Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SYNC]X11 | POS| NiteSend -First anon transaction on the blockchain
by
Chronikka
on 29/06/2014, 23:22:34 UTC
Still no answer from MsCollec or Nite about what happens if only one transaction is included in a Nitesend transaction.

If it signs and broadcasts with just a single transaction you lose all anonymity, but still no further explanation from them about how it will work.

You all should consider Nitesend to be vaporware until they can prove otherwise.

Sorry, have been away for a while.
It will be configurable, ie you can configure if you want to send it as a single transaction or cancel it. I considering also to make that waiting time as a parameter, long time -> better chances to get a participant.
I'v been thinking (and also got a same suggestion) about a possibility to allow some random wallet to participate as a second (or third or fourth) participant to join the transaction. The first nitesend transaction starter might need to send extra 'hiding fee' to get a participant (this might also pose a security risk; is it possible to find out who payed double fee and who recieved it?) . But, then wallet owners might also 'mine' more coins by just allowing their wallet to participate on this hiding process.

A community could also help on this; just by agreeing to send coinjoin transactions at the same time they get a better chance to find a participant.

What about just two transactions? or Three? Simple block chain analysis will be able to link addresses with enough data.

It would seem that this system is dependent entirely on transaction volume. But Sync is supposed to be a low transaction, POS coin.