📣[ANN]DAVID CHAUM's XX Coin | Join the Referral Sale [Earn Bonus Tokens]🚀

[Murat]

         

[1715079760]

1715079760

[1715079760]

1715079760

[cooltoadfrommoon]

Very Well Designed thread.

I am kinda hesitated to join the token sale. (I may end up join)

1. Token price is too much & why the lock up period over 1 year?
2. Minimum contribution is too much in my opinion, Would love to hear the reason.
3. XX coin calls itself decentralized and quantum-safe, Could you proof that it's quantum-safe?
4. Investors always ask for great returns, is there any plan for big exchanges?
5. If you don't reach $15M, would you extend the sale?

Would love to hear back from team.

[AmoreJaz]

Very Well Designed thread.

I am kinda hesitated to join the token sale. (I may end up join)

1. Token price is too much & why the lock up period over 1 year?
2. Minimum contribution is too much in my opinion, Would love to hear the reason.
3. XX coin calls itself decentralized and quantum-safe, Could you proof that it's quantum-safe?
4. Investors always ask for great returns, is there any plan for big exchanges?
5. If you don't reach $15M, would you extend the sale?

Would love to hear back from team.

your questions are great! esp item #3. interested also how they assess this project as quantum-safe? did they buy at least one quantum computer to test its vulnerability to attacks. very very expensive gadget!
 or they have collab with lab like IBM to test their system's flexibility?

[quantumj]

Protection from quantum computers is more like just a marketing ploy than true.
Or where we can see the results of this testing?

[TakeItEasy]

You talking about serious Privacy protection, even from quantum computers, and require very detailed verification with all personal data (KYC) in order to buy your token...?
Are you okay?

I won’t be surprised if there is a request for scanned documents on the next page. But I will not check this.
Where there is KYC, there is no privacy and security.

[Bowtiesarecool]

Protection from quantum computers is more like just a marketing ploy than true.
Or where we can see the results of this testing?

You're right about the marketing ploy. I was caught up on the QC hype too, hopping from one project to the next, trying to connect all the doomsday scenarios they were painting and how to avoid them in one fell swoop. Then, came across an article that explained it as it really works.

Bad news folks. BTC too is quantum-resistant if you don't reuse the same address. Feels like I've been had

[Murat]

1. Token price is too much & why the lock up period over 1 year?

The lock-up period is for securities regulatory compliance.

2. Minimum contribution is too much in my opinion, Would love to hear the reason.

Due to regulatory compliance and as a result of our initial governance model, contributors must go through KYC/AML verification. This costs money so we need a minimum contribution to account for this. This allows us to create social governance for the initial network that is "one user, one vote" rather than a governance system based on computational power or financial stake. We discuss this and how we keep users private in this environment in our webinars.

3. XX coin calls itself decentralized and quantum-safe, Could you proof that it's quantum-safe?

Yes, we can prove it is quantum-safe. Our consensus and tokens use only to use quantum-secure cryptographic primitives known as pseudorandom functions. These are known to be secure against (though weakened by) quantum computers. We use hash functions as the core primitive in all of our signatures and the security of these functions is based on the inability for any computer (even a quantum computer) to be able to determine the input of a hash function based on its output. By increasing the size of the hash image we use, we sufficiently protect against the ability of a quantum computer to weaken its security (see the Birthday paradox and Grover's algorithm). We've done a series of blog posts and webinars on how we achieve this which we recommend you check out!

4. Investors always ask for great returns, is there any plan for big exchanges?
5. If you don't reach $15M, would you extend the sale?

No comments.

[Murat]

Protection from quantum computers is more like just a marketing ploy than true.
Or where we can see the results of this testing?

You're right about the marketing ploy. I was caught up on the QC hype too, hopping from one project to the next, trying to connect all the doomsday scenarios they were painting and how to avoid them in one fell swoop. Then, came across an article that explained it as it really works.

Bad news folks. BTC too is quantum-resistant if you don't reuse the same address. Feels like I've been had

1) We are building a platform this is inherently different than Bitcoin. We are building a useable payments platform that can handle a large number of transactions with a very short latency ALL with world-class privacy. This is in stark contrast to the store-of-value nature of Bitcoin, each platform solves a different thing and can live in parallel. Do we think Bitcoin is going to be broken by a quantum computer in the next 5 years? Probably not, but as I'll discuss in my third comment unless you're happy with the payments platforms of the future supporting less than 10 transactions per second, any new blockchain should be built from the ground up to support post-quantum cryptography as migrating to it with an existing consensus mechanism will be controversial and the resulting platform will be slow.

