[XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos - page 556.

battbot

hero member

Activity: 616

Merit: 500

Quote from: Abrupto on August 15, 2014, 02:16:38 PM

Quote from: G-Bert on August 15, 2014, 02:14:47 PM

oi oi... back up to 162

Sweet, performing better than btc. And let's not forget there should be a white paper coming soon!

Either today, tomorrow, or Sunday! Grin

A whitepaper is something XC desperately needs... especially with coins like mammoth and supercoin claiming to soon have the first decentralized trustless anon solution (that uses multisig).

XC has had this already available for over a month.

Abrupto

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Activity: 84

Merit: 10

Quote from: G-Bert on August 15, 2014, 02:14:47 PM

oi oi... back up to 162

Sweet, performing better than btc. And let's not forget there should be a white paper coming soon!

Artoodeetoo

hero member

Activity: 518

Merit: 500

guys this what to do if an exchange is hacked is such a hypothetical.. I leave 25% of my coins on the xchange just in case there is a mega spike... I guess if the exchange was hacked I would expect them to replace them on the open market (buy them back) or go under....

So I am in favour of a no rollback position.

Im not sure I think ATC has to come out and state that publicly though - as to what he would do... What if there was a technical issue that needed a roll back (I think BTC has been rolled back before)

If ATC comes out and says he will never roll back where does that leave us?

PS looks like the market are finally realising, if you want XC you have to buy it... WE ARE NOT SELLING!

G-Bert

sr. member

Activity: 364

Merit: 250

oi oi... back up to 162

G-Bert

sr. member

Activity: 364

Merit: 250

Quote from: Abrupto on August 15, 2014, 02:02:12 PM

Quote from: G-Bert on August 15, 2014, 12:20:29 PM

Quote from: synechist on August 15, 2014, 10:21:29 AM

Quote from: dannyspk on August 15, 2014, 09:53:42 AM

Damn, it's awfully quiet in here and on the exchange. A friend I recently convinced about XC wants to buy 25 btc worth of XC. Anyone willing to sell otc? Please PM me.

Here's an idea:

- every so often, some of us will want to sell XC to pay salaries, rent, etc.

- why don't we post the amount and asking price here and see if there are any takers?

- if there's a deal, trades can take place on Mintpal, which will keep the volume up.

- and the community will understand the reason for selling rather than being perturbed/outraged at the stupidity of sellers.

P.S. This was Bisky's idea. Thanks Bisky!

P.P.S. This would only make sense to those who want to see the price head upwards but still need to sell some XC.

Good plan

Just have to put my two cents in Wink

This seems counterintuitive to me as we are a privacy first currency and platform. There will be many community members not wanting to disclose that type of information to the public, myself included.

I would presume it wouldn't be compulsory.

Abrupto

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Activity: 84

Merit: 10

Quote from: mr_random on August 15, 2014, 02:01:58 PM

If it's decided by a weighted vote in accordance with how much XC you own, a rollback would never happen.

Lots of the people who kept funds on the exchange would have taken a big hit to their XC reducing their voting power. And the majority of people who were unaffected (50%+) will never vote for the rollback.

Come From Beyond (NXT dev) tried to be subtle with his phrasing but he was pushing for a rollback imo. But the NXT votes via forging were massively against it. I own >1% of NXT and in my position where I could lose a lot of money, would rather see the price take a hit from panic and the thief dumping, then NXT losing all integrity and going on a death spiral and forever suffering FUD.

This is one reason why I think if we ever implement a voting system, the votes are weighted by the amount of XC you own (disclaimer - I own a lot, but I would honestly advance this viewpoint regardless. The same way I was against the Vericoin rollback and posting my thoughts without owning any).

This should be a decision the devs make before there is an attack on xc. Having a weighted vote means centralized control over xcurrency. I personally don't want the wealthiest xc investors making decisions that will affect me financially. If people lose they're xc on exchanges they should be on their own.

Artoodeetoo

hero member

Activity: 518

Merit: 500

Being lazy people, whats coming up next for us Cheesy

Another nice steady day in XC land.... The only problem is im impatient to see how many coins I get on my next stake!

Have a good weekend all....

Abrupto

member

Activity: 84

Merit: 10

Quote from: G-Bert on August 15, 2014, 12:20:29 PM

Quote from: synechist on August 15, 2014, 10:21:29 AM

Quote from: dannyspk on August 15, 2014, 09:53:42 AM

Damn, it's awfully quiet in here and on the exchange. A friend I recently convinced about XC wants to buy 25 btc worth of XC. Anyone willing to sell otc? Please PM me.

Here's an idea:

- every so often, some of us will want to sell XC to pay salaries, rent, etc.

- why don't we post the amount and asking price here and see if there are any takers?

- if there's a deal, trades can take place on Mintpal, which will keep the volume up.

- and the community will understand the reason for selling rather than being perturbed/outraged at the stupidity of sellers.

P.S. This was Bisky's idea. Thanks Bisky!

P.P.S. This would only make sense to those who want to see the price head upwards but still need to sell some XC.

