Hi iv been a silent supporter of xc and have been staking 761 xc coins since may. I bought in at around 168k, the price has dropped since and remained stagnant at around 135k for sometime now. Xc has arguably one of the best devs in the crypto world behind it so i expected some kind of growth. I'm not disgruntled as I have made other successful investments in coins with 2000% growth. So my question is this, have i made a good investment or should i abandon ship? Any feedback would be appreciated.
problem is xc is always chasing someone else's ideas.
darkcoin invented x11. xc named their coin x11coin (
http://www.xc-official.com/) & changed later.
darkcoin had the idea of nodes. xc followed (but turned everyone into nodes)
ethereum started pushing "web 3.0" - xc started talking about it and saying they were going to push it
darkcoin just completely open sourced - xc is working on it.
xc is spinning a company off to raise more money which will dillute coinholding profitability if there ever is any. (but they are giving coinholders a piece of the action). also it doesn't look good when the lead dev pumps other shitcoins. so these are their two original ideas - a for profit company (dan was listed as XC "ceo" for awhile) and "reviewing" other competing coins.
FWIW I think darkcoin is a piece of shitjunk scam (I am currently a little invested in monero and boolberries cuz i like ring sigs but if you look at my post history u can see i was pretty hard on both of them b4 deciding).
anwhoo thats my take on why its going nowhere. nobody ever listens to me.
Thanks for your feedback, i always thought xc was an innovator in crypto and others followed but i didnt know about the points you've raised. My other investments are ethereum and fibre. I'm not going to bang on about other coins because this is not the place for it but from what i can see fibre has done in 7 weeks what it's taken this long for xc to do. I was going to hold until rev 3 but now I'm having second thoughts
I would disagree with Robinwilliams on most of those points:
- It's simply incorrect to say that "Darkcoin had the idea of nodes". Bitcoin has nodes. All P2P networks have nodes. Hah.
- It's also incorrect that XC copied Darkcoin with its nodes. Darkcoin Masternodes are known as "supernodes" in CoinJoin terminology. XC doesn't have supernodes at all, since every single node on its network does the job that DRK masternodes do. So again, it's incorrect that XC copied DRK's "nodes".
- XC Inc. will NOT dilute the money supply, because (a) no more coins (or tokens equivalent to coins) will be created. (b) XC Inc and XC the currency have different fundamentals. Robinwilliams, you're a clever troll, but you're still a troll to be spreading this misinformation. Do you not read XC's press releases?
Then when it comes to XC's originality:
- It's the first ever fully anonymous coin. (I'm prepared to defend this point further if you like.)
- XC invented trustless mixing. It's a world-first.
- XC is the first-ever implementation of an ad hoc meshnet in crypto (it's XC's "CoinJoin killer" feature).
- XC is the first ever multipath design in crypto - and this is a crucial feature if the amount sent is to be obfuscated).
- No other project will offer flexible control over privacy. Some (e.g. MNR) claim to offer anonymity, but without being able to disclose certain information, its use-cases will be severely limited. XC is designed for the real world, where you often need to demonstrate that YOU paid, or that a certain amount was paid, or that the receiver did indeed receive payment. These scenarios are impracticable with monolithic "anonymity".
- XC will be the first ever Web 3.0 platform. This has been our vision from the start, and we'll beat Ethereum to it.
So I think there's very little - or zero - reason to consider XC some kind of trend-follower. XC hits world-firsts on a bi-weekly basis, on average.
Enough said.