The level of discussion in this thread since the last announcement is blowing up my mind and I can barely follow...ahahahahha
One question that I have is how XC inc will be threated legally. I mean if it is an official company where other companies needs to go trough to develop services on top of the Xc network it will need to have a legal status hence VAT etc...
Topic: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos - page 281. (Read 1484189 times)
September 24, 2014, 08:10:36 AM
September 24, 2014, 08:08:26 AM
Our digital relationships 
breaking down boarders
breaking down boardersSo after XC's tech matures, how about we replace governments with this?
It'll scale from grassroots, anywhere, run on phones, and due to its privacy there'll be no way of stopping it.
It could help for the fight against state violence targeting victimless crime.
September 24, 2014, 08:06:57 AM
Our digital relationships breaking down boarders
breaking down boardersSo after XC's tech matures, how about we replace governments with this?
It'll scale from grassroots, anywhere, run on phones, and due to its privacy there'll be no way of stopping it.
September 24, 2014, 08:03:51 AM
Our digital relationships breaking down boarders
breaking down boarders September 24, 2014, 07:59:36 AM
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Indeed. There's definitely a place for this.
I'd love to chat further about how you'd design a system like this, especially concerning the following:
- would reputation be a one-attribute score? (good for simplicity and comparability)
- or would reputation have open-ended attributes (good for distinguishing between, say, a person with a good reputation for fixing your toilet and a person good for lending you money)
- how do you prevent Sybil attacks? (i.e. one person setting up multiple digital personas)
- how do you prevent lobby groups / vested interests from gaming the system by dominating ill-publicised issues?
People can setup several personas. The identity is not tied to the physical flesh but to a debit account that can be fined at contract breach. The fine could be 10% of the contract or could be affected by milestone to lower risks. This debit account could be a fixed address with crypto and to that address you could tie reputation. Reputation could be measured in satisfied customers.
If several personas are required to complete a task they can be bundled together by allocation rules, Lorenz - Shapley - t- - Aumann - Friedman/Moulin... and more.
This platform could be called XContract.
So your idea is to commodify relationships in general.
This is the brilliant, inevitable, capitalism-revolutionising sort of innovation that will fundamentally change the implications of the word "commodify".
P.S. My sig hints at this point. ;-)
September 24, 2014, 07:55:33 AM
-
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Indeed. There's definitely a place for this.
I'd love to chat further about how you'd design a system like this, especially concerning the following:
- would reputation be a one-attribute score? (good for simplicity and comparability)
- or would reputation have open-ended attributes (good for distinguishing between, say, a person with a good reputation for fixing your toilet and a person good for lending you money)
- how do you prevent Sybil attacks? (i.e. one person setting up multiple digital personas)
- how do you prevent lobby groups / vested interests from gaming the system by dominating ill-publicised issues?
People can setup several personas. The identity is not tied to the physical flesh but to a debit account that can be fined at contract breach. The fine could be 10% of the contract or could be affected by milestone to lower risks. This debit account could be a fixed address with crypto and to that address you could tie reputation. Reputation could be measured in satisfied customers.
If several personas are required to complete a task they can be bundled together by allocation rules, Lorenz - Shapley - t- - Aumann - Friedman/Moulin... and more.
This platform could be called XContract.
http://books.google.dk/books?id=a98CSGNwya8C&pg=PA108&lpg=PA108&dq=friedman+moulin&source=bl&ots=r-9nXiusVh&sig=5ITq1ibK9_Obw82cz-NVFAEARJs&hl=en&sa=X&ei=8bEiVMWsM6fiywOv84GgBQ&ved=0CCkQ6AEwAQ#v=onepage&q=friedman%20moulin&f=false Link to Allocation Rules
September 24, 2014, 07:43:29 AM
Hey everyone, check out the news page on the official website.
It's starting to read like a feature list from some fantasy crypto-future. Except it's real.
http://xc-official.com/xc-news/
September 24, 2014, 07:40:09 AM
First crypto-currency to create it's own company!
Challenge accepted!
I have a new quest for the team:
What if XC was the first currency to create it's own country, not physically but virtual. A logical/abstract country of which laws of trade and governance could be enabled by cryptology.
A person in this abstract country would be an escrow of currency. This escrow could be fined if trades was not honored. This would give a person identity but without revealing their real identity.
By pre-paying the escrow while perhaps also having a rating system people could build strong integrity anonymous personas.
