Hey shojayxt, nice to see you back around here. You are at least respectful when you post and will have a dialogue when you state your concerns. But as I believe I have mentioned before to you...

Bitcoins POW is what limits it to just cover remittance payments. Any crypto can be used as such, its just sending value digitally. However, it makes sense to use bitcoin for this huge part of the business since it is by far the most established crypto (duh). But, POS allows the situation to change in terms of financial services that can be offered. (1) an interest bearing savings account. Using the coins you have to earn interest. Please if their is a mathematically safe way you could provide the service using bitcoin im sure you will have yourself a hell of a project you could start. (2) P2P lending. This one a case could be offered that bitcoin could be used to fill the role, however, POS still is a better option. Just staking part of the original loan amount can help with repayment, not to mention a loan based solely on the principle taken and being used for staking. Offering a POS coin with these two things you could start valuing the coin in terms of the amount being used for interest in savings accounts and the debt held in loans, how do you begin to value bitcoin?

No problem, I love interacting with active devs! Continue your hard work!

Great work dev! Just downloaded the V3.5 win-wallet and it looks amazing! Only thing I noticed is hovering over the twitter bird it reads "Like us on Facebook" and when over the facebook f it reads "Follow us on twitter", they connect to the social network that is pictured. Haha no biggie, just something to think about.

Yes Alex I was also in the slack group too, I didnt want to say your full name if you didnt want it out but I wanted to say enough so that you would know I was there too. Let me introduce myself properly. Hello, my name is Austin Campbell. I dont think we ever introduced ourselves to each other.

First off Ill say that I do think Dr.Mike should just re-pay your BTC. Especially if that is all you need to end this. Yes, it doesn't help the credibility of the coins he promotes if he will welsh on his return. I dont think that you can relate this to paycoin though...

Honestly, even if they had delivered their promises I don't think they would of been able to actually grow the user base...Their plan was to get people already banked to use their platform, and they really didn't have any financial services. Really just allowed for easy shopping. And to top it off they started with a crazy high evaluation...$20 a coin with no tech developed; $20 a coin * what 13 million coins = over $250,000,000! And the coins were distributed incredibly unfair, I personally had 75 xpy after the hashpoint conversion, $1500 evaluation for very little put in...luckily I got out at above the $4 HP conversion rate so I at least got back from not mining btc for a couple months.

Also, I think as XBS grows its user base that the multi-staking (interest bearing savings account) and P2P lending will quickly grow in use...Which will give XBS value. Right now the price goes down because their isn't buy support and most holders are strong hands that will be picking some more XBS periodically until the exchange opens. But again, that is the key for XBS price...The non-crypto people using the financial platform.

Also, It doesn't appear that your in the Slack channel for Bitstake...I would highly suggest you join, It might put your mind at rest about some of your concerns about the project.

Are you blind and anosmic?

It seems like your beef cryptohound is with Dr.mike and not XBS. If you still have faith in XBS, then could you see how your posts in the XBS Ann thread might hurt and damage the XBS name? I understand that Dr. mike hasnt given you your refund yet like he had advertised but fueling the fire on a coins Ann page when FUD comes up can have detrimental consequences to a communities moral. I don't have beef with you cryptohound (or your initials A.K. if im not mistaken, Yeah I was in that slack group with you too when this first came up) but could you try a more discrete approach to get your refund back, like through PM with dr.mike? My personal experiences with the bitstake team and talking to them one-on-one I still believe them to be very legit and very hard working. Honestly dr.mike you should just give the refund and hope that cryptohound will not make the connection that somehow XBS is a scam that is connected to you? sorry if that isnt your exact view cryptohound but that is kinda what it seems.

Agree with that! But to continue...

Have you actually been on the site and checked it out? Or in the Slack channel? Again, maybe this is because your a btc guy but they dont really care about btctalk. How many Nigerians are on btctalk? In stead of spending time on here debunking people whose only proof of "scam" is that promises made by other devs or projects "sorta" sounds like bitstake. Except they have done alot more than what the other projects promised and have explained themselves in slack everytime a deviation from plan has happened. I'd rather they be on Nairaland. If you haven't heard of that before that's a good thing, you really think the target audience of bitstake users are on here?

What is the value that you would put on a coin that you described? Let's say there are about 1.3 MILL coins in existence and stakes at 5% a year. At the moment of launch the entire project's infrastructure is built and placed in your lap with 0 native users. How would you distribute that coin out? What is the value of 1 of those coins, $.01, $1, $242.22? (Sidenote it sounds like from other statements of yours that your belief is only for btc so I would think you might be able to relate to this problem) And this is a start-up company, you took the "start-up" from it. Wouldn't it be better for the value of the coin to grow in value as adoption truly grows?

Jiggy is that a joke, who are the people that you believe will benefit from cryptocurrency? People with bank accounts and already have access to financial services?

And boko haram used to have footholds in the north, luckily the Nigerian army (With help from Chad) is in the middle of a promising campaign to get them out. They have freed hundreds of long held prisoners (mainly women and children) from previous boko haram camps. At least this is my understanding from listening to NPR all day.

*Edit: Thank you shojayxt for that post, maybe we disagree on bitstake at the moment but I can definitely appreciate am informed conversation

What state do you live in with legalized marijuana, and which you base your entire understanding of marijuana law in America on? If you know anything about this subject you should also know that every state (legalized or medicinal) Has their own laws on the subject. Literally for a state to pass anything that moves marijuana out of complete prohibition the STATE drafts its own laws. Thus every state has completely different rules and regulations. Some states are alot closer to crypto usage then others, maybe your state is one of the bad ones. 

I'm done with talking about CANN and their project, this is not the right place for it. However for you to come on to another coins thread just to shit talk a coin that has a very hard working dev team, an excellent adoption scheme, and above all is trying to help give the people who will benefit the most from financial services options that my bank in America cant even touch is sick. Then, to top it off you preach about researching a project before you buy, then proceed to state incorrect research yourself about another great project. I think I know why your here I know I know, this is crypto. I should used to the sick games by now.

XBS is POS, BTC is POW. One of there services is an interest bearing account, so they can save and hold some coins while getting more staked.

The lending platform will also be using XBS for all kinds of loan types, and again, staking coins over the length of the loan period can help with easier repayment of the loan or make low % interest loans.   

And since the exchange hasnt even opened yet, yeah the price doesnt matter. Right now its speculative...its a start-up.

I would guess no...The dev and CEO have been on slack and other mediums being very involved and disscussing future plans for bitstake. Email bitstake support and ask for an invitation to the slack channel, that way you can easily stay up with the newest developments for bitstake. 

And on a different note...


Thanks for sharing this! I also checked out some other D'Banj's work too, he is very good!

Haha If you want to remain ignorant to the project and development plan then go ahead...because everyone knows the day to day price of a cryptocurrency is the only important thing, right? 

Thanks for the update, sounds great!

I donated 100 XBS earlier to bring the total up to 822 XBS. After seeing the community pull together so much today I donated another 100 XBS. This is an amazing step toward introducing XBS to the masses! Everyone please donate what you can spare to help reach the goal!