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atcsecure (OP)
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May 25, 2014, 12:49:11 AM |
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Excellent! Thank you for your hard work!
In my opinion, XC is earlier than DRK in implementing the annomous feature,
that is very impressive
This is not so much a matter of opinion... rather a matter of historic facts: DarkSend was/is live since Feb (testnet) / March (mainnet). I am confused, I think DRK is still in the testing (i know they started in Feb, but i think they are still testing and they are trying to implement masternode soon), but XC is almost ready for implement. Please point it out if I am wrong. DRK is implementing masternode payments in a few hours. That's part of RC2. DarkSends work ok but, up to now, masternodes weren't getting paid 10% of mining output. RC3 will bring more in terms of anonymity. Basic mixing was achieved within days back in February. For 99% of the cases a mixer is private enough for most uses. However governments can still catch you if they can monitor the nodes. That's the 1% extra effort that DRK is trying to do in the last months in the form of negative incentives to run multiple nodes from "bad actors" (that's why masternode payment protocol / 1000 DRK requirement was put into place). RC3 will try to improve anonymity further - always that last 1%. We will be switching away from the masternode topology in REV v2 - I don't want to give away the secret sauce, but it is going to be high-end anonymous end to end encryption, provide 100% true anonymity and be the foundation of our blockchain v2.0 phase Also our Rev v1 release can't be "monitored" at the node layer :-) |
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mr_random
Legendary
 Offline
Activity: 1274
Merit: 1001
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May 25, 2014, 12:50:12 AM |
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Will this become a pure proof of stake coin anytime soon? What is the schedule?
The coin will still have the extended POW but the # of coins produced by POW will be greatly reduced moving forward What is the schedule for that? Also what is the block reward? |
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atcsecure (OP)
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May 25, 2014, 12:52:03 AM |
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Will this become a pure proof of stake coin anytime soon? What is the schedule?
The coin will still have the extended POW but the # of coins produced by POW will be greatly reduced moving forward What is the schedule for that? Also what is the block reward? within 5-10days |
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AlexGR
Legendary
Offline
Activity: 1708
Merit: 1049
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May 25, 2014, 12:55:22 AM |
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Excellent! Thank you for your hard work!
In my opinion, XC is earlier than DRK in implementing the annomous feature,
that is very impressive
This is not so much a matter of opinion... rather a matter of historic facts: DarkSend was/is live since Feb (testnet) / March (mainnet). I am confused, I think DRK is still in the testing (i know they started in Feb, but i think they are still testing and they are trying to implement masternode soon), but XC is almost ready for implement. Please point it out if I am wrong. DRK is implementing masternode payments in a few hours. That's part of RC2. DarkSends work ok but, up to now, masternodes weren't getting paid 10% of mining output. RC3 will bring more in terms of anonymity. Basic mixing was achieved within days back in February. For 99% of the cases a mixer is private enough for most uses. However governments can still catch you if they can monitor the nodes. That's the 1% extra effort that DRK is trying to do in the last months in the form of negative incentives to run multiple nodes from "bad actors" (that's why masternode payment protocol / 1000 DRK requirement was put into place). RC3 will try to improve anonymity further - always that last 1%. We will be switching away from the masternode topology in REV v2 - I don't want to give away the secret sauce, but it is going to be high-end anonymous end to end encryption, provide 100% true anonymity and be the foundation of our blockchain v2.0 phase Also our Rev v1 release can't be "monitored" at the node layer :-) Good stuff... btw, I see you are a qualified dev, which is kind of a rare quality around these cryptocurrency places. Do you believe you can achieve NSA-proofing? For the time being it is an elusive property for most coins of this kind. |
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mr_random
Legendary
Offline
Activity: 1274
Merit: 1001
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May 25, 2014, 12:57:54 AM |
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Will this become a pure proof of stake coin anytime soon? What is the schedule?
The coin will still have the extended POW but the # of coins produced by POW will be greatly reduced moving forward What is the schedule for that? Also what is the block reward? within 5-10days When you switch over to reduced PoW block reward, what size will the POS and PoW block rewards be respectively? That is my last question. If the PoW block reward is too low then this will disincentivize people from doing PoW mining and the dev of BlackCoin demonstrated a hybrid PoW/PoS coin with low PoW reward is typically wide open to a 51% attack. |
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atcsecure (OP)
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May 25, 2014, 12:59:04 AM |
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Will this become a pure proof of stake coin anytime soon? What is the schedule?
