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

[synechist]

Price is falling down like yesterday same time.. I think it will be another crash and panic sell soon

Don't think it will crash like yesterday. There is now much more buysupport around 100k then yesterday.

Price has been following the 1 hour 30-period EMA since the breakout yesterday. Price broke through the 15-min and 30-min EMAs, and stopped short of the 1 hour one. I think there's a fair likelihood that the rising trendline from 0.001 yesterday will hold until it converges with the descending EMA. Then there'll be another breakout beyond the 1 hour EMA; if Elliot Wave theory is anything to go by, it'll be a fair bit bigger than yesterday's wave 1.

[reebokasss]

yes, i set my buy order at 80k sat i think it will be filled in 1-2 hour sell now, and rebuy later

[synechist]

Nobody is concerned that basically all Gmaxwell's criticisms apply equally, if not more, to XC?

XC doesn't even purport to be trustless, and the overall implementation hasn't even been comprehensively described.

As he has said cryptonote and zerocash technology are the only novel and workable decentralised and trustless solutions thus far. A 'dynamic trust network' is neither trustless (the whole point of bitcoin and derivative technologies) nor decentralised since it relies on certain nominated nodes to provide specific tasks.

Everybody seems to be drinking a nice big cup of smug over the weaknesses of darkcoin (of which there are legion) while avoiding taking a look in their own back yard.

Yes, I think it would be valuable for the XC team to engage seriously (and respectfully) with Gmaxwell's post. In fact, we should invite him to review XC's tech when it's more fully developed. It would be a real opportunity to benefit from his expertise.

I also think we should take his criticisms seriously when developing the coin. Is there a better model than the dynamic trust system? Can we come up with one? Perhaps, and we'd do well to consider it long and hard.

[phosphorush]

Nobody is concerned that basically all Gmaxwell's criticisms apply equally, if not more, to XC?

XC doesn't even purport to be trustless, and the overall implementation hasn't even been comprehensively described.

As he has said cryptonote and zerocash technology are the only novel and workable decentralised and trustless solutions thus far. A 'dynamic trust network' is neither trustless (the whole point of bitcoin and derivative technologies) nor decentralised since it relies on certain nominated nodes to provide specific tasks.

Everybody seems to be drinking a nice big cup of smug over the weaknesses of darkcoin (of which there are legion) while avoiding taking a look in their own back yard.

+1

We need a whitepaper explaining everything and if you will not make everything open source then give it to reputable people in the crypto world for peer review.

I pointing this stuff several times but nobody seems to care...

Nobody is concerned that basically all Gmaxwell's criticisms apply equally, if not more, to XC?

XC doesn't even purport to be trustless, and the overall implementation hasn't even been comprehensively described.

As he has said cryptonote and zerocash technology are the only novel and workable decentralised and trustless solutions thus far. A 'dynamic trust network' is neither trustless (the whole point of bitcoin and derivative technologies) nor decentralised since it relies on certain nominated nodes to provide specific tasks.

Everybody seems to be drinking a nice big cup of smug over the weaknesses of darkcoin (of which there are legion) while avoiding taking a look in their own back yard.

Yes, I think it would be valuable for the XC team to engage seriously (and respectfully) with Gmaxwell's post. In fact, we should invite him to review XC's tech when it's more fully developed. It would be a real opportunity to benefit from his expertise.

I also think we should take his criticisms seriously when developing the coin. Is there a better model than the dynamic trust system? Can we come up with one? Perhaps, and we'd do well to consider it long and hard.

+1

[provenceday]

https://bitcointalk.org/index.php?topic=641178.0
 

Not sure why you think drk fud is going to help XC succeed. XC is not an established coin yet, drk weakness will only make people more cautious to gamble on XC.

But , here's to hoping I guess .

no, drk fud (?) will not help XC's development.

hope dev can release the V2  3 weeks later?
and open source it if we are strong enough ...

[provenceday]

Nobody is concerned that basically all Gmaxwell's criticisms apply equally, if not more, to XC?

XC doesn't even purport to be trustless, and the overall implementation hasn't even been comprehensively described.

As he has said cryptonote and zerocash technology are the only novel and workable decentralised and trustless solutions thus far. A 'dynamic trust network' is neither trustless (the whole point of bitcoin and derivative technologies) nor decentralised since it relies on certain nominated nodes to provide specific tasks.

Everybody seems to be drinking a nice big cup of smug over the weaknesses of darkcoin (of which there are legion) while avoiding taking a look in their own back yard.

Yes, I think it would be valuable for the XC team to engage seriously (and respectfully) with Gmaxwell's post. In fact, we should invite him to review XC's tech when it's more fully developed. It would be a real opportunity to benefit from his expertise.

