5 Anonymous Bitcoin Wallets to Protect Your Privacy

NiceHash - buy & sell hashing power

NiceHash offers you to buy or sell hashing power directly, no contracts, no limitations, pay-as-you-go if you're a buyer and be-paid-as-you-go if you're a seller. Why bother renting rigs, when you can rent hashing power? NiceHash brings more to renters and rig owners. Visit https://www.nicehash.com today! Simply create order and you are already mining your favorite coin or point your rig to our stratum server and you are already earning bitcoins.

CoinSolver -- Profit Switching Scrypt Pool w/Nightly Bonus

CoinSovler is a new auto-switching scrypt coin mining pool that pays out directly in BitCoin. We're still in Beta, so suggestions and feedback are most welcome, and we have many features in the works. We intend for it to be dead simple to use, highly profitable and very transparent about the mining information.

Value your privacy? We've explored all options so you won't have to. See our list of top 6 most anonymous Bitcoin wallets.

submitted by S4quence to revain_org [link] [comments]

"Samourai is the most private and anonymous bitcoin wallet " is false.

First thing we see on the network when we open the app:
 DNS 75 Standard query 0xfae0 A blockchain.info 
Samourai Wallet not private, decentralized, or secure. The backend exclusively talks to Blockchain.info's API, uses their websockets for real time notifications, and has no other communication with the Bitcoin network. Here's the function which is used to grab details about addresses in your wallet, which links every single one of them together as owned by one entity.
public JSONObject getAddressInfo(String string2) { try { StringBuilder stringBuilder = new StringBuilder("https://blockchain.info/"); stringBuilder.append("address/"); stringBuilder.append(string2); stringBuilder.append("?format=json"); string2 = new JSONObject(WebUtil.getInstance(null).getURL(stringBuilder.toString())); return string2; } catch (Exception var1_2) { var1_2.printStackTrace(); return null; } } 
The most private wallet in the world is directly revealing your money and your transactions to a member of the Blockchain Alliance, a consortium of Bitcoin companies who have the goal of getting your information to law enforcement before they even think of requesting it.
Did nobody else check this before buying into their story of being crusaders against the tyranny of terrible privacy? The binaries from the play store decompile just fine, you can verify this for yourself.
submitted by poop_wallet_narwhal to Bitcoin [link] [comments]

Genuine Question - Does the facility to generate unlimited receive addresses in most bitcoin wallets make the receiver really anonymous?

Title says it all.
submitted by asoka_maurya to Bitcoin [link] [comments]

Turns out that a self proclaimed "most private and anonymous bitcoin wallet" doesn't live up to the promise.

Turns out that a self proclaimed submitted by butterNcois to Buttcoin [link] [comments]

Genuine Question - Does the facility to generate unlimited receive addresses in most bitcoin wallets make the receiver really anonymous? /r/Bitcoin

Genuine Question - Does the facility to generate unlimited receive addresses in most bitcoin wallets make the receiver really anonymous? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

"Samourai is the most private and anonymous bitcoin wallet " is false. /r/Bitcoin

submitted by BitcoinAllBot to BitcoinAll [link] [comments]

04-03 21:31 - '[LocalBitcoins] and [Mycelium for Android] are the anonymous and instant services that have been around longest/are most reputable. And LocalBitcoins probably more so because it has a wallet with bitcoins from many accounts...' by /u/lernedto removed from /r/Bitcoin within 366-371min

[LocalBitcoins]1 and [Mycelium for Android]2 are the anonymous and instant services that have been around longest/are most reputable. And LocalBitcoins probably more so because it has a wallet with bitcoins from many accounts mixed together so your coins come out already tumbled.
Context Link
Go1dfish undelete link
unreddit undelete link
Author: lernedto
1: lo*a**itcoins.c*m*faq?*h=2oi* 2: myce*ium.co*/*t/**lp.h*ml
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Dark Wallet, New Amazing Updates 2016 - most anonymous/secure wallet. /r/Bitcoin

Dark Wallet, New Amazing Updates 2016 - most anonymous/secure wallet. /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Best Potential Moonshot Hands Down; TRUSTSWAP (SWAP) Full DeFi Suite, Simple P2P Trustless Escrow, and Great Tokenomics!

