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jl777

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Re: NXTprivacy - asset that includes privacy related projects
« Reply #40 on: July 05, 2014, 05:57:42 pm »

Has anyone analyzed this - https://github.com/scipr-lab/libsnark ? Is it good?
Thanks for this! Been waiting for a good snark lib
Compiling it now, not sure how to actually use it yet, do you have advice on what sort of thing to snarkize?

I forked it: https://github.com/jl777/libsnark
just added instructions to allow it to compile
« Last Edit: July 05, 2014, 06:35:39 pm by jl777 »
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Come-from-Beyond

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Re: NXTprivacy - asset that includes privacy related projects
« Reply #41 on: July 05, 2014, 06:55:55 pm »

Thanks for this! Been waiting for a good snark lib
Compiling it now, not sure how to actually use it yet, do you have advice on what sort of thing to snarkize?

No advice, I'm not going to limit ur imagination.
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jefdiesel

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Re: NXTprivacy - asset that includes privacy related projects
« Reply #42 on: July 07, 2014, 01:43:58 pm »

Interested. As before.

James,  what's the process to set up a pNXT node? I'm game for some privacy mining.

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jl777

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Re: NXTprivacy - asset that includes privacy related projects
« Reply #43 on: July 07, 2014, 05:30:08 pm »

Interested. As before.

James,  what's the process to set up a pNXT node? I'm game for some privacy mining.
There wont be any mining as the purpose of pNXT is to map 1:1 with privateNXT assets which in turn map 1:1 with NXT.

I only support Ubuntu and Mac and sendmoney isnt working yet, but I have a subset of NXTservices integrated into it:
https://github.com/jl777/pNXT

Installing and running a pNXTd daemon will hopefully be automatic, but the :7777 api is there but not hooked up or working yet. I hope to get something usable this week

James
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jl777

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Re: NXTprivacy - asset that includes privacy related projects
« Reply #44 on: July 08, 2014, 01:24:15 am »

privateNXT assetholders will be getting ~80% of the revenues from the privateNXT market making, plus I have other monetizations planned

Close, first of all we need to understand cryptonote a bit, I chose boolberry (BBR) as the best source base to use and will also implement automatic NXT <-> BBR conversions.

So, the assumption is that cryptonote -> cryptonote tx are anonymized and as long as you specify the right parameters it will do this. Not sure how bulletproof it is, but considering all the scrutiny cryptonote has gotten, I would be surprised if it isnt pretty good. Also note that there is no central server needed to do a cryptonote tx.

privateNXT is a normal NXT asset without any privacy. I will be making a marketing with bid/ask spreads of 1%, but others are free to come in lower. I expect that when volumes ramp up there will be both buyers an sellers at exactly 1.00

OK, so now you have some privateNXT in your acct. Here comes the cool part! I want NXT to get infrastructure to support TF, sooner rather than later. So I am designing what I call privacyServers to provide privacy services for its customers. Note that you can get a VPS and be your own privacyServer host. In addition to pNXT functions, running a privacyServer will earn you nodecoins. I also got a squid installation tested so you can get an http/https proxy service on the privacyServer. This service costs ~$5 per month, so I figure a 10NXT/mo fee for this would be acceptable and this will allow people to run privacyServer nodes (with NXT nodes) that are not subsidized, but are earning NXT and nodecoins.

There is an assumption of trust between you and your privacyServer and if you are running your own privacyServer, I sure hope we can count on this assumption!

This creates a hub and spoke model so the ONLY node that actually knows your pNXT cryptonote account is your privacyServer. Now we get to send the privateNXT asset via the blockchain to a specificy privacyServer's NXT address. As long as the privacyServer has a decent number of subscribers, then this leaks only a very little information. Since pNXT wont run natively on Windows, I expect a lot of Windows peoples will become subscribers.

Now, I have various API functions envisioned, like pNXT to pNXT (low level debugging), pNXT to NXT acct's pNXT cryptonote address via privacyServer, pNXT to BTC (to solve hashrate.org's problem of converting BTC to NXT)

People can also use mgwBTC to purchase pNXT, plus I keep coming up with more useful functions.

