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

[Sabretooth]

Yeah I guess I understood this, but its not much of a service.  At the moment we are the best at this, but soon it will be open source, and it wont take long for other coins to adopt this feature internally.  So in the end we will own nothing.  I thought that we would at least own the items on the roadmap like Xchat, but this is now looking doubtful and the ability to distribute content which now seems more plausibly done by Xblock.  I think xBlock is becoming what we all had hoped XC would become.

I don't think it was fair to make xBlock an owned entity, it should have been a open not-for-profit entity.  There will always be a tug-a-war between xblocks needs for profit and the coins.  I cannot see it working.  It will just implode.  Sorry I feel this way.  I would love to be proved otherwise.

Let's just keep things simple:

- XC and the Blocknet are entirely distinct, and none of XC's features are porting over to the Blocknet.
- Why not? - because that's like saying Google's features are going to port over to the internet. Huh? No. Doesn't make sense.


Did you miss my post above about "ownership" of XChat? XC holders will get shares in XC Inc and will therefore effectively "own" (i.e. get paid for) XChat twice in the event that XC Inc sells the tech to a third party.

What's xBlock? Did you read the PR? Nothing in there is called that. :-)

I know they will be distinct but I am confused on what services will be offered by XC, or more importantly its niche.  Is it just mixing or is there more, will it still be a "Decentralised Trustless Privacy Platform / Encrypted XChat" or are these niches now taken by Blocknet and XC Inc.

The Blocknet isn't a "decentralised trustless privacy platform". It's a way of getting nodes to communicate.

XChat is an XC feature. It will always be.

As for the relation between XCurrency and XC Inc:
- XC Inc develops tech for XCurrency. It's committed to XCurrency.
- It is the legal entity that enables XCurrency to interface with the business world. As such it gains vitally important connections for XCurrency.
- If XC Inc sells XChat, then:
   a) it'll still run on the XCurrency network
   b) XC users will still use it
   c) XChat will benefit from some enormous corporation's marketing
   d) XC Inc shareholders will earn big time from the sale.

So nothing is being taken away from XC. Nothing at all. Not one feature.

All that's happening is that the Blocknet gives XC a massively increased userbase. That's it.

I think what Sabretooth is questioning is what incentive will investors & traders have to buy XCurrency in light of BlockNET?  XC's unique & leading privacy tech is currently the primary element that gives XC value / marketcap, because it is a tech that only XC holders have access to.  However, BlockNET will allow all other participants of it to gain access to XC's features, without purchasing XC.  It seems like XCurrency's biggest value-adding element, its tech, may lose or dilute (at least in part) some of it's ability to add value to XC.  

Sabertooth, is this what you are questioning?  

Could it be the case that what is lost by compromise, is gained by collaboration?

Yes, I was trying to work out what XC has to offer the Blocknet.  

Arlyn has just clarified that the XC network will continue to host XChat and the apps developed by XC Inc, so this is all good.  This will allow the XC network to grow organically in its own right, and ultimately increase the value of the currency.

I am still unsure how being the best mixer at the moment is an edge on the blocknet, because the ins/outs will still be in the native currency, a person with XYZcurrency cannot mix their XYZcoins using the Xcurrency mixers.   So not sure how this will work, or whether this has been thought through properly.  I am reassured however by the fact that our user base will increase as a result of this move.

It is still a little unclear for me how Blocknet will earn its income and avoid competing with Coins for services, but I trust the developers will sort this out as we go.

I think we will get there in the end.  So I am chilling and looking forward to the ride.

[synechist]

That is some nice incentive for XC holders, but would you mind laying out the incentives for participating coins?  Because unless they own XC, they will not be collecting payments / fees.  Is their incentive only that they will gain access to the features of all other participating coins on the BlockNET?  Or are there other incentives that I am missing?  (I suppose a 10% discount on BlockNET ITO is incentive as well)

The incentive to use the Blocknet is the same as the incentive to use the internet: a massively larger userbase for your services.

Every coin that joins the Blocknet does so in the hope that Blocknet users will use its technology. Secondly they improve their services offering by incorporating an XBridge and offering other coins' services - but in a way that benefits whoever provides the services.

I see.  Thanks for the reply.  But what would you say to my same argument above if XC was replaced with CoinX (representing any coin on the BlockNET)?  Your previous reply to how it would benefit XC was unique to XC because XC is the one developing BlockNET and running it off of XC's xnodes.  So it is easy to see how XC holders profit. 

