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Author Topic: [ANN][SUPERCOIN]First P2p Decentralized Trustless Anonymous Wallet Coming Soon  (Read 465817 times)
Coinster2014
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August 12, 2014, 05:13:03 AM
 #9821

Some questions...

1) If you only use 1 mixer and 1 guarantor, what if I have so many nodes that I can send you a modified multisig transactions that actually sends the coin to another address instead?   What's to guarantee that my coins won't get stolen in the process in that scenario?   The sender will lose because 2 of 3 belongs to the bad nodes?

2) If sender is only sending it to the mixer and then to the receiver, I can just analyze within X blocks for the same amount of coins and I will have a pretty high confidence level that the transaction belongs to the sender/receiver, especially if the amount is pretty unique like 312.91871298?
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supercointeam
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August 12, 2014, 05:17:43 AM
 #9822

Up Up Up! SuperCoin The only crypto can FLY!
brookefinancial
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August 12, 2014, 05:20:29 AM
 #9823

Sorry to be the bearer of bad news, but XC already has a p2p decentralized trustless anon wallet released.

Please change thread title.

I don't know much about #XC but Supercoin's approach with multisig transaction is very innovative and never seen before for trustless system.



XC uses multisig as well... So yes, it has been seen before.

I don't know enough about the "tech" behind #XC to start a debate on this matter especially that I'm coming from the world of finance and not much of a geek on crypto. I do understand the whitepaper so far and I have been very impressed by the dev.

There are over 200 crypto with great promising tech but what makes Supercoin attractive right now is the releasing of "SuperSend Trustless" the mix of very fast transaction (2-3 minutes) and the multisig trustless system.

At least this what the market is smelling recently with increase in trading volumes and higher price activity. You can take a look at this graph from the dev:


3D Printing and Bitcoin, that's pretty cool.
supercointeam
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August 12, 2014, 05:27:39 AM
 #9824

Looks very good, Supercoin is on the right track.

Please start the next multipool payout before the beta test begins. Wink
I'll ask this from pool manager.
supercointeam
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August 12, 2014, 05:32:02 AM
 #9825

Wink Grin


SUPERCoin technology that no one can REJECT.
marseille
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August 12, 2014, 05:35:26 AM
 #9826

Sorry to be the bearer of bad news, but XC already has a p2p decentralized trustless anon wallet released.

Please change thread title.

I don't know much about #XC but Supercoin's approach with multisig transaction is very innovative and never seen before for trustless system.



XC uses multisig as well... So yes, it has been seen before.

It is a joke, just because they said they used multisig without any details? they use multisig tx in the point to point transfer? excuse me? do you understand how it works?

Any coin can use the name, but without the details, it does not prove anything. Are you going to show me a log that XC actually uses a trustless system?

    ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄   
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.trade.io.
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.Join the Trading Revolution.
Coinster2014
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August 12, 2014, 05:38:42 AM
 #9827

Some questions...

1) If you only use 1 mixer and 1 guarantor, what if I have so many nodes that I can send you a modified multisig transactions that actually sends the coin to another address instead?   What's to guarantee that my coins won't get stolen in the process in that scenario?   The sender will lose because 2 of 3 belongs to the bad nodes?

2) If sender is only sending it to the mixer and then to the receiver, I can just analyze within X blocks for the same amount of coins and I will have a pretty high confidence level that the transaction belongs to the sender/receiver, especially if the amount is pretty unique like 312.91871298?




I can't help but noticed that you completely ignored my tech questions and just kept on posting useless pics.   I am starting to get really bad vibes about this coin if you can't even answer basic questions about the merit of your anon feature....
supercoindev
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August 12, 2014, 05:53:02 AM
 #9828

Some questions...

1) If you only use 1 mixer and 1 guarantor, what if I have so many nodes that I can send you a modified multisig transactions that actually sends the coin to another address instead?   What's to guarantee that my coins won't get stolen in the process in that scenario?   The sender will lose because 2 of 3 belongs to the bad nodes?

