Topic: XSPEC x200 this year - page 5. (Read 2131 times)

Instead of producing code, the XSPEC team is getting good at producing announcements.

Unfortunately the coin cannot live with announcements only, or announcements of delays of what promised in previous announcements, or announcements of future announcements.

In the meanwhile some questions have come up, but have never been answered in any of the above:

- Where is 1.4 code? More than a month after jbg promise: https://imgur.com/a/BHF5s
- How on Earth have jbg mixed up 1.4 code with stealth staking? How long is he taking to cherry pick a few commits?
- Why after almost a week jbg still does not know how much work is left to finish 1.4? And after 3 weeks of announcing that 1.4 was on time for the end of February?
- Why has jbg lied in 1.3.5 release notes saying he has implemented "Automatic ring size determination for stealth transactions"?
- Why has jbg lied about his software development experience? After a private chat with him, where he was of course trying to minimise the mistake ("everyone exaggerates experience") I had a recognized loyal member of XSPEC community telling me that jbg told him he has 25 years of dev experience, and he is in his 20s. This was not exaggerating, this was lying.
- Does jbg think it's realistic to say that learning a code base, a few library updates, UI fixes, CI and ability to send money to developer is enough work for 9 months for 1 developer (plus one developer for 6 months)?
- Where is Bryce work? Can jbg show his 6 months worth of development? Maybe to some XSPEC community longstanding members?
- What does jbg have to say about 3 independent reviews of his code (this thread you are reading, but also here and here) where we all agree he is not working full-time? Can jbg give us some proofs of the contrary? Also some people from XSPEC community agrees on this him.
- Why is jbg talking about "zero reward" from XSPEC? The donation address in control by him received so far ~100k XSPECs, which in my opinion is a very good deal for what optimistically seems a part time job for him.
- Why is jbg sending most of donations to SdsaXSYCksJcW18AJ6HcG1ZwgFKcU7WYrr? That address has 232k coins received and it's linked with addresses holding milions of coins which are clearly not exchange addresses.
- Is jbg planning to exit soon?
- How many coins does Mandica hold?

Update from JBG:

OK everyone, I have a short update regarding project structure. Even before I needed to take some time off, I had been discussing with a number of longstanding community members about expanding the core team and formalising some kind of "governance" over the project. Given that me taking 10 days off caused such a large disruption, it's clear that these changes need to happen quickly so that the project can keep its momentum even if one member needs to take time off. We now have an idea of what we'd like this to look like, and I'd like to share this with you all.

First, we're going to officially grow the core team to include several more people, including at least one more developer but also people with project management and marketing skills. Mandica is also back in good health and will be participating actively in the core team again. Second, we are introducing bounties to encourage much wider participation in the development of the project. This will be managed via GitHub Issues - anybody will be able to "claim" an issue and upon their successful completion of it, the bounty will be paid to them. This will be funded from the staking donations. I'm working on identifying the areas where I think bounties can be best applied and will create issues soon, but I'd also like to encourage anybody who has ideas for fixes or improvements to propose bounties. The core team will select the bounties that will be funded from staking donations, but anybody can fund a bounty if we don't select it and they want it to be worked on. We hope that these changes will "decentralise" development more effectively and also increase our rate of progress. A specific update about v1.4 will follow in the next days.

Also, once the core team is in place I want to hand control of incoming donations over to a designated person who will manage the bounties and make results-based payments to me and Bryce as well as fund anything else that needs funding. This designated person will be chosen by the core team collectively, in a public and transparent way, and will be some longstanding, well-known community member. I want to make this change for several reasons, (1) I think philosophically a clean separation of the funding and the development is a good idea, (2) the constant accusations directed at me are taking a significant toll on my wellbeing and my ability to work effectively, and hopefully this will help, (3) the designated person should be able to more clearly weigh the various needs for funding (marketing, core developers, bounties, maybe exchange listing fees, etc) rather than having it managed by a developer with a more narrow view of the project.

