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

[TheWistfulHawk]

Long time lurker here, I don't really get how you're surprised at the amount of traction this thread is getting. Raiblocks has been kind of a big deal lately and it's fair to say that most of us weren't on that rocket, so it's natural that a fork of that frankly amazing tech, gains quite an audience.

Still, OP has to prove himself before we can for certain say that this is legit, that's for sure.

[longtimelurker]

I usually just lurked, then when I tried to log in for the first time in years (must have been back in 2013) I guess my account was locked...so that's why I'm a newcomer despite being an..."old comer?" Anyway I remember feather coin and aurora coin and all those random alts lol. Funny how some survive and some don't.

Anyway, I was really impressed with raiblocks but my main concern was security. I'm glad this looks to be more privacy oriented than raiblocks however I'd strongly advocate for expanding the team somewhat. If I'm not mistaken you've received >50k+ in donations (and counting). Congratulations. This, if used properly, can speed development as well as increase your personal gain from this venture.

As far as distribution goes, airdrops are a horrible way to go. They manage to simultaneously raise 0 money for the actual project in question, and yet favor whales over people that actually grow the overall value of the coin by getting the word out. Whales aren't bad people or anything, but if you want marketshare you want more people with a vested interest in your coin, not 10 dudes with 50% of the coins.

A far better solution is to pre-sell coins. What about whales you say? Well, make a cap, and only sell to people that commented on this thread before a certain timeframe. Ex. max donation is 500 bucks (or half an ether or whatever), and you must have a bitcoin talk account associated with the donation or you get nothing.

Again, seriously consider expanding the team. The good news is you have a ton of interest because of the underlying tech + strong demand. The bad news is that you have a limited window of opportunity to capitalize on that hype.

Best of luck,
A long time lurker.

[faucetcollector]

Pretty interested in this (hopefully) soon to be coin. I am tempted to do a donation.
But still the red flags are not gone, the last reply by felix is pushing for more donations, something he didn't do before..
Will wait for something to be put on git

[Verethraghna]

the distribution method used by UCASH right now should be considered for STONE,UCASH just launched their new currency you need to register at their website,verify your email and phone number and get 500 UCASH their referral program is what will be good for STONE so basically you let people work for it and spread the word.you will get thousands of new people to join  in not time. anyway if you want 500 UCASH here the link:
https://portal.u.cash/account/register&referrerid=44068
you will need to verify your account by verifying email and phone number
this new currency seems very legitimate indeed so get your 500 ASAP as this bounty will be ended by the 6-7 of January

no referral links please
and why should we want people knowing our email address and telephone number if it is cryptocurrency we are talking about here?

[Malek17]

the distribution method used by UCASH right now should be considered for STONE,UCASH just launched their new currency you need to register at their website,verify your email and phone number and get 500 UCASH their referral program is what will be good for STONE so basically you let people work for it and spread the word.you will get thousands of new people to join  in not time. anyway if you want 500 UCASH here the link:
https://portal.u.cash/account/register&referrerid=44068
you will need to verify your account by verifying email and phone number
this new currency seems very legitimate indeed so get your 500 ASAP as this bounty will be ended by the 6-7 of January

no referral links please
and why should we want people knowing our email address and telephone number if it is cryptocurrency we are talking about here?

Distribution using proof of individuality,that way email and phone verification to avoid same people doing multiple claims

[GoldBoa]

I've been lurking this thread for about a week now and the idea sounds good, but I don't know something sounds off to me. Do you have any links to any previous work you've done or even a github account so at the very least we can verify you can program?

[Exterminador de Scam]

https://i.imgur.com/MWXAmrP.png



Introduction


Stone will be the first DAG (direct acylic graph) data-structured digital currency with private transactions, allowing instant, fee-less anonymous transaction with high scaling (up to 7,000txs per second) Stone will be forked from the RaiBlocks codebase, whilst the chain is not near completion as it currently stands and it just myself who will be working on the project, i do not offer high quality illustrations & impressive marketing, what i do offer, however is highly scalable, private, instant a fee-less transactions, all on a decentralized network once the project is complete



Work Ethics


What i can promise you

• Dedication
• Constant updates
• a finished product
• a quality product delivered in a timely manner

What i cannot promise you

• Exchange listings
• Price increases
• Advertising
• False hype
• An unfinished product, i always complete a project.

