Bitcoin Forum
August 26, 2019, 03:55:41 AM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: « 1 ... 762 763 764 765 766 767 768 769 770 771 772 773 774 775 776 777 778 779 780 781 782 783 784 785 786 787 788 789 790 791 792 793 794 795 796 797 798 799 800 801 802 803 804 805 806 807 808 809 810 811 [812] 813 814 815 816 817 818 819 820 821 822 823 824 825 826 827 828 829 830 831 832 833 834 835 836 837 838 839 840 841 842 843 844 845 846 847 848 849 850 851 852 853 854 855 856 857 858 859 860 861 862 ... 1641 »
  Print  
Author Topic: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos  (Read 1481757 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic.
JakeThePanda
Hero Member
*****
Offline Offline

Activity: 644
Merit: 500



View Profile
July 15, 2014, 12:51:14 PM
Last edit: July 15, 2014, 01:04:13 PM by JakeThePanda
 #16221

I don't understand why PoS coins are more of a concern than PoW?  Doesn't Ghash.io have more than 51% of the hash power on Bitcoin, or very close? If it's possible for a pool to gain 51% or very close to 51% on BITCOIN, then I don't see how any PoW can be safe in the near future.  So far, it seems much easier to attack a PoW than PoS.  Heh?

A couple of years down the road there will be many competing exchanges and most will only hold a small percentage of the outstanding issuance of any coin.  I see this as a problem that corrects itself over time.

You are right, pools are the problem of PoW.

But I mentioned, PoS can be attacked even easier, there is no need to possess 51% of all coins, just 51% staking ones. And it makes PoS to be attacked by hidden way.

As with PoW & Ghash.io - there is no possibility to hide such an electricity power, so the problem is 'bright shining', not 'accurately hidden' as in PoS coins.

So, generally speaking, PoS are much more vulnerable, but some tricks may fix it...

Does XC has that tricks to resist 51% staking attack, still being PoS?


I'm still not sure that PoS is more vulnerable.  Just because an attack on PoS would be a hidden sneak attack, it doesn't mean it's easier. Maybe we can think about it this way. If Bitcoin was PoS with the same market cap, media attention, current adoption and market penetration, and number of exchanges, how easy would it be to gain control of 51% of the staking coins?  It would probably be impossible. Most exchanges have a small % of the total Bitcoin and a large % of Bitcoin holders are very comfortable keeping BTC in a private wallet.  The cost of purchasing enough coin would be a lot of $billions. So, I would have to think that BTC with it's current infrastructure is a much easier target for a 51% attack as a PoW than if it was a PoS.  Thoughts?

It seems to me that PoS is easily the safer choice for a mass adopted coin.
1566791741
Hero Member
*
Offline Offline

Posts: 1566791741

View Profile Personal Message (Offline)

Ignore
1566791741
Reply with quote  #2

1566791741
Report to moderator
1566791741
Hero Member
*
Offline Offline

Posts: 1566791741

View Profile Personal Message (Offline)

Ignore
1566791741
Reply with quote  #2

1566791741
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1566791741
Hero Member
*
Offline Offline

Posts: 1566791741

View Profile Personal Message (Offline)

Ignore
1566791741
Reply with quote  #2

1566791741
Report to moderator
1566791741
Hero Member
*
Offline Offline

Posts: 1566791741

View Profile Personal Message (Offline)

Ignore
1566791741
Reply with quote  #2

1566791741
Report to moderator
1566791741
Hero Member
*
Offline Offline

Posts: 1566791741

View Profile Personal Message (Offline)

Ignore
1566791741
Reply with quote  #2

1566791741
Report to moderator
profitofthegods
Sr. Member
****
Offline Offline

Activity: 378
Merit: 250


View Profile WWW
July 15, 2014, 12:52:43 PM
 #16222

Hey guys,

I just published an article about XC on Devtome http://devtome.com/doku.php?id=xcurrency_xc

But I'm fairly new to this coin and wanted to check if I presented it right and got all my facts straight. All suggestions are welcome, I'm always happy to go back and make additions or alterations.
Particularly - any more useful links to related services I can include?
I don't know if it's accurate..but it is well written

Thank you, its kind of you to say so.
i could be wrong but I'm positive DRK was the first to use X11 if I'm wrong i apologize, article looks good and would catch the eye of any investor, thank you.

Thank you! In that case could you tell me why Bter calls XC 'X11 Coin'?
dadon
Legendary
*
Offline Offline

Activity: 1022
Merit: 1000



View Profile
July 15, 2014, 12:57:19 PM
 #16223

Hey guys,

I just published an article about XC on Devtome http://devtome.com/doku.php?id=xcurrency_xc

But I'm fairly new to this coin and wanted to check if I presented it right and got all my facts straight. All suggestions are welcome, I'm always happy to go back and make additions or alterations.
Particularly - any more useful links to related services I can include?
I don't know if it's accurate..but it is well written

Thank you, its kind of you to say so.
i could be wrong but I'm positive DRK was the first to use X11 if I'm wrong i apologize, article looks good and would catch the eye of any investor, thank you.

