It sure would be helpful if there was information located somewhere on how to setup Xmixer! I asked two days ago and still no information available. This cant be good for anyone purchasing the required amount to not be able to find the information needed to accomplish what seems to be a very simple task.
https://bitcointalk.org/index.php?topic=630547.msg8792059#msg8792059read the readme.txt The release date for the Xmixer is tomorrow. How to set one up will become clearer when you no longer have to use a test release. By Rev 3, a how-to guide should be almost unnecessary. |
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Very excited about the revenue potential that Xmixers and web 3.0 could have. Word on the street is theres even more great news tomorrow?? Indeed there is. The finalised Rev 2 will include a "coinjoin killer". There will also be other announcements tomorrow... |
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The link on Twitter is messed up. Yeah Twitter doesn't like apostrophes in hyperlinks. Alas... |
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XC price rise is inevitable, look at the charts, people are buying thats why it keeps rising. I wish I held my 13k buy but I needed some free btc.
Someone obviously got excited and bought a bunch up to 200k earlier.
Before the release we will see 200k I think, I just re-entered at 150k. After the release, it will go big.
if it follows the "normal" crypto rules, we will see a price drop after the release. at least this happend for nearly every major release... buy the rumors, sell the news DRK went from .003 to .02 AFTER release of one of it's revisions. So, not always true. If any coin can break the "normal" crypto rules, it's XC. The last time it got dumped after the news, XC's price had been pumped very rapidly. This time, the rise is more sober and less like a quick pump. So my guess is that the price may well keep on going after our news on Monday. P.S. http://xctalk.com/index.php?/topic/194-finalised-rev-2-privacy-technology/ |
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So who's keen for a bit of info on how Xmixers work?
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Oh well, that means they won't be in the running to create anything innovative. ;-) |
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Yup. Great to see the word going out. Later today we'll release some information on how Xmixers work. |
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Woohoo! Time to earn some XC. |
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I love the fact that no-one sold XC on Mintpal between 7:15 and 15:51. That's 8 hours and 36 minutes of pure buying.
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Anyone got Photoshop skills?
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Somebody put this mountain goat on the moon. |
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In the updated OP it now says 1000XC is the requirement for trustless mixing all the time. Is this final?
1000 XC for xnode do make sense because you will earn XC if run as a xnode. Yup, it's 1000 XC. This amount is still somewhat provisional. Also, if XC's value increases, it's very likely that the required balance will decrease. but why decrease the needed amount? i think 1000 is a good amount and the number of needed coins should be fixed and not changed. i mean what happens when the price increases -> the number of needed coins is decreased. but what happens when the price drops afterwards? will you increase the amount again? i think setting the number to a fixed value is the best solution and won't lead to confused users Changes would not be made often. It would need to increase, say, 20 times its current value before we'd change it. |
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***The XC Daily Update*** 4 days until the finalised Rev 2! - VC Fundamentals has added XC to its research platform! And they will be interviewing Dan. https://twitter.com/VCFundamentals/status/510118490993618946- Teka continues work on the new UI. - In addition to the finalised Rev 2, we'll have several announcements on Monday. It's gonna be a big day.
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btw: If you have coins on Bittrex .... withdraw if you do not plan to sell them shortterm! They stake large numbers
How do we know that? The blockchain tells all, btw: thats why everybody in this crypto world needs a real anon coin, eg: XC;D atm they have at least 75K coins (everybody can prove this) and are staking them! For me ... as an XC believer i just hope a supporter gets those free coins iso a exchange that willl use them to dump at will. Example: https://chainz.cryptoid.info/xc/address.dws?XPousPv2VcrGg7n9VhhuST8fFGQPFYTcVb.htmBefore you ask: Yes, maybe cryptoid.info not label this address as bittrex but if you follow the currect fixed rules about combined inputs/change this is one of bittrex +3K addresses, sorry am still working of graphs to visualize stuff like this for the community. Bittrex is stacking your coins, Cryptsy is stacking your coins, why aren't you? I can't wait to see your blockchain explorer Kimmy. P.S. Nice XChat address. |
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Atm I'm more looking for answers on two questions
If I have a wallet with more then 1K coins, can I somehow isolate those 1K coins from the rest so they can stake? Like the previous version with the xmixer address.