2) If sender is only sending it to the mixer and then to the receiver, I can just analyze within X blocks for the same amount of coins and I will have a pretty high confidence level that the transaction belongs to the sender/receiver, especially if the amount is pretty unique like 312.91871298?




I can't help but noticed that you completely ignored my tech questions and just kept on posting useless pics.   I am starting to get really bad vibes about this coin if you can't even answer basic questions about the merit of your anon feature....

Be patient man, you posted questions for a few mins, and you expect dev waiting there watching for questions all the time?

Let me answer your questions here:

1. First of all, another node will have no idea on what is the escrow multisig address. It is not a public address. It is created on the fly with randomly selected public keys from each of the participating nodes. Other nodes will not receive any info on the public keys. The system does broadcast any messages. Messages are point-2-point and not broadcasted.

Second, all communicated private messages are signed with each party's private key, and verified on arriving by the public key of that party. So another node can not forge a message from a participating party, not to say he has no way to get the message and know the id of transactions etc at all. So what you described the scenario is not valid.

2. You can't analysis these for sure. The first step we send as one amount, the amount can easily be splitted into multiple amounts as we did in our phase-1 mixer scenario (amount splitted into random 2-4 parts). Moreover, there are many similar amount sent around. All escrow amounts are similar amounts, all you see is that 3-4 similar amounts sent around and you can't trace them as in/out addresses are not linked at all. It is also easy to split the sending amount (and all fund transfer in the transaction) into "canonical" values (meaning standard like 100, 50, 25, 10, 5, 2, 1 etc). These enhancements are very easy to do.

Supercoin - 1st true peer-to-peer decentralized trustless anonymous wallet using multisig technologies!
supercointeam
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August 12, 2014, 05:55:25 AM
 #9829

@Coinster2014 It seems you got your answer.  Grin
supercointeam
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August 12, 2014, 05:56:46 AM
 #9830

Community, Our designer will be ready with new design in about 24 hours. So we will have new Supercoin thread and self moderated.

We can better handle FUD created by mainly other pseudo anonymous coin supporter communities.
brookefinancial
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August 12, 2014, 05:59:41 AM
 #9831

Some questions...

1) If you only use 1 mixer and 1 guarantor, what if I have so many nodes that I can send you a modified multisig transactions that actually sends the coin to another address instead?   What's to guarantee that my coins won't get stolen in the process in that scenario?   The sender will lose because 2 of 3 belongs to the bad nodes?

2) If sender is only sending it to the mixer and then to the receiver, I can just analyze within X blocks for the same amount of coins and I will have a pretty high confidence level that the transaction belongs to the sender/receiver, especially if the amount is pretty unique like 312.91871298?




I can't help but noticed that you completely ignored my tech questions and just kept on posting useless pics.   I am starting to get really bad vibes about this coin if you can't even answer basic questions about the merit of your anon feature....

Be patient man, you posted questions for a few mins, and you expect dev waiting there watching for questions all the time?

Let me answer your questions here:

1. First of all, another node will have no idea on what is the escrow multisig address. It is not a public address. It is created on the fly with randomly selected public keys from each of the participating nodes. Other nodes will not receive any info on the public keys. The system does broadcast any messages. Messages are point-2-point and not broadcasted.

Second, all communicated private messages are signed with each party's private key, and verified on arriving by the public key of that party. So another node can not forge a message from a participating party, not to say he has no way to get the message and know the id of transactions etc at all. So what you described the scenario is not valid.

2. You can't analysis these for sure. The first step we send as one amount, the amount can easily be splitted into multiple amounts as we did in our phase-1 mixer scenario (amount splitted into random 2-4 parts). Moreover, there are many similar amount sent around. All escrow amounts are similar amounts, all you see is that 3-4 similar amounts sent around and you can't trace them as in/out addresses are not linked at all. It is also easy to split the sending amount (and all fund transfer in the transaction) into "canonical" values (meaning standard like 100, 50, 25, 10, 5, 2, 1 etc). These enhancements are very easy to do.


Very quick and detailed answer dev, keep up the good work. It's hard to work on such a complex algorithm and trying to answer people every 15 minutes.