Thank you! In that case could you tell me why Bter calls XC 'X11 Coin'?

[/quote It was just the name the Dev had for it at the start then the community suggested it was changed because it wasn't the most marketable name in my opinion so it was a good idea, and he agreed and it got changed  to XC.

KimmyF
Sr. Member
****
Offline Offline

Activity: 672
Merit: 250


CurioInvest [IEO Live]


View Profile
July 15, 2014, 01:00:30 PM
 #16224

POS 51% attack doesn't necessarily acquire 51% coins.

it is possible to initiate such attack by owning 51% STAKING coins.

so if all the coins are in wallet and stake, the network will be secured.

the attack happened to C2 and NAVAJO is same.

the attacker owns a large amount of COINS, but not 51% of ALL COINS. most "investors" deposited on exchanges, cuz ppl do not have much faith in P&D coins. and exchanges do not stake.

so attacker can easily initiate double spend!

i don't think XC has such problem. and XC adopt POS like PPC, that is what i know best.

So as one can conclude, PoW coins are much more resistant, than PoS ones, in general, because 51% PoW attack needs 51% hash power, itself leads to expensive mining equipment & large pools.

But what about XC itself, being PoS coin, situation remains unclear to me... So, it will be very useful if somebody explains how XC behaves in that situation.


I don't understand why PoS coins are more of a concern than PoW?  Doesn't Ghash.io have more than 51% of the hash power on Bitcoin, or very close? If it's possible for a pool to gain 51% or very close to 51% on BITCOIN, then I don't see how any PoW can be safe in the near future.  So far, it seems much easier to attack a PoW than PoS.  Heh?

A couple of years down the road there will be many competing exchanges and most will only hold a small percentage of the outstanding issuance of any coin.  I see this as a problem that corrects itself over time.
I can't swallow that one statement: "Exchanges do not stake", why? As far as i know the major exchanges they do anything for a quick buck, just look at the P/D coins they accept.
If you are sitting on a lot of (other peoples) coins, why not stake them for some extra, why was there so much VRC in one (hot) wallet?

It there any way to check this on the blcokchain?

                       ░▒▒▒▒▒▒▒▒▒▒▒▒▒░░                                         
              ░░▒▓▓███▓▓░░████████████████▓░                                   
          ░▓▓▓▒██████████░ ███████████████████▒                                 
       ░▓██▒░  ███████████▓ ▒███████████████████▓▓▓▓▓████▓▓                     
  ▒▓▓▓██▒     ████████   ▒██░ ██████████▓▒░      █████████████████▓▓▒░         
 ▓█▒░░        ▒▒▓▓▓▓▓▓  ░▒███░ ▓▓▓▒░░   ░░▒▒▓▓███▓▓▓▓▓▓▒▒       ░▒▓███████▓▒░   
 █                                               ░▒▒▓▓██████████▓▒░░░▒▓██████▓█
 █▒  ▒▓▓▒░▒▓█▓▓▓▒▒▒▒░░                                    ░▒▓▓████████▓▓▒░   ▒█
 ░█ ▒████▓  ▒▒░▒▒▓▓▓▓██████████▓▓▓▒▒▒░                            ░▒      ░▓██ 
  ▒███▒▓▓██  ░              ▒░░█████▓▓▓▓██▓▓▒▒▒▒▓▓▓▓▓▒▒░░          ░░ ▓██████▓▓▒
    ▓█▓▓▒▓█▓ ▒              ▒▒▓███  ███████████▓▓█▓░░▒▒░░░  ▓███████▓████████ ▓█
     ░█  ▓██▓▒░░▒▓▓▓▓▓████████▓░   ████▒▒▓▓▓▓██████      ░ ████████▒█████▓▒  ▒█
      ▓▓▓▓████▓▒░░                ▒███ ░███▓█▓▓████░    ▓ ████████▓▓█▓▒    ▓▓▓ 
      ░▓█████▓▒▓██████▓▒░         ▒██▓ ██▒  ██▓▓████    ▒  ░            ▒██▒   
        ░▒         ░▒▓█████████▓▒  ██▒ █▓    ██▒█████    ▒▒▒░░░▒░░░█▓▒▓██▓     
                          ░▒▓█████████ ██    ▓█▒█████▓             ░▓██▓       
                                  ░▒▓█▓ ██ ░▒██░██████▓  ▒▒▒░   ▒▓███▒         
                                      █▓▒▓████░▓████▓ ▓▓▓██████████░           
                                       ▓█▓▓▓▓▓█████▓          ░▒▒               
                                         ▒▓▓██▓▒░                               
                                                                               
|
|

█████████████████████████
██ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ██
██ ███████████▀     ██ ██
██ ██████████▌   ▄▄▄██ ██
██ ██████████   ██████ ██
██ ███████          ██ ██
██ ███████▄▄▄   ▄▄▄▄██ ██
██ ██████████   ██████ ██
██ ██████████   ██████ ██
██ ██████████   ██████ ██
██▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄██
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

