[SDC] ShadowCash | Welcome to the UMBRA

[LovSan]

It has been ages since I last posted on BitcoinTalk after serving out my second ban lol

Anywayz, covered the public testing here.

Good article, I liked it 

Once zk gets out of beta, I look forward to many such articles. We need to build the number of SDC users. Right now I only see 164 addresses with over 1000 coins:
http://sdc.blockexplorer.cc/richlist/index.php?min=1000

And only 280 users with over 100 coins. But those appear to be staking users. According to my calculations 12,352,120 coins were issued in the PoW and about half of those are appearing on the block explorer, so I guess half the coins aren't staking.

But being about half of that half is held by a dozen or so people, there is no way for these coins to be distributed without a major dump. So I'll wait!

Where did you get these numbers?

[LongAndShort]

It has been ages since I last posted on BitcoinTalk after serving out my second ban lol

Anywayz, covered the public testing here.

Good article, I liked it  

Once zk gets out of beta, I look forward to many such articles. We need to build the number of SDC users. Right now I only see 164 addresses with over 1000 coins:
http://sdc.blockexplorer.cc/richlist/index.php?min=1000

And only 280 users with over 100 coins. But those appear to be staking users. According to my calculations 12,352,120 coins were issued in the PoW and about half of those are appearing on the block explorer, so I guess half the coins aren't staking.

But being about half of that half is held by a dozen or so people, there is no way for these coins to be distributed without a major dump. So I'll wait!

You can wait but it wont help with distribution. Don't know where you are getting your numbers from tho. fyi that is not how staking and blockchains work currently. Coins are not stored in a file on one computer they do not show up when someone turns their wallet on and stakes. They are on everyones computers (blockchain), in case you didn't realise.

Code:

"moneysupply" : 6446477.48432312,

Its a shame in some ways that, but beneficial in the more important ones. I believe that its a slow start on a good project, brought out without the hype but thats the way it is i guess. To many people thinking these projects just have it all on day one. Thats what you get in a highly diluted alt coin space. Hard and fast then all tapped, confused because with jumping form coin to coin they failed to notice what it takes to actually get them going.. I'm ok with it this project the way it is. After all, Shadow is not trying to solve distribution. I don't think any of us would even be here doing this, if we didn't need to test things out. I believe it has the tech to justify and sustain whatever level its market finds. Cant force people to sell something they think they can get more for. See you when and if the world is using it, or at least a larger % of it. Until then tho, make sure you keep an eye out for this project.

[broadsword]

lol was that really a attempt at fud lol pathetic

[Coolstoryteller]

lol was that really a attempt at fud lol pathetic

I'm not sure if I would call it fud. It just seems like his calculations were off, which is an honest mistake. Plus the exchange addresses don't really help either to display the correct number of addresses and corresponding coins.

[LongAndShort]

lol was that really a attempt at fud lol pathetic

I don't think so and i really hate that acronym. It and a few other ones are so loosely thrown around. Some people just need something to pick at, thats all i guess.   Lets get one thing clear tho, unfair distribution is a contributing and driving factor to crypto economy relevance. But its not Shadow that is endeavoring to solve all the issues here. Its focused on anonymity and ease of use.

I believe a major hurdle and phyc barrier for most is; confusing tech made harder by having to manually control most of it and understand it.

[LovSan]

Benny, return to your cave, it's already dark outside.

[Automatic Monkey]

It has been ages since I last posted on BitcoinTalk after serving out my second ban lol

Anywayz, covered the public testing here.

Good article, I liked it 

Once zk gets out of beta, I look forward to many such articles. We need to build the number of SDC users. Right now I only see 164 addresses with over 1000 coins:
http://sdc.blockexplorer.cc/richlist/index.php?min=1000

And only 280 users with over 100 coins. But those appear to be staking users. According to my calculations 12,352,120 coins were issued in the PoW and about half of those are appearing on the block explorer, so I guess half the coins aren't staking.

But being about half of that half is held by a dozen or so people, there is no way for these coins to be distributed without a major dump. So I'll wait!

Where did you get these numbers?

