BTCD is no more

[threecats]

I was discussing the teleporting with someone and their point was that for a large corporation, doing payments through an off-blockchain intermediary like coinbase or bitpay essentially performs the same obfuscating function as teleporting. To what extent is this argument flawed?

[1713539948]

1713539948

[1713539948]

1713539948

[1713539948]

1713539948

[jd1959]

I have noticed that BTCD wallet is consuming a lot of bandwidth, I'm using more that a gig a day way more than any other wallet I'm running or have run.......is this normal?

Jon

[cloudboy]

I was discussing the teleporting with someone and their point was that for a large corporation, doing payments through an off-blockchain intermediary like coinbase or bitpay essentially performs the same obfuscating function as teleporting. To what extent is this argument flawed?

Don't those companies just do btc -> fiat though?

what if you want btcd->btcd? (or crypto->crypto in general)

[threecats]

I was discussing the teleporting with someone and their point was that for a large corporation, doing payments through an off-blockchain intermediary like coinbase or bitpay essentially performs the same obfuscating function as teleporting. To what extent is this argument flawed?

Don't those companies just do btc -> fiat though?

what if you want btcd->btcd? (or crypto->crypto in general)

well, i would guess the question applies to any off blockchain intermediary. wiley coyote biodev ltd wants to use 50000 btc on a nanotech push lasting 3 months and doesn't want elmer fudd labs to see the r&d expenditures, plankton wafer purchases, etc.  If it all moves through a couple coinbase wallets, how do outside eyes see it?

[jeezy]

What's the current rough estimate to mine 1 BTCD / day? Is it still around ~5000? I guess it fluctuates depending on the net.

[jl777]

I was discussing the teleporting with someone and their point was that for a large corporation, doing payments through an off-blockchain intermediary like coinbase or bitpay essentially performs the same obfuscating function as teleporting. To what extent is this argument flawed?

Don't those companies just do btc -> fiat though?

what if you want btcd->btcd? (or crypto->crypto in general)

well, i would guess the question applies to any off blockchain intermediary. wiley coyote biodev ltd wants to use 50000 btc on a nanotech push lasting 3 months and doesn't want elmer fudd labs to see the r&d expenditures, plankton wafer purchases, etc.  If it all moves through a couple coinbase wallets, how do outside eyes see it?

does coinbase use the bitcoin blockchain?
if so, over time a statistical correlation between wiley ltd's big expenditures and big payments on the blockchain will be correlated. Remember the bitcoin address space is actively being deanonymized and so it is just a matter of time before it is all like having your name attached to a bitcoin address.

Also, how much do you estimate it would cost to bribe a coinbase employee to divulge acct info? If not money, other means can be used to get this data. It is a centralization point that wiley ltd does not control at all.

Any company like coinbase is also subject to arbitrary govt search and seizure, but if all this is acceptable to wiley coyote ltd, then he doesnt have to use teleporting, which will cost him a whopping, nothing for the first year.

James

[jl777]

What's the current rough estimate to mine 1 BTCD / day? Is it still around ~5000? I guess it fluctuates depending on the net.

I think closer to 7500

[MuFaza]

I was discussing the teleporting with someone and their point was that for a large corporation, doing payments through an off-blockchain intermediary like coinbase or bitpay essentially performs the same obfuscating function as teleporting. To what extent is this argument flawed?

Well I'm sure it does create some obfuscation when exchange of funds and bitcoins are done within exchange. Althou it is totally centralized and there are real risks of thefts (gox?) and information leaks.

What I'm saying is that we can't really see what each player are doing inside exchange from blockchain point of view. Teleport however utilizes decentralized exchange (instadex) that hides transactions between sender and receiver. When comparing to centralized exchange outsiders can't even see that company has sent or received bitcoins from exchange. They can only see balance increasing or decreasing.

