Bitcoin Forum

For a while I wanted to invest into Monero, not so much for the gains in the short to medium term, but for the long run. I believe that within this crypto circus we dwell in, one can truly find ways to store one’s fortune in the most private and secure way, and in complete and utter contrast to the methods the bank system in the old world, have  forcibly put upon us.  I am of the opinion that we now live in an age, where we have given up way too much information of our own private financial  life, information which many times is used against us by those who have obtained it.  The old world has noticed us, and slowly but surely, is penetrating this world, spreading it’s destructive ways, trying to gain control. 

I feel now is the right time to start to move forward with my original plan, and so I started to really dig into the world of all those projects that not only provide speed and convenience  at low fees, but also privacy at the levels I feel are required for the present and of course for the future.
I took a very close look at Monero, ZCash, Dash, Pivx, and Bytecoin BCN,  and though they each offer an overall very good level of privacy, they lacked one thing that to me seems so  trivial, yet was not included in any of them : TOR !

> Full table comparing all coins : http://imgur.com/a/nodcN

What I felt was missing was for the  wallet itself to run  within TOR, the anonymity network, in order to make sure that all in and out traffic from one’s wallet, goes through the TOR network. This in exchange, provides another level of solid anonymity on-line, censorship circumvention and network privacy,  one that has not been broken and is used and tested daily by millions. 

“Tor hides the network traffic to and from your computer when you transact on the blockchain. Without using something like Tor, an actor with the ability to monitor a large proportion of the Internet (e.g. your government) can easily tell where the transaction originated, by seeing where the first broadcast of the transaction appeared. By using Tor this type of tracking is made virtually impossible.” – quoting the lead developer of Spectrecoin.

Three projects came up that provide what I was looking for: VERGE (XVG), Spectrecoin (XSPEC) and Signatum (SIGC).  The latter is now obsolete (“The dev abandoned project after too much pressure for a proper release. We have removed SIGC from the pool and cut our losses."  bitcointalk.org/ August 18, 2017), which leaves two projects, both I found to be very active with a serious supporting community behind them, and with an impressive outlook and development so far.

After spending time with both lead developers of both teams, as well as getting a better idea from their communities, on how the projects have progressed in the recent period, my conclusions are, that they are pretty similar. Both are led by very dedicated developers, who have a deep knowledge of the topic of crypto privacy, and who are eager to deliver the perfect solution and please their hungry, loyal and excited communities.  The XSPEC community especially impressed me with their friendly attitude and willingness to share information. The technical specs on both are impressive, with the VERGE adding i2p support and a few more neat options, and XSPEC providing working stealth addresses (yes, your address does not show up on the explorer!) with extra features in the near future.

I asked the lead developer of Spectrecoin, Jansen Garrick, to provide a little explanation regarding the stealth address included as part of the project “Spectre coins can be "minted" to Spectre tokens. When the tokens are spent, the input of the transaction is a ring signature over many tokens of the same value held by different people. This makes it impossible to know which of the tokens was the actual source of the funds.. Spectre tokens are held in "stealth" addresses.”

Another interesting unique feature, or even, bonus, is that there are no fees associated to sending XSPEC, and of course.. it does go from X to Y in 30 seconds on average!

At this stage, I was left with one point only to truly use as my final decision maker: value of the coin and it’s market cap. :

In the past week, XSPEC has risen by 138.60% , and in  the past month by 194.55%.  Market cap is 13 million! Potential is huge. The entire “privacy coin” sector is gaining fast in the last week, but all of them have large to huge market caps, which does in some sense, limit the size of the gains one can expect. I will type this again: $13,000,000 market cap!  Current price is below 70 cents!

Based on all my findings, as well as a raw view of the coin’s financial situation, is it clear to me that Spectrecoin (XSPEC) is the privacy coin I want to invest in now.  On a technological standpoint, it is impressive compared to the other five big coins. With it’s tiny market cap and steady growth, I feel the potential here is huge for both the short to medium run, and of course, the very long run, where it is important, in my opinion, to be able to achieve some level of privacy in this crypto circus we dwell in.

Trading here :
https://www.cryptopia.co.nz/Exchange/?market=XSPEC_BTC

Better or not better, It has got its unique features - thats a fact at least
Is it even worse? Maybe yes and maybe not

The question is - Is it 2,023/14 mills worse than Monero?

My answer: Invested

Nice analysis. If you please, you could add also deeponion to the panel of the anonymous coins. It's a young coin, but it have as well a lot of potential. Take a look on my signature on it  ;)

I would also suggest you to look into deeponion. The coin is going to get a much wider distribution, due to the developers brilliant airdrop distribution. This is going to make it the primary privacy coin.

Spectre devs seems greedy for making an ICO!

I have invested in verge (xvg) but had not looked so much into xspec. I'll have to check it out and do some research thanks for the heads up - for what its worth the community in the xvg irc channel seems like a nice group of folks as well and the lead dev is active there as well.

I'm always in lookout for good coins with active developers

Did you see how much they made in the ICO?  It was disappointing.
I think that was just the trend at the time to have that kind of crowd funded distribution.  They weren't trying to be greedy, that was just a generally accepted method.  The community seems strong.  Deep Onion should definitely be on the list as a player.  It's really new, perhaps he overlooked it.

