Bitcoin Forum

Very Well Designed thread.

I am kinda hesitated to join the token sale. (I may end up join)

1. Token price is too much & why the lock up period over 1 year?
2. Minimum contribution is too much in my opinion, Would love to hear the reason.
3. XX coin calls itself decentralized and quantum-safe, Could you proof that it's quantum-safe?
4. Investors always ask for great returns, is there any plan for big exchanges?
5. If you don't reach $15M, would you extend the sale?

Would love to hear back from team.

your questions are great! esp item #3. interested also how they assess this project as quantum-safe? did they buy at least one quantum computer to test its vulnerability to attacks. very very expensive gadget!
 or they have collab with lab like IBM to test their system's flexibility?

Protection from quantum computers is more like just a marketing ploy than true.
Or where we can see the results of this testing?

You talking about serious Privacy protection, even from quantum computers, and require very detailed verification with all personal data (KYC) in order to buy your token...?
Are you okay?
https://i.imgur.com/qrk5Yqr.jpg
I won’t be surprised if there is a request for scanned documents on the next page. But I will not check this.
Where there is KYC, there is no privacy and security.

You're right about the marketing ploy. I was caught up on the QC hype too, hopping from one project to the next, trying to connect all the doomsday scenarios they were painting and how to avoid them in one fell swoop. Then, came across an article that explained it as it really works.

Bad news folks. BTC too is quantum-resistant if you don't reuse the same address. Feels like I've been had

https://i.ibb.co/grRgsYP/744b12f8-610b-4b0f-8c4e-f8e424190c91.png

The lock-up period is for securities regulatory compliance.


Due to regulatory compliance and as a result of our initial governance model, contributors must go through KYC/AML verification. This costs money so we need a minimum contribution to account for this. This allows us to create social governance for the initial network that is "one user, one vote" rather than a governance system based on computational power or financial stake. We discuss this and how we keep users private in this environment in our webinars.


Yes, we can prove it is quantum-safe. Our consensus and tokens use only to use quantum-secure cryptographic primitives known as pseudorandom functions. These are known to be secure against (though weakened by) quantum computers. We use hash functions as the core primitive in all of our signatures and the security of these functions is based on the inability for any computer (even a quantum computer) to be able to determine the input of a hash function based on its output. By increasing the size of the hash image we use, we sufficiently protect against the ability of a quantum computer to weaken its security (see the Birthday paradox and Grover's algorithm). We've done a series of blog posts and webinars on how we achieve this which we recommend you check out!


No comments.

1) We are building a platform this is inherently different than Bitcoin. We are building a useable payments platform that can handle a large number of transactions with a very short latency ALL with world-class privacy. This is in stark contrast to the store-of-value nature of Bitcoin, each platform solves a different thing and can live in parallel. Do we think Bitcoin is going to be broken by a quantum computer in the next 5 years? Probably not, but as I'll discuss in my third comment unless you're happy with the payments platforms of the future supporting less than 10 transactions per second, any new blockchain should be built from the ground up to support post-quantum cryptography as migrating to it with an existing consensus mechanism will be controversial and the resulting platform will be slow.

2) As far as the security of a user's wallet goes, never using an address more than once is excellent advice and mitigates many issues but it needs to be enforced in the protocol and all clients to be effective at preventing a lapse of confidence in the currency. This means changing the entire ecosystem of software and hardware wallets and ensuring that the millions of cryptocurrency owners migrate their currency over to a fresh wallet. The fact remains you are on borrowed time using this approach. Quantum computing will break public-key cryptography and if I can insert myself between you and the network with a quantum computer and block your traffic, I will eventually get your private key. You might be sophisticated enough to identify and protect against an attack like this but the blockchain dream is based on a large ecosystem of people of all technical levels and a wide variety of devices and environments. Regardless, this quantum computing performance isn't expected in the first generation of quantum computers.

3) To really address this, almost all blockchains can adopt post-quantum cryptography but it will bring most consensus operations to a crawl. Hash-based quantum-resistant signatures are massive (lookup the size of a WOTS+ signature compared to an ECDSA signature) and will rapidly saturate the network resources of almost any blockchain. We invented a new approach to consensus specifically to handle these large signatures. Our endorser sampling approach allows the network to scale linearly with the number of nodes while ensuring that we only need to deliver these large quantum-secure signatures to a random but constant-sized subset of the network. We explain this approach in detail in our webinars and technical paper.

