Topic: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos - page 1008. (Read 1484201 times)

And this:

I held a very small bag but thanks to Dan Da Man, its a pretty good little bag now!

The progress made so far has been nothing short of spectacular.  I actually never gave the pre-mine too much weight.  One can argue that the premine is worth a lot to worry about....  But what if the dev just never cared?  How much would the premine be worth now?

The man hired at least 3 or 4 coders to further advance the coin (if my memory serves me still), nothing comes for free...

Edit:  There are early miners who just mined on faith from the start and have a lot more than the premine....Lucky "basterds" lol
         You should fear "CryptoG" and "BrewCrew" more  

Can't go to those bitcoin conference and meet up with investors without any money.     I would say whatever money they have used to go to those things have been money well spent.

+100 This is all XC is about!

This.  Plus Dan has already stated he is also using the premine to help fund development.

I couldn't care less what the dev does with the pre-mine so long as the project delivers, which it has been doing.

I highly doubt a programmer of Dan's caliber and real world experience would be working his ass off for this coin if there wasn't a pre-mine.

Based on your previous post, it does appear your question is legitimate and you probably did get burned by Silk, however this is a much different coin.  You can read through my post if you like as someone looking at this from a traditional investing standpoint for more detail, however here are the big picture highlights of why this is different and has a bright future:

*Small initial premine that was transparent.  Some of this is used as promotion, but also there is enough to make it worthwhile to see this to fruition.
*Dev has under promised and over delivered each and every deadline.  This is documented.  I expect starting tomorrow this will continue.  
*Anonymity is fully functional and state of the art.  A bounty was given with the last release and was not claimed.
*Dev Team is also transparent with years of experience and great resumes
*Amount of coins is set, mining is complete.  A 3.3% year "dividend" will be distributed.  This will not cause dilution of the coin.
*The older this coin gets the more mature it has become.   The logo, the communication, the PR push and I suspect tomorrow the new wallet and website will be great.  The community is cohesive and understands this may be the one to be the Facebook to Myspace and could push Bitcoin for global acceptance in the future.
The end game is an accepted world wide currency that offers other platform services.

I hope to tell my grandchildren someday that I was part of the early community of XC.  As I have stated in the past, I will continue to believe in the fundamentals and hold until a I see a deviation in the plan.  Reading through many other coin threads, this is the only one I found that continues to deliver and deliver.  The team sees this as a true currency and has a solid plan thats being executed instead of a whitepaper full of hopes and dreams with a couple of kids in an apartment or dorm room hoping to make some quick cash.

Just the transfer volume isn't always the amount under someones control. The premine is 125k and it was moved a few times for testing.

You don't need to answer me in a negative tone. I just asked some questions I wanted to know the answer of, nothing else. I'm just much more careful now that is why I'm asking. Anyways, thanks for giving me some answers! So people have donated more than 2M XC to the fund?

I was debating between CLOAK and XC.  CLOAK is fumbling through a fork as we speak and I was thinking about buying into that, but after hearing in their IRC chatroom that the dev has family over and can't attend to the current crisis they're having, I bought XC instead.  Can't wait to see what happens with this one.

Less than 8 hrs EST to 7/7 !!!!

just to confirm  --

I see you sold most of your coins at 240.. must suck.. not too late to buy back before we push pass 003. 

See post from ATCSecure.. the address is also used for staking my friend.. not to worry.. just buy!

https://bitcointalksearch.org/topic/m.7057964

I don't normally invest in coins with premines as there are too many scammers out there, no need to panic, ATC is trust worthy, he has proven himself time and time again, plus he has given his identity out, a very rare thing in crypto.

The premine is 125k XC; that is 125,000 XC ; that is the premine amount, its in the OP.  

The transfer volume is so high because developers are constantly using THEIR funds for pushing PR campaigns, and paying out of pocket with their XC to better the entire community.

The other reason that the volume is so high is because intelligent investors donate to the development fund; because they just like XC developers, want to see success.

You clearly need to re inform yourself of any and all 'understood' protocol you think you grasp.

ghehe I wanted him to look that up for himself

Also, Dan mentioned that it was split into smaller address to help with staking.

The premine is being used to fund xc, as well as Dan's personal funds. Our team's name is out there and you can find out more: http://xc-official.com/XCPlatform/14-06-16%20Team%20Announcement%20D.pdf . I personally have a proven track record of trustworthines, before xc and dan was a member on here before xc. I believe that we have gained enough trust to a point where this no longer an issue to many people.

You ask legitimate questions. All to be found within this thread. Im currently not able to find it for you but you can try by using the searchbar yourself

Can anyone tell me more about the premine? I see that it is on the address: XS4QLi6VpQQo79HLkoFBj5YZkn6p6TuLKG and current balance is 76797.637446. It state that 1261026.235632 was received and 1184228.598186 was sent. How come that large volume? And where can I find a motivation for every transaction? I'm just quite afraid of large premines after being scammed before, and the value of this is currently 210 btc ~= $133,770. That is pretty much and can easily ruin the market if being dumped.

I have a feeling we might not see a retracement in the mid 250s. There is too much buying support around.