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

[August1106]

Do you have a further and detailed XSN allocation plan? This small update and recap cannot explain  many things.

[1714770744]

1714770744

[1714770744]

1714770744

[zaycc]

Relax guys, let things flow, and let's have constructive discussion instead of shooting down ideas immediately. (If you read the thread) He asked at the very beginning on ideas for distribution. If you did not impart your idea before, what weight should your new solution be given? Let's be civil guys 

[racka]

I think for this kind of distribution it would be fair to have it capped or something. Like maximal redeemable amount is at 100 XRB or 1 BTC or something like that. It doesn't make any sense in linking to BTC balance since the ICO projects will claim their stake and just dump it because they don't care.

An amount cap sound like the right compromise. It can be further restricted by looking at amounts from a specific historical date, though I'm not sure how fair that is.

I'm guessing the coin distribution needs to ensure a (somewhat) fair distribution as well as introduce new users to the technology.

A captcha controller faucet, similar to XRB sounds nice, but seeing as XRB already did that, we could just look at the distribution from when the faucet stopped.

Taking into account that this is a DAG Privacy coin, besides airdropping XRB holders (as a thank you for the fork) perhaps we can also airdrop privacy coin holders (Monero, Dash, Zcash)? Users that already value privacy seem like the most likely to accept Stone and be part of the community.

Overall, a 55% airdrop distribution sounds like a reasonable amount.

[kerafym]

Is it even possible to have zero fees for transactions? I mean there are lot of trolls outside...

[cryptopathshala]

How to allocate it about 30% donators? According to the price of the dollar at the time of donation,or others?

Yeah, we have same question, as donation was done in multiple cryptocurrencies, so how one common denominator will be used for calculation?

[Exterminador de Scam]

Good morning to you all, today will be a small update and recap on recent events/posts, hopefully one of many if i acquire the time to do so. Id like to take this time to earnestly thank my supporters and the people who have been sending supportive and appreciative private messages, also to the donators, development could not continue without you, Thank you.



Distribution

As expressed by a few supporters we have come to the result that we would like to see a substantial plan ahead, which will persist as follows;

30% donators (ending shortly - exact date yet to be announced)
32.5% Airdrop to BTC holders
22.5% Airdrop to existing XRB holders.
10% Givaway (Thread Posters/Twitter Enhancers)
5% Development fund


Stodes (Nodes)

From my findings with the balanced-weighted vote the implementation will not transact in-line in the manner i originally set out to achieve, therefor i have played with the idea of off-chain addresses, t-addresses (Stone) for standard transactions & (zStone) z-addresses, with an exact exchange between paired wallets for an untraceable transaction .My idea further extends to to have Stodes (Nodes), which act as a direct atomic swap 1:1 with Stone & zStone, anyone would be able to see the the swap 1:1 between the two, but no one would be able to see where you have recieved the zStone as it was transacted off-chain.

zStone would not be a seperate currency and not tradable on an exchange, its simply the channel to achieve completely private transactions, with a swap 1:1 with Stone, they would not be worth anymore or any less.


Schematics


                           OFF-CHAIN
        Bob                    ->           Alice
(zStone) Transactions    ->    (zStone)  Received


                              SWAP
         Alice                    ->            Ted (Node)      ->          Alice
(zStone) Swap 1:1        ->            Receive/Send       ->    (Stone) Received

Alice receives a private transaction from Bob via zStone, Alice now has 100 zStone, Alice now wants standard Stone, she swaps the 100 zStone for Stone 1:1 via a Stone node. The end result is Alice successfully has completed a private transaction with Bob, and swapped back into the base currency, all within the wallet, this method allows the DAG protocol to still function with its representative method.


Tests

I've been testing the functionality with zkSNARK transactions in a closed server, with positive results, sub ten-second transactions, with privacy.

The following members will take part in testnet, at this stage i do not need any more participants.

Code:

Mate2Mate
PerfectCoinSeeker
no_advance
njoroge
Bamauth
bitcoinuserz
w******t
Nomad_1
Mucamo_35
hoolio
Mckonery
ICOGuide
bitcoinuserz
fedmahnkassad
Dagmen
Worldtokenindex
xibeijan
racka
njoroge
witzowitz
mgpf
Phantomtrader
kaar
jinhwanlazy

https://i.imgur.com/a4TPGFL.png










felixando

Airdrops are not good, you could exchange them for an incentive system to the Stods (Stone Nodes) 

[Exterminador de Scam]

FRIKKIN BOOM!

so tempting to donate more, this is looking real good.

