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

[VEEGOLD]

Spectreproject Weekly Update
Saturday, September 23rd – Saturday, September 30th

Kind of a slow week in the world of xspec.

Slack numbers - Fifty-six new members joined the Spectreproject Slack channel for the week. Slack also reports there are now 812 people registered.We DO back out the deactivated ones since between myself,@jbg and @spectreproject we keep them pretty well cleaned up  It seems to be subsiding some this past week…..only 18.

Dev Nuts and Bolts - Jbg reports he and Bryce still have their nose to the grindstone on v1.4 and coding it for alpha testing the month of October. Just to remind everyone it’s bringing the client/wallet up to QT5 code. It is a major overhaul but will be well worth it in terms of stability, ease of use and ease of mods by the devs. Testing is ongoing and intense.
Jbg also mentions, he’s been trying to assist users having build problems  for linux versions to determine the problem.

Closing Comments - There is a lot of activity and ideas in the Spectreproject community currently happening. Both new and old members are working hard on ideas for publicity and getting the word out on Spectrecoin.

We only ask that before anything is released to the public that it be vetted for accuracy.

It is amazing the power of people from around the world working together and what they can accomplish.

In closing, here’s some thoughts on cryptocurrency in general and Bitcoin specifically….the dominant player in the world of crypto currency.

It’s still very early in the life of Bitcoin….there are only 16 million of them. Think about 16 million people owning one Bitcoin each. That would be the population of Houston, Texas and Chicago, Illinois owning ALL the bitcoin. A very tiny amount. Instead of each Btc worth less than $5,000 …..it should be far more. But it will take time,  just as it take time for xspec to grow and be a part of the crypto currency eco system.

Please be patient and enjoy the journey…...Spectrecoin will be having it’s first birthday  pretty soon…..many,  if not most coins don’t make it that far.

We’re looking to a celebration with all of you next month, the one year anniversary of the ICO
Launch of the project we know as Spectrecoin.

Have a great week!

               Beachguy

“To succeed in life...... you need two things ignorance and confidence.”   

                                                                                                                                                              -Mark Twain 1835-1910

thanks for the update good days ahead for XSPEC

[1713928462]

1713928462

[vovannovig]

https://themerkle.com/anonymous-crypto-spectrecoin-now-with-tor-obfs4-integration/?utm_medium=push&utm_source=onesignal&utm_campaign=traffic%20boost&utm_content=extended%20%traffic%boost 

[Noruka]

But what is the reason for mixing up all those anonymity technologies? I mean, did you thoroughly think about it and then came to the conclusion that that is the superior anon solution? Or are you just going to do it for fun?

First off, I didn't found this project I'm not exactly sure how mandica came to the idea of doing it this way. I think that doing ring signatures via Tor is a good way to make an anonymous currency, and then again, the actual goal of this project is to have a decentralized system to exchange XSPEC to cash via mobile phones with other people. There needs to be some foundation for that, they could have chosen to base it on Monero or something different, but maybe they found that it's too complicated and too big for this purpose, so they based it on ShadowCash instead. Tor+Ring sigs are a very sleek solution that combines network privacy with transaction privacy. So it does the job well. You could maybe argue whether this is the "best" solution, I don't know. But I don't see anything wrong with it, either.

I think they said that they are planning to integrate all kinds of anon stuff. And then I asked myself whether mixing up those technologies even makes sense or whether that is just done and used as an advertisement slogan. Anonymity has to make sense mathematically, and that's the point where I doubt that they really tried to figure out what the best solution is for the purpose they are trying to pursue.

[vanillagalaxy]

But what is the reason for mixing up all those anonymity technologies? I mean, did you thoroughly think about it and then came to the conclusion that that is the superior anon solution? Or are you just going to do it for fun?

First off, I didn't found this project I'm not exactly sure how mandica came to the idea of doing it this way. I think that doing ring signatures via Tor is a good way to make an anonymous currency, and then again, the actual goal of this project is to have a decentralized system to exchange XSPEC to cash via mobile phones with other people. There needs to be some foundation for that, they could have chosen to base it on Monero or something different, but maybe they found that it's too complicated and too big for this purpose, so they based it on ShadowCash instead. Tor+Ring sigs are a very sleek solution that combines network privacy with transaction privacy. So it does the job well. You could maybe argue whether this is the "best" solution, I don't know. But I don't see anything wrong with it, either.

