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Nxt Discussion => -Old and Inactive Projects- => Nxt Projects => NXTventures => Topic started by: jl777 on June 25, 2014, 04:16:24 am

Title: NXTprivacy - asset that includes privacy related projects
Post by: jl777 on June 25, 2014, 04:16:24 am
I am still working out the details, but my current thinking is to create a NXTprivacy asset that will hold significant portions of at least two other assets Privatebet (fully decentralized peer to peer betting) and NXTcard (anonymous debit card that can be loaded with NXT -> local fiat)

It will also develop privacyServer daemon's for people to run on their unix nodes to earn nodecoins and offer low cost privacy services for users. The goal is for each server to be able to generate enough revenues directly to cover all operating costs so that we never have to worry about not having enough ddos protected servers running NXT core. So the subscribers to the privacy servers will not only be gaining an extra level of privacy, they will also be helping the NXT network itself. It will also allow you to have unlimited encrypted chat with no additional fee over the base subscription price. I am thinking 10 NXT/month for the recommended subscription price, but maybe nodecoins or InstantDEX activity can provide credits against this.

What having a privacy server that you trust allows is to utilize a privateNXT asset, which is just a 1:1 equivalent to NXT, but since it is an asset, it has a comment field that can be used to annotate the payments. This in turn allows some clever methods to create additional privacy, especially when it all goes into the same account, even if for just a short time as NXT doesnt have the txout/txin trail going back to genesis account. privateNXT will have a market made in AE with 1% difference from NXT.

So, NXTprivacy would pass through any dividends from Privatebet and NXTcard and it will also make the spread on privateNXT. I plan on giving away the privacyServer daemons to help strengthen the NXT network and allow the sometimes underappreciated server guys a way to recoup their costs of running NXT core nodes.

MGW provides the security
InstantDEX provides the speed
NXTprivacy keeps it all private

James

Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: jl777 on June 25, 2014, 04:35:14 am
I forgot to mention the best part about NXTprivacy, well this is a NXTmixer concept I had from way back when and it is the idea of private accounts. You register your private account with the privacyServer that you are subscribed to.

Now anybody can send NXT (or assets) to your public address, but it will end up in your private account, which nobody other than the privacyServer will know is yours. This means that if you spend funds from your private account, then nobody knows that it is you who is spending it.

One use case for all this is:
1) send NXT to your own public NXT address -> ends up funding private recv acct.
2) send NXT from private account to NXTcard -> now you can buy things online or even withdraw cash from ATM and there is no link to your public NXT address

One key point is that the privacyServers wont ever store any of your private account numbers and it certainly wont be on the blockchain. Another key point is that when zerocash (or equivalent) tech becomes open source, it can be used to enhance the privacy level to "Total Privacy"

Until then NXTprivacy will have "personal" and "business" level privacy

currently privacyServer is expected to provide:
1) secure UDP proxy for InstantDEX
2) automatic forwarding to private accounts
3) managed payment streams to standardize amounts being sent
4) unlimited fully encrypted chat and maybe even file transfer
5) TBD

James
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: jefdiesel on June 26, 2014, 01:40:19 pm
what! wow. when?
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: jl777 on June 26, 2014, 01:43:37 pm
what! wow. when?
when for which part?

Seems there is not so much interest in this, so maybe it will be a while, but if there is interest I can get it implemented right after InstantDEX

James
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: jefdiesel on June 26, 2014, 01:46:41 pm
Ha the whole thing. Mixing and NXTCard are fantastic ideas.

Whats the effort in getting anonymous reloadable debit cards? Internationally?

Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: allbits on June 26, 2014, 04:47:49 pm
Debit card is less a technical issue.  More a legal issue.  What's your current thinking on this jl777?
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: colin012 on June 26, 2014, 05:17:26 pm
Debit card is less a technical issue.  More a legal issue.  What's your current thinking on this jl777?

Well, a real debit card is tied to a bank account. If this is just where you put NXT onto the card, it is more like a reloadable gift card than a debit card as far as U.S. law is concerned.
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: jefdiesel on June 26, 2014, 08:59:10 pm
Debit card is less a technical issue.  More a legal issue.  What's your current thinking on this jl777?

Well, a real debit card is tied to a bank account. If this is just where you put NXT onto the card, it is more like a reloadable gift card than a debit card as far as U.S. law is concerned.
Right. Where do we get these?

Sent from my HTC One using Tapatalk

Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: jl777 on June 26, 2014, 10:48:14 pm
Still working out the details of sourcing the card. It wont be linked to any bank acct, but the fees charged will be somewhat higher

James
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: jl777 on June 26, 2014, 10:50:15 pm
Debit card is less a technical issue.  More a legal issue.  What's your current thinking on this jl777?

