[XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos - page 147.

synechist

legendary

Activity: 1190

Merit: 1000

To commodify ethicality is to ethicise the market

Quote from: synechist on October 18, 2014, 07:46:13 AM

Quote from: cryptohunter on October 18, 2014, 07:41:46 AM

Quote from: ms983845 on October 18, 2014, 06:43:54 AM

Synechist- Regarding the decentralised exchange- I see its moved up the timeline! Good news!
It was down as XCs but now as Blocknet? Where does XC stand? Do the fees go to xc owners or to owners of the blocknet ITO?
Thanks in advance!

Reason I ask - I don't want to sell xc for the Blocknet ITO! And was always looking forward to the XC decentralised exchange!

Yes, important question about the fees.

Blocknet is kind of a double edged sword for XC holders.

The Blocknet is not a double edged sword in any respect. Did you read my response to ms983845's post?

To clarify: a decentralised exchange would not be a revenue-generating service for XCurrency.

You'd make a trade directly with another node. The fee would go to the market maker.

Therefore you'd only get "paid" if you trade.

That's the whole point: decentralisation. Setting it up so that Xnodes do it on behalf of other Xnodes is unnecessary since there'd always be a maker and a taker.

synechist

legendary

Activity: 1190

Merit: 1000

To commodify ethicality is to ethicise the market

Quote from: cryptohunter on October 18, 2014, 07:41:46 AM

Quote from: ms983845 on October 18, 2014, 06:43:54 AM

Synechist- Regarding the decentralised exchange- I see its moved up the timeline! Good news!
It was down as XCs but now as Blocknet? Where does XC stand? Do the fees go to xc owners or to owners of the blocknet ITO?
Thanks in advance!

Reason I ask - I don't want to sell xc for the Blocknet ITO! And was always looking forward to the XC decentralised exchange!

Yes, important question about the fees.

Blocknet is kind of a double edged sword for XC holders.

The Blocknet is not a double edged sword in any respect. Did you read my response to ms983845's post?

I'll quote it here for convenience:

Quote from: synechist on October 18, 2014, 07:03:14 AM

Yeah, I think we're all eagerly awaiting a decentralised exchange. It's very important due to the conduct of Mintpal et al.

On the other hand Dan's workload is extremely high with existing XC tech, and he'll be busy up until Rev 3 perfecting XC's existing features. This is why decentralised exchange was a post-Rev 3 thing until now.

But fortunately the Blocknet needs a decentralised exchange as one of its two core features (the other being the XBridge protocol). This means that the Blocknet's funding will go toward developing one asap.

So this means that the Blocknet will deliver a decentralised exchange early on. Best of all it won't be a ghost town populated by a few XC supporters - it'll be supported by all the participating coins! Liquidity is all-important for an exchange, and that's what the Blocknet can deliver.

Big news, really.

cryptohunter

legendary

Activity: 2100

Merit: 1167

MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

Quote from: ms983845 on October 18, 2014, 06:43:54 AM

Synechist- Regarding the decentralised exchange- I see its moved up the timeline! Good news!
It was down as XCs but now as Blocknet? Where does XC stand? Do the fees go to xc owners or to owners of the blocknet ITO?
Thanks in advance!

Reason I ask - I don't want to sell xc for the Blocknet ITO! And was always looking forward to the XC decentralised exchange!

Yes, important question about the fees.

Blocknet is kind of a double edged sword for XC holders.

synechist

legendary

Activity: 1190

Merit: 1000

To commodify ethicality is to ethicise the market

Quote from: illodin on October 18, 2014, 07:31:36 AM

Quote from: synechist on October 18, 2014, 07:07:29 AM

Quote from: ms983845 on October 18, 2014, 06:51:06 AM

Also would be grateful for a non tech explanation of zero knowledge!?!?
What's it about? And why is it or not so good?
Want to work out what it has over XC tech!

Zero-knowledge proofs allow you to prove to someone that you've paid them without revealing your address.

It's a powerful technology, but:
- it's not decentralised because a server is required for one stage of the process
- it bloats enormously.
- it's new, untested, and therefore potentially insecure cryptography.

So it's not really implementable, practically speaking, at this stage.

