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Topic: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos - page 1515. (Read 1484244 times)

legendary
Activity: 1764
Merit: 1000
i don't see a legitimate corporation or business would use something like Darkcoin. i picture a big black atm in the dark corner, if it even succeed. walk to Mcdonald, hey do you accept Dark? LOL, just don't sound right.


PS:
I hope everybody understand why the DRK trolls are here.
DRK was called XCoin (XC) before it got renamed...
The poor peepz just want their name back Cheesy

yub dark is a bad choice of name for something that you would want every one to use.
xc is more neutral.
full member
Activity: 157
Merit: 100
Smiley we will back soon after dev's next update.

I wonder when is it?

 Huh Huh

Forget the current price, since it's for accumulation.
My rank in Rich List has been falling for 2 days, and I think it's good thing for XC.

I hope you're right..

but price down and down...

where's floor...
full member
Activity: 126
Merit: 100
XC
Smiley we will back soon after dev's next update.

I wonder when is it?

 Huh Huh

Forget the current price, since it's for accumulation.
My rank in Rich List has been falling for 2 days, and I think it's good thing for XC.
full member
Activity: 157
Merit: 100
Smiley we will back soon after dev's next update.

I wonder when is it?

 Huh Huh
legendary
Activity: 1148
Merit: 1000
 Smiley we will back soon after dev's next update.
hero member
Activity: 742
Merit: 500
Its as easy as 0, 1, 1, 2, 3
Sometimes I just love you guys, I leave for half the night and come back to cheap XC. *hugs*
sr. member
Activity: 392
Merit: 250
1) Is the mixing tx "instant"? How long will it take for the mixing tx according to block time, 1 block, 2 block, 3 block, or 10 blocks, 100 blocks? What I mean is the "mixing process", not the confirmation time.

2) If I want to pay a merchant and want to send the coins via xnode "mixing" service, can I show and verify my tx to the merchant? If my understanding is right, the tx input to the merchant is not my address.

3) As a middleman, if some illegal tx, for example, drug service, is transferred through my wallet, so I'm so risky to open the xnode.

I think I haven't understand xnode logic, so please correct me about the above questions.

Thank you.

I have no idea about #1 obviously so I'll just comment on the other two points from my perspective.

If you are dealing with a 'merchant' who is going to require confirmation of payment - or who you are concerned with defrauding you based on claims of non-payment - then you will most likely be wanting to avoid anonymous payments under any circumstances.  However, despite the fact that it would largely invalidate the 'anonymous' aspect - you could add signed message with a previously agreed upon 'identifier' to prove it was you to the recipient.

Again - the real-world cases where you don't want anyone to know who you sent money to, but you want to be able to prove the fact that you sent money to them... it's pretty much a catch-22.

As far as #3, unless you are also being a middle-man for the drugs themselves (mule) - you are doing nothing different than the routers and switches at all the ISPs along the route between nodes that the data is travelling - with no logged information identifying the parties on either end, and no way of being able to 'read' the purpose of the payment, I can see no legal precedence for prosecution.

Were all Bitcoin wallets responsible for Silkroad?  They were essentially providing proof of payment for those transactions after all... which is all you would really be doing as an xnode.  
hero member
Activity: 589
Merit: 500
After sitting on this quite a bit last night, I really began to see exactly what the Developer has in mind so I will try to explain it the simplest and best that I know so others may begin to understand more.  
ATC, please comment whether this is on the right track or not as I am trying to clear some things up.

The Xnode
1. Every wallet on the network is capable of being an "Xnode" depending on the amount of coins that are held in that wallet - current suggested is 1000 minimum, but that may change.  
2. The "Xnode" is essentially a decentralized mixer that passes the transactions through to the next "Xnode" until it is received by the intended target.
3. Keeping your wallet open without the "Xnode" option will pay the 3.33%/yr POS.
4. Keeping your wallet open with the "Xnode" option engaged will pay additional transaction fees on top of the POS.
5. Acting as an "Xnode" will incentive users to keep wallets open and active strengthening network security.

A concern that was raised yesterday was that the pass through transactions are visible to users, and that a wallet modification would be able to intercept and steal the coins.  This is where the muli path paradigm comes into play, along with the additional network layer or "XC Alpha".

1. According to the OSI Model - http://encyclopedia2.thefreedictionary.com/OSI+model - There are 7 Layers to the Network stack.  The currently titled "XC Alpha" will add an 8th layer that will essentially come in between layer 2 and 3. The initial request and encryption is initiated on this layer putting the transaction in motion.
2. Once the transaction is initiated, an on demand  "Xtunnel" will be created connecting the requester to the Xnode pool. It is within this tunnel that transactions are transactions are submitted to the pool network where the coin mixing is processed and deliverd to the receiver.

