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Topic: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos - page 58. (Read 1484218 times)

full member
Activity: 154
Merit: 100
Quote
Conviction about the value of XC's tech

= not dumping your stash.  actions speak louder than words.

Edit:  To those wanting to give their opinions please don't push your own personal coin choices.  it looks tacky.
full member
Activity: 163
Merit: 100
Makes sense in my opinion to get some alternative funding to keep on going. I don't really bother about using the premine, because thats what it is used for, to develop and expand.

If the entire crypto market wouldnt have dived down the entire picture would have looked different.

The question remains how we continue from here. No doubt the Fudsters are having their day now.
For the people still believing, we should not worry about the premine being spend already, but focus on a feasible schedule with milestones and what is needed to get there.

I dont mind the price dropping, although there will be plenty of people exiting with a loss right now.
I do like to see the team sharing focussing on what we an accomplish with the current pace of development.
If more money is needed to continue development, I would be willing to by into XC INC now to make sure we actually get there

Focus points should be: Quick wins (Mobile wallet / Fix group chat / Stealth addresses and getting to Rev 3 as soon as possible so we can go open source.
full member
Activity: 226
Merit: 100
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.



Thanks synechist, but it would have been nice to hear this from Dan himself.  

What incentive does Dan have to continue this project now?  If Dan has no investment in XC, this project is now a loss for him.  What incentive does he have to put money into a project that he will not get a return on his investment from (because he has no investment, other than his "reputation")?

Dan's incentive is his conviction about the value of XC's tech.

Add this to the resources he's sunk into XC, and you've got a keeper.


This is terrible reasoning.  Conviction about the value of XC's tech is not adequate incentive if it is costing you thousands of dollars that you will not see a greater return on because you are not invested in the coin by holding XC.  

Unless Dan personally holds XC, there is no incentive to continue a project that will lose him money.  He cannot make money from XC unless he holds XC, thus, he has no incentive to continue the project other than his "reputation" and "beliefs" which, as we all know, HOLD NO WATER.
full member
Activity: 159
Merit: 100
To say XC is going down because of the overall market is just wrong.  If that was the case XC would still be in the top 15 with all coins declining in a similar way.  But, XC is now sitting close to number 30 on the coinmarket cap list.  It's obvious that something is specifically wrong with XC.  Sorry, that's just the way it is.  I was lucky that I saw this coming and sold out above 110k.

I disagree sth is wrong with XC, it's just XC missing a good marketing team. Marketing is everyday fighting and shouting why is XC better then others, gaining new exchanges, marketplaces and so on...

I repat what I beliebe, price going down because:
1) investors waiting long, but no market development (no new exchanges and no xc real world applications - places where you can buy...)
2) mintpal is down - one of the biggest exchanges
3) XC recently was basically addicted to bittrex - a signle exchange. What you imagine could happen if also bittrex was to be closed?
4) no marketing actions, advertising, tutorial, user friendly manuals how to, comunity building.

Basically noone heer take care about investors and building community and the other marketing things... It's the same as to sey "we dont care about the price".

What XC needs mostly is funding community, education and marketing.

Ask yourself why other shity coins are higher? The ansewre is the clue Smiley

Fund some adds on coinmarketcap why XC is revolutionary and what plans in the future and you will see what will happend. A mirracle Smiley
legendary
Activity: 1190
Merit: 1000
To commodify ethicality is to ethicise the market
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.



Thanks synechist, but it would have been nice to hear this from Dan himself.  

What incentive does Dan have to continue this project now?  If Dan has no investment in XC, this project is now a loss for him.  What incentive does he have to put money into a project that he will not get a return on his investment from (because he has no investment, other than his "reputation")?

Dan's incentive is his conviction about the value of XC's tech.

Add this to the resources he's sunk into XC, and you've got a keeper.
sr. member
Activity: 324
Merit: 250
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.



Thanks synechist, but it would have been nice to hear this from Dan himself.  

What incentive does Dan have to continue this project now?  If Dan has no investment in XC, this project is now a loss for him.  What incentive does he have to put money into a project that he will not get a return on his investment from (because he has no investment, other than his "reputation")?  

It's no wonder that he started doing a bunch of code reviews on scam coins ran by pump groups.  And it's no wonder he has now "refocused" the direction of XC with blocknet.

Good question.

- The premine was not dumped or traded for profit at any stage.
This could have been confirmed when the wallet would have been managed in a transparent way.
sr. member
Activity: 978
Merit: 250
And what about XXVTS3279gzC5kagTCrEe4x5R7urnm6h2b
legendary
Activity: 1190
Merit: 1000
To commodify ethicality is to ethicise the market
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.

sr. member
Activity: 392
Merit: 250
has anyone noticed that the redrawals of the premine is consistent?

