Is the coin mixing process in SBC currently active? Or in development? If i understand correctly how the SBC coinmixer works it basically means this currency wont be decentralized.
This project called Zerocoin
http://zerocoin.org/ seems to aim to provide what Stablecoin is providing in terms of anonymity but they can accomplish it without a centralization. However, they are not a coin but rather a protocol that gets added ontop of another coin (like Mastercoin) so they need a partner it seems.
Maybe SBC & Zerocoin could work together considering how they have similar(identical?) goals? If this could make SBC anonymous AND truly decentralized then I think we would have a winner.
Zerocoin actually is a bit less secure, as all that needs is somebody to figure out the private key, which at least one person will know at launch. Stablecoin, if I'm not mistaken, mixes up the private key regularly, and an attacker would need physical access to the key nodes.
Also to that point, if i'm understanding correctly it will still be decentralized inherently, as anyone can setup there own nodes to faciliate the mixing, so you dont have to use sbc's official nodes if you dont want to, similar to mining as your not forced to use btcguild or ghash.io you use w/e pool you feel like or make your own if you want.
Lastly to answer your question the mixing service is in the development stage, and recently artos has requested beta testers for this service so you'll be able to see for youself once we get an announcement for when closed beta opens up.
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https://bitcointalk.org/index.php?topic=402095So, is there a chance we would see mining where you get coins to run a mixing service node? Perhaps adding transaction fees to mixing to pay whoever is running the mixing node and to place priority over those with higher transaction fees?
That'd be a very good way to cope with what will happen when all coins are minted. I have been skeptical of how the transaction fee to cost to mine ratio will play out and I've been thinking that transaction fees would have to go up significantly higher.