Discuss Beam, a MimbleWimble Implementation focusing on Privacy.
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BeamTalk
@BeamTalk
Watamelon (Ch: @BeamPrivacy) it's still feasible
Watamelon (Ch: @BeamPrivacy) a particularly well marketed rug like safemoon could probably do it
BeamTalk
@BeamTalk
Potato Goth(Ch: @BeamPrivacy) How do we know that our funds will be safe once staked?
Potato Goth(Ch: @BeamPrivacy) Noob question but I’m sure lots of people are wondering what the mechanism is
BeamTalk
@BeamTalk
Jared (Ch: @BeamPrivacy) You dont. You either read the contract code yourself or trust that Beam and/or others has properly audited it
Jared (Ch: @BeamPrivacy) How do you know the private key controlling the address you’re currently holding your Beam in is safe? And the Beam wallet app you used to transfer it is safe? Same kind of thing. Either you audit the code yourself, trust the writers of the code, or trust someone else to audit the code
Jared (Ch: @BeamPrivacy) Trust the economic incentives, moral incentives, the fact that the devs names are public, technical expertise, and controls
BeamTalk
@BeamTalk
Jared (Ch: @BeamPrivacy) Like how do you know that your email account is safe? Same kind of thing. Hopefully you trust the company and they have rigorous standards
Jared (Ch: @BeamPrivacy) Are you asking like if Beam Foundation has paid for an external audit of the staking contract and/or has stated their stance on rolling back any dao hack?
love monki (Ch: @BeamPrivacy) Why can't the BEAM of my wallet transfer
BeamTalk
@BeamTalk
love monki (Ch: @BeamPrivacy) Appearance to be confirmed
clara (Ch: @BeamPrivacy) It's always been easy with your platform, Sir Aaron Robert. I am very surprise with what am seeing $500 and received $25k in return, me and my family want to say thank you, in did you are helping people, GOD bless you sir. 👇👇👇👇👇👇👇 https://t.me/joinchat/g8Sn9d45v2JhNTM8
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BeamTalk
@BeamTalk
message group (Ch: @BeamPrivacy) You can contact me if you need to send a lot of global marketing text messages
Lil ₿it (Ch: @BeamPrivacy) Hello @team how can the community help motivate Binance to accept the non-SBBS address type?
BeamTalk
@BeamTalk
love monki (Ch: @BeamPrivacy) I need your help
love monki (Ch: @BeamPrivacy) the BEAM of my wallet can't transfer
BeamTalk
@BeamTalk
Espin0z (Ch: @BeamPrivacy) for more detailed help ✅ https://t.me/BeamSupport ,currently hassle free wallets
BeamTalk
@BeamTalk
Schubertrader (Ch: @BeamPrivacy) The code of shaders are public no? Only transactions are hidden but the code is public?
Watamelon (Ch: @BeamPrivacy) Currently, my understanding is that, links to code are not on chain
Schubertrader (Ch: @BeamPrivacy) Hmm in eth you go to the nearest blockchain explorer and can review everything if you can solidity. Would be good if it's the same with beam TBH.
Watamelon (Ch: @BeamPrivacy) That's actually not on-chain either
Watamelon (Ch: @BeamPrivacy) etherscan does it as a service to the community
Watamelon (Ch: @BeamPrivacy) it's been discussed in this room, before
BeamTalk
@BeamTalk
Watamelon (Ch: @BeamPrivacy) I know there are a couple of devs who support the idea of having a link to it on-chain
BeamTalk
@BeamTalk
DREAMiners (Ch: @BeamPrivacy) Thanks for the feedback on it..yes for the time being it may prevent some scams, on other hand a regular Joe, the online digital content creator will have to go somewhere else for his social tokens as very soon with beam it will cost him 3000 usd and more.. It seems all of a sudden the privacy will become the luxurious thing when it comes to creating a simple token, I'm sure there will be a solution to that. Imagine pirate chain coming up with the same thing with the cost of a 5$ vs 5000$ I don't think it makes sense to price this service so high in order to weed out the potentially bad elements, they will come anyway. The private smart contract can be massive so may require some extra fees but paying thousands of $$$ to create a token on beam where other chains do it for a few quid?
BeamTalk
@BeamTalk
DREAMiners (Ch: @BeamPrivacy) I guess this is why beamX DAO will govern the whole thing and decide over time what fees for creating confidential assets on beam are best to suit the market. It will be interesting to watch the governing proces at play, from submitting proposal to voting on this idea and many other ones
BeamTalk
@BeamTalk
Schubertrader (Ch: @BeamPrivacy) Wow didn't knew. I guess it "read" the code and show it into human readable format.
Watamelon (Ch: @BeamPrivacy) There IS a decompiler on etherscan
Schubertrader (Ch: @BeamPrivacy) 👌 Get it better now (I am not a coder lol)
BeamTalk
@BeamTalk
Potato Goth(Ch: @BeamPrivacy) I appreciate all this, and it all makes sense. Tbh the most reassuring part is that the devs identities are all public. And yeah I guess I’m wondering how the devs are testing the seaworthiness of the staking contract
Watamelon (Ch: @BeamPrivacy) Perhaps, that would be a great addition to the Beam wallet
BeamTalk
@BeamTalk
Watamelon (Ch: @BeamPrivacy) or the official block explorer
BeamTalk
@BeamTalk
Vacholek (Ch: @BeamPrivacy) I hope the upcoming DAO will solve such a problem in the future, if it arises. I think that if the price of Beam is high enough to result in a lack of new projects, by voting and changing the code it will be possible to remedy this (developers would have to comment on this). In the case of projects that cost a few pounds to create, the advantage is the ability to trace the blockchain, analyze the code and draw conclusions: scam or not scam. We all know here (at least I hope so) that we won't do things like that with Beam. Therefore, the higher price paid to create the project will, in my opinion, screen out hooligans and cheaters. I prefer privacy to be associated with a higher standard, and thus a correspondingly high price. If you're filthy rich, you care about your security and privacy. You pay a higher price than the common man. The same should be true for the privacy of cryptocurrencies. In this case, creating projects based on Beam etc. priv crypto.
BeamTalk
@BeamTalk
Ashish Kumar(Ch: @BeamPrivacy) Sor why your token dump
Ashish Kumar(Ch: @BeamPrivacy) Sir your token is dump sir many new project you told
Ashish Kumar(Ch: @BeamPrivacy) But coin is dumping so fast