[XSPEC] Spectrecoin | Untraceable Tx | Ring Signatures | Tor Integration

[ekoja]

You all have to vote using the poll otherwise it will not be registered.

Re. devs.
There are 3 devs working now to develop the code. @jbg, @speqtr (Alexander MISHIN), both on Slack but not registered here on Bitcointalk, and @mammix2 (dev of BitcoinPlus, Boostcoin etc.). I (@spectreproject on Slack) and @jbg are the official contacts and spokes persons for the project. @lulworm has taken a hiatus and I am concentrating on PR / contacts at the moment whilst I am recovering from an illness. @jbg will be responsible for the code work and release of v.1.3 and we will all work together to release v.1.4. The mobile apps will come but the core code will need some updates. We have also attracted another dev, @ediston on Slack (not sure if he is here) who will be helping out in due time.

I have also secured some funding and the community has offered some funding, so currently we have the resources and devs needed to bring this project forward.

Expect roadmap updates and website updates post v.1.3.

Thank you

Great to follow the progress and the useful information. Thank you.

[classicneverdies]

cant wait til the new update i´m so excided about that.

[srqrebel]

Just some random thoughts:

Until cryptocurrencies hit critical mass (meaning you can go to the local hardware or grocery store, and they have posted in their front window which cryptocurrencies they accept), cryptos will behave as commodities, their value as denominated in fiat currencies rising and falling on the prevailing sentiment of speculators (a.k.a. bull and bear market cycles).  Nothing wrong with that; just stating the nature of the beast.

The entire cryptocurrency sector is in a bear market right now.  The bear market is still in its early stages, but this may well be approximately the bottom of the initial move down.

I believe this bear market, like most, will last for months, if not a year or more.  Still, in the early stages, bear markets tend to undergo deep plunges, followed by moderate rallies, lesser plunges, and so on until a trough is carved out, and the stage is set for a new bull market.

My take is that we are near the bottom of the steepest plunge now.  There may be even lower dips in the future, but right now is a good time to buy, if you believe in buying low.  There will be a rally after this plunge, and more dips after that.  Just be aware that it will be a while before another sustained bull market cycle comes along, and there may well be opportunities to buy in at even lower prices along the way.

My confidence in this coin as a sleeper coin with outsized potential remains as firm as ever.  Anonymity and untraceability will be the features that will be in highest demand as cryptocurrencies move into the mainstream, and XSPEC has that locked down in spades.

[someiotanow]

I want to say that i really like this coin,but i'm really missing this important feature:
Fully encrypted wallet :
-At the moment everybody who has access to your device can see all your transactions without a need for a password
-monero,bytecoin, zcash etc. have this.

Is it possible to do this?

[Gandalf86]

I want to say that i really like this coin,but i'm really missing this important feature:
Fully encrypted wallet :
-At the moment everybody who has access to your device can see all your transactions without a need for a password
-monero,bytecoin, zcash etc. have this.

Is it possible to do this?

You could maybe make a new Github issue as a feature request: https://github.com/spectrecoin/spectre

I'm sure it is possible and will be implemented when enough people are interested in that. Alternatively you could encrypt your hard disk or put the data directory of the wallet inside an encrypted container.

[Bitman86]

Masternodes =
+1 anonymity level
+ network stability(many full nodes online 24\7)

We already have full wallets running 24/7.
You can make a "masternode" by simply downloading the Spectrecoin wallet,
and participating 24/7 in network operation for staking
and you will earn just over 5% of your amount of coins per year.
In the future will grow the storage capacity and also the internet bandwidth,
quite possibly above the increase in the size of our blockchain.
That is why now, we do not need to formalize Masternodes.

[Bitman86]

In these moments when some speak with doubts, about the permanence of Bitcoin in the long term,
a project with a clear vision to remain totally decentralized, has many chances in the future :
Spectrecoin XSPEC.

[btcdee]

Just some random thoughts:

Until cryptocurrencies hit critical mass (meaning you can go to the local hardware or grocery store, and they have posted in their front window which cryptocurrencies they accept), cryptos will behave as commodities, their value as denominated in fiat currencies rising and falling on the prevailing sentiment of speculators (a.k.a. bull and bear market cycles).  Nothing wrong with that; just stating the nature of the beast.

