Topic: [ANN][XNC] XenCoin | Instant | Stable | Long term Support - New UPDATE!!! - page 21. (Read 75744 times)

The developers should explain their intentions and the future xencoin support. We all are waiting on their clear explanation.
However if anything happens, I still believe in the coin. Because if I noticed and counted it corectly in July, almost all premined coins were already sold and given away so now its fair game as with other coins, people mine it and then can trade it.
And if you compare overall utility to other coins it is almost the same but price is very low.
 For example Infinitycoin. For almost whole July there were even no single buy orders (now I am not sure whether I saw no buy orders on cryptsy or coins-e) since people were selling billions of coins for the lowest possible price of 1 satoshi (0.00000001 btc). (But I must admit that developers of IFC are more active and honest than people who made XNC). However I think whatever happen it could only help Xencoin. Basically I think all cryptocoins will encrease their value in next year or two (but of course some of them will skyrocket and some of them will only double or quadruple the initial investmment - but where else if you dont have your own company - could you get this evaluation?. Of course, it is possible only for "low" amounts, there is not enough liquidity for your pension fund or millions of USD- see http://coinmarketcap.com/ but if you are not Arabian sheikh you do not care. You just invest some reasonable amount which you can afford ($100) and hold it for the longest time or at least years).
I assume, according to my common sense, basically it is because into the cryptoenviroment more money comes in than out. Well, I would say not only more but significantly much more (eg. my friend send his $12000 to MtGox and bought BTC and he is gonna holding coins for the longest time). You can see it on yourself or your friends (how much did you invest into GPU, into your PC, time and electricity devoted to mining, maybe also some fiat money to buy some coins, etc. And compare to it, how much did you "withdraw". I mean - eg. you bought GPU for $200, used it for mining and very probably you did not sell the same GPU for $250 later (and spend the money for something oposite to cryptocoins like shotgun etc). Also the time we spend here reading posts influence price of advertisment here at bitcointalk web and other magazines. So even people who are only reading about coins or googling it influence slightly the price of coins. Of course this is very far from any academic explanations, it is only my thought)
 And in the end I think it leads to overall constantly rising price of all coins. (probably it exists some level where there is a "balance"  and eg currently for bitcoin it flows much more money in than which are needed to make balance so the price goes up)  And besides it we have ongoing inflation and distrust in fiat currencies.
Even if somebody dislikes cryptocurrencies we cannot deny the fact that they offer the best solution to today's world and that they could in many ways substitute weak USD or EUR.

It looks like he did log on again....

Last Active:    August 06, 2013, 12:41:48 PM

I trust the coin. You can relatively easily mine it (or buy it directly at cryptsy or coins-e). It is so cheap so you do not risk anything. Compare Xencoin price eg. to your weekly payment for rent. Even if you completely lost 0.5 m. of coins, would you end under bridge because you would not have enough money to pay the rent? Very probably not. I dont sell any coins.
Premined 100 m. coins are already in circulation (sold or giveaway so it cannot be dumped), you can only gain. If we get new (or the old) developers the coin could skyrocket.
Compare it to eg. Litecoin or PPC - they were (and still are) my favourites for long time (because I cannot afford to buy asics and mine btc or buy many btc directly) but why they are loosing value now? I dont know. I expected Litecoin will double or triple its value once they start trading it on MtGox but perhaps this expectations were already in the price. Actually I am thinking of selling some LTC (or PPC) and buy anything else because Litecoin can drop to 0.02 BTC or lower again especially if btc will rise. And who knows what will happen to PPC, it seems like it was substituted with new coin from Sunny King which is Primecoin.
In any case, even PPC is much more expensive than Xencoin and to be frank, I dont see much difference between them right now. Of course both have different pros and coins. PPC has solid developers for sure but could you trade it directly for USD? no. And could you buy directly something usefull such as computer parts or lunch for PPC? no. So  in the end in total they could appear for common user almost same. But you could have 4000 Xencoins instead of one PPC. 3 weeks ago I bought Infinitecoins for 0.25 LTC and today I could have 1 LTC for my "investment". But I will be holding it because I am curious about IFC. Everybody is looking to bitcoin but in my opinion it is only expectations what keeps alive this outdated coin. The more expensive it will be the more substitutes arise. Now we have hundreds of coins including totaly premined coins like ripple from "banksters" and I wonder how many coins will be once bitcoin will be above $200 or even more.
Xencoin is like penny stocks. With that difference that penny stocks are more expensive for me because even something worth $1 is 6times more expensive than PPC and besides it I have no idea which penny stock to choose... And cryptocoins are much more interesting and usefull than any pennystock.

