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JakeThePanda
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July 15, 2014, 02:06:25 PM |
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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. This is a good question to bring up. Are we protected against this style of attack?What do you mean, protected? I thought this was a Mintpal issue, not an issue with VRC? |
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PowderMonkey
Member
 Offline
Activity: 105
Merit: 10
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July 15, 2014, 02:14:55 PM |
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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. This was a good read. +1 |
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oblox
Legendary
Offline
Activity: 1442
Merit: 1018
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July 15, 2014, 02:19:40 PM |
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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. This is a good question to bring up. Are we protected against this style of attack?What do you mean, protected? I thought this was a Mintpal issue, not an issue with VRC? All POS coins are at risk of a staking attack for those that hold 30%+ of the network weight, IIRC. As it relates to VRC, Mintpal was the issue that allowed a hacker to inject withdrawal code into their servers in which they obtained a large percentage of the outstanding VRC that happened to have been sitting in a hotwallet on their servers. |
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conradjohnson
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July 15, 2014, 02:21:08 PM |
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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. This is a good question to bring up. Are we protected against this style of attack?What do you mean, protected? I thought this was a Mintpal issue, not an issue with VRC? All POS coins are at risk of a staking attack for those that hold 30%+ of the network weight, IIRC. As it relates to VRC, Mintpal was the issue that allowed a hacker to inject withdrawal code into their servers in which they obtained a large percentage of the outstanding VRC that happened to have been sitting in a hotwallet on their servers. This isn't the VRC/Mintpal issue... this is a NEW thing!! (never a dull moment in crypto world.). Navajo coin was the subject of an attack of a new (now known) POS exploit. Bittrex was the exchange. Cloak coin hard forked to protect against it (I thinks). |
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leigh2k14
Legendary
Offline
Activity: 1288
Merit: 1000
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July 15, 2014, 02:30:21 PM |
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Come on Dan, release the finishing code for REV2.  |
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oblox
Legendary
Offline
Activity: 1442
Merit: 1018
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July 15, 2014, 02:34:03 PM |
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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. This is a good question to bring up. Are we protected against this style of attack?What do you mean, protected? I thought this was a Mintpal issue, not an issue with VRC? All POS coins are at risk of a staking attack for those that hold 30%+ of the network weight, IIRC. As it relates to VRC, Mintpal was the issue that allowed a hacker to inject withdrawal code into their servers in which they obtained a large percentage of the outstanding VRC that happened to have been sitting in a hotwallet on their servers. This isn't the VRC/Mintpal issue... this is a NEW thing!! (never a dull moment in crypto world.). Navajo coin was the subject of an attack of a new (now known) POS exploit. Bittrex was the exchange. Cloak coin hard forked to protect against it (I thinks). We were talking about VRC... As it relates to Navajo, I haven't finished reading the thread but so far, it's not a new attack... it's the same instance of someone having a large percentage of coins in their wallet because so many people opt to keep them on exchanges, staked their coins on a private network for the confirms and then sold the coins on Bittrex. Again, this is well known for large percentage holders of POS coins as they have much weight over the network. |
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infinitechaos
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July 15, 2014, 02:51:59 PM |
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Come on Dan, release the finishing code for REV2. You're still asking for REV2 to be "finished"? Please, take a look at the roadmap: http://xc-official.com/about/Everything listed under REV2 has been delivered. Therefore, it IS finished. What you are looking forward to is REV 2.5 which has no clear release date yet. We know that Dan and team have been testing encrypted messaging on testnet. Thus it would seem that REV 2.5 is coming along nicely and is perhaps not long from being ready. Just please stop asking for a finished REV2 because it's already here. |
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leigh2k14
Legendary
Offline
Activity: 1288
Merit: 1000
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July 15, 2014, 02:54:04 PM |
