/biz/ - Business & Finance

>>11596397
Info dump 2 :

I don't know much about XMSS but it seems to be a merkle based system, and if it is like other merkle based systems I've looked at, it's security comes from only using each key once. That is all well and good, but if that is your approach then a wallet that defaults to using a new address for each change and each payment so you end up only using a given key once gets you the same protection. Snowblossom 1.3 wallet does this by default.
As far as the large RSA keys, they can be still be broken by a quantum computer that is big enough, but making them larger is not at all easy so probably buys at least a year, probably more like a decade between one big enough to break normal elliptic curve and the large RSA. But really, no one knows. Some of the big players (like IBM) have put out statements basically warning to be ready for quantum computers.
NIST is running a contest for post-quantum cryptography. There is a bunch of interesting work being done there: https://csrc.nist.gov/Projects/Post-Quantum-Cryptography/Round-1-Submissions
So one of the key advantages of Snowblossom is the signing system is already modular so adding a new signing method will be easy. So we are well positioned to adopt the winner or finalists of the NIST contest as that moves further along.
For a long term investor, that would look like using qhard keys in Snowblossom and then once we adopt one or more algorithms from the NIST contest and update snowblossom, an investor will want to move their funds from a large RSA protected wallet to the new algorithm. Hopefully, given how hard it is to add qubits to a quantum computer the window to do this will be at least a few years.

>>11596403
Info dump 3 :

>"Without really meaning to, the projects I've worked on have ended up being an in depth study of Bitcoin internals. With my mining pool software I had to get rather intimate with block details. With my electrum work I got to learn a great deal about UTXO databases, fast and stable local data stores (rocksdb FTW) and the various ways to index and think about block chains. This has put me in the position to do this snowblossom work learning from many Bitcoin lessons."

>perhaps some of the 'how to pack multidimensional message spaces as efficiently as possible' -approaches could yield something for the known-stable packings, but i have no idea where to being looking into that yet

>the culture here is more like you have to learn in order to get SNOW.

> Lead dev knows 4Chan is onto him. "In two hundred years they will write in the history books about how the new founders the next phase of civilization met on 4chan (this is a joke)


Ironically we know main dev has wallets going back to 2011 AT LEAST. likely, beyond that, just haven't been able to confirm
All he said was, "I've done some bitcoin projects but am new to the forum here." April 29 2012.
Sounds like something Satoshi would have said if he returned after a small break.

Info dump 4 :

"Main dev for SNOW is scouting from NIST post quantum cryptography mailing list Confirm in the Snow slack This is the guy who built the first BTC infrastructure..."

o we are well positioned to adopt the winner or finalists of the NIST contest as that moves further along. For a long term investor, that would look like using qhard keys in Snowblossom and then once we adopt one or more algorithms from the NIST contest and update snowblossom

Snowblossom is designed to cripple specialized hardware attempts by requiring an expanding, massive amount of readily available storage, and relies on the IOPS of that storage. In theory, even millions of dollars in equipment would not be capable of delivering much faster storage or ram.

SNOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOW

Info dump 5 :

"it appears chain checkpointing has been achieved by Snow. This means that Lite Nodes, full nodes, all that shit is a thing of the past now. Originally chain size wasn't an issue because there was more nodes, everyone who ran a wallet was a node basically. ETH chain size is like 1 TB now making it difficult AF to sync especially since you download it p2p. Another thing that checkpointing will change is blocksizes, since the chain can be kept minimal and segmented blocksizes can be left alone, while normally they are kept limited at 1mb in order to prevent large pools of miners from spamming extremely large blocks - downloading them first (due to block propagation time) and then getting a head start on the next block.


Snow has this thing called fields, it has something to do with the difficulty and chain/block size. This is novel tech. I am still looking into it. If Snow doesn't encounter anything "breaking" then they should be able to overcome the chain and blocksize problem.
This might be groundbreaking.

It might be something like max chain size at snowfield 11 (2 terabyte) which is probably hilariously larger than the solarsystem mining or something
The chain allows for reorganization and all the UTXOs are stored in the blockheaders (which is fucking amazing, simply put)"

A dev says :

"I'd say it's off on several things.
* Chain size has nothing to do with snowfield.

* The point of PoW in general is to act as a minting limiter. The problem has been that people made highly specialized patented hardware that gave them extreme advantage. This extreme advantage and limited ownership means whoever owns production of them dominates. Period.

Snowblossom is based on general IO, which is a problem in most all things in the world. So no one really has that advantage, because storage is so common.

At worst, we figure companies would have to invent faster storage, and ask : Is good for the world?"

