Bitcoin Forum

Same as the title.

LOOK HARDER!!

Let's learn about XC and why it blows it's competitors including BTC out of the water hands down...( this was mostly copied from the XC website because it explains it best)

Total coins:
5.5 Million
Premine: 125k
Block Times: 90 Seconds
POS interest: 3.33% per year
Min stake time: 8 hours
Max Stake time: 30 Days

TECHNOLOGY

The XC network is made up of two parts: (1) the standard XC network, made up of computers running the XC App, and (2) the anonymous XC network, which is run by XC Nodes.  All apps that are open and connected to the network while holding coins are a part of the standard XC network.  This network is very similar to what other cryptocurrencies currently use.

 The XC anonymous network, on the other hand, is something entirely different.  It can be accessed from any XC App, but if a user designates a transaction to be sent anonymously, it is processed by the XC Nodes which make up the anonymizing portion of the network.  Any XC App can be set up to run as an XC Node, as long as it meets certain criteria

no bloat

XC was designed from the ground up to be compatible with mobile devices. Currently, there are several projects that have an anonymizing strategy that results in an unworkable blockchain bloat problem, which will only be compounded if they are ever introduced to mobile platforms.  Technologies like ring signatures and zero-knowledge proofs fall into this category and currently lack a way of avoiding this major setback.  XCurrency is able to use standard transactions, but multi-path then achieves an extremely high level of privacy combined with a high degree of prunability.  This allows XC to avoid blockchain bloat, even with full mobile integration.

decentralized

Because every XC App can function as an XC Node, this allows XC to avoid what Bitcoin core developer Gregory Maxwell has recently called a security “chokepoint” in some other coins’ use of semi-centralized nodes to forward transactions.  Unlike most other anonymous strategies, XC avoids the need to hold a very large amount of coins in order for an XC Node to function.  This is made possible due to the small, random transaction sizes of XC’s multi-path architecture.  The smaller capital requirement to run an XC Node benefits the XC network by allowing more XC Nodes to exist, increasing the overall efficiency and effectiveness of the anonymous network.

network security

XC uses multi-sig and end-to-end message encryption. This solution improves upon the more common practice of simply forwarding transactions, which can be problematic because malicious actors can steal transactions instead of forwarding them.  Another issue resolved by the XC approach is XC Nodes cannot snoop on the broadcasting system and publish the identities of senders and receivers.  This further adds to XC's security.

not just for payments

From the onset, XC was designed to take advantage of Blockchain 2.0 architecture. This makes implementations such as secure messaging, secure chatting, and decentralized cloud storage possible. XC’s comprehensive approach to incorporating current and trending technologies provides a stable platform on which to implement exciting new ideas and features in the future. The XC community has already seen evidence of this forward planning in the efficiency with which changes can be made.

 XC was built for the future. While it successfully implements the imperative state of the art technologies that are expected of a cryptocurrency today, the foundation has been laid for even bigger things to come.

Near future (Coming months all of this will be implemented Most probably by the end of the year, Brace yourselves.)

XC Mobile

Currently in progress is the fully featured XC mobile wallet/app.  This app for smartphones will be made available for both iOS and Android operating systems.  Users will be able to earn interest on the go, made possible thanks to XC’s adaptive design.  XC is also working on the technology to allow the purchase of XCurrency directly through the mobile app – this will add ease-of-use for those with less tech knowledge, and will make reloading with XCurrency easier than ever.

Decentralized Cloud Storage

The incorporation of Blockchain 2.0 architecture into the XC framework allows for a broad range of future developments.  One area being looked into by the XC team is the use of the XC blockchain for decentralized cloud storage.  This storage could be utilized by individuals, businesses, or even political campaigns.  The ability to safely store and transfer important documents, without fear of disclosure to third parties, is something that a diverse group of people could benefit from.  XC is taking steps to make this feature a reality.

