Thank you for the update synechist, what may help is having a laymen explanation of all the amazing features of XC.
I have a feeling that for a lot of investors English is not their first language, also we have a lot of new investors who are trying to get a grip of all the terminology.
It would help to have a definition for each item.
multipath is .... splitting transactions into fragments so that nobody can tell how much you send or receive from a given party. multinode is ..... sending transaction fragments to multiple other nodes instead of sending all the fragments to just one node. This prevents someone adding up the fragments and then identifying which address the node forwarded this amount to. mixing is ..... when a node receives a fragment it then forwards it onto the next node from a different address to the one it was received from, so that nobody can connect the receipt of coins from the sending onward. trustless mixing is ...... when a node mixes and forwards a transaction without being able to steal the coins. dynamic trust system is .... no longer necessary. It was a way of downrating/banning nodes for bad service. Xnode is .... the XC app. |
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these ppl are keeping asking same questions again and again.
so s*****
Yeah, but it's ok. I don't mind talking. :-) Also I think that when Rev 2 came out two things confused people - it went out on testnet so they thought multipath wasn't implemented - the next two days were full of emotion and there were other major announcements. This meant that the info we gave on Rev 2 got lost in the noise. So I'm happy to just keep supplying the right information until everyone knows the picture. |
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these ppl are keeping asking same questions again and again.
so s*****
Yeah, but it's ok. I don't mind talking. :-) |
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Let me ask a few last questions: we have a multinode anon feature like as DRk? and we have a trustless mixer mixer on top? all fully working?
You have to excuse the confusion as Dan posted the following on the 15th of this month:
The current REV2 test-release will be updated, additional data collected and then the final rev2 will be released
Dan
I'm still confused?
Is it that fully operational multinodes with the 550 XC doesn't come till REV3? As I thought that we were getting the same set up as DRK in REV2 that was due out on the 7/7/14?
*edit: my autocorrect changed multinode to multimode. Multi node multipath means sending fragments to several nodes and not just one. This compounds anonymity. XC is not like DRK. DRK is semi-centralised, meaning that a small number of masternodes exist relative to the number of normal DRK wallets. Every single XC app is an XC node. It's completely decentralised. This is an improvement on the masternode (generic term: supernode) for two reasons: - you don't create supernodes, which are big attractive targets for hackers - you don't doubly incentivise hackers by requiring a large amount of coins be kept at a supernode. The 550XC requirement was for the "dynamic trust" concept for XC nodes. Since nodes are now trustless, we're still working out what the minimum balance will be. For now, you don't need 550XC. Lastly, Rev 2 is multinode multipath trustless mixing. We released that on 7/7/14. The "final Rev 2" isn't any new features, its just the same features improved refined, and well-tested. When we release the final Rev 2 it just means we've started building Rev 3. It doesn't mean we've put any new paradigms into it. And yes, expect a new privacy feature for Rev 3. Thanks synechist. However, I still don't think you understand what we're saying. Nowhere has Dan said or documented that multinode multipath is in the released beta. I think we all agree that decentralized trustless mixing is released and functional on mainnet. I also think that we're all on the same page with regard to the updated xnode requirements. Hmm... well, we promised multipath for Rev 2, and that's what we delivered, and then some. I mean, it goes without saying that it's implemented. On 7/7/14 it went live on testnet, and since then we've been refining it. |
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Let me ask a few last questions: we have a multinode anon feature like as DRk? and we have a trustless mixer mixer on top? all fully working?
You have to excuse the confusion as Dan posted the following on the 15th of this month:
The current REV2 test-release will be updated, additional data collected and then the final rev2 will be released
Dan
I'm still confused?
Is it that fully operational multinodes with the 550 XC doesn't come till REV3? As I thought that we were getting the same set up as DRK in REV2 that was due out on the 7/7/14?
*edit: my autocorrect changed multinode to multimode. Multi node multipath means sending fragments to several nodes and not just one. This compounds anonymity. XC is not like DRK. DRK is semi-centralised, meaning that a small number of masternodes exist relative to the number of normal DRK wallets. Every single XC app is an XC node. It's completely decentralised. This is an improvement on the masternode (generic term: supernode) for two reasons: - you don't create supernodes, which are big attractive targets for hackers - you don't doubly incentivise hackers by requiring a large amount of coins be kept at a supernode. The 550XC requirement was for the "dynamic trust" concept for XC nodes. Since nodes are now trustless, we're still working out what the minimum balance will be. For now, you don't need 550XC. Lastly, Rev 2 is multinode multipath trustless mixing. We released that on 7/7/14. The "final Rev 2" isn't any new features, its just the same features improved refined, and well-tested. When we release the final Rev 2 it just means we've started building Rev 3. It doesn't mean we've put any new paradigms into it. And yes, expect a new privacy feature for Rev 3. Will EM be built into Final Rev 2 Arlyn? EM is a Rev 2.5 release, so don't expect it to be implemented in the final Rev 2. However it's possible it'll be in the final Rev 2 release as a testnet-only or generally "alpha" feature. But this would be a bonus, if it happens. For now we just want to get trustless multinode multipath done and dusted. Once that's done we'll move onto getting secure private messaging looking awesome. |
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Anyway Guys in the PR Team get a hang with yourself in what you are doing and coordinate your News release with Dan and the Dev Team as Since the Release of Rev 2 there is a lot of confusion on where we are at the moment what we need to expect for the future and when.