This pre-announcement is merely just the beginning of a long path, the stepping stone for a great advance in an already amazing pre-existing technology. I cannot express enough respect Colin and his innovative idea which has solved the blockchain debacle, a incredible amount of work and dedication has gone it to his project and Stone will never discredit his efforts.


Methodology


I've been experimenting with the idea of using zkSNARKs, similar to the tech used in the ZCash cryptocurrency, this will prove to be a challenge since we are no longer using a blockchain, we are using a DAG.


a very short summary, zkSNARKs have 4 main ingredients:


A) Encoding as a polynomial problem


The program that is to be checked is compiled into a quadratic equation of polynomials: t(x) h(x) = w(x) v(x), where the equality holds if and only if the program is computed correctly. The prover wants to convince the verifier that this equality holds.


B) Succinctness by random sampling


The verifier chooses a secret evaluation point s to reduce the problem from multiplying polynomials and verifying polynomial function equality to simple multiplication and equality check on numbers: t(s)h(s) = w(s)v(s)


This reduces both the proof size and the verification time tremendously.


C) Homomorphic encoding / encryption


An encoding/encryption function E is used that has some homomorphic properties (but is not fully homomorphic, something that is not yet practical). This allows the prover to compute E(t(s)), E(h(s)), E(w(s)), E(v(s)) without knowing s, she only knows E(s) and some other helpful encrypted values.


D) Zero Knowledge


The prover permutes the values E(t(s)), E(h(s)), E(w(s)), E(v(s)) by multiplying with a number so that the verifier can still check their correct structure without knowing the actual encoded values.


The very rough idea is that checking t(s)h(s) = w(s)v(s) is identical to checking t(s)h(s) k = w(s)v(s) k for a random secret number k (which is not zero), with the difference that if you are sent only the numbers (t(s)h(s) k) and (w(s)v(s) k), it is impossible to derive t(s)h(s) or w(s)v(s).

(Christian Reitwiessner 2016)



Distribution

One big question which is still left unanswered, and may be for some time, is distribution, I am unsure of how the coin will be distributed at these early stages, but when the time comes i’m positive the community will assist with an efficient, fair solution.



Whilst i do not wish to run a crowdsale, donations are welcome and will go towards my efforts in development. Donators will be noted in a database & published alongside Stone's main announcement, your assistance will not go unnoticed, depending on the distribution method selected as a community, donators may be included as a portion of distribution, we must first select method of distribution and work from there. For now donations should be treated as exactly that, donations.


Bitcoin:  17rta6cBBcacwbjFuWmrCpaPDN3m4jX6et

RaiBlocks: xrb_3my3e88nzaorkhcbho91seniswjz7ksiu1ddkuuu5ue3q8exiian9ikhja4g

Ethereum: 0x4Ce0650EC058449F8b936733b12E945E443EC1bD


If you wish to donate - please send a PM the amount right beforehand so i am able to keep track of transaction ownership in my speadsheet.

Code:

:: DONATORS :: a share will distributed to all donators, as a way of saying thankyou.

