Topic: [Poll] What anonymous coin will succed? - page 26. (Read 90297 times)

Premixing sounds horrible, lets say i own 1000 DRK; all of them get "premixed" ; now i buy something for 1000 DRK with my mixed coins - or i simply send them to an exchange, all inputs will get combined again and its clear that i am the owner of all of them.
If i send them through Darksend to the receiver, theres no way to cryptographically proof they are from me which is a total no-go for e-commerce; but is easily doable with CN.

To not mix inputs people would have to carefully use coincontrol and be very cautious... absolutely not suitable for the general user.
If darksend is not enforced, no normal people will use it and endanger everyone who wants to stay anonymous.

Regular people will use SPV/liteweight/zerotrust webwallets and enthusiats will run full nodes, it simply doesnt matter if if the blockchain is 50 or 100gb big in 5 years, thats nothing.
Old tx in cryptonote are getting reused, providing further anonymity. They have a good use, unlike in BTC and co where old tx are useless.

DRK needs 1000 DRK to run a "mixing" node; how do you expect to scale that, you are actively limiting the anonymity with such design decision, even worse you are creating a 2 class economy, same goes for the mining reward which is based on the Nethash, at some point capping the network security - even worse if 20% rewards will go to the masternodes.

If you talk about scaling, i guess you have VISA kind of scale in your mind, If you think that the masternode stuff will be scaleable to that i cant help you.


"It doesn't matter how anonymous your coin is, if it can't scale, it'll be anonymous from no one knowing about it. " - like TOR? which is used by millions and still slower then every direct internet connection?

mate..got to be brutally honest here..i was an early adoptor of DRK had a decent amount made a decent amount but the whole thing(and yes i still follow it) is disappointing XC has done what DRK has in half the time and without back stabbing competitors, i would  put Btc on XC's anonymity right now to beat DRK's right now and remember XC is half the age + has encrypted messaging

you are 100% correcto mundo my friend. Anyways, heads up rc4 is imminent. Just announced https://bitcointalksearch.org/topic/m.8296922

well you probably don't know much about much then do you? is that my problem? if you care to read my post carefully i'm sure you will figure out this REV 1.5 thing..if it matters to you..probably doesn't...

I have no idea what rev 1.5 is. Sorry.

uhh yes it is up to REV 1.5 it's on a delayed timeline..try a bit harder to FUD..

Because Bitcoin with it's 20gb blockchain hasn't scaled? You're extremely confused if you think that "mass usage" requires everyone to run full nodes on their mobile phones or 5 year old laptops.

yeah, but is it open source? No? Well no thanks.

XC was specifically built to be used on mobile devices and to be 100% anonymous+ it has encrypted messaging voice and video communication+ in wallet XC purchasing+so much more XC i next gen shit all the rest is just shit..no offense

This is a big deal. It's the difference between a coin that stays a proof of concept versus one that can actually scale to mass usage. It doesn't matter how anonymous your coin is, if it can't scale, it'll be anonymous from no one knowing about it.

There is room for more then one.. but XC will be king.

Actually, Darksend+ pre-anonymizes the coins in your wallet, so when you're going to send them, it's instantaneous. Sending doesn't need mixing anymore.

Darksend is compatible with mini-blockchain, so if it proves to be stable, Darkcoin can start using it. CN can't.

Anonymous payments in CN based coins are instant, in DRK not.

Wow DRK scales so good.

XC is no gimmick mate, but if you care to prove me wrong there is a bounty for 2 Btc to trace the payments, has been for over a month no one has done it, Cheplin from DRK tried..and failed...but we are only at Rev 2 in the future the bounty will be around 10btc all you have to do is link the sender and receiver address, if you can do it now you get 2 BTC, you up to the challenge?

Actually I'd say that CN coins are more of a gimmick. They can't scale to real world usage. DRK can.

Please add Cryptonote to your poll.  Ironically it's the only real anon coin yet it's not in the poll.

The only coin with real anon potential right now is Cryptonote.  The rest are all gimmicks.  But I guess that doesn't mean anything if you're got guys who are good at marketing and pumping a coin.  Look at DARK, just a gimmick coin and people were happy to pay $10 per coin.  lol.

