Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XC][OFFICIAL] >> Mandatory Wallet Update (01/06) - X11/PoS/Anon
by
greyskies
on 03/06/2014, 21:40:26 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?
Maybe, chaeplin suggested that a Xnode could function as designed for some time to build trust, waiting for a big transaction to switch mode. Not sure @ the moment how this is addressed in rev2



There are numerous ways to make the nodes trustless. Worst comes to the worst we can just improve upon DRK's approach. But I'm not the dev so I don't know what his plans are.