At first this looked promising to me but iam not jumping ship on it.
I've heard that spectre is a fork of shadowcash wich had some serious privacy issues proven and is POS.
Could be all wrong but iam holding back for now.

Last November the ico was launched and over looked by many. Only 5% of the ico proceeds went to three different devs+promotion+ other expenses. That's not exactly greedy and other projects retain(ed) far more. Including the one you're shilling.
Maybe you should check into things before you make off the cuff statements like that.

Xspec is here NOW and fully functional as a TOR+OBFS4 coin on five different exchanges.
Cheers!

I've added a comparison with DeepOnion here: http://coinwiki.info/en/SpectreCoin#DeepOnion

The marketing scheme is really the only thing that's brilliant about DeepOnion IMO. And marketing being over-proportionally good most likely means that it is highly overvalued.

This is the only coin I have not had an issue with internationally. I would like to see this adapted in global e-commerce. POS has proven itself here, especially over any centralized masternode system. Surely this one needed an ICO as it is proof of stake, that's how distribution works and the alternative, is not energy efficient. The ICO was undermarketed, poorly timed and development was underfunded for this reason. This project has become much more transparent and backed by a diverse community. Release of 1.3 OBFS4 has brought much attention internationally, some of which have no access to Bitcointalk in general.

The previous shadowcash comment relative to the fork is incorrect as far as I am concerned. Please post reasoning for awareness to everyone's benefit as people from some regions really don't care about personal and unsupported criticism as opposed to technical criticism when there is no other alternative to Spectecoin.

i really liked this coin also, invested a few days ago and it already gave me a 60% profit
and that isn't even the main thing, the main thing is that they have such a great community and the dev team is so damn "present"

it's still cheap as hell imo, the way i see it, i'm gonna buy a few more and hold

It goes without saying that Spectrecoin is here to stay in the crypto world development is ongoing with a great community behind it the only thing left now is the marketing side, I see Spectrecoin going places soon

which exchange best to get xspec?

Cryptopia (https://www.cryptopia.co.nz)

Last week XSPEC trading volume is over 100k with todays 402k ath

active dev + strong community + great anon feature (OBFS4) and all this together with a still very low marketcap = strong buy imo

Please back up your argument with math and logic.

Answer these questions please:

1.What can deeponion do which Spectre cannot?

2.How many Deep Onion coins does the Dev have relative to the community as opposed to Spectres Dev relative to the community?

Seriously, answer this question for us using simple math and then tell me if anything you are saying is making sense. Show your work, get your calculator ready.

Please answer my questions as you have come into our thread and disrespected our community. Refer to my above post to understand my frustration as your deeponion is NOT available to some of us.

I think the superior coin above the spectre coin is the zcash with its zcash technology it will have implemented to the ethereum technology which gives a new combination about the smartcontract with the zksnarks that gives the perfect technology that already covered by the real privacy.

Time will tell

This is a very nice and helpful comparison of the anon coins thank you for that!

I am a fan of XSPEC and have been hodling onto it for months, ever since I discovered it along with XVG. The dev team need to be a bit more organized and sooner or later they are going to need to get some businesses signed but for now they seem to be stable and moving forward.

Also interested to see how DeepOnion will measure. Time will tell, but their airdrop is perfect.

ummm....18,314,055 total supply premined by dev....3,208,936 distributed so far. Lot of strings attached about participation and maintaining post count etc or you miss out of some airdrop....and stirngs about what you can do after you get it. If it ever completes.

Quotes below in "" are direct from the OP on BtCT.

"all accounts receiving distributions will need to keep 90% of the coins received on the account during the whole distribution/airdrop period. Any movements greater than 10% of the airdropped amount will disqualify the account from receiving future distributions."

And.....last but not least....there's this...."Genesis block, premined coins, breakdown; 70% will be air-dropped to the community, while 20% will be used for bounties, rewards and other promotions. Remaining 10% will belong to the dev team."

Wait what??? But, there's NO ICO. So maybe xspec's ico and 5% retained by the devs doesn't look so bad after all.

That's not even counting the so-so tech but, I  have to admit....good marketing.....folks are lined up to get their freebies and have NOTHING invested other than their time posting and annoying everyone....
They're the talk of Bitcointalk for now....like SDC once upon a time.

Couldn't have put this better myself...

you absolutely right I guess with time Spectrecoin will be better for it its just helping people to get to know the tech behind spectre here is the way see it if when the air drops has ended it could be dumped bringing down the price but I doubt spectre will be dumped so it's all good

So it will end well for Spectrecoin because people become more aware of it privacy and secondly it can only get better each day

Looks like with China ban things are turning well for Tor implemented coin :)

yes added good if the price jumped there is a chance for us to earn a big fortune later when investing. But what I worry about is Can we still be patient to keep waiting? Because the time required is also long enough 1-2 months.

Well with as strong dev team as the project currently and finally has (the one that has released Tor implemented client)
more advanced tech will be added(see the roadmap) and with current situation in China, this project would be the very best logical way to put your money into if you care, especially in a long term perspective

So, 1-2 months are nothing basically