Ok forget the country part, but please consider the virtual persona escrow system
Challenge accepted!
I have a new quest for the team:
What if XC was the first currency to create it's own country, not physically but virtual. A logical/abstract country of which laws of trade and governance could be enabled by cryptology.
A person in this abstract country would be an escrow of currency. This escrow could be fined if trades was not honored. This would give a person identity but without revealing their real identity.
By pre-paying the escrow while perhaps also having a rating system people could build strong integrity anonymous personas.
Ok forget the country part, but please consider the virtual persona escrow system
Actually I would like the idea of a country to accept XC as it's national currency.
i would rather like the idea of abandoning the thought of national currencys and allowing a free market for currency.
Virtual persona escrow would be an enabler of this. It would diminish the need of ruling state as disputes could be solved by logic rather than force. Think about what role a country really plays if you remove all the socialist redistribution of wealth, it enforces rule of law.
By creating a platform with rule of law we could see different escrow systems compete along side different currencies. But what this crypto-curency universe needs more than anything is accountability.
Imagine if in the future someone wants to create a new alt-coin to support their great idea. They know that with no accountability they will be exploited by pump and dumpers. If there was an advanced escrow system perhaps run on XCplatform backed by XCurrency they could prove their intent of sincerity and maybe do lock-ins of buys for a period to control the initial pump and dump.
This sort of thinking is absolutely necessary to the future of crypto. And if cryptocurrencies start replacing fiat ones, it'll be absolutely necessary for societies to function.
After all, who'll fix the roads when the government has no more authority over its people, who now all transact privately and virtually?
Dungor are you familiar with trustless escrow? Distributed prediction markets enable this.
It could be a whole lot more elegant than the reputation-based ideas that generally are proposed.
I think we need both. They have different applications with overlap. Where I see the need for a digital persona is empowering the innocent people in 3rd world countries taken hostage by trade embargo, tax walls and banking. If you have nothing but a pc and internet how can you be employed for digital work?
You need a digital persona that is more than a linkedin profile and a BTC wallet, XC could create such a tool.
It would empower those that want and can regardless of where they were born.
The great inequality in this world is that lazy people in rich countries have more than hardworking smart people in poor countries.
Indeed. There's definitely a place for this.
I'd love to chat further about how you'd design a system like this, especially concerning the following:
- would reputation be a one-attribute score? (good for simplicity and comparability)
- or would reputation have open-ended attributes (good for distinguishing between, say, a person with a good reputation for fixing your toilet and a person good for lending you money)
- how do you prevent Sybil attacks? (i.e. one person setting up multiple digital personas)
- how do you prevent lobby groups / vested interests from gaming the system by dominating ill-publicised issues?
September 24, 2014, 07:36:14 AM
Big news :
http://www.cryptoarticles.com/crypto-news/xcurrency-prepares-to-launch-with-an-ito-and-bullet-proofing-measures
Share share
http://www.cryptoarticles.com/crypto-news/xcurrency-prepares-to-launch-with-an-ito-and-bullet-proofing-measures
Share share
"After months of intensive development, XCurrency is in preparation to “bulletproof” its code, which will be through consultation with other security experts, specialist reviews, and public bounties for anyone who can provably break XC’s privacy. XCurrency is additionally preparing to launch publicly, which will enable it to commence commercial operations for its web 3.0 distributed content server, support in-app XC purchases, and a host of other blockchain 2.0 features. XCurrency’s launch will include an ITO (initial token offering), giving the public an opportunity to own shares in XC."
Excellent news
September 24, 2014, 07:34:28 AM
First crypto-currency to create it's own company!
Challenge accepted!
I have a new quest for the team:
What if XC was the first currency to create it's own country, not physically but virtual. A logical/abstract country of which laws of trade and governance could be enabled by cryptology.
A person in this abstract country would be an escrow of currency. This escrow could be fined if trades was not honored. This would give a person identity but without revealing their real identity.
By pre-paying the escrow while perhaps also having a rating system people could build strong integrity anonymous personas.
Ok forget the country part, but please consider the virtual persona escrow system
Challenge accepted!
I have a new quest for the team:
What if XC was the first currency to create it's own country, not physically but virtual. A logical/abstract country of which laws of trade and governance could be enabled by cryptology.
A person in this abstract country would be an escrow of currency. This escrow could be fined if trades was not honored. This would give a person identity but without revealing their real identity.