How would you reply to a participant coin of BlockNET below?:

"CoinX's unique & leading privacy tech is currently the primary element that gives CoinX value / marketcap, because it is a tech that only CoinX holders have access to.  However, BlockNET will allow all other participants of it to gain access to CoinX's features, without purchasing CoinX.  It seems like CoinX's biggest value-adding element, its tech, may lose or dilute (at least in part) some of it's ability to add value to CoinX."

Aha. I see where you've gone wrong. The Blocknet doesn't run only on Xnodes. It runs on any node that has an XBridge. This can be on any blockchain.

[synechist]

Yeah I guess I understood this, but its not much of a service.  At the moment we are the best at this, but soon it will be open source, and it wont take long for other coins to adopt this feature internally.  So in the end we will own nothing.  I thought that we would at least own the items on the roadmap like Xchat, but this is now looking doubtful and the ability to distribute content which now seems more plausibly done by Xblock.  I think xBlock is becoming what we all had hoped XC would become.

I don't think it was fair to make xBlock an owned entity, it should have been a open not-for-profit entity.  There will always be a tug-a-war between xblocks needs for profit and the coins.  I cannot see it working.  It will just implode.  Sorry I feel this way.  I would love to be proved otherwise.

Let's just keep things simple:

- XC and the Blocknet are entirely distinct, and none of XC's features are porting over to the Blocknet.
- Why not? - because that's like saying Google's features are going to port over to the internet. Huh? No. Doesn't make sense.


Did you miss my post above about "ownership" of XChat? XC holders will get shares in XC Inc and will therefore effectively "own" (i.e. get paid for) XChat twice in the event that XC Inc sells the tech to a third party.

What's xBlock? Did you read the PR? Nothing in there is called that. :-)

I know they will be distinct but I am confused on what services will be offered by XC, or more importantly its niche.  Is it just mixing or is there more, will it still be a "Decentralised Trustless Privacy Platform / Encrypted XChat" or are these niches now taken by Blocknet and XC Inc.

The Blocknet isn't a "decentralised trustless privacy platform". It's a way of getting nodes to communicate.

XChat is an XC feature. It will always be.

As for the relation between XCurrency and XC Inc:
- XC Inc develops tech for XCurrency. It's committed to XCurrency.
- It is the legal entity that enables XCurrency to interface with the business world. As such it gains vitally important connections for XCurrency.
- If XC Inc sells XChat, then:
   a) it'll still run on the XCurrency network
   b) XC users will still use it
   c) XChat will benefit from some enormous corporation's marketing
   d) XC Inc shareholders will earn big time from the sale.

So nothing is being taken away from XC. Nothing at all. Not one feature.

All that's happening is that the Blocknet gives XC a massively increased userbase. That's it.

I think what Sabretooth is questioning is what incentive will investors & traders have to buy XCurrency in light of BlockNET?  XC's unique & leading privacy tech is currently the primary element that gives XC value / marketcap, because it is a tech that only XC holders have access to.  However, BlockNET will allow all other participants of it to gain access to XC's features, without purchasing XC.  It seems like XCurrency's biggest value-adding element, its tech, may lose or dilute (at least in part) some of it's ability to add value to XC.  

Sabertooth, is this what you are questioning?  

Could it be the case that what is lost by compromise, is gained by collaboration?

Yes, I was trying to work out what XC has to offer the Blocknet.  

Arlyn has just clarified that the XC network will continue to host XChat and the apps developed by XC Inc, so this is all good.  This will allow the XC network to grow organically in its own right, and ultimately increase the value of the currency.

I am still unsure how being the best mixer at the moment is an edge on the blocknet, because the ins/outs will still be in the native currency, a person with XYZcurrency cannot mix their XYZcoins using the Xcurrency mixers.   So not sure how this will work, or whether this has been thought through properly.  I am reassured however by the fact that our user base will increase as a result of this move.

It is still a little unclear for me how Blocknet will earn its income and avoid competing with Coins for services, but I trust the developers will sort this out as we go.

I think we will get there in the end.  So I am chilling and looking forward to the ride.

You're right about mixing. It's not straightforward to convert to a different currency and maintain privacy. Packet sniffers will match inputs and exits.

The thing that will make this work is that if every node on the Blocknet has an XBridge, part of its application layer can be another Blocknet technology: a decentralised exchange.

So nodes on the Blocknet can first exchange their coins for XC, and then have them mixed. Recipients will receive coins in XC and can convert to anything else if they want to.

