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

[dadon]

Do a roll back if you want to completely fuck up everything that has been done so far...no...then it's settled..no roll back then..great glad we all agree.

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[mr_random]

If it's decided by a weighted vote in accordance with how much XC you own, a rollback would never happen.

Lots of the people who kept funds on the exchange would have taken a big hit to their XC reducing their voting power. And the majority of people who were unaffected (50%+) will never vote for the rollback.

Come From Beyond (NXT dev) tried to be subtle with his phrasing but he was pushing for a rollback imo. But the NXT votes via forging were massively against it. I own >1% of NXT and in my position where I could lose a lot of money, would rather see the price take a hit from panic and the thief dumping, then NXT losing all integrity and going on a death spiral and forever suffering FUD.

This is one reason why I think if we ever implement a voting system, the votes are weighted by the amount of XC you own (disclaimer - I own a lot, but I would honestly advance this viewpoint regardless. The same way I was against the Vericoin rollback and posting my thoughts without owning any).

[Abrupto]

Damn, it's awfully quiet in here and on the exchange. A friend I recently convinced about XC wants to buy 25 btc worth of XC. Anyone willing to sell otc? Please PM me.

Here's an idea:

- every so often, some of us will want to sell XC to pay salaries, rent, etc.

- why don't we post the amount and asking price here and see if there are any takers?

- if there's a deal, trades can take place on Mintpal, which will keep the volume up.

- and the community will understand the reason for selling rather than being perturbed/outraged at the stupidity of sellers.



P.S. This was Bisky's idea. Thanks Bisky!

P.P.S. This would only make sense to those who want to see the price head upwards but still need to sell some XC.

Good plan

Just have to put my two cents in This seems counterintuitive to me as we are a privacy first currency and platform. There will be many community members not wanting to disclose that type of information to the public, myself included.

We all know the downside to holding xc on exchanges but that's an integral part of crypto and we haven't seen anything yet. As larger investors enter xcurrency there will also be major traders right beside them looking to gain quick profits; even btc hasn't been able to escape this yet. Anyone who gets angry at traders should probably not be in crypto, without them btc would never have hit 1200, a price that garnered international media attention.

My vote is to continue on with private transactions. If someone shows an interest in purchasing xc it can easily be done through xchat or private messaging.

[Artoodeetoo]

Being lazy people, whats coming up next for us

Another nice steady day in XC land.... The only problem is im impatient to see how many coins I get on my next stake!

Have a good weekend all....

[Abrupto]

If it's decided by a weighted vote in accordance with how much XC you own, a rollback would never happen.

Lots of the people who kept funds on the exchange would have taken a big hit to their XC reducing their voting power. And the majority of people who were unaffected (50%+) will never vote for the rollback.

Come From Beyond (NXT dev) tried to be subtle with his phrasing but he was pushing for a rollback imo. But the NXT votes via forging were massively against it. I own >1% of NXT and in my position where I could lose a lot of money, would rather see the price take a hit from panic and the thief dumping, then NXT losing all integrity and going on a death spiral and forever suffering FUD.

This is one reason why I think if we ever implement a voting system, the votes are weighted by the amount of XC you own (disclaimer - I own a lot, but I would honestly advance this viewpoint regardless. The same way I was against the Vericoin rollback and posting my thoughts without owning any).

This should be a decision the devs make before there is an attack on xc. Having a weighted vote means centralized control over xcurrency. I personally don't want the wealthiest xc investors making decisions that will affect me financially. If people lose they're xc on exchanges they should be on their own.

[G-Bert]

Damn, it's awfully quiet in here and on the exchange. A friend I recently convinced about XC wants to buy 25 btc worth of XC. Anyone willing to sell otc? Please PM me.

Here's an idea:

- every so often, some of us will want to sell XC to pay salaries, rent, etc.

- why don't we post the amount and asking price here and see if there are any takers?

- if there's a deal, trades can take place on Mintpal, which will keep the volume up.

- and the community will understand the reason for selling rather than being perturbed/outraged at the stupidity of sellers.



P.S. This was Bisky's idea. Thanks Bisky!

P.P.S. This would only make sense to those who want to see the price head upwards but still need to sell some XC.

Good plan

Just have to put my two cents in This seems counterintuitive to me as we are a privacy first currency and platform. There will be many community members not wanting to disclose that type of information to the public, myself included.

I would presume it wouldn't be compulsory.

[G-Bert]

oi oi... back up to 162 

[Artoodeetoo]

guys this what to do if an exchange is hacked is such a hypothetical.. I leave 25% of my coins on the xchange just in case there is a mega spike... I guess if the exchange was hacked I would expect them to replace them on the open market (buy them back) or go under....

So I am in favour of a no rollback position.

Im not sure I think ATC has to come out and state that publicly though - as to what he would do... What if there was a technical issue that needed a roll back (I think BTC has been rolled back before)

If ATC comes out and says he will never roll back where does that leave us?

PS looks like the market are finally realising, if you want XC you have to buy it... WE ARE NOT SELLING!

[Abrupto]

oi oi... back up to 162 

Sweet, performing better than btc. And let's not forget there should be a white paper coming soon!

[battbot]

oi oi... back up to 162  

Sweet, performing better than btc. And let's not forget there should be a white paper coming soon!

Either today, tomorrow, or Sunday!  

A whitepaper is something XC desperately needs... especially with coins like mammoth and supercoin claiming to soon have the first decentralized trustless anon solution (that uses multisig).

