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What feature to add after Monetary System singapore
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Author Topic: What feature to add after Monetary System  (Read 12419 times)

bitcoinpaul

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Re: What feature to add after Monetary System
« Reply #20 on: May 29, 2014, 11:14:42 am »

but NSA still will be able to track u.
- currently we only need to be no worse than darkcoin, anoncoin, XC and so forth.

After Zerocash become open source it would be possible to implement it in Nxt.

So mixing could be our entry/mid-level privacy.
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mczarnek

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Re: What feature to add after Monetary System
« Reply #21 on: May 29, 2014, 12:14:53 pm »

I say Service Providing, can any other coin out there do subscriptions?  We need unique features and I think this is an important one...  of course price stability may be an issue, meaning nobody would use it..  or would it help price stability?  Nobody would agree to a subscription unless they thought it was a fair long term price?

Unless phasing will make it harder for people to steal my coins.

Also, not sure if CfB is the person to implement this but I think that 'smart leasing' should be considered.  Basically, intelligently divy up forging fees amongst forging pools so no human needs to be in charge of a pool and send fees that build up to the forgers within his pool immediately upon a block being forged.  The way it would work would be that a forger would set a fixed percentage fee that is agreed to at the time of leasing your forging power and every time his pool forges a block, the proceeds are divided up based upon percentage of the forging power of that pool that you own, except that the person doing the actual forging takes a little bit extra for himself.
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gs02xzz

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Re: What feature to add after Monetary System
« Reply #22 on: May 29, 2014, 01:41:20 pm »

I would vote for either Phasing or service providing because they are both good for business. Let's make Nxt business friendly first to inspire users to create more business and economy on Nxt, which will separate Nxt from all other existing coins, add more real users and capitals on Nxt, and move Nxt to the top.
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cc001

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Re: What feature to add after Monetary System
« Reply #23 on: May 29, 2014, 01:48:04 pm »

Guys, u should understand that mixing doesn't provide 100% anonymity. Lawyers of ur wife won't be able to take 2/3 of ur cryptowealth but NSA still will be able to track u. None of the solutions (except maybe Zerocash) provide 100% protection.

Could mixing be a first step, and Zerocash could be implemented later?
Or would it be possible to implement 100%-zerocash-like-anonymity right now? how long would it take?
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RGBT

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Re: What feature to add after Monetary System
« Reply #24 on: May 29, 2014, 01:51:10 pm »

mixing please!
I think mid-level privacy is better, that no privacy. I vote for privacy.
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Daedelus

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Re: What feature to add after Monetary System
« Reply #25 on: May 29, 2014, 02:38:31 pm »

What feature to add after Monetary System?

Phasing - part of Account Control, can be used like Multisig, includes 2-phase payments.
Mixing - mixing based on CoinShuffle approach.
Service Providing - will allow to provide off-chain services for subscription payments (or for free).

Is "off-chain" the same as "parallel chain"?
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bitcoinpaul

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Re: What feature to add after Monetary System
« Reply #26 on: May 29, 2014, 02:44:43 pm »

No
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The-Lawyer-of-NXT

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Re: What feature to add after Monetary System
« Reply #27 on: May 29, 2014, 02:52:36 pm »

VanBreuk

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Re: What feature to add after Monetary System
« Reply #28 on: May 29, 2014, 02:59:31 pm »

+1 vote for phasing.

It would blow the competition out of the water if the enhancements it will bring were better understood.
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cc001

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Re: What feature to add after Monetary System
« Reply #29 on: May 29, 2014, 03:00:45 pm »

Nowadays anonymity/privacy in crypto currencies should be a fundamental functionality. it is like the breaks in a car. The car can be the most beautiful one, it can have the most and best features, it can be the cheapest and fastest of all cars, but if the people know that it has no working breaks, nobody will buy or use it. It's the same with Nxt. Privacy/Anonymity functionality has to be implemented as a basic functionality. The earlier the better. All other features should be implemented later.
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The-Lawyer-of-NXT

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Re: What feature to add after Monetary System
« Reply #30 on: May 29, 2014, 03:12:46 pm »

Nowadays anonymity/privacy in crypto currencies should be a fundamental functionality. it is like the breaks in a car. The car can be the most beautiful one, it can have the most and best features, it can be the cheapest and fastest of all cars, but if the people know that it has no working breaks, nobody will buy or use it. It's the same with Nxt. Privacy/Anonymity functionality has to be implemented as a basic functionality. The earlier the better. All other features should be implemented later.

My opinion on privacy:

In the next future, cryptos will be regulated, and we will have: anonimous and non-anonimous cryptos.

I think non-anonimous cryptos will be banned. They wont be destroyed because it is impossible, but I think full-anonimous cryptos will have problems.

 

Come-from-Beyond

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Re: What feature to add after Monetary System
« Reply #31 on: May 29, 2014, 03:21:28 pm »

Could mixing be a first step, and Zerocash could be implemented later?