█████████████████████████
██ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ██
██ █████████████▀█████ ██
██ ███ ▀█████▀      ▀█ ██
██ ███     ▀▀      ▐██ ██
██ ███▌            ███ ██
██ ████▌          ▄███ ██
██ ██████       ▄█████ ██
██ ████▄▄▄▄▄▄▄████████ ██
██ ███████████████████ ██
██▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄██
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

█████████████████████████
██ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ██
██ ████████████▀▀▀████ ██
██ ████████▀▀     ████ ██
██ █████▀    ▄▀  ▐████ ██
██ ██▀     ▄▀    ▐████ ██
██ ████▄▄ █▀     █████ ██
██ ██████ ▄▄█   ▐█████ ██
██ ████████████ ██████ ██
██ ███████████████████ ██
██▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄██
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
|
Whitepaper
Ann Thread
Bounty Thread
battbot
Hero Member
*****
Offline Offline

Activity: 630
Merit: 500



View Profile
July 15, 2014, 01:17:52 PM
 #16225

POS 51% attack doesn't necessarily acquire 51% coins.

it is possible to initiate such attack by owning 51% STAKING coins.

so if all the coins are in wallet and stake, the network will be secured.

the attack happened to C2 and NAVAJO is same.

the attacker owns a large amount of COINS, but not 51% of ALL COINS. most "investors" deposited on exchanges, cuz ppl do not have much faith in P&D coins. and exchanges do not stake.

so attacker can easily initiate double spend!

i don't think XC has such problem. and XC adopt POS like PPC, that is what i know best.

So as one can conclude, PoW coins are much more resistant, than PoS ones, in general, because 51% PoW attack needs 51% hash power, itself leads to expensive mining equipment & large pools.

But what about XC itself, being PoS coin, situation remains unclear to me... So, it will be very useful if somebody explains how XC behaves in that situation.


I don't understand why PoS coins are more of a concern than PoW?  Doesn't Ghash.io have more than 51% of the hash power on Bitcoin, or very close? If it's possible for a pool to gain 51% or very close to 51% on BITCOIN, then I don't see how any PoW can be safe in the near future.  So far, it seems much easier to attack a PoW than PoS.  Heh?

A couple of years down the road there will be many competing exchanges and most will only hold a small percentage of the outstanding issuance of any coin.  I see this as a problem that corrects itself over time.
I can't swallow that one statement: "Exchanges do not stake", why? As far as i know the major exchanges they do anything for a quick buck, just look at the P/D coins they accept.
If you are sitting on a lot of (other peoples) coins, why not stake them for some extra, why was there so much VRC in one (hot) wallet?

It there any way to check this on the blcokchain?


Being a former dev of another coin, I can say that the operators of all major exchanges (MP, cryptsy, bittrex, & polo) all reported to me that staking is disabled on their exchanges for security reasons.

But, that was just their word, whether their practice aligns with it, I can't say.

XCurrency www.xc-official.com #xcofficial
XChat: XFCe4ue7yCeSvn22gisLXdfd9HhdVfr5uJ / 28VjdNMZMyF6UiHRqkSCi63UikfcdHXj8nRzhkb9GmHip
HKBvM
Sr. Member
****
Offline Offline

Activity: 398
Merit: 250


View Profile
July 15, 2014, 01:23:02 PM
 #16226

POS 51% attack doesn't necessarily acquire 51% coins.

it is possible to initiate such attack by owning 51% STAKING coins.

so if all the coins are in wallet and stake, the network will be secured.

the attack happened to C2 and NAVAJO is same.

the attacker owns a large amount of COINS, but not 51% of ALL COINS. most "investors" deposited on exchanges, cuz ppl do not have much faith in P&D coins. and exchanges do not stake.

so attacker can easily initiate double spend!

i don't think XC has such problem. and XC adopt POS like PPC, that is what i know best.

So as one can conclude, PoW coins are much more resistant, than PoS ones, in general, because 51% PoW attack needs 51% hash power, itself leads to expensive mining equipment & large pools.

But what about XC itself, being PoS coin, situation remains unclear to me... So, it will be very useful if somebody explains how XC behaves in that situation.


I don't understand why PoS coins are more of a concern than PoW?  Doesn't Ghash.io have more than 51% of the hash power on Bitcoin, or very close? If it's possible for a pool to gain 51% or very close to 51% on BITCOIN, then I don't see how any PoW can be safe in the near future.  So far, it seems much easier to attack a PoW than PoS.  Heh?

A couple of years down the road there will be many competing exchanges and most will only hold a small percentage of the outstanding issuance of any coin.  I see this as a problem that corrects itself over time.
I can't swallow that one statement: "Exchanges do not stake", why? As far as i know the major exchanges they do anything for a quick buck, just look at the P/D coins they accept.
If you are sitting on a lot of (other peoples) coins, why not stake them for some extra, why was there so much VRC in one (hot) wallet?

