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1161  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC] -POW & 3.33% POS - no IPO| 3 Exchanges | Anonymous Wallet Coming Soon on: May 25, 2014, 12:49:11 AM
Quote
Excellent! Thank you for your hard work!
In my opinion, XC is earlier than DRK in implementing the annomous feature,
that is very impressive

This is not so much a matter of opinion... rather a matter of historic facts: DarkSend was/is live since Feb (testnet) / March (mainnet).


I am confused, I think DRK is still in the testing (i know they started in Feb, but i think they are still testing and they are trying to implement masternode soon), but XC is almost ready for implement. Please point it out if I am wrong.

DRK is implementing masternode payments in a few hours. That's part of RC2. DarkSends work ok but, up to now, masternodes weren't getting paid 10% of mining output. RC3 will bring more in terms of anonymity.

Basic mixing was achieved within days back in February. For 99% of the cases a mixer is private enough for most uses. However governments can still catch you if they can monitor the nodes. That's the 1% extra effort that DRK is trying to do in the last months in the form of negative incentives to run multiple nodes from "bad actors" (that's why masternode payment protocol / 1000 DRK requirement was put into place). RC3 will try to improve anonymity further - always that last 1%.

We will be switching away from the masternode topology in REV v2 - I don't want to give away the secret sauce, but it is going to be high-end anonymous end to end encryption, provide 100% true anonymity and be the foundation of our blockchain v2.0 phase

Also our Rev v1 release can't be "monitored" at the node layer :-)

1162  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC] -POW & 3.33% POS | 3 Exchanges | The first POS X11 Anonnymous wallet!! on: May 25, 2014, 12:46:33 AM
Will this become a pure proof of stake coin anytime soon? What is the schedule?

The coin will still have the extended POW but the # of coins produced by POW will be greatly reduced moving forward
1163  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC] -POW & 3.33% POS - no IPO| 3 Exchanges | Anonymous Wallet Coming Soon on: May 25, 2014, 12:41:59 AM
Dev and team, you guys rock. Thank you for your awesome work. I hope the tests turn out succesful but I am sure they will Smiley


So far the tests look good



Also I spent a lot of time on the topic of total coins ---- and as I have seen, the multi-pools are all over this coin and due the POS issue, I've decided an adjustment to the POS algo will be included in the update... The original code was supposed to use POS to reduce POW blocks by 50% but it is not working as intended.  So that will be address, to work as originally intended.. which will reduce to the total supply to about 10Million or less coins
1164  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC] -POW & 3.33% POS - no IPO| 3 Exchanges | Anonymous Wallet Coming Soon on: May 25, 2014, 12:36:21 AM
Quote
Excellent! Thank you for your hard work!
In my opinion, XC is earlier than DRK in implementing the annomous feature,
that is very impressive

This is not so much a matter of opinion... rather a matter of historic facts: DarkSend was/is live since Feb (testnet) / March (mainnet).



I am confused, I think DRK is still in the testing (i know they started in Feb, but i think they are still testing and they are trying to implement masternode soon), but XC is almost ready for implement. Please point it out if I am wrong.


our code is already in the linux wallet, so we are already implemented
1165  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC] -POW & 3.33% POS - no IPO| 3 Exchanges | Anonymous Wallet Coming Soon on: May 25, 2014, 12:33:09 AM
once we have confirmation from testers that it actually works. things will take off, plus we need to see the wallet too

this is the TX ID d9ebc7a18e232916db6d4b4cd3154b50fe7117bbcfd916dc08163a798a24b611


tell me the source address ...



teamviewer demo possible
1166  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC] -POW & 3.33% POS - no IPO| 3 Exchanges | Anonymous Wallet Coming Soon on: May 25, 2014, 12:02:23 AM
and it is with great news I'm announcing a successful test on main-net, I have documented the transactions in the blockchain - and I am looking for a small group of testers - please email me at atcsecure@x11coin.org

