/biz/ - Business & Finance

>>52278862
FAQ:
>telegram
t(dot)me/DiscreetNetwork

>why is the presale on BSC if its a layer-1
the bsc stuff works as a ledger to keep track of whats owed on mainnet once its launched

>when listing on CEX
along with mainnet, confirmed for Bittrex

>team
scandinavian, no stinky jeets

>why is it superior
SCRT is DRM-tier privacy.

>what consensus
confidential proof of stake (anonymized staking) with hotseat comittee

>price target when it hits CEX
undecided. mainnet set to launch 2023, testnet = online

>why am I seeing "jeets", "curry" etc.
ERC20 tokens gets shilled on /biz/ every single fucking day, this is a layer-1, the network is live. they're seething you're not throwing your ETH/BNB at their rugpulls.

>>52278870
>>52278862
This OP is so fucking shit, if we're gonna have generals, include better info, Discript is coming out, Aurem is coming out. The chain is instant finality with subsecond blocktime once Aurem is enabled, ring-sizes cannot be compared like that. Please do better.

t. DIST holder

>>52278870
>>52278862
Btw I just copy pasted this OP from previous thread.

>>52278862
You linked the incorrect prev. thread this one is from like a few days ago

>>52278862
IF FTX EVER LISTS THIS IM FUCKING SELLING. IM DOWN -23K BECAUSE OF HIM. EVERYTHING HE TOUCHES IS CURSED.

>>52278862
took a screenshot the day i bought to rub it in /biz/s face after CEX listing.

>>52279170
Based privacy enjoyer.

I'd call for mods but they likely made this new rugpull so there's zero point.

>>52278862
Never forget.

>>52278862
>aleph (aurem)
What do you mean by this ?

>>52279380
https://arxiv.org/pdf/1908.05156.pdf
Aurem is just a ZK implementation of this, the full specifications for anonymized weights are still coming out, but it's already a solved problem.

https://eprint.iacr.org/2020/533.pdf

t. chronic whitepaper reader

>>52279482
academia enjoye

>>52278862
dumping all dischans

>>52279700
Now draw her coding TempleOS.

>>52278862
Pajeet rug pull general

>>52278870
>the bsc stuff works as a ledger to keep track of whats owed on mainnet once its launched
The premine, right? How much of the premine you are owed?
>confirmed for Bittrex
Remember when Bittrex delisted Monero, Zcash, and like Dash? And then Zcash complained that they really didn't offer any privacy at all, so they got put back on:
https://u.today/zcash-is-back-major-cex-bittrex-relists-zec

So how will Discreet handle this?

>this is a layer-1, the network is live

People have said this multiple times but it is not true. The network is not live. Only a test network is live.

Right now the presale is like 50 cents per, which means that it's priced as if the market cap at launch will be at least 135 million. Is that possible? Sure. Is it all that likely? Not really, most cryptocurrencies aren't born just shy of top 200 coins. Tons of people bought tokens at 10 cents and are awaiting a chance to dump.

In fact, the mere fact that these threads exist is evidence of inorganicness. If you go and buy 1000 for 500 bucks, would you come here and shill it? Why? No one can buy your bag yet, and it can't even increase the market cap. The only people telling you to buy are people linked to the project itself, who are the only ones allowed to sell.

>>52280140
>confirmed for Bittrex

The legal opinion was posted in their TG, Discreets Bitcoin-like scheme allows it to get listed + they're compliant with MICA

>>52280140
>The network is not live
The network *is* live, you're right main testnet is not accessible if you don't have 3k DIST as its incentivised, but anyone can literally spin up their own network at any point from the git source

>>52280140
>50 cents per, which means that it's priced as if the market cap at launch will be at least 135 million
you're just bad at math, mcap on launch will be at most 10m at current price, and .1 strike was for a month or less I believe, the reason was: as project moves on from being a whitepaper to actually being a live network, risk decreases, and inversely the price.

