I've been following this saga from the sidelines.  And this is what I don't understand.

XC sold off the pre-mine (a large portion RIGHT before launching blocknet) then stated they had overlooked giving a detailed account like they promised to begin with.  They promise to come forward with detailed accounting for the funds shortly.

And NOW it appears they have no such intentions.  Rather to quote Dan "There is an organized FUD campaign against us".

It's like - since they think people are being mean to them it gives them the right to ignore their promises of transparency?  The more they can demonize the opposition with character assassination remarks the more they can distract from the failure to honor their word in hopes that with enough time the clamor for transparency will go away (it already largely has).

The "reporting" on this in allowing the XC guy to write an article against the XC "FUD" was as objective as letting Spotniek author an article.  I can't believe the joke reporting that goes on.

I'll just say that based on how "the team" is treating their own commitment and their own community there is much here that no one knows about and that they don't want them to know about.  The PR guys latest attempts at demonizing XC hodlers who've asked legitimate questions has also been beyond impressive.  Very similar to how the Moolah CEO acted.

If you wanted my cynical opinion - I'd say Arlyn's latest sega of going from uber friendly handholding PR guy to the snark on long time hodlers is indicative of the fact that "the team" no longer has anything to gain (or very little) from XC's continued development.  They've sold the pre-mine and now it is a pointless drain on their time that they have to keep up for appearance sake.

Expect a few more releases, things to get quieter in the thread (already started happening) as they try to put the hodlers to sleep quietly.  All without ever having to open source the code.

Then again ... maybe that's just the cynic inside of me talking.  But anyone who hasn't noticed an attitude shift from the XC team hasn't been paying attention.

I'm sorry ... I disagree.

I know you've been optimistic all the way down from .004 but I just think the emission, anon coin bear market, the large botnets who run the majority of the mining ... it could prop up for a month or two for current investors getting more.  But then continue downward to .001 or less.

I think what we're seeing is one whale buying other whales sell orders.  The miners will continue to overcome those small fry people who are accumulating with the emission curve for a few more months (IMO).  If / when they run out of ammo before getting more people on board I think we could see a massive dump down into the 0007 - 0009 range.

Maybe I'm dreaming ... but if that happens I'll be picking more up.  For now my real world fiat needs are getting taken care of.

http://www.coindesk.com/bitcoin-tor-anonymity-can-busted-2500-month/

Granted the nodes aren't TOR.  But it's impossible for me to believe there aren't exploitable holes in a node based mixing service.

Math gives me more confidence for a variety of reasons.  Namely that the method can be more transparently succinctly independently verified rather than thousands of moving parts.

I'm surprised you didn't bring up the blockchain size.  It's probably my biggest problem with ring signatures - the cost of storing the blockchain on thousands of machines as well as the bandwidth is much more expensive per transaction.


Yeah ... dumping tons & tons of coins on "accident" at the beginning to early developers / adopters on purpose might be a net plus for you.  For me it's a negative.  Mostly because those early adopters can rain fire and brimstone on the head of later adopters & profit while doing so.

Profit for targeted incompetence at the expense of current adopters.

I don't have a problem with the rich dumping - but when the rich have ill gotten gains it just doesn't sit so well with me.  Maybe I'm alone in this - time will tell.  But I seriously doubt it.  For all Monero's distribution woes - it looks angelic compared to darkcoin.


A currency needs to be branded as a currency.  Not a darknet fanboys wetdream.  What I mean by this is that the majority driving force of the coin needs to happen because it's a currency - not just because it's anonymous.

Wanna know why the darknet still primarily uses bitcoin instead of an anon coin?  Because they like the currency aspect of bitcoin that no anon alt has.

People need to use it because it's money, it's easy to use, it's got a stable infrastructure, it's got long term value.  Being anonymous should just be one aspect of the proper currency.  Darkcoin sounds like something pimplefaced 17 year olds gather and exchange for random sex acts in black hoodies to feel badass.  Monero ... not so much.

The broader audience where anonymity is one aspect of the currency is where the marketing strength lies (in my opinion).


Haha - a long long time.  Darkcoin has pretty much saturated it's core audience.  Monero has lost (based on pricing) some of it's audience.  I'm betting long on the thin wallet, the branding and cryptonote in general (without a stupid name & a dedicated development team) and a PoW coin that isn't/wasn't a scam.

Congrats to Darkcoin on the instant transactions - I just think with your name, your branding, and your initial instamine you saturated your market long ago.  

It's one of the markets I forsee being weak enough to be sucked into a future coin that has less baggage.  But obviously the price doesn't agree with me right now - so it's all an opinion.

Like I said PER JASINLEE there are no stolen funds anymore.

But that aside even I understand multisig accounts.  There's no reason in the world to give dev unilateral control of funds even if that was your excuse.

What a joke.  He steals millions and you defend him.  Which pretty much guarantees you guys are still joined at the hip.  I suppose he's using you to try to pump his massive Cache hodlings

Block chain math anonymity vs node mixing service.

Instamine scam vs not scam.

The name "Darkcoin" vs "Monero"

Current pricing if both coins are worth the same allows for profit when we are down to 3000 coins a day.  Darkcoin does not.

