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

[policymaker]

the 24h volume is doing really great today!

It's been nine days since the Rev 2 beta was released.

rev2 beta was split into RC parts. The roadmap is still active.

even though the price blows for all us us holders, XC is still the best game in town by a long stretch! I just gotta Keep my mind off the price and the price off my mind!

idd, let me remind you that we have a really sweet PST in our forum, you r free to hype the price there as much as you want, lets keep topic here clean for tech breakthroughs and releases!

[Boyer]

the 24h volume is doing really great today!

It's been nine days since the Rev 2 beta was released.

rev2 beta was split into RC parts. The roadmap is still active.

even though the price blows for all us us holders, XC is still the best game in town by a long stretch! I just gotta Keep my mind off the price and the price off my mind!

Price is going down, but I feel confident holding a lot of XC. My guess is that this is the bottom (or close), and selling today will only make your cry soon. I guess we will soon know, but some large buy orders will bring price back up to 300k. If the devs keep delivering. Which I hope they will.

[florida.haunted]

I notice someone launched a double spend attack on NAV. I don't want to be alarmist , but just want to check if that is possible with all POS coins?
Might as well clear it up and move on.
https://bitcointalk.org/index.php?topic=679791.msg7848188#msg7848188

https://bitcointalk.org/index.php?topic=679791.msg7848512#msg7848512

Please let me know if this is not appropriate and I'll delete it   

I join to the question.

As I predict by intuition (may be wrong), in PoS coin, 51% atack is still available, but one have to possess 51% of coins, not hash power.
So, if total PoS coin's volume has a tendency to be accumulated in few hands, 51% attack is even more dangerous, than for PoW coins,
because PoW requires real money to buy mining equipment. PoS coins do not, just exchange speculations.

Also I heard, 51% PoS holder may do 'stealth' fork, without entire blockchain corruption, and may 'stick' all other holders to his forked blockchain by hidden way.

Correct me, please, and explain, how things are going in XC.

[profitofthegods]

Hey guys,

I just published an article about XC on Devtome http://devtome.com/doku.php?id=xcurrency_xc

But I'm fairly new to this coin and wanted to check if I presented it right and got all my facts straight. All suggestions are welcome, I'm always happy to go back and make additions or alterations.
Particularly - any more useful links to related services I can include?

[Limpuls]

I learnt don't watch at the price for long long time. Trying forget about my holding and just wait for all summer. Not going to sell my amount unless it will get drop untill 0.7 usd each.

[cyberhacker]

I notice someone launched a double spend attack on NAV. I don't want to be alarmist , but just want to check if that is possible with all POS coins?
Might as well clear it up and move on.
https://bitcointalk.org/index.php?topic=679791.msg7848188#msg7848188

https://bitcointalk.org/index.php?topic=679791.msg7848512#msg7848512

Please let me know if this is not appropriate and I'll delete it   

I join to the question.

As I predict by intuition (may be wrong), in PoS coin, 51% atack is still available, but one have to possess 51% of coins, not hash power.
So, if total PoS coin's volume has a tendency to be accumulated in few hands, 51% attack is even more dangerous, than for PoW coins,
because PoW requires real money to buy mining equipment. PoS coins do not, just exchange speculations.

Also I heard, 51% PoS holder may do 'stealth' fork, without entire blockchain corruption, and may 'stick' all other holders to his forked blockchain by hidden way.

Correct me, please, and explain, how things are going in XC.

POS 51% attack doesn't necessarily acquire 51% coins.

it is possible to initiate such attack by owning 51% STAKING coins.

so if all the coins are in wallet and stake, the network will be secured.

the attack happened to C2 and NAVAJO is same.

the attacker owns a large amount of COINS, but not 51% of ALL COINS. most "investors" deposited on exchanges, cuz ppl do not have much faith in P&D coins. and exchanges do not stake.

so attacker can easily initiate double spend!

i don't think XC has such problem. and XC adopt POS like PPC, that is what i know best.

