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52542783 No.52542783 [Reply] [Original]

OH SHIT! Testnet is out! Discreet is a privacy layer-1 that uses the same anonymity technology as Monero, but with an even larger ring size (16 vs. 64)

>TL;DR/DD:
Discreet was designed to bring together every meaningful innovation since the inception of blockchain into a single powerful platform, with a focus on true privacy, speed and scalability. Discreet aims to address the shortcomings of previous privacy coins, and ensure long-term privacy for its users. The project combines state-of-the-art privacy technology that allows users to create fully confidential contracts directly on the Discreet blockchain, with programmability and a novel consensus.

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 (embed) (embed) (embed)
>rumors of top 5 exchanges (kraken, binance incubator)
>presale open for a couple of weeks more

for the uninitiated:
(presale still ongoing)

>website
https://discreet.net/

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

>github
https://github.com/DiscreetNetwork/Discreet

>> No.52542796
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52542796

>>52542783
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, Bittrex confirmed, Binance likely.

>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.52542800

lol, lmao.

>> No.52542806

>>52542783
scam

>> No.52542810

>>52542806
^

>> No.52542841
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52542841

>>52542783
She's so... perfect.


Monero fud coming in 3.. 2...1..

>>52542806
And I was too late, it's already here! Let the thread begin!

Remember these people when it gets listed on a CEX.

>> No.52542845
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52542845

Not only a scam will infect your computer with a keylogger and trojan if you visit it.
Nice going guys!

Teamwork makes the dream work as they say in old roman times.

>> No.52542862
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52542862

>>52542845
There's no teamwork there's just one fag from XMR (they have a whole cope section) whos shitting up these threads, just let us discuss the project? ty, go away weird old man

>> No.52542877
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52542877

>>52542862
Hiya, Barbie
Hi, Ken
You want to go for a ride?
Sure, Ken
Jump in
I'm a Barbie girl, in the Barbie world
Life in plastic, it's fantastic
You can brush my hair, undress me everywhere
Imagination, life is your creation
Come on, Barbie, let's go party
I'm a Barbie girl, in the Barbie world
Life in plastic, it's fantastic
You can brush my hair, undress me everywhere
Imagination, life is your creation
I'm a blond bimbo girl in a fantasy world
Dress me up, make it tight, I'm your dolly
You're my doll, rock'n'roll, feel the glamour in pink
Kiss me here, touch me there, hanky panky
You can touch
You can play
If you say, "I'm always yours" (ooh, oh)
I'm a Barbie girl, in the Barbie world
Life in plastic, it's fantastic
You can brush my hair, undress me everywhere
Imagination, life is your creation
Come on, Barbie, let's go party (ah ah ah yeah)
Come on, Barbie, let's go party (ooh oh, ooh oh)
Come on, Barbie, let's go party (ah ah ah yeah)
Come on, Barbie, let's go party (ooh oh, ooh oh)
Make me walk, make me talk, do whatever you please
I can act like a star, I can beg on my knees
Come jump in, bimbo friend, let us do it again
Hit the town, fool around, let's go party
You can touch
You can play
If you say, "I'm always yours"
You can touch
You can play
If you say, "I'm always yours"
Come on, Barbie, let's go party (ah ah ah yeah)
Come on, Barbie, let's go party (ooh oh, ooh oh)
Come on, Barbie, let's go party (ah ah ah yeah)
Come on, Barbie, let's go party (ooh oh, ooh oh)

>> No.52542907
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52542907

>>52542845
HAHAHAHAHAHAHAAHHAHAHAHAHAHAHAHAHAHAHAHAHA, you cant make this shit up

>> No.52542916

>>52542907
>heart symbol near the delete button
>google yandex iqdb wait
What does this mean?

>> No.52542935
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52542935

>>52542907
hi newfag. go back.

>> No.52543025
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52543025

>>52542783
Scam. They siphoned the money through their privacy network so we can't even track what it's going towards

>> No.52543047
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52543047

>>52543025
>Prison break
it's a TESTNET there's no money to be transferred through a privacy network. it's monopoly dollars, looking over this thread it seems there's like an active telegram group of Discreet fudders. I wonder if theres a reason for that fud.

