[XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos - page 1569.

mr_random

legendary

Activity: 1344

Merit: 1001

DRK approach vs XC approach

DRK

Imagine if you will that you had a message and you wanted to send it to a friend. Delivering this message is the highest priority of your life and no other person can find out where this message came from.
The standard method used by most coins would require that there are web servers (see above image), “judges” if you will that will be the point of contact between you and your friend. They may pass the message among themselves and or with other individuals until they finally transmit the message to its destination, which will be your friend.

XC approach

The alternative approach to the crowds method is the dual path method. XC has implemented this within its wallet POS feature. This method benefits from the lack of need for a node as each individual is treated independently (see above image). It is fully decentralized and anonymous.

If we were to render the same situation of needing to send a message to a friend using this method instead we would get a completely different scenario.
In this case the request is bounced around independent individuals at random intervals until it has reached you. You would then send your message using the same method although in this case it will follow a completely different path. This means that there is no way of actually telling who the requester or the sender was. There are no nodes or “judges” and each individual will only need to decide the next movement. A complete free form of requesting and sending data.

Its approach to a complete anonymous POS wallet that not only is private but at the same time: its much faster at dealing with network changes, node drops and overall handling of data compared to the crowds approach mentioned above.

XC is also encrypted. And the dev is also working on blockchain v 2.0 later on with encrypted messaging, peer to peer exchange. And to the people spreading lies, the developer is here on linkedin and mentions XC on his page: http://www.linkedin.com/pub/dan-metcalf/12/1a8/b82

insanedumps

member

Activity: 84

Merit: 10

DRK hammered 0.022 to 0.016

manipulation everywhere

CryptoBull

sr. member

Activity: 336

Merit: 250

hi there guys can you help me my wallet isnt sync from 2 days Sad

is there an update sorry for the question but im working day and night shifts and i can't keep in track sometimes Undecided

fearcoka

legendary

Activity: 1008

Merit: 1000

Quote from: provenceday on May 29, 2014, 11:42:41 PM

Quote from: ebliever on May 29, 2014, 11:37:42 PM

Can I make a request? FUD-trolls at Poloniex keep claiming that user "loljosh" is the XC-dev. Can we get a solid response on that from the XC dev that we can quote/cite to squash them as needed?

yes, here:

Quote from: provenceday on May 29, 2014, 11:02:25 PM

Quote from: provenceday on May 29, 2014, 10:33:17 PM

No more FUD Please guys
XC dev,

XC approachInside XC Coin
When we researched XC further we came to see that the technology used allows for anonymous POS wallet and its minting technology was something well worth mentioning.

Crowds vs Dual Path

Crowds

Imagine if you will that you had a message and you wanted to send it to a friend. Delivering this message is the highest priority of your life and no other person can find out where this message came from.
The standard method used by most coins would require that there are web servers (see above image), “judges” if you will that will be the point of contact between you and your friend. They may pass the message among themselves and or with other individuals until they finally transmit the message to its destination, which will be your friend.
Dual Path

The alternative approach to the crowds method is the dual path method. X11 coin has implemented this within its wallet POS feature. This method benefits from the lack of need for a node as each individual is treated independently (see above image). It is fully decentralized and anonymous.
If we were to render the same situation of needing to send a message to a friend using this method instead we would get a completely different scenario.
In this case the request is bounced around independent individuals at random intervals until it has reached you. You would then send your message using the same method although in this case it will follow a completely different path. This means that there is no way of actually telling who the requester or the sender was. There are no nodes or “judges” and each individual will only need to decide the next movement. A complete free form of requesting and sending data.

XC – The future of e-currency anonymity coin

After looking at this coin we can see that there are a great deal of benefits that surround this coin. Its approach to a complete anonymous POS wallet that not only is private but at the same time: its much faster at dealing with network changes, node drops and overall handling of data compared to the crowds approach mentioned above. XC has proven to be something special, and is to shine above other fading other normal x11 coins.

Bumping this.

JakeThePanda

hero member

Activity: 644

Merit: 500

Quote from: maxsinner on May 30, 2014, 09:09:42 AM

I think the rate should be raised to around 5%-7% so that more people take their coins off exchanges and stake them. This will lead to:

1. Reduced sell pressure.
2. Faster and more secure network.

Could possibly lead to:

1. People having more incentive to buy the coin.

There is no extra incentive to buy a coin because PoS is higher. If this was true, then the price of coins with 10%+ PoS would be skyrocketing. And that's not happening. Also, higher PoS increases sell pressure because supply increases.

myelbow4

full member

Activity: 126

Merit: 100

Ascent back to .005 has begun.

520Bit

sr. member

Activity: 602

Merit: 252

Quote from: maxsinner on May 30, 2014, 08:57:42 AM

Quote from: CryptoGretzky on May 30, 2014, 08:55:38 AM

Quote from: saberu on May 30, 2014, 08:46:17 AM

Quote from: creamynebula on May 30, 2014, 08:41:17 AM

Is staking working fine? I'm using v0.9.1.5x11-coin-1.0 (05-28-2014rc1), wallet unlocked and saying I am minting, always with expect time to reward between a few hours or some minutes, yet I never received any stake in these nearly 2 days

Same here I have been staking 8 hours a day for the past week and still no coins, staking with almost 15k coins (over half my coins).