By pre-paying the escrow while perhaps also having a rating system people could build strong integrity anonymous personas.
Ok forget the country part, but please consider the virtual persona escrow system
Actually I would like the idea of a country to accept XC as it's national currency.
i would rather like the idea of abandoning the thought of national currencys and allowing a free market for currency.
Virtual persona escrow would be an enabler of this. It would diminish the need of ruling state as disputes could be solved by logic rather than force. Think about what role a country really plays if you remove all the socialist redistribution of wealth, it enforces rule of law.
By creating a platform with rule of law we could see different escrow systems compete along side different currencies. But what this crypto-curency universe needs more than anything is accountability.
Imagine if in the future someone wants to create a new alt-coin to support their great idea. They know that with no accountability they will be exploited by pump and dumpers. If there was an advanced escrow system perhaps run on XCplatform backed by XCurrency they could prove their intent of sincerity and maybe do lock-ins of buys for a period to control the initial pump and dump.
This sort of thinking is absolutely necessary to the future of crypto. And if cryptocurrencies start replacing fiat ones, it'll be absolutely necessary for societies to function.
After all, who'll fix the roads when the government has no more authority over its people, who now all transact privately and virtually?
Dungor are you familiar with trustless escrow? Distributed prediction markets enable this.
It could be a whole lot more elegant than the reputation-based ideas that generally are proposed.
I think we need both. They have different applications with overlap. Where I see the need for a digital persona is empowering the innocent people in 3rd world countries taken hostage by trade embargo, tax walls and banking. If you have nothing but a pc and internet how can you be employed for digital work?
You need a digital persona that is more than a linkedin profile and a BTC wallet, XC could create such a tool.
It would empower those that want and can regardless of where they were born.
The great inequality in this world is that lazy people in rich countries have more than hardworking smart people in poor countries.
September 24, 2014, 07:11:53 AM
I am asking a lot of questions tonight, Cannot sleep blame the XC announcements. Ok, so I read an article saying XC wants to decentralize the Internet but big business and government still control the hardware needed to connect the internet together. You still need service providers, correct? Does XC have a method of connecting the nodes together that does not rely on traditional methods?
ok i'm done, gn
Added this link, ignore the software scroll to bottom and look at Meshnet
http://bitcoinmagazine.com/15919/completely-decentralize-internet/
ok i'm done, gn
Added this link, ignore the software scroll to bottom and look at Meshnet
http://bitcoinmagazine.com/15919/completely-decentralize-internet/
Great read!
btw: Syn you got a 13 day old question from the autor on your comment.
Ha ha. Thanks. Damn, I've been logged into Disqus as Synechist and missed that reply. Oh well...
September 24, 2014, 07:11:16 AM
so rev2.5 is coming? third party review is also coming?
Yup :-)
September 24, 2014, 07:07:16 AM
I am asking a lot of questions tonight, Cannot sleep blame the XC announcements. Ok, so I read an article saying XC wants to decentralize the Internet but big business and government still control the hardware needed to connect the internet together. You still need service providers, correct? Does XC have a method of connecting the nodes together that does not rely on traditional methods?
ok i'm done, gn
Added this link, ignore the software scroll to bottom and look at Meshnet
http://bitcoinmagazine.com/15919/completely-decentralize-internet/
ok i'm done, gn
Added this link, ignore the software scroll to bottom and look at Meshnet
http://bitcoinmagazine.com/15919/completely-decentralize-internet/
Great read!
btw: Syn you got a 13 day old question from the autor on your comment.
September 24, 2014, 07:02:55 AM
so rev2.5 is coming? third party review is also coming?
September 24, 2014, 06:12:43 AM
September 24, 2014, 06:03:43 AM
First crypto-currency to create it's own company!
Challenge accepted!
I have a new quest for the team:
What if XC was the first currency to create it's own country, not physically but virtual. A logical/abstract country of which laws of trade and governance could be enabled by cryptology.
A person in this abstract country would be an escrow of currency. This escrow could be fined if trades was not honored. This would give a person identity but without revealing their real identity.
By pre-paying the escrow while perhaps also having a rating system people could build strong integrity anonymous personas.
Ok forget the country part, but please consider the virtual persona escrow system
Challenge accepted!
I have a new quest for the team:
What if XC was the first currency to create it's own country, not physically but virtual. A logical/abstract country of which laws of trade and governance could be enabled by cryptology.