It there any way to check this on the blcokchain?


You can read that in the mintpal statemeant.

https://support.mintpal.com/index.php?module=announce&sec=view&id=18
dragnar
Sr. Member
****
Offline Offline

Activity: 280
Merit: 250


View Profile
July 15, 2014, 01:23:05 PM
 #16227

POS 51% attack doesn't necessarily acquire 51% coins.

it is possible to initiate such attack by owning 51% STAKING coins.

so if all the coins are in wallet and stake, the network will be secured.

the attack happened to C2 and NAVAJO is same.

the attacker owns a large amount of COINS, but not 51% of ALL COINS. most "investors" deposited on exchanges, cuz ppl do not have much faith in P&D coins. and exchanges do not stake.

so attacker can easily initiate double spend!

i don't think XC has such problem. and XC adopt POS like PPC, that is what i know best.

So as one can conclude, PoW coins are much more resistant, than PoS ones, in general, because 51% PoW attack needs 51% hash power, itself leads to expensive mining equipment & large pools.

But what about XC itself, being PoS coin, situation remains unclear to me... So, it will be very useful if somebody explains how XC behaves in that situation.


I don't understand why PoS coins are more of a concern than PoW?  Doesn't Ghash.io have more than 51% of the hash power on Bitcoin, or very close? If it's possible for a pool to gain 51% or very close to 51% on BITCOIN, then I don't see how any PoW can be safe in the near future.  So far, it seems much easier to attack a PoW than PoS.  Heh?

A couple of years down the road there will be many competing exchanges and most will only hold a small percentage of the outstanding issuance of any coin.  I see this as a problem that corrects itself over time.
I can't swallow that one statement: "Exchanges do not stake", why? As far as i know the major exchanges they do anything for a quick buck, just look at the P/D coins they accept.
If you are sitting on a lot of (other peoples) coins, why not stake them for some extra, why was there so much VRC in one (hot) wallet?

It there any way to check this on the blcokchain?


Being a former dev of another coin, I can say that the operators of all major exchanges (MP, cryptsy, bittrex, & polo) all reported to me that staking is disabled on their exchanges for security reasons.

But, that was just their word, whether their practice aligns with it, I can't say.
staking uses computer resources * the more coins the more resources *
this can lead into instability on the exchange itself ( lag slowness and crashes )
so its saver to disable it and in the end your xchange will generate more money from users if its stable and secure

so yes most smart/good xchanges disable it Wink

lol no ty
bearjewpacabra
Newbie
*
Offline Offline

Activity: 47
Merit: 0


View Profile
July 15, 2014, 01:27:54 PM
 #16228

the 24h volume is doing really great today!

It's been nine days since the Rev 2 beta was released.

rev2 beta was split into RC parts. The roadmap is still active.

even though the price blows for all us us holders, XC is still the best game in town by a long stretch! I just gotta Keep my mind off the price and the price off my mind!

i know ppl around here hate price speculation, but i look at this way, you have a crypto here that is superior to BTC in a lot of ways.
only 5 + million coins, fully POS so no new coins entering market so price is more stable then BTC DRK LTC etc.
 a lot faster too confirm transaction's making it more usable for wide spread adoption then other coins( plus we will have payment cards in the near future basically a debit card for XC)                                                                                                                                                  

it's got interest incentive via POS and Xnodes, encrypted & anonymous messaging (almost running) 100% anonymous transaction( running) both will become highly valued the more things are leaked and the government corruption on mass spying and intelligence gathering is exposed world wide.
also a hard working team, who get things done on time and over deliver, a Developer with excellent credentials, a transparent identity, and a vision that makes sense, all this adds up to a product that can dominate in the near future, if XC is marketed properly and i believe they will since we have a DEV who has helped run major company's in the past , therefor experience in managing major company's and that is what XC is set to become in the near future, but also no doubt he is contact with professional marketers who know how to sell XC, BTC's rise had a lot to do with the crises in Greece, lets be honest, the financial system world wide don't look good, a lot more country's banking institutions are going to be doing bank runs in the future, people are going to want to put there money into a solid asset before it's taken(gold and silver is hard to smuggle over borders a USB isn't), like citizens of Greece did.
if you had the decision of putting your money into BTC that isn't anonymous or XC that is, which would you choose knowing your bank owned government will take anything they can catch you with to please there masters, what would u choose? ( i know right now u need BTC to buy XC this will change in the future) the conclusion is the price of XC if marketed properly can be worth much more then BTC, it will ride on BTC to establish adoption quicker then it has, and price will not take years to take off because investors are on the look out for the BTC 2.0(and it's here) it has come around at the perfect time when government run surveillance is no longer conspiracy theory but conspiracy fact, and also when the financial system is extremely shaky and people getting nervous, XC has the perfect storm brewing to take it to prices never before seen in crypto, don't forget BTC has a tiny market cap compared to what it could, to be worth a million each even with all coins mined, it only needs to catch 1% of the world GDP and a lot of top investors and financial annalists are certain it will....what can XC be worth a product that is better, actually everything BTC wanted to be when it was first created and over 5x less product, 5x more rare..XC acceptance, recognition and major price spike will not take years and years like BTC, it has BTC's foundation to ride on, the future is big and bright for XC. congratulations to all who plan to hold long term it is by far the best decision you will ever make.