-twu

literally 0 official info anywhere

what the fuck is that website? where is the roadmap? how do i know where this projects wants to head

i'd throw a couple of hundred into it, but the lack of any details regarding near future, team or whatever is shady af anon. dont care about your pseudo-trip

>>11596615
Always with the website. Christ. I think you simply haven't done enough exploration. Join the Discord. Ask questions.

I like how people can be turned off a crypto project by the website. I honestly don’t think they should ever change it.

>>11596615
>literally 0 official info anywhere
>what is github

>>11596685
i might do that if that's the main channel for communicating more info about the project

i'm extra wary re: anonymous founders and lack of more public info

thanks anon

Bump. This could be a sleeper.

>>11596776
The founders are publically known. With the main dev being the guy who created several of the first Bitcoin projects and without a doubt played a pioneering role in this ENTIRE ecosystem (first mining pools, wallets, explorers). He just stayed out of the spotlight and instead took a humble position at a small company called Google.

lots of bold claims. seems too good to be true

>>11597056
“If you don’t get it, or don’t believe me, I don’t have time to explain it to you, sorry.” - Satoshi

>>11596397
Hahahahaha anyone who buys this shit has noone to blame but themselves when they lose it all

>>11597241
Nah man.
How much longer we have until this explodes is the real question.

>>11597264
Kek good one shillbro

>”I’m unironically getting btc vibes”

Holy shit kek

>>11597285
>>11597349
Imagine being this blind. I'm not even twu but if you can't see the GROUNDBREAKING tech this has then you simply cannot be helped.

>>11596397

are these guys open source / have an open dev team?

if they are all vitalik style nerds, would be interesting to help out


snowblossom was polling hard on here 2 days ago btw, at least top 5 with ~20 mentions, kind of covered up by link threads today

either way, track it on merv.tech

>>11597411
Nice.

Join the Discord and dive in.

>>11597241
Now you're just being ridiculous and completely unrealistic / unreasonable.

>>11597589
will give it a look, interested in the tech

Next xrb here! Gaining traction

>>11597620
XRB went to 0.005 cents though. This is a bit more expensive....but you all remember how that has gone. Sometimes it just doesn't matter. Either way, I am very excited.

bump

The Phoenix Rose

I'm trying to get the logo that they just changed the Discord too. Looks nice.

13,000 sats again. Nearing 2 BTC volume. Looking good.

>>11598310
Will buy 200 of these

>>11598420
Solid play. As I've said. Ladder into this like BTC, and I doubt you will be sad about it in 6 months to a year.

>>11598432
212.1 enough to make it?

>>11598442
Time will tell. Wait a month or two, save up enough to continue adding in. Buy like BTC, trade few, as miners will take care of trading, until there's recognizable, or at the very least, a nother couple exchange, Coinmarketcap listing, etc.

Don't ever use Liquid boys... I just moved my shitcoin stack there to sell for more BTC and now I'm stuck with $600 in funds I can't withdraw because of KYC. I was going to buy more SNOW.

>>11598620
liquid is a regulated exchange, of course you should have known better and done the kyc first.
they also take about 1 working to withdraw funds out

>>11598480
cant buy shit now. my funds are stuck holding xrn bags that wont do shit besides going sideways.
when i can break even there, i will repurpose funds to buy that instead of xrn shit

>>11598674
They're reviewing my documents right now. But you're right. The only other place I could've sold my stack is IDEX. Probably should've tried it first though.

>>11598684
I should really say "bags I'm 50% down on" instead of stack.

Just put my life's saving into snow. I'll reference this post when I'm the next Elon musk

Screen cap this

>>11598684
>>11598695
the fuck were you holding?
and why selling at -50% ?

>>11596397
i just bought a few hundred and am hoping qnt moons fast enough for me to take out initial and then put it into snow for safe-keeping.

>>11598726
Funneling is always a good idea in a situation like this.

>>11598620
Kek
Why would you use liquid when we have p2p digital decentralized cash now?

how much snow can 1 make while mining?

>#greentext

>>11598955
Slick AF.

14,000 sats incoming.

>>11599119
I think it's not easy. Consider market buying as well when you're comfortable to help the cause.

>>11599497
Do the needful sir

>>11598442
That's about half a million USD worth around 2019 Q2.

I'd pick up at least 500 more SNOW and you've effectively secured you and your family's future. Good luck, just accumulate and you should be fine.

>>11599497
It's not that bad actually, you can still solo mine. ASICs being a thing of the past is amazing. Within 2 years this will have more nodes and hobby miners than BTC.

So you’re telling me if I throw $500-1k at this bad boy I’m gonna make it

poor neet here - got 50 snow blossoms

will it make it :3

>>11599837
If the prophecy is true and we will have a decentralized future. Yes.

super cool. crazy decentralized tech! buzzing!