/biz/ - Business & Finance

File: 121 KB, 400x476, ideapepe.png [View same] [iqdb] [saucenao] [google]

Raiblocks + monero privacy Sat Jan 20 20:24:44 2018 No.6761358 [Reply] [Original]

>trillion dollar idea
>speed+privacy
why hasn't anyone come up with this yet?

in b4 stone scam

>>	Anonymous Sat Jan 20 20:30:25 2018 No.6761540 >>6761358 Because all cryptographic methods (mixing, ZKsnarks, ringct) require significant computation time. We simply do not have the technology to do so without relying to a lot of dodgy processes (masternodes, centralisation, etc).

>>	Anonymous Sat Jan 20 20:31:43 2018 No.6761575 >>6761540 computation time or space* Also it is NOT as easy to implement a secure private/anonymous/fungible coin. It would require a ton of new code that most shitcoin developers out there DO NOT have the capacity to write.

>>	Anonymous Sat Jan 20 20:31:50 2018 No.6761579 RaiBlocks is a square scheme. But seriously, it doesn't work because human nature and so on.

>>	Anonymous Sat Jan 20 20:32:10 2018 No.6761589 >>6761358 its called ODN but everyone thinks it's a messenger app

>>	Anonymous Sat Jan 20 20:33:24 2018 No.6761620 >>6761358 It's called mimblewimble + monero

Anonymous Sat Jan 20 20:33:50 2018 No.6761636

>>6761575

Think about it.. why everyuone forks monero? Or forks other coins with the zerocoin protocol? Cause its fucking hard to implement anything from scratch as its not just monkeys coding ... but also a lot of VERY advanced math and proofs that are required... why do you think XMR hires phd researchers and cryptographers to work on the coin?

If it was easy any pajeet would had done it.. We are most likely to see another clone of existing coins rather than a new private/etc coin

>>	Anonymous Sat Jan 20 20:34:22 2018 No.6761650 It will be done soon, its called ECA

>>	Anonymous Sat Jan 20 20:34:52 2018 No.6761665 >>6761589 odn is an erc20 coin on a transparent blockchain dipshit

>>	Anonymous Sat Jan 20 20:35:17 2018 No.6761682 File: 87 KB, 954x539, Pepe Knows.jpg [View same] [iqdb] [saucenao] [google] HODLERS STAY POOR Get into ARCBLOCK NOW!! Whitelist closes in 1 hour https://www.arcblock.io/s/xrMfn0ZK1IZdCxn You get 2% EXTRA with this Link!

>>	Anonymous Sat Jan 20 20:35:59 2018 No.6761700 File: 10 KB, 640x229, edrC8UcGOEq4JH689VTHE0qgakuPquDAuot5gA2wTNE.jpg [View same] [iqdb] [saucenao] [google] >>6761575 >>6761540 Not so fast

>>	Anonymous Sat Jan 20 20:36:12 2018 No.6761709 because RAI is a scam

>>	Raiblocks + monero privacy Sat Jan 20 20:36:37 2018 No.6761723 >>6761709 care to explain why?

Anonymous Sat Jan 20 20:36:59 2018 No.6761735

>>6761650
>ECA

Not a privacy/anonymous coin.. some kind of weird ponzy scheme shitcoin

From their subreddit
>highly-secure and power efficient NIST5 algorithm. Combining temporary Proof-of-Work with high Proof-of-Stake, the Electra coin (ECA) is unique in its distribution. On June 16, 2017, Electra entered "Super Rewards Bonanza" stage for 24 hours (Blocks 11522-11810). During this time, 95% of the proof-of-work coins were mined. At block 11811, Electra swapped to Proof-of-Stake with an annual interest rate of 50% until the Electra supply reaches 30bil. Once 30bil ECA is reached, block rewards will be earned through transaction fees only. This created a gold-rush period, promoting the network (or was hoped to) and rapidly increasing the amount of ECA.

>>	Anonymous Sat Jan 20 20:37:44 2018 No.6761768 File: 89 KB, 800x500, photo_2018-01-14_19-34-31.jpg [View same] [iqdb] [saucenao] [google] ZER on cryptopia

>>	Raiblocks + monero privacy Sat Jan 20 20:37:49 2018 No.6761770 >>6761700 >bcash lol >no new technology, no privacy >shitty community >shady devs nope

>>	Anonymous Sat Jan 20 20:39:02 2018 No.6761807 >>6761665 try reading the whitepaper dipshit

>>	Anonymous Sat Jan 20 20:45:52 2018 No.6762029 >>6761665 It's not an ERC-20 lmao it's a blockchain built off stratis. They are going to implement LN and possibly tumbling but it's still not what OP wants.

