The lack of enthusiasm for a breakthrough in anonymity seems to spell doom for Monero and Zcash.

Seems people were only excited about JAMBOX, not anonymity. So that is good to know. Thanks.

Honest guys finish last, literally. Lol.

Lack of feedback seems to indicate the enthusiasm that was displayed before I wrote the prior post, does not exist if following the posited plan in the prior post.

That has been my feeling all along. There is apparently only one way for me to proceed which is impoverished alone, since I refuse for legal reasons and also for the CC's ideal distribution, to be directly involved in any ICO and developers are not willing to join an unpaid project.

So don't complain about the pace of progress. I am still only a human with 14 hours of work a day.

If there no significant change, I ask SOMAcoin to kindly close this thread. We don't need it cluttering the Altcoin Discussion forum.

I am writing this after being awake for 18 hours nonstop work. So this is sloppily written. I am rushed.

I don't want to lie. I will give it to you frankly. I did not vet the following statements with HONCHO. So he may have clarifications and I will notify you later if he does.

Okay the good and the bad news.

Everything below is subject to change.

Let me try to lay everything out and get the feedback. I haven't made any final decision yet, so you can possibly influence with your replies, but please pay close attention to every detail below and the logic of my circumstance.

1. I did not plan to launch a CC now. My plan was to finish my work on the programming language I am in the midst of designing, then go launch JAMBOX, then after that launch a CC distributed to the users of JAMBOX who I was hoping would number in the 100,000 minimum or quickly rising to a million+. I have a detailed plan on that, and I have not abandoned it. I want to emphasize that the CC for JAMBOX will not meet my goals on distribution if it is not distributed to the actual users of the network. If it is distributed to investors, then the CC will never widely circulate and nothing will have been achieved. You will never never get a CC to widely circulate if you have the investor hoarding the coin. Period.

2. I stumbled onto a clever way to improve anonymity technology to add some potential benefits which I already enumerated in a post over in my thread:



3. I did not expect to stumble onto that discovery now. So I decided to offer the technology for that for sale to the highest bidder. I was expecting maybe I could sell it to Dash or other existing altcoin for some token amount (maybe a couple thousands), and get some money and then proceed on my work mentioned in #1. The highest bidder thus far is my angel investor (who we will name HONCHO) who also happens to be a prolific developer in crypto. And it turns out that he is ready and willing to launch a new anonymous coin which we will name ACOIN. So I wanted to just sell the technology to him and/or consider it full payment for the angel investment, so I no longer owe him anything. But he said that he is very interested in JAMBOX and he said that he doesn't want to launch a coin with my anonymity technology unless I will also somehow tie my JAMBOX to the coin we would launch now. Also he wants to do an ICO, and that is one way he can offer to pay me the most. But I told him that I don't want to sell vaporware and also I can't be involved in any ICOs because I am a US citizen. Please note that I am not against an ICO if it doesn't involve me legally, and also if the ICO does not represent the future distribution of the JAMBOX coin. I would not create a CC for the millions and then ICO it. I wouldn't allow it to be professionally mined either. I would make sure that that only people that can mine it are the social networking users, so that the distribution is as wide as possible. How will I do that? Don't ask me now, but I have a way. Also I had long said that I don't want to launch my coin here on Bitcointalk, because I feel I need to be able to market it to millions of users in order to achieve my goal so marketing a CC to speculators here on this forum is not going to reach the goal. So what can I do?

