Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XC][OFFICIAL] >> Mandatory Wallet Update (01/06) - X11/PoS/Anon
by
Alpharisc
on 06/06/2014, 08:52:03 UTC
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.