Trustswap https://www.coingecko.com/en/coins/trustswap
Okay guys I've spent the last two days learning about this token and I've come away very impressed. I think this token may be a serious contender for best performer this year. On the TrustSwap social platforms it feels like 2017. Here's some info about the company.
TrustSwap is a DeFi project created by the founder and CEO of Uptrennd Jeff Kirdeikis. Most notably he has the largest cryptocurrency investing group on Facebook, and he is what Tom was to MySpace but for Uptrennd. He host The Bitcoin and Crypto Podcast which is actually very good, and he has a massive following on Twitteother social. Better yet, this guy is a marketing genius like a less annoying Justin Sun. He has a pipeline of good news lined up and knows when and how to release that information on the masses. Everything he does seems meticulously thought through. He continually affirms his commitment to get SWAP listed on high volume exchanges with MXC yesterday, Hotbit today, and Houbi/Bitmax tomorrow he is actually succeeding. He is also very responsive and has team moderators standing by in the social media channels to field questions/vanquish FUD.
Here are the basics:
TrustSwap is building a DeFi ecosystem that will start out as a simple P2P trustless escrow and payment platform and evolve into a fully decentralized exchange (DEX) with leverage and futures options all offered via non-custodial smart contracts. They will also offer multi-chain token wrapping as a service and on-chain governance using the native ERC-20 token SWAP.
Imagine being able to wrap BTC, Monero, Digibyte, or any crypto and then trade it on uniswap, or have it interact with Ethereum compatible wallets, and applications.
Through this, you can move funds cross-chain without ever having to sign up to a Centralized Exchange, allowing you to never have to KYC, staying fully anonymous across exchanges.
Wrapping tokens also offers huge benefits to new blockchain projects that have their own chain, allowing them to save massively on listing fees, as well as instantly be connected to strong wallets and decentralized exchanges.
This puts the ability to trust back in the investor's hands and might spark a new ICO boom as new projects eager to establish credibility rush to use it. So yes beautiful wrapping everything layer 3 solution my brothren. And highly incentivised holding economics, for example rewarding users from fees collected from the DeFi network! And staking;
All fees paid to the platform will get split as follows:
80% goes back to holders as staking rewards
10% are burned forever (adding that value back to token holders)
10% goes to the dev fund which can be used as the community sees fit
This project has massive potential and is already building a strong community foundation with big moves coming soon as more exchanges and markets come on board. The staking and deflationary tokenomics make this a long term HODL for me.
Token Metrics:
Total Supply: 100,000,000 SWAP
Circulating Supply: 62,500,000 SWAP
Market Cap: $3.6 million
60,000,000 SWAP Initial liquidity offering on uniswap about two and half days ago, price dropped at like $0.035. Volume bottomed out and rising again (same with holder count).
20,000,000 Team Supply
20,000,000 Marketing, development, legal, bounties, OTC investors, airdrops.
Website: www.Trustswap.org
Discord: https://discord.gg/GNUrcK
Telegram: t.me/TrustSwap
Token address; https://etherscan.io/token/0xcc4304a31d09258b0029ea7fe63d032f52e44efe
Uniswap; https://app.uniswap.org/#/swap?inputCurrency=0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2&outputCurrency=0xcc4304a31d09258b0029ea7fe63d032f52e44efe
Extra nugget from Jeff on Discord; "@everyone
SwapLogo SWAP is listing on Hotbit this Monday! SwapLogo https://hotbit.zendesk.com/hc/en-us/articles/360051689713
This is the first step into TrustSwap's emergence in the Asian markets. We are going to be kicking off major marketing campaigns with an Asian marketing firm within the coming week to follow up this listing.
We also have a couple more Top-50 listings lined up for this week as well
When we had a vote to see which exchange you wanted to see SWAP listed on, Huobi was the winner by a massive margin, so we will be opening up the conversation with Huobi to get SWAP listed on there also in the near future."
DYOR!! Godspeed! I'll see you guys on the other side!
To address FUD about OTC investors dumping, yes they are dumping, it's my belief most weak hands have exited the market, they got in at $0.005 per SWAP.
submitted by Rational_Optimist to CryptoMoonShots [link] [comments]

Guide to Monero

So I've seen a lot of posts lately by people who still use Bitcoin (BTC), so I decided to make a beginner's guide to Monero (XMR).
What is XMR? XMR is just like BTC, it is a cryptocurrency. The difference between XMR and BTC is that XMR is a privacy-focused cryptocurrency. With BTC, everybody can see the sender, recipient and the amount send via Blockchain. XMR is different, with XMR, no outsiders can see the sender, recipient and the amount sent. This makes using XMR better for opsec.
How can you obtain XMR? There are multiple ways to obtain XMR: 1. You can buy it via exchanges. 2. You can buy it via localmonero. 3. You can exchange other cryptocurrencies* to XMR.
If you bought BTC (doesn't matter from where), you can exchange it for XMR. I find these 2 ways the easiest: - Use exchanging platforms to convert BTC to XMR. I personally use Morphtoken*** for this process, you simply fill in the amount, the recipient address (you XMR address) and the return/refund address (your BTC address, this is incase you fill in an invalid XMR address or something went wrong during the transaction). However, Morphtoken is restricted in certain countries which brings me to the next method. - You can exchange them via crypto-wallets that support both BTC and XMR. I've heard great things about Exodus Wallet***. It supports both BTC and XMR so you can convert BTC to XMR within the wallet-app.
What wallets should I use? Personally, I recommend and use the GUI Wallet (desktop) and Cake Wallet (phone). They're both linked to same wallet Other wallets are fine, there is a list of trusted wallets on monero.
XMR on TailsOS? Personally I don't think this is necessary as no outsiders can see your activity. However, if you like, you can set up the GUI Wallet on your Tails persistant storage.
Sending XMR... These are some combinations of processes you could do to send XMR to your Market Wallet:
  1. Buying XMR via exchange/localmonero: Exchange/Localmonero Wallet -> GUI/Cake/Other Wallet -> Market Wallet.
  2. Exchanging BTC to XMR via Morphtoken (bought via BTC exchange): BTC Exchange Wallet -using Morphtoken-> GUI/Cake/Other Wallet -> Market Wallet.
  3. Exchanging BTC to XMR via multi-support wallet (bought via BTC exchange): BTC Exchange Wallet -> Exodus/multi-support Wallet -> Market Wallet.
Most exchanges don't sell XMR directly, which brings me to the next point (see point 3). *For this guide I'll be using BTC as bought crypto ***I am in no way affiliated with these organisations, they are just platforms I heard about or used. You are free to use other platforms. ALWAYS CHECK IF THE USED PLATFORM/WALLET IS LEGIT.
submitted by 1nval1d_Us3rnam3 to darknet [link] [comments]

RIP HAL FINNEY "His last post on a BTC Forum"