2) As far as the security of a user's wallet goes, never using an address more than once is excellent advice and mitigates many issues but it needs to be enforced in the protocol and all clients to be effective at preventing a lapse of confidence in the currency. This means changing the entire ecosystem of software and hardware wallets and ensuring that the millions of cryptocurrency owners migrate their currency over to a fresh wallet. The fact remains you are on borrowed time using this approach. Quantum computing will break public-key cryptography and if I can insert myself between you and the network with a quantum computer and block your traffic, I will eventually get your private key. You might be sophisticated enough to identify and protect against an attack like this but the blockchain dream is based on a large ecosystem of people of all technical levels and a wide variety of devices and environments. Regardless, this quantum computing performance isn't expected in the first generation of quantum computers.

3) To really address this, almost all blockchains can adopt post-quantum cryptography but it will bring most consensus operations to a crawl. Hash-based quantum-resistant signatures are massive (lookup the size of a WOTS+ signature compared to an ECDSA signature) and will rapidly saturate the network resources of almost any blockchain. We invented a new approach to consensus specifically to handle these large signatures. Our endorser sampling approach allows the network to scale linearly with the number of nodes while ensuring that we only need to deliver these large quantum-secure signatures to a random but constant-sized subset of the network. We explain this approach in detail in our webinars and technical paper.

4) Even if you secure users' wallets, the consensus algorithm itself is vulnerable to quantum computing in many blockchains. Proof of Stake protocols generally uses quantum-vulnerable cryptography to vote on the validity of a block as well as to generate randomness in the chain. Moving to quantum-secure signatures will result in the same performance issues as in my previous comment. PoW mining is resistant to early quantum computing but will eventually become vulnerable as Grover's algorithm cuts the difficulty of mining a hash preimage in half. If quantum computers become an enterprise tool held by corporations and governments, the mining environment may look very different.


I request everyone to check out the webinars - https://www.youtube.com/channel/UCmfUaqB2HQnEHU0o4Z7Es0Q

[CaVO32]

what is the main advantage of using ERC1404 vs ERC20 smart contract code? not many eth projects are using this code, and actually, this is the first time to encounter a project using this type of code. also, can you disclose how much you raised during your private sale as it is already over?

[sockpuppet1911]

what is the main advantage of using ERC1404 vs ERC20 smart contract code? not many eth projects are using this code, and actually, this is the first time to encounter a project using this type of code. also, can you disclose how much you raised during your private sale as it is already over?

If i understood correctly, it's only for distribution for placeholder tokens before the mainnet kicks in, as this isn't a second layer eth project. But yeah, i had to google that contract too, apparently they will use it because it would bring more privacy for buyers then erc20.

[shinratensei_]

what is the main advantage of using ERC1404 vs ERC20 smart contract code? not many eth projects are using this code, and actually, this is the first time to encounter a project using this type of code. also, can you disclose how much you raised during your private sale as it is already over?

The main advantage of ERC 1404 is if it has already compliance with US regulation body that already made by SEC.
I just suggest you read this article
https://www.prnewswire.com/news-releases/ethereums-erc-1404-included-in-sec-filings-300943573.html
and this one too
https://erc1404.org/

Remember ERC20 is a standard token on ethereum blockchain that has already made without any intention to be compliance with restriction for the security issuance by the regulator standard.

XX coin is aiming for worldwide adoption and that's why ERC1404 will be the best choice.

I don't know correctly about how much raised during the private sale but it looks like elixxir was not creating private sale as it as already got investment from CEO of ripple (Chris Larsen).CMIIW

If you wanna know how much already raised so far and just visit icodrop.

[indo1]

The first public sale will begin on January 23 2020, 11 pm GMT and end when the target cap reaches $ 15 million USD on February 19 2020, 11 pm GMT. this is a big target with a short time I am not too sure if it can be achieved, is there something that can reach that big target this is a heavy duty sale

[Denongels]

The first public sale will begin on January 23 2020, 11 pm GMT and end when the target cap reaches $ 15 million USD on February 19 2020, 11 pm GMT. this is a big target with a short time I am not too sure if it can be achieved, is there something that can reach that big target this is a heavy duty sale

it's not a big target considering david chaum has managed a digicash project and seems to be quite successful (i didn't follow it) i think targets like this are only small for them, and i'm sure this project will reach hardcap i'm very sure of this.

