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

[cryptico]

Lastly, whenever I pay someone, I specify that change is sent to an address I've already backed up the private key of. Otherwise, the wallet will create a new address for the change and I'll have to make a new backup of its private key. Always remember this last thing, or you'll lose coins at some point.

What does this mean?

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[JakeThePanda]

@ demgains So is seems to me that you have something against other people buying illegal substances using XC, but you are perfectly fine if they only use it for tax evasion, bribes and other illegal financial shit....maybe not but at least that's what I understand.

Here is what I think:

The most important feature of XCurrency is privacy there is no doubt about this and getting it done is surely the number 1 priority.
Second priority is, at least in my mind, creating an environment that would enable spending XCurrency. I understand that introducing xc on the currency cards and ATMs will make it possible to spend it anywhere or exchange it for fiat, but people can do this just as well with bitcoin. For XC there needs to be a different application, specific for anon coins, like an online market.

By market I refer to a completely decentralized online market that would use xc. For such a market to have success a true anon coin is necessary and xc is perfect for that. Otherwise there are little applications that would absolutely require the use of an anon coin. I mean using it to sponsor political parties is great but still...not enough. Also what point is there to keep the records of a online company private (using xc) if the actual business can not be conducted also in a private way (using a decentralized anon market based on xc).

I consider cloak coin as the most important competitor. They are currently working on implementing a decentralized anon feature that might work out just as well as Dan's implementation. If they do achieve this then I belive in a very short time xc will be losing its advantage because cloak will also have their Onemarket service, maybe you have read their whitepaper.

I feel that in the future most commerce will move on the online medium and next logical step after getting rid of financial  middlemen, and thus liberating money (as bitcoin and all the other cryptocurrencies have done), is eliminating the ecommerce middlemen (like ebay, amazon and many others).

There is a great deal of bitcoin being transactioned on the dark markets. Those users will most definitely migrate over to the first good implementation of a decentralized market as they are aware that their weak spot is the fact that the markets they transact on are centralized.

Now don't get me wrong, I do not advertise the sale of drugs, child porn, weapons and what not. All of these issues can be resolved through peer reviews or other methods. But the fact still stands: there is a need for such a free market open to anyone and sooner or later someone will make it happen. I only wish that XC will be the one.

So in conclusion I belive that developing such a application should be first priority after anonymity problem is fully done.

I don't think anyone has a problem with someone using XC to purchase anything. What some people may have a problem with is specifically marketing XC for these types of transactions.  Once a coin goes down the path of specifically marketing it's use for these types of transactions you can forget about mainstream adoption, IMO.  No way a company like Overstock wants to be associated with a coin that directs marketing to the underground economy.  If they use XC, fine, but not because of marketing.

[laredo7mm]

Lastly, whenever I pay someone, I specify that change is sent to an address I've already backed up the private key of. Otherwise, the wallet will create a new address for the change and I'll have to make a new backup of its private key. Always remember this last thing, or you'll lose coins at some point.

What does this mean?

If you have one transaction in your wallet for 100 XC and you want to send someone 50 XC, the wallet will actually send 100 and then the 50 is sent back to your wallet with a "change" address.  Change as in making change for breaking your 100.

This is how it works for all coins and is not specific to XC.  I think you can control where the change gets sent to using the coin control options in the wallet.

[Teka]

If you all had half a brain you would be running a PR and Marketing Push here.....http://www.reddit.com/r/DarkNetMarkets/   If you read alot of the complaints peoplw have about bitcoin fog and not trusting Darkmarket mixers you would see XC solves alot of problems for a multi Billion Dollar industry... Just a thought..

Thanks pookie. I for one do have half a brain, which I'm about to kill with all the crack, LSD, and MDMA I just bought when I followed your link.

Don't think that's the market we want to tackle, if it was I would exit xc immediately...just a thought.

Yup personally, I'm  against it too.

My opinion on this, is that if they want to use XC, that is fine, and is bound to happen (just like they use dollars, bitcoin, other mediums etc).

To actively market to this group is a different story.  We don't want to be associated with such things with trying to reach a broader base of consumers.

I agree with pookie. XC is perfect for darknet markets and we should do some marketing over there. I tryed to bring up this discussion about a  week ago but nobody seemed to care. If xc is not to be marketed as a perfect payment option for darnetmarkets then why anon? Why would anyone chose XC over bitcoin if all they want is to buy regular stuff? The most important feature of XC is anonimity, why not take advantage.

I think its more about privacy, because the government has made it clear they can track your earnings and spendings through bitcoin. Anonymizing this hides you from the government and hides your asset. I do agree though that I think deepweb will adopt XC if it becomes successful before mass adoption takes place (people who don't know anything about cryptos)

Of course it's bound to happen eventually but I don't think that any of our team members would be comfortable advertising there since it could land us in trouble real quick. You have to remember that our names are out there.

