Thanks for the update team! I'm looking forward to testing the new ring signature scheme which according to Adam Back, "This alternate linkable ring signature tends to 1/2 the size of the crypto note ring signature as the signature is 3+n values vs 2+2n values". ICYDK, Adam is the creator of the Hashcash currency that inspired Bitcoin (Bitcoin without inflation curve).

What an awesome 1st year for Shadow - steady organic growth with non-stop incremental advancements to the codebase. Without a doubt we have the most competent team working on any currency project.

One small step for SDC, one giant leap for crypto.

http://media.giphy.com/media/3KNAC9RJvnJAY/giphy.gif

Feel free to show some support for SDC on BTC38's thread => https://bitcointalk.org/index.php?topic=522458.0

Thanks for the link Americunt. I have a feeling the financial impact of Shadowmarket is going to be larger than most anticipated. I wasn't aware that the lead developer of OpenBazaar also works for one of the largest CIA contractors. That's going to be a tough sell any way you look at it.. lel. Based on the contents of the article, I foresee a massive infusion of DN capital into SDC as the ShadowMarket release draws nearer. 2015 is shaping up to be the year of the Shadow.

Translation: "Buy into our Scam! We promise we'll spend your Bitcoin on the best hookers and blow in Canada!"

A shill account named after known scam artist BobSurplus aka Robert Duskes Jr. A scammer emulating another scammer peddling a shitcoin... seems legit.

"I worked for Robert's main business Nationwide Business Directory. My job was to call Canadian and American businesses to sell them a bogus directory between $399 to $499...whatever I could sell. This was my first telemarketing job...and guess what...it was a total scam...and in the end I got scammed...Robert didn't pay my last paycheck!" - http://www.ripoffreport.com/r/robert-duskes-scamstopperscom/1324-lexington-avenue-286-new-york-10128/robert-duskes-scamstopperscom-robert-bradley-bob-duskes-robert-bradley-duskes-used-to-646481

"Shit cloned into SDC"

I noticed your shitcoin is using dual-key stealth addresses.. something that was developed and open sourced by the developers of SDC. Coming here and bashing the supplier of the technology you are peddling doesn't do much for your case. I guess facts don't matter much to your kind anyways. Neither does real development. Just an endless cycle of syphoning BTC from real investments into scams. Let's be honest it's the only reason why you two shills would post your trash here.

10% to 2888% inflation? Who in their right mind would throw their money down the toilet for a hyper inflated currency with no commercial value or possible future? You would have better luck promoting a "Nigerian Prince" e-mail scam instead of your Zimbabwe inspired shitcoin.

Are there any efforts being made towards promoting SDC within the Chinese market? China is one of the largest cryptocurrency markets and this project has little to no representation there. Any ideas or suggestions as to how this community can make efforts to expanding awareness into the region?

Private communication and commerce in China might be an even bigger deal than in western countries due to the draconian censorship established by the ChiComs. Commerce between the Republic of China (Taiwan) and the People's Republic of China (Mainland) could benefit from a private secure communication line (ShadowChat) for business-to-business and peer-to-peer item sales given the unfriendly relations between the two countries (similar to East and West Germany during the Cold War). The amount of vendors peddling high-end fashion and electronics at a discount would be huge asset to the marketplace. I've heard stories of people flying to China to buy suitcases full of Gucci and similar products for deep discounts to resell in their native lands. Giving these vendors an option to sell privately could help boost commerce for the marketplace.

If anyone knows any Mandarin speakers who can contribute to the project's international expansion please refer them to the team or speak up if you have expertise in this area. Maybe we can get a bounty going for the PR team as I think it is prime time for expansion into the market. The traction gained by this would, IMO, outweigh any progress made in western countries.

Chinese friendly wallet and mobile applications could be a starting bounty along with a Chinese mirror website.

I've heard that BTC38.com stopped adding coins that were under a year old, maybe it is time for the team/community to reach out to them again for a SDC pairing? If enough people here e-mail them I'm sure they will add SDC to their portfolio.

The OP didn't even bother to spell his name correctly.. It's no doubt a pathetic FUD attempt by some lonely bitcointalk virgin.

