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Author Topic: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos  (Read 1484218 times)
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coinzcoinzcoinz
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September 16, 2014, 09:50:42 PM
 #25601

Seriously, go look for yourself. I'm actually going to buy 5 BTC of XC so give me a break. I support XC.
CryptoGretzky
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September 16, 2014, 09:53:19 PM
 #25602

Seriously, go look for yourself. I'm actually going to buy 5 BTC of XC so give me a break. I support XC.

Your idea of "massive"...   is kinda small...

coinzcoinzcoinz
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September 16, 2014, 09:56:12 PM
 #25603

Seriously, go look for yourself. I'm actually going to buy 5 BTC of XC so give me a break. I support XC.

Your idea of "massive"...   is kinda small...
Ok screw it, I'll eat the 8 BTC sell order on cryptsy for the biggest part
Artoodeetoo
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September 16, 2014, 09:58:55 PM
 #25604

Seriously, go look for yourself. I'm actually going to buy 5 BTC of XC so give me a break. I support XC.

Your idea of "massive"...   is kinda small...
Ok screw it, I'll eat the 8 BTC sell order on cryptsy for the biggest part

Nice to see you here coinzzz

For those that don't know he is a big player....

Just in from work.. Nice climb....

Still got miles to go though... From the look of the new faces, people are waking up to the fact that this is the number 1 place to be in crypto, and at the moment, we are silly cheap..

Night all...

DASH #DashDC #DashIntoDigitalCash
battbot
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September 16, 2014, 10:00:02 PM
 #25605

Seriously, go look for yourself. I'm actually going to buy 5 BTC of XC so give me a break. I support XC.

Your idea of "massive"...   is kinda small...
Ok screw it, I'll eat the 8 BTC sell order on cryptsy for the biggest part

Notice that XC broke the rule, "buy the rumor, sell the news."  

Final REV2 was released 24 hours ago = rule broken.  XC should be a top 10 marketcap coin and has been grossly undervalued & accumulated for nearly 3 months.  Expect a big move.  
Artoodeetoo
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September 16, 2014, 10:01:12 PM
 #25606

Seriously, go look for yourself. I'm actually going to buy 5 BTC of XC so give me a break. I support XC.

Your idea of "massive"...   is kinda small...
Ok screw it, I'll eat the 8 BTC sell order on cryptsy for the biggest part

Notice that XC broke the rule, "buy the rumor, sell the news."  

Final REV2 was released 24 hours ago = rule broken.  XC should be a top 10 marketcap coin and has been grossly undervalued & accumulated for nearly 3 months.  Expect a big move.  

+1 Could not have put it better mate... The patient, strong hands are now being rewarded....

DASH #DashDC #DashIntoDigitalCash
ssmc2
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September 16, 2014, 10:02:20 PM
 #25607

XC- "Buy the rumor, Buy the news"  Cool
Driv3n
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September 16, 2014, 10:02:43 PM
 #25608

Seriously, go look for yourself. I'm actually going to buy 5 BTC of XC so give me a break. I support XC.

Your idea of "massive"...   is kinda small...
Ok screw it, I'll eat the 8 BTC sell order on cryptsy for the biggest part

Good to have you here, this is only the beginning.
Conurtrol
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September 16, 2014, 10:03:27 PM
 #25609

Seriously, go look for yourself. I'm actually going to buy 5 BTC of XC so give me a break. I support XC.

Your idea of "massive"...   is kinda small...
Ok screw it, I'll eat the 8 BTC sell order on cryptsy for the biggest part

Good to have you here, this is only the beginning.

+1
Jacques de Molay
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September 16, 2014, 10:05:44 PM
 #25610

Look at all those weak hands selling because it went from 14k to 17/18K

You will be sorry.

Driv3n
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September 16, 2014, 10:10:43 PM
 #25611


It'd be great if everyone can retweet this, lets get XC added to BTCChina.
holyprofit
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September 16, 2014, 10:13:13 PM
 #25612

wtf I was just going to buy a few BTC worth of XC as a hedge for another anonymous currency (will not name it), but then I noticed massive sell orders (on both Crypstsy and Mintpal). Is something going on? Is it safe to buy now?

Bit late to this discussion, but I think those will disappear. There was at least 25btc up to 175 earlier today. With the news actually being majorly spread *tomorrow* those walls are toast.
mr_random
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September 16, 2014, 10:16:09 PM
 #25613

Signs In The Last 24 Hours That XC Is Gaining Recognition and Word Is Spreading

1. Bitcoin magazine tweeted about XC



This is a huge win for us marketing wise. Even better is the actual content of the tweet.

2. Zerovalue has tipped us as a potential winner



This is just the kind of site we want spreading the word about XC - to people with an interest in financial investments.

3. Kristov Atlas, researcher of Bitcoin and privacy is interested in XC




4. New posters trickling into the XC topic. I'm even seeing diehard DRK posters asking questions here. Interest in our revolutionary new tech is flourishing.

----------------------------------------------------------------------------------------------------------------------------

Other things:

- Paid press release coming out soon to celebrate the good news
- Price is trending upwards nicely which attracts new people to our community
- Tons more development and projects to look forward to e.g. web 3.0 blockchain based content delivery
- Don't forget to join the newly announced multipool http://xcpool.xcurrency.co/

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.
 MΞTAWIN  THE FIRST WEB3 CASINO   
.
.. PLAY NOW ..
synechist
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September 16, 2014, 10:20:35 PM
 #25614

Hey,

Thanks for the response Smiley. Yeah I've read that doc (multiple times) and basically I just want to know the detailed process of what happens to "private payments". What I need confirming is:

  • "There might not be enough nodes making private payments at a given time, causing transactions to wait or be cancelled". This leads me to believe that ONLY nodes (node being, online wallet client) making private payments at the same time as you (and XMixers) are involved in forwarding the fragments? Or is every node involved? This definitely needs confirming first and foremost.