still wating more news about icobank. i think the bank will open

Any word from the developer?

I'm still interested (and mining) and excited about this coin.

Biggest issue is to find developers which would support further the coin. But it is not something that must be done immediately. There are coins which were months without support and they survived.
If you compare XNC to Ixcoin - coin that is overlooked and without permanent developer so even this coin still lives and people are interested in it. It is all about community around coin and future expectations.
I still believe the coin. I have 2 PCs at home and at work and they are running all the time. So mining with one PC is not problem for me and through mining I can also help to keep coin alive.

People will go to great lengths just to make some quick cash.

Very probably the 5% premine is already among our community. During July most of premined coins were already sold at coins-e - it can be seen from charts and past trades and developers also did generous giveaway of coins to all people who asked for it through July. It seemed that they wanted to giveaway all premined coins, not to save them solely for themselves. Developers cannot dump and sell coins because they do not have anything. They would have to buy coins back from miners for current cheap price if they want to sell them later at higher price.
Besides so far we mined another 50m of coins and everyday we mine some 0.86 m so premined 5%amount is everyday lower and lower in comparison to all circulating coins.

I wonder why the dev would take the time to set up linkedin and add icobank to his profile....  these aren't typically the signs of 'stealing a coin's pre-mine.'   Know what I mean?

Did you try to contact the dev?  Google "CEO at icobank.com" , maybe you can convince him to continue development.

When the dev bailed with the premine, I say let the coin die.  I'm still holding over 400K but what is it good for if there is no support and services.


-tb-

The Idea is good but what will you do to the premine. We don't know where the premine is and what will be done with it.

If we succeed and take over the developement of coin then it could only grow. Still believe that with some effort we all could benefit from relatively vital coin. We already have some small community around coin and it can keep coin alive. The coin is definitely better than many other coins. We could try at least to preserve it. If people stay mining it will live and grow.

why don't you just contact the "CEO at icobank.com" for help. google it.

I haven't completely given up hope on XenCoin yet... Besides I know YAC was able to survive by windmaster taking over the development for pocopoco. 

Name:    pocopoco
Posts:    20
Activity:    20
Position:    Member
Date Registered:    April 27, 2013, 08:29:40 AM
Last Active:    May 09, 2013, 08:48:36 AM

Do we know if anyone is interested in continuing the development of this coin?

Even if cryptsy waited, Cryptsy was the second exchange, since June 24 Xencoin is traded for BTC and LTC at Coins-e.
As I wrote already before it seems that the most of premined coins, if not all, were already sold at coins-e - it can be seen from charts and past trades. So these 100m. coins are already among all of us. I counted how many coins should be and I got the same number as is on http://coinmarketcap.com/.
So developers cannot dump and sell because they should not have much left.
I agree that developers were **** however we can go on without them, we dont need them right now. We may find some other support. Look at other coins such as ixcoin. And also many others lost original developers support and then after some time they got new developers who helped coin.
We cannot loose anything only gain threfore I keep on mining and trying to find some developer who could help us. I take Xencoin as opportunity. Xencoin is very cheap, offers fast confirmations in comparison with other coins, I believe it can only grow.

you say right this time. but next time, who know??? may be just may be. anybody don't like it, pls sell it on cryptsy

Cryptsy should have waited to see if the icobank would materialize or not before listing it.  But again, maybe cryptsy got a nice bounty to list it.  Dev is long gone.  He is busy dumping what's left of the premine. 

Plenty of other coins out there with dev support... move along.


-tb-