I thought I'd write about the last four years, an eventful time for Bitcoin and me.
For those who don't know me, I'm Hal Finney. I got my start in crypto working on an early version of PGP, working closely with Phil Zimmermann. When Phil decided to start PGP Corporation, I was one of the first hires. I would work on PGP until my retirement. At the same time, I got involved with the Cypherpunks. I ran the first cryptographically based anonymous remailer, among other activities.
Fast forward to late 2008 and the announcement of Bitcoin. I've noticed that cryptographic graybeards (I was in my mid 50's) tend to get cynical. I was more idealistic; I have always loved crypto, the mystery and the paradox of it.
When Satoshi announced Bitcoin on the cryptography mailing list, he got a skeptical reception at best. Cryptographers have seen too many grand schemes by clueless noobs. They tend to have a knee jerk reaction.
I was more positive. I had long been interested in cryptographic payment schemes. Plus I was lucky enough to meet and extensively correspond with both Wei Dai and Nick Szabo, generally acknowledged to have created ideas that would be realized with Bitcoin. I had made an attempt to create my own proof of work based currency, called RPOW. So I found Bitcoin facinating.
When Satoshi announced the first release of the software, I grabbed it right away. I think I was the first person besides Satoshi to run bitcoin. I mined block 70-something, and I was the recipient of the first bitcoin transaction, when Satoshi sent ten coins to me as a test. I carried on an email conversation with Satoshi over the next few days, mostly me reporting bugs and him fixing them.
Today, Satoshi's true identity has become a mystery. But at the time, I thought I was dealing with a young man of Japanese ancestry who was very smart and sincere. I've had the good fortune to know many brilliant people over the course of my life, so I recognize the signs.
After a few days, bitcoin was running pretty stably, so I left it running. Those were the days when difficulty was 1, and you could find blocks with a CPU, not even a GPU. I mined several blocks over the next days. But I turned it off because it made my computer run hot, and the fan noise bothered me. In retrospect, I wish I had kept it up longer, but on the other hand I was extraordinarily lucky to be there at the beginning. It's one of those glass half full half empty things.
The next I heard of Bitcoin was late 2010, when I was surprised to find that it was not only still going, bitcoins actually had monetary value. I dusted off my old wallet, and was relieved to discover that my bitcoins were still there. As the price climbed up to real money, I transferred the coins into an offline wallet, where hopefully they'll be worth something to my heirs.
Speaking of heirs, I got a surprise in 2009, when I was suddenly diagnosed with a fatal disease. I was in the best shape of my life at the start of that year, I'd lost a lot of weight and taken up distance running. I'd run several half marathons, and I was starting to train for a full marathon. I worked my way up to 20+ mile runs, and I thought I was all set. That's when everything went wrong.
My body began to fail. I slurred my speech, lost strength in my hands, and my legs were slow to recover. In August, 2009, I was given the diagnosis of ALS, also called Lou Gehrig's disease, after the famous baseball player who got it.
ALS is a disease that kills moter neurons, which carry signals from the brain to the muscles. It causes first weakness, then gradually increasing paralysis. It is usually fatal in 2 to 5 years. My symptoms were mild at first and I continued to work, but fatigue and voice problems forced me to retire in early 2011. Since then the disease has continued its inexorable progression.
Today, I am essentially paralyzed. I am fed through a tube, and my breathing is assisted through another tube. I operate the computer using a commercial eyetracker system. It also has a speech synthesizer, so this is my voice now. I spend all day in my power wheelchair. I worked up an interface using an arduino so that I can adjust my wheelchair's position using my eyes.
It has been an adjustment, but my life is not too bad. I can still read, listen to music, and watch TV and movies. I recently discovered that I can even write code. It's very slow, probably 50 times slower than I was before. But I still love programming and it gives me goals. Currently I'm working on something Mike Hearn suggested, using the security features of modern processors, designed to support "Trusted Computing", to harden Bitcoin wallets. It's almost ready to release. I just have to do the documentation.
And of course the price gyrations of bitcoins are entertaining to me. I have skin in the game. But I came by my bitcoins through luck, with little credit to me. I lived through the crash of 2011. So I've seen it before. Easy come, easy go.
That's my story. I'm pretty lucky overall. Even with the ALS, my life is very satisfying. But my life expectancy is limited. Those discussions about inheriting your bitcoins are of more than academic interest. My bitcoins are stored in our safe deposit box, and my son and daughter are tech savvy. I think they're safe enough. I'm comfortable with my legacy.
submitted by Cxesar to Bitcoin [link] [comments]

How do I safely receive money from strangers online?

Ok so this might be a stupid question but, say i want to get money from strangers but don't want to link my own credit card or bank account right now. Is there a secure way i can receive payments online and store that until I choose to withdraw the money? I thought about bitcoin wallets and i've heard they're pretty safe but then again bitcoin's price fluctuates so much I don't want to end up losing most of it in value. Thanks in advance...

P.S: It's important for me to remain anonymous in this case
submitted by PressPlay12 to NoStupidQuestions [link] [comments]

