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

[Queeq]

What I meant by some party owning 99% of nodes is not double-spend attacks or whatever of that nature, but the ability to de-anonymise transactions routed only through the nodes of this party. As far as I understand nodes are trustless while tx goes through the nodes owned by different people. If I manage to have transactions routing and mixing by my nodes only I can rewind all the operations as I have all the necessary information about those transactions, giving me source and destination addresses and likely some additional statistics. It won't need any additional resources from my side, just being able to run a lot of nodes with empty wallets. They don't consume much resources and it must be possible to run thousands of them on several powerful servers (or even one server) which is totally acceptable for the interested party.

Even then a node owner will have no way of identifying which fragments belong to who, or how much a given party was actually paid.

A node owner won't be able to tell which fragments comprise a given transaction and which fragments are part of a different transaction.

If every node is forwarding transactions trustlessly, the scenario is pretty sweet really.

I mean:

1) Node A forwards a fragment to node B. Does this mean that node B is the end-receipient of a transaction, or is node B just forwarding it on further? You can't tell.

2) Node A receives a payment from someone. Node A also forwards some fragments soon afterwards. How do you tell whether the fragments are related to the payment received or not? You can't. There's perfect privacy there.

So is it something like I2P forwards traffic?

[CrazyLeoW]

What I meant by some party owning 99% of nodes is not double-spend attacks or whatever of that nature, but the ability to de-anonymise transactions routed only through the nodes of this party. As far as I understand nodes are trustless while tx goes through the nodes owned by different people. If I manage to have transactions routing and mixing by my nodes only I can rewind all the operations as I have all the necessary information about those transactions, giving me source and destination addresses and likely some additional statistics. It won't need any additional resources from my side, just being able to run a lot of nodes with empty wallets. They don't consume much resources and it must be possible to run thousands of them on several powerful servers (or even one server) which is totally acceptable for the interested party.

But still no direct link on the block chain, right? the party could only guess it but no evidence to support the guessed result.
Just like chaeplin's conjecture. make nonsense.

Yes you'd have to trust the malicious actor's testimony. The blockchain would not lend any support to it.

In our society, we know that: He who has a mind to beat his dog will easily find his stick.
But in crypto world, only blockchain speaks.

[Boyer]

Those number doesn’t necessarily mean that there are more users, it only means there are more address holds coin now. Maybe I'm missing something here ? Can somebody explain what those addresses really mean ?

You're right, those addresses don't mean much. I don't take rich lists seriously.

If I held a very large amount of XC I'd definitely not keep it at one address, let alone have people know that address.

I couldn't agree more, the rich list is not to be trusted. People create a lot of addresses to be able to stake better etc. I think someone owns a lot of XC. Time will tell if we are going for another run. I believe that XC's value will increase in 1 month.

[synechist]

What I meant by some party owning 99% of nodes is not double-spend attacks or whatever of that nature, but the ability to de-anonymise transactions routed only through the nodes of this party. As far as I understand nodes are trustless while tx goes through the nodes owned by different people. If I manage to have transactions routing and mixing by my nodes only I can rewind all the operations as I have all the necessary information about those transactions, giving me source and destination addresses and likely some additional statistics. It won't need any additional resources from my side, just being able to run a lot of nodes with empty wallets. They don't consume much resources and it must be possible to run thousands of them on several powerful servers (or even one server) which is totally acceptable for the interested party.

Even then a node owner will have no way of identifying which fragments belong to who, or how much a given party was actually paid.

A node owner won't be able to tell which fragments comprise a given transaction and which fragments are part of a different transaction.

If every node is forwarding transactions trustlessly, the scenario is pretty sweet really.

I mean:

1) Node A forwards a fragment to node B. Does this mean that node B is the end-receipient of a transaction, or is node B just forwarding it on further? You can't tell.

2) Node A receives a payment from someone. Node A also forwards some fragments soon afterwards. How do you tell whether the fragments are related to the payment received or not? You can't. There's perfect privacy there.

So is it something like I2P forwards traffic?

It doesn't look like it. Not that I can claim to know much about I2P...

It's session-based m-of-m multisig with multiple redundant connections. If that's like I2P, let me know. :-)

[prospect]

What I meant by some party owning 99% of nodes is not double-spend attacks or whatever of that nature, but the ability to de-anonymise transactions routed only through the nodes of this party. As far as I understand nodes are trustless while tx goes through the nodes owned by different people. If I manage to have transactions routing and mixing by my nodes only I can rewind all the operations as I have all the necessary information about those transactions, giving me source and destination addresses and likely some additional statistics. It won't need any additional resources from my side, just being able to run a lot of nodes with empty wallets. They don't consume much resources and it must be possible to run thousands of them on several powerful servers (or even one server) which is totally acceptable for the interested party.