- only linux compiled binary will be available
- you must be tech savvy
- understand the risk of loosing XC's if something goes wrong
- this is an early alpha release - contains debug code and trace data
- understand how to use block explorer to track/trace transactions

test -TX - d9ebc7a18e232916db6d4b4cd3154b50fe7117bbcfd916dc08163a798a24b611

http://cryptexplorer.com/address/XNr6DmVRke57D12StGMdPVohffP7HR18We


happing mixing!!!
1167  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC] -POW & 3.33% POS - no IPO| 3 Exchanges | Anonymous Wallet Coming Soon on: May 24, 2014, 07:56:14 PM
hey dev, did you used to play Barren Realms Elite on a bunch of dial-in BBS's?
Or it might have been that Solar Realms Elite?


don't recall atm.. but did play a lot of "tradewars" and "the pit"... ah ansi graphics rule...
1168  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC] -POW & 3.33% POS - no IPO| 3 Exchanges | Anonymous Wallet Coming Soon on: May 24, 2014, 07:55:30 PM
I'm in from ~10000 sats, really good to see real pro dev. How about new windows wallet, is it been developed after new linux one? How long later?


The original plan was for windows wallet to be released after the linux wallet, but it is possible we could have a windows wallet released w/ the linux wallet - however all new features would be available through RPC console - and then GUI update will follow shortly there after  - I have not confirmed this yet as I have NOT pulled the latest source w/ x-mode to the windows-qt build environment and compiled yet.. but don't quote me on that (yet)
1169  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC] -POW & 3.33% POS - no IPO| 3 Exchanges | Anonymous Wallet Coming Soon on: May 24, 2014, 06:43:10 PM
Hmm Dan Metcalf is buddies with the Dreamcoin dev?


Please don't spread FUD or blast my name...The team and I are working non-stop for tomorrow's night release, I was a shocked to wakeup- and find my name being posted online with out my consent, but it has happened and I have a wallet to launch...
1170  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC] -POW & 3.33% POS - no IPO| 3 Exchanges | Anonymous Wallet Coming Soon on: May 24, 2014, 04:26:49 PM
My weight is 3591

I unlocked my wallet for staking 3 days ago, but I have not generated any POS on approx 1k coins? Any insight as to why I am not getting any returns is greatly appreciated.

Yes, I am aware of this issue, although your weight is pretty low compared to others, this issue will be address in the release on sunday
1171  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC] -POW & 3.33% POS - no IPO| 3 Exchanges | Anonymous Wallet Coming Soon on: May 24, 2014, 03:42:17 PM
In order to stake we just need to unlock the wallet and leave it open correct?
I know it has to be unlocked, I am not sure about it being open. I never got a clear answer on that one, or I just missed the response.

yes to stake you need to have wallet opened, unlocked and make sure "stake" only is checked (for security) -if your wallet isn't encrypted then you don't need to unlock, however I wouldn't advise that - everybody should their encrypt wallet's

where is the stake only option at?

if your wallet is encrypted, when you hit "unlock" wallet, there is a check box (auto-checked by default) that says stake only - this prevents RPC calls from being able to send coins and keeps your wallet secure while staking

also another thing to review is your X11Coin.conf file for your RPC user name and password, if you are using the defaults you should change to a secure passworrd

also where is the X11coin.conf file? I tried searching in the windows wallet downloaded folder and I cant find it.

under %appdata%/roaming/X11Coin - your wallet is in there, back it up to USB while your taking a look :-)


Thats the first place I looked and there is no .conf file in that directory. Sorry for the question and thanks for answering them. I always backup the wallet on every coin I hold as soon as I open it for the first time.


C:\Users\<yourusername>\AppData\Roaming\X11Coin - this is for windows 7, this is OS dependent

also you can just do a search for wallet.dat or X11Coin.conf in your OS and it will show you
1172  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC] -POW & 3.33% POS - no IPO| 3 Exchanges | Anonymous Wallet Coming Soon on: May 24, 2014, 03:35:46 PM


I wanted to provide some details on the original design and code in regards to POW and POS.  The original intent was that POS would provide a reduction in POW blocks, reducing the total POW mined coins.. as stake weight increases - POW blocks decrease thus reducing daily POW coins..... the concept was that by staking, your protecting your investment and also making POW less profitable by up to 50%... none of the "profit" calculators take this into consideration...  


so for everybody who wants less POW coins - start staking NOW.. coins on exchanges don't stake...but I specifically chose an 8hour stake time so you could pull coins into wallet nightly for staking


BUMP

This is pointless.  Cinni has a higher PoS of 3.5% and they have only minted 12,965 PoS coins in the last 6 weeks (since creation).  So, we are going to rush to staking so we can reduce the supply by around 100,000 coins max at the end of 2 months PoW (rough estimate)?  That won't solve any of the distribution issues.

reward is so huge and dumping come quickly.

we are at crucial stage!

if succeed, we will among top 10; if we get dumped like this, other coins with "ANON" will replace us.