Exactly. First to market doesn't always mean success. That comes from proper planning, research, development and testing. Every release thus far here has had all of the above. There are other use-cases for SDC marketplace aside from illegal items ones I would think will bring even more commerce to the platform and wider adoption.

Grey market sales like online classifieds such as craigslist are done in person with cash. It's a sort of "Shadow Economy" that exists alongside retail and wholesale. The lack of smart escrow and the amount of scamming that takes place makes cash transactions the only viable solution. This limits shipping options for most sales. SDC is a "e-cash" option that would allow these types of sales to happen while still protecting the identities of the users and privacy of the transaction from prying eyes.


Elon Musk was a co-founder at PayPal alongside Peter Thiel one of the most vocal libertarians in Silicon Valley. They've been good friends for decades. Accepting government loans from a system which one has already paid into is not at all contrary to libertarian beliefs as to how the system should be structured in the first place.

"Somewhat libertarian, but Peter’s extremely libertarian.” - Elon Musk (http://www.newyorker.com/magazine/2011/11/28/no-death-no-taxes)

Thanks for all the hard work!


This is great news for the SDC developers and the shadow market project! It is proof that the decentralized marketplace concept is a viable investment for tech investment funds. There are numerous libertarian billionaires that could look to Shadow for an alternative investment more along the lines of their own political ideology. The "Paypal Mafia" (https://en.wikipedia.org/wiki/PayPal_Mafia) are known libertarians along with Elon Musk who btw is also South African just like our development team! Unlike the OpenBazaar developers who are tied into a separate currency and development in Bitcoin, SDC has both a currency and marketplace to go along with it and thus have much more flexibility designing, developing and maintaining the system.

All this and the laughably low current $0.14 price should look very attractive to venture capital firms looking to follow the benchmark just set by Andreessen Horowitz and Union Square Ventures. Venture capital firms have a history of 1upping the other in a competing investments. SDC seems like the only other viable project being developed that improves upon Bitcoin and OpenBazaar in terms of interface, use-ability, transactional speed and of course privacy.

The next step is to make it easier for fiat capital to flow into SDC. That way tech investors can invest directly in the project something that isn't possible with OpenBazaar and Bitcoin since they are separate projects with separate teams. This project needs a fiat currency pairing ASAP! Everyone in the community should be e-mailing the top BTC exchanges, like BTC38.com, that support fiat and ask them for a ShadowCash pairing. Make sure to mention the recent motherboard article so they know this project is already on the radar of the mainstream!

http://aboutshadow.com/images/Marketplace_roadmap_v2.png

Exactly. I don't think blaming anyone is the right thing to do though. However, if anything blame shitty investors looking for quick profits and scapegoats. They care less about privacy and more about their portfolio gains. The motherboard/vice article was a big motivator for the team to follow up and deliver since it put the project timetable on a worldwide scale. Some people here are too short sighted to see the potential of delivery. Not just from a profit level but also from a disruption level. This is a long term project for me. I have full faith in the team direction and capability. The frontend and print design work here is on par with a fortune 500 company and the development team is up there with the best of the best in the tech world. If anyone here doesn't have faith, they should exit and take their baggage elsewhere. There's plenty of shitcoin developers and pump groups waiting to take your btc off your hands for similar promises.

I'm the guy calling you out for your bullshit. Do the math if you can afford to hire them. According to the rough average calculation I have the backend development hours running anywhere from $120,000 or roughly 500BTC ($50/hour w\ 3 C++ devs) to $240,000 roughly 1080BTC ($100/hour w\ 3 C++ devs) USD over the last 5 months. Thats based on a 40 hour week and right now the devs are clocking in way more hours than that. That's also not including design work, frontend development, mobile development, research, tech support, planning, media relations. If you have the capital to fund them based on those averages then by all means step up and contribute because the total amount of donations since the projects inception 11 months ago is about 1% of that. If not, then STFU and let them decide what they feel is a priority for their skill sets.

As soon as the documentation topic became an issue it was discussed in the IRC channel. The overwhelming majority of the community stated they wanted the marketplace developed. The team isn't responsible for your memory loss.

