Dear XC community,
As you may know, I was here from the very beginning. I always held a firm belief in XC as a project and platform.
I have held throughout the highs and lows because of my conviction that XC will succeed.
In the past I have been critical of XC branching out in these early development stages. I've grinded my teeth at the mooncries of marginal cryptocurrencies who basked in the reflected glory of XC and it's development at the very second it was clear there was a collaboration. I have stressed the importance to solidify XC's base before building ambitious projects on top of it.
Now with the announcement of Blocknet I throw in the towel. Although the underlying tech is amazing and it illustrates the development of XC is top notch, I think XC keeps diluting itself by taking on side or advanced projects before it's core tech and market dominance has fully matured. To me it seems there is lack of focus as it diverts precious development resources away from XC's core business.
I am sorry but I can no longer unify XC's direction with my personal beliefs. I might regret this decision, and it has been a very tough one to make, but for now I am out.
All the best
Springfield
Bye and good luck in whatever you will want to invest in. Have to save this post cause this is like one of those post from people that sold Bitcoin at $1.00. We'll be sorry to see you go. I'm also sorry that you're considering leaving for reasons that, in my opinion, are misguided. This is why: - you worry that XC is " taking on side projects before its core tech and market dominance has fully matured" - but that's like worrying that Google is diluting itself by creating the internet. - No, Google can only achieve market dominance *with* the internet. - In the same way, XC will thrive best by acquiring a broad userbase - through the Blocknet. We've just given XC a massive increase in users, more revenue sources for Xnode owners, and funds and dev talent by the bucketload. Really, this is nothing but awesome for XC. |
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Can someone, part of the team or in the know, please tell me why sdc is on this pic, shadow is not part of that project so it stands to be misleading as of right now. Can someone fill me in please. Thanks. https://twitter.com/XCurrency/status/522508661529530368/photo/1Good luck with it all the same i just don't understand the tactic. I'm sure someone can explain the logic to me though. Thanks. SDC is going to be/is one of the contributing coins to Blocknet. Good news IMO  No i don't believe it is just yet, thats my point. Why is it being pitched as though it is? Just because its on a pic does not mean it is. I'm just wondering what the logic here is from dan/project team to put it there. Is it some jest to coheres Shadow to the project or an oversight maybe? So i'm looking forward to someone in the know to engage in my attempt to strike a dialogue here, about it. Thanks again. Disclaimer: This is my personal view which is likely to change after time. To me this seems like pressure on dan to formulate some sort of money grab. And however normal that is i fear it can also be somewhat detrimental to a cause for tech advancement. To me it seems like another way to get a hold of other peoples tech! Are we really at the point where we need to unite in such a way? I guess one can put forward a good argument towards "maybe it is". To me, initially, this seems bias towards money and tech grabbing more then serving any future for us. (The industry and what the tech will serve in the future.) This seems like, and i will reiterate initially, these are my own thoughts that this looks like it will only serve a few pockets and not really serve the industry as much. Please if you are not capable of a mature discussion please don't replay to my opinions because i mean no harm id just like to have a chat about it. Thanks. Why would you not want SDC to be a part of it? Most coins would give their left eye to be included. I've Read in SDC's thread everyone happy to be a apart of it. Yet hear you are coming to this thread and damn near accusing Dan M of adding SDC as some sort of ploy? Whats your beef man? Time to move on from the trolling bullshit you've been doing to some of the other member coins (mianly XST). SDC's dev and Dan have agreed or it wouldn't be included in this. Gonna have to find some other coins to troll. Because i don't see it as necessary i believe the tech sdc holds is enough to hold its own weight in any future we have. To me this whole thing just wreaks and until i figure out more thats my opinion..Most of those projects on that rider don't really bring much at all to the table. Dan lately seems to be pressured into giving his name to prop up market values even within questionable projects such as the one i debunked recently. To me this seems like a bit of a plight to fill a few coffers that have been accumulating (unsubstantiated of course and just an opinion). I'm here for the tech, the money is secondary to the tech and what it represents to our futures. So i guess i see things a bit differently when it comes to looking at it a different way. Good luck to them but i don't see it as helping good tech become better, primarily. I see it more as a money grab and a way for the more questionable projects to leverage and piggy back on the resource and integrity of the better ones. Which concerns me because anything really relying on that brings much more risk of it fading when the money or room for profit is gone.. For me sdc could do with distancing itself from this and i believe i would change my mind if the entire community vote for it. But we have not even talked about it publicly so i just see it as a way to cohere sdc into the project full of bobsurplus/prom pump coins. we'll find out very soon. Thanks Why would they need anyone's permission to add SDC or any coin they wish to their blocknet? I hope this post terminates this discussion. - SDC are officially in. For heaven's sake. - 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. - We're creating the internet of blockchains. There is no incentive for any coin to distance itself. By joining a coin gains a huge userbase for its services *and* the services of other coins. Win-win, massively. |
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its taking away the focus on XC which is a excellent currency. 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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I am not sure what to think of this update, on the one hand it is great, on the other, XC first needs to focus on itself, because the wallets for Linux and Mac's still aren't done.
