CAN NOBODY HERE SEE WHAT I AM POSTING?
Question: I have read your post and a bit confused. I am new to drk, can you give me a break down of how much time it should takes to send various amounts of dark anonymously?
Dark anonymizes the funds ahead of time and is constantly mixing the coin supply. This way when you need to spend, the transactions are immediate no need to wait. People are experimenting with how much time it takes to put large amount of DRK through the maximum 8 rounds of mixing which is an absolute over kill from a practical perspective, but is inevitable to want to test the system limits. But really you just anonymize once at your leisure and your anon coins sit there ready to be spent when you need to.
Indeed ! People are not getting it! ... I put my coins on a ridiculous 4 round and only took about 2h to get 4000 DRK totally anonymised, and at a fraction cost so low its almost daft to consider!!
Ok one further question.. Can you explain what is the difference between 1 round, 2 round, 3, etc of mixing. Why is 8 rounds even an option if 1 round is sufficient? How do you know how many rounds to pick to get anonymous?
The several rounds are just to eliminate the possibility of a large number of masternodes colluding with each other to deanon transactions. The possibility of that happening is very very low with 2 hops and with 8 rounds is just practically impossible. There is a spreadsheet showing the probabilities in the link below and also an explanation from Evan on how it works.
https://darkcointalk.org/threads/development-updates-july-15th.1788/thx for the info. So if I understand this correctly, using this mathematics:
https://uk.answers.yahoo.com/question/index?qid=20080126081910AAdbGVx60 of the current 600 masternodes are owned by bad actors, and I send 100 transactions at a rate of 2 hops, then there is a 63% chance that one will get detected? Is this right and is there any way to avoid this if I want to do a large number of transactions anonymously?
No in that scenario there is a 0.98% chance that party that owns 60 masternodes can deanon a particular transaction. See no single masternode knows what is up in a round you have to own the 2 that are randonmly selected in each round. If only one node is selected that is not compromised the attacker looses the trail. Plus the mixing happens ahead of time and the spending at any given time so timing attacks are pointless. But I am not an expert just sharing what I understand, just wait for Kristov Atlas review which should come out soon.
What I am saying is that, since there is a .98% of any single transaction (as you have said) then given any 100 single transactions, there is a 63% that at least one of them will be discovered. This is regardless of whether the transactions are related or not, just any 100 single transactions at 1% should give a 63% chance of at least one of them being comprimised.
Use more than 2 rounds.
Ok, so at 2 rounds it's likely to be unsecure if you are doing say 3-4 transactions / day for a month with the variables above.. So let's bump the rounds up to 3 rounds. Are there statistics somewhere for that? I didn't seem them on thespreadsheet.. I'd like to figure out how many dark transactions I can make with different variables before I am likely to get caught using Dark. In addition, won't using more rounds make the anonymizing process longer? is this likely to be an inconveniently long time, or just a little bit longer. Is there any statistics for how much longer per each round? The key question I am wondering is how to find the "sweet spot" of number of rounds and convenience for anonymous transactions using DRK
The process is only long (and by that if I mean a couple hours) if you are doing 4/5k coins through a lot of rounds.
A few hundred coins is fast even at 8 rounds. If you are doing 3-4 transactions per day during hours you are awake (say 15 hours a day) then you are looking at a 4-5 hours gap between sends on average. So unless you are wanting to send like 5k coins 3-4 times a day you won't be inconvenienced. That number of coins sent that often is what we call an edge case. And then there the fact that maybe only 500-600 people even have more than 5000 DRK to begin with...
I will take the "wait" involved with this system any day over using mixers (built into the coin or otherwise) that might steal your coins.