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

[roede94105]

So I guess I don't really understand how one Twitter post by someone on the DRK team that isn't even true can cause XC to crash, yet DRK is CONFIRMING that they're technology isn't working right, and they might not be able to get it fixed fully until July?  Yet DRK's price continues to rise and XC's doesn't, even though our anon is working.  Just doesn't make sense.

Dark's anonymous transactions are working now. Same for master nodes. What isn't is the payment of the master nodes.
XC's anon is not working yet, it is apparently working on tesnet, but not released so far (as planned by the dev, not an issue).
Just get your facts straight.

[provenceday]

FAQ

Real world application

In an age where you can never be sure who is listening or watching, XC offers a solution to this for money transfer and storage.
By using XC, you can protect your identity and send and recieve money anonomously. XC's core values are protecting its user's privacy and can use XC with confidence.
There is a wide demographic of people, world wide that have been looking for a solution to an out-dated money system.
XC's primary goals are to protect its user's privacy and anonymity. With its secure, lightning fast network, you cannsfer system, XC provides provides this solution.
With a transparent, honest development team who are commited to the continual development of new, revolutionary technology and deployment, XC is here to stay and grow.

Whats in development?

XC is constantly improving on its own technology. The digital world is always changing. To survive, you must adapt and innovate.
Real world adoption is a driving force behind development. In regards to this, improved wallet interface and features will be added, mobile anonymous wallets, and payment cards. These cards will be similar to a debit or credit card, but have our technology supporting it.
In ordinance with continuing our pillar of transparency, the source code will be open sourced and released at a later date. We have a number of tech releases that pertain to the following: Block chain 2.0, 'Xnodes', a completely decentralized secure network to name a few.
Any product release is never truly finished, we are working hard to improve and expand everything that is released.

Proof of Stake

How does the PoS work for XC? What is the different between XC and PPC(Peercoin) PoS?

It is very similar as the code is based on the PPC code.
8 Hour minimum stake age.
30 day max stake age.
The chance of getting a coin stake is proportional to the amount of coin age one owns.

What does the mint weight mean?

PoS is similar to a lottery.
The higher the weight, the better the odds.

Anonymity

What does 'Xnode' mean? Any details?

Xnode is the software that runs the anonimizer
Xnode talks with client and provides transaction details

What is next? Do you have a set schedule?

Next is to continue development on the decentralized anonymous solution - Current schedule is 3-4 weeks

Why v0.9.1.4x11-coin-1.0 is an anonymous wallet even if the 'Anonymous Transactions' are under development?

You can use the feature now but is not the multi-path paradigm technology that is being developed.

Wallets

Is there a plan to make a more user friendly wallet?

Yes, post rev2 release.

If I open my Wallet.dat in two different computers, and unlock to mint, will the POS efficient be double?

No.

Will XC get an anonymous Android wallet?

Yes.

Will XC get a web wallet that is mobile friendly? *This will tap into the Apple market*

Yes.

What are the plans for mobile wallets?

Mobile/PoS integration.

Why is the mint weight different on my two computers with opening the same wallet.dat (same balances in it)? (For example, my first computer shows that the weight is A, the second one shows that the weight is B, and A is not equal to B, why?)

To be determined.

Network

How will the network function with anonymous technology implemented?

There will be a separate button to leverage the technology.
Network will have 3 parts:
Existing block chain.
A new protocol (Already developed in existing client).
A new protocol provides a multi-path paradigm to provide additional protection on non-likeable transactions.

Technical Details

What helps set this coin aside from all the others in crypto-currency?

DEV's 20+ Years experience and commitment to project.
Proven anonymous technology already in place - as stated in the announcement thread on BitcoinTalk.
Growing Community.

Future Plans.

Do you have a roll-out schedule laid out for the long term and short term?

Currently we have a short term goal of 3-4 weeks for the next release.
Long term plan is being mapped.

Right now, the total XC coin supply"is 5511165.53930000and the PoW was ended after block 21000. Will all the rest of the XC coins be minted by PoS?

Yes.

What does block chain v2.0 mean? Any details?

To be announced at a later date.

What is the plan of payment cards? Will the payment cards look like the credit card? Any details?

Yes - Debit/ATM/VISA - More details to follow.

Is your client fully open source? If not, are there any plans to go down this path?

Yes, the code will be open sourced. Still working on details.

Are you going to be releasing more translations of pages into other languages? If so, which ones?

Yes, we already have a Greek and Chinese translation, and more will be added soon. Watch for bounty announcements.

Any background about the developer of XC?

Yes! http://seclists.org/interesting-people/2002/Feb/107 (more to come)

What are the plans in an event an offer of any kind is made by an interested venture capital or investment firm group?

To be announced at a later date.

nice thread!

[ssmc2]

So I have a general question regarding Alt prices for you more experienced members. Does the price for Alts rise with the price of BTC? IOW, if we have another BTC bubble will the Alts follow suit since their price is tied to bitcoin?

