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Author Topic: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos  (Read 1481792 times)
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July 21, 2014, 08:15:15 AM
 #17221

Wealth Distribution

Top N addresses   Holdings   Percentage
Top 10   1,731,366 XC   31.38 %
Top 100   4,188,332 XC   75.91 %
Top 1000   5,363,999 XC   97.21 %
All 5782   5,517,852 XC   100 %

More and more people are getting on board.
Glad to see some TOP 10 people distributed their coins at low price.

let the price do the talking.

short term price talks nothing.  Grin



Really?
yes.
Don't hesitate to dump all your XC coins(if you have) please. Panic dump is welcome. Duuuuuuuuuuump PLZ.

Again, I'll just let the price, do the talkin'

We're currently at 140k Cry

How many other people thought that we would get a fully working Xnode system on the 7/7? not just me?

We have been confused for the last two weeks, quite a few people thought the Dev would deliver this last night, but nothing was delivered, did he even deliver the update for the Privacy UI? This is why the price is sucking right now.

I'll be honest i'm on the fence with XC right now, this is why I sold half of my holdings, this may change either way over the next week or two.

Another thing, stop saying "it will be released when it's ready and not before" this is a sucky attitude to have, and does not inspire investor confidence.



No, people like you do not inspire confidence with your Chicken little sky is falling attitude because they didnt fit YOUR timetable.  I have nothing but respect and confidence in these devs as they are not your run of the mill incognito scam artists that pollutes these forums.   

Seems people forget including this muppet the coin is still very new, and so far everything works as described, seems like you want a fancy bullshit wallet that give headjobs as well as your "full xnode anon"  which does work right now, why the hurry are you james bond and need to transfer millions secretly now ? whatever dude, dump the rest of your bag like a good panic seller and I will gladly hold all the new xc I been picking up - as I know better then to get all pissy and moody because all my day trading profits vanished which is what your post screams of. 

For the record I always read ATCSECURES posts and his teams, NEVER EVER EVER do I listen for news about this coin from majority in this thread - including you.   

Ding Ding. We have a winner!!!

Please stop asking for release dates. All you guys want to do is ride the Pump before the release is out and then Dump. Ex: 20 BTC sell from 175k to 140k. This is why the price has been like this. Its BS to XC pricing at 145k. Shit coins are higher than XC. SMH. sigh...
 
Leigh2k14. Please stop. If you don't have confidence in this coin, don't invest in it. NUFFSAID.

Second this.
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July 21, 2014, 08:18:51 AM
 #17222

Its not what you say mate, its just that was what was posted by Dan and was basically the release message for REV 2..

I am well aware you have since added to that numerous times, but that was the REV2 release message that many people waited to see... And what I am saying is, this is the reason for the confusion.... This was read by a lot of people who came to see REV 2 released, and that is what Dan wrote...

This is why I would (personally) like a REV 2 statement out of Dan to say - yes its out, it does all of these things, as I cannot find that information from him as a formal announcement to update his initial REV 2 announcement....

Just my opinion but I think this is the root of the problem.

My opinion is that if Dan were to post here, stating that Rev 2 functionality has been out since 7/7/14, so few people would notice it that it would make no greater difference than my numerous posts.


I also don't think that a statement from Dan will make people believe what I say. It's not as if anyone has a reason to mistrust me or anyone else on the team. It's just that too many people don't pay sufficient attention to the facts and then spread misinformation.



Fair enough mate, if you do go back to posts around the 660 page mark, when ATC posted that update, the board was so busy.... That statement therefore was seen by many.... I believe it is the reason for all of the confusion, as you noted when I posted it, there is very little to it and its unclear what was delivered.... Again just my opinion..

DASH #DashDC #DashIntoDigitalCash
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July 21, 2014, 08:24:21 AM
 #17223

Every child in here wants a statement from Daddy (atcsecure).

Why don't you guys use the XC anon feature for your transactions and figure out its features? Oh right, most of you don't give a fuck about it. Please stop wasting the mods + devs + my time with these whiny comments.
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July 21, 2014, 08:31:49 AM
 #17224

there is very little to it and its unclear what was delivered.... Again just my opinion..

Fair enough. In that case I'll say it again and keep saying it:

The full Rev 2 has been out since 7/7/14

The final Rev 2 will just be refinements and UI improvements

Rev 2 includes an unprecedented world-first: trustless mixing

Rev 2 is multinode multipath: transaction fragments are sent to multiple nodes and then mixed and forwarded trustlessly

Private transactions are multisig and nodes cannot steal coins

Every XC app is an Xnode

      (You don't need 550XC to run an Xnode)

XC's anonymity level is ridiculously high. There's nothing like it.