Battbot, please convince dev to work out a constructive plan.

i see a bright future in vision of security/cloud computing/mobility.

but at this stage, we have to make sure deliver X-MODE on time and make decision on  supply mode!

+1


Just to provide some insight, this "anon" or x-mode is just the beginning, and a key part of the "foundation" of which the Blockchain v2.0 stuff will be built upon - and we already have some major upgrades to that "foundation" in the pipeline using advance encryption techniques that will keep this on the cutting edge...   my background includes some very high-level encrypted infrastructure design and deployment... x-mode will be a very valuable encrypted transport mechanism for all sorts of things to come....


1173  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC] -POW & 3.33% POS - no IPO| 3 Exchanges | Anonymous Wallet Coming Soon on: May 24, 2014, 03:30:15 PM
In order to stake we just need to unlock the wallet and leave it open correct?
I know it has to be unlocked, I am not sure about it being open. I never got a clear answer on that one, or I just missed the response.

yes to stake you need to have wallet opened, unlocked and make sure "stake" only is checked (for security) -if your wallet isn't encrypted then you don't need to unlock, however I wouldn't advise that - everybody should their encrypt wallet's

where is the stake only option at?

if your wallet is encrypted, when you hit "unlock" wallet, there is a check box (auto-checked by default) that says stake only - this prevents RPC calls from being able to send coins and keeps your wallet secure while staking

also another thing to review is your X11Coin.conf file for your RPC user name and password, if you are using the defaults you should change to a secure passworrd

also where is the X11coin.conf file? I tried searching in the windows wallet downloaded folder and I cant find it.

under %appdata%/roaming/X11Coin - your wallet is in there, back it up to USB while your taking a look :-)
1174  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC] -POW & 3.33% POS - no IPO| 3 Exchanges | Anonymous Wallet Coming Soon on: May 24, 2014, 03:29:31 PM


I wanted to provide some details on the original design and code in regards to POW and POS.  The original intent was that POS would provide a reduction in POW blocks, reducing the total POW mined coins.. as stake weight increases - POW blocks decrease thus reducing daily POW coins..... the concept was that by staking, your protecting your investment and also making POW less profitable by up to 50%... none of the "profit" calculators take this into consideration...  


so for everybody who wants less POW coins - start staking NOW.. coins on exchanges don't stake...but I specifically chose an 8hour stake time so you could pull coins into wallet nightly for staking


BUMP

This is pointless.  Cinni has a higher PoS of 3.5% and they have only minted 12,965 PoS coins in the last 6 weeks (since creation).  And let's remember that Cinni has had 15m coins staking since day 3.  XC has a far less number of coins staking.  So, we are going to rush to staking so we can reduce the supply by around 100,000 coins max at the end of 2 months PoW (generous estimate)?  That won't solve any of the distribution issues.

Well there a few things to consider, the intent of POS was to reduce POW blocks once it kicked in, Cinni has a 3day minimum stake time, while XC is 8hours, so it is slightly different, but I understand your viewpoint and until I have the hard #'s from the data analytic's, I won't have exact answers, but I can see from the block explorer that we not getting 50% POS blocks currently so that needs to fully vetted and the code adjusted to work as originally designed


I will circle back around to this issue tonight after I review all the data from the blockchain.  I think we can put this issue to rest for now as I have gone through everybody's input on the issue at hand

 
1175  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC] -POW & 3.33% POS - no IPO| 3 Exchanges | Anonymous Wallet Coming Soon on: May 24, 2014, 03:06:40 PM
In order to stake we just need to unlock the wallet and leave it open correct?
I know it has to be unlocked, I am not sure about it being open. I never got a clear answer on that one, or I just missed the response.

