Bitcoin Forum

Most coins are sold to a small amount of holders.
1000 People / Address own 99% of the coin

So why it this scam? When those holders drop their coins the market will fall like a stone.
Most of those 99% Holders stake so the amount of XSPEC they get increase.

The coin has a Volume of 5100 BTC but all Exchanger combined (Crytopia with the most Volume) have only 25 BTC.
Since only 50% are staking i dont know why all those Exchanger have such a low Volume.

The coin has absolutely no marketing and is getting pushed by Groups like "Smart Signals" (a shitty pump group which now drops signals with a success rate of 20% lmao. Also deleting signals / news when they flopp.)
^probably many kids from there will come here now and post shit.


Avoid this coin and invest somewhere else or lose money. With no marketing, no bigger Exchanger this coin will be a pump n dump until it flopps.

You are wrong cunt

Another idiot spreading FUD.
Newbie with 0 activity. An account made specifically to call this a scam.

You're just raising the credibility of SpectreCoin and promoting this awesome privacy coin.

This coin has had plenty of marketing and if I am not wrong is associated with the Bankera project. I can say that is legit 100%, but out there it does not get much better than that. Also, I believe the dividend is as promised.

Awesome comment. Insulting answer without going on my Information. Perfect.

You DON'T HAVE any information. You just speculate shit. Get in line.

sure .... http://prntscr.com/i27zza

Source ?

Where do you get that information? 1000 people has 99% of the total coin. Are they connecting each other?
If not connecting then it would be fine.

How do you account for the fact 99% of the worlds wealth is equal to the other 1% then? guess you have some bigger scam accusations to make eh?

Look at the original Spectre threads, everyone gave unbacked scam accusations when this project began causing almost no one to invest. (14k use collected, I believe).

Now people like yourself are jealous of the stellar returns those who initially invested got, jealous of their much stronger hands, and now you have to go about making a scam accusation thread. How do you expect to make these accusations when the richlist and blockchain become obsolete when v1.5 is released and stealth addresses become the default staking addresses where you can no longer publish this .jpeg  for any sort of accusation?

MUHAHAHAHAHA

Here: https://chainz.cryptoid.info/xspec/#!rich


What the fuck is this for a shit post? Drunken or what?
The fact that 1000 People hold 99% of the coins show that the price is going to crash when a few of those sell their coins.

Read it again and again until you eventually understand it.

When a whale sells a large amount, someone else is buying their share, thats how growth and distribution work and in no way does this constitute a scam.

What he doesnt show is, that all 100% coins belong to only 2967 different adresses. so there is one easy explanation: this coin is rather new and not wide spread.

Thank you for sharing interesting information. If there is something else please put it in the branch. I'll watch.

whatever you say about the spectre that it is a scam project, but my word is not scam .. some people may be affected but i am not.

Just to compare:

ECC:  

Top 10   7,686,445,195 ECC   30.75 %
Top 100   17,249,191,867 ECC   69.00 %
Top 1000   24,360,466,717 ECC   97.44 %

Zoin:

Top 10   4,269,371 ZOI   26.62 %
Top 100   11,018,274 ZOI   68.70 %
Top 1000   15,888,308 ZOI   99.06 %

EMC2:

Top 10   106,686,082 EMC2   49.32 %
Top 100   162,632,046 EMC2   75.18 %
Top 1000   203,651,691 EMC2   94.14 %

so please get you sht together on stop pathetic FUD. xspec is on just 2 small exchanges!
and about your accusation: your right, a whale would rather sell 1MM coins for 10 cents than 50k coins for 2 bucks. Aha! Bye! (https://www.youtube.com/watch?v=3WzB63CUOtc)

I do not understand why this coin is called garbage. After all, this is one of the most interesting anonymous coins. It seems to me that this coin can bring a big profit.

"Envy is the sincerest form of recognition"

Where do you get those information?

What is all the furor about! it’s managed to build up a pretty healthy reputation among followers and a pretty strong community during the period subsequent to its initial offering.

Look, I hold a few XSPEC for fun, but I'm by no means a blind fan. XSPEC has strengths and it has weaknesses. But this kind of poorly-thought-out BS is pointless, misleading, and not helpful to anyone.

Some facts, all of which are easily verifiable by anyone who wishes to do so:

- XSPEC is largely based on ShadowCash code, with the addition of integrated TOR. The fact that the first version of XSPEC partially/mostly copied ShadowCash code pissed off some people, and led to a lot of FUD around XSPEC's ICO. Now, there are two important points to take away from this: First, almost every project in cryptocurrency is a copy of some other project or combination of projects. That's just a fact of life when the code is all open source, and it doesn't mean the resulting new projects are scams (they may or may not be, but that is independent of the copying). Second, it is now more than a year after XSPEC's ICO, during which time the XSPEC devs have made considerable changes to the original code. XSPEC is now very much its own project (and, ironically, XSPEC was actually copied recently by TokenPay).


- XSPEC's ICO was more than a year ago. The distribution is now driven by market forces, not initial sales. Having said that, XSPEC's distribution is, indeed, 99% for the top 1000 addresses. This is what happens with every relatively young, relatively unknown project. I think people in the crypto world forget that even in 2018, crypto is not truly mainstream. As a percentage of the world's population, very few people hold BTC, and XSPEC is much, much, much, much less well-known than BTC. For such projects, the normal progression is 1) most coins are held by a small number of people, many of whom are close to the project; 2) coin experiences a pump; 3) some early adopters take profits, leading to a dump; 4) dump leads to redistribution to a larger group of holders; 5) repeat, with the amplitude of the pump and dump cycle dropping as distribution and market awareness improve. The key point here is that centralized distributions aren't great, but they are a fact of life in the earlier stages of most projects. They are NOT evidence for a scam (i.e., a deliberate attempt to steal money from people based on false information). Over time, if a project continues to follow its development roadmap and deliver on its promises, the distribution will improve.


