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

[battbot]

Thrash -- where are you finding that value of current money supply = 5,376,539 coins?

Thanks in advance

[mannie]

I've been watching this coin with interest and I have to say, I don't understand the great rush with things. Why the need to transition to POS right away? If the coin isn't well distributed there's a risk of a 51% attack by a big holder having coins on minting. Is there even a distribution list/chart for the POW coins?

Because there are FPGA's accounting for about 60-70% of the net hash.  That is why.

FPGA x11 code: http://cryptography.gmu.edu/athena/index.php?id=source_codes

Okay but isn't that jumping from one security problem to another? Isn't anyone concerned about uneven distribution of staking wallets, considering a large number of coins will be bound up on exchanges?

Exchange wallets do not stake.  They disable stake.  This can be confirmed by bittrex-richie (bittrex) and tf2honeybadger (poloniex).  

That's what I mean. Coins on exchanges won't be staking thereby reducing the number of coins you would need to have 51% of minting coins. Am I wrong?

[Thrash]

Thrash -- where are you finding that value of current money supply = 5,376,539 coins?

Thanks in advance

Use the RPC command getinfo either from the command line or in the debug window if using a Windoze wallet.

[battbot]

I've been watching this coin with interest and I have to say, I don't understand the great rush with things. Why the need to transition to POS right away? If the coin isn't well distributed there's a risk of a 51% attack by a big holder having coins on minting. Is there even a distribution list/chart for the POW coins?

Because there are FPGA's accounting for about 60-70% of the net hash.  That is why.

FPGA x11 code: http://cryptography.gmu.edu/athena/index.php?id=source_codes

Okay but isn't that jumping from one security problem to another? Isn't anyone concerned about uneven distribution of staking wallets, considering a large number of coins will be bound up on exchanges?

Exchange wallets do not stake.  They disable stake.  This can be confirmed by bittrex-richie (bittrex) and tf2honeybadger (poloniex).  

That's what I mean. Coins on exchanges won't be staking thereby reducing the number of coins you would need to have 51% of minting coins. Am I wrong?

atcsecure would have to answer that one -- I'm not quite sure how it all works to be honest.

[zmhaha]

I wanted to provide some more answers about the decentralized anonymous solution and how it will work


- 100XC to 1000XC's Required (#'s still being vetted)

- Any client having the required XC's can enable xnode option (windows, mac & linux wallets)

- xnodes will charge a fee which will be deducted from the transaction and kept in the local wallet << incentive based >>

- no masternode or supernode required to communicate xnodes to clients

- fully decentralized


Hope that answers all the questions, the majority of the code is already in the wallet and I expect a release supporting these features as outlined above to be available for testing in 3 weeks or less

This is really awesome. I am not sure if people realize how big this is. I guess it is possible to allow android phones to act as xnodes as well at a later stage?

Not until AT&T, Sprint, or T-Mobile update their network to 7G or 8G. A masternode is no longer master while on 4G.

[fedmahnkassad]

some one is preparing the multipool, which will push us upwards right after pow.

of course i think dev knows exactly what this coin nee and where it will be.

xnodes mean you don't really NEED multipool, but I guess it will still be good to have one

[CryptoGretzky]

I've been watching this coin with interest and I have to say, I don't understand the great rush with things. Why the need to transition to POS right away? If the coin isn't well distributed there's a risk of a 51% attack by a big holder having coins on minting. Is there even a distribution list/chart for the POW coins?

Because there are FPGA's accounting for about 60-70% of the net hash.  That is why.

FPGA x11 code: http://cryptography.gmu.edu/athena/index.php?id=source_codes

Okay but isn't that jumping from one security problem to another? Isn't anyone concerned about uneven distribution of staking wallets, considering a large number of coins will be bound up on exchanges?

Exchange wallets do not stake.  They disable stake.  This can be confirmed by bittrex-richie (bittrex) and tf2honeybadger (poloniex).  

That's what I mean. Coins on exchanges won't be staking thereby reducing the number of coins you would need to have 51% of minting coins. Am I wrong?

You think there is a bagholder so big that they own 51% of XC now...?

[zmhaha]

some one is preparing the multipool, which will push us upwards right after pow.

of course i think dev knows exactly what this coin nee and where it will be.

xnodes mean you don't really NEED multipool, but I guess it will still be good to have one

Why? Because xnodes create buy support?

[Pizpie]

I've been watching this coin with interest and I have to say, I don't understand the great rush with things. Why the need to transition to POS right away? If the coin isn't well distributed there's a risk of a 51% attack by a big holder having coins on minting. Is there even a distribution list/chart for the POW coins?

Because there are FPGA's accounting for about 60-70% of the net hash.  That is why.

FPGA x11 code: http://cryptography.gmu.edu/athena/index.php?id=source_codes

Okay but isn't that jumping from one security problem to another? Isn't anyone concerned about uneven distribution of staking wallets, considering a large number of coins will be bound up on exchanges?

Exchange wallets do not stake.  They disable stake.  This can be confirmed by bittrex-richie (bittrex) and tf2honeybadger (poloniex).  

That's what I mean. Coins on exchanges won't be staking thereby reducing the number of coins you would need to have 51% of minting coins. Am I wrong?

You think there is a bagholder so big that they own 51% of XC now...?

My goal is to own 51% and protect the price.

[CryptoGretzky]

I've been watching this coin with interest and I have to say, I don't understand the great rush with things. Why the need to transition to POS right away? If the coin isn't well distributed there's a risk of a 51% attack by a big holder having coins on minting. Is there even a distribution list/chart for the POW coins?

Because there are FPGA's accounting for about 60-70% of the net hash.  That is why.