Someone said it can take some people up to two weeks to start staking, I am going to just leave it staking 24 hourse day and if nothing happens in three days I will just put the coins in Cryptsy. I can make more shorting the market than from staking at the moment.

It's working for sure:

With your amount of coins, no surprise

People need to understand that having a few coins at 3.3% yearly reward, will not be bringing in XC rewards fast.

Wondering how long did you hold your XCs? More than 8 days?

Grifftech

newbie

Activity: 56

Merit: 0

Quote from: goochie on May 30, 2014, 09:09:20 AM

https://i.imgur.com/7uNNAAH.png

Definitely like the design of the XC, maybe the colors are too aquatic. I like the idea of more metallic, industrial related colors. Gives it a sense of strength and stability. But still a great design

creamynebula

full member

Activity: 173

Merit: 100

Thank you and the other two who replied

Quote from: 520Bit on May 30, 2014, 08:50:08 AM

Quote from: creamynebula on May 30, 2014, 08:41:17 AM

Is staking working fine? I'm using v0.9.1.5x11-coin-1.0 (05-28-2014rc1), wallet unlocked and saying I am minting, always with expect time to reward between a few hours or some minutes, yet I never received any stake in these nearly 2 days

Here is the latest wallet, please see the first page:

http://xc-official.com/release/xc-release.rar

maxsinner

sr. member

Activity: 336

Merit: 250

I think the rate should be raised to around 5%-7% so that more people take their coins off exchanges and stake them. This will lead to:

1. Reduced sell pressure.
2. Faster and more secure network.

Could possibly lead to:

1. People having more incentive to buy the coin.

goochie

newbie

Activity: 12

Merit: 0

https://i.imgur.com/7uNNAAH.png

JakeThePanda

hero member

Activity: 644

Merit: 500

Quote from: maxsinner on May 30, 2014, 09:00:35 AM

Quote from: JakeThePanda on May 30, 2014, 08:58:25 AM

Quote from: maxsinner on May 30, 2014, 08:56:14 AM

Quote from: evtrmm on May 30, 2014, 08:54:44 AM

Quote from: binkshurts on May 30, 2014, 08:48:15 AM

Quote from: maxsinner on May 30, 2014, 08:47:00 AM

Quote from: fearcoka on May 30, 2014, 08:45:30 AM

As one of the large investors here I would like to point out that I find the 3.33% yearly is way too low.

My investments in "real life" bring my 9% yearly.

Just a thought.

You are going to profit more from the rise in price than from the PoS reward, however my concern with the 3.33% is that it's not enough incentive for people to keep their wallets open which is BAD for a PoS coin.

I think it will be relative to the price of 1 XC.

Quote from: flipboxx on May 30, 2014, 08:51:50 AM

Quote from: fearcoka on May 30, 2014, 08:48:09 AM

Quote from: maxsinner on May 30, 2014, 08:47:00 AM

Quote from: fearcoka on May 30, 2014, 08:45:30 AM

As one of the large investors here I would like to point out that I find the 3.33% yearly is way too low.

My investments in "real life" bring my 9% yearly.

Just a thought.

You are going to profit more from the rise in price than from the PoS reward, however my concern with the 3.33% is that it's not enough incentive for people to keep their wallets open which is BAD for a PoS coin.

Exactly my point, why would i hold my coins at 3.33% when i can cash out and invest at 9% safely

On the other hand: If it would be 10 % or more, XC would need continuous very high buying pressure to keep prices at least stable.
When you are looking for safe investments I don't know why you are in Crypto's anyway. Every single investment in Cryptos is very risky - you can gain 2000 % one day and loose everything on the next.

+ XC is raising more than 10% daily (except the last two days) - why would you miss this profit?

Also remember that when the Xnode has been added to the wallet that you will also collect transaction fees.

That is true as well, but we need 1000 XC for an xnode and not 100, so we take more coins out of the supply.

The argument for raising the rate doesn't make sense. It's not interest, you are just getting your share of the emission. If a high PoS rate is what you are looking for then just pick any crap coin that gives you 10%+.

There are arguments to be made for both sides. As I said my biggest concern is slow and insecure network due to people not staking and/or keeping their coins on exchanges.

The argument just presented for raising the rate is because there is a misconception about what PoS really is. That makes it a bad argument. Now, if you think the rate should be raised because people don't really understand PoS and they think a higher rate means more profit, then I guess that's a different argument.

Grifftech

newbie

Activity: 56

Merit: 0

Quote from: maxsinner on May 30, 2014, 07:18:32 AM

On a side note, what is wrong with all these logo submissions? I have seen much better entries for shitcoins like Coin2 and HuskyCoin Sad

I would expect similar quallity:

https://ip.bitcointalk.org/?u=http%3A%2F%2Fi57.tinypic.com%2F2mmtgmt.jpg&t=540&c=OVTKEakgaugHHw

then submit one yourself instead of complaining.

fearcoka

legendary

Activity: 1008

Merit: 1000

Im not trying to bring the interest % up.

Im trying to see if theres a solution so that more people dont trade their coins and short XC in the market