Good plan

Just have to put my two cents in Wink

This seems counterintuitive to me as we are a privacy first currency and platform. There will be many community members not wanting to disclose that type of information to the public, myself included.

We all know the downside to holding xc on exchanges but that's an integral part of crypto and we haven't seen anything yet. As larger investors enter xcurrency there will also be major traders right beside them looking to gain quick profits; even btc hasn't been able to escape this yet. Anyone who gets angry at traders should probably not be in crypto, without them btc would never have hit 1200, a price that garnered international media attention.

My vote is to continue on with private transactions. If someone shows an interest in purchasing xc it can easily be done through xchat or private messaging.

mr_random

legendary

Activity: 1344

Merit: 1001

If it's decided by a weighted vote in accordance with how much XC you own, a rollback would never happen.

Lots of the people who kept funds on the exchange would have taken a big hit to their XC reducing their voting power. And the majority of people who were unaffected (50%+) will never vote for the rollback.

Come From Beyond (NXT dev) tried to be subtle with his phrasing but he was pushing for a rollback imo. But the NXT votes via forging were massively against it. I own >1% of NXT and in my position where I could lose a lot of money, would rather see the price take a hit from panic and the thief dumping, then NXT losing all integrity and going on a death spiral and forever suffering FUD.

This is one reason why I think if we ever implement a voting system, the votes are weighted by the amount of XC you own (disclaimer - I own a lot, but I would honestly advance this viewpoint regardless. The same way I was against the Vericoin rollback and posting my thoughts without owning any).

dadon

legendary

Activity: 1190

Merit: 1002

Pecvniate obedivnt omnia.

Do a roll back if you want to completely fuck up everything that has been done so far...no...then it's settled..no roll back then..great glad we all agree.

shanuu

full member

Activity: 131

Merit: 100

New Beginning!

Quote from: MemoryShock on August 15, 2014, 01:44:26 PM

Quote from: mojun7982 on August 15, 2014, 01:37:01 PM

Quote from: Brilliantrocket on August 15, 2014, 11:55:01 AM

NEVER do a rollback. I can't take any coin that does a rollback seriously, because then you've just elected the dev as your central authority. Why not just use fiat if you're ok with that?

XC will rollback?

I agree with no rollback.

One idea is to embark upon a community PSA describing the dangers of holding on an exchange and reinforcing the reasons for maintaining XC in personal wallets. A sort of guide that would act as a FAQ and/or How-to that could be of benefit to new users and other communities as well....

We need to be encouraging personal responsibility here since alt coins are designed to be held by the individual. Education is key and it isn't really too difficult even for the non tech inclined...

Just a thought...

+1 from a noob opinion Embarrassed

battbot

hero member

Activity: 616

Merit: 500

Quote from: mojun7982 on August 15, 2014, 01:37:01 PM

Quote from: Brilliantrocket on August 15, 2014, 11:55:01 AM

NEVER do a rollback. I can't take any coin that does a rollback seriously, because then you've just elected the dev as your central authority. Why not just use fiat if you're ok with that?

XC will rollback?

They were speaking hypothetically, in reference to NXT / VRC, if XC were to face a similar scenario.

mr_random

legendary

Activity: 1344

Merit: 1001

Quote from: laredo7mm on August 15, 2014, 12:31:55 PM

Quote from: synechist on August 15, 2014, 11:48:06 AM

Quote from: dannyspk on August 15, 2014, 10:40:59 AM

Quote from: synechist on August 15, 2014, 10:21:29 AM

Quote from: dannyspk on August 15, 2014, 09:53:42 AM

Damn, it's awfully quiet in here and on the exchange. A friend I recently convinced about XC wants to buy 25 btc worth of XC. Anyone willing to sell otc? Please PM me.

Here's an idea:

- every so often, some of us will want to sell XC to pay salaries, rent, etc.

- why don't we post the amount and asking price here and see if there are any takers?

- if there's a deal, trades can take place on Mintpal, which will keep the volume up.

- and the community will understand the reason for selling rather than being perturbed/outraged at the stupidity of sellers.

P.S. This was Bisky's idea. Thanks Bisky!

P.P.S. This would only make sense to those who want to see the price head upwards but still need to sell some XC.

Sounds like a great idea. But, shouldn't this be done on a separate sub-thread? I mean, XC trade thread could deal with whatever people want to exchange.

Possibly...

But that would remove one of its advantages, which is to let community members know what the selling is for.

I reckon that sell offers should be posted publicly, negotiated privately, and then final agreements to trade posted publicly.

After that the community can sit back and watch the trade take place on Bitcoinwisdom.

For a coin that is based on privacy, this discussion seems a bit odd to me.

Why should I disclose to the community that I am selling some XC? What about buying XC, should we make that public too? Or is it just to calm the ones that freak out when the price goes down?

Why try and centralize the trading of a decentralized currency? I'm confused. Huh

XC is intentionally designed to be optionally private. XC was never envisioned as being 100% private for all transactions, there are many legitimate use cases where a user won't want to turn on privacy. They key thing is XC empowers the user with the choice.