Three suggestions for better boundaries between Monero and Tari

I write this as a multi-year Monero contributor to the subreddit, the CCS, and minor commits to both the CLI and GUI. However, my Reddit account is newish since I regularly delete my Reddit account every six months or so out of privacy concerns, so let my words in this post act as proof of my grasp of Monero and our community's values.
I have been increasingly confused by how intermingled the goals of Monero have become with Tari. Naturally, I could care less if someone wants to merge-mine with Monero. But last week we had dEBRUYNE, longtime excellent mod of this subreddit, break the subreddit's own rules to announce Tari's testnet. So naturally it feels like the Monero community is being invited to align itself with Tari, both alongside Tari's development and its eventual goals. Yet I don't feel like the Monero community is fully aware of how this conflation has the potential to degrade the purity of our community, so that's why I am writing this post today.
On the one hand you have Monero, perhaps the only pure cryptocurrency project left in the entire space. Bitcoin development has declined to a crawl. Yes, regular commits to its code happen all the time, but fundamentally they have become a traceable surveillance coin, and make no major efforts to change this. Greg Maxwell's Confidential Transactions are just sitting there on the shelf, waiting to be implemented. It's sad, really.
Thankfully, there is us. There is Monero. We have all of the benefits of Bitcoin in that we were fairly launched (no premine, founder's share, etc), are decentralized, PoW, and open source. Further our culture reflects the culture of Bitcoin's origins. There is no price talk in Monero. No memes. (Bitcoin's subreddit is overwhelmed with price memes, a harbinger of a dying coin.) Indeed, Monero's community is first passionate about the technology inside it. Some of the most upvoted posts in this sub are actual gd pull requests. So wonderful. I think back to how painfully long it took us to complete the GUI. So many of us were so focused on getting the CLI right that the GUI was delayed for (I think) almost two years.
There are precious few coins like that these days. Namecoin is a wonderful exception. Jeremy Rand's recent presentation on how Namecoin has been implented in the Tor-browser is perhaps the most exciting news in cryptoland all year. Unlike 95% of the burning crypto dumpster fire, people may soon actually use Namecoin, typing something like Monero.bit instead of a long difficult aasldkfasdlkfjadlkfj.onion address.
And then you have everybody else. 95% of the crypto garbage out there is fundamentally useless if not a straight up scam. Most of the stuff falls into 2 different camps of crap: (Crap 1) useless slick coins with massive marketing budgets, and (Crap 2) reskinned forks. 95% of the garbage out there cares first and foremost about how it appears on the surface, because: the first goal for most cryptos is not making something useful, it's making money. You can have a coin like Dash that "innovates" a PoW by stringing a bunch of hash functions together to make it's X11 algo, but since the wallet software itself impresses people, they don't care. Who cares if there is fundamental collision potential in X11 that could break the coin in a single block? Everything looks sliiick.
In short, you can tell if a cryptocurrency is healthy or not if its first goal is making money or making something useful.
Thankfully Tari does not seem to be as bad as 95% of the stuff out there. A cursory glance at their repo makes it seem like Fluffypony found talented devs who know their stuff. Further, I think the idea of merge-mining alongside Monero is quite smart. I am a huge fan of Tevador and hyc and the work they did on RandomX, so anything that champions their creation is welcome to me! My hope is we have dozens of merge-mined RandomX coins in the coming decades. Our hash rate will only increase, and the security of our chain will improve. Furthermore, I think Fluffypony himself is a guy with a lot of integrity, so I actually feel a degree of trust towards Tari that I wouldn't naturally feel.
The issue is Tari's goals. I say this dispassionately: I am uncertain if Tari's central goal is to make something useful or to make money. Here's an article in Blockchain News announcing Tari. In it, they describe what Tari's software will hopefully do:
in our digital world, these restrictions are unduly limiting for both businesses and consumers, making it costly, difficult, or impossible for digital assets to be resold or transferred,” the announcement stated. “For businesses, this means missing out on the tens of billions of dollars generated each year from secondary resale and trading of the digital goods they issue. For consumers, this means never having true ownership of their digital assets, despite having earned or paid for them.”
Sounds ok. Who wouldn't want the ability to trade scarce digital assets with programmed rules? I certainly would. However, farther down the page you have this:
... those involved with the project include John Pleasants, the former CEO of Ticketmaster and the venture firms Redpoint, Trinity Ventures, Canaan Partners, Slow Ventures, Aspect Ventures, DRW Ventures, Blockchain Capital, Pantera, and Multicoin Capital.
Here is where things get a little hairy, and why I am nervous about the pump-culture of crypto leaking into the tech-culture of Monero. Redpoint is a backer of the scammy gambling website Draft Kings. Blockchain Capital is a backer of Coinbase and Ripple. Pantera put up some of the cash that made ZCash happen. I don't know about you, but it makes me squirm a bit to see Tari's logo alongside ZCash and Ripple.
Naturally, the terms of their VC investments are somewhere in black and white, yet there is nothing anywhere on the Tari website about the emission schedule of the coin. In fact, unlike most VC backed crypto out there, Tari doesn't even list their investors. They used to list it in their FAQ as seen on archive.org, but have since removed it.
Monero is one of the most hopeful things in the world right now, and it has this special status for me because it cares first and foremost about the technology it is innovating. Decentralized private open-sourced cash. It's an incredible wonderful future that we're all making together. Nothing like Monero has ever existed. But it is more fragile than people realize. It can be slowly killed. This community can eventually become like Bitcoin, stuck in price-memes, if the culture gets sucked away from technology and into profit making.
Is it possible for Tari to accept VC money and be solely focused on the technology of a product? Theoretically, yes. But it's not easy. I've had to work with a few small Silicon Valley companies who also accepted VC cash, and returns to their shareholders were a constant source of pressure on them. Will it be for Tari? Monero needed many years to be awkward and small in order to strengthen itself to be the sizable functional coin it is today. Does Tari have this same patience, or will the VCs need payouts sooner than that? If Fluffypony's main goal in Tari is to help people trade digital assets then why didn't he simply launch Tari like Monero, free and open source (FOSS)? Namecoin is FOSS and merge-mined; it has no VC backers.
As a worst-case scenario, how long will it be before Tari is "given back to the community", as so many VC-inspired coins have done? Dead code repos all over the corners of cryptoland, discarded after the venture capital firms dumped their premine and took off. There are a lot of unanswered questions here.
In closing, I have three suggestions:
  1. Fluffypony should publish the emission schedule as soon as he can, so Tari’s fans can know if there is a premine/founders-share/etc. And perhaps be transparent about how their venture capital investors are being compensated.
  2. People here should think critically before they get involved Tari. It has a different ethos than Monero.
  3. Despite the Fluffypony connection, Rule #4 should be enforced, disallowing posts promoting merge-mined coins like Tari from this forum. If Tari is allowed in this forum, we need our moderators to be honest about whether or not they are investors in Tari and have a conflict of interest. That said, most mods are anonymous, so it's actually impossible to enforce this disclosure. So I guess just enforce Rule #4.
submitted by KierkegaardsGhost to Monero [link] [comments]