This would have been better if it was done when XC publicly launched.
I don't think this indicates lack of focus at all - in fact it shows incredible focus. There is no point building the perfect ecosystem if no-one wants to use it - this looks more like developing on various fronts but in preparation for the launch. I don't think it will slow us down at all and if rev3 were ready today and this were in the pipeline I would have waited for this to come out BEFORE the launch. I see it as a unique funding attempt to funnel into another. uniting is a good thing but is this really necessary if you remove the market variable? i think the market is still in place here. the magic word is fees. whatever coin you anticipate to get the most "cross usage" from the blocknet because of its distinct architecture you will want to hold in order to earn fees for offering that service. EG i think the xnode and xmixer protocol is the best anon solution and will get alot of usage in the blocknet even from coin holders that have some other kind of anon option in their node ( probably for important transactions, whatever). well thats just my few so i don't won't to start the anon debate here. Of corse i wanna hold XC and host as many mixers as possible. Blocknet in this regard is not one big all in one coin from an investment point of few, there is and will be still good and bad options within the ever growing network. SDC is a great one btw. So what the Blocknet does is increasing your userbase and by so your chance of earning fees while still keepig a market in place . for this regard i hope to see the list of participating coins grow quick and wide. there need to be competition on the blocknet. Then it has the chance to become a new internet and thats the vision as i understand it. Again every coin that generates some kind of revenue for his holders will benefit hugely from this network. the more it grows the better. Hoertest, you really get the concept. I hope everyone reads your post. |
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As a longterm investor, I'm a bit puzzled by the lack of focus on XCurrency. We haven't even officially launched this coin and we're talking about new tech, new corporation, etc.
Don't get me wrong I think the blocknet is a fantastic idea but it will involve huge development effort on Dan and his team.
Can we get one thing 'Dan's baby' delivered before we announce more things? I don't think I'm the only one with these concerns.
Do we have any estimate dates on the official launch of XC?
Bumping for answer. I can't see how Dan can take on another huge project like the Blocknet. Its been mentioned many times that you guys are up all hours working on XC. Add to that several code reviews and other collaborations. The Blocknet is founded on Xbridge which is based on XC's technology - I can only assume then that Dan will be the main developer on this. XC and Blocknet development sound like two seperate full-time jobs to me. The "final" Rev 2 was released a month ago and we're still getting updates to fix bugs. Linux and mac wallets are STILL not available after being promised several times that they would to be out by now. The XC Inc. ITO is also now pushed out to 2015 [no, a date was never given]. Tor sticks should've been shipped by now. [No, a date was never given.] Dan also mentioned a couple weeks ago that a mobile wallet will be [potentially] released in 2 weeks - that would mean it would be released this weekend, is that still the case? The list above are not complaints and I'm okay with slight delays here and there (I work on projects all the time) but we have all these delays and now Dan's going to further dilute his attention away from XC?? This will surely slow down XC's development even further. Can we at least get a rough dates for upcoming XC milestones? Morning all You guys should read the thread before repeating questions that have already been answered. The Blocknet will *not* dilute XC's resources, it will be the biggest powerhouse of resources that crypto has ever seen. It will significantly grow XC's resources. |
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Synechist........where can we view the list of participating coins as they are added? Wanna stock up on a few of those!
Good question... I think we'll be creating a Blocknet thread. That'll be the place. Ok cool, will try to keep an eye for that. List of current participants are in the white paper though correct? Yup. :-) And on that note, I'm going to take a nap. It's 2am here. |
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Will people with XC coins be able to get free blocknet coins?
No, you get 10% off Blocknet shares if you buy with XC. Ok, then another questions: If I buy XC Shares in XC Inc, then why do I need to buy Blocknet shares ? Will it be the same thing or a completely different entity? What will be the benefits of owning both XC INC and Blocknet shares? What's the difference of holding XC compared to holding XC INK stocks or whatever they are?
There will be three assets, XC, XC Inc, and Blocknet shares. Holding all of them is advisable :-). XC Inc's value derives from its ability to deliver leading tech. XCurrency's value derives from its privacy, flexibility and real-world applicability. The Blocknet's value is in its being the internet of blockchains. |
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Synechist........where can we view the list of participating coins as they are added? Wanna stock up on a few of those!
Good question... I think we'll be creating a Blocknet thread. That'll be the place. |
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Will people with XC coins be able to get free blocknet coins?
No, you get 10% off Blocknet shares if you buy with XC. |
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Hello Bitswift community
I'm XCurrency's PR and media liaison.
Just to say I'm super excited to be working with you to build the internet of blockchains!
See you all soon
Arlyn
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From pdf: "The Blocknet is founded upon the XBridge, a true P2P protocol extension based on the Xnode protocol (the secure way in which XCurrency’s nodes communicate)."
