[ANN][XC] >> Mandatory Update to new Wallet - The first POS X11 anonymous wallet - page 172.

Quote from: Teka on May 26, 2014, 11:48:20 AM

Honestly, I don't think a the premine is really an issue, as the only reason its worth so much is due to dev, so I think he deserves it, as long as he doesn't dump it I am happy with him keeping the premine.

I'm just saying that if he destroys an equal proportion it's an epic win in terms of "fairness perception". No claim can come, ever, from stuff like "ohhh you little greedy dev, wanted more coins, etc". I've seen fud vectors with DRK so he could leverage that knowledge to his advantage and avoid anything that can be used against him.

Besides, the dev of coins which are evolving always has an unfair advantage over everyone else.

The second most prized quality in finance is knowing the future. The first is CONTROLLING the future.

A dev controls a coins future regarding its development and as such can make money out of it. He knows when he will make an announcement that will make the price spike so he can buy before and sell after the announcement, making gains. He doesn't even need 0.00001% premine. Anyone thinking like that apparently doesn't have a clue. Shitcoins need premine more than developing coins.

If the dev thinks of it, he can then destroy the premine to equal proportion and avoid criticism. Although now that I've wrote about how devs have an unfair advantage anyway, less will appreciate the move. Seems ironic, doesn't it?

Most crap coins dev are in it to sell their premine for a few K... I don't think XC dev is here for the few K, but the MILLIONS.... so, he can keep his premine. Cause, I will make way more than he will from his premine. It's his hard work that allows us to ride this wave. Why should he destroy his premine? Will everyone destroy part of their coins?!?! Doesn't make sense.

how many u got bro i want to compare lol mate if u have more then 100k congratulations you are retiring early this coin will be between $30-$60 each(12-24months time frame) when its done you saw it early you deserve it, good on ya Wink

Let's just say... I think my retirement will be really really great. Wink

I was mining on launch... ALL IN from the beginning.

dadon

legendary

Activity: 1190

Merit: 1002

Pecvniate obedivnt omnia.

Quote from: dadon on May 26, 2014, 11:47:01 AM

Quote from: Teka on May 26, 2014, 11:44:56 AM

Quote from: battbot on May 26, 2014, 11:20:25 AM

Landing Page:

Good luck with your coin-project!

Hmmm? I'm not part of the team..

yes u are!!!! u been here since day one your more then part of the team mate

In that way yes... but you know with the coinalliance (http://coinalliance.org/) thing I have to stay partial so just shhhh

i just hope u make a shitload of money that's all, good on ya mate, i want us all to profit, i'm so f#$&n happy right now

bitcoinwonders010

hero member

Activity: 686

Merit: 500

Just to organize some info for everyone:

Link to NEW Wallet (updated TODAY 5/26): https://mega.co.nz/#!8Fs0GCqC!R5EorsUF2rkdqEwR65DEmhdDVP3X4MH_FzxDlUNAOJA

Distribution changes: PoW blocks reduced. Now 22,500 blocks @ 333 per block.
(Max) Total Supply: 7.492 million XC
Estimated Total Supply (factoring in PoS blocks): 6.2 million XC
Estimated PoW Days Remaining: 2 days

Visio on how the anonymous transfers work:

Additional information given by atcsecure:

For those looking for some more details... check out the link, our design incorporates some of the features from dual path paradigm concepts, although we are advancing this concept to be multi-path paradigm, and we will implement on top of tor to provide a high level of anonymity

http://eprint.iacr.org/2009/385.pdf
http://arxiv.org/ftp/arxiv/papers/1208/1208.3022.pdf

The principles for this concept come from a design that I originally leveraged back in 2005,[multi-path paradigm] the system still runs to do this day handling 50k to 100k users per day

also the infrastructure for this will support numerous other applications, such as encrypted messaging, P2P exchange..etc granted we can only develop new features so fast, but we are putting the foundation for a multi-use, multi-purpose platform

one the of the details we are still working out is the autonomous "supernode" function and best methods to prevent bad-actors.. We have implemented PKI and will leverage that as part of entire solution

so basically all XC does is coin mixing,

dadon

legendary

Activity: 1190

Merit: 1002

Pecvniate obedivnt omnia.

