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

[synechist]

Yeah I guess I understood this, but its not much of a service.  At the moment we are the best at this, but soon it will be open source, and it wont take long for other coins to adopt this feature internally.  So in the end we will own nothing.  I thought that we would at least own the items on the roadmap like Xchat, but this is now looking doubtful and the ability to distribute content which now seems more plausibly done by Xblock.  I think xBlock is becoming what we all had hoped XC would become.

I don't think it was fair to make xBlock an owned entity, it should have been a open not-for-profit entity.  There will always be a tug-a-war between xblocks needs for profit and the coins.  I cannot see it working.  It will just implode.  Sorry I feel this way.  I would love to be proved otherwise.

Let's just keep things simple:

- XC and the Blocknet are entirely distinct, and none of XC's features are porting over to the Blocknet.
- Why not? - because that's like saying Google's features are going to port over to the internet. Huh? No. Doesn't make sense.


Did you miss my post above about "ownership" of XChat? XC holders will get shares in XC Inc and will therefore effectively "own" (i.e. get paid for) XChat twice in the event that XC Inc sells the tech to a third party.

What's xBlock? Did you read the PR? Nothing in there is called that. :-)

I know they will be distinct but I am confused on what services will be offered by XC, or more importantly its niche.  Is it just mixing or is there more, will it still be a "Decentralised Trustless Privacy Platform / Encrypted XChat" or are these niches now taken by Blocknet and XC Inc.

The Blocknet isn't a "decentralised trustless privacy platform". It's a way of getting nodes to communicate.

XChat is an XC feature. It will always be.

As for the relation between XCurrency and XC Inc:
- XC Inc develops tech for XCurrency. It's committed to XCurrency.
- It is the legal entity that enables XCurrency to interface with the business world. As such it gains vitally important connections for XCurrency.
- If XC Inc sells XChat, then:
   a) it'll still run on the XCurrency network
   b) XC users will still use it
   c) XChat will benefit from some enormous corporation's marketing
   d) XC Inc shareholders will earn big time from the sale.

So nothing is being taken away from XC. Nothing at all. Not one feature.

All that's happening is that the Blocknet gives XC a massively increased userbase. That's it.

[synechist]

Did you miss my post above about "ownership" of XChat? XC holders will get shares in XC Inc and will therefore effectively "own" (i.e. get paid for) XChat twice in the event that XC Inc sells the tech to a third party.

That's big (potentially)..

Is there scope for XChat to bypass the internet in the way that  firechat does?
http://opengarden.com/firechat

Yeah there was talk about that. Physical meshnets upon which XC's existing virtual meshnets run. It's doable.

Let's see where this idea takes XC. ;-)

[Sabretooth]

Yeah I guess I understood this, but its not much of a service.  At the moment we are the best at this, but soon it will be open source, and it wont take long for other coins to adopt this feature internally.  So in the end we will own nothing.  I thought that we would at least own the items on the roadmap like Xchat, but this is now looking doubtful and the ability to distribute content which now seems more plausibly done by Xblock.  I think xBlock is becoming what we all had hoped XC would become.

I don't think it was fair to make xBlock an owned entity, it should have been a open not-for-profit entity.  There will always be a tug-a-war between xblocks needs for profit and the coins.  I cannot see it working.  It will just implode.  Sorry I feel this way.  I would love to be proved otherwise.

Let's just keep things simple:

- XC and the Blocknet are entirely distinct, and none of XC's features are porting over to the Blocknet.
- Why not? - because that's like saying Google's features are going to port over to the internet. Huh? No. Doesn't make sense.


Did you miss my post above about "ownership" of XChat? XC holders will get shares in XC Inc and will therefore effectively "own" (i.e. get paid for) XChat twice in the event that XC Inc sells the tech to a third party.

What's xBlock? Did you read the PR? Nothing in there is called that. :-)

I know they will be distinct but I am confused on what services will be offered by XC, or more importantly its niche.  Is it just mixing or is there more, will it still be a "Decentralised Trustless Privacy Platform / Encrypted XChat" or are these niches now taken by Blocknet and XC Inc.