>>	Anonymous Sat Jan 20 20:47:45 2018 No.6762090 >>6761723 It's not a scam, but node incentivization is a problem. No fees means no incentives to run a node. This makes it vulnerable to attacks, or general network failure.

Anonymous Sat Jan 20 21:05:02 2018 No.6762676

>>6761358
>ITT a bunch of people who didn't read and/or cannot understand raiblocks whitepaper

the only problem with raiblocks is that it requires your to buy a gtx 1060 or something in order to have quick transaction times

all this other fake news about there being "no incentives" is bullshit. it costs nothing to be a node. proof of work is performed on on the computers of the people involved in the transaction

>>	Anonymous Sat Jan 20 21:06:06 2018 No.6762713 >>6762090 it doesn't cost anything to run a node either so why would you need fees?

Anonymous Sat Jan 20 21:10:56 2018 No.6762875

What the fuck do you think Zencash is doing? They are developing an entire privacy publishing and payments PLATFORM that can scale and is fast as fuck. One of the developers is the cofounder of ethereum and cardano. Give it one year and Zencash surpasses monero and it's a top 10 coin. Anyone not holding Zencash is a fucking idiot. It's insanely undervalued right now.

Anonymous Sat Jan 20 21:14:22 2018 No.6762982

You can make private payments with Dash in under a second confirmation time. Dash is actually the fastest coin on the market when using instant send technology. It's surprising how other coins are talking about doing shit that Dash has been doing for years.

>>	Anonymous Sat Jan 20 21:14:31 2018 No.6762985 File: 33 KB, 480x360, comfy.jpg [View same] [iqdb] [saucenao] [google] >>6761358

>>	Anonymous Sat Jan 20 21:16:09 2018 No.6763033 >>6762713 So people run nodes. Decentralization relies on having distributed nodes. The more nodes the harder it is for a network to be attacked. If the only reasons to run a node are a) just for fun, and b) to attack the network, you have an issue.

>>	Anonymous Sat Jan 20 21:18:54 2018 No.6763111 >>6763033 c) because it keeps a system that you prefer to use alive and running sort of like asking why do people seed torrents or why do people post online for nothing in exchange

>>	Anonymous Sat Jan 20 21:21:26 2018 No.6763201 It already exists. It's called Skycoin. Free and instant transactions AND it has privacy.

>>	Anonymous Sat Jan 20 21:22:42 2018 No.6763240 >>6762985 >>6761650 Get the fuck out of here with that scam coin you pieces of shit. https://www.youtube.com/watch?v=hRMdeJF940k >>6761650

>>	Anonymous Sat Jan 20 21:23:04 2018 No.6763255 >>6761358 Nobody talks about the stone raiblocks privacy fork

Anonymous Sat Jan 20 21:23:22 2018 No.6763269
File: 126 KB, 606x960, 1510110235779.jpg [View same] [iqdb] [saucenao] [google]

>>6763111
I don't think you understand the lengths people will go to in order to compromise a network worth hundred of millions of dollars. Your idea of network security is literally relying on the kindness of strangers.

>>	Anonymous Sat Jan 20 21:27:42 2018 No.6763409 >>6761358 PIVX desu senpai

>>	Anonymous Sat Jan 20 21:30:53 2018 No.6763497 >>6763111 That's retarded. You can't run a multi-million network on altruism for long. If there is literally no incentive to run a node your everyman won't bother giving a shit, even if they happen to use RAI.

>>	Anonymous Sat Jan 20 21:56:55 2018 No.6764297 >>6763497 i have already explained the incentive of running a node to you though. are you like 13?

>>	Anonymous Sat Jan 20 22:00:25 2018 No.6764419 File: 4 KB, 208x249, 1515773466246s.jpg [View same] [iqdb] [saucenao] [google] >>6764297 hope this is bait friendo

>>	Anonymous Sat Jan 20 22:05:06 2018 No.6764590 >>6761540 I'd say Masternodes is the way to go

>>	Anonymous Sat Jan 20 22:10:05 2018 No.6764743 >>6761540 >>6761575 >>6761636 /thread

Advanced search
Text to find
Subject [?]Search by post subject. Leave empty for any.
Username [?]Search for user name. Leave empty for any user name.
Tripcode [?]Search for tripcode. Leave empty for any.
Email [?]Search by email. Leave empty for any.
Filename [?]Search by image filename. Leave empty for any.
From Date [?]Enter what date to start searching from. Format is YYYY-MM-DD
To Date [?]Enter what date to start searching until. Format is YYYY-MM-DD
Image hash
Search in	All Posts OPs Only
Deleted posts	Show all posts Show only deleted posts Only show non-deleted posts
Internal posts	Show all posts Show only internal posts Show only archived posts
Order	New posts first Old posts first
Capcode	All Posts Only by Users Only by Mods Only by Admins Only by Developers
Results	Posts Threads
Action	[ Simple ]