Even then a node owner will have no way of identifying which fragments belong to who, or how much a given party was actually paid.

A node owner won't be able to tell which fragments comprise a given transaction and which fragments are part of a different transaction.

If every node is forwarding transactions trustlessly, the scenario is pretty sweet really.

I mean:

1) Node A forwards a fragment to node B. Does this mean that node B is the end-receipient of a transaction, or is node B just forwarding it on further? You can't tell.

2) Node A receives a payment from someone. Node A also forwards some fragments soon afterwards. How do you tell whether the fragments are related to the payment received or not? You can't. There's perfect privacy there.

So is it something like I2P forwards traffic?

It doesn't look like it. Not that I can claim to know much about I2P...

It's session-based m-of-m multisig with multiple redundant connections. If that's like I2P, let me know. :-)

Answering questions, like a boss.

[CrazyLeoW]

What I meant by some party owning 99% of nodes is not double-spend attacks or whatever of that nature, but the ability to de-anonymise transactions routed only through the nodes of this party. As far as I understand nodes are trustless while tx goes through the nodes owned by different people. If I manage to have transactions routing and mixing by my nodes only I can rewind all the operations as I have all the necessary information about those transactions, giving me source and destination addresses and likely some additional statistics. It won't need any additional resources from my side, just being able to run a lot of nodes with empty wallets. They don't consume much resources and it must be possible to run thousands of them on several powerful servers (or even one server) which is totally acceptable for the interested party.

Even then a node owner will have no way of identifying which fragments belong to who, or how much a given party was actually paid.

A node owner won't be able to tell which fragments comprise a given transaction and which fragments are part of a different transaction.

If every node is forwarding transactions trustlessly, the scenario is pretty sweet really.

I mean:

1) Node A forwards a fragment to node B. Does this mean that node B is the end-receipient of a transaction, or is node B just forwarding it on further? You can't tell.

2) Node A receives a payment from someone. Node A also forwards some fragments soon afterwards. How do you tell whether the fragments are related to the payment received or not? You can't. There's perfect privacy there.

So is it something like I2P forwards traffic?

It doesn't look like it. Not that I can claim to know much about I2P...

It's session-based m-of-m multisig with multiple redundant connections. If that's like I2P, let me know. :-)

redundant connection, is it similar to Link Aggregation Control Protocol(LACP)?
I think Dan is very familiar with LACP, as a network expert. LOL

[milkyway]

hi guys,

sorry for a noob question, since im not a technical guy and just an investor. I would like to stake my coins with MAC wallet. it seems that i was not able to locate the wallet.dat file since i want to copy that to a thumdrive to back it up. how would i locate it? thank you and is the wallet version on the xc official website for MAC right? thanks again.

[synechist]

What I meant by some party owning 99% of nodes is not double-spend attacks or whatever of that nature, but the ability to de-anonymise transactions routed only through the nodes of this party. As far as I understand nodes are trustless while tx goes through the nodes owned by different people. If I manage to have transactions routing and mixing by my nodes only I can rewind all the operations as I have all the necessary information about those transactions, giving me source and destination addresses and likely some additional statistics. It won't need any additional resources from my side, just being able to run a lot of nodes with empty wallets. They don't consume much resources and it must be possible to run thousands of them on several powerful servers (or even one server) which is totally acceptable for the interested party.

Even then a node owner will have no way of identifying which fragments belong to who, or how much a given party was actually paid.

A node owner won't be able to tell which fragments comprise a given transaction and which fragments are part of a different transaction.

If every node is forwarding transactions trustlessly, the scenario is pretty sweet really.

I mean:

1) Node A forwards a fragment to node B. Does this mean that node B is the end-receipient of a transaction, or is node B just forwarding it on further? You can't tell.

2) Node A receives a payment from someone. Node A also forwards some fragments soon afterwards. How do you tell whether the fragments are related to the payment received or not? You can't. There's perfect privacy there.

So is it something like I2P forwards traffic?

It doesn't look like it. Not that I can claim to know much about I2P...

It's session-based m-of-m multisig with multiple redundant connections. If that's like I2P, let me know. :-)

redundant connection, is it similar to Link Aggregation Control Protocol(LACP)?
I think Dan is very familiar with LACP, as a network expert. LOL

Yes, at a basic level. Of course it's not physical connections that are established here though, and it's not about increasing throughput either.

Making a payment initiates a session whereby encrypted connections are set up between as many participating Xnodes as needed. Several of these connections are redundant so that if one node fails, others can take on the work.