The Blocknet isn't a "decentralised trustless privacy platform". It's a way of getting nodes to communicate.

XChat is an XC feature. It will always be.

As for the relation between XCurrency and XC Inc:
- XC Inc develops tech for XCurrency. It's committed to XCurrency.
- It is the legal entity that enables XCurrency to interface with the business world. As such it gains vitally important connections for XCurrency.
- If XC Inc sells XChat, then:
   a) it'll still run on the XCurrency network
   b) XC users will still use it
   c) XChat will benefit from some enormous corporation's marketing
   d) XC Inc shareholders will earn big time from the sale.

So nothing is being taken away from XC. Nothing at all. Not one feature.

All that's happening is that the Blocknet gives XC a massively increased userbase. That's it.

Great thanks for clarifying Arlyn, just what I needed to hear. 

[URSAY]

Dan,

Thank you for releasing test versions of the Mac and Linux wallets.  It's some of the best news I've heard in a long time regarding XCurrency. 

XChat users,

I'm testing XChat between 2 Mac machines currently.  Sending MAY be working.  Still trying to receive.  How do I get the key for my own XChat address?  I've tried getnewpubkey in the console for that address to use as the key.  It's returned as invalid when I try to send a message.  Any suggestions?

[Longenecker]

Yeah I guess I understood this, but its not much of a service.  At the moment we are the best at this, but soon it will be open source, and it wont take long for other coins to adopt this feature internally.  So in the end we will own nothing.  I thought that we would at least own the items on the roadmap like Xchat, but this is now looking doubtful and the ability to distribute content which now seems more plausibly done by Xblock.  I think xBlock is becoming what we all had hoped XC would become.

I don't think it was fair to make xBlock an owned entity, it should have been a open not-for-profit entity.  There will always be a tug-a-war between xblocks needs for profit and the coins.  I cannot see it working.  It will just implode.  Sorry I feel this way.  I would love to be proved otherwise.

Let's just keep things simple:

- XC and the Blocknet are entirely distinct, and none of XC's features are porting over to the Blocknet.
- Why not? - because that's like saying Google's features are going to port over to the internet. Huh? No. Doesn't make sense.


Did you miss my post above about "ownership" of XChat? XC holders will get shares in XC Inc and will therefore effectively "own" (i.e. get paid for) XChat twice in the event that XC Inc sells the tech to a third party.

What's xBlock? Did you read the PR? Nothing in there is called that. :-)

I know they will be distinct but I am confused on what services will be offered by XC, or more importantly its niche.  Is it just mixing or is there more, will it still be a "Decentralised Trustless Privacy Platform / Encrypted XChat" or are these niches now taken by Blocknet and XC Inc.

The Blocknet isn't a "decentralised trustless privacy platform". It's a way of getting nodes to communicate.

XChat is an XC feature. It will always be.

As for the relation between XCurrency and XC Inc:
- XC Inc develops tech for XCurrency. It's committed to XCurrency.
- It is the legal entity that enables XCurrency to interface with the business world. As such it gains vitally important connections for XCurrency.
- If XC Inc sells XChat, then:
   a) it'll still run on the XCurrency network
   b) XC users will still use it
   c) XChat will benefit from some enormous corporation's marketing
   d) XC Inc shareholders will earn big time from the sale.

So nothing is being taken away from XC. Nothing at all. Not one feature.

All that's happening is that the Blocknet gives XC a massively increased userbase. That's it.

I think what Sabretooth is questioning is what incentive will investors & traders have to buy XCurrency in light of BlockNET?  XC's unique & leading privacy tech is currently the primary element that gives XC value / marketcap, because it is a tech that only XC holders have access to.  However, BlockNET will allow all other participants of it to gain access to XC's features, without purchasing XC.  It seems like XCurrency's biggest value-adding element, its tech, may lose or dilute (at least in part) some of it's ability to add value to XC.  

Sabertooth, is this what you are questioning?  

Could it be the case that what is lost by compromise, is gained by collaboration?

