Well for what it's worth I REALLY did mean what I said about consensus.  My biggest issue with crypto right now is exactly that - consensus.  With no consensus people trying to use it as money will get screwed over and over again when it loses all it's value (consensus).  Then second is the pyramid scheme.  It took me (longer) to come to this conclusion than it should've (and losing way more money than I wanted to).

But the fact is - that bitcoin slows distribution even while adoption grows.  Which heavily heavily discourages use of bitcoin as a currency IF you think adoption will grow.  In other words - "bitcoin is like money that I pay with except that if I pay with it now and twice as many people use it next year then it will be worth 2X as much".  On top of that - mining halves.  So if you assume that bitcoin is a currency (representation of energy) that is worth something along the lines of (# of adopters / difficulty to get bitcoin) then when it halves it further drives up the value of early adopters.  Not to even mention the mining difficulty / slice of the pie distribution method. (I'm sure all of this has been discussed somewhere).

But PoS (IMO) takes this problem and makes it worse.  If I want an XC coin - I have to buy it from you.  I can't mine it.  Then I have to hope the next guy is willing to pay more.  It's even more of a pyramid scheme than bitcoin.  In addition to that ... like I said before.

Currency = consensus.  This is why bitcoin is really the only thing trying to be a currency (albeit a pyramid currency).  When things are widely recognized as a transfer / store of energy or resources THEN they can be a currency.  But what we have is people putting their money into stuff they hopes turns into a currency ... then lose it all in a few weeks.  

This mindset creates the unstable markets we see and the high unlikely (due to the economics and competition being set up in such a way to make it unlikely that 1 XC will be worth anything in six months unless new money continues to pour in).  So most people thinking "Oh ... this could be a currency some day" WILL be left sitting with an empty bag while the speculators continue to bounce around.  Until the distribution is fixed.  And a broader consensus is formed around a coin.  

I feel the entire structure of everything (PoS is worse) directly discourages long term adoption or an actual "currency".  So there you have my rambling thoughts.  If XC were really good at what it did (which I have my doubts as to it being the best looking into Cryptonote ... they just need to solve bloat).  But IF it were - then tokens being rewarded to nodes that provide private communication is a completely different ecosystem than the PoS (& to lesser extent PoW) pyramid scheme.  AND it would help solve the problem we have with TOR - notably that the NSA can fund these nodes and if they get enough of them (and since nodes don't have any way of breaking even or making money - and the NSA has a huge budget they probably are) they can begin to crack privacy.

If you find a way to reward the nodes.  You solve the NSA problem.  

Sorry for the rambly post.  


lolol

go on then, enlighten me, what is AeroMe?

Ha! I was there for that. no bickering today you 2. LOL

Im still pretty much all in on XC, good luck to shadow, but I dont think they'll get too much further unless the dev team proves who they are.

Still, they seem a lot better than DRK and CLOAK etc... and apparently their code is open source (just asked in the forum)

let me know if you want me to delete this post as im not strictly talking about XC here.

Lol - working on it.  I actually had a little bit of an idea (weighing my options with our bet ... still working on funding.  Stupid Coinbase)

Anyway.  I was thinking a little about Ethereum.  I know a lot of people think it's a scam or whatever.  Which is fine - but one of the things I feel like they nailed with their coin is that they are using it to pay miners fees for running the touring complete script.  I also feel like MaidSafe is doing it correctly with their Proof of Resource by paying people to turn over their bandwidth / whatever.  The coin is tied to the utility being provided.

I'm NOT advertising other coins.  I don't own any maidsafe or ethereum.  Nor am I convinced they are good places to put money.

But understanding the XC is really two different things.  1 - A privacy platform that works off nodes/wallets.  2 - A currency (that works inside the nodes).  Wouldn't it make more sense to do a PoPN - or Proof of Privacy Node?

Basically I see the value of XC (assuming it's the best anon) - the value is coming from the nodes.  Not the people who hold the most coins (which really isn't even necessary for the privacy to work).  Also wouldn't it make sense to charge something for messages / skype calls / whatever that the nodes that are privatizing these things "harvest / mine"?

I really wasn't commenting on Vertcoin capability vs XC - just explaining Apple's likely reaction.

yup, thats it.. better sell now

looks like they are going through the same shit as us. price just gone down since that was released. 

They have unknown Dev unlike us. Looks like they could be our closest competition though.

WTF Shadowcoin has everything we have plus cellphone stacking wallet...

Do they have a solid dev like ours?

How does encrypted messaging work? couldn't find an option in the mobile wallet. 

so, is that the end of that then? lol

And who will use shadowcoin?

I bet that every ppl from europe age 40+ will NEVER use shadowcoin. Becouse is spokie...-SHADOWcoin-

I agre with gadgetnerd. Its not so much about the actual POD review, as it is about exposure. You guys would be surprised how many people out there either havnt heard of XC, think its dead, or just vapor ware. This is coming from talking in different IRCs, reading comments on other threads, etc. And a lot of people who have heard of it, have no idea what it is. They think the best anon coins are cloak and dark and that everybody else is trying to catch up.

will its still average out 3.33% per year? I don't quite understand staking.

Thanks.

Hi all, need some advice
Have xc wallet online, conected for almost 3 days. But.... my stake amout still keeps at 0.00
https://i.imgur.com/7zZ3Np9.png

Is this normal? Where may be the problem?

Thanks a million man.  

Actually, thinking about it this is really good. It was this quarter I transferred all my money from BTC to XC, so Im up about 10% from what I would have been if I'd kept it all in BTC like i have been doing for about a year.

XC is safer that BTC basically. Good news !

looks like I moved it at the perfect time.