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

[Alohaboy?!]

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

felixando

Felixando, Thank you for making me part of Testnet group. Looking forward to it.

Suggest on Distribution model.

30% donators (ending shortly - exact date yet to be announced)- I would give fair chance to everyone by announcing exact date when this phase will close
32.5% Airdrop to BTC holders  - I would reconsider distributing to whales rather will distribute to PIVX, DeepOnion, VERGE Holders and restrict to 25%
22.5% Airdrop to existing XRB holders. - Increase 2.5% so total of 25% to XRB holders
10% Givaway (Thread Posters/Twitter Enhancers) - Telegram group join promotions, All social media marketing
5% Development fund - Increase 5% to Dev fund to make sure have enough funds moving forward to develop/ improve/ Market/ Take it to Exchanges etc.

We all greatly appreciate your hard work, vision to take this project up, Again wish you all the best for project success.

Why exactly should he consider PIVX,  DeepOnion,Verge? Those coins even worse distributed than BTC 

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[Mudi67]

If you want to avoid that a single person creates several accounts / wallets to get more than one airdrop, then you need  proof-of-identity.
For example Jumio provides this proof-of-identity service...

[QCT]

Is there a discord for stone?

[Mudi67]

without "proof-of-identity" it is not possible to distribute the Coin completely fair....
I believe Jumio  charges 8$ per ID verification. This fee can be paid back inform of Stone coins to the users. The process for the verification is automated via camara and id card..

https://www.jumio.com/trusted-identity/netverify/id-verification/

edit: URL added

[Alohaboy?!]

If you want to avoid that a single person creates several accounts / wallets to get more than one airdrop, then you need  proof-of-identity.
For example Jumio provides this proof-of-identity service...

there is a simpler way. Just allow accounts with a certain age to claim the airdrop. like created before the start date of the stone announcement thread.

I think that's something simple and works more than well. But I got no doubt felixando will handle it

[ttookk]

(…)

I've stated it before: in the end, there is no golden path to take. And I don't think having whales is automatically a bad thing. It is a matter of distribution, but if you spread it wide enough, some major holders are no biggie. If the prolect is solid, buy their dumps. Wouldn't you expect them to sell at a considerably higher price than the one they invested in it?

Honestly, I think a lot of people commenting on the distribution issue are the ones who want as many free coins as possible. But if these free coins aren't worth anything, because nobody bothered to put moneywhere their mouth is – then what?

LOL. Very interesting conception. That there is no golden way, everyone should be clear. It was only about the fact that felixando wanted to have opinions on a possible distribution. I just said that you should not produce whales. But if you want whales, then just make them. Who cares? Certainly not me. It was just a well-intentioned suggestion.

If you think that I am here just because I want to have some coins for free, then you are definitely wrong about me. I would even be right to be excluded from the distribution. I would not care. For me it was the project Stone itself. When I read about it, I thought that this could be the perfect coin. So I signed up to join. But that seems to be a no-go here.

I have put forward my suggestions and that's good. However, if I am classified as someone who is only on the coins, because I have commented on distribution, then I am from now rather quiet and just read. It's no skin off my nose.

Nevertheless, I am very curious what will become of Stone.
So, have fun and hopefully see you later on Binance or s.th. like that...

I didn't address you personally, did I? I have not the slightest idea who you are and what you motives are. Maybe you are just in for the great tech, maybe not. Honestly, I don't care. But if you feel like I meant you, well, there's something to look into, I guess...

[Yeuph]

Hello community! I appreciate the technical discussion and distribution discussion, thoroughly healthy discussion, i understand certain method's will benefit some and not others, the distribution model chosen has a vast range of support for all ranges, there is a way for all to gain Stone, which is my main goal, a global fair distribution model.


- The main post has been updated with the latest list of donators, thank you.

- I will be catching up on private messages over the next few hours.


Another note, i require a strictly professional promotions manager for the twitter giveaway (10% allocated in the distribution model), please pm me your portfolio and previous history and work, also expected hourly/daily/weekly requirements and a little about yourself if you would like to apply.





felixando

Hey man, your distro method is fine.  It makes sense from a global-distribution method and not a "What way personally allows me to get more Stone" way.

I'm still curious if you fixed the node-syncing problem that XRB was having; if you're releasing it with the problem; or if its not an issue because you changed enough of the code.

[CCNCCN]

Hi I donated 13.4 eth while drunk a few nights ago (I know i'm not smart ;().  I am supportive of the mission, but.. that was more money than I could afford to donate.

I appreciate that donations are welcome but not required/expected/wanted in duress, could you please refund me back to the donation address? 


CCNCCN  |  https://etherscan.io/tx/0x3aa90ad6e2ecf58499a24145b53a8b39062bd5543f1ce7823956d11e13e4bcec


Many Thanks,
CCN

[rumpel_tusk]

Hi I donated 13.4 eth while drunk a few nights ago (I know i'm not smart ;().  I am supportive of the mission, but.. that was more money than I could afford to donate.

I appreciate that donations are welcome but not required/expected/wanted in duress, could you please refund me back to the donation address? 


CCNCCN  |  https://etherscan.io/tx/0x3aa90ad6e2ecf58499a24145b53a8b39062bd5543f1ce7823956d11e13e4bcec


Many Thanks,
CCN

You have to stay off Bitcointalk while drinking lol

[hayaoyamaneko]

been watching this thread for awhile, it's grown quite a bit, i'm impressed!

1) when is the deadline for donations? will be there be any additional development updates prior to the donation deadline?

2) perhaps distribution for donators can be proportional but capped at a certain point? ie. if i donate 1 eth i receive 10 coins, 2 eth 20 coins, 10 eth 100 coins, but if i donate 15 eth i still get 100 coins (i realize the # of coins and my ratios does not correlate to the circulating supply, haha, just an example)

[migz]

If you could spare some small amount to people who loves airdrop, distribute to people who will fill up form or do a month distribution model like DeepOnion that would be awesome!

[harvw]

How would existing XRB holders claim their Stone?

[derickonfire]

How would existing XRB holders claim their Stone?

I've been reading and following along here, I'm sure it will be obvious when distribution happens.

For now, just watching development and waiting for a place that I can contribute my assistance.

[CoinMenX]

when does website release?

[jayoz]

How do I join the testnet?

[Mr.Y]

Could we have more details out, like when we plan to launch website, social channels, public mainnet etc.
Please also suggest if any contribution required from community.

[Yeuph]

How do I join the testnet?

Testers have already been selected.

[witch]

How long is it possible to donate?

And the distribution plan is fixed? So donators will receive 30% of the supply?

[Yeuph]

How long is it possible to donate?

And the distribution plan is fixed? So donators will receive 30% of the supply?

Donations are still open; though they will be closed "soon".

felixando felt that that distribution method was the fairest way to make Stone globally available to everyone.  As of now it appears to be fixed.

[felixando]

How long is it possible to donate?

And the distribution plan is fixed? So donators will receive 30% of the supply?

Donations are still open; though they will be closed "soon".

felixando felt that that distribution method was the fairest way to make Stone globally available to everyone.  As of now it appears to be fixed.

Hello community, after deep thought, the 9th of Feb  8PM GMT will be the final date of the donation period, just under ~2 weeks, which should coincide perfectly inline with the testnet release, thank you.

Thank you all for the abundance of positive email's, i will reply to the majority shortly once i receive a small break from coding in the data structure algorithm with DAG cross-check zkSNARKs duration mannerism. For the non-technical, in short, i'm attempting to shorten the zkSNARK's tx.



felixando