Yes, if a user isn't sending XC at a given time then his/her Xnode will not participate in a private transaction.
But if a user runs an Xmixer it will be available to participate whenever there aren't enough normal Xnodes for a given transaction.

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  • When you send a private payment, what happens to it? Is it broken down in to smaller fragments (how many exactly, a random number depending on the size of the TX or what?) and sent to other online wallets (whose balances cover the size of the fragment of course I assume).
Yes when you send a private payment, it is broken into fragments, which are each sent to other Xnodes (or Xmixers if necessary).
The algorithm for fragmenting randomises the fragment size and the number of fragments.
The balances of Xnodes mixing a transaction will need to be greater than or equal to the sum of some (not all) other fragments in the transaction.

Quote
Then when a node (online wallet) receives a fragment, what happens there?: [/li][/list]
- Do the coins contained in that fragment get "tumbled" with the wallet balance of the node, or just get forwarded to another node?

Neither actually. The mixing is a lot more sophisticated.
- It's roughly a group_sig transaction as implemented in Coinshuffle. Check that out.
- The transaction is between participating nodes, so each node doesn't act on its own.
- When a node initiates a payment, the fragments it creates aren't necessarily part of the same transaction. Each fragment can be on a completely different mixing transaction.
- The forwarding node doesn't get just the fragment; it gets the whole transaction.
- Therefore it doesn't even know which fragment belongs to who, and how much each fragment is.
- It checks the transaction to make sure it includes its own fragment, signs the transaction, and the whole thing goes ahead.
- If any node doesn't sign, the mesh network resyncs (which happens continually btw) and carries on.

Quote
- When the fragment gets forwarded (from the node) to another node, does one fragment get sent to one node or does each fragment get further broken down in to multiple (how many?) smaller fragments which get sent to multiple (how many) other nodes? Basically, does it only split in to fragments when it comes from the sender, or does each node further split it in to smaller fragments?

Each node making a payment will fragment that payment.
This means nodes forwarding fragments are also making their own payments (in fragments).
There's no way of distinguishing between a node's own fragments and the fragments it's forwarding.


Quote
- How many times does this process happen?
 * Does each fragment pass through a specific number of nodes or a random number until it finds its destination?
 * Is there a minimum number of nodes a fragment has to pass through?

I'm not sure on this point, but I think a single pass is all that's necessary.

Quote
  • XMixer: I'm assuming only large payments get sent through the XMixer (how large does it have to be to go through there? Does this depend on the size of the currently online nodes wallets compared to the TX size? Or is it "anything above [insertsizehere] goes through mixer?) I'm assuming larger payments get sent to the mixer in order to get broken down in to many small fragments for the nodes to handle? Or do transactions large enough for the mixer simply go "sender > Mixer(tumble) > Receiver"?

Small transactions will end up going through an Xmixer if, at a given time, other Xnodes aren't transacting.
The Xnodes themselves do the fragmenting, not just Xmixers.
Xmixers therefore only receive fragments.
This means that Xmixers (and Xnodes when they forward a tx) won't see large transactions as distinct from small ones. It's all the same to them.


Quote
I could go on and on making assumptions and asking questions here mate.

I won't part with my money if I don't understand how the system works.  

If there's some info or a document somewhere I've totally missed please forgive me.

If not, looking forward to hearing how this thing really works.


That's a respectable position, and a low-risk one.

We're going to publish a full scholarly exposition of XC's tech in due course (i.e. probably around Rev 3 when we launch publicly).

Those who think XC is worth investing in now will stand to gain more when it succeeds.



Thanks a lot for this mate and sorry for my late reply.
Would having non-paying nodes forward transactions even be possible?

Sure. Thanks for all the good questions! Quality discourse does everyone a favour.

A non-paying node would have no payment to submit to the mesh, and thus there would be no basis for it to be included in the transaction.


Co-Founder, the Blocknet
rdnkjdi
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September 16, 2014, 10:30:48 PM
 #25615

https://bitcointalk.org/index.php?topic=785326.0

Some days PoS has it's advantages  Roll Eyes
Driv3n
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September 16, 2014, 10:39:41 PM
 #25616


Thanks a lot for this mate and sorry for my late reply.
Would having non-paying nodes forward transactions even be possible?

Sure. Thanks for all the good questions! Quality discourse does everyone a favour.

A non-paying node would have no payment to submit to the mesh, and thus there would be no basis for it to be included in the transaction.



Snipped most of the convo but wanted to thank you both, this is great info and helpful for everyone to understand how Xmixers and transactions work.
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September 16, 2014, 11:13:58 PM
 #25617

Check it out, My first successful XMIXED transaction! This is what happened to a 250XC block after the transaction a net gain of 0.00019  Grin

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September 17, 2014, 12:49:38 AM
 #25618

do you have to disable staking to run the mixer? or when you run the client with the mixer command does that disable staking?
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September 17, 2014, 01:09:22 AM
 #25619

do you have to disable staking to run the mixer? or when you run the client with the mixer command does that disable staking?


Just running with -distmix-autonode and having a completely unlocked wallet (not just for staking) are all the XC settings you should have to touch.
coinzcoinzcoinz
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September 17, 2014, 01:24:52 AM
 #25620

This coinjoin killer, was it an announcement that it is going to be developed (meaning it will take a few weeks before we can see it in action), or has it been finished? If finished, can I try it already? It's a bit unclear, can someone please clarify?
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