[SDC] ShadowCash | Welcome to the UMBRA

[Wheatclove]

I seriously doubt the market will be full of shit, It hasn't happened to any of the previous darkmarkets so don't know why it would start now even some of the markets that are almost unknown have quality stuff, most people selling on the darkweb have fairly high standards when it comes to quality and purity.
But it needs to have some kind of system that removes items that people show no interest well would be nice  if possible.
Or just have a separate section of the market for items  that get little interest or attention and vendors with bad trust ratings so it's not cramping up the items that do get a lot of attention and keeps the dishonest vendors from the honest ones, sort of like a naughty corner for useless items and untrustworthy vendors, your not censoring the market just arranging it in a way that i don't have to see those items and vendors if i don't want to, because most products and vendors will be legit but we want to keep everything looking nice and clean.

The ShadowMarket will appeal to much more than traditional "darkmarket" users...

Libertarians, AnCaps & Agorists would LOVE the opportunity to be able to buy & sell goods on a completely secure, decentralized, anonymous, TAX-FREE market.

This is the Holy Grail of Agorism.

Counter-economics is basically the idea that it is preferable & more ethical to keep one's financial transactions in the grey market, so as to not be supporting governments through taxation.

https://en.wikipedia.org/wiki/Agorism Ideology

Agorism is considered a branch of, or a transition strategy for achieving, anarcho-capitalism, however Konkin characterized it as a form of left-libertarianism,.[2] Agorists generally consider themselves to be market anarchists. Agorists often oppose voting for political candidates and political reform. Instead, agorists stress the importance of alternative strategies rather than politics to achieve a free society. Agorists claim that we can achieve a free society more easily and sooner by employing such alternative methods as education, alternative currencies, entrepreneurship, self sufficiency, and most importantly "counter-economics".[1] Some agorists consider their message to be scientific because science is an appeal to reason, which they believe is only possible in a free market; these agorists argue that state-backed science is illegitimate, believing that it inherently involves an appeal to authority.[3]

http://agorism.info/

There are tons of Libertarians out there...

Great post, thanks for sharing.

These are the kinds of discussions I would like to see here (rather than memes and insults).

Emphasizing the libertarian slant of the deep web markets will attract more investors and market participants. As you mentioned above, there is a lot of potential here to reach a wide audience beyond the "Silk Road" crowd - despite that being a massively lucrative niche as the Vice article pointed out.

I'm looking forward to reading the cryptography review by Isidor Zeuner. Is there an ETA for this?

I dont believe an ETA was put on the review. I'm also looking forward to reading it but very understanding that these things take time.

More importantly, dem bips tho.

[Wheatclove]

For those that don't know what BIPs are, check out this link: https://en.bitcoin.it/wiki/Bitcoin_Improvement_Proposals

They're code submitted to be integrated into the Bitcoin core. A few clicks on that page will take you to the summary of each one. I believe the SDC devs are planning to integrate 32, 39, and 44 to bring us hierarchical deterministic (HD) wallets.

What is an HD wallet? You can read more here: https://github.com/bitcoin/bips/blob/master/bip-0032.mediawiki http://weilu.github.io/blog/2014/07/11/the-perks-of-being-an-hd-wallet/

Counterwallet is one example of an HD wallet but I know there are more.

[dadon]

http://en.wikipedia.org/wiki/Silent_Circle_%28software%29 this is interesting https://silentcircle.com/faq-zrtp

[Wheatclove]

http://en.wikipedia.org/wiki/Silent_Circle_%28software%29 this is interesting https://silentcircle.com/faq-zrtp

Those are the blackphone guys right? I read somewhere that it's one of the most expensive phones out there because all of the software is subscription based. That and the unlocked phone is priced very high.

[dadon]

http://en.wikipedia.org/wiki/Silent_Circle_%28software%29 this is interesting https://silentcircle.com/faq-zrtp

Those are the blackphone guys right? I read somewhere that it's one of the most expensive phones out there because all of the software is subscription based. That and the unlocked phone is priced very high.

