Bitcoin Forum
May 24, 2024, 05:46:21 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 [99] 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 ... 184 »
1961  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos on: September 17, 2014, 08:37:01 AM


    6
    Let's start today with a little kicker:


Bitcoinmagazine coverage on the Xmixer


http://bitcoinmagazine.com/16419/introducing-xmixer-earn-revenue-xcurrencys-trustless-mixing/




    7
    Boom.


Featured article in BitcoinMagazine on the "CoinJoin killer"!


http://bitcoinmagazine.com/16436/xcurrencys-new-trustless-ad-hoc-mesh-network/





How often do you see altcoin articles on bitcoin magazine?  Roll Eyes

Only when the altcoin in question is seriously shaking things up.
1962  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos on: September 17, 2014, 08:33:10 AM
"The idea behind trustless mesh networks can also help create a completely private internet browser, one which could replace the popular TOR network. Networks such as these are ideally suited to conceal IP addresses, simply because nodes mix content and are not able to discover the nature of the content, and also, the distribution of the network makes it highly resilient to attacks. XCurrency believes that this will serve as an excellent foundation for next-gen concealment of IP addresses. What trustless mesh networks create is an aspect of the internet that an increasing amount of individuals, especially those in the cryptocurrency space, find very important."

Immagine the revenue that the XMIXERS will generate when this will be Implemented and this is just one of the first applications can be built on top of the mesh network


HUGE

Yeah. Traffic could be monetised and it would be Xnodes that collect micropayments for serving it.


1963  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos on: September 17, 2014, 08:15:08 AM


    8
    We're very grateful to Pratico for his generous funding of the following:


Paid PR on PRweb








1964  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos on: September 17, 2014, 08:07:33 AM

    7
    Boom.


Featured article in BitcoinMagazine on the "CoinJoin killer"!


http://bitcoinmagazine.com/16436/xcurrencys-new-trustless-ad-hoc-mesh-network/





BOOOOOOOOOOOOOOOOM ahahhahahahha


Is this part of the paid PPR by Pratico Synech?

No. This is BitcoinMagazine getting the scoop. :-)

Is this the big article you were talking about yesterday?

Yes. :-)


1965  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos on: September 17, 2014, 08:07:13 AM
Morning Arlyn!

There where new comers in the thread where not sure if the coinjoin killer was already implemented or not.

Could you please clarify it is? Thx Wink

Hey hey

Yup, the "CoinJoin killer" is XC's trustless multipath meshnet.

It's what makes truly private transactions possible, and it makes the Xmixer work.


1966  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos on: September 17, 2014, 07:57:52 AM

    7
    Boom.


Featured article in BitcoinMagazine on the "CoinJoin killer"!


http://bitcoinmagazine.com/16436/xcurrencys-new-trustless-ad-hoc-mesh-network/





BOOOOOOOOOOOOOOOOM ahahhahahahha


Is this part of the paid PPR by Pratico Synech?

No. This is BitcoinMagazine getting the scoop. :-)
1967  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos on: September 17, 2014, 07:53:53 AM

    7
    Boom.


Featured article in BitcoinMagazine on the "CoinJoin killer"!






1968  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos on: September 17, 2014, 07:08:06 AM


    6
    Let's start today with a little kicker:


Bitcoinmagazine coverage on the Xmixer




1969  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos on: September 16, 2014, 10:20:35 PM
Hey,

Thanks for the response Smiley. Yeah I've read that doc (multiple times) and basically I just want to know the detailed process of what happens to "private payments". What I need confirming is:

  • "There might not be enough nodes making private payments at a given time, causing transactions to wait or be cancelled". This leads me to believe that ONLY nodes (node being, online wallet client) making private payments at the same time as you (and XMixers) are involved in forwarding the fragments? Or is every node involved? This definitely needs confirming first and foremost.

Yes, if a user isn't sending XC at a given time then his/her Xnode will not participate in a private transaction.
But if a user runs an Xmixer it will be available to participate whenever there aren't enough normal Xnodes for a given transaction.

Quote
  • When you send a private payment, what happens to it? Is it broken down in to smaller fragments (how many exactly, a random number depending on the size of the TX or what?) and sent to other online wallets (whose balances cover the size of the fragment of course I assume).
Yes when you send a private payment, it is broken into fragments, which are each sent to other Xnodes (or Xmixers if necessary).
The algorithm for fragmenting randomises the fragment size and the number of fragments.
The balances of Xnodes mixing a transaction will need to be greater than or equal to the sum of some (not all) other fragments in the transaction.

Quote
Then when a node (online wallet) receives a fragment, what happens there?: [/li][/list]
- Do the coins contained in that fragment get "tumbled" with the wallet balance of the node, or just get forwarded to another node?