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July 21, 2014, 08:43:24 AM
 #17225

Why not set a bounty for GUI design??? think about what we did for XC LOGO.
I think wallet UI inheriting from BTC is really ugly!!!
Current GUI just like a win95 application!!!! FUCK!

xchat: XNvUSCdvZgZcXsYd3Gs91w8tKQmeMKHS9G
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July 21, 2014, 08:47:10 AM
 #17226

Every child in here wants a statement from Daddy (atcsecure).

Why don't you guys use the XC anon feature for your transactions and figure out its features? Oh right, most of you don't give a fuck about it. Please stop wasting the mods + devs + my time with these whiny comments.

+1


The "sky is falling" trolls are out in full force tonight.  Wow.

Leigh2k14... you are one serious impulsive and impatient MF...    How old are you?  5?   

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July 21, 2014, 08:47:53 AM
 #17227

Could you please remind, what prevents malicious party from creating so many Xnodes that it would allow them to see the majority of private transactions? As far as I understand, there are no specific requirements (like 550 XCs before) so it's fairly easy for one party to have like 99% of the network nodes.

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July 21, 2014, 08:48:06 AM
 #17228

HI, the developer, when to start released Rev 3 ?
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July 21, 2014, 08:48:33 AM
 #17229

Why not set a bounty for GUI design??? think about what we did for XC LOGO.
I think wallet UI inheriting from BTC is really ugly!!!
Current GUI just like a win95 application!!!! FUCK!


The UI for Rev 3 is going to be incredible.

Work on this is already underway.

You should get a preview of it sometime around Rev 2.5 as per the roadmap. ;-)

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July 21, 2014, 08:49:58 AM
 #17230

Could you please remind, what prevents malicious party from creating so many Xnodes that it would allow them to see the majority of private transactions? As far as I understand, there are no specific requirements (like 550 XCs before) so it's fairly easy for one party to have like 99% of the network nodes.

If doesn't matter how many Xnodes one person owns: trustless mixing makes it impossible to steal coins.


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July 21, 2014, 08:50:42 AM
 #17231

Could you please remind, what prevents malicious party from creating so many Xnodes that it would allow them to see the majority of private transactions? As far as I understand, there are no specific requirements (like 550 XCs before) so it's fairly easy for one party to have like 99% of the network nodes.

It's depending on algorithm of rounting. If there's no coins in this wallet, it might not be selected into the sending path.
Just could avoid this issue in algorithm, I think.

xchat: XNvUSCdvZgZcXsYd3Gs91w8tKQmeMKHS9G
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July 21, 2014, 08:54:11 AM
 #17232

Could you please remind, what prevents malicious party from creating so many Xnodes that it would allow them to see the majority of private transactions? As far as I understand, there are no specific requirements (like 550 XCs before) so it's fairly easy for one party to have like 99% of the network nodes.

If that person has 99% of the network nodes, then the price would be bitcoin level cause just trying to buy up that much coins would push it to astronomical level....  he can steal all the coins he wants because then it's his value to lose....  

ps.  he still can't steal cause the Xnodes are trustless, but it would be nice if he tries to get 99% of the coins due to the above price pushing skyward effect though  Grin

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July 21, 2014, 08:56:01 AM
 #17233

Could you please remind, what prevents malicious party from creating so many Xnodes that it would allow them to see the majority of private transactions? As far as I understand, there are no specific requirements (like 550 XCs before) so it's fairly easy for one party to have like 99% of the network nodes.

If doesn't matter how many Xnodes one person owns: trustless mixing makes it impossible to steal coins.


This is the whole point about the word "trustless": you don't have to trust other nodes.

Their owners could have whatever intentions they like and it'll make no difference. Trustless mixing ensures coins get to where they're intended to go.

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July 21, 2014, 08:58:19 AM
 #17234

Could you please remind, what prevents malicious party from creating so many Xnodes that it would allow them to see the majority of private transactions? As far as I understand, there are no specific requirements (like 550 XCs before) so it's fairly easy for one party to have like 99% of the network nodes.

If that person has 99% of the network nodes, then the price would be bitcoin level cause just trying to buy up that much coins would push it to astronomical level....  he can steal all the coins he wants because then it's his value to lose.... 

No you guys are mistaken. There's currently no 550 XC requirement, and it's not necessary to have one because mixing is trustless.

This means that you don't have to trust other nodes. It makes no difference what their intentions are; your payments will reach the intended destination.

