Topic: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos - page 1037. (Read 1484248 times)

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.

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.

Yes, Teka and Pizpie are onto this.

Is anyone on the XC team pursuing this?  I hope so... as well as other payment processors.

Thank you very much.

You sir are spot on.

This sounds accurate, I was getting a larger payout on Scrypt for the same amount of work I was putting in on X11....   Been on X11 for awhile now, payut seems low :?

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 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,

FUD me once shame on you, FUD me twice...

ROFL   

I have buy orders back in at 150sat.. if it ever gets there again.. but yes, time to stock up  more today

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...

hell nah braw

Oke thanks for the answer

Man, you have such nice writing skills!

can someone tell me if banks are open today in USA?

Obviously ALL Alt coins are FORKED versions of some other coin...  except Bitcoin, which was forked from Jesus himself.

Yes, let's call this an end. I've already told you the details of the situation. Yet you've now ignored my statement about XC's stance on open source and asked whether it's a "closed source coin". Read what I said, or else you just come across as a fudder.

However this is a good opportunity to fully state XC's stance on open source:

XC is committed to the open source model. Open source code is vital for the health and advancement of cryptographic technologies, and it is a privilege to share our technical breakthroughs with a community such as this. We believe that XC's code embodies several world-firsts enabling anonymity that is scalable, mobile-friendly, POS-integrated, and is ultimately a platform upon which a broad range of Blockchain 2.0 technologies will be built. However we have been under severe attack from competing projects. Furthermore people’s faith in altcoins is significantly hindered by clones. Therefore we believe that the ethical way to engage with the community is to make code available on a delayed timeline. This way, the community will still benefit from our work, while we'd reduce the incentive for developers to flood the marketplace with clones that lack a long term future and reduce the trustworthiness of the altcoin phenomenon. XC represents several market-leading innovations, and we are honoured to make these available to the community in the near future.

I find it funny that whenever XC goes up, the trolls starts to come out.  It's a good sign of fear since he's a strong supporter of VRC...