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.
What?? |
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Lastly, whenever I pay someone, I specify that change is sent to an address I've already backed up the private key of. Otherwise, the wallet will create a new address for the change and I'll have to make a new backup of its private key. Always remember this last thing, or you'll lose coins at some point.
What does this mean? When you make a payment, you pay from an address in your wallet. If the amount paid is smaller than the amount held at an address, the remaining amount in the address is sent to a new address called a "change" address. The change address will be created when the transaction is created. Since it's a new address, you won't have a backup of its private key yet. If you make a lot of payments, the next thing you know, you'll have 20 change addresses hanging around in your wallet. If your wallet is lost/corrupted/whatever, you have no backup of the coins held at those change addresses. Therefore when you make a payment, specify that the change is sent to an existing address in your wallet. Use coin control to do so. How-to: http://www.xc-official.com/wallet/Ok I'll look at that thank you. did not know this at all. Does it mean that after a certain amount of transactions withouth Coin control your wallet.dat file will not work anymore when you put it in another computer? No it doesn't. It just means your coins will be in innumerable addresses in your wallet. Your wallet.dat will work fine in any computer you copy it to. The problem is keeping a backup of all the change addresses you'd create. You'll inevitably miss one. And then at some point your wallet.dat will get corrupted, and then either your backed up wallet.dat or your private key backup will be out of date. |
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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. |
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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? |
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hey syn I got a Q, so our wallet weight will increase the longer we have it unlocked. Will it's weight ever stop increasing?
Its weight resets when it generates new coins. Or when you move your coins (because moving is essentially "minting", since a new entry into the ledger (the blockchain) is created). |
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Of course it's bound to happen eventually but I don't think that any of our team members would be comfortable advertising there since it could land us in trouble real quick. You have to remember that our names are out there.
Yup. Why shoot ourselves in the foot? Why support horrible things? We like privacy and freedom. We don't necessarily like what people might do with their freedoms. |
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Lastly, whenever I pay someone, I specify that change is sent to an address I've already backed up the private key of. Otherwise, the wallet will create a new address for the change and I'll have to make a new backup of its private key. Always remember this last thing, or you'll lose coins at some point.
What does this mean? When you make a payment, you pay from an address in your wallet. If the amount paid is smaller than the amount held at an address, the remaining amount in the address is sent to a new address called a "change" address. The change address will be created when the transaction is created. Since it's a new address, you won't have a backup of its private key yet. If you make a lot of payments, the next thing you know, you'll have 20 change addresses hanging around in your wallet. If your wallet is lost/corrupted/whatever, you have no backup of the coins held at those change addresses. Therefore when you make a payment, specify that the change is sent to an existing address in your wallet. Use coin control to do so. How-to: http://www.xc-official.com/wallet/ |
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Noob question.
Can someone let me know how to update the wallet from a previous version. I just installed 2.45 and it's synched but I don't see my balance or previous transactions.
I was using 0.9.1.50 before the update. I have my wallet.dat backed up too.
Not saying this is the right way, or the best way, but I rename the wallet.dat in the new download to something different, then paste in the old wallet.dat. This will make the address in your new updated wallet match your old one. Someone else may have a better method, that's just what I do. I NEVER delete a wallet.dat, whether new or old - ensures I don't make a clumsy mistake  I just leave my wallet.dat alone. New app versions just run using the same wallet file with no problems. However I also always keep a backup of both my wallet.dat and my private keys. Lastly, whenever I pay someone, I specify that change is sent to an address I've already backed up the private key of. Otherwise, the wallet will create a new address for the change and I'll have to make a new backup of its private key. Always remember this last thing, or you'll lose coins at some point. |
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4 minutes is quite fast compared to Darksend. What are the default number of xnodes the transaction is bounced? Will this number be selectable in the future? Or it doesn't matter since is anon either way Good question. Here's a response from Dan: "It's dynamic, so it depends on several variables include inputs, outputs, and # transactions in session." Giving further details would necessitate publishing XC's algorithm, which would be a little early. Open source on a delayed timeline. ;-) But, in short, the app and the network will handle the number of fragments a tx is broken into. And yes, it's very, very anonymous. |
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Have anyone calculated what is the overhead of anonymous transaction compared to non-anonymous, in percentage terms? I'm interested how scalable this would be.
Not that I'm aware. Probably best to wait until Rev 2 is completed though. :-) what is the current status on Rev2? I know its close to being complete but can you give a rough estimate? No. But it'll work the same. It's pretty much bells and whistles left to do. |
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Have anyone calculated what is the overhead of anonymous transaction compared to non-anonymous, in percentage terms? I'm interested how scalable this would be.
Not that I'm aware. Probably best to wait until Rev 2 is completed though. :-) |
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Hi, mate. Thanks for that information but it does not really answer my question. What I wanted to know was if the xnodes were getting paid for processing transactions in any way?
