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Topic: [ANN][XC] >> Mandatory Update to new Wallet - The first POS X11 anonymous wallet - page 173. (Read 268504 times)

full member
Activity: 224
Merit: 100
a really nice custom ui design for wallet that will make stand out from all the other wallets

Lets have a wallet design competition thread with a bounty reward funded by forum members. I for one would be willing to contribute 10 XC to the reward,  which is not a lot of money but I would expect other larger coin holders willing to put in 10x more than me.
legendary
Activity: 1176
Merit: 1015
drawingthesun mining for this coin is apparently exceeding profitable for these big miners so much that they are cashing out quick rather than having any care or belief in the coin itself.

Once PoW ends in a few days then expect price to rocket.

The ship has already left the dock and sailing at increasing speed, the big miners are large waves and bad weather that are slowing down the ship but the engine is going into warp drive. Once the water settles the warp bubble will engage and the ship will sail right to the MOON!

Maybe, but I'm trying not to buy in on hype because I've been burned before. For now I'll just read the papers referenced for the anonymous function.
full member
Activity: 224
Merit: 100
drawingthesun mining for this coin is apparently exceeding profitable for these big miners so much that they are cashing out quick rather than having any care or belief in the coin itself.

Once PoW ends in a few days then expect price to rocket.

The ship has already left the dock and sailing at increasing speed, the big miners are large waves and bad weather that are slowing down the ship but the engine is going into warp drive. Once the water settles the warp bubble will engage and the ship will sail right to the MOON!
member
Activity: 93
Merit: 250
atcsecure, if you need help with branding of website after 30th I will be happy to help, I am an decent designer, also if you can implement it, I can make a really nice custom ui design for wallet that will make stand out from all the other wallets, however my skills are only photoshop and php so you would have to code it.

legendary
Activity: 1176
Merit: 1015
It's only susceptible of 51% attacks if someone owns half the coin.

Yeah I was just thinking that as I hit the post button, at this early stage it might be possible for some powerful entity to buy up half the coins. It would kill XC and tarnish the reputation of all crypto for years to come.

If someone tried to buy up enough XC you'd be very rich before they attacked.

The volume on an exchange is deceptive, remember that volume is all the buys and sells of XC, If you're trying to day trade, you'll push this figure up fast.
legendary
Activity: 1176
Merit: 1015
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.
no chance it went way under the radar lol good to see you joined the team mate  Wink

Haha I haven't bought any yet, I still have no good idea about the anonymous function, although I have some reference papers that the developer posted, so until I've read them I will not post anymore questions about that.

However I will still post about certain things, such as the security offered by POS.

Is XC using a similar scheme from Nxt or PPC?
hero member
Activity: 616
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
full member
Activity: 224
Merit: 100
It's only susceptible of 51% attacks if someone owns half the coin.

Yeah I was just thinking that as I hit the post button, at this early stage it might be possible for some powerful entity to buy up half the coins. It would kill XC and tarnish the reputation of all crypto for years to come.
legendary
Activity: 1190
Merit: 1002
Pecvniate obedivnt omnia.
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.
no chance it went way under the radar lol good to see you joined the team mate  Wink
legendary
Activity: 1176
Merit: 1015
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.
full member
Activity: 224
Merit: 100
atcsecure could you please answer my question regarding whether a PoS only coin is susceptible to a 51% attack?
legendary
Activity: 1190
Merit: 1002
Pecvniate obedivnt omnia.
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.
+1  buy your wife something pretty! you have been working on this so hard i'm sure she is pissed unless she is an understanding woman..rare..very, very rare
legendary
Activity: 1330
Merit: 1000

thanks dev.

do we need to update OP and i do suggest overhaul our website. GREAT coin deserve fresh looking web.

also some social like fb/twitter/reddit.

i am holding tight my xc.
member
Activity: 93
Merit: 250
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.
legendary
Activity: 1190
Merit: 1002
Pecvniate obedivnt omnia.
About premine: Guys we all need a motivated developer, we don't need a person who only loses money with the coin as he will also lose interest with the same pace!
relax this DEVis more then motivated, i can daresay he is no stranger to money, and everything he has promised has been deliverd, just buy whatever u can and enjoy the ride
hero member
Activity: 756
Merit: 500

So this wallet set max POW to 22500 blocks and has the same anon as the one posted last night?

Thanks for all your work by the way.  Smiley

YES reduced POW and same anon as last night, the GUI will be updated in a release and should be out on tuesday/wednesday
hero member
Activity: 756
Merit: 500


Updated windows wallet is compiling, github has been updated and I've contact the 3 exchanges to update their wallets

Any plans to change the name and the branding perhaps? I don't see X11 being a very strong brand going forward.
someone suggested XCHAIN and XC is perfect so...

A new name would be great. You have to image xc some days on TV or newspaper. X11coin isn't  a great name for that. But Dark or Black or Pot coin is worse too.
And I think, the name should be media-friendly and not suggerate any bad, or dark, or stealth. Something, a name, you can use in business and not mafia^^
To enter the next level, we need a better logo and a better website. (this is not meant unkindly to the actual web designers work)

I agree.. open to input, as branding is key
sr. member
Activity: 519
Merit: 253

So this wallet set max POW to 22500 blocks and has the same anon as the one posted last night?

Thanks for all your work by the way.  Smiley
sr. member
Activity: 336
Merit: 250
About premine: Guys we all need a motivated developer, we don't need a person who only loses money with the coin as he will also lose interest with the same pace!
member
Activity: 62
Merit: 10
If there is to be a major reduction in PoW blocks though, the premine issue needs to be addressed eventually. If we are looking at just over 6 million PoW coins, the once small premine has now ballooned into over a 2% premine.  You may have a lot of your plate right now, but best to fight off the FUD before it hits.

+1

If the premine is destroyed to equal proportion to the coin reduction, criticism regarding "unfair dev" will be crushed. Unless of course part of the premine is already sold.

Quote
This made me laugh. Could be the NSA I suppose but I think that this statement would go better on the Conspiracy coin thread.

Well in DRK some say the nodes are being bought by the NSA, so, in that sense it's "the only crypto the government wants to buy from you" Grin

If they see a legitimate threat they may want to move ahead of the game. Personally I believe they own secretely purchased ASICs that do ensure 51% POW supremacy in all crypto's right now including SHA256, Scrypt and X11.

Great job !
 I will keep watching
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