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Author Topic: NXTcash and NXTmixer  (Read 9224 times)

allwelder

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Re: NXTcash and NXTmixer
« Reply #20 on: May 03, 2014, 12:36:41 am »

Anybody explain the difference between Nxtcash and Nxtmixer with simple text.
Thanks.
NXTcash is the integration of zerocoin/zerocash to NXT

NXTmixer is totally separate that offers a different method of anonymization. As currently designed, the fact that you funded a NXTmixer acct is open to everyone, but what happens with the funds after it goes into the shadow acct is hidden. However, if you have income source from external party,you can instruct them to pay via NXTmixer and then you are able to fund your NXTmixer shadow account without anybody (other than the one that sent you the funds) knowing.

This is the one weakness of NXTmixer, but NXTcash is designed to allow you to send the funds to yourself without anybody knowing, so it can be used to provide the initial funding of NXTmixer shadow accts. Of course, people will know that you purchased NXTcash, but they wont know where the NXTcash went.

Now, if you had external party that sends you funds via NXTmixer and you purchase NXTcash with that and then fund a separate NXTmixer account, ...

See, all of this can be combined and fed back into each other. Each iteration making it more difficult to correlate. Since NXT does not have txout/txin like all bitcoind forks, it offers a fundamental advantage to mixing and anonymization. I do not believe many people are quite aware of this power of NXT yet

James
Got it,thanks.
Now I can educate more ppl. ;D
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Daedelus

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Re: NXTcash and NXTmixer
« Reply #21 on: May 15, 2014, 01:32:15 pm »


Wanted:

Competent C developer that doesn’t sleep much and will work for NXT or any of jl777’s NXT assets (other than NXTventure) for implementation of the…

NXT Anonymity System

(Previously known as NXTCash and NXTMixer, the thread is here >>> https://nxtforum.org/multigateway-jl777/nxtcash-and-nxtmixer/).

From jl777 on the NXT Anonymity System…

Quote
It will not be a single approach, but a combined approach. I will donate this to the community, no fees, no profit making company. This is not an option, it is something that is required. We used to have cash, now that is disappearing. I just want to recreate the characteristics of cash!


PM jl777 for more details if you are interested.  ;D
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drawingthesun

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Re: NXTcash and NXTmixer
« Reply #22 on: June 02, 2014, 07:03:43 pm »

Hey, have you guys considered using ring signature tech or even Monero itself instead of Zerocoin/cash? (that is flawed because of it's initial accumulator issues and unproven mathematics?)

I didnt say i dont agree with privacy. i find nxt and btc to be as private as i require for the activities i carry out. Therefore
i dont need to use drk coin. if i was to be doing something i wanted to keep over kill private then i will use drk. Just been in control of my funds and the transparacy of the blockchain entertains me over central banks.

If you do need strong privacy, check out Monero (It's another coins along with Nxt that I am invested in.)

It's based on CryptoNote technology and offers far stronger anonymity than Darkcoin and has no accumulator issues like Zerocoin/cash will have.

https://cryptonote.org/whitepaper.pdf

Anyway, this isn't the place for promoting other coins I know, just wanted you to know that you can gain anonymity without relying on these "darknodes"

Perhaps a decentralized cryptocoin exchange can be built on top of Nxt that would allow you to move into coins like Monero just when you needed rock solid anonymity? Can that be done in Nxt? (decentralized cryptocoin exchange?)
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Sebastien256

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Re: NXTcash and NXTmixer
« Reply #23 on: June 02, 2014, 07:59:04 pm »

Hey, have you guys considered using ring signature tech or even Monero itself instead of Zerocoin/cash? (that is flawed because of it's initial accumulator issues and unproven mathematics?)

I didnt say i dont agree with privacy. i find nxt and btc to be as private as i require for the activities i carry out. Therefore
i dont need to use drk coin. if i was to be doing something i wanted to keep over kill private then i will use drk. Just been in control of my funds and the transparacy of the blockchain entertains me over central banks.

If you do need strong privacy, check out Monero (It's another coins along with Nxt that I am invested in.)

It's based on CryptoNote technology and offers far stronger anonymity than Darkcoin and has no accumulator issues like Zerocoin/cash will have.

https://cryptonote.org/whitepaper.pdf

Anyway, this isn't the place for promoting other coins I know, just wanted you to know that you can gain anonymity without relying on these "darknodes"

Perhaps a decentralized cryptocoin exchange can be built on top of Nxt that would allow you to move into coins like Monero just when you needed rock solid anonymity? Can that be done in Nxt? (decentralized cryptocoin exchange?)

I don't see why it would not be possible. Maybe that is possible by building a Monero multigateway, but that might difficult. A Monero gateway like supercell bitcoin gateway might be easier.
Maybe James or supercell may comment on this.
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allwelder

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Re: NXTcash and NXTmixer
« Reply #24 on: June 03, 2014, 01:59:18 am »

Anonymity is designed to be a choice  but not a necessary feature for users imo.
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drawingthesun

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Re: NXTcash and NXTmixer
« Reply #25 on: June 03, 2014, 02:57:58 am »

Anonymity is designed to be a choice  but not a necessary feature for users imo.

I totally agree.

I invested in Monero because I can see it becoming the anonymous default. The blockchain for ring signature coins is large and it's not exactly something most users will want to deal with. Instead of forcing your users to download 20GB for a Nxt side chain with ring signature, instead if you can have a trustless way of moving Nxt in and out of something like Monero you would gain the benefits without the bloat.

Just something to think about.
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ziggy

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Re: NXTcash and NXTmixer
« Reply #26 on: June 16, 2014, 07:35:40 am »

as a supporter who have sent a little amount of nxt I hope things go smoothly:)

good luck James!
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ziggy

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Re: NXTcash and NXTmixer
« Reply #27 on: October 02, 2014, 01:35:10 am »

Hi,James
Is there any news about this project?
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jl777

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Re: NXTcash and NXTmixer
« Reply #28 on: October 02, 2014, 01:44:47 am »

Hi,James
Is there any news about this project?
http://209.126.70.170/DarkPaper.pdf
It morphed into Teleport which grew into SuperNET!
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ziggy

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Re: NXTcash and NXTmixer
« Reply #29 on: October 15, 2014, 06:46:24 pm »

Hi,James
Is there any news about this project?
http://209.126.70.170/DarkPaper.pdf
It morphed into Teleport which grew into SuperNET!
good!
I have donated a little in this project when I saw the post on BTT
this is my donation record
TxID 11665090002745715591
if there will be any profit for donator please inform me or just sent it back to the address which my donation came from
thank you!

ziggy


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jl777

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Re: NXTcash and NXTmixer
« Reply #30 on: October 15, 2014, 08:54:00 pm »

Hi,James
Is there any news about this project?
http://209.126.70.170/DarkPaper.pdf
It morphed into Teleport which grew into SuperNET!
good!
I have donated a little in this project when I saw the post on BTT
this is my donation record
TxID 11665090002745715591
if there will be any profit for donator please inform me or just sent it back to the address which my donation came from
thank you!

ziggy
I never controlled the donated funds and this project lost all its funding
Not sure what happened to donated amounts

James
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