4. HONCHO offered to pay me to add my anonymity, ASIC resistent proof-of-work (which I think is better than Monero's), and some other work on the coin he will create. In exchange, he wants me to exclusively contract him to implement the DE (decentralized exchange) on any CC I will create for JAMBOX. So what this means is that there will be new op codes in ACOIN and in any JAMBOX CC not supported initially by any other CCs. So this means that for some period of  months after I would launch any CC for JAMBOX, it is very likely if not certain that only ACOIN could be used to buy coins cheaply from social networking users that want to dump their coins which they mined for free. The social networking users will perceive that they are mining these coins for free because they won't even realize they are mining when they are using the social network. So from their perspective, they will never count the electricity because it will be too minute for them to notice on their electric bill. So it is quite likely many of them will dump these coins for peanuts. But not all of them will (else I will have failed in my responsibility to make many ways for them to spend this JAMBOX CC). So what I am saying to you is that I have an offer to do some contract work on a new ACOIN. And users who buy that ACOIN, then have apparently first dibs on buying cheap JAMBOX CC because in return I will contract HONCHO to implement the DE between both of these CCs. Note of course that over time the free market will make other ways to exchange but for some months it will not be very easy for the free market to go around the exclusive contract because just think about it. Social networking users are not going to go register in some exchange like Poloniex just to sell $10 worth of coins each. Over time the holdings between users and investors will balance out to a market equilibrium and then centralized exchanges will be come viable. Over time others will reverse engineer our op code and make other DE. But that won't happen the day the DE is launch. Competition takes time.

5. So ACOIN would be a way for me to emphasize the anonymity/privacy technology that I probably will not get around to adding to JAMBOX CC at least not in the initial release of JAMBOX CC, and to add other features  to ACOIN that I want to put in any JAMBOX CC such as the improved PoW ash function. So I see ACOIN as a viable coin by itself that will have some features the JAMBOX CC won't have. And the ACOIN will have the aforementioned access to the JAMBOX CC. But the ACOIN won't have the scaling that I want to put in the ACOIN CC, because I need to totally rewrite the source code for that. I can't start with the Bitcoin source code and achieve the radical scaling changes. And I am not ready to totally rewrite a CC source code until I complete my new programming language (or abandon the idea of creating a programming language although it is very important for my plans for replacing the web browser with an app browser).

6. The funding I would hopefully gain from ACOIN would enable me to hire a full time top developer (from outside of CC) to help work on both JAMBOX and JAMBOX CC. Most of the money raised for ACOIN, I presume would go to the development of ACOIN. It is possible that the development of ACOIN will mirror the development I do on the JAMBOX CC, but I can't promise that since it won't be my coin. I will be a paid developer on it, but not the only developer on it. The point is I will not go launching my own coin here on Bitcointalk. ACOIN would not be my coin, although I would be having a strong influence on it. And it would be the way for me and others to acquire JAMBOX CC. So you can bet I will hang on to some of my ACOIN (assuming I was paid some in ACOIN and some in BTC)!

7. Let me emphasize that I would not approve of this plan if it involves any vaporware. Any ICO must be for a coin that is already in testnet and ready to launch with all the features as stated. And any ICO must be open to everyone first-come, first-served with a limit on total coins. Or something like that, but any way I am not in control of any ICO. And I am only stating that which I would refuse to be paid to work on. I will tell you that of course HONCHO will make a statement but not yet. And I will also tell you he was involved in all the recent big ICOs. So apparently he knows what he is doing. Because I don't know a damn thing about that and I don't want to know.

8. The person who is helping to set the W3C standard for IoT is asking me to be the co-author of the standard. He and I had conversations in the past. I don't know if I can manage to fit that into my schedule. And I don't know if HONCHO wants to try to target IoT. There are many other ideas that might come into play. We are only 24 hours into this idea so far.


If the community approves, I can continue. If the community doesn't like, then perhaps I will decline the offer and continue working impoverished as I am at my slow pace.

You tell me?

Spoetnik I know you don't approve. Try to read what I wrote above. Think about my situation. I have negative net worth. I have only a small cash reserve which isn't even my own money. I been giving everything of myself to CC research and development. I have been ill for 4 years but doing better now with sublingual oregano oil daily. So which direction does this community think I should go?

If I didn't care, I wouldn't produce work with passion.

You either want passion or you don't. Greatness only comes with passion. I will guarantee you that.

Look at all the greats, they have tremendous passion for their goal. And they were also ruthless in taking revenge on their critics by proving them wrong. How many examples do you need?

Go listen to Kobe Bryant talk about what motivated him to work so hard. He used the criticism to drive the fire in his belly. That is my personality. I am intense.