FPGA x11 code: http://cryptography.gmu.edu/athena/index.php?id=source_codes

Okay but isn't that jumping from one security problem to another? Isn't anyone concerned about uneven distribution of staking wallets, considering a large number of coins will be bound up on exchanges?

Exchange wallets do not stake.  They disable stake.  This can be confirmed by bittrex-richie (bittrex) and tf2honeybadger (poloniex).  

That's what I mean. Coins on exchanges won't be staking thereby reducing the number of coins you would need to have 51% of minting coins. Am I wrong?

You think there is a bagholder so big that they own 51% of XC now...?

My goal is to own 51% and protect the price.

Me too. 

[Thrash]

I've been watching this coin with interest and I have to say, I don't understand the great rush with things. Why the need to transition to POS right away? If the coin isn't well distributed there's a risk of a 51% attack by a big holder having coins on minting. Is there even a distribution list/chart for the POW coins?

Because there are FPGA's accounting for about 60-70% of the net hash.  That is why.

FPGA x11 code: http://cryptography.gmu.edu/athena/index.php?id=source_codes

Okay but isn't that jumping from one security problem to another? Isn't anyone concerned about uneven distribution of staking wallets, considering a large number of coins will be bound up on exchanges?

Exchange wallets do not stake.  They disable stake.  This can be confirmed by bittrex-richie (bittrex) and tf2honeybadger (poloniex).  

That's what I mean. Coins on exchanges won't be staking thereby reducing the number of coins you would need to have 51% of minting coins. Am I wrong?

atcsecure would have to answer that one -- I'm not quite sure how it all works to be honest.

I do not want to answer for the dev but here is my take on it.

Let's say we end up at 5.6 million coins at the end of POW. (Using a low number as this is worse case scenario.) If 1/2 of the coins are on the exchanges that leaves 2.8 million in wallets for staking. If only 1/2 of the people keep there wallets unlocked and staking then that leaves 1.4 million coins staking. So a successful 51% would require 700,000 XC, about $500,000 US at current prices, which could happen but even if someone has that many I believe they would need to have knowledge and bad intentions to do damage. I doubt 1/2 of the coins will be on exchanges and I think as long as the coin is doing well it is likely more than 1/2 of them that are in wallets will be staking. Therefore not sure if it is something to be to concerned about at this time.

Please correct me if I am misunderstanding or have misrepresented anything.

[mannie]

I've been watching this coin with interest and I have to say, I don't understand the great rush with things. Why the need to transition to POS right away? If the coin isn't well distributed there's a risk of a 51% attack by a big holder having coins on minting. Is there even a distribution list/chart for the POW coins?

Because there are FPGA's accounting for about 60-70% of the net hash.  That is why.

FPGA x11 code: http://cryptography.gmu.edu/athena/index.php?id=source_codes

Okay but isn't that jumping from one security problem to another? Isn't anyone concerned about uneven distribution of staking wallets, considering a large number of coins will be bound up on exchanges?

Exchange wallets do not stake.  They disable stake.  This can be confirmed by bittrex-richie (bittrex) and tf2honeybadger (poloniex).  

That's what I mean. Coins on exchanges won't be staking thereby reducing the number of coins you would need to have 51% of minting coins. Am I wrong?

You think there is a bagholder so big that they own 51% of XC now...?

I'm saying they wouldn't need all 51% of coins, just 51% of the ones currently staking, if I figure it correctly. There could be a big holder who could do that. There's reports of lots of centralised hash and the coin hasn't been on POW or distributing on exchanges very long to even it out. There's a question around it, is what I'm saying.

[WuzzD]

Did POW just end at block 20001 or is it ending at 21000? Both were said, I confused.

[coine_smithe]

Did POW just end at block 20001 or is it ending at 21000? Both were said, I confused.

PoW is going until 21K. The dev made an error in announcing that it would end at 20K.

[gadgetnerd]

Updated to v0.9.1.4x11-coin-1.0


Sorry about the confusion - here is the correct wallet

https://mega.co.nz/#!ZcN3xJBa!AusfqUpr6keImDaMKkOXnO165ZmEWl1WNfpuVX8EFkE

I am extremely stressed out right now. Where is the update for the macwallet??!?!?!

Same here, is there a updated MacWallet? If not, how does that affect the minting in my wallet?  I have 6000XC in my (mac)wallet and it is minting (bottom right symbol says " Minting, your weight is 7536, Networkweight is 52145. Expected time to earn rewards: 10 minutes"). But I see nothing else happening. Hope some1 can explain.

[DRobert]

Updated to v0.9.1.4x11-coin-1.0


Sorry about the confusion - here is the correct wallet

https://mega.co.nz/#!ZcN3xJBa!AusfqUpr6keImDaMKkOXnO165ZmEWl1WNfpuVX8EFkE

I am extremely stressed out right now. Where is the update for the macwallet??!?!?!

Same here, is there a updated MacWallet? If not, how does that affect the minting in my wallet?  I have 6000XC in my (mac)wallet and it is minting (bottom right symbol says " Minting, your weight is 7536, Networkweight is 52145. Expected time to earn rewards: 10 minutes"). But I see nothing else happening. Hope some1 can explain.

Lucky. My MacWallet says my coins aren't minting.

[WuzzD]

anyone else stuck on block 20001?

[DRobert]

Can anyone help me answer this question:

My wallet says my coins aren't minting because they aren't mature. What does this mean and how can I solve this problem?

I bought all my coins, so does this mean I am not eligible to POS? 

[ballzdeep]

join : https://www.minep.it/pool/xc

[Taner]

xc 620043.26 MH/s