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Erkan-Yilmaz / Gridcoin-tasks

tasks, wishes, ideas, ... for the Gridcoin project
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Make mixer, coin-join sites #47

Open Erkan-Yilmaz opened 7 years ago

Erkan-Yilmaz commented 7 years ago

Wikipedia: CoinJoin

advantages:

question:

mentioned in hangout 2: 2:41:47

grctest commented 7 years ago

Assign to: @caraka ?

Advantages: Disassociating coins w/ an CPID. Currently GRC is very transparent if you register your CPID to the NN & your investor coins are stored in addresses used to stake with the CPID. This could increase voting participation.

Edit: RE: Legal issues: https://en.wikipedia.org/wiki/Structuring#Regulatory_table

Capital controls generally regulate how much money can leave a country at any given time. Whereas anti-structuring regulations are more concerned with limiting the size of domestic transactions for individuals and somewhat limiting the outbound foreign currency transfers of firms or company entities.

Perhaps you would have trouble entering/exiting countries (airport) if they have strict currency controls & it's proven that a GRC mixer was used to evade said currency control. As long as coin mixing amounts were kept below the single transaction value limits (before requiring documentation) it may be ok to run? Not legal advice.

Erkan-Yilmaz commented 7 years ago

related: BitShares upcoming stealth function

grctest commented 7 years ago

related: BitShares upcoming stealth function : if it comes, @grctest would make a video for it

Indeed, BitShares has always had stealth built in, but it has been hidden away in the CLI & thus off-limits to 99% of the Bitshares userbase.

When Bitshares Munich successfully implements a simple to use Stealth mechanism, it'll appear as 'unknown user sent unknown user2 an unknown amount of an unknown token' to which tokens can be transfered back to the Gridcoin network.