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Author Topic: [ANN] MITOSYS: New Encrypted Communications Cryptocurrency  (Read 11518 times)
Zumbi (OP)
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November 07, 2013, 11:41:25 PM
Last edit: November 11, 2013, 01:33:17 AM by Zumbi
 #1

Update: (Nov 12, 2013): Published Mitosys proposal in Bitsharestalk.org forum. Bitshares is a product of Invictus Innovations who specializes in the creation of Cryptocurrencies and other Decentralized Solutions. If this other thread gets quality attention and followup in Bitsharestalk forum most probably we will be publishing only there for practical purposes.

Update: (Nov 11, 2013): Created Trello Dashboard
for Mitosys Development. Currently we need help on polishing the Draft, identifying the necessary code that must be developed to implement this, set the proper bounties according to market and attracting the right developers (who can co-work and claim bounty together if they want to)

Update: (Nov 11, 2013): Bounty of 28+ BTC for the following:
- Creation of a Mini-Blockchain code and basic client implementation (20 BTC)
- Zero confirmation-transactions (2.5 BTC) - comment: I believe this has been solved by Eli-Ben Sasson with SCIP, although I do not know if his implementation is Open Source or not-
- Re-mining of lost blocks (2.5 BTC) -comment: This I do not know if it is necessary-



-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

Hi guys,

Due to a good suggestion of my friend ripper234 (Ron Gross) I'm doing this short but sweet.

A new concept is in the making. And the project is moving forward.

WHO:

I'm a Bitcoin enthusiast who has been following developments in the shadows for quite a time.
Zumbí was a brave Afro-brazilian slave who became a warrior. He trained other fellow slaves to fight and escape opression by living in free colonies. Hence, my nom-de-guerre. But I am rather peaceful and believe free people and free markets are what unleashes human creativity and progress.

WHAT:

MITOSYS: A new cryptocurrency that is mined through a proof of work which is the capability of relaying encrypted transmissions over the established internet, or through informal parallel peer-to-peer networks.

HOW:

You help other people transmit encrypted data, you earn credit. Data will be temporarily stored in a dynamic blockchain that prunes itself to keep the size down, and account balances will be stored in a separate distributed archive called the account tree. Mobiles will be fundamental and the main target of this distributed network.

WHY:

- - To get rid of government spying and its armed forces, the oligopolic telecom carriers, ISPs and big data companies that provide them with all our information.
- - To bring affordable and secure communication to the masses.
- - To give people a store of wealth derived of a basic human need which is to communicate freely and universally.
- - To provide a deeper meaning to mining, which will be not only acquiring the right to store financial information that cannot be destroyed, but also acquiring the right of having ones information securely delivered in time.

WHERE:

Development will take place in bitcointalk.org and github, plus distributed encrypted backup copies of all work. Maybe even copy information in Bitcoin's blockchain.
Main markets are USA, Brazil, Russia, India and China.

WHEN: Right now!

I'm recruiting a peaceful army of skilled, resourceful, practical idealists who can carry this forward together.

For more information see: https://bitcointalk.org/index.php?topic=327186

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November 08, 2013, 01:18:45 AM
 #2

Good stuff!

I have had a few initial talks with Zumbi about his idea.
Sadly I do not have time to go over the details, but I will give my limited feedback and summary.

The goal is a worthy one, and I'm only aware of one other project with a similar but not identical goal - cryptosphere. I think that anyone looking for opportunities in the Bitcoin space, and identifies with Zumbi's ideals, this project is worth a serious analysis.

I will be following the project, and if time permits, contribute however I can.

I think you ought to add a quick comparison of this project to bit-message, to help readers place this in the ecosystem.

Also I don't think you should link to a post in the newbie forum for further details ...
Instead I'll just copy your original more detailed post to Google Drive.

I've set the editing option to "anyone with the link" - so you all can comment and edit the document.
Ideally this stuff should migrate to github just like we're doing with the Mastercoin Spec.

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November 08, 2013, 01:19:29 AM
 #3

Oh, and I repeat my suggestion to choose a name and include it in the title of this thread.
If nothing else, it helps people easily find this thread via Google if they remember the name.

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November 08, 2013, 01:30:59 AM
 #4

I like this idea, I like a Crypto-Currency based on a service. A few things,

1) will the system have checks and balances to control inflation/deflation?
    - like things to make it so that if it becomes extreamly popular that the system isn't just pooping out tons and tons of coins?