Furthermore it's not a flexible technology. It's a total blackout. This is not particularly useful in the real world. For example:
- you buy something and need to prove to the seller that you've paid and not somebody else
- if the seller denies having received payment, you'll need to prove to the cops (or something) that you paid
- ZK doesn't conceal the amount sent, so if you donate money to a charity or political campaign, you won't be able to conceal that the charity received x amount from someone.

ZK is, ironically, only useful between people who trust each other. :-)

Plus, you'll be putting the anonymity mix into the blockchain, which means that when the encryption is cracked (breakthroughs in mathematics, quantum computers - this could take 20 years, or 1 year, or qc might already exist but we wouldn't know about it), the whole blockchain will be deanonymized.

Good point. For the same reason, XChat doesn't use the blockchain. Imagine it did, and preserved your private messages for perpetuity? Ha ha. Messy.

illodin

hero member

Activity: 966

Merit: 1003

Quote from: synechist on October 18, 2014, 07:07:29 AM

Quote from: ms983845 on October 18, 2014, 06:51:06 AM

Also would be grateful for a non tech explanation of zero knowledge!?!?
What's it about? And why is it or not so good?
Want to work out what it has over XC tech!

Zero-knowledge proofs allow you to prove to someone that you've paid them without revealing your address.

It's a powerful technology, but:
- it's not decentralised because a server is required for one stage of the process
- it bloats enormously.
- it's new, untested, and therefore potentially insecure cryptography.

So it's not really implementable, practically speaking, at this stage.

Furthermore it's not a flexible technology. It's a total blackout. This is not particularly useful in the real world. For example:
- you buy something and need to prove to the seller that you've paid and not somebody else
- if the seller denies having received payment, you'll need to prove to the cops (or something) that you paid
- ZK doesn't conceal the amount sent, so if you donate money to a charity or political campaign, you won't be able to conceal that the charity received x amount from someone.

ZK is, ironically, only useful between people who trust each other. :-)

Plus, you'll be putting the anonymity mix into the blockchain, which means that when the encryption is cracked (breakthroughs in mathematics, quantum computers - this could take 20 years, or 1 year, or qc might already exist but we wouldn't know about it), the whole blockchain will be deanonymized.

Mountaingoat

hero member

Activity: 714

Merit: 500

Quote from: tr8kr on October 18, 2014, 06:22:56 AM

If you want quick BTC without taking much bank information and waiting for SEPA you can use Virvox its not the cheapest way but its quick.

It use exchange through SSL the money of second life that you can buy with paypal or credit card and after you can exchange SSL/BTC and transfert fund directly to Wallet,Bittrex or other exchange.

You need to make some small transaction at the start for increase your max deposit of cash, the max is 300€ by day at the end

It takes 2 days to confirm with Paypal and the fees are really high.

synechist

legendary

Activity: 1190

Merit: 1000

To commodify ethicality is to ethicise the market

Quote from: the_game1224 on October 18, 2014, 07:22:52 AM

Quote from: synechist on October 18, 2014, 07:16:25 AM

Quote from: synechist on October 18, 2014, 05:52:33 AM

Coverage of XC's Blocknet on Crypto Coins News!

[snip]

https://www.cryptocoinsnews.com/xcurrency-introduces-internet-blockchains-blocknet/

Share on Facebook: https://www.facebook.com/XCurrency/photos/a.1525632590993976.1073741828.1517539691803266/1561709920719576/?type=1

Just wanted to take a second to say that you are doing an amazing job.
Thank you!

Thanks. Much appreciated. We'll keep on with this until TechCrunch, TNW, and Engadget all have headline articles on XChat.

Bring it on.

LordHaylar

newbie

Activity: 42

Merit: 0

Anyone who knows and understands XCurrency knows to HODL. and nothing else. Keep up the good work guys!

the_game1224

sr. member

Activity: 252

Merit: 250

Quote from: synechist on October 18, 2014, 07:16:25 AM

Quote from: synechist on October 18, 2014, 05:52:33 AM

Coverage of XC's Blocknet on Crypto Coins News!

[snip]

https://www.cryptocoinsnews.com/xcurrency-introduces-internet-blockchains-blocknet/

Share on Facebook: https://www.facebook.com/XCurrency/photos/a.1525632590993976.1073741828.1517539691803266/1561709920719576/?type=1

Just wanted to take a second to say that you are doing an amazing job.
Thank you!

synechist

legendary

Activity: 1190

Merit: 1000

To commodify ethicality is to ethicise the market

Quote from: synechist on October 18, 2014, 05:52:33 AM

Coverage of XC's Blocknet on Crypto Coins News!

