Quote from: r0ach on August 12, 2015, 03:55:01 AM

Is this standard proof of work + different form of anonymity, or some new, bizarre, finite resource like "proof of capcity" to drive the chain and a system built on top of that?

Now I have to finish the white paper on the consensus network.

It is proof-of-work, but it is a separation-of-concerns innovation that breaks up the responsibilities so that not everything has to go on the block chain. In that way, in theory it becomes scalable and also enables instant confirmations. In theory this prevents mining centralization, and makes it sure you can always push your transaction to the network, i.e. censorship proof. Hopefully it also provides for more fault tolerance to a fragmented internet, but I still need to work through a lot of the details before I can completely characterize the attributes of this design. I am still somewhat in invention mode of some aspects of the consensus network. I have to get all my ideas about the economic details written down and threshed out. I had started to do that, then got sidetracked on the anonymity paper, because the PhD in math needs to work on the anonymity and EdDSA implementations so I had to prepare that first. I already coded Ed25519 implementation, but we need also Ed41417 or Ed521 and I need peer review on all that code as well.

I hope the consensus network design will be more innovative than the anonymity. I was surprised that I stumbled onto to the anonymity innovation. The anonymity alone is enough to release a coin with. So we shouldn't delay too much. I have a lot to balance, because of my health issues. I felt much better after getting to the gym and not being on the computer from noon to 10pm. Maybe it is just trying to do too much as one person. Let's see how organization proceeds...

So now back to my main area of responsibility which will be the consensus network. So I really can't give you a firm summary yet. Also I'd much prefer to not talk in public, as any of this will be released anonymously and then let the market decide from the white papers.

I will talk less about this, so please don't ask me any more questions about it. Not to be unfriendly but for one reason just because I am a US citizen (for the moment) and I feel this is problemmatic. For example, I can not be the controlling group for any such coin due to SEC regulations. That is why I recruit others and I will work on the technology. The other reason is that if anyone does successfully topple Bitcoin, they are going to be subject to so much scrutiny. I am 50 years old. I've had a bizarre life. I don't want to be on public display. I will exit stage left and let others take over. There are many capable people. But only a few people are capable of getting something started from the ground up. I see my role as the instigator.

Edit: I wrote a unique proof-of-work hash in 2014 that can be reused. There is considerable professional cryptanalysis done on this hash I did, because I tweaked a NIST candidate. This will be another innovation. I believe it has advantages over Cryptonote's proof-of-work hash. But let's reserve that judgement to actual bench marks and market performance.

Edit#2: we also need to improve upon Tor, I2P, and Bitmessage. Not only ease-of-use sucks, but also they are fundamentally not reliable anonymity nor even privacy in all scenarios. These are not sufficient for anonymous internet. I discovered the key flaw in Tor and I2P (and not just that it can be Sybil attacked because it is free, which is another flaw that probably needs to be fixed). So I know what needs to be done there also, but I haven't decided whether to do the anonymity network first or the coin first. I am just working as fast as I can. An improved anonymity network can help all crypto-coins including Bitcoin, as well our general use of the internet. The anonymity network work may be the most dangerous. TPTB are very afraid of hidden services economy selling drugs and any other services that TPTB want a monopoly on. They strike with a vengeance against Silk Road, Pirate Bay, etc..