[qiuxiang]

For those who still haven't get on board now, i recommend youto buy now, at least to get your hands wet. The coins are cheap now, and I am buying in more at 200 k sat.

[DearPassin46]

For those who still haven't get on board now, i recommend youto buy now, at least to get your hands wet. The coins are cheap now, and I am buying in more at 200 k sat.

u are serious? on board now?

[qiuxiang]

For those who still haven't get on board now, i recommend youto buy now, at least to get your hands wet. The coins are cheap now, and I am buying in more at 200 k sat.

u are serious? on board now?

Yes i am serious. Believe me or not, this is a kind suggestion.

[wevus]

Can someone offer some sound advice to a fellow XC brethren?

Should I buy a gpu that hashes around 4 MHS X11 or an asic 1.5 Mhs scrypt miner? Both are about the same price.

Thank you for any input on this

i guess the Advantage of an asic is the less power consumption (even less than running your gpu with x11 algo) right? you Need to create an excelfile to calculate the power consumption, helps to decide.
on the other Hand your gpu has a warranty and can be replaced quite fast (when gridseed showed up there were only couple months warranty and replacing them means shipping them worldwide) and a gpu has a value even if the whole cryptocoin Thing dies tomorrow.
hope that helps. i would buy the gpu.

http://www.gawminers.com/store/
The Fury 1 MH/S+ ASIC SCRYPT MINER (Week Three)
5 Reviews
$149.95 @ 40 watts

Overstock.com
Gigabyte GV-N75TOC-2GI... 2.8 MHS to 3.0 MHs X11 @ 40 watts
$167.99
Quantity: 1

Send exactly 0.26979194 BTC (plus miner fee) to:
1Mo7abeTr3YpcjL2fnZdYkfEfNwvbBj85m


Both places take BTC as payment

[greyskies]

So I guess I don't really understand how one Twitter post by someone on the DRK team that isn't even true can cause XC to crash, yet DRK is CONFIRMING that they're technology isn't working right, and they might not be able to get it fixed fully until July?  Yet DRK's price continues to rise and XC's doesn't, even though our anon is working.  Just doesn't make sense.

Dark's anonymous transactions are working now. Same for master nodes. What isn't is the payment of the master nodes.
XC's anon is not working yet, it is apparently working on tesnet, but not released so far (as planned by the dev, not an issue).
Just get your facts straight.

Payment of masternodes is what underpins the entire future of the DRK system though.

[interupted]

I suspect xc prices will start to rise this afternoon into the evening and spike sunday

[roede94105]

So I guess I don't really understand how one Twitter post by someone on the DRK team that isn't even true can cause XC to crash, yet DRK is CONFIRMING that they're technology isn't working right, and they might not be able to get it fixed fully until July?  Yet DRK's price continues to rise and XC's doesn't, even though our anon is working.  Just doesn't make sense.

Dark's anonymous transactions are working now. Same for master nodes. What isn't is the payment of the master nodes.
XC's anon is not working yet, it is apparently working on tesnet, but not released so far (as planned by the dev, not an issue).
Just get your facts straight.

Payment of masternodes is what underpins the entire future of the DRK system though.

Absolutely, if it is not resolved in, say, a couple months' time, Dark is in trouble. I just wanted to remind the facts

[greyskies]

Can we get Mintpal to change the coin name from X11 coin to XCoin? Or just XC?

[evtrmm]

After sitting on this quite a bit last night, I really began to see exactly what the Developer has in mind so I will try to explain it the simplest and best that I know so others may begin to understand more.  
ATC, please comment whether this is on the right track or not as I am trying to clear some things up.

The Xnode
1. Every wallet on the network is capable of being an "Xnode" depending on the amount of coins that are held in that wallet - current suggested is 1000 minimum, but that may change.  
2. The "Xnode" is essentially a decentralized mixer that passes the transactions through to the next "Xnode" until it is received by the intended target.
3. Keeping your wallet open without the "Xnode" option will pay the 3.33%/yr POS.
4. Keeping your wallet open with the "Xnode" option engaged will pay additional transaction fees on top of the POS.
5. Acting as an "Xnode" will incentive users to keep wallets open and active strengthening network security.

A concern that was raised yesterday was that the pass through transactions are visible to users, and that a wallet modification would be able to intercept and steal the coins.  This is where the muli path paradigm comes into play, along with the additional network layer or "XC Alpha".

1. According to the OSI Model - http://encyclopedia2.thefreedictionary.com/OSI+model - There are 7 Layers to the Network stack.  The currently titled "XC Alpha" will add an 8th layer that will essentially come in between layer 2 and 3. The initial request and encryption is initiated on this layer putting the transaction in motion.
2. Once the transaction is initiated, an on demand  "Xtunnel" will be created connecting the requester to the Xnode pool. It is within this tunnel that transactions are transactions are submitted to the pool network where the coin mixing is processed and deliverd to the receiver.