OK I saw 31000 blocks, 400 coins. http://shadow.cash/

[Automatic Monkey]

It has been ages since I last posted on BitcoinTalk after serving out my second ban lol

Anywayz, covered the public testing here.

Good article, I liked it  

Once zk gets out of beta, I look forward to many such articles. We need to build the number of SDC users. Right now I only see 164 addresses with over 1000 coins:
http://sdc.blockexplorer.cc/richlist/index.php?min=1000

And only 280 users with over 100 coins. But those appear to be staking users. According to my calculations 12,352,120 coins were issued in the PoW and about half of those are appearing on the block explorer, so I guess half the coins aren't staking.

But being about half of that half is held by a dozen or so people, there is no way for these coins to be distributed without a major dump. So I'll wait!

Total number of coins in circulation (6.4M) are shown here http://sdc.blockexplorer.cc/stats/

Top addresses seem to be the exchanges. So the number of addresses on the richlist aren't correct. We need more people staking than leaving their coins on exchanges. Didn't anyone learn anything from mt gox and mintpal?

OK that's great information. We can look at the order books and see how many of those coins are being offered for sale and how many are just sitting there.

Maybe a post-PoW mining pool would be useful, it could mine the most profitable coins for any algo you point at it and pay out in SDC purchased at its low sell price on any exchange. It would help people who want to acquire because most of us don't have accounts on all the exchanges.

[Coolstoryteller]

It has been ages since I last posted on BitcoinTalk after serving out my second ban lol

Anywayz, covered the public testing here.

Good article, I liked it  

Once zk gets out of beta, I look forward to many such articles. We need to build the number of SDC users. Right now I only see 164 addresses with over 1000 coins:
http://sdc.blockexplorer.cc/richlist/index.php?min=1000

And only 280 users with over 100 coins. But those appear to be staking users. According to my calculations 12,352,120 coins were issued in the PoW and about half of those are appearing on the block explorer, so I guess half the coins aren't staking.

But being about half of that half is held by a dozen or so people, there is no way for these coins to be distributed without a major dump. So I'll wait!

Total number of coins in circulation (6.4M) are shown here http://sdc.blockexplorer.cc/stats/

Top addresses seem to be the exchanges. So the number of addresses on the richlist aren't correct. We need more people staking than leaving their coins on exchanges. Didn't anyone learn anything from mt gox and mintpal?

OK that's great information. We can look at the order books and see how many of those coins are being offered for sale and how many are just sitting there.

Maybe a post-PoW mining pool would be useful, it could mine the most profitable coins for any algo you point at it and pay out in SDC purchased at its low sell price on any exchange. It would help people who want to acquire because most of us don't have accounts on all the exchanges.

SDC multi-pool: https://www.shadowpool.info/

[child_harold]

[LovSan]

It has been ages since I last posted on BitcoinTalk after serving out my second ban lol

Anywayz, covered the public testing here.

Good article, I liked it 

Once zk gets out of beta, I look forward to many such articles. We need to build the number of SDC users. Right now I only see 164 addresses with over 1000 coins:
http://sdc.blockexplorer.cc/richlist/index.php?min=1000

And only 280 users with over 100 coins. But those appear to be staking users. According to my calculations 12,352,120 coins were issued in the PoW and about half of those are appearing on the block explorer, so I guess half the coins aren't staking.

But being about half of that half is held by a dozen or so people, there is no way for these coins to be distributed without a major dump. So I'll wait!

Where did you get these numbers?

OK I saw 31000 blocks, 400 coins. http://shadow.cash/

https://bitcointalk.org/index.php?topic=700087.msg8112928#msg8112928

[broadsword]

It has been ages since I last posted on BitcoinTalk after serving out my second ban lol

Anywayz, covered the public testing here.

Good article, I liked it 

Once zk gets out of beta, I look forward to many such articles. We need to build the number of SDC users. Right now I only see 164 addresses with over 1000 coins:
http://sdc.blockexplorer.cc/richlist/index.php?min=1000

And only 280 users with over 100 coins. But those appear to be staking users. According to my calculations 12,352,120 coins were issued in the PoW and about half of those are appearing on the block explorer, so I guess half the coins aren't staking.