2) I've got to wonder if the information would be that much more secure if it was held in a public ledger which in theory could be cracked.
    ( I may have misunderstood that though.)


Maybe an idea to add into it all.

- A system where people could sell of CPU/Ram power directly into the system and other users could buy it, like directly from the client.
   ( so that when there was no data that needed to be transmitted then the users could still be working in the network and the coins could still be      gained by workers with out them having to be minted, keep inflation down as well.)

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November 08, 2013, 01:36:54 AM
 #5

Posted to reddit.

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November 08, 2013, 01:45:55 AM
Last edit: November 08, 2013, 01:59:39 AM by Zumbi
 #6

Dear ripper234:

Thank you for your continued support and mentoring. You are a big help to us.

Regarding Mitosys and Bitmessage:

The most obvious comparison that is not related to technical, but fundamental issues, is that people relay encrypted messages for free in Bitmessage, while paying for electricity, hardware and internet service.

I would like to ask someone to copy and paste the whole text in a Google Doc because since I believe privacy is an underrated asset, that will help me keep mine in the meantime until this goes past mainstream.


Dear Brandon1000:

1) In the draft that I wrote I described that its essential to have a limited supply and a difficulty curve to control emission, in order to have a currency which is a store of value.
What is the optimal way of designing an emission rate/difficulty curve? We don't know yet but collective brainstorming will bring the answer

2) Regarding the information being on a public ledger: The information is encrypted (much like PGP garble you see before decrypting it) and only the intended recipient will hold the private key to decrypt data, either the sender or the recipient could pay Mitosys coins in order to get the message through.

That extra suggestion regarding a CPU/RAM market is great, most likely better to implement it after the secure communication protocol is done, since its the most urgent need for billions of people worldwide. Thanks!

Everything even the concepts are in alpha mode and most probably there are things which are not logical however this is why this is being shared with all the community, in order to perfect it.

We look forward to further feedback from you all!
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November 08, 2013, 01:53:38 AM
 #7

I would like to ask someone to copy and paste the whole text in a Google Doc because since I believe privacy is an underrated asset, that will help me keep mine in the meantime until this goes past mainstream.

This is not going to work.

You can retain your privacy through various means ... but if you setup a dedicated Google account for this purpose and only use it for stuff that are public anyway, you are not really relinquishing any privacy.

I think you need to learn to be private about private things, but public about public things, and let Google have your TOR IP and public docs ... it doesn't really constitute a loss of privacy as long as you don't use it for anything important.

Not relying on cloud infrastructure would be a hinderance. In the future you can disentangle yourself and Mitosys from these sort of services, but for now adopting them will just speed you up tremendously.

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November 08, 2013, 01:59:29 AM
 #8

BTW I will be muting this thread for a few days due to lack of time. I'll check back later...

Ron

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November 08, 2013, 08:28:32 AM
 #9

On our Facebook group someone mentioned gli.ph as a potential competitor.
I don't know them well enough, but I doubt they have the same vision ... but worth checking them out in more detail anyway.

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November 08, 2013, 12:23:16 PM
 #10

Gli.ph is very cool however I do agree that there are many fundamental differences with Mitosys:

Gliph is an anonymizing business which enables users to do many things, for example send an already existing crypto currency (Bitcoin) to other users without revealing your identity, connect with others without revealing your email and personal information until you are ready to do so.

It is a central entity, which is also a central point of failure, and connects with other centralized entities such as Coinbase or BIPS. Whether if encrypted or not, their information is not distributed and could be subject to government attacks/seizures (they are a visible registered business entities under the laws of a state)

Mitosys business model is that of building a decentralized autonomous corporation (featured in Bitcoin Magazine by Vitalik Buterin) and not of old concept of government sanctioned corporations. With the current recent technology, specially the one Satoshi enabled, we don't need the permission of governments to start a corporation.

Moreover, Gliph doesn not want to create its own cryptocurrency. Bitcoin's underlying asset, or the backing as to say, is the need for people to store financial information (debits and credits) between anony-pseudonymous parties and coins are the right to store that information in a decentralized indestructible database (the blockchain), created by solving crypto puzzles and/or relaying transactions.

Albeit all the opression and persecution going on in the world, I believe the need for decentralized/distributed encrypted and affordable communications is bigger than that of storing financial information off the government-sanctioned financial grid.

Because we have reached a point in history where people cannot afford to save, we live in a state of perpetual global financial crisis because governments force, induce and train people to use currency based on debt, which can be inflated at will by only one party, and is not a store of value.