As far as privacy goes, follow this path:
1) You buy privateNXT via AE
2) It converts to pNXT at 1:1 (only fee is NXT tx fee and pNXT itself has no fees to encourage lots of traffic!)
3) Now you have pNXT in a cryptonote acct that only you and your privacyServer even know the acct # of, let along the one time paymentids on top of that.
4) You can ask the privacyServer to send the pNXT to another NXT acct's pNXT acct, but this will actually become a pNXT transfer to the privacyServer of the destination NXT acct. And it goes into a cryptonote stealth acct.

I expect the privacyServers to inventory enough pNXT and privateNXT so that there is no need to trust any single pNXT gateway. I think this qualifies as the first decentralized gateway!

James

P.S. I believe this also addresses CfB's objection to cryptonote about having the entire history of tx on the blockchain. Someday QC could crack the encryption and everthing is revealed. However, with pNXT and privacyServers, there is good assurance that nobody will actually know who controls the cryptonote acct. This will also combine well with the CoinShuffle when that is ready
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ThomasVeil

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Re: NXTprivacy - asset that includes privacy related projects
« Reply #45 on: July 08, 2014, 06:30:47 pm »

I've read your post twice - I still don't get how it works. Not even really the basic idea.
If I would read it more often and put focus on it I could probably get it... but are you sure this stuff is simple enough for normal users? What do you expect the user base to be? Do I have to setup the server (will more than 0.001% of the users be able/bother to do that)?

It's a bit similar to your assets. They're so high concept and interlinked and so many, that I can't follow it. I think it's a risk for you too: If one asset crashes like the AutoDAC, then it drags so much stuff with it. Assets that rely on it will fall... the NxtVenture asset might lose confidence - the SharkFund might be used to cover costs.

Maybe I'm not the target group. So I don't really critique what you're doing - just wanna point out a bit how it looks to the "uneducated viewer". But it could be worth it to simplify the goals, assets, descriptions and usage. Even if it comes at cutting features.
Possibly even workin in the "Lean Startup" methodology might help - so you see how users react before putting much work into it.
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jl777

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Re: NXTprivacy - asset that includes privacy related projects
« Reply #46 on: July 08, 2014, 08:52:55 pm »

I've read your post twice - I still don't get how it works. Not even really the basic idea.
If I would read it more often and put focus on it I could probably get it... but are you sure this stuff is simple enough for normal users? What do you expect the user base to be? Do I have to setup the server (will more than 0.001% of the users be able/bother to do that)?

It's a bit similar to your assets. They're so high concept and interlinked and so many, that I can't follow it. I think it's a risk for you too: If one asset crashes like the AutoDAC, then it drags so much stuff with it. Assets that rely on it will fall... the NxtVenture asset might lose confidence - the SharkFund might be used to cover costs.

Maybe I'm not the target group. So I don't really critique what you're doing - just wanna point out a bit how it looks to the "uneducated viewer". But it could be worth it to simplify the goals, assets, descriptions and usage. Even if it comes at cutting features.
Possibly even workin in the "Lean Startup" methodology might help - so you see how users react before putting much work into it.
I am sorry that the tech is not simple, but I cannot help this, it is not an easy thing and I am disclosing the details to get feedbacks from other tech guys to make sure I create the best quality products. This is the philosophy of open source development and the cryptonote.org people are supportive: https://forum.cryptonote.org/viewtopic.php?f=6&t=225

Ultimately, the end user will just see a "private sendmoney" link or something like that and everything can happen automagically. However before things can be made simple and fully automated, it is necessary to get it to work and that is usually fastest with a technically savvy setup.

I dont expect everybody to setup a privacyServer, in fact we just need 1000 of them according to CfB and they can be setup by far fewer people. As an end user you would need to select a privacyServer provider and once you do, all the pNXT functionality will be enabled.

so, if you dont understand the tech, dont worry, the core dev of boolberry didnt seem to understand it either :)

In this industry if you dont have the best tech, your days will be numbered. I intend to keep creating the most creative and cutting edge tech. As investors you dont have to fully understand all the tech, the scope of what I am working on prevents all but a few from truly understanding what I am doing. I will never have sharkfund bailing out anything as that goes against sharkfund. After the horrible mistake I made with autoDAC, I am more determined to never allow that to happen and that means I need to do all the core tech myself. This keeps costs low and while it might delay some things due to it all being done by me, at least we can all know that it will get done.

