Topic: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos - page 60. (Read 1484218 times)

People found out the devs have dumped all their premine before doing the BlockNET.  There is fear that the primary focus won't be on finishing XCurrency since there is no longer any financial incentive for the devs to do so.


The problem is with the PoW structured to be a pump and dump.  The largest holders had a cost acquisition of .02 - .05 per coin.  When they see the devs dumping they follow suite.  No new money is going to come into a closed sourced coin when there are open sourced coins available.  The reasons for this are

A - It's provable that the developer has done what he says he has.  Community is full of prying eyes.

B - It's possible for another dev to pick up where old dev left off if he leaves, gets hit by a bus etc.

C - There is a re-assurance that the dev is doing for more than fiscal gain but actually for a sold out belief in a cause (in some instances).  Since anyone can clone it the challenge is "If you can do a better job than I can - I'll give you a head start.  Here's my code.  I want to see this happen more than I want to financially benefit from it."

This isn't always the case for all open source coins.

P.S.  For everyone in this thread that came over and said I was too greedy and had just myself to blame for losing money to the XC dev who did the ASIC scam.  Back at you.

You were greedy and stupid to buy into a closed source marketing trick.  At least I get to put my scammer behind bars

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. 

It's the crypto limbo, this is where the men are separated from the boys, this is where you get tested about the size of your balls

XC TEAM IS NOT A BIT DIFFERENT THEN THE OTHER FUCKING SCAMMERS
exept they can actually code - better for a longterm scam

what happened? 

Yeah i agree with that, but XC being open sourced now would have no effect on price, i still think the dumps would be happening , I want open source, it's the ultimate goal. and also its very debatable whether anyone would clone it so early.....bitcoin took a while to clone first, it took people time to learn how to do it, just like we are seeing with Dark coin currently, People are cloning , but they don't have the magic evan touch, to get it all working right, because they aint the ones that made it.

Open sourcing some tech does take time before it can actually be cloned, because people need to understand it first to get it going properly, so the fear of cloning shouldn't be such a worry .

But thats a whole other thing.

this is exactly what i think it is, it is a large holder or a few large holders no longer agreeing with what XC is doing. Anything else thou like the thoughts or the intricate reasons for those actions are pure conjecture unless you are one of them.

Most coins usually only really "die" when the developers stop/slow down development or run away, if they continue doing work , it wont "die" . this is people or persons selling their holdings cos they are moving funds, to another coin maybe, cashing out maybe. But anything of these "reasons" peple are putting for the single collapse of a single coin in a fully connected crypto market is pure subjective speculation

 

What a lovely day.....

it is pretty bloody out there.  I got a feeling bitcoin is going to wind up resting in the 200's (at best)

I saw this coming when other 'big' announcements starting releasing which was deviating the coin from its original goal. Kind of like when CLOAK was working on PoSA then before it was completed announced CIARA. Soon after, crashed.

FWIW, the alt market is red across the board. Im talking about legit coins (scam/pump & dump coins seem to be the only coins significantly increasing short-term). Until BTC does in fact have a trend reversal, expect horizontal movement or worse, a slow gradual downtrend until who-knows-when.

What I find so sad with your PR guy admitting they've been selling coins.  Is that he was giving his idea of why the price should go up while dumping the shit out of you guys buying up all the "cheap XC's"

There's no fiscal reason for the developer to get this coin to the point of open source where it's merits can really be evaluated by the community.  New investors will be scared of that as they should be.

I think we all do. I bought a load at 100, 79, just got a few more at 49, got orders all the way down. fuck it. If this ship is going down Im going down with it.

I dont think going open source when we are this low is a good idea, someone could just copy us, there will be a massive pump of the new coin and that will be the end of us. .. imo.

I agree with you all anon coins are down.  But my response was to the poster who though XC not being open sourced had nothing to do with anything.  I was just explaining how the market dynamics for darkcoin at the time they were closed sourced was different.

It's different trying to claw your way to the top than it is being first to market with a new internet fad (anon currency).

The latest downturn for XC that darkcoin and others have experienced less of was the announcement of the blocknet.  Some major holders dumped on that news and still haven't stopped.

did they take off a lot of premine or not .... ?
this question was already deleted 3 times  

Weird how its behaving like all the other coins in the market including XC , with regular dumps recently, almost looks like all these coins going down are all connected somehow.......weird, i thought it was 400 different reasons for why all these coins have lost value...not just 1

Darkcoin was first to market.  Darkcoin created a new algorithm other coins used.  

The only room for XC in this market with several anon coins above them is if their tech truly is better than everyone else's and there is no way to know that without open sourcing.  Since dark had no legitimate open source competition it didn't matter for them at the time.

The anon fad is over - looks like it's move to turing complete and IPO's of ideas that are supposed to make people money (blocknet, supernet).





Look at the main forum.  THAT is what a nazi moderated thread gets you.  Do you think new users come to the ANN section or just look at the first page in the altcoin forum?  I disagree with your strategy. 

It's all about hitting the superfecta in crypto.

We haven't crashed since 2.15 - hey moon!!

One question - do any of these coins ever go up?? I was just wondering - someone told me
the price rose once of some coin they had bought - I just hope I can avoid that because I'm really in this to lose as much as possible
as fast as I can and so far it's working out perfectly for me.

its always funny to me when investors become more dogmatic about the coin then the dev team.
clearly the insiders are selling XC without respect for any technical levels.  They have all been broken.  
Next stop is 20k and people are still willing to hold ??  very masochistic behavior.  
67k was the last solid support level.  
the fact that why would hype up the blocknet only to sell off XC reveals that they are less sophisticated than we have been led to believe.  

Good post. I think it pretty much comes down to Bitcoins drop in value, it's as simple as that. I could certainly do with this bitcoin 'bubble' that everyone keeps going on about happening in the near future.

Hodl for the ride in either direction I guess

Edit: I need to be like these guys that leave their wallets on their computers for a year or two and then come back.  Problem is....I'm addicted to crypto and can't walk away.