Guys have a question. Is there any pool that directly mine XC?
You just missed the train, the POW was end, now only POS is running.
You missed the ponzy, Twice reduction on supply during pow called by greedy and nice crypto community.
Leaving the monetary base to be practically taken by the 500-700gh whale would render the coin DOA due to POS 51% centralization.
Hey, AlexGR did you buy back into XC or still holding just a minor stake?
Minor stake.
x11 fpgas, he actually posted here link to the x11 fpga code.
That was the code of some of the hashing algorithms that X11 implements. The full X11 FPGA code is not public. It would require all code to be chained and act as a single program.
bitcoin is already accused to be a money laundering machina. Xc might even update the game
Ben Lawsky already said the government might be looking to ban coinjoin, imagine the crash in DRK if that happens.
How are they gonna ban what's occuring over networks? They can't unless they have massive invasion on networks with deep-packet-inspection inside encrypted traffic... in which case we have a whole different problem.
DRK doesn't seek government approval (like Bitcoin). It's developed despite regulatory "apprehension". Banning DRK would be the best PR campaign ever and it would also attract enormous development from behind it to improve it to make it 100% government-proof / 100% NSA-proof (now it's not - nor is any anonymous coin).
Banning it from US exchanges is irrelevant as they are too few in number to even play a role.
And then you have Bytecoin & clones... how can you ban coinjoin and not ring signatures? And why ban them and at the same time, as a government, actively fund the development of Zerocoin?
Safe to assume? Yeah... oh, you know, they could do something more practical like make it illegal, 10 years minimum, shut down the exchanges MPAA style, and have the same effect.
That is not practical. It's wishful thinking. US controls 5% of the global market. A ban inside the US can't protect the dollar's position in the global landscape against gold, bitcoin etc.
There is a price in producing 1 trillion USD per year and it's called devaluation of the currency and stealing your money. When the people have, say, 10 trillion in bank accounts and the government is issuing another 1, then it is debasing the people's money by 10%.
Naturally people want to protect themselves from this type of devaluation (which make all tangible things cost more) by escaping the dollar and moving to anti-inflationary assets (gold, silver, bitcoins etc). The government has taken all the measures necessary to manipulate such assets (gold and silver being >7 trillion USD markets) through paper-contract / futures that oversell gold and silver quantities which do not actually exist. If they can do such large scale manipulation in a 7 trillion market to preserve the dollar, we can only assume that they are also ready to do so in a 7 bn market like cryptos - with vastly lower costs (a few millions for ASIC hardware). It's an extremely small price to pay compared to what's at stake (the value of trillions of USD).
