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gridcoin-community / Gridcoin-Tasks

Gridcoin community tasks repository
https://gridcoin.us
MIT License
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Make mixer, coin-join sites #50

Closed skcin closed 5 years ago

skcin commented 7 years ago

Issue by Erkan-Yilmaz Monday Jan 23, 2017 at 13:33 GMT Originally opened as https://github.com/Erkan-Yilmaz/Gridcoin-tasks/issues/47

Wikipedia: CoinJoin

advantages:

question:

mentioned in hangout 2: 2:41:47

skcin commented 7 years ago

Comment by grctest Monday Jan 23, 2017 at 13:35 GMT

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.

skcin commented 7 years ago

Comment by Erkan-Yilmaz Saturday Mar 18, 2017 at 23:34 GMT

related: BitShares upcoming stealth function

skcin commented 7 years ago

Comment by grctest Sunday Apr 09, 2017 at 22:53 GMT

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.