One concern I have is that creating xc inc. will deter people from using xcurrency, and once xc is a corporation, competing companies may not want to accept xcurrency. This is exciting news and I am intrigued, however there seems to be a catch 22 here. The explosion of btc and crypto can be attributed to their decentralized nature, how does xcurrency plan on remaining decentralized, especially when a majority of the xcurrency is also owned by soon to be company shareholders? Any thoughts?
Good point. However XC's code will be open source. Everyone in their right mind will jump at the chance to integrate the leading private open source currency. As for the idea that the majority of XCurrency will be owned by XC Inc. shareholders: - People will have months to become shareholders, and the opportunity will be well-advertised. - People will be free to use XC as a temporary means of obtaining XC Inc. shares, and sell afterwards. After the ICO they'll trade independently of each other. - Since there's no organic connection between the two, and no internal control over their relative values, I don't see this as a problem. Have I missed something? |
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One concern I have is that creating xc inc. will deter people from using xcurrency, and once xc is a corporation, competing companies may not want to accept xcurrency. This is exciting news and I am intrigued, however there seems to be a catch 22 here. The explosion of btc and crypto can be attributed to their decentralized nature, how does xcurrency plan on remaining decentralized, especially when a majority of the xcurrency is also owned by soon to be company shareholders? Any thoughts?
Good point. However XC's code will be open source. Everyone in their right mind will jump at the chance to integrate the leading private open source currency. |
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I WAS RIGHT!
I own XC, SO I OWN SHARES? Without having to SELL XC?
Yeah, "jizzed"is not a word a top++ holder of a great future company might be allowed to use, but I just totally did it.
No You own the right to Buy XC shares if you OWN XCs 10 XC will give you the right to buy 1 share of the company....still fuking HUUUUUUUUUUUUUGE this will drive XC price to the star as well as people that wants to buy shares they will need to buy XC First. Fuking Yeeeeeeeeeeeeeeeesssssssssssssss Are you sure? Owners of other coins can buy shares The best thing about this is that people are unlikely to want to buy shares with other currencies. If they own XC, they XC plus a share. Therefore: buy XC! Thank you so much for this. Let me rephrase: If I have 10XC, I will prove my wallet(s) contains 10XC, and I will be automatically given 1 share, without need to spend anything? Yup. But what if i hold my coins in an exchange? how do i prove that i own them? i think there will be a fixed date that will be taken and every wallet that holds more then 10XCs own shares equal to its account value, but when will the date be chosen? My guess is that, to prove ownership, you'd need to sign using a private key. So send your coins to a wallet before buying shares. This will most probably happen in real-time during the ICO. There'll be no need to do things in advance. I think we need to have a lock time or else some people might exploit it by claiming shares, then moving coins back to exchange and moving it back to another wallet. If you need your coins on the exchange by lock time... then sorry. no shares. Yes, good suggestion. Coins used to claim shares could, perhaps, be locked for the duration of the ICO. Can you imagine the time before the lock time?? There will be like ZERO XC on exchange. Imagine the price skyrocketing.... Ha ha. Interesting. ;-) |
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I WAS RIGHT!
I own XC, SO I OWN SHARES? Without having to SELL XC?
Yeah, "jizzed"is not a word a top++ holder of a great future company might be allowed to use, but I just totally did it.
No You own the right to Buy XC shares if you OWN XCs 10 XC will give you the right to buy 1 share of the company....still fuking HUUUUUUUUUUUUUGE this will drive XC price to the star as well as people that wants to buy shares they will need to buy XC First. Fuking Yeeeeeeeeeeeeeeeesssssssssssssss Are you sure? Owners of other coins can buy shares The best thing about this is that people are unlikely to want to buy shares with other currencies. If they own XC, they XC plus a share. Therefore: buy XC! Thank you so much for this. Let me rephrase: If I have 10XC, I will prove my wallet(s) contains 10XC, and I will be automatically given 1 share, without need to spend anything? Yup. But what if i hold my coins in an exchange? how do i prove that i own them? i think there will be a fixed date that will be taken and every wallet that holds more then 10XCs own shares equal to its account value, but when will the date be chosen? My guess is that, to prove ownership, you'd need to sign using a private key. So send your coins to a wallet before buying shares. This will most probably happen in real-time during the ICO. There'll be no need to do things in advance. but for every 10XCs i will get one share. so i don't have to buy anything i would just have to proof ownership. the question was more like, when will the XC team take the snapshot of the blockchain? will the date be publicly announced in advance? I'm not sure we'll need to take a snapshot of the blockchain. We could just lock the contents of any given address used to sign for a share. Multisig? Personally I'd prefer a real-time experience. |
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I WAS RIGHT!
I own XC, SO I OWN SHARES? Without having to SELL XC?
Yeah, "jizzed"is not a word a top++ holder of a great future company might be allowed to use, but I just totally did it.