Well, a real debit card is tied to a bank account. If this is just where you put NXT onto the card, it is more like a reloadable gift card than a debit card as far as U.S. law is concerned.
yes I think it is called "Stored value card", not sure of all the legalities. But the goal is to get a card with ~$1000 limit that can be used at most ATM's and of course stores that accept visa/mastercard, and that it remain private and not linked to bank account

Since the daily limit is small, it cant be used by the bad guys, at least not for anything significant, and it is for personal use. Personal privacy!
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: jl777 on June 26, 2014, 10:52:25 pm
Ha the whole thing. Mixing and NXTCard are fantastic ideas.

Whats the effort in getting anonymous reloadable debit cards? Internationally?
The plan is to permanently link a NXT deposit address with each card, put a sticker on the card so you never forget the number. Then just zap NXT to that account and it appears as fiat credit on the card and can be used in online purchasing, ATM cash withdraws, etc.

This will require some startup capital though, so will need to do a fund raising to make it happen. The margin will be thin as costs are already high and want to make sure it is reasonable to use.

Hope to have more details before July

James

P.S. Notice if we send a batch of 100 NXTcards to a trade show, then unless somebody tracks who gets what card, there is no way to know who is receiving funds to that address. Also there is no reason the cards cant simply physically be sent from person to person. As private as cash.
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: jefdiesel on June 27, 2014, 03:22:08 am
I want to help and be a part of this, but We need to determine the best jurisdiction to issue these cards. Any thoughts?

Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: jefdiesel on June 27, 2014, 03:28:25 am
Ha the whole thing. Mixing and NXTCard are fantastic ideas.

Whats the effort in getting anonymous reloadable debit cards? Internationally?
The plan is to permanently link a NXT deposit address with each card, put a sticker on the card so you never forget the number. Then just zap NXT to that account and it appears as fiat credit on the card and can be used in online purchasing, ATM cash withdraws, etc.

This will require some startup capital though, so will need to do a fund raising to make it happen. The margin will be thin as costs are already high and want to make sure it is reasonable to use.

Hope to have more details before July

James

P.S. Notice if we send a batch of 100 NXTcards to a trade show, then unless somebody tracks who gets what card, there is no way to know who is receiving funds to that address. Also there is no reason the cards cant simply physically be sent from person to person. As private as cash.

Yeah Ideally they would be sold blank, in an envelope,  for $5 cash to cover the cost. Your number is yours. But this requires a lot of infrastructure doesn't it?
What about fees? how could we manage this issuance?

As i see it, a "company" needs to set up, purchase, and maintain them. The users will be responsible for refilling them, and the rest is done.
There must be processing fees, and related. (or is that all the banks scamming us...) omg...

Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: jl777 on June 27, 2014, 04:12:24 am
Ha the whole thing. Mixing and NXTCard are fantastic ideas.

Whats the effort in getting anonymous reloadable debit cards? Internationally?
The plan is to permanently link a NXT deposit address with each card, put a sticker on the card so you never forget the number. Then just zap NXT to that account and it appears as fiat credit on the card and can be used in online purchasing, ATM cash withdraws, etc.

This will require some startup capital though, so will need to do a fund raising to make it happen. The margin will be thin as costs are already high and want to make sure it is reasonable to use.

Hope to have more details before July

James

P.S. Notice if we send a batch of 100 NXTcards to a trade show, then unless somebody tracks who gets what card, there is no way to know who is receiving funds to that address. Also there is no reason the cards cant simply physically be sent from person to person. As private as cash.

Yeah Ideally they would be sold blank, in an envelope,  for $5 cash to cover the cost. Your number is yours. But this requires a lot of infrastructure doesn't it?
What about fees? how could we manage this issuance?

As i see it, a "company" needs to set up, purchase, and maintain them. The users will be responsible for refilling them, and the rest is done.
There must be processing fees, and related. (or is that all the banks scamming us...) omg...
I am hoping we can get the fees to 5%
The infrastructure would require generating a NXT address for each card, printing a sticker to paste onto a card and then mailing them. The NXT addresses are then scanned and when a deposit comes in, it is converted and sent to the corresponding card

NXTcard would subcontract all this to an existing company at a fixed transaction cost.
Hang tight, hope to be able to post details soon
Do you think you can help drum up interest in this?

James
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: jefdiesel on June 27, 2014, 04:17:42 am
I def think i can drum up interest.

Its a no brainer. and genius. I will gladly work for shares on this one. 8)
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: prometheus on June 27, 2014, 05:59:28 am
Interesting, when first reading it my only thought was "a government is not going to like this!". Putting a limit on the cards negates the issue a bit
Quote
I will gladly work for shares on this one. 8)

wish i was a tech guy! i'd do the same...
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: jl777 on June 27, 2014, 06:04:34 am
I have issued some assets, maybe a bit confusing but I am trying to insulate the various other assets with the nested structure.

I personally issued NXTprivacy asset #17911762572811467637 from my personal acct NXT-DE2F-W76R-GL25-HMFPR

I then created an acct for NXTprivacy NXT-KKNV-8EPK-W2S4-96VTK and it will issue NXTcard, Privatebet and privateNXT. If I come up with any more privacy related projects, NXTprivacy will be the asset that it will be put into.