Avoid donations, when the system works and is not scam then you can reward the developers for their work, it happens that you should not trust projects that ask for gifts before showing work, if the project is good even if it is not a fraud I take my and apologize to everyone.

[traumschiff]

Airdrops are not good, you could exchange them for an incentive system to the Stods (Stone Nodes)  

Node incentive models need either continious PoW/PoS inflation or transaction fees to work. A fixed number of coins can't really manage this as sooner or later they will run out in 1-5-20 years or whatever time.

[Exterminador de Scam]

Airdrops are not good, you could exchange them for an incentive system to the Stods (Stone Nodes) 

Node incentive models need either continious PoW/PoS inflation or transaction fees to work. A fixed number of coins can't really manage this as sooner or later they will run out in 1-5-20 years or whatever time.

Okay, it's just my idea trying to put together the best of dag with blockchain.

But it would be a very good way to distribute the coins in a heterogeneous way and maintain a secure network for much longer until you have enough users to have no problems.

[jayoz]

Looks good. Are any of the testnet users able to provide any information?
Also what exchanges are you planning to aim for first of all?
When will the donation time stop?

[rdnkjdi]

Distribution

As expressed by a few supporters we have come to the result that we would like to see a substantial plan ahead, which will persist as follows;

30% donators (ending shortly - exact date yet to be announced)
32.5% Airdrop to BTC holders
22.5% Airdrop to existing XRB holders.
10% Givaway (Thread Posters/Twitter Enhancers)
5% Development fund

I hope this distribution is not set is stone (sorry for bad pun ).

Why grant paid spammers twice as much as allocated to development?  Do you really want to emphasize Astroturf marketing over development and wind up like Dash?

According to Cardano's Ouroboros research, an honest initial distribution pattern is critical to maintaining the integrity of a Proof-of-Stake system going forward.

Your schema could be tweaked to allow a much longer, fatter tail by expanding the airdrop to LTC and DCR.  That would bring in vastly more participants than BTC and XRB alone, which enhances the probability of achieving an honest staking voter base which cannot be compromised by a handful of BTC and XRB whales.

I thought all you did was snort coke, bash BCash & troll everything but Monero Icebreaker

Whatya give the odds that this isn't a scam?  Someone needs to do ring signatures + DAG

[iCEBREAKER]

Distribution

As expressed by a few supporters we have come to the result that we would like to see a substantial plan ahead, which will persist as follows;

30% donators (ending shortly - exact date yet to be announced)
32.5% Airdrop to BTC holders
22.5% Airdrop to existing XRB holders.
10% Givaway (Thread Posters/Twitter Enhancers)
5% Development fund

I hope this distribution is not set is stone (sorry for bad pun ).

Why grant paid spammers twice as much as allocated to development?  Do you really want to emphasize Astroturf marketing over development and wind up like Dash?

According to Cardano's Ouroboros research, an honest initial distribution pattern is critical to maintaining the integrity of a Proof-of-Stake system going forward.

Your schema could be tweaked to allow a much longer, fatter tail by expanding the airdrop to LTC and DCR.  That would bring in vastly more participants than BTC and XRB alone, which enhances the probability of achieving an honest staking voter base which cannot be compromised by a handful of BTC and XRB whales.

I am wondering why not ETH instead of LTC?

Limiting airdrops to the most well-distributed forks of BTC, IE LTC and DCR, allows for more code reuse than designing/writing/testing another redemption mechanism for ETH, which is based on entirely different code and crypto primitives.

But if Stone did support airdrop for ETH we could use it for ETC too.

I have no idea how bolting ring sigs onto XRB compares to the existing plan.  That's crypto-magic way above my hat size and is entirely the dev's call.

[fonship]

So that means supply will be BTC+ XRB and some more or will be less.
Is it 1:1 for BTC and 1:1 for XRB?
Or it will be 1:1 for BTC and much less for XRB.

