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Author Topic: [ANN][SUPERCOIN]First P2p Decentralized Trustless Anonymous Wallet Coming Soon  (Read 466186 times)
iram3130
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August 11, 2014, 06:57:33 PM
 #9761

Here is the 2nd part of the whitepaper, which gives a high level in-depth view of the trustless algorithm we use. Please refer to the part 1 if you need to understand some terms. Part 1 is here:
https://bitcointalk.org/index.php?topic=618552.msg8272890#msg8272890

==
The following diagram shows a high level description of the trustless system algorithm. It shows the “normal” case where everything goes as expected.




The next diagram shows the case where, after step 6, the Sender is not satisfied with the Mixer’s txid. This could happen if the Sender cannot verify Mixer’s transaction, or Mixer did not send enough funds to the destination. In which case Sender asks Guarantor to do the arbitration. The new scenario are marked in brown lines and explained in the diagram.



There are other possible scenarios, that we will describe in the next parts, where we will show details of the algorithm and steps. But from the above two cases you see why multisig is tightly linked with trustless system and how it creates a bonding among all parties where they have to follow the anonymous transfer rules.



Day by day, updates from developer team, I am trusting this coin more and more.
I also start accumulating more Super coins because it is really very cheap.
Soon everyone will going to regret why they did not bought on right time.

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brookefinancial
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August 11, 2014, 07:14:08 PM
 #9762

I wrote to cointelegraph too CryptoBull, you're not alone!

Edit: That would be awesome to have a Super Multi Pool Payment tomorrow, it's been 3 days and the hashrate has gone crazy!

This could bring more buyers if you guys buy thousands of super

Yes this is good idea


The hashrate is good but it can be much much better, 700mhs is not all that much. We need to have at least 2 ghs.
Come on miners, put some of the rigs on the multipool.

I know it was 170mh/s on friday night so I contacted someone, he brought it to 400mh/s, and someone came in yesterday too.

This is funny with crypto community, people are a bit lazy so they keep saying "lets go bring some miners" and then eat a bag of chips.

It's very easy to bring miners I'm sure everybody know at least 1 person. CryptoBull is working very hard, Supercoindev is very active, and the price is rising! This is very easy!

You can also tell them about 100% PoS. If they keep the Coins for 1 year they will have twice the amount of SUPER they mined.



3D Printing and Bitcoin, that's pretty cool.
Wizardskills
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August 11, 2014, 07:30:27 PM
 #9763

I wrote to cointelegraph too CryptoBull, you're not alone!

Edit: That would be awesome to have a Super Multi Pool Payment tomorrow, it's been 3 days and the hashrate has gone crazy!

This could bring more buyers if you guys buy thousands of super

Yes this is good idea


The hashrate is good but it can be much much better, 700mhs is not all that much. We need to have at least 2 ghs.
Come on miners, put some of the rigs on the multipool.

I know it was 170mh/s on friday night so I contacted someone, he brought it to 400mh/s, and someone came in yesterday too.

This is funny with crypto community, people are a bit lazy so they keep saying "lets go bring some miners" and then eat a bag of chips.

It's very easy to bring miners I'm sure everybody know at least 1 person. CryptoBull is working very hard, Supercoindev is very active, and the price is rising! This is very easy!

You can also tell them about 100% PoS. If they keep the Coins for 1 year they will have twice the amount of SUPER they mined.




Yep a strong mining pool will really add to the buy pressure. I have had my mining rig on the pool since the first 10 mins that it was opened. I have also just today convinced a pal of mine to put his mining PCs (10 * 280x) into the pool as well.

We desperately need the auto payment functions working on the pool though. This will give a constant buy pressure rather than having a big hit every 3- 7 days.

A tip is more than welcome if this post was helpful to you Smiley
Digibyte: D9ickuSyeExtYiUqe7P5gnbdeY87PTKAD6
brookefinancial
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August 11, 2014, 07:34:20 PM
 #9764

You're right Wizardskills the autopayment functions aims to more stable prices and constant buy order.

Right now if I look on every exchange the huge buy orders of SUPER are at 16-17-18K levels, vs. 10-11-12K levels last week.

If we have automatic payment (buyers) on the market this will be very positive for the trading activity.


3D Printing and Bitcoin, that's pretty cool.
supercointeam
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August 11, 2014, 07:36:31 PM
 #9765

I hope supercoin dev team will soon publish a roadmap, for both short term and long term
We are still working on it.
supercointeam
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August 11, 2014, 07:38:28 PM
 #9766

Still waiting on that last Bitcoin verification?
Find out the definition of speed with SuperCoin...
iram3130
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August 11, 2014, 07:39:35 PM
 #9767

I hope supercoin dev team will soon publish a roadmap, for both short term and long term

Developer working very good, and updating community regularly.
Now more what you want.

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supercointeam
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August 11, 2014, 07:40:39 PM
 #9768

I wrote to cointelegraph too CryptoBull, you're not alone!