[synechist]

Yeah I guess I understood this, but its not much of a service.  At the moment we are the best at this, but soon it will be open source, and it wont take long for other coins to adopt this feature internally.  So in the end we will own nothing.  I thought that we would at least own the items on the roadmap like Xchat, but this is now looking doubtful and the ability to distribute content which now seems more plausibly done by Xblock.  I think xBlock is becoming what we all had hoped XC would become.

I don't think it was fair to make xBlock an owned entity, it should have been a open not-for-profit entity.  There will always be a tug-a-war between xblocks needs for profit and the coins.  I cannot see it working.  It will just implode.  Sorry I feel this way.  I would love to be proved otherwise.

Let's just keep things simple:

- XC and the Blocknet are entirely distinct, and none of XC's features are porting over to the Blocknet.
- Why not? - because that's like saying Google's features are going to port over to the internet. Huh? No. Doesn't make sense.


Did you miss my post above about "ownership" of XChat? XC holders will get shares in XC Inc and will therefore effectively "own" (i.e. get paid for) XChat twice in the event that XC Inc sells the tech to a third party.

What's xBlock? Did you read the PR? Nothing in there is called that. :-)

I know they will be distinct but I am confused on what services will be offered by XC, or more importantly its niche.  Is it just mixing or is there more, will it still be a "Decentralised Trustless Privacy Platform / Encrypted XChat" or are these niches now taken by Blocknet and XC Inc.

The Blocknet isn't a "decentralised trustless privacy platform". It's a way of getting nodes to communicate.

XChat is an XC feature. It will always be.

As for the relation between XCurrency and XC Inc:
- XC Inc develops tech for XCurrency. It's committed to XCurrency.
- It is the legal entity that enables XCurrency to interface with the business world. As such it gains vitally important connections for XCurrency.
- If XC Inc sells XChat, then:
   a) it'll still run on the XCurrency network
   b) XC users will still use it
   c) XChat will benefit from some enormous corporation's marketing
   d) XC Inc shareholders will earn big time from the sale.

So nothing is being taken away from XC. Nothing at all. Not one feature.

All that's happening is that the Blocknet gives XC a massively increased userbase. That's it.

I think what Sabretooth is questioning is what incentive will investors & traders have to buy XCurrency in light of BlockNET?  XC's unique & leading privacy tech is currently the primary element that gives XC value / marketcap, because it is a tech that only XC holders have access to.  However, BlockNET will allow all other participants of it to gain access to XC's features, without purchasing XC.  It seems like XCurrency's biggest value-adding element, its tech, may lose or dilute (at least in part) some of it's ability to add value to XC.  

Sabertooth, is this what you are questioning?  

Could it be the case that what is lost by compromise, is gained by collaboration?

Other coins will be able to use these XC features through the Blocknet - by paying XC nodes for the service.

Now how might this affect XC's value?
- You've never had to buy XC coins to use XChat. It works without owning coins. So nothing has changed here.
- Blocknet users will all use XChat. This makes XC a "household name" on the Blocknet and establishes its central value.
- This is same way in which XChat relates to XC's price today. So nothing fundamental will change. XC will just get better known and more widely used.

Secondly, the success of private payments on the Blocknet will simply mean more people buy 1000XC to set up Xmixers. This will drive up XC's price a whole lot.

And finally, XC holders will get paid for their nodes' services - and the money for this comes from other coins being sold for XC, again putting up the price.

So there's no way in which the Blocknet dilutes XC's value or puts the price down. It can only put it up.

In reality what we're creating is an entire economy around XC. And that's exactly what XC needs the most.

[flashbit]

Yeah I guess I understood this, but its not much of a service.  At the moment we are the best at this, but soon it will be open source, and it wont take long for other coins to adopt this feature internally.  So in the end we will own nothing.  I thought that we would at least own the items on the roadmap like Xchat, but this is now looking doubtful and the ability to distribute content which now seems more plausibly done by Xblock.  I think xBlock is becoming what we all had hoped XC would become.