[snip]

https://www.cryptocoinsnews.com/xcurrency-introduces-internet-blockchains-blocknet/

Share on Facebook: https://www.facebook.com/XCurrency/photos/a.1525632590993976.1073741828.1517539691803266/1561709920719576/?type=1

synechist

legendary

Activity: 1190

Merit: 1000

To commodify ethicality is to ethicise the market

Quote from: LD2164 on October 18, 2014, 06:28:13 AM

Quote from: KimmyF on October 18, 2014, 06:26:00 AM

Quote from: synechist on October 18, 2014, 06:17:43 AM

Quote from: Dungor on October 18, 2014, 06:14:23 AM

Quote from: synechist on October 18, 2014, 06:11:47 AM

Quote from: mav137 on October 18, 2014, 06:05:29 AM

Good stuff on the OP

By the way, on the timeline, every entry in green is hyperlinked to the press releases we've created.

The links are only in the PDF version though (which is downloadable at the bottom of the OP).

I had to remove the timeline hyperlinks from the OP because they created too many slices and wouldn't load.

Nice detail, it can't be put in the OP as well?

Alas, no. The previous version of the OP had all the links in it, but it wouldn't load.

Bitcointalk seems to have a limit on the number of images per post. It's a pity.

I'm considering a brand new OP that's a lot shorter, so that the links can be included. However we'd lose out on other information through that. I'm not sure what to exclude.

Did you try a convert to flash (http://www.flipsnack.com/)

maybe poster #2 could be approached to post some of the older/static stuff...

Good idea LD2164. Nice one. :-)

KimmyF, what's that?

synechist

legendary

Activity: 1190

Merit: 1000

To commodify ethicality is to ethicise the market

Quote from: ms983845 on October 18, 2014, 06:51:06 AM

Also would be grateful for a non tech explanation of zero knowledge!?!?
What's it about? And why is it or not so good?
Want to work out what it has over XC tech!

Zero-knowledge proofs allow you to prove to someone that you've paid them without revealing your address.

It's a powerful technology, but:
- it's not decentralised because a server is required for one stage of the process
- it bloats enormously.
- it's new, untested, and therefore potentially insecure cryptography.

So it's not really implementable, practically speaking, at this stage.

Furthermore it's not a flexible technology. It's a total blackout. This is not particularly useful in the real world. For example:
- you buy something and need to prove to the seller that you've paid and not somebody else
- if the seller denies having received payment, you'll need to prove to the cops (or something) that you paid
- ZK doesn't conceal the amount sent, so if you donate money to a charity or political campaign, you won't be able to conceal that the charity received x amount from someone.

ZK is, ironically, only useful between people who trust each other. :-)

synechist

legendary

Activity: 1190

Merit: 1000

To commodify ethicality is to ethicise the market

Quote from: ms983845 on October 18, 2014, 06:43:54 AM

Synechist- Regarding the decentralised exchange- I see its moved up the timeline! Good news!
It was down as XCs but now as Blocknet? Where does XC stand? Do the fees go to xc owners or to owners of the blocknet ITO?
Thanks in advance!

Reason I ask - I don't want to sell xc for the Blocknet ITO! And was always looking forward to the XC decentralised exchange!

Yeah, I think we're all eagerly awaiting a decentralised exchange. It's very important due to the conduct of Mintpal et al.

On the other hand Dan's workload is extremely high with existing XC tech, and he'll be busy up until Rev 3 perfecting XC's existing features. This is why decentralised exchange was a post-Rev 3 thing until now.

But fortunately the Blocknet needs a decentralised exchange as one of its two core features (the other being the XBridge protocol). This means that the Blocknet's funding will go toward developing one asap.

So this means that the Blocknet will deliver a decentralised exchange early on. Best of all it won't be a ghost town populated by a few XC supporters - it'll be supported by all the participating coins! Liquidity is all-important for an exchange, and that's what the Blocknet can deliver.

Big news, really.

ms983845

newbie

Activity: 16

Merit: 0

Also would be grateful for a non tech explanation of zero knowledge!?!?
What's it about? And why is it or not so good?
Want to work out what it has over XC tech!

ms983845

newbie

Activity: 16

Merit: 0

Synechist- Regarding the decentralised exchange- I see its moved up the timeline! Good news!
It was down as XCs but now as Blocknet? Where does XC stand? Do the fees go to xc owners or to owners of the blocknet ITO?
Thanks in advance!

