Hi everyone, really awesome project!
the only think that seems to be a bit troublesome is your emission-rate.
320.000 coins per block and a half life period of ~1 month. early adopters have a really huge advantage here.
do you mind to explain your thinking behind it?
greetings
criptix
I think the choice of this style of emission was to make a few possibly miffed individuals on bitcointalk happy that they had access to the emission from the genesis block, even if not all of them knew about it. Other than that, I think the speedy emission was to prevent the coins from ending up in botnets hands and subvert the entire process of botnets in general. Maybe dNote or someone else can explain it better?
Personally I see this more like a PoS coin with a PoW distribution, only it's a PoS coin without staking. I don't think you can have a PoS system due to how CryptoNote is designed, so this is what we have. That's the best benign answer I could come up with for myself though, in order to get past economic details and observe the technical ones.
I, for one, am extremely interested in this messaging system. I found the white paper a bit confusing, does anyone with a good grasp on how the messaging system works wish to explain how it works in a slightly easier to understand language than the whitepaper?
In simple words:
Messages are stored in transaction extra field, like PayLink (Payment ID), but encrypted. Sender encrypt his message with recipient private key (only recipient know his key), message is sent like any other DarkNote/CryptoNote transaction, so it is anonymous, untraceable and even the fact that message was send is unknown.
Recipient "looks" at encrypted extra field and decrypt only his message.
So DarkNote messages are:
-anonymous
-untraceable
-"invisible"
-Mixed with other messages
-Transferred via p2p PoW ASIC resistant decentralized DarkNote network