[Black_bl]

So that means supply will be BTC+ XRB and some more or will be less.
Is it 1:1 for BTC and 1:1 for XRB?
Or it will be 1:1 for BTC and much less for XRB.

This is a good question, I was also wondering about that

[July1106]

I support MasterNode.   I donot like airdrop.

[bitcoinuserz]

I think, as other mentioned, it would be a better idea if you can take a portion from XRB and BTC share and give it to privacy coin holders like monero. People who hold monero or zcash or other privacy coins care more about  projects like this than other coins. Anyway, its dev's project so its his call in the end. just giving ideas for the greater good.

Also, you need to filter out exchange wallets.

[Yeuph]

Good morning to you all, today will be a small update and recap on recent events/posts, hopefully one of many if i acquire the time to do so. Id like to take this time to earnestly thank my supporters and the people who have been sending supportive and appreciative private messages, also to the donators, development could not continue without you, Thank you.



Distribution

As expressed by a few supporters we have come to the result that we would like to see a substantial plan ahead, which will persist as follows;

30% donators (ending shortly - exact date yet to be announced)
32.5% Airdrop to BTC holders
22.5% Airdrop to existing XRB holders.
10% Givaway (Thread Posters/Twitter Enhancers)
5% Development fund


Stodes (Nodes)

From my findings with the balanced-weighted vote the implementation will not transact in-line in the manner i originally set out to achieve, therefor i have played with the idea of off-chain addresses, t-addresses (Stone) for standard transactions & (zStone) z-addresses, with an exact exchange between paired wallets for an untraceable transaction .My idea further extends to to have Stodes (Nodes), which act as a direct atomic swap 1:1 with Stone & zStone, anyone would be able to see the the swap 1:1 between the two, but no one would be able to see where you have recieved the zStone as it was transacted off-chain.

zStone would not be a seperate currency and not tradable on an exchange, its simply the channel to achieve completely private transactions, with a swap 1:1 with Stone, they would not be worth anymore or any less.


Schematics


                           OFF-CHAIN
        Bob                    ->           Alice
(zStone) Transactions    ->    (zStone)  Received


                              SWAP
         Alice                    ->            Ted (Node)      ->          Alice
(zStone) Swap 1:1        ->            Receive/Send       ->    (Stone) Received

Alice receives a private transaction from Bob via zStone, Alice now has 100 zStone, Alice now wants standard Stone, she swaps the 100 zStone for Stone 1:1 via a Stone node. The end result is Alice successfully has completed a private transaction with Bob, and swapped back into the base currency, all within the wallet, this method allows the DAG protocol to still function with its representative method.


Tests

I've been testing the functionality with zkSNARK transactions in a closed server, with positive results, sub ten-second transactions, with privacy.

The following members will take part in testnet, at this stage i do not need any more participants.

Code:

Mate2Mate
PerfectCoinSeeker
no_advance
njoroge
Bamauth
bitcoinuserz
w******t
Nomad_1
Mucamo_35
hoolio
Mckonery
ICOGuide
bitcoinuserz
fedmahnkassad
Dagmen
Worldtokenindex
xibeijan
racka
njoroge
witzowitz
mgpf
Phantomtrader
kaar
jinhwanlazy

https://i.imgur.com/a4TPGFL.png










felixando

You my friend are one bad mofo...

I've told you that I'm a bricklayer IRL.  I'm not just any bricklayer dude, I'm a seriously gifted mason.  You get this shit done for us send me a PM and I'll come turn your house into a work-of-fucking art.  Real talk homie. <3

[Phantomtrader]

The distribution plan would work better if it didn't involve airdrop to xrb/btc holders, I believe you should also decrease the proportion given to donators to 15%. Majority should be distributed fairly through a faucet.

- Masternode would be better than airdrop.

Increase the development fund drastically. that's important.


Thanks i look forward to testnet.

[derickonfire]

As an XRB holder, I look forward to my airdrop.

If this takes off, I have some powa willing to support a node.

Cheers!

[BitcoinBoy1337]

So that means supply will be BTC+ XRB and some more or will be less.
Is it 1:1 for BTC and 1:1 for XRB?
Or it will be 1:1 for BTC and much less for XRB.

This step needs a good preparation, since we have to prevent whales from getting everything. And especially block exchanges from taking part in the distribution