[ANN][TRUST] TRUSTplus [PoD5x2][BitTrex][Android][Shopify][Moderated]

[stafur]

It seems, the TrustCoin.co site doesn't work. I tried to watch papers.

According to the dev, that domain name was contested so the page had to move to:
http://trustplus.com/

[mitchellmint]

It seems, the TrustCoin.co site doesn't work. I tried to watch papers.

According to the dev, that domain name was contested so the page had to move to:
http://trustplus.com/

The domain has the same issue as many development projects.  The bounties were based on 400 satoshi BTC to Trust for TrustPlus.com... I have the domain in a contract for deed type agreement.

Most of the Development work and "experiments" will take place in the TrustPlus.co domain.  It currently has a splash page with Cryptonators Price on the index page.

[stafur]

It seems, the TrustCoin.co site doesn't work. I tried to watch papers.

According to the dev, that domain name was contested so the page had to move to:
http://trustplus.com/

The domain has the same issue as many development projects.  The bounties were based on 400 satoshi BTC to Trust for TrustPlus.com... I have the domain in a contract for deed type agreement.

Most of the Development work and "experiments" will take place in the TrustPlus.co domain.  It currently has a splash page with Cryptonators Price on the index page.

It sounds like this first page of this post needs to be updated. At least changing:
the link from http://trustcoin.co to http://trustplus.co/.

[Zorro23hu]

Thansk guys, the updated links are working.

[Nayto1]

there is a pool running?

[stafur]

there is a pool running?

Yeah, you can mine this coin at http://CoinKing.io
Since TRUST is currently only PoS, the only way to mine it is through the kind of service that multipools like coinking.io provide.

[cryptox11]

hi !
need some news !

[SumthngsWrong]

hi !
need some news !

You gotta dig.

[penoze]

ah ok thx i think i understand. your graphics look great but for a normal user like me they are prety hard to understand at first sight lol.

Thanks!

but if i understand correctly all those automatic transactions are basically fake transactions to put up a smoke screen for the real transaction?

so this way you have anon/privacy right?

is so this would be great as privacy/anon gives much extra value to a coin.

Yes, automatic transactions are "fake" transactions, which are added to the block chain, that have the same probability profile as the real transactions. This makes real transactions statistically identical to automatic ones in the blockchain. (by "fake" I mean that the coins do not switch owners, they change addresses in the output transactions within a tx in the block that is being added to the blockchain)

Certainly, privacy/anon of this type which is a core feature of TRUSTplus, gives/adds much value to the coin. (note: this type of privacy/anon is mathematically and rigorously provable)

In fact, as soon as I complete the paper I am writing, I will begin developing an android app that facilitates this type of transaction from mobile devices for TRUSTplus!

Awesome.  Thanks for the info.

It is a little bit quiet here.
Just a question
What is the state of the whitepaper?

[KickAzzDude]

Agree, thread is quiet. Wondering if I should pick up another 100k

[mitchellmint]

----------------------NEWS------------------------------

Small Victory.  TrustPlus.com is bought and paid for.  Also was able to get @TrustPlus Twitter as well.  Please Follow @TRUSTPLUS

RoadMap has been updated.  http://trustplus.com/roadmap-2/These are everyone's contributions and ideas on what they would like to see TRUST do.  This the order in which we think we should produce them.  We will do our best to stay organized and welcome all suggestions.

CrunchBase is getting some traffic as well.  I am adding products and should be able to attract some questions soon.

Please take a look at the road map.

Regular Expenses for month one:  Bounties paid was 800,000 TRUST from the pre-mine.  There was an auction to reduce the pre-mine, that paid for CoinKing.io partnership.  Travis Paid for Nodes, and developers for a little under 12 BTC.  MitchellMint Group continues to mine coins to purchase TRUST.  Local economy is buying above Bittrix Price, but far off of the 400 Satoshi target.

From Travis:
"Please get your friends and neighbours to download the wallets and start earning new Stakes.  We are at the 30 day mark where the Stakes will stop.  I would like to get to 2000 wallet addresses this week, we are at 1735.  I think its time for a give-away or some coins for new comers, ideas are welcome.  If you add a friend to the network, send me the TXid and I will reward you both.  There are alot of really good coins at super low prices, ours included.
I am working on a list of bounties.  Stafur has been working very hard and has claimed many but there is so much work to do its incredible.  Each person here has a talent and can contribute something.
I am growing local interest with these 3k Paper wallets, I have been haggling them for 2 for $5 and most people buy a couple.  All Cash has been converted and used to purchase coins on BitTrex.  Premine is sitting dormant in a Vault.  It is not POSing.  TAddys and AutoTransactions are coming out on a web interface soon, I will give you a three day head start before Beta.  -Contact me directly at travis@trustplus.com" for any questions or just to say HI!