Yes.
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lyynx

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Re: What feature to add after Monetary System
« Reply #32 on: May 29, 2014, 03:27:24 pm »

I think due to the fact that we are pushing adoption by businesses, service providing should be the priority. Allowing subscriptions opens a whole new world to cryptos and businesses looking into them.
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cc001

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Re: What feature to add after Monetary System
« Reply #33 on: May 29, 2014, 03:36:47 pm »

Could mixing be a first step, and Zerocash could be implemented later?

Yes.

cfb: how long would it take to implement mixing? how long for zerocash? and what is your personal opinion on this privacy / anonymity subject and importance?
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josephliton

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Re: What feature to add after Monetary System
« Reply #34 on: May 29, 2014, 03:39:33 pm »

NXT will skyrocket after this System.
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Come-from-Beyond

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Re: What feature to add after Monetary System
« Reply #35 on: May 29, 2014, 03:42:45 pm »

cfb: how long would it take to implement mixing? how long for zerocash? and what is your personal opinion on this privacy / anonymity subject and importance?

I'm not planning to start implementing mixing earlier than in July. Can't assess time required for Zerocash coz I didn't read the whitepaper, only skimmed over the description. I think that we need anonymity to protect Nxt users, governments will do their best to outlaw cryptos, they can go as far as declaring that usage of cryptos is equal to usage of narcotics/guns.
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ThomasVeil

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Re: What feature to add after Monetary System
« Reply #36 on: May 29, 2014, 03:44:19 pm »

I would vote for either Phasing or service providing because they are both good for business. Let's make Nxt business friendly first

For businesses privacy is essential obviously. Don't want all your competition looking through your books.

My opinion on privacy:

In the next future, cryptos will be regulated, and we will have: anonimous and non-anonimous cryptos.

I think non-anonimous cryptos will be banned.

Well, and the week after they ban all cryptos that don't have a lever for the government to issue more coins.
The missing control over printing money is a million times more threatening to power than any privacy.
We shouldn't start self-regulating.
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jl777

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Re: What feature to add after Monetary System
« Reply #37 on: May 29, 2014, 03:45:32 pm »

Nowadays anonymity/privacy in crypto currencies should be a fundamental functionality. it is like the breaks in a car. The car can be the most beautiful one, it can have the most and best features, it can be the cheapest and fastest of all cars, but if the people know that it has no working breaks, nobody will buy or use it. It's the same with Nxt. Privacy/Anonymity functionality has to be implemented as a basic functionality. The earlier the better. All other features should be implemented later.

My opinion on privacy:

In the next future, cryptos will be regulated, and we will have: anonimous and non-anonimous cryptos.

I think non-anonimous cryptos will be banned. They wont be destroyed because it is impossible, but I think full-anonimous cryptos will have problems.
NXT will implement privacy levels
User chooses what privacy level they want
So, I think it will be hard for regulators to categorize NXT into a singled anon category
especially if highest privacy levels requires third party add on

NXT is like the Internet itself. At the core its just bits going back and forth. All meaning is added by the protocols running on it. By encapsulating any controversial protocol outside the core, then NXT itself will be immune from anon regs.

The highest privacy levels for NXT will become available and not cost anything, so there is no profit making entity to become a target. The code that implements the highest privacy levels will be available via magnet links so it can never be erased or shutdown.

All this is inevitable, just a matter of time

James
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The-Lawyer-of-NXT

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Re: What feature to add after Monetary System
« Reply #38 on: May 29, 2014, 03:49:36 pm »

Nowadays anonymity/privacy in crypto currencies should be a fundamental functionality. it is like the breaks in a car. The car can be the most beautiful one, it can have the most and best features, it can be the cheapest and fastest of all cars, but if the people know that it has no working breaks, nobody will buy or use it. It's the same with Nxt. Privacy/Anonymity functionality has to be implemented as a basic functionality. The earlier the better. All other features should be implemented later.

My opinion on privacy:

In the next future, cryptos will be regulated, and we will have: anonimous and non-anonimous cryptos.

I think non-anonimous cryptos will be banned. They wont be destroyed because it is impossible, but I think full-anonimous cryptos will have problems.
NXT will implement privacy levels
User chooses what privacy level they want
So, I think it will be hard for regulators to categorize NXT into a singled anon category
especially if highest privacy levels requires third party add on

NXT is like the Internet itself. At the core its just bits going back and forth. All meaning is added by the protocols running on it. By encapsulating any controversial protocol outside the core, then NXT itself will be immune from anon regs.

The highest privacy levels for NXT will become available and not cost anything, so there is no profit making entity to become a target. The code that implements the highest privacy levels will be available via magnet links so it can never be erased or shutdown.

All this is inevitable, just a matter of time

James

I dont see any problem with NXT. But "alts" as DARKCOIN that are sold because of its anonimity, will have problems. We will see.

I would love to see privacy levels implement in NXT. I think it is a really intelligent idea. Well done.

cc001

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Re: What feature to add after Monetary System
« Reply #39 on: May 29, 2014, 03:50:22 pm »

NXT will implement privacy levels
User chooses what privacy level they want
I like that approach!

All this is inevitable, just a matter of time

how long?
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