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Topic: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos - page 346. (Read 1484189 times)

newbie
Activity: 5
Merit: 0
This coinjoin killer, was it an announcement that it is going to be developed (meaning it will take a few weeks before we can see it in action), or has it been finished? If finished, can I try it already? It's a bit unclear, can someone please clarify?

Yea its finished I believe a 2nd RC has even been pushed out since... just scour back a few pages for the download link
So are people trying it/testing it? Is there a place where I can read test reports, and where people can post issues if necessary (or provide feedback)? I just checked out xctalk.com, but there is not that much activity. I need something like this to get a feel for how good the system works. Right now, it feels a bit like investing in the dark, which is fine for a smaller coin, but market cap of XC is quite high already so it needs more justification for a big investment. I put in 5 BTC this afternoon, but I need some more feel for the general consensus to be able to put in more money.

It looks like the coinjoin killer is still on the roadmap.

It's at the point now where if Dan says he is going to make something and it will work, people just believe and begin using it. Crypto Jesus
newbie
Activity: 43
Merit: 0
do you have to disable staking to run the mixer? or when you run the client with the mixer command does that disable staking?


Just running with -distmix-autonode and having a completely unlocked wallet (not just for staking) are all the XC settings you should have to touch.

Thank you for clearing that up.
hero member
Activity: 530
Merit: 500
This coinjoin killer, was it an announcement that it is going to be developed (meaning it will take a few weeks before we can see it in action), or has it been finished? If finished, can I try it already? It's a bit unclear, can someone please clarify?

Yea its finished I believe a 2nd RC has even been pushed out since... just scour back a few pages for the download link
So are people trying it/testing it? Is there a place where I can read test reports, and where people can post issues if necessary (or provide feedback)? I just checked out xctalk.com, but there is not that much activity. I need something like this to get a feel for how good the system works. Right now, it feels a bit like investing in the dark, which is fine for a smaller coin, but market cap of XC is quite high already so it needs more justification for a big investment. I put in 5 BTC this afternoon, but I need some more feel for the general consensus to be able to put in more money.
full member
Activity: 210
Merit: 100
Crypto Currency Supporter
This coinjoin killer, was it an announcement that it is going to be developed (meaning it will take a few weeks before we can see it in action), or has it been finished? If finished, can I try it already? It's a bit unclear, can someone please clarify?

Yea its finished I believe a 2nd RC has even been pushed out since... just scour back a few pages for the download link

a teaser has been given in the forums and it will be analysed tomorrow at a press release with the paid PR and mintpal 2.0 launch, if I recall correctly
hero member
Activity: 530
Merit: 500
This coinjoin killer, was it an announcement that it is going to be developed (meaning it will take a few weeks before we can see it in action), or has it been finished? If finished, can I try it already? It's a bit unclear, can someone please clarify?
member
Activity: 109
Merit: 10
In Crypto We Verify
do you have to disable staking to run the mixer? or when you run the client with the mixer command does that disable staking?


Just running with -distmix-autonode and having a completely unlocked wallet (not just for staking) are all the XC settings you should have to touch.
newbie
Activity: 43
Merit: 0
do you have to disable staking to run the mixer? or when you run the client with the mixer command does that disable staking?
member
Activity: 109
Merit: 10
In Crypto We Verify
Check it out, My first successful XMIXED transaction! This is what happened to a 250XC block after the transaction a net gain of 0.00019  Grin

sr. member
Activity: 364
Merit: 250

Thanks a lot for this mate and sorry for my late reply.
Would having non-paying nodes forward transactions even be possible?

Sure. Thanks for all the good questions! Quality discourse does everyone a favour.

A non-paying node would have no payment to submit to the mesh, and thus there would be no basis for it to be included in the transaction.



