Post
Topic
Board Announcements (Altcoins)
Re: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos
by
Sabretooth
on 16/10/2014, 22:40:21 UTC
Just wondering how the interactions between different coin nodes will work...  

e.g
If someone with a UtilityCoin wallet would like to send their UTIL coins via the XC XMixer service how does that work?  What journey do their coins take?  Has this stuff been worked out yet or is it still being thought about? Would that user have to use a decentralized exchange to convert their UTIL to XC, then send those coins, then convert back?

as i understand it there will be some kind of automatic exchange going on. the user wouldn't have to do this themselfs. the rate would have to be just garanteed to be the same for both transactions in and out of the "borrowed" coin.

This would invalidate any anonymity that would be gained by using the XC transaction in the middle, because the system would have to link the in and out trades together.

I am also a little unclear on how the blocknet xcmixer will work.  If this is the main product XC has to offer then we need to be clear about the logic.  I say own SDC I want to mix my SDC coins I send it to an XC Mixer, it then mixes XC coins, and then sends SDC coins back.  I must be missing something because this does not make sense.  My SDC coins have not been mixed by XC they have just been sent back n forth from the xblock.  So XCurrency gives up its tech to the Xblock and XC now has no real service to offer because this is now done by XBlock by default?  Sorry a little negative in tone, just trying to make sense of everything.