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Author Topic: [ANN][SBC] From Death Comes Life – The Rebirth of StableCoin - URGENT UPDATE  (Read 179548 times)
JohnyCrypt
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January 09, 2014, 07:29:04 PM
 #1341

Had a few nice jumps on Cryptsy's SBC/BTC market late yesterday. Seems like we're making slow but steady progress!

SBC: sevWq6vmXH8HMVV1g3VRQkkwE2hoheSor3
XPM: ALzpeufTnkLgRppe7cCBXQN2oVcghpDsKn
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bravestar
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January 09, 2014, 07:38:00 PM
 #1342

Is the coin mixing process in SBC currently active? Or in development? If i understand correctly how the SBC coinmixer works it basically means this currency wont be decentralized.

This project called Zerocoin http://zerocoin.org/ seems to aim to provide what Stablecoin is providing in terms of anonymity but they can accomplish it without a centralization. However, they are not a coin but rather a protocol that gets added ontop of another coin (like Mastercoin) so they need a partner it seems.

Maybe SBC & Zerocoin could work together considering how they have similar(identical?) goals? If this could make SBC anonymous AND truly decentralized then I think we would have a winner.



Zerocoin actually is a bit less secure, as all that needs is somebody to figure out the private key, which at least one person will know at launch. Stablecoin, if I'm not mistaken, mixes up the private key regularly, and an attacker would need physical access to the key nodes.


Also to that point, if i'm understanding correctly it will still be decentralized inherently, as anyone can setup there own nodes to faciliate the mixing, so you dont have to use sbc's official nodes if you dont want to, similar to mining as your not forced to use btcguild or ghash.io you use w/e pool you feel like or make your own if you want.

Lastly to answer your question the mixing service is in the development stage, and recently artos has requested beta testers for this service so you'll be able to see for youself once we get an announcement for when closed beta opens up.

Signup- https://bitcointalk.org/index.php?topic=402095

So, is there a chance we would see mining where you get coins to run a mixing service node? Perhaps adding transaction fees to mixing to pay whoever is running the mixing node and to place priority over those with higher transaction fees?

That'd be a very good way to cope with what will happen when all coins are minted. I have been skeptical of how the transaction fee to cost to mine ratio will play out and I've been thinking that transaction fees would have to go up significantly higher.
samo
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January 09, 2014, 08:42:10 PM
 #1343

Is the coin mixing process in SBC currently active? Or in development? If i understand correctly how the SBC coinmixer works it basically means this currency wont be decentralized.

This project called Zerocoin http://zerocoin.org/ seems to aim to provide what Stablecoin is providing in terms of anonymity but they can accomplish it without a centralization. However, they are not a coin but rather a protocol that gets added ontop of another coin (like Mastercoin) so they need a partner it seems.

Maybe SBC & Zerocoin could work together considering how they have similar(identical?) goals? If this could make SBC anonymous AND truly decentralized then I think we would have a winner.



Zerocoin actually is a bit less secure, as all that needs is somebody to figure out the private key, which at least one person will know at launch. Stablecoin, if I'm not mistaken, mixes up the private key regularly, and an attacker would need physical access to the key nodes.


Also to that point, if i'm understanding correctly it will still be decentralized inherently, as anyone can setup there own nodes to faciliate the mixing, so you dont have to use sbc's official nodes if you dont want to, similar to mining as your not forced to use btcguild or ghash.io you use w/e pool you feel like or make your own if you want.

Lastly to answer your question the mixing service is in the development stage, and recently artos has requested beta testers for this service so you'll be able to see for youself once we get an announcement for when closed beta opens up.

Signup- https://bitcointalk.org/index.php?topic=402095


So, is there a chance we would see mining where you get coins to run a mixing service node? Perhaps adding transaction fees to mixing to pay whoever is running the mixing node and to place priority over those with higher transaction fees?

That'd be a very good way to cope with what will happen when all coins are minted. I have been skeptical of how the transaction fee to cost to mine ratio will play out and I've been thinking that transaction fees would have to go up significantly higher.


Good assessment, that seems the logical next step as ppl need to at the very least cover the cost of running a node and this would also be an incentive  to do so.
GröBkAz
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January 09, 2014, 08:56:25 PM
 #1344

I'm really glad that the development of this project is going well. Every time I take a look, something is happening.


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GUTS
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  BTC ANN
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zavtra
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January 09, 2014, 08:57:44 PM
 #1345


Good assessment, that seems the logical next step as ppl need to at the very least cover the cost of running a node and this would also be an incentive  to do so.


So basically a reward system for setting up a node?