And what kind of revenue will be paid,?
before people start mixing (and reset coinage all the time) they need to get more than just staking, eg over 34xc a year
http://xctalk.com/index.php?/topic/71-xnode-and-the-incentive-to-run-it/Sometime ago i was speaking of this incentive to run a xnode VS staking at 3,33% , i was imagining a system that gradualy increase the possible number of transaction of a xnode mixer based on the reserve balance with a maximal 1000xc by wallet. The example was with 0.01 of fee by transaction perhaps its too much i dont know but the idea behind was to let's small holder of XC to work like a xnode mixer increasing drastically the potential of xnode mixer running. I for one are more than happy to pay a 0.01 fee for a real anon transaction, even more if needed. If we look at those numbers in fiat its to cheap to even think about it. Even a retailer can offer to pay the anon fee for its customers and will still smile if he compares those numbers with fiat transactions And for privacy perhaps using multiple degree of privacy each with a cost like "Simple degree of privacy normal fee but quick" , "Intermediate degree of privacy fee increased like .001" and "Maximal privacy fee increased like 0.01 but slow".
But i always think that XC must be used all the time with this privacy system at some degree , if you want no privacy you can use BTC.
BTC>Credit card XC>Cash. Yeah those ideas are great. I like the effect they'll have. While they won't be implemented on Monday, there's good reason to think through their consequences. Your suggestion looks a little like the reputation-based idea that XC had before Dan invented trustless mixing. Nodes would need to stick around and earn their rep before being able to process lots of transactions. My main concern with it would be that it might be inelegant. It adds a lot of complexity - and it's complexity of a non-necessary kind - to add a whole reputation/age/transaction-counting system to things. It'll most likely be hackable unless it's as secure as the Bitcoin protocol, so inelegance would have a high cost. On the other hand, I like its decentralising effect, and its ability to empower small holders. |
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So when this REV2 is release we will be getting paid For our Xnodes now/X mixer whatever were calling it
Hello I was wondering if for the xnode you will need it to run in a single wallet with 1000 xc or can you have multiple xnodes in a single wallet putting 1000 xc in different addresses? Yes nodes with a dedicated address containing 1000 XC will receive revenue for trustlessly forwarding transactions. You can run as many wallets as you like. You'd need a virtualisation environment to do this on a single computer. Do the wallets still need separate public IP or just different VM and single IP is fine? Yes they still do. Run them all over TOR. Oh boy... I think I will need some more bandwidth. Might get some VM from azure or amazon or something... Heh. Bring on the tx revenue! Any chance Dan can make it so that say you have multiple input/address that adds to up more than 1000 XC to act as a xmixer rather than separate wallets? Say you have 50k in a wallet, then it acts like 50 Xmixers rather than needing to run 50 separate wallets?? I doubt that'll be a good idea in terms of the blockchain. It's not a good idea to run multiple copies of your wallet.dat and then spend from both. You can corrupt the wallet.dat. Xmixers will be continually receiving and sending fragments. Imagine how much higher the chances of corrupting your wallet would be with that! In any case, having several wallets, each with a smaller balance, is more secure. If I had 50k I'd certainly spread them around a bit. :-) But... The need to run like 100 to 200 or more wallets... Omg... The number of VM that's needed is insane. I am just saying if you have inputs that are 1000 XC that it's automatically treated as one xmixer since the mixing is based on UTXO unspent output anyway. Indeed, that amount of VM would be hectic. I wonder if this will be possible... mixing involves continually creating new addresses that fragments are paid to/from, and so the inputs/outputs are multiple and not just a single 1000 XC address. Conceivably a mixer could get more transactions simply by having more coins available for mixing... and also more network speed, processing power, etc. Perhaps a single mixer could have 50k in it and be on a big server somewhere and thereby generate more revenue. However, I think this would centralise the network dangerously. On the other hand, I'm all for incentivising nodes to perform better. Quicker service, or fewer issues, etc. might be pretty important in a web 3.0/blockchain 2.0 scenario. Atm I'm more looking for answers on two questions If I have a wallet with more then 1K coins, can I somehow isolate those 1K coins from the rest so they can stake? Like the previous version with the xmixer address. And what kind of revenue will be paid,? before people start mixing (and reset coinage all the time) they need to get more than just staking, eg over 34xc a year At the moment, since your 1000 XC will be fragmenting and moving from address to address all the time, you won't be able to isolate your other balances from the coins you use for mixing. So you'll need to keep a personal wallet.dat, and a separate wallet.dat for a mixing node. You're right that coin-age will reset all the time, and so you won't stake your 1000 XC. It will be more profitable to use your 1000 XC to trustlessly forward transactions. I don't have figures on what the revenues will be at this stage. We'll release those details soon. |
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