Post
Topic
Board Altcoin Discussion
Re: rpietila Altcoin Observer
by
AnonyMint
on 10/08/2014, 07:50:38 UTC
https://github.com/jl777/pNXT

I assume when he says "cryptonote tech" he means ring signatures. But he also says that he's developing a "cryptonote fork" that will add anon features to NXT??? I'm not an expert but isn't that like saying I'm developing a XCN fork that will add a mini-blockchain to Bitcoin? It just doesn't work like that, right? I'm confused.

I haven't looked at that in detail for what he is proposing specifically for NXT (not since he was promising to implement Zerocoin on NXT several months ago), but I think the following will shed some light on anything James writes.

He appears to be a prolific coder, so I am not insinuating that he can't help. However, I read (most of) his long, rambling whitepaper on his proposed convoluted and bizarre (and unpublished?) Telepods and Hyperspace for anonymity (the naming is adolescent), and he hasn't even dealt with fundamental issues such as denial-of-service and scaling. It appears he is trying to create a high-latency Chaum mix-net (but apparently doesn't even know that), so refer to our upthread discussion of the issues with low-latency Chaum mix-nets such as Tor and I2P.

It will take him many months to find all the holes and go back to the design drawing board to deal with them. In the end, let's see what kind of spaghetti he ends up with given he didn't have a holistic understanding from the beginning of his design.

Thus I wasn't surprised when I was searching for information on James' "decentralized" exchange (which I concurred upthread is not decentralized) and I stumbled onto this post...

At least he knows he doesn't know and that he must stumble into the rabbit hole and then dig himself out when he realizes there are so many holes in what he is implementing now...

https://bitcointalk.org/index.php?topic=684090.msg7882465#msg7882465

I am not smart enough to see the final solution, until I get past the last difficult patch.
I use an iterative development approach. Basically, I solve what I can and that simplifies the remaining problem.
Repeat and eventually I see the final solution.

So, a white paper is going to be wrong as soon as it is written.

The goals I have are of course, anon (but I call it privacy), but also a lot more. I also take an open-tent inclusive approach and like to use the best tech that is available, wherever it might come from. I tend to drive anybody that is super-organized and methodical pretty crazy, but this is the only way I know to do the stuff that hasnt been done before...