[XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos

[benthach]

Also large sells keep appearing, someone does not want this to rise.....

Ya, the reversal has already started IMO

the charts would disagree with you unfortunately.

there is no such thing as chart in altcoins, pink or otc. heck even bitcoin itself don't need any chart. if the wind bring you fresh flower scent then it is a good day or if the wind bring those smelly farts then you screw. you need to know how to read the wind my friend, not chart.

[BADASS]

DOES IT EVEN MATTER...?

[wevus]

Also large sells keep appearing, someone does not want this to rise.....

Ya, the reversal has already started IMO

the charts would disagree with you unfortunately.

there is no such thing as chart in altcoins, pink or otc. heck even bitcoin itself don't need any chart. if the wind bring you fresh flower scent then it is a good day or if the wind bring those smelly farts then you screw. you need to know how to read the wind my friend, not chart.

https://encrypted-tbn1.gstatic.com/images?q=tbn:ANd9GcSxrjArto8-1cO3azV058CT8_MP6k5XKaL8jRLu-FL9KGp6Bkbt3Q

[BADASS]

https://encrypted-tbn1.gstatic.com/images?q=tbn:ANd9GcSxrjArto8-1cO3azV058CT8_MP6k5XKaL8jRLu-FL9KGp6Bkbt3Q

Khool!

[JesstersDead]

Also large sells keep appearing, someone does not want this to rise.....

Ya, the reversal has already started IMO

the charts would disagree with you unfortunately.

there is no such thing as chart in altcoins, pink or otc. heck even bitcoin itself don't need any chart. if the wind bring you fresh flower scent then it is a good day or if the wind bring those smelly farts then you screw. you need to know how to read the wind my friend, not chart.

https://encrypted-tbn1.gstatic.com/images?q=tbn:ANd9GcSxrjArto8-1cO3azV058CT8_MP6k5XKaL8jRLu-FL9KGp6Bkbt3Q

Hey, don't share my trading sekret!

[phosphorush]

Also large sells keep appearing, someone does not want this to rise.....

Ya, the reversal has already started IMO

the charts would disagree with you unfortunately.

there is no such thing as chart in altcoins, pink or otc. heck even bitcoin itself don't need any chart. if the wind bring you fresh flower scent then it is a good day or if the wind bring those smelly farts then you screw. you need to know how to read the wind my friend, not chart.

yeah fuck science, believe in god...

[BADASS]

Believe in people too, that's why god made so many!!

[BrewCrewFan]

https://encrypted-tbn1.gstatic.com/images?q=tbn:ANd9GcSxrjArto8-1cO3azV058CT8_MP6k5XKaL8jRLu-FL9KGp6Bkbt3Q
[/quote]


Pretty much the way its been with this coin lol... and to be honest I probably have more luck using that.

[provenceday]

Nobody is concerned that basically all Gmaxwell's criticisms apply equally, if not more, to XC?

XC doesn't even purport to be trustless, and the overall implementation hasn't even been comprehensively described.

As he has said cryptonote and zerocash technology are the only novel and workable decentralised and trustless solutions thus far. A 'dynamic trust network' is neither trustless (the whole point of bitcoin and derivative technologies) nor decentralised since it relies on certain nominated nodes to provide specific tasks.

Everybody seems to be drinking a nice big cup of smug over the weaknesses of darkcoin (of which there are legion) while avoiding taking a look in their own back yard.

Yes, I think it would be valuable for the XC team to engage seriously (and respectfully) with Gmaxwell's post. In fact, we should invite him to review XC's tech when it's more fully developed. It would be a real opportunity to benefit from his expertise.

I also think we should take his criticisms seriously when developing the coin. Is there a better model than the dynamic trust system? Can we come up with one? Perhaps, and we'd do well to consider it long and hard.

that's a good idea.
Gmaxwell is an expert on Anonymous technology.

ATCsecure shall we discuss how Gmaxwell's post might apply to XC? I imagine it'd be a matter of whether the multi-path paradigm can be implemented without a dynamic trust system, while still preserving XC's ability to avoid blockchain bloat.

Multi-path has incredible possibilities; how about removing/reducing the need for trust with the following (which in all likelihood you've thought of already):

- your specification includes that each xnode only passes on fragments of transactions; this means each fragment will be a small (non-risky) amount.

- what if xnodes have to compete to relay a given fragment? This builds in redundancy, so that if one node attempts to steal the fragment, the others will pass it on. The fastest node gets the transaction fee.

- what if xnodes also can only pass on a single fragment at a time? This way a node would only ever have one fragment, and therefore could never amass enough money for it to be worth stealing.

