Topic: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos - page 68. (Read 1484218 times)

It was "first come first served". To hell with the long time Xc holders.

holding xc is no option ?  
some thoughts :
blocknet is more useful then XC, so it should have a higher price compared to XC
assuming the blocknet will have 10 mio tokens , -> nearly double amount of xc coins ->
so the price should be higher then the price of  0,5 XC
-> xc's current price ( 0,00069011) needs to come into a more logical rate  (xc need to be cheaper then blocknet)
option 1: supernet price needs to rise a lot  (from 0,00025 above 0,00069011:2 ~=~ 0,00035)
option 2: xc price needs to falls a lot (under 0,0025)
option 3: supernet rises and xc falls (maybe sth like 0,004 for a blocknet token and 0,003 fo one XC)
where are mistakes in my thoughts ?

I think it's unfair that some folks couldn't use some of their XC to buy blocknet tokens. I didn't find out about this until after it was sold out.

Reese,

You could have bought blocknet with your Xc for a 10% discount. There was a limited number of blocknet tokens available for this offer.  These sold out in a few hours.

I think that offer was shared with the other affiliate coins.

 i don't think there is a lot of private transactions going on already . this thing is still not finished and marketed to a bigger user base. lets face it right now XC is a specualtion object. I specualte on the ability of Dan and his team to get this technology to the point of mass market usabilty. but still its specualtion at this point.

holding xc is no option ?  
some thoughts :
blocknet is more useful then XC, so it should have a higher price compared to XC
assuming the blocknet will have 10 mio tokens , -> nearly double amount of xc coins ->
so the price should be higher then the price of  0,5 XC
-> xc's current price ( 0,00069011) needs to come into a more logical rate  (xc need to be cheaper then blocknet)
option 1: supernet price needs to rise a lot  (from 0,00025 above 0,00069011:2 ~=~ 0,00035)
option 2: xc price needs to falls a lot (under 0,0025)
option 3: supernet rises and xc falls (maybe sth like 0,004 for a blocknet token and 0,003 fo one XC)
where are mistakes in my thoughts ?

I think it would help calm the waters if we could have a statement of how Dan's development time will be affected by his second project - the Blocknet.

Up until now it seems like Dan has been putting 100% of his working week into XC.

How is that now going to change. 50% of his time into XC, 50% into Blocknet? 20% XC, 80% Blocknet.?

In the Blocknet topic, Blocknet is described as being backed by Dan.

I've been running an xmixer for over a week now and haven't received a single fee. However, I have been charged a very minimal fee of -0.0001 XC that Dan said was a mistake.

Is anyone running an xmixer and actually processing private transactions? If so how often?

Thanks

I'm convinced saving money to buy coins is futile. Between birthdays and the holidays coming up I can only buy 10-20 XC coins per week. I won't/can't touch any Block coins since I clearly can't afford it.

good plan. 

Then I need to somehow get up to 1000 XC to run the mixer/node. 

ah thanks!
that was new to me. so i get fees from the blocknet for holding xc ?
sounds nice
missing piece

ah thanks!
that was new to me. so i get fees from the blocknet for holding xc ?
sounds nice
missing piece

bad metaphor.
the demand for the knife here can't fall since its still the exact same knife here only existing once with blocknet. the knive in your leatherman acts like a second new knive that is a direct competitor. thats not equivalent to the situation of XC with the blocknet present. its more like a knive owner, a fork owner and some more guys with unique tools form an alliance that makes it possible for each member to borrow the other guys tools for a fee. so the knive is still unique but from time to time the knive owner will make some extra money cause one of the alliance bros is using it. the tool getting borrowed the most in the alliance will turn out to be also the most valuable to buy.
thats the right metaphor. youre welcome

short term, yeah, it might not be great, but then, you have to consider a couple of things:

1) Not every1 is a great trader. I have accumulated just enough to have some xmixers, and I am still debating in my head whether I should sell more XC for blocknet. Thus, why take the risk and sell XC, if you are not certain you can profit from it? Remember that xmixers directly profit from private transactions, and the up to the day testing has proven that with the minimal network traffic, users were able to profit by sums relative to daily staking . With blocknet, multiply that profit by 100, as the blocknet's network traffic and thus private transactions will be massive compared to just XC's network, cause lets face it, not every1 bought into XC or is willing to, for his own reasons.

2) There is the XC ITO as well. Even if you have complete faith in your trading ability, maybe the timeframe doesnt fit, and you are forced to give up on XC ITO tokens. Remember that you get 1 free XC ITO token for just HOLDING 10 XC. No need to sell or anything. Yes, the blocknet might be in the spotlight right now, and it is a HUGE, collaborative project, but Dan is the leaderin this effort and his work is the core, even though there is no central coin. You know, some1 has to code that thing:P. More people get into blocknet or become aware of it, Dan and team will take a lot of credit for its success and smooth operation, that will make people invest more into his projects.

3) Big holders and traders sell XC, take notice of the term "sell", not "dump". That implies two things, first that most of them intend of profiting and commiting back to XC at some point, and secondly, that there is nothing wrong with the coin itself. There shouldnt be any mistrust or frustration at the pace of develpment, thus you dont dump, you just sell for various reasons. This also means that a lot of newcomers find a new entry point to invest into XC, and coin wealth is redistributed.

4) There are many frustrated newcomers to the scene, myself being quite new, 6 months in this, but it is such a highly volatile environment that every month of experience in here is like 1 year in other more stable markets. Take notice of last month's bitcoin price, then keep in mind that 6 months ago, 400~450$ was considered a couple of month's stable, then it spiked to 600~650 for at least another 2-3 months. There was LOT of profit from experienced traders, poured back right into the alts scene: mintpal was the king of volume, there were THOUSANDS of BTC PER TOP10 ALT traded every single day, and XC was part of it. Then came sept/oct bitcoin crash to 350~400, mintpal hacking and A LOT of alt scene scams... BTC is the king, if it catches the flu it spreads to alt scene as well, if it rekts then alts wreck havoc as well.

5) Because of point 4 people are really skeptical of using exchanges, at least until one provides real proof that is 100% stable and longterm viable, thus stable, PoS long term projects like XC have no real value stacking in an exchange, just search the topic about user experiences losing THOUSANDS of XC in mintpal/moolah scam, resulting in really low XC volume making it easy for avid traders to manipulate XC and profit from it.

This is ofc a small timer's point of view by trying to study/analyse the last month's scene, and in no way patronising you, just thought it would be nice to share this



ps:conradjohnson, no, for this ITO you have to sell XC to coingateway(its really fast and secure), and they provide you with blocks(blocknet coin/shares). You get 10% more blocks if you do it with XC directly, rather than selling XC for btc and purchasing blocks with btc. The deal you are requiring is commited to the XC "company" ITO.

Lets say XC was a uniqe and effective knife on the altcoin market. Now a leatherman, containing the exact same knife which was uniqe once and other usable things like a fork ,is available for sale.Will the price of the knife fall due to less demand?
for me the answer is clear