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Topic: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos - page 1365. (Read 1484238 times)

hero member
Activity: 503
Merit: 500
Good read, although some of the points he makes (closed source) also apply to XC. I could be wise to have a date of opening the source in our roadmap.
This gives us the benefit of gaining some speed and adoption while also taking away the closed source ciritique

I didn't see yet a clear and detailed explanation of the dynamic trust network... and if you want to gain trust from all of us open source is a must Smiley
hero member
Activity: 840
Merit: 1000
Good read, although some of the points he makes (closed source) also apply to XC. I could be wise to have a date of opening the source in our roadmap.
This gives us the benefit of gaining some speed and adoption while also taking away the closed source ciritique

We have however had our code reviewed by a peer developer. I will talk to atc about adding open source to roadmap.
full member
Activity: 163
Merit: 100
Good read, although some of the points he makes (closed source) also apply to XC. I could be wise to have a date of opening the source in our roadmap.
This gives us the benefit of gaining some speed and adoption while also taking away the closed source ciritique
newbie
Activity: 50
Merit: 0

https://bitcointalk.org/index.php?topic=641178.40
Here is some words  from a bitcoin core dev

http://img03.taobaocdn.com/imgextra/i3/888367355/TB2po2SXXXXXXbWXFXXXXXXXXXX_!!888367355.png

Ozziecoin, Your pump and dump dance would probably be more effective if you were less transparently dishonest in your approach.  I'm normally happy to ignore the nonsense in the altcoin subform, but since you saw fit to go distrupt the coinjoin thread with some offtopic insult hurling I thought I'd bring the extensive response back here where its topical.

CoinJoin is trustless— which is orthogonal with centralized or decentralized, it could be implemented several ways (though trustlessness is usually a prerequisite to a decenteralized implementation). Post 5 in the CoinJoin thread writes in depth about implementing it in a decenteralized way, none of which appears to have been implemented by the darkcoin developers as far as I can tell— from what I've heard it seems that they're not even able to understand it. (This is a disappointment to me, since I was trying to describe these ideas clearly so others could understand them.)

More amusingly, what DarkCoin does is highly centralized because the software is closed— you can't get more centralized than closed source. What the actual behavior is, is anyone's guess— it's impossible to review due to it being closed— though "masternodes" does not sound like something decenteralized, it sounds like something that creates a small chokepoint which could be used to deanonymize its users, like a server based CoinJoin but worse since you have to hold a huge pile of coins to run a server.

As I've said before CoinJoin is interesting because it's inherently part of Bitcoin already— it just needed better tools (and now there are some, e.g. darkwallet) to make it available to people.  It's a privacy improvement over not having it, but it isn't perfect, but it also didn't require any changes to Bitcoin (much less a whole altcoin) to deploy it.  In an incompatible system much better is possible as is proposed by ZeroCash and much better is actually _realized_ by Bytecoin (and its forks... Monero, Fantomcoin, etc.), the later are actually working (if immature, due reinventing many wheels) implementations of much stronger privacy, decenteralized in their implementation, all released under a good open source license.

From what I can tell the only purpose DarkCoin serves is to depress me about the state of humanity.
Now who is doing the pumping for his coin?
I haven't promoted anything here, except arguably the Bytecoin/etc. ones which aren't mine by any means.

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As I see it coinjoin as it stands is highly centralised and subject to being co-opted.
You're asserting this but you haven't justified it. I can't counter an assertion because I don't even know what you're saying is centeralized or how you believe it could be co-opted.

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Why would you attack Darkcoin?
Because it's closed source stuff of dubious quality which appears to being deceptively marketed.

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Afterall, the devs themselves have said they will make the code available soon.
This isn't how cryptosystem development works. History supports taking the position that is closed should be automatically assumed to be snake-oil if not an outright trojan until proven otherwise. It's highly suspect. Systems which are good do not need to hide their operation, not if you're going to ask other people to use it.

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It seems to me you are prejudiced against Darkcoin.  Why? I cannot fathom nor am I interested.
Why do you ask why and then claim disinterest? I am prejudiced against vaporware, closed source, and pump and dump nonsense. I am prejudice against things which exploit the technical work I've done, trade on it's name (as Darkcoin did at first, until I started blasting it it), to the apparent purpose of extracting funds from people who are less technically sophisticated. Beyond the basic immorality of it, I worry that this fundraising style will remove people's willingness to support real improvements that aren't scams, since its hard for them to tell them apart.

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than your 1 centralised coinmixing server.
What are you talking about here?  Nothing I've ever described involved a singular "coinmixing" server.

