Pasting this in from the other 'XSPEC = SCAM' thread:

Look, I hold a few XSPEC for fun, but I'm by no means a blind fan. XSPEC has strengths and it has weaknesses. But this kind of poorly-thought-out BS is pointless, misleading, and not helpful to anyone.

Some facts, all of which are easily verifiable by anyone who wishes to do so:

- XSPEC is largely based on ShadowCash code, with the addition of integrated TOR. The fact that the first version of XSPEC partially/mostly copied ShadowCash code pissed off some people, and led to a lot of FUD around XSPEC's ICO. Now, there are two important points to take away from this: First, almost every project in cryptocurrency is a copy of some other project or combination of projects. That's just a fact of life when the code is all open source, and it doesn't mean the resulting new projects are scams (they may or may not be, but that is independent of the copying). Second, it is now more than a year after XSPEC's ICO, during which time the XSPEC devs have made considerable changes to the original code. XSPEC is now very much its own project (and, ironically, XSPEC was actually copied recently by TokenPay).


- XSPEC's ICO was more than a year ago. The distribution is now driven by market forces, not initial sales. Having said that, XSPEC's distribution is, indeed, 99% for the top 1000 addresses. This is what happens with every relatively young, relatively unknown project. I think people in the crypto world forget that even in 2018, crypto is not truly mainstream. As a percentage of the world's population, very few people hold BTC, and XSPEC is much, much, much, much less well-known than BTC. For such projects, the normal progression is 1) most coins are held by a small number of people, many of whom are close to the project; 2) coin experiences a pump; 3) some early adopters take profits, leading to a dump; 4) dump leads to redistribution to a larger group of holders; 5) repeat, with the amplitude of the pump and dump cycle dropping as distribution and market awareness improve. The key point here is that centralized distributions aren't great, but they are a fact of life in the earlier stages of most projects. They are NOT evidence for a scam (i.e., a deliberate attempt to steal money from people based on false information). Over time, if a project continues to follow its development roadmap and deliver on its promises, the distribution will improve.


- Again, the ICO was a year ago, and, as is public knowledge, it was mostly unsuccessful because of all the FUDing. So yes, token distribution was not so good then. If anything, the fact that the distribution is now more than 10x greater is a positive sign.


No sh*t, Sherlock. That is literally why anyone chooses to hold an asset that pays a dividend/interest, whether in crypto or the real world. And anyone who wishes to participate is welcome to do so--it's not like this is only possible for the first X people who buy in or something. Honestly, have you never heard of PoS before?


- First, I'm not sure why anyone would assume that a coin can only be either staking or being actively traded. Why can't someone hold coins on an exchange without actually trading them? Why can't they hold them in an offline wallet because they don't feel comfortable staking, or don't know how? If you look at any PoS coin, you will find that many people still choose to keep their coins offline. This is completely normal.

Second, XSPEC's daily volume is currently about $275,000. A few weeks ago, during the pump, it was about 10x that. Market cap is calculated as the total supply of the asset x the price for one unit of that asset. Take a moment to think about what that means. If I make 1,000,000 AwesomeCoins and I convince one of my friends to buy one for $50, technically AwesomeCoin now has a market cap of $50,000,000. But does that mean I could sell all million AwesomeCoins for $50 each? No, of course not. You couldn't, because a) the supply of coins actually available for sale is much smaller, and b) the pool of buyers is also smaller. THIS IS TRUE OF LITERALLY EVERY ASSET, whether in the real world or in crypto. And it's especially true of PoS coins, where there is an incentive to hold.


First, the lack of marketing is a deliberate decision by the team, and is not a secret. Marketing will increase later in the development cycle. Second, the XSPEC team feels that centralized exchanges are antithetical to their goals of privacy, and are putting their focus primarily on decentralized exchanges, which will become much more common over time. Again, this is not a secret. Third, no-one can do anything if a group that is unrelated to a project chooses to pump it. Some degree of P&D has taken place in almost every young-ish project in the history of crypto and, as I said above, it is this process that ultimately leads to a fairer distribution and more stable prices.