I don't think it was fair to make xBlock an owned entity, it should have been a open not-for-profit entity.  There will always be a tug-a-war between xblocks needs for profit and the coins.  I cannot see it working.  It will just implode.  Sorry I feel this way.  I would love to be proved otherwise.

Let's just keep things simple:

- XC and the Blocknet are entirely distinct, and none of XC's features are porting over to the Blocknet.
- Why not? - because that's like saying Google's features are going to port over to the internet. Huh? No. Doesn't make sense.


Did you miss my post above about "ownership" of XChat? XC holders will get shares in XC Inc and will therefore effectively "own" (i.e. get paid for) XChat twice in the event that XC Inc sells the tech to a third party.

What's xBlock? Did you read the PR? Nothing in there is called that. :-)

I know they will be distinct but I am confused on what services will be offered by XC, or more importantly its niche.  Is it just mixing or is there more, will it still be a "Decentralised Trustless Privacy Platform / Encrypted XChat" or are these niches now taken by Blocknet and XC Inc.

The Blocknet isn't a "decentralised trustless privacy platform". It's a way of getting nodes to communicate.

XChat is an XC feature. It will always be.

As for the relation between XCurrency and XC Inc:
- XC Inc develops tech for XCurrency. It's committed to XCurrency.
- It is the legal entity that enables XCurrency to interface with the business world. As such it gains vitally important connections for XCurrency.
- If XC Inc sells XChat, then:
   a) it'll still run on the XCurrency network
   b) XC users will still use it
   c) XChat will benefit from some enormous corporation's marketing
   d) XC Inc shareholders will earn big time from the sale.

So nothing is being taken away from XC. Nothing at all. Not one feature.

All that's happening is that the Blocknet gives XC a massively increased userbase. That's it.

I think what Sabretooth is questioning is what incentive will investors & traders have to buy XCurrency in light of BlockNET?  XC's unique & leading privacy tech is currently the primary element that gives XC value / marketcap, because it is a tech that only XC holders have access to.  However, BlockNET will allow all other participants of it to gain access to XC's features, without purchasing XC.  It seems like XCurrency's biggest value-adding element, its tech, may lose or dilute (at least in part) some of it's ability to add value to XC.  

Sabertooth, is this what you are questioning?  

Could it be the case that what is lost by compromise, is gained by collaboration?

Any truth to this Arlyn?

Holy crap I haven't seen XC price this low in some time. The trend doesn't look good. Very disappointing indeed.

[synechist]

Any truth to this Arlyn?

Holy crap I haven't seen XC price this low in some time. The trend doesn't look good. Very disappointing indeed.

Just replied above :-)

There's been a bot supressing the price since yesterday. Quite frustrating. I wonder who it is...

[Longenecker]

Yeah I guess I understood this, but its not much of a service.  At the moment we are the best at this, but soon it will be open source, and it wont take long for other coins to adopt this feature internally.  So in the end we will own nothing.  I thought that we would at least own the items on the roadmap like Xchat, but this is now looking doubtful and the ability to distribute content which now seems more plausibly done by Xblock.  I think xBlock is becoming what we all had hoped XC would become.

I don't think it was fair to make xBlock an owned entity, it should have been a open not-for-profit entity.  There will always be a tug-a-war between xblocks needs for profit and the coins.  I cannot see it working.  It will just implode.  Sorry I feel this way.  I would love to be proved otherwise.

Let's just keep things simple:

- XC and the Blocknet are entirely distinct, and none of XC's features are porting over to the Blocknet.
- Why not? - because that's like saying Google's features are going to port over to the internet. Huh? No. Doesn't make sense.


Did you miss my post above about "ownership" of XChat? XC holders will get shares in XC Inc and will therefore effectively "own" (i.e. get paid for) XChat twice in the event that XC Inc sells the tech to a third party.

What's xBlock? Did you read the PR? Nothing in there is called that. :-)

I know they will be distinct but I am confused on what services will be offered by XC, or more importantly its niche.  Is it just mixing or is there more, will it still be a "Decentralised Trustless Privacy Platform / Encrypted XChat" or are these niches now taken by Blocknet and XC Inc.