Can someone correct if I misunderstood something.

edit: James was faster again

[jl777]

I had a fragmented day with trying to get a second server stable. some strange things going on, anyway still ongoing and I hate to have an unproductive day, so I finished up the ciphers encrypting/decrypting of files. I now have debugged the ability to nest any of the 18 ciphers, in any order, to any depth (literally limited by memory) and these ciphers will use the privkeys for the addresses you specify.

"ciphers":[{"skipjack":"RUHAPSpJDHeFgFd1J34WHJ69TpkMBsWtBt"},{"aes":"RUFrkuGAUuv8wsoiNwCvXenjxAfAgsTdAt"},{"aes":"RVHigwQquJR9cA6R6M143H6ZiPep7S9Udt"}]

so something like the above will apply skipjack, then aes and another aes. Without knowing which addresses were used to encrypt seems pretty safe from being cracked. with a possible 18 different ciphers and N levels deep, there is 18 ^ Nth possible cipher sequences, and each one linked to some address. Even if the attacker got a hold of your wallet and knows all the possible addresses you used, toss in another dimension of to multiply the 18 ^ Nth power.

So this is probably way overkill and the default aes using your pubaddr is probably just fine for most people most of the time. Again all this info is only protected by your wallet password, so make sure to make it strong and have good backups.

Now I have brute force verified functions:

uint8_t *save_encrypted(char *fname,struct coin_info *cp,uint8_t *data,int32_t *lenp);
uint8_t *load_encrypted(int32_t *lenp,char *fname,struct coin_info *cp);

So I still have to actually use these to save and load telepods, but those are all in one nice place and it shouldnt take so long. Cross off one of the things left on the todo list. Now the extra layer of onion routing and randomly picking a peer to bounce M of N fragments is about the last "big" thing left and that is pretty much just using the existing tools that are already working.

So, now that I made some tangible progress, back to battling painful build issues. It seems there is some system dependency in my code so it works on my Mac and my server, but having a hard time on a different older version of Ubuntu. Have a debug setup so painful it might be, I have to slog through it. Now that I dont have to deal with fees for other coins, that saves some days of dealing with changepods and the big potential for contamination. It is possible to solve, just messy and time consuming, so I am glad it can be skipped for a while

James

[threecats]

Ok James & Mufaza, thanks for the replies : -)

[jl777]

I was discussing the teleporting with someone and their point was that for a large corporation, doing payments through an off-blockchain intermediary like coinbase or bitpay essentially performs the same obfuscating function as teleporting. To what extent is this argument flawed?

Well I'm sure it does create some obfuscation when exchange of funds and bitcoins are done within exchange. Althou it is totally centralized and there are real risks of thefts (gox?) and information leaks.

What I'm saying is that we can't really see what each player are doing inside exchange from blockchain point of view. Teleport however utilizes decentralized exchange (instadex) that hides transactions between sender and receiver. When comparing to centralized exchange outsiders can't even see that company has sent or received bitcoins from exchange. They can only see balance increasing or decreasing.

Can someone correct if I misunderstood something.

edit: James was faster again

Actually there is a lot of difficulty to even know who controls a telepod. Of course when it is first created, the creator is known. Unless it is created by withdrawing directly from an offshore exchange or mixing service. Let us assume it is known that you created a telepod.

Now, especially in a big company where trusted teleports can be used, what division has the telepod after a week and ZERO cloning events on the blockchain? The finance division funds the telepods using the publicly known address. Now telepods scatter internally throughout the company (not using instantDEX, just using the privacy servers built into BTCD core). Or is it all in the control of the super secret R+D group, or was it used to pay a vendor who trusts the company, at least until the end of the month when they tally up the accounts receivable, or did the CFO lose it all in a poker game?

There is really no way to know where telepods transfered via trusted teleports are and even the normal teleports that are cloned, who did the cloning? In fact, which cloning is linked to wiley coyote's original set of telepods? Assuming there are hundreds of other companies/people teleporting at the same time, it all gets mixed up and being a company they can take a week to transfer the amount so one weeks worth of clonings provides the anon set for the company's funds.

