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

[synechist]

Hi guys, I haven't been following this thread for a while.

I have a quick question: Have you implemented  Xnode system where you stake the 550XC to run the node?

They removed the requirement to have 550 XC to be an Xnode.   That might change later on, but for now, you don't need it.  Every wallet is an Xnode now.

I see. I think this is one of the reasons why this coin hasn't taken off, people want to earn extra coins through running a node, unless i'm mistaken and you get a payment for running a Xnode?

Yes but the payment has not yet been decided and is not active in the node yet. I think this will be added in Rev 2.5 Synechist might be able to clarify.

The sooner we get a fee for running an Xnode the sooner this coin takes off.

+1

waiting for this since i first heard the word xnode!

Yes I think there is some degree of an incentive to use XC if Xnode fees are charged.

However I do not think the incentive is all that great, since the fees will not be particularly high.

(And if the fees were high, then we'd disincentivise people from using XC to make payments.)

To my mind by far the greatest incentive to invest in XC is its solid fundamentals. At this stage you make money out of investing early, not by processing transactions.

Transaction fees would become a viable income when XC becomes truly mainstream. Before then, they're just not that much of an incentive.


That said, we're still considering what fees will be charged for private transactions, and whether there's sufficient warrant for a minimum wallet balance. We will, of course, keep you posted on this as things develop.


Just don't expect it to change people's behaviour much when we announce these details. What'll change wallet usage is Privacy Mode and a great client for secure instant messaging, and those are on the way.

[cryptico]

Yes I think there is some degree of an incentive to use XC if Xnode fees are charged.

However I do not think the incentive is all that great, since the fees will not be particularly high.

(And if the fees were high, then we'd disincentivise people from using XC to make payments.)

To my mind by far the greatest incentive to invest in XC is its solid fundamentals. At this stage you make money out of investing early, not by processing transactions.

Transaction fees would become a viable income when XC becomes truly mainstream. Before then, they're just not that much of an incentive.


That said, we're still considering what fees will be charged for private transactions, and whether there's sufficient warrant for a minimum wallet balance. We will, of course, keep you posted on this as things develop.


Just don't expect it to change people's behaviour much when we announce these details. What'll change wallet usage is Privacy Mode and a great client for secure instant messaging, and those are on the way.

I am dazzled on How Professionally this project is being developed everything here screams Full Business approach and not just Crypto Price speculation coin... XC will be Indeed the Market Leader in the Crypto Economy in the near Future.

Superior Tech, amazing PR and the First Crypto managed as a real Company.

You are buying Early Shares in the most amazing innovative tek Company in the New Crypto Economy.

Congrats Folks!

[rockstahh]

This is Synechist the morning that REV3 is released! ha ha...!

Done in the spirit of fun, I hope you can take a joke syne!

[synechist]

This is Synechist the morning that REV3 is released! ha ha...!


[Snip]

Done in the spirit of fun, I hope you can take a joke syne!

Ha ha! My goodness.

I'm having trouble maintaining my gaze on the screen with that gif cycling round!

[CrazyLeoW]

How about the UI update preview? 

[synechist]

How about the UI update preview? 

Heh. Rev 2.5 ;-)

[Queeq]

Anything new to update daily update? http://xctalk.com/index.php?/topic/168-the-xc-daily-update/

[cryptico]

How about the UI update preview? 

Heh. Rev 2.5 ;-)

End Of July? Make me Jizz

[tr8kr]

Hi guys, I haven't been following this thread for a while.

I have a quick question: Have you implemented  Xnode system where you stake the 550XC to run the node?

They removed the requirement to have 550 XC to be an Xnode.   That might change later on, but for now, you don't need it.  Every wallet is an Xnode now.

I see. I think this is one of the reasons why this coin hasn't taken off, people want to earn extra coins through running a node, unless i'm mistaken and you get a payment for running a Xnode?