[HKBvM]

I notice someone launched a double spend attack on NAV. I don't want to be alarmist , but just want to check if that is possible with all POS coins?
Might as well clear it up and move on.
https://bitcointalk.org/index.php?topic=679791.msg7848188#msg7848188

https://bitcointalk.org/index.php?topic=679791.msg7848512#msg7848512

Please let me know if this is not appropriate and I'll delete it   

I join to the question.

As I predict by intuition (may be wrong), in PoS coin, 51% atack is still available, but one have to possess 51% of coins, not hash power.
So, if total PoS coin's volume has a tendency to be accumulated in few hands, 51% attack is even more dangerous, than for PoW coins,
because PoW requires real money to buy mining equipment. PoS coins do not, just exchange speculations.

Also I heard, 51% PoS holder may do 'stealth' fork, without entire blockchain corruption, and may 'stick' all other holders to his forked blockchain by hidden way.

Correct me, please, and explain, how things are going in XC.

There are people who will be able to explain that in deeper detail and much better than I can, but the important point is you dont need 51% of the coins, its 51% of the staking coins and not even that because I believe you have to factor in coin maturity (51% of the network weight is needed). Since alot of people are keeping their coins at an exchange and the exchanges are not staking the coins, an attacker needs considerably less than 51% of the coins.

That was the problem with NAV I believe. The theft of vrc from Mintpal would likely have killed the coin, because a criminal subject would have posessed 30% of the money supply, which woudl have been an open door to attacks. When coin2 was attacked the second time the attacker had around 30% of the coins, which was enough to perform the attack.

Thats as far as I know, please correct me if I am wrong.

[adhitthana]

Hey guys,

I just published an article about XC on Devtome http://devtome.com/doku.php?id=xcurrency_xc

But I'm fairly new to this coin and wanted to check if I presented it right and got all my facts straight. All suggestions are welcome, I'm always happy to go back and make additions or alterations.
Particularly - any more useful links to related services I can include?

I don't know if it's accurate..but it is well written

[T-800]

Is there a bounty available for a Dutch OP translation?

[dadon]

the 24h volume is doing really great today!

It's been nine days since the Rev 2 beta was released.

rev2 beta was split into RC parts. The roadmap is still active.

even though the price blows for all us us holders, XC is still the best game in town by a long stretch! I just gotta Keep my mind off the price and the price off my mind!

i know ppl around here hate price speculation, but i look at this way, you have a crypto here that is superior to BTC in a lot of ways.
only 5 + million coins, fully POS so no new coins entering market so price is more stable then BTC DRK LTC etc.
 a lot faster too confirm transaction's making it more usable for wide spread adoption then other coins( plus we will have payment cards in the near future basically a debit card for XC)                                                                                                                                                  

it's got interest incentive via POS and Xnodes, encrypted & anonymous messaging (almost running) 100% anonymous transaction( running) both will become highly valued the more things are leaked and the government corruption on mass spying and intelligence gathering is exposed world wide.
also a hard working team, who get things done on time and over deliver, a Developer with excellent credentials, a transparent identity, and a vision that makes sense, all this adds up to a product that can dominate in the near future, if XC is marketed properly and i believe they will since we have a DEV who has helped run major company's in the past , therefor experience in managing major company's and that is what XC is set to become in the near future, but also no doubt he is contact with professional marketers who know how to sell XC, BTC's rise had a lot to do with the crises in Greece, lets be honest, the financial system world wide don't look good, a lot more country's banking institutions are going to be doing bank runs in the future, people are going to want to put there money into a solid asset before it's taken(gold and silver is hard to smuggle over borders a USB isn't), like citizens of Greece did.
if you had the decision of putting your money into BTC that isn't anonymous or XC that is, which would you choose knowing your bank owned government will take anything they can catch you with to please there masters, what would u choose? ( i know right now u need BTC to buy XC this will change in the future) the conclusion is the price of XC if marketed properly can be worth much more then BTC, it will ride on BTC to establish adoption quicker then it has, and price will not take years to take off because investors are on the look out for the BTC 2.0(and it's here) it has come around at the perfect time when government run surveillance is no longer conspiracy theory but conspiracy fact, and also when the financial system is extremely shaky and people getting nervous, XC has the perfect storm brewing to take it to prices never before seen in crypto, don't forget BTC has a tiny market cap compared to what it could, to be worth a million each even with all coins mined, it only needs to catch 1% of the world GDP and a lot of top investors and financial annalists are certain it will....what can XC be worth a product that is better, actually everything BTC wanted to be when it was first created and over 5x less product, 5x more rare..XC acceptance, recognition and major price spike will not take years and years like BTC, it has BTC's foundation to ride on, the future is big and bright for XC. congratulations to all who plan to hold long term it is by far the best decision you will ever make.

