Topic: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos - page 470. (Read 1484191 times)

Call me ignorant but I think that Reddit post is bullshit!  I am DEFINITELY no expert when it comes to currencies but I don't think anyone could convince me at this point that there will only be "Bitcoin" in the crypto sphere.  I strongly believe there will be many, I guess time will tell:-)

I remember about a month ago, I sold my XC (300 or so) to gamble on another coin so that I could purchase more XC.  It worked.  

It is mildly amusing to me that the coin I 'gambled' on was BitcoinDark.  Yeah...if I had just chilled I would have made over 10 BTC from .5 BTC...

While I kind of cringe at the amount of XC that would buy right now, I am not that worried.  REV 3 has been the goal all along.  Lots of big milestones ahead for this platform and an outstanding team to accomplish it.  It's a top 15 coin with a roadmap like no other...

I for one doesn't hope for XC being bought up. The current value for us bag-holders lies in the distribution. I'm under the assumption that the code being developed for XChat, XcNode, XCPlatform and so on all depend on the distributed nature of XCurrency. The code might be well distributed but the currency is only currently distributed among 5036 addresses. The Network effect  is what ensures us bag-holders against "a hostile take-over" scenario where a large corporation would buy the source code from Dan and his expertise.

 With larger adoption the added distribution would make the anonymity stronger and the XcNode network faster. Once you reach a critical mass a company would not be able to buy and recreate that. If they by then would like to use the XCPlatforms services they would have to buy an app on the Web 3.0 platform just like QiBuck did.

This comes back to whom is XC creating value for? it is not a simple business case. XC is both B2C and B2B, with different business cases. B2C XC provides XChat and hinted other social media features. in Web 2.0 B2C pays with their privacy that is then resold to the B2B customers. In XC's B2C business model customers could potentially have the service and their anonymity at the cost of helping spread the network as a XCNode when online, which if you look at Social Media apps now would be pretty much all the time. B2B would be hosting and advertisement on the platform.
I'm going on an repeating rant now of what I have written in earlier posts, but in short:

As a Bag-holder you don't wan't a large company to buy XC because they would not buy your coins, they would buy Dan, his team and the source code. Your coins hold 0 legal protection like a stock does, only critical mass adoption of the platform will protect your coins against this scenario if it presented itself.

He's a Monero pusher 

Yes I am... By the way who are you?

I think this is a valid point - PoS does discourage trading and although everyone here seems happy that most of the XC are off the exchanges because no-one wants to sell them, low volume
gives the impression of no interest in the coin which is certainly not true. Of course there is very little real commerce going on in any crypto right now so all volume is fake and bot driven to that extent. So my hope here is that once crypto actually starts being used by real people this would no longer be an issue.  

Also missing BitSharesX.  I don't really think it's fair to compare an older coin like XC to BTCD or BitSharesX ... they'll just be pump jobs / flashes in the pan.

but they are missing some coins like btcd which raised about 1000% in the last month

You need to read this.  Most cryptogeeks don't understand currency.  

http://www.reddit.com/r/Bitcoin/comments/2dfvoy/truth_you_dont_want_to_hear_bitcoin_price_matters/

I agree there is enough room for.

A - Store of value.
B - Smart Blockchain.
C - Anonymous Value Transfer.

It would be preferable if they did not compete and there were clear long term winners.  Hell I would prefer it was all wrapped into one coin.  Currency inherently does better when there is only one.  Not many.  People don't realize that "competition" in this area constantly steal wealth from the ecosystem as people lose it all and walk away.  I would rather a flat currency that works on adoption than this ...

The crypto scene is driven much more by people wanting to be the early adopters of the next bitcoin than revolutionizing technology or solving real world problems.  The issuance of XC is a prime example of that 

Top Quarterly Performers:
@XCurrency -4.53%
@Bitcoin -21.65%
@Namecoin -29.66%
@Feathercoin -34.40%
http://goo.gl/jBCXam   #xcurrency


https://twitter.com/CryptoCoinStats/status/504260792968286208

I find it curious that many people think there will be "one" winner in crypto.  I see a world coming with numerous crypto currencies serving different needs and uses.  I think several that are already here will be here for some time to come, XC of course being one of those.  I just can't see this all ending with just one currency!

Classic!!

But anyway if it makes a different I don't think it's assish to be worried - this is a race for great tech but also market/brand recognition. The network effect is crucial and we are still
waiting for the tech developments before XC is launched and any of that happens. This is probably a good thing as you have to have something very solid and novel to sell if it is going to really be a game changer and we are certainly getting that. But no doubt we all want to see that part start to happen .  

we don't need a new release we need big players to join the party. just look at drk, there new releases lead to a price drop

i think XC devs are delivering a great product and releasing stuff that isn't finished, won't create a better market perception

but i know what you mean, a price increase would really be nice to give investors the feeling that they are in the right train

Are you sure you aren't confusing impatience with greed?  XC has a roadmap and is proceeding according to schedule.

And yes, let's look at Monero.  They don't have a too-slick promo video, or make you want to punish them for using terms like "Web 3.0."

Monero does however have a 100% open-source repo with frequent commits, and at least two wallets competing to be the Official One.

Proof: https://github.com/monero-project/bitmonero

Can your coin, err, I mean "super-cyber distributed autonomous corporation" do that?   

Before I'm accused of being a shill - I'm not in Monero or any anon coins.  I still think the winner hasn't shown up yet.

I tried a few times and hit brick walls.  My biggest beef with XC has to do with the PoS as I believe it is fundamentally anti adoption.  It discourages it.  

Monero intentionally made their adoption curve slow (vs doing a quick 1 - 3 month mine).  This will offer more time rather than people accumulating the coins and then holding on to them while trying to drive the price up by inventing features.  Currency needs consensus.  And I think that's what the feature hounds don't get ... speculation may drive short term price.  But adoption drives consensus.  And PoW is better for adoption / consensus than PoS.

(I actually suspect that PoS after a 3 year mining phase would work fine.)

Everybody sees what they want to see. I see a bull flag http://www.dailyfx.com/forex/education/trading_tips/trend_of_the_day/2012/02/21/How_to_Trade_Bullish_Flag_Patterns.html

I hear ya, so am I.  I'm ready for some news too.

Nah, I don't see you coming across as an ass.  I was just having some fun at your expense.   

ahaahhahahhaha Im def Impatient by nature this thread is killing me hopefully im not coming out as an ass

I mostly see a flat support with descending resistance like a descending triangle but before the end of this triangle many release can change the patern.

Right now without releasing news or update we are going to see .00126 (support) for the 28 august but its just a big probability.