I just started mining XC today and it sounds like it won't be mine-able once it goes to PoS? I am new to this so not sure what PoS means compared to PoW and if I should even be bothering to mine now?
Thanks
Topic: [ANN][XC] >> Mandatory Update to new Wallet - The first POS X11 anonymous wallet - page 218. (Read 268553 times)
May 24, 2014, 08:26:39 PM
May 24, 2014, 08:25:31 PM
Fair enough.
The recipe to success: No hype / no marketing / no snake-oil / no scam tactics / pure dedication to the goal of 100% anonymity and doing the work necessary - not getting distracted by bullshit.
Coinmarketcap will take care of the rest.
The recipe to success: No hype / no marketing / no snake-oil / no scam tactics / pure dedication to the goal of 100% anonymity and doing the work necessary - not getting distracted by bullshit.
Coinmarketcap will take care of the rest.
+1 . this DEV has been 100% about his goal of anonymity and just hammering down. He has been very transparent and isn't FUDing the competition or needing to do lame marketing tactics. The proof is in the pudding and this is the kind of coin that will move ahead of the others sooner then we may think. No marketing needed here, the market knows what is in store for this coin and that alone is better then any kind of promotion.
+2
You could already tell from the ANN that this was a no hype coin. That's why I mined it right from launch and oh boy... the return.... Now, it already achieved Tesla level and working on the garage to park it in....
May 24, 2014, 08:23:29 PM
Fair enough.
The recipe to success: No hype / no marketing / no snake-oil / no scam tactics / pure dedication to the goal of 100% anonymity and doing the work necessary - not getting distracted by bullshit.
Coinmarketcap will take care of the rest.
The recipe to success: No hype / no marketing / no snake-oil / no scam tactics / pure dedication to the goal of 100% anonymity and doing the work necessary - not getting distracted by bullshit.
Coinmarketcap will take care of the rest.
+1 . this DEV has been 100% about his goal of anonymity and just hammering down. He has been very transparent and isn't FUDing the competition or needing to do lame marketing tactics. The proof is in the pudding and this is the kind of coin that will move ahead of the others sooner then we may think. No marketing needed here, the market knows what is in store for this coin and that alone is better then any kind of promotion.
May 24, 2014, 08:16:20 PM
Fair enough.
The recipe to success: No hype / no marketing / no snake-oil / no scam tactics / pure dedication to the goal of 100% anonymity and doing the work necessary - not getting distracted by bullshit.
Coinmarketcap will take care of the rest.
The recipe to success: No hype / no marketing / no snake-oil / no scam tactics / pure dedication to the goal of 100% anonymity and doing the work necessary - not getting distracted by bullshit.
Coinmarketcap will take care of the rest.
May 24, 2014, 08:14:09 PM
Quote
Excellent! Thank you for your hard work!
In my opinion, XC is earlier than DRK in implementing the annomous feature,
that is very impressive
In my opinion, XC is earlier than DRK in implementing the annomous feature,
that is very impressive
This is not so much a matter of opinion... rather a matter of historic facts: DarkSend was/is live since Feb (testnet) / March (mainnet).
DRK is implementing masternode payments in a few hours. That's part of RC2. DarkSends work ok but, up to now, masternodes weren't getting paid 10% of mining output. RC3 will bring more in terms of anonymity.
Basic mixing was achieved within days back in February. For 99% of the cases a mixer is private enough for most uses. However governments can still catch you if they can monitor the nodes. That's the 1% extra effort that DRK is trying to do in the last months in the form of negative incentives to run multiple nodes from "bad actors" (that's why masternode payment protocol / 1000 DRK requirement was put into place). RC3 will try to improve anonymity further - always that last 1%.
We will be switching away from the masternode topology in REV v2 - I don't want to give away the secret sauce, but it is going to be high-end anonymous end to end encryption, provide 100% true anonymity and be the foundation of our blockchain v2.0 phase
Also our Rev v1 release can't be "monitored" at the node layer :-)
Good stuff... btw, I see you are a qualified dev, which is kind of a rare quality around these cryptocurrency places. Do you believe you can achieve NSA-proofing? For the time being it is an elusive property for most coins of this kind.