I'm not sure i only just found this but im going to look into it more i think the Dev team might be able to use some of the concepts and ideas as future inspiration for the shadow project possibly also, so thought i would share it.

[Gibbs187x]

Shadowcash will be the new era of our time the time is now ! invest or get left like the rest

[Wheatclove]

Shadowcash will be the new era of our time the time is now ! invest or get left like the rest

ok mr hype

[Automatic Monkey]

For those that don't know what BIPs are, check out this link: https://en.bitcoin.it/wiki/Bitcoin_Improvement_Proposals

They're code submitted to be integrated into the Bitcoin core. A few clicks on that page will take you to the summary of each one. I believe the SDC devs are planning to integrate 32, 39, and 44 to bring us hierarchical deterministic (HD) wallets.

What is an HD wallet? You can read more here: https://github.com/bitcoin/bips/blob/master/bip-0032.mediawiki http://weilu.github.io/blog/2014/07/11/the-perks-of-being-an-hd-wallet/

Counterwallet is one example of an HD wallet but I know there are more.

I think an Armory wallet works that way.

Not a fan of it myself. I prefer to manage individual keys paired with addresses.

[systh]

I'm used to CryptoNote coins and understand quite well how they function. I've tried using Shadow to compare, but the knowledge base in the internet is quite scattered. Could you answer my questions or point me to the place where I can get more info?

1. Are all transactions anonymous by default in Shadow? Is there anonymity level setting in the wallet?
2. Are there any faucets?

Thank you.

Shadow is quite different in the way CN functions.

1. To make an anonymous transaction, you use tokens called "SDT" .. you can convert your SDC to SDT and once you have these you can further send SDT to SDT or SDT back to SDC. <--- anything that involves a SDT is a anonymous transaction. You can set the anonymity level you want in the wallet during the transaction.

Please take a look here for an explanation : http://shadowcash.info/display/shadow/Transact+Anonymously

2. There used to be, but it seems they are dry or offline now. I will see if we can fire one up.

So basically when i withdraw sdc from exchanges it's not anonymous at all because only sdc are used not tokens ?

the point in this is to switch more and more to sdt as time passes i guess ? But exchanges will always use sdc right ?

Yes, exchanges use only SDC (yet).

With every SDT transaction (to and from it), more anonymous outputs are created - you can check that under Chain Data in your Wallet. So yes, you're right. The point is also not to convert all SDT received directly to SDC in the same amount, as that transaction could be "matched" (not for sure, but it's a slight link). So it's good to gradually convert SDC to SDT (even if you don't necessarily need SDTs), to create some more chaos. And when receiving SDT, which you want to convert back to SDC, it's good to do that in smaller chunks as time passes.. or, ideally, leave it in SDT for future use.

Btw it's worth noting that your SDT aren't staking. You can stake only SDC.

[dasource]

For those that don't know what BIPs are, check out this link: https://en.bitcoin.it/wiki/Bitcoin_Improvement_Proposals

They're code submitted to be integrated into the Bitcoin core. A few clicks on that page will take you to the summary of each one. I believe the SDC devs are planning to integrate 32, 39, and 44 to bring us hierarchical deterministic (HD) wallets.

What is an HD wallet? You can read more here: https://github.com/bitcoin/bips/blob/master/bip-0032.mediawiki http://weilu.github.io/blog/2014/07/11/the-perks-of-being-an-hd-wallet/

Counterwallet is one example of an HD wallet but I know there are more.

I think an Armory wallet works that way.

Not a fan of it myself. I prefer to manage individual keys paired with addresses.

Interesting .. So you would rather have to keep private keys or wallet files and worry about backing those up v.s. a secure mnemonic seed/words?

Obviously there are a load of other benefits such as integration into hardware wallets etc.

[Wheatclove]

For those that don't know what BIPs are, check out this link: https://en.bitcoin.it/wiki/Bitcoin_Improvement_Proposals

They're code submitted to be integrated into the Bitcoin core. A few clicks on that page will take you to the summary of each one. I believe the SDC devs are planning to integrate 32, 39, and 44 to bring us hierarchical deterministic (HD) wallets.

