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Author Topic: [SDC] ShadowCash | Welcome to the UMBRA  (Read 1289610 times)
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burner2014
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September 19, 2014, 07:20:15 AM
 #721

Slow and steady. Best for the coin Smiley  Good times are coming!
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September 19, 2014, 09:25:49 AM
 #722

Invested some of my BTC to this coin for future market exchange.
Another dark-horse altcoin  Smiley
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September 19, 2014, 09:53:13 AM
 #723

Invested some of my BTC to this coin for future market exchange.
Another dark-horse altcoin  Smiley

Remember my post when Shadowcash will costs 5$


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September 19, 2014, 10:34:45 AM
 #724

Invested some of my BTC to this coin for future market exchange.
Another dark-horse altcoin  Smiley

Remember my post when Shadowcash will costs 5$

5$ ? mmm... 1$ is sure
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September 19, 2014, 12:09:34 PM
 #725

Invested some of my BTC to this coin for future market exchange.
Another dark-horse altcoin  Smiley

Remember my post when Shadowcash will costs 5$

I want this coin at $ 100,  600 Million market cap
erok
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September 19, 2014, 12:23:56 PM
 #726

right on right on.

"the destruction of privacy widens the existing power imbalance between the ruling factions and everyone else" -- Julian Assange
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September 19, 2014, 02:05:57 PM
 #727

Invested some of my BTC to this coin for future market exchange.
Another dark-horse altcoin  Smiley

Remember my post when Shadowcash will costs 5$

5$ ? mmm... 1$ is sure

$1 shadowcash is a good start
sdcoin (OP)
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September 19, 2014, 04:54:38 PM
 #728

So..... are we still getting anything this week like they had been saying in IRC??? Roll Eyes

Working on it Smiley
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September 19, 2014, 06:13:02 PM
 #729

So..... are we still getting anything this week like they had been saying in IRC??? Roll Eyes

yes
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September 20, 2014, 01:28:33 AM
 #730

TGIF, Nice to see the price holding the last few days.
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September 20, 2014, 06:39:51 AM
 #731

The parameter generation, in a non-interactive zero knowledge system is always going to be an issue, unless its created through a consensus..
Interactive would mean you'd need the other party to be online to redeem your input, so we're working on a way of sending your funds into infinity, where they will be redeemed from infinity.
At a base level there's always going to be some sort of mixing involved, whether its destroying/minting, or whether its using some sort of tokens, etc..

"we're working on a way of sending your funds into infinity, where they will be redeemed from infinity."

After thinking about this for a while I am still not sure if I completely understand what you mean. I have read the zk-snarks whitepaper, etc. Can you elaborate on this point a little?

Thanks!
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September 20, 2014, 06:49:47 PM
 #732

The parameter generation, in a non-interactive zero knowledge system is always going to be an issue, unless its created through a consensus..
Interactive would mean you'd need the other party to be online to redeem your input, so we're working on a way of sending your funds into infinity, where they will be redeemed from infinity.
At a base level there's always going to be some sort of mixing involved, whether its destroying/minting, or whether its using some sort of tokens, etc..

"we're working on a way of sending your funds into infinity, where they will be redeemed from infinity."

After thinking about this for a while I am still not sure if I completely understand what you mean. I have read the zk-snarks whitepaper, etc. Can you elaborate on this point a little?

Thanks!

Coins are removed from circulation, effectively placed in escrow when they are placed in an anonymous output.
We need to prove that we redeemed an output, without revealing which output was redeemed and a redeem transaction would look like a coinbase.
The redeem transaction destroys one of the anonymous outputs but it is not possible to know which one was destroyed.
It won't be possible to use the same output twice, as it would require a secret key which becomes known to everyone when the output is redeemed.
The zk-proof proves the secret key is linked to an output in the set, but only the redeemer knows which one.
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September 20, 2014, 07:27:39 PM
 #733

Any one who knows anything about Alts should be holding both XC and SDC i have 75k XC 180k SDC...good times ahead for me
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September 20, 2014, 07:29:26 PM
 #734

The parameter generation, in a non-interactive zero knowledge system is always going to be an issue, unless its created through a consensus..
Interactive would mean you'd need the other party to be online to redeem your input, so we're working on a way of sending your funds into infinity, where they will be redeemed from infinity.
At a base level there's always going to be some sort of mixing involved, whether its destroying/minting, or whether its using some sort of tokens, etc..

"we're working on a way of sending your funds into infinity, where they will be redeemed from infinity."

After thinking about this for a while I am still not sure if I completely understand what you mean. I have read the zk-snarks whitepaper, etc. Can you elaborate on this point a little?

Thanks!

