Now let's hope the history repeats itself from 2 months ago. If so, in 12 days it will be back to 0.02

Still a good opportunity to buy some if you can afford it. Should be heading for LTC parity anyway in the coming days...

So by reading the timestamps in the reddit thread, the block explorer was active for around an hour then taken down? Hard to verify anything within an hour. What's the use of it if it was just active for an hour or perhaps not even up at all since everyone complains in that thread that it didn't work.

Can I download the wallet software used in the video? No, it's been provided only to "trusted" xc community members
Can I use that wallet software with my own coins? No, only on testnet according to the video.
Can I use the block explorer you've linked to? No, it's down.

Let me guess the outcome. "Trusted" community members are going to conclude that the implementation works remarkably well, followed by a bunch of screenshots, tweets and blog posts. Regular Joe however won't get access to any instructions or wallet to verify that himself.

So to prove that this is sketchy let's take evtrmm's screenshot as reference:


launch wallet in testnet
> qtx11coin-qt.exe -testnet

launch debug window after syncing

type

> gettransaction f7fabf4bad77f39ecf833cf4b45eb371d41bf57f49c3ef05113ebf2f268ce73a

it's going to list the transaction info in json

{
  "txid": "f7fabf4bad77f39ecf833cf4b45eb371d41bf57f49c3ef05113ebf2f268ce73a",
  "version": 1,
  "time": 1401474653,
  "locktime": 0,
  "vin": [
    {
      "txid": "d9b24d42f453c360ca48a81903f870eebaacf7e1e8250c10a58b67ea6a39ed5d",
      "vout": 0,
      "scriptSig": {
        "asm": "3046022100bad59b019c4c608b035f1981ee77f2412f897358a505e298754178995518225f02210 0b5d9f86172846052ebd6e554fb5eb66b08ea3ca38a6dac5be6f991adf0a5590501 02b63c16b0e918c690c218494511866c560ba66ed227199334ccac9534e3740706",
        "hex": "493046022100bad59b019c4c608b035f1981ee77f2412f897358a505e298754178995518225f022 100b5d9f86172846052ebd6e554fb5eb66b08ea3ca38a6dac5be6f991adf0a55905012102b63c16 b0e918c690c218494511866c560ba66ed227199334ccac9534e3740706"
      },
      "sequence": 4294967295
    }
  ],
  "vout": [
    {
      "value": 789.170554,
      "n": 0,
      "scriptPubKey": {
        "asm": "OP_DUP OP_HASH160 b0921e5ffc3ff824b3e572af580e7e7cc7ee5d9a OP_EQUALVERIFY OP_CHECKSIG",
        "hex": "76a914b0921e5ffc3ff824b3e572af580e7e7cc7ee5d9a88ac",
        "reqSigs": 1,
        "type": "pubkeyhash",
        "addresses": [
          "mwcaGKQNeJGuaan2m1YQHfSoYJQV3ykiu5"
        ]
      }
    },
    {
      "value": 10.508227,
      "n": 1,
      "scriptPubKey": {
        "asm": "OP_DUP OP_HASH160 56c688c361d217cb62729f4d5131ce0e712cf2b6 OP_EQUALVERIFY OP_CHECKSIG",
        "hex": "76a91456c688c361d217cb62729f4d5131ce0e712cf2b688ac",
        "reqSigs": 1,
        "type": "pubkeyhash",
        "addresses": [
          "moRnEx9drbUXfzmpWUTj2woMkv1mSTbAYD"
        ]
      }
    }
  ],
  "blockhash": "000004f7a1466d9d84b7a9c4ff76b5f02cb4dc1474070ba8c5159e8ea64ebdf1",
  "confirmations": 75,
  "txntime": 1401474619
}

As you can see you can clearly see the values and addresses, so all the wallet does is replacing the sent from text field as 'unknown' in the GUI ... genius really.
With a proper block explorer one could hop around, otherwise it's inconvinient so most people won't even verify it in the wallet.

Do you seriously believe you need a "contractor" (how silly it sounds in this context) so that you can build on top of that your own implementation? It's money that is at stake, you need to control and understand the whole stack, you don't need anyone to do the ground work for you, if you do you are not capable of doing the rest yourself.
After all you want to be the first anonymous coin. With such a bold goal you should be able more than enough experienced to do everything yourself. No need for a "contractor".