No sh*t, Sherlock. That is literally why anyone chooses to hold an asset that pays a dividend/interest, whether in crypto or the real world. And anyone who wishes to participate is welcome to do so--it's not like this is only possible for the first X people who buy in or something. Honestly, have you never heard of PoS before?


- First, I'm not sure why anyone would assume that a coin can only be either staking or being actively traded. Why can't someone hold coins on an exchange without actually trading them? Why can't they hold them in an offline wallet because they don't feel comfortable staking, or don't know how? If you look at any PoS coin, you will find that many people still choose to keep their coins offline. This is completely normal.

Second, XSPEC's daily volume is currently about $275,000. A few weeks ago, during the pump, it was about 10x that. Market cap is calculated as the total supply of the asset x the price for one unit of that asset. Take a moment to think about what that means. If I make 1,000,000 AwesomeCoins and I convince one of my friends to buy one for $50, technically AwesomeCoin now has a market cap of $50,000,000. But does that mean I could sell all million AwesomeCoins for $50 each? No, of course not. You couldn't, because a) the supply of coins actually available for sale is much smaller, and b) the pool of buyers is also smaller. THIS IS TRUE OF LITERALLY EVERY ASSET, whether in the real world or in crypto. And it's especially true of PoS coins, where there is an incentive to hold.


First, the lack of marketing is a deliberate decision by the team, and is not a secret. Marketing will increase later in the development cycle. Second, the XSPEC team feels that centralized exchanges are antithetical to their goals of privacy, and are putting their focus primarily on decentralized exchanges, which will become much more common over time. Again, this is not a secret. Third, no-one can do anything if a group that is unrelated to a project chooses to pump it. Some degree of P&D has taken place in almost every young-ish project in the history of crypto and, as I said above, it is this process that ultimately leads to a fairer distribution and more stable prices.

Now, all of this is a separate question from whether any given person thinks that XSPEC is a good investment for them. True, marketing would help increase adoption, as would getting on more exchanges. On the other hand, marketing before there is a fully realized product can actually do more harm than good by causing extreme P&D. Likewise, there are enough people out there who are concerned about privacy that avoiding decentralized exchanges is seen as a strength by some. Regardless, XSPEC's values and plans are not secret--anyone can read up on them, and decide whether or not they wish to invest.

So: Yes, XSPEC is a relatively young project. Yes, because the devs have chosen not to do much advertising or get on more centralized exchanges until the project is more mature, it is still relatively unknown and the distribution of coins isn't great. XSPEC has chosen to develop its project in a certain way and, as an investor, you either like this approach or you don't. People are free to invest or not as they wish.

But--and this is the important point--NONE OF THE ISSUES RAISED IN THE INITIAL POINT INDICATE A SCAM. At worst, they indicate a bad marketing and development strategy, but that is open for debate, and won't become clear for a long time. Feel free to not invest in XSPEC, but don't spread misinformation.

Well, the charges of fraud are very serious accusations. Closed sales today is not a novelty. Many good projects are sold either completely on private sales or for 3 minutes. Many projects collect the entire amount on pre-sales.

I hope this thread causes the price to drop because I have a limit buy order that's been waiting to be filled since prices started to stabilize yesterday...

Haha same lol

There is a lot of good project with anonymous coins out there. I do not consider XSPEC a top project. A nice one but not a top one. I also sold a few XSPEC i owned because i prefer coins that are traded at nice exchanges like bittrex. Sold my XSPEC for a profit and hope that this project thrives but is not for me.
I also prefer the temper of members and devs from other coin communities.

While you're  saving the world with "scam" accusations......you may want to go after some really bigger game...

>Bitconnect, a literal Ponzi scheme $2.5 Billion

>Tron, literally a scamcoin selling the idea of "Web 4.0" to normies on Twitter went to $17 billion

>Cardano, ballooned to $20 billion on just a whitepaper

>Qtum, still no product yet, $4 billion

>Dentacoin, literal Bulgarian Pajeetcoin for dentists, $2 billion


>Bitcoin Gold, pointless fork of Bitcoin, $4.5 billion

>Verge, a "privacy" coin that leaks its users' IP, literally a dogecoin hardfork that's still valued at more than a $1 billion

>Eos, $6 billion, no working product

So these total around $57 billion dollars....go gettum!

That coin gives me memories on how many people were hating on Ripple when they were talking about how many coins the whales have.

If theres someone beyond stupidity it was you,an total moron how the heck did spec distributed 99% of the total coin? did you really do your homework or you just making some noise from our community,either way you're a waste of time,XSPEC is the most promising new privacy coin of 2018 genius its better than XMR,DASH etc whos technologu is far less than XSPEC.

I like it when you make a full comprehensive rebuttal like that.

xspec has probably the worst initial distribution on this board - actually i challenge anyone to find 5 with a worse initially distribution.

however although it is now totally open to manipulation and dumping I dont think it is a scam as such

People thought it was a scam and didnt invest so a few people got it all for next to nothing

However what if projects make you think its a scam so they can keep the distribution narrow and then manipulate the market

Either way they seem to be doing some good work now so you pay your money you take your chances. with it

100% agree with you on most of what you have said there, but if xspec was worth 5 billion you would need to add i there because all these projects except 2 or 3 have one thing in common ... terrible distribution which has led to manipulation and market making to create huge fake caps.



however i do actually view xspec to be better than most of those you have listed in one way or another

Always the best way to react on pointless FUd.

Wow, that´s a really impresive list. It is true that nowadays is easy money as it was during the internet golden era. And in the same manner, it is not yet clear which horses are winner and which ones have only three legs.