[ANN] Millennium Coin (MIL)

[E9800]

The following are our plans for the rest of the year. Our goal is to deliver these features by Christmas. YarkoL has provided us with an explanation of these new additions.

Advanced Tor (Using the Delegate System)
Tor Chat and File Transfer wallet integration.

Explanation of Delegate System

Presently the MIL address is relayed through Tor network,
and it's pretty good anonymity, meaning that it is pretty hard for anybody
figure out who is behind the .onion address. The Tor integration is however
just a basic foundation for more advanced functionality in the form of
delegate system that adds another layer of anonymity at the level
of individual transactions.

A delegate is a wallet where a part of the total balance is used to service
other users for a fee. Anyone can turn his wallet to a delegate and earn MIL offering the
service. So when a sender wants to send MIL anonymously, his/her wallet contacts a
delegate wallet that has enough MIL to fund the transaction.

Then the delegate wallet transfers his coins to recipient, and afterwards recipients
wallet sends an equal amount (plus delegate fee) to the delegate.

The end result is that there is no record in the blockchain that links sender to the recipient.
What is recorded are the payments from the delegate to the recipient and from the sender to
the delegate, but for an outsider it is hard to say who is the sender and who is the delegate,
especially when there are many transactions of this kind.

All this happens automatically. The sender just pushes a button and goes to sleep.
Both the sender's and the delegate's wallets take care of the processing. And if something
goes wrong, the sender or the delegate can reclaim their MIL. That works because the delegate
transactions are highly customized and have escrow built into them.

Technically, the delegate transactions are constructed by employing the same communication
channel that crypto wallets use to tell each other about the amount of blocks they're having, their
peers etc. It is a very different approach compared to the usual anon solutions (mixers, key rings etc)
and can be extended so that in addition to exchanging information about delegates they
can broadcast other types of messages too, such as advertisements for goods or services.
   

[E9800]

There was an issue with withdraws from Poloniex. The issue has been fix and withdraws have resumed.

[E9800]

Just a reminder to anyone still running the old Millionaire Coin wallet. You need to update to the new Millennium Coin wallet before moving MIL. The old wallet is obsolete and appears to have forked. Transfers to and from Poloniex will not work with the Millionaire Coin version.

[E9800]

First 5 users to post MIL address here will receive 250 MIL each.

[hankrules]

MF5N3VMfRD4aQ1UEmJDeY4QRGJPwcg8RyS

[qaz312]

MKcF5ep2rJHmCsTC3KdSe7B9NAJimoHDYG

thanks.

[E9800]

1 more address to receive 250 MIL. Volume on Polo is picking up. We are no longer an idle coin. Good to see some support. Expect regular updates on progress for our delegate system. Any questions about the delegate system should be asked here. Any other ideas or feature request are also welcome.

[100M]

MS1M1AE77ymzMo7QaFYjqKg4JDwu929c8M
Thank you!

[JoeCoinman]

How many coins already have this anonymous feature? Why should I be interested in this coin over others? It seems to me all "bleep" coin developers keep making promises that never come true. What assurances do I have any of these claims you make will come to pass?

Please do not say "You will just have to wait and see" or "Nobody is forcing you to buy"

Please give us real proof you are going to make good on your promises and this is not just another scam coin.

Coinman Out!!!

[Jerrietg]

what a pity i missed the giveaway , but dev , don't forget that there is not allow to post
address in this section. when giveaway end ,please let them change the post

[E9800]

what a pity i missed the giveaway , but dev , don't forget that there is not allow to post
address in this section. when giveaway end ,please let them change the post

I saw that after I posted the giveaway. Hopefully they let us off with a warning for a first offense. Each user should be able to delete they're post. There will be a MIL Giveaway on Poloniex once the Delegate Project is complete. I will post here and twitter to give everyone a heads up next time.

[YarkoL]

How many coins already have this anonymous feature? Why should I be interested in this coin over others? It seems to me all "bleep" coin developers keep making promises that never come true. What assurances do I have any of these claims you make will come to pass?

Please do not say "You will just have to wait and see" or "Nobody is forcing you to buy"

Please give us real proof you are going to make good on your promises and this is not just another scam coin.

Coinman Out!!!

The estimated time of arrival will be late this year, so your anticipation
of forthcoming replies is correct.

The anon feature is implemented in NUD
https://bitcointalk.org/index.php?topic=640933.msg9069750#msg9069750
but there it is in unuseable form.

The only other proof I can think of now is to study the past history of this coin.

[daxiake]

NUD is a dead coin now,will MIL better than NUD?

Guys,please abandon this coin,just like me have sold and will sell out all my NUD.

[E9800]

NUD is a dead coin now,will MIL better than NUD?

Guys,please abandon this coin,just like me have sold and will sell out all my NUD.

