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Author Topic: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos  (Read 1481773 times)
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July 09, 2014, 01:35:19 PM
 #14581

look at that long lower shadows in chart.

We re definitely going up. Whales trying to force price down!
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July 09, 2014, 01:35:28 PM
 #14582

Just remember how u guys treat some people in this community.

Did you seriously just say that, pookie?  After you and MrBoh (who are probably the same person) posted a chat log of a private conversation to try to create hype out of nothing?  

Really?  You and MrBoh are both weeds to this community.

XCurrency www.xc-official.com #xcofficial
XChat: XFCe4ue7yCeSvn22gisLXdfd9HhdVfr5uJ / 28VjdNMZMyF6UiHRqkSCi63UikfcdHXj8nRzhkb9GmHip
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July 09, 2014, 01:35:42 PM
 #14583

P.S. Anti-FUD fuel for those wishing to substantiate XC's tech advancements:


XCurrency is, at present, the only project with trustless decentralised mixing. This is a world-first, and a fundamental game-changer in cryptocurrency.

Consider it in perspective: Satoshi Nakomoto solved the Byzantine Generals' problem with Bitcoin, creating a trustless digital cash system. However Bitcoin is insufficiently private for several real-world use-cases, like keeping company accounts out of full public view, or allowing political donors (and the amounts donated) to remain private.

Until XC, there was no solution to the Byzantine Generals' problem that allows sufficient - and flexible - privacy for the real world. And now it's here.

In addition:

XC is the only functioning anoncoin that avoids bloat.

It is completely decentralised, avoiding what Gregory Maxwell refers to as a "security bottleneck" in other anoncoins' use of semi-centralised supernodes to forward transactions.

XC is designed from the ground up to be mobile friendly. Fully functional staking mobile wallets are on the way.

Check out the news on Yahoo Finance for a bit more info: http://finance.yahoo.com/news/xcurrency-unveils-industry-leading-cryptographic-124348907.html



Upvote here.


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July 09, 2014, 01:36:08 PM
 #14584

Stating simple facts... Like i said ive been here since before the 1st great crash hold tons of the coin.. just think you guys have very skewed "proffessional" perspective... Im giving my kid something constructive to do on a summer day.. You should understand when people are competeting to better your brand that's when it receive the best ideas... maybe you will see something different you like.. As i said im doing this for my son to have something constructive to do.. who knows maybe it will give you a fresh look or see somethign you like you can add... jesus don't always take everything negatively... Great companies have tons of employees who compete with each other...I personally love going up against a colleague in the work environment... I strive to be that much greater not knowing what the competition might bring..
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July 09, 2014, 01:38:37 PM
 #14585


I see you are completly missing the point.
http://www.michaelnielsen.org/ddi/how-the-bitcoin-protocol-actually-works/
btw: whats stopping me from sending my own balance anon to a new address i own?

Already discussed. Nothing does stop you. Here XC behaves exactly as BTC, being 5 years open source heavy tested on the main net.

So why XC, not BTC?

I am honest to believe that anonymity is not prime feature of XC. But community is configured aggressive not just for criticism but for regard another main feature of XC.  Sad
With no facts coming from you i can only conclude we discussed nothing.
Hope you find your way in one of the many BTC threads here, for now, lets agree to disagree

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July 09, 2014, 01:40:50 PM
 #14586

Is there a whitepaper for XC somewhere?

Notable projects 2019: Semux, Dero, Wagerr, BEAM
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July 09, 2014, 01:45:05 PM
 #14587


I see you are completly missing the point.
http://www.michaelnielsen.org/ddi/how-the-bitcoin-protocol-actually-works/
btw: whats stopping me from sending my own balance anon to a new address i own?


Already discussed. Nothing does stop you. Here XC behaves exactly as BTC, being 5 years open source heavy tested on the main net.

So why XC, not BTC?

