[XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos

[Artoodeetoo]

Thanks for the concern, luckily we have multiple dev's and a full support team, which can be seen in the OP, so I think your "concern" is misplaced.

[1715044749]

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[madmanbts]

Thanks for the concern, luckily we have multiple dev's and a full support team, which can be seen in the OP, so I think your "concern" is misplaced.

I think I may have been misunderstood. Let me make it clear: I have absolutely no problem with the XC team which is great and possibly the best lineup. I was just replying to "therightmintality" who after reading my post decided that the best argument he can come up with is that the cloak dev does not have a public/known linkdin profile. I just wanted to make it clear that I don't care at all about who the cloak dev is and that it is not relevant for the discussion I brought up about markets anonymity and so on.

I am very invested in XC at the moment and I feel that it is in my best interest to bring up the discussion about future development plans and marketing. So synergistic says that the team has a plan for marketing but they are waiting for official release to put it in practice, I can totally understand this and I believe it is the right approach. However I have some doubts about the teams official position relative to the decentralized market problem. I had hoped that the community and the team will support this idea but this is not exactly the case. As I favor this development idea a lot I will just put some money in cloak so I get a piece of that action if it happens, and also keep the XC investment.

So there you have it.

[cyberhacker]

most of us have no problem with CLOAK or any other coins. as long as it is not outstraight scam. and cloak is great. dev is dedicated.

as to your argument, i suggest you PM the guy who spam cloak.

these arguments are not benefiting any coin but only waste a lot of space here and thread of cloak.

thanks.

[Teka]

another Exchange add XC as candidate!

http://www.btc38.com/altcoin/xc/?c=1

and highly likely they will add trading.

Nice

[holyprofit]

Questions/comments for the devs about wallet: I'm trying to stake with the OSX wallet. The tooltip at the bottom says 5 hrs to a reward (actually this number changes every time I
restart the wallet - now it say 14 hrs) but nothing ever appears. As I understood it this number should only go down until it stakes. It's unlocked for staking and tells me it has been minting since the 14th. Any ideas? I've spread the XC over 4 addresses so was expecting something regular - or am I misunderstanding how it should work. Is staking fully functional with the OSX wallet?

Some suggestions to help in your aim for perfection:
 - generally the tooltips are very cool, but could the staking tooltip update itself without me restarting the wallet?
 - I've noticed often the wallet takes a long time to sync if the computer has gone to sleep but when I then restart the wallet it it syncs immediately??
 - Also the show/hide the wallet puts it behind the other windows instead of on top. Is this normal? I never noticed it with bitcoin wallets.
 

[Artoodeetoo]

up to 30 days before wallet stakes mate, ive been going a good while on mine now and only had a few.. They will come though... I have not "optimised" my coins either for staking.....

[holyprofit]

up to 30 days before wallet stakes mate, ive been going a good while on mine now and only had a few.. They will come though... I have not "optimised" my coins either for staking.....

OK - ty. Do you know why the wallet says 14 hrs until reward though? What does that mean? 

[Artoodeetoo]

No, just looked though and mine says 335 days so see what happens in 14 hours lol

[JakeThePanda]

Staking:

I don't know why people have a hard time staking.  I typically unlock my wallet once every couple of weeks and it stakes rather quickly.  I think the people that have a hard time staking are people that are impatient and want to stake quickly because they want to sell their coins. It's so simple if you have the patience.

[cryptico]

I am staking as well Constantly Once a week since a month. You just need to wait.

[the_game1224]

I am staking as well Constantly Once a week since a month. You just need to wait.

Same here.  People over complicate how PoS works.  Could be anywhere from 8hrs to 30days.  Doesn't matter how often you stake either the interest will work out the same over a years time.

[JakeThePanda]

I am staking as well Constantly Once a week since a month. You just need to wait.

Same here.  People over complicate how PoS works.  Could be anywhere from 8hrs to 30days.  Doesn't matter how often you stake either the interest will work out the same over a years time.

Exactly, that's why I wait a while before unlocking.