What will serve as the 'Xnodes' for the Blocknet?
The XBridge protocol is what will handle communication between nodes on the Blocknet. So it's the "Xnode" for the Blocknet - except it's a protocol, not a node. |
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Can i buy blocknet shares only while holding a coin, or is holding the coin just for the 10% off? so that i can pay in BTC without holding any coin involved?
You can buy shares with BTC, but you save 10% if you buy with a participating coin. |
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Hopefully last silly question:-)
Do I need to uninstall the regular wallet or can this run on a machine along with the regular wallet?
I don't think there are two types of wallets. The latest versions now includes the xmixer tech. It should replace the current wallet you have installed. 1. Always backup your wallet.dat file to another folder before updating. The file can be found in username\AppData\Roaming\XCurrency. 2. Run the installer.exe. 3. To get xmixer tech running you need to append the Target line in the Shortcut tab. This can be found by right clicking on the shortcut to the program that was created by the installer on the desktop or start menu. It should include the expression -distmix-autonode . [snip] 4. Run the wallet from the shortcut you just changed. You should now see in the wallet's title bar the addition of the word [autonode] which indicates the xmixer is running. Hey bud, just wanted to thank you again for posting this yesterday for me! Got the mixer up and running on the latest wallet, moved all my coins to a brand new wallet in batches of 250 so all should be good:-) Much appreciated....you as well synechist! Great! Very glad you got it all sorted. Let us know if you have any other questions. |
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Hello XC Community!
We look forward to working with you to build the next generation BlockNet (Web3.0), we are truly excited!
United for Crypto!
-BitSwift Community Manager
PS. A huge THANK YOU to DAN!!
Welcome! Super exciting to be doing this with you guys. Let's build the internet of blockchains! |
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What's the difference of holding XC compared to holding XC INK stocks or whatever they are?
There will be three assets, XC, XC Inc, and Blocknet shares. Holding all of them is advisable :-). XC Inc's value derives from its ability to deliver leading tech. XCurrency's value derives from its privacy, flexibility and real-world applicability. The Blocknet's value is in its being the internet of blockchains. |
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haha... I think this is going to be a common problem! Whats the cheapest way now (in the UK) to get more fiat in? Circle - Bitcoin - Bittrex - XC? Coinerz, I think. |
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is the price per share for the blocknet ito allready set?
No. We'll announce that (and all the official rules) pretty soon. |
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Is there some big PR to come with this news?
Is there an ETA on implementation?
All the crypto news sites will be contacted at 3am EST. The news will be widely spread by all the other coins too. Implementation should commence once funds are collected (via the ITO), a budget created, and funds allocated to various milestones. |
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Revolution is coming!
This synergy will accelerate technology development rate , media exposure and adoption.
I couldn't agree more. |
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3. I'm also wondering how much does Blocknet's success depend on the success of XCurrency the coin? I ask because I'm worried that if XCurrency isn't doing so well in the medium term future, for whatever reason, could Dan and co 'jump ship' so to speak and focus solely on Blocknet services? I mean that could be very profitable in its own right.
I think Arlyn answered #1 and #2, but I need everybody to understand something, XCurrency is my baby, always has and always will be - that will never change. Dan Good questions! Thanks. Just a few musings of mine:
1. Won't XC's resources be hugely stretched with Blocknets (cool name btw!) development on top of an already demanding XC roadmap? I mean we're still a long way off Rev 3 and can only see it being delayed further with this new project, Dan is only human after all! - No it'll be the opposite: the huge development muscle of all the participating coins will become available (and funded) for Blocknet development. 2. I can see a lot of XC holders, myself included, hedging their bets by trading XC for shares of Blocknet. This will surely see the price of XC drop quite a bit as the XC supplied to Blocknet Inc. will be sold on the exchanges to help fund their development. - XC will not be dumped onto the market. It'll be used to pay for development. Also, XC's price will rise because shares are 10% cheaper when you buy them with XC. 3. I'm also wondering how much does Blocknet's success depend on the success of XCurrency the coin? I ask because I'm worried that if XCurrency isn't doing so well in the medium term future, for whatever reason, could Dan and co 'jump ship' so to speak and focus solely on Blocknet services? I mean that could be very profitable in its own right.
- The Blocknet is like the internet: any web company can rise or fall and it'll still be there. - XC is the powerhouse behind the majority of the Blocknet's tech. - XC Inc will launch and its purpose will be solely to develop XC-based tech. So XC will only get more powerful. Thanks for the feedback. XC is the only coin I'm invested in and been following since early June. Really excited to be apart of this technological revolution. My biggest problem now is to find more funds to invest in Blocknet Inc. shares. I have a tidy sum of XC but don't want it to get any smaller!  Keep up the good work btw! Thank you! (My advice for getting capital for the Blocknet ITO: find the smallest, newest participant in the Blocknet and buy some coins now.) |
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