[synechist]

Lastly, whenever I pay someone, I specify that change is sent to an address I've already backed up the private key of. Otherwise, the wallet will create a new address for the change and I'll have to make a new backup of its private key. Always remember this last thing, or you'll lose coins at some point.

What does this mean?

When you make a payment, you pay from an address in your wallet.

If the amount paid is smaller than the amount held at an address, the remaining amount in the address is sent to a new address called a "change" address.

The change address will be created when the transaction is created.

Since it's a new address, you won't have a backup of its private key yet.

If you make a lot of payments, the next thing you know, you'll have 20 change addresses hanging around in your wallet.

If your wallet is lost/corrupted/whatever, you have no backup of the coins held at those change addresses.

Therefore when you make a payment, specify that the change is sent to an existing address in your wallet.

Use coin control to do so.



How-to: http://www.xc-official.com/wallet/

[demgains]

@ demgains So is seems to me that you have something against other people buying illegal substances using XC, but you are perfectly fine if they only use it for tax evasion, bribes and other illegal financial shit....maybe not but at least that's what I understand.

Here is what I think:

The most important feature of XCurrency is privacy there is no doubt about this and getting it done is surely the number 1 priority.
Second priority is, at least in my mind, creating an environment that would enable spending XCurrency. I understand that introducing xc on the currency cards and ATMs will make it possible to spend it anywhere or exchange it for fiat, but people can do this just as well with bitcoin. For XC there needs to be a different application, specific for anon coins, like an online market.

By market I refer to a completely decentralized online market that would use xc. For such a market to have success a true anon coin is necessary and xc is perfect for that. Otherwise there are little applications that would absolutely require the use of an anon coin. I mean using it to sponsor political parties is great but still...not enough. Also what point is there to keep the records of a online company private (using xc) if the actual business can not be conducted also in a private way (using a decentralized anon market based on xc).

I consider cloak coin as the most important competitor. They are currently working on implementing a decentralized anon feature that might work out just as well as Dan's implementation. If they do achieve this then I belive in a very short time xc will be losing its advantage because cloak will also have their Onemarket service, maybe you have read their whitepaper.

I feel that in the future most commerce will move on the online medium and next logical step after getting rid of financial  middlemen, and thus liberating money (as bitcoin and all the other cryptocurrencies have done), is eliminating the ecommerce middlemen (like ebay, amazon and many others).

There is a great deal of bitcoin being transactioned on the dark markets. Those users will most definitely migrate over to the first good implementation of a decentralized market as they are aware that their weak spot is the fact that the markets they transact on are centralized.

Now don't get me wrong, I do not advertise the sale of drugs, child porn, weapons and what not. All of these issues can be resolved through peer reviews or other methods. But the fact still stands: there is a need for such a free market open to anyone and sooner or later someone will make it happen. I only wish that XC will be the one.

So in conclusion I belive that developing such a application should be first priority after anonymity problem is fully done.

I see what your saying, I spend alot of time on the cloak thread too. Cloak, like DRK, appears to be specifically aimed at deepweb. I dont see why anyone outside of that would want Cloak or even understand why they need it. I may be wrong but Cloak is targeting a niche while XC is targeting the masses. Assuming they both hit their potential, why would a garbage man want any amount of cloakcoin? XCurrency will be built on the foundation of mass usage, and real world applications and will also be used for deepweb transactions. People will also understand that it is a currency right away, unlike Cloakcoin which many will have to investigate to understand that is is a currency as well. XCurrency is simply more straightforward and professional with its name, and Cloakcoin is just another altcoin name.

As for the privacy, just an example is alot of people have invested in VPN technology to remain hidden and maintain their privacy from social media websites and search engines that collect information...I am one of those people. I dont condone to bribery or tax evasion, but privacy is becoming a bigger and bigger issue nowadways with government spying technologies becoming more of a problem.

[rockstahh]

drk up 18% xmr up 18% cloak up 13% XC up 4%

and xc is by far the best anonymous coin. I don't get it.

[synechist]

Of course it's bound to happen eventually but I don't think that any of our team members would be comfortable advertising there since it could land us in trouble real quick. You have to remember that our names are out there.

Yup. Why shoot ourselves in the foot? Why support horrible things?

We like privacy and freedom. We don't necessarily like what people might do with their freedoms.

[madmanbts]

If you all had half a brain you would be running a PR and Marketing Push here.....http://www.reddit.com/r/DarkNetMarkets/   If you read alot of the complaints peoplw have about bitcoin fog and not trusting Darkmarket mixers you would see XC solves alot of problems for a multi Billion Dollar industry... Just a thought..