I have left out (what I think is ) staking

Why so troubled?


Code:
Hash Block Date/Time Amount Balance
f3c89fca31... 166331 29/10/2014 10:31 -9,337.837939XC 6,072.225223XC
a748119805... 166326 29/10/2014 10:23 -3,290.244664XC 15,410.063162XC
a41597073c... 165629 28/10/2014 17:23 -59.953384XC 18,698.806699XC
219a09e481... 164826 27/10/2014 21:29 -159.719937XC 18,756.601176XC
88dfe37ccd... 143618 5/10/2014 17:14 -4,134.601126XC 18,876.756299XC
a106fdec4c... 133921 25/09/2014 17:35 -510.474117XC 22,993.305227XC
f651eb300e... 133904 25/09/2014 17:11 -113.477094XC 23,503.743764XC
9478d6e4ac... 132344 24/09/2014 4:12 -29.62177XC 23,614.310303XC
4a1e258feb... 132174 23/09/2014 23:58 -4,969.11101XC 23,643.64387XC
662848ff5d... 131365 23/09/2014 4:24 -43.565282XC 28,612.75488XC
61eed6a1d0... 130909 22/09/2014 17:23 -675.010029XC 28,656.016085XC
31b2c3ff4c... 130798 22/09/2014 14:31 -28.026984XC 29,330.442045XC
a7bb63a07e... 130110 21/09/2014 21:20 -732.323243XC 29,356.01013XC
c712100bb0... 130110 21/09/2014 21:20 -739.990025XC 30,832.837606XC
f4647bc43c... 130110 21/09/2014 21:20 -744.504233XC 30,088.333373XC
f121663478... 130109 21/09/2014 21:17 -750.010026XC 31,572.827631XC
f660e14f10... 129980 21/09/2014 18:24 -28.02XC 32,322.757008XC
407810f9d6... 129270 21/09/2014 0:59 -28.665995XC 32,347.783983XC
d183da74f0... 129253 21/09/2014 0:33 -4.71748XC 32,376.449978XC
265d7e5405... 128445 20/09/2014 4:35 -4.721211XC 32,379.389918XC
b9c39390df... 128377 20/09/2014 2:55 -9.436786XC 32,384.058306XC
effd8ba64d... 128373 20/09/2014 2:52 -29.005449XC 32,393.495092XC
638bc2352b... 128277 20/09/2014 0:31 -35.286239XC 32,422.500541XC
cb7ff79a1b... 127467 19/09/2014 4:35 +1.335207XC 32,453.877851XC
3ec157e2e7... 127414 19/09/2014 3:20 -6.286878XC 32,452.542644XC
9c86865d6a... 127233 18/09/2014 22:58 -28.66149XC 32,458.822406XC
8caa1fe4e6... 127223 18/09/2014 22:32 -28.66XC 32,487.483896XC
89fdf1ac5f... 127122 18/09/2014 20:16 -9.445868XC 32,516.040348XC
1b63366fc4... 127030 18/09/2014 18:06 -740.00969XC 32,525.452187XC
b791fd1d2d... 126847 18/09/2014 13:32 -28.983006XC 33,265.286894XC
24f4cef919... 126839 18/09/2014 13:25 -32.131201XC 33,294.200928XC
a77cd5a226... 126630 18/09/2014 8:16 -6.29151XC 33,325.624576XC
065491e55b... 126628 18/09/2014 8:14 -4.717846XC 33,331.916086XC
57f91aee41... 126627 18/09/2014 8:13 -4.724156XC 33,336.633932XC
5f857817f5... 126484 18/09/2014 4:33 +2.037792XC 33,340.95019XC
6ec3946ec8... 126368 18/09/2014 1:41 -6.304955XC 33,338.912398XC
bad270955a... 126350 18/09/2014 1:17 -32.302378XC 33,345.165442XC
2eb4e2f2c4... 126077 17/09/2014 18:27 -2,949.010052XC 33,377.13017XC
398e0bebd3... 125518 17/09/2014 4:37 +2.102546XC 36,324.615499XC
adbaa964ad... 124945 16/09/2014 18:44 -1.583035XC 36,322.505837XC
719a337e99... 124782 16/09/2014 16:57 -1,001.00002XC 37,303.677722XC
35b09e5a79... 124782 16/09/2014 16:57 -979.87103XC 36,323.806692XC
ab20df14e5... 124779 16/09/2014 16:56 -1,000.746156XC 38,304.677742XC
242f0aa8d5... 123985 16/09/2014 4:26 +2.000452XC 39,303.691043XC
ce7fc65b38... 123888 16/09/2014 2:11 -1.58XC 39,301.594708XC
202dea210e... 123884 16/09/2014 2:05 -1.585032XC 39,303.078093XC
6ee2fb8904... 123875 16/09/2014 1:52 -29.14XC 39,304.663125XC
0501fab587... 123872 16/09/2014 1:48 -5.015545XC 39,333.803125XC
85fd50317e... 123846 16/09/2014 1:16 -1.57XC 39,338.81867XC
6e6904f229... 123834 16/09/2014 0:54 -3.150719XC 39,340.364767XC
3fc877c579... 123823 16/09/2014 0:40 -3.14XC 39,343.515486XC
8c72cacbe3... 122588 15/09/2014 4:16 +16.785584XC 39,345.986756XC
6b973ac9f3... 122586 15/09/2014 4:15 +2.14XC 39,329.201172XC
d2df29319b... 121396 14/09/2014 4:20 +27.852889XC 39,326.22111XC
42b054bf8a... 121395 14/09/2014 4:18 +9.83855XC 39,298.368221XC
eee795fb57... 120217 13/09/2014 4:26 +3.464366XC 39,287.818516XC
580c71aafe... 119763 12/09/2014 17:28 -28.351266XC 39,283.728153XC
8c1c4aa07b... 119700 12/09/2014 15:44 -28.35XC 39,312.02103XC
8bd4b429c9... 112660 7/09/2014 2:26 -29.57XC 39,317.230971XC
cef749997a... 112648 7/09/2014 2:14 -55.954018XC 39,346.800971XC
f81b72afa0... 112636 7/09/2014 2:00 -29.278698XC 39,402.754989XC
0ff360b72f... 112576 7/09/2014 0:27 -29.27XC 39,431.458404XC
e8dc393f4b... 112543 6/09/2014 23:32 -55.96XC 39,460.728404XC
8e9d37eb94... 112502 6/09/2014 22:30 -29.918277XC 39,516.061939XC
38fa84b63b... 112489 6/09/2014 22:20 -29.9XC 39,545.723123XC
d2028b13ac... 112487 6/09/2014 22:13 -1,000.010017XC 41,481.994659XC
c0fd11bf5a... 112487 6/09/2014 22:13 -1,000.010021XC 40,481.984638XC
e635142c23... 112487 6/09/2014 22:13 -906.361515XC 39,575.623123XC
b1437960e9... 112479 6/09/2014 22:04 -112.009793XC 42,482.004676XC
b5d0cf4586... 112471 6/09/2014 21:44 -20.538206XC 42,594.014469XC
20db3dd0e6... 112331 6/09/2014 18:25 -30.53XC 42,613.826951XC
d3a877fc52... 112326 6/09/2014 18:16 -100.01577XC 42,644.356951XC
68bc286bd2... 112321 6/09/2014 18:09 -100.010094XC 42,744.372721XC
1330063efa... 112315 6/09/2014 17:57 -61.638747XC 42,844.382815XC
d695e3d0ad... 112299 6/09/2014 17:34 -100.0XC 42,906.016089XC
e90458020e... 109320 3/09/2014 15:20 -4,830.010087XC 42,988.233461XC
aa0abd2c10... 107406 1/09/2014 15:34 -481.011439XC 47,801.828341XC
432d815248... 107404 1/09/2014 15:33 -99.019781XC 48,282.83978XC
full member
Activity: 154
Merit: 100
what happened?  Sad Sad Sad Angry