[infinitechaos]

Hmm... I have two XC addresses in my sig. The bottom one is my XChat address (and the corresponding public key is correct).

I haven't received anything...

The option to choose an address is now enabled in my (Windows) app. If it isn't in yours, it will be in forthcoming updates.

Ok, I sent two more attempts to the XChat address and pub key listed in your sig (not the one that pops up in the app).

I am also noticing that the app boots up and syncs right away, but then doesn't continue to sync past the block the network was on when the app was launched.

Would this prevent my messages from being delivered?

Edit: Nevermind, it appears to have synced again.

[synechist]

Hmm... I have two XC addresses in my sig. The bottom one is my XChat address (and the corresponding public key is correct).

I haven't received anything...

The option to choose an address is now enabled in my (Windows) app. If it isn't in yours, it will be in forthcoming updates.

Ok, I sent two more attempts to the XChat address and pub key listed in your sig (not the one that pops up in the app).

I am also noticing that the app boots up and syncs right away, but then doesn't continue to sync past the block the network was on when the app was launched.

Would this prevent my messages from being delivered?

Hmm... I haven't received anything.

What's your address and pubkey? I'll send you a message.

XChat should work regardless of the state of your blockchain, as it only uses XC's encrypted broadcasting system.

[infinitechaos]

Hmm... I haven't received anything.

What's your address and pubkey? I'll send you a message.

XChat should work regardless of the state of your blockchain, as it only uses XC's encrypted broadcasting system.

Address: XL87MM5ySJtB778d4CRiHtZf3McDxoTnoc

Pub Key: 21dvqyEQsgcZKxxaQTU7Hrcy5jPozfXsrQ2bL3jXXWgFR

[synechist]

Hmm... I haven't received anything.

What's your address and pubkey? I'll send you a message.

XChat should work regardless of the state of your blockchain, as it only uses XC's encrypted broadcasting system.

Address: XL87MM5ySJtB778d4CRiHtZf3McDxoTnoc

Pub Key: 21dvqyEQsgcZKxxaQTU7Hrcy5jPozfXsrQ2bL3jXXWgFR

Sent. If you don't get anything, Let's PM Dan in the morning. It's only a test release.

[Longenecker]

I hope all the issues that I and several users have brought up are detailed in some proper pdf / FAQ.  Because XC holders, participating coins, and potential BlockNET ITO investors need to understand the incentives.  Thanks for your time synechist.

[URSAY]

Hmm... I haven't received anything.

What's your address and pubkey? I'll send you a message.

XChat should work regardless of the state of your blockchain, as it only uses XC's encrypted broadcasting system.

Address: XL87MM5ySJtB778d4CRiHtZf3McDxoTnoc

Pub Key: 21dvqyEQsgcZKxxaQTU7Hrcy5jPozfXsrQ2bL3jXXWgFR

Where are you pulling the pub key from?

[synechist]

I hope all the issues that I and several users have brought up are detailed in some proper pdf / FAQ.  Because XC holders, participating coins, and potential BlockNET ITO investors need to understand the incentives.  Thanks for your time synechist.

Definitely. It's valuable to hear from you guys about this, because without you it would be hard to imagine all the ways in which people might misapprehend what we're doing.

For simplicity though, the Blocknet is like the internet: a revolutionary medium of communication. It's not a coin.

[synechist]

Hmm... I haven't received anything.

What's your address and pubkey? I'll send you a message.

XChat should work regardless of the state of your blockchain, as it only uses XC's encrypted broadcasting system.

Address: XL87MM5ySJtB778d4CRiHtZf3McDxoTnoc

Pub Key: 21dvqyEQsgcZKxxaQTU7Hrcy5jPozfXsrQ2bL3jXXWgFR

Where are you pulling the pub key from?

Right-click on one of your addresses under the "Receive coin" tab, and click "copy public key".

[xojex]

Hopefully last silly question:-)

Do I need to uninstall the regular wallet or can this run on a machine along with the regular wallet?

I don't think there are two types of wallets. The latest versions now includes the xmixer tech. It should replace the current wallet you have installed.

1. Always backup your wallet.dat file to another folder before updating. The file can be found in username\AppData\Roaming\XCurrency.
2. Run the installer.exe.
3. To get xmixer tech running you need to append the Target line in the Shortcut tab. This can be found by right clicking on the shortcut to the program that was created by the installer on the desktop or start menu.

