Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant
RC3 Progress Report
I've had some substantial progress on DarkSend and have figured out how to make our existing system as secure as ring signatures. Vastly improved security, no bloat (from the ring signatures) and without actually having to trust new cryptography (it hasn't been extensively tested like what DarkSend uses) . So I think it'll give us a HUGE advantage in the coming months. More to come soon, I'm going to start implementing this tomorrow.
I've had some substantial progress on DarkSend and have figured out how to make our existing system as secure as ring signatures. Vastly improved security, no bloat (from the ring signatures) and without actually having to trust new cryptography (it hasn't been extensively tested like what DarkSend uses) . So I think it'll give us a HUGE advantage in the coming months. More to come soon, I'm going to start implementing this tomorrow.
What this means: I promised ring signatures to hype my coin and get tech-clueless people buying, I knew this couldn't be done anyway so now I retract from it. This whole thing is walking on thin air. It's innevitable the money will naturally shift towards a coin that has actually a solid base to deliver anonimity, and Bitcoin technology based coins aren't as they are fundamentally flawed for this goal.