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

[rdnkjdi]

I just would be very surprised if they have what we have, i'm not worried or anything, Dan has vision, a plan, the skills too do it and experience in running a major corporation, XC will be more then a currency when finished, it will be a business so being able to manage that is important when XC gets big, those things combined in one Dev is hard to beat, there can only be one king and that is and will be XC.

I really wasn't commenting on Vertcoin capability vs XC - just explaining Apple's likely reaction.

[dadon]

I just would be very surprised if they have what we have, i'm not worried or anything, Dan has vision, a plan, the skills too do it and experience in running a major corporation, XC will be more then a currency when finished, it will be a business so being able to manage that is important when XC gets big, those things combined in one Dev is hard to beat, there can only be one king and that is and will be XC.

I really wasn't commenting on Vertcoin capability vs XC - just explaining Apple's likely reaction.

Yeah i know i wrote that comment before i saw your comment all good mate.

[holyprofit]

I don't believe it...sounds like a load of shit to me.

undervalued or perhaps just no one wants to buy it? Anyway - I thought it was a scam that collapsed in February. Is this the same people or just the same name? Whatever. I find some of the claims ridiculous. e.g. is Apple really going to pass an iOS version of the apparently just cobbled together "shadow coin" wallet from an anonymous developer when it only just came to terms with bitcoin?

For whatever it's worth - I was in Vertcoin pretty heavy and the devs created an iOS wallet that Apple rejected.  So it might be worth getting some feedback (if you can) before dumping too much time into it.  I doubt the Anon feature is going to help with the Nazi's @ Apple  ...

Exactly - those guys are pretty strict. I think the chances it'll be rejected are pretty much 100%. For an iOS wallet to be acceptable even for XC it would need to be
very above board. I think the XC privacy/encryption feature would have to be made very innocuous looking.

Anyway for the wallet interface I think the hive wallet is great.
https://www.hivewallet.com
It's very Skype-like with account contacts etc, so would be perfect to expand on with encrypted messaging. Just a thought - I wonder if it is worth seeing if these guys or similar want to incorporate XChat and therefore XCurrency into their platform instead of writing a new mobile wallet entirely from scratch. Certainly they would benefit. Don't know how far along that end of things is.

[rdnkjdi]

Good to see you over hear mate  

Lol - working on it.  I actually had a little bit of an idea (weighing my options with our bet ... still working on funding.  Stupid Coinbase)

Anyway.  I was thinking a little about Ethereum.  I know a lot of people think it's a scam or whatever.  Which is fine - but one of the things I feel like they nailed with their coin is that they are using it to pay miners fees for running the touring complete script.  I also feel like MaidSafe is doing it correctly with their Proof of Resource by paying people to turn over their bandwidth / whatever.  The coin is tied to the utility being provided.

I'm NOT advertising other coins.  I don't own any maidsafe or ethereum.  Nor am I convinced they are good places to put money.

But understanding the XC is really two different things.  1 - A privacy platform that works off nodes/wallets.  2 - A currency (that works inside the nodes).  Wouldn't it make more sense to do a PoPN - or Proof of Privacy Node?

Basically I see the value of XC (assuming it's the best anon) - the value is coming from the nodes.  Not the people who hold the most coins (which really isn't even necessary for the privacy to work).  Also wouldn't it make sense to charge something for messages / skype calls / whatever that the nodes that are privatizing these things "harvest / mine"?

[rdnkjdi]

Good to see you over hear mate   I'm sure your the same guy i was talking to yesterday, excuse me if i'm wrong might be just similar user names.

Lol - yes.

[dadon]

I like the look of the Hive wallet and PopN Is an interesting concept, nice ideas, taking different ideas from different coins, tweaking and using them for XC is the way to go i thinks.

[Driv3n]

Good to see you over hear mate  

Lol - working on it.  I actually had a little bit of an idea (weighing my options with our bet ... still working on funding.  Stupid Coinbase)

Anyway.  I was thinking a little about Ethereum.  I know a lot of people think it's a scam or whatever.  Which is fine - but one of the things I feel like they nailed with their coin is that they are using it to pay miners fees for running the touring complete script.  I also feel like MaidSafe is doing it correctly with their Proof of Resource by paying people to turn over their bandwidth / whatever.  The coin is tied to the utility being provided.

I'm NOT advertising other coins.  I don't own any maidsafe or ethereum.  Nor am I convinced they are good places to put money.