NXTprivacy will make a market in privateNXT at a 1% spread. jl777 hodl will get its 10% slices from NXTprivacy, NXTcard and Privatebet and NXTventure will get bigger chunks.

Simple isnt it :)

privateNXT 8149788036721522865
Privatebet 17083334802666450484
NXTcard TBD

Any dividends NXTprivacy gets from the assets it owns, will be redistributed to its asset holders.
So with its current >50% ownership of Privatebet, that means NXTprivacy will get the majority of the dividends from Privatebet. Clearly an investment in NXTprivacy will have a significant component from Privatebet, but NXTprivacy also will get NXTcard dividends and will be creating the privacyServer software to help people who host servers. I want to make it so that we dont have to keep subsidizing the servers and privacyServer will hopefully create a way for people to fully pay for a NXT node, maybe even make a little bit of money if they have a lot of subscribers

Of course, all these services will be integrated with MGW and InstantDEX as much as possible so the other services benefit from the privacy and the NXTprivacy benefits from the speed and security.

I expect Privatebet to be much more of a pureplay moneymaker as betting is quite popular and being able to bet privately should have a significant market. However, NXTprivacy is more of a community spirit asset as providing NXTcard and privacyServer is definitely a benefit to the overall community. I tried to make it so that NXTprivacy will get enough profits from its Privatebet ownership to make NXTprivacy an attractive investment.

James
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: KyLin on July 02, 2014, 03:44:51 am
When did you start trading NXTprivacy
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: jl777 on July 02, 2014, 03:34:33 pm
When did you start trading NXTprivacy
Currently it is only private sales
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: P2PGuy on July 03, 2014, 01:29:20 pm
I made this quick NXTcard design / visualisation as a Payment Terminal for presentations.

(http://nxtstudios.org/media/NXTcard.jpg)

The Payment Terminal is on the market from http://Coinkite.com (http://Coinkite.com) accepting BTC/LTC and other wallets & QR's. They are up in Canada, eh. Perhaps someone can be in contact with them about accepting NXT or the NXTcard? Anyone in that timezone?

The other cool system is the pocket sized payment terminal from http://squareup.com (http://squareup.com), but it's only limited to some countries at the moment and only works with major credit cards. Perhaps there could deb a NXT free device that reads the chip on the NXTcard. Any further thoughts?
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: PondSea on July 03, 2014, 09:34:14 pm
When did you start trading NXTprivacy
Currently it is only private sales

How can we get in on the private sale  ;D
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: jl777 on July 04, 2014, 06:17:21 am
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
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: jl777 on July 04, 2014, 06:31:49 am
Now that MGW is in "late Beta" I am switching gears toward InstantDEX and NXTprivacy. They actually have a fair amount in common, also with Privatebet.

Anyway, I got tired of waiting for zerocash to get a release out, plus they dont seem very helpful at all.
So, I've been fiddling with cryptonote and actually made a functioning fork of it. Not your usual clone though, I figure if I can leverage the existing cryptonote code to implement decent privacy, why not?

I cant put this into the NXT core, but I can put it into NXTservices. I am making a special cryptonote coin that will map 1:1 to the privateNXT asset. Keep in mind that inside NXT AE, privateNXT transfers/trades are not private. However, once I get it put into MGW so that you can send privateNXT to another privateNXT acct, then when that happens outside of NXT it would be as private as a normal cryptonote payment.

I am also thinking of using the cryptonote address as the "private address", so not only will the cryptonote -> cryptonote payment be private, nobody will even know who owns the cryptonote address (not that you even see that in the first place) for either source or destination.

So, maybe it is not 100% perfect zeroknowledge magic, but practically speaking as long as there are a decent number of people using privateNXT, it will be about as anonymous  private as anything out in the market.

The privacyServers will run the cryptonote servers ("mining" is just a formality as virtually all pre-mined). We also have an easy way for privacyServer hosts to offer http/https proxy services.

I am leaning toward a hub + spoke model for the InstantDEX/NXTprivacy network. Nodes that can accept incoming TCP (or UDP) automatically become hubs and they will earn more nodecoins, privateNXT fees, etc.

So, no guarantees I can actually get the cryptonote actually working, but so far looking pretty good

James
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: jl777 on July 04, 2014, 07:37:33 am
OK, so I still cant get the clients to talk to the servers, but actually as long as payments work, between the servers that should actually be good enough. Not having any direct peer to peer contact is actually a privacy benefit and since anybody can setup a privacyServer node (including yourself via VPS) it retains decentralizationness

So "mining" is taking ~1% of one core CPU. I set the blocktime to 60 seconds, not sure if it will actually follow that. Have generated almost enough cryptonote pNXT to match the privateNXT assets.

I hope I can get payments to work server <-> server
Then adding cryptonote support to MGW
Then ...

James
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: Ludom on July 04, 2014, 08:40:30 am
Why do you need to create your own NXT cryptonote. Could it be possible to integrate directly one or some cryptonotes like Monero ?