Snipped most of the convo but wanted to thank you both, this is great info and helpful for everyone to understand how Xmixers and transactions work.
legendary
Activity: 1190
Merit: 1000
To commodify ethicality is to ethicise the market
Hey,

Thanks for the response Smiley. Yeah I've read that doc (multiple times) and basically I just want to know the detailed process of what happens to "private payments". What I need confirming is:

  • "There might not be enough nodes making private payments at a given time, causing transactions to wait or be cancelled". This leads me to believe that ONLY nodes (node being, online wallet client) making private payments at the same time as you (and XMixers) are involved in forwarding the fragments? Or is every node involved? This definitely needs confirming first and foremost.

Yes, if a user isn't sending XC at a given time then his/her Xnode will not participate in a private transaction.
But if a user runs an Xmixer it will be available to participate whenever there aren't enough normal Xnodes for a given transaction.

Quote
  • When you send a private payment, what happens to it? Is it broken down in to smaller fragments (how many exactly, a random number depending on the size of the TX or what?) and sent to other online wallets (whose balances cover the size of the fragment of course I assume).
Yes when you send a private payment, it is broken into fragments, which are each sent to other Xnodes (or Xmixers if necessary).
The algorithm for fragmenting randomises the fragment size and the number of fragments.
The balances of Xnodes mixing a transaction will need to be greater than or equal to the sum of some (not all) other fragments in the transaction.

Quote
Then when a node (online wallet) receives a fragment, what happens there?: [/li][/list]
- Do the coins contained in that fragment get "tumbled" with the wallet balance of the node, or just get forwarded to another node?

Neither actually. The mixing is a lot more sophisticated.
- It's roughly a group_sig transaction as implemented in Coinshuffle. Check that out.
- The transaction is between participating nodes, so each node doesn't act on its own.
- When a node initiates a payment, the fragments it creates aren't necessarily part of the same transaction. Each fragment can be on a completely different mixing transaction.
- The forwarding node doesn't get just the fragment; it gets the whole transaction.
- Therefore it doesn't even know which fragment belongs to who, and how much each fragment is.
- It checks the transaction to make sure it includes its own fragment, signs the transaction, and the whole thing goes ahead.
- If any node doesn't sign, the mesh network resyncs (which happens continually btw) and carries on.

Quote
- When the fragment gets forwarded (from the node) to another node, does one fragment get sent to one node or does each fragment get further broken down in to multiple (how many?) smaller fragments which get sent to multiple (how many) other nodes? Basically, does it only split in to fragments when it comes from the sender, or does each node further split it in to smaller fragments?

Each node making a payment will fragment that payment.
This means nodes forwarding fragments are also making their own payments (in fragments).
There's no way of distinguishing between a node's own fragments and the fragments it's forwarding.


Quote
- How many times does this process happen?
 * Does each fragment pass through a specific number of nodes or a random number until it finds its destination?
 * Is there a minimum number of nodes a fragment has to pass through?

I'm not sure on this point, but I think a single pass is all that's necessary.

Quote
  • XMixer: I'm assuming only large payments get sent through the XMixer (how large does it have to be to go through there? Does this depend on the size of the currently online nodes wallets compared to the TX size? Or is it "anything above [insertsizehere] goes through mixer?) I'm assuming larger payments get sent to the mixer in order to get broken down in to many small fragments for the nodes to handle? Or do transactions large enough for the mixer simply go "sender > Mixer(tumble) > Receiver"?

Small transactions will end up going through an Xmixer if, at a given time, other Xnodes aren't transacting.
The Xnodes themselves do the fragmenting, not just Xmixers.
Xmixers therefore only receive fragments.
This means that Xmixers (and Xnodes when they forward a tx) won't see large transactions as distinct from small ones. It's all the same to them.


Quote
I could go on and on making assumptions and asking questions here mate.

I won't part with my money if I don't understand how the system works.  

If there's some info or a document somewhere I've totally missed please forgive me.

If not, looking forward to hearing how this thing really works.


That's a respectable position, and a low-risk one.