Great question, not going to answer that here.. once the encrypted messaging system is place within the XC wallet - we can discuss
Ok let me rephrase it in a "government-friendly" manner: Is the solution superior to ring signatures?
I would need to dig pretty deep into the aspects both solutions to answer that... as we get closer to REV v2 release, I will provide more details to the solution XC will implement
May 24, 2014, 08:11:16 PM
Quote
Excellent! Thank you for your hard work!
In my opinion, XC is earlier than DRK in implementing the annomous feature,
that is very impressive
In my opinion, XC is earlier than DRK in implementing the annomous feature,
that is very impressive
This is not so much a matter of opinion... rather a matter of historic facts: DarkSend was/is live since Feb (testnet) / March (mainnet).
DRK is implementing masternode payments in a few hours. That's part of RC2. DarkSends work ok but, up to now, masternodes weren't getting paid 10% of mining output. RC3 will bring more in terms of anonymity.
Basic mixing was achieved within days back in February. For 99% of the cases a mixer is private enough for most uses. However governments can still catch you if they can monitor the nodes. That's the 1% extra effort that DRK is trying to do in the last months in the form of negative incentives to run multiple nodes from "bad actors" (that's why masternode payment protocol / 1000 DRK requirement was put into place). RC3 will try to improve anonymity further - always that last 1%.
We will be switching away from the masternode topology in REV v2 - I don't want to give away the secret sauce, but it is going to be high-end anonymous end to end encryption, provide 100% true anonymity and be the foundation of our blockchain v2.0 phase
Also our Rev v1 release can't be "monitored" at the node layer :-)
Good stuff... btw, I see you are a qualified dev, which is kind of a rare quality around these cryptocurrency places. Do you believe you can achieve NSA-proofing? For the time being it is an elusive property for most coins of this kind.
Great question, not going to answer that here.. once the encrypted messaging system is place within the XC wallet - we can discuss
Ok let me rephrase it in a "government-friendly" manner: Is the solution superior to ring signatures?
May 24, 2014, 08:10:05 PM
Never doubted it for a moment. Well...maybe a moment. But thats gone now. Great work Dev! 
May 24, 2014, 08:03:30 PM
Quote
Excellent! Thank you for your hard work!
In my opinion, XC is earlier than DRK in implementing the annomous feature,
that is very impressive
In my opinion, XC is earlier than DRK in implementing the annomous feature,
that is very impressive
This is not so much a matter of opinion... rather a matter of historic facts: DarkSend was/is live since Feb (testnet) / March (mainnet).
DRK is implementing masternode payments in a few hours. That's part of RC2. DarkSends work ok but, up to now, masternodes weren't getting paid 10% of mining output. RC3 will bring more in terms of anonymity.
Basic mixing was achieved within days back in February. For 99% of the cases a mixer is private enough for most uses. However governments can still catch you if they can monitor the nodes. That's the 1% extra effort that DRK is trying to do in the last months in the form of negative incentives to run multiple nodes from "bad actors" (that's why masternode payment protocol / 1000 DRK requirement was put into place). RC3 will try to improve anonymity further - always that last 1%.
We will be switching away from the masternode topology in REV v2 - I don't want to give away the secret sauce, but it is going to be high-end anonymous end to end encryption, provide 100% true anonymity and be the foundation of our blockchain v2.0 phase
Also our Rev v1 release can't be "monitored" at the node layer :-)
Good stuff... btw, I see you are a qualified dev, which is kind of a rare quality around these cryptocurrency places. Do you believe you can achieve NSA-proofing? For the time being it is an elusive property for most coins of this kind.
Great question, not going to answer that here.. once the encrypted messaging system is place within the XC wallet - we can discuss
My hat is off to you and your Dev team. Well done sir.
May 24, 2014, 08:00:57 PM
This coin should be worth at least $13 per coin.