- Xnodes would then compete for transaction fees by processing transactions faster than other nodes. This way the network would organically improve its capacity.

- At some cost to network speed, the protocol could also set a maximum fragment size to ensure the incentive to become a bad actor is always low regardless of the size of a given payment.


The effect of the above is that xnodes have two options:
- steal a fragment and (a) derive minimal reward, and (b) get booted off the network via the trust system
- or pass on (a) as many fragments as possible in the shortest time and (b) get multiple tiny rewards.
The second of these is prima facie preferable.


However this idea would still be vulnerable to the following attack:
- set up thousands of xnodes
- find a way to steal fragments (I understand this is only a speculative possibility and that there'll be a way of making this exceedingly difficult... however I can't think further about this without more information)
- steal thousands of fragments, delete nodes, create new ones, build up trust, steal more fragments.

I'm unsure whether this attack will be more profitable than just being an honest node; its feasibility will come down to the details. And, fortunately, you decide what the details are.

The security of the network could well depend on this balance of incentives, which is ok I suppose, but its precariousness is analogous to that of mining competition in bitcoin. A systemic solution to the problem would be preferable.

Any suggestions?



Edit: Gmaxwell's post is here: https://asktom.cf/index.php?topic=641178.40

maybe dev is confident with V2 release？

nice analysis!

i like this.

[BADASS]

WOW, I'll say it backwards!!!! WOW!!!!
My Post Changed!

OK more soulfull bluesy music to play.  

Y all the hate? (look down) x1
aha sometimes its 2, sometimes 1 lols!



"Your pump and dump dance"!
BA says ~ Well I don't know about you, but theirs nothing like a P&D dance  
.....unless of course you were pumped all the way!
Can I get a shout out last call b4 I go!!

[provenceday]

https://asktom.cf/index.php?topic=641178.msg7160370#msg7160370

Gmaxwell's post might apply to XC?

dev.

[benthach]

https://encrypted-tbn1.gstatic.com/images?q=tbn:ANd9GcSxrjArto8-1cO3azV058CT8_MP6k5XKaL8jRLu-FL9KGp6Bkbt3Q

Pretty much the way its been with this coin lol... and to be honest I probably have more luck using that.
[/quote]

yes, i agree.

[JakeThePanda]

I'm starting to think that a way to get a beat on other coins would be to make the code open source.  Does cloning really have a negative impact on the coin being cloned?  Look at Litecoin for example. There's nothing innovative about it and it's cloned all the time, yet it's still the number 2 coin.

Cloning won't work right now anyway because it's constantly being updated and improved.  I think the market is loyal to the innovator and not the clones. 

Just  my 2 XC.

By the way, my wallet gave me steaks last night.

[the_game1224]

https://encrypted-tbn1.gstatic.com/images?q=tbn:ANd9GcSxrjArto8-1cO3azV058CT8_MP6k5XKaL8jRLu-FL9KGp6Bkbt3Q

Pretty much the way its been with this coin lol... and to be honest I probably have more luck using that.
[/quote]

Sure seems that way!  Could slide back to .001 easily within 20min or take off over the next 24hs.  No clue here

[phosphorush]

I'm starting to think that a way to get a beat on other coins would be to make the code open source.  Does cloning really have a negative impact on the coin being cloned?  Look at Litecoin for example. There's nothing innovative about it and it's cloned all the time, yet it's still the number 2 coin.

Cloning won't work right now anyway because it's constantly being updated and improved.  I think the market is loyal to the innovator and not the clones. 

Just  my 2 XC.

By the way, my wallet gave me steaks last night.

+1

[BADASS]

You Want The Truth - You Can't handle the Truth ~ JN!!!!

[KimmyF]

I'm starting to think that a way to get a beat on other coins would be to make the code open source.  Does cloning really have a negative impact on the coin being cloned?  Look at Litecoin for example. There's nothing innovative about it and it's cloned all the time, yet it's still the number 2 coin.

Cloning won't work right now anyway because it's constantly being updated and improved.

Maybe in time, after there was time to build a solid base, name & related infrastructure.
I would already be really happy with a serious peer review. If someone with the reputation of Gmaxwell says it is good, who needs open source?

But the code is owned by ATC, only he can decide.

[Teka]

No Offence, but who the FK is ATC???

The founder/main dev, aka DAN.

[philipvdlinde]

No Offence, but who the FK is ATC???

he's the core developer behind XC, you better stop talking shit like this here, don't act like a filthy piece of white trash.

[BADASS]

Dam Teka I know.
But seriously can we Skype one day, like all us crew.
Yeah we can do it!