As a dev on the DCM team, I appreciate your remarks. I can only say that we are all sorry for the way the situation escalated without there being any real reason for this to happen. I will admit I was upset about your ANN but that was primarily because of the SRHSoulja situation but I tried to remain civil, calm and rational. I wish everybody involved would have kept their calm but that was obviously not the case.

Be that as it may, I want to apologize in the name of our team for what happened and thank you for your calm handling of the situation. I wish you best of luck with your coin; the market will ultimately determine who has the better coin & strategy; one coin's gain does not have to be another coin's loss.

OK, I've managed to get in touch with some of the guys on the team. Here's our preliminary response:

1) We will not be releasing public wallet addresses for each member. The reasoning behind this is that our wallets contain other funds which really are noone's business. You can consider the information provided below as our first "semi-official" response as to the project's financial situation. To compare the situation to the business world: when a company gives you a financial statement, they also don't let you look at their bank account but provide a summary. Please understand that we are trying to be transparent here without having to reveal personal financial information.

2) So, this is the state of our finances right now (from personal communication with 5 out of 6 devs):

a) Background: each of us received 22.26 BTC from the IPO to be held in trust for meaningful, coin-development related services. We have agreed that each of us is entitled to 2 BTC for their personal use as a payment/reward/salary for the time we have sunk into getting this coin launched and the further development of the coin. This may not be the answer you're looking for but we spent many days & nights with little sleep getting everything into place (coin development, website launch, drafting of supporting documents & statements, exchange negotiations, getting stratum up and running, etc) and will be spending much more time over the coming weeks & months to advance the stated goals of the coin. It all adds up to a lot of time and we feel that 2BTC/person is a reasonable (if not low) compensation for this; we all have families to support and have to eat as well. Having said this, our ultimate compensation will be a rising coin-price when we deliver on our stated goals. Realize that when we bought into the IPO, we did so using our own funds. As such it is in our personal interest to get the coin price to rise substantially over the coming weeks and months. As far as I know, everybody who bought into the IPO is still holding their coins.

b) Detailed statements:
i) KreativeKrypto: still holding around 18BTC from the IPO. He spent about 2 BTC for vendor acquisition support materials, marketing materials, etc.
ii) SeriousCoins: still holding around 19BTC from the IPO. He spent about 1 BTC renting hash power to secure the network for the post-IPO period
iii) Wallenstein (myself): still holding around 17 BTC from the IPO. I recouped some (very) minor costs I had advanced before the launch (domain names, hosting, HTML layouts, etc) and this morning moved 3BTC to Bittrex for buy support when I saw the price was approaching IPO-level.
iv) AHumanBeingX: still holds around 19BTC from the IPO. He spent about 1BTC getting the blockchain explorer and other network related stuff up and running and also rented some hash power to point towards the multipool.
v) Aszu: haven't been able to reach him yet, so I don't know but I am 99.999% certain that his IPO funds are also still in place and ready to be applied to the project.
vi) BobSurplus: told me he also still has his BTC from the IPO.

Bottom line: we are still in it for the long haul. DCM is not a scam coin and as far as I know, noone has run off with the IPO money. Our goal is to use the IPO money responsibly and develop a coin which can stand the test of time.

As you are all aware, the last 2 days have been rough; we are working on a coordinated response to leave these troubled times behind us and move the coin (and it's price) into thoroughly positive territory. You can expect several announcements next week which will detail that we are regrouping and making progress. Please grant those of us with families the weekend to recoup from what has been a very busy and stressful period.

We appreciate the faith and trust our investors have put into us and will do our best to make it worth your while; both from a financial as well as a community point of view.

You can't FORCE yourself onto mintpal. You can buy votes but there is no guarantee that they'll add us. Spending almost 1/6th of the IPO proceeds to something that ultimately we have no control over, seems like a bad deal to me. It's better to grow the coin organically and get the community involved in the voting list. This at least shows community involvement and a long-term mindset, which are the foundations to a strong coin and will eventually get Mintpas's notice.

I can't speak for the project as a whole, but I think the answer to this is "no" for 2 reasons:
1) No contracts were signed, we started this entire coin based on trust.
2) I don't think spending IPO money on lawyers is a good idea; that tends to get expensive really fast.

+1. We are a merchant coin. The technical foundation of Bitcoin/blockchain already provides more anonymity than your bank or credit card ever will.

Please find that thread, because right now your example doesn't apply to 99% of the population.