>>52280140
>evidence of inorganicness
no one is telling you to buy shit nigger, we're just discussing testnet, more people should get on to privacy coins, I don't care if your favorite one is Monero because le drugs, or Discreet because le speed, but the fact that more are showing up is good. I own both XMR and DIST, but do you think /xmr/ is for pumping market cap or for discussion of the project? Testnet launched a week ago, i'm in it, so are a lot of other people, i don't know if FUD or actual ignorance but, whatever.

>>52280105
at least 4 ETH pump & dump pancakeswap coins in catalog right now being shilled & you chose to call a project in testnet a jeet scam. is this wagmi marketings new strategy? FUD so their shitcoins get attention? its all so tiring

>>52278862
instant finality, please add this to the next OP, its crucial & discreet has it.

>>52280327
FUCKING MODS DO SOMETHING FFS

>>52280347
mad?

>>52278862
Why do these threads only get posted during the daytime hours in India?

>>52280140
>There is no blockchain
Hmmm then what the fuck am I running

>>52280233
>The network *is* live, you're right main testnet is not accessible if you don't have 3k DIST as its incentivised, but anyone can literally spin up their own network at any point from the git source
WHAT HELLISH COPE IS THIS YOU FUCKING SCAMMING RETARD? JUST SPIN UP YOUR OWN ORPHAN NETWORK? WTF AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAAHAHAHAHAHHA

>>52280454
Clearly, you don't know what incentivized means.

>>52279482
Do you know the minimum amount required for staking?

>>52280413
Just checked, it was 5 AM in India you moniggeroo

>>52280233
> main testnet

Hold on, is it mainnet? Which is to say, it's the actual network, which, if you get on it and have 100 discreet, then you will have 100 discreet you can SELL later. Or is it TESTnet, which is normally used to refer to a network that is spun up by the devs with candidate builds, but wiped and not maintained (usually such networks have artificially lower difficulty, or a huge premine so that no one will be tempted to confuse it for a real network)?

What do you mean by "main testnet"? Is it a test network, or is it the main network? It can be no other thing besides one of those two. I think we know it's a test network, but I just want to be clear here.

>Discreets Bitcoin-like scheme allows it to get listed + they're compliant with MICA

Wait so it's not private? Monero was delisted because it is private. This things whole bit is that it's private, right? What do you mean by "compliant with MICA", which is some structure by which cryptocurrencies are regulated?

> mcap on launch will be at most 10m

A full 90m is reserved for some premine, out of the 270m. Maybe that won't all be available right out the gate, but still, come on.

> we're just discussing testnet

Maybe you are, but there's a ton of shillery on this coin recently, in a variety of threads.

>>52280468
What does incentivized mean

>>52281986
>doesn't know what mica is
>hasn't read tokenomics
>a ton of shillery

Dude it's a new L1 that's in pre-sale exactly like Ethereum or AZERO, of course people are gonna talk about it.

>>52282569
It means you get paid to test the network

>>52283752
How do I verify and get the 500 DIS btw? I signed up for incentivized and got the telegram link now what?

>>52278862
Scam. They siphoned the money through their privacy network so we can't even track what it's going towards

>>52283905
you literally just wait for it to finish being closed testnet and the wallet you used for the signup via metamask will get paid out they said. sweet 250 bucks for doing nothing.

>>52283939
i see you every thread, and you always bait someone to reply 'privacy network', 'literally not possible', 'dev funds view key', but I just think its funny aat this point lmfao

What are the odds of this following what AZERO did when listed, and what are the odds of this doing... nothing when listed?

>>52278862
>set in mexc limit order last night
>wake up
>its filled
>SBF has kiked out more than ever before, its now worth 4.5% less just from setting a limit a few cents below
>4.5% less Discreet to stack after paycheck

why bros... why must he be like this?

Remember to not buy tokens in presale but wait for the post launch dump.

Tokens started selling at 10 cents and devs preplanned scalling the price so its currently 50 cents despite the token being in presale for a year and a small portion of the supply has been sold thus far

>>52278862
OP youre a fucking retard. And since you are too stupid to understand the FUD by yourself, let me help you. You dont shill a gem while its in an ICO, that makes everyone poorer. You want the ICO to stay small and you dont want the project to reach its maximum supply. 10.000 dist can either be 0.0002 % or 0.0001% of the maximum supply. Guess in which case you will gain twice the amount of money?

