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52406675 No.52406675 [Reply] [Original]

cont'd
>>>52366138
2 weeks since a new privacy L1 testnet launched. First time a decent L1 has launched. Still in ICO.

TLDR:
quick rundown:
>utxo based on-chain private contracts
>63 ring size vs. monero 16
>aleph (aurem) confidential proof of stake (84k tx/s achieved on 16 nodes in 4 continents)
>supports transparent tx
>approval for listing on Bittrex
source: https://twitter.com/FrederikMarkor/status/1532998936188837888
>rumors of top 5 exchanges (kraken, binance incubator)
>presale open for a couple of weeks more

for the uninitiated:
(ICO still ongoing)
https://discreet.net/
https://github.com/DiscreetNetwork/Discreet

whitepaper
https://github.com/DiscreetNetwork/TechnicalPaper/blob/master/Discreet.pdf

>> No.52406688
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52406688

>>52406675
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

>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

>> No.52406714

I got 30k, meaning 3 of those nice and shiny Discreet physical coins

>> No.52406762
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52406762

>>52406714
5 coins to my name, wonder when they'll start to mint. it'll be the first IRL collectible in a long time.

>>52406675
new

>> No.52406963

>>52406675
>Latvia
Probably a Russian scam

>> No.52407013
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52407013

>>52406963
Everythings a russian psyop. Dumbest take so far.

>> No.52407337
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52407337

>>52406714
>>52406762
Physical coins?

>> No.52407513
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52407513

>>52407337
Yeah.

Like the original BTC coins, webm related, posted on their twitter, dont think it'll happen before mainnet launch though

>> No.52407626
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52407626

>>52406675
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

NO FUCKING WALLETCONNECT OPTION FOR ETHEREUM. How the FUCK do i get BNB without binance ?

>> No.52407754
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52407754

>>52406675
Next up: XMR-bros edition. Goal is same, not a winner takes all game, coins have different purposes

>> No.52407903

>>52407754
The hostility is literally fueled by XMR maxis who cant cope with a new ringsig project tho, i hold both. XMR is never gonna be a 10x in the near future

>> No.52408054
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52408054

>>52406675
protip: instead of downloading from the website, download the staging branch instead, you'll get a much nicer wallet for testnet. thank me later, dist-anons.

>> No.52408146

>>52408054
Link?

>> No.52408186

Relax Moniggers, i'll be sure to get a few of your ancient coins with my DIST earnings to pay respects.

>> No.52408268

>>52408186
Ill trade you my SOL right now for this

>> No.52408283

congrats on making a convincing waifu unlike ztrannies
unfortunately PoS makes it a no for me financially, but its good to have someone developing competing privacy tech

>> No.52408300
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52408300

>>52408268
BLESSED DOG ID

>> No.52408425
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52408425

I keep seeing this coin here, can someone just tell me why this over monero?

>> No.52408453
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52408453

Almost missed this thread: 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.

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.

>> No.52408622

>>52408453
Wouldn't be a thread without you, dogposter.

>> No.52408799
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52408799

>>52408425
presumably the larger ringset and speed? there's no specifics on programmability yet so im taking a shot in the dark here and saying thats like 1+ years out.

>> No.52408904 [DELETED] 
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52408904

My ID will determine the future of this project.

>> No.52408952
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52408952

>>52408453
>>52408799
Imagine coming to biz and talking about development to give the illusion of legitimacy

>> No.52409167
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52409167

>>52408952
>talking about development to give the illusion
looks pretty fucking active to me. its a sunday lol.

t. testnet enjoyer
>pic related

>> No.52409387

>>52408268
No one in their right mind would do this.

>> No.52409430

>>52406675
Scam. They siphoned the money through their privacy network so we can't even track what it's going towards

>> No.52409449

>>52409430
ITS A TESTNET YOU DUMB NIGGER EVEN IF THAT WAS HYPOTHETICALLY POSSIBLE, IT IS WORTHLESS TEST COINS. MAKE SMARTER FUD. I will keep saying this, and you will keep posting the same retarded FUD.

>> No.52409625
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52409625

while everything is collapsing we can take solace in the fact that DIST mainnet will launch during bullmarket

>> No.52410085
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52410085

>>52408425
Instant finality is probably what sells it for me.

>> No.52410485

>>52408283
i don't understand all the hate PoS is having. care to explain?

>> No.52410776

comfy hold i got my stack at 0,10
guys behind this coin keep to their promises well, at least mostly, we are a bit behind the schedule if you check roadmap (by "a bit" i mean a year of so but oh whatever)

>> No.52410827

>>52410485
PoW is the cancer of any network. It's just a disease.

>> No.52410871

>>52410085
That's a manlet

>> No.52410954
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52410954

>>52410871
chronically online

>>52410776
you were in when it was fucking .1? that was like a 40 day window

>> No.52411270
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52411270

Just sent the most private transaction on the testnet. Dero-virgins cope.

>> No.52411330
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52411330

>>52406675
Anon, you forgot.

>Live explorer
https://explorer.discreet.tools

>Testnet faucet
https://faucet.discreet.net

>> No.52411537

>>52411270
https://explorer.discreet.tools/block/details/19625afe2746866dd59df2365000198254d8f95772d19d0c1b07784dd1b6d75e

This you?

>> No.52411933

>>52411537
Couldnt tell you.

>> No.52412020

>>52410485
it creates an oligarchy where the richest holders have the most say in the system, and concentrates the powers of creating and approving blocks into one
just look at ETHs OFAC compliance rate due to exchanges being the biggest stakers

>> No.52412201

I don't want to buy BNB. Is there any faucet on the test network?

>> No.52412279
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52412279

>>52406675
Bought a 4k bag the other day. After testing out the network I am convinced this will hit at least 800m mcap after a few weeks on Bittrex. Thanks biz, sometimes you're not gay.

>> No.52412469

>>52412201
It was already posted by
>>52411330

>> No.52412622

>>52412020
it isn’t entirely POS though because aleph is based. and it’s not traditional POS. there are no staking rewards but instead they’re mining rewards, its using circom and reserve proofs to obfuscate staking amounts. plus it’s probable staking, even if you have a big stack there’s no guarantee you’ll participate in consensus

>> No.52412776

>>52412622
As far as I know it's just a reserve proof with no weighted staking, hence fair mining. I wonder what the DIST amount to be a validator will be... Hopefully not more than 5k. Minting is a randomized non-weighted mechanism.

>> No.52413106

>>52412776
Planning on spinning up a VPS and yield farming until we hit tail emission. Its a great method against centralized staking pools

>> No.52413518
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52413518

Seriously how the fuck do i convert ETH to BNB? i read the whitepaper, checked the github, did due diligence and all i need is this fucking chinkcoin

>> No.52413599

>>52413518
I'm 90% sure there's no kyc sites that will do it for you for a fee or use a dex

>> No.52413743

>>52413518
https://twitter.com/discreet/status/1587227363351449600

>> No.52414150

>>52413743
Based.

>> No.52414288
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52414288

>>52406675
AHHHHHHHHHHHHHHHHHHHH. SBF INSURANCE FUND.

>> No.52414885
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52414885

>>52414288
>88
checked. Welcome distbro.

>> No.52414985

>>52414288
1pbid copy pasting the same purchase image over and over. Ok, now I am really convinced you are all the fucking devs on proxies. Are we getting rugged sers?

>> No.52415034

>>52414985
Hi, AMA monigger.

>> No.52415175

>>52413518
Pretty sure you’ll be able to but with eth sometime before lunch

>> No.52415284

>>52415175
>before lunch
hopefully soon. but I'd like lunch first.