[PRE-ANN] Stone - DAG Data-Structured Private Cryptocurrency

[ggeorgiev]

launching a website soon or anything like that?

[PerfectCoinSeeker]

I'm willing to donate StoneCurrency.org, StoneWallet.org, and StoneExchange.org to the project. This could provide a consistent set of resources for the community. I hope to show a simple site of the former soon.

[Yodax]

I'm willing to donate StoneCurrency.org, StoneWallet.org, and StoneExchange.org to the project. This could provide a consistent set of resources for the community. I hope to show a simple site of the former soon.

I always love how communities in crypto are willing to help.

[hoolio]

It's funny to watch how crazy this whole thing has become. People want airdrops, free distribution etc. AND proof that this is not a scam.

It makes financial sense for you as an individual even when adjusted for risk, but it hurts the crypto community generally because bad people everywhere in cryptoland will see what they can get with just an ANN. That being said, I am really interested in STONE if it happens likes most people here, I just prefer to remain very skeptical until there is evidence of an actual coin, not just an ANN.

Check out the NXT and NEM topics here, what evidence they had and where they are now.

But I agree that it would be better to use an escrow anyway.

[harvw]

Any update on progress?

Weekly dev updates would be great if you have the capacity...

[EternalPropagation]

He always answers most of the questions at least once a day. This is not the first time he answered questions.

He hasn't answered even a single one of my questions. Mainly regarding the fact that zkSNARKs is resource-heavy and will remove the speed of rai from the characteristics. He would have have to use recursive zkSNARKs.

[HorusLupercal]

DEV,

You have a great idea, myself, and many others in this thread are eagerly awaiting a chance to participate in the STONE project, especially coming off the back of the recent XRB hype and recognition as the top contender for a p2p currency. HOWEVER, I've read through the entire thread and you haven't addressed a single person with regards to a safe way to donate so we can participate with peace of mind that we aren't getting scammed.
I understand you are potentially working on the code, but you are addressing the same questions by different people but leaving the important ones out.

PLEASE give us a response regarding escrow. Give us the final leg of confidence we need to feel comfortable in helping this awesome idea. IF you really cared about bringing a true decentralized anon currency that helps your every day person, it would show that you want to do something meaningful with your talents, and help benefit the world, so start here by giving your future users what they want. At least respond.

With your 13 years exp for fortune 200 companies you should have better communication skills.

Think i speak on behalf of the entire thread here when I say I look forward to your (hopefully) positive response.

[sotisoti]

+1, escrow or it's another ZETH spinoff

[Verethraghna]

No progress yet ?

[fracas]

I am sure progress will come. Dev cannot always be here to answer. He is preparing the coin!

Anyway I am with you guys:
- no airdrops to XRBs older and not to donors too (it would become unfair or an ICO). Faucet is still a fair system.

Moreover in setting up exchange or make other exchanges to support the coin i suggest this approach:
-"Computing hash on client side for exchanges" - https://www.reddit.com/r/RaiBlocks/comments/7k0tmc/computing_hash_on_client_side_for_exchanges/

This would dramatically decrease downtimes or overloads and exchange wouldn't have to invest in GPUs to keep STONE market up. This would be better also for privacy procedures computing.

[OnchePower]

I like the idea. I'll donate once there is some proof this isn't a scam.

[Kencha77]

He always answers most of the questions at least once a day. This is not the first time he answered questions.

He hasn't answered even a single one of my questions. Mainly regarding the fact that zkSNARKs is resource-heavy and will remove the speed of rai from the characteristics. He would have have to use recursive zkSNARKs.

This is the nearest answer that i could find about your question. Hope this helps

Now this sounds like a good idea.

No wasting time, no marketing smoke and mirrors, just a focus on development.

How long do you think this will take?

Will you need a trusted setup with key signing like for ZCash?

I heard there is a thing called ZStarks (or something like that) that does not require the trusted setup.

Exactly, there should be no need for smoke and mirrors with any cryptocurrency related project, i'm not interested in selling a fluff project, i'm interested in presenting the code upon completion, and that will be the decider.

