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

[ReRunRod]

XC Marketcap officially higher than BC

www.coinmarketcap.com

It is fighting that spot! Let's see how long it can hold it for!

[Ezravdb]

XC Marketcap officially higher than BC

www.coinmarketcap.com

It is fighting that spot! Let's see how long it can hold it for!

Now it's Mastercoin's turn

[Seldar]

I think there is an error on the website.
It's written "90 seconds block time", it should be "90 minutes" 

[mr_random]

I collated these points from the developer of things to look forward to in the future, to build upon our already solid foundation:

The mixer technology will be multi-path across a cluster of xnodes which runs over the encrypted protocol, so it won't be a central server, it would be similar to a distributed cluster, and the data is encapsulated inside that encrypted tunnel to prevent off-the wire sniffing (or off-the-air* for the mobile platform)...  DRK didn't "invent" supernodes or the concept, and while some of concepts are similar and/or overlap, we are on a different path than DRK and as we refine the platform, it will be clear why our design, implementation and infrastructure is superior as we will have autonomous supernodes using PKI that can scale up and out to become a distributed anonymous application platform

This is why the multi-path paradigm network I built back in 2005 still functions to do this day and scaled up to meet the demands of 2014... think back to 2005, granted we had the internet, but not the mobile technology - and that is a key part of my background is mobility that will be leveraged in the android anonymous POS wallet

(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 )

If your waiting for NSA proof anonymity - well that is the goal of our REV 2 release..

No, mixing is only part of it, XC now contains a completely new transaction protocol layer that is encrypted and will be leveraged as a platform for all sorts of concepts.... and it will leverage multi-path paradigm topology (which again is a custom developed concept based on dual-path paradigm)So mixing is just the first application to run on top of this new protocol........ Don't want this key point to get lost --- mixing is just the first application, the list is long and the potential is huge, and since the foundation has been built and deployed, it is now time to build on that foundation.... with some revolutionary concepts and idea's.....

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

[Profetu]

No doubt the next phase of development on this is make or break. Like any development project it has milestones, some more important than others.

The delivery of decentralised anonymous nodes is crucial to the whole project.

Let's be fair though here, the developer has, so far, delivered an anon wallet, even if it is centralised. No one else has. Looking at his past projects I have a fair degree of confidence that he will be able to deliver the decentralisation of this protocol.

At the end of the day only time will tell if it can be delivered on spec and on time. The gamble people are making at present on investing in this coin is whether he can do it or not.

It's a bet, place your money now ladies and gentlemen.

If he succeeds on delivering what he said on spec and on time, this will become the 2nd coin. I have no doubt. If not, it will go the way of the many other alts that litter the route of the crypto.


Personally I'm holding, and holding hard.  If decentralised anon transactions using the xnodes is delivered to the spec shown, such moon, many win.

Indeed. But as many others I am also interested in how the coin works and what exactly the dev has envisioned for it. He might not want to spill all his secrets, but some info is required to ease the mind of supporters.

I guess you see bigger profits with this coin than with Antminers?

[laredo7mm]

I think there is an error on the website.
It's written "90 seconds block time", it should be "90 minutes" 

Something needs to be done about that. Not sure if I am reading the time right, but the last block was one hour 45 minutes ago?

[Astroxjr]

Market cap climbing and massive volume, so plenty of interest in the future of the coin.

I guess find out a price for the code to be checked and ask for donations ?

[blacky90]

its a typical pump and dump scam coin!!

[Teka]

its a typical pump and dump scam coin!!

Thanks for the feedback and your opinion.

[Astroxjr]

Oh and Sell walls are vanishing fast :p

[AlexGR]

XC taking a run for BC on www.coinmarketcap.com guys

The distribution in that coin is sick. There are bagholders with 200-300k bragging in the forum. What are people expecting when buying?

At market cap of >10mn has to top at some point. Some of the fundamentals are there (dev seems qualified) and some seem lacking and that's not good because it'll attract attention that it doesn't want to. "oh, so what? you are just a centralized mixer... that's not very anonymous".

The only thing that exists is a basic mixer like DarkSend pre-alpha status - and even this is controlled with cmd, not gui. The rest are "in development" for 3weeks / a month ahead+. It's not decentralized btw. Decentralization is a future plan (rev 2.0) as is strong anonymity (aiming NSA-proof levels). Of course, even the current implementation is closed-source for obvious reasons (=>avoiding copycats).

The "sugar" in the implementation is the network expertise of the dev to add encrypted communication - something that DarkSend has plans for. The application platform through the network and its supernodes are stuff like encrypted messaging systems built-in with the wallet - which might even extend to mobile devices.

Essentially the dev is giving a vote of confidence to the DRK model by adopting a lot of its aspects (on paper at least - because in implementation its not done) but doing the POS spinoff to be "first POS anon" and spicing it up with network encryption.

Competition is good because it allows better focus on the job at hand. The anonymous / private market will have a good marketcap, so there is plenty of room for clones, imitators, spinoffs, new entrants, second/third generation coins with anonymity etc. If even 10% of the transactions go private/anonymous, we are talking about a market of 700mn marketcap shared between anon coins. We are running close to 1% of the transparent market right now (all anon coins combined) and that with problems (BCN & clones) and projects in development (DRK, X11coin etc). There's much more to come I believe for the whole market, but every single solution must mature.

[Seldar]

Something needs to be done about that. Not sure if I am reading the time right, but the last block was one hour 45 minutes ago?

Only one hour  

[Junkey]

[Ezravdb]

I think we have surpassed Mastercoin now

Wow now THAT was a nice little shakeoff!!!

Got my buys filled at 378K!!!

[ReRunRod]

XC Marketcap officially higher than BC

www.coinmarketcap.com

It is fighting that spot! Let's see how long it can hold it for!

Now it's Mastercoin's turn

Not too far away

[Ezravdb]

Another 100% tomorrow guys? 

[Teka]

Congrats everyone, all time high.

[Ezravdb]

#9 now!

[dragnar]

time to nom nom nom nom nom

[ReRunRod]

Congrats everyone, all time high.

BOOM CHAKA LAKA!