OK guys, let me try to answer some of the concerns and allegations here (I'm part of the DCM team, check the ANN):

1) As for our supposed silence: please realize that it's a weekend and that most of have wives, children, etc. We can not monitor this tread 24/7.
2) DCM is not a scam. We started this venture as a serious coin development project and as far I am concerned, that still holds.
3) The situation w.r.t the very similar (copied?) initial Harmony announcement escalated beyond my wildest imagination. I can only say that I'm not proud (to say the least) of the unprofessional manner in which it was conducted. I understand that passions can run high, but there should be minimum standard of civility which unfortunately was not the case here.
4) As for the current coin price: either some big investors who bought into the IPO sold their shares or it's just a general 'weak hand' syndrome. The market does what it does and it's our job to move forward and rebuild confidence.

I'm sorry I can not say more right now, I need to touch base with KreativeKrypto (project leader) and the other devs. I'm sure we will release an official statement as soon as we can coordinate our views on the situation.

Why do you want it to be anon? If XBC (or any coin for that matter) is worth a lot and you buy a USD 100K BMW with it, what good does anon do you? Your car is still registered to your name, so there's no doubt about the fact that it's yours. Even if you register it to your wife/girlfriend/aunt/whatever, the tax authorities can come to her and ask her where the money is from. I don't know about the US, but in many European countries, if you live in a million dollar house, drive a very expensive car, etc, but don't have an official income to match the expenses required for your lifestyle, the tax authorities will eventually inquire how you're paying for it and where the money came from.

I think anon is overrated because as soon as you buy a tangible real good (car, house, etc) with your anon funds, you're on record anyhow. And if you want to buy a bag of weed in a state/country where that is illegal, you might as well just pay cash. Sell a share of XBC, convert to bitcoin and withdraw from a bitcoin ATM (they'll be coming soon) and you have your anonymity.

From the page you linked to:

No thank you then. I won't store my money on non-open source.
 

Are you talking about logo or infographic here? Because I have a guy I know on the infographic job.

No, not really. XBC has been under attack from dumpers (bots?) trying to drive the price down so I'm very wary with price predictions. I can however tell you that we have a number of initiatives in the works and that we hope that that will take XBC to a higher valuation. We're executing on our plans; this is the best we can do to combat the low price. As for when this will happen or what the price will be, your guess is as good (probably even better) than mine.

I agree, from what I can tell Busoni is a good guy; I never said or implied otherwise.

Thank you for noticing that we've been active and getting our first results out the door, it's appreciated.

Thank you for your hardcore voting. We appreciate it. We just need to keep plugging away and the train will start moving again.

I don't want to restart a new "bash another coin thread" (far from it) and have nothing against MIL, but personally I have also wondered why MIL was chosen for an IPO when DCM was on the table. I guess we'll never know but I do know that we sent a very solid and detailed proposal to Poloniex.

I don't think anyone at Poloniex is sour over DCM's successful IPO, I think they just want to ensure that future IPOs are received positively and sell out. Unsuccessful IPOs hurt the entire altcoin market so it's good that they're taking steps to ensure that future IPOs meet certain minimum standards.

The problem with asking for innovation is that what does a new (for example) algorithm ensure? IMHO nothing. You sometimes hear people say "xxx is a good coin because it's X11/POS/whatever" To me that's like saying USD is a good currency because it's printed on good paper. Yes, those are nice things to have but in the end that (I'm pretty sure) those things don't give a coin value. What gives a coin value is real-world usability. Anything else is IMHO just a cloud of smoke.

What I'm trying to tell you is that noone on our team knows why Poloniex won't list us (IF that is really the case). Stop looking for conspiracies where there aren't any.

Yes, you've finally discovered our cunning plan: we have already set sail towards a remote island and plan on living comfortably off the IPO money for the rest of our lives and have 3 meals of steak, champagne and chocolate cake every day. In our free time we will build gigantic robots to conquer the world once we get tired of steak, champagne and chocolate cake. 

For the humor-impaired: Of course this is NOT the case.

As someone on the team: no, there is no real reason that I or anybody else on the team knows of which would prevent us from getting listed on Poloniex.

Nice job, maybe try making the font a solid white so it stands out better against the dark background.

These requirements are for new IPOs.

I contacted an acquaintance who has done something like this for me before and he'll do it. Probably done before the end of the weekend.

I believe the multi pool has already had it's first payout and purchase of DCM; I think it was posted a few pages back.

As for dev priorities: 4 out of 6 dev are exclusive to DCM, so their focus is exclusively on DCM. Serious and myself have supporting roles (which we do take very seriously) and for my role there is some overlap in my activities.

Bottom line: myself and Serious are fully committed to both coins; we will do whatever we can to advance both coins market positioning and to provide the tools needed for both coins to reach success.

Hopefully this answers your questions to your satisfaction.

Panic sells. My advice is to hold, especially if you bought @ IPO price.

Note: I am a dev for DigitalCommerce, so take this into account when considering my opinion.