James

P.S. While I certainly value user feedback, I dont think that determining me tech roadmap based on end user understandings of complex tech is the best approach. I am making a framework for decentralized money making businesses, ultimately that is what investors will care about.
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Pilot

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Re: NXTprivacy - asset that includes privacy related projects
« Reply #47 on: July 08, 2014, 09:02:49 pm »

When did you start trading NXTprivacy
Currently it is only private sales

How can we get in on the private sale  ;D
private sale of NXTprivacy is done via private messages

If one wanted to privately buy NXTPrivacy with a private message, how much private NXT would each asset cost one?
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jefdiesel

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Re: NXTprivacy - asset that includes privacy related projects
« Reply #48 on: July 09, 2014, 03:44:44 am »

im going to assume thats a question best asked privately
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ThomasVeil

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Re: NXTprivacy - asset that includes privacy related projects
« Reply #49 on: July 09, 2014, 10:12:16 am »

I am sorry that the tech is not simple, but I cannot help this, it is not an easy thing and I am disclosing the details to get feedbacks from other tech guys to make sure I create the best quality products.

Alright - slightly suspected I wasn't the target group. Confirmed :D

Quote
Ultimately, the end user will just see a "private sendmoney" link or something like that and everything can happen automagically

Sounds good.

Quote
so, if you dont understand the tech, dont worry, the core dev of boolberry didnt seem to understand it either :)

Heh, relief.
Thanks for the detailed reply.
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jl777

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Re: NXTprivacy - asset that includes privacy related projects
« Reply #50 on: July 09, 2014, 10:21:00 pm »

I am sorry that the tech is not simple, but I cannot help this, it is not an easy thing and I am disclosing the details to get feedbacks from other tech guys to make sure I create the best quality products.

Alright - slightly suspected I wasn't the target group. Confirmed :D

Quote
Ultimately, the end user will just see a "private sendmoney" link or something like that and everything can happen automagically

Sounds good.

Quote
so, if you dont understand the tech, dont worry, the core dev of boolberry didnt seem to understand it either :)

Heh, relief.
Thanks for the detailed reply.
I am not smart enough to solve complex problems without a context. So, my approach is to do something that I know isnt exactly perfect, but at least a step in the right direction. Then either I or someone else will see a way to get closer to the ideal solution.

kind of like trying to jump across a river. I know I cant do that, but maybe I can make a stepping stone partway there. Sometimes, somebody discovers a nice bridge a few kilometers down the road :)

So, rather than inaction from inability to find the perfect solution before starting, I make something that has at least some merit and iterate.
Already, valarmg has come up with some very interesting improvements to the pNXT initial approach. All I know is that if I am able to cram cryptonote source code into my head, then that means I can do stuff that before I would not be able to.

I can already preannounce an announcement of new announcements for existing projects :)

James
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jl777

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jl777

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Re: NXTprivacy - asset that includes privacy related projects
« Reply #52 on: July 25, 2014, 02:43:48 am »

Well, some people that obtained early NXTprivacy and Privatebet assets put some on the market before I was ready for this, and at significant premiums over what the price I had planned on. Since this would create unhappy buyers for anybody that buys from these third parties, I have been forced to put these assets for sale.

I am too busy coding now for proper explanations of these assets, but a summary version is that NXTprivacy owns 50% of Privatebet (after it sells what is on AE) and the dividends from Privatebet will flow through to NXTprivacy asset holders, so this puts a 2:1 ratio between Privatebet and NXTprivacy, just from this. However, NXTprivacy also is dealing with monetizing privacyServers and whatever it can get from that will also add to NXTprivacy dividends, plus maybe some more privacy oriented things. I would think a ratio of 1.5:1 to 2:1 is a reasonable ratio for Privatebet:NXTprivacy due to this.

https://docs.google.com/document/d/1G-xRirAIAFHhJb1b04HG5EGXoG68O7SesiRm9mbRI9c/edit?usp=sharing has a rough description of GUI, the more specific technical details are not strictly accurate and has been changed, but at least you will get some ideas on what to expect.