After 3.5years ive found my 100x Chimera $cmra The real $ghost

Market cap circa 100k
High risk play
What is Chimera?
Chimera is an ERC-20 token (Ethereum) that aims to remove the transparency seen in typical Ethereum tokens. The pros and cons for transparency vary from person to person, with some people preferring an asset such as Monero over something like Bitcoin. Chimera is essentially Ethereum's solution to creating an anonymous service on Ethereum's blockchain. Thus, Chimera can be thought of a "private version of Ethereum" - Chimera holds all the capabilities as Ethereum with reduced transparency. Since the development team plans to have Chimera be used as a payment method, it can be seen as a currency.
Why buy Chimera?
Anyone who is interested in escaping the transparency of the blockchain would benefit from Chimera's technology. Whether you are looking to hide large amounts of funds or to simply stay anonymous, using Chimera's services leaves no paper trails, thus giving benefit to those seeking sanction from taxing authorities (although our team does not endorse this). Chimera tokens can also be used as a form of payment towards services our team will offer in the future.
What will Chimera offer to holders?
Chimera holders benefit by not being listed under the token contract address when searched on current block explorers. The transactions themselves can only be viewed in raw hexadecimal form and need to be sought out and converted to get the values of transaction functions. This information (commonly displayed for ERC-20 tokens) has been hidden by our token, preventing services such as WhaleWatcher.io from being able to scan the blockchain for large transactions and thus prevents them from posting the information on social media sites. For large coin holders, whale watching services can be trouble. Chimera and its services aim to surpass this hurdle.
What incentives does Chimera give?
Chimera can be viewed as a private form of Ethereum. It contains all the core functionalities of the Ethereum token and removes the associated transparency. Using Chimera as a currency provides incentives such as secure and anonymous transfers, a store of value over time, and early access to the products and services the Chimera team will be offering.
How is this different than any other ERC-20 token?
Chimera differs from most ERC-20 tokens in the sense that the token contract will not display the holders or quantities. This means that making a script/tool to collect the information of token holders is much harder to achieve than regular ERC-20 tokens. When Chimera is sent through the Scrambler service, it creates a chain of transactions effectively making the time complexity of a script of software exponential rather than linear. The only "easy to see" transactions are from the initial contract creation, minting, and burning.
But wait - can't we still technically see transactions if we look hard enough?
While block explorers such as Etherscan typically have trouble displaying the "To" address and amount with our token, it is not completely impossible to trace transactions. While users take part in Chimera's Scrambler, the difficulty of tracing the recipients grows exponentially. As more "middle wallets" are added, the complexity becomes even stronger.
What's in store for the future?
As of now, the Chimera team has their first main net service working at https://chimera.exchange/scrambler. This service allows you to further conceal a transfer of funds. Future projects include a crypto-based subscription website for content and media creators. Customers will be able to pay in Chimera as well as other major crypto assets to unlock media hosted by a creator, essentially creating the most anonymous subscription space to host your photos and videos. Make sure to check out our News webpage and Twitter for updates!
Uniswap v1 https://v1.uniswap.exchange/swap
Contract: 0x37737ad7e32ed440c312910cfc4a2e4d52867caf
100m total supply. Circ supply is 4.5m
Useful links
Newly incorporated and are now Chimera Digital, Inc based out of Ontario, Canada. See official documentation:
Primary focus right now is to finish the last of the security tests for the wallet scramblemixer (now being called Scram!) and a major website redesign. Once they are up and running, they will aggressively apply to dexes to gain as much organic notoriety and liquidity as possible without having to take on any large investors.
Whitepaper is being fully reworked atm.
LinkedIn profiles for some of team: Lead Developer Alex can be found here: https://www.linkedin.com/in/alex-schwarz-94248269/ and here: https://www.linkedin.com/in/christina-tarpley-b1baa792/
If you look at etherscan you will see the tech working. It will show no transfers. However compare this with uniswap transactions and you will see the real movement.
Nice tweet by a good team:
Federal Corporation Information - 1207567-9 - Online Filing Centre - Corporations Canada - Corporations - Innovation, Science and Economic Development Canada https://www.ic.gc.ca/app/sccc/CorporationsCanada/fdrlCrpDtls.html?corpId=12075679&V_TOKEN=1591294452581&crpNm=&crpNmbr=1207567-9&bsNmbr=
Key points to note:
  1. Mixer tech on ether network.
  2. Etherscan can not track real movements due to this. Uniswap info will show transactions though.
  3. Team is only a few months old
  4. Whitepaper is being redesigned.
  5. Website is being redesigned
  6. 100k market cap should be looked at as an idea and researched further with their team
  7. Incorporation documents above are legitimate.
submitted by therealfacemelter to CryptoMoonShots [link] [comments]

ColossusXT Q2 2020 AMA Ends!