The Blocknet isn't a "decentralised trustless privacy platform". It's a way of getting nodes to communicate.

XChat is an XC feature. It will always be.

As for the relation between XCurrency and XC Inc:
- XC Inc develops tech for XCurrency. It's committed to XCurrency.
- It is the legal entity that enables XCurrency to interface with the business world. As such it gains vitally important connections for XCurrency.
- If XC Inc sells XChat, then:
   a) it'll still run on the XCurrency network
   b) XC users will still use it
   c) XChat will benefit from some enormous corporation's marketing
   d) XC Inc shareholders will earn big time from the sale.

So nothing is being taken away from XC. Nothing at all. Not one feature.

All that's happening is that the Blocknet gives XC a massively increased userbase. That's it.

I think what Sabretooth is questioning is what incentive will investors & traders have to buy XCurrency in light of BlockNET?  XC's unique & leading privacy tech is currently the primary element that gives XC value / marketcap, because it is a tech that only XC holders have access to.  However, BlockNET will allow all other participants of it to gain access to XC's features, without purchasing XC.  It seems like XCurrency's biggest value-adding element, its tech, may lose or dilute (at least in part) some of it's ability to add value to XC.  

Sabertooth, is this what you are questioning?  

Could it be the case that what is lost by compromise, is gained by collaboration?

Other coins will be able to use these XC features through the Blocknet - by paying XC nodes for the service.

Now how might this affect XC's value?
- You've never had to buy XC coins to use XChat. It works without owning coins. So nothing has changed here.
- Blocknet users will all use XChat. This makes XC a "household name" on the Blocknet and establishes its central value.
- This is same way in which XChat relates to XC's price today. So nothing fundamental will change. XC will just get better known and more widely used.

Secondly, the success of private payments on the Blocknet will simply mean more people buy 1000XC to set up Xmixers. This will drive up XC's price a whole lot.

And finally, XC holders will get paid for their nodes' services - and the money for this comes from other coins being sold for XC, again putting up the price.

So there's no way in which the Blocknet dilutes XC's value or puts the price down. It can only put it up.

Hmm, this makes a lot of sense and could be quite lucrative if BlockNET becomes a success.  Makes me a little excited!

[Longenecker]

That is some nice incentive for XC holders, but would you mind laying out the incentives for participating coins?  Because unless they own XC, they will not be collecting payments / fees.  Is their incentive only that they will gain access to the features of all other participating coins on the BlockNET?  Or are there other incentives that I am missing?  (I suppose a 10% discount on BlockNET ITO is incentive as well)

[infinitechaos]

Synechist, I just downloaded the latest Mac wallet and sent you a message. Did you get it? The pub key that automatically showed up when I entered your XChat address was not the same as the one you have listed in your sig.

Something else I noticed is that there doesn't seem to be an option to select which wallet address is used for XChat. It just picks one and I can't seem to be able to change it.

[synechist]

That is some nice incentive for XC holders, but would you mind laying out the incentives for participating coins?  Because unless they own XC, they will not be collecting payments / fees.  Is their incentive only that they will gain access to the features of all other participating coins on the BlockNET?  Or are there other incentives that I am missing?  (I suppose a 10% discount on BlockNET ITO is incentive as well)

The incentive to use the Blocknet is the same as the incentive to use the internet: a massively larger userbase for your services.

Every coin that joins the Blocknet does so in the hope that Blocknet users will use its technology. Secondly they improve their services offering by incorporating an XBridge and offering other coins' services - but in a way that benefits whoever provides the services.

[synechist]

Synechist, I just downloaded the latest Mac wallet and sent you a message. Did you get it? The pub key that automatically showed up when I entered your XChat address was not the same as the one you have listed in your sig.

Something else I noticed is that there doesn't seem to be an option to select which wallet address is used for XChat. It just picks one and I can't seem to be able to change it.

Hmm... I have two XC addresses in my sig. The bottom one is my XChat address (and the corresponding public key is correct).

I haven't received anything...

