Quote from: Sabretooth on October 17, 2014, 03:11:13 AM

Quote from: Longenecker on October 17, 2014, 02:32:33 AM

Quote from: synechist on October 17, 2014, 02:19:02 AM

Quote from: Sabretooth on October 17, 2014, 01:43:11 AM

Quote from: synechist on October 17, 2014, 01:22:55 AM

Quote from: Sabretooth on October 16, 2014, 11:25:15 PM

Yeah I guess I understood this, but its not much of a service. At the moment we are the best at this, but soon it will be open source, and it wont take long for other coins to adopt this feature internally. So in the end we will own nothing. I thought that we would at least own the items on the roadmap like Xchat, but this is now looking doubtful and the ability to distribute content which now seems more plausibly done by Xblock. I think xBlock is becoming what we all had hoped XC would become.

I don't think it was fair to make xBlock an owned entity, it should have been a open not-for-profit entity. There will always be a tug-a-war between xblocks needs for profit and the coins. I cannot see it working. It will just implode. Sorry I feel this way. I would love to be proved otherwise.

Let's just keep things simple:

- XC and the Blocknet are entirely distinct, and none of XC's features are porting over to the Blocknet.
- Why not? - because that's like saying Google's features are going to port over to the internet. Huh? No. Doesn't make sense.

Did you miss my post above about "ownership" of XChat? XC holders will get shares in XC Inc and will therefore effectively "own" (i.e. get paid for) XChat twice in the event that XC Inc sells the tech to a third party.

What's xBlock? Did you read the PR? Nothing in there is called that. :-)

I know they will be distinct but I am confused on what services will be offered by XC, or more importantly its niche. Is it just mixing or is there more, will it still be a "Decentralised Trustless Privacy Platform / Encrypted XChat" or are these niches now taken by Blocknet and XC Inc.

The Blocknet isn't a "decentralised trustless privacy platform". It's a way of getting nodes to communicate.

XChat is an XC feature. It will always be.

As for the relation between XCurrency and XC Inc:
- XC Inc develops tech for XCurrency. It's committed to XCurrency.
- It is the legal entity that enables XCurrency to interface with the business world. As such it gains vitally important connections for XCurrency.
- If XC Inc sells XChat, then:
   a) it'll still run on the XCurrency network
   b) XC users will still use it
   c) XChat will benefit from some enormous corporation's marketing
   d) XC Inc shareholders will earn big time from the sale.

So nothing is being taken away from XC. Nothing at all. Not one feature.

All that's happening is that the Blocknet gives XC a massively increased userbase. That's it.

I think what Sabretooth is questioning is what incentive will investors & traders have to buy XCurrency in light of BlockNET? XC's unique & leading privacy tech is currently the primary element that gives XC value / marketcap, because it is a tech that only XC holders have access to. However, BlockNET will allow all other participants of it to gain access to XC's features, without purchasing XC. It seems like XCurrency's biggest value-adding element, its tech, may lose or dilute (at least in part) some of it's ability to add value to XC.

Sabertooth, is this what you are questioning?

Could it be the case that what is lost by compromise, is gained by collaboration?

Yes, I was trying to work out what XC has to offer the Blocknet.

Arlyn has just clarified that the XC network will continue to host XChat and the apps developed by XC Inc, so this is all good. This will allow the XC network to grow organically in its own right, and ultimately increase the value of the currency.

I am still unsure how being the best mixer at the moment is an edge on the blocknet, because the ins/outs will still be in the native currency, a person with XYZcurrency cannot mix their XYZcoins using the Xcurrency mixers. So not sure how this will work, or whether this has been thought through properly. I am reassured however by the fact that our user base will increase as a result of this move.

It is still a little unclear for me how Blocknet will earn its income and avoid competing with Coins for services, but I trust the developers will sort this out as we go.

I think we will get there in the end. So I am chilling and looking forward to the ride.

You're right about mixing. It's not straightforward to convert to a different currency and maintain privacy. Packet sniffers will match inputs and exits.

The thing that will make this work is that if every node on the Blocknet has an XBridge, part of its application layer can be another Blocknet technology: a decentralised exchange.

So nodes on the Blocknet can first exchange their coins for XC, and then have them mixed. Recipients will receive coins in XC and can convert to anything else if they want to.