You have my support!
And my axe!
where will the price go after rev.2? 0.01? 
Any speculation?
Any speculation?We will be able to say 'Hello' to Felix Baumgartner.
Topic: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos - page 1036. (Read 1484201 times)
July 04, 2014, 11:18:28 AM
And my axe!
We will be able to say 'Hello' to Felix Baumgartner.
July 04, 2014, 11:14:31 AM
Hi all
No doubt you all understand the importance of the Chinese market for XC. It's huge, and as a result we recently set up a Chinese forum.
Well, today we're very happy to announce that there is now a Chinese version of the press release.
Spread it far and wide:
http://xc-official.com/XCPlatform/14-07-02%20XCurrency%20Press%20Release%20(Chinese)%20Leading%20Privacy%20Technology.pdf
(English version here)
Very GOOD NEWS!No doubt you all understand the importance of the Chinese market for XC. It's huge, and as a result we recently set up a Chinese forum.
Well, today we're very happy to announce that there is now a Chinese version of the press release.
Spread it far and wide:
http://xc-official.com/XCPlatform/14-07-02%20XCurrency%20Press%20Release%20(Chinese)%20Leading%20Privacy%20Technology.pdf
(English version here)
Thank you!!!
It's very very nice!
July 04, 2014, 11:10:59 AM
Another factor to watch, that will contribute to the rise in value of XC is the velocity of money. The velocity of money is how often a given unit of currency changes hands. Economists say that as the velocity of money goes up for a given currency, so does that currency's value, relative to other currencies. In other words, the more 'useful' a currency is, the more valuable it becomes.
XC currently has an extrememly low velocity of money. The only reason to own XC these days is to speculate on it's future value; the coin is still in beta, and we can only send a max of 10 coins anonymously. And the dev team is only just starting to work on creating multiple uses for XC, including acceptance as a medium of exchange.
As XC becomes useful it's velocity of money will increase, and so will it's value relative to other currencies.
I'm hoping for escape velocity.
[/quote]
Indeed. My guess is that'll come when all the mainstream integration kicks in (Android, POS, ATMs, XC mastercard...).
[/quote]
I think you're right. The coming technical milestone of REV 2 is very important, and so are the coming marketing milestones, but their impact on the price of XC is going to be small compared to the impact on it's price from a high velocity of money.
July 04, 2014, 11:09:51 AM
Hi all
No doubt you all understand the importance of the Chinese market for XC. It's huge, and as a result we recently set up a Chinese forum.
Well, today we're very happy to announce that there is now a Chinese version of the press release.
Spread it far and wide:
http://xc-official.com/XCPlatform/14-07-02%20XCurrency%20Press%20Release%20(Chinese)%20Leading%20Privacy%20Technology.pdf
(English version here)
No doubt you all understand the importance of the Chinese market for XC. It's huge, and as a result we recently set up a Chinese forum.
Well, today we're very happy to announce that there is now a Chinese version of the press release.
Spread it far and wide:
http://xc-official.com/XCPlatform/14-07-02%20XCurrency%20Press%20Release%20(Chinese)%20Leading%20Privacy%20Technology.pdf
(English version here)
This is great news, in addition to this can we all contact bter and ask that they add XC to the CNY market? I'm sure that would help as well.
July 04, 2014, 11:08:57 AM
You have my support!
And my axe!
where will the price go after rev.2? 0.01? Any speculation?
Any speculation?We will be able to say 'Hello' to Felix Baumgartner.
Is it a gold axe?
July 04, 2014, 11:03:23 AM
where will the price go after rev.2? 0.01? Any speculation?
Any speculation?We have a topic for that!
http://forum.xctalk.com/index.php?/topic/76-xc-price-speculation-topic/
July 04, 2014, 10:58:52 AM
You have my support!
And my axe!
where will the price go after rev.2? 0.01? Any speculation?
Any speculation?We will be able to say 'Hello' to Felix Baumgartner.
July 04, 2014, 10:58:17 AM
What a great Holiday... woke up, had a coffee, fired up the Ipad and saw I could buy XC below 19 again, picked up some more coins and also noticed the sell wall looks great. Only 25 BTC to get to .00228 and the buy wall is giant...
I have buy orders back in at 150sat.. if it ever gets there again.. but yes, time to stock up more today
Doesn't look like will get there. Sell wall is small. The last few days shook out some more weak hands. BTC down a little, its a great time to buy.