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Come on Dan, release the finishing code for REV2. You're still asking for REV2 to be "finished"? Please, take a look at the roadmap: http://xc-official.com/about/Everything listed under REV2 has been delivered. Therefore, it IS finished. What you are looking forward to is REV 2.5 which has no clear release date yet. We know that Dan and team have been testing encrypted messaging on testnet. Thus it would seem that REV 2.5 is coming along nicely and is perhaps not long from being ready. Just please stop asking for a finished REV2 because it's already here. Wrong wrong wrong wrong!!!!! It is still not finished. |
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G-Bert
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July 15, 2014, 02:57:17 PM |
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Come on Dan, release the finishing code for REV2. You're still asking for REV2 to be "finished"? Please, take a look at the roadmap: http://xc-official.com/about/Everything listed under REV2 has been delivered. Therefore, it IS finished. What you are looking forward to is REV 2.5 which has no clear release date yet. We know that Dan and team have been testing encrypted messaging on testnet. Thus it would seem that REV 2.5 is coming along nicely and is perhaps not long from being ready. Just please stop asking for a finished REV2 because it's already here. Wrong wrong wrong wrong!!!!! It is still not finished. true. the version is 1.9.4 or something. not 2.0. |
XChat XJkVnYD4N4oSjNStgbAUD6UyWuBTWuMRgv
public key fuYPYmK4Sj57PkU2NKg1gKW91euMKkstQPeeexUcxnb8
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evtrmm
Sr. Member
Offline
Activity: 392
Merit: 250
So much for "Community"
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July 15, 2014, 02:59:42 PM |
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Any updates on what the pr team has been doing? Any new announcements soon?
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leigh2k14
Legendary
Offline
Activity: 1288
Merit: 1000
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July 15, 2014, 03:01:34 PM |
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Come on Dan, release the finishing code for REV2. You're still asking for REV2 to be "finished"? Please, take a look at the roadmap: http://xc-official.com/about/Everything listed under REV2 has been delivered. Therefore, it IS finished. What you are looking forward to is REV 2.5 which has no clear release date yet. We know that Dan and team have been testing encrypted messaging on testnet. Thus it would seem that REV 2.5 is coming along nicely and is perhaps not long from being ready. Just please stop asking for a finished REV2 because it's already here. Wrong wrong wrong wrong!!!!! It is still not finished. true. the version is 1.9.4 or something. not 2.0. Thank you. We are all waiting for the final piece of code, that will put us ahead of any alt coin, then watch the price explode!!! Just waiting on Dan now, I don't mean to keep on, but it is 8 days late. |
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G-Bert
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July 15, 2014, 03:05:17 PM |
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wheres synechist? any little tidbits of information i recon would cheers us all up a little bit |
XChat XJkVnYD4N4oSjNStgbAUD6UyWuBTWuMRgv
public key fuYPYmK4Sj57PkU2NKg1gKW91euMKkstQPeeexUcxnb8
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cryptico
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July 15, 2014, 03:05:30 PM |
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Plus with the Official REV2 release it was promised to be as well a public Bounty in BTC to try to Crack the anonimity
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infinitechaos
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July 15, 2014, 03:07:18 PM |
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Come on Dan, release the finishing code for REV2. You're still asking for REV2 to be "finished"? Please, take a look at the roadmap: http://xc-official.com/about/Everything listed under REV2 has been delivered. Therefore, it IS finished. What you are looking forward to is REV 2.5 which has no clear release date yet. We know that Dan and team have been testing encrypted messaging on testnet. Thus it would seem that REV 2.5 is coming along nicely and is perhaps not long from being ready. Just please stop asking for a finished REV2 because it's already here. Wrong wrong wrong wrong!!!!! It is still not finished. true. the version is 1.9.4 or something. not 2.0. Thank you. We are all waiting for the final piece of code, that will put us ahead of any alt coin, then watch the price explode!!! What final piece of code? All I'm saying is that everything that was promised for REV2 is already here and they seem to have moved on to what is listed under REV2.5. I'm not aware of any final piece of code that is missing. If you want to point to version numbers as an indication that REV2 is not finished yet while all of the promised REV2 tech/features are already here, well...do your thing. P.S. The version is v0.9.2.40XCurrency-2.42. If we're going to go off of version numbers then this isn't even REV1 yet. I'm skeptical that the version numbers are relevant. |
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leigh2k14
Legendary
Offline
Activity: 1288
Merit: 1000
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July 15, 2014, 03:08:16 PM |
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Wrong wrong wrong wrong!!!!!