With your MGW you can integrate it, and it's enough, no ?

It could be very interesting to work with other devs and community, it's easier and very valuable (you begin directly with a real community and dynamic).

Is my idea stupid ?
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: jl777 on July 04, 2014, 08:50:08 am
Why do you need to create your own NXT cryptonote. Could it be possible to integrate directly one or some cryptonotes like Monero ?

With your MGW you can integrate it, and it's enough, no ?

It could be very interesting to work with other devs and community, it's easier and very valuable (you begin directly with a real community and dynamic).

Is my idea stupid ?
I am planning on both approaches. I am not smart enough to know beforehand which is better way
For example. If NXT privacy is wanted, then it is not good to have exchange issues (liquidity, spread, etc) to convert to another currency and back. So we need a 1:1 between a cryptonote coin and NXT. I could only think of making special cryptonote to achieve this 1:1

I am working with the cryptonote community and intend to provide gateway services via MGW and possibly more.

Anyway, it is a very good way to learn about cryptonote to make your own

James

P.S. After evaluating all the cryptonote's (including the reference code), I have chosen Boolberry as the one to work with. it is by far the most innovative and much more than just the baseline code. It even has a Qt GUI and I got it to run with pNXT, though still have some issues getting all parts to work together. So, if you are deciding between all the various cryptonote coins, BBR is technically the most superior
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: superresistant on July 04, 2014, 09:23:06 am
Now that MGW is in "late Beta" I am switching gears toward InstantDEX and NXTprivacy. They actually have a fair amount in common, also with Privatebet.
Anyway, I got tired of waiting for zerocash to get a release out, plus they dont seem very helpful at all.
So, I've been fiddling with cryptonote and actually made a functioning fork of it. Not your usual clone though, I figure if I can leverage the existing cryptonote code to implement decent privacy, why not?
I cant put this into the NXT core, but I can put it into NXTservices. I am making a special cryptonote coin that will map 1:1 to the privateNXT asset. Keep in mind that inside NXT AE, privateNXT transfers/trades are not private. However, once I get it put into MGW so that you can send privateNXT to another privateNXT acct, then when that happens outside of NXT it would be as private as a normal cryptonote payment.
I am also thinking of using the cryptonote address as the "private address", so not only will the cryptonote -> cryptonote payment be private, nobody will even know who owns the cryptonote address (not that you even see that in the first place) for either source or destination.
So, maybe it is not 100% perfect zeroknowledge magic, but practically speaking as long as there are a decent number of people using privateNXT, it will be about as anonymous  private as anything out in the market.
The privacyServers will run the cryptonote servers ("mining" is just a formality as virtually all pre-mined). We also have an easy way for privacyServer hosts to offer http/https proxy services.
I am leaning toward a hub + spoke model for the InstantDEX/NXTprivacy network. Nodes that can accept incoming TCP (or UDP) automatically become hubs and they will earn more nodecoins, privateNXT fees, etc.
So, no guarantees I can actually get the cryptonote actually working, but so far looking pretty good
James

James, we need to bind together the Nxt community with the Monero community.

Monero need a decentralized platform and Nxt need an anonymous bridge.

Me, Ludom and Anon136 are already into Monero. This is the most advanced anonymous crypto project by far. All others are no match.

Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: superresistant on July 04, 2014, 09:24:54 am
Why do you need to create your own NXT cryptonote. Could it be possible to integrate directly one or some cryptonotes like Monero ?
With your MGW you can integrate it, and it's enough, no ?
It could be very interesting to work with other devs and community, it's easier and very valuable (you begin directly with a real community and dynamic).
Is my idea stupid ?
I am planning on both approaches. I am not smart enough to know beforehand which is better way
For example. If NXT privacy is wanted, then it is not good to have exchange issues (liquidity, spread, etc) to convert to another currency and back. So we need a 1:1 between a cryptonote coin and NXT. I could only think of making special cryptonote to achieve this 1:1
I am working with the cryptonote community and intend to provide gateway services via MGW and possibly more.
Anyway, it is a very good way to learn about cryptonote to make your own
James
P.S. After evaluating all the cryptonote's (including the reference code), I have chosen Boolberry as the one to work with. it is by far the most innovative and much more than just the baseline code. It even has a Qt GUI and I got it to run with pNXT, though still have some issues getting all parts to work together. So, if you are deciding between all the various cryptonote coins, BBR is technically the most superior

BBR and XMR are the only cryptonote that are worth it.
I agree that BBR is the best technically but the BBR community is really small.

There is not big differences between XMR and BBR apart from the algorithm.

EDIT : XMR has 2 GUI wallet.

Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: superresistant on July 04, 2014, 09:30:22 am

Hey what about Nxt creating his own crypto-note, fully integrated in the Nxt client ?

Wow...
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: jl777 on July 04, 2014, 07:26:13 pm

Hey what about Nxt creating his own crypto-note, fully integrated in the Nxt client ?