The thing I like most about this coin is that the mining is complete. Other coins that have watched are fighting dilution. They go up in value, it becomes more and more attractive to mine, and many sell as soon as they get the coins. The supply of coins is increasing on a daily basis and this increases volume, and Market Cap, but puts downward pressure on the price. I looked at some of these coins and thought about investing, but the price I pay per coin is much higher that a the cost of mining a coin. This will eventually catch up and the price will slowly fluctuate up a down, with a longer term downward trend. I am comparing this to traditional investment where if a stock splits, the price in turn doubles so the stock is not diluted. So, why would I invest in a coin that added significant shares through continued mining, with no immediate price change, other than downward sell pressure due to miners wanting to recoup cost and see this as an income source/job. I like XC because it rewards current coinholders with a dividend, like a traditional stock, that is usually kept in the account and not immediately sold. Just trying to think through this... Does this make sense to you?
I've enjoyed reading your posts. You are dead on accurate about the dilution of value with coins that are still being minted. An advantage that XC clearly enjoys.
Another factor to watch, that will contribute to the rise in value of XC is the velocity of money. The velocity of money is how often a given unit of currency changes hands. Economists say that as the velocity of money goes up for a given currency, so does that currency's value, relative to other currencies. In other words, the more 'useful' a currency is, the more valuable it becomes.
XC currently has an extrememly low velocity of money. The only reason to own XC these days is to speculate on it's future value; the coin is still in beta, and we can only send a max of 10 coins anonymously. And the dev team is only just starting to work on creating multiple uses for XC, including acceptance as a medium of exchange.
As XC becomes useful it's velocity of money will increase, and so will it's value relative to other currencies.
I'm hoping for escape velocity.
I agree, while this is called a currency, it is still in it's infancy. Once XC is used as a true currency, its value will stabilize and fluctuate with other currencies in the world market. When or if that happens the price with only 5.5M coins would be beyond most on this board's imagination. This is what makes XC different... Other coins with mining continuing for 20-30 years will struggle for price stability. If they would become a true currency, they would fight inflationary pressures of their coin. An example, if you google or look at the history of Zimbabwe. They printed excess currency to fund political goals and debt. They had hyperinflation of over well over million percent. It cost $145,000 in 2008 for a bread roll, or .69 in USD. Their currency collapsed and now they use other world currencies. While this is an extreme example, cryptocurrency with ongoing mining will fight dilution. I believe this is true of Bitcoin. It had a run up with the principals of velocity and its wider use and acceptance, but it will now fluctuate with other currency and what goods and services it can buy, while fighting dilution from other coins entering the market. This is why it has come back to its current range.
other good examples of hyperinflation include Chile, & Argentina in recent decades, and of course the Weimar Republic - Germany just before WW2. But those are extreme and only useful to prove your point. I don't think that hyperinflation of DRK is going to cause WW3 ! Although it may cause some FUD.....
One way to pose the question of bitcoin's price future is to ask whether the impact of the growth of it's velocity of money, as it gains greater acceptance, will exceed the impact of the decrease in price from dilution, and increasing money supply ?
The fed estimates the velocity of the dollar for a number of different M's. Is there similar measure of the velocity of crypto currencies ?
July 04, 2014, 10:55:13 AM
where will the price go after rev.2? 0.01? Any speculation?
Any speculation? July 04, 2014, 10:54:59 AM
The frontend is copied, i pmed Teka to tell these guys to remove the hints for that from the source code, but i got no answer. Posting this now because I really can t stand when people get praised for something they have not created. I hope you guys do more than copying on the backendside. Supporting you with scrypt asics. Profitability for me: 0,39 XC/MH/d.
P.S. The sha256 profitability you posted can t be correct. Please check again.
Hi I love it when people jump straight to conclusions instead of asking straight up.
I am with a team of people who are developing the multipool software. Chances are you probably visited one our of team's other sites. Everyone in this team works together on the backend and the front end can be similar too.
If you need more clarification on things like that, please ask me direct. We appreciate your support and have nothing to hide.
P.S. If you want to see my receipt from the bootstrap theme site, it can be arranged too. I paid like $14 for it. I think my colleague actually got his version for free probably from the same theme creator.
July 04, 2014, 10:51:40 AM
XC multipool is a joke, right?