I am honest to believe that anonymity is not prime feature of XC. But community is configured aggressive not just for criticism but for regard another main feature of XC.  Sad


It's not about trying to hide something, but protecting IP.
Have a look at this ALTs market, scam coins flood again and agin. If open source at this stage, there'll be XC1, XC2, XC3 tomorrow morning when you wake up.
You mentioned OPEN HW? do you know even CPU has software in it? How do you think Intel and Qualcomm will open source for you? Are you kidding?
BTW, if you have interesting in below ISA code of CPU, we could have a talk LOL.

xchat: XNvUSCdvZgZcXsYd3Gs91w8tKQmeMKHS9G
Pubkey: 2Ax9bYXwifbqyxsmC9pbhfGyPoLJNf3wdtQ7dFdzKK1ZX
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July 09, 2014, 01:46:15 PM
 #14588

With no facts coming from you i can only conclude we discussed nothing.
Hope you find your way in one of the many BTC threads here, for now, lets agree to disagree

Can we stop to discuss XC's anonymity feature therefore?

May we focus on what is *another* main feature or features of XC against just BTC, not other altcoins?
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July 09, 2014, 01:49:09 PM
 #14589


I see you are completly missing the point.
http://www.michaelnielsen.org/ddi/how-the-bitcoin-protocol-actually-works/
btw: whats stopping me from sending my own balance anon to a new address i own?


Already discussed. Nothing does stop you. Here XC behaves exactly as BTC, being 5 years open source heavy tested on the main net.

So why XC, not BTC?

I am honest to believe that anonymity is not prime feature of XC. But community is configured aggressive not just for criticism but for regard another main feature of XC.  Sad


Fair question and one I'm sure the XC team will need to better define and compress into an elevator speech.  I'm also pretty sure the team is flattered you're already drawing the comparison to BTC.  

I'm not sure I fully understand the superiority of the tech so I'll let others fill in, but I do know:
no mining -> so that takes care of the pesky unnecessary power consumption
POS -> so that makes holders interest, which is nice and helps offset 'some' volatility
P2P -> So messaging and blockchain transfers don't need to go through any central node
Multi Layered for Privacy -> I can't do a good job describing this, but this is a big deal for consumers here in the US


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July 09, 2014, 01:49:51 PM
 #14590

With no facts coming from you i can only conclude we discussed nothing.
Hope you find your way in one of the many BTC threads here, for now, lets agree to disagree

Can we stop to discuss XC's anonymity feature therefore?

May we focus on what is *another* main feature or features of XC against just BTC, not other altcoins?


Can You crack REV1.5 anonymity and come back to us please? not REV 2 Just Crack REV 1.5 and then come back, otherwise shut your stupid mouth.

There will be a bounty soon to Crack REV2 as well maybe you can find someone that will crack it so then you will prove your point and get some BTC as well.

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July 09, 2014, 01:52:18 PM
 #14591

It's not about trying to hide something, but protecting IP.
Have a look at this ALTs market, scam coins flood again and agin. If open source at this stage, there'll be XC1, XC2, XC3 tomorrow morning when you wake up.
You mentioned OPEN HW? do you know even CPU has software in it? How do you think Intel and Qualcomm will open source for you? Are you kidding?
BTW, if you have interesting in below ISA code of CPU, we could have a talk LOL.

Let us finish on it.

Agree, IP protecting is nice feature, but it behaves in context of anonimity we've decided not to touch on.
If I am somewhat paranoid, I can completely switch to TOR or VPN tunelling on my comp to use BTC instead of XC because BTC source is open.

But XC does have another intersting features against BTC, you do ignore again and again Sad

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July 09, 2014, 01:59:39 PM
 #14592

Hi all

You may have heard mention here and there of the incipient XC Foundation. Today we introduce you to its first two members!

They'll be helping to take XC to the world in the form of XC ATMS and XC-based crowdfunding, and will be working behind the scenes to attract investors to XC.





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July 09, 2014, 02:00:15 PM
 #14593

Hi everyone, Can we please keep the thread on track and refrain from absuive comments.
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July 09, 2014, 02:00:34 PM
 #14594

Hi all

You may have heard mention here and there of the incipient XC Foundation. Today we introduce you to its first two members!

They'll be helping to take XC to the world in the form of XC ATMS and XC-based crowdfunding, and will be working behind the scenes to attract investors to XC.






They're here to introduce themselves to the community.

Samuel and Antoun, welcome!