XC has had this already available for over a month.

[mr_random]

If it's decided by a weighted vote in accordance with how much XC you own, a rollback would never happen.

Lots of the people who kept funds on the exchange would have taken a big hit to their XC reducing their voting power. And the majority of people who were unaffected (50%+) will never vote for the rollback.

Come From Beyond (NXT dev) tried to be subtle with his phrasing but he was pushing for a rollback imo. But the NXT votes via forging were massively against it. I own >1% of NXT and in my position where I could lose a lot of money, would rather see the price take a hit from panic and the thief dumping, then NXT losing all integrity and going on a death spiral and forever suffering FUD.

This is one reason why I think if we ever implement a voting system, the votes are weighted by the amount of XC you own (disclaimer - I own a lot, but I would honestly advance this viewpoint regardless. The same way I was against the Vericoin rollback and posting my thoughts without owning any).

This should be a decision the devs make, before there is an attack on xc. Having a weighted vote means centralized control over xcurrency. I personally don't want the wealthiest xc investors making decisions that will affect me financially. If people lose they're xc on exchanges they should be on their own.

Really though it's the only way to do it. If XC votes were equal, what's to stop someone with twice as much XC as you splitting his XC in half and voting twice?

A weighted vote is not centralised.

Logically, the more of XC someone owns, the greater say they should have as they are more affected by the voting outcome.

Additionally, if the vote wasn't weighted, the very example we are talking about could see a rollback executed (lots and lots of small fish on a big exchange).

The good news is the consensus in here is not to do a rollback so this XC voting discussion is moot. Perhaps Dan can go on record now and say no rollbacks will happen under any circumstances whilst the source code is closed and under his control. That would stop any future disagreements if Mintpal was hacked (because suddenly a lot of people would say they want a rollback  )

 

p.s. to anyone new to the topic reading about rollbacks, there has been no XC hacks. It's a hypothetical discussion.

[cyberhacker]

oi oi... back up to 162  

Sweet, performing better than btc. And let's not forget there should be a white paper coming soon!

Either today, tomorrow, or Sunday!  

A whitepaper is something XC desperately needs... especially with coins like mammoth and supercoin claiming to soon have the first decentralized trustless anon solution (that uses multisig).

XC has had this already available for over a month.

maybe go deep, we can find rev1. lol

[mr_random]

oi oi... back up to 162  

Sweet, performing better than btc. And let's not forget there should be a white paper coming soon!

Either today, tomorrow, or Sunday!  

A whitepaper is something XC desperately needs... especially with coins like mammoth and supercoin claiming to soon have the first decentralized trustless anon solution (that uses multisig).

XC has had this already available for over a month.

I agree brother.

I'm of the opinion we are too gentle with the competition.

We should do a thorough competitive analysis of us compared to other anon coins. New investors and people who don't read this forum frequently get lost in the sea of alt coins claiming to be anon/anonexchange!/EM!/trustless and for vast majority of them it's complete bullshit. Excuse my french.

Perhaps we should leave out the more established anon coins e.g. DRK and Monero and focus on the ones that peddle false promises and delayed functionality. I mean I just read the VOOT topic, are they FOR REAL? The topic title is "anon exchange released" and yet 50 pages later still no anon exchange released.

Then there is Mammoth coin spreading lies about Dan's tech, saying it's not trustless when it was trustless as proved by the blockchain since 7/7/2014.

Time to take off the kid gloves I think and come out fighting. Most coins in our position would be bashing all these pretenders... not with FUD but with facts!

[ssmc2]

BTC down, XC up? 

[dadon]

if XC gets hacked on an exchange and people loose there coins how about they suck it up and take responsibility for there own risk, the reason they would keep it there was so they could try to swing trade, that's there decision and not any one Else's, there for if they loose there coins it's there problem and not anyone Else's, end of story. why should others suffer? lol we shouldn't and we won't...this discussion is stupid.

[cyberhacker]

I agree brother.

I'm of the opinion we are too gentle with the competition.

We should do a thorough competitive analysis of us compared to other anon coins. New investors and people who don't read this forum frequently get lost in the sea of alt coins claiming to be anon/anonexchange!/EM!/trustless and for vast majority of them it's complete bullshit. Excuse my french.

Perhaps we should leave out the more established anon coins e.g. DRK and Monero and focus on the ones that peddle false promises and delayed functionality. I mean I just read the VOOT topic, are they FOR REAL? The topic title is "anon exchange released" and yet 50 pages later still no anon exchange released.

Then there is Mammoth coin spreading lies about Dan's tech, saying it's not trustless when it was trustless as proved by the blockchain since 7/7/2014.

Time to take off the kid gloves I think and come out fighting. Most coins in our position would be bashing all these pretenders... not with FUD but with facts!

man. do not give a shit to those shitcoins.

almost come to consensus XC anonymity is top notch

[Splatters]

finally some movements! It's time to rise again!!
too long under the right price!

[Longenecker]

I am sorely missing the XC daily update!   

[G-Bert]

Just got all my coins off mintpal. 

Coins are safe if unlocked for staking only yeah?

+1 on missing the daily update.

[counter]

Let me remind you guys, in our official forum you can find the official Price Speculation Topic, and the coin control Newb friendly guide, you can find both in my sig! Keep this topic clean for updates plz!

Just re-posting for all who are unaware as I was before reading.