Yes you get transaction fees for running a node. the amount depends on the amount of anon transactions. Hi, mate. Thanks for that information but it does not really answer my question. What I wanted to know was if the xnodes were getting paid for processing transactions in any way? Yes. Thanks. Is the exact formula of payments for the xnodes already known or it's still up for discussion? We're still considering options for tx fees. Higher fees incentivises node owners; lower fees incentivises user adoption of the network and makes it more competitive. We'll start discussing this stuff later though. For now we're getting private transactions nailed down. Lower fees will be beneficial for everybody. Xnodes will be getting paid more with higher turnover. Anyway, thanks a lot for all the replies. I will secure a couple of nodes worth of XC. +1 |
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Hi, mate. Thanks for that information but it does not really answer my question. What I wanted to know was if the xnodes were getting paid for processing transactions in any way?
Yes you get transaction fees for running a node. the amount depends on the amount of anon transactions. Hi, mate. Thanks for that information but it does not really answer my question. What I wanted to know was if the xnodes were getting paid for processing transactions in any way? Yes. Thanks. Is the exact formula of payments for the xnodes already known or it's still up for discussion? We're still considering options for tx fees. Higher fees incentivises node owners; lower fees incentivises user adoption of the network and makes it more competitive. We'll start discussing this stuff later though. For now we're getting private transactions nailed down. |
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Hi, I am considering buying some XC but have not followed the coin in quite a while. Could somebody please brief me what is the benefit of owning an xnode? Thanks a lot!
Hey hey. XC is the leading technology for private transactions. Testing has shown no link on the blockchain between sender and receiver on XC's Rev. 1.5 app: https://bitcointalk.org/index.php?topic=630547.msg7310485#msg7310485The Rev 2.0 app incorporates a world-first: trustless decentralised mixing. Henceforth, transactions can be forwarded by a node without needing to trust the node. There will be substantial bounties offered in the near future for anyone who can provably break XC's anonymity. XC recently added some world-class people to its team, and these people are using their real names and putting their reputations on the line: http://www.xc-official.com/the-xc-team/XC is completely decentralised and not semi-centralised like some competing anon projects. XC makes its code available to the public on a delayed timeline. More info: http://www.xc-official.com/ http://uk.reuters.com/article/2014/07/02/idUKnGNXbb8nSq+1c2+GNW20140702 |
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Does this mean no router settings are necessary to send private transactions anymore?
Routers still need to be properly configured. However only a very small minority of people will have routers that'll cause problems. Just go ahead and use the app, and if you have routing problems, let us know. |
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Announcing the latest version of the XC App: Rev 2.45! Private transactions now only take 4 minutes (instead of 30). This software is beta. Private transaction features are still under testing. However you cannot lose coins on a private transaction. Please back up your wallet.dat before installing, and maintain a backup of your private keys at all times. For help on this, visit the how-to. |
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Looks like it was just a log clean up and updated timer. Nothing update worthy.
But still enough to show work is being done and Dan isn't down the pub getting smashed or something ay. lol Ver 2.45 now online : http://downloads.xc-official.com/release/windows/ changelog: - Updated Code for Private Transaction Times Man those guys work quick! Man, you guys are quick! |
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Fair enough, point taken. My Apologies.
Its hard to be patient when we are getting no info.
Sure, no problem. No offense taken. I'm thinking mostly of yesterday. To give you an idea of what it's like on my side, it's like this: - several new things going on business-wise - can't announce them before they're signed off and ready to go - tech update in progress - can't announce it because we don't want to hype or put undue pressure on good coding. XC must be built properly. - the community wants info on things that are still in-progress - not in a position to give info - the community spirals into uncertainty and helps devalue their own coin as a result. The only solution to this is trust. You've got to trust that no news means we're busy working away productively on the next piece of news. |
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When is some proper PR gonna happen?
It's not all about getting paid-for ads in crypto news blogs.
Can I ask, respectfully, for the community to stop suggesting PR strategies? We have one already. It is driven by tech developments and NOT hype. Yes, we will plug the coin. Yes, the community should do so too, since it's in your interest. You can either decide that the XC team is legit and trust us, or you can buy something else. If you think we're legit, then - be patient when you think we ought to announce something but haven't. - trust us, since you have outsider information and can't see our picture well enough to know why and how we're doing things. But please stop offering outsider opinions. It spreads the false impression that we don't have a plan. Why diminish investor confidence? |
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I've been having my hand at staking here for the past 3 days, nothing yet but I'm remaining optimistic.
I waited about 2 weeks for my first stake. The estimates are very approximate. But hey, it is a lottery after all. To maximise the reliability of payouts, pay your balance to new addresses in your wallet, using 50-500 XC per address. If you need a tutorial, there's a how-to on the website. |
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