The coin will still have the extended POW but the # of coins produced by POW will be greatly reduced moving forward What is the schedule for that? Also what is the block reward? within 5-10days When you switch over to reduced PoW block reward, what size will the POS and PoW block rewards be respectively? That is my last question. If the PoW block reward is too low then this will disincentivize people from doing PoW mining and the dev of BlackCoin demonstrated a hybrid PoW/PoS coin with low PoW reward is typically wide open to a 51% attack. I am aware of the 51% attack issue, I don't have the exact answers to these questions yet..... tomorrow.. |
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atcsecure (OP)
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May 25, 2014, 01:00:08 AM |
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Excellent! Thank you for your hard work!
In my opinion, XC is earlier than DRK in implementing the annomous feature,
that is very impressive
This is not so much a matter of opinion... rather a matter of historic facts: DarkSend was/is live since Feb (testnet) / March (mainnet). I am confused, I think DRK is still in the testing (i know they started in Feb, but i think they are still testing and they are trying to implement masternode soon), but XC is almost ready for implement. Please point it out if I am wrong. DRK is implementing masternode payments in a few hours. That's part of RC2. DarkSends work ok but, up to now, masternodes weren't getting paid 10% of mining output. RC3 will bring more in terms of anonymity. Basic mixing was achieved within days back in February. For 99% of the cases a mixer is private enough for most uses. However governments can still catch you if they can monitor the nodes. That's the 1% extra effort that DRK is trying to do in the last months in the form of negative incentives to run multiple nodes from "bad actors" (that's why masternode payment protocol / 1000 DRK requirement was put into place). RC3 will try to improve anonymity further - always that last 1%. We will be switching away from the masternode topology in REV v2 - I don't want to give away the secret sauce, but it is going to be high-end anonymous end to end encryption, provide 100% true anonymity and be the foundation of our blockchain v2.0 phase Also our Rev v1 release can't be "monitored" at the node layer :-) Good stuff... btw, I see you are a qualified dev, which is kind of a rare quality around these cryptocurrency places. Do you believe you can achieve NSA-proofing? For the time being it is an elusive property for most coins of this kind. Great question, not going to answer that here.. once the encrypted messaging system is place within the XC wallet - we can discuss |
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DRobert
Member
Offline
Activity: 98
Merit: 10
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May 25, 2014, 01:00:57 AM |
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This coin should be worth at least $13 per coin.
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wevus
Member
Offline
Activity: 70
Merit: 10
Long Term Investor with Short Term Memory Loss
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May 25, 2014, 01:03:30 AM |
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Excellent! Thank you for your hard work!
In my opinion, XC is earlier than DRK in implementing the annomous feature,
that is very impressive
This is not so much a matter of opinion... rather a matter of historic facts: DarkSend was/is live since Feb (testnet) / March (mainnet). I am confused, I think DRK is still in the testing (i know they started in Feb, but i think they are still testing and they are trying to implement masternode soon), but XC is almost ready for implement. Please point it out if I am wrong. DRK is implementing masternode payments in a few hours. That's part of RC2. DarkSends work ok but, up to now, masternodes weren't getting paid 10% of mining output. RC3 will bring more in terms of anonymity. Basic mixing was achieved within days back in February. For 99% of the cases a mixer is private enough for most uses. However governments can still catch you if they can monitor the nodes. That's the 1% extra effort that DRK is trying to do in the last months in the form of negative incentives to run multiple nodes from "bad actors" (that's why masternode payment protocol / 1000 DRK requirement was put into place). RC3 will try to improve anonymity further - always that last 1%. We will be switching away from the masternode topology in REV v2 - I don't want to give away the secret sauce, but it is going to be high-end anonymous end to end encryption, provide 100% true anonymity and be the foundation of our blockchain v2.0 phase Also our Rev v1 release can't be "monitored" at the node layer :-) Good stuff... btw, I see you are a qualified dev, which is kind of a rare quality around these cryptocurrency places. Do you believe you can achieve NSA-proofing? For the time being it is an elusive property for most coins of this kind. Great question, not going to answer that here.. once the encrypted messaging system is place within the XC wallet - we can discuss My hat is off to you and your Dev team. Well done sir. |
XChat: XQ6YhjRgXHuZKPwDTps6J6i8mwdYnXYdtY
Donatations for the starving pigmies: XC XSoc3Eb7u2EwMaqV6jYChHrhdDvtZp6Cap
BTC 1ALk4YtmNTLwAvPZszQvrNwmrUBSUPXNKr
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tat123
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May 25, 2014, 01:10:05 AM |
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Never doubted it for a moment. Well...maybe a moment. But thats gone now. Great work Dev!  |
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AlexGR
Legendary
Offline
Activity: 1708
Merit: 1049
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May 25, 2014, 01:11:16 AM |
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Excellent! Thank you for your hard work!