[synechist]

hi guys,

sorry for a noob question, since im not a technical guy and just an investor. I would like to stake my coins with MAC wallet. it seems that i was not able to locate the wallet.dat file since i want to copy that to a thumdrive to back it up. how would i locate it? thank you and is the wallet version on the xc official website for MAC right? thanks again.

Hey milkyway

Yes, use the app version on the website. It's the latest for Mac.

You should find the wallet.dat file in /Users/USERNAME/Library/Application Support/XCurrency

I'm not a Mac user so if this is incorrect then hit reply.

[illodin]

1) Node A forwards a fragment to node B. Does this mean that node B is the end-receipient of a transaction, or is node B just forwarding it on further? You can't tell.

2) Node A receives a payment from someone. Node A also forwards some fragments soon afterwards. How do you tell whether the fragments are related to the payment received or not? You can't. There's perfect privacy there.

If the node receives a payment, it receives a payment (i.e. coins). If the node is "forwarding fragments", it's receiving a signature to sign a tx with. Right?

[The-C-Word]

Man, whoever called out the mystery whale was dead on. Really strange activity the last few hours.

Same stuff that's been happening when we were hovering between 120-150k a few weeks ago.

Kind of pisses me off tbh lol, using the stability of the coin to his own ends.

[synechist]

1) Node A forwards a fragment to node B. Does this mean that node B is the end-receipient of a transaction, or is node B just forwarding it on further? You can't tell.

2) Node A receives a payment from someone. Node A also forwards some fragments soon afterwards. How do you tell whether the fragments are related to the payment received or not? You can't. There's perfect privacy there.

If the node receives a payment, it receives a payment (i.e. coins). If the node is "forwarding fragments", it's receiving a signature to sign a tx with. Right?

I've asked the devs to clarify this point because I'm not certain that what I'm about to say is correct, but here's how I understand it:

- nodes sign transactions rather than directly receiving a coin

- they sign with different private keys to the original sender's private key

- this means that several addresses are associated with a given fragment, making it impossible to tell which address the fragment originates from.

- but nodes also mix transaction fragments, so that outgoing sigs are from different addresses to the address the tx is received on, breaking any link between sender and receiver.


If I hear from the devs that this isn't accurate then I'll let you know asap.

[synechist]

Man, whoever called out the mystery whale was dead on. Really strange activity the last few hours.

Same stuff that's been happening when we were hovering between 120-150k a few weeks ago.

Kind of pisses me off tbh lol, using the stability of the coin to his own ends.

Yeah. It's weird behaviour. The dumping is right after we release good news, which is the point at which the price is most likely to shoot upwards.

Remember when we announced Rob Kremers? Biggest news ever. Someone dumped about 10K.

So someone's clearly interested in keeping the price down.

[Mwalshe89]

Man, whoever called out the mystery whale was dead on. Really strange activity the last few hours.

Same stuff that's been happening when we were hovering between 120-150k a few weeks ago.

Kind of pisses me off tbh lol, using the stability of the coin to his own ends.

Yeah. It's weird behaviour. The dumping is right after we release good news, which is the point at which the price is most likely to shoot upwards.

Remember when we announced Rob Kremers? Biggest news ever. Someone dumped about 10K.

So someone's clearly interested in keeping the price down.

No offence to rob, but adding a media planner/buyer to the team isnt even on my top ten list of things that have been great about this coin. I know allot of media planners and buyers and honestly I don't see where they fit in a project like this. I personally think adding him last as the big announcement was a major anti climax, especially for those who understand what media planning and buying is.

[synechist]

Man, whoever called out the mystery whale was dead on. Really strange activity the last few hours.

Same stuff that's been happening when we were hovering between 120-150k a few weeks ago.

Kind of pisses me off tbh lol, using the stability of the coin to his own ends.

Yeah. It's weird behaviour. The dumping is right after we release good news, which is the point at which the price is most likely to shoot upwards.

Remember when we announced Rob Kremers? Biggest news ever. Someone dumped about 10K.

So someone's clearly interested in keeping the price down.

No offence to rob, but adding a media planner/buyer to the team isnt even on my top ten list of things that have been great about this coin. I know allot of media planners and buyers and honestly I don't see where they fit in a project like this.

Adding a person with a Rob's background is huge because:

- almost all Cryptocurrencies are run by crypto-geeks and coders and marketed accordingly.

- XC is for the mainstream and thus we need people who understand how to market to the mainstream.

- without quality marketing a coin will never make it to the mainstream.


So adding Rob Kremers is hugely important to XC's future. It's a major score, and the community reacted as such.

[milkyway]

hi guys,

sorry for a noob question, since im not a technical guy and just an investor. I would like to stake my coins with MAC wallet. it seems that i was not able to locate the wallet.dat file since i want to copy that to a thumdrive to back it up. how would i locate it? thank you and is the wallet version on the xc official website for MAC right? thanks again.

