Pookielax it's bad faith to not quote XC's response to that allegation.
Perfectly orchestrated Pump and Dump via feedback from shady developers who deleted their own altcoin github sources back in the day (XC). Another developer from XC was pumping Cachecoin a few weeks ago. This whole scene thing with "XC" wreaks of manipulation, malice and heck of lot of red-tape and corruption. Apparently the premine was used to "hire" other people in the team, who were later announced on a day where they did another pump and dump as the announcements came in of some guys who said they will integrate this altcoin in ATM.
You can also see some BTC-E trolls pumping KeyCoin at the moment. Same familiar faces. Everyone knows this too, they are just in it for doubling/tripling their BTC holdings and leave a lot of new forum members/crypto newbies bagholding who will inadvertently later on create threads about how awesome KeyCoin is and pollute other coin threads with their incessant shilling, while the puppet/pump masters are gone and onto the next anon coin. Same story over and over.
I think XC is the first such coin, along a now growing list of anon wannabe coins.
You refer to old and discredited FUD about XC.
- XC does
not use Github for development. Dan temporarily put some early XC code into Github to refute FUD-claims that it was a Fedora clone. The code was subjected to peer review, clearing the allegations, and then deleted.
- XC open-sources its code on a delayed timeline. Recently XC
released its Rev 1 mixer.
- XC's Team have
made their identities public and thus put their reputations at stake. If you think they're shady, you'll need to substantiate your view, because the evidence here is to the contrary.
- Cachecoin is a project of Jasinlee's, and Jasin is an XC developer. Cachecoin is in active development, none of the premine has been dumped, and its future concerns PoBC, which is part of how XC will run on mobile phones.
- XC's ATM integration is
not related to hiring anyone. The first two members of the incipient XC Foundation are involved in ATMs. As they're Foundation members they're not being paid. So that part of your statement is ill-informed conjecture.
- XC's premine is necessary to fund sustained development. You're welcome to disagree, but I fail to see how it constitutes something suspicious.
(a) It can't be spent unaccountably, since people are always watching it.
(b) It's more candid than an instamine and
(c) it doesn't require taking other people's money upfront like an IPO.
I'm open to discussion on this last point, but I don't think that it can be used to substantiate claims of XC being suspicious without substantial further argument as to why this might be the case.
- Lastly I cannot comment on KeyCoin's legitimacy, other than to note my
public annoyance at their frequent
omission of the fact that they're using last-gen XC tech.