4) Even if you secure users' wallets, the consensus algorithm itself is vulnerable to quantum computing in many blockchains. Proof of Stake protocols generally uses quantum-vulnerable cryptography to vote on the validity of a block as well as to generate randomness in the chain. Moving to quantum-secure signatures will result in the same performance issues as in my previous comment. PoW mining is resistant to early quantum computing but will eventually become vulnerable as Grover's algorithm cuts the difficulty of mining a hash preimage in half. If quantum computers become an enterprise tool held by corporations and governments, the mining environment may look very different.


I request everyone to check out the webinars - https://www.youtube.com/channel/UCmfUaqB2HQnEHU0o4Z7Es0Q

what is the main advantage of using ERC1404 vs ERC20 smart contract code? not many eth projects are using this code, and actually, this is the first time to encounter a project using this type of code. also, can you disclose how much you raised during your private sale as it is already over?

If i understood correctly, it's only for distribution for placeholder tokens before the mainnet kicks in, as this isn't a second layer eth project. But yeah, i had to google that contract too, apparently they will use it because it would bring more privacy for buyers then erc20.

The main advantage of ERC 1404 is if it has already compliance with US regulation body that already made by SEC.
I just suggest you read this article
https://www.prnewswire.com/news-releases/ethereums-erc-1404-included-in-sec-filings-300943573.html
and this one too
https://erc1404.org/

Remember ERC20 is a standard token on ethereum blockchain that has already made without any intention to be compliance with restriction for the security issuance by the regulator standard.

XX coin is aiming for worldwide adoption and that's why ERC1404 will be the best choice.

I don't know correctly about how much raised during the private sale but it looks like elixxir was not creating private sale as it as already got investment from CEO of ripple (Chris Larsen).CMIIW

If you wanna know how much already raised so far and just visit icodrop.

The first public sale will begin on January 23 2020, 11 pm GMT and end when the target cap reaches $ 15 million USD on February 19 2020, 11 pm GMT. this is a big target with a short time I am not too sure if it can be achieved, is there something that can reach that big target ??? this is a heavy duty sale

it's not a big target considering david chaum has managed a digicash project and seems to be quite successful (i didn't follow it) i think targets like this are only small for them, and i'm sure this project will reach hardcap i'm very sure of this.

David Chaum is a pioneer sure, but digicash wasn't successful, it was one of the failed ones in digital cash solutions before the Bitcoin took over. It was failed because of the centralization, and that problem was fixed with a bitcoin.

Trying the second time around. At least they know already the reasons why they failed the first time. And since crypto community has changed a lot since then, I guess they already know the possible bottlenecks that they may encounter and should have all the contingencies in place to make this successful.

Where tech specification?

wow I am glad to see your response and I hope that what you say can happen, and if I may know what your strong reasons are so that I feel confident that sales will reach harcap, please talk a little maybe I can see the truth of what you say. Thank you for your response

It still seems a big target for that short period despite david chaum's history... Unless they got some couple of big players inform of private investors who can contribute large sum in that short period of time. If this was back in 2017, then i would be kind of possible because of the ICO hype that was there at the time.

thank you so much for the links. i should have googled it but wanted to know from the team's end about the reasoning why they opted to be ERC1404. But reading from the link, this type of token has the intentions to comply with necessary requirements, which is actually good for the investors. they are not like fly-by-night ERC20 tokens that everyone can create. And with private investor like from Ripple, this project will gonna push thru. seems very promising to me.

The ERC1404 is an extension of ERC20 which allows for a whitelist to restrict the trading of tokens until a certain date. The code for our ERC1404 is all online, audited, and open source. These smart contracts will be used to convert to native (non-ethereum) xx coins on the xx main net later this year. This is to prevent non-accredited US citizens from purchasing tokens before the main net which might violate securities law.