In my opinion, XC is earlier than DRK in implementing the annomous feature,
that is very impressive
This is not so much a matter of opinion... rather a matter of historic facts: DarkSend was/is live since Feb (testnet) / March (mainnet). I am confused, I think DRK is still in the testing (i know they started in Feb, but i think they are still testing and they are trying to implement masternode soon), but XC is almost ready for implement. Please point it out if I am wrong. DRK is implementing masternode payments in a few hours. That's part of RC2. DarkSends work ok but, up to now, masternodes weren't getting paid 10% of mining output. RC3 will bring more in terms of anonymity. Basic mixing was achieved within days back in February. For 99% of the cases a mixer is private enough for most uses. However governments can still catch you if they can monitor the nodes. That's the 1% extra effort that DRK is trying to do in the last months in the form of negative incentives to run multiple nodes from "bad actors" (that's why masternode payment protocol / 1000 DRK requirement was put into place). RC3 will try to improve anonymity further - always that last 1%. We will be switching away from the masternode topology in REV v2 - I don't want to give away the secret sauce, but it is going to be high-end anonymous end to end encryption, provide 100% true anonymity and be the foundation of our blockchain v2.0 phase Also our Rev v1 release can't be "monitored" at the node layer :-) Good stuff... btw, I see you are a qualified dev, which is kind of a rare quality around these cryptocurrency places. Do you believe you can achieve NSA-proofing? For the time being it is an elusive property for most coins of this kind. Great question, not going to answer that here.. once the encrypted messaging system is place within the XC wallet - we can discuss Ok let me rephrase it in a "government-friendly" manner: Is the solution superior to ring signatures? |
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atcsecure (OP)
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May 25, 2014, 01:14:09 AM |
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Excellent! Thank you for your hard work!
In my opinion, XC is earlier than DRK in implementing the annomous feature,
that is very impressive
This is not so much a matter of opinion... rather a matter of historic facts: DarkSend was/is live since Feb (testnet) / March (mainnet). I am confused, I think DRK is still in the testing (i know they started in Feb, but i think they are still testing and they are trying to implement masternode soon), but XC is almost ready for implement. Please point it out if I am wrong. DRK is implementing masternode payments in a few hours. That's part of RC2. DarkSends work ok but, up to now, masternodes weren't getting paid 10% of mining output. RC3 will bring more in terms of anonymity. Basic mixing was achieved within days back in February. For 99% of the cases a mixer is private enough for most uses. However governments can still catch you if they can monitor the nodes. That's the 1% extra effort that DRK is trying to do in the last months in the form of negative incentives to run multiple nodes from "bad actors" (that's why masternode payment protocol / 1000 DRK requirement was put into place). RC3 will try to improve anonymity further - always that last 1%. We will be switching away from the masternode topology in REV v2 - I don't want to give away the secret sauce, but it is going to be high-end anonymous end to end encryption, provide 100% true anonymity and be the foundation of our blockchain v2.0 phase Also our Rev v1 release can't be "monitored" at the node layer :-) Good stuff... btw, I see you are a qualified dev, which is kind of a rare quality around these cryptocurrency places. Do you believe you can achieve NSA-proofing? For the time being it is an elusive property for most coins of this kind. Great question, not going to answer that here.. once the encrypted messaging system is place within the XC wallet - we can discuss Ok let me rephrase it in a "government-friendly" manner: Is the solution superior to ring signatures? I would need to dig pretty deep into the aspects both solutions to answer that... as we get closer to REV v2 release, I will provide more details to the solution XC will implement |
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AlexGR
Legendary
Offline
Activity: 1708
Merit: 1049
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May 25, 2014, 01:16:20 AM |
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Fair enough.
