You are viewing a single comment's thread from:
RE: No names, no amounts. Bitshares' Stealth Transactions - [PROPOSAL]
Great!
In my understanding, the stealth transaction feature you're talking about is a pure user interface issue, right?
The BitShares backend has full support for stealth transactions. Will the existing backend be changed by your proposal? If so, will your changes be interoperable with the existing implementation?
Also, the existing implementation puts significant computational load on witness nodes. AFAIK this is the reason for stealth transfer fees being much higher than standard fees. Can you explain how the fees are distributed between the STEALTH FBA and the reserve pool?
Thanks!
The core code has already been completed. We are now automating the backup processes, using IPFS as the data store, and making the user interface a hell of a lot easier to understand. For example, in the Smartcoins Wallet I am going to just use a little dark-sunglasses icon to annotate accounts and contacts that are Stealth. The fees are set by the multisig account holders so that can be adjusted at any time. In my opinion, fees should be as low as possible so that Stealth can get mass adoption much sooner. If my grandma can understand it, then I have been successful in its implementation.
The Bitshares community have always try to build solution for the masses, I also believe that by offering low fees, we can make the Stealth adopt by the masses.
My grandma is gone - but she made it to 98 - almost 3 digits ;-)
How old is yours so we can measure her age against a mass adoption probability and time scale chart?