Thank you for being a part of the ColossusXT Q2 2020 AMA! Below we will summarize the questions and answers. The team responded to 46 questions! If your question was not included, it may have been answered in a previous question or AMA. The ColossusXT team will do a Reddit AMA at the end of every quarter.
The winner of the AMA contest is: ookhimself
Congratulations. I will send you a DM on Reddit.
Q: Why does your blockchain exist and what makes it unique?
A: ColossusXT exists to provide an energy-efficient method of supercomputing. ColossusXT is unique in many ways. Some coins have 1 layer of privacy. ColossusXT and the Colossus Grid will utilize 2 layers of privacy through Obfuscation Zerocoin Protocol, and I2P and these will protect users of the Colossus Grid as they utilize the grid resources. There are also Masternodes and Proof of Stake which both can contribute to reducing 51% attacks, along with instant transactions and zero-fee transactions. This protection is paramount as ColossusXT evolves into the Colossus Grid. Grid Computing will have a pivotal role throughout the world, and what this means is that users will begin to experience the Internet as a seamless computational universe. Software applications, databases, sensors, video, and audio streams-all will be reborn as services that live in cyberspace, assembling, and reassembling themselves on the fly to meet the tasks at hand. Once plugged into the grid, a desktop machine will draw computational horsepower from all the other computers on the grid.
Q: What is the Colossus Grid?
A: ColossusXT is an anonymous blockchain through obfuscation, along with utilization of I2P (Armis). These features will protect end-user privacy as ColossusXT evolves into the Colossus Grid. The Colossus Grid will connect devices in a peer-to-peer network enabling users and applications to rent the cycles and storage of other users’ machines. This marketplace of computing power and storage will exclusively run on COLX currency. These resources will be used to complete tasks requiring any amount of computation time and capacity, or allow end-users to store data anonymously across the COLX decentralized network. Today, such resources are supplied by entities such as centralized cloud providers which are constrained by closed networks, proprietary payment systems, and hard-coded provisioning operations. Any user ranging from a single PC owner to a large data center can share resources through Colossus Grid and get paid in COLX for their contributions. Renters of computing power or storage space, on the other hand, may do so at low prices compared to the usual market prices because they are only using resources that already exist.
Q: Is there any estimated date for the grid? What will set you apart from the opposition?
A: We are hoping to have something released for the community in Q4 this year. The difference between other competitors is that ColossusXT is putting consumer privacy first and we’re actively in the process of working with federal and state agencies in the United States.
Q: How do you plan to get people to implement the technology? At your current rate of development, when do you foresee a minimum viable product being available?
A: We have been strategically networking with businesses, and we are currently undergoing the verification process in the United States to make bids on federal and state projects. We are working on an MVP and our goal is to have at least a portion of the Colossus Grid ready by Q4 2020.
Q: When we can expect any use-case for COLX? A company or service that uses COLX for its activities/tasks.
A: We’re aiming for Q4 of this year to have an MVP, throughout 2021 we will be strategically making bids on federal and state contracts in the United States with a goal to expand operations exponentially.
Q: Are there any plans to be listed on the more prominent exchanges e.g binance, kraken?
A: Yes, we have applied to some of these exchanges that are considered Tier 1 or Tier 2 exchanges. Many of them upfront will tell you there are no fees associated with the listing, that is not entirely true most of the time. Regardless, have applied and are awaiting more responses as we move forward. Listing on these exchanges often requires that we cannot announce this information until ColossusXT is live on its platform.
Q: Partnerships are the norm these days in crypto world. Which partnership would you consider feasible, if any, in order to grow the Colossus Grid project?
A: The Colossus Grid is a huge undertaking both in development and business partnerships. We are moving in both these directions strategically. One of the most important partnerships is not really a partnership but approval to bid on state and federal contracts. Working with the governments around the world will be a big part of the Colossus Grid use-case.
Q: If the ability to annonymise coins is turned off, can CLX still be marketed as a privacy coin? Do we have a date we can start using this feature again?
A: Yes and No. It’s frustrating right now having a lack of privacy for consumers as we don’t see privacy as a feature but a right. EVERY platform online should have some levels of privacy for their consumers, especially as technology continues to evolve and bad actors continue to use your personal information for their own nefarious purposes. Obfuscation will be implemented in the coming weeks, and Armis will follow suit shortly thereafter.
Q: When can we expect the grid to come out?
A: We are looking at releasing an MVP towards the end of the year. Stay tuned during Q3 and Q4 as we ramp on technical and business developments.
Q: Can you tell the current budget for development work?
A: Much of the development work budget comes from Core team member's disposable income, we also use the self-funding treasury that Masternode owners vote on each month.
Q: Will cold staking be implemented somedays? I like the model of Cardano. Hope you will implement kind of Cardano staking in our wallet. I would love the easiness.
A: ColossusXT staking has been enabled since 2017. We have calculators on the website that will estimate your average staking returns and you can join numerous pools to increase your staking power within the pools. Cold staking is on our radar and will make it into the roadmap when our budget allows us.
Q: Which part of grid technology are you planning first to go live? Storage/RAM/CPU/GPU/all at once? Separately?
A: We will be rolling the Colossus Grid out in two phases. The first phase will be storage, and then we will roll out computing power (RAM/CPU/GPU).
Q: Is Armis I2P technology in development testphase I mean, I have read something like that… If Armis goes live, will there be some kind of option in deskopt wallet to transfer anonymous or will every transaction be fully anonymous like e.g. monero?
A: We recently had a testing phase with the community earlier this year, there will be another test phase with community participants who sign up. If you’re interested in this stay tuned on our socials and apply when the next testing phase happens All transactions will be fully anonymous behind Armis.
Q: What programming languate is being used for developing COLX? How well this programming language do you think is more suitable for developing crypto, in comparison with other programing languages?
A: C++ is what we’re using at ColossusXT. Each crypto project is different but with what we're developing at ColossusXT. We are best suited to utilize C++.
Q: What is the second biggest milestone other than launching the grid network for the team. What do you think of your competition like Golem network?
A: Armis will be a big milestone, and I don’t think we go back to our Polis partnership which allows users in Europe and Mexico (they do plan to expand to the US and other countries) the ability to spend their ColossusXT (COLX) wherever Mastercard is accepted. I don’t think the Golem network is taking consumer privacy far enough, in the blockchain industry I also see a lack of drive to push adoption within the United States. This is likely due to unclear regulations right now. ColossusXT is at the forefront of these issues and we intend to lead blockchain through these somewhat murky waters.
Q: I don’t have a lot of knowledge about crypto-technology… but are there any risks of sensitive data-hijacks through Colx infrastructure? Will the Colx-grid be available for individuals or only larger corporations, and how would one get access to the computing power?
A: There are always risks with technology. We are doing extensive testing and more testing prior to releasing anything. Consumer privacy is apart of the foundation of what we’re building at ColossusXT and we want to ensure any and all of your personal information is secure and private. As technology evolves, we will be right here evolving with it to ensure that consumer privacy protections are always in place.
The Colossus Grid will be available to anyone with a computer. You will access it through the desktop wallet.
Q: Do you have any new exchange listings planned in the near future?
A: Yes, but unfortunately with these things, every day it’s not something we can often say before the exchange makes their own announcements. If you have certain exchanges that you prefer, do not be shy and tag us on Twitter letting us and the exchange know. You can also reach us everyday at all hours of the day and night on Discord and Telegram.
Q: Given that Colx had no ICO, are we able to ramp development efforts in case we have potential partnership deal on the table?
A: It really depends. We strategically spend every dime we spend on development. We do not like even a single penny to be waisted, so we don’t move as fast as the projects that raised millions of dollars, but we continue moving none the less. Ramping up our development is something we are working on by securing additional funding and we’re currently working on securing funding. 😊
Q: How is the project development advancing? What are your plans for the next 5 years and what more can we expect from ColossusXT?
A: Our development is continuing on at a steady pace, we’re looking to ramp this up over the next year as the Colossus Grid will take much of our time but we’re excited. Over the next 5 years, you can expect the Colossus Grid to be live in all forms (storage and computing power), Armis will be released and we will share many technical details on how this consumer privacy protection rivals some of the other privacy protections in the blockchain industry. We expect to be verified and approved to work with the agencies in the United States long before then as well and will be aggressively pursuing federal contracts to utilize the computing power of the Colossus Grid. In 5 years, we plan to be a key player not just in the blockchain industry, but throughout the world. If you do not know ColossusXT now, expect to in 5 years or less.
Q: Users often care less about technology, but rather the value of the token. How do you manage to strike a balance between developing the technology and also improving the value of COLX? There are so many privacy coins now, all of them claiming to have better features that ColossusXT. Moving forward, what do the next 10 years look like for ColossusXT in navigating the wave of privacy projects coming. How can ColossusXT continue to shine in the midst of seemingly legit projects that have come to challenge ColossusXT like mimblewimble projects and Monero, Zcoin, ect.?

