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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [XTC] TileCoin| IoT (Internet of Things) bitcoin blockchain - ĐApp on: December 12, 2014, 03:56:59 PM
After seeing how Bter are involved in the BAY scandal over the last few days, I've dumped my XTC and withdrawn from the exchange. This is on the suspicion that bter have done the same to XTC's (and likely UNITY, XCR) IPO as they did to BAY and because of this should not be trusted. By this I mean bter bought the IPO with btc that did not exist, which, after watching how the IPO sold out, has been something I've suspected for a while.

This is no fault of the XTC team, and if there was a way to withdraw XTC from bter then I would have; until there is clarification about what bter has been doing I won't be using the exchange. I will rebuy as soon as the coin is listed elsewhere, but holding it on bter is simply too risky right now.

I have full support for XTC and the devs and do not mean to FUD the coin, only raise awareness about Bter's very questionable behavior as of late.
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Crypti | XCR | Ͼ | 3 PoS algorithms | Ed25519 | 2nd Gen Source on: November 12, 2014, 04:04:30 PM
Let's be real here PoT isn't gonna matter if someone beats you to CMBs anyway...

My biggest fear is not time or waiting. My biggest fear isn't that Node is bigger or that nobody is buying XCR.
My biggest fear is that someone creates an equivalent to CMBs then all this wait has been a waste of time.
But the only way to make the XCR developers understand my point is if someone would launch a coin tomorrow that has a equivalent to CMBs.
Which is a really sad way of demonstrating my point. Then they'll get that wake up call but it's too late.
 
ETH has something somewhat similar, and they got several milion dollars, I already said the only upper hand that XCR has versus them was time.
Ethereum will have so much money they can hire 15 highly skilled developers without flinching to start building on their platform.
The only edge XCR will ever have is time, if we can get going something before ETH gets out that's what we got.
Time is being wasted here and if it's not ETH it's someone else will run you over in this competitive market where a week is a month.


Riddle me this: Is it a riskier play to release CMBs without PoT for a couple weeks (the risk is that someone quickly cathes up on CMBs while you on PoT).
Or is it a riskier play to spend weeks on PoT then finish up CMBs with the risk of someone doing CMBs before you or while everyday you lose the only advantage you have vs ETH which is time?


Agree completely - the main reason I invested in XCR was the CMBs. If the team fixate too much on PoT and end up delaying long enough for another coin to beat them to it then i'd consider this coin a failure. Why is so much work being done on PoT and not CMBs anyway? We've been told repeatedly that's it's close to being finished but progress just never seems to be made.
3  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Crypti | XCR | Ͼ | 3 PoS algorithms | Ed25519 | 2nd Gen Source on: October 16, 2014, 10:31:41 AM
Thank you whoever dumped it to an all time low last night Smiley

Now my bag is almost 2 million XCR. I still have full faith in the project!
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN][XCN] Cryptonite | 1st mini-blockchain implementation | M7 PoW on: July 21, 2014, 08:20:56 PM
Ok after carefully considering all your concerns about the total coin supply we decided to do something about it. We had several options but ultimately we decided not to lower the total coin supply, instead we decided to stretch out the time it takes for all the coins to be mined. So instead of having a 10 year half life, we have increased it to 100 years, meaning it will take 100 years before half of all the coins are mined. That should mean about 1 billion coins mined in the first year.

There are several reasons we decided to take this approach, first of all it's the easiest, and it mimics the same type of coin scarcity we would get simply by lowering the total coin supply. Secondly, this type of ultra long mining period will ensure a very fair distribution of coins over a very long period of time. Thirdly, a it's a more organic solution to the problem because we don't have to mess around with any constants and it comes with some advantages such as fairer distribution.

Thank you for doing this. Nice to see such a compliant dev in the midst of all these scams. The coin should do very well. Smiley
5  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN][XCN] Cryptonite | 1st mini-blockchain implementation | M7 PoW on: July 21, 2014, 07:58:30 PM
The massive coin supply is a problem for one reason; It's difficult to trade. At the lowest possible price (1 satoshi) the coin's cap would be 1840btc. Any increase from there would give all owners a 100% gain - not stable growth at all - as there is no way to trade in smaller intervals unless you use litoshi markets. That's a bad idea because it requires people to buy LTC just to trade this coin, which many smaller alt exchanges do not have the liquidity for. The result is no one trades the coin. I'd suggest cutting the cap down to 10 Billion at the most.

Love the coin's concept. Please don't let a huge supply kill it before it even has a chance.
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