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Asec, pretty good making an account just to trash talk to me, wonder who is actually behind this new account. Also, you make no sense. I never said I wanted to go in personally to take a picture of the pile, just that I request the Dev team to take a picture of the pile and make the picture public. But, if English is not your primary language I can understand why you can't comprehend it and can also understand why you don't care about the grammar shown by the dev team, because you can't notice mistakes. And to clarify I am not leaving negative comments, I am simply criticizing to make the project better, or what, are you against democracy, decentralization and choose the Dev team to have complete and absolute power about everything,(?) or should we be allowed to speak our opinions? Rethink your rebuttal , make sure to preview it a bunch of times before pressing post. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Some of you are answering questions like you are the dev team, don't explain something you are not 100% sure of, lets hear from the "dev team", which I have never seen before in picture.
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Dev team its either sink or swim, be more transparent, answer questions of the community, provide proof, a FAQ page etc...or go to the next page in coinmarketcap, you went from ranking in the #60's to #85, soon you will be above #100 in coinmarketcap and you will be a forgotten coin of the past. Stop ignoring our questions when in theory you can answer them instantly instead of waiting days, months, if ever...
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Honestly I can't help it but I have to say that the Gamma project is trash, you guys couldn't have done an explanation that is more confusing and badly written than that one. I am greatly disappointed, I'm tempted to sell my Xaur. However after reading it 3 times I kind of understand the concept, it sounds great however the problems with this are: 1. No transparency, you claim transparency but where are the dev names and their pictures? 2. How do we know the Auresco Institute even exists? Not trashing on Slovenia, but why Slovenia? 3. Why is the gold held in Istanbul? 4. Why is there no pictures of the gold reserves? How can we trust pieces of paper? 5. Why such bad marketing and incorrect grammar in everything the "Xaurum Team" writes? 6. How can people be assured that the "Xaurum Team" actually exists and it isn't just a single con-man pretending to be a group of people? Come on, have some real life interview videos or a video presentation in front of crypto enthusiasts! Do something to give this project substance! It's falling apart we are now 80 something in coinmarketcap! 7. The tide has changed in the crypto world, tons and tons of coins are now being made transparently, with actual Dev pictures and names on the website describing each of their roles, Xaurum used to look transparent but now the crypto scene has evolved to involve real companies and real groups of people, not anonymous users claiming to have full transparency when there is clearly no evidence of such thing. Either change or we are going to die off!!! Some of us love this concept but upon first opportunity we might invest into some other competitor just because they are more transparent!
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"Xaurum team", in the xaurum.org production price page, http://xaurum.org/production_price.html , fix the following grammatical error: Add an "is" after "when the price", it doesn't make sense how it is written. Also, remove the comma as it is unnecessary. There's also countless other grammatical errors on the website which simply make our project look horrible, please take a look at the entire website (only takes seconds) and/or hire an English teacher, simple mistakes like these scare away investors. https://s12.postimg.org/d450iyzal/error.png
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All which is left now is for a picture of all the gold pile to be posted along with the Xaurum logo in the background, this should be included in the revelation of gamma, also a page with the developers, their faces and what they do and what their interests are. This would add so much credibility to the project, if you think about it there's absolutely no reason not to do what I just listed, unless someone is trying to hide something. Anyways regardless, I just stocked up on some cheap Xaurum, it's really a no lose situation.
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Thanks for your reply, just purchased 2,000 more XAUR.
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A picture of all the gold with the Xaurum logo at the back is all I need in order to convince my friends to invest thousands.... Is it too much to ask?