A: The Colossus Grid and Masternodes will have a strong relationship with each other. When the Colossus Grid goes live we expect the masternode demand to continue to rise. Masternodes are a great incentive mechanism to increase network strength and will play an important role within the Colossus Grid. The more masternodes online, the less available coins in the circulating supply; which we expect will eventually reflect ColossusXT (COLX) coin value.
Over the next 10 years, ColossusXT (COLX) will solidify itself as a key player in the blockchain industry, and outside the blockchain industry. Following our strategic business plans, we intend to be one of the first, if not the first to truly bring government and other businesses into the blockchain industry through the Colossus Grid. Armis will be our defining privacy feature, which we expect in time will begin to be adopted by other projects. --------------------------------------------------------------------------------------------------------------------------------------------------
Q: How have the number of Masternodes (MNs) increased/decreased over time/in the past few years? What proportion (%) of MNs actively take part in Governance? How do you see the number of MNs increasing/decreasing in the next couple of years? Is there a trend upwards or downwards?
Is there a specific number (or range) of MNs the team would like to attain ideally? Is it better to have as many MNs as possible or is there a point at which too many MNs start to have an adverse effect on the performance of the blockchain?
Hope this wasn’t too many questions in one :), Ahmed

A: The number of masternodes in the active network is more or less the same, fluctuating around 200-220. About 40% - 50% of masternodes participate actively in governance (see https://governance.colossusxt.io). We expect a number of masternodes to grow as they will have additional benefits with Colossus Grid (see business plan: http://bit.ly/COLXBPLive).
As the team had no premines, only the dev fund can be used for masternodes which is hard to maintain due to actual budget flow. It’s better to have as many masternodes as possible for the network, there is no adverse effect.
Q: Of all the milestones that $COLX has achieved since your humble beginnings, which do you consider to be the best of it all? What achievements do you feel proud most?
A: It’s often not mentioned but I’m very proud of our partnership with PolisPay, which allows ColossusXT community members to purchase Amazon, Spotify, and other gift cards with ColossusXT (COLX) through the Polis platform. You are also able to spend your COLX anywhere Mastercard is accepted, the card is available only for EU citizens right now and the Polis team hopes to bring in other countries in the future.
Q: There are problems that can slow down the course of a project such as the emergence of globalization, given the tighter budget, shorter implementation time requirements. My question is, How does $COLX resolve the issue?

A: Given the current situations around the world the Colossus Grid has more value than it ever has, and that value will continue to grow once we have released the Colossus Grid for consumers to share and utilize resources. You can already see from the [email protected] initiative that people are eager to share their computing resources to help researchers simulate different COVID19 simulations. We’ve always worked on a very small budget at ColossusXT starting with 0$ in funding and no pre-mine or ICO/IEO. This project was built for the community by the community, and as of lately we’ve actually been ramping up our business strategies and developments. Since we have all already worked remotely before the COVID19 pandemic, it interestingly allowed us more time to focus and achieve these goals as our day jobs allowed us to spend more time on ColossusXT.
Q: How will you fight with regulators who are trying to stop privacy coins?

A: We have an amazing legal team at ColossusXT, and they are on top of any new law or regulation that comes out. We’re not afraid of regulators and our legal team makes sure that everything we do for ColossusXT is law-abiding. It's time the world stops looking at privacy as a feature and as a right, especially when you read about different applications and platforms using your personal DATA for their benefit. ColossusXT will continue to push this, and we're prepared to lobby this to lawmakers. --------------------------------------------------------------------------------------------------------------------------------------------------
Q: What type of utilities can $COLX give to users over its competitors like GOLM (computation) or STORJ (Data)?