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As for you saying that CoinJoin is inherently part of Bitcoin; how so? It is not part of the protocol.  I do not see many people use it on a day to day basis. It is not part of computer wallets. Which part of it is actually "inherent".  Why cannot Litecoin use it "inherently" tomorrow if they wanted to? I see nothing inherent about it at all.
I'm now suspecting that you've never read the CoinJoin post at all— pointing out that it was part of the protocol was the point. It's also inherently a part of Litecoin or anything else that copied the bitcoin code slavishly. It's a result of how signatures work in Bitcoin. Getting wallet interfaces and such developed for it was the motivation for the CoinJoin post, and now there has been good movement on that front.

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Please, Zerocash is totally closed source right now so how would you know it is better?
Closed source? It's not actually implemented yet, but unlike "DarkCoin" they've extensively described their approach in their academic publications and subjected it to extensive peer review. I'm not a fan of the security assumptions it makes, but the privacy properties the system should achieve are basically perfect.

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And bytecoin and its various forks have problems with blockchain bloat.
All cryptographically strongly-private decenteralized cryptocurrencies are going to be unprunable to some degree, which is an unfortunate scalability tradeoff— but considering that no Bitcoin implementation in production today implements pruning anyways, it's hardly a fatal one— at least in the medium term. The tradeoff here is fundamental: if you don't know what coin has been spent, you can't forget any of them.  Of course, a system could have less privacy and things forever out of the anonymity set could be forgotten but thats the tradeoff you get.


hero member
Activity: 840
Merit: 1000
Thread title says mandatory wallet update tomorrow 1/6.  Was it announced what would be included in this update? Thanks

I understand the misunderstanding, I use UK dates.
legendary
Activity: 1148
Merit: 1000
Chinese XC  Weibo Account(similar as twitter)

XC 匿名币  
http://weibo.com/u/5166901440

fellow us Chinese friends
hero member
Activity: 980
Merit: 500
XC has been added to Bter.com 's BTC market at

https://bter.com/trade/xc_btc

You can deposit at

https://bter.com/myaccount/deposit/XC

You will get a 1% bonus when deposit and 1% fee when withdraw.



all hard work has been reward now.

more promotions will come soon in china.

are you ready guys? Grin

I am!

I know that XC investors and believers really need this!
legendary
Activity: 1148
Merit: 1000
XC has been added to Bter.com 's BTC market at

https://bter.com/trade/xc_btc

You can deposit at

https://bter.com/myaccount/deposit/XC

You will get a 1% bonus when deposit and 1% fee when withdraw.



all hard work has been reward now.

more promotions will come soon in china.

are you ready guys? Grin
legendary
Activity: 1148
Merit: 1000
legendary
Activity: 1148
Merit: 1000
Thread title says mandatory wallet update tomorrow 1/6.  Was it announced what would be included in this update? Thanks

Anyone??

we are waiting for the V2 now!
2 weeks later.
it will change everything.
hero member
Activity: 616
Merit: 500
Thread title says mandatory wallet update tomorrow 1/6.  Was it announced what would be included in this update? Thanks

Anyone??
hero member
Activity: 503
Merit: 500
Na Zdorovie!
legendary
Activity: 1148
Merit: 1000
legendary
Activity: 1148
Merit: 1000
hero member
Activity: 503
Merit: 500
Na Zdorovie!
Adding "hot wax coating" effect to 1st logo

hero member
Activity: 980
Merit: 500
Sitting on my small stash...

Will see what happens in 1 month
hero member
Activity: 728
Merit: 500
Smiley Just a quick +1 on the idea of using the term "privacy" and not "anon".
Respectable business people are very sensitive about terminology. Dark sounds seriously underhand and sneaky. Anon is too closely associated with that "org". Symbolism is everything ask COCA Cola and ciggy manufacturers.  Wink

+2

Advertising toward the privacy angle definitely rings more to a business tone and not the shady side.

It's really relevant for today especially after all the surveillance news report.

+Priva3y

(It's a bad pun but hopefully the sentiment is communicated successfully)
sr. member
Activity: 322
Merit: 250
Smiley Just a quick +1 on the idea of using the term "privacy" and not "anon".
Respectable business people are very sensitive about terminology. Dark sounds seriously underhand and sneaky. Anon is too closely associated with that "org". Symbolism is everything ask COCA Cola and ciggy manufacturers.  Wink

+2

Advertising toward the privacy angle definitely rings more to a business tone and not the shady side.

It's really relevant for today especially after all the surveillance news report.
legendary
Activity: 1764
Merit: 1000
newbie
Activity: 15
Merit: 1
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