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Author Topic: [ANN] [SFR] SaffronCoin | Orion: Decentralized Cross-Crypto Mail - India  (Read 52456 times)
saffroncoin
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July 13, 2014, 03:04:57 PM
 #141


Thanks Jean for posting it on the local forum!
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July 16, 2014, 01:29:36 AM
 #142

Hey guys, we are pleased to say that our SFRBit has just been successfully tested. We tested it by sending some amount to an exchange.

There is some final cleaning up of the code and some final testing left. After that we will start work on SFRSend, our method to anonymize transactions by bouncing the transaction.

We will have 2 versions of SFRSend. We don't know what to name it as of yet. But the normal version would function as any normal anonymity send feature. Another version would be even more anonymous since u wouldn't know the recipient's address. You can anonymously send SFR to that person only by knowing his/her alias. Thanks to vipin for this suggestion.
But for this version of anonymity, you need to activate SFRMS in your wallet and choose an alias so it is paired with your SFR address.

More detail once we start working on it.

We could have the next wallet release this Weekend if everything goes well!

There is another very unique feature that we have thought of that would be an asset for many SFR users. The development time for this is a bit more so this won't be included in the upcoming wallet but would very well be in the one after this.

This is the screenshot of the SFRBit client :

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July 16, 2014, 11:25:00 AM
 #143

We will be including a tiny feature too that would be helpful to a few people.

Some of you might send screenshots of your wallet to others. But you might not want your balance and transactions to be displayed. So you would edit your screenshot and then send it to someone. To minimize this effort, now with the click of a button, all your balances and your transactions will be hidden and replaced with a text "CLOAKED". It would also be useful if you do not want snooping eyes over your shoulder especially when you use SFRMS or check the tweetbox and not worrying about people around u having a look at your "stack" in public places such as offices.

Many of us wouldn't require this. But some would. This is also a "light" feature so it wouldn't increase the size of the wallet by a great deal.
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July 16, 2014, 08:42:51 PM
 #144

Coins-e have added us to their voting list.

Please vote : https://www.coins-e.com/voting
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July 17, 2014, 02:13:13 AM
 #145

This is a mock of the SFRSend client.

We are providing 2 versions to anonymize transactions. This is a brief overview of how it will work :

1st one is SFRSend. It works by first breaking down your amount into 3 equal smaller amounts. These 3 smaller amounts will be sent to 3 separate random addresses. You need to choose the bouncing cycles before using SFRSend. By default it is set to 1. The more the cycles, the more difficult it is to trace your transaction but would also send your amount to your destination at a much slower rate. After bouncing on multiple nodes, the 3 separate amounts will join into 1 amount and reach your destination from a random address.

2nd one is SFRSend+. This provides even more anonymity and privacy. If you wish to receive SFR from someone, you do not need to give your SFR address to that person. Just ask for his/her SFR alias. If you have used SFRMS in your previous beta wallet, you would know that you can choose an alias and pair your existing SFR address with it. This is done so that you do not have to give out your SFR address to the world. Your alias would be the only thing that you would need to give out to the public. If you do not have an SFR alias right now, no probs you can always make one in the new wallet. Detailed instructions on setting it up would be given at the upcoming wallet release.
SFRSend+ is also even more faster. You do not need any cycles for this. Everything else remains the same as SFRSend.

We could probably have this ready by this Weekend!

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July 18, 2014, 04:52:19 AM
 #146

Hello,
A few days back we told you all that we would develop a unique feature for a future wallet release. I would like to update our Roadmap now and include this. This would not be included in this upcoming release but could very well be in the one after this.

A few days back I had a PM sent by someone who wanted to buy huge amounts of SFR at a single price and if anyone was willing to sell. A thought then struck me about providing a platform where buyers and sellers meet independent of any exchange and decide their own prices. On exchanges you won't have that huge volume to buy/sell at 1 particular price.
So we thought of providing a built-in escrow service handled by us. Buyers/Sellers can set their own prices. A bit similar to localbitcoins.com. All this can be done within your wallet. Our wallet is known to do some pretty awesome stuff and this would be the icing on the cake!

