New thread for Old Coin?

Ok, there's layer 1: the Xnode protocol
- nodes communicate with one another using an end-to-end encrypted protocol, so that anyone who intercepts their messages can't decipher them.
- nodes communicate directly; they don't use any trusted third parties or central servers. Therefore there's no one point of failure or attack.

Layer 2: an ad hoc meshnet
- when you make a private payment, the first thing that happens is that your app sets up a network with a bunch of other nodes that are making payments at the same time as you.
- this network exists only for the duration of the transaction, and thus has no permanent infrastructure that can be attacked.
- since this network is a mesh, it does not encounter problems if nodes drop out of the network during the transaction. Thus it's robust against DOS attacks (i.e when a node refuses to sign, which breaks other technologies, like CoinJoin).

Layer 3: trustless mixing
- when you make a private payment, a transaction is built up between all the nodes in a meshnet.
- they pass the transaction around in a very clever way (analogous to Coinshuffle) in order to send coins to their intended destinations on behalf of other nodes.
- once the transaction is ready, each node checks that its own coins are going to the right destination, and if all is in order, the node signs the transaction.
- the signing is done in a very clever way so that no node knows which other node's coins they're forwarding.
- the coins are forwarded to their destination from a different address to the one that a forwarding node receives them on, so that there's no link on the blockchain between sender and receiver.
- if there's a problem then a node will refuse to sign. This makes the whole transaction unable to be processed, and thus no node can steal the coins that it's forwarding on behalf of another node.
- when this occurs, the nodes are able to reverse the passing-around procedure and discover which node caused the trouble. This node gets kicked off the mesh, and the transaction proceeds as per usual.

Layer 4: multipath
- when you make a private payment, the coins aren't sent in one go, but in fragments, making it impossible for anyone to tell how much you actually sent.

The ways in which all this is private:
- multipath conceals the amount you send or receive.
- mixing conceals the sender and the receiver.
- the trustless nature of the mixing ensures that nodes can't steal coins and that they can't know whose coins they're forwarding.
- the Xnode protocol ensures that nobody can decipher any of these messages in the first place.
- in addition, using the XC TOR Stick conceals your IP address.
- and, finally, when we add stealth addresses to XC, then when someone pays you, not even they will discover the address you receive the payment on, and so you don't have to trust them to keep private the address that your coins are on.

Basically, there's nothing else to make private after all this. The entire thing is concealed; none of your personal information is given away. So it's 100% privacy.

Yes.

Yes, but you will buy presale tokens, after Crypti launch you will receive your Crypti.

Hi Leigh

We're on Rev 2.45 already. Rev 2 tech has been working since 7/7/14.


To explain:

- Rev 2 is multipath

- Additionally it is multinode multipath, not just fragments sent to a single node for forwarding

- Trustless mixing is an improvement upon the "dynamic trust system" that was originally proposed. There's now no need to trust any nodes.

- Trustless mixing wasn't going to be a Rev 2 feature, but we included it anyway (under-promise, over-deliver, you know?)

- So you got multipath PLUS a trustless mixer.

- And, of course, trustless mixing is a world first.


So there's no question about waiting for working Xnodes. They've been here for a while.

In fact I've replied to you about three times about this already if I'm not mistaken. Sorry if you missed them.

It sure would be nice to know what day and time the new road map will be released. Thanks.

I'd like to download and install the wallet but would like to see checksums at a minimum published by Dan first.

It's industry best practice to publish checksum / PGP sign off on wallet downloads, see Bitcoin Core:

https://bitcoin.org/bin/0.9.2.1/SHA256SUMS.asc

I'll do my best - oh and thanks for the complement. Way to go team!

ps - I'm going silent as I think the community would prefer that.  It's been a pleasure.

Ya... so you could do this again?   like calling it doomsday?  lol...

You were the one that started the doomsday countdown BS...

+6

Actually I am really glad to hear these comments. This video was targeted toward the people who are currently in or at least aware of cryptocurrency. We need a simpler version that speaks to the average person in order to reach the masses. While the people in that market have not yet arrived, they are on the horizon and we plan on being there with the tools to reach them when they start to show up. We are currently looking at what that will take to produce.

Believe it or not we do have a developing plan!  

I understand the crunch-time circumstances, and my curiosity is certainly piqued by what Dan and you all are working on here. I wish you all well, and hope you take the PGP/checksum request to heart, as it will instill quite a bit more confidence in downloading the wallet client for more technically-oriented users.

Hello all.

I don't post much on these forums, am a bit of a quiet man. But this is the first time I feel an urge to write and say something to a few of you on the internet. I have been around XC from the beginning, I am not a big/rich investor in cryptoworld, I only hold a few coins. I have seen and felt the pump to 0,005 and the dump after. I haven't sold any of my coins and I still haven't bought any new ones till this moment. Why? Let me tell you why.

I realise there are a lot of traders in this cryptoworld who are going to the advantages of these hypes before releases by pumping and dumping. I don't mind that, they're actually good from time to time so other people notice us. What I don't get are the people who are acting like little children when there is a minor and unclear obstacle on the road. By reading some of the comments on the past pages it feels like there was a catastrophic event. But there wasn't. The announcements we're maybe to much, but still.. Are we not making progress? Aren't we closer to our goal (XC goal) each day? People should stick together and take a breath.

NONE of us is going to get rich over night. You believe in something, buy it and hold it. There is a million coins out there, but is there truly a coin developed in such a short time with a better potential than XC? Developer, a public figure with clear intentions for the future? Maybe there is, but I ain't seeing it. If you can't believe the XC team (specially the dev), I don't know who you can in this cryptoworld. There are huge things coming up in the future with this coin/platform, and I want to be a part of it. Don't you?

My intentions with this little writing are not to pump/dump the price, I just had to clear my mind and I had to say a few words to ease people. I do believe the XC team are going to clear things up, but they are human beings and they can't be online 24/7 to answer all the questions and clear the situation. Let them be and let them do their work! If there was anything else I could do to help them out, I would but I am not a computer guy, I am an industrial engineer with a little love for tech inovations. But this writing is my best help.

Peace! -N

it would really help instill confidence in the coin if atsecure would sign off on releases (including file checksums) with his PGP key. Also, what's with the github? it seems it's wiped in between releases?