Hey milkyway

Yes, use the app version on the website. It's the latest for Mac.

You should find the wallet.dat file in /Users/USERNAME/Library/Application Support/XCurrency

I'm not a Mac user so if this is incorrect then hit reply.

Thank you <3 appreciate it! so i just have to unlock my wallet and let it stake right? despite my labtop being off. i just have to open it some times?

[synechist]

hi guys,

sorry for a noob question, since im not a technical guy and just an investor. I would like to stake my coins with MAC wallet. it seems that i was not able to locate the wallet.dat file since i want to copy that to a thumdrive to back it up. how would i locate it? thank you and is the wallet version on the xc official website for MAC right? thanks again.

Hey milkyway

Yes, use the app version on the website. It's the latest for Mac.

You should find the wallet.dat file in /Users/USERNAME/Library/Application Support/XCurrency

I'm not a Mac user so if this is incorrect then hit reply.

Thank you <3 appreciate it! so i just have to unlock my wallet and let it stake right? despite my labtop being off. i just have to open it some times?

Sure. :-) Glad it worked out.

Yes, unlock your wallet. But unlock it for staking only, so that your coins are protected.

To collect interest you'll only need to unlock your wallet every few days. You can ignore it otherwise.

Ideally use coin control to allocate 50 - 500 XC to separate addresses. This makes payouts more regular.

P.S. If you haven't already done this, check out the wallet how-to for info.

[Mwalshe89]

Man, whoever called out the mystery whale was dead on. Really strange activity the last few hours.

Same stuff that's been happening when we were hovering between 120-150k a few weeks ago.

Kind of pisses me off tbh lol, using the stability of the coin to his own ends.

Yeah. It's weird behaviour. The dumping is right after we release good news, which is the point at which the price is most likely to shoot upwards.

Remember when we announced Rob Kremers? Biggest news ever. Someone dumped about 10K.

So someone's clearly interested in keeping the price down.

No offence to rob, but adding a media planner/buyer to the team isnt even on my top ten list of things that have been great about this coin. I know allot of media planners and buyers and honestly I don't see where they fit in a project like this.

Adding a person with a Rob's background is huge because:

- almost all Cryptocurrencies are run by crypto-geeks and coders and marketed accordingly.

- XC is for the mainstream and thus we need people who understand how to market to the mainstream.

- without quality marketing a coin will never make it to the mainstream.


So adding Rob Kremers is hugely important to XC's future. It's a major score, and the community reacted as such.

Media planners and buyers focus on paid media campaigns. A typical exposure campaign starts at $10,000 minimum. Even if he goes through an online RTB platform I don't see how he is going to target well enough to really get the XC story across in a cost effective way, and even if he could, paid advertising is something big companies do with multi million dollar budgets, XC is still asking people for donations. If we're going to waste all those donations on paid media instead of going through PR agencies like we are now, then me, like the people I know who do robs job, think its a massive waste of money.

Basicly, we don't have the money for it. We're not going to get a good cost per engagement ratio. This isn't coming from me, this is coming from ex colleagues of mine who work with brands such as Microsoft, MasterCard, Nike, Exxon mobile, and have extremely tight relationships technology side with companies like google and facebook.

Don't get me wrong, I love this project, but I don't think Dan understands marketing projects like this if he is looking for media planners and buyers when we don't have a budget.

Seriously, anyone in the industry would tell you this is a serious waste of money..

[milkyway]

hi guys,

sorry for a noob question, since im not a technical guy and just an investor. I would like to stake my coins with MAC wallet. it seems that i was not able to locate the wallet.dat file since i want to copy that to a thumdrive to back it up. how would i locate it? thank you and is the wallet version on the xc official website for MAC right? thanks again.

Hey milkyway

Yes, use the app version on the website. It's the latest for Mac.

You should find the wallet.dat file in /Users/USERNAME/Library/Application Support/XCurrency

I'm not a Mac user so if this is incorrect then hit reply.

Thank you <3 appreciate it! so i just have to unlock my wallet and let it stake right? despite my labtop being off. i just have to open it some times?

Sure. :-) Glad it worked out.

Yes, unlock your wallet. But unlock it for staking only, so that your coins are protected.

To collect interest you'll only need to unlock your wallet every few days. You can ignore it otherwise.

Ideally use coin control to allocate 50 - 500 XC to separate addresses. This makes payouts more regular.

P.S. If you haven't already done this, check out the wallet how-to for info.

Love you

[JakeThePanda]

So many pages.  Can someone give me Cliff Notes for the last couple of days?