Yeah I guess I understood this, but its not much of a service. At the moment we are the best at this, but soon it will be open source, and it wont take long for other coins to adopt this feature internally. So in the end we will own nothing. I thought that we would at least own the items on the roadmap like Xchat, but this is now looking doubtful and the ability to distribute content which now seems more plausibly done by Xblock. I think xBlock is becoming what we all had hoped XC would become.
I don't think it was fair to make xBlock an owned entity, it should have been a open not-for-profit entity. There will always be a tug-a-war between xblocks needs for profit and the coins. I cannot see it working. It will just implode. Sorry I feel this way. I would love to be proved otherwise.
Let's just keep things simple: - XC and the Blocknet are entirely distinct, and none of XC's features are porting over to the Blocknet. - Why not? - because that's like saying Google's features are going to port over to the internet. Huh? No. Doesn't make sense. Did you miss my post above about "ownership" of XChat? XC holders will get shares in XC Inc and will therefore effectively "own" (i.e. get paid for) XChat twice in the event that XC Inc sells the tech to a third party. What's xBlock? Did you read the PR? Nothing in there is called that. :-) I know they will be distinct but I am confused on what services will be offered by XC, or more importantly its niche. Is it just mixing or is there more, will it still be a "Decentralised Trustless Privacy Platform / Encrypted XChat" or are these niches now taken by Blocknet and XC Inc. The Blocknet isn't a "decentralised trustless privacy platform". It's a way of getting nodes to communicate. XChat is an XC feature. It will always be. As for the relation between XCurrency and XC Inc: - XC Inc develops tech for XCurrency. It's committed to XCurrency. - It is the legal entity that enables XCurrency to interface with the business world. As such it gains vitally important connections for XCurrency. - If XC Inc sells XChat, then: a) it'll still run on the XCurrency network b) XC users will still use it c) XChat will benefit from some enormous corporation's marketing d) XC Inc shareholders will earn big time from the sale. So nothing is being taken away from XC. Nothing at all. Not one feature. All that's happening is that the Blocknet gives XC a massively increased userbase. That's it. I think what Sabretooth is questioning is what incentive will investors & traders have to buy XCurrency in light of BlockNET? XC's unique & leading privacy tech is currently the primary element that gives XC value / marketcap, because it is a tech that only XC holders have access to. However, BlockNET will allow all other participants of it to gain access to XC's features, without purchasing XC. It seems like XCurrency's biggest value-adding element, its tech, may lose or dilute (at least in part) some of it's ability to add value to XC. Sabertooth, is this what you are questioning? Could it be the case that what is lost by compromise, is gained by collaboration? Other coins will be able to use these XC features through the Blocknet - by paying XC nodes for the service. Now how might this affect XC's value? - You've never had to buy XC coins to use XChat. It works without owning coins. So nothing has changed here. - Blocknet users will all use XChat. This makes XC a "household name" on the Blocknet and establishes its central value. - This is same way in which XChat relates to XC's price today. So nothing fundamental will change. XC will just get better known and more widely used. Secondly, the success of private payments on the Blocknet will simply mean more people buy 1000XC to set up Xmixers. This will drive up XC's price a whole lot. And finally, XC holders will get paid for their nodes' services - and the money for this comes from other coins being sold for XC, again putting up the price. So there's no way in which the Blocknet dilutes XC's value or puts the price down. It can only put it up. In reality what we're creating is an entire economy around XC. And that's exactly what XC needs the most. |
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Did you miss my post above about "ownership" of XChat? XC holders will get shares in XC Inc and will therefore effectively "own" (i.e. get paid for) XChat twice in the event that XC Inc sells the tech to a third party. That's big (potentially).. Is there scope for XChat to bypass the internet in the way that firechat does? http://opengarden.com/firechatYeah there was talk about that. Physical meshnets upon which XC's existing virtual meshnets run. It's doable. Let's see where this idea takes XC. ;-) |
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Yeah I guess I understood this, but its not much of a service. At the moment we are the best at this, but soon it will be open source, and it wont take long for other coins to adopt this feature internally. So in the end we will own nothing. I thought that we would at least own the items on the roadmap like Xchat, but this is now looking doubtful and the ability to distribute content which now seems more plausibly done by Xblock. I think xBlock is becoming what we all had hoped XC would become.