But understanding the XC is really two different things.  1 - A privacy platform that works off nodes/wallets.  2 - A currency (that works inside the nodes).  Wouldn't it make more sense to do a PoPN - or Proof of Privacy Node?

Basically I see the value of XC (assuming it's the best anon) - the value is coming from the nodes.  Not the people who hold the most coins (which really isn't even necessary for the privacy to work).  Also wouldn't it make sense to charge something for messages / skype calls / whatever that the nodes that are privatizing these things "harvest / mine"?

I wish I had the technical knowledge to discuss these types of suggestions, perhaps when the whitepaper is released this weekend and we have a better idea of the different layers of privacy that XC provides it'll be easier to.

[brother3]

WTF Shadowcoin has everything we have plus cellphone stacking wallet...

Do they have a solid dev like ours?

Color me skeptical

Actually just color me bad

[G-Bert]

I just would be very surprised if they have what we have, i'm not worried or anything, Dan has vision, a plan, the skills too do it and experience in running a major corporation, XC will be more then a currency when finished, it will be a business so being able to manage that is important when XC gets big, those things combined in one Dev is hard to beat, there can only be one king and that is and will be XC.

I really wasn't commenting on Vertcoin capability vs XC - just explaining Apple's likely reaction.

Yeah i know i wrote that comment before i saw your comment all good mate.

Ha! I was there for that. no bickering today you 2. LOL

Im still pretty much all in on XC, good luck to shadow, but I dont think they'll get too much further unless the dev team proves who they are.

Still, they seem a lot better than DRK and CLOAK etc... and apparently their code is open source (just asked in the forum)

let me know if you want me to delete this post as im not strictly talking about XC here.

[dadon]

I just would be very surprised if they have what we have, i'm not worried or anything, Dan has vision, a plan, the skills too do it and experience in running a major corporation, XC will be more then a currency when finished, it will be a business so being able to manage that is important when XC gets big, those things combined in one Dev is hard to beat, there can only be one king and that is and will be XC.

I really wasn't commenting on Vertcoin capability vs XC - just explaining Apple's likely reaction.

Yeah i know i wrote that comment before i saw your comment all good mate.

Ha! I was there for that. no bickering today you 2. LOL

Im still pretty much all in on XC, good luck to shadow, but I dont think they'll get too much further unless the dev team proves who they are.

Still, they seem a lot better than DRK and CLOAK etc... and apparently their code is open source (just asked in the forum)

let me know if you want me to delete this post as im not strictly talking about XC here.

Yeah it got heated didn't it, I'm protective of my XC   but my plan was to bring some more people in and it seamed to work, all good now. and about Shadowcoin..competition is good it drives innovation, lets just make sure whatever they do we do better 

[rdnkjdi]

Ha! I was there for that. no bickering today you 2. LOL

Ehhhh ... I was in a bad mood yesterday.  Confirmed one of your side devs sole several grand from me via his stupid ASIC pre-orders.  He's been taken off the website so I don't (just) see red now and I'm not taking my anger out on others.  I would still avoid XC (and depending on coinbase still interested in that "XC will be less in 3 months" bet). 

But I've cooled off enough to think (more) rationally.  I do think there's room in the market for privacy nodes that reward the nodes (maybe).  Don't get me wrong - I'm still far from sold on XC or PoS.  I actually think the #2 coin / winner doesn't exist yet.  There are too many issues with bitcoin that people are mimicking (anonymity/privacy is only one of the issues to resolve in my opinion) - But it doesn't mean I'm not interested in talking about it.

Right now we are in a (again IMO) bull run privacy market meets bear run alt market. 

[G-Bert]

Good to see you over hear mate  

Lol - working on it.  I actually had a little bit of an idea (weighing my options with our bet ... still working on funding.  Stupid Coinbase)

Anyway.  I was thinking a little about Ethereum.  I know a lot of people think it's a scam or whatever.  Which is fine - but one of the things I feel like they nailed with their coin is that they are using it to pay miners fees for running the touring complete script.  I also feel like MaidSafe is doing it correctly with their Proof of Resource by paying people to turn over their bandwidth / whatever.  The coin is tied to the utility being provided.

I'm NOT advertising other coins.  I don't own any maidsafe or ethereum.  Nor am I convinced they are good places to put money.

