Spectrecoin has been rising up the ranks in terms of trading volume on Cryptopia. A lot of the trading volume appears to be coming from the Far East and in closely monitoring the slack channel it has become clear that some members of the community, specifically from China, have already highlighted the need and use case for XSPEC given its wallet's ability to hide users' participation in the TOR network and thus enable users within TOR blocked countries (such as China and Iran) to utilise the anonymous network for value transfer purposes. Spectrecoin, as like NEO, uses the energy-efficient Proof of Stake algorithm instead of Proof of Work and given that its current core userbase appears to be from China, this is leading me to speculate that Spectrecoin may well become the next best performing altcoin. Now I must caveat this assumption with the statement that as far as I am aware, Spectrecoin does not have the support of the Chinese Government (for obvious reasons) and so this may be a major hurdle to it being able to outperform NEO. However if we look closely compare the ROI since ICO between the two coins it is clear that Spectrecoin is not very far behind: https://icostats.com/ Furthermore, XSPEC has only 1/5th of the coin supply that NEO has (~1/2 in circulation) and if its core user base currently exists in Asia then surely it is only a matter of time before major exchanges in Asia begin to take notice of this coin. Thus the case for XSPEC potentially becoming the next NEO appears more and more plausible. |
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thread backfired  time to sell your xspec Smart people with proper comprehension skills will understand the value of XSPEC... |
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Wow! Stupidity knows no bounds!  If you can track transactions on the block chain, it doesn't matter if you hide your IP... eventually you'll be tracked down. That's why Monero got the protocol level obfuscation done right first, and adding I2P with Kovri is coming next. The hype doesn't match the reality... Sorry. As sirsplashalot already explained the block chain you are referring to isn't even accurate lol! Furthermore, even if transactions could be traced this doesn't mean that YOU will be traced and eventually identified. However, without IP obfuscation you can be! I give up... Don't say you were not informed... |
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I'm hoping it will be either Raiblocks or Spectrecoin.
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However, transactions are completely anonymous with Spectre because the XSPEC client wallet actually runs on the TOR network whereas Monero requires you to activate a TOR connection and therefore does not hide your participation in the network. Furthermore, this would prevent users from being able to transact in Monero using a TOR connection within TOR blocked countries.
But those transactions aren't 'completely anonymous.' They're traceable. See this screenshot on address Sgxb3cantjzYQYGhAwsNitpFPEkuweDzkw which shows its transactions: http://imgur.com/a/IdOR4The fact that the IP address was hidden via TOR doesn't make Spectrecoin a good alternative because almost any coin can be run over TOR, or a VPN, or Starbucks wifi...but the details of the transaction are still public. IMO Monero is still very undervalued so it's not too late to get in  This is not a 'stealth' address which is what is used to privately hold spectrecoin balances that cannot be traced. If you had a XSPEC wallet you would have known this. I'll repeat myself once again, the 'in' TOR wallet connection means that no one will even know that you are using XSPEC at all whereas the mere requirement of a TOR activation by the likes of Monero and other privacy coins means that you will not being able to transact in Monero using TOR within TOR blocked countries. Trust me, I am a fan of Monero because I am a fan of innovation. This is the same reason why I'm also a fan of Spectrecoin and what they are currently doing to take privacy to the next level. |
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Dude, there’s no real competition between that coin and Monero. If you take a look at the history of Monero then you could see that more people are interested in Monero and are trying to give their insight on how to make the coin a much better system for sending money online. That other coin hasn’t been around long enough to have the credibility that Monero has and I am just giving you my opinion on that though I don’t have any Monero in my portfolio. These coins that just released and trying to become number one is only taking ideas on other projects that are already in development and they are claiming that they are better than them. XSPEC has been around since November 2016 and has one of the best ROI since ICO. See https://icostats.com/Your competition is with Verge - not with Monero. Like yourselves, Verge is another Johnny-come-lately that believes that IP obscuration is all that there is to privacy. You're both wrong, but feel free to pump. Verge has been around since 2014 so I wouldn't call it a Johnny-come-lately. IP obfuscation is fundamental to privacy which is what people who do not live in TOR blocked countries don't understand and where the real use case for privacy coins is uncovered. This is not a pump at all, this is about innovation which is why Monero have been struggling for quite some time to implement this. The other aspects of privacy can always be developed given some time but emphasis should definitely be placed on this aspect of privacy given that this is applicable in the real world. |
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Dude, there’s no real competition between that coin and Monero. If you take a look at the history of Monero then you could see that more people are interested in Monero and are trying to give their insight on how to make the coin a much better system for sending money online. That other coin hasn’t been around long enough to have the credibility that Monero has and I am just giving you my opinion on that though I don’t have any Monero in my portfolio. These coins that just released and trying to become number one is only taking ideas on other projects that are already in development and they are claiming that they are better than them. XSPEC has been around since November 2016 and has one of the best ROI since ICO. See https://icostats.com/ |
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Spectrecoin has a rich list: https://chainz.cryptoid.info/xspec/#!rich (copy this URL since it's leaving off the 'rich' part) Any coin's balance and transactions can be seen on their blockchain. That's not private at all. Hiding the IP address is only one part of being private. Even with Bitcoin an IP address can be hidden via TOR or even just going to the Starbucks' wifi. In order to be private, the blockchain must be private and transactions must be private at the protocol level by default. That's Monero. You can use I2P or TOR with Monero, and soon Monero will have I2P baked in (Kovri). Here's Monero's Rich List: https://moneroblocks.info/richlist I don't want to spoil it but there's a surprise. It's much, much better to just use Monero, and it can be done over TOR and I2P. Here's a comparison of some privacy-centric coins: https://moneroforcash.com/monero-vs-dash-vs-zcash-vs-bitcoinmixers.phpI definitely take your point about the rich list but this could easily be discounted if Spectre users with the largest balances simply just decided to split their balances between multiple addresses. Additionally, this is a feature that could still be rolled out it in an update if the community decided it was important enough to implement. However, transactions are completely anonymous with Spectre because the XSPEC client wallet actually runs on the TOR network whereas Monero requires you to activate a TOR connection and therefore does not hide your participation in the network. Furthermore, this would prevent users from being able to transact in Monero using a TOR connection within TOR blocked countries. Please review the comparison between XMR and XSPEC here: https://twitter.com/harv_w16/status/897133723774316544I agree that Monero is still an awesome privacy coin but it cannot be denied that finally it appears to have a serious competitor. |
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XSPEC is a copy of forknote right? Its anonymity is less than Monero since they have implemented RingCT and now on the horizon is an even better anonymity system. On top of that monero is implementing additional ip obfuscation like tor. So... no.