We were thinking of what to call this. We then came up with the name, "SFRDirect". It basically means connecting a buyer and seller for 1 huge order directly.

Would like to know your views on this name as well as this feature!

Another feature that some of the members on IRC thought of and which could be really useful is "SFRPay". You can buy SFR using PayPal directly from your wallet.



One long term feature that we would like to discuss is a "Donation" button into the wallet for various charitable organizations and Trusts around the World. With the help of you all, we could partner with many organizations around the world and provide any sort of help we can for those in need.

We would like to change the way cryptos are looked at. Most cryptos barring maybe 4-5 are all traded with a mindset of buy low sell high. Eventually everybody wants to sell at som point.
After some thinking and discussion, we decided upon all of these features and we feel that by including all this, SFR would indeed do the job what crypto-currencies were originally drafted out to do i.e. provide an alternate, secure, anonymous form of payment for goods/services or basically anything that you could buy with cash rather than be just a buy low sell high coin.

In a few days time we will have all 3 Roadmaps ready i.e. short, medium and long term so that you can get an idea of where we are going.

Also what do u guys think about all of us having a Google hangout and getting to know each other some time. Some of u have supported us right from the start even during our lows and would like to thank you all for not letting go of the handle! I guess this could provide some transparency.
It would be nice if we could integrate the hangout into the wallet. Lol.  Grin We may try to.

So would like to know your thoughts on all this and SFRDirect because that is a near time feature.

Regards
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July 18, 2014, 06:59:23 AM
 #147

Hello,
A few days back we told you all that we would develop a unique feature for a future wallet release. I would like to update our Roadmap now and include this. This would not be included in this upcoming release but could very well be in the one after this.

A few days back I had a PM sent by someone who wanted to buy huge amounts of SFR at a single price and if anyone was willing to sell. A thought then struck me about providing a platform where buyers and sellers meet independent of any exchange and decide their own prices. On exchanges you won't have that huge volume to buy/sell at 1 particular price.
So we thought of providing a built-in escrow service handled by us. Buyers/Sellers can set their own prices. A bit similar to localbitcoins.com. All this can be done within your wallet. Our wallet is known to do some pretty awesome stuff and this would be the icing on the cake!

We were thinking of what to call this. We then came up with the name, "SFRDirect". It basically means connecting a buyer and seller for 1 huge order directly.

Would like to know your views on this name as well as this feature!

Another feature that some of the members on IRC thought of and which could be really useful is "SFRPay". You can buy SFR using PayPal directly from your wallet.



One long term feature that we would like to discuss is a "Donation" button into the wallet for various charitable organizations and Trusts around the World. With the help of you all, we could partner with many organizations around the world and provide any sort of help we can for those in need.

We would like to change the way cryptos are looked at. Most cryptos barring maybe 4-5 are all traded with a mindset of buy low sell high. Eventually everybody wants to sell at som point.
After some thinking and discussion, we decided upon all of these features and we feel that by including all this, SFR would indeed do the job what crypto-currencies were originally drafted out to do i.e. provide an alternate, secure, anonymous form of payment for goods/services or basically anything that you could buy with cash rather than be just a buy low sell high coin.

In a few days time we will have all 3 Roadmaps ready i.e. short, medium and long term so that you can get an idea of where we are going.

Also what do u guys think about all of us having a Google hangout and getting to know each other some time. Some of u have supported us right from the start even during our lows and would like to thank you all for not letting go of the handle! I guess this could provide some transparency.
It would be nice if we could integrate the hangout into the wallet. Lol.  Grin We may try to.

So would like to know your thoughts on all this and SFRDirect because that is a near time feature.

Regards
Good work! SFRDirect is a good choice of names

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July 18, 2014, 07:00:47 AM
 #148

Thanks! Looking for forward to meeting u all on 27th!
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July 20, 2014, 02:50:34 AM
 #149

Hey guys, we are pleased to announce that SFRSend has been successfully tested for 2 cycles now. Sent some coins "anonymously" to Bittrex  Tongue. Bittrex is usually slow to accept transactions. Even normal deposits take some time to show up on Bittrex. But to other wallets, the transaction time is normal as designed.