The option to choose an address is now enabled in my (Windows) app. If it isn't in yours, it will be in forthcoming updates.

[Longenecker]

That is some nice incentive for XC holders, but would you mind laying out the incentives for participating coins?  Because unless they own XC, they will not be collecting payments / fees.  Is their incentive only that they will gain access to the features of all other participating coins on the BlockNET?  Or are there other incentives that I am missing?  (I suppose a 10% discount on BlockNET ITO is incentive as well)

The incentive to use the Blocknet is the same as the incentive to use the internet: a massively larger userbase for your services.

Every coin that joins the Blocknet does so in the hope that Blocknet users will use its technology. Secondly they improve their services offering by incorporating an XBridge and offering other coins' services - but in a way that benefits whoever provides the services.

I see.  Thanks for the reply.  But what would you say to my same argument above if XC was replaced with CoinX (representing any coin on the BlockNET)?  Your previous reply to how it would benefit XC was unique to XC because XC is the one developing BlockNET and running it off of XC's xnodes.  So it is easy to see how XC holders profit.  

How would you reply to a participant coin of BlockNET below?:

"CoinX's unique & leading privacy tech is currently the primary element that gives CoinX value / marketcap, because it is a tech that only CoinX holders have access to.  However, BlockNET will allow all other participants of it to gain access to CoinX's features, without purchasing CoinX.  It seems like CoinX's biggest value-adding element, its tech, may lose or dilute (at least in part) some of it's ability to add value to CoinX."

Is the increased user-base really worth it at the cost of the reasoning above?

[Sabretooth]

Yeah I guess I understood this, but its not much of a service.  At the moment we are the best at this, but soon it will be open source, and it wont take long for other coins to adopt this feature internally.  So in the end we will own nothing.  I thought that we would at least own the items on the roadmap like Xchat, but this is now looking doubtful and the ability to distribute content which now seems more plausibly done by Xblock.  I think xBlock is becoming what we all had hoped XC would become.

I don't think it was fair to make xBlock an owned entity, it should have been a open not-for-profit entity.  There will always be a tug-a-war between xblocks needs for profit and the coins.  I cannot see it working.  It will just implode.  Sorry I feel this way.  I would love to be proved otherwise.

Let's just keep things simple:

- XC and the Blocknet are entirely distinct, and none of XC's features are porting over to the Blocknet.
- Why not? - because that's like saying Google's features are going to port over to the internet. Huh? No. Doesn't make sense.


Did you miss my post above about "ownership" of XChat? XC holders will get shares in XC Inc and will therefore effectively "own" (i.e. get paid for) XChat twice in the event that XC Inc sells the tech to a third party.

What's xBlock? Did you read the PR? Nothing in there is called that. :-)

I know they will be distinct but I am confused on what services will be offered by XC, or more importantly its niche.  Is it just mixing or is there more, will it still be a "Decentralised Trustless Privacy Platform / Encrypted XChat" or are these niches now taken by Blocknet and XC Inc.

The Blocknet isn't a "decentralised trustless privacy platform". It's a way of getting nodes to communicate.

XChat is an XC feature. It will always be.

As for the relation between XCurrency and XC Inc:
- XC Inc develops tech for XCurrency. It's committed to XCurrency.
- It is the legal entity that enables XCurrency to interface with the business world. As such it gains vitally important connections for XCurrency.
- If XC Inc sells XChat, then:
   a) it'll still run on the XCurrency network
   b) XC users will still use it
   c) XChat will benefit from some enormous corporation's marketing
   d) XC Inc shareholders will earn big time from the sale.

So nothing is being taken away from XC. Nothing at all. Not one feature.

All that's happening is that the Blocknet gives XC a massively increased userbase. That's it.

I think what Sabretooth is questioning is what incentive will investors & traders have to buy XCurrency in light of BlockNET?  XC's unique & leading privacy tech is currently the primary element that gives XC value / marketcap, because it is a tech that only XC holders have access to.  However, BlockNET will allow all other participants of it to gain access to XC's features, without purchasing XC.  It seems like XCurrency's biggest value-adding element, its tech, may lose or dilute (at least in part) some of it's ability to add value to XC.  