What is an HD wallet? You can read more here: https://github.com/bitcoin/bips/blob/master/bip-0032.mediawiki http://weilu.github.io/blog/2014/07/11/the-perks-of-being-an-hd-wallet/

Counterwallet is one example of an HD wallet but I know there are more.

I think an Armory wallet works that way.

Not a fan of it myself. I prefer to manage individual keys paired with addresses.

Interesting .. So you would rather have to keep private keys or wallet files and worry about backing those up v.s. a secure mnemonic seed/words?

Obviously there are a load of other benefits such as integration into hardware wallets etc.

Has anyone created a smartphone HD wallet app yet?

[lawgicc]

I'm used to CryptoNote coins and understand quite well how they function. I've tried using Shadow to compare, but the knowledge base in the internet is quite scattered. Could you answer my questions or point me to the place where I can get more info?

1. Are all transactions anonymous by default in Shadow? Is there anonymity level setting in the wallet?
2. Are there any faucets?

Thank you.

Shadow is quite different in the way CN functions.

1. To make an anonymous transaction, you use tokens called "SDT" .. you can convert your SDC to SDT and once you have these you can further send SDT to SDT or SDT back to SDC. <--- anything that involves a SDT is a anonymous transaction. You can set the anonymity level you want in the wallet during the transaction.

Please take a look here for an explanation : http://shadowcash.info/display/shadow/Transact+Anonymously

2. There used to be, but it seems they are dry or offline now. I will see if we can fire one up.

So basically when i withdraw sdc from exchanges it's not anonymous at all because only sdc are used not tokens ?

the point in this is to switch more and more to sdt as time passes i guess ? But exchanges will always use sdc right ?

Yes, exchanges use only SDC (yet).

With every SDT transaction (to and from it), more anonymous outputs are created - you can check that under Chain Data in your Wallet. So yes, you're right. The point is also not to convert all SDT received directly to SDC in the same amount, as that transaction could be "matched" (not for sure, but it's a slight link). So it's good to gradually convert SDC to SDT (even if you don't necessarily need SDTs), to create some more chaos. And when receiving SDT, which you want to convert back to SDC, it's good to do that in smaller chunks as time passes.. or, ideally, leave it in SDT for future use.

Btw it's worth noting that your SDT aren't staking. You can stake only SDC.

Ill throw some SDC at the faucet if it gets up & running soon, just shoot me a DM

[dadon]

I have a question, when i was first looking into crypto in the early days there were heaps of the physical bitcoins going around, wish i had of bought em up they were so cheap haha anyways i never really understood how they worked, are they like a paper wallet but just engraved in a valuable object? is this how the HD master key work? i want my coins off the grid, until needed, i do not need the stake i want to remove them completely from my computers and take no risks, basically what i want is physical SDC coins or bullion each holding around 10k, how do i even start to do this? because in the near future i think it may be dangerous to hold large amounts on our computers, we will be a definite target too government agency's, i want to get active now and prevent tears latter.

[rustynailer]

I have a question, when i was first looking into crypto in the early days there were heaps of the physical bitcoins going around, wish i had of bought em up they were so cheap haha anyways i never really understood how they worked, are they like a paper wallet but just engraved in a valuable object? is this how the HD master key work? i want my coins off the grid, until needed, i do not need the stake i want to remove them completely from my computers and take no risks, basically what i want is physical SDC coins or bullion each holding around 10k, how do i even start to do this? because in the near future i think it may be dangerous to hold large amounts on our computers, we will be a definite target too government agency's, i want to get active now and prevent tears latter.

Why not just use a paper wallet?

[Automatic Monkey]

For those that don't know what BIPs are, check out this link: https://en.bitcoin.it/wiki/Bitcoin_Improvement_Proposals

They're code submitted to be integrated into the Bitcoin core. A few clicks on that page will take you to the summary of each one. I believe the SDC devs are planning to integrate 32, 39, and 44 to bring us hierarchical deterministic (HD) wallets.