I also think we should take his criticisms seriously when developing the coin. Is there a better model than the dynamic trust system? Can we come up with one? Perhaps, and we'd do well to consider it long and hard.

that's a good idea.
Gmaxwell is an expert on Anonymous technology.

[provenceday]

which XC logo is the final winner?

[SushiChef]

Best 3 will be in another contest for us to pick

[phosphorush]

gmaxwell, I think it would be great if you could spare some of your time to review Darkcoin's code once Evan has completed it.
I have no doubt that you would be able to provide valuable constructive feedback to Evan. Collaboration I see is the key to evolution and advancing ourselves in the crypto technology space - I am sure with both of your minds together something great could happen!

I will, if someone remembers to point me to it— ideally if it also comes with a high level design document so I don't have to extract all the behavior from the code (doing so is very time consuming).

As an aside, and apart from the privacy tech—

Whats with the claims here that the subsidy was changed after some millions of coins were created?  Thats pretty damning if true— shades of Solidcoin.

The whole too-low-initial-difficulty plus exponential distribution thing seems to be a trope now. Bitcoin's initial difficulty was high enough (relative to existing hardware and software) that it couldn't even keep up with its 10 minute target during the first year.  If I were crazy enough to launch an altcoin I'd set it so that the real mining didn't begin until it crossed some somewhat reasonable difficulty to reduce the land grab intensity, because it smells pretty fishy otherwise.

[wevus]

gmaxwell, I think it would be great if you could spare some of your time to review Darkcoin's code once Evan has completed it.
I have no doubt that you would be able to provide valuable constructive feedback to Evan. Collaboration I see is the key to evolution and advancing ourselves in the crypto technology space - I am sure with both of your minds together something great could happen!

I will, if someone remembers to point me to it— ideally if it also comes with a high level design document so I don't have to extract all the behavior from the code (doing so is very time consuming).

As an aside, and apart from the privacy tech—

Whats with the claims here that the subsidy was changed after some millions of coins were created?  Thats pretty damning if true— shades of Solidcoin.

The whole too-low-initial-difficulty plus exponential distribution thing seems to be a trope now. Bitcoin's initial difficulty was high enough (relative to existing hardware and software) that it couldn't even keep up with its 10 minute target during the first year.  If I were crazy enough to launch an altcoin I'd set it so that the real mining didn't begin until it crossed some somewhat reasonable difficulty to reduce the land grab intensity, because it smells pretty fishy otherwise.

Dang, I would be feeling pretty uptight right now if I was still holding a significant amount of DRK still. But the points gmaxwell made were already known, but the fact that gmaxwell points out some of the shady stuff of DRK, it kind of adds a lot more meaning.... Reminds of the days when EF Hutton talks, everybody listens. http://www.youtube.com/watch?v=SX7ZEotoFh0

[reebokasss]

we are already testing 100k again i think it will be like yesterday, price will fall but later we will reach 130-140k again

[phosphorush]

I don't like to say it but pricewise it's getting worse everyday and big dumps continue....

[wevus]

I don't like to say it but pricewise it's getting worse everyday and big dumps continue....

I have hit my max leverage point on buying XC. Are we just seeing back and forth trading with the same coins? Or is there a few whales dumping?

I honestly feel like option 1 is most likely the case, but I would love to hear some insight into the current market situation with XC.
Thanks for your time

[7vpo]

which XC logo is the final winner?

Vote issue continued yet..

[GameStarter]

top 10 richest adress continue to buy , they had 29.74% of market yesteday and 30.54% today. i think it's a good sign.

[jly77]

price will recover when dev online.

yah,

[anva]

top 10 richest adress continue to buy , they had 29.74% of market yesteday and 30.54% today. i think it's a good sign.

sooner the top people dump its better right ?

[wevus]

top 10 richest adress continue to buy , they had 29.74% of market yesteday and 30.54% today. i think it's a good sign.

Agreed, Thanks for sharing.

[wevus]

top 10 richest adress continue to buy , they had 29.74% of market yesteday and 30.54% today. i think it's a good sign.

sooner the top people dump its better right ?

The way I read it: Is that the whales are shaking down the weak hands.

[GameStarter]

top 10 richest adress continue to buy , they had 29.74% of market yesteday and 30.54% today. i think it's a good sign.

sooner the top people dump its better right ?

The way I read it: Is that the whales are shaking down the weak hands.

Exactly, they create panic to increase their position. If big holders are confident it show the true potential of coin.
when people will understand 100k is a solid ground now, the price will rally to 200k sat next few days.
The timing was perfect to create a big panic moove  because the market grow too fast and next big news was far enought to accumulate lower safely.
Speculation will start again soon and buyers will run after paper.