[ANN]Spectrecoin[XSPEC] TOR+OBFS4, Ring Sig, Stealth!

[Beachguy]

Spectreproject Weekly Update ending Sunday Sept 10,2017

This will be a little shorter than usual since the recent storm conditions in our state of Florida has us (and many,many others) without power. So I’m working from my phone.

First the numbers - Slack reports 33 new members to the Spectreproject since last report. I’ll add the list when power allows.

Developer Nuts & Bolts - V1.3.2 with the zero balance fix AND a Mac wallet release. See announcements for links and details. Next up on @jbg’s agenda is the building of v1.4 that is clean build of the xspec client with a new GUI and much better code base.

@jbg also reports that @brycel is now contracted by @spectreproject and working full time this month. I’m sure you all join me in welcoming them.

Last - Several members here have suggested to me that we should find a way to raise some funds for @jbg to maintain our momentum both for development and marketing/promotion for Spectrcoin….as it becomes attractive to more and more people.

It was suggested that a ready, steady source of funds would be simply donating a small percentage of our respective stake rewards. This seemed like a great painless way for each of us to do something….or not.

This is not begging, badgering or putting the arm on anybody. Simply a suggestion. From now on I’m committing to 100 xspec a week from my staking to go to the Spectreproject.

In closing…..I appreciate everyone’s thoughts in this recent storm...happily, other than a few days of anxiety and what appears to be possibly a long time without electricity we’re fine. The Caribbean Islands and South Florida ravaged by Irma are another matter …..keep those millions of people in your thoughts and prayers.

Until Next Week,

Beachguy

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[Just_Jinn]

How do I get to the Slack?

My balance shows Zero but I am supposed to have 69 coins in there what's happening?

[redectro]

In here 1 % owns 99% , very risky, since the whales can dump and exit any time. BUT ! Bitcoin is the same, 1% owns 97% of coins, and so far, few investors see a problem with it.
Another thing is that, since developers are trying to keep their anonymity (same like Satoshi did), they can leave project any time ...

This coin has a lot of risks included, but high risk - high reward in case its going to be widely adopted and used.
Totaly anonymity - total freedom, no taxes, security and etc.

And to the website, I like its clean, I like its not using javascript and other things that can spoil your location and IP, But I would like to see more informations about the technology, about PoSv3 how many tx/s, how tor and obfs is working, something about team. You know - more informations - more serious its going to look, same applies to exchanges. Spectre needs some good Public Relations!.

[HippiePyro]

In here 1 % owns 99% , very risky, since the whales can dump and exit any time. BUT ! Bitcoin is the same, 1% owns 97% of coins, and so far, few investors see a problem with it.
Another thing is that, since developers are trying to keep their anonymity (same like Satoshi did), they can leave project any time ...

This coin has a lot of risks included, but high risk - high reward in case its going to be widely adopted and used.
Totaly anonymity - total freedom, no taxes, security and etc.

And to the website, I like its clean, I like its not using javascript and other things that can spoil your location and IP, But I would like to see more informations about the technology, about PoSv3 how many tx/s, how tor and obfs is working, something about team. You know - more informations - more serious its going to look, same applies to exchanges. Spectre needs some good Public Relations!.

And without a public face, XSPEC will not be on any major exhange. Bittrex requires verification of devs identify  now.

[srqrebel]

How do I get to the Slack?

https://spectreproject.slack.com

[srqrebel]

Bitter requires verification of devs identify  now.

Wow, not cool.  (I assume you mean Bittrex.)  Probably has to do with government compliance, like KYC rules.

Thank goodness we have Cryptopia.  I really like Cryptopia, and fully expect it to emerge in time as one of the top crypto exchanges worldwide.

[Gandalf86]

In here 1 % owns 99% , very risky, since the whales can dump and exit any time. BUT ! Bitcoin is the same, 1% owns 97% of coins, and so far, few investors see a problem with it.

That's nonsense, look: https://chainz.cryptoid.info/xspec/#!rich It's a completely normal distribution.

Another thing is that, since developers are trying to keep their anonymity (same like Satoshi did), they can leave project any time ...

Devs can also leave if their name is known. History has shown that they can. There are no obligations to any person to do development work on an open source project.

And to the website, I like its clean, I like its not using javascript and other things that can spoil your location and IP, But I would like to see more informations about the technology, about PoSv3 how many tx/s, how tor and obfs is working, something about team. You know - more informations - more serious its going to look, same applies to exchanges. Spectre needs some good Public Relations!.

Good point, you're not the first who said that. But do you think this is more important than fixing the zero balance bug? More important than fixing wallet crashes? More important than getting a MacOS wallet? It's all done by JBG, and it has low priority right now, so it will be done at a later point.