1 anonymous bouncing cycle would take about 3-4 mins for your amount to reach your destination (On Bittrex, much longer. It took about 10-15mins).

We are keeping a max of 5 cycles. We suggest for best of speed+efficiency, use 3 cycles. Ofcourse this is for those that use SFRSend over SFRSend+.

With SFRSend+, you don't have to choose any cycles. It is a fixed amount that works well with an alias.

I do not know much about how other coins use anonymity except DRK but I feel our anonymity is unique. This is why -

Biggest uniqueness! Privacy matters! You do not want to give out your SFR address to anyone because you do not want them to look up your address on the blockchain and find out how much stack you have. So just give them an SFR alias which you choose by activating the Saffron Messaging Service (SFRMS)! Another good thing is that your sender does not need to have an SFRMS alias. You can just ask any person on the planet who has an SFR address to send you coins without disclosing your address!

I know that few coins break down the amount you are sending into smaller pieces. But they don't break it down in random amounts and combine everything in the end. SFRSend/SFRSend+ breaks your amount into random smaller amounts and transmitted to the next bouncing cycle. So in case if someone knows your sending amount and really wants to spend time tracing your transaction, it would be very difficult. The amount will not remain the same and it is broken into random smaller amounts and distributed across various random addresses. In the end all the smaller amounts are combined into one and sent to your destination. Other coins that break down amounts, do not combine it in the end and send it to the destination in small amounts. This is not helpful if you wish to do anonymous payments. Because the payment gateway would not accept broken amounts and only the whole amount for the product/service you wish to buy.

Finally, we are the only ones to provide multiple anon methods. You all know how community centric we are and we do not want to implement only 1 type of stuff because "one man's food is another man's poison". We showed this by keeping both the types of wallets - MultiTasking and the Classic Wallets. Also we are continuously receiving downloads for both the types of wallets. So it is best to let people decide what to use. The same reason why we wanted to use multiple algos for the coin because to target various people and let them choose what they want to mine! And now, we are giving an option for both kinds of anon and let our users choose which they like. But the basic anon - SFRSend may be stripped out after some time once SFRSend+ is more widely used only because SFRSend tends to bloat the blockchain a bit more and in no way is it better than SFRSend+.


We are developing the SFRSend+ UI now and that is what is left to be tested. Will post a screenshot once we have that!
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July 20, 2014, 07:44:09 PM
 #150

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July 21, 2014, 05:48:37 AM
 #151

This is the mock of the client for SFRSend+ . You only use the section in the center for SFRSend+; recipient's alias and the amount.
Some have asked the kind of anonymity that we are using. Many think that those cycles are "mixing" cycles. No we are not using the mixing method. Mixing mixes your funds with someone else and transmits it. This kind of bloats the blockchain. We are implementing a method that doesn't bloat the blockchain much and anonymizes transactions efficiently.
We are using Bouncing cycles. Your amount first gets broken down into random smaller pieces and sent to random addresses on multiple nodes. Those small amounts bounce from node to node according to the number of cycles that you have provided. Once all the bounces are complete, those smaller amounts are then combined and sent to your destination from an entirely random and remote address.

SFRSend+ works the same but you do not need to specify the amount of cycles and the recipient's address. Just input the recipient's alias and enter the amount to send. The same process follows where the amount is broken down and bounced on nodes.

Do note that there will be some extra transaction fees for using anon. This is done to prevent unnecessary anonymizing which would end up bloating the blockchain.

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July 21, 2014, 07:26:46 AM
 #152

How are you converting SFR to BTC? Is it coming from your BTC wallet (and exchange based on current rate) or have you done a exchange integration and convert using it?

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July 21, 2014, 07:28:13 AM
 #153

How are you converting SFR to BTC? Is it coming from your BTC wallet (and exchange based on current rate) or have you done a exchange integration and convert using it?