And why wouldn't confirmation be enough? If this papers would be fake, I guarantee you Nadir and Loomis would already sue Auresco Institute. I mean Xaurum team gave us I think two papers that prove they are legit and you want a picture of gold that it is far less convincing than this confirmations... If these papers cannot convince your friends I think nothing can, sorry... What you don't understand is that Nadir and Loomis don't care, Loomis doesn't care if the "gold" they hold is fake, they just have the obligation of keeping it safe and keeping documents that say a certain amount of gold (with no guarantee of authenticity) is available and stored. As for Nadir, the refinery is based in Istanbul, Turkey ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) , (sarcasm) as we all know it is 100% incredibly easy (not) to sue over two different jurisdictions (sarcasm) ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) , let alone different countries. Since Xaurum/Auresco is based in Ljubljana, Slovenia in Europe and Nadir and Loomis are based separately in the middle east, specifically in Turkey (yes the gold is stored in Turkey, moment of silence please) it is almost impossible to sue from such far away. We are talking about suing from the middle east to central Europe, which would cost hundreds of thousands if not millions of dollars in legal fees from lawyers that can translate both laws of the different countries and international jurisdiction codes (not really in the best interest of both companies). But anyways, if you still trust this project so much put in all your life savings into it, and message me your bank statement screenshot. I am not bashing this project, I am simply stating some of the issues which must be fixed, I personally hold 1,000 Xaur (small), but by pointing out severe issues we can make this project better together, I believe it can really get to the top 20 currencies if the following is fixed. 1. Show some leadership around here, actual faces, there are tons of coins out there with faces (at least) of the development team, here we have nobody to really put our trust in other than "Auresco" which consists of a simple one page website with no faces of anyone nor names. 2. Better marketing, posts in social media shouldn't be have tons of punctuation that shouldn't be there stop with the "!!!", also better grammar. 3. Old social media accounts, it is obvious the "Xaurum team" has lost the password to these accounts, for example http://aurescoinstitute.tumblr.com/ which is filled with outdated nonsense. Also there should only be 1 social media account for every platform, there is 2 on twitter for Xaurum, one filled with nonsense in Latin, a dead language. 4. Dead links or irrelevant pages on Xaurum.org, go through your site, it only takes a second to fix! 5. Explain to us why is there a Xaurum office https://pbs.twimg.com/media/C8AlIgzX0AA_wxO.jpg:large , when there is no document made with basic accounting principles stating the cost of this office nor a document stating the cost of the employees running the office. If they are simply Auresco Insitute volunteers, state why they would volunteer or what their interests are. 6. It doesn't make sense that the "Auresco Institute" is a nonprofit organization when its main objective is to raise the value of Xaurum and raise the quantity of gold in the Commonwealth, this indicates a for profit venture. 7. Mint images look like they were typed in a basic notepad software and screenshotted, no better ideas? 8. Why is there no images of the gold? Why do you need to put a google image on the XaurumOfficial twitter page when you can simply snap a photo of the physical gold you already have, is there a specific reason for this? 9. Explain what the Xaurum Goldmine means (nobody really knows they all just answer what they speculate) and explain why you have removed it from the Xaurum.org page, do you want to hide this? 10. I could go on forever really, but I'm getting ready to go to work right now. I urge the leadership to fix some of these problems, I don't even ask for everything to be fixed, but I assure you every problem you fix will in the long run each be worth 1 million extra in market cap.
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A picture of all the gold with the Xaurum logo at the back is all I need in order to convince my friends to invest thousands.... Is it too much to ask?
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I personally don't care about the following but I am starting to since many of my friends don't believe in this project due to lack of proof. Pertaining to the most recent minting event, numbers that indicate the gold is growing are excellent, but can you guys please add a picture of all the gold? My friends simply don't believe the Loomis document, saying it is possible to forge the document, or even just having fake gold bars listed as real bars, since Loomis only cares about protection of the goods and not verifying the authenticity of the gold. They also keep on saying that if Xaurum/Auresco actually has the gold, they have no reason to hide the fact therefore they would be willing to post a picture, which is valid in my view and I can understand why many people have trouble investing in Xaurum, if we could only have 1 picture of ALL the gold we would not be in Rank 65 of coinmarketcap, but rather in rank 25 or above.
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People with their Gold dream , Hodl the worthless token and end up with bag holding and no gold.
I am not saying that you are not in pocession of the gold, simply that it cannot be truly proven in a forum like this. Whether or not there is any gold, after doing much research, I don't really care at all and I am not concerned one bit... As long as there is general consensus that there is actual gold backing and that it is increasing, the price will always increase regardless, the people in control of Xaurum will never print on a massive scale and dump on the market because doing so will get rid of a seemingly perfect online federal reserve. Also the Xaurum guys never need to have any gold at all because the Xaurum price is on average 700% higher than the value "backing" the gold, meaning nobody is stup*d enough to give 250 USD of Xaurums for one gram of gold when they can simply sell 42 USD of Xaurums in the crypto market. Personally like I said, I don't care if there's any gold at all, the system works perfectly for everyone involved, however we can all agree that if we had pictures of ALL THE GOLD in one pile we would not be in the 60's range of coinmarketcap, it would be in the 30's or higher.
