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2781  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC][OFFICIAL] PoS/Privacy on: July 23, 2014, 11:30:33 AM
The economics of ETH aren't very appealing:

- continual and significant dilution of the money supply = inflation

- no upper limit to how much ETH will be bought in the pre-sale = massive dilution is possible

- ETH being untradeable for the duration of the critical pre-launch development is incredibly risky


Initially I was incredibly excited about Ethereum, and it's still a valuable project, but I see no reason to buy now.





I was really interested too, but after doing some serious thinking about all those points above, I am not so sure.   In fact, I think it's really insane to dump any large amount of btc into it.   At this point in time, there are over 3900 btc that got sucked out of the altcoin scene into ETH.   This is going to be some dark age for alt coins I am afraid.

Heh. I'm not sure. BTC is quite likely to head into another bubble, and if it does, there'll be no shortage of money to go around :-)

Secondly less money means a little less volume on exchanges, but it doesn't mean that XC's price will go up any less high.


2782  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC][OFFICIAL] PoS/Privacy on: July 23, 2014, 11:22:17 AM
The economics of ETH aren't very appealing:

- continual and significant dilution of the money supply = inflation

- no upper limit to how much ETH will be bought in the pre-sale = massive dilution is possible

- ETH being untradeable for the duration of the critical pre-launch development is incredibly risky


Initially I was incredibly excited about Ethereum, and it's still a valuable project, but I see no reason to buy now.



2783  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC][OFFICIAL] PoS/Privacy on: July 23, 2014, 11:19:14 AM
Well i'm happy i only bought a few coins, just for the fun.

6 months or maybe longer, That's years in cryptoland Smiley.

I wonder how much more advanced/evolved Xcurrency will be by then?

Rev6 perhaps  Grin

Heh. Indeed.

And Ethereum is not very private.


2784  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC][OFFICIAL] PoS/Privacy on: July 23, 2014, 09:56:07 AM
should we ask XC to be integrated into the multigateway exchange?

http://multigateway.com/#sec_coins

Yeah, definitely.

It's a weirdly contradictory writeup they have about it though. It's called a decentralised exchange and yet there are three central servers that store your coins. (??)

I'm not sure I'd use it, but hey, no harm in people using it to buy XC. Liquidity is awesome.


2785  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC][OFFICIAL] PoS/Privacy on: July 23, 2014, 09:28:47 AM
Well, every time people mention price someone always say "we are still in an uptrend", I can tell you, no we are not in an uptrend. This is going down more than I imagined. Someone clearly dumps a lot of XC. I hope this coin can survive all the dumping, because many coins just die when the dumping begins even if the developers are doing a great work. Not much we can do about it, if you are average trader. I hold my thumbs for XC.  Smiley

Yes the ascending trendline has been broken.

That mysterious whale clearly doesn't have profit as an incentive here. It wants to smash XC.

However I don't think XC is in any danger of "dying".

We're on the run-up toward our major releases and an official public launch.

This means the price can go as low as anyone likes and still have 100% chance of going up again.


As I said last night, the future is precisely as bright as it was before.



2786  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC][OFFICIAL] PoS/Privacy on: July 23, 2014, 09:23:37 AM
since people might only wanna try EM to protect their privacy at the beginning of XC adoption, is it possible to add an option that could let user select between full functional wallet and EM function only wallet?
This lite wallet could save a lot of storage space and is easy to put into mobile.  Grin

That's a cool idea. I've been wondering whether the mobile market would actually prefer purpose-specific apps.

This is a common thing to do, to build a suite of apps that seamlessly interrelate so that you don't necessarily even notice you're swapping from app to app

We'd benefit from function-specific app store searches, from differentiated download stats and reviews, and in this case from a smaller app size.

Very cool.


2787  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC][OFFICIAL] PoS/Privacy on: July 23, 2014, 03:35:09 AM

Why not use some excellent tool for daily updates?
just like jira, live demo here: https://www.atlassian.com/software/jira/?clicked=j.a.com_introduction
In our project, we make team plan and personal plan in jira and keep updating every planned task everyday.
Then our community could watch the progress in real time.

Interesting. We're using Pivotal Tracker internally atm.

How would Jira send updates to the forums?

(We'd need to keep a fair amount of stuff unannounced until the right times.)




just post the jira dashboard link. it's cute

Aha. Nice.

2788  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC][OFFICIAL] PoS/Privacy on: July 23, 2014, 03:25:41 AM

Why not use some excellent tool for daily updates?
just like jira, live demo here: https://www.atlassian.com/software/jira/?clicked=j.a.com_introduction
In our project, we make team plan and personal plan in jira and keep updating every planned task everyday.
Then our community could watch the progress in real time.