>> No.52543055
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52543055

>>52543047
You can touch
You can play
If you say, "I'm always yours"
You can touch
You can play
If you say, "I'm always yours"
Come on, Barbie, let's go party (ah ah ah yeah)
Come on, Barbie, let's go party (ooh oh, ooh oh)
Come on, Barbie, let's go party (ah ah ah yeah)
Come on, Barbie, let's go party (ooh oh, ooh oh)
I'm a Barbie girl, in the Barbie world
Life in plastic, it's fantastic
You can brush my hair, undress me everywhere
Imagination, life is your creation
I'm a Barbie girl, in the Barbie world
Life in plastic, it's fantastic
You can brush my hair, undress me everywhere
Imagination, life is your creation
Come on, Barbie, let's go party (ah ah ah yeah)
Come on, Barbie, let's go party (ooh oh, ooh oh)
Come on, Barbie, let's go party (ah ah ah yeah)
Come on, Barbie, let's go party (ooh oh, ooh oh)
Oh, I'm having so much fun
Well, Barbie, we are just getting started
Oh, I love you, Ken

>> No.52543218
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52543218

>>52543047
>This kills the disjeet scammer

>> No.52543247
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52543247

>>52543218
sneed. weak fud, it's open source you glownigger.

>> No.52543295
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52543295

>>52542877
>>52543055
checked and barbie-pilled.

>> No.52543412

>>52542783
I feed you days have been quiet the last few days. You missed the huge bug one of your mlpfags discovered. Figured you'd have been all over those shitting on them like streets. Not a peep tho... Or was it you posting them? Steadily making fud threads from your 3 post twatter account to go along with your 3 transaction BSC IOU contract. How many interactions are you up now? 4? Did you trick one other person into buying an IOU yet? Pre-sale is going on 2 fucking years now. 2 more weeks tho amirite?

>> No.52543472

For all of those who are interested to stack more Discreet or get in, it's currently for sale on their website for 0.5$ per token but there is also about 6k token listed on 1inch limit orders for 0.4-0.45. A nice little discount from presale price.

You need 3k bought straight from the sale to get access to testnet, but if you're already over that mark or if you don't plan to reach it, might as well pay less

>> No.52543519
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52543519

>>52542783
Why does the same group of fags always shit up Discreet threads? Truly perplexing

anyways let's discuss:
>staking: what's min entry gonna be? I wanna run a node

>> No.52543552

>>52542783
Why ring signatures over zkp?

>> No.52543658

>>52543047
To cultists like you I'm sure you think every naysayer is some paid fudder. No one could possibly find fault with your precious project. I suggest (You) go back to whatever Reddit or telegram you came from if you can't handle criticism.
Your waifu looks like shit btw.

>> No.52544041

>>52542783
>proof of stake
It's shit

>> No.52544210
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52544210

>>52543519
hopefully less than 10k, wouldnt make sense to have it be equivalent to eth with initial network size

>> No.52544484
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52544484

>>52542783
REMINDER: 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.52544571

>>52542783

>uses the same anonymity technology as Monero, but with an even larger ring size (16 vs. 64)

Is there any demonstrable practical difference between ringsizes 16 and 64? Yeah bigger number go brrrr, but in practical terms they're either both untraceable (in almost all cases), or both breakable (in extreme edge cases like repeated EAE attacks). You need at least ringsize >100 (which Monero will implement within a couple years anyway in Seraphis) to begin to have a shot at practically overcoming EAE, though I'm not a researcher.

>with a focus on true privacy, speed and scalability

Yeah, really focusing on scalability by massively bloating transaction verification times and storage/bandwidth costs.

>proof of stake

not a good thing

>supports transparent tx

not a good thing

>presale

not a good thing

>84k tx/s achieved on 16 nodes

Wow! 16 nodes??? Holy shit, almost as decentralized as BSV!
I'm sure this'll fit in nicely with the Dero scammers and Ztroons

>> No.52544769
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52544769

>>52544571
>Is there any demonstrable practical difference between ringsizes 16 and 64?
yes, yes there is.