Payment Networks

As the XCurrency base is further developed, adding XCurrency to an existing payment network, such as the Visa network, will be a number one priority.  Imagine XC being as easy to use as a credit card, but without the need for the actual card, since XC will be fully functional on any mobile device.  This integration into any one of the larger payment networks will allow XC to be utilized at millions of point of sale locations across the globe.  It will also open the door for utilization with ATM’s, otherwise known as cash machines in some countries.  Combined with the ability to reload your mobile app with XCurrency at the click of a button, this will be the premier step toward bringing XC before the masses as a usable, functional, flexible, and robust currency alternative.

NFC Payments

A project that’s been in the works for years, near field communication (NFC) payment technology is starting to gain mass adoption and acceptance as a simpler, faster, and more secure way to make payments at point of sale locations.  With the development of XC’s mobile app, the timing for such an acceptance of NFC technology by the general population couldn’t have been better.  Some of the key benefits associated with utilization of NFC technology in conjunction with XC:

Blockchain 2.0 Apps

XCurrency is built on Blockchain 2.0, a flexible digital platform which allows easy integration for current and future XC applications.  A few examples of upcoming applications would include the use of the XC App for encrypted messaging and chat, and the use of the XC blockchain for decentralized cloud storage.  These are just the start; the potential to build upon the XC platform is limitless.  With the Blockchain 2.0 architecture already in place, the blockchain for XCurrency is like a foundation awaiting the actual building to be erected.  Stay tuned to see what the XCurrency team has planned, and as always, if you have a great idea that you would like to see implemented, by all means contact us and we’ll take a more detailed look.

Web 3.0 Development

Web 3.0 represents the evolution of the World Wide Web.  Poised to make the internet fully and provably secure against identity theft, fraud, and spying,  Web 3.0 is a fundamental change in the architecture of the Internet. XCurrency’s platform approach incorporates Web 3.0 concepts, like decentralization and appropriately secure protocols for various types of information. As XC’s Blockchain 2.0 applications grow in number, XC will increasingly become a fundamental building block of Web 3.0.

Proof of Blockchain

Proof of Blockchain (PoBC) is such new technology, that very few understand it.  Invented by Jasinlee, one of XC’s developers, PoBC will essentially allow blockchains to talk to each other.  At this point, PoBC is a revolutionary concept that, if successfully implemented, will become an incredibly powerful facet of the XCurrency project, further increasing privacy and reducing blockchain size.  PoBC is not going to be implemented in the immediate future due to the enormous amount of work required to code and implement it, (and there are more immediate goals, as outlined in the XC roadmap), but keep an eye out for announcements regarding PoBC, and the positive impacts that PoBC may have on XC’s future.

Learn about XC's free encrypted Messaging (soon to have free encrypted video and voice call)
http://xc-official.com/xc-news/

Lead developer
http://www.linkedin.com/pub/dan-metcalf/12/1a8/b82

TIMELINE
*2014-5-08 XC launches
*2014-5-26 Rev. 1.0 End to end encryption
*2014-5-26 Trusted mixer
*2014-6-16 Rev. 1.5 Early multipath 
*2014-6-16 XC team reveals their identities
*2014-6-24 XC TOR Stick test release
*2014-7-7  XC official website launch
*2014-7-7  XC social media platforms launch
*2014-7-7 Rev 2.0
*2014-7-7 Full multipath
*2014-7-7 Trustless mixing
*2014-7-8 New XC team members introduced
*2014-7-9 XChat app test release
*2014-7-21 Rev 1 mixer code open source release
*2014-8-4 XChat and private payments merge
*2014-8-7 XC TOR Stick
*2014-8-7 XChat release
 COMING SOON
[Undisclosed Rev 2 privacy feature]
*Rev 2.5 XChat, New UI preview
*Rev 3.0 [Undisclosed tech update]
*XC app UI
*Official public launch
*XC TOR Stick ships to buyers
*Public bounty to provably break privacy
*XChat mobile
*XC mobile staking wallets
*XC ATMs
*XChat voice calling
*Point of sale integration
*XChat video calling
*Proof of Blockchain
*Decentralised cloud storage
*Decentralised exchange
*Interchains
AND MORE TO BE ANNOUNCED!!

you should be ashamed !

i know you !
thanks a lot for the lack of innovation  :'(

+guys keep an eye on this one.. he is shamed because he is guilty and he knows it !

edit:
by the way i was just joking  ;D

reality check time guy.