It should include the expression -distmix-autonode .



4. Run the wallet from the shortcut you just changed. You should now see in the wallet's title bar the addition of the word [autonode] which indicates the xmixer is running.

Hey bud, just wanted to thank you again for posting this yesterday for me!  Got the mixer up and running on the latest wallet, moved all my coins to a brand new wallet in batches of 250 so all should be good:-)

Much appreciated....you as well synechist!

ack! I left out one bit of info. Port 32348 needs to be open in your router and firewall for transactions to access the xmixer.

[infinitechaos]

Sent. If you don't get anything, Let's PM Dan in the morning. It's only a test release.

Nothing received...  

I understand it's only a test release, that's why I'm testing it!  

It's an improvement upon the last release. At least messages appear to have been sent now. Before we were just getting an error message.

I'll PM Dan about it tomorrow sometime.

Thanks, Synechist.

Where are you pulling the pub key from?

For me it works to just right click the address and select 'copy public key'.

I read back a page that you couldn't get your pub key to copy even from the debug console?

[kingscrown]

i lik the blockthinge.
lets see where it goes

[URSAY]

Sent. If you don't get anything, Let's PM Dan in the morning. It's only a test release.

Nothing received...  

I understand it's only a test release, that's why I'm testing it!  

It's an improvement upon the last release. At least messages appear to have been sent now. Before we were just getting an error message.

I'll PM Dan about it tomorrow sometime.

Thanks, Synechist.

Where are you pulling the pub key from?

For me it works to just right click the address and select 'copy public key'.

I read back a page that you couldn't get your pub key to copy even from the debug console?

Confirmed.  Between the two Macs that I tested, I was unable to get one wallet to receive another wallet's message even though it APPEARED to send from the sending machine.  Then again, the blockchains are not fully downloaded on both machines.

I was using a getpubkey command in the console against a receiving address but it seems to spit out a different public key entirely.

[URSAY]

I received a message on Mac!!!  Woooooo!!!  Working XChat on Mac!!!  

BUT...the client received the same message twice even though it was only sent once.  Also, each time these messages were received the client crashed and had to be reopened.

[kobaya74]

Any chance to detect why does wallet take all of mine upload, regardless of PC or OS? I have one on win7 X64, one on win8 x64. Last 3 releases take all my upload turning my pc into trash. It happens when running wallet only, when running mixer, when max connections 120 or only 16... Port is open for mixer. Even when I close it Rx is red on my queue list. And btw traffic on mixer port was only 188 kb for many days, so it is not mixer problem.

[IMJim]

Hopefully last silly question:-)

Do I need to uninstall the regular wallet or can this run on a machine along with the regular wallet?

I don't think there are two types of wallets. The latest versions now includes the xmixer tech. It should replace the current wallet you have installed.

1. Always backup your wallet.dat file to another folder before updating. The file can be found in username\AppData\Roaming\XCurrency.
2. Run the installer.exe.
3. To get xmixer tech running you need to append the Target line in the Shortcut tab. This can be found by right clicking on the shortcut to the program that was created by the installer on the desktop or start menu.

It should include the expression -distmix-autonode .



4. Run the wallet from the shortcut you just changed. You should now see in the wallet's title bar the addition of the word [autonode] which indicates the xmixer is running.

Hey bud, just wanted to thank you again for posting this yesterday for me!  Got the mixer up and running on the latest wallet, moved all my coins to a brand new wallet in batches of 250 so all should be good:-)

Much appreciated....you as well synechist!

ack! I left out one bit of info. Port 32348 needs to be open in your router and firewall for transactions to access the xmixer.

Ah CRAP!  Wonder if it's possible why my wallet has been crashing cause is trying to run as a mixer but can't get through?

I say CRAP, cause I tried to setup a "hallmark node" to earn some NHZ the past few days and could not figure out how to open a port on my new router:-(  I tried relentlessly to no avail to get it to work.  Not a lot online yet about my router and the manual was no help, is a brand new Netgear Nighthawk R8000 that just came out so not much info avail yet.

This sucks, I have been waiting for days to collect my 1K to run a mixer......damnnnnit.

Oh well I got my XC and trying to get more, current prices helping with that part:-)

[policymaker]

So, the better the news release, the worse the dumping on bittrex.... Nice to see things being stable and normal for XC! Can't w8 for the next releases and mass recognition

[McHammer]

no fresh money in alts. Seems like the last news are not Good enough to make a pump possible. its all about hype.