0.026858 XC per MH of X11 ? Seriously?
0.026858 XC per MH of X11 ? Seriously?
Not sure where you're pulling that figure from. You can't compare one MHs from one algo with another. e.g. you can't compare 1MHs for scrypt with 1MHs with Sha256 on a direct like for like basis.
As is it stands right now for the multipool we have something like this, as time goes on we will get a clearer picture of the profitability.
Scrypt ~ 0.5 XC/MHs/Day
X11 ~ 0.5 to 1 XC/MHs/Day
SHA256 ~ 1.5 to 2 XC/MHs/Day
However this could be off now as these are based on XC being 0.0012 lol a lot has happened in the past 24 hours.
Happy 4th!
Sta
I have been mining at the pool since it's inception with about 7 Mh/s scrypt & 15 Mh/s x11, XY9AzsxrfbgpsPjnqEq3YyYGyzy273kyK6. I have seen results close to the above for scrypt, but x11 has been way behind. These are my payouts through July 3, Thursday:
scrypt: 18.42575
x11: 6.34761
These are for similar time periods; I'm pretty sure. I had them all pointed towards the XC pool almost the whole time that it's been up, as it's the first pool on my miners, with failover to another. You state above that I should be earning x11 to scrypt at a ratio of greater than 1, in fact of between 1 and 2. I've been earning 3 times as much scrypt for the same time periods. So your statement above is WAY off.
Why do you think that is ?
The Beta-ness of the pool ?
Do you expect this to increase over time ?
Thanx,
Yes stats at the moment appear off but I'm not basing them on any one payout. I shouldn't have posted those stats, they are now obsolete as XC is now like 50% higher and are wrong by todays prices.
Scrypt miners got lucky for one payout, we mined alot of zedcoins with less than 1 diff - it turns out that Zedcoin forked, but instead of us losing the coins, Cryptsy gave them to us anyway, so we paid them out, that's why scrypt payouts seems a lot higher. X11 payout is on the low side I do agree and will only get better with time.
We are an infant among multipools, we have just been born - one week old.
Your support is appreciated.
You have my support!
July 04, 2014, 10:48:23 AM
Hi all
No doubt you all understand the importance of the Chinese market for XC. It's huge, and as a result we recently set up a Chinese forum.
Well, today we're very happy to announce that there is now a Chinese version of the press release.
Spread it far and wide:
http://xc-official.com/XCPlatform/14-07-02%20XCurrency%20Press%20Release%20(Chinese)%20Leading%20Privacy%20Technology.pdf
(English version here)
Very GOOD NEWS!No doubt you all understand the importance of the Chinese market for XC. It's huge, and as a result we recently set up a Chinese forum.
Well, today we're very happy to announce that there is now a Chinese version of the press release.
Spread it far and wide:
http://xc-official.com/XCPlatform/14-07-02%20XCurrency%20Press%20Release%20(Chinese)%20Leading%20Privacy%20Technology.pdf
(English version here)
Thank you!!!
July 04, 2014, 10:44:06 AM
Hi all
No doubt you all understand the importance of the Chinese market for XC. It's huge, and as a result we recently set up a Chinese forum.
Well, today we're very happy to announce that there is now a Chinese version of the press release.
Spread it far and wide:
http://xc-official.com/XCPlatform/14-07-02%20XCurrency%20Press%20Release%20(Chinese)%20Leading%20Privacy%20Technology.pdf
(English version here)
No doubt you all understand the importance of the Chinese market for XC. It's huge, and as a result we recently set up a Chinese forum.
Well, today we're very happy to announce that there is now a Chinese version of the press release.
Spread it far and wide:
http://xc-official.com/XCPlatform/14-07-02%20XCurrency%20Press%20Release%20(Chinese)%20Leading%20Privacy%20Technology.pdf
(English version here)
July 04, 2014, 10:31:57 AM
What a great Holiday... woke up, had a coffee, fired up the Ipad and saw I could buy XC below 19 again, picked up some more coins and also noticed the sell wall looks great. Only 25 BTC to get to .00228 and the buy wall is giant...
I have buy orders back in at 150sat.. if it ever gets there again.. but yes, time to stock up more today
Doesn't look like will get there. Sell wall is small. The last few days shook out some more weak hands. BTC down a little, its a great time to buy.