Using an API from an exchange to get the current market rate.
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July 21, 2014, 07:31:45 AM
 #154

How are you converting SFR to BTC? Is it coming from your BTC wallet (and exchange based on current rate) or have you done a exchange integration and convert using it?

Using an API from an exchange to get the current market rate.

Let me ask this differently: After getting current rate from exchange, what's the next step?

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July 21, 2014, 07:34:46 AM
 #155

How are you converting SFR to BTC? Is it coming from your BTC wallet (and exchange based on current rate) or have you done a exchange integration and convert using it?

Using an API from an exchange to get the current market rate.

Let me ask this differently: After getting current rate from exchange, what's the next step?

We have a SFRBit server that checks the current rate and transfers the appropriate SaffronCoins to a secure location and sends equivalent bitcoins to the destination the user specified.
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July 21, 2014, 09:16:01 AM
 #156

Got it. That's what I was asking. This is actually better than using exchanges for this purpose because exchanging it through exchanges may not strengthen the SFR value against BTC since everyone's selling SFR.

I guess you have kept a fat wallet for this SFRbit :-)

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July 21, 2014, 05:03:06 PM
 #157

Got it. That's what I was asking. This is actually better than using exchanges for this purpose because exchanging it through exchanges may not strengthen the SFR value against BTC since everyone's selling SFR.

I guess you have kept a fat wallet for this SFRbit :-)

Yea also on exchanges it causes prices to drop drastically. But then even we sell those SFR ultimately because we need to replenish the BTC.

At present I am keeping limitations on the max amount that can be sent. I am not very rich to hold a lot of BTC. So right now i have kept some to initiate this conversion. But soon i will be looking at some external exchanges. I will try asking Unocoin if they can provide an API and host the SFR daemon just to handle this conversion. Also BTC kept is not actually spent because the SFR received will be converted back to BTC for us soon enough to not have huge price fluctuations. Once this becomes quite popular, we need a huge BTC wallet. So its best to partner with many exchanges to make this possible. It is also a very essential feature. You can buy stuff on ebay with SFR even if you don't have BTC.
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July 21, 2014, 05:12:18 PM
 #158

Got it. That's what I was asking. This is actually better than using exchanges for this purpose because exchanging it through exchanges may not strengthen the SFR value against BTC since everyone's selling SFR.

I guess you have kept a fat wallet for this SFRbit :-)

Yea also on exchanges it causes prices to drop drastically. But then even we sell those SFR ultimately because we need to replenish the BTC.

At present I am keeping limitations on the max amount that can be sent. I am not very rich to hold a lot of BTC. So right now i have kept some to initiate this conversion. But soon i will be looking at some external exchanges. I will try asking Unocoin if they can provide an API and host the SFR daemon just to handle this conversion. Also BTC kept is not actually spent because the SFR received will be converted back to BTC for us soon enough to not have huge price fluctuations. Once this becomes quite popular, we need a huge BTC wallet. So its best to partner with many exchanges to make this possible. It is also a very essential feature. You can buy stuff on ebay with SFR even if you don't have BTC.

Thanks. I see that you've thought through this quite a bit. If Unocoin can help you, nothing like it.

Now, a different question: how many megahashes scrypt and how many gigahashes sha256 is required to solve a block in every 1 hour? I know it varies but an aprox figure will help a lot of miners to get an idea.

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July 21, 2014, 05:14:24 PM
 #159

You can try this : https://cointweak.com/calculator/coin/sfr/sha-256

It is a profitability calculator.

You can check for various algorithms on it.
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July 22, 2014, 03:29:42 AM
 #160

Hey guys we have now successfully tested SFRBit by actually using SFR as a payment option where Bitcoins are accepted!

Purchased a Gift Card for testing from gyft.com that uses the Bitpay payment gateway Tongue

Here are the shots :













We can confirm that SFRSend, SFRSend+ and SFRBit are succesfully tested. We now have to change the UI for activating SFRMS and bit window resizing bug which was there in the earlier version. Once all this is done, we will post the exact time of wallet release v2.3.1
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