I shouldn't even honor your post with a response since you didn't take the time to read my previous posts or research the history leading up to right now. You came into this project what 6 months ago and started spewing your opinions in here like they are the word of god.

Bottom line is the team here works on community donations, their own investments in this project and a drive to innovate the space. Nothing else. If you want to hire them and be their boss you would also have to start paying them. End of story. If not, then STFU and let them decide what they should and shouldn't do with their development hours and project direction. Constructive feedback, negative or positive, from the community has always been welcome here. Insulting the team because of their decision to focus on development is a slap in the face for a group of people working without wages and are the driving factor behind investor profits.

A code audit and a protocol review are two separate things. One involved meticulously going through code and checking dependencies unrelated to the actual privacy technology (something I don't think 5BTC to any level professional will cover). The other is a review of the protocol by itself based on the information provided through documentation and partly for code referenced in the white-paper not the codebase in its entirety. The proposed reviews from cryptonote authors and zuener were based on the whitepaper provided by the SDC dev team with whatever code was referenced in it. One I might add that was rushed out due to pressure from disgruntled profit seeking investors like yourself.

"Where's the WHITEPAPER??" was the same mantra being constantly chanted by similar investors. Now that mantra is back in a different form.

IMHO, the whitepaper could be revised to include more documentation but as I have stated priorities have shifted over to finishing up 9 months worth of frontend and backend development on the marketplace. The original bitcoin whitepaper wasn't that documented but reading whitepapers like the zerocash one and comparing it to Shadowcash's one can quickly see that it could be far more in-depth. Granted the zerocash whitepaper came from high level cryptography/mathematics professors/academics who either directly or indirectly are paid by a fund or university to do research and development work. Those projects aren't a community driven project like this one where the developers and contributors work solely off of donations.

You think you have respect for the team but in actuality you are just another skip60. Nothing better to do than post bullshit here and start bringing negative attention to the project instead of contributing that energy to help the project out.


Do you even know the difference between the two? One involves writing content for a select few to READ, COMPREHEND while the other involved writing code for software that everyone can USE. What is more important?


Skip60 you have bipolar disorder when it comes to this project. One minute you are spreading baseless accusations, the next minute you are praising the chart movement. Opinions are like assholes, everyone has one. Just because you post yours here doesn't mean its worth anything.

---

My proposal is this: If you want the team to stop working on the marketplace, Android and iOS and to shift their attention to writing up documentation for the code let's have a vote either here or on shadowtalk.org. If the entire community thinks that postponing the release of the marketplace in place of in-depth documentation, then I'm all for it. While we are at it let's also contribute funds to SDCDev, CRZ- and the rest of the team because if we are going to dictate what they should and shouldn't be doing with their project time and question their development efforts then we should be paying them.

You are a disgruntled investor insulting the development team (SDCDev, Tecno, BaS, DaSource, Crz-, Ludx) by posting childish (no pun) threats and ignoring their decision to focus on development instead of documentation. For the amount of hours they put into this project and lack of community donations for their efforts relative to their potential income elsewhere, it's the last thing they need to deal with. If you dumping the rest of your holdings means less stress for them then I believe everyone here would approve. In the last 5 months the project has more than quadrupled in value and yet here you stand bitching and moaning about making a profit. Crypto is the only place in the world where profiteers will insult/threaten the people making them a profit. In more traditional markets they would be praised and possibly even receive a commission.

1) The technology is first of all open source. Like all open sourced projects anyone is free to review the system to find and/or exploit any vulnerabilities which in turn makes the team respond with a fix. We don't need anyone qualified to tell us that this will lead to the project getting stronger. The project is also built on a proven platform (Bitcoin). Unlike cryptonote, Bitcoin has been under the microscope from pentesters for many years now. When SDC gets into the limelight it will be under the microscope just the same. I have no doubts that the project will have numerous reviews come out for it.