At the current time, The additional layer is not in place and that is why users can see transaction processed through their wallets, and they are currently unencrypted??  Once the "XC Alpha" has been fully integrated, users will not see the transaction as they currently do, but they will see it in a similar way that they see the current POS transaction.  These transactions will be fully encrypted and the possibility of stealing the transaction as mentioned would be nullified.  
The transactions should be represented in the users wallet not as "mined" but as something simply like "X" (just a suggestion).  In this manner, they will be able to see that the XNODE is actually working and paying out as promised.

I hope I am on track here, and I hope this helps to understand more.  once again, if ATC would care to comment, edit, or tell me I am full of shit, feel free.






ATCsecure, is this on track?

Yes it is pretty close to being on track, the current release is using encryption on the new protocol, since the xnode is your wallet, your going to see transactions, however, the multi-path has not been implemented yet, once that is done it is a different game as the xnodes relay the tx across multiple xnodes, so even if you see the transactions in your wallet, your just a middleman for 2 different xnodes....



1) Is the mixing tx "instant"? How long will it take for the mixing tx according to block time, 1 block, 2 block, 3 block, or 10 blocks, 100 blocks? What I mean is the "mixing process", not the confirmation time.

2) If I want to pay a merchant and want to send the coins via xnode "mixing" service, can I show and verify my tx to the merchant? If my understanding is right, the tx input to the merchant is not my address.

3) As a middleman, if some illegal tx, for example, drug service, is transferred through my wallet, so I'm so risky to open the xnode.

I think I haven't understand xnode logic, so please correct me about the above questions.

Thank you.


member
Activity: 103
Merit: 10
XCent sounds cheap (I'm sorry), But XCloud is really cool though.
just my 2Cents.
sr. member
Activity: 364
Merit: 250
Personally not a fan of XCent, but XClouds sound cool.
newbie
Activity: 44
Merit: 0
I vote to move for a name change.

I have two options, both of which relate to key points within the XC development, and basic premise. Ticker will remain XC

Drum roll please....

XCent ... Anonymous Transfer Complete

This relates to the idea that XCent is relative to money, and immediately catches the eye. The motto shows what this coins about as far as the anonymous transfer protocol is concerned, and accomplishes one of the two main ideas of the coin immediately.  XCent would distinguish us from the term 'coin' and set us apart, as does our code.

MAESTRO QUEUE MUSIC

XClouds; Float Free

This name insinuates the idea of Mesh networking, and being 100% decentralized; + Blockchain 2.0. The motto represents the idea of the XClouds being fluid, and moving between the main net and the X net; or rather moving from USD, the earths currency, to XClouds, the currency of this Mesh network.  Clouds are free, out of grasp from earth and sea. This signifies the other key idea of the coin, appealing immediately to those who would associate the coin with Blockchain 2.0 protocol. XClouds sounds down right gnarly.

This completes the presentation.

Czech that Signature Smiley

Infinity Bump

Might be a good idea, anything unique to search google easier and especially for the android wallet in the forseable future
sr. member
Activity: 252
Merit: 250
Yeah...That's the opposite of a pump...That is a whale shitting on the coin price to keep it down...for accumulation of course... Grin

They have been doing it successfully for almost 2 days now.  If only I had 50BTC laying around......
full member
Activity: 135
Merit: 100
Yeah...That's the opposite of a pump...That is a whale shitting on the coin price to keep it down...for accumulation of course... Grin

He was trying to push it down into the 15's... that was short lived.  Grin
full member
Activity: 126
Merit: 100
XC
Yeah...That's the opposite of a pump...That is a whale shitting on the coin price to keep it down...for accumulation of course... Grin

+1

Just hold your XC
full member
Activity: 491
Merit: 100
Yeah...That's the opposite of a pump...That is a whale shitting on the coin price to keep it down...for accumulation of course... Grin
full member
Activity: 135
Merit: 100
Big pump beginning on Mintpal - get in now!

are you kidding me ?

He's slightly confused. Don't mind him.

Edit:  Grin
newbie
Activity: 56
Merit: 0
Big pump beginning on Mintpal - get in now!

are you kidding me ?
Big pump beginning on M?
where?
full member
Activity: 135
Merit: 100
Someone playing with the market...buy it while you can...


Saw someone's wall at .00160004. Thanks for the cheap coinage SmileySmiley
sr. member
Activity: 364
Merit: 256
Big pump beginning on Mintpal - get in now!

are you kidding me ?
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