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July 09, 2014, 02:01:25 PM
 #14595

https://twitter.com/DtjeOver/status/486427919276072960

 Grin
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July 09, 2014, 02:01:52 PM
 #14596

Hello everyone good to be here

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July 09, 2014, 02:02:12 PM
 #14597

It's not about trying to hide something, but protecting IP.
Have a look at this ALTs market, scam coins flood again and agin. If open source at this stage, there'll be XC1, XC2, XC3 tomorrow morning when you wake up.
You mentioned OPEN HW? do you know even CPU has software in it? How do you think Intel and Qualcomm will open source for you? Are you kidding?
BTW, if you have interesting in below ISA code of CPU, we could have a talk LOL.

Let us finish on it.

Agree, IP protecting is nice feature, but it behaves in context of anonimity we've decided not to touch on.
If I am somewhat paranoid, I can completely switch to TOR or VPN tunelling on my comp to use BTC instead of XC because BTC source is open.

But XC does have another intersting features against BTC, you do ignore again and again Sad



Here you go:

From the website: xc-official.com

ANONIMITY

XC’s privacy technology is currently industry-leading, both in the degree of privacy that is possible, and in the flexibility of its privacy solution.  XC offers multiple and optional layers of privacy that are suitable for a variety of purposes.  Here’s a brief overview of how it works.


Multipath Architecture

Before a transaction or a message moves through the XC network, it’s first broken down into small fragments, which are then sent along multiple, randomly selected paths through the network.  This allows for several privacy benefits.  Firstly, the amount paid or received is kept confidential, because any one fragment is not associated with any other fragment.  Secondly, once a payment is made, there is no public record whatsoever to associate the receiving address with the sending address.  As a result, onlookers can neither know the amount received or sent for any given transaction, nor can they know which addresses sent or received the original transaction.  Additionally, the security and robustness of the network is bolstered, because if any one node fails to forward a fragment of your transaction, there are multiple others to take its place.

 

Multipath routing is optional.  It maximizes the privacy of a transaction.


End-To-End Encryption


By default, transactions (and broadcasts on the XC network) are encrypted from end to end.  This means that if any party intercepts a message, it is impossible (i.e. computationally infeasible) for them to decode it.

 

The XC App automatically uses end-to-end encryption whenever you make a payment.


TOR Network


To steal a private key, a malicious actor would have to gain access to your computer.  To do this, (s)he would first have to know which computer a transaction comes from.  For this reason, the XC App connects to the XC network via TOR (“the onion router”), which obfuscates your IP address, making it extremely difficult to decipher where any given transaction comes from.

 

Using TOR to connect to the XC network is optional.


App Encryption

If a malicious actor intercepts a transaction, before it can be read the private key for that message would have to be stolen (in order to decode the message).  Private keys are themselves encrypted and stored securely in the XC App.  This makes it impossible (i.e. computationally infeasible) to find out what the private keys are.

 

When you download the XC App, you can encrypt it and set a password to unlock (decrypt) it whenever you use it.  However, don’t store your password on your computer.  In fact, don’t share it with anyone.  (If you forget your password, you will be able to get your private keys back from a backup that you will make.

Multilayered Privacy

In summary, it is a monumental effort to breach XC’s privacy or security:

 

    Your IP address would need to be revealed, which TOR makes effectively impossible.
    Your transactions or messages would need to be identified with your app, which multipath makes impossible.
    The balance in your app will need to be known for there to be any incentive to invest the massive resources required to hack a wallet, which end-to-end encryption and multipath routing make impossible.
    Lastly, your app would need to be hacked, which is computationally infeasible unless your password is known.

 

Without surmounting these challenges, a malicious actor will not have a chance to compromise your privacy or steal your money.  The amount of processing power necessary to break the strong encryption in any one of these layers is generally more than that of the entire internet!  In other words, it is computationally infeasible – practically speaking, impossible – to compromise any one layer of XC’s privacy platform.  In this light, XC offers true privacy and true security, and this puts you back in control of your information, your money, and your identity.

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SushiChef
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July 09, 2014, 02:03:12 PM
 #14598



Samuel and Antoun, welcome!

Yeah, welcome! nice additions guys.. great work
Teka
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July 09, 2014, 02:04:04 PM
 #14599

Hello everyone good to be here

Hi!
synechist
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July 09, 2014, 02:04:26 PM
 #14600

Hello everyone good to be here

Hey silverking.

Will you tell us a little about your role and your plans for XC?


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