[florida.haunted]

POS 51% attack doesn't necessarily acquire 51% coins.

it is possible to initiate such attack by owning 51% STAKING coins.

so if all the coins are in wallet and stake, the network will be secured.

the attack happened to C2 and NAVAJO is same.

the attacker owns a large amount of COINS, but not 51% of ALL COINS. most "investors" deposited on exchanges, cuz ppl do not have much faith in P&D coins. and exchanges do not stake.

so attacker can easily initiate double spend!

i don't think XC has such problem. and XC adopt POS like PPC, that is what i know best.

So as one can conclude, PoW coins are much more resistant, than PoS ones, in general, because 51% PoW attack needs 51% hash power, itself leads to expensive mining equipment & large pools.

But what about XC itself, being PoS coin, situation remains unclear to me... So, it will be very useful if somebody explains how XC behaves in that situation.

[profitofthegods]

Hey guys,

I just published an article about XC on Devtome http://devtome.com/doku.php?id=xcurrency_xc

But I'm fairly new to this coin and wanted to check if I presented it right and got all my facts straight. All suggestions are welcome, I'm always happy to go back and make additions or alterations.
Particularly - any more useful links to related services I can include?

I don't know if it's accurate..but it is well written

Thank you, its kind of you to say so.

[dadon]

Hey guys,

I just published an article about XC on Devtome http://devtome.com/doku.php?id=xcurrency_xc

But I'm fairly new to this coin and wanted to check if I presented it right and got all my facts straight. All suggestions are welcome, I'm always happy to go back and make additions or alterations.
Particularly - any more useful links to related services I can include?

I don't know if it's accurate..but it is well written

Thank you, its kind of you to say so.

i could be wrong but I'm positive DRK was the first to use X11 if I'm wrong i apologize, article looks good and would catch the eye of any investor, thank you.

[SushiChef]

Is there a bounty available for a Dutch OP translation?

Dutch Community decided to use English for communication

You can always join the Dutch sub-thread on our dedicated forum www.xctalk.com

Do you need a Dutch thread?

no one of the dutch douse not speak english

all the dutch speak english dutch ( and most likely fr and ger to )

u could make one but it will prob be useless

I prefer English too But never kill enthusiasm

[GameStarter]

the 24h volume is doing really great today!

It's been nine days since the Rev 2 beta was released.

rev2 beta was split into RC parts. The roadmap is still active.

even though the price blows for all us us holders, XC is still the best game in town by a long stretch! I just gotta Keep my mind off the price and the price off my mind!