I'm fully up to speed on the tech developments. I think that what's been happening is that people keep on recycling misinformation instead of reading my replies to them. I've been saying since 7/7/14 that Rev 2 functionality is here. Multipath is implemented and working, and what's more, we put in trustless mixing too. I've been saying since 7/7/14 that you don't have to worry about 550XC for now and that every node is now an Xnode. |
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Let me ask a few last questions: we have a multinode anon feature like as DRk? and we have a trustless mixer mixer on top? all fully working?
You have to excuse the confusion as Dan posted the following on the 15th of this month:
The current REV2 test-release will be updated, additional data collected and then the final rev2 will be released
Dan
I'm still confused?
Is it that fully operational multinodes with the 550 XC doesn't come till REV3? As I thought that we were getting the same set up as DRK in REV2 that was due out on the 7/7/14?
*edit: my autocorrect changed multinode to multimode. Multi node multipath means sending fragments to several nodes and not just one. This compounds anonymity. XC is not like DRK. DRK is semi-centralised, meaning that a small number of masternodes exist relative to the number of normal DRK wallets. Every single XC app is an XC node. It's completely decentralised. This is an improvement on the masternode (generic term: supernode) for two reasons: - you don't create supernodes, which are big attractive targets for hackers - you don't doubly incentivise hackers by requiring a large amount of coins be kept at a supernode. The 550XC requirement was for the "dynamic trust" concept for XC nodes. Since nodes are now trustless, we're still working out what the minimum balance will be. For now, you don't need 550XC. Lastly, Rev 2 is multinode multipath trustless mixing. We released that on 7/7/14. The "final Rev 2" isn't any new features, its just the same features improved refined, and well-tested. When we release the final Rev 2 it just means we've started building Rev 3. It doesn't mean we've put any new paradigms into it. And yes, expect a new privacy feature for Rev 3. |
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I'd like to know when we are getting our fully working Xnode anon system that we were promised, instead we got a mixer?
Hi Leigh We're on Rev 2.45 already. Rev 2 tech has been working since 7/7/14. To explain: - Rev 2 is multipath - Additionally it is multinode multipath, not just fragments sent to a single node for forwarding - Trustless mixing is an improvement upon the "dynamic trust system" that was originally proposed. There's now no need to trust any nodes. - Trustless mixing wasn't going to be a Rev 2 feature, but we included it anyway (under-promise, over-deliver, you know?) - So you got multipath PLUS a trustless mixer. - And, of course, trustless mixing is a world first. So there's no question about waiting for working Xnodes. They've been here for a while. In fact I've replied to you about three times about this already if I'm not mistaken. Sorry if you missed them. |
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Crap haven't seen volume this low is some time. At least its heading in the right direction. Likely calm before the storm. Looking forward to the new roadmap this weekend. Exciting times coming boys!
I've been giving this a fair amount of thought lately, and I would say that one of the biggest reasons for the decrease in volume recently is that there are very few people willing to sell at these "accumulation" prices. The biggest 3 exchanges right now hold less than 20% of total supply from what someone posted earlier. That means that over 80% of the coins are held by people believing XC will have some sort of long term value. If I'm right with this thought process, then once the volume dries up due to the overwhelming majority of people being unwilling to sell, there's only one way for this ship to go. Exciting times ahead I think. +1. I'm certainly holding. And I'm certainly not keeping coins on the internet! |
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Synechist - can you comment on any work the new teams members recently announced are focusing their efforts on currently?
Christian: C++ work on the core code; not sure exactly what though. Rob: working on strategy for social marketing, media buys, etc. as well as copy-editing releases and shaping the conversation around how the brand and public image will evolve. Foundation members: ongoing work on the ATM thing. |
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I must say that this community is awesome. We're getting good at handling offensive people together.
Thank you everyone. What gives XC its value is how it comes across to the world.
And it's through you that people encounter XC.
