Post
Topic
Board Announcements (Altcoins)
Re: XCurrency (XC) BlockNet community thread
by
hoertest
on 24/10/2014, 18:13:46 UTC

What about the CryptoNote ring signature tech that's been verified by cryptographers?

I wasn't aware of it being broken, do you have a link?

Im looking more into this. Does XC implement this tech?



This tech actually seems pretty promising, and I see many coins (with lower caps than XC) use it.

No.  XC does not use it.  My understanding is that CryptoNote is the only protocol that uses ring signatures (Monero, Boolberry, Darknote, Bytecoin).  Which is a completely separate codebase from bitcion & it's still fairly rough.

It also creates blockchain bloat (which XC has sworn to avoid).


 i never scream cheap XC. and i don't consider myself a fool either.
 again all crypto investing is voluntary last time i checked so i see no point in discussing these things to death. i don't do this with other coins i consider scams or when i don't like what they offer. i just don't buy them. i see no point in getting in their threads demanding explenations for actions that keep me from investing.

on the bloat thing. is the bloat a result of on chain anonymity?

and regarding the supernet knock off. all altcoins are bitcoin knockoffs or atleast startet as such and i'm glad they are here.

Regarding the importance of anonymity. DRK adjusted ,yes, but still this is the main piece in the puzzle missing to make crypto the digital cash/PM. bitcoin solved the double spend, now the only characteristica missing is untracebility of funds and transaction but without giving up the decentralisation of btc.  also other inconveniences that come with the task like bloat or on chain anonymity for later decryption should be avoided. XCs mixer tech solves this task imo. and i personally decided to put funds in it before open sourcing cause i anticipate a higher reward by doing so. i think its legitimate to articulate this especially in the XC community. i not once spammed other anon coins threads with my view. don't know how many in here can say this about themselfs.

Privacy is Freedom and thats essentially what satoshi wanted to give to humankind when he invented btc. thats no gimmick. its THE most important task of the digital age. i consider 15 $ cheap if i'm 100% shure a coin delivers this to my standards.