I'm sorry I totally disagree with this. It's totally normal to have both high, mid and even low level explanation of the technology involved here to assure investors. To his credit the dev of XC has posted academic papers on cryptography before in the XC forum, and while I'll admit to being unqualified to review the code, the tone so far seems to be "take my word for it". If you are willing to risk $10K, $100K, $1 million or more on promises from someone you don't know, then you are gambling. I would say there is less than a 5% chance that this dev has managed to miraculously pull out of thin air some solution that nobody else in this entire field has been able to come up with. If it were so simple, then don't you think the researchers at Johns Hopkins University would have been able to do it much sooner?

I've posted this in other forums before, http://blog.cryptographyengineering.com/2013/04/zerocoin-making-bitcoin-anonymous.html

As you can see in this article, one of the researchers is writing about his students at Johns Hopkins university who researched the technology behind Zerocoin. They are still developing it. Here's a quote,

"In this post I'm going to describe a new piece of research out of my lab at Johns Hopkins that provides one potential solution to this problem. This is joint work led by my hardworking students Ian Miers and Christina Garman, along with my colleague Avi Rubin. Our proposal is called Zerocoin, and we'll be presenting it at this year's IEEE S&P."

Here is Ian Miers twitter: https://twitter.com/secparam. He regularly discusses these new coins that claim to have anonymous solutions. He claims Zerocash will be superior to Darksend and compares Darksend to a coin mixer. I'm excited about Darksend, however, but the point is that the dev of XC claims to have a solution that is both more decentralized than Darksend (doesn't require masternodes), and is just as secure. How does that actually work? All I've heard so far are Xtunnels and Xnodes. I'm sorry but that sounds like XBullshit to me.

If graduate students researching this stuff for months and years are still working on getting Zerocash launched in the next few months, it seems unbelievable that a single man (who had to hire loljosh to dev the PoS portion of the coin and possibly more) has single-handedly come up with groundbreaking technology in this field well ahead of schedule.

I'm not saying I couldn't be wrong, but there is a serious lack of transparency here and investors are at great risk in this market that is rife with corruption, false promises and scams. I truly hope that this technology is for real, it would be ground breaking and exciting, but until it has been thoroughly vetted people need to stop hyping it up as if it is already safe to use.

Anonymity is not a toy. People trust their lives to anonymity. It must be fool proof, perfect, impervious to years and decades of future scrutiny and attempts at hacks and manipulation. I would argue that cryptography is the single most complex and difficult art to master in all of academia. It is the art of perfect secrecy, perfect trustlessness, elegant in its design and only the most genius of minds are worthy of such an endeavor. The significance of this undertaking cannot be overestimated.

Yeah that top wallet has got to be cryptsy.

Good read, coins are just trying to ride on Darkcoin's fame by creating false promises...bankcoin,libertycoin,xc..

so far, every time it reappears it's more and more visible, hopefully testing!

Stealth, you are correct in stating that originally crypto was intended to be a trustless and decentralized system, but drk masternodes are another example of relying on some centralization and trusting these nodes to not become "bad actors". This tech is constantly evolving, let us not throw stones in glass houses.  

There is no risk, the trust system is designed to prevent this and other potential attack vectors

It's ok to admit you are scared shitless that XC is already over taking DRK's tech LOL.

What has taken DRK months and still isn't working, XC is already snapping at the heels! And when XC is finished the end product will be far superior... DDOS resistant, truly decentralised, encrypted etc.

Dump all your DRK and buy XC quick imo.

You're wrong.

Lol, a quick scan through your last posts shows school-girl optimism in the DRK thread and trollish criticism in XC.  I wonder if you have a hidden agenda?

Can you please add this to the list of questions.
Thanks

I for one really would like an honest answer from the XC dev to close this once and for all.

The answers have been so vague like he is trying to hide something. "No I didn't pay loljosh for the Xnode code". That's not what we are asking.

Did you pay loljosh 0.7btc to provide you with anything directly or in-directly associated with this coin. Yes or No. If yes, provide details.  

If it was 0.7btc to buy some beer from him, the no worries.

If it was to provide the code base for the coin to work I.e coingen. We as investors have a right To know.

Thank you and look forward to your response.

I don't think you understand what I said. Atcsecure has done all the coding to make the code anonymous. This has been peer reviewed as unique to Xcoin.

I couldn't give a monkeys who did the copy/paste parts to set the coin up to start with. Atcsecure is the one who's put all of his expertise into making it work the way it does on the testnet.

What do you think he's going to say? It's pretty obvious he paid loljosh to set the coin up to get him started. I would imagine he wanted the quickest route to getting started (though he has 2 decades of programming experience, he is likely new to crypto coding).

I think the fact that atcsecure is way further along than DRK was at this point shows this guy can code and has a solution which is fruitful. Hell it's not impossible XC tech could overtake DRK within a month as DRK is still trying to sort out the masternode forking issue.

I don't think so, you takin your role in this game a little to important. if your not happy with whats already communicated go buy another coin. its not like you are a shareholder of a company providing liquidity here. you bought the product cause you speculate on its rise in value. nothing more.

This is already one of the most transparent and communicative coins. find a better one and invest there.

btw, i Think he bought a coin to look who he is up against, whats state of the Art. Perhaps he even took parts of it and build upon. i don't give a shit as long as the new stuff gets delivered.

This is the whole nature of speculation. if their would be a coin with all the best tech 100 % proven to be implemented, birth certificate by the dev and so on, not one single doubter. how you wanne get in cheap and early, the brave get rewarded

I think there is something ironic about people who are wanting a coin to hide your personal financial transactions demanding the dev show his.

Yes i can testify that this is true because i was at the party.