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

[Alisho]

- How long has the coin been in development?

Is the start of the bitcointalk any indication of it's age? That would be very young, unless there's been ongoing development in the past. But there are no such hints in the github repository.

- When if is going to be code responsible for anonymising transaction released?

Currently the repository contains no traces of any code responsible for such features.

I've heard vague claims that the XNodes features are ought to be implemented in 3 weeks of time. That's a bold claim considering there's not even a binary release of a wallet containing such functionality.

There's not even an ongoing or planned testing phase announced by the developer or community. That's pretty crucial because lots of money is at stake. Do people really want to risk their assets in the near future? What if the implementation does not reach expectations? What if the implementation is flawed or exploitable? What if the implementation is not working? What happens when it's realesed (as claimed in 3 weeks) into the wild, to a 10$ million market. There's a reason why the likes of Zerocoin take months and are still not ready. 3 weeks is not even enough to write a moderately complex iPhone app.
Who is appointed to test and audit the code? Who is appointed to verify it?


 

Ifs can be said about all coins, including BTC.  Yes, there are risks.  Who says the dev has only been working on this for 3 weeks?

You are correct, but people put faith in currencies like BTC because they are established, well known and more importantly have been around for a long time. Had the developer been working on the coin longer than 3 weeks this would have reasurred me and many others that thing is legit. There's no indication of it though in the repository, though. I'd like to be proven wrong.

What I am worried is that as of today the coin is realistically speaking no different than the other PoS coins we've had in the recent months. Yes, planned functionality sets it apart, but it's just planned functionality without a concrete backing.

If nothing else, we actually know who the developer is.  He owns his own company and is putting his reputation at risk.  I think this alone sets it apart.

Can you link me a post, thread or twitter message or anything where the dev is revealing his identity?

why so lazy? Go check all the posts of the dev! "atcsecure"! He gave his identity on a post..

[Brilliantrocket]

I'll invest when the dev delivers something that isn't just a Fedoracoin copy (centralized mixer).

[ibfragalot2]

Big claims, little actually delivered. Be cautious.

I'll invest when the dev delivers something that isn't just a Fedoracoin copy (centralized mixer).

Took about 2.5 seconds to check your post history, Mr Darkcoin. Why don't you just buy in and hold both coins? Or are you too heavily invested in DRK ?

FUD. FUD FUD FUD. C'mon. Too obvious.

[Mountaingoat]

Will XC go up again do you think?

[maxsinner]

I'll invest when the dev delivers something that isn't just a Fedoracoin copy (centralized mixer).

You expect to have the same risk when investing @ $0.5,$1.5 and $15? Well, mate sorry to disappoint you but it does not work like that.

[mr_random]

well, hype on shiny promises seems to slow down, i think the coin will cool down until we see actual proof of xnodes working.

To be honest, that's not a bad thing. The coin is so young and rose so fast. It's becoming dangerous to go higher just on faith.

We are already way ahead of way DRK was at a similar time in it's own development.

I am stocking up at this bargain basement prices as much as I can afford.

[Brilliantrocket]

Big claims, little actually delivered. Be cautious.

Took about 2.5 seconds to check your post history, Mr Darkcoin. Why don't you just buy in and hold both coins? Or are you too heavily invested in DRK ?

Like I said, I'll buy XC when the dev delivers something original. And not just words, talk is cheap.

[drawingthesun]

If nothing else, we actually know who the developer is.  He owns his own company and is putting his reputation at risk.  I think this alone sets it apart.

Can you link me a post, thread or twitter message or anything where the dev is revealing his identity?

What exactly are you trying to achieve? Ah, let me guess... you want to save people from losing their precious BTC. You are such a noble soul. Can you link me a post, thread or twitter message where you are revealing your identity?

Ah the old answer a question with a question game!

He's trying to find out the identity of the developer so he can confirm JakeThePanda's claim and make a better decision towards investing in this coin.

Why couldn't you just answer instead of attacking candl for asking a very straightforward question?

What exactly are you trying to achieve?

[Brilliantrocket]

I'll invest when the dev delivers something that isn't just a Fedoracoin copy (centralized mixer).

You expect to have the same risk when investing @ $0.5,$1.5 and $15? Well, mate sorry to disappoint you but it does not work like that.

I'd rather pay $10 once I know it isn't vaporware.

[mr_random]

I'll invest when the dev delivers something that isn't just a Fedoracoin copy (centralized mixer).

Stop spreading blatant lies and FUD.

After your DRK twitter account spread that BS it caused the price to crash, unfairly costing innocent investors money. I urge those people not to panic. From the dev:

lol fud

I have never said anything bad about drk and neither has the dev. We have always respected them. In my personal opinion they have gone to far spreading this on their official twitter.

Ah, the best part is the file says fedora in it, it doesn't say "XC or X11Coin" come on...the fedora mixer isn't even open source so what does that tell you?