i know ppl around here hate price speculation, but i look at this way, you have a crypto here that is superior to BTC in a lot of ways.
only 5 + million coins, fully POS so no new coins entering market so price is more stable then BTC DRK LTC etc.
 a lot faster too confirm transaction's making it more usable for wide spread adoption then other coins( plus we will have payment cards in the near future basically a debit card for XC)                                                                                                                                                  

it's got interest incentive via POS and Xnodes, encrypted & anonymous messaging (almost running) 100% anonymous transaction( running) both will become highly valued the more things are leaked and the government corruption on mass spying and intelligence gathering is exposed world wide.
also a hard working team, who get things done on time and over deliver, a Developer with excellent credentials, a transparent identity, and a vision that makes sense, all this adds up to a product that can dominate in the near future, if XC is marketed properly and i believe they will since we have a DEV who has helped run major company's in the past , therefor experience in managing major company's and that is what XC is set to become in the near future, but also no doubt he is contact with professional marketers who know how to sell XC, BTC's rise had a lot to do with the crises in Greece, lets be honest, the financial system world wide don't look good, a lot more country's banking institutions are going to be doing bank runs in the future, people are going to want to put there money into a solid asset before it's taken(gold and silver is hard to smuggle over borders a USB isn't), like citizens of Greece did.
if you had the decision of putting your money into BTC that isn't anonymous or XC that is, which would you choose knowing your bank owned government will take anything they can catch you with to please there masters, what would u choose? ( i know right now u need BTC to buy XC this will change in the future) the conclusion is the price of XC if marketed properly can be worth much more then BTC, it will ride on BTC to establish adoption quicker then it has, and price will not take years to take off because investors are on the look out for the BTC 2.0(and it's here) it has come around at the perfect time when government run surveillance is no longer conspiracy theory but conspiracy fact, and also when the financial system is extremely shaky and people getting nervous, XC has the perfect storm brewing to take it to prices never before seen in crypto, don't forget BTC has a tiny market cap compared to what it could, to be worth a million each even with all coins mined, it only needs to catch 1% of the world GDP and a lot of top investors and financial annalists are certain it will....what can XC be worth a product that is better, actually everything BTC wanted to be when it was first created and over 5x less product, 5x more rare..XC acceptance, recognition and major price spike will not take years and years like BTC, it has BTC's foundation to ride on, the future is big and bright for XC. congratulations to all who plan to hold long term it is by far the best decision you will ever make.

100% agree, nice summary
Pleasure to live this adventure with the XC community

[Teka]

Hey guys,

I just published an article about XC on Devtome http://devtome.com/doku.php?id=xcurrency_xc

But I'm fairly new to this coin and wanted to check if I presented it right and got all my facts straight. All suggestions are welcome, I'm always happy to go back and make additions or alterations.
Particularly - any more useful links to related services I can include?

I don't know if it's accurate..but it is well written

Thank you, its kind of you to say so.

i could be wrong but I'm positive DRK was the first to use X11 if I'm wrong i apologize, article looks good and would catch the eye of any investor, thank you.

Yes thats correct. Apart from that well written.

[dadon]

the 24h volume is doing really great today!

It's been nine days since the Rev 2 beta was released.

rev2 beta was split into RC parts. The roadmap is still active.

even though the price blows for all us us holders, XC is still the best game in town by a long stretch! I just gotta Keep my mind off the price and the price off my mind!

i know ppl around here hate price speculation, but i look at this way, you have a crypto here that is superior to BTC in a lot of ways.
only 5 + million coins, fully POS so no new coins entering market so price is more stable then BTC DRK LTC etc.
 a lot faster too confirm transaction's making it more usable for wide spread adoption then other coins( plus we will have payment cards in the near future basically a debit card for XC)                                                                                                                                                  

