Stealth Transactions - Any ETA?

Started by questionsquestions, July 05, 2016, 03:17:00 PM

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kenCode

Quote from: karnal on July 13, 2016, 04:26:23 PM
Any updates?
Chris4210 is almost ready to launch the next fundraiser so that we can get it done ASAP.
kenCode@Agorise
Matrix/Keybase/Blurt/Hive: @Agorise
Session: 0525c95e7f37dca6e29ac84fe7030f0bc5f8bcd564207f03c893e47d2a381a2337

karnal


-banano-

The biggest value add to BTS since Graphene itself!

xeroc

Quote from: questionsquestions on July 07, 2016, 11:54:56 AM
Certainly reassuring. By making Bitshares more palatable, more investment is likely to flow into it, increasing the value of BTS and indirectly repaying the STEALTH transactional costs. Even 1/10th of Ethereum adoption - which doesn't have working pegged smartcoins as far as I know or such a high theoretical transaction count (tMAX)  - would yield huge rewards.

Back on the topic at hand - how much of this documentation actually works/applies: https://bitshares.org/doxygen/group__stealth.html ?  I know some STEALTH transactional features were implemented by Cryptonomics but it is unwieldy and/or incomplete. Is there a need to wait for updated documentation regarding STEALTH transactions before it can be considered production ready and implementable in third party wallets/clients?
Confidential transactions (STEALTH) are working on the blockchain-level:
Tutorial: http://docs.bitshares.eu/bitshares/tutorials/confidential-transactions.html

It's just a matter of building a GUI for it ..

//correct: It's actually just a matter of fine tuning and hosting the GUI which has already been written by CNX

questionsquestions

Certainly reassuring. By making Bitshares more palatable, more investment is likely to flow into it, increasing the value of BTS and indirectly repaying the STEALTH transactional costs. Even 1/10th of Ethereum adoption - which doesn't have working pegged smartcoins as far as I know or such a high theoretical transaction count (tMAX)  - would yield huge rewards.

Back on the topic at hand - how much of this documentation actually works/applies: https://bitshares.org/doxygen/group__stealth.html ?  I know some STEALTH transactional features were implemented by Cryptonomics but it is unwieldy and/or incomplete. Is there a need to wait for updated documentation regarding STEALTH transactions before it can be considered production ready and implementable in third party wallets/clients?

kenCode

Quote from: questionsquestions on July 06, 2016, 10:28:36 AM
Will it be expensive relative to a normal transaction? STEALTH is a critically important feature and really should be the default rather than the exception. The idea that everything is on display for everyone is just very difficult to sell. You get significantly more privacy from a traditional banking relationship.
The fee for a Stealth transaction will be more than a standard transaction, but will be as low as possible to encourage its use. I am a big fan of rate limited free transactions if that says anything... :)
kenCode@Agorise
Matrix/Keybase/Blurt/Hive: @Agorise
Session: 0525c95e7f37dca6e29ac84fe7030f0bc5f8bcd564207f03c893e47d2a381a2337

questionsquestions

Will it be expensive relative to a normal transaction? STEALTH is a critically important feature and really should be the default rather than the exception. The idea that everything is on display for everyone is just very difficult to sell. You get significantly more privacy from a traditional banking relationship.

kenCode

Quote from: Brekyrself on July 05, 2016, 04:07:19 PM
Transparency makes sense for 3rd party exchanges so they can prove they actually own the BTS that is trading.

On the other hand having some stealth for small business acceptance is vital.  @kenCode when it comes to implementing into your point of sale software, how will stealth work?  I am a small business and would accept bitassets however how can I enforce my customers send with stealth?  Is it something that can be implemented into the QR code they scan to automatically enforce the customer send under stealth?
I will not force anyone to pay or send with Stealth. Stealth will be an option for those that want to use it voluntarily. The accounts and amounts will be anonymous and untraceable and it will be an option that the merchant and users of supporting wallets can utilize if they enable that feature and use it.

I think @Chris4210 (CEO of BitShares Munich) will be announcing the fundraiser for the completion of Stealth next week. There are some OPENPOS tokens still available too for investors that want to be rewarded from the company's success so ask him about that as well if you're interested.
kenCode@Agorise
Matrix/Keybase/Blurt/Hive: @Agorise
Session: 0525c95e7f37dca6e29ac84fe7030f0bc5f8bcd564207f03c893e47d2a381a2337

Brekyrself

Transparency makes sense for 3rd party exchanges so they can prove they actually own the BTS that is trading.

On the other hand having some stealth for small business acceptance is vital.  @kenCode when it comes to implementing into your point of sale software, how will stealth work?  I am a small business and would accept bitassets however how can I enforce my customers send with stealth?  Is it something that can be implemented into the QR code they scan to automatically enforce the customer send under stealth? 

xeroc

Paging @kencode who has the majority of STEALTH tokens and thus the only incentive to actually do this

questionsquestions

Is there any ETA on some form of workable stealth transactions for Bitshares to obscure either the amounts and/or the transaction participants? Being able to enter poloniexwallet (the Bitshares wallet of the exchange Poloniex) and see their entire balance and transaction history is just such a huge barrier when selling or developing for the Bitshares platform, which otherwise is pretty great.