That's why xspec is only traded on cryptopia. Your dev should have paid for a bittrex listing in the least since he had an ICO..
Sure its a good coin to speculate on but it will never be better than Monero.
This is not correct. It is not a copy of forknote. Spectrecoin have also implemented ring signatures and as I already mentioned XSPEC runs entirely within the TOR network, using OBFS4 to provide connectivity even in countries that actually block Tor. This is obviously something that Monero is not currently capable of doing, hence the reason why they are currently trying to come up with a solution to implement ip obfuscation. The ICO hardly hardly raised any funds due to the very little marketing that the coin has had. The dev chose the path of organic growth instead and clearly this seems to be working... |
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I would say Spectrecoin is worth taking a look at. Definitely has the potential to do very well.
However, make sure you do a deep dive when researching this coin by joining the slack channel and asking questions of the community members about its potential and the unique value proposition being offered by this cryptocurrency.
In all honesty this is something you should be doing with all cryptos you are interested in anyway.
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Monero has stolen the headlines recently as it has been announced that it will be added to the Bithumb exchange in South Korea which boasts the largest trading volume of any exchange in the world at the moment. However, there is a smaller player in town which appears to be far more private than Monero and therefore a serious contender in the race to be the most private coin in cryptocurrency. Riccardo himself has even responded to questions about Spectrecoin and the comparisons that have been drawn with Monero. In summary, XMR provides no network privacy, whereas XSPEC runs entirely within the TOR network, using OBFS4 where necessary to provide connectivity even in countries that actually block Tor (Iran, China, Saudi, etc) Tor is not even optional for XSPEC users, it's actually integrated into the wallet and so the wallet itself, produces a hidden service, and all communication happens within Tor. This is truly groundbreaking and innovation at its best. See the infographic (via twitter) below comparing XSPEC with all of its privacy counterparts: https://twitter.com/harv_w16/status/897133723774316544Currently it is only being traded on Cryptopia and some other smaller exchanges but surely it's only a matter of time before it is added to even larger exchanges as it becomes more widely known throughout the community. Share your comments! |
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How does this coin compare with Spectrecoin?
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Do you want to make a good profit from TRADING or INVESTING?
If you want to invest in coins that have a long term future and a real use case then I would suggest investing in coins such as Bitcoin and Spectrecoin and holding them for the medium to long term.
If you want to trade and make a good profit then in a bull market you could pretty much trade any coin to be honest and do ok. In a bear market however, things could get messy...
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Any update on this chart? |
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Announcement
We've had to stop the faucet payment system, the faucet will go into full maintenance very soon. We appreciate that the system has degraded recently and a key team member has been away - its got to a point where we can't keep it going so it has been decided to pause it for at least 1 week so that we can adjust the system to be more robust. Please remember that the faucet is a massive project, serving millions of captcha's an hour, at one point we calculated that it was 10% of google recaptcha's traffic (in the old days).
As the faucet hasn't gone into maintenance yet @clemahieu will run the payout script once it does to allow the backlog to be paid and then it will pause.
More importantly for the RaiBlocks ecosystem/economy there has been loads of work on improving the wallet - this is vital for success and actually we hope will help the faucet, a more reliable wallet means that people can collect their own xrb rather then rely on online service (the dreaded pools). As has been reported in the newsletter the wallet has made lots of progress, its being extensively tested and will be here soon. While the faucet is in maintenance some of the focus is going to be on getting this release out.
Thanks
RaiBlocks Team
Thanks for the update! |
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Liking this project more and more.... |
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Would you guys consider switching from POW to POS and implementing masternodes?
Potentially also reducing the inflation rate and perhaps adding the coin to other small exchanges such as coinexchange.io or bitgrail?
No we won't be switching to POS or implementing masternodes, its a huge drastic change and usually coins are launched with POS initially. Making a transition at this point is too risky. No worries. Thanks for the quick response. |
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Would you guys consider switching from POW to POS and implementing masternodes?
Potentially also reducing the inflation rate and perhaps adding the coin to other small exchanges such as coinexchange.io or bitgrail?
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