Reason I ask - I don't want to sell xc for the Blocknet ITO! And was always looking forward to the XC decentralised exchange!

LD2164

member

Activity: 95

Merit: 10

Quote from: KimmyF on October 18, 2014, 06:26:00 AM

Quote from: synechist on October 18, 2014, 06:17:43 AM

Quote from: Dungor on October 18, 2014, 06:14:23 AM

Quote from: synechist on October 18, 2014, 06:11:47 AM

Quote from: mav137 on October 18, 2014, 06:05:29 AM

Good stuff on the OP

By the way, on the timeline, every entry in green is hyperlinked to the press releases we've created.

The links are only in the PDF version though (which is downloadable at the bottom of the OP).

I had to remove the timeline hyperlinks from the OP because they created too many slices and wouldn't load.

Nice detail, it can't be put in the OP as well?

Alas, no. The previous version of the OP had all the links in it, but it wouldn't load.

Bitcointalk seems to have a limit on the number of images per post. It's a pity.

I'm considering a brand new OP that's a lot shorter, so that the links can be included. However we'd lose out on other information through that. I'm not sure what to exclude.

Did you try a convert to flash (http://www.flipsnack.com/)

maybe poster #2 could be approached to post some of the older/static stuff...

KimmyF

sr. member

Activity: 978

Merit: 250

Quote from: synechist on October 18, 2014, 06:17:43 AM

Quote from: Dungor on October 18, 2014, 06:14:23 AM

Quote from: synechist on October 18, 2014, 06:11:47 AM

Quote from: mav137 on October 18, 2014, 06:05:29 AM

Good stuff on the OP

By the way, on the timeline, every entry in green is hyperlinked to the press releases we've created.

The links are only in the PDF version though (which is downloadable at the bottom of the OP).

I had to remove the timeline hyperlinks from the OP because they created too many slices and wouldn't load.

Nice detail, it can't be put in the OP as well?

Alas, no. The previous version of the OP had all the links in it, but it wouldn't load.

Bitcointalk seems to have a limit on the number of images per post. It's a pity.

I'm considering a brand new OP that's a lot shorter, so that the links can be included. However we'd lose out on other information through that. I'm not sure what to exclude.

Did you try a convert to flash (http://www.flipsnack.com/)

tr8kr

hero member

Activity: 661

Merit: 500

If you want quick BTC without taking much bank information and waiting for SEPA you can use Virvox its not the cheapest way but its quick.

It use exchange through SSL the money of second life that you can buy with paypal or credit card and after you can exchange SSL/BTC and transfert fund directly to Wallet,Bittrex or other exchange.

You need to make some small transaction at the start for increase your max deposit of cash, the max is 300€ by day at the end

synechist

legendary

Activity: 1190

Merit: 1000

To commodify ethicality is to ethicise the market

Quote from: Dungor on October 18, 2014, 06:14:23 AM

Quote from: synechist on October 18, 2014, 06:11:47 AM

Quote from: mav137 on October 18, 2014, 06:05:29 AM

Good stuff on the OP

By the way, on the timeline, every entry in green is hyperlinked to the press releases we've created.

The links are only in the PDF version though (which is downloadable at the bottom of the OP).

I had to remove the timeline hyperlinks from the OP because they created too many slices and wouldn't load.

Nice detail, it can't be put in the OP as well?

Alas, no. The previous version of the OP had all the links in it, but it wouldn't load.

Bitcointalk seems to have a limit on the number of images per post. It's a pity.

I'm considering a brand new OP that's a lot shorter, so that the links can be included. However we'd lose out on other information through that. I'm not sure what to exclude.

Dungor

full member

Activity: 178

Merit: 100

Quote from: synechist on October 18, 2014, 06:11:47 AM

Quote from: mav137 on October 18, 2014, 06:05:29 AM

Good stuff on the OP

By the way, on the timeline, every entry in green is hyperlinked to the press releases we've created.

The links are only in the PDF version though (which is downloadable at the bottom of the OP).

I had to remove the timeline hyperlinks from the OP because they created too many slices and wouldn't load.

Nice detail, it can't be put in the OP as well?

Topic: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos - page 147. (Read 1484188 times)