I think this is one of the best solutions to the innovation and privacy abuses of the founders of social media. Recently we have been stolen a lot of information on social networking applications like Facebook, Twitter, Instagram, ... we are completely selling our information for free and this is not fair. . I think the Elixxir community and team will do our best to protect users' privacy and we will have a new messaging app. I look forward to the products from the team and this is a good opportunity to invest in this great project.

In fact its a less cool version of ERC20. Less features more noise. Its like a Volvo from 80s, u can still drive it but there is an inherent risk that it thwacks into a walls when brakes go off. This token standard is not manageable and offers less than what u got with ERC20. It has been confirmed that 1404-based token economics is illegal in many jurisdiction because of its jesting connection to Volvo and its unstable brakes.

Wow! This is awesome and it definitely an extension of the ERC20 token due to the security and restrictions of some country dedicated in the platform.
This will be the first time i hear about the ERC1404 which is what make me do a quick research about it concept and i find out the name behind it not Vitalik Buterin etc, why?
Is the David Chaum XX Coin a Security Token or Stablecoin?

This thread looks quiet even though this project is just running or this thread was only created at the end of January. Does this project bring changes to the crypto world?

DAVID CHAUM's XX Coin promotion looks pretty good on bitcointalk forums, they dare to pay with bitcoin, in my opinion it's not very action and I see we also need to need extraordinary promotions like on social media telegram, articles, videos and many other things In order to make the promotion section evenly distributed publicly and publicly, I hope the team understands my intentions

no need, it seems, because if you do a search on the internet, there have been a lot of promotions about articles and videos, for telegrams I have not checked but it looks like the channel that reviews ico seems like they have already done it,currently i think they only need traffic from this forum.

This project, I think will push thru even if they will not achieve their targets.
They might have already got sufficient funds during their private sale.
We will see also how efficient it will be to employ ERC1404 token.
Not a regular ERC token type project.

And just to inform the team that their xx network FAQ tab on the website is not working -

https://i.postimg.cc/L8B5Rrd4/Screen-Shot-2020-02-06-at-6-52-57-AM.png

yes that's why I submit the urge to preach widely about ERC1404, even I also just saw this new technology, this needs to be known to the public, many people are not active in the bitcointalk forum, if the news is spread on social media it will be very good so there will be many come new users not only from the forum

What makes you believe that the ERC1404 technology is superior to other ERC tokens?

I think an easy explanation will make people quickly understand this technology, and explaining in this forum will also definitely attract people to at least see and learn about this project.

Just like BestChange campaign dare to pay with btc so is xx coin which in my opinion prove this team cares more about their project and intend to protect the interest of their investors, you know what they say about bounty hunters and their reward..... and note that there will be a lock up period of xx coin for every investors and that too varies from time of purchase of xx coin, so you see that paying with btc is the better option.
i do share your view on the other campaigns not included, it would have given a better chance to reach a more wider audience, but i guess the team knows what works for them better.

the reason I call it superior is because ERC1404 has just wanted to be launched, of course there will definitely be differences between the other erc, that's what I believe, but for certainty, I don't really understand how the final results, we see along with how everything will develop, hopefully can stand firmly

The xx coin smart contract (ERC 1404) being sold now is a security token which is why it is not available to US persons. It will be converted to a native currency after a year once we reach mainnet. The native currency is a usable, fast, and secure currency which is expected to be widely distributed and utilized as opposed to a store of value. There is no plan to make the xx coin an enforced stablecoin but it may be more stable than other currencies because it's based on the use of the platform which has inherent, leverageable utility and performance for a large user base (private communications for messaging, payments, and apps).


We dig into this in our webinars which I recommend you check out on youtube. In short, the goal of the xx network is to bring useable blockchain-based technology to a mainstream audience as opposed to it being limited to early adopters and developers which is unfortunately where we see a lot of these projects ending up. To do this, we've built a new currency, consensus protocol, and communications network to solve the major issues we believe prevent the adoption of blockchain technology: speed, scalability, security, and usable privacy. We provide world-class privacy in the form of mixnets for all transactions and communications while supporting many thousands of transactions a second with a couple seconds latency. The consensus protocol scales linearly to thousands of nodes and is future-proofed against quantum-computing. All nodes have equal governing power in the network preventing concentration of power due to wealth or hash power.