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Anyone know where I can find a picture of all of the gold reserves in one single pile? I would surely invest a lot more having an image of all of the gold, but there is just simply only a couple of pictures of 1gram gold bars labeled with the Xaurum logo, I would like to see ALL of the gold, is this possible???
http://xaurum.org/commonwealth_audit.htmlYou can see some pictures of gold on a page 30 and on some newer pages as well. I think there will be some new photos of all the gold soon. So is the gold held in Turkey, Istanbul or why does the Loomis Document say that? Sorry I couldn't find the gold pictures of all gold in one pile I'm sure they will add them eventually though.
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Anyone know where I can find a picture of all of the gold reserves in one single pile? I would surely invest a lot more having an image of all of the gold, but there is just simply only a couple of pictures of 1gram gold bars labeled with the Xaurum logo, I would like to see ALL of the gold, is this possible???
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"I'm not a dev, but your matematics about Auresco Institute received money was wrong. They don't received 2,3 mio USD but about 1.093 mio USD (there your matematics is right). In Coinage formula there is "minting price", price with discount for minter. This price is not directly related to new production price. You must study coinage formula. Devs, please give as a link of Xaurum coinage spreadsheet. " Oh ok, where can I find the minting price? And also I based my calculation on the fact that it says in http://xaurum.org/production_price.html that "It is impossible to produce new XAUR, when the price lower than Production price.". Therefore it means that it is not entirely true since minters actually mint below the production price?? Or did I get something wrong?
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Can anyone explain the following discrepancy?, I am new to Xaurum so I apologize if it is a simple question. There was 8,092,484.2232 Xaurum coins issued on Mint 23 July 2, 2017. That means that the Auresco Institute received $2,307,167.25203 USD for purchasing gold, however the Gold increased proportion was only 21,868.49 grams, considering the price of gold floats around $40 USD and the price of refinery is maximum 10 extra that means each 1 gram gold bar should have costed 50$ maximum, and if Xaurum buys in high volume this means the price was probably lower. That being said if the Auresco institute received $2,307,167.25, and only 21,868.49 grams of gold were added to the common wealth, if we multiply times the price 21,868.49 x 50 USD per gram that means only $1,093,424.5 USD were used to buy more gold, $2,307,167.25203 - $1,093,424.5 = $1,213,742.75203 in unaccounted funds, another 24,274.8550406 grams of gold could have been added to the Commonwealth! Am I missing something, is there extra costs involved? Sorry I'm new to Xaurum it would be great if somebody could explain where the extra funds go....
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so basically the concept is: instead of going thru trouble buying and paying for storing GOLD yourself.. you buy XAUR tokens and have safe and convenient way to store and redeem GOLD plus you get GOLD dividends by just holding.. does this mean XAUR token gets more valuable with time? did i get this concept right??
You are 100% correct, the value of Xaurum increases over time as the commonwealth increases, other cryptocurrencies do not have any base value whatsoever, Xaurum is unique in this sense. And with Xaurum you can be confident it will always be worth its weight in gold according to the gold/Xaurum history info found in xaurum.org.
