[ANN] TiPS ★ Kimotos Gravity Well ★ World first coin anonymizer launched!

[invisibel]

Qs:

1) Does either party (sender or receiver) have to be running Tor?   ( if so, that seems like a barrier to use. )

2) What happens if either party is not running Tor?

3) Any chance of send-by-mixing becoming the default?   This would greatly improve fungibility of the coins.

4) I would suggest creating new APIs rather than adding new params.  The reason is that many people are writing tools that interact with multiple coins and pretty much expect the bitcoin RPC API.    And unfortunately named params (json 2.0) are not supported yet.

1) Nope, only the mixing nodes have to use Tor, the users themselves can use the network as usual

2) They're still secure, the senders transaction data is encrypted with the mixing node public key, so only the mixer can decrypt it. The receiver gets the coins from the mixing nodes sending address, so there's no way to trace it back to the sender.

3) Maybe, right now there's a 2% fee charged on top of mixing transactions though to support mixing nodes and give them an incentive to operate, I'm not sure if many people would like a 2% fee on top of all their transactions.

4) I had the same thought about tools being incompatible, maybe separate commands would be better like you said. I was thinking of just adding the params to the end of the commands but then you'd have to fill out each parameter, adding new commands sounds easier to manage though (and less chance of accidentally not doing what you intended).

[btc4ever]

No, people will not like a 2% fee on all transactions.  And if privacy is not on by default, most people will not use it.   The privacy enhancing tools that have been most succesful are the ones that are always on, automatic.   SSL is probably the best example.

Also, if all coins are mixed, then that greatly improves the untraceability of the coins that NEED to be mixed, as they are no longer a special, interesting case and higher volumes make it harder to analyze by amounts, timing, etc.

So basically, I believe that the first coin to get perfect fungibility by default will be a real winner.   Maybe it can be Fedora, or maybe it will be ZeroCoin, or DarkCoin, or AnonCoin, or something unheard of yet.

Anyway, I'm very glad to see progress in this space.

3) Maybe, right now there's a 2% fee charged on top of mixing transactions though to support mixing nodes and give them an incentive to operate, I'm not sure if many people would like a 2% fee on top of all their transactions.

[chisefu]

This is massive, in fact, it's keeping me up past my bedtime just thinking about it.

[infofront]

How could I could about creating a mixing node?

[DarkVenu]

Also forgot to mention, we will likely be using the gravity well algo in the next public update, unless anyone has any major issues with it. From what I've seen coins that use the gravity well algo no longer have trouble with multipools.

So before the gravity well is implemented get mining! The difficulty is still low right now so you can make quite a lot of TIPS while helping the network out too!

Gravity well algo doesn't  reset the current Fedora, right?
Thanks, and good work.

[invisibel]

No, people will not like a 2% fee on all transactions.  And if privacy is not on by default, most people will not use it.   The privacy enhancing tools that have been most succesful are the ones that are always on, automatic.   SSL is probably the best example.

Also, if all coins are mixed, then that greatly improves the untraceability of the coins that NEED to be mixed, as they are no longer a special, interesting case and higher volumes make it harder to analyze by amounts, timing, etc.

So basically, I believe that the first coin to get perfect fungibility by default will be a real winner.   Maybe it can be Fedora, or maybe it will be ZeroCoin, or DarkCoin, or AnonCoin, or something unheard of yet.

Anyway, I'm very glad to see progress in this space.

Those are some good points, I'll have to have a think about them. There could be a way that we can make every FedoraCoin user/daemon into a mixing node, hmm...

How could I could about creating a mixing node?

The way I'm thinking of would require node operators to sign up with the dev. team and be closely monitored to make sure that their service is safe, secure and untraceable, this could change though.

Gravity well algo doesn't  reset the current Fedora, right?
Thanks, and good work.

Nope, the algo change would just result in a hard fork, meaning everybody would have to update before a certain date (probably a week after the public release) otherwise they'd be mining on the wrong block chain.

[forzendiablo]

TIPS for forzen EPP5DqyRbc32RwYF8zKC15228T2rzyJZha
make your life coolozen!

[hamiltino]

Whens the coin mixing feature going to be released?

[invisibel]

Whens the coin mixing feature going to be released?

A beta is already available on the IRC, I would post it here but I'd rather testers come on IRC so that they can let us know if anything goes wrong.
A web-client to join us is at https://kiwiirc.com/client/irc.freenode.net/#team-tips

[hamiltino]

Whens the coin mixing feature going to be released?

A beta is already available on the IRC, I would post it here but I'd rather testers come on IRC so that they can let us know if anything goes wrong.
A web-client to join us is at https://kiwiirc.com/client/irc.freenode.net/#team-tips

Sorry i meant the full release. Not the beta client. I'm looking to invest but i am unsure when it will be released.

Also hows the beta client been going?


irc doesn't work. message about a ddos.

[invisibel]

Sorry i meant the full release. Not the beta client.

Also hows the beta client been going?

irc doesn't work. message about a ddos.

Ah, well it should be ready in the next few days, it'll also bring the gravity well difficulty algo with it so the next update will be required for people to update to.

Mixing service beta is working well so far, haven't received a single report of missing coins so it seems to be running pretty smoothly, although only a small amount of transactions have been made with it so far, we need more testers to help out.

And yeah kiwiirc have been having some troubles lately, I can still connect fine with it though.

[CatKiwi]

The beauty is that now that the difficulty and coin mixing features are official and definite it doesn't matter whether it takes 2 weeks or two days - The price will go up, demand will go up, dumpers will hold. Even if the coin is hit by multipools again before the update they would be damn fools to dump a hundreds of litecoins of TIPS at market value when it will be worth twice that shortly. Check out the rise to 60, barely any real resistance. We then have some large walls to knock down but if the coin rises from 49 to 60 then those with large pockets seeking profit will do the hard work for us.

Things are looking very good for Fedoracoin!

[hamiltino]

Sorry i meant the full release. Not the beta client.

Also hows the beta client been going?

irc doesn't work. message about a ddos.

Ah, well it should be ready in the next few days,

In that case i am going to invest.

[r3wt]

any proof of this supposed coin mixing feature?

[invisibel]

any proof of this supposed coin mixing feature?

Join the IRC, download the beta client and try mixing some coins with it

Code is also available on IRC so you can see how the coin mixing works, I'll be committing it to github shortly

[DarkVenu]

any proof of this supposed coin mixing feature?

Go to IRC channel ,is in beta !!!

[r3wt]

any proof of this supposed coin mixing feature?

Join the IRC, download the beta client and try mixing some coins with it

Code is also available on IRC so you can see how the coin mixing works, I'll be committing it to github shortly

no github, no download.

[mdawg]

The beauty is that now that the difficulty and coin mixing features are official and definite it doesn't matter whether it takes 2 weeks or two days - The price will go up, demand will go up, dumpers will hold. Even if the coin is hit by multipools again before the update they would be damn fools to dump a hundreds of litecoins of TIPS at market value when it will be worth twice that shortly. Check out the rise to 60, barely any real resistance. We then have some large walls to knock down but if the coin rises from 49 to 60 then those with large pockets seeking profit will do the hard work for us.

Things are looking very good for Fedoracoin!

What exchange are you looking at.  Both Crypsty and Coinedup stayed at a constant 49

[gg234]

great news

[jdebunt]

http://www.cryptoarticles.com/crypto-news/2014/2/2/coin-mixing-making-cryptocurrency-transactions-untraceable

A small article about coin mixing, and the fact you guys are beta testing it