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

[zsnorbi]

DRK down, this is our time to shine

DRK is broken... prepare yourselves for critical mass.

Why is it broken?

Forked.

I wouldn't call it broken but DRK got too much attention before having a well working annon it is just a beta RC, while XC is just gaining momentum and annon implementation is already superior to DRK's one

[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

Bump.  Still seeing some people confused on total coin supply.  Hopefully when Dev gets back he will update this in the OP.

[Teka]

[Pizpie]

Excellent haha!

[mannie]

DRK down, this is our time to shine

DRK is broken... prepare yourselves for critical mass.

Why is it broken?

Forked.

I wouldn't call it broken but DRK got too much attention before having a well working annon it is just a beta RC, while XC is just gaining momentum and annon implementation is already superior to DRK's one

I wouldn't expect anything in crypto. There are a lot of questions left unanswered about XC and how it works. Nobody seems too interested in having them answered. I waited all night for an answer about potential bloat but there's no answer.

[DRobert]

How long till we reach 0.004?

[flipboxx]

How long till we reach 0.004?

With this support: 2 to 3 days.

[r0ach]

Since almost everyone I see doesn't understand the economic implications of stake reward, let me explain it for you:

Looking at proof of stake in a vacuum, the stake reward creates decentralized inflation, meaning if everyone stakes, you stay at equilibrium.  What PoS is in a nutshell, is a tax on people who don't stake to support the network.  Everyone who does stake is unaffected, anyone that doesn't stake is punished.  It's not a comparable process to Bernanke throwing money out of a helicopter or anything like that.

Now that the implications of proof of stake in a vacuum are defined, you have to examine it's effects when placed in the real world.  Some people argue for a large stake reward, but if the coin is to actually be used as a currency, it's extremely inconvenient for vendors to have to deal with a monetary supply that has enormous percent changes each year.  If you used a number like 10%, well, the vendor now has to alter his prices by a large amount on a constant basis. 

When you consider the percent of coins destroyed through transaction fees (probably around 1%), and the amount of coins that people will lose per year through accident or death (conservative 1% low ball figure), a stake reward of 2-5% can mostly be ignored by vendors without having to alter prices on a constant basis due to the money supply.  This coin in particular chose a "magic number" right in the middle of what I consider the safe zone, where 2% is a little low, and 5% is a little high.

[Teka]

Sorry for the spamming, I couldn't help myself.



Also, I think that we should change the name to just xc and have the name as the logo.

For example (light logo and dark logo|)



By they way get on Twitter and start promoting XC.

https://twitter.com/drasticraven

[atcsecure]

Sorry for the spamming, I couldn't help myself.



Also, I think that we should change the name to just xc and have the name as the logo.

For example (light logo and dark logo|)

I'm thinking this is the direction to take, unfortunately I haven't gone back through all the posts yet and the current logo could be easily adjusted for this change

[Teka]

Sorry for the spamming, I couldn't help myself.

snip

I'm thinking this is the direction to take, unfortunately I haven't gone back through all the posts yet and the current logo could be easily adjusted for this change

I love the fact that when you came back the price rose by 10%.

[zsnorbi]

Sorry for the spamming, I couldn't help myself.



Also, I think that we should change the name to just xc and have the name as the logo.

For example (light logo and dark logo|)

I'm thinking this is the direction to take, unfortunately I haven't gone back through all the posts yet and the current logo could be easily adjusted for this change

I agree with XC. It is misterious enough to be a part of a gorilla campaign. Xchange was mentioned several times earlier but that would suggest that XC is some kind of Exchange

[brother3]

How much of this dev work is going to be open source? What's to stop the competition just ripping off all the ideas?

^ Not trolling, serious question.

Part of DRK's success has been no-one being able to clone dark send easily due to it being closed source for now.

I saw a post where the dev himself said that the recipe for the secret sauce won't be revealed

Great chefs dont reveal recipes

Right on bro!  Right on!

[guolong9988]

http://xc.nmgpool.com/




Reward System: Full Stratum/Vardiff system with PROP
Server Location: China/America
Pro Hardware: Connections: 10 gigabit network hypervisor/storage. Direct connection to AIMX, MSX
Storage: Fast ZFS based environment with SSD cache and 32 disks.
CPU: Xeon 64bit / 16 powerful CPU cores
Ram: 128 GB RAM.

Security:
Two different geo-locations Hot wallets (primary and instant back-up).
Offline secured cold Wallet.
Automated back-ups and warning system for operators.
Ddos protecion.