But being about half of that half is held by a dozen or so people, there is no way for these coins to be distributed without a major dump. So I'll wait!

Where did you get these numbers?

OK I saw 31000 blocks, 400 coins. http://shadow.cash/

https://bitcointalk.org/index.php?topic=700087.msg8112928#msg8112928

read the replies below the link you just added, you will find your answer as to how the pow max is 6.3million

[Longenecker]

I think we should all vote for rynomster (sdcoin) in this thread:

https://bitcointalk.org/index.php?topic=855130.0

[Schild_]

I think we should all vote for rynomster (sdcoin) in this thread:

https://bitcointalk.org/index.php?topic=855130.0

Done

[systh]

Just out of curiosity.. you are on Twitter and Facebook – why not Google+?

Who are you speaking to?

I'm speaking about some official Shadow Google+ page. I believe there's wider "crypto-audience" than on Facebook..

[LongAndShort]

Just out of curiosity.. you are on Twitter and Facebook – why not Google+?

Who are you speaking to?

I'm speaking about some official Shadow Google+ page. I believe there's wider "crypto-audience" than on Facebook..

I agree, although, i just assume no one really uses it but there is no point in missing opportunity, right?. Feel free to make one, thats the beauty of crypto economies. Its a community thing not a business.
Align yourself with that and you will be in good stead to support the industry more effectively as opposed to leeching from it

[systh]

Just out of curiosity.. you are on Twitter and Facebook ? why not Google+?

Who are you speaking to?

I'm speaking about some official Shadow Google+ page. I believe there's wider "crypto-audience" than on Facebook..

I agree, although, i just assume no one really uses it but there is no point in missing opportunity, right?. Feel free to make one, thats the beauty of crypto economies. Its a community thing not a business.
Align yourself with that and you will be in good stead to support the industry more effectively as opposed to leeching from it

Are you really telling me to start official Shadow Google+ page?
Not that I'm saying I'm not up for it..

[LongAndShort]

Just out of curiosity.. you are on Twitter and Facebook ? why not Google+?

Who are you speaking to?

I'm speaking about some official Shadow Google+ page. I believe there's wider "crypto-audience" than on Facebook..

I agree, although, i just assume no one really uses it but there is no point in missing opportunity, right?. Feel free to make one, thats the beauty of crypto economies. Its a community thing not a business.
Align yourself with that and you will be in good stead to support the industry more effectively as opposed to leeching from it

Are you really telling me to start official Shadow Google+ page?
Not that I'm saying I'm not up for it..

Sure, its the crypto economy spirit at its very core. If one day you walk away you just give the logins to someone who is staying to support the project. I'm sure you can wrap your head around this.
But it is a responsibility, you do understand that i'm sure. This is how these projects really grow, everyone chips in to support it and its core dev team.

[LongAndShort]

Can anyone help me explain:

If blockchain is unreadable, in combination with snarks and rings and what not. How can we be sure of the total amount of coins in existence? Is it still possible to see that? What if someone would try to cheat the amount?
Sorry for my Noobiness.

Not a noobiness act at all.. Its just kinda hard to explain without a page full of context but ill try to put it simply.

Each transaction has to be verified just like any other bitcoin like system. This is the bitcoin protocol. It first has to be proven it exists and has not been spent already

The aim here is to break the link between sender and redeemer.
This is done using stealth addresses, a secure commitment scheme and ring signatures to make a zero knowledge proof that acts like a lock box, as i understand it.

A commitment scheme allows one to commit to a chosen value while keeping it hidden to others, with the ability to reveal the committed value later.
A ring signature is a type of digital signature that can be performed by any member of a group of users that each have keys.
A zero knowledge proof or zero knowledge protocol is a method by which one party (the prover) can prove to another party (the verifier)
that a given statement is true, without conveying any information apart from the fact that the statement is indeed true.

Each transaction has to go through a rigorous security protocol to be verified just like bitcoin.

[pookielax31]