Honestly it's already busted. Scam coin in the making.

http://www.reddit.com/r/XCofficialreddit/comments/26uf4g/dev_update_290514/churhky

You would think that a capable developer, who claims to implement such cutting edge features, as a decentralized anonymous transactions would not need to buy a coin.
A normal developer would fork an existing coin and start from there, at least this gives you ways to familiarize yourself with the codebase on the way along. The XC coin developer doesn't even know how to use Git (or uses it deliberately to hide things), there's no history of his commits, no information where the repository was forked from, etc. It's not surprising since he wants to hide the fact that the coin was bought which is embarassing so he pushes a new repository everytime there's a change. This makes it also difficult to see what changes (or any) been commited at all. So far there's zero code responsible for any anonymous transactions in the codebase. It's been three weeks since he bought the coin, if he was making any progress we would have seen some evidence in the repository.

What's worse is that things like Zerocoin are a year in the making and still not yet ready, these things are extremely difficult, but a guy who bought an entire coin claims to finish things which are competetive in a few weeks time. Such world class developer would not need to buy a coin implementation, why waste precious bitcoins. It's ridiciolous.

All the announcements like the peer reviews and his explainations were extremely vague and disappointing to say the least. Heck, there's no white paper, no outline whatsoever how his implementation is supposed to work. "It works" it's what we keep hearing.

"Anon" is hot these days, so no doubt that his 0.7 BTC investment in buying the coin implementation is going to pay off once he runs with the premine stash. That's the only loglcal conclusion from all this mess. Building hype is easy, delivering is hard. So far we've only seen hype and nothing else.

So I am pasting this here since a legitimate question such as this cannot be asked in the XC thread and got immediatelly deleted by the moderators.

Here's a recent statement by the XC developer. https://bitcointalk.org/index.php?topic=630547.msg7027543#msg7027543


Why was the initial statement about working anonymous transactions and xnodes changed from three weeks time to "Those pieces will slowly come together over the next several months".

Wasn't the excitement about the coin and big price surge mainly due to the fact that the implementation was supposed to be in an advanced state already and ready to be released in just a few weeks?

Isn't the sudden change of the timeframe admitting to lying to the community and inverstors about the state the coin is?

I guess this explains why the github repository has been deleted 3 times already. Every time there's an update pushed it's created from scratch. It's done to remove all commit history so it doesn't show the creators. So embarassing.

https://github.com/atcsecure/X11COIN

All you need is an encrypted wallet.dat with a reasonably long password. Doesn't matter if they copy it, they won't be able to decrypt it. In the case of the guy who lost his coins, he had left his password in bash history. The point is that he lost his coins the way people lose Bitcoins, there was nothing specific to masternodes.

I see similarities. Should have renamed XC to PandaCoin X11. Coincidentally the number woud perfectly reflect the 11th iteration of PandaCoin as there have been so many.

The thread was created to funnel xc discussions from the drk thread and drk discussions from the xc thread. No surprise it results in a lot of bashing.

All it takes to witness the professionalism and expertise of the "peer reviewer" of the code is to take a glance on his main page and read a few paragraphs.
http://cryptopump.info/
If that's a trusted and respectable source that can do such judgments as declaring anything secure then I am madonna. I won't even mention the article and conclusion of the review, because that has to be the vaguest thing I have read in a long time.

With a premine IPO one could at least expect that those funds get spent properly. Guess not.

You are lucky to have cloned the source of the wallet, as it seems it's been entirely removed now and is not accessible.

The community manager is named Dan... The developer is supposedly named Dan too... Coincidence?

So I was going to setup the X11Coin wallet on my linux box, I go visit the github repo and what I see? Entire repository was deleted. Can't get the source of the wallet.

https://github.com/atcsecure/X11COIN

Either dev has problems with using a DVCS or I don't know...

So dev is citing publicly available sources claiming that it's him. Ok... But there's no need to defend accusations...
All it takes is to publish the source code as he promised, otherwise It's nothing but marketing gimmicks.

Seems like people know the devs' entire biography by heart. Cute. For all we know the dev could be Wolong unless there's real proof.

So why is there no wallet available with the centralized mixing service? I understand that decentralization is still only in the plans via XNodes. Having at least part of the implementation available to testing would be a godsend.

Seems to be common knowledge who the developer is. Wouldn't it be good publicity to do an interview with him or something? So how come I can't find him mentioning anywhere his identity?

Can you link me a post, thread or twitter message or anything where the dev is revealing his identity?

You are correct, but people put faith in currencies like BTC because they are established, well known and more importantly have been around for a long time. Had the developer been working on the coin longer than 3 weeks this would have reasurred me and many others that thing is legit. There's no indication of it though in the repository, though. I'd like to be proven wrong.

What I am worried is that as of today the coin is realistically speaking no different than the other PoS coins we've had in the recent months. Yes, planned functionality sets it apart, but it's just planned functionality without a concrete backing.