>not a good thing
>not a good thing
>not a good thing
i disagree with all of this, CPoS will be the new standard and more cryptos will probably adopt it after its been proven viable, if you compare it to something like DUSK its really fucking retarded that this is not more researched, so Im looking forward to seeing it on DIST. "massively bloating", thankfully triptych(+) and bulletproofs+ reduce size so much that a single block with no tx is a negligible amount of bytes, and the block sizes will be autoadjusting so minimal unused space, sufficient decentralization


>Wow! 16 nodes
you're right, itll probably be like 5-6k on a sufficiently decentralized network, but as a whitepaper enjoyer, this figure wasnt intended as the 'this is what we'll ship it with' they were just trying to demonstrate the peak in consensus rounds.

t. I hold both XMR and DIST and hope for good outcomes for both

>> No.52544776

>>52543552
Zkp require a trusted setup to run, hence defeating the purpose of true decentralisation. They also consume too much resources which is why you don't see individuals running nodes but rather larger entities.

>> No.52544801

>>52544769
Proof of stake is a problem because it is inherently centralized; a centralized network is especially no good for a privacy token.

>> No.52544828

>>52544801
>Proof of stake is a problem because it is inherently centralized
read about how aurem chooses head minter, it's not.

>> No.52544854

>>52544801
Centralised lol. Do you even know how consensus is reached? This is not your normal PoS. Node Validation of Txns are purely based on randomness.

>> No.52544890
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52544890

>>52544801
Read

>> No.52545086

>>52544890
>100-1000 TPS
How does that compare to other privacy networks?

>> No.52545102

Scam thread

>> No.52545153

>>52545086
It's much faster than that.

>> No.52545275

>>52544769

>yes, yes there is.

[refuses to elaborate]

>triptych

fair enough, I was not aware that triptych was being used

>CPoS will be the new standard and more cryptos will probably adopt it after its been proven viable

Whatever you say

If this ever overthrows Monero (it won't), I'll eat shit.

>>52545102

probably. seen this shit being spammed and shilled everywhere. Definitely get the vibe of artificial support

>> No.52545340
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52545340

>>52545275
I hope you like the taste of shit, anon!

https://www.monerooutreach.org/breaking-monero/poisoned-outputs.html

64 is the sweetspot while avoiding a trusted setup.

>> No.52545419

Discreet reminds me of wet dog shit lumped atop a sidewalk on a nice sunny day

>> No.52545476

>>52545275
Look at the Github repo, full of bullshit buzzword commits, it's a scam.
Q: Why isn't the testnet public?
A: Because it doesn't fucking work.

>> No.52545530
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52545530

>>52545476
>full of bullshit buzzword commits
I don't see a single one between the 1000+ commits that have buzzwords, so nice fud monero scum, and heres the blockchain running with 64 mixins, faster than your shitchain, with a smaller blocksize, i just synced my node in literal seconds.

https://explorer.discreet.tools/

If you dont hold at least 1k DIST for insurances, you're eternally ngmi.

>> No.52545669
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52545669

Hypothetically, how comfy would life be with 100K DIST in staking?

>> No.52545710

>>52545669
If I put 100k into this I'd do everything in my power to get CZ to rollback the chain to early 2020 and get my money back

>> No.52545812

>>52545419
>>52545476
>>52545710
The amount of butthurt boomero scumbags in here is astonishing. Really shows you how afraid these guys are of their shiity privacy chain becoming obsolete. Wait until darknet markets start implementing DIST as their main form of currency.

>> No.52545861
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52545861

367k blocks in, oh yea anon it doesn't work. Fucking brainlets HAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!

>> No.52545915
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52545915

>>52542916
that he uses 4chan x

>> No.52545921

>>52545812
> eternal ICO that looks like a scam
Sure, everyone is suspicious of this because of monero, no other reasons at all.

>> No.52545950

>>52545921
The team has delivered everything they said they would up to this point what don't you fucking understand? Let's scam everyone after putting 1.5 years of work onto a project people can see working. You need serious treatment for your BSCasino Rugpull PTSD.

>> No.52545968

>>52545950
> privacy coin
> have to register to play with the testnet
Explain.

>> No.52546032

>>52545968
It's a closed-incentivized testnet, why reward anyone not investing in the project? It literally takes two seconds to transfer your DIST from the signed tx that will happen during migration to mainnet to a stealth address and back out to a new transparent one. What's your point?

>> No.52546038

>>52542783
I can't tell if this bitch is getting hotter every thread

>> No.52546052

>>52545921
>eternal ICO
It's been shilled since testnet, ie November lmfao

>> No.52546063

>>52546032
you didn't answer the question faggot

>> No.52546099

>>52546063
There's a public-facing testnet right after this one. I've answered what don't you understand?