I don't think it was fair to make xBlock an owned entity, it should have been a open not-for-profit entity. There will always be a tug-a-war between xblocks needs for profit and the coins. I cannot see it working. It will just implode. Sorry I feel this way. I would love to be proved otherwise.
Let's just keep things simple: - XC and the Blocknet are entirely distinct, and none of XC's features are porting over to the Blocknet. - Why not? - because that's like saying Google's features are going to port over to the internet. Huh? No. Doesn't make sense. Did you miss my post above about "ownership" of XChat? XC holders will get shares in XC Inc and will therefore effectively "own" (i.e. get paid for) XChat twice in the event that XC Inc sells the tech to a third party. What's xBlock? Did you read the PR? Nothing in there is called that. :-) I know they will be distinct but I am confused on what services will be offered by XC, or more importantly its niche. Is it just mixing or is there more, will it still be a "Decentralised Trustless Privacy Platform / Encrypted XChat" or are these niches now taken by Blocknet and XC Inc. The Blocknet isn't a "decentralised trustless privacy platform". It's a way of getting nodes to communicate. XChat is an XC feature. It will always be. As for the relation between XCurrency and XC Inc: - XC Inc develops tech for XCurrency. It's committed to XCurrency. - It is the legal entity that enables XCurrency to interface with the business world. As such it gains vitally important connections for XCurrency. - If XC Inc sells XChat, then: a) it'll still run on the XCurrency network b) XC users will still use it c) XChat will benefit from some enormous corporation's marketing d) XC Inc shareholders will earn big time from the sale. So nothing is being taken away from XC. Nothing at all. Not one feature. All that's happening is that the Blocknet gives XC a massively increased userbase. That's it. |
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Yeah I guess I understood this, but its not much of a service. At the moment we are the best at this, but soon it will be open source, and it wont take long for other coins to adopt this feature internally. So in the end we will own nothing. I thought that we would at least own the items on the roadmap like Xchat, but this is now looking doubtful and the ability to distribute content which now seems more plausibly done by Xblock. I think xBlock is becoming what we all had hoped XC would become.
I don't think it was fair to make xBlock an owned entity, it should have been a open not-for-profit entity. There will always be a tug-a-war between xblocks needs for profit and the coins. I cannot see it working. It will just implode. Sorry I feel this way. I would love to be proved otherwise.
Let's just keep things simple: - XC and the Blocknet are entirely distinct, and none of XC's features are porting over to the Blocknet. - Why not? - because that's like saying Google's features are going to port over to the internet. Huh? No. Doesn't make sense. Did you miss my post above about "ownership" of XChat? XC holders will get shares in XC Inc and will therefore effectively "own" (i.e. get paid for) XChat twice in the event that XC Inc sells the tech to a third party. What's xBlock? Did you read the PR? Nothing in there is called that. :-) |
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you guys really don't get it right, you still have this idea of we are one big coin team now and start complaining about other coins names already. this is not a one coin for each task crypto avengers team. right now it looks like that but the goal must be to bring the Xbridge in every legit coin on the market. no matter if similar coins are already on blocknet. thats freedom of choice. free market and competition . Each coin on Blocknet still stands for their own so i personally have no business complaining about other coins names just cause they also have the Xbridge build in. that doesn'T affect XC.
the Xbridge is just a gateway to all coins part of the blocknet. this is pure gold and starts to show full effect once a huge and established coin like doge or ltc hosts the Xbridge.