Interesting. We're using Pivotal Tracker internally atm.

How would Jira send updates to the forums?

(We'd need to keep a fair amount of stuff unannounced until the right times.)



2789  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC][OFFICIAL] PoS/Privacy on: July 23, 2014, 03:14:55 AM
Hi folks

Introducing:

**The XC Daily Update**

I think it would be a good idea to let the community know what the team is up to each day.

We always have a lot going on and it's futile to try report everything, but I'll give you regular updates on the agenda.


Today:

- Dan is working on the next update to secure private messaging (EM).

- I'm drafting the new OP for this thread.

- We're updating website materials, the FAQ, etc.




Fantastic Aryln! Can we get this also posted of the xc-official.com site daily so it doesn't get lost in the forum? Also posting on reddit would be great as well. Guess we could search for it but it's a bit of a pain.

Sure. Of course. Creating a topic on the official forum now.



Excellent!

Done.

You folks might want to bookmark this page for daily use :-)

http://xctalk.com/index.php?/topic/168-the-xc-daily-update/



Thanks for the daily update Arlyn, it'll help a lot.  I actually was planning on summarizing updates every night for people who couldn't read back through everything on a daily basis but obviously it works even better if you're doing it since you have the latest info.

Also, I should have copy pasted the XC community rules that we had on this thread last week but maybe its time to requote that so we can keep this thread on topic.

Sure, no worries.

We'll try give an update on our agenda on each workday.

Unplanned updates will probably also find their way into the new topic.

As for the community rules, they'll be in the new OP :-)

2790  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC][OFFICIAL] PoS/Privacy on: July 23, 2014, 02:58:31 AM
Hi folks

Introducing:

**The XC Daily Update**

I think it would be a good idea to let the community know what the team is up to each day.

We always have a lot going on and it's futile to try report everything, but I'll give you regular updates on the agenda.


Today:

- Dan is working on the next update to secure private messaging (EM).

- I'm drafting the new OP for this thread.

- We're updating website materials, the FAQ, etc.




Fantastic Aryln! Can we get this also posted of the xc-official.com site daily so it doesn't get lost in the forum? Also posting on reddit would be great as well. Guess we could search for it but it's a bit of a pain.

Sure. Of course. Creating a topic on the official forum now.



Excellent!

Done.

You folks might want to bookmark this page for daily use :-)

http://xctalk.com/index.php?/topic/168-the-xc-daily-update/

2791  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC][OFFICIAL] PoS/Privacy on: July 23, 2014, 02:48:08 AM
Hi folks

Introducing:

**The XC Daily Update**

I think it would be a good idea to let the community know what the team is up to each day.

We always have a lot going on and it's futile to try report everything, but I'll give you regular updates on the agenda.


Today:

- Dan is working on the next update to secure private messaging (EM).

- I'm drafting the new OP for this thread.

- We're updating website materials, the FAQ, etc.




Fantastic Aryln! Can we get this also posted of the xc-official.com site daily so it doesn't get lost in the forum? Also posting on reddit would be great as well. Guess we could search for it but it's a bit of a pain.

Sure. Of course. Creating a topic on the official forum now.

2792  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC][OFFICIAL] PoS/Privacy on: July 23, 2014, 12:58:59 AM
I've been interested in Ethereum for some time. They have some amazing ideas.

However these ideas are also amazingly ambitious. They will almost certainly scale back on their ambitions in several respects.


As for XC's purpose in comparison to Ethereum:

- Ethereum is "Turing-complete", which is to say maximally flexible.

- As a result Ethereum is not private.


In my opinion XC hits the sweet spot by being truly private and a true blockchain 2.0 platform.


2793  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC][OFFICIAL] PoS/Privacy on: July 22, 2014, 11:55:08 PM
Wink Cheesy Grin

[DRK-bashing] 

One of yours I believe.

And things were are going so well in general.

Looks like someone is keen to start spreading shit around and seeing what comes of it.

No, Pookielax has been ostracised from the XC community.

He's now a Cloak supporter.


2794  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC][OFFICIAL] PoS/Privacy on: July 22, 2014, 11:40:58 PM

arlyn, all of a sudden we have a bunch of newb members holding huge conversations amongst themselves on this thread. it's comical from my perspective. reading through this thread the past weeks, i see that this team IS a focus group and any attempt at manufactured drama here is being ignored by those impressed by you, we are also ignoring the momentary suppressed value of our investment. Just keep doing what your doing (as if you aren't already!)


