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mindphuq
@maniac0s
so like eth on stereoids?
Joshua J. Bouw
@JoshuaJBouw_twitter
Or sidechain to bLK
Yeah, basically
Decentralisation is optional
Same with transparency..
It has CT
It also does have its own native coin
mindphuq
@maniac0s
isnt that similar to what rat4 tries with blacknet?
Joshua J. Bouw
@JoshuaJBouw_twitter
Much further
rat4 isn't doing anything new
So, mimblewimble-style CT is pretty cool
You save a ton of space..
but you sacrifice things like blinding keys
mindphuq
@maniac0s
CT?
Joshua J. Bouw
@JoshuaJBouw_twitter
Confidential transactions
With G Maxwell style CT, you have 2 keys...
Priv key and a blinding key
You can't see txs between wallets, unless you have the key to see it
So, it can still be fully auditable, if you have a key for that wallet.
Its like, view only key, not spend
mindphuq
@maniac0s
so its like stealth trx?
Joshua J. Bouw
@JoshuaJBouw_twitter
Yeah, its stealth
mindphuq
@maniac0s
cool
Joshua J. Bouw
@JoshuaJBouw_twitter
Been talking to Adam Back about it...
He loves the fact that I'm building something like elements, but a lot more approachable
mindphuq
@maniac0s
ah that sounds interesting. so you dont have like this to protect privacy https://en.bitcoin.it/wiki/Address_reuse
Joshua J. Bouw
@JoshuaJBouw_twitter
no
mindphuq
@maniac0s
2013 and still not implemented anywhere?
Joshua J. Bouw
@JoshuaJBouw_twitter
?
mindphuq
@maniac0s
"This work was originally proposed by Adam Back on
Bitcointalk in his 2013 thread "bitcoins with homomorphic value""
Joshua J. Bouw
@JoshuaJBouw_twitter
Yeah, on elements
also on liquid
mindphuq
@maniac0s
sorry I am really out of touch with cryptos
I have to relearn so much
btw I had another idea: "Blackload"
like, implement a torrent like p2p system on blackcoin. Use IPFS as a file storage and the blockchain for finding content (no central servers needed).
now, next step would be: Implement a whole internet on it.
like you have in freenet
although the focus shouldn't be on hiding content but rather making it not censorable
so you like surf a webpage, all content is pulled from IPFS where the hashes are found via blockchain. like dtube does it with video but here you have websites, pictures ect
Joshua J. Bouw
@JoshuaJBouw_twitter
Yeah I got that too..
But its like... inspired by IPFS?
Its basically the same thing
Just more... suited to Blockchain stuff.
mindphuq
@maniac0s
it utilizes IPFS but you can like surf a web in it
Joshua J. Bouw
@JoshuaJBouw_twitter
The way that IPFS is done on ETH is stupid.
tbh
mindphuq
@maniac0s
your starting page is a javascript. so everyone just needs a browser. the js will offer like a search bar. you type in something and the js client connects to the blockchain and searches for the content.
then it pulls the content of that resource and the page has like hyperlinks to pictures ect.