Spot on Hoertest. Anyone wondering about the Blocknet should just look up your post history. thanks.  . this stuff is just super exciting especially if you hold a coin that generates revenue on its features like XC and is leader in its field. that brings me to the point i mentioned earlier. i hope to see a more xc related stream of news in the next days just to cool of the nervous bunch. Indeed! I'm super excited about this. It's a massive idea. And yes, I think some XC-related news will be beneficial for those who continue to worry (despite my efforts) that XC is somehow not focusing on its own tech. To that end, I'll just quote this: Its what you don't see, currently we are working on wrapping up the mobile application, which features a completely redesigned UI, which takes time, along side this effort we are working on the final editions of Group XChat, and we just wrapped up decentralized mixing
For the Last 4 weeks, the combined man-hours put into development across all of this is WELL over 600 Man hours just in development effort alone ** edit ** this also includes a non-disclosed application **
Dan
And this: |
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My concern for the upcoming BlockNET ITO on October 29th is that there is no real clarity on how those who purchase into the ITO will benefit / profit. Unless this is clearly defined at length, I can tell you right now that hardly anyone will be buying into the ITO.
I hope providing clarity on incentives and exactly how buyers of the ITO will profit is a high priority right now.
It definitely is. We're working on a large number of details and will be publishing them widely very soon. |
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you guys really don't get it right, you still have this idea of we are one big coin team now and start complaining about other coins names already. this is not a one coin for each task crypto avengers team. right now it looks like that but the goal must be to bring the Xbridge in every legit coin on the market. no matter if similar coins are already on blocknet. thats freedom of choice. free market and competition . Each coin on Blocknet still stands for their own so i personally have no business complaining about other coins names just cause they also have the Xbridge build in. that doesn'T affect XC.
the Xbridge is just a gateway to all coins part of the blocknet. this is pure gold and starts to show full effect once a huge and established coin like doge or ltc hosts the Xbridge.
Spot on Hoertest. Anyone wondering about the Blocknet should just look up your post history. |
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Some of these coin names are ridiculous and seriously need to be changes. Dr. Who, Sonic Screwdriver, really? Ha ha. I like SSD. It's whimsical. This is the internet of blockchains. Like the traditional internet, there's all kinds of stuff on it. :-) |
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one week ago i said that price will be at same level like june (130k) and stop talking about it that we will be huge very soon.. we wont be. one more thing, TEKA said that FINAL REV3 will be realeased in AUTUMN, and ITO will be before it. And now devs are saying that ITO will be in Q1 2015 if i good understand. so where is the logic and how can anyone say that devs are delivering everyone before delays?  ? You've been complaining about "delays" repeatedly despite our having addressed this several times. XC has made *no* official commitment to an Autumn release. Where did you get that from? You come across like you're trying to dig up dirt on XC. We're not behind schedule at all. Look at the timeline. |
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On the one hand I get excited hearing about the teams lofty ambitions, on the other hand all I want is a functional XCurrency wallet for my Mac. It seems to me the team is putting the cart before the horse. Why not get XCurrency functioning and adopted before focusing on ITO's, the Blocknet, ad hoc mesh networks, etc...? It feels like the focus on XCurrency is dwindling and the team is centered on creating a private corporation so they can sell of their tech. As I understand it, XChat is part of XCurrency, that's why I bought more XC. Now I hear the possibilty of selling that technology in the future!?!? It has also been said that XC Inc's purpose is to create tech that will work on the XCurrency platform, but now we have Blocknet and XBridge and so many other buzzwords and concepts that it's difficult to keep track of them all. Dan says XCurrency is his baby, Steve Jobs said Lisa was his- we all know how that turned out. And Arlyn, you say we just increased our user base 10 fold, if we had the price would be reflecting that right now...it doesn't. Just need to vent a little...maybe you all know exactly what you're doing. Unfortunately several of your investors don't and are confused about the future of XC. I hope to see several XCurrency releases in the near future including mobile, Mac, and linux wallets. Did you read my response to your post earlier? The Blocknet does not dilute XC's resources. It grows them massively. So we can launch the Blocknet and carry on developing XC too. In fact, it's best to do things in this order, because the Blocknet is completely awesome for securing a userbase for XC's tech. Also read Hoertest's posts. He really gets it. |
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Dan, can you confirm that Xchat is a part of Xcurrency and any benefits from Xchat will go to Xcurrency owners and not Blocknet or XCinc owners?