Don't expect me to be bland and level. If you want bland and level go hire the Bee-Gees to make your altcoin.

Yap that is why I wrote to the greater or lesser sage phools, "buy moar!".

I am staying out this argument.

Somehow I feel I'll be dragged into it. I'll step on somebody's toes.

Welcome to Altcoin Roller Ball.

Follow-up:

I understand smooth's feeling. He has worked very hard to try to produce a quality open source, decentralized methodology (i.e. not necessarily the current result) for improving crypto-currency.

In short he and I both believe in meritocracy. And the principles of open source.

I also got frustrated seeing others get so much for so little effort or technological accomplishment. But I also started to remember that nature isn't fair. Nature has its own way of annealing to the fittest result over time. It doesn't always take a straight path.

The difference I think may be the degree of religion. I am not quite yet sure of the difference in our personalities.

Every man is unique.

I am very flexible to aberrations, paradigm shift, and serendipity. I reinvent myself often. Some people thought I was dipolar because I am so apt to take a sudden right turn without warning. It is not dipolar. I just have a very highly elevated level of dopamine.

This is that "we are doing it decentralized" philosophies that is very important to your ethics.

Okay but I just want to remind you that you are the dicktator in chief of the Monero Speculation thread that is bumped every 6 seconds.

Dicktator != decentralized.

Lol. Do you know what it feels like when you have a eureka moment, then share it and have noobtrader and MoneroMoo tell you that you are piece of shit that never accomplished anything and you are delusional meglomaniac and other kinds of other nice words.

And then when I refute ArticMine's Communist defense of Copy-left licenses, smooth protects his community by deleting my posts. I mean I am in the middle of a debate and he censors it. I understand the dilemma he has. But I would never, never had put up with a community like that.

If I end up with a community like that, I will disown them! I'll kick them out on their ass to go join my competitor. Even Linus knows troublemakers are not worth it. You keep the people who can help you succeed. Let your competitor have the riff raff, lol.

Seriously though the altcoin scene is a rollercoaster of male menstruation cycles.

Basically the community I am shooting for are those who are helpful, pleasant, insightful, critical in an amicable way, and of course the big prize is the huge community of 6 billion people. I don't expect to get them all into a forum. I have to reach them with technology. So this forum is kind of irrelevant in a way.

Yes smooth paid me out of his own pocket. I thought I had an agreement with Monero but I guess there isn't really any official "Monero" so it wasn't quite clear who would judge if I deserved any bounty. It was a mess.

And smooth out of the kindness of his own heart, paid me afair 2.5 BTC.

The BCX incident is difficult to explain. I thought I was helping and as smooth says I did find one insight, but in another way I unwittingly perhaps helped BCX short Monero or whatever he did. I am not really even clear what happened.

Any way smooth never bribed me. Smooth knows he doesn't own me. Lol. I flip him middle finger in PMs sometimes (rarely and almost always about the community he is managing). Seriously though, smooth is an ethical person.

Your issue with smooth is not his ethics. The issue is smooth believes in community very much. I just want to point out to smooth that a community of Linux developers is not the same animal as a community of gamblers who are not communing about coding.

Smooth and I would be happy campers in a forum of like-minded programmers talking tech shop.

My guess is Smooth seems to believe in enforcing ethics and creating a community for Monero. I think this is where the boundaries get blurred. It is not that smooth is incorrect in his logic. But there are different perspectives and feelings in play. And different vested interests and all valid from their own right. I think perhaps we just need to admit the altcoin arena is a Wild West that doesnt want a Sheriff.

Any way, he is free to do it his way. Smooth has very little influence over me. He has influence over me in terms of explaining realities in the altcoin scene that I wasn't focused on. But I also work through the logic on my own and eventually perhaps come to a different perspective over time.

Afaik, no. But I think he knows enough to do a reliable fork since he has forked Bitcoin before. But he wants to fork the latest version. I need him because I have not invested the effort to become knowledgeable about the Bitcoin source code. He may be asking me to help though on the Qt wallet modifications. I may also help on the op code changes we need.