A: The Colossus Grid has some major differences between Golem and Storj. One we’re a privacy-focused project. If you take a look at many of these applications and platforms today, in some way or another you’re giving up personal information, and/or geographic information. ColossusXT is focused on protecting consumer information, we do not look at privacy as a feature, we see privacy as a right, especially in the tech world today.
The second part of this question is that we’re currently in the verification process of registering with the United States federal and state governments so that we can legally bid on federal and state projects and work with different agencies. This will ensure that as the community members are sharing their idle resources, large corporations and businesses are using it. I’m not aware of the mentioned projects being registered in the United States or taking steps to work with the United States government.
Q: How will computing power and storage sharing look like, for an average user (marketplace, program download)? What are you currently working on, when can we expect MVP? TY
A: The marketplace and Colossus Grid will be inside the ColossusXT desktop wallet that you currently have now. The UI/UX will change some to allow the additional settings and tabs that will become available and we’re preparing an MVP right now and we hope to share those details with you over the next few months, ask us again in the Q3 AMA if you haven’t seen anything yet :)
Q: What would you say is the $COLX killer feature that sets it apart from the rest of the competition.
A: We believe that Armis is our killer feature. We recently had a beta this year with the community and will be moving forward later this year with Armis. ColossusXT consumers will have their geographic location and IP fully hidden behind the Armis layer for further security and anonymity for the transactions which will also take place in the Colossus Grid resource marketplace in the future.
Q: I have been a silent follower of $COLX and I must say that I'm truly impressed with how the team has been diligently working on the project. It'd be nice to have the community be part of something like a bounty or a social awareness contest. As this will not only attract more users to the platform but would also strengthen the bond within the community. When can we possibly expect a community project of this level? #spreadthegrid
A: We currently have a Gleam competition ongoing for social awareness, and we just hired a community manager to spread more community awareness and will be rolling on competitions more regularly. Every quarter we have an AMA on Reddit for the community to ask questions, or just gripe at us, and one person each quarter is awarded 100,000 COLX for participating in the AMA. As we deliver our targets and grow, we will shift more funds from development funds to marketing funds to raise further awareness.
Q: "Our main competitor is crypto adoption. We are all here to make it happen together.", this is quoted from a founder of a known crypto wallet. Do you see competition as something that strengthens the project as a whole or as a possible distraction due to pressure to be at the top of the crypto ecosystem?

A: This is a two scenario situation. Competition is good for ColossusXT, and we look at our main competitor in blockchain as Golem (GNT), having said that though too much competition or sometimes maximalist behavior isn’t good for crypto, many of these projects should be coming together to lobby lawmakers for laws and regulations that are good for the blockchain industry, as this is still an emerging market and the laws and regulations aren’t exactly in place at this time.
Q: "For people to believe in crypto, they need to understand the tangible benefits it offers to our society.", a remark made by a crypto project in the past. What exactly would be $COLX real life global benefits? And how do you plan on achieving this?
A: ColossusXT vision will be achievable when the Colossus Grid is released. We are currently in the process of registering with state and federal agencies in the United States, once we are registered to work with these agencies we will pursue contracts with the government, cybersecurity firms and colleges all around the United States, and the world to utilize the resources on the Colossus Grid. We’ve already started building business relationships for this very purpose.
Q: According to you how much time will it take for $COLX to get into mainstream adoption and execute all the plans set for this project?
A: It’s almost impossible to set a timeline on when the world/people will begin to adopt ColossusXT (COLX) and the Colossus Grid. We don’t believe that adoption for ColossusXT will happen before the Colossus Grid is live, and if I gave you an exact timeline for when or how long it will take you for the Colossus Grid to be adopted I would be lying to you, but we are already forming business relationships and making strategic moves to be able to bid, and work with state and federal agencies in the United States.
Q: Does Tokens.net plan any kind of staking ($COLX or other coins)?
A: We will reach out to the tokens.net team and see if they have any plans to allow staking.
Q: How will you try to boost adoption of #COLX, how do you think you will motivate programmers to join opensource project?
A: The Colossus Grid will be available for anyone to use, or share their idle resources for other consumers to use. We will be focusing on providing these resources to state and federal governments, cybersecurity firms, and researchers all across the world. Certainly, we expect some community members to use these resources to mine different PoW cryptocurrencies, but the team at ColossusXT will be focused on bringing in large colleges and universities as well as big cybersecurity businesses that may need supercomputing power at 1/10th of the current prices. Our programmers are our only paid team members, and we pay them at a competitive rate. We’re looking to bring in some more programmers later this year.
Q: Do you have any special development funds for programmers?
A: Sometimes we pay our programmers out of our own pocket, sometimes we pay them in ColossusXT. It really depends on what kind of agreements have been made. We have been aggressively pursuing different funding opportunities throughout 2020 so that we can expand our development team and in the future, we may have incentives to drive programmers into joining our team. Right now we just stick to a competitive pay scale within the industry.
Q: Why Android Wallet Revision hasn't been done? Any problems?
A: The Android wallet revision took some time to be approved in the Google Playstore, but it has been released and live since June 15, 2020.
Q: Whats the second biggest milestone other than the grid network for COLX team?
A: Armis is likely to be considered our second biggest milestone this year, although as I mentioned above this can easily be overshadowed by our Polis partnership which allows you to spend ColossusXT (COLX) anywhere Mastercard is accepted. Although the epay debit card ownership is currently restricted to certain countries (EU zone only), these restrictions will lift in time.
Q: How is COLX team going to contribute to crypto adoption, other than building a robust network?
A: We’re already in the process of verification to work with state and federal agencies. Adoption for blockchain projects isn’t going to move fast. I read a report just a few days ago about how scammers in the crypto industry stole over 2 million dollars worth of crypto just from the “Elon Musk” impersonations on Twitter.
We will continue to build our network, and seek out state and federal agencies as well as private cybersecurity firms that can utilize the Colossus Grid, we’re not just focused on making noise on social media, we intend to make noise throughout the entire world.
Q: Are their industry partners to COLX that are awaiting your network to go live?