[ANN][XC] >> Mandatory Update to new Wallet - The first POS X11 anonymous wallet

[atcsecure]

Updated Wallet

https://mega.co.nz/#!8Fs0GCqC!R5EorsUF2rkdqEwR65DEmhdDVP3X4MH_FzxDlUNAOJA

So this wallet set max POW to 22500 blocks and has the same anon as the one posted last night?

Thanks for all your work by the way.  

YES reduced POW and same anon as last night, the GUI will be updated in a release and should be out on tuesday/wednesday

[1714696891]

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[dadon]

About premine: Guys we all need a motivated developer, we don't need a person who only loses money with the coin as he will also lose interest with the same pace!

relax this DEVis more then motivated, i can daresay he is no stranger to money, and everything he has promised has been deliverd, just buy whatever u can and enjoy the ride

[nish2011]

Honestly, I don't think a the premine is really an issue, as the only reason its worth so much is due to dev, so I think he deserves it, as long as he doesn't dump it I am happy with him keeping the premine.

[cyberhacker]

Updated Wallet

https://mega.co.nz/#!8Fs0GCqC!R5EorsUF2rkdqEwR65DEmhdDVP3X4MH_FzxDlUNAOJA

thanks dev.

do we need to update OP and i do suggest overhaul our website. GREAT coin deserve fresh looking web.

also some social like fb/twitter/reddit.

i am holding tight my xc.

[dadon]

Honestly, I don't think a the premine is really an issue, as the only reason its worth so much is due to dev, so I think he deserves it, as long as he doesn't dump it I am happy with him keeping the premine.

+1  buy your wife something pretty! you have been working on this so hard i'm sure she is pissed unless she is an understanding woman..rare..very, very rare

[saberu]

atcsecure could you please answer my question regarding whether a PoS only coin is susceptible to a 51% attack?

[drawingthesun]

atcsecure could you please answer my question regarding whether a PoS only coin is susceptible to a 51% attack?

It's only susceptible of 51% attacks if someone owns half the coin.

[dadon]

atcsecure could you please answer my question regarding whether a PoS only coin is susceptible to a 51% attack?

It's only susceptible of 51% attacks if someone owns half the coin.

no chance it went way under the radar lol good to see you joined the team mate 

[saberu]

It's only susceptible of 51% attacks if someone owns half the coin.

Yeah I was just thinking that as I hit the post button, at this early stage it might be possible for some powerful entity to buy up half the coins. It would kill XC and tarnish the reputation of all crypto for years to come.

[battbot]

Just to organize some info for everyone:

Link to NEW Wallet (updated TODAY 5/26): https://mega.co.nz/#!8Fs0GCqC!R5EorsUF2rkdqEwR65DEmhdDVP3X4MH_FzxDlUNAOJA

Distribution changes: PoW blocks reduced.  Now 22,500 blocks @ 333 per block.  
(Max) Total Supply: 7.492 million XC
Estimated Total Supply (factoring in PoS blocks): 6.2 million XC
Estimated PoW Days Remaining: 2 days  

Visio on how the anonymous transfers work:  



Additional information given by atcsecure:

For those looking for some more details... check out the link, our design incorporates some of the features from dual path paradigm concepts, although we are advancing this concept to be multi-path paradigm, and we will implement on top of tor to provide a high level of anonymity

http://eprint.iacr.org/2009/385.pdf
http://arxiv.org/ftp/arxiv/papers/1208/1208.3022.pdf

The principles for this concept come from a design that I originally leveraged back in 2005,[multi-path paradigm] the system still runs to do this day handling 50k to 100k users per day

also the infrastructure for this will support numerous other applications, such as encrypted messaging, P2P exchange..etc granted we can only develop new features so fast, but we are putting the foundation for a multi-use, multi-purpose platform

one the of the details we are still working out is the autonomous "supernode" function and best methods to prevent bad-actors.. We have implemented PKI and will leverage that as part of entire solution

[drawingthesun]

atcsecure could you please answer my question regarding whether a PoS only coin is susceptible to a 51% attack?

It's only susceptible of 51% attacks if someone owns half the coin.

no chance it went way under the radar lol good to see you joined the team mate 

Haha I haven't bought any yet, I still have no good idea about the anonymous function, although I have some reference papers that the developer posted, so until I've read them I will not post anymore questions about that.

However I will still post about certain things, such as the security offered by POS.

