Piss-weak market reaction, thought everyone was millionaire by now
Similar ratio to darkcoin that litecoin has to bitcoin in marketcap. Shows market already priced in anon feature during the nuclear runup yesterday. Also shows first-adopter coins fare better even when similar coins function better fundamentally (won't call this a clone coin if the dev has some unique code). Maybe the future holds more to this coin, but until then gratz to early buyers yesterday on poloniex
if we look at the price of other Anon Coin's price, such as dark and MRo also QCN, we know XC coin still have a lot of potential. And the price is still cheap. XC coin may rank in top10 on coinmarketcap after everything is ready.
this coin will take drk's spot,i'm sure of it, Evan is a good coder, but i dn't think he is on the level of ours, the price of XC when it's all said and done will probably shock the shit out of all of us. one thing to think about is DRKsend wasn't enough so Evan is adding ring signatures, but what our DEV recognized that he didn't is that it will bloat the block chain and make useless to mass usage, who is more on the ball? i will let u decide, another thing is Evan, and don't get me wrong DRK is awesome and he has done great! but his past experience was building bots at home, ours has years of experience of not only extensive coding, working for government agency's, he also ran a company, a crypto is not just a currency, it's a business, a company, well it should be, and what we have here is not only a guy who can deliver the product and constantly enhance to compete with the best, but he will know how to manage it when it gets big, who knows if Evan is up to this task, only time will tell
The dev seems to know his stuff in the technical department and might even be more qualified for the job (this type of job requires someone with the mindset of Anonymint really - which is highly paranoid on things related to security and holes in the design). If I had to rate them, from what I see, I'd say you are right in the security background etc etc, but keep in mind though that Evan also has a financial background and the economic model of dark is one of the best around. So, a crypto being primarily a currency, is very largely affected by economic decisions and economic design.
Stuff like coin number and inflation are critical. If I know that there will be 10 coins more tomorrow per one coin today, why would I buy big with all this dilution? This stuff needs capping and it needs capping yesterday. Being an "infinite" coin through PoS production is also not good for rarity which makes it less valuable - you become something like a DOGEcoin. Arbitrary block numbers like 333 coins per block, 3.33% inflation, 33.3mn coins heavily remind shitcoins even if the technology of the anonymity proves very good. These are stuff that need better design. They are CRITICAL to success.
If everything is staked (not likely, but just to illustrate) 3,33% inflation* through interest means that by year ten these 33.3mn coins will be 44mn and by year 30 it'll be 86mn coins. The interest in itself inflates the coin so the owner gets nothing in reality because the monetary base has been ...debased.
We need much less coin generation (10m sounds good), much less interest and debasement (for those that could be arguing "
oh I bought thinking I'll get 3.33% on my coins, think that if the monetary base expands by a similar amount, you'll only win if someone actually buys the extra coins - which is less likely to happen if they know that the coin will be continuously debasing".
The dev must make a decision soon and fix the economic model, no matter what the haters say.
No matter what's happening right now in terms of technology, MRO people are clueless in terms of inflation and massive reward as the production can't be absorbed (I tried to tell them about the price stagnation and that they need to do something - but didn't really listen) and X11coin is problematic in its design as an economic instrument, which I'm highlighting right now and perhaps it'll be fixed.
* 3.33% = worse than gold's 1.3% (2.500 tons added per year in a 180.000 ton above ground supply). Even if half the quantity is staked then it's again >1.3% which is the absolute benchmark in terms of finance.
Consult someone with financial background, see what other cryptos are doing and fix it fast along with the distribution otherwise it will hamper long-term prospects. Then fix the name / brand. And these, all the while working on the anonymity aspect.
My 0.02 duffs.
EDIT: I made an error above claiming infinity for POS, as the cap is set for 33mn.
(tears of joy)