A person in this abstract country would be an escrow of currency. This escrow could be fined if trades was not honored. This would give a person identity but without revealing their real identity.
By pre-paying the escrow while perhaps also having a rating system people could build strong integrity anonymous personas.
Ok forget the country part, but please consider the virtual persona escrow system
Actually I would like the idea of a country to accept XC as it's national currency.
i would rather like the idea of abandoning the thought of national currencys and allowing a free market for currency.
Virtual persona escrow would be an enabler of this. It would diminish the need of ruling state as disputes could be solved by logic rather than force. Think about what role a country really plays if you remove all the socialist redistribution of wealth, it enforces rule of law.
By creating a platform with rule of law we could see different escrow systems compete along side different currencies. But what this crypto-curency universe needs more than anything is accountability.
Imagine if in the future someone wants to create a new alt-coin to support their great idea. They know that with no accountability they will be exploited by pump and dumpers. If there was an advanced escrow system perhaps run on XCplatform backed by XCurrency they could prove their intent of sincerity and maybe do lock-ins of buys for a period to control the initial pump and dump.
This sort of thinking is absolutely necessary to the future of crypto. And if cryptocurrencies start replacing fiat ones, it'll be absolutely necessary for societies to function.
After all, who'll fix the roads when the government has no more authority over its people, who now all transact privately and virtually?
Dungor are you familiar with trustless escrow? Distributed prediction markets enable this.
It could be a whole lot more elegant than the reputation-based ideas that generally are proposed.
September 24, 2014, 06:00:57 AM
To avoid dumping its a matter of sequence.
1. First do your internal share offering for the holders of XC currency where they are 'given' shares based on how many XC they hold. Close off 1.
2. Then allow the wider community to purchase shares using XC currency only - you could recycle the currency almost straight back to market to avoid price exploding beyond what is sustainable.
3. Then allow the wider community to purchase shares using any currency.
This should give a softer landing for XC. IMHO I would skip 3 and only do 1 & 2, much better for everyone.
1. First do your internal share offering for the holders of XC currency where they are 'given' shares based on how many XC they hold. Close off 1.
2. Then allow the wider community to purchase shares using XC currency only - you could recycle the currency almost straight back to market to avoid price exploding beyond what is sustainable.
3. Then allow the wider community to purchase shares using any currency.
This should give a softer landing for XC. IMHO I would skip 3 and only do 1 & 2, much better for everyone.
I really like this idea.
September 24, 2014, 06:00:14 AM
Big news :
http://www.cryptoarticles.com/crypto-news/xcurrency-prepares-to-launch-with-an-ito-and-bullet-proofing-measures
Share share
http://www.cryptoarticles.com/crypto-news/xcurrency-prepares-to-launch-with-an-ito-and-bullet-proofing-measures
Share share
Thank you! Onto it.
September 24, 2014, 05:59:56 AM
Morning all
Due to all the good questions asked in this thread, the press release sent out to the media this morning has the following clarification about the role of XC the currency and XC Inc:
There is a clear distinction between the value of XC the currency and XC Inc. The former is determined by factors like public adoption, its usefulness in ensuring privacy, and its open source code. The latter is determined by XC’s ability to consistently create ground-breaking technology for a market that is awakening to the need for personal privacy. Therefore there is good reason to abstract the value of XC Inc. from XC the currency. Having separate tokens to signify, on the one hand, an open source currency, and on the other a company that creates apps and services upon it, will clarify a relationship hitherto relatively opaque. XC Inc. will have no direct control over XCurrency’s code, but it will continue to extend its features and produce its reference software.
Due to all the good questions asked in this thread, the press release sent out to the media this morning has the following clarification about the role of XC the currency and XC Inc:
There is a clear distinction between the value of XC the currency and XC Inc. The former is determined by factors like public adoption, its usefulness in ensuring privacy, and its open source code. The latter is determined by XC’s ability to consistently create ground-breaking technology for a market that is awakening to the need for personal privacy. Therefore there is good reason to abstract the value of XC Inc. from XC the currency. Having separate tokens to signify, on the one hand, an open source currency, and on the other a company that creates apps and services upon it, will clarify a relationship hitherto relatively opaque. XC Inc. will have no direct control over XCurrency’s code, but it will continue to extend its features and produce its reference software.
September 24, 2014, 05:59:09 AM
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