I am not close to destroying Bitcoin. Millions of users is still many months or more away from now (and no promises of that of course, just my goal). Baby big steps first. I will explain more soon.

I had many times promised I am not going to launch and endorse my own coin here on Bitcointalk.org. So I will need to explain how I am going to keep that promise.


Yes I could see this also potentially making it easier to get this anonymityprivacy tech adopted into Bitcoin, but yeah maybe that is just dreaming. I think people who control Bitcoin now (China) may not want anonymity.

But also realize this technology is more about privacy. Absolutely anonymity will never exist. Ever. In any design. Period. You can use it to attempt to be anonymous to the NSA but just like Monero and Zcash, you will probably fail but YMMV. You might succeed if you are very careful about your meta data. As for privacy, that should achievable for just about everyone who uses decent anonymity technology such as this one we want to create, Monero, or Zcash. The difference is the scaling and other advantages I mentioned. Lol I was talking my angel investor and he said his computer locked up for 15 minutes because he was syncing only 1 days worth of the Monero block chain on a computer with just a regular HD not a SSD.

So maybe TPTB will embrace this technology. I don't know.

But there are other reasons to want to have this coin, if you are concerned that Bitcoin could just take the anonymity technology and leave this new coin with no USP (unique selling point). I will explain more on this soon.

Privacy that can scale to the masses is IMO more important than delusions of anonymity that can give you absolute guarantee of hiding from the NSA. No design for anonymity can ever give you such an absolute guarantee. Even I can explain to you how Monero can be unmasked by the NSA.

Sometimes I think I wish it was. But I really don't yet know smooth's coding and productivity. Based on our conversations, I assume he is at or above my level of capability in terms of knowledge of programming (but I might be on a different level of creativity that is hard to quantify, I dunno). But I don't have verification. I should study his Aeon commits but I don't have time.

I like smooth. He has been very fair with me and helped me also. He even paid/donated  a few BTC one time to me. It pains me that smooth is the leader for the community that has a few bad apples who have to be so acrimonious. Having said that, I like iCEBREAKER's humor. He is not the problem for me. I feel debt of gratitude or even a real debt to smooth.

I like smooth, but I think he is going about this community and open source thing the wrong way. Crypto-currency is not Linux. I may be wrong. Any way, I am not feuding with smooth. I just wish he wouldn't delete my posts. I don't make many posts in the Monero Speculation thread.  Any way, no he is not my "co-developer".

Smooth may know things about my plans that others don't know. Not because I told him lately, but because I told him a lot last summer, so he may be able to deduce certain things. I trust him to not reveal to anyone for another month or less. Soon all will be public knowledge. And no deal is final yet. So there is a chance I don't proceed.

The anonymity tech will be well explained for layman. I won't release some technobabble without clear explanations that you can explain to your teenage son.

If we proceed with this project, I think we will hold the explanation secret until very near to launch for obvious reasons that we would want first mover advantage.

I'll be composing a long post shortly to address your question about distribution.

Please note nothing has been fully negotiated yet. I am speaking hypothetically about potential deal that hasn't been signed yet. I am also working programming language design today which is another very deep technical topic, so my time is spread all over.


I will say something about this in my next post.

Which we explained upthread can't pass the Nash equilibrium mustard. No decentralization here folks. You might as well just use a server. There is no point nor technology at all here. It is all bullshit for gamblers. Enjoy. Buy more!

Another major advance for programming language design from me!

I am starting to fire on all of my cylinders as I used to do when I was prolific. Damn illness the past 4 years held me back. I am feeling pretty good.

I need to backup this info some where, in case every Rust forum private threads disappear. So I am putting this here so others can read about my design progress.

I can't tell you how old he is. I swore to never tell. Obviously it isn't Vitalik. And it also isn't David Zimbeck, nor Charles Hoskinson, nor anyone from Bitshares.

Give us a month (or two so we can launch) please before spilling all the technological beans.

I don't know how long it will take to launch. S/w development always takes longer than estimated.

Also I am not 100% sure yet if we are proceeding. I am still reviewing all these details.