Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XC][OFFICIAL] >> Mandatory Wallet Update (01/06) - X11/PoS/Anon
by
JakeThePanda
on 03/06/2014, 20:56:47 UTC
ATCSecure,

Please respond to AlexGR in this thread about alt coins. Post number 326.

https://bitcointalk.org/index.php?topic=624223.320


Of course the trust system will be scrutinized.. but the technology is based on several concepts, one of which is "Web of Trust" - http://en.wikipedia.org/wiki/Web_of_trust, the bottom line is that the wallet won't send money to untrusted nodes



I'm a little confused.  As a technically challenged crypto holder, are you saying it is possible that coins can be stolen? Just like people, someone you trust today, may be untrustworthy tomorrow. Is it the same for Xnodes?
As I could understand... there will be a system that detects malisious Xnodes and exclude them in the path...
but it is not yet implemented in this Rev1, I tought it will be implemented in Rev2

How does the system know an Xnode is malicious beforehand?  Is there a non-technical explanation of this somewhere?  If not, there should be.

Was wondering this myself.

ATCsecure can u plz explain how it is prevented from a mixer stealing coins during this beta wallet?  

a mixer on its own can't steal coins, but with out the REV2 trust system and multi-path there is a potential risk of loosing coins through a bad node.  I have setup "hardened" servers for testing, PM for details

Is there a good explanation of the REV2 trust system and multi-path?  Right now, with the current Xnode implementation, is there is a potential of losing coins?