[SDC] ShadowCash | Welcome to the UMBRA

[DarkLurker]

There doesn't seem to be much happening here, I thought there was going to be an update?

There was actually an update the other day. Here is the blog post link: https://blog.shadowproject.io/2016/08/21/where-are-we-at-let-me-tell-you/

 

Thank you, it's good to see progress is being made.   

Shadow seems to be further advanced than Monero, why is it less than a tenth of the price?  Whats the catch here.

[rutherford]

traxx: There is a lot of hate towards us thats it and when ppl talk about investing other start crap and always bring up old shit like how we had a flaw that was months ago lol

[Anon136]

code: Centralized services are just ticking time bombs, if I remember correctly   XMR doesn't even have multisig support for the moment which means bye bye money.

Yes xmr does not support multisig so you have to trust your money to someone who may run away with that money anytime!!!

One of the prices of not being a bitcoin clone. Certainly comes with it's share of advantages though. Also multi-sig development is currently in progress.

[rutherford]

dadon: Yeah when its possible for mnr to get a real acctual crypto mobile wallet i might be interested? Since you want to talk about monero inthe shadowcash thread sorry i should call it xmr..silly me im thinking back to the days wheni was invested in darkcoin and monero also xc i dimped them all for shadow..no regrets..trust me.
But back to the question what will it take for xmr to have a real working crypto mobile wallet i know it uses heaps of memory is it possible in the NEAR future serious question because i could be interested in re investing but when i say near i mean next 24 months, so is that possible? In the next 24 months for xmr to have a working crypto wallet not a web wallet etc?

[rutherford]

dadon: Mobile wallet*(sorry cant edit above posting ftom slack)

[Anon136]

I know it uses heaps of memory.

That information is wayyy out of date. That was solved with the implementation of lmdb embedded database in the hydrogen helix release.

[rutherford]

code: We don't really keep track of XMR, can't blame us for that. I believe we're far ahead of XMR when it comes down do the features we provide, and that's because we piggyback on Bitcoin, XMR has to lay the groundwork themselves more because they are a a CryptoNote clone.

[helloge]

A good process recently

[rutherford]

dadon: Im still not investing but clap clap

[dickwhite]

Friends,
The revision of Rule 41, which will allow the FBI to use a single warrant to hack an indefinite number of computers anywhere in the world and due to take effect on December 1, could have dramatic consequences for dark-net users. The FBI's success in the Playpen case highlights the effectiveness of their network investigative techniques and the vulnerabilities in TOR itself. This new ruling will likely further empower them to chase many more TOR users. Regardless of how you feel about the dark net and its users, this is yet another expansion of the surveillance state and more erosion of your freedoms and privacy by an entity that claims to protect you. If there was ever a time for a decentralized, anonymous, untraceable market place, it would be before Dec. 1.

Sources:
https://www.eff.org/deeplinks/2016/04/rule-41-little-known-committee-proposes-grant-new-hacking-powers-government
https://news.bitcoin.com/update-bitcoiners-use-tor-warned/
http://arstechnica.com/tech-policy/2016/06/fbis-use-of-tor-exploit-is-like-peering-through-broken-blinds/

[rutherford]

traxx: Lol u wont stop sdc

[rutherford]

dadon:  :weary: shadow is so beast.
mind  blown by it so many times  today im exhausted :stuck_out_tongue:

[Automatic Monkey]

TorCoin. You proof of work is throughput on the network, a little for a bridge or middle node and a lot for an exit. Your Tor service is also a wallet and either the sender or the receiver has to spend to transmit data, and the spend is distributed among the nodes that handle it.

Somebody needs to invent something like this! Maybe they could start with a cryptocurrency with zero-knowledge proofs, and then add distributed public key messaging, then other features after that.

[Kewde]

TorCoin. You proof of work is throughput on the network, a little for a bridge or middle node and a lot for an exit. Your Tor service is also a wallet and either the sender or the receiver has to spend to transmit data, and the spend is distributed among the nodes that handle it.

Somebody needs to invent something like this! Maybe they could start with a cryptocurrency with zero-knowledge proofs, and then add distributed public key messaging, then other features after that.

That's actually a freaking clever idea.

The list of tor nodes is known so whenever a user would make a successful connection to a website it can start broadcast a acknowledgement of service which would be secured by a CPU PoW algo and the node is rewarded.


Another good starting point for the consensus algo would be the "DDoS coin" example.
 https://news.bitcoin.com/proof-ddos-malicious-consensus/

[Gillette]

TorCoin. You proof of work is throughput on the network, a little for a bridge or middle node and a lot for an exit. Your Tor service is also a wallet and either the sender or the receiver has to spend to transmit data, and the spend is distributed among the nodes that handle it.

Somebody needs to invent something like this! Maybe they could start with a cryptocurrency with zero-knowledge proofs, and then add distributed public key messaging, then other features after that.

Afaik stealthcoin uses tor for sending/receiving.

[OrsonJ]

TorCoin. You proof of work is throughput on the network, a little for a bridge or middle node and a lot for an exit. Your Tor service is also a wallet and either the sender or the receiver has to spend to transmit data, and the spend is distributed among the nodes that handle it.

Somebody needs to invent something like this! Maybe they could start with a cryptocurrency with zero-knowledge proofs, and then add distributed public key messaging, then other features after that.

Afak stealthcoin uses tor for sending/receiving.

The idea's actually been kicked about for quite a while https://bitcointalk.org/index.php?topic=646691.0

https://bitcointalk.org/index.php?topic=261085

Don't know if anyone actually got round to carrying it out.

[Gillette]

I love you SDC! We overpassed 2 million marketcap 

[Hunyadi]

I love you SDC! We overpassed 2 million marketcap 

If Shadow Market (or Aphrodite) get some DNM people on board, we might be looking 50X - 100X  (look at XMR's hype)

[rutherford]

extremistan: Easily 50-100 x growth multiple.

[Automatic Monkey]

TorCoin. You proof of work is throughput on the network, a little for a bridge or middle node and a lot for an exit. Your Tor service is also a wallet and either the sender or the receiver has to spend to transmit data, and the spend is distributed among the nodes that handle it.

Somebody needs to invent something like this! Maybe they could start with a cryptocurrency with zero-knowledge proofs, and then add distributed public key messaging, then other features after that.

That's actually a freaking clever idea.

The list of tor nodes is known so whenever a user would make a successful connection to a website it can start broadcast a acknowledgement of service which would be secured by a CPU PoW algo and the node is rewarded.


Another good starting point for the consensus algo would be the "DDoS coin" example.
 https://news.bitcoin.com/proof-ddos-malicious-consensus/

Well of course it's a clever idea- it's yours! Because I'm really talking about Shadow, but with some features added to make it run like a tor service and connect machines through the Shadow network. The part where it's monetized is already there.