Thanks pookie. I for one do have half a brain, which I'm about to kill with all the crack, LSD, and MDMA I just bought when I followed your link.

Don't think that's the market we want to tackle, if it was I would exit xc immediately...just a thought.

Yup personally, I'm  against it too.

My opinion on this, is that if they want to use XC, that is fine, and is bound to happen (just like they use dollars, bitcoin, other mediums etc).

To actively market to this group is a different story.  We don't want to be associated with such things with trying to reach a broader base of consumers.

I agree with pookie. XC is perfect for darknet markets and we should do some marketing over there. I tryed to bring up this discussion about a  week ago but nobody seemed to care. If xc is not to be marketed as a perfect payment option for darnetmarkets then why anon? Why would anyone chose XC over bitcoin if all they want is to buy regular stuff? The most important feature of XC is anonimity, why not take advantage.

I think its more about privacy, because the government has made it clear they can track your earnings and spendings through bitcoin. Anonymizing this hides you from the government and hides your asset. I do agree though that I think deepweb will adopt XC if it becomes successful before mass adoption takes place (people who don't know anything about cryptos)

Of course it's bound to happen eventually but I don't think that any of our team members would be comfortable advertising there since it could land us in trouble real quick. You have to remember that our names are out there.

Of course Teka, thats a good point, but the team doesn't have to do any specific marketing over there: The community has to do that. For the team it would be enough just to announce that XC's nex major project and priority is to develop a decentralized market, and the darknet people will flock over here asap, bringing their bitcoin with them.
It seems to me that the community in general, is against and I just don't understand why. It will not hinder mass adoption it will only make it happen faster.

[Teka]

drk up 18% xmr up 18% cloak up 13% XC up 4%

and xc is by far the best anonymous coin. I don't get it.

No one does

[dannyspk]

drk up 18% xmr up 18% cloak up 13% XC up 4%

and xc is by far the best anonymous coin. I don't get it.

If you're talking about last 24 hrs, we've seen 12.63% up

[rockstahh]

drk up 18% xmr up 18% cloak up 13% XC up 4%

and xc is by far the best anonymous coin. I don't get it.

If you're talking about last 24 hrs, we've seen 12.63% up

Makes me realize more and more that XCs' days are on the way.

[synechist]

hey syn I got a Q, so our wallet weight will increase the longer we have it unlocked. Will it's weight ever stop increasing?

Its weight resets when it generates new coins.

Or when you move your coins (because moving is essentially "minting", since a new entry into the ledger (the blockchain) is created).

[madmanbts]

drk up 18% xmr up 18% cloak up 13% XC up 4%

and xc is by far the best anonymous coin. I don't get it.

No one does

We have really bad internet presence. Only once have I heard any mention of xc on a youtube crypto show. But most of the times when I read an article about anon coins and what they have to offer, it is about drk or cloak. Twitter has just a few (1-2) mentions per hour while cloak has a shitload. I really don't think many people outside of these forums know that xc already has a very good implementation of anon , possibly the best. There is only one or two articles on the internet about xc and they keep repeating themselves on all the sites. So we should all tweet, blog and even letting the darknet people on reddit know that we exist. Paying for exposure is great but to get the ball rolling we need to create o lot of awareness so that people will write about xc because they want to. To do this we first need to let everybody know that the only true anon coin is #Xcurrency.

[Teka]

drk up 18% xmr up 18% cloak up 13% XC up 4%

and xc is by far the best anonymous coin. I don't get it.

No one does

We have really bad internet presence. Only once have I heard any mention of xc on a youtube crypto show. But most of the times when I read an article about anon coins and what they have to offer, it is about drk or cloak. Twitter has just a few (1-2) mentions per hour while cloak has a shitload. I really don't think many people outside of these forums know that xc already has a very good implementation of anon , possibly the best. There is only one or two articles on the internet about xc and they keep repeating themselves on all the sites. So we should all tweet, blog and even letting the darknet people on reddit know that we exist. Paying for exposure is great but to get the ball rolling we need to create o lot of awareness so that people will write about xc because they want to. To do this we first need to let everybody know that the only true anon coin is #Xcurrency.

We have a plan and tics coming, first the tech needs to be ironed out.

[dannyspk]

drk up 18% xmr up 18% cloak up 13% XC up 4%

and xc is by far the best anonymous coin. I don't get it.

No one does

We have really bad internet presence. Only once have I heard any mention of xc on a youtube crypto show. But most of the times when I read an article about anon coins and what they have to offer, it is about drk or cloak. Twitter has just a few (1-2) mentions per hour while cloak has a shitload. I really don't think many people outside of these forums know that xc already has a very good implementation of anon , possibly the best. There is only one or two articles on the internet about xc and they keep repeating themselves on all the sites. So we should all tweet, blog and even letting the darknet people on reddit know that we exist. Paying for exposure is great but to get the ball rolling we need to create o lot of awareness so that people will write about xc because they want to. To do this we first need to let everybody know that the only true anon coin is #Xcurrency.