But understanding the XC is really two different things.  1 - A privacy platform that works off nodes/wallets.  2 - A currency (that works inside the nodes).  Wouldn't it make more sense to do a PoPN - or Proof of Privacy Node?

Basically I see the value of XC (assuming it's the best anon) - the value is coming from the nodes.  Not the people who hold the most coins (which really isn't even necessary for the privacy to work).  Also wouldn't it make sense to charge something for messages / skype calls / whatever that the nodes that are privatizing these things "harvest / mine"?

I wish I had the technical knowledge to discuss these types of suggestions, perhaps when the whitepaper is released this weekend and we have a better idea of the different layers of privacy that XC provides it'll be easier to.

+1

Im liking the discussions going on though. Hive wallet looks good too!

[G-Bert]

I just would be very surprised if they have what we have, i'm not worried or anything, Dan has vision, a plan, the skills too do it and experience in running a major corporation, XC will be more then a currency when finished, it will be a business so being able to manage that is important when XC gets big, those things combined in one Dev is hard to beat, there can only be one king and that is and will be XC.

I really wasn't commenting on Vertcoin capability vs XC - just explaining Apple's likely reaction.

Yeah i know i wrote that comment before i saw your comment all good mate.

Ha! I was there for that. no bickering today you 2. LOL

Im still pretty much all in on XC, good luck to shadow, but I dont think they'll get too much further unless the dev team proves who they are.

Still, they seem a lot better than DRK and CLOAK etc... and apparently their code is open source (just asked in the forum)

let me know if you want me to delete this post as im not strictly talking about XC here.

Yeah it got heated didn't it, I'm protective of my XC   but my plan was to bring some more people in and it seamed to work, all good now. and about Shadowcoin..competition is good it drives innovation, lets just make sure whatever they do we do better 

My sentiments exactly.

@ rdnkjdi

I hope you change your mind about XC, buy some, and then pay dadon his winnings on your bet from your XC profits! 

[rdnkjdi]

Well for what it's worth I REALLY did mean what I said about consensus.  My biggest issue with crypto right now is exactly that - consensus.  With no consensus people trying to use it as money will get screwed over and over again when it loses all it's value (consensus).  Then second is the pyramid scheme.  It took me (longer) to come to this conclusion than it should've (and losing way more money than I wanted to).

But the fact is - that bitcoin slows distribution even while adoption grows.  Which heavily heavily discourages use of bitcoin as a currency IF you think adoption will grow.  In other words - "bitcoin is like money that I pay with except that if I pay with it now and twice as many people use it next year then it will be worth 2X as much".  On top of that - mining halves.  So if you assume that bitcoin is a currency (representation of energy) that is worth something along the lines of (# of adopters / difficulty to get bitcoin) then when it halves it further drives up the value of early adopters.  Not to even mention the mining difficulty / slice of the pie distribution method. (I'm sure all of this has been discussed somewhere).

But PoS (IMO) takes this problem and makes it worse.  If I want an XC coin - I have to buy it from you.  I can't mine it.  Then I have to hope the next guy is willing to pay more.  It's even more of a pyramid scheme than bitcoin.  In addition to that ... like I said before.

Currency = consensus.  This is why bitcoin is really the only thing trying to be a currency (albeit a pyramid currency).  When things are widely recognized as a transfer / store of energy or resources THEN they can be a currency.  But what we have is people putting their money into stuff they hopes turns into a currency ... then lose it all in a few weeks.  

This mindset creates the unstable markets we see and the high unlikely (due to the economics and competition being set up in such a way to make it unlikely that 1 XC will be worth anything in six months unless new money continues to pour in).  So most people thinking "Oh ... this could be a currency some day" WILL be left sitting with an empty bag while the speculators continue to bounce around.  Until the distribution is fixed.  And a broader consensus is formed around a coin.  

I feel the entire structure of everything (PoS is worse) directly discourages long term adoption or an actual "currency".  So there you have my rambling thoughts.  If XC were really good at what it did (which I have my doubts as to it being the best looking into Cryptonote ... they just need to solve bloat).  But IF it were - then tokens being rewarded to nodes that provide private communication is a completely different ecosystem than the PoS (& to lesser extent PoW) pyramid scheme.  AND it would help solve the problem we have with TOR - notably that the NSA can fund these nodes and if they get enough of them (and since nodes don't have any way of breaking even or making money - and the NSA has a huge budget they probably are) they can begin to crack privacy.

If you find a way to reward the nodes.  You solve the NSA problem.  