May 24, 2014, 08:00:08 PM
Quote
Excellent! Thank you for your hard work!
In my opinion, XC is earlier than DRK in implementing the annomous feature,
that is very impressive
In my opinion, XC is earlier than DRK in implementing the annomous feature,
that is very impressive
This is not so much a matter of opinion... rather a matter of historic facts: DarkSend was/is live since Feb (testnet) / March (mainnet).
DRK is implementing masternode payments in a few hours. That's part of RC2. DarkSends work ok but, up to now, masternodes weren't getting paid 10% of mining output. RC3 will bring more in terms of anonymity.
Basic mixing was achieved within days back in February. For 99% of the cases a mixer is private enough for most uses. However governments can still catch you if they can monitor the nodes. That's the 1% extra effort that DRK is trying to do in the last months in the form of negative incentives to run multiple nodes from "bad actors" (that's why masternode payment protocol / 1000 DRK requirement was put into place). RC3 will try to improve anonymity further - always that last 1%.
We will be switching away from the masternode topology in REV v2 - I don't want to give away the secret sauce, but it is going to be high-end anonymous end to end encryption, provide 100% true anonymity and be the foundation of our blockchain v2.0 phase
Also our Rev v1 release can't be "monitored" at the node layer :-)
Good stuff... btw, I see you are a qualified dev, which is kind of a rare quality around these cryptocurrency places. Do you believe you can achieve NSA-proofing? For the time being it is an elusive property for most coins of this kind.
Great question, not going to answer that here.. once the encrypted messaging system is place within the XC wallet - we can discuss
May 24, 2014, 07:59:04 PM
Will this become a pure proof of stake coin anytime soon? What is the schedule?
The coin will still have the extended POW but the # of coins produced by POW will be greatly reduced moving forward
What is the schedule for that?
Also what is the block reward?
within 5-10days
When you switch over to reduced PoW block reward, what size will the POS and PoW block rewards be respectively? That is my last question. If the PoW block reward is too low then this will disincentivize people from doing PoW mining and the dev of BlackCoin demonstrated a hybrid PoW/PoS coin with low PoW reward is typically wide open to a 51% attack.
I am aware of the 51% attack issue, I don't have the exact answers to these questions yet..... tomorrow..
May 24, 2014, 07:57:54 PM
Will this become a pure proof of stake coin anytime soon? What is the schedule?
The coin will still have the extended POW but the # of coins produced by POW will be greatly reduced moving forward
What is the schedule for that?
Also what is the block reward?
within 5-10days
When you switch over to reduced PoW block reward, what size will the POS and PoW block rewards be respectively? That is my last question. If the PoW block reward is too low then this will disincentivize people from doing PoW mining and the dev of BlackCoin demonstrated a hybrid PoW/PoS coin with low PoW reward is typically wide open to a 51% attack.
May 24, 2014, 07:55:22 PM
Quote
Excellent! Thank you for your hard work!
In my opinion, XC is earlier than DRK in implementing the annomous feature,
that is very impressive
In my opinion, XC is earlier than DRK in implementing the annomous feature,
that is very impressive
This is not so much a matter of opinion... rather a matter of historic facts: DarkSend was/is live since Feb (testnet) / March (mainnet).
DRK is implementing masternode payments in a few hours. That's part of RC2. DarkSends work ok but, up to now, masternodes weren't getting paid 10% of mining output. RC3 will bring more in terms of anonymity.
Basic mixing was achieved within days back in February. For 99% of the cases a mixer is private enough for most uses. However governments can still catch you if they can monitor the nodes. That's the 1% extra effort that DRK is trying to do in the last months in the form of negative incentives to run multiple nodes from "bad actors" (that's why masternode payment protocol / 1000 DRK requirement was put into place). RC3 will try to improve anonymity further - always that last 1%.