Yes but the payment has not yet been decided and is not active in the node yet. I think this will be added in Rev 2.5 Synechist might be able to clarify.

The sooner we get a fee for running an Xnode the sooner this coin takes off.

+1

waiting for this since i first heard the word xnode!

Yes I think there is some degree of an incentive to use XC if Xnode fees are charged.

However I do not think the incentive is all that great, since the fees will not be particularly high.

(And if the fees were high, then we'd disincentivise people from using XC to make payments.)

To my mind by far the greatest incentive to invest in XC is its solid fundamentals. At this stage you make money out of investing early, not by processing transactions.

Transaction fees would become a viable income when XC becomes truly mainstream. Before then, they're just not that much of an incentive.


That said, we're still considering what fees will be charged for private transactions, and whether there's sufficient warrant for a minimum wallet balance. We will, of course, keep you posted on this as things develop.


Just don't expect it to change people's behaviour much when we announce these details. What'll change wallet usage is Privacy Mode and a great client for secure instant messaging, and those are on the way.

This an old post where i was suggesting some idea to support the cost of running an xnode and balance the fact that when you reserve a balance you dont stake that reserve and lost the 3,3% of interest in staking.
Right now i dont know if running the new wallet use again this reserve balance.

http://xctalk.com/index.php?/topic/71-xnode-and-the-incentive-to-run-it/

Using this technology for becoming anonym cant be free that my vision.

Discuss ?

[hoertest]

How about the UI update preview? 

Heh. Rev 2.5 ;-)

please share the new privacy feature before. Also last try for new thread title.

[synechist]

Hi guys, I haven't been following this thread for a while.

I have a quick question: Have you implemented  Xnode system where you stake the 550XC to run the node?

They removed the requirement to have 550 XC to be an Xnode.   That might change later on, but for now, you don't need it.  Every wallet is an Xnode now.

I see. I think this is one of the reasons why this coin hasn't taken off, people want to earn extra coins through running a node, unless i'm mistaken and you get a payment for running a Xnode?

Yes but the payment has not yet been decided and is not active in the node yet. I think this will be added in Rev 2.5 Synechist might be able to clarify.

The sooner we get a fee for running an Xnode the sooner this coin takes off.

+1

waiting for this since i first heard the word xnode!

Yes I think there is some degree of an incentive to use XC if Xnode fees are charged.

However I do not think the incentive is all that great, since the fees will not be particularly high.

(And if the fees were high, then we'd disincentivise people from using XC to make payments.)

To my mind by far the greatest incentive to invest in XC is its solid fundamentals. At this stage you make money out of investing early, not by processing transactions.

Transaction fees would become a viable income when XC becomes truly mainstream. Before then, they're just not that much of an incentive.


That said, we're still considering what fees will be charged for private transactions, and whether there's sufficient warrant for a minimum wallet balance. We will, of course, keep you posted on this as things develop.


Just don't expect it to change people's behaviour much when we announce these details. What'll change wallet usage is Privacy Mode and a great client for secure instant messaging, and those are on the way.

This an old post where i was suggesting some idea to support the cost of running an xnode and balance the fact that when you reserve a balance you dont stake that reserve and lost the 3,3% of interest in staking.
Right now i dont know if running the new wallet use again this reserve balance.

http://xctalk.com/index.php?/topic/71-xnode-and-the-incentive-to-run-it/

Using this technology for becoming anonym cant be free that my vision.

Discuss ?

At present it isn't free to make an anonymous transaction. It costs 0.00001XC, or something (can't remember).

You can run your Xnode and earn 3.33% interest on your entire balance; you no longer have to lose out on the interest on the 550XC that you previously had to reserve for an Xnode.

In future we may increase the transaction fee, and this would pay Xnode owners to keep their apps running. However I doubt that we'll do this for the following reasons:
- increasing fees will disincentivise people from using XC
- XChat will incentivise people to keep their apps running, so we won't need to provide a further incentive.