[Teka]

Staking is sometimes a lottery, you might not a get reward till the 30th day but it will always add up to 3.33% per year.

[holyprofit]

Staking:

I don't know why people have a hard time staking.  I typically unlock my wallet once every couple of weeks and it stakes rather quickly.  I think the people that have a hard time staking are people that are impatient and want to stake quickly because they want to sell their coins. It's so simple if you have the patience.

I'm not impatient I just want to know how it works - and to understand what the wallet is telling me which seems to contradict the 8hrs to 30 days story. Perhaps I'm confusing minting and staking? (If I wanted to sell my coins to trade them I obviously wouldn't bother waiting around 30 days just for 0.3% bonus.)

Anyway as I understand it I simply unlock my wallet every week and if the coins have staked then it will appear.

[therightmintality]

most of us have no problem with CLOAK or any other coins. as long as it is not outstraight scam. and cloak is great. dev is dedicated.

as to your argument, i suggest you PM the guy who spam cloak.

these arguments are not benefiting any coin but only waste a lot of space here and thread of cloak.

thanks.

I have never posted on cloak's forum.  I was responding to "madmanbts" cloak "commercial" on this thread.  I think having an anonymous developer in this age of scam coins is a concern.  He also spoke of the onemmarket exchange.  I would much rather have a XC VISA that I can spend freely at any merchant...

[rockstahh]

Staking:

I don't know why people have a hard time staking.  I typically unlock my wallet once every couple of weeks and it stakes rather quickly.  I think the people that have a hard time staking are people that are impatient and want to stake quickly because they want to sell their coins. It's so simple if you have the patience.

I'm not impatient I just want to know how it works - and to understand what the wallet is telling me which seems to contradict the 8hrs to 30 days story. Perhaps I'm confusing minting and staking? (If I wanted to sell my coins to trade them I obviously wouldn't bother waiting around 30 days just for 0.3% bonus.)

Anyway as I understand it I simply unlock my wallet every week and if the coins have staked then it will appear.

Just buy 400 or so,,it's way easier!

[madmanbts]

most of us have no problem with CLOAK or any other coins. as long as it is not outstraight scam. and cloak is great. dev is dedicated.

as to your argument, i suggest you PM the guy who spam cloak.

these arguments are not benefiting any coin but only waste a lot of space here and thread of cloak.

thanks.

I have never posted on cloak's forum.  I was responding to "madmanbts" cloak "commercial" on this thread.  I think having an anonymous developer in this age of scam coins is a concern.  He also spoke of the onemmarket exchange.  I would much rather have a XC VISA that I can spend freely at any merchant...

Well, before accusing me of promoting cloak you should at least read in what context I mentioned cloak. By the same judgement you can accuse me of promoting bitcoin every time I  write the word. I know reading all the posts is to much to ask but at least reading the ones you chose to reply to, would just make my day.

[JakeThePanda]

Staking:

I don't know why people have a hard time staking.  I typically unlock my wallet once every couple of weeks and it stakes rather quickly.  I think the people that have a hard time staking are people that are impatient and want to stake quickly because they want to sell their coins. It's so simple if you have the patience.

I'm not impatient I just want to know how it works - and to understand what the wallet is telling me which seems to contradict the 8hrs to 30 days story. Perhaps I'm confusing minting and staking? (If I wanted to sell my coins to trade them I obviously wouldn't bother waiting around 30 days just for 0.3% bonus.)

Anyway as I understand it I simply unlock my wallet every week and if the coins have staked then it will appear.

I don't pay attention to the timer.  Pick one night every 2 weeks or so and unlock your wallet.  Lock it back up when it's done.  Easy game.

[therightmintality]

I just have a question: It there any talk about creating a decentralized market for xc, any plans for that whatsoever? I just think xc needs a way to make it spendable for eCommerce right away

this is the only thing cloak has planned that we dont, as far as i can tell.

I was hoping that a market is in the works...damn I like xc a lot but without a market we will be trailing cloak. I mean they also have some anon implementation that might work just as well as xc's implementation so then the only thing that would make a big difference is the market. Even if we get xc on the currency cards and ATMs there is nothing to spend it on except on the crowdfunding...Just my 2 pennies, what do you guys think?

