Topic: Why XC Is The New Bitcoin (Read 948 times)

This guy just scanned the blockchain for an outgoing transaction of the same amount as the one he received within a similar time frame. This loophole is going to be closed in the next version, the developer even said he had already written the code to split up outgoing transactions but just not activated it yet.

Chaeplin is a Darkcoin developer with a personal interest in discrediting XC.

I'll give him props for creatively justifying his bag though.  

XC anonymity was broken in an under an hour - a pattern was found.

https://bitcointalksearch.org/topic/m.7118727
https://bitcointalksearch.org/topic/m.7108788

Dynamic learning trust system is flawed when its not even implemented - coins can be stolen from mixers.

https://bitcointalksearch.org/topic/m.7098040

You have got to be dreaming mate.

You just said everything I was thinking.

+1

Why XC, not DRK, MRO or something that will come out with much better anon tech? you seem pretty confident in one horse, don't get too confident. If anything is certain in crypto it's change.
Im also gonna go out on a limb and say if things really go to hell like you describe, guns, ammo, food and fuel will be priority 1. No one is gonna give a shit about crypto when their main concerns are survival.

I originally posted this on the XC thread but I think people were too busy talking about tests to bother reading such a long post so I think it deserves it`s own topic. This post encapsulates my political and economic beliefs and theories that I have held over the last few years which propelled me to invest so much into this coin when it was still relatively unknown. Thanks for reading.

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I know enough about politics and economics to confidently claim we are being shafted by our governments and leaders and anyone paying 30-50% tax while also having to pay for the right to build on a piece of land is effectively being enslaved by the ruling classes.

We are all slaves of the system but there is a way out. In high levels of politics and business there is currently a war being waged between the public and private sector. Most governments around the world tax rich companies and individuals differently from normal people, agreements are made in private over meals or on luxury yachts. The agreements usually involve a lot of `red packets` as they say in China, or `brown envelopes` as they say in the UK.

The war is currently being won by the private sector due to the currency and residency freedoms brought about via globalization however due to the centralized nature of common currencies it is possible to trace and track down the destination of capital that governments are trying to tax or confiscate.

As a normal person there is no way to receive a fair share of economic production and this has been the case throughout history. There was a brief thirty year period between 1950 and 1980 whereby due to the after effects of World War Two Western governments had to put taxes up very high for the richest people. At the same time there was a massive boom in added value production during a period where oil was still cheap and there was not much automation.

This meant that manual labour was paid very well due to the lack of automation and cheap oil at the same time helped cause very fast growth in production. So with the rich getting poorer and manual labour being rewarded better the capital VS labour calculation started to balance more in favour of labour.

However in the last two decades due to automation and outsourcing and the freedoms brought about via globalisation, as well as new technologies making the quality of life better in many countries there were two major consequences. One being that manual labour stopped being a rewarding skill and the second being that as a person with capital (ie rich) it was much easier to move to a tax free country or keep your finances obfuscated overseas from your resident country`s government.

Governments can no longer effectively tax rich people or large companies so have to put up taxes for normal people through a mixture of normal income taxes and hidden secondary taxes such as VAT and monetary inflation which is in fact just a clever way to tax people.

Due to the nature of how our economic system works the more competitive it gets for labour (automation and outsourcing) the more power capital has versus labour and this trend will continue and intensify in the coming decades.

The only way to escape the capital VS labour rat race is to usurp the economic system by holding shares in an anonymous currency like XC because then you become an economic asset to anyone looking to transfer funds away from the eyes of governments. And I can tell you in China alone there are hundreds of billions of dollars held by the richest middle class in the world, I am talking more than fifty or a hundred times bigger than the US middle class.

Many of these people would like to be able to transfer either a fraction or all of their wealth outside of China in order to protect themselves from higher taxes or inflation in future, both of which are an inevitability in the global race for `growth` which will cause a worldwide depression bigger than any in history.

When this worldwide depression hits there will be a massive wall of money trying to come out of China that cannot be sent through traditional currency transfers. And guess how it will be sent? That`s right, XC!

And if you are wondering who will be there to facilitate the transactions coming out of China, well that is the beauty of capitalism. As long as there is a significant demand for capital to be sent and safely stored overseas then there will a competitive market to provide this service in future.

Maybe it should be possible to also delete a log of the receiver address from the wallet of the sender? In case of government confiscation of said wallet. This would cause more people to use XC to send large sums of money anonymously which is the ultimate goal of the coin with the added benefit to early XC supporters/adopters of adding buy pressure to the price.

Owning XC is like a way of taxing the rich when the inevitable capital flight takes place after the also inevitable coming worldwide economic depression. Economic systems work in cycles but currently governments around the world are using inflation and taxes to keep an over twenty year trade and commodities bubble from popping.

When the depression comes governments will get so desperate that they will try to confiscate or tax as much wealth as they can since the high level of unemployment will make taxing labour ineffective then add the cost of social security soaring due to unemployment of over 50% and this is why capital will naturally flow into or through XC as a safe haven from governments.

My economic prediction is shared by many people across the world. This is simply the power of compounding inflation. The system will keep growing until governments have no option than to confiscate wealth and eventually tax the country to death until some kind of social revolution. In this scenario billions of dollars will flow into XC making it even bigger than Bitcoin.