It is still not finished.
true. the version is 1.9.4 or something. not 2.0. [/quote] Thank you. We are all waiting for the final piece of code, that will put us ahead of any alt coin, then watch the price explode!!! Just waiting on Dan now, I don't mean to keep on, but it is 8 days late. [/quote] Plus with the Official REV2 release it was promised to be as well a public Bounty in BTC to try to Crack the anonimity [/quote] Do you know if they have anyone in mind to test the anon, or is it just an open bounty? |
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oblox
Legendary
Offline
Activity: 1442
Merit: 1018
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July 15, 2014, 03:09:05 PM |
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What final piece of code?
All I'm saying is that everything that was promised for REV2 is already here and they seem to have moved on to what is listed under REV2.5.
I'm not aware of any final piece of code that is missing.
If you want to point to version numbers as an indication that REV2 is not finished yet while all of the promised REV2 tech/features are already here, well...do your thing.
P.S. The version is v0.9.2.40XCurrency-2.42. If we're going to go off of version numbers then this isn't even REV1 yet.
...or REV 2.42 ;-) |
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atcsecure
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July 15, 2014, 03:10:38 PM |
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In response to the attack that was carried out today on navajocoin.
While I am still reviewing the limited amount of information, based on my review of both the code and the available data, the attack was successful partly due to the 30 second block time.
XC use's a 90 second block time.
I am reviewing the additional variables & Proof of Stake code involved in this attacked for any potential issues
2nd
The current REV2 test-release will be updated, additional data collected and then the final rev2 will be released
Dan
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Join the revolution - XC - Decentralized Trustless Multi-Node Private Transactions
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cryptico
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July 15, 2014, 03:12:25 PM |
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Wrong wrong wrong wrong!!!!!
It is still not finished.
true. the version is 1.9.4 or something. not 2.0. Thank you. We are all waiting for the final piece of code, that will put us ahead of any alt coin, then watch the price explode!!! Just waiting on Dan now, I don't mean to keep on, but it is 8 days late. [/quote] Plus with the Official REV2 release it was promised to be as well a public Bounty in BTC to try to Crack the anonimity [/quote] Do you know if they have anyone in mind to test the anon, or is it just an open bounty? [/quote] Should be Open Bounty. Plus for my understanding the release is still not complete as it does not set up Xnodes automatically yet, so Xnode multipath communication in the wallet is not ready yet as I understood, I might be wrong though. And as well for what I understood the final release of Rev2 will not need the user to change anything in the router settings anymore to use the anonimity feature |
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infinitechaos
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July 15, 2014, 03:14:31 PM |
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In response to the attack that was carried out today on navajocoin.
While I am still reviewing the limited amount of information, based on my review of both the code and the available data, the attack was successful partly due to the 30 second block time.
XC use's a 90 second block time.
I am reviewing the additional variables & Proof of Stake code involved in this attacked for any potential issues
2nd
The current REV2 test-release will be updated, additional data collected and then the final rev2 will be released
Dan
I stand corrected. More updates to come on REV2 indeed. |
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oblox
Legendary
Offline
Activity: 1442
Merit: 1018
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July 15, 2014, 03:15:24 PM |
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In response to the attack that was carried out today on navajocoin.
While I am still reviewing the limited amount of information, based on my review of both the code and the available data, the attack was successful partly due to the 30 second block time.
XC use's a 90 second block time.
I am reviewing the additional variables & Proof of Stake code involved in this attacked for any potential issues
2nd
The current REV2 test-release will be updated, additional data collected and then the final rev2 will be released
Dan
Anyway to also implement a check against the current user's stake as a percentage of network weight to restrict staking in the event the coins make up a significant portion of the network? |
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