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

[therightmintality]

TRUSTLESS MIXER SUCCESS!!! Tested with the main man ATC himself on the main network.

http://cryptexplorer.com/tx/3a8446b55996c253cf35c19b7de29bce3351a55bf10eb03506e659815ba4870b#o0

May be I misunderstood... I can not distinguish who payed whom, because there are 3 inputs and 6 outputs in a single transaction. But if I consider that 6 outputs alone, I can see what amount of coins has been received by every address:

Index   Redeemed at input   Amount   To address   ScriptPubKey
0    Not yet redeemed    1    XKNypbESp4cUGAKEJPMUhUFJPA8trns7Dp    DUP HASH160 20:5815...8aa4 EQUALVERIFY CHECKSIG
1    Not yet redeemed    220.379627    XTgfrwqtBPcbP61ZJ6YhD6iKmTDzWLBUua    DUP HASH160 20:b32e...4eff EQUALVERIFY CHECKSIG
and so on.

Given me to be a tax officer, I say to the adress XKNypbESp4cUGAKEJPMUhUFJPA8trns7Dp: "pay tax 10% or 0.1", XTgfrwqtBPcbP61ZJ6YhD6iKmTDzWLBUua: pay tax 10% or 22.0379627 and so on..

What is wrong with me? Where I mistake?

You also tax the change

btw: See absolute no way to trace where that payment wend, it's just not on the bc
Can't wait for the wallet to finalize so we can start collecting for a big bounty to track this

Being tax officer, I am quite short-sighted creature, I just wanna get as more taxes as I could.

Agree, I can not tax decentralized mixer, so I throw this rotten idea. Also I throw address XKNypbESp4cUGAKEJPMUhUFJPA8trns7Dp - tax too low to be profitable to take.

Instead, just like at Bitcoin blockchain, I focus upon address XTgfrwqtBPcbP61ZJ6YhD6iKmTDzWLBUua, and shake out all the 22.0379627 money from it.

Does upcoming Rev.3 fixes this issue?

P.s. I mentioned Income tax (not Profit tax). Income tax is widely common in the world.

The US Gov't has determined that cryptocurrency is property.  Therefore you have a cost basis and this is not taxed until the dollars are transferred to Fiat.  It is only then taxed if your transfer amount is higher than your cost basis.  This is then taxed at capital gain rates of  0- 20%  if property held for a year or more, and ordinary income if less than a year.   If you would barter said property for goods and services the seller would need to estimate the value of the property exchanges as their cost basis on the said transaction.

[btell]

Ya, what's the difference between your beloved XMR and bitcoin (besides XMR bloating the blockchain that is)?  

Hmm. Almost nothing... Source codes were opened from the very beginning as for BTC & for XMR. It's not a difference...

Two independend teams (Cryptonote & XMR) did academical work on prove strict anonimity by design.

G. Maxwell, core Bitcoin dev, did not hide his interest in Cryptonote technology and wrote scepticism about coinbase-like mixing approaches, used in DRK & XC.

Cryptonote team made challenge to all, by not just open the source code, but by make forked Cryptonote coins easy in few step-by-step instructions.

P.S. Bloating is not so terrible, 1.3 to 1.5 Gb in a month, note exchange volume of XMR is greater than other coins. 1Tb HDD are cheaper and cheaper every single day.

Disadvantage, XMR can not stake coins in Android/iOS wallet, as XC can. Also it's PoW, CryptoNight is very hard for ASICs, a lot harder than X11 algo.

[the_game1224]

P.S. Bloating is not so terrible, 1.3 to 1.5 Gb in a month, note exchange volume of XMR is greater than other coins. 1Tb HDD are cheaper and cheaper every single day.

Actually that is very terrible

[mr_random]

Price swings always brings the trolls posts.

When the price rises it's jealously or fear from competing coins. When the price falls it's from people who have sold who hope their trolls will lower the price further.

Fact is, anyone can do their research and the XC platform is looking v solid.

I would rather things were done at a slower pace, with TESTING, than botched releases put out there.

[BrewCrewFan]

Price swings always brings the trolls posts.

When the price rises it's jealously or fear from competing coins. When the price falls it's from people who have sold who hope their trolls will lower the price further.

Fact is, anyone can do their research and the XC platform is looking v solid.

I would rather things were done at a slower pace, with TESTING, than botched releases put out there.

Yea and then we can just fork after fork after fork!

[CryptoGretzky]

(XMR advertising removed)

Then, go invest in your XMR and stay in that thread...   We don't need XMR 1.3-1.5 GB blockchain EVERY MONTH...   If you want to download that every month, then feel free.  This is the XC forum. 

[Teka]

(XMR advertising removed)

Then, go invest in your XMR and stay in that thread...   We don't need XMR 1.3-1.5 GB blockchain EVERY MONTH...   If you want to download that every month, then feel free.  This is the XC forum.  

Yes, please stop advertising other coins. Vote with your wallet and so far more people are voting for XC.

[adhitthana]

As you mentioned correctly, I being idiot, has medical reasons to collect taxes at large. So I throw you to jail ))
Joking apart, where is X11coin's superior anonymity compared with Bitcoin's one? All the offer I see is just decetalized mixing feature, that may save from Drug Enforcement Administration, but can not defend from Internal Revenue Service.
Where I misunderstood? Why Bitcoin is not sufficient?