Sorry for the rambly post.  

I hope you change your mind about XC, buy some, and then pay dadon his winnings on your bet from your XC profits!  Grin Grin

lolol

[CryptoGretzky]

Well for what it's worth I REALLY did mean what I said about consensus.  My biggest issue with crypto right now is exactly that - consensus.  With no consensus people trying to use it as money will get screwed over and over again when it loses all it's value (consensus).  Then second is the pyramid scheme.  It took me (longer) to come to this conclusion than it should've (and losing way more money than I wanted to).

But the fact is - that bitcoin slows distribution even while adoption grows.  Which heavily heavily discourages use of bitcoin as a currency IF you think adoption will grow.  In other words - "bitcoin is like money that I pay with except that if I pay with it now and twice as many people use it next year then it will be worth 2X as much".  On top of that - mining halves.  So if you assume that bitcoin is a currency (representation of energy) that is worth something along the lines of (# of adopters / difficulty to get bitcoin) then when it halves it further drives up the value of early adopters.  Not to even mention the mining difficulty / slice of the pie distribution method. (I'm sure all of this has been discussed somewhere).

But PoS (IMO) takes this problem and makes it worse.  If I want an XC coin - I have to buy it from you.  I can't mine it.  Then I have to hope the next guy is willing to pay more.  It's even more of a pyramid scheme than bitcoin.  In addition to that ... like I said before.

Currency = consensus.  This is why bitcoin is really the only thing trying to be a currency (albeit a pyramid currency).  When things are widely recognized as a transfer / store of energy or resources THEN they can be a currency.  But what we have is people putting their money into stuff they hopes turns into a currency ... then lose it all in a few weeks.  

This mindset creates the unstable markets we see and the high unlikely (due to the economics and competition being set up in such a way to make it unlikely that 1 XC will be worth anything in six months unless new money continues to pour in).  So most people thinking "Oh ... this could be a currency some day" WILL be left sitting with an empty bag while the speculators continue to bounce around.  Until the distribution is fixed.  And a broader consensus is formed around a coin.  

I feel the entire structure of everything (PoS is worse) directly discourages long term adoption or an actual "currency".  So there you have my rambling thoughts.  If XC were really good at what it did (which I have my doubts as to it being the best looking into Cryptonote ... they just need to solve bloat).  But IF it were - then tokens being rewarded to nodes that provide private communication is a completely different ecosystem than the PoS (& to lesser extent PoW) pyramid scheme.  AND it would help solve the problem we have with TOR - notably that the NSA can fund these nodes and if they get enough of them (and since nodes don't have any way of breaking even or making money - and the NSA has a huge budget they probably are) they can begin to crack privacy.

If you find a way to reward the nodes.  You solve the NSA problem.  

Sorry for the rambly post.  

I hope you change your mind about XC, buy some, and then pay dadon his winnings on your bet from your XC profits!  Grin Grin

lolol

A coin that have long POW does not necessarily means it's easier to get the coins.... just look at Bitcoin.   You think it's easy to mine Bitcoin?   You might as well buy it from the exchange, otherwise, the ASIC you are getting will never allow you to see ROI.   So, what's the difference between buying Bitcoin from and exchange and buying XC from an exchange??!?!?   Nothing.

[rdnkjdi]

A coin that have long POW does not necessarily means it's easier to get the coins.... just look at Bitcoin.   You think it's easy to mine Bitcoin?   You might as well buy it from the exchange, otherwise, the ASIC you are getting will never allow you to see ROI.   So, what's the difference between buying Bitcoin from and exchange and buying XC from an exchange??!?!?   Nothing.

Actually there is.  Mining it means that energy is being spent on creation of the coins (mining) vs rewarding the owners + making sure all new minted coins go to existing hodlers  (PoS).  Not people who've spent their money on mining equipment.  

[CryptoGretzky]

A coin that have long POW does not necessarily means it's easier to get the coins.... just look at Bitcoin.   You think it's easy to mine Bitcoin?   You might as well buy it from the exchange, otherwise, the ASIC you are getting will never allow you to see ROI.   So, what's the difference between buying Bitcoin from and exchange and buying XC from an exchange??!?!?   Nothing.

Actually there is.  Mining it means that energy is being spent on creation of the coins (mining) vs rewarding the owners (PoS) + making sure all new minted coins go to existing holders.  Not people who've spent their money on mining equipment.  