Wow...
Thats what I did already, well it will be integrated into the NXTservices enhanced web GUI
https://github.com/jl777/pNXT

2014-Jul-04 02:31:37.619261 [miner 0] Found block for difficulty: 17970 height 8608
2014-Jul-04 14:14:44.933715 [miner 0] Found block for difficulty: 11507 height 9325

Around 700 blocks in 12 hours so very close to 1 per minute
703 minutes 717 blocks = 58.8 seconds per block

The block reward is 1 pNXT (for privateNXT) per block and "mining" takes 1% of 1 core's CPU
The idea is that pegged at 1 NXT per pNXT, this equates to a subsidy for ~100 servers

If some sort of arms race develops for this blockreward, I will just divert it to a central fund that will then payout prorata for network services provided. So, hopefully all privacyServer providers will play nice so I dont permanently blacklist whoever tries to game the system. I will get cranky if I have to do extra work just to get what we need in place!

I am working off of the BBR source base, already have a cross platform GUI. But that is for the internal pNXT. I plan on integrating XMR, BBR and any other promising cryptonote

James

P.S. the pNXT repo is under active development, so for now dont expect it to actually work
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: anon136 on July 04, 2014, 07:51:26 pm
Why do you need to create your own NXT cryptonote. Could it be possible to integrate directly one or some cryptonotes like Monero ?
With your MGW you can integrate it, and it's enough, no ?
It could be very interesting to work with other devs and community, it's easier and very valuable (you begin directly with a real community and dynamic).
Is my idea stupid ?
I am planning on both approaches. I am not smart enough to know beforehand which is better way
For example. If NXT privacy is wanted, then it is not good to have exchange issues (liquidity, spread, etc) to convert to another currency and back. So we need a 1:1 between a cryptonote coin and NXT. I could only think of making special cryptonote to achieve this 1:1
I am working with the cryptonote community and intend to provide gateway services via MGW and possibly more.
Anyway, it is a very good way to learn about cryptonote to make your own
James
P.S. After evaluating all the cryptonote's (including the reference code), I have chosen Boolberry as the one to work with. it is by far the most innovative and much more than just the baseline code. It even has a Qt GUI and I got it to run with pNXT, though still have some issues getting all parts to work together. So, if you are deciding between all the various cryptonote coins, BBR is technically the most superior

BBR and XMR are the only cryptonote that are worth it.
I agree that BBR is the best technically but the BBR community is really small.

There is not big differences between XMR and BBR apart from the algorithm.

EDIT : XMR has 2 GUI wallet.

link to gui wallet?
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: jl777 on July 04, 2014, 07:59:58 pm
Why do you need to create your own NXT cryptonote. Could it be possible to integrate directly one or some cryptonotes like Monero ?
With your MGW you can integrate it, and it's enough, no ?
It could be very interesting to work with other devs and community, it's easier and very valuable (you begin directly with a real community and dynamic).
Is my idea stupid ?
I am planning on both approaches. I am not smart enough to know beforehand which is better way
For example. If NXT privacy is wanted, then it is not good to have exchange issues (liquidity, spread, etc) to convert to another currency and back. So we need a 1:1 between a cryptonote coin and NXT. I could only think of making special cryptonote to achieve this 1:1
I am working with the cryptonote community and intend to provide gateway services via MGW and possibly more.
Anyway, it is a very good way to learn about cryptonote to make your own
James
P.S. After evaluating all the cryptonote's (including the reference code), I have chosen Boolberry as the one to work with. it is by far the most innovative and much more than just the baseline code. It even has a Qt GUI and I got it to run with pNXT, though still have some issues getting all parts to work together. So, if you are deciding between all the various cryptonote coins, BBR is technically the most superior

BBR and XMR are the only cryptonote that are worth it.
I agree that BBR is the best technically but the BBR community is really small.

There is not big differences between XMR and BBR apart from the algorithm.

EDIT : XMR has 2 GUI wallet.

link to gui wallet?
http://boolberry.com/downloads.html
I even got the Mac GUI working with pNXT, well as well as it could work with current issues
the Boolberry GUI works fine on Mac, though you have to build it yourself
The Win GUI should work just fine
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: anon136 on July 04, 2014, 08:00:21 pm

Hey what about Nxt creating his own crypto-note, fully integrated in the Nxt client ?

Wow...
Thats what I did already, well it will be integrated into the NXTservices enhanced web GUI
https://github.com/jl777/pNXT

2014-Jul-04 02:31:37.619261 [miner 0] Found block for difficulty: 17970 height 8608
2014-Jul-04 14:14:44.933715 [miner 0] Found block for difficulty: 11507 height 9325

Around 700 blocks in 12 hours so very close to 1 per minute
703 minutes 717 blocks = 58.8 seconds per block

The block reward is 1 pNXT (for privateNXT) per block and "mining" takes 1% of 1 core's CPU
The idea is that pegged at 1 NXT per pNXT, this equates to a subsidy for ~100 servers

If some sort of arms race develops for this blockreward, I will just divert it to a central fund that will then payout prorata for network services provided. So, hopefully all privacyServer providers will play nice so I dont permanently blacklist whoever tries to game the system. I will get cranky if I have to do extra work just to get what we need in place!