The recipe to success: No hype / no marketing / no snake-oil / no scam tactics / pure dedication to the goal of 100% anonymity and doing the work necessary - not getting distracted by bullshit.
Coinmarketcap will take care of the rest.
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Bl4ckw00d
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May 25, 2014, 01:23:29 AM |
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Fair enough.
The recipe to success: No hype / no marketing / no snake-oil / no scam tactics / pure dedication to the goal of 100% anonymity and doing the work necessary - not getting distracted by bullshit.
Coinmarketcap will take care of the rest.
+1 . this DEV has been 100% about his goal of anonymity and just hammering down. He has been very transparent and isn't FUDing the competition or needing to do lame marketing tactics. The proof is in the pudding and this is the kind of coin that will move ahead of the others sooner then we may think. No marketing needed here, the market knows what is in store for this coin and that alone is better then any kind of promotion. |
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CryptoGretzky
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May 25, 2014, 01:25:31 AM |
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Fair enough.
The recipe to success: No hype / no marketing / no snake-oil / no scam tactics / pure dedication to the goal of 100% anonymity and doing the work necessary - not getting distracted by bullshit.
Coinmarketcap will take care of the rest.
+1 . this DEV has been 100% about his goal of anonymity and just hammering down. He has been very transparent and isn't FUDing the competition or needing to do lame marketing tactics. The proof is in the pudding and this is the kind of coin that will move ahead of the others sooner then we may think. No marketing needed here, the market knows what is in store for this coin and that alone is better then any kind of promotion. +2 You could already tell from the ANN that this was a no hype coin. That's why I mined it right from launch and oh boy... the return.... Now, it already achieved Tesla level and working on the garage to park it in.... |
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Grifftech
Newbie
Offline
Activity: 56
Merit: 0
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May 25, 2014, 01:26:39 AM |
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I just started mining XC today and it sounds like it won't be mine-able once it goes to PoS? I am new to this so not sure what PoS means compared to PoW and if I should even be bothering to mine now?
Thanks
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atcsecure (OP)
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May 25, 2014, 01:31:34 AM |
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well after a marathon work week, with very little sleep or food, I am going to celebrate this huge milestone and then get some rest!!!
it was a great adventure getting to this point and I want to say thank you to all of those you helped along the way!! this is only the beginning for XC!!!!
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Bl4ckw00d
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May 25, 2014, 01:32:12 AM |
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I just started mining XC today and it sounds like it won't be mine-able once it goes to PoS? I am new to this so not sure what PoS means compared to PoW and if I should even be bothering to mine now?
Thanks
Moving from POS just means that after POW (Which is the mining portion) the only way to obtain coins would be to stake them in your wallet ( Holding them in a personal wallet not an exchange) or to purchase them. |
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Bl4ckw00d
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May 25, 2014, 01:32:56 AM |
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well after a marathon work week, with very little sleep or food, I am going to celebrate this huge milestone and then get some rest!!!
it was a great adventure getting to this point and I want to say thank you to all of those you helped along the way!! this is only the beginning for XC!!!!
Thanks for all your hardwork atc . Get some well deserved rest, tommorow is going to be one for the books  |
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Grifftech
Newbie
Offline
Activity: 56
Merit: 0
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May 25, 2014, 01:36:33 AM |
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I just started mining XC today and it sounds like it won't be mine-able once it goes to PoS? I am new to this so not sure what PoS means compared to PoW and if I should even be bothering to mine now?
Thanks
Moving from POS just means that after POW (Which is the mining portion) the only way to obtain coins would be to stake them in your wallet ( Holding them in a personal wallet not an exchange) or to purchase them. Well crap I always miss out SO I assume then the more coins you have the more you obtain just as you would with mining, more miners more coins |
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