[Bitcoin4ik]

----------------------NEWS------------------------------

Small Victory.  TrustPlus.com is bought and paid for.  Also was able to get @TrustPlus Twitter as well.  Please Follow @TRUSTPLUS

RoadMap has been updated.  http://trustplus.com/roadmap-2/These are everyone's contributions and ideas on what they would like to see TRUST do.  This the order in which we think we should produce them.  We will do our best to stay organized and welcome all suggestions.

CrunchBase is getting some traffic as well.  I am adding products and should be able to attract some questions soon.

Please take a look at the road map.

Regular Expenses for month one:  Bounties paid was 800,000 TRUST from the pre-mine.  There was an auction to reduce the pre-mine, that paid for CoinKing.io partnership.  Travis Paid for Nodes, and developers for a little under 12 BTC.  MitchellMint Group continues to mine coins to purchase TRUST.  Local economy is buying above Bittrix Price, but far off of the 400 Satoshi target.

From Travis:
"Please get your friends and neighbours to download the wallets and start earning new Stakes.  We are at the 30 day mark where the Stakes will stop.  I would like to get to 2000 wallet addresses this week, we are at 1735.  I think its time for a give-away or some coins for new comers, ideas are welcome.  If you add a friend to the network, send me the TXid and I will reward you both.  There are alot of really good coins at super low prices, ours included.
I am working on a list of bounties.  Stafur has been working very hard and has claimed many but there is so much work to do its incredible.  Each person here has a talent and can contribute something.
I am growing local interest with these 3k Paper wallets, I have been haggling them for 2 for $5 and most people buy a couple.  All Cash has been converted and used to purchase coins on BitTrex.  Premine is sitting dormant in a Vault.  It is not POSing.  TAddys and AutoTransactions are coming out on a web interface soon, I will give you a three day head start before Beta.  -Contact me directly at travis@trustplus.com" for any questions or just to say HI!

Good news . I think that many will keep their coins.

[stafur]

ah ok thx i think i understand. your graphics look great but for a normal user like me they are prety hard to understand at first sight lol.

Thanks!

but if i understand correctly all those automatic transactions are basically fake transactions to put up a smoke screen for the real transaction?

so this way you have anon/privacy right?

is so this would be great as privacy/anon gives much extra value to a coin.

Yes, automatic transactions are "fake" transactions, which are added to the block chain, that have the same probability profile as the real transactions. This makes real transactions statistically identical to automatic ones in the blockchain. (by "fake" I mean that the coins do not switch owners, they change addresses in the output transactions within a tx in the block that is being added to the blockchain)

Certainly, privacy/anon of this type which is a core feature of TRUSTplus, gives/adds much value to the coin. (note: this type of privacy/anon is mathematically and rigorously provable)

In fact, as soon as I complete the paper I am writing, I will begin developing an android app that facilitates this type of transaction from mobile devices for TRUSTplus!

Awesome.  Thanks for the info.

It is a little bit quiet here.
Just a question
What is the state of the whitepaper?

Hey! The paper is coming along nicely. The code I am using to model/generate the automatic transactions/automatic transaction ledger is complete and I have included 8 example runs into the paper. You can find it at:
https://www.dropbox.com/s/l4sj4wotomorlq8/OnTrustPlusAutomaticTransactions-07-2014.pdf

The results that will be summarized for the new figures in the paper are below. Please do not hesitate to contact me with any questions about how this all works. I am happy to provide anyone with any insight into how this all works. I am also usually on the IRC #TrustPlus chan in freenode.

[edit] I now also have a co-author who will be collaborating with me on this project regarding automatic transactions and trusted address for TRUSTplus. ie. The community of contributors to this project is growing. He also holds a PhD in physics like me. As always, we welcome any comments and/or suggestions.

python AutoTrans.py --coins 100 --addr 10 --tries 200 --multiplier .0001 --res 20

Max Coins to send per Attempt:  0.1
Min Coins to send per Attempt:  0.01
Current block: 185 Sent Coins: 100.027632805

Expected Coins: 100.0
Sent Coins: 100.027632805
%diff: 0.02763280

Total Transactions:  1823
Total Blocks:  185

Max. Dist, Sum. Dist: 2.00000000, 185.00000000
Norm. Max. Dist., Norm. Sum. Dist.: 0.01081081, 1.00000000

python AutoTrans.py --coins 100 --addr 10 --tries 200 --multiplier .00001 --res 20

