Quote from: SpringfieldM1A on July 30, 2014, 06:47:10 PM

Quote from: jl777 on July 30, 2014, 06:10:29 PM

I cannot be sure yet, but I think I made a significant breakthrough.
Need about two weeks
More as I get confirmation from some guys that are smarter than me

James

P.S. This is not about any trading, but about core feature

Guys that are smarter than you?

Impossible!

I am excited about the breakthrough

keep working your magic man.

I visited MIT once and there were guys MUCH smarter than me. In an instant they solve what I struggle for many hours. So, I realized that in order to succeed I had to work hard, since there are always these really smart guys out there.

Anyway, I couldnt sleep last night after this idea flashed.
Fully decentralized, no blockchain bloat, no record on the blockchain but protected by blockchain, no long delays

Yes, it sounds like magic, but I call it Teleport

Still thinking whether to allow arbitrary denominations, there is some chance for real world intel gathering to make some correlations, but with proper automated precautions I think this is not such an issue.
http://people.csail.mit.edu/spillai/data/papers/bitcoin-transaction-graph-analysis.pdf shows the type of extent an attacker will go to deanonymize and since the data is (usually) on the blockchain forever, any small leak of info can come back to haunt you.

Now it will most likely take longer than 2 weeks to get a GUI to properly display things, but the fundamental Teleport of funds should be in testing in about two weeks, say mid August.

I think that there will be several levels of privacy that users can select, but even the most basic level will have significant advantages over other solutions. Now keep in mind that with any anon tech, if the person you are sending to is careless/malicious, then information about you is leaked. Using privacyServer can make even the person you send to not aware of who you are, but then maybe that is too private?

I have an idea using tradebots to allow for safe transition back to normal space. Of course, if you purchase something and give them your identity, then all this privacy is lost, but this is up to each user to use basic common sense.

Anyway, all these other issues are relatively minor compared to core Teleport
When the funds are Teleported, they are of a slightly new form and you can continue to Teleport it to others without any additional step, but if you want it back to normal space, then I think best to use special tradebot for this.

I hope this post not too technical.

James