XC plans on full POS integration, so you'll be able to spend it anywhere.

Also, by "market" I'm not sure whether you mean a place to exchange XC with other currencies or a place to buy various products with Cloak/XC, but the latter will be unnecessary if you can spend XC anywhere, and the former is a standard Blockchain 2.0 implementation that is on the cards for XC.

Secondly, stealth addresses are a pragmatic but weak form of anonymity.

I understand that introducing xc on the currency cards and ATMs will make it possible to spend it anywhere or exchange it for fiat but we can do this just as well with bitcoin. For xc there needs to be a different application, specific for anon coins, like an online market.

By market I refer to a completely decentralized online market that would use xc. For such a market to have success a true anon coin is necessary and xc is perfect for that. Otherwise there are little applications that would require the use of an anon coin. I mean using it to sponsor political parties is great but still...not enough. Also what point is there to keep the records of a online company private (using xc) if the actual business can not be conducted also in a private way (using a decentralized anon market based on xc). Do you get my point?

One thing is certain in my opinion: First anon coin that also gets a decentralized market will have a great advantage over the other anon coins simply for the fact that the currency velocity (the speed at which it circulates) will increase and will drive price higher, creating more stability, creating more demand and so on.

You have a good point there. Having a decentralised XC marketplace creates an environment where an anoncoin can flourish.

However there would be drawbacks:

- Getting real-world retailers onto the marketplace wouldn't be easy.

- Developing the marketplace would take time and a lot of capital.

- Focusing on a specific marketplace is at the expense of all the other marketplaces in the world. We want them all.

- There are ways to do real-world point-of-sale transactions where you ostensively pay in XC, the receiver gets fiat, and you don't disclose your identity. I've designed a system like this for Bitcoin actually. You'd directly pay another node that has an agreement with the retailer/POS provider. They'd exchange the funds for fiat and settle the amount with the retailer at end-of-day. Since normal retailers always trust mediators (banks, POS providers etc. etc.) this is no less trustworthy for them than normal. On the other hand the node doesn't need your personal details because it provably receives payment. So the retailer actually only transacts with the node; you're left safely out of the loop. The retailer trusts the node will pay at end-of-day and so is happy to let you walk out with the goods. The retailer/POS provider keeps track by matching your payment to the node's settlement via txID from the node when the node receives payment from you. Something like that... still have to figure it out for an anoncoin.

You have asked this in the past and it was answered by synechist... If you have a truly anonymous coin, as XC is, these markets will find you and develop their own system keeping the coin out of the seedy business and making it mainstream for other merchants.   I would also encourage those who don't think your fudding to read your post on cloak... You are pretty much for drugs and weapons...I do believe you say you would draw the line at murder and child porn.   XCurrency, which has a name that is benign to the masses, has a wide platform, and can be used easily, will be a much better alternative to a coin with a mystic name that will be used on a captive market where the products for sale are voted up or down by those receiving fees for transactions

[evtrmm]

Staking:

I don't know why people have a hard time staking.  I typically unlock my wallet once every couple of weeks and it stakes rather quickly.  I think the people that have a hard time staking are people that are impatient and want to stake quickly because they want to sell their coins. It's so simple if you have the patience.

I'm not impatient I just want to know how it works - and to understand what the wallet is telling me which seems to contradict the 8hrs to 30 days story. Perhaps I'm confusing minting and staking? (If I wanted to sell my coins to trade them I obviously wouldn't bother waiting around 30 days just for 0.3% bonus.)

Anyway as I understand it I simply unlock my wallet every week and if the coins have staked then it will appear.

I don't pay attention to the timer.  Pick one night every 2 weeks or so and unlock your wallet.  Lock it back up when it's done.  Easy game.

But how do you keep the network moving if this is everyones plan?  Wallets should be unlocked for staking always, or at least have a separate wallet with a portion of your coins to stake and protect the network.