[XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos - page 57.

synechist

legendary

Activity: 1190

Merit: 1000

To commodify ethicality is to ethicise the market

Quote from: NewWorldCoiner on October 30, 2014, 12:36:57 PM

Quote from: synechist on October 30, 2014, 12:31:16 PM

None of the premine was dumped, ever.

It was not used to buy Blocknet tokens.

And I was not aware that the premine was spent by mid-Sept until today.

I apologise - again - for our not having maintained a list of our spending of it. As the person in charge of PR, I take personal responsibility for this. I was not aware of Pizpie's statement on Reddit (and I'm not sure I was part of the team then), but I was aware of the importance of being transparent about spending.

Anyway, moving forward, we've got funding and we've got Dan's deep commitment to XC.

All's well IMO.

Classic. You must be the only one here who thinks all is well. As the head of PR, perhaps you would be able to tell us if the marketing guru from Addidas is still on the team? Do we still have some amazing marketing to look forward to or not?

Yes he's definitely still on the team.

The timeline is unchanged, and the team is still working toward it.

And the mainstream marketing will be awesome.

URSAY

legendary

Activity: 1974

Merit: 1010

Where is Dan today?

synechist

legendary

Activity: 1190

Merit: 1000

To commodify ethicality is to ethicise the market

Quote from: UnicornFarts on October 30, 2014, 12:36:31 PM

Quote

I do not think we've lost trust when *Dan has personally been funding XC*.

Do you get it? He's committed.

Dude. So let me get this straight. Dan needs to sell off all his XC stash to fund XC.

But we aren't supposed to be worried because he's spending his personal money to fund it so he's still invested even though he'll make nothing if it's successful?

If he had funding why undermine his own project by dumping all his XC stash?

If he believed in XC why not use his own money to pay expenses and keep XC so it will benefit when he's finished?

Why would he sell off all XC. So he has nothing to gain while he spends his personal funds to finish off a project he has nothing to gain by because he sold all of his XC?

No, Dan buys XC regularly.

His own personal stash is quite distinct from the premine - as it should be. The premine was for development.

CryptoGuu

sr. member

Activity: 321

Merit: 250

Quote from: synechist on October 30, 2014, 12:08:08 PM

Hi all

I can now give some clarity on the status of XC's premine:

- The premine has been completely spent since mid September.

- Dan has been part-funding XC's development since day one (XChat and the multipool, among other things), and funding it entirely since Rev 2.

- Dan will continue to fund XC's development, and so nothing about the source of the funding or the pace of development will change.

- Specifically, XC's funding comes from Dan's corporation, which has pioneered IP over RF in marine environments.

- The premine was not dumped or traded for profit at any stage.

- The premine was used exclusively for paying for XC's project - that is, for Teka and I to work, for websites, PR expenses, the ATM deal, etc.

XC is, and will continue to be, Dan's baby. He has personally invested over 1000 hours of his time into it.
Since it's been developed at his own expense for some time, you have good reason to believe that he won't just lose interest.
His personal stake is significant, and this serves to increase his commitment.

You guys need a lot money for development , wow. I wonder how others develop their coin without all the money.

mav137

full member

Activity: 163

Merit: 100

Quote from: UnicornFarts on October 30, 2014, 12:36:31 PM

Quote

I do not think we've lost trust when *Dan has personally been funding XC*.

Do you get it? He's committed.

Dude. So let me get this straight. Dan needs to sell off all his XC stash to fund XC.

But we aren't supposed to be worried because he's spending his personal money to fund it so he's still invested even though he'll make nothing if it's successful?

Yes, might sound crazy to you, but some people care more about tech then money

synechist

legendary

Activity: 1190

Merit: 1000

To commodify ethicality is to ethicise the market

Quote from: Artoodeetoo on October 30, 2014, 12:32:25 PM

This is really bad news, looks like the mystery dumpers were the hired help.. great.. Dan has always seemed like a great guy but I think he will find this decision and the lack of transparency to be a catastrophic error of judgement... very, very sad to see this...

Back in the day would I have bought on good news knowing I was probably helping the dumpers get out.. no way....

Also synechist, you do a great job and I often praised it but I had no idea you were on the payroll, ditto teka... this really does not sit well...

You don't think it's right that I get paid?

BTW, "mystery dumpers were hired help"? I don't know what that means.

I personally have not been dumping one bit.

Whenever I've had rent to pay I'd plan ahead and sell in little amounts on an uptrend.

wooder

sr. member

Activity: 324

Merit: 250

Quote from: synechist on October 30, 2014, 12:35:09 PM

Quote from: wooder on October 30, 2014, 12:33:54 PM

Quote from: synechist on October 30, 2014, 12:31:16 PM

None of the premine was dumped, ever.

It was not used to buy Blocknet tokens.

And I was not aware that the premine was spent by mid-Sept until today.

I apologise - again - for our not having maintained a list of our spending of it. As the person in charge of PR, I take personal responsibility for this. I was not aware of Pizpie's statement on Reddit (and I'm not sure I was part of the team then), but I was aware of the importance of being transparent about spending.

Anyway, moving forward, we've got funding and we've got Dan's deep commitment to XC.

All's well IMO.

Did you see the price? The problem is see now for XC is how earn trust again.

No it's not.

I do not think we've lost trust when *Dan has personally been funding XC*.

Do you get it? He's committed.