100% agree, nice summary Smiley
Pleasure to live this adventure with the XC community
i fell XC attracts a certain type of community, one that believes in human rights, freedom and hasn't forgotten the government works for us, love the XC community.

"freedom and hasn't forgotten the government works for us, love the XC community."

These kinds of statements make me sick to my stomach. Bout as much as seeing people worship a towel.
oblox
Legendary
*
Offline Offline

Activity: 1344
Merit: 1018


View Profile
July 15, 2014, 01:31:44 PM
 #16229

More of a spitball idea and maybe it is too simple to actual resolve the staking attacks that POS coins potentially can have happen but why couldn't there be a check in the client, something along the lines of "If network weight/stake = x and current coin stake >= % of weight/stake, staking disabled (or reduced to a non-threatening amount)". I've got to imagine something like this is possible given the restriction of staking when the wallet is locked and given that the network information is a variable.
conradjohnson
Full Member
***
Offline Offline

Activity: 158
Merit: 100



View Profile
July 15, 2014, 01:51:21 PM
 #16230

I notice someone launched a double spend attack on NAV. I don't want to be alarmist , but just want to check if that is possible with all POS coins?
Might as well clear it up and move on.
https://bitcointalk.org/index.php?topic=679791.msg7848188#msg7848188

https://bitcointalk.org/index.php?topic=679791.msg7848512#msg7848512

Please let me know if this is not appropriate and I'll delete it   Smiley

I join to the question.

As I predict by intuition (may be wrong), in PoS coin, 51% atack is still available, but one have to possess 51% of coins, not hash power.
So, if total PoS coin's volume has a tendency to be accumulated in few hands, 51% attack is even more dangerous, than for PoW coins,
because PoW requires real money to buy mining equipment. PoS coins do not, just exchange speculations.

Also I heard, 51% PoS holder may do 'stealth' fork, without entire blockchain corruption, and may 'stick' all other holders to his forked blockchain by hidden way.

Correct me, please, and explain, how things are going in XC.



This is a good question to bring up.  Are we protected against this style of attack?

JakeThePanda
Hero Member
*****
Offline Offline

Activity: 644
Merit: 500



View Profile
July 15, 2014, 02:06:25 PM
 #16231

I notice someone launched a double spend attack on NAV. I don't want to be alarmist , but just want to check if that is possible with all POS coins?
Might as well clear it up and move on.
https://bitcointalk.org/index.php?topic=679791.msg7848188#msg7848188

https://bitcointalk.org/index.php?topic=679791.msg7848512#msg7848512

Please let me know if this is not appropriate and I'll delete it   Smiley

I join to the question.

As I predict by intuition (may be wrong), in PoS coin, 51% atack is still available, but one have to possess 51% of coins, not hash power.
So, if total PoS coin's volume has a tendency to be accumulated in few hands, 51% attack is even more dangerous, than for PoW coins,
because PoW requires real money to buy mining equipment. PoS coins do not, just exchange speculations.

Also I heard, 51% PoS holder may do 'stealth' fork, without entire blockchain corruption, and may 'stick' all other holders to his forked blockchain by hidden way.

Correct me, please, and explain, how things are going in XC.



This is a good question to bring up.  Are we protected against this style of attack?



What do you mean, protected?  I thought this was a Mintpal issue, not an issue with VRC?
PowderMonkey
Member
**
Offline Offline

Activity: 105
Merit: 10


View Profile
July 15, 2014, 02:14:55 PM
 #16232

the 24h volume is doing really great today!

It's been nine days since the Rev 2 beta was released.

rev2 beta was split into RC parts. The roadmap is still active.

even though the price blows for all us us holders, XC is still the best game in town by a long stretch! I just gotta Keep my mind off the price and the price off my mind!

i know ppl around here hate price speculation, but i look at this way, you have a crypto here that is superior to BTC in a lot of ways.
only 5 + million coins, fully POS so no new coins entering market so price is more stable then BTC DRK LTC etc.
 a lot faster too confirm transaction's making it more usable for wide spread adoption then other coins( plus we will have payment cards in the near future basically a debit card for XC)                                                                                                                                                  