We're going to publish a full scholarly exposition of XC's tech in due course (i.e. probably around Rev 3 when we launch publicly).

Those who think XC is worth investing in now will stand to gain more when it succeeds.



Thanks a lot for this mate and sorry for my late reply.
Would having non-paying nodes forward transactions even be possible?

Sure. Thanks for all the good questions! Quality discourse does everyone a favour.

A non-paying node would have no payment to submit to the mesh, and thus there would be no basis for it to be included in the transaction.

legendary
Activity: 1344
Merit: 1001
Signs In The Last 24 Hours That XC Is Gaining Recognition and Word Is Spreading

1. Bitcoin magazine tweeted about XC



This is a huge win for us marketing wise. Even better is the actual content of the tweet.

2. Zerovalue has tipped us as a potential winner



This is just the kind of site we want spreading the word about XC - to people with an interest in financial investments.

3. Kristov Atlas, researcher of Bitcoin and privacy is interested in XC




4. New posters trickling into the XC topic. I'm even seeing diehard DRK posters asking questions here. Interest in our revolutionary new tech is flourishing.

----------------------------------------------------------------------------------------------------------------------------

Other things:

- Paid press release coming out soon to celebrate the good news
- Price is trending upwards nicely which attracts new people to our community
- Tons more development and projects to look forward to e.g. web 3.0 blockchain based content delivery
- Don't forget to join the newly announced multipool http://xcpool.xcurrency.co/
full member
Activity: 196
Merit: 100
wtf I was just going to buy a few BTC worth of XC as a hedge for another anonymous currency (will not name it), but then I noticed massive sell orders (on both Crypstsy and Mintpal). Is something going on? Is it safe to buy now?

Bit late to this discussion, but I think those will disappear. There was at least 25btc up to 175 earlier today. With the news actually being majorly spread *tomorrow* those walls are toast.
sr. member
Activity: 364
Merit: 250
sr. member
Activity: 339
Merit: 250
Look at all those weak hands selling because it went from 14k to 17/18K

You will be sorry.

sr. member
Activity: 478
Merit: 250
Seriously, go look for yourself. I'm actually going to buy 5 BTC of XC so give me a break. I support XC.

Your idea of "massive"...   is kinda small...
Ok screw it, I'll eat the 8 BTC sell order on cryptsy for the biggest part

Good to have you here, this is only the beginning.

+1
sr. member
Activity: 364
Merit: 250
Seriously, go look for yourself. I'm actually going to buy 5 BTC of XC so give me a break. I support XC.

Your idea of "massive"...   is kinda small...
Ok screw it, I'll eat the 8 BTC sell order on cryptsy for the biggest part

Good to have you here, this is only the beginning.
legendary
Activity: 2002
Merit: 1040
XC- "Buy the rumor, Buy the news"  Cool
hero member
Activity: 518
Merit: 500
Seriously, go look for yourself. I'm actually going to buy 5 BTC of XC so give me a break. I support XC.

Your idea of "massive"...   is kinda small...
Ok screw it, I'll eat the 8 BTC sell order on cryptsy for the biggest part

Notice that XC broke the rule, "buy the rumor, sell the news."  

Final REV2 was released 24 hours ago = rule broken.  XC should be a top 10 marketcap coin and has been grossly undervalued & accumulated for nearly 3 months.  Expect a big move.  

+1 Could not have put it better mate... The patient, strong hands are now being rewarded....
hero member
Activity: 616
Merit: 500
Seriously, go look for yourself. I'm actually going to buy 5 BTC of XC so give me a break. I support XC.

Your idea of "massive"...   is kinda small...
Ok screw it, I'll eat the 8 BTC sell order on cryptsy for the biggest part

Notice that XC broke the rule, "buy the rumor, sell the news."  

Final REV2 was released 24 hours ago = rule broken.  XC should be a top 10 marketcap coin and has been grossly undervalued & accumulated for nearly 3 months.  Expect a big move.  
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