MemoryShock

hero member

Activity: 728

Merit: 500

Quote from: mojun7982 on August 15, 2014, 01:37:01 PM

Quote from: Brilliantrocket on August 15, 2014, 11:55:01 AM

NEVER do a rollback. I can't take any coin that does a rollback seriously, because then you've just elected the dev as your central authority. Why not just use fiat if you're ok with that?

XC will rollback?

I agree with no rollback.

One idea is to embark upon a community PSA describing the dangers of holding on an exchange and reinforcing the reasons for maintaining XC in personal wallets. A sort of guide that would act as a FAQ and/or How-to that could be of benefit to new users and other communities as well....

We need to be encouraging personal responsibility here since alt coins are designed to be held by the individual. Education is key and it isn't really too difficult even for the non tech inclined...

Just a thought...

rockstahh

member

Activity: 70

Merit: 10

Has anyone ever used or heard reviews of www.bitcoinbullish.com

Youghoor

sr. member

Activity: 1036

Merit: 275

Quote from: mojun7982 on August 15, 2014, 01:37:01 PM

Quote from: Brilliantrocket on August 15, 2014, 11:55:01 AM

NEVER do a rollback. I can't take any coin that does a rollback seriously, because then you've just elected the dev as your central authority. Why not just use fiat if you're ok with that?

XC will rollback?

no rollback is possible at this time

mojun7982

full member

Activity: 269

Merit: 100

The Standard Protocol - Solving Inflation

Quote from: Brilliantrocket on August 15, 2014, 11:55:01 AM

NEVER do a rollback. I can't take any coin that does a rollback seriously, because then you've just elected the dev as your central authority. Why not just use fiat if you're ok with that?

XC will rollback?

FoldingTime

full member

Activity: 162

Merit: 100

Quote from: synechist on August 15, 2014, 11:48:06 AM

Quote from: dannyspk on August 15, 2014, 10:40:59 AM

Quote from: synechist on August 15, 2014, 10:21:29 AM

Quote from: dannyspk on August 15, 2014, 09:53:42 AM

Damn, it's awfully quiet in here and on the exchange. A friend I recently convinced about XC wants to buy 25 btc worth of XC. Anyone willing to sell otc? Please PM me.

Here's an idea:

- every so often, some of us will want to sell XC to pay salaries, rent, etc.

- why don't we post the amount and asking price here and see if there are any takers?

- if there's a deal, trades can take place on Mintpal, which will keep the volume up.

- and the community will understand the reason for selling rather than being perturbed/outraged at the stupidity of sellers.

P.S. This was Bisky's idea. Thanks Bisky!

P.P.S. This would only make sense to those who want to see the price head upwards but still need to sell some XC.

Sounds like a great idea. But, shouldn't this be done on a separate sub-thread? I mean, XC trade thread could deal with whatever people want to exchange.

Possibly...

But that would remove one of its advantages, which is to let community members know what the selling is for.

I reckon that sell offers should be posted publicly, negotiated privately, and then final agreements to trade posted publicly.

After that the community can sit back and watch the trade take place on Bitcoinwisdom.

This is a really bad idea. If you want to sell just go to the exchange and don't hang your dirty linen out in public. You will end up convincing others to sell for similar reasons when they may have just held.

battbot

hero member

Activity: 616

Merit: 500

24hr volume on mintpal - 8 btc... stalemate.

Don't think I've ever seen the volume this low for XC.

laredo7mm

hero member

Activity: 1498

Merit: 537

Quote from: synechist on August 15, 2014, 11:48:06 AM

Quote from: dannyspk on August 15, 2014, 10:40:59 AM

Quote from: synechist on August 15, 2014, 10:21:29 AM

Quote from: dannyspk on August 15, 2014, 09:53:42 AM

Damn, it's awfully quiet in here and on the exchange. A friend I recently convinced about XC wants to buy 25 btc worth of XC. Anyone willing to sell otc? Please PM me.

Here's an idea:

- every so often, some of us will want to sell XC to pay salaries, rent, etc.

- why don't we post the amount and asking price here and see if there are any takers?

- if there's a deal, trades can take place on Mintpal, which will keep the volume up.

- and the community will understand the reason for selling rather than being perturbed/outraged at the stupidity of sellers.

P.S. This was Bisky's idea. Thanks Bisky!

P.P.S. This would only make sense to those who want to see the price head upwards but still need to sell some XC.

Sounds like a great idea. But, shouldn't this be done on a separate sub-thread? I mean, XC trade thread could deal with whatever people want to exchange.

Possibly...

But that would remove one of its advantages, which is to let community members know what the selling is for.

I reckon that sell offers should be posted publicly, negotiated privately, and then final agreements to trade posted publicly.

After that the community can sit back and watch the trade take place on Bitcoinwisdom.

For a coin that is based on privacy, this discussion seems a bit odd to me.

Why should I disclose to the community that I am selling some XC? What about buying XC, should we make that public too? Or is it just to calm the ones that freak out when the price goes down?

Why try and centralize the trading of a decentralized currency? I'm confused. Huh

Topic: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos - page 556. (Read 1484191 times)