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

[mr_random]

There is a topic about Coinshuffle on the front page of Reddit r/bitcoin, please upvote this XC post: http://www.reddit.com/r/Bitcoin/comments/2hy9n5/presenting_coinshuffle_trustless_peertopeer/ckxfq1p
Synechist I posted your explanation of XCurrency (http://www.reddit.com/r/Bitcoin/comments/2hy9n5/presenting_coinshuffle_trustless_peertopeer/ckxhc9q?context=3) and someone asked me:

"I haven't quite grasped the scenario of 'what happens if a node that receives coins to mix just drops off the face of the Earth', what happens to those coins? How do you work around this?
Side note: you should also consider building in a timeout setting, such that a node involved in mixing cannot hold coins for more than X seconds or Y coins or Z transactions (or some combination); else, they could sit there collecting as many coins as possible and then walking off with them - unless there's some other mitigation to this already?
In short, how do you mitigate against rogue nodes? Yes you have mentioned something about kicking bad nodes out, but what's to prevent a rogue node from just re-spawning under a different ID?"

Can you give me a response to give them or post there directly?

[cryptico]

Dan I need to tell you something can you come in Xchat one sec?

[synechist]

There is a topic about Coinshuffle on the front page of Reddit r/bitcoin, please upvote this XC post: http://www.reddit.com/r/Bitcoin/comments/2hy9n5/presenting_coinshuffle_trustless_peertopeer/ckxfq1p
Synechist I posted your explanation of XCurrency (http://www.reddit.com/r/Bitcoin/comments/2hy9n5/presenting_coinshuffle_trustless_peertopeer/ckxhc9q?context=3) and someone asked me:

"I haven't quite grasped the scenario of 'what happens if a node that receives coins to mix just drops off the face of the Earth', what happens to those coins? How do you work around this?
Side note: you should also consider building in a timeout setting, such that a node involved in mixing cannot hold coins for more than X seconds or Y coins or Z transactions (or some combination); else, they could sit there collecting as many coins as possible and then walking off with them - unless there's some other mitigation to this already?
In short, how do you mitigate against rogue nodes? Yes you have mentioned something about kicking bad nodes out, but what's to prevent a rogue node from just re-spawning under a different ID?"

Can you give me a response to give them or post there directly?

Thanks Mr_Random. Nice one. Onto it...


P.S. Nodes received the whole transaction, not just the coins. They either sign the whole thing (thereby agreeing to forward coins) or opt out. There's no possibility of stealing.

[atcsecure]

There is a topic about Coinshuffle on the front page of Reddit r/bitcoin, please upvote this XC post: http://www.reddit.com/r/Bitcoin/comments/2hy9n5/presenting_coinshuffle_trustless_peertopeer/ckxfq1p
Synechist I posted your explanation of XCurrency (http://www.reddit.com/r/Bitcoin/comments/2hy9n5/presenting_coinshuffle_trustless_peertopeer/ckxhc9q?context=3) and someone asked me:

"I haven't quite grasped the scenario of 'what happens if a node that receives coins to mix just drops off the face of the Earth', what happens to those coins? How do you work around this?
Side note: you should also consider building in a timeout setting, such that a node involved in mixing cannot hold coins for more than X seconds or Y coins or Z transactions (or some combination); else, they could sit there collecting as many coins as possible and then walking off with them - unless there's some other mitigation to this already?
In short, how do you mitigate against rogue nodes? Yes you have mentioned something about kicking bad nodes out, but what's to prevent a rogue node from just re-spawning under a different ID?"

Can you give me a response to give them or post there directly?

Interesting question but really thats how REV1 worked, REV2's trustless system doesn't allow a node to hold coins and "disappear" - since its an atomic transaction, so if the node drops off in the middle of the TX, then the TX fails and is banned.. Rogue/Bad nodes can't steal coins

[MemoryShock]

okay to use XChat, make a new local wallet address, then right click to get your Pubkey - those 2 values are what you share

however in an upcoming release, you can just use your alias/username

Awesome; Thank you!

[atcsecure]

Dan I need to tell you something can you come in Xchat one sec?

sure - unless I'm building a new release, I leave XChat open 24/7

[atcsecure]

okay to use XChat, make a new local wallet address, then right click to get your Pubkey - those 2 values are what you share

however in an upcoming release, you can just use your alias/username

Awesome; Thank you!

Yes and it will be decentralised  - (Proof of Identity)

[mr_random]

Interesting question but really thats how REV1 worked, REV2's trustless system doesn't allow a node to hold coins and "disappear" - since its an atomic transaction, so if the node drops off in the middle of the TX, then the TX fails and is banned.. Rogue/Bad nodes can't steal coins

Understood. I knew you got the mixing working so it's trustless but I wasn't sure on the details of it.

Thanks Mr_Random. Nice one. Onto it...

P.S. Nodes received the whole transaction, not just the coins. They either sign the whole thing (thereby agreeing to forward coins) or opt out. There's no possibility of stealing.

Cheers.

I'll make a note of what you post on Reddit for future reference.

[MemoryShock]

Yes and it will be decentralised  - (Proof of Identity)

Now that is some cool stuff right there...looking forward!

