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Does XC uses multisig address and transaction? The answer is NO!! Facts here! August 16, 2014, 12:47:03 AM

Last edit: August 16, 2014, 05:27:43 PM by timerland #1







But I am puzzled by the fact that despite they talk like this, I don't see a single multisig address in XC nor do I see any multisig tx. As we all know, these are the central parts, if we do use this technology, we will see a lot talk about it, like in whitepaper, in thread discussions, the multisig addresses and tx are shown in the blockchain explorer etc (look at Superoicn/MammothCoin's threads, there are plenty talk on that. I can find quickly 10 multisig addresses and associated with transactions, they are currently doing alpha tests in mammothcoin network, so all the multisig addresses are for Mammothcoin, soon I expect to see for supercoinsm which is scheduled for beta tests). Can anyone show me XC's multisig addresses and their associated transactions?



This should be an easy thing to do. But since I don't see any, I doubt if the multisig is really implemented in XC. It looks more like a scam to me. Also, when I search the XC thread, I see this from someone (likely a dev of XC):







m-of-m multisig? Are you drunk? What fun will you have to have m-of-m multisig?? If one guy is bad then you want the wallet is locked forever? Do you guys understand what is a multisig address and how to use it?



It looks like this is a scam. Otherwise please show me some good examples you use in XC.



BTW, for Mammothcoin, they are testing for multisig trustless systems now, you see plenty multisig addresses and transactions there, you can even join the tests I think. There are some recordings in Mammothcoin/Supercoin's thread, for example:

http://screencast-o-matic.com/watch/c2j2IinsMO



and this is one of many multisig address with some transactions associated with it (there are plenty similar ones):

http://chainz.cryptoid.info/mamm/address.dws?bTz39geL1BR5UUdAciB8oh1F33eW1FXFcW.htm



Also they explained very clearly the concept and detailed workflow they use for the multisig trustless system:

https://bitcointalk.org/index.php?topic=736705.msg8324932#msg8324932



Can you show me similar details in XC? If it is really there



See below:

EDIT: The answer seems no, the XC dev provided two links with only regular XC addresses. People in the forum created examples of the XC multisig addresses for themSee below:

Quote from: greenclover on August 16, 2014, 05:08:51 PM Quote from: some138 on August 16, 2014, 04:49:35 PM



All the one posted in the above links by synechist are regular XC addresses, they are not multisig addresses, why? because XC's multisig address starts with 4, not X.



I downloaded XC wallet, and from there in console, I created 2 multisig addresses.



I used these 3 private-public key pairs:



public key: 033942099d7fb91a51b0e2899040c36cf5337002f43b2e80ec3afe3c81cbb5a3db

private key: X35fMeU3c159SX4tWVnA7ZW7DxTyw7BCqEmt92Nw5N87kezytJSZ



public key: 02733ae45bf1d7fc5b24dcdbf54c0dd2b106a39233e65cdb47fd0fd925734f4b83

private key: X7oy79myB5WmKXAjey6oZPfo12BHmwRfD9k4rmL2oYUMdjff48NU



public key: 02307e5d3924fa8d95093ed61bfa4ecb4bf108196013ee1de466589bcf3fb212b8

private key: X2z4smxErHnkVBZnWzfPMDMNdMvD3mAnB7w7YD1BFeppf3iqUyWJ



these pairs are derived from the addresses I have. From there I created 2 addresses: 2-of-3 multisig address and 3-of-3 multisig address (though this one is of no use - just to show):



2-of-3 multisig address: 4ShqMQFoQFLBzhXDs3aJJMnDNLZ9JTrxKH

3-of-3 multisig address: 4XCmiwfQCm6gQNrW6kaXZJawLPekQGQf5o



BTW, you can make some deposits to 2-of-3 multisig address, and I can show you how to spend it. I can do a tutorial for you guys who have no ideas on what is a multisig address.