I feel bad for NUD. I don't like to see coins die. MIL is not dead though. The issue I see right now is the low amount of MIL for sale on Poloniex. Everyone seems to be waiting to see what happens with our delegate project. Less than 10% of all MIL is for sale on Polo at this time. Just curious, how much NUD did you have before you sold?

[JoeCoinman]

How many coins already have this anonymous feature? Why should I be interested in this coin over others? It seems to me all "bleep" coin developers keep making promises that never come true. What assurances do I have any of these claims you make will come to pass?

Please do not say "You will just have to wait and see" or "Nobody is forcing you to buy"

Please give us real proof you are going to make good on your promises and this is not just another scam coin.

Coinman Out!!!

The estimated time of arrival will be late this year, so your anticipation
of forthcoming replies is correct.

The anon feature is implemented in NUD
https://bitcointalk.org/index.php?topic=640933.msg9069750#msg9069750
but there it is in unuseable form.

The only other proof I can think of now is to study the past history of this coin.

Why is this anonymous feature unusable in NUD? Why will it be usable for MIL? I look at Millionaire Coin and see you should have been close to completion. Why is it taking you until the end of the year if you were so close at that time? Don't get me wrong I want to believe you. You are the one telling me to look at the past then make a decision.

[YarkoL]

Why is this anonymous feature unusable in NUD? Why will it be usable for MIL? I look at Millionaire Coin and see you should have been close to completion. Why is it taking you until the end of the year if you were so close at that time? Don't get me wrong I want to believe you. You are the one telling me to look at the past then make a decision.

Those are valid questions, let me try to address them.

In NUD it is possible to do delegate transactions if you install Tor
manually.

However there are situations when the transaction will not
go through, and some of the situations may happen quite naturally (or
intentionally in case of dishonest nodes). Delegate transactions have an
inbuilt security mechanism that returns the money to either sender or delegate
if it hasn't reached its destination after preset expiry time measured in blocks.
This security mechanism is unusable in NUD as it requires gathering certain data during
processing in order to work. I have documented what that data is on NUD forum.
http://nud.fi/forums/index.php?topic=19.0

I did implement the said data gathering when I was working for Millionaire and
was about to do the changes in user interface which would make the escrow
mechanism easy and intuitive to use when Millionaire vanished.

It then took a while until E9800 decided to complete the anonymity feature
for Millenniumcoin along with some other new things. Meanwhile things have been
going on in my real life, so I don't have the time to do all things at once, hence
the late deadline.

[E9800]

I can take credit for the wait. It took me a bit to raise funds to pay for the Delegate Project. YarkoL has been burned by Millionaire in the past so nobody can blame him for wanting payment up front. Also, I have added to his workload by requesting other features be added to the new wallet. We have no reason not to trust YarkoL. He has already come through for us with basic Tor, Dedicated Server, Block Explorer, and Rich List. All of which he did for free. Delegate project will be completed before the end of the year.

[daxiake]

NUD is a dead coin now,will MIL better than NUD?

Guys,please abandon this coin,just like me have sold and will sell out all my NUD.

I feel bad for NUD. I don't like to see coins die. MIL is not dead though. The issue I see right now is the low amount of MIL for sale on Poloniex. Everyone seems to be waiting to see what happens with our delegate project. Less than 10% of all MIL is for sale on Polo at this time. Just curious, how much NUD did you have before you sold?

i have only 100k+ before,but now only remain 60k.

[E9800]

NUD is a dead coin now,will MIL better than NUD?

Guys,please abandon this coin,just like me have sold and will sell out all my NUD.

I feel bad for NUD. I don't like to see coins die. MIL is not dead though. The issue I see right now is the low amount of MIL for sale on Poloniex. Everyone seems to be waiting to see what happens with our delegate project. Less than 10% of all MIL is for sale on Polo at this time. Just curious, how much NUD did you have before you sold?

i have only 100k+ before,but now only remain 60k.

NUD total coins 21,000,000. You owned .476 % of all potential NUD by holding 100,000.
MIL total coins 1,000,000. You need 4,760 coins to hold the same percentage as you did NUD.

PM me your MIL address and I'll send you some to get you started.

[daxiake]

NUD is a dead coin now,will MIL better than NUD?

Guys,please abandon this coin,just like me have sold and will sell out all my NUD.

I feel bad for NUD. I don't like to see coins die. MIL is not dead though. The issue I see right now is the low amount of MIL for sale on Poloniex. Everyone seems to be waiting to see what happens with our delegate project. Less than 10% of all MIL is for sale on Polo at this time. Just curious, how much NUD did you have before you sold?

i have only 100k+ before,but now only remain 60k.

NUD total coins 21,000,000. You owned .476 % of all potential NUD by holding 100,000.
MIL total coins 1,000,000. You need 4,760 coins to hold the same percentage as you did NUD.

PM me your MIL address and I'll send you some to get you started.

thanks,E9800.i would rather to buy some from the exchange.

will keep an eye on MIL.good luck.

seem need more talent to join the devteam.