[SDC] ShadowCash | Welcome to the UMBRA

[Automatic Monkey]

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That's where SDC true potential lies IMO....it being a truly untraceable currency.  <---- could have big implications

Interesting point.

So, SDC vs. XMR.
What's the difference and is SDC a potential threat to XMR?
Ignoring the market and the GUI.
Is it simply PoS vs. PoW?

PoS vs. PoW
Codebase is another difference (Bitcoin vs. CryptoNote)
Multisig and Smart Contracts (think OP_CHECKLOCKTIMEVERIFY)
Public and Private (think of it as CreditCard (leaves trail) and Cash (no real trail))
Shadows Ring Signatures (latest) are almost 50% more efficient ("1-out-of-n Signatures from a Variety of Keys" by Abe, Ohkubo and Suzuki) as the signature is 3+n values vs 2+2n values.
P2P Messaging aka ShadowChat

Potential Threat? of-course and not just XMR but any crypto-currency which provides (whether by cryptographic proof or not) a privacy solution. Healthy competition is good to breed innovation and progress.
Privacy based transactions alone are not going to get you a substantial user-base; users need something else tangible and I genuinely believe a market place which brings together a solution were users can trade, chat and commerce will bridge that gap. Move out of the speculation phase and into some real world uses.
At the end of the day I see no reason why both cannot co-exist and I think we will; some of the chaps I have spoken to over at XMR are genuinely nice guys working on the same privacy goals we are.

PoS is going to be huge. The mad dash for hash is sustainable when you can pay for your equipment within a few months, but once that is over the only people who will be interested in putting that much hash on the network will be those with nefarious intentions. I don't see any coin including BTC being able to survive a pure PoW system in the long term.

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[volyova]

Why is ShadowCash crashing so hard?

[Wheatclove]

Why is ShadowCash crashing so hard?

My omniscient crystal ball says that all of the strong hands have pulled as much SDC off the exchanges that they wish to hold long term. The current exchange volume is simply day traders creating volatility and dropping the price by selling. Should be seeing more and more SDC leaving the exchanges in the next month.

[Wheatclove]

Donation campaign appears to be a success if anyone was interested. Ryno received well beyond the 10 BTC he needed to develop through November.

[dickwhite]

In other news,
Cryptsy has apparently solved their long-standing issue with the wallet today, as I was finally able to withdraw my sizeable stash.
Happy ending, and lessons learned. I celebrate my good fortune with a raised glass.
Cheers everyone.

[Wanderlust]

Donation campaign appears to be a success if anyone was interested. Ryno received well beyond the 10 BTC he needed to develop through November.

Could you post the donation addy please? TY

[rutherford]

code: I don't think anyone of this community cares about answering your questions seriously anymore, every post you make is a waste of our time.

[rustynailer]

Donation campaign appears to be a success if anyone was interested. Ryno received well beyond the 10 BTC he needed to develop through November.

Could you post the donation addy please? TY

Don't you have any shame after all the crap you have pulled around here.

[ydndsweu]

People should be civil regardless of ones past, I was lurking waiting for that information also and no one was actually giving it.

SDC and BTC addresses can be found here though:

http://aboutshadow.com/index.php/contribute

 

[systh]

People should be civil regardless of ones past, I was lurking waiting for that information also and no one was actually giving it.

SDC and BTC addresses can be found here though:

http://aboutshadow.com/index.php/contribute

 

No, beware – those aren't current! (Could whoever is in charge of aboutshadow.com fix that?)

[robinson5]

Amazing work on the new HD wallet devs!

Some quick questions. Was the donation to the devs for them to work full time in November on just coding for shadowcash? Also what is DarkSilk that you mentioned in the post about donations?

Also, just a minor bug I've noticed but mined transactions don't appear in my wallet until restarting it.

[ffmad]

you can found the good address on doc or dev website :

http://doc.shadowproject.io/#donate and http://shadowproject.io/get-involved

[rutherford]

dadon: Yes robinson5 the donations were so ryno could spend the whole of november coding for the market
The donations came from the community

[robinson5]

That's great! So would that be his only job? Also, what is DarkSilk? I couldn't find much information about it.

I'm curious why price is dropping when all these great things have been happening.  But I believe in shadow long term

[rutherford]

dadon: Btc has been exploding so people sell off alts to catch profit on btc im guessing
Darksilk is building a market but..they needed our dev to fix their code so that says a lot doesn't it
Yes rhyno is trying to work full time on sdc but you know he don't get paid to work on sdc so he needed the donations so he could concentrate fully on the project

[robinson5]

dadon: Btc has been exploding so people sell off alts to catch profit on btc im guessing
Darksilk is building a market but..they needed our dev to fix their code so that says a lot doesn't it
Yes rhyno is trying to work full time on sdc but you know he don't get paid to work on sdc so he needed the donations so he could concentrate fully on the project

That makes sense hopefully sdc will be back up again soon when people realize all the potential.

Could it be a problem that he is helping a competing market? It definitely says amazing things about our devs but could it hurt our first mover advantage? Wonder what people think?

That's awesome that the community was able to get the donations ready for him! What is the donation address? Maybe it should be in the OP

[Wheatclove]

dadon: Btc has been exploding so people sell off alts to catch profit on btc im guessing
Darksilk is building a market but..they needed our dev to fix their code so that says a lot doesn't it
Yes rhyno is trying to work full time on sdc but you know he don't get paid to work on sdc so he needed the donations so he could concentrate fully on the project

DarkSilk is another frankenstein coin that is going to be integrating Sling's market code.

The dev (same dev as Sterlingcoin and Trollcoin I believe) is a friend of Ryno's and Ryno was compensated for some work fixing a few bugs (he also removed the PoS2 -> PoS3 hardfork code because they are better off starting their Genesis block with the PoS3 protocol instead of hardforking to it).

He wasn't helping them with any of the Sling market code integration.

Edit: you can check out the git commits Ryno made for DarkSilk which will clear up the exact work he did for them.

[rutherford]

dadon: Yeah i realise he wasn't building their market for them just fixing some code
And yes no threat to us
Robinson5 the first market  out wont be the most successful i can guarantee you that shadow is building something that is a cut Above the rest
First out almost always is not the most successful
Even before silkroad there were many places to buy
But none were as user friendly as silk that's why silk became the dominant market of the darkweb because it was well designed and thought out
That is what shadow is doing but silk is just an eg they are not building the next silkroad
But they are building an all in one platform for private and decentralised  commerce  currency and communication
Slow and steady wins the race

[rutherford]

dadon: Have you seen the design of the market yet Robinson?
It really is quite stunning
Imo for mass adoption that is one of the most important factors to take into consideration.
If people are going to be using something a lot it must have ease of use and be attractive to the eye just a personal opinion but i think we will find it makes a world of difference

[ontopicplease]

Since a couple of days, I am trying to stake, and got 4 payouts. But now the action stopped and all4 have still only 1 confirmation. I closed and reopened the wallet, but doesn't help. I am using the 1.3.3.6 windows wallet. Anyone an idea what I do wrong?
Thanks for helping.