The result is a fair, unmanipulatable communications and payments platform governed by its users which has unprecedented speed and security while seamlessly supporting the strongest privacy technology in the world.

It's mean the investor need to wait for 1 years to sell their coin on market?
The team will lock the coin, or just not listed on exchange before 1 year?
You said this project try to make the price more stable how, how to do that?

yes of course it will be our hope together here, my hope they can achieve their mission as max as possible in order to be the best outcome at the end for the community, and don't forget to participate as an investor this will be the hottest news from the DAVID CHAUM project, of course I will do The same participates in sales, let's wait forward

I still don't understand why they are blocked for 1 year.
Although there were previously stated reasons. 1 year may be overestimated. Because in 1 year the cryptographic evolution is substantial
It is even possible that within a few months a new project of this kind will surface and surpass your technology.
In addition, the security and reliability of the project is a plus. But the point of talking about KYC when there is a hint of user privacy is not serious

Do you perform tests regarding quantum computers?

Hi moderator i have a question regarding this project.Private sale represents 2,5% of 70% or it is 2,5% from 100%?

locking for 1 year is sometimes advisable so stakeholders will not dump it in the market. it is for the sake of the project. and yes, thats a long time already when youre in crypto. but i think they are confident with their project. because of david chaum in the lead?
KYC requirement is usually needed if the project wants to follow certain regulations of the country where it is legally operating. and because of that, they have to enforce such reqmt. up to the potential investor if he will comply or not.
come this feb 19th, we will see if this project will attain their $15m targets...

It's already a solid project since it was started and if that's not a good project and i didn't even think if CEO of ripple wanna invest in elixxir
https://www.coinspeaker.com/ripples-chris-larsen-makes-strategic-investment-in-david-chaums-new-crypto-project-elixxir/

XX messenger already alive and you can even try to use it (Playstore and Apple store) and also elixxir blockchain (alpha) has already launched since last year and i just expecting the blockchain of elixxir will alive shortly.

David Chaum caught my attention back in the days when he was working on his previous project. After a very long long time I see a project worth investing my money.Though I see the XX coin didn't reach the hard cap yet while the big name is enough to raise that much in days! Are you guys lacking on marketing or it just the bear market caused the lack of funding? Though 1 year lock up played a vital role IMO & is too much like other people mentioned though in one way it's good for investors as i don't think any pump or dump group will join this token sale.

That's true of 1 year locked must be criticized but that's the decision that has already taken by the team. AFAIK if the team was also getting the private funding it should be around 3 - 4 million dollars in the past.
The problem is this ico was not choosing the best time to launch ico. I just think positively about that and the team has various reasons for that. We will see that after this coin will be listed on the market. I can say this has a lot of potentials to be doubled.
The pumpers will never try to do that but the pumpers will always prepare themselves to pump the coin after it has been listed on the market. I think if you are an old crypto adopter and you might know properly about how the pump and dump group worked until this day. The product is alive and this one will be easy to be listed on a good market.
This project can reach the hardcap instantly when listed on the IEO market but there are some considerations for that.

The team answered about the 1-year lockup reason already check the first page of this thread. 

I think the primary concern on why the project is going to locked it for one year is because of manipulation. I'm sure you heard so many great projects in the past, but once it hits or listed on an exchange, suddenly a dump happen. And this is why the project is trying to avoid.

As for as if there are projects that are going to surface and surpass their technology, you can't avoid that as you have said, crypto sphere is evolving. But what this project will do for angel or early investors is that they are being protected from manipulations and pump-and-dump schemes.

not an ideal time to launch an ICO, investors are not really interested in ICOs anymore. anyways good luck for the launch.

What do you mean that it is not ideal? Investors are just getting smarter nowadays and wouldn't just put their hard earn money to ICO's just popping around the corner.

With that said, if they would just look at this project, they might find it interesting and who knows, just maybe there are investors who are willing to take the risk.

DAVID CHAUM's XX Coin is the best project in 2020 i hope will success

Thank you for your support.