That is correct to a point, as one of the potential functions of XC Inc would be to have a legitimate corp structure in replace to reward xc holders if XChat was sold off... So XC Inc holders would benefit directly from that sale, this is why XC Holders are entitled to a share of XC Inc itself Will current Xcurrency owners have their equity in XChat be diluted at all by the creation of XCinc? While I think there is some risk in minor dilution, but that is the cost of doing business and also bringing XChat [and potentially other s/w] to market I was under the impression that XCurrency owners also own 100% of XChat currently. Is that true? What percentage will they own after the creation of XC inc? Not counting any additional XC inc shares they may buy separately from what they receive automatically as XCurrency owners. You're right that XChat owners own 100% of XChat, insofar as "own" means that its value is reflected in XC's price. After the creation of XC Inc, XC owners will own both XC coins and XC Inc shares, effectively getting a 2-for-the-price-of-one deal. Now let's consider what would happen if XC Inc sold XChat to a third party: - XCurrency nodes would still have XChat. - XC Inc shareholders would get paid their share of the sale of XChat. - The third party that buys XChat would use the XCurrency network to runs XChat, driving up adoption. So perhaps the percentage of XChat XC holders will "own" here will remain 100%, since they'd still have use of it and the value of XCurrency will still reflect XChat's value because it runs on the XC network. |
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I think its pretty funny if you look at this whole project of XC from day 1 till right now from an outsiders perspective when compared to most alt coins out there. It's almost what I would expect to happen in this world IF a uber competent dev actually joined and wanted to make a massive change and is capable of doing it and isn't a copypasta cloner, or PR team pumping and dumping their bought cloned coin.
If you joined crypto recently and researched a lot of coins and what they offer to what they delivered, divided by what they promised, XC has taken just about every good thing in crypto and advanced them and then some in the shorter amount of time.
It's like Dan has taken the best ideas from alts after seeing how much they are lagging for their investors in regards to development/tech/drive/direction and has then been improving/finishing it and adding it to his network. Thats a pretty ballsy move right there on its own to take on. So far its all good
My only concern right now as I haven't researched it much lately and its easier to just ask sometimes, is I hold XC, when the XC Inc ito is offered - do my current xc coins vanish when they convert to XC Inc coins ? or buy in then I hold 2 coins ?
Then I can hold blocknet coins - so in total 3 coins will be in place ?
Hey hey. No you keep your XC coins and get XC Inc shares for free in the process :-) Info: http://downloads.xc-official.com/images/14-09-23%20XCurrency%20begins%20launch%20preparations%20with%20%93bulletproofing%94%20measures%20and%20an%20ICO.pdf |
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- In order for a coin to become part of the Blocknet, its developers will need to code the XBridge into it and release an updated wallet. So not just anyone can add a coin to the Blocknet.