I expect trolls to spread fud but not the official Darkcoin twitter, that is just low.

Yup - So tomorrow - XC will provide a glimpse into it's code for people to review

please be careful about what to show so that other coins cannot copy the critical information in the code, thx.

can not agree more

otherwise xc can be cloned the day after tomorrow Orz...

agreed, the investment will be protected.  I've ignored this childish behavior since it has started, but this has gone far enough.  

#

How about we organize a peer review for the code that has been developed?

[ibfragalot2]

Will XC go up again do you think?

There was some seriously well coordinated FUD (fear, uncertainty, doubt) spread today, one after the other, well planned operation, multiple arenas at the same time. This was a coordinated strike. Yet the coin still stands strong. It was already back to 0.0035 about an hour ago, then the USA woke up, read the FUD, and dumped without thinking. Ouch. At least they can buy back in at good prices for a short time.

Anyway, I would expect it to return to where it was before (approaching 0.005) within the next 1-3 days, though really depends how the dev + team approach the FUD attack today, it really was a well orchestrated attack.

[7vpo]

Improved. If desired, I can deliver a full vector.

[candl]

- How long has the coin been in development?

Is the start of the bitcointalk any indication of it's age? That would be very young, unless there's been ongoing development in the past. But there are no such hints in the github repository.

- When if is going to be code responsible for anonymising transaction released?

Currently the repository contains no traces of any code responsible for such features.

I've heard vague claims that the XNodes features are ought to be implemented in 3 weeks of time. That's a bold claim considering there's not even a binary release of a wallet containing such functionality.

There's not even an ongoing or planned testing phase announced by the developer or community. That's pretty crucial because lots of money is at stake. Do people really want to risk their assets in the near future? What if the implementation does not reach expectations? What if the implementation is flawed or exploitable? What if the implementation is not working? What happens when it's realesed (as claimed in 3 weeks) into the wild, to a 10$ million market. There's a reason why the likes of Zerocoin take months and are still not ready. 3 weeks is not even enough to write a moderately complex iPhone app.
Who is appointed to test and audit the code? Who is appointed to verify it?


 

Ifs can be said about all coins, including BTC.  Yes, there are risks.  Who says the dev has only been working on this for 3 weeks?

You are correct, but people put faith in currencies like BTC because they are established, well known and more importantly have been around for a long time. Had the developer been working on the coin longer than 3 weeks this would have reasurred me and many others that thing is legit. There's no indication of it though in the repository, though. I'd like to be proven wrong.

What I am worried is that as of today the coin is realistically speaking no different than the other PoS coins we've had in the recent months. Yes, planned functionality sets it apart, but it's just planned functionality without a concrete backing.

If nothing else, we actually know who the developer is.  He owns his own company and is putting his reputation at risk.  I think this alone sets it apart.

Can you link me a post, thread or twitter message or anything where the dev is revealing his identity?

What exactly are you trying to achieve? Ah, let me guess... you want to save people from losing their precious BTC. You are such a noble soul. Can you link me a post, thread or twitter message where you are revealing your identity?

Seems to be common knowledge who the developer is. Wouldn't it be good publicity to do an interview with him or something? So how come I can't find him mentioning anywhere his identity?

[Mountaingoat]

Will XC go up again do you think?

There was some seriously well coordinated FUD (fear, uncertainty, doubt) spread today, one after the other, well planned operation, multiple arenas at the same time. This was a coordinated strike. Yet the coin still stands strong. It was already back to 0.0035 about an hour ago, then the USA woke up, read the FUD, and dumped without thinking. Ouch. At least they can buy back in at good prices for a short time.

Anyway, I would expect it to return to where it was before (approaching 0.005) within the next 1-3 days, though really depends how the dev + team approach the FUD attack today, it really was a well orchestrated attack.

It is down to 220k where I am standing, so I don't know where you get that from.

[Brilliantrocket]

I never said XC was a direct copy of Fedoracoin, just that both use a very similar mixing service.

[atcsecure]

Well never a dull moment..... It is amazing the lengths will people will attack something they either fear or don't understand.  and for those that are in the know - FedoraCoin and its mixer technology is closed source - DRK knows this as that is the source they are using - so this attack is nothing but BS.

[maxsinner]

Improved. If desired, I can deliver a full vector.

Are we going to be the official cryptocurrency partner of the World Cup?

[atcsecure]

I never said XC was a direct copy of Fedoracoin, just that both use a very similar mixing service.

This isn't true at all... XC code for the mixer was written from the ground up

[the_game1224]

Well never a dull moment..... It is amazing the lengths will people will attack something they either fear or don't understand.  and for those that are in the know - FedoraCoin and its mixer technology is closed source - DRK knows this as that is the source they are using - so this attack is nothing but BS.

Definitely something they fear.  XC is a threat to them and this was a sign of panic on their part.

[dida]

Will XC go up again do you think?

Yes It will don't worry...I think that DEV. will make public his code tomorrow for review