Sabertooth, is this what you are questioning?  

Could it be the case that what is lost by compromise, is gained by collaboration?

Yes, I was trying to work out what XC has to offer the Blocknet.  

Arlyn has just clarified that the XC network will continue to host XChat and the apps developed by XC Inc, so this is all good.  This will allow the XC network to grow organically in its own right, and ultimately increase the value of the currency.

I am still unsure how being the best mixer at the moment is an edge on the blocknet, because the ins/outs will still be in the native currency, a person with XYZcurrency cannot mix their XYZcoins using the Xcurrency mixers.   So not sure how this will work, or whether this has been thought through properly.  I am reassured however by the fact that our user base will increase as a result of this move.

It is still a little unclear for me how Blocknet will earn its income and avoid competing with Coins for services, but I trust the developers will sort this out as we go.

I think we will get there in the end.  So I am chilling and looking forward to the ride.

[synechist]

That is some nice incentive for XC holders, but would you mind laying out the incentives for participating coins?  Because unless they own XC, they will not be collecting payments / fees.  Is their incentive only that they will gain access to the features of all other participating coins on the BlockNET?  Or are there other incentives that I am missing?  (I suppose a 10% discount on BlockNET ITO is incentive as well)

The incentive to use the Blocknet is the same as the incentive to use the internet: a massively larger userbase for your services.

Every coin that joins the Blocknet does so in the hope that Blocknet users will use its technology. Secondly they improve their services offering by incorporating an XBridge and offering other coins' services - but in a way that benefits whoever provides the services.

I see.  Thanks for the reply.  But what would you say to my same argument above if XC was replaced with CoinX (representing any coin on the BlockNET)?  Your previous reply to how it would benefit XC was unique to XC because XC is the one developing BlockNET and running it off of XC's xnodes.  So it is easy to see how XC holders profit. 

How would you reply to a participant coin of BlockNET below?:

"CoinX's unique & leading privacy tech is currently the primary element that gives CoinX value / marketcap, because it is a tech that only CoinX holders have access to.  However, BlockNET will allow all other participants of it to gain access to CoinX's features, without purchasing CoinX.  It seems like CoinX's biggest value-adding element, its tech, may lose or dilute (at least in part) some of it's ability to add value to CoinX."

Aha. I see where you've gone wrong. The Blocknet doesn't run only on Xnodes. It runs on any node that has an XBridge. This can be on any blockchain.

[synechist]

Yeah I guess I understood this, but its not much of a service.  At the moment we are the best at this, but soon it will be open source, and it wont take long for other coins to adopt this feature internally.  So in the end we will own nothing.  I thought that we would at least own the items on the roadmap like Xchat, but this is now looking doubtful and the ability to distribute content which now seems more plausibly done by Xblock.  I think xBlock is becoming what we all had hoped XC would become.

I don't think it was fair to make xBlock an owned entity, it should have been a open not-for-profit entity.  There will always be a tug-a-war between xblocks needs for profit and the coins.  I cannot see it working.  It will just implode.  Sorry I feel this way.  I would love to be proved otherwise.

Let's just keep things simple:

- XC and the Blocknet are entirely distinct, and none of XC's features are porting over to the Blocknet.
- Why not? - because that's like saying Google's features are going to port over to the internet. Huh? No. Doesn't make sense.


Did you miss my post above about "ownership" of XChat? XC holders will get shares in XC Inc and will therefore effectively "own" (i.e. get paid for) XChat twice in the event that XC Inc sells the tech to a third party.

What's xBlock? Did you read the PR? Nothing in there is called that. :-)

I know they will be distinct but I am confused on what services will be offered by XC, or more importantly its niche.  Is it just mixing or is there more, will it still be a "Decentralised Trustless Privacy Platform / Encrypted XChat" or are these niches now taken by Blocknet and XC Inc.

The Blocknet isn't a "decentralised trustless privacy platform". It's a way of getting nodes to communicate.