it's got interest incentive via POS and Xnodes, encrypted & anonymous messaging (almost running) 100% anonymous transaction( running) both will become highly valued the more things are leaked and the government corruption on mass spying and intelligence gathering is exposed world wide.
also a hard working team, who get things done on time and over deliver, a Developer with excellent credentials, a transparent identity, and a vision that makes sense, all this adds up to a product that can dominate in the near future, if XC is marketed properly and i believe they will since we have a DEV who has helped run major company's in the past , therefor experience in managing major company's and that is what XC is set to become in the near future, but also no doubt he is contact with professional marketers who know how to sell XC, BTC's rise had a lot to do with the crises in Greece, lets be honest, the financial system world wide don't look good, a lot more country's banking institutions are going to be doing bank runs in the future, people are going to want to put there money into a solid asset before it's taken(gold and silver is hard to smuggle over borders a USB isn't), like citizens of Greece did.
if you had the decision of putting your money into BTC that isn't anonymous or XC that is, which would you choose knowing your bank owned government will take anything they can catch you with to please there masters, what would u choose? ( i know right now u need BTC to buy XC this will change in the future) the conclusion is the price of XC if marketed properly can be worth much more then BTC, it will ride on BTC to establish adoption quicker then it has, and price will not take years to take off because investors are on the look out for the BTC 2.0(and it's here) it has come around at the perfect time when government run surveillance is no longer conspiracy theory but conspiracy fact, and also when the financial system is extremely shaky and people getting nervous, XC has the perfect storm brewing to take it to prices never before seen in crypto, don't forget BTC has a tiny market cap compared to what it could, to be worth a million each even with all coins mined, it only needs to catch 1% of the world GDP and a lot of top investors and financial annalists are certain it will....what can XC be worth a product that is better, actually everything BTC wanted to be when it was first created and over 5x less product, 5x more rare..XC acceptance, recognition and major price spike will not take years and years like BTC, it has BTC's foundation to ride on, the future is big and bright for XC. congratulations to all who plan to hold long term it is by far the best decision you will ever make.



This was a good read. +1


oblox
Legendary
*
Offline Offline

Activity: 1344
Merit: 1018


View Profile
July 15, 2014, 02:19:40 PM
 #16233

I notice someone launched a double spend attack on NAV. I don't want to be alarmist , but just want to check if that is possible with all POS coins?
Might as well clear it up and move on.
https://bitcointalk.org/index.php?topic=679791.msg7848188#msg7848188

https://bitcointalk.org/index.php?topic=679791.msg7848512#msg7848512

Please let me know if this is not appropriate and I'll delete it   Smiley

I join to the question.

As I predict by intuition (may be wrong), in PoS coin, 51% atack is still available, but one have to possess 51% of coins, not hash power.
So, if total PoS coin's volume has a tendency to be accumulated in few hands, 51% attack is even more dangerous, than for PoW coins,
because PoW requires real money to buy mining equipment. PoS coins do not, just exchange speculations.

Also I heard, 51% PoS holder may do 'stealth' fork, without entire blockchain corruption, and may 'stick' all other holders to his forked blockchain by hidden way.

Correct me, please, and explain, how things are going in XC.



This is a good question to bring up.  Are we protected against this style of attack?



What do you mean, protected?  I thought this was a Mintpal issue, not an issue with VRC?

All POS coins are at risk of a staking attack for those that hold 30%+ of the network weight, IIRC. As it relates to VRC, Mintpal was the issue that allowed a hacker to inject withdrawal code into their servers in which they obtained a large percentage of the outstanding VRC that happened to have been sitting in a hotwallet on their servers.
conradjohnson
Full Member
***
Offline Offline

Activity: 158
Merit: 100



View Profile
July 15, 2014, 02:21:08 PM
 #16234

I notice someone launched a double spend attack on NAV. I don't want to be alarmist , but just want to check if that is possible with all POS coins?
Might as well clear it up and move on.
https://bitcointalk.org/index.php?topic=679791.msg7848188#msg7848188

https://bitcointalk.org/index.php?topic=679791.msg7848512#msg7848512

Please let me know if this is not appropriate and I'll delete it   Smiley

I join to the question.

As I predict by intuition (may be wrong), in PoS coin, 51% atack is still available, but one have to possess 51% of coins, not hash power.
So, if total PoS coin's volume has a tendency to be accumulated in few hands, 51% attack is even more dangerous, than for PoW coins,
because PoW requires real money to buy mining equipment. PoS coins do not, just exchange speculations.

Also I heard, 51% PoS holder may do 'stealth' fork, without entire blockchain corruption, and may 'stick' all other holders to his forked blockchain by hidden way.

Correct me, please, and explain, how things are going in XC.



This is a good question to bring up.  Are we protected against this style of attack?



What do you mean, protected?  I thought this was a Mintpal issue, not an issue with VRC?

All POS coins are at risk of a staking attack for those that hold 30%+ of the network weight, IIRC. As it relates to VRC, Mintpal was the issue that allowed a hacker to inject withdrawal code into their servers in which they obtained a large percentage of the outstanding VRC that happened to have been sitting in a hotwallet on their servers.

This isn't the VRC/Mintpal issue... this is a NEW thing!!   (never a dull moment in crypto world.). 