At the current time, The additional layer is not in place and that is why users can see transaction processed through their wallets, and they are currently unencrypted??  Once the "XC Alpha" has been fully integrated, users will not see the transaction as they currently do, but they will see it in a similar way that they see the current POS transaction.  These transactions will be fully encrypted and the possibility of stealing the transaction as mentioned would be nullified.  
The transactions should be represented in the users wallet not as "mined" but as something simply like "X" (just a suggestion).  In this manner, they will be able to see that the XNODE is actually working and paying out as promised.

I hope I am on track here, and I hope this helps to understand more.  once again, if ATC would care to comment, edit, or tell me I am full of shit, feel free.

[bitcad4u]

xnodes , supernodes, masternodes, a frogs like a toad, dump truck load, price about to explode, mac n cheese on the stove, devs got the code, going down the right road, send XC to my QR code - Eminem

[kcanup]

So I have a general question regarding Alt prices for you more experienced members. Does the price for Alts rise with the price of BTC? IOW, if we have another BTC bubble will the Alts follow suit since their price is tied to bitcoin?

Yep, definitely, otherwise people who wanna buy coins later after BTC spikes, they will be paying more so there will be rush to buy alts if there is a BTC bubble so in that case you ll see alts value goes up, also market cap in the same time. 

[evtrmm]

So I guess I don't really understand how one Twitter post by someone on the DRK team that isn't even true can cause XC to crash, yet DRK is CONFIRMING that they're technology isn't working right, and they might not be able to get it fixed fully until July?  Yet DRK's price continues to rise and XC's doesn't, even though our anon is working.  Just doesn't make sense.

Dark's anonymous transactions are working now. Same for master nodes. What isn't is the payment of the master nodes.
XC's anon is not working yet, it is apparently working on tesnet, but not released so far (as planned by the dev, not an issue).
Just get your facts straight.

My question is why there so much criticism of XC not being fully developed when DRK is not fully developed?

[AlexGR]

Question 1: Supposing there is time lag, if, say, you can shutdown your pc or disconnect your internet connection at the exact point when you, as a node/mixer, receive the money (but these hadn't the opportunity to be forwarded further), don't you get to keep the money even if you can't hack the encryption? If the money from someone else arrive at my address it's over if I am not "forced" to re-forward them.

Question 2: If the transfer is instantaneous then what prevents a timing analysis of the blockchain in which address A was reduced by 10.423 XCs and address B had a sum of +10.423 one or two blocks later.

[ssmc2]

So I have a general question regarding Alt prices for you more experienced members. Does the price for Alts rise with the price of BTC? IOW, if we have another BTC bubble will the Alts follow suit since their price is tied to bitcoin?

Yep, definitely, otherwise people who wanna buy coins later after BTC spikes, they will be paying more so there will be rush to buy alts if there is a BTC bubble so in that case you ll see alts value goes up, also market cap in the same time. 

Very nice  

[bitcad4u]

My question is why there so much criticism of XC not being fully developed when DRK is not fully developed?
[/quote]

who cares- lets just not mention Drk on this thread anymore...the better technology will prevail... as with most things.

[battbot]

So I guess I don't really understand how one Twitter post by someone on the DRK team that isn't even true can cause XC to crash, yet DRK is CONFIRMING that they're technology isn't working right, and they might not be able to get it fixed fully until July?  Yet DRK's price continues to rise and XC's doesn't, even though our anon is working.  Just doesn't make sense.

Dark's anonymous transactions are working now. Same for master nodes. What isn't is the payment of the master nodes.
XC's anon is not working yet, it is apparently working on tesnet, but not released so far (as planned by the dev, not an issue).
Just get your facts straight.

My question is why there so much criticism of XC not being fully developed when DRK is not fully developed?

It's because the moment XC started to rise, DRK started to fall.  So, people with thousands invested in DRK will criticize XC with extreme bias and often blatant lies in order to protect their DRK investments.

But XC's anon tech validity and Dan Metcalf's credibility and qualifications have been repeatedly proven.  FUD can only damage an image so much.  Expect a rebound

[evtrmm]

So I guess I don't really understand how one Twitter post by someone on the DRK team that isn't even true can cause XC to crash, yet DRK is CONFIRMING that they're technology isn't working right, and they might not be able to get it fixed fully until July?  Yet DRK's price continues to rise and XC's doesn't, even though our anon is working.  Just doesn't make sense.

Dark's anonymous transactions are working now. Same for master nodes. What isn't is the payment of the master nodes.
XC's anon is not working yet, it is apparently working on tesnet, but not released so far (as planned by the dev, not an issue).
Just get your facts straight.

My question is why there so much criticism of XC not being fully developed when DRK is not fully developed?

It's because the moment XC started to rise, DRK started to fall.  So, people with thousands invested in DRK will criticize XC with extreme bias and often blatant lies in order to protect their DRK investments.

But XC's anon tech validity and Dan Metcalf's credibility and qualifications have been repeatedly proven.  FUD can only damage an image so much.  Expect a rebound

It is amazing how all of that died once they watched the video was posted.