The thing I like most about this coin is that the mining is complete. Other coins that have watched are fighting dilution. They go up in value, it becomes more and more attractive to mine, and many sell as soon as they get the coins. The supply of coins is increasing on a daily basis and this increases volume, and Market Cap, but puts downward pressure on the price. I looked at some of these coins and thought about investing, but the price I pay per coin is much higher that a the cost of mining a coin. This will eventually catch up and the price will slowly fluctuate up a down, with a longer term downward trend. I am comparing this to traditional investment where if a stock splits, the price in turn doubles so the stock is not diluted. So, why would I invest in a coin that added significant shares through continued mining, with no immediate price change, other than downward sell pressure due to miners wanting to recoup cost and see this as an income source/job. I like XC because it rewards current coinholders with a dividend, like a traditional stock, that is usually kept in the account and not immediately sold. Just trying to think through this... Does this make sense to you?
I've enjoyed reading your posts. You are dead on accurate about the dilution of value with coins that are still being minted. An advantage that XC clearly enjoys.
Another factor to watch, that will contribute to the rise in value of XC is the velocity of money. The velocity of money is how often a given unit of currency changes hands. Economists say that as the velocity of money goes up for a given currency, so does that currency's value, relative to other currencies. In other words, the more 'useful' a currency is, the more valuable it becomes.
XC currently has an extrememly low velocity of money. The only reason to own XC these days is to speculate on it's future value; the coin is still in beta, and we can only send a max of 10 coins anonymously. And the dev team is only just starting to work on creating multiple uses for XC, including acceptance as a medium of exchange.
As XC becomes useful it's velocity of money will increase, and so will it's value relative to other currencies.
I'm hoping for escape velocity.
I agree, while this is called a currency, it is still in it's infancy. Once XC is used as a true currency, its value will stabilize and fluctuate with other currencies in the world market. When or if that happens the price with only 5.5M coins would be beyond most on this board's imagination. This is what makes XC different... Other coins with mining continuing for 20-30 years will struggle for price stability. If they would become a true currency, they would fight inflationary pressures of their coin. An example, if you google or look at the history of Zimbabwe. They printed excess currency to fund political goals and debt. They had hyperinflation of over well over million percent. It cost $145,000 in 2008 for a bread roll, or .69 in USD. Their currency collapsed and now they use other world currencies. While this is an extreme example, cryptocurrency with ongoing mining will fight dilution. I believe this is true of Bitcoin. It had a run up with the principals of velocity and its wider use and acceptance, but it will now fluctuate with other currency and what goods and services it can buy, while fighting dilution from other coins entering the market. This is why it has come back to its current range.
July 04, 2014, 10:30:10 AM
XC multipool is a joke, right?
0.026858 XC per MH of X11 ? Seriously?
0.026858 XC per MH of X11 ? Seriously?
Not sure where you're pulling that figure from. You can't compare one MHs from one algo with another. e.g. you can't compare 1MHs for scrypt with 1MHs with Sha256 on a direct like for like basis.
As is it stands right now for the multipool we have something like this, as time goes on we will get a clearer picture of the profitability.
Scrypt ~ 0.5 XC/MHs/Day
X11 ~ 0.5 to 1 XC/MHs/Day
SHA256 ~ 1.5 to 2 XC/MHs/Day
However this could be off now as these are based on XC being 0.0012 lol a lot has happened in the past 24 hours.
Happy 4th!
Sta
I have been mining at the pool since it's inception with about 7 Mh/s scrypt & 15 Mh/s x11, XY9AzsxrfbgpsPjnqEq3YyYGyzy273kyK6. I have seen results close to the above for scrypt, but x11 has been way behind. These are my payouts through July 3, Thursday:
scrypt: 18.42575
x11: 6.34761
These are for similar time periods; I'm pretty sure. I had them all pointed towards the XC pool almost the whole time that it's been up, as it's the first pool on my miners, with failover to another. You state above that I should be earning x11 to scrypt at a ratio of greater than 1, in fact of between 1 and 2. I've been earning 3 times as much scrypt for the same time periods. So your statement above is WAY off.
Why do you think that is ?
The Beta-ness of the pool ?
Do you expect this to increase over time ?
Thanx,
Yes stats at the moment appear off but I'm not basing them on any one payout.
Scrypt miners got lucky for one payout, we mined alot of zedcoins with less than 1 diff - it turns out that Zedcoin forked, but instead of us losing the coins, Cryptsy gave them to us anyway, so we paid them out, that's why scrypt payouts seems a lot higher. X11 payout is on the low side I do agree and will only get better with time.
