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Author Topic: TiPS (aka FedoraCoin) already has working anonymous transactions. Why no fuss?  (Read 2622 times)
chris200x9
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February 21, 2014, 04:28:16 PM
 #21

Because fedoracoin's anonymous feature is very simplistic and relies on a third party. It's basically no different than those bitcoin services where you send them your coins and the pass them on so there is no direct link between you and the other party. So by clicking that box you are sending your coins to a centralized third party that you must trust, because they could just as easily keep your coins and they'd never reach their destination. 

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February 21, 2014, 07:58:59 PM
 #22

Because fedoracoin's anonymous feature is very simplistic and relies on a third party. It's basically no different than those bitcoin services where you send them your coins and the pass them on so there is no direct link between you and the other party. So by clicking that box you are sending your coins to a centralized third party that you must trust, because they could just as easily keep your coins and they'd never reach their destination. 

This. The kind of anonymous transactions that the community are looking for don't rely on a central authority. In fact, having a central authority for anything goes against one of the main points of cryptocurrency.
That said, TiPS is a much better coin since the community takeover, and I expect the value to rise accordingly, once the investors and crypto community get up to speed.
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February 21, 2014, 08:21:26 PM
 #23

who is this third party that does this anonymous transactions?
poornamelessme
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February 21, 2014, 08:40:58 PM
 #24

Besides the 3rd party issue, I also question whether anonymous transactions are actually a big deal to begin with. Sure, it's nice, but for a currency meant to be used for micro-transactions, is it really a big deal for someone to know (or not know) who sent 1/10th of a penny? Due to so many billions of coins out there, it's also not like Tips will ever be worth much, so from an investor standpoint, it's sort of... bleh...

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February 21, 2014, 08:41:22 PM
 #25

The problem is that fedora just sounds way too old already. Any coin over 3 weeks old is just game over. Even DOGE with all its might is slowly losing steam.  

Another problem is that the name of the coin is tips which implies you can only tip using this coin in other words you can't use it for your daily purchases. I don't understand why some coins have a theme or subject. Much useless. Very coin.

The coin has only been out a couple months.  Most people want long-term profits, not pump and dump schemes where they end up being the bag holder.  The new coins hit the exchanges and are dumped for a quick profit.

TiPS is a micro-payment option, which is desperately needed in the crypto world.  Judge the coin on its features.  Don't contribute hyperbole.  I think a coin with innovative technology and solid foundation is far more important than a cool name.

got the same thoughts!

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profall
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February 21, 2014, 10:22:47 PM
 #26

who is this third party that does this anonymous transactions?

Someone who set's up a mixing node, which consist of 2 different servers that talk to each other (preferably in separate countries). There is a transaction fee for using anonymous transactions, the node gets these transaction fees. People say its centralized, however once you get numerous people using the anonymous transaction feature you are going to have a lot of people that setup nodes to collect fees as an alternative to mining.

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February 22, 2014, 05:18:08 AM
 #27

who is this third party that does this anonymous transactions?

Someone who set's up a mixing node, which consist of 2 different servers that talk to each other (preferably in separate countries). There is a transaction fee for using anonymous transactions, the node gets these transaction fees. People say its centralized, however once you get numerous people using the anonymous transaction feature you are going to have a lot of people that setup nodes to collect fees as an alternative to mining.

Same as TOR with entrance and exit nodes, only that unfortunately in this case entrance and exit nodes are the same?
Couldnt they just mimic TOR's system where one mixing node sends the coins to the next and so forth in order to get a couple of them between you and your destination?
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February 22, 2014, 06:01:56 AM
 #28

Glad the OP started this thread.
I've been watching Tips for a few days now wondering why there is little trading activity. Everything about the coin is attractive and the community is involved. What's not to like?
Certainly is a hidden gem. Could it be the new Doge?

I don't own any yet but I do see a lot of potential.


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February 24, 2014, 01:35:26 PM
 #29

Looks like there is some fuss now. Shocked
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