To the top!
don't get to esotheric about it, I'm all for respect and evo is an idiot but this here doesn't has to turn into an Ashram either  Ha ha. Fair enough. That statement could've come across as a bit fruity. However I also think it's true. There's sound empirical basis for it (so long as "value" is meant "general social value" and not "monetary value"). In fact, since we're in a philosophical mode, I'll venture the opinion that anything is only itself due to how it relates to the everything (including itself). :-) |
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Not that I wanna bring up price, but.... Does anyone have the skills to put together a website that displays the current XC price in a clean, simple format such as www.preev.com?I realize sites like coinmarketcap update the price of all cryptos, but having a site just for XC would be kind of cool at some point too. +1. Great idea. Anyone up for this? |
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I must say that this community is awesome. We're getting good at handling offensive people together.
Thank you everyone. What gives XC its value is how it comes across to the world.
And it's through you that people encounter XC.
To the top!
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It seems like that the only person, who is questioning the central authority, is the main topic. Miserable shits!
I'm not an authority, I'm a facilitator. You've got this all crosswired. What sort of authority do I have? The main topic is how you treat people. |
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@evolution, if youre really part of the community, you wouldnt be talking like a 14year old muppet tough guy behind a computer screen. Why dont you be a little more constructive instead of condescending and disrespectful.
Any concrete arguments against my opinion, mouthful Mr. Bean? i for one do not question or contest your opinion. Just the way you express it is enough for me not to listen. Talk with some maner & respect for the opinion of others, then i will listen to what you have to say +1. Beautifully said. |
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Fortunately it's now clear what sort of person _evolution_ is, and we need not bother to engage further.
But more importantly, I'd say that we shouldn't engage in the way that he does.
He's offensive; let's be respectful, even to him. Otherwise we just let him win.
The last thing I want is his way of treating others infecting my behaviour or my conversations.
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My opinion, among many parity features of XC vs. DRK there is one, 'instamine' that intrinsic to XC, and not intrinsic to DRK. People's psychology does not accept unjust feature such as 'instamine'. You may contradict with 'stake' feature. But to stake coins, one need buy them first, buying is not so psychologically comfortable, as minig on the equipment you already possess.
So I call on Dan to return the mining feature, and let XC be PoW coin again, at least 50% PoW, 50% PoS.
You forget that, for investors, one of the central features of XC is that its money supply is not being continually diluted by mining. So no, we're not bringing back mining. |
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A little odd reaction... You ask respectfully?! You are in the position and obligation to answer respectfully, not to ask. I don't give a fuck about your PR strategies and so on corporation bullshits. That's not the idea of Satoshi Nakamoto in the first place. So please be more respectful.
UPDATE: I don't give a fuck about your investors also, that's not my problem, Mr. fucking Micros$ft-brainfuck. It seems to me that people like you will fuck up this technology, not the community.
What?? Should I translate in Albanian? Where are you from? Kindly engage with respect for other people or wander off elsewhere. This is not how the XC community treats people. Sorry, you are not the XC community. I am. You are part of a company - stop playing mother Teresa. I think you'd be mistaken in assuming that a community is an individual. :-) You'd also be mistaken in assuming that XC is a company. Finally you'd be mistaken in assuming that the community disagrees with me about treating others with respect. Kindly be respectful, or leave. |
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A little odd reaction... You ask respectfully?! You are in the position and obligation to answer respectfully, not to ask. I don't give a fuck about your PR strategies and so on corporation bullshits. That's not the idea of Satoshi Nakamoto in the first place. So please be more respectful.
UPDATE: I don't give a fuck about your investors also, that's not my problem, Mr. fucking Micros$ft-brainfuck. It seems to me that people like you will fuck up this technology, not the community.
What?? Should I translate in Albanian? Where are you from? Kindly engage with respect for other people or wander off elsewhere. This is not how the XC community treats people. |
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just as a test i put 26 xc from cryptsy to my osx wallet. took me 2 minutes and 28 seconds. WAUW! but my walley says; not minting because you dont have mature coins, what does this mean? thx
You need to wait for a certain number of confirmations of the payment on the network before your coins are mature. I can't remember how many, or how long this takes. Anyone here know? and what does mature and minting mean? thx for your awnser mature means how many ticks later a coin will "mature"... some need 50, others much higher or lower... all depends on the coin. Until the set number is reached the coins that were transferred are not "mature". Minting is the process whereby new coins are created in XC. 3.33% more coins are created each year. They're created in the wallets of users who leave their wallets running so that they can "stake". Once coins are created, it's still possible that a different wallet will process transactions in such a way as to leave out the coins you've just earned; this record of the blockchain will compete against yours as different nodes accept either your or the other wallet's version. Whichever version gets the majority wins out and all the nodes have to accept it. For this reason you can't spend coins for a while - until it's certain that your coins are well established in the blockchain. is it true that the more coins i have in my wallet, the more chance i have of earning coins? Yup, because you'll get 3.33% interest on average per annum on however many coins you have. |
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