What is an HD wallet? You can read more here: https://github.com/bitcoin/bips/blob/master/bip-0032.mediawiki http://weilu.github.io/blog/2014/07/11/the-perks-of-being-an-hd-wallet/

Counterwallet is one example of an HD wallet but I know there are more.

I think an Armory wallet works that way.

Not a fan of it myself. I prefer to manage individual keys paired with addresses.

Interesting .. So you would rather have to keep private keys or wallet files and worry about backing those up v.s. a secure mnemonic seed/words?

Obviously there are a load of other benefits such as integration into hardware wallets etc.

The thing about mnemonics for me is that if I didn't create it it might as well be random. So I just keep all keys for all coins in a file that I've encrypted. Thinking about keeping a second copy in a bank vault too.

[dadon]

I have a question, when i was first looking into crypto in the early days there were heaps of the physical bitcoins going around, wish i had of bought em up they were so cheap haha anyways i never really understood how they worked, are they like a paper wallet but just engraved in a valuable object? is this how the HD master key work? i want my coins off the grid, until needed, i do not need the stake i want to remove them completely from my computers and take no risks, basically what i want is physical SDC coins or bullion each holding around 10k, how do i even start to do this? because in the near future i think it may be dangerous to hold large amounts on our computers, we will be a definite target too government agency's, i want to get active now and prevent tears latter.

Why not just use a paper wallet?

because i want it stored on something physical like silver that could also raise in price the fact if SDC is huge in the future and silver will  go up no doubt because it has been manipulated for so long i remember when BTC hit 1k each physical holding 1 BTC were going for ridicules amounts 6-12k on ebay depending on the material used to people investing in them as collectors items for the future i want to have coins and bullion in all different nominations for this reason and for security reasons a silver coin for instance may survive a house fire where a paper wallet probably wont.

[Automatic Monkey]

I have a question, when i was first looking into crypto in the early days there were heaps of the physical bitcoins going around, wish i had of bought em up they were so cheap haha anyways i never really understood how they worked, are they like a paper wallet but just engraved in a valuable object? is this how the HD master key work? i want my coins off the grid, until needed, i do not need the stake i want to remove them completely from my computers and take no risks, basically what i want is physical SDC coins or bullion each holding around 10k, how do i even start to do this? because in the near future i think it may be dangerous to hold large amounts on our computers, we will be a definite target too government agency's, i want to get active now and prevent tears latter.

You can just create a bunch of wallets, put the 10K coins in each wallet, then use the dumpprivkey function in the console to get the private keys of each and record it. Then format and/or destroy your hard drive.

[dasource]

Faucet is up and running ... http://faucet.shadowchain.info/
You can click on the donate button in the header to get the address to fund the faucet.

[dasource]

For those that don't know what BIPs are, check out this link: https://en.bitcoin.it/wiki/Bitcoin_Improvement_Proposals

They're code submitted to be integrated into the Bitcoin core. A few clicks on that page will take you to the summary of each one. I believe the SDC devs are planning to integrate 32, 39, and 44 to bring us hierarchical deterministic (HD) wallets.

What is an HD wallet? You can read more here: https://github.com/bitcoin/bips/blob/master/bip-0032.mediawiki http://weilu.github.io/blog/2014/07/11/the-perks-of-being-an-hd-wallet/

Counterwallet is one example of an HD wallet but I know there are more.

I think an Armory wallet works that way.

Not a fan of it myself. I prefer to manage individual keys paired with addresses.

Interesting .. So you would rather have to keep private keys or wallet files and worry about backing those up v.s. a secure mnemonic seed/words?

Obviously there are a load of other benefits such as integration into hardware wallets etc.

The thing about mnemonics for me is that if I didn't create it it might as well be random. So I just keep all keys for all coins in a file that I've encrypted. Thinking about keeping a second copy in a bank vault too.

But that is the whole idea right, for it to be random.
I mean there is nothing stopping you from choosing the words yourself but the key here is to get them random.

[Gizfreak]

Faucet is up and running ... http://faucet.shadowchain.info/
You can click on the donate button in the header to get the address to fund the faucet.

Thanks for setting it up *thumbs up*