---

Just 5 days away until the xx coin sale ends! Make sure to grab your xx coins before February 19th!

thank you for the information that I almost missed just because I forgot to take my good position in buying DAVID CHAUM XX Coin, hopefully after I invest some of the funds that I have can be useful and help this project and don't forget the hopes of the community towards the project I am waiting for an appointment here

Hi

There is no plan to do an airdrop

---

Just 3 days away until the xx coin sale ends! Make sure to grab your xx coins before February 19th!

May I know how much you raised from the sale? Why you chose ICO instead of IEO or you are being self-funded? This project looked great but I think you have a lack of promotion because not many people know about this XX coin!

Maybe there are going to announce about the status of tokens sales here after finish their token sale and I think one more day to go,  we know that so far xx team is doing well and lots of investors already invested. let see what will be the final status about xx tokens soon.

Interested to see if they achieved their ICO goal.  8)

I also want to know does there is need for protection from quantum computers or may be it just marketing tactics.

Hey where we can find this information? I also interested in.
What is benefit from holding XX coin, except possible price bull run? No passive earnings possibility?

I got little gifts from DAVID CHAUM's XX Coin. A nice surprise from here.

https://i.ibb.co/kBRmymv/20200220-111136.jpg (https://ibb.co/kBRmymv)

Me also interested in from where we could get the information.

How do you get the prize? Are you an investor so you get a gift for clothes?
Maybe you can visit the website to get information and read some of the documents available

The results of their sale is really interesting for me to know as they have David Chaum on board. can he really pull good money into this project? I hope the team will disclose the real numbers of their sale status after this initial public sale. The amount raised will give you a hint if this project can really entice investors even if ICOs or token sales are not a thing anymore. Their target cap on this stage is $15M, are they going to achieve this target? Let's see...

https://i.postimg.cc/Kz044chP/Screen-Shot-2020-02-24-at-7-49-47-AM.png

Details - https://twitter.com/xx_network/status/1231779530173566976

---

https://i.imgur.com/T1Tb20O.jpg (https://xx-coin.io/#referral-program)

There is a whitepaper on xx-coin.io

elixxir architecture brief https://elixxir.io/elixxir-architecture-brief-v1.0.pdf

cmix whitepaper https://elixxir.io/cmix-whitepaper

praxxis whitepaper https://praxxis.io/technical-paper

I don't think there is a Twitter bounty at the moment (but I don't know if one day it will launch another bounty campaign), for now it only launches signature campaigns with btc payments. Or you can join a referral sale to get a token.

How did their initial public sale go? Are they going to disclose how much they raised in this stage? I have high expectations on this project but I don't know if the current market will have an effect on their crowdsourcing stages.

Their initial public sale has already launched and it has raised more than 8 million dollars (My personal opinion). I just try to consider it caused by icodrop has already published the initial amount about how much raised during the sale a month ago and i expect if that receives more money right now. Im also watching this project.
You can also try to talk with the team directly on its discord channel but I'm not sure if the team will disclose how much raised right now (accurate result).

Can you please update us about this initial public sale? Are you able to accumulate the soft or hard cap mentioned in the above reference image?

Wondering why they can't disclose the amount to public? Even the approximate amount of what they raised on their public sale? Did they hit their targets? Because one thing to look at if the project will going to push thru is if they are successful in raising funds? Unless, they do not depend their developments from their token sales. No matter how much they collected, are they going to push thru with their developments?

For your first question and it's better to ask it directly to the team. They did it as they have already raised 40% from the hardcap. As far as i know, this project is also getting institutional investment too. You should take a look at this news https://www.coinspeaker.com/ripples-chris-larsen-makes-strategic-investment-in-david-chaums-new-crypto-project-elixxir/
The team will do the best and it doesn't matter how much raised during the public sale as long as it has already passed the soft-cap. The team will continue to achieve its main goal.

Is this bounty trusted? Anyone tried and received??

You entered the wrong thread about the bounty because this is not a bounty thread. You should look for a thread or bounty group from this project to be clearer with confidence in this project.

The bounty campaign for this project can be trusted but sadly if the campaign has already ended a few weeks ago and you may try your chance to join in another campaign. i have seen some people have already received their payment from this campaign. you must think to get the best one to get reliable payment. good luck with your next campaign.