I don't think anyone is advocating not paying taxes or hiding stuff from the taxman. The problem with Bitcoin is that if someone knows your address then they can see an awful lot about your financial situation.
A lot of people don't want their finances to be that open to (potentially) anyone, but that doesn't mean they want to avoid legitimate taxation.
So Bitcoin is good, but it's potentially a bit too open for a lot of people.

Thank you , for you put it in normal words for people to understand
Plus I just get a little pissed when people think that folks in cryptos are only in it to do ill deeds. To me that is a personal attack on my character, I dont take such things lightly. Ive tried to live a honest life for the most part, with a few bumps in the road, but over all like to think of myself as a good person.... and crap like that comes up.

The technology of BTC and other crypto's has tremendous benefits for humanity.

[Bitcycle]

This coin is extremely undervalued given what it offers.  I've been selling off my other alts and moving more money into XC. Ordinarily that would make me nervous, but people are just being stupid about this coin, and I have to take advantage.

[leigh2k14]

This coin is extremely undervalued given what it offers.  I've been selling off my other alts and moving more money into XC. Ordinarily that would make me nervous, but people are just being stupid about this coin, and I have to take advantage.

This guy gets it

[Teka]

Btell from now on if you are talking about monero:

This an xc forum, send that person a message with link to a post in monero thread that you make answering their concerns.


Your post reffering to it will be removed.

[illodin]

(XMR advertising removed)

Then, go invest in your XMR and stay in that thread...   We don't need XMR 1.3-1.5 GB blockchain EVERY MONTH...   If you want to download that every month, then feel free.  This is the XC forum. 

And that's with 1/100th of the transactions bitcoin has.. so if it wants to get to level of bitcoin, it means over 100GB per month?

[btell]

Btell from now on if you are talking about monero:

This an xc forum, send that person a message with link to a post in monero thread that you make answering their concerns.

I stop here. People asked me, and I have been answered all enough.

Sorry.

[btell]

And that's with 1/100th of the transactions bitcoin has.. so if it wants to get to level of bitcoin, it means over 100GB per month?

Teka is right. I said I stopped here. If you are interested in - ask on the proper forum, not here.

Sorry twice.

[flashbit]

Any idea why the price keeps dropping? This is really odd with all this great news.  

[BrewCrewFan]

(XMR advertising removed)

Then, go invest in your XMR and stay in that thread...   We don't need XMR 1.3-1.5 GB blockchain EVERY MONTH...   If you want to download that every month, then feel free.  This is the XC forum.  

And that's with 1/100th of the transactions bitcoin has.. so if it wants to get to level of bitcoin, it means over 100GB per month?

ISPs here in the US will LOVE that....there goes half your download for the month lol.

[Teka]

Alright I think we are done with the blockchain posts, remember we have a truce with dark so let's not get to situation where we need a truce with another coin no matter how legitmate the concerns. Let's focus on developing xc.

[lucky88888]

Hi, you guys talked about android iOS staking fees, please point to me the links or timeline for release.
Coz I might have to sell my house if it works.

TY

[PocketCrypto]

Hello XC Community!

We've just released PocketCrypto, a new Cryptocurrency Management App that will allow you to easily manage your XC investment. I'm a XC investor myself and am excited to see what the future holds for this coin.  The coin has lots of potential. Hope you guys will check out the app and Good Luck to All!



Pro Version (super awesome!) (no ads) (earlier updates)(no coin limit) (just because you love us )

Free Version (still awesome!)(10 coin limit)

Please check out our main post for additional info, Thanks!
https://bitcointalk.org/index.php?topic=660696.0

Thanks to everyone that has supported our app.   Bittrex is now live on the newest update!

[bitcad4u]

I just woke up from last nights firefight. I was there with financial support, and support for the Development team, but it really felt like some members were running out their foxholes a little prematurely.

Bitcad4u... I am the Houdini of Cryptos. I always know when to pull the plug. XC is young child with endless possibilities... not an old geezer on life support. I respect your decision, but next time if you feel the urge to pull out... please don't lob a grenade into the trench. Just head for the treeline and keep your head down until the dust settles. Dan and the other members of the development team have earned a little leeway.

synechist... you are one classy individual. Absolutely love having you here!

My Official statement RE:lastnight

To the XC TEAM and Community:

You need to understand, there were strong emotions tied to this release, and much respect lost on my end from investors I deal with. My reputation was slightly damaged due to promises that were made that were beyond my control.  This would have all been fine with me had I been warned PRIOR that the release would be delayed and that it would not be fully functional on main net.

I only stated FACTS in the thread.  Stating the facts and opening up constructive criticism is better than putting my head down, standing on the side lines, and pretending its "all good".  Actually in my opinion, if you are going to sit back and tell newbies and future investors its all good, then you are a deceiving piece of shit looking out only for your best interest.  At least I am honest, yet I admit, sorry I can be rather blunt and upfront.

My intentions were not to lob a grenade into a trench.  The market would have realized what was happening with or without my facts stated.  

I still TRULY believe in Dan and the XC team.  There is no doubt in my mind that XC WILL be a world class leader in block chain related applications.  For the record, my miners never turned away from XC during this, and I never did CASH my personal XC out of the market.  I will admit though, I DID cash out some of my investors XCs in order to stop loss for them... I knew what was coming due to the unforeseen situation at hand.

Please accept my apologies XC team and community.

I love and respect you all.

-bitcad (4 all u)