hoolio  |  https://etherscan.io/tx/0x8ef0ee17988bcc55f8263d54209a695de008427a2565da112b1247df0c37ad9c
Meatstick  |  https://blockchain.info/tx/fc6e3d5dfa3ad584d36c02f330a1e05adc3fab0e5f017f1b4144e9e270d2a8ae
fallengel  |  https://blockchain.info/tx/520c6cf01b0719380fdb5dc9881ace0474cfc5251206d28e8b57485c0797da2a
tedes  |  https://blockchain.info/tx/e83ea00dda5bc56b456f59475d146113125a262000e24a9dca8798c2c1996385
vsh  |  https://etherscan.io/tx/0x5f6b2da906c116c725e7341a0380ab9f51fac39c831570b8715b70b8c9fdfb3e
rusbus  |  https://etherscan.io/tx/0x30060b45cf09adeda02f9c42fd50479140c628380ee446f75377b86dd344974e
https://etherscan.io/tx/0xa751863c6fc4937fcb8d551ea01ad978005499f97d94abe2b9385a58bb27abec
emberedsword  |  https://raiblocks.net/block/index.php?h=827BE8F22956C11B56925A2AFA87D62140F2371A5482F14C88DF8E7D9FC3BFE6
Elated  |  https://raiblocks.net/block/index.php?h=B9049F25CDC58A8A1EB0A5BE16AB0935B2F42DC737F244597E55F9692A560916
deemcdee  |  https://etherscan.io/tx/0x2dfdbf8fbf3a2f17fdc2564b4f66af1a83e827c944acbd19b720c106bdba0534
Modifeed  |   https://blockchain.info/tx/b9220112713e1d150e54f5d1e5542d608255acaa8ca91ca2fb92787e89a4d770
mohunr  |  https://raiblocks.net/block/index.php?h=39FA5FBEA3E185263762F4962FFDB27595BB8871DA1068AC4F4EAC3FA7E8CF09
vvorobets  |  https://etherscan.io/tx/0xe6fd9be6c0f94e41faaf598227683a67572eba9bd4ca3269b2fb65f290f46dda
Greyfox127  |  https://etherscan.io/tx/0x86d0bb3746e2e627fe742a09eb5531b9676bac39641de088816e1da28a61b0ee
KasaiRyane  |  https://etherscan.io/tx/0x95af89dec1223b58a86d517ca40d12ba72f67b7b00802dc8758ba7d0ddae9faa
benben22  |  https://etherscan.io/tx/0xde86eac7f84bd4d0f69f2751c1e021342d2914c066a4224df1e545306ed2edf4
gringoed  |  https://etherscan.io/tx/0xde20f2eca360c92db1e394865ad99be0260d670f19d177120f9e2af5787e7996
PerfectCoinSeeker  |  https://raiblocks.net/block/index.php?h=BE98BEFE9ED9649313EF5A9D9BD79003651C38E6EC197FF0218471BE5B1EDE83
quad002  |  https://raiblocks.net/block/index.php?h=CFFA532C870C82CC364B8F2C912EF429A778E2A1768EC34B8AE0F4FFD85F13E2
greatk  |  https://etherscan.io/tx/0x2dfdbf8fbf3a2f17fdc2564b4f66af1a83e827c944acbd19b720c106bdba0534
kfe0824  |  https://etherscan.io/tx/0x9bd076280f50de54dfc9a3042f997736d46aae094eb5544bac7abfc4f7db4a9b
mrdaltro  |  https://raiblocks.net/block/index.php?h=820C9868CDFCA05BAF2E46CEDFADADC0C2E5D70A0CB42692AC1081AF6F67A5A9
n_xion  |  https://etherscan.io/tx/0x1e31c4574e4a75f6b2f523b948c0ba990a638ac2daa3944dd8f6925fae99f73c
irfan22in  |  https://blockchain.info/tx/0cb0b6b191940496032d74f10ff8218186b14457ef7ae61c2550bd95f9d5a317
riccardop  |  https://blockchain.info/tx/c0bb46de4e2075385b362c902f4977caba17eab8c9798b35f0ef984c07ddf5e0
geostation  |  https://raiblocks.net/block/index.php?h=A431B6940DE860F867644DAC7FDA3AC9218970A12C8651E8588EA5855D1A961A
LAMNOID  |  https://etherscan.io/tx/0x45d4adde9a53c802e2216492695ec3f807dcd8530f38661aa67909e25d729735

Please note, this announcement thread is a pre-ann and is not complete, i will update as the project progresses.


Sources/Credits:
RaiBlocks Announcement: https://bitcointalk.org/index.php?topic=1381323.0
RaiBlocks whitepaper: https://raiblocks.net/media/RaiBlocks_Whitepaper.pdf
zkSNARKs: https://blog.ethereum.org/2016/12/05/zksnarks-in-a-nutshell/
Bitcoin: https://bitcoin.org/bitcoin.pdf

I'm very excited about the start of this project. As it aims to solve problems and make improvements in the Raiblocks code base, then I wanted to give some suggestions about the distribution of coins and things to implement.

1 - Since the coins are all created in a genesis block, they were created over X years for X time by X quantity, and that these coins were a form of incentive to #Stone full nodes causing the network to be robust and fast, maybe my idea needs to be reformulated but it is an example.

2 - In raibloks it is necessary a little proof of work for those who will receive the coins, only the pow of those who send is already sufficient to avoid spam and even if they try to make spam it will be useless, I think it is possible to eliminate this pow of receipt , this would increase the currency's scalability by 2x, maybe my idea needs to be reformulated but it's an example ...