yes to stake you need to have wallet opened, unlocked and make sure "stake" only is checked (for security) -if your wallet isn't encrypted then you don't need to unlock, however I wouldn't advise that - everybody should their encrypt wallet's

where is the stake only option at?

if your wallet is encrypted, when you hit "unlock" wallet, there is a check box (auto-checked by default) that says stake only - this prevents RPC calls from being able to send coins and keeps your wallet secure while staking

also another thing to review is your X11Coin.conf file for your RPC user name and password, if you are using the defaults you should change to a secure passworrd
1176  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC] -POW & 3.33% POS - no IPO| 3 Exchanges | Anonymous Wallet Coming Soon on: May 24, 2014, 03:03:32 PM

can somebody put together a top 100 wallet link?

  I am deploying the mainnet infrastructure today for the x-mode feature so I don't have the time at the moment
1177  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC] -POW & 3.33% POS - no IPO| 3 Exchanges | Anonymous Wallet Coming Soon on: May 24, 2014, 02:54:09 PM



On the renaming topic - I've narrowed it down to either just "X" or "XC" - thoughts?
1178  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC] -POW & 3.33% POS - no IPO| 3 Exchanges | Anonymous Wallet Coming Soon on: May 24, 2014, 02:46:33 PM
Probably around 50% of coins will always be tied up in markets.  And there is no way stakes at 3.33% annually will be reducing the total supply of 33.3M more than 1 million coins in two months.  I would be surprised if PoS blocks counted for more than 1 million XC.

Cinni is PoS 3.5% and they have only minted 12,965 PoS coins in the last 6 weeks (since creation).  So, yea, that should give you an estimate.

I'll need to gather the blockchain data since POS kicked to see the exact numbers - if anybody has some free time and can dump the blockchain stats into a CSV (since POS started) file I would appreciate it

1179  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC] -POW & 3.33% POS - no IPO| 3 Exchanges | Anonymous Wallet Coming Soon on: May 24, 2014, 02:41:47 PM
In order to stake we just need to unlock the wallet and leave it open correct?
I know it has to be unlocked, I am not sure about it being open. I never got a clear answer on that one, or I just missed the response.

yes to stake you need to have wallet opened, unlocked and make sure "stake" only is checked (for security) -if your wallet isn't encrypted then you don't need to unlock, however I wouldn't advise that - everybody should their encrypt wallet's
1180  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC] -POW & 3.33% POS - no IPO| 3 Exchanges | Anonymous Wallet Coming Soon on: May 24, 2014, 02:28:14 PM
I have yet to hear one solid argument or reasoning from the camp that proposes nothing be changed to XC's code.  All I hear from this camp are personal insults -- how can they be taken seriously then?  I for one do not take anything they have to say seriously.

Besides insults, they make the argument that "This is the dev's original plan" -- Are you serious?  This is an argument?  Businesses in the real world adapt to meet the demands of competitive markets all the time.  If a potential superior business plan is proposed by one of the team, it would only be ignorance and poor management to not give it serious consideration.  And good businesses listen to the ideas and innovations of their employees.  All of this is the same for any alt coin. 

Other than this, they make the argument that "The coin will be successful no matter what" -- The argument was never that XC would NOT be successful.  I have repeatedly stated that they will be successful if they deliver anon tech. The argument however, is that XC's success and longevity will be optimized if they change the mining phase to either reduce total supply (by reducing PoW mining phase/rewards) or if they extend PoW mining for years (by greatly reducing block rewards).

Again:  The main problem with XC is that 75% of the total coin supply will be minted in a 2 month period AFTER it's biggest selling point has already been delivered.  This is what I am proposing needs to be addressed by either of the options above.

Either the 75% supply # needs to be reduced with a shorter PoW phase, or it can stay the same but have a PoW phase that is extended to years with reduce block rewards.  One of these should happen if you want to protect and ensure the highest chance of longevity for this coin.


We need more data analytic's on the blockchain and current POS/POW blocks...  but I would be interested in getting some details on people who are staking, and their current stake weight stats...
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