James
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qbd1313

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Re: NXTprivacy - asset that includes privacy related projects
« Reply #53 on: July 25, 2014, 12:05:00 pm »

great
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Re: NXTprivacy - asset that includes privacy related projects
« Reply #54 on: July 30, 2014, 10:51:25 am »

Are there any news needs to be disclosed to investors it?
Did not have time to plan the project form?
These should be disclosed to investors, because you are ipo.
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jl777

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Re: NXTprivacy - asset that includes privacy related projects
« Reply #55 on: July 30, 2014, 06:28:31 pm »

Are there any news needs to be disclosed to investors it?
Did not have time to plan the project form?
These should be disclosed to investors, because you are ipo.
I will be making some announcement soon.
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Re: NXTprivacy - asset that includes privacy related projects
« Reply #56 on: July 31, 2014, 02:52:16 am »

Well, some people that obtained early NXTprivacy and Privatebet assets put some on the market before I was ready for this, and at significant premiums over what the price I had planned on. Since this would create unhappy buyers for anybody that buys from these third parties, I have been forced to put these assets for sale.

I am too busy coding now for proper explanations of these assets, but a summary version is that NXTprivacy owns 50% of Privatebet (after it sells what is on AE) and the dividends from Privatebet will flow through to NXTprivacy asset holders, so this puts a 2:1 ratio between Privatebet and NXTprivacy, just from this. However, NXTprivacy also is dealing with monetizing privacyServers and whatever it can get from that will also add to NXTprivacy dividends, plus maybe some more privacy oriented things. I would think a ratio of 1.5:1 to 2:1 is a reasonable ratio for Privatebet:NXTprivacy due to this.

https://docs.google.com/document/d/1G-xRirAIAFHhJb1b04HG5EGXoG68O7SesiRm9mbRI9c/edit?usp=sharing has a rough description of GUI, the more specific technical details are not strictly accurate and has been changed, but at least you will get some ideas on what to expect.

James
Great.
Buy some PrivateBet. :)
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whale

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Re: NXTprivacy - asset that includes privacy related projects
« Reply #57 on: August 04, 2014, 12:42:05 pm »

Amazing idea, looking forward to following the developments and investing. My brain is sore from scouring so much information on this forum, it's great!
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jl777

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Re: NXTprivacy - asset that includes privacy related projects
« Reply #58 on: August 05, 2014, 10:23:35 pm »

As previously announced, NXTprivacy will be issuing a cryptocard asset, but it turns out that it sold out before I could even issue it!

The BTCD community came up with 25000 BTCD and NXTprivacy is making matching amount for the entire inventory, but I announce it here so people will know what the asset is. I am not sure if anybody will sell it on NXT AE, but as I have learned this always seems to happen.

Current price ratio is ~27:1 so 25000 BTCD is matched by 675000 NXT, which makes its sale price = 1.35 NXT per asset

The following is the asset description, very short and generic:
Issuer ID: NXT-KKNV-8EPK-W2S4-96VTK Asset number 7110939398145553585

###
NXTprivacy is proud to issue the cryptocard asset which will distribute 1% of processed transaction volumes to the assetholders. This card does not require any personal information. All of the processing and handling is outsourced to coinomat.com. Please check NXTprivacy.org for the latest details on fees and limits. Standard ATM fees will apply for cash withdrawals.
###

The initial text for the NXTprivacy.org site is:

###
We're launching debit card program for easy withdrawal of NXT and BitcoinDark funds through ATM's worldwide and online payments.

Key facts:

- The card is issued by a European bank with a good card programs track record
- This a no-name card; we would need your address for card shipment though
- Card issuance and delivery cost $40 and naturally can be paid in NXT or BTCD
- The monthly transaction volume with one card is limited by $10,000. Multiple cards can be ordered
- Online payments using the card are free, withdrawal fee through ATM is charged by the issuing bank and is 3%
- NXT and BTCD conversion is made according to the current respective exchange rates.
- Processing is carried out by coinomat.com exchange service.

The card will be launched in September 2014.

Our goal in making this card program is to provide an easy bridge for crypto to fiat conversion. In future withdrawal of other cryptos, including Bitcoin, will be possible.
###

Once it is distributed, then it could start trading on NXT AE, actually nobody can stop this, so it should have some immediate liquidity

James

P.S. For those worried about the need for postal address, we will also be arranging having the cards available at tradeshows on a cash basis, so you can meetup with the NXT booth and pay cash and grab a random card from the box of pre-issued cards. Then register the number at public internet shop.
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Re: NXTprivacy - asset that includes privacy related projects
« Reply #59 on: August 05, 2014, 11:44:12 pm »

As previously announced, NXTprivacy will be issuing a cryptocard asset, but it turns out that it sold out before I could even issue it!

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