I am working off of the BBR source base, already have a cross platform GUI. But that is for the internal pNXT. I plan on integrating XMR, BBR and any other promising cryptonote

James

P.S. the pNXT repo is under active development, so for now dont expect it to actually work

This is exciting. These cryptonote coins + multigateway give us exactly the tools we need to allow nxt to do anonymous transactions. Basically you just buy the tokens, redeem the tokens to the address you want to pay, then the receiver sends the cryptonote coins to your gateway in exchange for tokens, sells the tokens, gets the nxt.

its a little bit laborious but hopefully someone can figure out a way to remove some of the steps in the future.
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: anon136 on July 04, 2014, 08:01:07 pm
Why do you need to create your own NXT cryptonote. Could it be possible to integrate directly one or some cryptonotes like Monero ?
With your MGW you can integrate it, and it's enough, no ?
It could be very interesting to work with other devs and community, it's easier and very valuable (you begin directly with a real community and dynamic).
Is my idea stupid ?
I am planning on both approaches. I am not smart enough to know beforehand which is better way
For example. If NXT privacy is wanted, then it is not good to have exchange issues (liquidity, spread, etc) to convert to another currency and back. So we need a 1:1 between a cryptonote coin and NXT. I could only think of making special cryptonote to achieve this 1:1
I am working with the cryptonote community and intend to provide gateway services via MGW and possibly more.
Anyway, it is a very good way to learn about cryptonote to make your own
James
P.S. After evaluating all the cryptonote's (including the reference code), I have chosen Boolberry as the one to work with. it is by far the most innovative and much more than just the baseline code. It even has a Qt GUI and I got it to run with pNXT, though still have some issues getting all parts to work together. So, if you are deciding between all the various cryptonote coins, BBR is technically the most superior

BBR and XMR are the only cryptonote that are worth it.
I agree that BBR is the best technically but the BBR community is really small.

There is not big differences between XMR and BBR apart from the algorithm.

EDIT : XMR has 2 GUI wallet.

link to gui wallet?
http://boolberry.com/downloads.html
I even got the Mac GUI working with pNXT, well as well as it could work with current issues
the Boolberry GUI works fine on Mac, though you have to build it yourself
The Win GUI should work just fine

he said there is one for XMR do you suppose he meant BBR?
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: jl777 on July 04, 2014, 08:08:20 pm
he said there is one for XMR do you suppose he meant BBR?
cryptonote baseline code is not production tested. I cant even get it to compile cleanly.
Granted it is the source for all cryptonote algos

BBR has made extensive improvements to the codebase. The txformat is different, there is voting, basically cryptonote++
The other cryptonote coins seem to be taking stuff from BBR and the whole bitmonero/monero schism was kind of strange

I like to go with the best tech. Boolberry is a bit handicapped by its strange name, but that maybe keeps its price lower for a while. BBR is trading at about 1/4 the price of XMR and it has about 1/4 the total coins now. You do the math. Better tech, 1/16'th the price :)

James

P.S. The Boolberry code compiled just fine for me, even the GUI. Yes I have BBR stake, at least sharkfund0 has
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: jl777 on July 04, 2014, 08:11:30 pm

Hey what about Nxt creating his own crypto-note, fully integrated in the Nxt client ?

Wow...
Thats what I did already, well it will be integrated into the NXTservices enhanced web GUI
https://github.com/jl777/pNXT

2014-Jul-04 02:31:37.619261 [miner 0] Found block for difficulty: 17970 height 8608
2014-Jul-04 14:14:44.933715 [miner 0] Found block for difficulty: 11507 height 9325

Around 700 blocks in 12 hours so very close to 1 per minute
703 minutes 717 blocks = 58.8 seconds per block

The block reward is 1 pNXT (for privateNXT) per block and "mining" takes 1% of 1 core's CPU
The idea is that pegged at 1 NXT per pNXT, this equates to a subsidy for ~100 servers

If some sort of arms race develops for this blockreward, I will just divert it to a central fund that will then payout prorata for network services provided. So, hopefully all privacyServer providers will play nice so I dont permanently blacklist whoever tries to game the system. I will get cranky if I have to do extra work just to get what we need in place!

I am working off of the BBR source base, already have a cross platform GUI. But that is for the internal pNXT. I plan on integrating XMR, BBR and any other promising cryptonote

James

P.S. the pNXT repo is under active development, so for now dont expect it to actually work

This is exciting. These cryptonote coins + multigateway give us exactly the tools we need to allow nxt to do anonymous transactions. Basically you just buy the tokens, redeem the tokens to the address you want to pay, then the receiver sends the cryptonote coins to your gateway in exchange for tokens, sells the tokens, gets the nxt.

its a little bit laborious but hopefully someone can figure out a way to remove some of the steps in the future.
By "someone" you mean me?
:)

Yes, I am trying to wrap all this back and forth in :7777 API so we can make a GUI to do a privacy enhanced NXT sendMoney. While I am at it I figured I can make the destination be a NXT address, BTC address, BBR, etc.