You want to shill a project only AFTER the coin supply is set, for example when you can trade it on the market. So please, for Gods sake: Stop these stupid generals and stay quiet. Or even better, start fudding this stupid pajeet scam.

>>52283989
My previous take, specifically on this:

I hold Discreet, Seraphis will be implemented before mainnet launch (as per their development update posted a few days ago). Their modus operandi is to support various tx types, so Seraphis will be used for bridges/swaps where multi-sig is required, I think they worked with Sarang on the Triptych paper to address the multi-sig issue, because it's active right now, and I looked over "Discreet Core" (their C++ cryptolib) and it's a modified one of the initial PoC that was published.

The reason I'm bullish and decided to bunch a dump of BNB into this is because it's so fucking rare to see a team actually work towards something useful. I think you have a point that 86k tx/s is not gonna mean automatic adoption, but when Discript comes out, with their grants they have talked about, then it's very obviously likely to attract ADA developers that got treated as exit liquidity by IOHK.

If AZERO (which Aurem, their confidential proof of stake protocol) is anything to go off of, fees will be really slow because hotseat comittee + inexpensive hardware to validate blocks = cheap fees while still being manageable for validator node operators.

I'm in, I don't care if it goes nowhere, I'm happy to hear they got the CEX listing, we need more privacy coins regardless, and for once I'm happy in 6 years of browsing /biz/ that there's a coin that's not poopoo. I'm in the testnet group right now, and it's filled with (non-team) developers trying to build shit, so that's a good sign. An earlier thread I read had an API setup that was public-facing and there's talks of independent web/mobile wallets.

>>52284121
Community is good, discussion about a project is good, especially if it can catch the eyeballs of other developers for that ecosystem. Once IOHK goes the way of Enron, that's gonna be... exciting.

Devs are rugging GET OUT NOW.

>>52284252
>devs are rugging
>get out n-
what the fuck are you even talking about anon its an ICO for a new blockchain not a pancakeswap jeet asset.

>>52284228
>Community is good
I never stated the opposite you dense motherfucker. Just wait some more months. Everyone buying into the ICO make you poorer. I wish /biz/ would understand basic percentage calculation... stupid kindergarden

>>52284281
Retard take.

>>52284121
>You want to shill a project only AFTER the coin supply is set

There will be exactly 270,000,000 discreet coins. 90,000,000 will be premined, 180,000,000 will be mined once the real net is launched, over some schedule I could not actually find on the website but may in fact be there.

This thread smells like curry

>>52284345
>90 million will be premined
wrong, as its looking right now initial supply is 10 million, that's including dev treasury
>180,000,000 will be mined once the real net is launched
over a period of 10 years, and it's more since see above.
>max is 270m
no, tail emission will kick in at this time

so wrong on all accounts.

>>52284373
>wrong, as its looking right now initial supply is 10 million, that's including dev treasury

No, this is what is on their website. If this wasn't accurate, they would update it, on their website.

>no, tail emission will kick in at this time
Again, not in pic related on their FAQ
https://discreet.net/faq

If any of what you said is true, then their frontfacing claims are severely out of date. Adding tail emission and not mentioning it under their tokenomics section is a pretty big omission.

>>52284228
>Seraphis will be implemented
Seraphis, which is still over a year away from being launched and is not even coded yet by Moneros developers,is somehow going to be "launched" by this scam. This retard even cited sarang who has nothing to do with it.
>86k tx/s
And zero adoption to match
>'m in the testnet group right now, and it's filled with (non-team) developers trying to build shit,
Translation: I'm in a telegram pump and dump group and please buy my bags they are heavy.

These jets are even trying to make their own version of Monerochan. Fucking kys.