We have a plan and tics coming, first the tech needs to be ironed out.

Ideal strategy in my opinion. I was thinking about that earlier and I'd like to know about that. Who decides on strategic moves as you move closer to the official launch? Also, how do you guys work as a team? Is it decentralized as your product?

[rockstahh]

drk up 18% xmr up 18% cloak up 13% XC up 4%

and xc is by far the best anonymous coin. I don't get it.

No one does

We have really bad internet presence. Only once have I heard any mention of xc on a youtube crypto show. But most of the times when I read an article about anon coins and what they have to offer, it is about drk or cloak. Twitter has just a few (1-2) mentions per hour while cloak has a shitload. I really don't think many people outside of these forums know that xc already has a very good implementation of anon , possibly the best. There is only one or two articles on the internet about xc and they keep repeating themselves on all the sites. So we should all tweet, blog and even letting the darknet people on reddit know that we exist. Paying for exposure is great but to get the ball rolling we need to create o lot of awareness so that people will write about xc because they want to. To do this we first need to let everybody know that the only true anon coin is #Xcurrency.

We have a plan and tics coming, first the tech needs to be ironed out.

I believe you! The worst thing that could happen is to bring something to the market that has technical issues.

[holyprofit]

drk up 18% xmr up 18% cloak up 13% XC up 4%

and xc is by far the best anonymous coin. I don't get it.

No one does

We have really bad internet presence. Only once have I heard any mention of xc on a youtube crypto show. But most of the times when I read an article about anon coins and what they have to offer, it is about drk or cloak. Twitter has just a few (1-2) mentions per hour while cloak has a shitload. I really don't think many people outside of these forums know that xc already has a very good implementation of anon , possibly the best. There is only one or two articles on the internet about xc and they keep repeating themselves on all the sites. So we should all tweet, blog and even letting the darknet people on reddit know that we exist. Paying for exposure is great but to get the ball rolling we need to create o lot of awareness so that people will write about xc because they want to. To do this we first need to let everybody know that the only true anon coin is #Xcurrency.

We have a plan and tics coming, first the tech needs to be ironed out.

I believe you! The worst thing that could happen is to bring something to the market that has technical issues.

Exactly - I think we've all seen that you have to make it 100% FUD-proof before promoting it

[Abrupto]

drk up 18% xmr up 18% cloak up 13% XC up 4%

and xc is by far the best anonymous coin. I don't get it.

No one does

We have really bad internet presence. Only once have I heard any mention of xc on a youtube crypto show. But most of the times when I read an article about anon coins and what they have to offer, it is about drk or cloak. Twitter has just a few (1-2) mentions per hour while cloak has a shitload. I really don't think many people outside of these forums know that xc already has a very good implementation of anon , possibly the best. There is only one or two articles on the internet about xc and they keep repeating themselves on all the sites. So we should all tweet, blog and even letting the darknet people on reddit know that we exist. Paying for exposure is great but to get the ball rolling we need to create o lot of awareness so that people will write about xc because they want to. To do this we first need to let everybody know that the only true anon coin is #Xcurrency.

By all means, go to the forums and be the xc choirboy. I dont think anyone here will take issue with that. But like the team says, the tech should be airtight first. If its not, those people you guide here will go back to the forums and spread the word that we have bad tech. That is bad word of mouth, something I dont want to see. Why hype and market if we dont have the completed product yet. Btc is where it is because slow and steady wins the race every time. What's the rush?

[Teka]

drk up 18% xmr up 18% cloak up 13% XC up 4%

and xc is by far the best anonymous coin. I don't get it.

No one does

We have really bad internet presence. Only once have I heard any mention of xc on a youtube crypto show. But most of the times when I read an article about anon coins and what they have to offer, it is about drk or cloak. Twitter has just a few (1-2) mentions per hour while cloak has a shitload. I really don't think many people outside of these forums know that xc already has a very good implementation of anon , possibly the best. There is only one or two articles on the internet about xc and they keep repeating themselves on all the sites. So we should all tweet, blog and even letting the darknet people on reddit know that we exist. Paying for exposure is great but to get the ball rolling we need to create o lot of awareness so that people will write about xc because they want to. To do this we first need to let everybody know that the only true anon coin is #Xcurrency.

We have a plan and tics coming, first the tech needs to be ironed out.

Ideal strategy in my opinion. I was thinking about that earlier and I'd like to know about that. Who decides on strategic moves as you move closer to the official launch? Also, how do you guys work as a team? Is it decentralized as your product?

Physical locations wise, yes. Communication wise, not yet. Basically everyone feedbacks on everything within the team.