Once these changes occur within the next few months any scam accusations are essentially going to be null and void. Multiple developers, results based payments, donation account controlled by known community member, etc. Very nice to see and definitely eliminates any doubts I have about the project, aside from what Brycel is working on. Thats all faith for now.

mee to just hodl till the worst will happen. maybe never and we will see bullish days xspec ... nobody knows ...

anyway, i will hold my xspec...
we all know the risks of cryptocurrencies... all invests are risky... no matter in what you invest!
I used money what i "dont" need... hm, yes we all need money i know, but i used an amount of money what i can lose without suicide

I can't attest to Mandica paying JBG to start, I don't remember seeing something about that anywhere, but Brycel was originally paid out of pocket by Mandica. JBG was originally funded through donation campaigns that the slack community raised, and now is funded through the donation slider in the wallet. So, technically he is being paid by the community. JBG has said to bring on another developer there will need to be an additional amount brought in through direct donations to that dev or through staking to pay them obviously (unless of course the new dev will work for little). JBG doesn't "own" the project, no idea why you think that. He is the lead developer on the UI/main code side of things. He is fully open to bringing on additional developers. He had to "sell funds" because he hadn't pulled any out from the donation address before that from my understanding. So essentially he hadn't taken a paycheck from the donation implementation until now.


"This is the most true thing in the post. I've never said anything about my age (at least as far as I remember), but I've said I have 20 years’ experience. In reality, if you actually go back through my CV, I've only been working on software development since about 15 years ago, of which 2-3 of those years were spent part-time and the rest full-time. I rounded up (which is hardly rare), but I shouldn't have, and I won't be claiming 20 years any more."


"the long version is, they're using this idea that "library updates" and "build system improvements" are not serious work to try to discredit the work i've been doing. that stuff is critically important. you can't add a floor to your house if you don't beef up the foundations first"



This is the biggest indicator you don't care about the project following through. The whole point is that 1.4 will be able to solve a lot of problems you have with JBG not doing a lot of work on the project. So then how about you wait for 1.4 to be fully released and then you can spend your time analyzing the code all you want. Because as of now, you spend all your time on BCT trying to "save" people from investing in XSPEC for what? Out of the goodness of your heart? I find that hard to believe. You anti-shill XSPEC more than most people shill it. Why aren't you spending your time on all threads about scam coins?


Where did I claim that I knew they are, for sure, hiring another developer? I said they are open to bringing on more developers but we'd have to find a way to fund it. If JBG is a scammer then he only has a limited amount of time before hes found out. Not sure why a scammer would be so open to bringing on more experienced developers who could easily see if JBG wasn't doing any work.

"if we want to bring in another experienced full-time dev i guess we are looking at at least 2000 xspec per month more but, maybe there are some skilled people who would do it for less. Plenty of people have less experience but plenty of capability, and if we are reviewing their code it's not such a big problem if they are a bit less experienced"

"Hopefully we can also bring some more developers on, develop a more regimented development process where things are in small, well-labelled commits and pushed regularly. we basically want to have as many developers as possible working on the project, but with the core team (bryce and I, and hopefully a few more people) vetting the code. I recognise that we need to make our development more regimented and auditable and i'm working on it."


Sounds like a whole lot of opinion coming from you. A lot of alts are down right now, the whole market is volatile. There's also a whole bunch of people that think its a good investment at this price. I don't think my words have ANY impact on the price though. This is just one of the many projects I believe in and my voice is but a drop in the ocean of voices. I don't think that XSPEC is the best project in the world, JBG is regularly late with updates but usually delivers. Stealth staking is innovative but as of right now is up in the air for whether or not Brycel will actually deliver results. There is a shit ton of risk associated with this project but any investor will weigh that into their decision on whether or not to invest. Again, I know there is a risk this project could tank to 0 if results aren't delivered, but I believe theres a decent chance that they could deliver and my faith will be rewarded.

Anyone developers looking to help with this project are encouraged to join the discord and talk with JBG about whether or not they could contribute with the project.

Ok so please for each of those quotes, post a link to their investigations and findings.
No one has said this has anything to do with 1.4, based on what we've seen though it's fair to make assumptions.
How do you know they are hiring another developer? The initial project manager payed jbg to START with, now he owns the project and isn't being payed, had to sell funds for a flight recently yet can afford to hire a developer?

The findings are simple, jbg is in his 20s, claims 20+ years dev experience, more on top of this relating to other personal findings but the other key item is the code research done on an open source project (XSPEC) which resides on GitHub, you can clearly go through this code and see jbg has done nearly nothing in his time yet claims to work full time, the changes he has made and hyped as big features or bug fixes are less than a days work, the code does not lie, any one with the slight ability to read code can see this themselves, you provide nothing, as I said the absolute easiest way to put this to rest is to discredit the code findings, yet you just keep typing up your garbage, you're silly if you think your words will have more impact on coin price than what's already happened, people are smarter than this and it's showing in the recent dumps, as of now it's a highly volatile coin and a horrible investment with a terrible developer.