I have done a small amount of research on STARK's, and from what i can see there proofs are too large for a DAG/blockchain, perhaps in the future this may be a possibility.

From what i read, STARK's require ~1.2MB proof, whereas zk-SNARK only require~300bytes proof, also STARK's require around 140gb memory for proving. For now i am experimenting, researching and brainstorming the best methodology, i have a few possible scenario's/ ideas, which require testing.

The whole project to a beta release should only take ~1-2 months in an ideal world.

[Delphinus]

I'll keep an eye out to see what is happening! 

[PrinceOfPersia711]

I am very interested in donating and investing in this coin. I will pm you later today when I have sent a donation

Edit: I made a donation, PM was sent

[IBuyCoins]

DEV,

You have a great idea, myself, and many others in this thread are eagerly awaiting a chance to participate in the STONE project, especially coming off the back of the recent XRB hype and recognition as the top contender for a p2p currency. HOWEVER, I've read through the entire thread and you haven't addressed a single person with regards to a safe way to donate so we can participate with peace of mind that we aren't getting scammed.
I understand you are potentially working on the code, but you are addressing the same questions by different people but leaving the important ones out.

PLEASE give us a response regarding escrow. Give us the final leg of confidence we need to feel comfortable in helping this awesome idea. IF you really cared about bringing a true decentralized anon currency that helps your every day person, it would show that you want to do something meaningful with your talents, and help benefit the world, so start here by giving your future users what they want. At least respond.

With your 13 years exp for fortune 200 companies you should have better communication skills.

Think i speak on behalf of the entire thread here when I say I look forward to your (hopefully) positive response.

Looks like the idea of a privacy oriented XRB is interesting a lot of people. OP looks like he's not serious. How about we find devs to create the coin ? I am pretty sure some people on this thread or in the crypto community have the necessary skills to do what OP is saying he wants to do.

[goingmobile]

my mouse is ready to click some captchas!

[uihehda]

If STONE is Private, Instant, Feeless, Secure, with Quantum Resistance & Smart Contracts it will be the Holy GRAIL of currency. Lots of potential.

Not really. Smart contracts would just add bloat that is by no means necessary. The holy grail of currency is private, instant, feeless and quantum resistant. Leave smart contracts to other coins that are built for those.

[Anycrypt]

Too many newbie and brand new accounts in this thread.. The dev hasn't answered any technical questions.. I would never donate in something like that. My feeling is this is a scam.

Don't be biased. Newbie accounts doesn't mean nothing. Also it's not compulsory you date just sit back and watch the project unfold. Don't call it a scam yet. If the Dev is serious and dedicated I'm sure you will be glad being here at the end.

let's see how the project will develop further, but there are some suspicions due to the fact that there are really many newcomers who are ready to invest and support the project right from the first message on the forum.

[fracas]

If STONE is Private, Instant, Feeless, Secure, with Quantum Resistance & Smart Contracts it will be the Holy GRAIL of currency. Lots of potential.

Not really. Smart contracts would just add bloat that is by no means necessary. The holy grail of currency is private, instant, feeless and quantum resistant. Leave smart contracts to other coins that are built for those.

Must quote this.

my mouse is ready to click some captchas!

And this!

Looks like the idea of a privacy oriented XRB is interesting a lot of people. OP looks like he's not serious. How about we find devs to create the coin ? I am pretty sure some people on this thread or in the crypto community have the necessary skills to do what OP is saying he wants to do.

I do not quote this. OP has still to show us anything but for sure he deserves a little of confidence.

When he'll show us some GitHubs and stuffs it would be more clear and we would love to. Premises are really good.

Please OP, make sure you prepare stuffs for getting ready-listed at good exchanges. BitGrail and Mercatox are a mess. My Java suggestion to make clients do the job their side, like many web miners around nowadays, would be great I think.

Faucet distribution is democratic too I bet, even if audio ones are cheatable so I would avoid them. Social (Twitter) bounties are good too imho.

[Elated]

Social media bounties have a tendency to turn into unnecessary and unwanted spam. It has been my experience that his type of campaign may in fact be detrimental to its success.  If the project is good, it will be picked up by social media on its own merit.