XC Premine was discovered to be gone and admitted to by the team.  I think we found out who was selling off on good news time after time....The XC Team selling the premine.  

was discovered by whom? Can anyone confirm this statement?

https://www.reddit.com/r/XCofficialreddit/comments/26qqrq/xc_premine_wallet_made_public/

https://chainz.cryptoid.info/xc/address.dws?XS4QLi6VpQQo79HLkoFBj5YZkn6p6TuLKG.htm

only 6k are left of nearly 500k

Wrong, 500k is not the initial sum, but the whole turnover.

sorry i didn't check the whole inputs but it seems that there is nearly nothing left
according to what is stated in the op premine should be near 125K
sr. member
Activity: 324
Merit: 250
what happened?  Sad Sad Sad Angry

XC Premine was discovered to be gone and admitted to by the team.  I think we found out who was selling off on good news time after time....The XC Team selling the premine.  

was discovered by whom? Can anyone confirm this statement?

https://www.reddit.com/r/XCofficialreddit/comments/26qqrq/xc_premine_wallet_made_public/

https://chainz.cryptoid.info/xc/address.dws?XS4QLi6VpQQo79HLkoFBj5YZkn6p6TuLKG.htm

only 6k are left of nearly 500k

Wrong, 500k is not the initial sum, but the whole turnover.

sorry i didn't check the whole inputs but it seems that there is nearly nothing left
member
Activity: 88
Merit: 10
what happened?  Sad Sad Sad Angry

XC Premine was discovered to be gone and admitted to by the team.  I think we found out who was selling off on good news time after time....The XC Team selling the premine.  

was discovered by whom? Can anyone confirm this statement?

https://www.reddit.com/r/XCofficialreddit/comments/26qqrq/xc_premine_wallet_made_public/

https://chainz.cryptoid.info/xc/address.dws?XS4QLi6VpQQo79HLkoFBj5YZkn6p6TuLKG.htm

only 6k are left of nearly 500k

Ok so the devs posted the premine address for transparency 5 months ago but people only recently decided to check it after the coin's value started crippling?

