One concern I have is that creating xc inc. will deter people from using xcurrency, and once xc is a corporation, competing companies may not want to accept xcurrency. This is exciting news and I am intrigued, however there seems to be a catch 22 here. The explosion of btc and crypto can be attributed to their decentralized nature, how does xcurrency plan on remaining decentralized, especially when a majority of the xcurrency is also owned by soon to be company shareholders? Any thoughts?
This should be answered ASAP as it was the first thing I thought of
Paypall is a corporation and other corporations accept them. Having XC as a company will give credibility to the Business world to Our Platform expecially for web 3.0 applications. Xc Could have the Potential to shape the New Internet and be the new Currency of this new Internet in the same time.. Why people will not want to use it. We are going for main stream adoption not for Crypto niche Nerds.
One question that I have is will XC have a board of Directors? will dan be the CTO? will there be a CTO? what if Microsoft will want to buy it? will the CTO sign the Deal withouth the Community/shareHolders have a voice on it? will there be an official Board of Share Holders now as the Major corporations to talk about future decisions?
Edit:
Maybe we can do a community/share holders voting system for the Decisions to be made like for Example 100 shares Equal one Vote...my 2 XCs
Your 2 XCs now = .2 XCshare. Lol.
Thanks for all the feedback, believe me the questions are going to get much tougher. There are a lot of things the team needs to consider, there will be a fine line between the company and the currency. There may be no organic connection between the two, but they will both be inextricably connected; if there is bad news about xc inc the company you can be certain it will affect the value of xcurrency.
I'm not trying to be a naysayer, I'm just asking these questions before outsiders come in here and ask them. I am fully invested in xc, sold all my btc and don't plan on selling my xcurrency anytime soon.
Indeed. There are a whole lot of questions we're consulting on. It's a multifaceted and complex thing.
Put it this way though:
- XC the currency would thrive due to fundamentals like liquidity, fiat gateways, app quality and pervasiveness, being free and open source, etc.
- XC Inc. would thrive due to continued innovation, the success of its platforms, etc.
- So they're distinct (though associated) tokens of value.
- Therefore if, say, Microsoft buys XC Inc, it wouldn't thereby own XC the currency and wouldn't have any direct control over it at all. But it would over XC Inc.
I'm comfortable with the value of one affecting the value of the other.
I'm equally comfortable with their fundamentals being distinct, and very happy that owning one cannot mean controlling the other.