(Note though that we may add a minimum XC requirement for other purposes. But it won't be to improve the security of the network.)

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July 21, 2014, 09:01:20 AM
 #17235

Here's our latest roadmap to Rev 3 and beyond!

- the Rev 2 "UI update" is a progress bar for private transactions and send fail/success confirmation. It's not the major Rev 3 UI update.

- private transactions and EM will be merged into a single app at Rev 2.5.









So this is what's new:

- UI update at Rev 2

- Rev 3 UI preview at Rev 2.5

- Rev 2.5 is the point at which trustless mixing is merged with secure private messaging

- Additional tech update to xnodes in the Rev 2 phase (just to whet your appetites :-).



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July 21, 2014, 09:05:30 AM
 #17236

Could you please remind, what prevents malicious party from creating so many Xnodes that it would allow them to see the majority of private transactions? As far as I understand, there are no specific requirements (like 550 XCs before) so it's fairly easy for one party to have like 99% of the network nodes.
Every XC-app with some coins in it is an xnode, there are almost 6000 xnodes out there, lets say 5% is online at any time. thats 300 == your remaining 1%. So you wish to put up 30K endpoints, run 30K XC-apps and while you at it break the same encryption thats protecting the BTC chains for years & then find & combine al those tiny parts to a single transaction. thats what i call ambition



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July 21, 2014, 09:20:33 AM
 #17237

Could you please remind, what prevents malicious party from creating so many Xnodes that it would allow them to see the majority of private transactions? As far as I understand, there are no specific requirements (like 550 XCs before) so it's fairly easy for one party to have like 99% of the network nodes.

If that person has 99% of the network nodes, then the price would be bitcoin level cause just trying to buy up that much coins would push it to astronomical level....  he can steal all the coins he wants because then it's his value to lose....  

No you guys are mistaken. There's currently no 550 XC requirement, and it's not necessary to have one because mixing is trustless.

This means that you don't have to trust other nodes. It makes no difference what their intentions are; your payments will reach the intended destination.

(Note though that we may add a minimum XC requirement for other purposes. But it won't be to improve the security of the network.)

I was just answering his imaginary scenarios with a imaginary effects.    Wink

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July 21, 2014, 09:22:00 AM
 #17238

Need  to explain what does trustless mean.
Xnode system assumes all xnodes are not deserving of trust, so the sending algorithm must assume the transaction would fail by default. The transaction will not be comfirmed until the system get accomplishment from destination.
I guess a single xnode could not move the incoming coin from sending path into its own Local wallet By itself.

xchat: XNvUSCdvZgZcXsYd3Gs91w8tKQmeMKHS9G
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July 21, 2014, 09:23:32 AM
 #17239

Could you please remind, what prevents malicious party from creating so many Xnodes that it would allow them to see the majority of private transactions? As far as I understand, there are no specific requirements (like 550 XCs before) so it's fairly easy for one party to have like 99% of the network nodes.

If that person has 99% of the network nodes, then the price would be bitcoin level cause just trying to buy up that much coins would push it to astronomical level....  he can steal all the coins he wants because then it's his value to lose....  

No you guys are mistaken. There's currently no 550 XC requirement, and it's not necessary to have one because mixing is trustless.

This means that you don't have to trust other nodes. It makes no difference what their intentions are; your payments will reach the intended destination.

(Note though that we may add a minimum XC requirement for other purposes. But it won't be to improve the security of the network.)

I was just answering his imaginary scenarios with a imaginary effects.    Wink

Heh. Fair enough ;-)

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July 21, 2014, 09:28:24 AM
 #17240

Need  to explain what does trustless mean.
Xnode system assumes all xnodes are not deserving of trust, so the sending algorithm must assume the transaction would fail by default. The transaction will not be comfirmed until the system get accomplishment from destination.
I guess a single xnode could not move the incoming coin from sending path into its own Local wallet By itself.

No that's not how trustless mixing works.


1) transaction is initiated 

2) wallet requests to send fragments to other nodes

3) multisig between each participating node is set up and passed around for signing

4) multisig enables trust-less transactions as any changes to the signed transaction (ie: a node trying to steal coins) - makes the multi-signature invalid

    - it's not coinjoin, because it’s not centralised

    - it's not a ring signature because it's multidirectional

5) if a bad node fails to forward a transaction, then several other paths exist and the tx is sent along one of them instead

6) fragments sent to nodes

7) nodes mix and forward fragments from different addresses to the ones they receive fragments on

Cool recipient receives transaction


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