Max Coins to send per Attempt:  0.01
Min Coins to send per Attempt:  0.001
Current block: 1795 Sent Coins: 100.038042447

Expected Coins: 100.0
Sent Coins: 100.038042447
%diff: 0.03804245

Total Transactions:  18187
Total Blocks:  1795

Max. Dist, Sum. Dist: 5.00000000, 1794.50000000
Norm. Max. Dist., Norm. Sum. Dist.: 0.00278629, 1.00000000

python AutoTrans.py --coins 100 --addr 10 --tries 200 --multiplier .000001 --res 20

Max Coins to send per Attempt:  0.001
Min Coins to send per Attempt:  0.0001
Current block: 18191 Sent Coins: 100.001400083

Expected Coins: 100.0
Sent Coins: 100.001400083
%diff: 0.00140008

Total Transactions:  181797
Total Blocks:  18191

Max. Dist, Sum. Dist: 20.00000000, 18191.00000000
Norm. Max. Dist., Norm. Sum. Dist.: 0.00109944, 1.00000000

python AutoTrans.py --coins 100 --addr 10 --tries 200 --multiplier .0000001 --res 20

Max Coins to send per Attempt:  0.0001
Min Coins to send per Attempt:  1e-05
Current block: 181964 Sent Coins: 100.000461268

Expected Coins: 100.0
Sent Coins: 100.000461268
%diff: 0.00046127

Total Transactions:  1818821
Total Blocks:  181964

Max. Dist, Sum. Dist: 136.00000000, 181961.00000000
Norm. Max. Dist., Norm. Sum. Dist.: 0.00074741, 1.00000000

python AutoTrans.py --coins 100 --addr 10 --tries 200 --multiplier .0001 --res 20

Max Coins to send per Attempt:  0.1
Min Coins to send per Attempt:  0.01
Current block: 185 Sent Coins: 100.103047101

Expected Coins: 100.0
Sent Coins: 100.103047101
%diff: 0.10304710

Total Transactions:  1838
Total Blocks:  185

Max. Dist, Sum. Dist: 5.00000000, 185.00000000
Norm. Max. Dist., Norm. Sum. Dist.: 0.02702703, 1.00000000

python AutoTrans.py --coins 100 --addr 10 --tries 200 --multiplier .00001 --res 20

Max Coins to send per Attempt:  0.01
Min Coins to send per Attempt:  0.001
Current block: 1815 Sent Coins: 100.055816266

Expected Coins: 100.0
Sent Coins: 100.055816266
%diff: 0.05581627

Total Transactions:  18143
Total Blocks:  1815

Max. Dist, Sum. Dist: 17.00000000, 1815.00000000
Norm. Max. Dist., Norm. Sum. Dist.: 0.00936639, 1.00000000

python AutoTrans.py --coins 100 --addr 10 --tries 200 --multiplier .000001 --res 20

Max Coins to send per Attempt:  0.001
Min Coins to send per Attempt:  0.0001
Current block: 18183 Sent Coins: 100.005335739

Expected Coins: 100.0
Sent Coins: 100.005335739
%diff: 0.00533574

Total Transactions:  181636
Total Blocks:  18183

Max. Dist, Sum. Dist: 155.00000000, 18183.00000000
Norm. Max. Dist., Norm. Sum. Dist.: 0.00852445, 1.00000000

python AutoTrans.py --coins 100 --addr 10 --tries 200 --multiplier .0000001 --res 20

Max Coins to send per Attempt:  0.0001
Min Coins to send per Attempt:  1e-05
Current block: 181693 Sent Coins: 100.000102799

Expected Coins: 100.0
Sent Coins: 100.000102799
%diff: 0.00010280

Total Transactions:  1818948
Total Blocks:  181693

Max. Dist, Sum. Dist: 1362.00000000, 181689.50000000
Norm. Max. Dist., Norm. Sum. Dist.: 0.00749631, 1.00000000

[jc12345]

Stafur, out of interest, what is the effect of the auto transactions on the size of the blockchain?

[stafur]

Stafur, out of interest, what is the effect of the auto transactions on the size of the blockchain?

As currently designed, and as previously explained by the dev, auto-transactions will lead to block-chain bloat.

How much bloat is allowed into the block-chain is dependent on the parameters associated with the TRUSTplus protocol. In particular, the number of automatic transactions accepted per block will determine how much the block-chain will bloat.