Neither actually. The mixing is a lot more sophisticated.
- It's roughly a group_sig transaction as implemented in Coinshuffle. Check that out.
- The transaction is between participating nodes, so each node doesn't act on its own.
- When a node initiates a payment, the fragments it creates aren't necessarily part of the same transaction. Each fragment can be on a completely different mixing transaction.
- The forwarding node doesn't get just the fragment; it gets the whole transaction.
- Therefore it doesn't even know which fragment belongs to who, and how much each fragment is.
- It checks the transaction to make sure it includes its own fragment, signs the transaction, and the whole thing goes ahead.
- If any node doesn't sign, the mesh network resyncs (which happens continually btw) and carries on.

Quote
- When the fragment gets forwarded (from the node) to another node, does one fragment get sent to one node or does each fragment get further broken down in to multiple (how many?) smaller fragments which get sent to multiple (how many) other nodes? Basically, does it only split in to fragments when it comes from the sender, or does each node further split it in to smaller fragments?

Each node making a payment will fragment that payment.
This means nodes forwarding fragments are also making their own payments (in fragments).
There's no way of distinguishing between a node's own fragments and the fragments it's forwarding.


Quote
- How many times does this process happen?
 * Does each fragment pass through a specific number of nodes or a random number until it finds its destination?
 * Is there a minimum number of nodes a fragment has to pass through?

I'm not sure on this point, but I think a single pass is all that's necessary.

Quote
  • XMixer: I'm assuming only large payments get sent through the XMixer (how large does it have to be to go through there? Does this depend on the size of the currently online nodes wallets compared to the TX size? Or is it "anything above [insertsizehere] goes through mixer?) I'm assuming larger payments get sent to the mixer in order to get broken down in to many small fragments for the nodes to handle? Or do transactions large enough for the mixer simply go "sender > Mixer(tumble) > Receiver"?

Small transactions will end up going through an Xmixer if, at a given time, other Xnodes aren't transacting.
The Xnodes themselves do the fragmenting, not just Xmixers.
Xmixers therefore only receive fragments.
This means that Xmixers (and Xnodes when they forward a tx) won't see large transactions as distinct from small ones. It's all the same to them.


Quote
I could go on and on making assumptions and asking questions here mate.

I won't part with my money if I don't understand how the system works.  

If there's some info or a document somewhere I've totally missed please forgive me.

If not, looking forward to hearing how this thing really works.


That's a respectable position, and a low-risk one.

We're going to publish a full scholarly exposition of XC's tech in due course (i.e. probably around Rev 3 when we launch publicly).

Those who think XC is worth investing in now will stand to gain more when it succeeds.



Thanks a lot for this mate and sorry for my late reply.
Would having non-paying nodes forward transactions even be possible?

Sure. Thanks for all the good questions! Quality discourse does everyone a favour.

A non-paying node would have no payment to submit to the mesh, and thus there would be no basis for it to be included in the transaction.

1970  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos on: September 16, 2014, 08:28:44 PM
Hey we're almost on page 1300.

1971  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos on: September 16, 2014, 06:46:44 PM
Two tweets to get BTCChina to add us:

https://twitter.com/mBTCPizpie/status/511753465857847296



And:

https://twitter.com/XCurrency/status/511949182073311232




1972  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos on: September 16, 2014, 06:30:47 PM
can't wait for that press article that was mentioned. Arlyn have you heard from them when we can expect it?

Today?  Smiley

wlecome to all the new faces.

Also, there was some initiative from our chinese guys to approach btc38 yesterday. Any news on that front?

You can expect the PR effort to coincide with Mintpal V2's launch.

All's set to go, and it's gonna be big.

On the topic of Chinese exchanges, let's make our presence felt in this tweet:

https://twitter.com/btcchina/status/511665913511571457

Nick replied about XC and his reply got favourited. Let's go for it!

1973  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos on: September 16, 2014, 04:48:14 PM
So this just happened:

Zach Chester of ZeroValue, the top-performing trader on eToro,* has XC tipped for a bull run!

http://bit.ly/zachxcprotip







*before he left, that is. Check out his profile.



Spread this one far and wide folks:

https://twitter.com/XCurrency/status/511919294473846784


1974  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos on: September 16, 2014, 04:39:01 PM
So this just happened:

Zach Chester of ZeroValue, the top-performing trader on eToro,* has XC tipped for a bull run!

http://bit.ly/zachxcprotip







*before he left, that is. Check out his profile.
1975  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos on: September 16, 2014, 04:09:18 PM
Why is XC frozen at polo??

Seems to be working fine.

1976  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos on: September 16, 2014, 03:52:43 PM


XC  v2.49 RC2 - now available for download, if your running RC1, please upgrade to RC2


http://downloads.xc-official.com/testing/XCurrency_2.49_RC2.exe

bump for awareness

There's now a readme.txt for basic Xmixer setup:

http://downloads.xc-official.com/testing/readme.txt

1977  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos on: September 16, 2014, 03:20:45 PM
Hey,

Thanks for the response Smiley. Yeah I've read that doc (multiple times) and basically I just want to know the detailed process of what happens to "private payments". What I need confirming is:

  • "There might not be enough nodes making private payments at a given time, causing transactions to wait or be cancelled". This leads me to believe that ONLY nodes (node being, online wallet client) making private payments at the same time as you (and XMixers) are involved in forwarding the fragments? Or is every node involved? This definitely needs confirming first and foremost.