Thank you :-).

We'll press on. A lot of opinions are shared on threads, and they can strongly affect how people interpret XC's announcements in the short term.

However the facts speak for themselves, and this always wins out. And the future is precisely as bright as it was before.



2795  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC][OFFICIAL] PoS/Privacy on: July 22, 2014, 11:00:33 PM
I dont think you guys understand why people are dumping and to be honest it blows my mind. It's simple, its nothing to do with the quality of the product, its how the messages are delivered and sometimes, the content.

Mistake 1, the late Rev 2 release, huge mega dump.

Mistake 2, promises new road map during the weekend, proceeds to make almost THE SAME mistake by revealing the new road map late on Sunday.

Mistake 3, road map is pretty much the same thing as the first one,  just presented differently. Lets be serious, that is what took a few days to wait for and also with no ETA?

In the meantime no one seems to acknowledge the fact that there are other coins around that people can make short term money from while XC is floundering. People are able to make serious money in the crypto market but cannot do that if their money is tied in XC, and that is why they dump.

Its not a whale dumping, its people that want to make money and dont want to wait months.

This is little to do with Cloak or Dark


Please for goodness sakes have some sort of Focus Group to test how people will receive your announcements, it really is bad the way they're being delivered. Also, when you say 'weekend release' you better make sure you release that news on a Saturday and not late on a Sunday.



This perspective doesn't adequately explain the facts.

- the announcement of Rob Kremers? Big news, huge dump.

- all the other non-minor announcements lately? Dumps right on the news.


Look up my posts and compare their times with the dumps on Mintpal. It's obvious.


I'm not particularly interested in discussing the complexities of expectations and deliveries. I've stated my opinion on this already, and I think that the reactions to our announcements have mostly to do with the circulating of misinformation and with the mysterious dumps. Your interpretation here rides upon these facts instead of preceding them.



2796  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC][OFFICIAL] PoS/Privacy on: July 22, 2014, 10:03:41 PM
Im going to let your community in on a big secret....That why i made this account. When DRK started that fud storm and crashed the price they did it because they were intimidated by XC and its DEV.. Well like any smart trader.. DRK saw the opportunity to take charge over the compettion they fear, They used instamine profits to buy a whole lot of XC cheap so they could smuther it.. I know this to be true..they've used the instamine for this more then once as well. Well good luck to this community....XC is a great coin, just got caught up in a bad situation drk created

If this is true, well, DRK will just sell low and eventually run dry of XC.

Suits me. We'll profit from cheap coins.

The more important thing is that:

- this doesn't mean any of us should troll DRK

- we have nothing to worry about from our competitors

- XC is perceived to be the market leader

2797  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC][OFFICIAL] PoS/Privacy on: July 22, 2014, 09:53:39 PM

Its not the whale ....I told you yesterday that we do 1 stupid move after another and now 1 stupid move more...but you just don't get it

I don't get what you mean because you didn't explain yesterday. What do you mean?

2798  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC][OFFICIAL] PoS/Privacy on: July 22, 2014, 08:17:26 PM
As with most projects when you deal with multiple teams/projects, sometimes the 1 team does not stay current with the schedule. The ASIC is its own project, and the developer we had hired for the exchange has been fired due to his delays (and replaced). XC has its own team and I am only assisting with it where I can, other projects have no bearing on XC.

Cache is not a P&D, we still have all the coins and never sold them as any user can check. It is part of how we will build PoBC and is in ongoing development as you can see from the cachecoin thread.

Just to reiterate that all these projects, including XC, run completely independently of each other.

A delay - or increased workload - in one makes no difference to another.

Jasin has been - and continues to be - a great resource to the XC team, and we have no reason whatsoever to doubt his commitment or value.

If you have doubts, go look up Cachecoin's development and satisfy your curiosity about its future.


2799  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC][OFFICIAL] PoS/Privacy on: July 22, 2014, 08:05:53 PM

_evolution_ learn to respect other people or leave.

I have no idea what your intentions are, but you just come across like an arsehole.


2800  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC][OFFICIAL] PoS/Privacy on: July 22, 2014, 08:00:07 PM

It's not really that uncommon for sellers to wait for news in any financial market.  That's usually when the volume is and if they hold a large chunk of coins, that's the time with the most liquidity to exit.

I agree. However these dumps happen before a buy wall forms, and before sellers can benefit from some upward momentum.

It doesn't make sense to me. If I were trying to sell I'd put several asks in the path of an upward movement following the news, not dump it hard to neutralise all confidence.

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