XChat is an XC feature. It will always be.

As for the relation between XCurrency and XC Inc:
- XC Inc develops tech for XCurrency. It's committed to XCurrency.
- It is the legal entity that enables XCurrency to interface with the business world. As such it gains vitally important connections for XCurrency.
- If XC Inc sells XChat, then:
   a) it'll still run on the XCurrency network
   b) XC users will still use it
   c) XChat will benefit from some enormous corporation's marketing
   d) XC Inc shareholders will earn big time from the sale.

So nothing is being taken away from XC. Nothing at all. Not one feature.

All that's happening is that the Blocknet gives XC a massively increased userbase. That's it.

I think what Sabretooth is questioning is what incentive will investors & traders have to buy XCurrency in light of BlockNET?  XC's unique & leading privacy tech is currently the primary element that gives XC value / marketcap, because it is a tech that only XC holders have access to.  However, BlockNET will allow all other participants of it to gain access to XC's features, without purchasing XC.  It seems like XCurrency's biggest value-adding element, its tech, may lose or dilute (at least in part) some of it's ability to add value to XC.  

Sabertooth, is this what you are questioning?  

Could it be the case that what is lost by compromise, is gained by collaboration?

Yes, I was trying to work out what XC has to offer the Blocknet.  

Arlyn has just clarified that the XC network will continue to host XChat and the apps developed by XC Inc, so this is all good.  This will allow the XC network to grow organically in its own right, and ultimately increase the value of the currency.

I am still unsure how being the best mixer at the moment is an edge on the blocknet, because the ins/outs will still be in the native currency, a person with XYZcurrency cannot mix their XYZcoins using the Xcurrency mixers.   So not sure how this will work, or whether this has been thought through properly.  I am reassured however by the fact that our user base will increase as a result of this move.

It is still a little unclear for me how Blocknet will earn its income and avoid competing with Coins for services, but I trust the developers will sort this out as we go.

I think we will get there in the end.  So I am chilling and looking forward to the ride.

You're right about mixing. It's not straightforward to convert to a different currency and maintain privacy. Packet sniffers will match inputs and exits.

The thing that will make this work is that if every node on the Blocknet has an XBridge, part of its application layer can be another Blocknet technology: a decentralised exchange.

So nodes on the Blocknet can first exchange their coins for XC, and then have them mixed. Recipients will receive coins in XC and can convert to anything else if they want to.

[infinitechaos]

Hmm... I have two XC addresses in my sig. The bottom one is my XChat address (and the corresponding public key is correct).

I haven't received anything...

The option to choose an address is now enabled in my (Windows) app. If it isn't in yours, it will be in forthcoming updates.

Ok, I sent two more attempts to the XChat address and pub key listed in your sig (not the one that pops up in the app).

I am also noticing that the app boots up and syncs right away, but then doesn't continue to sync past the block the network was on when the app was launched.

Would this prevent my messages from being delivered?

Edit: Nevermind, it appears to have synced again.

[synechist]

Hmm... I have two XC addresses in my sig. The bottom one is my XChat address (and the corresponding public key is correct).

I haven't received anything...

The option to choose an address is now enabled in my (Windows) app. If it isn't in yours, it will be in forthcoming updates.

Ok, I sent two more attempts to the XChat address and pub key listed in your sig (not the one that pops up in the app).

I am also noticing that the app boots up and syncs right away, but then doesn't continue to sync past the block the network was on when the app was launched.

Would this prevent my messages from being delivered?

Hmm... I haven't received anything.

What's your address and pubkey? I'll send you a message.

XChat should work regardless of the state of your blockchain, as it only uses XC's encrypted broadcasting system.

[infinitechaos]

Hmm... I haven't received anything.

What's your address and pubkey? I'll send you a message.

XChat should work regardless of the state of your blockchain, as it only uses XC's encrypted broadcasting system.

Address: XL87MM5ySJtB778d4CRiHtZf3McDxoTnoc

Pub Key: 21dvqyEQsgcZKxxaQTU7Hrcy5jPozfXsrQ2bL3jXXWgFR