And I believe Mitosys and its backing can act both as a much needed service stored in a form of cryptocoin, which is fungible, durable, divisible, portable and  a store of value.

Would be interested to getting this into the hands of Jon Matonis, EFF and other prominent individuals who share this vision, if you can help me out Smiley
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November 08, 2013, 04:38:45 PM
 #11

Would be interested to getting this into the hands of Jon Matonis, EFF and other prominent individuals who share this vision, if you can help me out Smiley

I sent this to Jon, I don't know anyone at the EFF. Try approaching them via their regular channels.

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November 08, 2013, 06:09:52 PM
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-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

Thank you for your kind help Ron! Appreciate it!

I would like to inform that Bitcoin Magazine has shown interest and we are in preliminary talks to get the word out.

Hopefully, if this project is plausible and has the potential to become very successful, others will also join it.
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November 09, 2013, 07:15:41 AM
 #13

Glad to hear ... I hope this will take off soon.
Together all these projects will bring about the singularity soon ... the rate of changes is accelerating Smiley

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November 09, 2013, 11:52:58 AM
 #14

"As the Americans learned so painfully in Earth's final century, free flow of information is the only safeguard against tyranny. The once-chained people whose leaders at last lose their grip on information flow will soon burst with freedom and vitality, but the free nation gradually constricting its grip on public discourse has begun its rapid slide into despotism. Beware of he who would deny you access to information, for in his heart he dreams himself your master"

    Commissioner Pravin Lal, "U.N. Declaration of Rights"
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November 09, 2013, 12:34:29 PM
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what news about this  Huh
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November 09, 2013, 04:14:22 PM
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This sounds really interesting!
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November 10, 2013, 02:58:09 AM
 #17

Everyone,

If this doesn't ring an alarm bell in your head, then I don't know what else will.

They make us buy cellphones and internet service to produce and harvest the same data that is used not only to restrict our freedoms but to get into our minds and know how we can pay even more for what they are selling.
And no, we don't get a penny on it.

Enter the age of Digital Slavery (whether willing or unwillingly doing so)

Since when is a device that quickly goes into record-fast obsolescence like a smartphone can be worth half an ounce of Gold?! 
(USD 600)

We are living in the Matrix. Now more than ever.

Take the red pill.

http://online.wsj.com/news/articles/SB10001424052702304682504579157780178992984

Web Giants Threaten End to Cookie Tracking
Balance of Power in Ad Industry at Stake as Google, Microsoft Seek to Control Web Tracking

"In the past month, Microsoft Corp. MSFT +0.75% , Google Inc. and Facebook Inc. FB -0.06% have said they are developing systems to plug into and control this river of data in ways that bypass the more than a thousand software companies that place cookies on websites.

The moves could radically shift the balance of power in the $120 billion global digital advertising industry—and have ad technology companies scrambling to figure out their next play.

The Silicon Valley trio, which produce browsers, email services and operating systems used by billions across many devices, are positioned to potentially learn far more about people's activities than cookies ever could. Today, a diverse ecosystem of companies places cookies on websites to track people through browsers; now the giants see an opportunity to get into tracking themselves."
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November 10, 2013, 03:12:24 AM
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Quote
Data will be temporarily stored in a dynamic blockchain that prunes itself to keep the size down, and account balances will be stored in a separate distributed archive called the account tree.
Would I be correct to assume you are going to use concepts from the mini-blockchain project? Please be aware that I have a 28BTC bounty for anyone who can provide a basic proof-of-concept client which uses a mini-blockchain and account tree (doesn't need all the extra messaging functionality).

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November 10, 2013, 03:14:15 AM
 #19

Quote
Data will be temporarily stored in a dynamic blockchain that prunes itself to keep the size down, and account balances will be stored in a separate distributed archive called the account tree.
Would I be correct to assume you are going to use concepts from the mini-blockchain project? Please be aware that I have a 28BTC bounty for anyone who can provide a basic proof-of-concept client which uses a mini-blockchain and account tree (doesn't need all the extra messaging functionality).

Glad to see you involved bitfreak!

Did you review get a chance to review http://bitcoin.stackexchange.com/questions/12014/is-the-finite-blockchain-idea-secure  ?

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November 10, 2013, 03:21:33 AM
 #20

Yah, if you scroll down you'll see I provided an answer which expands on Rosenfeld's answer.

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