We are an infant among multipools, we have just been born - one week old.
Your support is appreciated.
You're doing great work. The front end is original and looks great, and I expect a few growing pains. Besides, the unexpected bonus in scrypt more than makes up for the ramp up in x11.....It's good you decided to pass it on - you're keeping the element of luck in mining !
I would buy XC with my mining profits anyways, so I really enjoy the convenience of the multi-pool, and will continue to mine with you.
The frontend is copied, i pmed Teka to tell these guys to remove the hints for that from the source code, but i got no answer. Posting this now because I really can t stand when people get praised for something they have not created. I hope you guys do more than copying on the backendside. Supporting you with scrypt asics. Profitability for me: 0,39 XC/MH/d.
P.S. The sha256 profitability you posted can t be correct. Please check again.
July 04, 2014, 10:25:32 AM
Really wish Coinbase had higher limits on instant purchases... would love to buy a little more at these prices.
July 04, 2014, 10:13:13 AM
XC multipool is a joke, right?
0.026858 XC per MH of X11 ? Seriously?
0.026858 XC per MH of X11 ? Seriously?
Not sure where you're pulling that figure from. You can't compare one MHs from one algo with another. e.g. you can't compare 1MHs for scrypt with 1MHs with Sha256 on a direct like for like basis.
As is it stands right now for the multipool we have something like this, as time goes on we will get a clearer picture of the profitability.
Scrypt ~ 0.5 XC/MHs/Day
X11 ~ 0.5 to 1 XC/MHs/Day
SHA256 ~ 1.5 to 2 XC/MHs/Day
However this could be off now as these are based on XC being 0.0012 lol a lot has happened in the past 24 hours.
Happy 4th!
Sta
I have been mining at the pool since it's inception with about 7 Mh/s scrypt & 15 Mh/s x11, XY9AzsxrfbgpsPjnqEq3YyYGyzy273kyK6. I have seen results close to the above for scrypt, but x11 has been way behind. These are my payouts through July 3, Thursday:
scrypt: 18.42575
x11: 6.34761
These are for similar time periods; I'm pretty sure. I had them all pointed towards the XC pool almost the whole time that it's been up, as it's the first pool on my miners, with failover to another. You state above that I should be earning x11 to scrypt at a ratio of greater than 1, in fact of between 1 and 2. I've been earning 3 times as much scrypt for the same time periods. So your statement above is WAY off.
Why do you think that is ?
The Beta-ness of the pool ?
Do you expect this to increase over time ?
Thanx,
Yes stats at the moment appear off but I'm not basing them on any one payout.
Scrypt miners got lucky for one payout, we mined alot of zedcoins with less than 1 diff - it turns out that Zedcoin forked, but instead of us losing the coins, Cryptsy gave them to us anyway, so we paid them out, that's why scrypt payouts seems a lot higher. X11 payout is on the low side I do agree and will only get better with time.
We are an infant among multipools, we have just been born - one week old.
Your support is appreciated.
You're doing great work. The front end is original and looks great, and I expect a few growing pains. Besides, the unexpected bonus in scrypt more than makes up for the ramp up in x11.....It's good you decided to pass it on - you're keeping the element of luck in mining !
I would buy XC with my mining profits anyways, so I really enjoy the convenience of the multi-pool, and will continue to mine with you.
July 04, 2014, 10:11:21 AM
I'm interested in this coin but I was looking over the codebase, is there any reason you decided to remove the git history?
Obviously this was forked from another coin and for some reason the entire git history was removed and the codebase was pushed in one commit.
It is hard to follow what is going on and where it is coming from.
Obviously this was forked from another coin and for some reason the entire git history was removed and the codebase was pushed in one commit.
It is hard to follow what is going on and where it is coming from.
Obviously ALL Alt coins are FORKED versions of some other coin... except Bitcoin, which was forked from Jesus himself.
Not really true. Apparently you're not familiar with Bytecoin, which is spawning a number of forks now (including Monero which has overtaken it), but it was an entirely new codebase, not forked from anything (except perhaps crypto-jesus). Also, I've seen a coin coded entirely in python that was written from scratch as well, but I don't think anyone is actually using that one.
July 04, 2014, 10:10:18 AM
What a great Holiday... woke up, had a coffee, fired up the Ipad and saw I could buy XC below 19 again, picked up some more coins and also noticed the sell wall looks great. Only 25 BTC to get to .00228 and the buy wall is giant...