Bitcoin works fine and HAS momentum so your new coin is not going to dethrone Bitcoin !
And the extra stuff is just going to give people out there a headache (people deciding which to use)

naive or deceitful ?

either way your delusional i think.
the general public that invested in Bitcoin will appreciate it's simplicity and not superficial features and bloat etc.

not trying to be mean or anything and for our own independent Altcoin scene innovation is great.. i commend the efforts
but lets be real Bitcoin is in it's own league lol

edit:
The key in dethroning Bitcoin will be in simplicity NOT a million extra new features.
the block chain size problem for example needs to be addressed.. not integrated chat or anon features etc.

You obviously didn't research one minute.

Yep, after loving nothing but alts for the past 3 months I am ready to concede that Bitcoin is king. And we should actually all rally behind it as we still have lightyears to go in terms of cryptocurrencies having mainstream penetration or a sizeable economic presence.

The axiom remains true: 99% of all altcoins out there are bullshit get-rich quick pyramid scemes.

I commend people willing to sift through the garbage in order to find a gem, just try not to develop feelings for the garbage you thought was a gem.

+1

I think the altcoin delusion is coming to a end once the not needed "innovation" coins have passed. Money is meant to be simple, just the 3rd party stuff around can be made more complex... My wife uses BTC but she looked at XMR and was like WTF?!?! You need to be a fucking huge crypto geek to even consider using some of these coins.

XC?!?!? really, 5.5 million coins sitting in a few hands. It won't touch bitcoin.

yeah and horse and carriage works better then combustion motors you sound like grandpa..things change man..things change lol

and BTC is not sitting in mainly a few hands...wake up...you think nothing will touch BTC, you think in a world were the NSA spy's on 90% of the planet, a privacy platform with encrypted chat, video and voice communication is an unnecessary feature...XC will soon be able to be purchased from the wallet, no exchange needed or from the ATM'S they will launch in the coming months  that solves your simplicity...you think im delusional and i think i'm talking to BTC fanboy brick wall..so lets just leave it there.

altcoins are going to crush bitcoins.

its just a matter of time.

right now bitcoin is a lot more valuable because people use it.

but someday a few real alts will rise to the challenge.

Bitcoin, in my really humble opinion, will have others problems:
other the mentioned blockchain size and centralization that is coming, i fear that we are reaching the point of "not profitability". In 2020 each block will reward 6.25 bitcoin (now the reward is 25) and, except if price skyrocket again, i don't know if it will be still economically convenient to mine them, especially if we consider the increment of ASIC and hardware required.

most altcoins are killing themselves. Only several of them will survive.

Check out myriadcoin

there you will see innovation.

Polymyr will be a game changer in the alt scene

+1 what has Bitcoin done to improve itself in the last 4 years..nothing..will that change, why would it, they havn't even attempted to improve it's speed, ease of use, nothing they made there money and laughed all the way to the bank, something like XC and a few others are the ones that are going to become mainstream, just watch, since your all too disillusioned with BTC to invest in real innovation and won't be along for the ride, BTC is my space they had a good thing going they could of improved when facebook came along and showed where the real future of social media was,but they didn't.. XC is facebook.

Scams come with the territory. If you let you guard down in the real world you;'ll be scammed just as easy. Don't deal with scammy alt coins and you'll be ok.

good luck with that..

You walked into his trap. The horse and carriage is not used because it is NOT better for users.

All he said was that people want simplicity. Your average Joe doen't give a hoot about features as long as the currency is easy to use, safe and widely adopted.