However there may still be use-cases for trusted Xnodes. In such cases there's a reason to require a minimum balance and charge higher fees. I'm honestly not sure what these use-cases are because I haven't chatted about it with Dan in enough detail yet, but this could be one (of several?) ways in which you can earn transaction fees for running an Xnode.

[synechist]

How about the UI update preview? 

Heh. Rev 2.5 ;-)

please share the new privacy feature before. Also last try for new thread title.

The undisclosed privacy feature will come before Rev 2.5, because it's a Rev 2 feature. :-)

As for a new thread title, you'll have to ask Teka because he's the moderator. How about "[ANN][XCurrency] Trustless mixing; multipath; encrypted P2P instant messaging"

[Driv3n]

How about the UI update preview? 

Heh. Rev 2.5 ;-)

End Of July? Make me Jizz

You mean that gif doesnt do it for you??

[Artoodeetoo]

REV 2.5 is end of July? Yay if thats correct..

One request if you please....   Please release it properly and not at 23:59 on the 31st in a non complete state

Would rather have it as intended even if it means waiting longer.

[oblox]

How about the UI update preview? 

Heh. Rev 2.5 ;-)

please share the new privacy feature before. Also last try for new thread title.

The undisclosed privacy feature will come before Rev 2.5, because it's a Rev 2 feature. :-)

As for a new thread title, you'll have to ask Teka because he's the moderator. How about "[ANN][XCurrency] Trustless mixing; multipath; encrypted P2P instant messaging"

I'd still also recommend keeping the XC symbol in there: "[ANN][XC] XCurrency - Trustless multipath mixing; encrypted P2P instant messaging, web 3.0"

[synechist]

How about the UI update preview? 

Heh. Rev 2.5 ;-)

End Of July? Make me Jizz

You mean that gif doesnt do it for you??

That gif... oh man.

REV 2.5 is end of July? Yay if thats correct..

No, Cryptico came up with that date. We've said nothing of the sort.

Please, everyone, don't trust information without first checking official announcements. Imagine I'd not been here and this "end of July" notion started to get amplified.

[Artoodeetoo]

Calming down again

[hoertest]

How about the UI update preview?  

Heh. Rev 2.5 ;-)

please share the new privacy feature before. Also last try for new thread title.

The undisclosed privacy feature will come before Rev 2.5, because it's a Rev 2 feature. :-)

As for a new thread title, you'll have to ask Teka because he's the moderator. How about "[ANN][XCurrency] Trustless mixing; multipath; encrypted P2P instant messaging"

Yeah defenatly XCurrency , i tink the rest is already to "insider technical",


"[ANN][XCurrency] Decentralised Privacy; Tor Stick; encrypted XChat" , sounds more like a headline i think


one could also change tor stick for "bloat free" or "fully scalable" to distinct XC from monero without saying monero.

what you say teka?

[shockstar]

Over 25 copies of Watch Dogs given away to XC Community Members!

I still have a stack of codes for whoever speaks up

 Or if you miss your chances in here, I am periodically hopping on the Polo Trollbox and making it Rain games on them too if they tweet or like or share XC on twitter and FB.  A little plug never hurt nobody

Any chance i can get a copy?

[cryptico]

How about the UI update preview? 

Heh. Rev 2.5 ;-)

End Of July? Make me Jizz

You mean that gif doesnt do it for you??

That gif... oh man.

REV 2.5 is end of July? Yay if thats correct..

No, Cryptico came up with that date. We've said nothing of the sort.

Please, everyone, don't trust information without first checking official announcements. Imagine I'd not been here and this "end of July" notion started to get amplified?

I just wanted confirmation of that date. I remember that Dan was saying it would come up on a similar time frame end of july first two weeks in august in IRC while testing Rev 1.5 I believe or Rev 2 I don't remember which rev. I did not want to create any false expectations if I did I can Apology for that.