Re: [ANN][XC][OFFICIAL] >> Mandatory Wallet Update

The wallet release is on track for tonight.

It will be mainnet ready, and have the XNode code in the wallet. It is fully decentralized.

Just to clarify somethings as well - REV2 will have a solution to the bad actor problem. Using a dynamic learning trust system, the wallet will choose the trusted nodes over the bad actor nodes. This also will be tied into the fee system so it will also be incentive based.

I will also be laying out a very high level roadmap of whats next, whats coming and long term plans.
As part of this process, I will be putting together a complete business plan, which will be release later this week.

Also if your running an XNODE your 1000 XC's will not stake. There is a feature in the wallet - reserve balance - which basically prevents those coins from staking. Xnodes will need to use this feature so that the coins are available for the Xpool.

ATCSECURE

So you can get fucked a few times by bad actor nodes, then it learns to trust good ones? Requires trust you mean, as in not trustless? As in the government can buy Xnodes and make them run as intended to gain trust and then see all transactions?

That is no different than DRK. Nothing stopping the government buying a lot of DRK nodes. Hence the 1000 DRK requirement to make it costly.

Quote from: kobaya74 on June 01, 2014, 03:56:28 PM

As the government can not buy many DRK masternodes and do the same? Or can not buy many many bitcoins and drop them to the floor? Or can not buy many many asic and 51% attack every crypto they want to? Answer is yes, they can. So we better sell all we have and get back to safety of fiat and corporate banks. I won't, you clearly should...

Quote from: prospect on June 01, 2014, 03:58:47 PM

Quote from: cryptico on June 01, 2014, 03:52:24 PM

Quote from: anonymousxx1503 on June 01, 2014, 03:43:57 PM

Quote from: atcsecure on June 01, 2014, 01:35:01 PM

Ok guys it's starting....please be polite and answer the question if anyone as the knowledge to do it I don't unfortunately.

It does not matter. The more nodes there are, the harder it will get to detect any transactions. If you should control 2/3 of the nodes within the p2p network it might be possible to trace transactions. Once you hit 2 nodes in between it is very hard to detect. Highly unlikely to control that many nodes.

So, to sum it up, the more people that helps running xnodes.. the harder it will be to trace transactions, if not unpossible. Second, transaction times and stability will increse with running nodes as well. This is what decentralized is all about.. you can think of it as torrent traffic as well. Multipath can be applied to any sort of traffic. Thats why its kewl.

That's all it took from me to get you to admit that. Your nodes are no more "decentralized" than masternodes within Darkcoin, except Darkcoin masternodes are actually hard to acquire. Even owning 90%+ of all Masternodes doesn't give you a big shot at finding out who's sending what. Even your Staking is broken. "Truly decentralized anonimity", you guys make me laugh. Your product might end up being good, who knows, but the way you advertise is the most blatant bullshit I've ever seen. You have a 0.1 alpha release, act accordingly.

What are you talking about? Dont even know what to answer. What to admit? Do XC have to admit something? Everything is stated clearly in the technology that being used. Google it.