Is XC using a similar scheme from Nxt or PPC?

[drawingthesun]

It's only susceptible of 51% attacks if someone owns half the coin.

Yeah I was just thinking that as I hit the post button, at this early stage it might be possible for some powerful entity to buy up half the coins. It would kill XC and tarnish the reputation of all crypto for years to come.

If someone tried to buy up enough XC you'd be very rich before they attacked.

The volume on an exchange is deceptive, remember that volume is all the buys and sells of XC, If you're trying to day trade, you'll push this figure up fast.

[nish2011]

atcsecure, if you need help with branding of website after 30th I will be happy to help, I am an decent designer, also if you can implement it, I can make a really nice custom ui design for wallet that will make stand out from all the other wallets, however my skills are only photoshop and php so you would have to code it.

[saberu]

drawingthesun mining for this coin is apparently exceeding profitable for these big miners so much that they are cashing out quick rather than having any care or belief in the coin itself.

Once PoW ends in a few days then expect price to rocket.

The ship has already left the dock and sailing at increasing speed, the big miners are large waves and bad weather that are slowing down the ship but the engine is going into warp drive. Once the water settles the warp bubble will engage and the ship will sail right to the MOON!

[drawingthesun]

drawingthesun mining for this coin is apparently exceeding profitable for these big miners so much that they are cashing out quick rather than having any care or belief in the coin itself.

Once PoW ends in a few days then expect price to rocket.

The ship has already left the dock and sailing at increasing speed, the big miners are large waves and bad weather that are slowing down the ship but the engine is going into warp drive. Once the water settles the warp bubble will engage and the ship will sail right to the MOON!

Maybe, but I'm trying not to buy in on hype because I've been burned before. For now I'll just read the papers referenced for the anonymous function.

[saberu]

a really nice custom ui design for wallet that will make stand out from all the other wallets

Lets have a wallet design competition thread with a bounty reward funded by forum members. I for one would be willing to contribute 10 XC to the reward,  which is not a lot of money but I would expect other larger coin holders willing to put in 10x more than me.

[cyberhacker]

It's only susceptible of 51% attacks if someone owns half the coin.

Yeah I was just thinking that as I hit the post button, at this early stage it might be possible for some powerful entity to buy up half the coins. It would kill XC and tarnish the reputation of all crypto for years to come.

If someone tried to buy up enough XC you'd be very rich before they attacked.

The volume on an exchange is deceptive, remember that volume is all the buys and sells of XC, If you're trying to day trade, you'll push this figure up fast.

man now you fully support this coin. lol

[cryptohunter]

safe to send coins? or wait for everyone including exchanges to update wallet?

[dida]

Now im sure that this coin will hit 20$ a piece in near future:

1. DRK dark send is a bullshit and it can be traced as seen here (some of the so called "hidden" transaction): http://chainz.cryptoid.info/drk/address.dws?XnFYAdnaYsY9rAJqsnoQcyiVPtyB3PUvn5.htm

2. Two times reduced number of coins in a good manner - last to avoid 51% attack

3. Dev. is beyond capable of handling new features and coding

4. Finally great and constructive community without too much FUD

5. Plans for future development without to much yelling about

....after many months in crypto jungle im calm about my purchase of this coins besides BTC (without eating my nails ) ....must say It is pleasure to be part of this community....

[AlexGR]

Honestly, I don't think a the premine is really an issue, as the only reason its worth so much is due to dev, so I think he deserves it, as long as he doesn't dump it I am happy with him keeping the premine.

I'm just saying that if he destroys an equal proportion it's an epic win in terms of "fairness perception". No claim can come, ever, from stuff like "ohhh you little greedy dev, wanted more coins, etc". I've seen fud vectors with DRK so he could leverage that knowledge to his advantage and avoid anything that can be used against him.

Besides, the dev of coins which are evolving always has an unfair advantage over everyone else.

The second most prized quality in finance is knowing the future. The first is CONTROLLING the future.

A dev controls a coins future regarding its development and as such can make money out of it. He knows when he will make an announcement that will make the price spike so he can buy before and sell after the announcement, making gains. He doesn't even need 0.00001% premine. Anyone thinking like that apparently doesn't have a clue. Shitcoins need premine more than developing coins.

If the dev thinks of it, he can then destroy the premine to equal proportion and avoid criticism. Although now that I've wrote about how devs have an unfair advantage anyway, less will appreciate the move. Seems ironic, doesn't it?