it's got interest incentive via POS and Xnodes, encrypted & anonymous messaging (almost running) 100% anonymous transaction( running) both will become highly valued the more things are leaked and the government corruption on mass spying and intelligence gathering is exposed world wide.
also a hard working team, who get things done on time and over deliver, a Developer with excellent credentials, a transparent identity, and a vision that makes sense, all this adds up to a product that can dominate in the near future, if XC is marketed properly and i believe they will since we have a DEV who has helped run major company's in the past , therefor experience in managing major company's and that is what XC is set to become in the near future, but also no doubt he is contact with professional marketers who know how to sell XC, BTC's rise had a lot to do with the crises in Greece, lets be honest, the financial system world wide don't look good, a lot more country's banking institutions are going to be doing bank runs in the future, people are going to want to put there money into a solid asset before it's taken(gold and silver is hard to smuggle over borders a USB isn't), like citizens of Greece did.
if you had the decision of putting your money into BTC that isn't anonymous or XC that is, which would you choose knowing your bank owned government will take anything they can catch you with to please there masters, what would u choose? ( i know right now u need BTC to buy XC this will change in the future) the conclusion is the price of XC if marketed properly can be worth much more then BTC, it will ride on BTC to establish adoption quicker then it has, and price will not take years to take off because investors are on the look out for the BTC 2.0(and it's here) it has come around at the perfect time when government run surveillance is no longer conspiracy theory but conspiracy fact, and also when the financial system is extremely shaky and people getting nervous, XC has the perfect storm brewing to take it to prices never before seen in crypto, don't forget BTC has a tiny market cap compared to what it could, to be worth a million each even with all coins mined, it only needs to catch 1% of the world GDP and a lot of top investors and financial annalists are certain it will....what can XC be worth a product that is better, actually everything BTC wanted to be when it was first created and over 5x less product, 5x more rare..XC acceptance, recognition and major price spike will not take years and years like BTC, it has BTC's foundation to ride on, the future is big and bright for XC. congratulations to all who plan to hold long term it is by far the best decision you will ever make.

100% agree, nice summary
Pleasure to live this adventure with the XC community

i fell XC attracts a certain type of community, one that believes in human rights, freedom and hasn't forgotten the government works for us, love the XC community.

[JakeThePanda]

POS 51% attack doesn't necessarily acquire 51% coins.

it is possible to initiate such attack by owning 51% STAKING coins.

so if all the coins are in wallet and stake, the network will be secured.

the attack happened to C2 and NAVAJO is same.

the attacker owns a large amount of COINS, but not 51% of ALL COINS. most "investors" deposited on exchanges, cuz ppl do not have much faith in P&D coins. and exchanges do not stake.

so attacker can easily initiate double spend!

i don't think XC has such problem. and XC adopt POS like PPC, that is what i know best.

So as one can conclude, PoW coins are much more resistant, than PoS ones, in general, because 51% PoW attack needs 51% hash power, itself leads to expensive mining equipment & large pools.

But what about XC itself, being PoS coin, situation remains unclear to me... So, it will be very useful if somebody explains how XC behaves in that situation.

I don't understand why PoS coins are more of a concern than PoW?  Doesn't Ghash.io have more than 51% of the hash power on Bitcoin, or very close? If it's possible for a pool to gain 51% or very close to 51% on BITCOIN, then I don't see how any PoW can be safe in the near future.  So far, it seems much easier to attack a PoW than PoS.  Heh?

A couple of years down the road there will be many competing exchanges and most will only hold a small percentage of the outstanding issuance of any coin.  I see this as a problem that corrects itself over time.

[leigh2k14]

Come on Dan release that code, change our lives

[florida.haunted]

I don't understand why PoS coins are more of a concern than PoW?  Doesn't Ghash.io have more than 51% of the hash power on Bitcoin, or very close? If it's possible for a pool to gain 51% or very close to 51% on BITCOIN, then I don't see how any PoW can be safe in the near future.  So far, it seems much easier to attack a PoW than PoS.  Heh?

A couple of years down the road there will be many competing exchanges and most will only hold a small percentage of the outstanding issuance of any coin.  I see this as a problem that corrects itself over time.

You are right, pools are the problem of PoW.

But I mentioned, PoS can be attacked even easier, there is no need to possess 51% of all coins, just 51% staking ones. And it makes PoS to be attacked by hidden way.

As with PoW & Ghash.io - there is no possibility to hide such an electricity power, so the problem is 'bright shining', not 'accurately hidden' as in PoS coins.

So, generally speaking, PoS are much more vulnerable, but some tricks may fix it...

Does XC has that tricks to resist 51% staking attack, still being PoS?