No You own the right to Buy XC shares if you OWN XCs 10 XC will give you the right to buy 1 share of the company....still fuking HUUUUUUUUUUUUUGE this will drive XC price to the star as well as people that wants to buy shares they will need to buy XC First. Fuking Yeeeeeeeeeeeeeeeesssssssssssssss Are you sure? Owners of other coins can buy shares The best thing about this is that people are unlikely to want to buy shares with other currencies. If they own XC, they XC plus a share. Therefore: buy XC! Thank you so much for this. Let me rephrase: If I have 10XC, I will prove my wallet(s) contains 10XC, and I will be automatically given 1 share, without need to spend anything? Yup. But what if i hold my coins in an exchange? how do i prove that i own them? i think there will be a fixed date that will be taken and every wallet that holds more then 10XCs own shares equal to its account value, but when will the date be chosen? My guess is that, to prove ownership, you'd need to sign using a private key. So send your coins to a wallet before buying shares. This will most probably happen in real-time during the ICO. There'll be no need to do things in advance. I think we need to have a lock time or else some people might exploit it by claiming shares, then moving coins back to exchange and moving it back to another wallet. If you need your coins on the exchange by lock time... then sorry. no shares. Yes, good suggestion. Coins used to claim shares could, perhaps, be locked for the duration of the ICO. |
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I WAS RIGHT!
I own XC, SO I OWN SHARES? Without having to SELL XC?
Yeah, "jizzed"is not a word a top++ holder of a great future company might be allowed to use, but I just totally did it.
No You own the right to Buy XC shares if you OWN XCs 10 XC will give you the right to buy 1 share of the company....still fuking HUUUUUUUUUUUUUGE this will drive XC price to the star as well as people that wants to buy shares they will need to buy XC First. Fuking Yeeeeeeeeeeeeeeeesssssssssssssss Are you sure? Owners of other coins can buy shares The best thing about this is that people are unlikely to want to buy shares with other currencies. If they own XC, they XC plus a share. Therefore: buy XC! Thank you so much for this. Let me rephrase: If I have 10XC, I will prove my wallet(s) contains 10XC, and I will be automatically given 1 share, without need to spend anything? Yup. But what if i hold my coins in an exchange? how do i prove that i own them? i think there will be a fixed date that will be taken and every wallet that holds more then 10XCs own shares equal to its account value, but when will the date be chosen? My guess is that, to prove ownership, you'd need to sign using a private key. So send your coins to a wallet before buying shares. This will most probably happen in real-time during the ICO. There'll be no need to do things in advance. |
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We need more info concerning XC relative price to paypal and other intermediate fees as well... I dont wanna give my shares away!
Best thing you can do is just buy something cheap with XC, and then buy more XC with the fiat you would've used. Then tell everyone the fee. |
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HYYYYPEEEEEEEEEEE
So basically the ICO will be OPEN just for people that Own Xcs and will get their corresponding Shares correct??
After that people will be allowed to buy with other currencies as well correct??
This is probably a good idea. We wouldn't want XC holders missing out I suppose. |
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I WAS RIGHT!
I own XC, SO I OWN SHARES? Without having to SELL XC?
Yeah, "jizzed"is not a word a top++ holder of a great future company might be allowed to use, but I just totally did it.
No You own the right to Buy XC shares if you OWN XCs 10 XC will give you the right to buy 1 share of the company....still fuking HUUUUUUUUUUUUUGE this will drive XC price to the star as well as people that wants to buy shares they will need to buy XC First. Fuking Yeeeeeeeeeeeeeeeesssssssssssssss Are you sure? Owners of other coins can buy shares The best thing about this is that people are unlikely to want to buy shares with other currencies. If they own XC, they XC plus a share. Therefore: buy XC! Can you explain to me what an ICO company is? I searched on Google, but I didn't find anything about it. It's not a type of company. "ICO" stands for "initial crowd offering", just as "IPO" stands for "initial public offering". |
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Ok, let me lay my thoughts out in text. XC registers in multiple countries as a Corporation and issues shares and pays dividends. In America the SEC requires full shareholder identity disclosure, the IRS requires a yearly tax return on shares held and any dividends payed.
Please correct me if my logic is flawed.
It probably won't be like this. An ICO is not an IPO. |
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I WAS RIGHT!
I own XC, SO I OWN SHARES? Without having to SELL XC?
Yeah, "jizzed"is not a word a top++ holder of a great future company might be allowed to use, but I just totally did it.
No You own the right to Buy XC shares if you OWN XCs 10 XC will give you the right to buy 1 share of the company....still fuking HUUUUUUUUUUUUUGE this will drive XC price to the star as well as people that wants to buy shares they will need to buy XC First. Fuking Yeeeeeeeeeeeeeeeesssssssssssssss Are you sure? Owners of other coins can buy shares The best thing about this is that people are unlikely to want to buy shares with other currencies. If they own XC, they XC plus a share. Therefore: buy XC! Thank you so much for this. Let me rephrase: If I have 10XC, I will prove my wallet(s) contains 10XC, and I will be automatically given 1 share, without need to spend anything? Yup. |
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I WAS RIGHT!
I own XC, SO I OWN SHARES? Without having to SELL XC?
Yeah, "jizzed"is not a word a top++ holder of a great future company might be allowed to use, but I just totally did it.
No You own the right to Buy XC shares if you OWN XCs 10 XC will give you the right to buy 1 share of the company....still fuking HUUUUUUUUUUUUUGE this will drive XC price to the star as well as people that wants to buy shares they will need to buy XC First. Fuking Yeeeeeeeeeeeeeeeesssssssssssssss Are you sure? Owners of other coins can buy shares The best thing about this is that people are unlikely to want to buy shares with other currencies. If they own XC, they own XC plus a share in XC Inc. Therefore: buy XC! |
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That's not even a hint. Come on...  I did not get it Cool graphic though right? It looks pretty cool although I am not sure what it stands for. Does it stand for something like XLock, like a safe or something? I think it's a symbol for security about which there is public consensus. |
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That's not even a hint. Come on... I did not get it Cool graphic though right? |
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