Maybe we should allow people to collect a 2% monthly interest on their wallet for running a mixing node, or something along these lines?

Cryptedge - The world's first operational Altcoin-hedgefund
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chocobo
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January 09, 2014, 09:40:18 PM
 #1346

So stablecoin is version 1.4 now right? Not 1.5?
zavtra
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January 09, 2014, 09:40:46 PM
 #1347

So stablecoin is version 1.4 now right? Not 1.5?

No, it's 1.5

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cobrabyte
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January 09, 2014, 11:25:55 PM
 #1348

Stablecoin *is* 1.5

http://sbc.blockexplorer.io/ - saRcSpjGxGWk9mGwFSpNTRbwjDvwLmqSkz
Thrillho
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January 09, 2014, 11:34:50 PM
 #1349

So stablecoin is version 1.4 now right? Not 1.5?

Yes.

Huh? Wha?

It's 1.5 Chocobo.

Artos should probably update the OP, eh?

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mamucik666
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January 10, 2014, 08:29:44 PM
 #1350

We need a new wallet when the mixing engine comes out.
Or at least have the logo in the blank space  Roll Eyes

EDIT:


 Grin
Ximp
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January 10, 2014, 09:20:06 PM
 #1351

We need a new wallet when the mixing engine comes out.
Or at least have the logo in the blank space  Roll Eyes

EDIT:


 Grin

What are you running on, Windows 95?
GröBkAz
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January 10, 2014, 09:26:16 PM
 #1352

We need a new wallet when the mixing engine comes out.
Or at least have the logo in the blank space  Roll Eyes

EDIT:


 Grin

What are you running on, Windows 95?

It like this minimalistic win98 style. My win7 looks equal.


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         ███          ███
           ███      ███
             ███  ███
               ████

GUTS
    ███
███
███
███
███
███
███
███
███
███
███
███
███
███
   
smart-ticket protocol for events
live product with market traction!
    ███
███
███
███
███
███
███
███
███
███
███
███
███
███
   
  BTC ANN
  WEBSITE
  BLOG
   
  SANDBOX
  WHITEPAPER
  BOUNTY
   
mamucik666
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January 10, 2014, 09:26:52 PM
 #1353

What are you running on, Windows 95?

Actually, that's Windows 7. I just changed the theme because Aero is using some GPU and makes my system even more laggy (even though it's still almost unresponsive at intensity 18).
Ximp
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January 10, 2014, 09:36:41 PM
 #1354

What are you running on, Windows 95?

Actually, that's Windows 7. I just changed the theme because Aero is using some GPU and makes my system even more laggy (even though it's still almost unresponsive at intensity 18).

Ah, ok.
zavtra
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January 10, 2014, 09:44:27 PM
 #1355

Hey guys, Coolstoryteller has set up a very nice SBC gambling site.

Here it is:

www.stabledice.com

Make sure to save whatever URL shows up for you, as it will store your wallet on that same URL.

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Ximp
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January 10, 2014, 10:02:42 PM
 #1356

Hey guys, Coolstoryteller has set up a very nice SBC gambling site.

Here it is:

www.stabledice.com

Make sure to save whatever URL shows up for you, as it will store your wallet on that same URL.

The site isn't allowing me to enter any bids...
mamucik666
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January 10, 2014, 10:19:03 PM
 #1357



Fee's are now 0% http://sbc.coinarmy.com

Started mining here today and I absolutely love it. If only we had more miners...
Touma
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January 10, 2014, 10:29:11 PM
 #1358

Hey guys, Coolstoryteller has set up a very nice SBC gambling site.

Here it is:

www.stabledice.com

Make sure to save whatever URL shows up for you, as it will store your wallet on that same URL.

The site isn't allowing me to enter any bids... http://img27.imageshack.us/img27/8154/5q90.png
The problem is being resolved: http://forums.stablecoin.net/index.php?topic=217.0

Join the StableCoin community on: http://forums.stablecoin.net
StableCoin Development Fund: shQpTvLDsgCURkfqyBuCjL79aqYwti2FEJ
grizmoblust
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January 11, 2014, 11:38:50 PM
 #1359

Will OP deliver the promises?  I still haven't heard news for beta mixing service. I would be a sad doge if he never deliver the promises and made me waste my time, and energy mining stablecoin.

Sheldor333
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January 12, 2014, 12:28:26 AM
 #1360

Why do people need day to day updates. It's not needed. It's a waste of time. If you asked me he shouldn't start if for a week or more. No news are necessary in the meantime, nothing happens that fast. Be patient.

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