But what do you expect from an investor? The price dropped really hard and the news for days except the ITO is that all premined XC coins are already spend.

NewWorldCoiner

sr. member

Activity: 490

Merit: 250

Saved you from a scam? Send me some BTC!

Quote from: synechist on October 30, 2014, 12:31:16 PM

None of the premine was dumped, ever.

It was not used to buy Blocknet tokens.

And I was not aware that the premine was spent by mid-Sept until today.

I apologise - again - for our not having maintained a list of our spending of it. As the person in charge of PR, I take personal responsibility for this. I was not aware of Pizpie's statement on Reddit (and I'm not sure I was part of the team then), but I was aware of the importance of being transparent about spending.

Anyway, moving forward, we've got funding and we've got Dan's deep commitment to XC.

All's well IMO.

Classic. You must be the only one here who thinks all is well. As the head of PR, perhaps you would be able to tell us if the marketing guru from Addidas is still on the team? Do we still have some amazing marketing to look forward to or not?

UnicornFarts

full member

Activity: 154

Merit: 100

Quote

I do not think we've lost trust when *Dan has personally been funding XC*.

Do you get it? He's committed.

Dude. So let me get this straight. Dan needs to sell off all his XC stash to fund XC.

But we aren't supposed to be worried because he's spending his personal money to fund it so he's still invested even though he'll make nothing if it's successful?

If he had funding why undermine his own project by dumping all his XC stash?

If he believed in XC why not use his own money to pay expenses and keep XC so it will benefit when he's finished?

Why would he sell off all XC. So he has nothing to gain while he spends his personal funds to finish off a project he has nothing to gain by because he sold all of his XC?

synechist

legendary

Activity: 1190

Merit: 1000

To commodify ethicality is to ethicise the market

Quote from: wooder on October 30, 2014, 12:33:54 PM

Quote from: synechist on October 30, 2014, 12:31:16 PM

None of the premine was dumped, ever.

It was not used to buy Blocknet tokens.

And I was not aware that the premine was spent by mid-Sept until today.

I apologise - again - for our not having maintained a list of our spending of it. As the person in charge of PR, I take personal responsibility for this. I was not aware of Pizpie's statement on Reddit (and I'm not sure I was part of the team then), but I was aware of the importance of being transparent about spending.

Anyway, moving forward, we've got funding and we've got Dan's deep commitment to XC.

All's well IMO.

Did you see the price? The problem is see now for XC is how earn trust again.

No it's not.

I do not think we've lost trust when *Dan has personally been funding XC*.

Do you get it? He's committed.

UnicornFarts

full member

Activity: 154

Merit: 100

Quote

Anyway, moving forward, we've got funding and we've got Dan's deep commitment to XC.

When you are deleting posts referencing official stance on how XC funds will be spent in the blocknet thread?

ROFL - well glad all is well for you there buddie.

what a crock.

synechist

legendary

Activity: 1190

Merit: 1000

To commodify ethicality is to ethicise the market

No shills please CoolStoryteller.

wooder

sr. member

Activity: 324

Merit: 250

Quote from: synechist on October 30, 2014, 12:31:16 PM

None of the premine was dumped, ever.

It was not used to buy Blocknet tokens.

And I was not aware that the premine was spent by mid-Sept until today.

I apologise - again - for our not having maintained a list of our spending of it. As the person in charge of PR, I take personal responsibility for this. I was not aware of Pizpie's statement on Reddit (and I'm not sure I was part of the team then), but I was aware of the importance of being transparent about spending.

Anyway, moving forward, we've got funding and we've got Dan's deep commitment to XC.

All's well IMO.

Did you see the price? The problem is see now for XC is how earn trust again.

Artoodeetoo

hero member

Activity: 518

Merit: 500

This is really bad news, looks like the mystery dumpers were the hired help.. great.. Dan has always seemed like a great guy but I think he will find this decision and the lack of transparency to be a catastrophic error of judgement... very, very sad to see this...

Back in the day would I have bought on good news knowing I was probably helping the dumpers get out.. no way....

Also synechist, you do a great job and I often praised it but I had no idea you were on the payroll, ditto teka... this really does not sit well...

G-Bert

sr. member

Activity: 364

Merit: 250

Just out of interest... where's Dan, and what is his opinion on what is going on?

Not heard a peep since the ITO started. Huh

synechist

legendary

Activity: 1190

Merit: 1000

To commodify ethicality is to ethicise the market

None of the premine was dumped, ever.

It was not used to buy Blocknet tokens.

And I was not aware that the premine was spent by mid-Sept until today.

I apologise - again - for our not having maintained a list of our spending of it. As the person in charge of PR, I take personal responsibility for this. I was not aware of Pizpie's statement on Reddit (and I'm not sure I was part of the team then), but I was aware of the importance of being transparent about spending.

Anyway, moving forward, we've got funding and we've got Dan's deep commitment to XC.

All's well IMO.

UnicornFarts

full member

Activity: 154

Merit: 100

Quote from: ?? on ??

its pretty clear that the intentions here were to dump XC and switch to blocknet, not just their funds but developement as well. What they dont seem to get is that blocknet is going to go down in flames as well now thanks to their bullshit. Its sad really the stupidity and lack of thinking things through in crypto.

they got the bitcoins for blocknet already. doesn't matter.

they got what they wanted. hold off the FUD just long enough to get blocknet pushed thru.

Topic: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos - page 57. (Read 1484238 times)