2) The original authors of cryptonote also contacted the SDC team about reviewing ShadowSend. After 3 months of back and forth they asked for more documentation.. If this was just a clone of cryptonote as some clone developers have said I would think the original authors of the cryptonote protocol would be able to point that out instead of asking for more documentation. If anything it sparked their curiosity and appreciation of the work here to ask for more info. The fact the both reviewers asked for more information is also a sign that it is needed but not a priority over the marketplace. Commerce drives value in a currency much more than speculation.

Honestly, I think that you should dump the rest of your holdings and move to a new project child_harold. I don't think you have the skin to be a long term investor. Your public outcries show a lack of maturity and also a lack of reading comprehension. The team has stated numerous times that they decided to dedicate their resources to building out the marketplace instead of documentation. CRZ- started working on the marketplace design towards the end of October so this has been in planning well before any review of ShadowSend. The decision was to postpone development work for docs or begin backend development and the coverage by Motherboard of the SDC marketplace progress made that decision simple. Obviously our team would like to focus on documentation not just for the review but also to bring in contributing developers. The priority right now is finishing up on 9 months of front and backend development.

He's a nobody invested in Cloakcoin check his post history.


Exactly. To be fair, most of the crypto community who are against shadow are idiots (EmillioMann and company) who invested in shitcoin scams that were warned by people within this community. The others are pump groups (BobSurplus, Prometheus etc) who attacked it to promote their own scams. When the scam finally was clear they blamed the warners and their investment instead the scam artist developers and pump groups who are using their BTC for hookers and blow.

To people about for the Shadowsend review:

Yes, it has been 5 months. The reviewer (Zuener/CN Team) asked for more detailed documentation for the system. Last I checked the SDC developers stated that they didn't have the time to dedicate to documentation when their main priority is finishing the markets development. This topic was brought up in IRC countless times and in this thread. In that 5 month span the project has been featured on one of the most trafficked news sites on the net, vice.com. Go re-read that article. It's content and headline is based on delivery of the marketplace which will no doubt have a follow up article there and on other large sites once this moves into testing and release phase. SDCDev and the team are making sure that the next major press distribution has maximum exposure by releasing a solid product, not some half ass shitcoin hot air promise of a marketplace. The only way for Shadow to reach its full potential is by delivering on it's milestones. If history can teach us anything is that it always does.

Moving forward. Once the marketplace app is released our team can focus on documentation. Let me remind you Child_Harold that this is a real development project with real people working for free on it while the majority does nothing. We all benefit from the work done by the team and those contributing by building supporting platforms, getting existing platforms to  support SDC and spreading the word about the project by bringing in new privacy advocates into the fold.

That said, you are bitching about a .4BTC ($110) donation when this project's PPC (price per coin) has more than quadrupled in value since the donation. Do you even know how much it costs to develop software? An average C++ developer runs anywhere from $50-$100 bucks an hour. Someone of the caliber of SDCDev, Tecno, BaS will run much higher probably around $150-$250. Let's use the higher end average though so you can put your greed and lack of patience into perspective.

Example:
Pay x  Week Hours = Wage (Week)
$100 x 40 = $4000 a week

Wage x Weeks = Monthly Salary
$4000 x 4 = $16,000

Months x Wage = Cost per C++ Developer for Marketplace
5 x $16,000 = $80,000

Number of SDC C++ Devs x Wage = Total Cost of Backend Development (not included frontend design or development)
3 x $80,000 = $240,000

http://www.payscale.com/research/US/Skill=C%2b%2b/Salary

Adjust these numbers however you want, regardless it is clear that our developers could be making a shit ton more money elsewhere without having to listen to little bitchmade investors who can't appreciate their work whine about a 4x-5x profit in 5 month span. Also these rough figures don't include Java (Android development), Html/Css, tech support, copywriting, planning, research or design hours either. This example is just based on the marketplace backend development. If other factors were included the total cost would be much higher. That said, the team is here to build cool shit and change the landscape of the world not listen to your whining. If they wanted to make money they could quit the project and go to a more traditional engineering role without the BS investors ankle biting their progress.

TL:DR

The reviewers (Zuener and the Cryptonote authors) asked for more documentation. SDC devs dedicated resources to marketplace development not documentation. Software development hours cost money and energy, if you aren't paying the devs for their time then quit bitching about their cycle.