I was merely explaining why I like XC.
What coin/s do you like, and why?

Other -

Its not on the list.

BitShares X (BTSX) with TITAN  http://wiki.bitshares.org/index.php/TITAN

Let's learn about XC and why it blows it's competitors including BTC out of the water hands down...( this was mostly copied from the XC website because it explains it best)

Total coins:
5.5 Million
Premine: 125k
Block Times: 90 Seconds
POS interest: 3.33% per year
Min stake time: 8 hours
Max Stake time: 30 Days

TECHNOLOGY

The XC network is made up of two parts: (1) the standard XC network, made up of computers running the XC App, and (2) the anonymous XC network, which is run by XC Nodes.  All apps that are open and connected to the network while holding coins are a part of the standard XC network.  This network is very similar to what other cryptocurrencies currently use.

 The XC anonymous network, on the other hand, is something entirely different.  It can be accessed from any XC App, but if a user designates a transaction to be sent anonymously, it is processed by the XC Nodes which make up the anonymizing portion of the network.  Any XC App can be set up to run as an XC Node, as long as it meets certain criteria

no bloat

XC was designed from the ground up to be compatible with mobile devices. Currently, there are several projects that have an anonymizing strategy that results in an unworkable blockchain bloat problem, which will only be compounded if they are ever introduced to mobile platforms.  Technologies like ring signatures and zero-knowledge proofs fall into this category and currently lack a way of avoiding this major setback.  XCurrency is able to use standard transactions, but multi-path then achieves an extremely high level of privacy combined with a high degree of prunability.  This allows XC to avoid blockchain bloat, even with full mobile integration.

decentralized

Because every XC App can function as an XC Node, this allows XC to avoid what Bitcoin core developer Gregory Maxwell has recently called a security “chokepoint” in some other coins’ use of semi-centralized nodes to forward transactions.  Unlike most other anonymous strategies, XC avoids the need to hold a very large amount of coins in order for an XC Node to function.  This is made possible due to the small, random transaction sizes of XC’s multi-path architecture.  The smaller capital requirement to run an XC Node benefits the XC network by allowing more XC Nodes to exist, increasing the overall efficiency and effectiveness of the anonymous network.

network security

XC uses multi-sig and end-to-end message encryption. This solution improves upon the more common practice of simply forwarding transactions, which can be problematic because malicious actors can steal transactions instead of forwarding them.  Another issue resolved by the XC approach is XC Nodes cannot snoop on the broadcasting system and publish the identities of senders and receivers.  This further adds to XC's security.

not just for payments

From the onset, XC was designed to take advantage of Blockchain 2.0 architecture. This makes implementations such as secure messaging, secure chatting, and decentralized cloud storage possible. XC’s comprehensive approach to incorporating current and trending technologies provides a stable platform on which to implement exciting new ideas and features in the future. The XC community has already seen evidence of this forward planning in the efficiency with which changes can be made.

 XC was built for the future. While it successfully implements the imperative state of the art technologies that are expected of a cryptocurrency today, the foundation has been laid for even bigger things to come.

Near future (Coming months all of this will be implemented Most probably by the end of the year, Brace yourselves.)

XC Mobile

Currently in progress is the fully featured XC mobile wallet/app.  This app for smartphones will be made available for both iOS and Android operating systems.  Users will be able to earn interest on the go, made possible thanks to XC’s adaptive design.  XC is also working on the technology to allow the purchase of XCurrency directly through the mobile app – this will add ease-of-use for those with less tech knowledge, and will make reloading with XCurrency easier than ever.

Decentralized Cloud Storage

The incorporation of Blockchain 2.0 architecture into the XC framework allows for a broad range of future developments.  One area being looked into by the XC team is the use of the XC blockchain for decentralized cloud storage.  This storage could be utilized by individuals, businesses, or even political campaigns.  The ability to safely store and transfer important documents, without fear of disclosure to third parties, is something that a diverse group of people could benefit from.  XC is taking steps to make this feature a reality.