Oh and by "NXT address" it could be the public NXT acct's private pNXT address.

So many parts though cant quite fit all the puzzle pieces together. I want the NXTservices GUI to have a "private send" and everything happens transparently.

James
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: anon136 on July 04, 2014, 08:13:40 pm

Hey what about Nxt creating his own crypto-note, fully integrated in the Nxt client ?

Wow...
Thats what I did already, well it will be integrated into the NXTservices enhanced web GUI
https://github.com/jl777/pNXT

2014-Jul-04 02:31:37.619261 [miner 0] Found block for difficulty: 17970 height 8608
2014-Jul-04 14:14:44.933715 [miner 0] Found block for difficulty: 11507 height 9325

Around 700 blocks in 12 hours so very close to 1 per minute
703 minutes 717 blocks = 58.8 seconds per block

The block reward is 1 pNXT (for privateNXT) per block and "mining" takes 1% of 1 core's CPU
The idea is that pegged at 1 NXT per pNXT, this equates to a subsidy for ~100 servers

If some sort of arms race develops for this blockreward, I will just divert it to a central fund that will then payout prorata for network services provided. So, hopefully all privacyServer providers will play nice so I dont permanently blacklist whoever tries to game the system. I will get cranky if I have to do extra work just to get what we need in place!

I am working off of the BBR source base, already have a cross platform GUI. But that is for the internal pNXT. I plan on integrating XMR, BBR and any other promising cryptonote

James

P.S. the pNXT repo is under active development, so for now dont expect it to actually work

This is exciting. These cryptonote coins + multigateway give us exactly the tools we need to allow nxt to do anonymous transactions. Basically you just buy the tokens, redeem the tokens to the address you want to pay, then the receiver sends the cryptonote coins to your gateway in exchange for tokens, sells the tokens, gets the nxt.

its a little bit laborious but hopefully someone can figure out a way to remove some of the steps in the future.
By "someone" you mean me?
:)

Yes, I am trying to wrap all this back and forth in :7777 API so we can make a GUI to do a privacy enhanced NXT sendMoney. While I am at it I figured I can make the destination be a NXT address, BTC address, BBR, etc.

Oh and by "NXT address" it could be the public NXT acct's private pNXT address.

So many parts though cant quite fit all the puzzle pieces together. I want the NXTservices GUI to have a "private send" and everything happens transparently.

James

You are a member of the set known as "someone" :P. At least i think. Come-from-beyond im not so sure about. He may have come from beyond.
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: superresistant on July 05, 2014, 05:19:48 am
EDIT : XMR has 2 GUI wallet.
link to gui wallet?

My thread with many links :
https://bitcointalk.org/index.php?topic=658990.0;all

The monero GUI thread :
https://bitcointalk.org/index.php?topic=589561

One monero GUI dev :
https://bitcointalk.org/index.php?action=profile;u=199483;sa=showPosts

His releases :
https://github.com/Jojatekok/monero-client/releases
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: jl777 on July 05, 2014, 09:29:52 am
Some good progress. got pNXT so that remote nodes can sync up to the blockchain. Then I got a bit crazy...
This is only on the Mac and I dread the process of getting this working on Windows, but I have managed to get the C++ Boolberry daemon merged(!) with the NXTservices sources.

I still couldnt get the simplewallet to talk nice, so I just merged the simplewallet into the daemon.

Right now I am watching the NXT blockchain scan that NXTservices does, while the pNXT is "mining"! I even got it to automatically generate an address and load a wallet.

The hard part (on top of getting all the source files happy) was to get C callable C++ entry points. I am sure this is easy for somebody that actually knows C++, but for me it has been stumbling and bumbling with all sorts of compiler errors. Not used to writing in a language I am not fluent in.

Anyway, if the :7777 page comes up, that means tomorrow I can create NXTservices API calls for pNXT. Still not sure how to do this right, but I think it could be as "simple" as adding pNXT withdraws to MGW while honoring the private addresses.

James

edit: nope, crashed. So something not quite right. Anyway feeling like big progress and privacy levels in NXT around the corner!
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: Come-from-Beyond on July 05, 2014, 10:48:40 am
Has anyone analyzed this - https://github.com/scipr-lab/libsnark ? Is it good?
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: jl777 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
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: Come-from-Beyond 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.
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: jefdiesel 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.

Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: jl777 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
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: jl777 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
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: ThomasVeil 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.
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: jl777 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.
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: Pilot 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?
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: jefdiesel on July 09, 2014, 03:44:44 am
im going to assume thats a question best asked privately
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: ThomasVeil 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.
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: jl777 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
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: jl777 on July 24, 2014, 05:29:46 am
Some details on privacyServers and status of InstantDEX
https://nxtforum.org/nxtservices-releases/(alpha-t10)-instantdex-alpha-release-includes-initial-privacyserver-support/msg69853/#msg69853
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: jl777 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
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: qbd1313 on July 25, 2014, 12:05:00 pm
great
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: hisun 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.
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: jl777 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.
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: allwelder 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. :)
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: whale 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!
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: jl777 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.
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: xyzzyx 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!

(http://i.imgur.com/SjJw8Ng.gif)
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: Sebastien256 on August 05, 2014, 11:59:11 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!

How is that asset work? I don't understand: "NXTprivacy is proud to issue the cryptocard asset which will distribute 1% of processed transaction volumes to the assetholders".

There is only two assetholders now:
https://nxtblocks.info/#section/assets_exchange/stakeholders/7110939398145553585

Both assetholders seems to be own by you.

Is what I say true? if not, where can we found the stakeholders list?
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: jl777 on August 06, 2014, 12:10:00 am
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.

How is that asset work? I don't understand: "NXTprivacy is proud to issue the cryptocard asset which will distribute 1% of processed transaction volumes to the assetholders".

There is only two assetholders now:
https://nxtblocks.info/#section/assets_exchange/stakeholders/7110939398145553585

Both assetholders seems to be own by you.

Is what I say true?
At the moment the asset was issued 100% was in NXTprivacy, but this is just due to not having completed the distributions based on people's deposits.

NXTprivacy issued the asset, I am waiting to distribute 50% to the BTCD peoples, but they all need to make NXT accts. 10% is in JLH as is typical, so NXTprivacy will end up with ~30%. I expect 10% to go to another party.

So, if by "you", you mean JLH asset holders and NXTprivacy holders, then 10% + 30% will be in those assets.

This adds value to the NXTprivacy asset as it will get 0.3% of cryptocard transaction volume. It also helps coinomat boost its processing volumes. JLH gets another asset. While I could have done this personally, I have committed to do my best to increase the value of my assets in their respective areas and I use my best judgement when structuring each deal to properly place them in the right asset. When the NXTprivacy assets are finished selling, then the remainder will go to NXTventure assetholders as a dividend.

I hope this makes sense. Also note that I am not asking for anybody to invest in cryptocard, it was just a notice about what the asset was.

James
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: jl777 on August 06, 2014, 12:12:56 am
As previously announced, NXTprivacy will be issuing a cryptocard asset, but it turns out that it sold out before I could even issue it!

How is that asset work? I don't understand: "NXTprivacy is proud to issue the cryptocard asset which will distribute 1% of processed transaction volumes to the assetholders".

There is only two assetholders now:
https://nxtblocks.info/#section/assets_exchange/stakeholders/7110939398145553585

Both assetholders seems to be own by you.

Is what I say true? if not, where can we found the stakeholders list?
http://bitcoindark.net/anon-cards this has the list of BTCD peoples
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: Sebastien256 on August 06, 2014, 12:15:18 am
thank you for the precision.
as 1% go to the stakeholder who will get the supplemental 2% transaction fee?
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: jl777 on August 06, 2014, 12:18:07 am
thank you for the precision.
as 1% go to the stakeholder who will get the supplemental 2% transaction fee?
cryptocard has outsourced all card processing and handling so that it can have a fixed profit margin of 1% transaction volumes without any variance in operating costs. coinomat is the vendor to process this and for them this is a nice incremental revenue source

James
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: jl777 on August 06, 2014, 08:19:16 pm
draft version of Teleport darkpaper is available to trusted members for some feedbacks

PM me if you are interested

James
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: xcn on August 07, 2014, 06:15:39 am
draft version of Teleport darkpaper is available to trusted members for some feedbacks

PM me if you are interested

James

Interested :)
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: salsacz on August 10, 2014, 12:54:00 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

is this (cryptonote) still valid? or you converting to teleport
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: jl777 on August 10, 2014, 01:01:03 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

is this (cryptonote) still valid? or you converting to teleport
The privateNXT approach is deprecated by Teleport.

NXTprivacy will get 0.1% of teleporting BTC and other coins. NXT will get a big discount on teleport fees
NXTprivacy still owns 50%+ of Privatebet and now 30% of cryptocard, which is 0.3% of anon card transaction volumes
Also might get some revenue sharing from privacyServers in additiona to teleport fees, but I dont expect it would be anywhere close to the main revenue generators
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: salsacz on August 10, 2014, 01:05:44 am
so you won't be using this cryptonote solution (like "3) Now you have pNXT in a cryptonote acct that only you and your privacyServer even know")
Title: Re: NXTprivacy - asset that includes privacy related projects
Post by: jl777 on August 10, 2014, 01:25:38 am
so you won't be using this cryptonote solution (like "3) Now you have pNXT in a cryptonote acct that only you and your privacyServer even know")
correct. I am not planning on using ring sigs at this point. Maybe at some point later I would, but for now just Teleport
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