The entire cryptocurrency sector is in a bear market right now.  The bear market is still in its early stages, but this may well be approximately the bottom of the initial move down.

I believe this bear market, like most, will last for months, if not a year or more.  Still, in the early stages, bear markets tend to undergo deep plunges, followed by moderate rallies, lesser plunges, and so on until a trough is carved out, and the stage is set for a new bull market.

My take is that we are near the bottom of the steepest plunge now.  There may be even lower dips in the future, but right now is a good time to buy, if you believe in buying low.  There will be a rally after this plunge, and more dips after that.  Just be aware that it will be a while before another sustained bull market cycle comes along, and there may well be opportunities to buy in at even lower prices along the way.

My confidence in this coin as a sleeper coin with outsized potential remains as firm as ever.  Anonymity and untraceability will be the features that will be in highest demand as cryptocurrencies move into the mainstream, and XSPEC has that locked down in spades.

Well said!
Many of us have been warned about this looming bear market weeks in advance. I share your sentiment that we are in it's early stages.

[CommunityWhale]

Just some random thoughts:

Until cryptocurrencies hit critical mass (meaning you can go to the local hardware or grocery store, and they have posted in their front window which cryptocurrencies they accept), cryptos will behave as commodities, their value as denominated in fiat currencies rising and falling on the prevailing sentiment of speculators (a.k.a. bull and bear market cycles).  Nothing wrong with that; just stating the nature of the beast.

The entire cryptocurrency sector is in a bear market right now.  The bear market is still in its early stages, but this may well be approximately the bottom of the initial move down.

I believe this bear market, like most, will last for months, if not a year or more.  Still, in the early stages, bear markets tend to undergo deep plunges, followed by moderate rallies, lesser plunges, and so on until a trough is carved out, and the stage is set for a new bull market.

My take is that we are near the bottom of the steepest plunge now.  There may be even lower dips in the future, but right now is a good time to buy, if you believe in buying low.  There will be a rally after this plunge, and more dips after that.  Just be aware that it will be a while before another sustained bull market cycle comes along, and there may well be opportunities to buy in at even lower prices along the way.

My confidence in this coin as a sleeper coin with outsized potential remains as firm as ever.  Anonymity and untraceability will be the features that will be in highest demand as cryptocurrencies move into the mainstream, and XSPEC has that locked down in spades.

Well said!
Many of us have been warned about this looming bear market weeks in advance. I share your sentiment that we are in it's early stages.

I don't know what to say about people who play along with rumors that don't benefit them. A self fulfilling prophesy, this particular "bear market" is. You don't have to play along. You don't have to dump and drop prices and sell low just because people told you you would. This particular self imposed bear market is mass psychosis in my opinion.

[btcdee]

Just some random thoughts:

Until cryptocurrencies hit critical mass (meaning you can go to the local hardware or grocery store, and they have posted in their front window which cryptocurrencies they accept), cryptos will behave as commodities, their value as denominated in fiat currencies rising and falling on the prevailing sentiment of speculators (a.k.a. bull and bear market cycles).  Nothing wrong with that; just stating the nature of the beast.

The entire cryptocurrency sector is in a bear market right now.  The bear market is still in its early stages, but this may well be approximately the bottom of the initial move down.

I believe this bear market, like most, will last for months, if not a year or more.  Still, in the early stages, bear markets tend to undergo deep plunges, followed by moderate rallies, lesser plunges, and so on until a trough is carved out, and the stage is set for a new bull market.

My take is that we are near the bottom of the steepest plunge now.  There may be even lower dips in the future, but right now is a good time to buy, if you believe in buying low.  There will be a rally after this plunge, and more dips after that.  Just be aware that it will be a while before another sustained bull market cycle comes along, and there may well be opportunities to buy in at even lower prices along the way.

My confidence in this coin as a sleeper coin with outsized potential remains as firm as ever.  Anonymity and untraceability will be the features that will be in highest demand as cryptocurrencies move into the mainstream, and XSPEC has that locked down in spades.

Well said!
Many of us have been warned about this looming bear market weeks in advance. I share your sentiment that we are in it's early stages.