Why it needs to be the developers of xyz coin that can only do this? If the source is open, anyone can mod a wallet and release it. You could add bitcoin to blocknet, right? Yes, you're completely right about that. You'd just need to persuade people to download your alternative wallet. That might be tricky though. :-) |
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@synechist: any thoughts about this? Looking at Blocknet, it seems to me that 1 spot is still open...... 1 coin left which is working in silence? Maybe too much conspiracy, but I see lots of "XC" mentioned in several codes XCurrency XChat etc When I look at XCash, I see even more "XC" XCash XChange XCoinfactory Researching XCash github, it seems that JohnyXCash is describing a sort of central place (blocknet?) where devs bring in their work..... https://github.com/JohnnyXCash/XCash/commit/e59581d133360a2850f0287d53706c444d3f2d1fMaybe whishfull thinking, but it seems to me that there is a bigger "thing" here That open place on the diagram is supposed to indicate that many other coins could join in future. After all, this is the internet of blockchains. :-) |
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Hello XC community and XC members. Sorry for being away from the forum for a couple of days I do not have internet at the moment in my new flat and had a problem with an injury to my foot as well. Now im tethering from my OPO thanks to jibble  Anyway Compliments for the development and for the HUGE announcement made. can someone clarify to me the difference between the XMixer and the Xbridge? Xbridge is gonna collect fees for the services provided by the Xmixers? will this new internet be build on top of Xmixers that will be used by Xbridges still? as this was one of the main reason I liked and invested in XC. Hey Cryptico. Sorry to hear about your foot. The XBridge is a protocol, based on the Xnode protocol. If a coin joins the Blocknet, it will need to add the XBridge application platform to its code and release an updated wallet. After that, the coin's nodes will be able to communicate in true P2P fashion with nodes on any other blockchain. How this benefits XC is: - we gain a massive userbase (i.e. all the communities of all the other coins) - our tech is industry-leading and so we should see top usage scores for XC - Xmixers get a massive increase in traffic and so Xmixer owners get more revenue - Other XC services (XChat, distributed content server, meshnet, etc...) will be in similarly high demand and so XC nodes will gain diverse sources of revenue. |
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That is not true. SDC is not officially "in" until publicly stated otherwise by their dev team and community which is not the case right now i'm afraid
# Did you just create that rule? It's not your call. SDC are in. In fact, we've been in communication with them the most. We were chatting on Skype with Rynomster and others during the announcement. Now drop this, for heaven's sake! |
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This tech already exists in another currency which have this as their primary focus. I like the idea. But now you will fundraise this tech "again"? Great plans are good, but its taking away the focus on XC which is a excellent currency. And now i am starting to get worried, and the reason for this is that i have seen these great plans before in other context where talented people have lost their focus because they want to much. In 90% the plans are spinning out of control. In this case i am concerned that XC will loose ground.
More and more people are noticing this, and the answer that they get "trust us, its best for XC" like some sort of elitistic elite. BUT, if you do not have the peoples support in this you will loose. This is not some experiment, people invest real money into this.. im supporting wtih 1900XC, not much. But when 100 people with the same amount starting to get as confused as i am regarding Dan`s involvement in other currencys and this great plans, poeple will cash out.
I just responded to you. No need to repost. Here is my response again: That's like saying that the internet takes away focus from Google. It doesn't. It enables Google to thrive. Focus has *not* been lost. A huge userbase for XC has been gained. You should all setup Xmixers right now. :-) |
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Just bumping this valuable post: ...coins, each with their own specialization, collaborating for R&D and creating what sounds like a new way of distributing content and supporting interaction - all of which is not going to be beholden to standard data mining techniques. It's an infrastructure that is being built.
The coins on the list have unique features that can not only benefit XC but other coins...and ultimately the end user. Util is working on programing how to filter malicious content to avoid risk to people who use their VPN (and now Blocknet). SSD came up with stenographic transactions - coin movement embedded in pictures taken from pictures that you take from your smart phone. XST has some pretty awesome SMS capabilities. Fibre beat keylogging programs by creating an android like swiping pattern password for their wallet and have also released their own OS. LXC decided to work on sidechains (sidechains!). And my mentions aren't the sole focus of any coin I referenced or the full spectrum of what the combined dev force of all the coins included are capable of. But these are all features that people want to use...and while I speak for myself, I think that they can come up with features that I and others will want to use.
Enabling the devs of each coin to work on what they do best to create something that will work together and bring an ultimately friendly and secure user experience is awesome. I don't see a joke here. I see the beginning of another development process that will create the foundation for more innovation...and everyone working together only gets us there faster.
Looking forward to more news...
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