Navajo coin was the subject of an attack of a new (now known) POS exploit.  Bittrex was the exchange.  Cloak coin hard forked to protect against it (I thinks).
leigh2k14
Legendary
*
Offline Offline

Activity: 1288
Merit: 1000



View Profile
July 15, 2014, 02:30:21 PM
 #16235

Come on Dan, release the finishing code for REV2. Smiley

























▄▄▄▄▄▄▄▄▄▄          ▄▄▄                   ▄▄▄▄▄▄▄                 ▄▄▄▄▄▄▄        ▄▄▄      ▄▄▄
████████████▄       ███                ▄███████████▄            ▄██████████      ███     ███▀
███     ▀▀███▌      ███               ████▀     ▀████         ▄███▀▀     ▀▀      ███    ███▀
███       ███▌      ███              ███▀         ▀███       ▄███                ███   ███
███     ▄███▀       ███             ▐██▌           ▐██▌     ▐███                 ███  ███
██████████▀         ███             ▐██▌           ▐██▌     ▐██▌                 ███ ███
███▀▀▀▀▀████▄       ███             ▐██▌           ▐██▌     ▐██▌                 ███  ███     ███           ███
███      ▀███▌      ███             ▐██▌           ▐██▌     ▐███                 ███   ███     ███         ███
███       ███▌      ███              ███▄         ▄███        ███                ███    ███     ███       ███
███     ▄▄███▌      ███               ████▄     ▄████         ▀███▄▄     ▄▄      ███     ███▄    ███▄   ▄███
████████████▀       ███████████        ▀███████████▀            ▀██████████      ███      ███▄    ███▄ ▄███
▀▀▀▀▀▀▀▀▀▀          ▀▀▀▀▀▀▀▀▀▀▀           ▀▀▀▀▀▀▀                  ▀▀▀▀▀▀        ▀▀▀       ▀▀▀     ███▄███
                                                                                                    ▀███▀
                                                                                                     ▀█▀



















 
Token Sale Starts on [ 12 October ]
[ PRESALE IS OPEN ] ●●●






































oblox
Legendary
*
Offline Offline

Activity: 1344
Merit: 1018


View Profile
July 15, 2014, 02:34:03 PM
 #16236

I notice someone launched a double spend attack on NAV. I don't want to be alarmist , but just want to check if that is possible with all POS coins?
Might as well clear it up and move on.
https://bitcointalk.org/index.php?topic=679791.msg7848188#msg7848188

https://bitcointalk.org/index.php?topic=679791.msg7848512#msg7848512

Please let me know if this is not appropriate and I'll delete it   Smiley

I join to the question.

As I predict by intuition (may be wrong), in PoS coin, 51% atack is still available, but one have to possess 51% of coins, not hash power.
So, if total PoS coin's volume has a tendency to be accumulated in few hands, 51% attack is even more dangerous, than for PoW coins,
because PoW requires real money to buy mining equipment. PoS coins do not, just exchange speculations.

Also I heard, 51% PoS holder may do 'stealth' fork, without entire blockchain corruption, and may 'stick' all other holders to his forked blockchain by hidden way.

Correct me, please, and explain, how things are going in XC.



This is a good question to bring up.  Are we protected against this style of attack?



What do you mean, protected?  I thought this was a Mintpal issue, not an issue with VRC?

All POS coins are at risk of a staking attack for those that hold 30%+ of the network weight, IIRC. As it relates to VRC, Mintpal was the issue that allowed a hacker to inject withdrawal code into their servers in which they obtained a large percentage of the outstanding VRC that happened to have been sitting in a hotwallet on their servers.

This isn't the VRC/Mintpal issue... this is a NEW thing!!   (never a dull moment in crypto world.). 

Navajo coin was the subject of an attack of a new (now known) POS exploit.  Bittrex was the exchange.  Cloak coin hard forked to protect against it (I thinks).

We were talking about VRC...

As it relates to Navajo, I haven't finished reading the thread but so far, it's not a new attack... it's the same instance of someone having a large percentage of coins in their wallet because so many people opt to keep them on exchanges, staked their coins on a private network for the confirms and then sold the coins on Bittrex. Again, this is well known for large percentage holders of POS coins as they have much weight over the network.
infinitechaos
Sr. Member
****
Offline Offline

Activity: 462
Merit: 250



View Profile
July 15, 2014, 02:51:59 PM
 #16237

Come on Dan, release the finishing code for REV2. Smiley

You're still asking for REV2 to be "finished"?

Please, take a look at the roadmap:

http://xc-official.com/about/

Everything listed under REV2 has been delivered. Therefore, it IS finished.

What you are looking forward to is REV 2.5 which has no clear release date yet.

We know that Dan and team have been testing encrypted messaging on testnet. Thus it would seem that REV 2.5 is coming along nicely and is perhaps not long from being ready.

Just please stop asking for a finished REV2 because it's already here.