OK, for those from XC who never seen a real XC multisig address, let me show you what it is, and you can tell me if there are any exist today on the blockchainAll the one posted in the above links by synechist areXC addresses, they are not multisig addresses, why? because XC's multisig address starts with 4, not X.I downloaded XC wallet, and from there in console, I created 2 multisig addresses.I used these 3 private-public key pairs:public key: 033942099d7fb91a51b0e2899040c36cf5337002f43b2e80ec3afe3c81cbb5a3dbprivate key: X35fMeU3c159SX4tWVnA7ZW7DxTyw7BCqEmt92Nw5N87kezytJSZpublic key: 02733ae45bf1d7fc5b24dcdbf54c0dd2b106a39233e65cdb47fd0fd925734f4b83private key: X7oy79myB5WmKXAjey6oZPfo12BHmwRfD9k4rmL2oYUMdjff48NUpublic key: 02307e5d3924fa8d95093ed61bfa4ecb4bf108196013ee1de466589bcf3fb212b8private key: X2z4smxErHnkVBZnWzfPMDMNdMvD3mAnB7w7YD1BFeppf3iqUyWJthese pairs are derived from the addresses I have. From there I created 2 addresses: 2-of-3 multisig address and 3-of-3 multisig address (though this one is of no use - just to show):2-of-3 multisig address: 4ShqMQFoQFLBzhXDs3aJJMnDNLZ9JTrxKH3-of-3 multisig address: 4XCmiwfQCm6gQNrW6kaXZJawLPekQGQf5oBTW, you can make some deposits to 2-of-3 multisig address, and I can show you how to spend it. I can do a tutorial for you guys who have no ideas on what is a multisig address.

wow, thanks some138 to show us what are the real multisig addresses in XC.



From what XC's dev's post, and the "multisig" tx and address they provided in the above links, I can say that they did not understand what is a multisig, they mixed multi input/out tx with multisig? Anyway, they did not seem to implement the multisig at all. Looks like they've been cheating all the way along (consciously or unconsciously).



Multisig addresses usually start with a different letter than their regular address. For example, Bitcoin's regular address starts with "1", its multisig address starts with "3". Supercoin's regular address starts with "S", its multisig address starts with "C". Mammothcoin's regular address starts with "M", its multisig address starts with "b". etc. For XC, its regular address starts with X and multisig address starts with "4". Everyone can create a multisig address using XC client and verify yourself.



wow, thanks some138 to show us what are the real multisig addresses in XC.From what XC's dev's post, and the "multisig" tx and address they provided in the above links, I can say that they did not understand what is a multisig, they mixed multi input/out tx with multisig? Anyway, they did not seem to implement the multisig at all.Everyone can create a multisig address using XC client and verify yourself.



XC, a hot alt coin, claims that it is a trustless system and uses multisig technology to do it. See belowBut I am puzzled by the fact that despite they talk like this, I don't see a single multisig address in XC nor do I see any multisig tx. As we all know, these are the central parts, if we do use this technology, we will see a lot talk about it, like in whitepaper, in thread discussions, the multisig addresses and tx are shown in the blockchain explorer etc (look at Superoicn/MammothCoin's threads, there are plenty talk on that. I can find quickly 10 multisig addresses and associated with transactions, they are currently doing alpha tests in mammothcoin network, so all the multisig addresses are for Mammothcoin, soon I expect to see for supercoinsm which is scheduled for beta tests). Can anyone show me XC's multisig addresses and their associated transactions?This should be an easy thing to do. But since I don't see any, I doubt if the multisig is really implemented in XC. It looks more like a scam to me. Also, when I search the XC thread, I see this from someone (likely a dev of XC):m-of-m multisig? Are you drunk? What fun will you have to have m-of-m multisig?? If one guy is bad then you want the wallet is locked forever? Do you guys understand what is a multisig address and how to use it?It looks like this is a scam. Otherwise please show me some good examples you use in XC.BTW, for Mammothcoin, they are testing for multisig trustless systems now, you see plenty multisig addresses and transactions there, you can even join the tests I think. There are some recordings in Mammothcoin/Supercoin's thread, for example:and this is one of many multisig address with some transactions associated with it (there are plenty similar ones):Also they explained very clearly the concept and detailed workflow they use for the multisig trustless system:Can you show me similar details in XC? If it is really there