I have buy orders back in at 150sat.. if it ever gets there again.. but yes, time to stock up more today
Doesn't look like will get there. Sell wall is small. The last few days shook out some more weak hands. BTC down a little, its a great time to buy.
The thing I like most about this coin is that the mining is complete. Other coins that have watched are fighting dilution. They go up in value, it becomes more and more attractive to mine, and many sell as soon as they get the coins. The supply of coins is increasing on a daily basis and this increases volume, and Market Cap, but puts downward pressure on the price. I looked at some of these coins and thought about investing, but the price I pay per coin is much higher that a the cost of mining a coin. This will eventually catch up and the price will slowly fluctuate up a down, with a longer term downward trend. I am comparing this to traditional investment where if a stock splits, the price in turn doubles so the stock is not diluted. So, why would I invest in a coin that added significant shares through continued mining, with no immediate price change, other than downward sell pressure due to miners wanting to recoup cost and see this as an income source/job. I like XC because it rewards current coinholders with a dividend, like a traditional stock, that is usually kept in the account and not immediately sold. Just trying to think through this... Does this make sense to you?
I've enjoyed reading your posts. You are dead on accurate about the dilution of value with coins that are still being minted. An advantage that XC clearly enjoys.
Another factor to watch, that will contribute to the rise in value of XC is the velocity of money. The velocity of money is how often a given unit of currency changes hands. Economists say that as the velocity of money goes up for a given currency, so does that currency's value, relative to other currencies. In other words, the more 'useful' a currency is, the more valuable it becomes.
XC currently has an extrememly low velocity of money. The only reason to own XC these days is to speculate on it's future value; the coin is still in beta, and we can only send a max of 10 coins anonymously. And the dev team is only just starting to work on creating multiple uses for XC, including acceptance as a medium of exchange.
As XC becomes useful it's velocity of money will increase, and so will it's value relative to other currencies.
I'm hoping for escape velocity.
My expectasion of this was 20% 4 weeks ago. I have it at 80% currently
July 04, 2014, 10:09:51 AM
What a great Holiday... woke up, had a coffee, fired up the Ipad and saw I could buy XC below 19 again, picked up some more coins and also noticed the sell wall looks great. Only 25 BTC to get to .00228 and the buy wall is giant...
I have buy orders back in at 150sat.. if it ever gets there again.. but yes, time to stock up more today
Doesn't look like will get there. Sell wall is small. The last few days shook out some more weak hands. BTC down a little, its a great time to buy.
The thing I like most about this coin is that the mining is complete. Other coins that have watched are fighting dilution. They go up in value, it becomes more and more attractive to mine, and many sell as soon as they get the coins. The supply of coins is increasing on a daily basis and this increases volume, and Market Cap, but puts downward pressure on the price. I looked at some of these coins and thought about investing, but the price I pay per coin is much higher that a the cost of mining a coin. This will eventually catch up and the price will slowly fluctuate up a down, with a longer term downward trend. I am comparing this to traditional investment where if a stock splits, the price in turn doubles so the stock is not diluted. So, why would I invest in a coin that added significant shares through continued mining, with no immediate price change, other than downward sell pressure due to miners wanting to recoup cost and see this as an income source/job. I like XC because it rewards current coinholders with a dividend, like a traditional stock, that is usually kept in the account and not immediately sold. Just trying to think through this... Does this make sense to you?
I've enjoyed reading your posts. You are dead on accurate about the dilution of value with coins that are still being minted. An advantage that XC clearly enjoys.
Another factor to watch, that will contribute to the rise in value of XC is the velocity of money. The velocity of money is how often a given unit of currency changes hands. Economists say that as the velocity of money goes up for a given currency, so does that currency's value, relative to other currencies. In other words, the more 'useful' a currency is, the more valuable it becomes.
XC currently has an extrememly low velocity of money. The only reason to own XC these days is to speculate on it's future value; the coin is still in beta, and we can only send a max of 10 coins anonymously. And the dev team is only just starting to work on creating multiple uses for XC, including acceptance as a medium of exchange.
As XC becomes useful it's velocity of money will increase, and so will it's value relative to other currencies.
I'm hoping for escape velocity.
Indeed. My guess is that'll come when all the mainstream integration kicks in (Android, POS, ATMs, XC mastercard...).
Jump to: