Anyone got a fundamental reason for me to buy this coin over all the other similar coins?
Look on the previous page at post 3044. Download the paper and decide for yourself.
Is there a TL;DR version before I start?
No. Don't be lazy when money is involved.
Haha, good point!
Just read the Summary and a few pages. Interesting concept, though I am not yet sure if it is 100% trustfree!
There is a mathematical analysis in progress by former uni maths professor mthcl. Peer review will be necessary as well.
Yes, I welcome any and all critiques. I always make mistakes, so there is a chance I didnt find all of them. I need everybody to imagine they are a pirate with the treasure (telepod) and using common sense see if anybody can trick you or steal it from you without you finding out.
Teleport doesnt rely on fancy math that few people can understand, so any intelligent person should be able to grasp the fundamentals. It might take several readings and some quality time thinking about it, dont worry if at first it doesnt seem to make sense. When I first got hit with this idea last week, I at first didnt believe it would work, but while there were some super tricky parts (entry, exit, error handling) with public sources of telepods (direct withdraw from Chinese exchange, faucets, aged telepod vendors!, tradebots), anon card to fiat, and 3000 lines of code, I believe these weak spots are fully addressed.
It is like going to the airport. You are fully identified, no chance to avoid being detected (maybe you can pass off some false identity docs, but lets not count on that). Now you are in midflight and Teleport! you are somewhere else and someone else is in your spot. Once in hyperspace an arbitrary number of tx later, Teleport back into your seat, you exit the plane go through customs and identified all over again.
So you see the entry and exit from Teleporting is the key weakness, we need to have people/tradebots/companies that dont mind being identified to do this public showing. Everything in between is virtually untraceable. A giant attacker with nearly infinite resources to monitor all Internet traffic, analyze any unencrypted chatter you make, could certainly get some non-random correlations on you. However, my assessment is that it would be much cheaper for them to just put a physical surveillance on you. What that means is that only criminals have to worry about the big brother, like it should be. Normal people doing normal things should not have to worry that ALL of their internet usage is logged into a govt database. It is happening and most dont know this. Maybe its no big deal, or maybe you use the wrong phrase, it gets flagged and some events later you are in some govt holding cell answering questions to some govt worker who is convinced you are evil criminal.
Govt have way too much power. Money is very strong and not only do they just print it, they are trying to monitor every single use of it.
James
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