Yes, if a user isn't sending XC at a given time then his/her Xnode will not participate in a private transaction.
But if a user runs an Xmixer it will be available to participate whenever there aren't enough normal Xnodes for a given transaction.

Quote
  • When you send a private payment, what happens to it? Is it broken down in to smaller fragments (how many exactly, a random number depending on the size of the TX or what?) and sent to other online wallets (whose balances cover the size of the fragment of course I assume).
Yes when you send a private payment, it is broken into fragments, which are each sent to other Xnodes (or Xmixers if necessary).
The algorithm for fragmenting randomises the fragment size and the number of fragments.
The balances of Xnodes mixing a transaction will need to be greater than or equal to the sum of some (not all) other fragments in the transaction.

Quote
Then when a node (online wallet) receives a fragment, what happens there?: [/li][/list]
- Do the coins contained in that fragment get "tumbled" with the wallet balance of the node, or just get forwarded to another node?

Neither actually. The mixing is a lot more sophisticated.
- It's roughly a group_sig transaction as implemented in Coinshuffle. Check that out.
- The transaction is between participating nodes, so each node doesn't act on its own.
- When a node initiates a payment, the fragments it creates aren't necessarily part of the same transaction. Each fragment can be on a completely different mixing transaction.
- The forwarding node doesn't get just the fragment; it gets the whole transaction.
- Therefore it doesn't even know which fragment belongs to who, and how much each fragment is.
- It checks the transaction to make sure it includes its own fragment, signs the transaction, and the whole thing goes ahead.
- If any node doesn't sign, the mesh network resyncs (which happens continually btw) and carries on.

Quote
- When the fragment gets forwarded (from the node) to another node, does one fragment get sent to one node or does each fragment get further broken down in to multiple (how many?) smaller fragments which get sent to multiple (how many) other nodes? Basically, does it only split in to fragments when it comes from the sender, or does each node further split it in to smaller fragments?

Each node making a payment will fragment that payment.
This means nodes forwarding fragments are also making their own payments (in fragments).
There's no way of distinguishing between a node's own fragments and the fragments it's forwarding.


Quote
- How many times does this process happen?
 * Does each fragment pass through a specific number of nodes or a random number until it finds its destination?
 * Is there a minimum number of nodes a fragment has to pass through?

I'm not sure on this point, but I think a single pass is all that's necessary.

Quote
  • XMixer: I'm assuming only large payments get sent through the XMixer (how large does it have to be to go through there? Does this depend on the size of the currently online nodes wallets compared to the TX size? Or is it "anything above [insertsizehere] goes through mixer?) I'm assuming larger payments get sent to the mixer in order to get broken down in to many small fragments for the nodes to handle? Or do transactions large enough for the mixer simply go "sender > Mixer(tumble) > Receiver"?

Small transactions will end up going through an Xmixer if, at a given time, other Xnodes aren't transacting.
The Xnodes themselves do the fragmenting, not just Xmixers.
Xmixers therefore only receive fragments.
This means that Xmixers (and Xnodes when they forward a tx) won't see large transactions as distinct from small ones. It's all the same to them.


Quote
I could go on and on making assumptions and asking questions here mate.

I won't part with my money if I don't understand how the system works.  

If there's some info or a document somewhere I've totally missed please forgive me.

If not, looking forward to hearing how this thing really works.


That's a respectable position, and a low-risk one.

We're going to publish a full scholarly exposition of XC's tech in due course (i.e. probably around Rev 3 when we launch publicly).

Those who think XC is worth investing in now will stand to gain more when it succeeds.


1978  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos on: September 16, 2014, 02:55:35 PM
Synech don't know if you lost it but Kristov Atlas as well was asking for more info..

https://twitter.com/XCurrency/status/511665384614023168

Edit: I see you ve already replied to Atlas


Just tweeted at him as well: https://twitter.com/XCurrency/status/511885933260865536




Let's retweet and respond to that folks. Make some noise!






1979  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos on: September 16, 2014, 02:32:28 PM
I love the fact that @bitcoinmagazine just favourited this tweet:



https://twitter.com/BitcoinMagazine/status/511698895647551489


1980  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos on: September 16, 2014, 01:58:05 PM
What port does the wallet need to operate? I mean just have connections to the XC network, because I think my school has the port blocked that it needs.

Port 32348.

Check it here: http://www.yougetsignal.com/tools/open-ports/

Pages: « 1 ... 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 [99] 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 ... 184 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!