Post
Topic
Board Altcoin Discussion
Re: Best Altcoin to invest in for 2016 and WHY
by
TPTB_need_war
on 14/08/2015, 10:36:05 UTC
But now. I would like to buy Transfer (TX) .

My reaction...

1.
Ful automated TOR client in wallet.

3.
Masternodes

I explained those two as not being desireable features yesterday in my posts:

Well it is pointless (for Shadow and Monero) if it is based on I2P because I2P is no protection against the NSA. It has worse flaws than Tor. And when the NSA decides it is time to bust up I2P hidden services, they can easily do it.

There is a fundamental flaw in the way these anonymity networks publish the route to the hidden service. Await a future white paper for details and a proposed solution.

Edit: I just read at Shadow's Market place FAQ that it will reply on Tor or I2P. So the claim of it being anonymous (against the NSA) is bullshit.

I started discussing I2P on page 21 and the discussion continued until at least page 24 of the thread:

https://bitcointalk.org/index.php?topic=1049048.msg11842826#msg11842826

Re: the masternode discussion on page 6 of this thread, the fundamental problem with masternodes is they are not dumb intermediaries (i.e. as in the end-to-end principle that guides the design of internet protocols) and thus they can violate expected behavior. And example is their use in 0-conf transactions:

https://www.scribd.com/fullscreen/241012134

http://vanillacoin.net/papers/zerotime.pdf

Quote from: john-conner
While we appreciate the
InstantX[3] technology it suffers several major weaknesses in that it is a
centralized 3rd party approach vulnerable to collusion attacks, uses a 1st
generation approach to P2P network routing that yields both a limited horizon and
overall limited scalability

I have been designing a 0-conf, fully scalable consensus network that doesn't have the flaws of VNL's zerotime nor the masternode problem. One of the key epiphanies was making nodes dumb intermediaries where it is impossible for them to cheat.