I think they said that they are planning to integrate all kinds of anon stuff. And then I asked myself whether mixing up those technologies even makes sense or whether that is just done and used as an advertisement slogan. Anonymity has to make sense mathematically, and that's the point where I doubt that they really tried to figure out what the best solution is for the purpose they are trying to pursue.

firstly,can you be more elaborate in which part is making no sense to you ?you seems try to misleading others by using the term of "mixing" here instead of "multi features".

secondly ,can you tell me how to make sense mathermatically? just take the example like dash,zcash or monero and explain please.

[zackie]

Have you seen this? WTF is going on here? Couldn't they find a different name for their shitty, worthess, useless ERC20 token?

https://spectre.ac/

[Beachguy]

Seems not.....these days anybody with a brain fart create a "token" and most do nothing....or nothing of any real value.
That's why coin market cap reports 1152  currencies. Crazy isn't it.
A by-product of ethereum.

It will disappear in the rubbish bin of failed tokens

[EnViRoNmEnT]

Hey guys, my wallet isn syncing completely. It stays at 99.66% since 12 hours now
i have already created a shortcut and rescanned, but nothing happened
Anyone can help pls? Thank you

Can anyone please help me on this? I dont get it, tried different things but i dont get it to work properly....

[Gandalf86]

Hey guys, my wallet isn syncing completely. It stays at 99.66% since 12 hours now
i have already created a shortcut and rescanned, but nothing happened
Anyone can help pls? Thank you

Can anyone please help me on this? I dont get it, tried different things but i dont get it to work properly....

Join the Slack and share your debug.log in #support_client.

[Gandalf86]

I think they said that they are planning to integrate all kinds of anon stuff. And then I asked myself whether mixing up those technologies even makes sense or whether that is just done and used as an advertisement slogan. Anonymity has to make sense mathematically, and that's the point where I doubt that they really tried to figure out what the best solution is for the purpose they are trying to pursue.

Could you give more details about which "all kinds of anon stuff" you mean? This project combines 2 technologies, Tor and Ring signatures. Nothing more. OBFS4 is an obfuscator to hide the Tor traffic in countries (or corporate networks) which are blocking Tor. The mid-term plan is to migrate to using ring signatures by default and using RS tokens for PoS.

[Gandalf86]

Everybody here join our new subreddit on Reddit.com!   https://www.reddit.com/r/XSPEC/

[EnViRoNmEnT]

Hey guys, my wallet isn syncing completely. It stays at 99.66% since 12 hours now
i have already created a shortcut and rescanned, but nothing happened
Anyone can help pls? Thank you

Can anyone please help me on this? I dont get it, tried different things but i dont get it to work properly....

Join the Slack and share your debug.log in #support_client.

Oki already joined the slack and asked for help. Thank you very much for your help

[Smashman]

The weekly update was a nice information of whats going on right now. Everything looks promissing to me.

[PT92]

The weekly update was a nice information of whats going on right now. Everything looks promissing to me.

Fully agreed, honestly this project is about to take off. Just look at the coming updates, which will really distinct spectre from any other coin. Can't wait for the app in januari!

[Smashman]

The weekly update was a nice information of whats going on right now. Everything looks promissing to me.

Fully agreed, honestly this project is about to take off. Just look at the coming updates, which will really distinct spectre from any other coin. Can't wait for the app in januari!

True words. This coin is very unique.

[22justin]

is there a staking calculator somewhere ?

and can someone explain how I stake the coins? Do I just transfer them to the wallet and leave the wallet running and it will stake automatically?

[Bitman86]

Wallet: Optimal settings for Staking

To divide, in 10 directions, the total funds in our wallet,
is the number of addresses with the best results when staking.

This conclusion is obtained after testing for two months, with two PCs,
one with Windows 7 and other with Windows 10.

At the beginning you notice a very big difference,
without dividing it can take two months to regularize the flow, of staking funds.
But with funds divided into 10 addresses, the initial momentum is very short,
and may take approximately one week to regularize the flow, of staking funds.

A practical way to do these tests is to create another user on the same device,
so that you have more than one functional wallet on the same device. This is the key.

It is always convenient to divide in 10 or more addresses, the funds that are in a single address,
for reasons of Staking, for reasons of Privacy and for reasons of Availability.