No govt agency, no private detective agency, or bribery will be able to trace back the telepods if they cannot even tell who is controlling the telepod! Assuming the telepods were transmitted using M of N multisend, then even an attacker with enormous Internet packet monitoring abilities will just get a close to random noise chance of guessing where the funds were sent.

So, while using human weaknesses like bribery could chip away at the privacy, realistically the amount of effort has gone up by orders of magnitude, you might as well try to mine BTC on your PC. Unlike ring signatures whose anon set is set to around 10 and is already causing large blockchain bloat, Teleport anon set grows as the usage grows. Without limit. If

James

P.S. Oh, and all this privacy will only require some minimal deposit of BTCD that is staking. Not sure what the objection is once the risk of software bugs is eliminated.

[fmiboy]

I have noticed that BTCD wallet is consuming a lot of bandwidth, I'm using more that a gig a day way more than any other wallet I'm running or have run.......is this normal?

Jon

No, it is not.

maybe in next release devs can add traffic monitor
https://github.com/dogecoin/dogecoin/blob/master/src/qt/trafficgraphwidget.cpp

[bitkokos]

James, is it possible to run the wallet on a raspberry pi for staking?
I am not a linux guy, so, if it's possible I don't know how to do it.

If it's possible, this will run on 5 watts.

[jl777]

James, is it possible to run the wallet on a raspberry pi for staking?
I am not a linux guy, so, if it's possible I don't know how to do it.

If it's possible, this will run on 5 watts.

not sure the specs, probably needs something a bit more powerful after my enhancements
for the current version it might fit, not sure
only way to know for sure is to try it

[bitkokos]

James, is it possible to run the wallet on a raspberry pi for staking?
I am not a linux guy, so, if it's possible I don't know how to do it.

If it's possible, this will run on 5 watts.

not sure the specs, probably needs something a bit more powerful after my enhancements
for the current version it might fit, not sure
only way to know for sure is to try it

Do you own a rpi ?

[jl777]

I have noticed that BTCD wallet is consuming a lot of bandwidth, I'm using more that a gig a day way more than any other wallet I'm running or have run.......is this normal?

Jon

No, it is not.

maybe in next release devs can add traffic monitor
https://github.com/dogecoin/dogecoin/blob/master/src/qt/trafficgraphwidget.cpp

there are a few rogue nodes that somehow got a hold of a test version that had debug packet sending and this is probably causing higher load
so if anybody downloaded from the dev repository, that is bad version, please get new one or just run the official release

thanks

[jl777]

James, is it possible to run the wallet on a raspberry pi for staking?
I am not a linux guy, so, if it's possible I don't know how to do it.

If it's possible, this will run on 5 watts.

not sure the specs, probably needs something a bit more powerful after my enhancements
for the current version it might fit, not sure
only way to know for sure is to try it

Do you own a rpi ?

no

[bitkokos]

James, is it possible to run the wallet on a raspberry pi for staking?
I am not a linux guy, so, if it's possible I don't know how to do it.

If it's possible, this will run on 5 watts.

not sure the specs, probably needs something a bit more powerful after my enhancements
for the current version it might fit, not sure
only way to know for sure is to try it

Do you own a rpi ?

no

OK, I will ask a friend to help me install it on a rpi and let you know, but, I am not sure when. Probably within this week.

[jl777]

Solved the pesky build issue!

Now we can resume adding features to the integrated BTCD/libjl777 and continue with windows and mac QT builds. Independently I will progress on finalizing the onion routing, network stuff and of course getting teleport 100% solid
the really good news about the deposit plan is that BTC teleport is almost ready for testing

James

[bitkokos]

Solved the pesky build issue!

Now we can resume adding features to the integrated BTCD/libjl777 and continue with windows and mac QT builds. Independently I will progress on finalizing the onion routing, network stuff and of course getting teleport 100% solid
the really good news about the deposit plan is that BTC teleport is almost ready for testing

James

I think TOR is monitored