This is the main difference, at the low-level of the blockchain protocol, that sets TRUSTplus apart from other coins (i.e. the core design feature which supports many automatic-transactions).

In order for automatic transactions to be efficient at enhancing the privacy of real transactions, the number of transactions allowed per block has to be higher for this coin than for others.

[edit #2] Another parameter which will affect the number of transactions in the block-chain is the level of privacy requested by a sender of TRUST; another factor that is impacted by the low-level TRUSTplus protocol that has been implemented for this coin. The more privacy requested the more transactions would be required to send the requested amount.  (eg. privacy is given by lowering the multiplier factor and modifying the number of tries)  I have presented a range from .0001 to .0000001 for a privacy multiplier at a fixed number of 200 attempted transactions per block.

[edit] This high transaction volume per exchange of a requested number of coins in the block-chain has already been planned for and is the reason this coin is currently designed to transition to a new block-chain in 2015.

[edit #3] The conversation of how the transition between block-chains will occur is ongoing and there are already proposals on how to manage this transition. You can view my proposal on how to manage this transition at the following link:

https://www.dropbox.com/s/efushhccz8djv1g/Gradual-block-chain-Transitions-Sergio-Tafur.png

[edit #4] This is an challenge that all altcoins and crypto-currencies are currently facing. The answer so far for all of them has been, "hard drives will get faster and larger". However, I like the proactive approach we have with this coin to tackle this question head-on and I have several ideas on how this coin's protocol will be able to overcome these challenges. Automatic-Transactions and staking of coins (while securing each new block-chain), with interest as an incentive, play a central role in all of the solutions I can come up with.

[davidroux]

eish things not looking good again :/ No buys

[KickAzzDude]

I want to buy more, just worried that soon it will be delisted with such low volume

[jc12345]

I want to buy more, just worried that soon it will be delisted with such low volume

As long as the volume stays on 0.1BTC avg the coin is safe from delisting.

[stafur]

I have finished the paper!! Major conclusions and proofs.... TRUSTplus Real Transactions can be mixed with Automatic ones to enhance their privacy in the block-chain. There is no need to label real transactions with respect to automatic ones in order to ensure the successful transfer of coins between two parties. This means that real transactions can be indistinguishable from automatic ones in the block-chain.

Further, my colleague and I have identified a methodology that will allow us to leverage TRUSTplus automatic transactions for a decentralized transition between block-chains, thereby alleviating the challenge of a bloating block-chain that plagues every other coin (including bitcoin).

That work will be presented in a separate paper since it was beyond the scope of privacy for this one. However, the consequences of having multiple block-chains on privacy will also be further explored on that paper.

My colleague is currently reviewing the paper one last time, but you can have a look yourself. I am giving it until August 22nd before releasing this paper to a broader audience, (via twitter, facebook, etc.).

In the meantime please let me know if you have any suggestions and/or questions.

[edit] https://www.dropbox.com/s/l4sj4wotomorlq8/OnTrustPlusAutomaticTransactions-07-2014.pdf

As of this time I am now in the process of developing a mobile app that allows automatic transactions from android devices.  
 

[mitchellmint]

I have finished the paper!! Major conclusions and proofs.... TRUSTplus Real Transactions can be mixed with Automatic ones to enhance their privacy in the block-chain. There is no need to label real transactions with respect to automatic ones in order to ensure the successful transfer of coins between two parties. This means that real transactions can be indistinguishable from automatic ones in the block-chain.

Further, my colleague and I have identified a methodology that will allow us to leverage TRUSTplus automatic transactions for a decentralized transition between block-chains, thereby alleviating the challenge of a bloating block-chain that plagues every other coin (including bitcoin).

That work will be presented in a separate paper since it was beyond the scope of privacy for this one. However, the consequences of having multiple block-chains on privacy will also be further explored on that paper.

My colleague is currently reviewing the paper one last time, but you can have a look yourself. I am giving it until August 22nd before releasing this paper to a broader audience, (via twitter, facebook, etc.).

In the meantime please let me know if you have any suggestions and/or questions.

[edit] https://www.dropbox.com/s/l4sj4wotomorlq8/OnTrustPlusAutomaticTransactions-07-2014.pdf

As of this time I am now in the process of developing a mobile app that allows automatic transactions from android devices.  
 

This is truly revolutionary thinking.  Excellent work Stafur, name your price to make the next wallet and mobile app, my staff has agreed to yield the bounty to you.