We will be switching away from the masternode topology in REV v2 - I don't want to give away the secret sauce, but it is going to be high-end anonymous end to end encryption, provide 100% true anonymity and be the foundation of our blockchain v2.0 phase
Also our Rev v1 release can't be "monitored" at the node layer :-)
Good stuff... btw, I see you are a qualified dev, which is kind of a rare quality around these cryptocurrency places. Do you believe you can achieve NSA-proofing? For the time being it is an elusive property for most coins of this kind.
May 24, 2014, 07:52:03 PM
Will this become a pure proof of stake coin anytime soon? What is the schedule?
The coin will still have the extended POW but the # of coins produced by POW will be greatly reduced moving forward
What is the schedule for that?
Also what is the block reward?
within 5-10days
May 24, 2014, 07:50:12 PM
Will this become a pure proof of stake coin anytime soon? What is the schedule?
The coin will still have the extended POW but the # of coins produced by POW will be greatly reduced moving forward
What is the schedule for that?
Also what is the block reward?
May 24, 2014, 07:49:11 PM
Quote
Excellent! Thank you for your hard work!
In my opinion, XC is earlier than DRK in implementing the annomous feature,
that is very impressive
In my opinion, XC is earlier than DRK in implementing the annomous feature,
that is very impressive
This is not so much a matter of opinion... rather a matter of historic facts: DarkSend was/is live since Feb (testnet) / March (mainnet).
DRK is implementing masternode payments in a few hours. That's part of RC2. DarkSends work ok but, up to now, masternodes weren't getting paid 10% of mining output. RC3 will bring more in terms of anonymity.
Basic mixing was achieved within days back in February. For 99% of the cases a mixer is private enough for most uses. However governments can still catch you if they can monitor the nodes. That's the 1% extra effort that DRK is trying to do in the last months in the form of negative incentives to run multiple nodes from "bad actors" (that's why masternode payment protocol / 1000 DRK requirement was put into place). RC3 will try to improve anonymity further - always that last 1%.
We will be switching away from the masternode topology in REV v2 - I don't want to give away the secret sauce, but it is going to be high-end anonymous end to end encryption, provide 100% true anonymity and be the foundation of our blockchain v2.0 phase
Also our Rev v1 release can't be "monitored" at the node layer :-)
May 24, 2014, 07:46:33 PM
Will this become a pure proof of stake coin anytime soon? What is the schedule?
The coin will still have the extended POW but the # of coins produced by POW will be greatly reduced moving forward
May 24, 2014, 07:45:59 PM
Quote
Excellent! Thank you for your hard work!
In my opinion, XC is earlier than DRK in implementing the annomous feature,
that is very impressive
In my opinion, XC is earlier than DRK in implementing the annomous feature,
that is very impressive
This is not so much a matter of opinion... rather a matter of historic facts: DarkSend was/is live since Feb (testnet) / March (mainnet).
DRK is implementing masternode payments in a few hours. That's part of RC2. DarkSends work ok but, up to now, masternodes weren't getting paid 10% of mining output. RC3 will bring more in terms of anonymity and a lift of the 10 DRK limit per transaction (as it has implemented denomination pools of same sizes for improving anonymity).
Basic mixing was achieved within days back in February. For 99% of the cases a mixer is private enough for most uses. However governments can still catch you if they can monitor the nodes. That's the 1% extra effort that DRK is trying to do in the last months in the form of negative incentives to run multiple nodes from "bad actors" (that's why masternode payment protocol / 1000 DRK requirement was put into place). RC3 will try to improve anonymity further - always that last 1%.
May 24, 2014, 07:44:38 PM
Will this become a pure proof of stake coin anytime soon? What is the schedule?
May 24, 2014, 07:41:59 PM
Dev and team, you guys rock. Thank you for your awesome work. I hope the tests turn out succesful but I am sure they will 
So far the tests look good
Also I spent a lot of time on the topic of total coins ---- and as I have seen, the multi-pools are all over this coin and due the POS issue, I've decided an adjustment to the POS algo will be included in the update... The original code was supposed to use POS to reduce POW blocks by 50% but it is not working as intended. So that will be address, to work as originally intended.. which will reduce to the total supply to about 10Million or less coins
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