Welcome friends to join our team！

[Alisho]

Sorry for the spamming, I couldn't help myself.



Also, I think that we should change the name to just xc and have the name as the logo.

For example (light logo and dark logo|)

I'm thinking this is the direction to take, unfortunately I haven't gone back through all the posts yet and the current logo could be easily adjusted for this change

I agree with XC. It is misterious enough to be a part of a gorilla campaign. Xchange was mentioned several times earlier but that would suggest that XC is some kind of Exchange

I think only XC is better

[battbot]

My suggestion:

X-Caliber (XC)

X defined as: an unknown quantity / anonymous
Caliber defined as: degree of merit or excellence

This is to suggest that the merit/excellence of XC is unknown, or infinite (in a positive sense -- as the brilliant dev + coin's revolutionary innovation with such limited supply will create the image of a prestigious/ premium/ exclusive coin).

Also, there is a word play with the ancient mythical relic, Excalibur, which is the legendary sword of King Arthur and is sometimes attributed with magical powers or associated with the rightful sovereignty of Great Britain.  Which we can draw parallels from, as XC is the coin with revolutionary innovation and the potential to gain "sovereignty" in the altcoin world.

Bump.  Any thoughts?

[Teka]

My suggestion:

X-Caliber (XC)

X defined as: an unknown quantity / anonymous
Caliber defined as: degree of merit or excellence

This is to suggest that the merit/excellence of XC is unknown, or infinite (in a positive sense -- as the brilliant dev + coin's revolutionary innovation with such limited supply will create the image of a prestigious/ premium/ exclusive coin).

Also, there is a word play with the ancient mythical relic, Excalibur, which is the legendary sword of King Arthur and is sometimes attributed with magical powers or associated with the rightful sovereignty of Great Britain.  Which we can draw parallels from, as XC is the coin with revolutionary innovation and the potential to gain "sovereignty" in the altcoin world.

Bump.  Any thoughts?

Sorry but I'm a strong believer in just XC.

[bitcad4u]

My suggestion:

X-Caliber (XC)

X defined as: an unknown quantity / anonymous
Caliber defined as: degree of merit or excellence

This is to suggest that the merit/excellence of XC is unknown, or infinite (in a positive sense -- as the brilliant dev + coin's revolutionary innovation with such limited supply will create the image of a prestigious/ premium/ exclusive coin).

Also, there is a word play with the ancient mythical relic, Excalibur, which is the legendary sword of King Arthur and is sometimes attributed with magical powers or associated with the rightful sovereignty of Great Britain.  Which we can draw parallels from, as XC is the coin with revolutionary innovation and the potential to gain "sovereignty" in the altcoin world.

Bump.  Any thoughts?

such limited supply?  the supply is 33 million approx no  ?

[Alisho]

My suggestion:

X-Caliber (XC)

X defined as: an unknown quantity / anonymous
Caliber defined as: degree of merit or excellence

This is to suggest that the merit/excellence of XC is unknown, or infinite (in a positive sense -- as the brilliant dev + coin's revolutionary innovation with such limited supply will create the image of a prestigious/ premium/ exclusive coin).

Also, there is a word play with the ancient mythical relic, Excalibur, which is the legendary sword of King Arthur and is sometimes attributed with magical powers or associated with the rightful sovereignty of Great Britain.  Which we can draw parallels from, as XC is the coin with revolutionary innovation and the potential to gain "sovereignty" in the altcoin world.

Bump.  Any thoughts?

Sorry but I'm a strong believer in just XC.

yeap only XC is nice!

[battbot]

My suggestion:

X-Caliber (XC)

X defined as: an unknown quantity / anonymous
Caliber defined as: degree of merit or excellence

This is to suggest that the merit/excellence of XC is unknown, or infinite (in a positive sense -- as the brilliant dev + coin's revolutionary innovation with such limited supply will create the image of a prestigious/ premium/ exclusive coin).

Also, there is a word play with the ancient mythical relic, Excalibur, which is the legendary sword of King Arthur and is sometimes attributed with magical powers or associated with the rightful sovereignty of Great Britain.  Which we can draw parallels from, as XC is the coin with revolutionary innovation and the potential to gain "sovereignty" in the altcoin world.

Bump.  Any thoughts?

such limited supply?  the supply is 33 million approx no  ?

No, it was changed with the wallet update today.  Total PoW blocks reduced to 22500, making max supply around 6.2 to 7.4 million coins