I don't know what to say about people who play along with rumors that don't benefit them. A self fulfilling prophesy, this particular "bear market" is. You don't have to play along. You don't have to dump and drop prices and sell low just because people told you you would. This particular self imposed bear market is mass psychosis in my opinion.

I'll be only too happy to be proven wrong. I can see how my wording evoked such a reaction from you... In fact (and at the risk of sounding wishy–washy) I cringe at the thought of sheep-like "investors" who lack a focused strategy and trade on emotion and the suggestions of others. 

[ekoja]

In these moments when some speak with doubts, about the permanence of Bitcoin in the long term,
a project with a clear vision to remain totally decentralized, has many chances in the future :
Spectrecoin XSPEC.

Agreed! Follow up firmly with XSPEC.

[CommunityWhale]

Just some random thoughts:

Until cryptocurrencies hit critical mass (meaning you can go to the local hardware or grocery store, and they have posted in their front window which cryptocurrencies they accept), cryptos will behave as commodities, their value as denominated in fiat currencies rising and falling on the prevailing sentiment of speculators (a.k.a. bull and bear market cycles).  Nothing wrong with that; just stating the nature of the beast.

The entire cryptocurrency sector is in a bear market right now.  The bear market is still in its early stages, but this may well be approximately the bottom of the initial move down.

I believe this bear market, like most, will last for months, if not a year or more.  Still, in the early stages, bear markets tend to undergo deep plunges, followed by moderate rallies, lesser plunges, and so on until a trough is carved out, and the stage is set for a new bull market.

My take is that we are near the bottom of the steepest plunge now.  There may be even lower dips in the future, but right now is a good time to buy, if you believe in buying low.  There will be a rally after this plunge, and more dips after that.  Just be aware that it will be a while before another sustained bull market cycle comes along, and there may well be opportunities to buy in at even lower prices along the way.

My confidence in this coin as a sleeper coin with outsized potential remains as firm as ever.  Anonymity and untraceability will be the features that will be in highest demand as cryptocurrencies move into the mainstream, and XSPEC has that locked down in spades.

Well said!
Many of us have been warned about this looming bear market weeks in advance. I share your sentiment that we are in it's early stages.

I don't know what to say about people who play along with rumors that don't benefit them. A self fulfilling prophesy, this particular "bear market" is. You don't have to play along. You don't have to dump and drop prices and sell low just because people told you you would. This particular self imposed bear market is mass psychosis in my opinion.

I'll be only too happy to be proven wrong. I can see how my wording evoked such a reaction from you... In fact (and at the risk of sounding wishy–washy) I cringe at the thought of sheep-like "investors" who lack a focused strategy and trade on emotion and the suggestions of others. 

I'm not hating on you. I just believe the future is as unpredictable as it is malleable. I think good tech is good tech and the flow of each coin should be considered individually and in timing with its own unique progress. The idea of the market being a singular force(or tied to one) doesn't feel right to me. I hope you're proven wrong too BTC is hanging in there for the moment.

[someiotanow]

I want to say that i really like this coin,but i'm really missing this important feature:
Fully encrypted wallet :
-At the moment everybody who has access to your device can see all your transactions without a need for a password
-monero,bytecoin, zcash etc. have this.

Is it possible to do this?

You could maybe make a new Github issue as a feature request: https://github.com/spectrecoin/spectre

I'm sure it is possible and will be implemented when enough people are interested in that. Alternatively you could encrypt your hard disk or put the data directory of the wallet inside an encrypted container.

Yes of course i could do that, but it it was better if it is fully encrypted by default, when i encrypt my wallet. Why should a coin which is made for anonymity leave out such an easy implementable feature?

[nasibakar]

Niceeeeee, vote for the money bag

https://files.slack.com/files-pri/T2WAG2VRP-F6ACVSVAA/3dmockup.jpg

[Bitman86]

You could maybe make a new Github issue as a feature request: https://github.com/spectrecoin/spectre

I'm sure it is possible and will be implemented when enough people are interested in that. Alternatively you could encrypt your hard disk or put the data directory of the wallet inside an encrypted container.

Yes of course i could do that, but it it was better if it is fully encrypted by default, when i encrypt my wallet. Why should a coin which is made for anonymity leave out such an easy implementable feature?