[synechist]

Interesting question but really thats how REV1 worked, REV2's trustless system doesn't allow a node to hold coins and "disappear" - since its an atomic transaction, so if the node drops off in the middle of the TX, then the TX fails and is banned.. Rogue/Bad nodes can't steal coins

Understood. I knew you got the mixing working so it's trustless but I wasn't sure on the details of it.

Thanks Mr_Random. Nice one. Onto it...

P.S. Nodes received the whole transaction, not just the coins. They either sign the whole thing (thereby agreeing to forward coins) or opt out. There's no possibility of stealing.

Cheers.

I'll make a note of what you post on Reddit for future reference.

Only a pleasure.

For the future, some terms you could use where relevant are:

"atomic transaction" - i.e. one that can't be broken into parts, so that, say, coins can't be kept if other bits are left behind.
"multi-party signature transaction" - all parties need to sign in order for the tx to be valid, kind of like m-of-m multisig.

[synechist]

Any chance we gonna do a custom Blockchain rather then using a general site?

How about it KimmyF?

[synechist]

Bump. Let's spread this folks.

Early testing of #XChat GROUP CHAT has begun! Here's to the future.

#XCurrency $XC #privacy #NSA


Twitter: https://twitter.com/XCurrency/status/517369018475634688

Facebook: https://www.facebook.com/XCurrency/posts/1553843411506227

[tr8kr]

Any chance we gonna do a custom Blockchain rather then using a general site?

Like this ?



Credits to KimmyF

[illodin]

There is a topic about Coinshuffle on the front page of Reddit r/bitcoin, please upvote this XC post: http://www.reddit.com/r/Bitcoin/comments/2hy9n5/presenting_coinshuffle_trustless_peertopeer/ckxfq1p
Synechist I posted your explanation of XCurrency (http://www.reddit.com/r/Bitcoin/comments/2hy9n5/presenting_coinshuffle_trustless_peertopeer/ckxhc9q?context=3) and someone asked me:

"I haven't quite grasped the scenario of 'what happens if a node that receives coins to mix just drops off the face of the Earth', what happens to those coins? How do you work around this?
Side note: you should also consider building in a timeout setting, such that a node involved in mixing cannot hold coins for more than X seconds or Y coins or Z transactions (or some combination); else, they could sit there collecting as many coins as possible and then walking off with them - unless there's some other mitigation to this already?
In short, how do you mitigate against rogue nodes? Yes you have mentioned something about kicking bad nodes out, but what's to prevent a rogue node from just re-spawning under a different ID?"

Can you give me a response to give them or post there directly?

Interesting question but really thats how REV1 worked, REV2's trustless system doesn't allow a node to hold coins and "disappear" - since its an atomic transaction, so if the node drops off in the middle of the TX, then the TX fails and is banned.. Rogue/Bad nodes can't steal coins

If a node's internet connection goes down / computer crashes before it manages to sign, it's IP gets banned? One strike and you're out?

And sorry I have dementia, but did the node have to have 500 XC or was it just the requirement for the xmixer?

[atcsecure]

There is a topic about Coinshuffle on the front page of Reddit r/bitcoin, please upvote this XC post: http://www.reddit.com/r/Bitcoin/comments/2hy9n5/presenting_coinshuffle_trustless_peertopeer/ckxfq1p
Synechist I posted your explanation of XCurrency (http://www.reddit.com/r/Bitcoin/comments/2hy9n5/presenting_coinshuffle_trustless_peertopeer/ckxhc9q?context=3) and someone asked me:

"I haven't quite grasped the scenario of 'what happens if a node that receives coins to mix just drops off the face of the Earth', what happens to those coins? How do you work around this?
Side note: you should also consider building in a timeout setting, such that a node involved in mixing cannot hold coins for more than X seconds or Y coins or Z transactions (or some combination); else, they could sit there collecting as many coins as possible and then walking off with them - unless there's some other mitigation to this already?
In short, how do you mitigate against rogue nodes? Yes you have mentioned something about kicking bad nodes out, but what's to prevent a rogue node from just re-spawning under a different ID?"

Can you give me a response to give them or post there directly?

Interesting question but really thats how REV1 worked, REV2's trustless system doesn't allow a node to hold coins and "disappear" - since its an atomic transaction, so if the node drops off in the middle of the TX, then the TX fails and is banned.. Rogue/Bad nodes can't steal coins

If a node's connection crashes before it manages to sign, it's IP gets banned? One strike and you're out? Did the node have to have 500 XC or was it just the requirement for the xmixer?

There is a ban score actually and this system is being updated for rev3

The node would have been an XMIXER

[illodin]

The node would have been an XMIXER

XMIXER requires 1000 XC,
XNODE requires 0?

[atcsecure]

The node would have been an XMIXER

XMIXER requires 1000 XC,
XNODE requires 0?

Correct

[tr8kr]

Want some XC Illodin to begin your path to the light side ? 

[novirudarzg]

hello can anyone help me?
 i get 3 times less xc through multipool than it says in stats (0.25 xc per mhash x11) ,, is that becoz' unconfirmed shares or else?

You should be getting about 50% of that, due to the litecoinx shares not included

Dan

yes that is correct. thanks

[akula999]

1000 XC, will take me forever! Oh well. Slow and steady.