(Special cases ask in Slack. Channel: #staking)

[Gandalf86]

Wallet: Optimal settings for Staking

To divide, in 10 directions, the total funds in our wallet,
is the number of addresses with the best results when staking.

This conclusion is obtained after testing for two months, with two PCs,
one with Windows 7 and other with Windows 10.

At the beginning you notice a very big difference,
without dividing it can take two months to regularize the flow, of staking funds.
But with funds divided into 10 addresses, the initial momentum is very short,
and may take approximately one week to regularize the flow, of staking funds.

A practical way to do these tests is to create another user on the same device,
so that you have more than one functional wallet on the same device. This is the key.

It is always convenient to divide in 10 or more addresses, the funds that are in a single address,
for reasons of Staking, for reasons of Privacy and for reasons of Availability.

(Special cases ask in Slack. Channel: #staking)

I call BS on this. That's not how it works. The reward you get is relative to your total balance, when X is the staking ratio (5% per year), and Y and Z are balances, then X*(Y+Z) = X*Y + X*Z, so it shouldn't make a difference, except when smaller balances would systematically get a higher % per year than bigger balances (which may be the case for some coins, but not Spectre).

Oh and there is no public channel called #staking in the Spectrecoin Slack.

[Bitman86]

is there a staking calculator somewhere ?

and can someone explain how I stake the coins? Do I just transfer them to the wallet and leave the wallet running and it will stake automatically?

You can start here:

https://bitcointalk.org/index.php?topic=1704473.msg19825480#msg19825480

Also ask in Slack.

[Gandalf86]

is there a staking calculator somewhere ?

and can someone explain how I stake the coins? Do I just transfer them to the wallet and leave the wallet running and it will stake automatically?

You can start here:

https://bitcointalk.org/index.php?topic=1704473.msg19825480#msg19825480

Also ask in Slack.

Asking in Slack is always a good idea! 

Additionally, the same question was asked (and answered by me) here on Reddit: https://www.reddit.com/r/XSPEC/comments/74td3n/staking_calculator/

[Bitman86]

Wallet: Optimal settings for Staking

To divide, in 10 directions, the total funds in our wallet,
is the number of addresses with the best results when staking.

This conclusion is obtained after testing for two months, with two PCs,
one with Windows 7 and other with Windows 10.

At the beginning you notice a very big difference,
without dividing it can take two months to regularize the flow, of staking funds.
But with funds divided into 10 addresses, the initial momentum is very short,
and may take approximately one week to regularize the flow, of staking funds.

A practical way to do these tests is to create another user on the same device,
so that you have more than one functional wallet on the same device. This is the key.

It is always convenient to divide in 10 or more addresses, the funds that are in a single address,
for reasons of Staking, for reasons of Privacy and for reasons of Availability.

(Special cases ask in Slack. Channel: #staking)

I call BS on this. That's not how it works. The reward you get is relative to your total balance, when X is the staking ratio (5% per year), and Y and Z are balances, then X*(Y+Z) = X*Y + X*Z, so it shouldn't make a difference, except when smaller balances would systematically get a higher % per year than bigger balances (which may be the case for some coins, but not Spectre).

Oh and there is no public channel called #staking in the Spectrecoin Slack.

1º. Clean your glasses and stop seeing BS.

2º. You can not deny reality. My tests are scientific,
they can be repeated as many times as necessary and will give the same result.
Brief mathematical demonstration:
Calling "y" to a unique address and
calling n1, n2, n3, ..., n10 to the 10 new addresses
If x is a factor to multiply to get Staking.
1. z = x * (y) which reduces to:
1. z = x * (0) when address "y" received staking.
1. z = 0         for ~5 hours.

Now consider the case with 10 addresses.
2. z = x * (n1+n2+n3+, ..., +n10) what happens now when an address receives staking? (n2 for example)
2. z = x * (n1+ 0 +n3+, ...,+n 10) now 9 addresses are still staking.
We see in this case that the process is not interrupted, in addition if it has enough addresses,
the process stabilizes, using only less than 10% of its total capital.

3º. There is the staking channel in Slack,
for now it is private but that does not stop anyone from entering,
just ask: @leobitman.

4º. I have already created the user LeoBitman on reddit and soon I will be there,
to collaborate with the subreddit SpectreCoin,  
looks very interesting:
https://www.reddit.com/r/XSPEC