Topic: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos - page 276. (Read 1484189 times)

Nice, I like that.

On a more serious note, this is a high quality article.

It's great to see more and more solid, original work about XC coming out.

Yes, I have done some research on this. Bitcoin is suffering from a few hiccups that will turn into a full grown plague and die a gruesome death, then it will get run over by a train.

In bitcoin the P2P node and the miner are separate, unlike XC where the node and POS is incorporated in the wallet. This article explains that there is no benefit from having a Node online. All the benefits go to the miners who are rewarded for processing the transaction. If there are few nodes operating it might create a bottleneck for transactions to be processed.

http://www.coindesk.com/bitcoin-nodes-need/

The bitcoin difficulty requires the miners who process the transaction to use ASIC miners. They use a lot of power and generate a lot of heat, from what I have read forcing the miners to convert BTC to Fiat to pay for the Cooling and the energy expenses. If the bitcoin price drops below the miners expenditures than the miner might be taken offline until the price becomes profitable. The more miners taken offline then the slower the bitcoin transaction will take.

I personally do not believe that ASIC technology will be able to keep up with the bitcoin difficulty vs profit. I also do not believe that bitcoin will reach it's 21 million max coin mark.

I believe the only hope bitcoin has is to convert to a POS system, this will piss a lot of ASIC miners off because they spent $50,000 for mining gear.

https://bitcointalksearch.org/topic/proof-of-stake-68213

please be kind in your responses


Oh yeah, forget to mention this, BLOCKCHAIN bloat anyone? The size requirements are enormous. Current space requirements 22 GB, as of today.

https://blockchain.info/charts/blocks-size  

One day MountainGoat.

Anybody else watched the new season of person of interest, they were making a secure communications network made from Nodes and mesh networks, done in a different way, just was funny to see.

Its being constructed and put together by the Winklevoss twins. It means formal investors that buy stocks will be able to buy bitcoin through actual stock exchanges. Not having to worry about actually holding coin and what to do with it. In their wording it states that when investors do buy their ETF on NASDAQ which will be called COIN, they have to turn around and buy bitcoin through the regulated exchanges, hence bringing up the price. Bitcoin will be bought and sold through traditional stock exchanges pretty much. Its all just waiting on US regulation so it can actually get its stamp of approval.

I am just waiting for a site to feature the official unofficial mascot.

Coin Telegraph features XC's ITO!




http://cointelegraph.com/news/112597/xcurrency-plans-to-launch-public-corporation-currently-bullet-proofing-its-code



Social media:

Twitter: https://twitter.com/XCurrency/status/514878667173134336

Facebook: https://www.facebook.com/XCurrency/posts/1549809571909611?notif_t=like

What is the Bitcoin ETF?

Everything new struggles, only time will tell.

Bitcoin is literally just doing what its good at right now. The price swings can easily make up loss margins on no time at all. http://www.coindesk.com/hedge-fund-gabi-makes-first-bitcoin-purchase-via-digitalbtc/   - That link for example, Hedge fund firm Gabi pledging to invest 200 million into bitcoin within the next 6 months, through OTC trades, but still. Most other big money is waiting for the regulation to be a little bit more clear before dumping their money into it as well. The bitcoin ETF will also play a large role once that is able to be traded on NASDAQ.

Thanks for that. I tried to vote but need to have trading volume from my account to do so. Does anyone here do a lot of trading there or done a paid BTC vote?

My version:  Bitcoin is,  and perhaps will be the main cryptocurrency for N more years.
(Feel free to chose your own "N" value)

This is BTC history for last 3 yrs:

As long as we stay above $300 - i feel OK.  And $290 buy possibility would come as perfect Christmas gift.
But.... if we see 2 digit figures by Easter time (2) - good reason to think  we got some problemz

EDIT, P.S.
And for those who like sweet dreams - the road map signs for Bitcoin for next 5 years (simply extending the same trend line)
https://i.imgur.com/2rUlT8n.jpg

I know it was a stupid question.. But it seems that it is struggling a lot on going Mainstream it is really high in difficulty but not so in price and if It continues like that it will not be profitable anymore to mine and the network hence the price will go further down..there could be a downward spiral..but maybe im just paranoid..It is that now I do not really see any value in BTC and any others Crypto rather then XC..

I don't think so, Bitcoin is and always will be the main cryptocurrency.

But that is just my thoughts on it.

Guys do you think BTC is DEAD? I mean it seem it is on the verge on another Dump after the paypall ann..

And this is where I think incorporating will be to XC's benefit. Having a recognizable business structure will attract mainstream money, and thus the appropriate volume.  I feel as if XC is lost on most cryptoheads. They know of the project, respect it to some degree, but hesitate to invest.  Maybe we had our chance back in early July to make a stronger impression. I don't know. It's not very relevant now.  XC's break into the mainstream will be what gets the cryptoheads involved again.

Maybe the concept of an entire platform is too much for people to wrap their heads around? Perhaps XC's ambitions are too lofty in their eyes?  It's easier to spam twitter, hyping a simple to understand gimmick. Maybe XC's too "expensive"? Not too sure. What I do know is that we need fresh eyes from the outside on XC. This will require having the team reach out and having sit-down meetings with potential investors, other businesses, etc.  With rev2 finalized, I feel that the project is mature enough to begin approaching, having proven we're not vaporware.  The project is young enough to where investors will feel like they're still getting in on the ground floor.

It's cool seeing news regarding XC published in places like Yahoo finance or Bitcoin Magazine.  But because the whole world of crypto remains shrouded in obscurity, it's hard to measure the impact. I tried reading the Yahoo articles with my "noob glasses" on and there's just no way someone's going to grasp what's going on without the knowing the fundamentals of Bitcoin or blockchain technology. And even then, there's a lot to digest.

Meh, I'm rambling.  My main points are that giving XC a business-like appearance will draw in more investors from the outside, but there needs to be a direct method of approaching and establishing synergies with these investors.

Indeed.

Xchange?

XCurrency needs its own exchange.