Well, if that really is the case, there's nothing else I can say about this situation other than, if it was a dev premine dump, thats not going to bode well.

Also, what about those who ordered Tor sticks? Those things aren't exactly cheap.
full member
Activity: 154
Merit: 100
Quote
The problem for me is that they told the investers that the premine will be used transparent but this didn't happen.

reputation is everything.  if they lied about "going to be transparent" then when they offer to "be transparent" whoever believes a word they say is a flaming fucktarded moron.
sr. member
Activity: 427
Merit: 250
what happened?  Sad Sad Sad Angry

XC Premine was discovered to be gone and admitted to by the team.  I think we found out who was selling off on good news time after time....The XC Team selling the premine.  

was discovered by whom? Can anyone confirm this statement?

https://www.reddit.com/r/XCofficialreddit/comments/26qqrq/xc_premine_wallet_made_public/

https://chainz.cryptoid.info/xc/address.dws?XS4QLi6VpQQo79HLkoFBj5YZkn6p6TuLKG.htm

only 6k are left of nearly 500k

Wrong, 500k is not the initial sum, but the whole turnover.
sr. member
Activity: 324
Merit: 250
As a holder (and before we got FUD'ed again) we discussed the possibilities about using the premine.
General consensus among the people online then (2 hours ago) was that we just wait until Dan explains whats what.
Even if the premine was used until now, most of us dont care so much about him eating it (guy's has to eat right) but we would have liked to see more transparency.



the transparency story is now over, even if they come up with stuff they bought with the coins who assures you that this numbers are right?
afterwards (months,weeks later) one can come up with any story and you have to eat it.

The problem for me is that they told the investers that the premine will be used in an transparent way but this didn't happen.

Synechist even mentioned before that the blockchain on it's own is transparent enough.

But here the XC team stated something different:

https://www.reddit.com/r/XCofficialreddit/comments/26qqrq/xc_premine_wallet_made_public/
full member
Activity: 154
Merit: 100
Oh well.  I did my best to warn you all.  I pre-ordered hardware, you pre-ordered development.  Same club scammed us both.

To everyone who told me I deserved to be scammed I feel not one ounce of pity for you.  

For the rest - I did my absolute best to get you to get out of this before it happened.

Now that the coin is dead (even if many of you fail to see it.) I will leave you all in peace.  I am sorry for your loss.  

rofl saw your thread from way back with all the XC devs defending the guy who ripped you off.  Also saw all the vicious posts for the XC crowd.

Karma's gotta be sweet for you bub.  Lol!
legendary
Activity: 1256
Merit: 1009
Oh well.  I did my best to warn you all.  I pre-ordered hardware, you pre-ordered development.  Same club scammed us both.

To everyone who told me I deserved to be scammed I feel not one ounce of pity for you.  

For the rest - I did my absolute best to get you to get out of this before it happened.

Now that the coin is dead (even if many of you fail to see it.) I will leave you all in peace.  I am sorry for your loss.  
sr. member
Activity: 324
Merit: 250
One of either things is happening now and I think it is the not so good one.

Whales are driving the price down to make a huge pump.
Or
XC is dying.

I have 700+ XC and I am not leaving, but it just doesn't look so good for XC at the moment.
It also doesn't look very good for other coins, but they are at least 100k+ still.

I will continue to support XC.

In the beginning I thought this are whales but now it seems more like the XC team sold nearly all coins they had and a lot of bagholders are now hopping for the price to rise
full member
Activity: 163
Merit: 100
As a holder (and before we got FUD'ed again) we discussed the possibilities about using the premine.
General consensus among the people online then (2 hours ago) was that we just wait until Dan explains whats what.
Even if the premine was used until now, most of us dont care so much about him eating it (guy's has to eat right) but we would have liked to see more transparency.

hero member
Activity: 714
Merit: 500
One of either things is happening now and I think it is the not so good one.

Whales are driving the price down to make a huge pump.
Or
XC is dying.

I have 700+ XC and I am not leaving, but it just doesn't look so good for XC at the moment.
It also doesn't look very good for other coins, but they are at least 100k+ still.

I will continue to support XC.
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