I guarantee you that XC will not become mainstream.

people do give a shit about features, that's why it's not only facebook that's a billion dollar company but also skype, viber, snapchat etc they all have there own thing and are all successful, and as for ease of use soon you will be able to purchase XC in the wallet via credit card, and also via ATM what's easier then that, enlighten me, no exchange needed, BTC was not widely adopted over night, XC is 3 months old it doesn't happen straight away, but it's built for mobile phones, includes free chat, and soon free video and voice, skype is worth 8 billion just for those few things alone, so XC is like skype(without the addoption but like i said this doesn't happen over night, not for facebook, not for nothing) but anonymous and encrypted, a store of wealth and a currency all in one, and built specifically for mobile devices, it has huge potential, but i'm not going to argue with you all night about it, so believe what u wish.

give me a reason why? since you gave me a guarantee, i guarantee you can't give me a legitimate one.

How about CryptoNote technology (https://cryptonote.org/) and CryptoNote-based coins?
It's said to be the 3rd generation of cryptocurrencies: http://www.cryptocoinsnews.com/news/cryptonote-more-anonymous-than-bitcoin/2014/08/07

agreed but a thread like this is just an open invitation for them to plug their crapcoins  ::)

Consensus.  Consensus needs a whitepaper.  Consensus needs a community (not shills & hype).  Consensus needs open source (XC is delayed - I admit ...).  Consensus needs proper distribution (not PoS).  Consensus needs a simple (and not horrific) website.  Consensus needs simplicity - both in product and in communication.  Not shiny things that re-invent the wheel "better"  

"XC is a currency that you can skype on and the NSA can't find you plus you can buy a USB key.  But mostly it's a currency"

wtf?

Consensus ... consensus is why XC is guaranteed to fail.

Didn't you bring that same argument up in my thread then not respond too Synechist, when he confronted you? all I'm hearing is Mahican but that could be just me?

I have seen your same - infuriatingly long post if 4 or 5 places as replies.  And then you bring other people in (marketing head of XC) to defend you.  I get you are trying to market your coin (I actually read most of your post - if you typed it up yourself it's not bad).  Although it should read "Currencies" not "Currencys")

But reposting the SAME post in responses of 3 or 4 threads.  And then creating your own thread reeks of desperation.  

I promise you - the day will come you will wish you'd paid more attention to my "marketing" vs "consensus" post.  Find a good escrow and I will bet you up to 3 BTC that your currency will be worth less 3 months from now than it is now. 

What exactly have you done to help Bitcoin in the past two years?  I hope you don't think you just get to complain and point your finger at others demanding things get done to your satisfaction.  Don't see how constructive your post is and does anything to fix the problem.  Maybe a few suggestions would get things rolling instead of disapproving posts/threads? 

this shouldnt be a battle about XC, drop it. this is about a claim for no progress, or innovation. Sure bitcoin has its core developer team, and works real well. but in the alt scene you get to  test scenarios that you couldnt dream of on the bitcoin blockchain. incomplete list of accomplishments since ive been here 8 months (not ordered in any importance)...
PremineCoin - lets see what happens when people only mine for transaction fees
Proof of stake - lets see if we can secure a network without needing 200Megawatts of electricity (current draw assuming 1gh/w (where many people using older tech are probably using more)
Cryptonote - arguably created longer than 2 years ago, but modernized - lets create a private key whose public key is untraceable
Stealth Addresses - lets see if we can send to a specific name instead of an arbitrary address which can only get as specific as the amount of hash youd like to spend to vanity gen your own
Algorithms - lets test every combination under the sun to see if we can force the hashing to be done on one specific medium (cpu, or gpu, or an asic)

theres been plenty of scams I cant imagine what sort of shit i missed by only starting in the scene in December/January. I doubt anything will overtake bitcoin in the short run, and theres no reason bitcoin can't just stay on top. but we get a to test every variable here in the alt forum, if something on bitcoin breaks or becomes not feasible there will be plenty of back up suggestions already coded and waiting to be chosen if need be

(also NXT style coins, sidechains, the new bitsharesx marketplace.. you'll never run a decentralized exchange on a 10 minute blockchain...)