3 - The reduction of ragged information in each block and an efficient pruning system, assuming that the blocks function as a merkle tree saving only the balances of each account, maybe my idea needs to be reformulated but it is an example ...

Please contact me by email: exterminadordescam@protonmail.com

If you still need donations, let me know.

Well, it seems that nobody paid much attention to my idea ...
Maybe it's because of my bad English.

[ibemoe]

When do you read your PMs ?

[Emilyearl]

Long time lurker here, I don't really get how you're surprised at the amount of traction this thread is getting. Raiblocks has been kind of a big deal lately and it's fair to say that most of us weren't on that rocket, so it's natural that a fork of that frankly amazing tech, gains quite an audience.

Still, OP has to prove himself before we can for certain say that this is legit, that's for sure.

No one is surprised as to the attractions the thread is getting.  It's a concern of how numerous newbies and brand new accounts are flooding the thread and everyone having a hang of Dag tech.

[iVajra]

raiblocks 2.0 ? are you one of raiblocks core team ? or this thread is just to gain more exposure / new money comes into raiblocks  

btw DAG with privacy features will be very interesting
this project will be hype as what raiblocks gained till today

I bet this to be much better than RaiBlocks, avoiding their mistakes (very bad exchange, pump based on low volume and exchange bug) and possible price manipulation too.

indeed .. this project will be far better since imho raiblocks  is just missing privacy feature to be the most effective crypto future

but still fair distribution method  is one of the success key for this project

[PerfectCoinSeeker]

I respectfully disagree with any snapshot or another oligarchal distribution. Why fatten the Whales?  We have a rare opportunity  to be an everlasting currency for the World. Let’s make it as accessible to the working class as it is to the wealthy. If we don’t, Stone will just be another nichecoin. If we don’t do it, someone else will. Only a matter of time. A vast amount of a currency’s utility resides in the trust people have in it. Let’s build that trust by distributing it to more people from all around the planet.

[xibeijan]

1 - Since the coins are all created in a genesis block, they were created over X years for X time by X quantity, and that these coins were a form of incentive to #Stone full nodes causing the network to be robust and fast, maybe my idea needs to be reformulated but it is an example.

2 - In raibloks it is necessary a little proof of work for those who will receive the coins, only the pow of those who send is already sufficient to avoid spam and even if they try to make spam it will be useless, I think it is possible to eliminate this pow of receipt , this would increase the currency's scalability by 2x, maybe my idea needs to be reformulated but it's an example ...

3 - The reduction of ragged information in each block and an efficient pruning system, assuming that the blocks function as a merkle tree saving only the balances of each account, maybe my idea needs to be reformulated but it is an example ...

Please contact me by email: exterminadordescam@protonmail.com

These are interesting ideas.  I do not understand what you mean by 1.  2. seems good, but is that really safe? 3. good idea, but how to be safe.  RaiBlocks is unsafe as far as I know, so Stone should do some work to make it secure.  The dev seems sensible and open to good ideas and sets a reasonable pace and expectation, so hopefully he will take these ideas on board.

[xibeijan]

I respectfully disagree with any snapshot or another oligarchal distribution. Why fatten the Whales?  We have a rare opportunity  to be an everlasting currency for the World. Let’s make it as accessible to the working class as it is to the wealthy. If we don’t, Stone will just be another nichecoin. If we don’t do it, someone else wil. Only a matter of time.

No such thing as everlasting especially in crypto.  Tech changes very very fast.

[PerfectCoinSeeker]

I respectfully disagree with any snapshot or another oligarchal distribution. Why fatten the Whales?  We have a rare opportunity  to be an everlasting currency for the World. Let’s make it as accessible to the working class as it is to the wealthy. If we don’t, Stone will just be another nichecoin. If we don’t do it, someone else wil. Only a matter of time.

No such thing as everlasting especially in crypto.  Tech changes very very fast.

It’s changing fast now, until more adequate currencies for the masses take hold. Why not maximize Stone’s potential utility with maximized accessibility?

