Ninjastic
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Board Announcements (Altcoins)
Re: [ANN] Cinni | PoS | Encrypted Messaging | 100% True Anonymity | No premine
by
AlexGR
on 16/06/2014, 08:21:14 UTC
Quote from: digit on June 16, 2014, 03:08:12 AM
Quote from: darylluke on June 16, 2014, 02:37:14 AM
Quote from: digit on June 16, 2014, 02:26:13 AM
Quote from: darylluke on June 16, 2014, 02:12:45 AM
XC is in the near DUMP or a Pump-n-Dump right now. They released their new wallet. Anyone know if it is better than ours??My feeling it's a scam coin. Thoughts, comments? thnx.

~darylluke.

its a scam and not worth of mention in Cinni thread Wink

would you want a hold a coin that can stolen/lost because of xnode?  its completely experimental, people should able to expect that when they send coins somewhere it ends up at their intended destination, not someplace else because of malfunction or a bad xnode stealing coins.

Its unacceptable for your coins to be at risk because of experimental features.  Imagine you sent anon 100k XC somewhere and a bad xnode hijacks and sends it to their own address.  Shocked


How do you know this? I have a friend online who is in it right now.It is like talking to a wall. He is in love with it, and pouring more BTC in as it's rising!! I can't provide any substantial proof to him. Can you help? thnx.

Btw, that coin is one of 4 I lost my ass on.In at 401,000, and finally sold back all at 122,000.Just would NOT stop dropping in price... Cry

~darylluke.

Its been brought up in their thread, same as for DRK, its something that sounds good but isnt really needed, and because its experimental, currently you are trusting xnode/darknodes not to steal your coins when you anonymously send them somewhere.  You can be sure that the bad guys will be working to find exploits in the xnode/darknode to steal coins why place trust in a feature that was never needed to begin with. Also exchanges would have enough information on 99% of their users to undermine the anonymity provided.  

Anyway this is a Cinni thread.  not to support pumps for other coins Wink

Bitcoin = trustless transactions where money can't be stolen when a transaction occurs. (uses signatures)

Darkcoin = trustless transactions where money can't be stolen when a transaction occurs. (uses signatures just as Bitcoin's coinjoin)

XC = trusted transactions where money is forwarded from node to node with the potential to steal money. It uses coin forwarding.

So you are correct in that xnodes can steal coins, but wrong on darknodes being able to steal coins. Darknodes don't receive or forward coins. They are trustless and only process the signing of transactions.