Quote from: CryptoGretzky on May 26, 2014, 11:42:23 AM

Quote from: AlexGR on May 26, 2014, 11:33:40 AM

Quote from: dadon on May 26, 2014, 11:47:01 AM

Honestly, I don't think a the premine is really an issue, as the only reason its worth so much is due to dev, so I think he deserves it, as long as he doesn't dump it I am happy with him keeping the premine.

I'm just saying that if he destroys an equal proportion it's an epic win in terms of "fairness perception". No claim can come, ever, from stuff like "ohhh you little greedy dev, wanted more coins, etc". I've seen fud vectors with DRK so he could leverage that knowledge to his advantage and avoid anything that can be used against him.

Besides, the dev of coins which are evolving always has an unfair advantage over everyone else.

The second most prized quality in finance is knowing the future. The first is CONTROLLING the future.

A dev controls a coins future regarding its development and as such can make money out of it. He knows when he will make an announcement that will make the price spike so he can buy before and sell after the announcement, making gains. He doesn't even need 0.00001% premine. Anyone thinking like that apparently doesn't have a clue. Shitcoins need premine more than developing coins.

If the dev thinks of it, he can then destroy the premine to equal proportion and avoid criticism. Although now that I've wrote about how devs have an unfair advantage anyway, less will appreciate the move. Seems ironic, doesn't it?

Most crap coins dev are in it to sell their premine for a few K... I don't think XC dev is here for the few K, but the MILLIONS.... so, he can keep his premine. Cause, I will make way more than he will from his premine. It's his hard work that allows us to ride this wave. Why should he destroy his premine? Will everyone destroy part of their coins?!?! Doesn't make sense.

how many u got bro i want to compare lol mate if u have more then 100k congratulations you are retiring early this coin will be between $30-$60 each(12-24months time frame) when its done you saw it early you deserve it, good on ya Wink

Teka

hero member

Activity: 840

Merit: 1000

Quote from: Teka on May 26, 2014, 11:44:56 AM

Quote from: Teka on May 26, 2014, 11:44:56 AM

Landing Page:

Good luck with your coin-project!

Hmmm? I'm not part of the team..

yes u are!!!! u been here since day one your more then part of the team mate

In that way yes... but you know with the coinalliance (http://coinalliance.org/) thing I have to stay partial so just shhhh

ifightformerkel

legendary

Activity: 1386

Merit: 1000

The price will explode soon, everyone who will send coins anonym MUST buy this coin. Shocked

and there will be less than 6 million coins.

dadon

legendary

Activity: 1190

Merit: 1002

Pecvniate obedivnt omnia.

Quote from: drawingthesun on May 26, 2014, 11:17:03 AM

Landing Page:

Good luck with your coin-project!

Hmmm? I'm not part of the team..

yes u are!!!! u been here since day one your more then part of the team mate

Kuriso

hero member

Activity: 532

Merit: 500

Quote from: saberu on May 26, 2014, 11:16:05 AM

atcsecure could you please answer my question regarding whether a PoS only coin is susceptible to a 51% attack?

It's only susceptible of 51% attacks if someone owns half the coin.

Correct me if I'm wrong but I think this is false! Pure POS coins are susceptible of 51% attacks if someone owns 51%+ of coins being staked. This has happened to several coins. Most recently NC2. Someone was able to double spend like 28 million coins because he owned 51% or more of the coins being staked. Too many coins were on exchanges

Teka

hero member

Activity: 840

Merit: 1000

Landing Page:

Good luck with your coin-project!

Hmmm? I'm not part of the team..

mengzuo

member

Activity: 62

Merit: 10

Quote from: AlexGR on May 26, 2014, 11:33:40 AM

Landing Page:

Good luck with your coin-project!

CryptoGretzky

sr. member

Activity: 322

Merit: 250

Quote from: Profetu on May 26, 2014, 11:39:29 AM

Honestly, I don't think a the premine is really an issue, as the only reason its worth so much is due to dev, so I think he deserves it, as long as he doesn't dump it I am happy with him keeping the premine.