        ▄▄█████████████▄▄       
     ▄███▀▀▀         ▀▀▀███▄     
   ▄███▀       ▄▄▄       ▀███▄   
  ███▀       ▄██▀██▄       ▀███ 
 ▐██▌        ██   ██        ▐██▌
 ███         ██▐█▌██         ███
▐██▌          ▀▐█▌▀          ▐██▌
▐██▌          ▄▐█▌▄          ▐██▌
 ███         ██▐█▌██         ███
 ▐██▌        ██   ██        ▐██▌
  ███▄       ▀██▄██▀       ▄███ 
   ▀███▄       ▀▀▀       ▄███▀   
     ▀███▄▄           ▄▄███▀     
        ▀▀█████████████▀▀       
B I T N A T I O N
G O V E R N A N C E  2.0


  Android app available now
▀█▄▄           
 ██▄▀███▄▄       
 ████▄▀████▀▄▄   
 ██████▄▀█▀█████
 █████▀▄███▄▀▀   
 ███▀▄██▀▀       
 █▀▄█▀▀         
INSTALL PANGEA
       IOS coming soon
leigh2k14
Legendary
*
Offline Offline

Activity: 1288
Merit: 1000



View Profile
July 15, 2014, 02:54:04 PM
 #16238

Come on Dan, release the finishing code for REV2. Smiley

You're still asking for REV2 to be "finished"?

Please, take a look at the roadmap:

http://xc-official.com/about/

Everything listed under REV2 has been delivered. Therefore, it IS finished.

What you are looking forward to is REV 2.5 which has no clear release date yet.

We know that Dan and team have been testing encrypted messaging on testnet. Thus it would seem that REV 2.5 is coming along nicely and is perhaps not long from being ready.

Just please stop asking for a finished REV2 because it's already here.

Wrong wrong wrong wrong!!!!!

It is still not finished.

























▄▄▄▄▄▄▄▄▄▄          ▄▄▄                   ▄▄▄▄▄▄▄                 ▄▄▄▄▄▄▄        ▄▄▄      ▄▄▄
████████████▄       ███                ▄███████████▄            ▄██████████      ███     ███▀
███     ▀▀███▌      ███               ████▀     ▀████         ▄███▀▀     ▀▀      ███    ███▀
███       ███▌      ███              ███▀         ▀███       ▄███                ███   ███
███     ▄███▀       ███             ▐██▌           ▐██▌     ▐███                 ███  ███
██████████▀         ███             ▐██▌           ▐██▌     ▐██▌                 ███ ███
███▀▀▀▀▀████▄       ███             ▐██▌           ▐██▌     ▐██▌                 ███  ███     ███           ███
███      ▀███▌      ███             ▐██▌           ▐██▌     ▐███                 ███   ███     ███         ███
███       ███▌      ███              ███▄         ▄███        ███                ███    ███     ███       ███
███     ▄▄███▌      ███               ████▄     ▄████         ▀███▄▄     ▄▄      ███     ███▄    ███▄   ▄███
████████████▀       ███████████        ▀███████████▀            ▀██████████      ███      ███▄    ███▄ ▄███
▀▀▀▀▀▀▀▀▀▀          ▀▀▀▀▀▀▀▀▀▀▀           ▀▀▀▀▀▀▀                  ▀▀▀▀▀▀        ▀▀▀       ▀▀▀     ███▄███
                                                                                                    ▀███▀
                                                                                                     ▀█▀



















 
Token Sale Starts on [ 12 October ]
[ PRESALE IS OPEN ] ●●●






































G-Bert
Sr. Member
****
Offline Offline

Activity: 336
Merit: 250


View Profile
July 15, 2014, 02:57:17 PM
 #16239

Come on Dan, release the finishing code for REV2. Smiley

You're still asking for REV2 to be "finished"?

Please, take a look at the roadmap:

http://xc-official.com/about/

Everything listed under REV2 has been delivered. Therefore, it IS finished.

What you are looking forward to is REV 2.5 which has no clear release date yet.

We know that Dan and team have been testing encrypted messaging on testnet. Thus it would seem that REV 2.5 is coming along nicely and is perhaps not long from being ready.

Just please stop asking for a finished REV2 because it's already here.

Wrong wrong wrong wrong!!!!!

It is still not finished.

true. the version is 1.9.4 or something. not 2.0.

XChat XJkVnYD4N4oSjNStgbAUD6UyWuBTWuMRgv
public key  fuYPYmK4Sj57PkU2NKg1gKW91euMKkstQPeeexUcxnb8
evtrmm
Sr. Member
****
Offline Offline

Activity: 392
Merit: 250

So much for "Community"


View Profile
July 15, 2014, 02:59:42 PM
 #16240

Any updates on what the pr team has been doing? Any new announcements soon?
Pages: « 1 ... 762 763 764 765 766 767 768 769 770 771 772 773 774 775 776 777 778 779 780 781 782 783 784 785 786 787 788 789 790 791 792 793 794 795 796 797 798 799 800 801 802 803 804 805 806 807 808 809 810 811 [812] 813 814 815 816 817 818 819 820 821 822 823 824 825 826 827 828 829 830 831 832 833 834 835 836 837 838 839 840 841 842 843 844 845 846 847 848 849 850 851 852 853 854 855 856 857 858 859 860 861 862 ... 1641 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!