Hello, I am a new investor to Xaurum. I could not decide whether to invest in it at first but I realized that the concept is quite revolutionary. That being said it wasn't that simple to come to this conclusion due to the following issues which I think you should fix/add. 1. This website link is broken http://auresco.aurumproject.io/ (which gives investors the feeling that the developers for the project have abandoned it) Along with the website broken so are other things in the menu such as the goldmine link. 2. I'm not saying the main page does a bad job in explaining things I am just saying that the wording is not very good, for example in the main page it says "Good Delivery" refineries, which doesn't sound very professional, (not sure if it was a translation issue) it should be changed to something like "Certified Refineries" and have a link that can be clicked on which leads to a page which explains what this exactly means, allowing for more investor confidence. 3. Press links should be updated, last doesn't really work it seems broken. 4. The xaurum.org/allies page doesn't really contain any useful information. 5. There are two twitter pages, for Xaurum @urumproject and @XaurumOfficial which one is it going to be? I say delete @urumproject, if you don't own the page ask for it to be taken down to the owner/twitter 6. Overall use more professional wording in twitter and other social media, this assures investor confidence specifically in English speaking countries which are some that contain the most $$$ . Not just professional wording but also punctuation, don't include "!!!" in posts, simply just one is fine! 7. Maybe have an about us page so we have faces to look at and trust? Or scratch that, just a page with the usernames of the developers. 8. An accounting page where it shows us how much the Xaurum developers spend on other things apart from Gold, since there are business trips and offices, which are capital intensive, as investors I think we deserve to know this, I am not against developers spending money to promote the project but I would like to know how much of this is spent. Also a page with the dates of Minting events and the minting results, because this in my experience I could not find anywhere only on social media and bitcointalk, it shouldn't even have to be on Xaurum.org it could be on the auresco website. 9. Offer more advances statistics, for example graphs that show burning of xaurum and things like that. The proof of burn address would be excellent! 10. Overall good job in branding just fix some of the issues I noted, go through your website, check everything is in line, hire an English teacher (pay him and put this in the accounting page) , it will be an excellent investment which will take us to the moon! I have no doubt about it. P.S please don't take this comment as trash talk but rather as constructive criticism that is only for the better of this project! ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) One remark about point 2 "Good Delivery" means a LBMA Good delivery list and it is not a bad translation http://www.lbma.org.uk/the-good-delivery-list Supplier of gold is the Turkish corporation Nadir Metal Refinery which you can find on this list Then the statement "Good Delivery" should have a link to a page where it explains exactly this which you are stating. Very simple, only advanced users as yourself would know this. But remember, we want the average man to be able to use this crypto currency and have immediate confidence upon first glance, we only have one shot to not screw up first impressions from new visitors!
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Hello, I am a new investor to Xaurum. I could not decide whether to invest in it at first but I realized that the concept is quite revolutionary. That being said it wasn't that simple to come to this conclusion due to the following issues which I think you should fix/add. 1. This website link is broken http://auresco.aurumproject.io/ (which gives investors the feeling that the developers for the project have abandoned it) Along with the website broken so are other things in the menu such as the goldmine link. 2. I'm not saying the main page does a bad job in explaining things I am just saying that the wording is not very good, for example in the main page it says "Good Delivery" refineries, which doesn't sound very professional, (not sure if it was a translation issue) it should be changed to something like "Certified Refineries" and have a link that can be clicked on which leads to a page which explains what this exactly means, allowing for more investor confidence. 3. Press links should be updated, last doesn't really work it seems broken. 4. The xaurum.org/allies page doesn't really contain any useful information. 5. There are two twitter pages, for Xaurum @urumproject and @XaurumOfficial which one is it going to be? I say delete @urumproject, if you don't own the page ask for it to be taken down to the owner/twitter 6. Overall use more professional wording in twitter and other social media, this assures investor confidence specifically in English speaking countries which are some that contain the most $$$ . Not just professional wording but also punctuation, don't include "!!!" in posts, simply just one is fine! 7. Maybe have an about us page so we have faces to look at and trust? Or scratch that, just a page with the usernames of the developers. 8. An accounting page where it shows us how much the Xaurum developers spend on other things apart from Gold, since there are business trips and offices, which are capital intensive, as investors I think we deserve to know this, I am not against developers spending money to promote the project but I would like to know how much of this is spent. Also a page with the dates of Minting events and the minting results, because this in my experience I could not find anywhere only on social media and bitcointalk, it shouldn't even have to be on Xaurum.org it could be on the auresco website. 9. Offer more advances statistics, for example graphs that show burning of xaurum and things like that. The proof of burn address would be excellent! 10. Overall good job in branding just fix some of the issues I noted, go through your website, check everything is in line, hire an English teacher (pay him and put this in the accounting page) , it will be an excellent investment which will take us to the moon! I have no doubt about it. P.S please don't take this comment as trash talk but rather as constructive criticism that is only for the better of this project! ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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