[fracas]

I respectfully disagree with any snapshot or another oligarchal distribution. Why fatten the Whales?  We have a rare opportunity  to be an everlasting currency for the World. Let’s make it as accessible to the working class as it is to the wealthy. If we don’t, Stone will just be another nichecoin. If we don’t do it, someone else wil. Only a matter of time. A vast amount of a currency’s utility resides in the trust people have in it. Let’s build that trust by distributing it to more people from all around the planet.

Yeah, absurd thing to make riches richer.

[felixando]

I respectfully disagree with any snapshot or another oligarchal distribution. Why fatten the Whales?  We have a rare opportunity  to be an everlasting currency for the World. Let’s make it as accessible to the working class as it is to the wealthy. If we don’t, Stone will just be another nichecoin. If we don’t do it, someone else wil. Only a matter of time. A vast amount of a currency’s utility resides in the trust people have in it. Let’s build that trust by distributing it to more people from all around the planet.

Yeah, absurd thing to make riches richer.

You are somewhat correct in saying that a) this method makes the rich richer, which should not be performed in this manner and b) It should be accessible to the working class, those were my vision and my two values from the start. The airdrop was just an idea brought forward to me by a community member, which i relayed onto the community without deep thought. I'm still pondering ideas for equal & fair distribution, the community is welcome to assist, if anyone has any idea's, please do not be reluctant, deliver them! for myself and the community to assess  



felixando

[davedavid]

I respectfully disagree with any snapshot or another oligarchal distribution. Why fatten the Whales?  We have a rare opportunity  to be an everlasting currency for the World. Let’s make it as accessible to the working class as it is to the wealthy. If we don’t, Stone will just be another nichecoin. If we don’t do it, someone else wil. Only a matter of time. A vast amount of a currency’s utility resides in the trust people have in it. Let’s build that trust by distributing it to more people from all around the planet.

Yeah, absurd thing to make riches richer.

You are somewhat correct in saying that a) this method makes the rich richer, which should not be performed in this manner and b) It should be accessible to the working class, those were my vision and my two values from the start. The airdrop was just an idea brought forward to me by a community member, which i relayed onto the community without deep thought. I'm still pondering ideas for equal & fair distribution, the community is welcome to assist, if anyone has any idea's, please do not be reluctant, deliver them! for myself and the community to assess  



felixando

  i'm maybe a newbie but been here already for months and lurking into the forum. Thats a good thing for a developer whose very open to the communities ideas fair distributions is the best way.

[Cryptagoras]

I respectfully disagree with any snapshot or another oligarchal distribution. Why fatten the Whales?  We have a rare opportunity  to be an everlasting currency for the World. Let’s make it as accessible to the working class as it is to the wealthy. If we don’t, Stone will just be another nichecoin. If we don’t do it, someone else wil. Only a matter of time. A vast amount of a currency’s utility resides in the trust people have in it. Let’s build that trust by distributing it to more people from all around the planet.

Yeah, absurd thing to make riches richer.

You are somewhat correct in saying that a) this method makes the rich richer, which should not be performed in this manner and b) It should be accessible to the working class, those were my vision and my two values from the start. The airdrop was just an idea brought forward to me by a community member, which i relayed onto the community without deep thought. I'm still pondering ideas for equal & fair distribution, the community is welcome to assist, if anyone has any idea's, please do not be reluctant, deliver them! for myself and the community to assess  



felixando

Hi Felixando,

You could do the distribution through a game. There are plenty of basic open source games available through which you can link the distribution of the coins. This would prevent exploits by bots and anyone can participate to play for coins.

[felixando]

just as a side-note i have recently in the last hours updated the original post with the latest list of donators, thank you.





Please all- note that this is a pre-announcement, nothing is yet being announced, there is no wallet at present, no functional codebase and no fully functional zk-SNARK's with a DAG blockchain, for those asking for evidence & testimony. The donation interpretation was just originally a way to fund my development, which then i felt they should receive a contribution in return, so i have offered a stake of Stone. This is not a crowdsale, if your hesitant about the legitimacy, please wait until a stable release has been delivered before you consider donating to the project, even once i finalize acceptance of donations, there will still be a way to receive a small complimentary share of Stone.  


That being said, itrust you all had a phenomenal 2017, and wish you a wondrous 2018!




felixando

[coinnoob12]

Do you have any estimation for a launch date?

I have no experience in coding or anything alike, so I'm just wondering how time consuming sth like this usually is.