What will come next from you? going to claim more FUD no doubt.

Those people DID do research and at the time believed Monero had proved nothing that made it valuable as a coin. I'm not saying XSPEC will follow the same path for success, but the arguments sound very familiar. If 1.4 is released there will actually be code available to parse other than foundation updates needed for 1.4/2.0. If 2.0 is actually released... well, it won't matter because anyone who didn't invest will have missed their entry point.

Anyone notice how he avoided what it would take for him to stop believing its a scam?  Probably because its not about the project itself. Its about spreading that sweet, sweet FUD.

When will you give up trying?
None of the above disproves the findings on XSPEC.

To compare, all of the above quotes are nothing but speculation from people doing no research or providing anything more than an opinion.

XSPEC on the other hand, we've had research in to the developer himself and the code base for XSPEC, all of it is 100% fact without speculation or bias view.

Give it up already, your post history is all XSPEC shilling, if you want to save your coin focus on disproving the findings.

I'm just curious, what will it take you to believe XSPEC isn't a scam? Will the 1.4 release satisfy you as to the progress JBG is making? Adding another developer? Successfully completing Stealth Staking? Where does it stop for you?

I find it funny that the 25 cent Monero thread has resurfaced in the last few days, take a look at what some of the people were saying about Monero when it was 25 cents:





My personal favorite:


Sound familiar everyone? Monero was a "shit-coin" until it wasn't. If XSPEC actually delivers, the price is going to reflect it and a lot of early adopters are going to be very happy with their investment. I was definitely concerned with all of the recent threads about JBG but he reasonably defended himself and I trusted his responses. I'm eagerly awaiting 1.4 release which I hope will help stop the endless FUD being spread by the same 3 people. Call me an XSPEC shill if you like, I'm invested in quite a few coins and XSPEC is one of them and I believe in the project. Its not a secret. Make a decision based off your personal risk. For me, either XSPEC is going to be worthless if JBG/team doesn't deliver, or its going to the moon and beyond if they actually deliver stealth staking. I'll take that risk because I spend money on dumb shit now anyway so I might as well take a gamble that could pay off big.  

Proved so far, none. Read the message above yours.

What can be the drivers of growth for this coin? I almost decide to buy some, but last news so disappointing.

At a quick glance of your posts, you don't appear to be an XSPEC shill.
Before buying I suggest you read these 2 threads:

https://bitcointalksearch.org/topic/proof-that-xspec-is-a-scam-3055715
https://bitcointalksearch.org/topic/why-i-chose-not-to-invest-in-spectrecoin-xspec-now-2839833

If you still want to buy after that then go for it, you should always do your own research over listening to others, but consider those 2 threads in to your research.

I planned to buy a week ago. I'm glad that I decided to wait a little longer. I think that now the price is almost optimal for the purchase.

it's called catching a falling knife. Time to limit risk not get more of it...

The issue isn't about pushing beliefs, it's about being too close minded to change your beliefs, it also comes down to morals, if I held a coin which was down from the price I payed and such a thing came out, I would just keep quiet and go about getting out or regaining through my own methods, I would NEVER try to pull others in to my mess.. Plus the belief that people who do none of their own research will have the funds to bring your coin up is idiotic, people with money to invest are not this stupid, so all you're doing is hurting innocent people for no true gain.

Well if you don't praise your own beliefs what then?

I agree, it's why you need to do your own research instead of listening to people on forums, when you have Sr/Hero members promoting a scam coin going to 200x it shows why.
Another good tip, if a coin is being spammed, hyped and all sorts of things on the forum for over a year yet has a market cap under 20 million, it's probably nothing great.

If a coin has had that level of exposure yet does nothing.. there's usually a good reason why.

Also if people hold a coin, it doesn't matter how senior of a member they are on the forum, they will praise it.. we're here to make money after all.

This is the kinda BS that makes crypto unappealing to people. Don't know which side is being truthful, but either way these events make us look very armature.

My prediction from December 2017



Current price: 0.86


This coin is being shown more and more every day that it's a scam and a money grab by the DEVs.  My prediction is still on pace and should expect this coin to be worth a few cents by the end of the year.  There is a massive sell off going on right now.