I personally can't answer specific question because my specialty is finance, not tech. This is good to hear from you.


3D Printing and Bitcoin, that's pretty cool.
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August 12, 2014, 06:04:09 AM
 #9832

Very important message to make.

You guys know I post a lot of charts around but this time I have something to say. This weekend we have witness several crash on the largest crypto markets: Litecoin, Cloakcoin, Blackcoin, Nxt, etc. A lot of crypto have been lagging since.

I would like to point your attention to the recent price activity in SuperCoin indicating that a new leadership is coming and we might see a lot of money coming into this market really soon.

I have studied a lot of charts and cryptocurrencies this weekend and I have many reasons to believe that we could see a price increase to 6000-7000 satoshis very quickly. The days building up to "SuperSend Trustless" and the Aug. 25th release date could bring much more investors after that sending the price above 15 000 satoshis.

Trade at your own risk, crypto is a very dangerous market but there is some fundamental strengths in Supercoin right now.




 Supercoin is coming to be the true leader of other privacy oriented crypto currencies.
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August 12, 2014, 06:12:03 AM
 #9833

Did you know noone could give this much multisig in details so far, TRUE trustless system is the first time created and explained truly by Supercoin!
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August 12, 2014, 06:28:29 AM
 #9834

You can ask others which seems to be decentralized:

What is true trustless system? What are multisigs? Why they could not explained yet this much clearly before? Just think about this ...
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August 12, 2014, 06:42:33 AM
 #9835

You can ask others which seems to be decentralized:

What is true trustless system? What are multisigs? Why they could not explained yet this much clearly before? Just think about this ...
They can not explain because they simply do not know what is Multisig or trustless system at all. They are cheat.
Maybe it's good for them to learn new things from supercoin.  Grin
good job dev @ be proud yourself.

Free SIGNs giving everyday. Be part, don't miss!. SrmjM2Q8BK8S92TmLP7V3j3YNVJSY3KZ6G
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August 12, 2014, 06:52:30 AM
 #9836

We do not afraid of publishing this much details with public. Nobody could explained yet what is true decentralized anonymity yet.

Because we know there is not real good developers out there can duplicate our technology. Though we give them this much details. This takes their months or years to do. They will now use our concepts to keep hyping their communities.  But lies are not sustainable long.  Grin

Soon or late Supercoin will lead the market with its superior technology.

We need help form you, get us known by unheard others.
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August 12, 2014, 07:19:15 AM
 #9837

We do not afraid of publishing this much details with public. Nobody could explained yet what is true decentralized anonymity yet.

Because we know there is not real good developers out there can duplicate our technology. Though we give them this much details. This takes their months or years to do. They will now use our concepts to keep hyping their communities.  But lies are not sustainable long.  Grin

Soon or late Supercoin will lead the market with its superior technology.

We need help form you, get us known by unheard others.

ok future Milioners i need a :
100 words press release please help !!!
A logo - i have this
And link to official site- this also


please help with that beause i am grtting a free small advertise fom cointelegraph Smiley
They have price for pro article and interview and many other things but the advertising package is 1,5 btc  Undecided
So i will ask them what can they do for us for 0.30 because its all we have.what do you think???

Captain Positive Cool
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August 12, 2014, 07:20:51 AM
 #9838

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.





Best coin ever! Best tech ever! Best devs ever! Altcoins beware, SUPERCOIN is comming!  Grin Grin

SUPERCOIN - Unique Most Advanced Anonymous Trustless Multisig Technology - https://bitcointalk.org/index.php?topic=875651.0
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August 12, 2014, 07:30:19 AM
 #9839

Contacted coinsource also and i am waiting Cool

Captain Positive Cool
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August 12, 2014, 07:31:21 AM
 #9840

I added a console command "getlastanontxinfo" to get the info for the current or last p2p trustless anonymous transaction, so user can see the status and the log of the current or last (if finished) anonymous tx. From my tests, each trustless transaction takes about 30-40 seconds to complete. Considering the many steps involved, this is a pretty good speed.


Supercoin - 1st true peer-to-peer decentralized trustless anonymous wallet using multisig technologies!
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