Coins are removed from circulation, effectively placed in escrow when they are placed in an anonymous output.
We need to prove that we redeemed an output, without revealing which output was redeemed and a redeem transaction would look like a coinbase.
The redeem transaction destroys one of the anonymous outputs but it is not possible to know which one was destroyed.
It won't be possible to use the same output twice, as it would require a secret key which becomes known to everyone when the output is redeemed.
The zk-proof proves the secret key is linked to an output in the set, but only the redeemer knows which one.

Thank you very much! Your explanations really help. I think they also make it easier for people to understand why zk-snarks anonymity is vastly superior to the coinjoin based "anonymous" coins on the marker today.

Can I also assume that it would be best if there was a time delay between when the coins are removed from circulation and when the anonymous output is sent from escrow?

Can the sender purchase an anonymous escrow amount greater than the amount he ultimately wants to send the recipient (the remainder of which he can redeem for another transaction later) so that the amount of coins removed from his wallet will not directly match the amount of coins the recipient receives?
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September 20, 2014, 08:30:01 PM
 #735

Any one who knows anything about Alts should be holding both XC and SDC i have 75k XC 180k SDC...good times ahead for me

You will make 18 Million dollar when Shadow coin will reach $100 per coin
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September 20, 2014, 08:34:18 PM
 #736

I think $100 per coin is very..very possible, might take 12 months but i think it can be done.
sdcoin (OP)
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September 20, 2014, 10:11:36 PM
 #737

The parameter generation, in a non-interactive zero knowledge system is always going to be an issue, unless its created through a consensus..
Interactive would mean you'd need the other party to be online to redeem your input, so we're working on a way of sending your funds into infinity, where they will be redeemed from infinity.
At a base level there's always going to be some sort of mixing involved, whether its destroying/minting, or whether its using some sort of tokens, etc..

"we're working on a way of sending your funds into infinity, where they will be redeemed from infinity."

After thinking about this for a while I am still not sure if I completely understand what you mean. I have read the zk-snarks whitepaper, etc. Can you elaborate on this point a little?

Thanks!

Coins are removed from circulation, effectively placed in escrow when they are placed in an anonymous output.
We need to prove that we redeemed an output, without revealing which output was redeemed and a redeem transaction would look like a coinbase.
The redeem transaction destroys one of the anonymous outputs but it is not possible to know which one was destroyed.
It won't be possible to use the same output twice, as it would require a secret key which becomes known to everyone when the output is redeemed.
The zk-proof proves the secret key is linked to an output in the set, but only the redeemer knows which one.

Thank you very much! Your explanations really help. I think they also make it easier for people to understand why zk-snarks anonymity is vastly superior to the coinjoin based "anonymous" coins on the marker today.

Can I also assume that it would be best if there was a time delay between when the coins are removed from circulation and when the anonymous output is sent from escrow?

Can the sender purchase an anonymous escrow amount greater than the amount he ultimately wants to send the recipient (the remainder of which he can redeem for another transaction later) so that the amount of coins removed from his wallet will not directly match the amount of coins the recipient receives?

The outputs can be broken up into set values, i.e.: 100000, 10000, 1000, 100, 10, 1, 0.1, 0.01, etc..
So if you send someone 13921.301 SDC, the outputs available to them would be 10000, 1000, 1000, 1000, 100, 100, 100......, 10, 10, 1, 0.1, 0.1, 0.1, 0.001.

The redeemer would be able to redeem whichever output he wants, as they will all have different secret keys.

Now that you will be able to do things like this, it doesn't really make sense as what you really want to accomplish is breaking chain history.

Once the history has been broken, you have a fresh coinbase, with no trace where it came from, so it wouldn't make sense to send an anonymous transaction immediately afterwards, as you will incur more fees.
LucyLovesCrypto
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September 21, 2014, 12:15:49 AM
 #738


The new UI, which is based on HMTL5 technology, will be released later this week for both desktop and mobile (ShadowGo) with ShadowLite support. We wanted to get the bloom filters (which are required for proper working of the lite wallets) in place for the full nodes.

Stay tuned for more exciting updates this week!


"This week" is now over in South Africa (where dev is located) and we dont have a new UI. How much longer should we expect to wait?

What was the exciting update we were supposed to be waiting for?

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September 21, 2014, 01:12:58 AM
 #739

Charts look sexi as shit... we just had a BULLISH kumo twist And there is no cloud in our way its forming below which is another BULL sign   Grin BULL MARKET forming  Wink



Couldn't agree more

Just Nao Tomori and Bitcoin ( ͡° ͜ʖ ͡°)
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September 21, 2014, 01:25:41 AM
 #740


The new UI, which is based on HMTL5 technology, will be released later this week for both desktop and mobile (ShadowGo) with ShadowLite support. We wanted to get the bloom filters (which are required for proper working of the lite wallets) in place for the full nodes.

Stay tuned for more exciting updates this week!


"This week" is now over in South Africa (where dev is located) and we dont have a new UI. How much longer should we expect to wait?

What was the exciting update we were supposed to be waiting for?


No its not, jeez man ADD much.
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