>>52284473
basic reading comprehension: Sarang cited on triptych, which he did indeed develop and Discreet uses. 86k tx/s is adaptive. I anticipate you people, I'm gonna guess you're either a) in "Christmas Token" or whatever the fucking 4 millionth dog pump and dump dog coin being shilled here, or you're just dense as a fucking library.

>>52284439
this was written before P1 ICO I believe, its been updated in an article published, guess that wasnt reflected in FAQ, I'll see if I can dig it up.

>>52284506
Fuck off. You completely ignored my main criticism (e.g. that you are launching seraphis ...which makes no sense if you are already using triptych anyways) EVEN THOUGH IT IS NOWHERE NEAR COMPLETION.
Total scam. Yhxhs

>>52284531
Seraphis is specified to a point where Janus-resistance, sub-addresses, flexible anonymity sets and multi-signature is possible. I can't comment on if they have an actual implementation, but it is in a state where it can be implemented.

>>52284598
Literal buzzword soup. Seraphis is nowhere near completetion. Kys scamming pajeet.

>>52284614
https://gist.github.com/tevador/50160d160d24cfc6c52ae02eb3d17024

>>52284614
at the very least know what youre talking about if you're gonna attempt fud

>7 days since a new privacy L1 testnet launched

literally counting the days that a TESTNET is still alive. god this is sad. celebrate guys! the testnet has been alive and kicking for 7 whole days!

>>52278862
Privacy is a red hot topic right now.

>>52278862
>on-chain private contracts
>Smart contracts
Like Oasis, Secret, Railgun and Mina Protocol?

>>52284688
None of these are ringsigs, none of these have CPoS, next? SCRT, the only mainly relevant one relies on DRM-tier protection of their contract and the way to deanonymize their contracts would be by validator nodes which are located in... *squints*... Israel.

>>52284644
Yeah it's in development you retard. How about you post the MRL chat logs where they clearly are still far away from actually implementing anything.
>>52284654
>Attempt
Nigger. This is a scam. This "project" has no adoption. Literally zero. It's proponents are five pajeet using sock puppets and then claiming that it is going to be better than Monero in every way. They lie about what is actually being made and they use every buzzword possible to make the project sound intelligent. It's a scam. Telegram should be a dead giveaway because nobody privacy minded would shill a project that is based on telegram.

>>52284727
>shill a project that is based on telegram
https://github.com/DiscreetNetwork/Discreet

now kys nigger

>>52284711
Railgun works with base Ethereum only. Doesn't have nodes or validators other than the Eth network nodes. Definitely can't be deanonymized without disrupting Eth itself
>SCRT, the only mainly relevant one relies on DRM-tier protection
False

>>52283939
There is nothing wrong with keeping one's on-chain activities. If you're struggling to understand that, you can go kys

>>52284854
>keeping one's on-chain activities
keeping it private**

>>52284778
Nah, not gonna read that. I know a scam when I see one.
You keep holding those bags bro, lemme know how that works out LOL.

>>52284870
>nah I can't do due dilligence for shit and will continue to get fucked by biz

I guess you're more of a ERC20 one time pump and dump kind of guy.

>>52284840
It's the standard for privacy on Ethereum for a reason. Aztec is a good option as well, although it seems to be quite centralized and not very secure

>>52278862
privacy is inevitable and you cannot convince me otherwise, I frankly don't care which project wins as long as its decentralized enough

Privacy is the only safe hedge for the future of crypto.

>>52278862
I'm launching a YescryptR16 algorithm (PoW) Bitcoin fork. It will be very interesting, because we already have a CEX listing confirmed a week after launch and a handful of influencers on board to make a push on this.

We have plans to also fork 4chan and make our own imageboard, with adspend payable in our native coin.

There are a lot of details I'd like to share here, but it seems that jannies have made my info sheet "banned text". If you're interested in learning more, launch is in approximately 2 weeks so you have some time to get educated about the project and prepare for launch. Picture is related, hop on TG and shoot me a DM for more information or the group invite.

It fucking runs on Arch.

>>52287185
so wait, there's an actual blockchain running? why do you buy it with BSC then? my interest is piqued

>>52288049
testnet is running, flawlessly

>>52287185
Neato