I'm just saying that if he destroys an equal proportion it's an epic win in terms of "fairness perception". No claim can come, ever, from stuff like "ohhh you little greedy dev, wanted more coins, etc". I've seen fud vectors with DRK so he could leverage that knowledge to his advantage and avoid anything that can be used against him.

Besides, the dev of coins which are evolving always has an unfair advantage over everyone else.

The second most prized quality in finance is knowing the future. The first is CONTROLLING the future.

A dev controls a coins future regarding its development and as such can make money out of it. He knows when he will make an announcement that will make the price spike so he can buy before and sell after the announcement, making gains. He doesn't even need 0.00001% premine. Anyone thinking like that apparently doesn't have a clue. Shitcoins need premine more than developing coins.

If the dev thinks of it, he can then destroy the premine to equal proportion and avoid criticism. Although now that I've wrote about how devs have an unfair advantage anyway, less will appreciate the move. Seems ironic, doesn't it?

Most crap coins dev are in it to sell their premine for a few K... I don't think XC dev is here for the few K, but the MILLIONS.... so, he can keep his premine. Cause, I will make way more than he will from his premine. It's his hard work that allows us to ride this wave. Why should he destroy his premine? Will everyone destroy part of their coins?!?! Doesn't make sense.

Ed4252

full member

Activity: 204

Merit: 100

Quote from: shogun47 on May 26, 2014, 11:04:25 AM

It's no asic. Every GPU on the planet can mine x-11. It's double the hash or more than scrypt on those gpu cards. When a coin rises in price others see it and think "i gotta mine that" now a lot of miners know that x-11 runs cooler and is a higher hash rate. Sync saw insane hash too. This is just more GPU's miner the same coin. X11 is just getting to be known by more miners so they pointed their hash at it. You can also rent farms woth of hash from places like nicehash and betarigs. Scypt asics are out but not for x-11 in mass or for scrypt-n I'm sure once they do they will be killer though.

Look at this graph.

http://liteshack.com/?coin=xc

Does this look like a few guys in their basements with some rigs?

Also X11 is at 4x scrypt speeds.

I'm not sure if they're mining to dump or to keep. :|

Teka

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Activity: 840

Merit: 1000

Landing Page:

Profetu

full member

Activity: 204

Merit: 100

Quote from: shogun47 on May 26, 2014, 11:04:25 AM

It's no asic. Every GPU on the planet can mine x-11. It's double the hash or more than scrypt on those gpu cards. When a coin rises in price others see it and think "i gotta mine that" now a lot of miners know that x-11 runs cooler and is a higher hash rate. Sync saw insane hash too. This is just more GPU's miner the same coin. X11 is just getting to be known by more miners so they pointed their hash at it. You can also rent farms woth of hash from places like nicehash and betarigs. Scypt asics are out but not for x-11 in mass or for scrypt-n I'm sure once they do they will be killer though.

Look at this graph.

http://liteshack.com/?coin=xc

Does this look like a few guys in their basements with some rigs?

Also X11 is at 4x scrypt speeds.

AlexGR

legendary

Activity: 1708

Merit: 1049

Quote from: dida on May 26, 2014, 11:32:27 AM

Now im sure that this coin will hit 20$ a piece in near future:

1. DRK dark send is a bullshit and it can be traced as seen here (some of the so called "hidden" transaction): http://chainz.cryptoid.info/drk/address.dws?XnFYAdnaYsY9rAJqsnoQcyiVPtyB3PUvn5.htm

DarkSend wasn't even implemented back then. It's a normal transaction not using DarkSend.

r0ach

legendary

Activity: 1260

Merit: 1000

I believe this coin has huge upside potential.

A cutting edge, high tech coin from a homeland security affiliated developer, with applications for civilian and military use. Right now the coin trades for .001 BTC a share over the counter. Many people believe it will go exponentially higher than that. With only a 1 BTC investment, the profit outlook is staggering, probably be enough to pay off your mortgage. For anyone in doubt, I only ask that you look at my post history. I don't want you to judge me from my winning picks, only by my losers, because I have so few. We're looking at a grand slam home run.

AlexGR

legendary

Activity: 1708

Merit: 1049