Payment Networks

As the XCurrency base is further developed, adding XCurrency to an existing payment network, such as the Visa network, will be a number one priority.  Imagine XC being as easy to use as a credit card, but without the need for the actual card, since XC will be fully functional on any mobile device.  This integration into any one of the larger payment networks will allow XC to be utilized at millions of point of sale locations across the globe.  It will also open the door for utilization with ATM’s, otherwise known as cash machines in some countries.  Combined with the ability to reload your mobile app with XCurrency at the click of a button, this will be the premier step toward bringing XC before the masses as a usable, functional, flexible, and robust currency alternative.

NFC Payments

A project that’s been in the works for years, near field communication (NFC) payment technology is starting to gain mass adoption and acceptance as a simpler, faster, and more secure way to make payments at point of sale locations.  With the development of XC’s mobile app, the timing for such an acceptance of NFC technology by the general population couldn’t have been better.  Some of the key benefits associated with utilization of NFC technology in conjunction with XC:

Blockchain 2.0 Apps

XCurrency is built on Blockchain 2.0, a flexible digital platform which allows easy integration for current and future XC applications.  A few examples of upcoming applications would include the use of the XC App for encrypted messaging and chat, and the use of the XC blockchain for decentralized cloud storage.  These are just the start; the potential to build upon the XC platform is limitless.  With the Blockchain 2.0 architecture already in place, the blockchain for XCurrency is like a foundation awaiting the actual building to be erected.  Stay tuned to see what the XCurrency team has planned, and as always, if you have a great idea that you would like to see implemented, by all means contact us and we’ll take a more detailed look.

Web 3.0 Development

Web 3.0 represents the evolution of the World Wide Web.  Poised to make the internet fully and provably secure against identity theft, fraud, and spying,  Web 3.0 is a fundamental change in the architecture of the Internet. XCurrency’s platform approach incorporates Web 3.0 concepts, like decentralization and appropriately secure protocols for various types of information. As XC’s Blockchain 2.0 applications grow in number, XC will increasingly become a fundamental building block of Web 3.0.

Proof of Blockchain

Proof of Blockchain (PoBC) is such new technology, that very few understand it.  Invented by Jasinlee, one of XC’s developers, PoBC will essentially allow blockchains to talk to each other.  At this point, PoBC is a revolutionary concept that, if successfully implemented, will become an incredibly powerful facet of the XCurrency project, further increasing privacy and reducing blockchain size.  PoBC is not going to be implemented in the immediate future due to the enormous amount of work required to code and implement it, (and there are more immediate goals, as outlined in the XC roadmap), but keep an eye out for announcements regarding PoBC, and the positive impacts that PoBC may have on XC’s future.

Learn about XC's free encrypted Messaging (soon to have free encrypted video and voice call)
http://xc-official.com/xc-news/

Lead developer
http://www.linkedin.com/pub/dan-metcalf/12/1a8/b82

TIMELINE
*2014-5-08 XC launches
*2014-5-26 Rev. 1.0 End to end encryption
*2014-5-26 Trusted mixer
*2014-6-16 Rev. 1.5 Early multipath   
*2014-6-16 XC team reveals their identities
*2014-6-24 XC TOR Stick test release
*2014-7-7  XC official website launch
*2014-7-7  XC social media platforms launch
*2014-7-7 Rev 2.0
*2014-7-7 Full multipath
*2014-7-7 Trustless mixing
*2014-7-8 New XC team members introduced
*2014-7-9 XChat app test release
*2014-7-21 Rev 1 mixer code open source release
*2014-8-4 XChat and private payments merge
*2014-8-7 XC TOR Stick
*2014-8-7 XChat release
 COMING SOON
[Undisclosed Rev 2 privacy feature]
*Rev 2.5 XChat, New UI preview
*Rev 3.0 [Undisclosed tech update]
*XC app UI
*Official public launch
*XC TOR Stick ships to buyers
*Public bounty to provably break privacy
*XChat mobile
*XC mobile staking wallets
*XC ATMs
*XChat voice calling
*Point of sale integration
*XChat video calling
*Proof of Blockchain
*Decentralised cloud storage
*Decentralised exchange
*Interchains
AND MORE TO BE ANNOUNCED!!