Hmm... the more I think about the Blocknet stuff, the more I am growing with uncertainty. Of course, I think it's quite a brilliant project. But is it going to weaken the position of XC? The price drop since the Blocknet announcement reflects that opinion.
Things that concern me are:
- People will be able to use the private transactions of XC via the blocknet
- XBridge which will be open source and used by all the blocknet coins, is based on Xnodes
The more I think about it, the more I would have liked to have seen XC feature more of a central role in the Blocknet.
This Blocknet stuff doesn't seem specially connected to XC anymore than any of the other coins that take part. Or am I misunderstanding? Of course Dan is involved and their is the XBridge, but none of that helps the value of XC.
If I'm missing something, please let me know. Because I'm an XC supporter and follow the XC events fairly closely.
Hey Mr_Random
In my opinion, to wonder whether XC is weakens by people using XC's private transactions over the Blocknet is like wondering whether using Google over the internet weakens Google. :-)
The Blocknet means a massively increased user-base for XC, the leading privacy service provider.
There's no better way to spread awareness about a product than actual usage. And in addition Xnodes will get fees for mixing.
I can relate to mr randoms concerns, but if XC shines through blocknet and after rev3 gets mass adoption and recognition by the community, its price will soar high anyway, and the innate ability and commitment of profitable xmixers will be more than enough to motivate more and more people to invest in xmixers. My only concern is the team's approach of rev3 XC platform's launch; if it gets the promotion and respect as an industry leading product/service, there is really no limit. I actually dont want to invest THAT much XC in blocknet, so I can have XC commited to the XC ITO.
To my very little experience, yes, watching price getting pumped is really nice to our psychology, but the hard truth is that alt crypto scene is being played by whales, only btc gets the real-world (simulated, even) treatment. Watching the XC price fall, when there is CLEARLY nothing fundamentally wrong, is like saying that you are getting out of btc because at some point its price peaked 1,2k and now its just 400 bucks. XC and BTC are actually a lot alike, you have dell/paypal and other cool stuff announced yet price either swings a bit up then down or just downright crashes. But then people stay commited and actually buy more, because they know what btc can achieve.