[sockpuppet1911]

it's not a big target considering david chaum has managed a digicash project and seems to be quite successful (i didn't follow it) i think targets like this are only small for them, and i'm sure this project will reach hardcap i'm very sure of this.

David Chaum is a pioneer sure, but digicash wasn't successful, it was one of the failed ones in digital cash solutions before the Bitcoin took over. It was failed because of the centralization, and that problem was fixed with a bitcoin.

[tippytoes]

it's not a big target considering david chaum has managed a digicash project and seems to be quite successful (i didn't follow it) i think targets like this are only small for them, and i'm sure this project will reach hardcap i'm very sure of this.

David Chaum is a pioneer sure, but digicash wasn't successful, it was one of the failed ones in digital cash solutions before the Bitcoin took over. It was failed because of the centralization, and that problem was fixed with a bitcoin.

Trying the second time around. At least they know already the reasons why they failed the first time. And since crypto community has changed a lot since then, I guess they already know the possible bottlenecks that they may encounter and should have all the contingencies in place to make this successful.

[CryptTech]

Where tech specification?

[indo1]

The first public sale will begin on January 23 2020, 11 pm GMT and end when the target cap reaches $ 15 million USD on February 19 2020, 11 pm GMT. this is a big target with a short time I am not too sure if it can be achieved, is there something that can reach that big target this is a heavy duty sale

it's not a big target considering david chaum has managed a digicash project and seems to be quite successful (i didn't follow it) i think targets like this are only small for them, and i'm sure this project will reach hardcap i'm very sure of this.

wow I am glad to see your response and I hope that what you say can happen, and if I may know what your strong reasons are so that I feel confident that sales will reach harcap, please talk a little maybe I can see the truth of what you say. Thank you for your response

[JeromeTash]

it's not a big target considering david chaum has managed a digicash project and seems to be quite successful (i didn't follow it) i think targets like this are only small for them, and i'm sure this project will reach hardcap i'm very sure of this.

It still seems a big target for that short period despite david chaum's history... Unless they got some couple of big players inform of private investors who can contribute large sum in that short period of time. If this was back in 2017, then i would be kind of possible because of the ICO hype that was there at the time.

[CaVO32]

what is the main advantage of using ERC1404 vs ERC20 smart contract code? not many eth projects are using this code, and actually, this is the first time to encounter a project using this type of code. also, can you disclose how much you raised during your private sale as it is already over?

The main advantage of ERC 1404 is if it has already compliance with US regulation body that already made by SEC.
I just suggest you read this article
https://www.prnewswire.com/news-releases/ethereums-erc-1404-included-in-sec-filings-300943573.html
and this one too
https://erc1404.org/

Remember ERC20 is a standard token on ethereum blockchain that has already made without any intention to be compliance with restriction for the security issuance by the regulator standard.

XX coin is aiming for worldwide adoption and that's why ERC1404 will be the best choice.

I don't know correctly about how much raised during the private sale but it looks like elixxir was not creating private sale as it as already got investment from CEO of ripple (Chris Larsen).CMIIW

If you wanna know how much already raised so far and just visit icodrop.

thank you so much for the links. i should have googled it but wanted to know from the team's end about the reasoning why they opted to be ERC1404. But reading from the link, this type of token has the intentions to comply with necessary requirements, which is actually good for the investors. they are not like fly-by-night ERC20 tokens that everyone can create. And with private investor like from Ripple, this project will gonna push thru. seems very promising to me.

[Murat]

what is the main advantage of using ERC1404 vs ERC20 smart contract code? not many eth projects are using this code, and actually, this is the first time to encounter a project using this type of code. also, can you disclose how much you raised during your private sale as it is already over?

The ERC1404 is an extension of ERC20 which allows for a whitelist to restrict the trading of tokens until a certain date. The code for our ERC1404 is all online, audited, and open source. These smart contracts will be used to convert to native (non-ethereum) xx coins on the xx main net later this year. This is to prevent non-accredited US citizens from purchasing tokens before the main net which might violate securities law.