The subject goes a little by the paranoia, when to stop with the security?
If the answer is, never, then is total paranoia. 
Any increase in security generally involves cumbersome use. 
Most people use their devices in a personal only way, with their username and password.
In principle no one should be able to see, what is in their device.
What you are pointing out is a case of insecurity with your personal device, with or without a wallet.
An example:
A person walks around the city with his wallet in his pocket that has fiat money (paper) and I am sure,
that person will not think that a padlock in his wallet (which he carries in his pocket) will increase security.
Finally if your device can be seen with the wallet open, then the key to open, is just a nuisance for you. 

[spoonyg]

Any updates as to development?

[someiotanow]

is this "Zero Knowledge Proof" thing not all about paranoia? 
i mean is simply mixing and hiding your ip not good enough?
For me personally i don't care if it is that secure,because i'm just an investor who has nothing to hide 
But i think the criminals will feel safer if they know, that the nsa or any other authority can't see what transactions were made if they get their hands on the devices by house searchings for example.

[CommunityWhale]

is this "Zero Knowledge Proof" thing not all about paranoia? 
i mean is simply mixing and hiding your ip not good enough?
For me personally i don't care if it is that secure,because i'm just an investor who has nothing to hide 
But i think the criminals will feel safer if they know, that the nsa or any other authority can't see what transactions were made if they get their hands on the devices by house searchings for example.

I very much disagree with the notion that there are two types of people: Those with "nothing to hide" and "criminals". Privacy is everyone's right. When you support a privacy coin, you are doing a service for everyone, not "criminals" It is criminals, in my opinion, who need to know what you are doing with all of your transactions. Those are the people who think they are magically entitled to a portion of what belongs to you. Thank you for investing in Spectrecoin, but not from a criminal, from a regular guy who values the privacy of all individuals.

[DRPD]

is this "Zero Knowledge Proof" thing not all about paranoia?  
i mean is simply mixing and hiding your ip not good enough?
For me personally i don't care if it is that secure,because i'm just an investor who has nothing to hide  
But i think the criminals will feel safer if they know, that the nsa or any other authority can't see what transactions were made if they get their hands on the devices by house searchings for example.

I very much disagree with the notion that there are two types of people: Those with "nothing to hide" and "criminals". Privacy is everyone's right. When you support a privacy coin, you are doing a service for everyone, not "criminals" It is criminals, in my opinion, who need to know what you are doing with all of your transactions. Those are the people who think they are magically entitled to a portion of what belongs to you. Thank you for investing in Spectrecoin, but not from a criminal, from a regular guy who values the privacy of all individuals.

amen brother this arument is very old and really does not hold up.

there are penty of examples. just think about tor.
afaik the hidden network was made as a method for whistleblowers and human rights workers to communicate with journalists, just to name one example.

Privacy is not only everyone's right it is a fundamental human right recognized in the UN Declaration of Human Rights!

[Bitman86]

is this "Zero Knowledge Proof" thing not all about paranoia?  
i mean is simply mixing and hiding your ip not good enough?
For me personally i don't care if it is that secure,because i'm just an investor who has nothing to hide  
But i think the criminals will feel safer if they know, that the nsa or any other authority can't see what transactions were made if they get their hands on the devices by house searchings for example.

I very much disagree with the notion that there are two types of people: Those with "nothing to hide" and "criminals". Privacy is everyone's right. When you support a privacy coin, you are doing a service for everyone, not "criminals" It is criminals, in my opinion, who need to know what you are doing with all of your transactions. Those are the people who think they are magically entitled to a portion of what belongs to you. Thank you for investing in Spectrecoin, but not from a criminal, from a regular guy who values the privacy of all individuals.

amen brother this arument is very old and really does not hold up.

there are penty of examples. just think about tor.
afaik the hidden network was made as a method for whistleblowers and human rights workers to communicate with journalists, just to name one example.

Privacy is not only everyone's right it is a fundamental human right recognized in the UN Declaration of Human Rights!

From the point of view of the human right to privity, yes, this key is desirable to enter the wallet.
But as I said before, in no way will it protect you,
if you do not protect privacy when you manipulate your device.
No doubt will be included in the next updates.
Can be expected from version 1.4 onwards.
Version 1.3 is ready to go out these days.