Humans are driven by greed.   The minted coins will get dumped still and distributed.    

With Bitcoins, the people that are getting rich off it are the ASIC companies (shovel sellers).    
With PoS coins, the money stays within the system (as in the coins market either btc or alt coins).

[G-Bert]

Well for what it's worth I REALLY did mean what I said about consensus.  My biggest issue with crypto right now is exactly that - consensus.  With no consensus people trying to use it as money will get screwed over and over again when it loses all it's value (consensus).  Then second is the pyramid scheme.  It took me (longer) to come to this conclusion than it should've (and losing way more money than I wanted to).

But the fact is - that bitcoin slows distribution even while adoption grows.  Which heavily heavily discourages use of bitcoin as a currency IF you think adoption will grow.  In other words - "bitcoin is like money that I pay with except that if I pay with it now and twice as many people use it next year then it will be worth 2X as much".  On top of that - mining halves.  So if you assume that bitcoin is a currency (representation of energy) that is worth something along the lines of (# of adopters / difficulty to get bitcoin) then when it halves it further drives up the value of early adopters.  Not to even mention the mining difficulty / slice of the pie distribution method. (I'm sure all of this has been discussed somewhere).

But PoS (IMO) takes this problem and makes it worse.  If I want an XC coin - I have to buy it from you.  I can't mine it.  Then I have to hope the next guy is willing to pay more.  It's even more of a pyramid scheme than bitcoin.  In addition to that ... like I said before.

Currency = consensus.  This is why bitcoin is really the only thing trying to be a currency (albeit a pyramid currency).  When things are widely recognized as a transfer / store of energy or resources THEN they can be a currency.  But what we have is people putting their money into stuff they hopes turns into a currency ... then lose it all in a few weeks.  

This mindset creates the unstable markets we see and the high unlikely (due to the economics and competition being set up in such a way to make it unlikely that 1 XC will be worth anything in six months unless new money continues to pour in).  So most people thinking "Oh ... this could be a currency some day" WILL be left sitting with an empty bag while the speculators continue to bounce around.  Until the distribution is fixed.  And a broader consensus is formed around a coin.  

I feel the entire structure of everything (PoS is worse) directly discourages long term adoption or an actual "currency".  So there you have my rambling thoughts.  If XC were really good at what it did (which I have my doubts as to it being the best looking into Cryptonote ... they just need to solve bloat).  But IF it were - then tokens being rewarded to nodes that provide private communication is a completely different ecosystem than the PoS (& to lesser extent PoW) pyramid scheme.  AND it would help solve the problem we have with TOR - notably that the NSA can fund these nodes and if they get enough of them (and since nodes don't have any way of breaking even or making money - and the NSA has a huge budget they probably are) they can begin to crack privacy.

If you find a way to reward the nodes.  You solve the NSA problem.  

Sorry for the rambly post.  

I hope you change your mind about XC, buy some, and then pay dadon his winnings on your bet from your XC profits!  Grin Grin

lolol

A coin that have long POW does not necessarily means it's easier to get the coins.... just look at Bitcoin.   You think it's easy to mine Bitcoin?   You might as well buy it from the exchange, otherwise, the ASIC you are getting will never allow you to see ROI.   So, what's the difference between buying Bitcoin from and exchange and buying XC from an exchange??!?!?   Nothing.

This.

Plus you can always mine other coins and exchange them for XC for now. Then once you have some, you will be staking without needing to worry about mining. Buying more on exchanges only helps spread the wealth.

Anyway, 3.30am, Im knackered. till tomorrow

[CryptoGretzky]

Something I noticed on Mintpal that is really peculiar...

The change % of XC is mostly in the negative even if our 6/24 hours don't change much.

The change % of Cloak is mostly ALWAYS positive even though they have dropped like a rock in the last 24 hours (110k -> 79k)

Is Mintpal trying to artificially make some coins look good/bad?!?!  This is not the first day that I have noticed this by the way.

[RW-Stott]

Something I noticed on Mintpal that is really peculiar...

The change % of XC is mostly in the negative even if our 6/24 hours don't change much.

The change % of Cloak is mostly ALWAYS positive even though they have dropped like a rock in the last 24 hours (110k -> 79k)

Is Mintpal trying to artificially make some coins look good/bad?!?!  This is not the first day that I have noticed this by the way.

Just coincidence. Mintpal does stat resets at same time each day