[HippiePyro]

Bitter requires verification of devs identify  now.

Wow, not cool.  (I assume you mean Bittrex.)  Probably has to do with government compliance, like KYC rules.

Thank goodness we have Cryptopia.  I really like Cryptopia, and fully expect it to emerge in time as one of the top crypto exchanges worldwide.

Yes, my autocorrect always changes that. I fixed it now. I also checked Poliniex, it's the same as well. Kraken almost certainly the same too.
 Binance, shapeshift, and maybe bitfinex would list without dev identity verification, since they are active in bct and slack.  
But as Gandalf has said, there are still major improvements before the PR. And JBG is coding solo for now sooooo.... now is a great time to stock up!

[cryptohunter]

In here 1 % owns 99% , very risky, since the whales can dump and exit any time. BUT ! Bitcoin is the same, 1% owns 97% of coins, and so far, few investors see a problem with it.

That's nonsense, look: https://chainz.cryptoid.info/xspec/#!rich It's a completely normal distribution.

Another thing is that, since developers are trying to keep their anonymity (same like Satoshi did), they can leave project any time ...

Devs can also leave if their name is known. History has shown that they can. There are no obligations to any person to do development work on an open source project.

And to the website, I like its clean, I like its not using javascript and other things that can spoil your location and IP, But I would like to see more informations about the technology, about PoSv3 how many tx/s, how tor and obfs is working, something about team. You know - more informations - more serious its going to look, same applies to exchanges. Spectre needs some good Public Relations!.

Good point, you're not the first who said that. But do you think this is more important than fixing the zero balance bug? More important than fixing wallet crashes? More important than getting a MacOS wallet? It's all done by JBG, and it has low priority right now, so it will be done at a later point.

Very misleading as you know using a rich list is a joke to prove anything. Whales still could own 99% but break down into smaller wallets
Just misrepresenting that information is very telling on the motives here by those whales that were in on the ico.

[Noruka]

How much did they overall collect during the ICO?

[HippiePyro]

How much did they overall collect during the ICO?

I think only like $20,000 USD. https://icostats.com/roi-since-ico has the ICO price as $0.001 × 20M coins.

[Bitman86]

How much did they overall collect during the ICO?

I think only like $20,000 USD. https://icostats.com/roi-since-ico has the ICO price as $0.001 × 20M coins.

Comparing then it was collected 20,000 times more than in the ICO of Bitcoin, and now Bitcoin very healthy.
I'm detecting here some whales, wanting to lower the price to buy cheaper. It is licit but unethical.
This harms the whole community, because it reduces the possibility of financing the project,
and also generates distrust without necessity.

[Gandalf86]

How much did they overall collect during the ICO?

See here: http://coinwiki.info/en/SpectreCoin#History

[zackie]

Could someone please help me with the Spectre signature? Beachguy has a signature I'd like to have too, but I'm unable to get it to work. He sent the signature to me
via PM but without using the "insert code" button. I checked the source code and tried with copy&paste, but the results were only garbage.
I really like this coin and would like to support it beyond bying it. Can someone help please?

Beste regards,
Zackie

[HippiePyro]

I don't think you can have the same as beachguy because he has legendary status, which gives you more space for your sig.
The original signature can be found here in the old ANN thread. You will have to change the link inside tho to the new one. I changed some text for mine as well.
https://bitcointalk.org/index.php?topic=1704473.0

[zackie]

Thanks for the hint HippiePyro! That's something I can work with. I'll do the adjustments later.

[christwaston]

I will participate on your bounty campaign if i am qualified. For now, Let me watch this thread for more updates. Thank you

[EnViRoNmEnT]

Leaving a device connected 24/7 is risky

This is not the first time I have seen this claim, with regard to staking.  Can someone please explain the reasoning behind this?

Because, even if there is risk associated with having a wallet open for staking (despite it being password protected against hacking), that risk is present any time the wallet is open for staking, even if just part time.  While I understand that the less time a device is connected and a wallet is staking, the lower the risk, I also understand that the reward is likewise lower.

So, what really matters is the risk to reward ratio.  Does that ratio increase when the wallet is left open for staking 24/7, and if so, how?

Can anybody answer to that please? I am also really interested in that.. cause i am thinking about buying an homeserver for staking several coins...
thank you

[Seosamh]

Hi guys, just wanted to drop in and introduce myself.  New to the forums but not super-new to crypto.  Keeping an eye on XSPEC and holding a little bit.  Like some others have mentioned, I'm a bit concerned about how top-heavy the coin distribution might be but at the same time I really like the tech behind XSPEC as well as the niche it has carved out among other privacy coins.  I am looking forward to new updates over the coming months!

[anasso]

hey how can i participate in your bounty compaign?