When you say that, are you referring to Bitcoin 3rd party development like Dark Wallet? Or the core dev team? I don't think the core dev team would ever implement that tech in to Bitcoin even if it was perfect.

Why would they not want to adopt it? We're talking about Bitcoin as in the open source beta phase project.

And this just highlights one of the most serious issues with Bitcoin as a project. Someone needs control over it but also the vote of the majority should certainly count. This is where Mike Hearns light house project may come into its own, not just funding the devs but breaking them away from the Bitcoin Foundation and also allowing people to show their support for features they would like to see.

If Lighthouse ends up working that way then it could be interesting to see what direction Bitcoin takes. But even then we already have the vested interests of the Bitcoin Foundation and it would take some sort of political upheaval within the Bitcoin dev community to really change the status quo.

I think it was a Mike Hearn interview where he said that Wladimir doesn't even touch the core protocol due to political issues. And he's a PHD who's apparently supposed to be Gavin's successor as lead dev! (edit: I can't find the quote yet though all I've been able to find is that he said Gavin is pretty much the only one who does touch the core protocol. I might have misremembered, not sure. edit2: found the quote, pasted at the bottom)

To be honest though I don't really mind that whole mess since it bodes quite well for our respective 'alternative' choices of curenncy.

For now we don't. But the proposed BitLicence regulations out of New York State do target alts unfortunately.

That is better than nothing, but having only such a short part of the whole thing makes it hard to reason about with the bigger picture in mind. If there was the usual diff header, it would be a bit easier. Considering that it is also outdated already, I do not feel like investing time into figuring how it works. I hope you understand.


Please see: Kerckhoffs's principle

Cryptographic contests and bounties where the systems inner working are not published, are generally not accepted among cryptographers.

While Kerckhoffs's principle mainly applies to cryptographic systems, following Shannon's maxim, I believe it should be applied analogously to anonymity systems. If the way the system works is opaque, you cannot reason well about its security.


This is a very strange claim. CoinJoin was originally designed to be decentralized and trustless. To me, it sounds more like you have implemented CoinJoin the way it was originally supposed to be built.


Let us hope for their sake that nobody hex edits name and certain other things in the binary to launch a clone coin. :-)

I dont see them stop me paying in crypto at some underground stripclub if The owner decided to accept it as payment

Or at any other service or internet business

Same thing as with prohabition.. Aint gonna work

No, XC no longer has any degree of centralisation. Every node forwards/mixes transactions trustlessly.

There's also currently no minimum amount of coins required to run an Xnode. The app does it automatically.

The benefit of operating an xnode will be:

- you get tx fees, though these are still to be determined. Chances are they'll be very low.

- you get to use secure private messaging (currently working; update due shortly)

- you get to stake


The messaging thing is the strongest incentive to keep apps running.

If we need to provide more of an incentive we might increase tx fees. But we expect tx volume to make up for low fees in due course.

You should remember that open source is only as good as the time you spend at actually checking the code.
=> open source is good, audited open source is better

Yes, I understand the fiat-gateway problem very good. And I agree with Bitcoin (related businesses) complying to this. Establish a trusted protocol and brand a #1 crypto is what they should do. Alt(s) should focus on widening the scoop of adoption by serving they're expertise to special niches (insert any niche you want). Adopters of Alt(s) will come to Bitcoin definitely by design (of the current exchanges).

If someone makes his money in a cryptocurrency and never goes back to fiat there will be no taxation. Eventually the hole business cycle will be in crypto. Good luck to regulators when that point comes