Edit: That would be awesome to have a Super Multi Pool Payment tomorrow, it's been 3 days and the hashrate has gone crazy!

This could bring more buyers if you guys buy thousands of super

Yes this is good idea


The hashrate is good but it can be much much better, 700mhs is not all that much. We need to have at least 2 ghs.
Come on miners, put some of the rigs on the multipool.

I know it was 170mh/s on friday night so I contacted someone, he brought it to 400mh/s, and someone came in yesterday too.

This is funny with crypto community, people are a bit lazy so they keep saying "lets go bring some miners" and then eat a bag of chips.

It's very easy to bring miners I'm sure everybody know at least 1 person. CryptoBull is working very hard, Supercoindev is very active, and the price is rising! This is very easy!

You can also tell them about 100% PoS. If they keep the Coins for 1 year they will have twice the amount of SUPER they mined.




These are great days for mining SuperCoin indeed. Wise miners should stick with the pool, our direction is UP!
supercointeam
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August 11, 2014, 07:44:56 PM
 #9769

I wrote to cointelegraph too CryptoBull, you're not alone!

Edit: That would be awesome to have a Super Multi Pool Payment tomorrow, it's been 3 days and the hashrate has gone crazy!

This could bring more buyers if you guys buy thousands of super

Yes this is good idea


The hashrate is good but it can be much much better, 700mhs is not all that much. We need to have at least 2 ghs.
Come on miners, put some of the rigs on the multipool.

http://supermultipool.com/ offering great chance for miners to be part of growth, miners directly effecting buy power and increasing general morale in the community, very important role.
supercointeam
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August 11, 2014, 07:46:05 PM
 #9770

Are you worried about being found out by unwanted parties?
Find out the definition of anonymity with SuperCoin...
brookefinancial
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August 11, 2014, 07:49:05 PM
 #9771

Still waiting on that last Bitcoin verification?
Find out the definition of speed with SuperCoin...

LOL this is true, Bitcoin is useful for other things, speed is not its forte.

3D Printing and Bitcoin, that's pretty cool.
brookefinancial
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August 11, 2014, 08:13:45 PM
 #9772

@Supercointeam Have you guys started talking about automated payments on Super Multi Pool or you are concentring more on SuperSend Trustless?

3D Printing and Bitcoin, that's pretty cool.
some138
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August 11, 2014, 08:21:15 PM
 #9773

I hope supercoin dev team will soon publish a roadmap, for both short term and long term
We are still working on it.

This is great Smiley
some138
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August 11, 2014, 08:23:07 PM
 #9774

Are you worried about being found out by unwanted parties?
Find out the definition of anonymity with SuperCoin...


lol, this is good point. It is literally 1 min for SUPER vs 1 hr for BTC Grin
Grgechkapitalac
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Back to the real world


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August 11, 2014, 08:26:23 PM
 #9775

Are you worried about being found out by unwanted parties?
Find out the definition of anonymity with SuperCoin...


+1k

Supercoin small bagholder.
marseille
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August 11, 2014, 09:21:34 PM
 #9776

Are you worried about being found out by unwanted parties?
Find out the definition of anonymity with SuperCoin...


lol, this is good point. It is literally 1 min for SUPER vs 1 hr for BTC Grin
this is very true, lol

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timerland
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August 11, 2014, 09:36:00 PM
 #9777

Here is the 2nd part of the whitepaper, which gives a high level in-depth view of the trustless algorithm we use. Please refer to the part 1 if you need to understand some terms. Part 1 is here:
https://bitcointalk.org/index.php?topic=618552.msg8272890#msg8272890

==
The following diagram shows a high level description of the trustless system algorithm. It shows the “normal” case where everything goes as expected.




The next diagram shows the case where, after step 6, the Sender is not satisfied with the Mixer’s txid. This could happen if the Sender cannot verify Mixer’s transaction, or Mixer did not send enough funds to the destination. In which case Sender asks Guarantor to do the arbitration. The new scenario are marked in brown lines and explained in the diagram.



There are other possible scenarios, that we will describe in the next parts, where we will show details of the algorithm and steps. But from the above two cases you see why multisig is tightly linked with trustless system and how it creates a bonding among all parties where they have to follow the anonymous transfer rules.





excellent diagrams!

johnwest
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August 11, 2014, 09:38:15 PM
 #9778

Are you worried about being found out by unwanted parties?
Find out the definition of anonymity with SuperCoin...


lol, this is good point. It is literally 1 min for SUPER vs 1 hr for BTC Grin

We will see, how soon supercoin team will develop this and problem with community.
Our community not growing rapidly, we need to do something for that.

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newuser01
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August 11, 2014, 09:42:20 PM
 #9779

I was going to invest in this coin but..

is it pure PoS?
suppersz
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There is a day to be born, and another to die


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August 11, 2014, 09:45:56 PM
 #9780

I was going to invest in this coin but..

is it pure PoS?
Yes.

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