Now, all of this is a separate question from whether any given person thinks that XSPEC is a good investment for them. True, marketing would help increase adoption, as would getting on more exchanges. On the other hand, marketing before there is a fully realized product can actually do more harm than good by causing extreme P&D. Likewise, there are enough people out there who are concerned about privacy that avoiding decentralized exchanges is seen as a strength by some. Regardless, XSPEC's values and plans are not secret--anyone can read up on them, and decide whether or not they wish to invest.

So: Yes, XSPEC is a relatively young project. Yes, because the devs have chosen not to do much advertising or get on more centralized exchanges until the project is more mature, it is still relatively unknown and the distribution of coins isn't great. XSPEC has chosen to develop its project in a certain way and, as an investor, you either like this approach or you don't. People are free to invest or not as they wish.

But--and this is the important point--NONE OF THE ISSUES RAISED IN THE INITIAL POINT INDICATE A SCAM. At worst, they indicate a bad marketing and development strategy, but that is open for debate, and won't become clear for a long time. Feel free to not invest in XSPEC, but don't spread misinformation.

where did you read about circulation supply?

Between 5$-10$ i guess! Depends on market demand! You have to remember will be around 35 millions coins in circulation until Ico start!

And i really think that its a great scheme which is described in WP. Waiting a very hot main ico phase 

BREAKOUT COIN will be their competitor, that one already start deal with some big casinos, but I think Dragon focus on more VIP gamblers while breatout focus on gaming in general. in this area of business still a lot of opportunities. I think if they get the enough support us and investors this token will do well in marketing when hit exchanges like breakout is doing now.

I think ico have not ended yet, so you will have to wait a bit before it will be listed on exchange yet. You can buy now and maybe sell it more after ico or just go to casino and play some games who know, you can just win some millions bro. Best advice is to buy and keep an d then watch the market a your token grows

Uh... I'm not a goosey, I can read very well.
To enhance our dialogue with more substantiality, could you please answer the following:
1) How those VIPs claim their winnings?
2) Who bear the fee costs of claiming winnings, VIPs or Junkets (those 5-7% you've mentioned)?
3) How does a process of acquiring winnings for VIPs usually look like? Literaly, how do they get the ownership of money?
All these questions are related to NOW, not to how it is going to be


Can you provide proofs?

I've undestood it from the very begining, but seems you didn't.
Here's an extract from the WP:

"Whenever necessary, the gamer could eortlessly convert
his Dragon Coins (DRG) to fixed-value digital Dragon Global
Chips (DGC) for use in the junket. After gaming, DGC could
be converted back into DRG and further converted to at
money or any other digital currency when needed, all on
demand and via the touch screen on a smartphone. If
gamers choose to keep stake monies and winnings in digital
form ready for the next visit to the gaming tables, they could
do so, securely and at minimal cost."

One more
"Through connectivity with our digital value platform,
namely the Dragon Platform, elite gamers wishing to visit a
junket could easily convert at money into digital tokens,
that would be securely registered on a blockchain underpinning
the platform. A numerical representation of the tokens
held at any one time would be shown in the gamer’s smart
phone wallet."

My point eventually was not about either bringing cash or using credit line or whatsoever, my point is: no one needs this mumbo jumbo with transfering cash into some tokens or vice versa. VIP gamblers will very likely avoid such offers.

I guess you've understood my "unfounded"(?) concerns wrong.
When you have a cash to gamble it's stupid to transfer it to crypto. It's a useless option for gamblers much less for VIP ones.
But, maybe, it could work for people who came into casino already having some DCs, but who will transfer it initially, that's a question for me.

Monero pumped high enough and has very big capitalization. I would measure not just risky or less risky but compare with risk/reward.

XMR has more than 5bln$ market cap already
XVG pumped up to 3.5bln$ recently and had less than 100mln month ago
Sxpec has only 30 mln...

I know it's risky and Idn't put a lot of money in this investment but potential is very interesting in my opinion.

Hi, I want to know if there is any cryotocurrency based on Ethereum that today among the 50 best. Creating a cryotocurrency from a contract with ethereum is a good way?

With BTC and ETH sold down during this period... good time to buy ETH to invest into good alt coins such as Dragon.