I just have a question: It there any talk about creating a decentralized market for xc, any plans for that whatsoever? I just think xc needs a way to make it spendable for eCommerce right away
this is the only thing cloak has planned that we dont, as far as i can tell.
I was hoping that a market is in the works...damn I like xc a lot but without a market we will be trailing cloak. I mean they also have some anon implementation that might work just as well as xc's implementation so then the only thing that would make a big difference is the market. Even if we get xc on the currency cards and ATMs there is nothing to spend it on except on the crowdfunding...Just my 2 pennies, what do you guys think?
XC plans on full POS integration, so you'll be able to spend it anywhere.
Also, by "market" I'm not sure whether you mean a place to exchange XC with other currencies or a place to buy various products with Cloak/XC, but the latter will be unnecessary if you can spend XC anywhere, and the former is a standard Blockchain 2.0 implementation that is on the cards for XC.
Secondly, stealth addresses are a pragmatic but weak form of anonymity.
I understand that introducing xc on the currency cards and ATMs will make it possible to spend it anywhere or exchange it for fiat but we can do this just as well with bitcoin. For xc there needs to be a different application, specific for anon coins, like an online market.
By market I refer to a completely decentralized online market that would use xc. For such a market to have success a true anon coin is necessary and xc is perfect for that. Otherwise there are little applications that would require the use of an anon coin. I mean using it to sponsor political parties is great but still...not enough. Also what point is there to keep the records of a online company private (using xc) if the actual business can not be conducted also in a private way (using a decentralized anon market based on xc). Do you get my point?
One thing is certain in my opinion: First anon coin that also gets a decentralized market will have a great advantage over the other anon coins simply for the fact that the currency velocity (the speed at which it circulates) will increase and will drive price higher, creating more stability, creating more demand and so on.
You have a good point there. Having a decentralised XC marketplace creates an environment where an anoncoin can flourish.
However there would be drawbacks:
- Getting real-world retailers onto the marketplace wouldn't be easy.
- Developing the marketplace would take time and a lot of capital.
- Focusing on a specific marketplace is at the expense of all the other marketplaces in the world. We want them all.
- There are ways to do real-world point-of-sale transactions where you ostensively pay in XC, the receiver gets fiat, and you don't disclose your identity. I've designed a system like this for Bitcoin actually. You'd directly pay another node that has an agreement with the retailer/POS provider. They'd exchange the funds for fiat and settle the amount with the retailer at end-of-day. Since normal retailers always trust mediators (banks, POS providers etc. etc.) this is no less trustworthy for them than normal. On the other hand the node doesn't need your personal details because it provably receives payment. So the retailer actually only transacts with the node; you're left safely out of the loop. The retailer trusts the node will pay at end-of-day and so is happy to let you walk out with the goods. The retailer/POS provider keeps track by matching your payment to the node's settlement via txID from the node when the node receives payment from you. Something like that... still have to figure it out for an anoncoin.
this is what I need to know 
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