I wonder what the market knows about that we don't right now. 

Except it's almost half of what it was during bcx fud

I don't know that Warren Buffet is really applicable to altcoins ... seems rather ironic.

What the hell?!  Why blame him?

Are you fucking kidding us?  Because Jasin took our money?  Because no one who is even REMOTELY intelligent gives their developer all access to funding?  Because Jasin promised us updates and there have been absolutely none ... just silence?

Because Jasin now claims (or last we heard) that all funds were returned to him?

Cachecoin was just used as a throw away vehicle for milking bitcoins by selling into the pump and returning worthless cache and you know it.  You're working on a coin you good buddy owns well over half of.

My God ... The scams.  I cannot wait until the SEC starts tearing new assholes into people like you.

I'm going to HIGHLY recommend any lawsuits include looking into the cache/Jasin angle

 

Yeah so you're saying eventual total supply * price overtook dark total supply * price?

Anybody seen bcx? 

Interesting .. so about a million usd.   Guess some of how secure he feels probably depends on other sources of revenue,  btc reserves etc.  

I think when whales feel insecure (btc falls) is when this coin falls.  I actually like it.  My overall amount in xmr might be worth less but I'm leveraged into owning a much larger percent than the whales who were in a 360 when they still felt secure in bitcoin.  My weekly fiat leverages really well right now in comparison to longterm bitcoin hodlers.

I don't follow up to the minute tracking on bit coin prices but it seemed like it was 430 at some point and monero was almost back to 200.

I think a lot of it depends on crypto currency in general.  To be honest I'm surprised monero hasn't overtaken darkcoin by now

I'd be surprised if 16 holds.  At some point that guy is going to pull his wall.

If he's trying to artificially hold the price up he's going to realize he'll eventually get sold thru.  If he's trying to accumulate he'll see he can get it cheaper.

Not sure how many btc RP has but my guess is he's going to lose his stomach if btc keeps falling.

I'm not brave enough to sell my XMR but I see nothing coming but a buyers market till btc turns around, inflation slows and we have a solid wallet.

My guess is it'll turn around fast and dramatically when it does.  But it may be longer than people expect

Just my 02

Lol I own XMR but watching people say "this is the bottom" all the way from 1k on bitcoin makes me chuckle when I see this.

Another whale exits, inflation continues and bitcoin drops to 290 and it could easily half again.

http://www.reddit.com/r/ethereum/comments/2mawf1/ethereum_forks_counterparty/

FWIW Counterparty copied ethereum.  

Ethereum re-created (or tried to) counterparty in 350 lines of code.

Big difference between rewriting and cloning

Doesn't this belong in meta?

I think the missing component missing in price speculation in pricing is total supply = some amount of selling pressure.  In other words - some percentage of hodlers are going to have a reason to sell (say it's 3%).  3% of 6,000,000 coins to sell is much more selling pressure than daily inflation rates.

As supply increases selling pressure from total available supply increases.

Who knows - maybe DB + GUI will bump it back up to the 300's.  I've got an LTCgear payout that I consistently throw at XMR & BBR.  Besides Ethereum it's really the only crypto that interests me.

If math can always be cracked to reveal private information then wouldn't private wallets also be pointless?

In other words if crypto doesn't work to hide stuff then it couldn't hide your private keys ... right?

Just trying to follow the logic here ...

You guys are so cute.  It hurts my head to deal with all the misinformation in your posts but let me try to.



So a team member who didn't contribute anything?  I know Teka talked about his contributions somewhere but I'm too lazy to dig.

LMFTFY


I'm not UnicornFarts (love the name tho)  Have seen him ripping your coin a new hole.  After you losers told me I deserved to lose money I can't say there's much sympathy watching UnicornFarts & his band of merry men bring your coin down to a third of what it was.

I won't even get into the shadyness of the blocknet and the people your noble developer is associated with.  Ripping noobs off of their coinbase purchased bitcoin with empty hyperboll using multiple coins.  I can't say I expected less - just never expected the amount of proof to come out that has.

Anywhere but altcoins & your developer would be in jail.


The XC team has been less than honest about a variety of things.  One of which is changing their story on Jasinlee multiple times.  Their defense of him after he is no longer associated with the coin including "XC Team's full confidence Jasinlee will pay back his ASIC customers" while Jasinlee's ASIC customers are met with absolute silence for three solid months.

Basically means your developers are backing the reputation of a guy who's stolen millions.  In their OFFICIAL statement.  I have no reason to believe that they aren't still in daily communication.

Go look at the price.  Go look at when I warned you to get out of XC - https://bitcointalk.org/index.php?topic=770801.220.

Your "closed source privacy platform" investment is never coming back up.  Everything exciting on the roadmap was moved to blocknet to hype new noobs out of money.  Sorry to be the one to break bad news - but why not look at the people responsible for making you lose money instead of the rdnkj idiot you seem so infatuated with?

I haven't cost you a dime.  You are being tossed out in the street like yesterday's whore and too stupid to see it.

Can someone explain what has changed?  Aren't we still 12 or 13 on market cap just like always?

I own Moneros and have directly donated a larger % of my funds to the development team than you have (albeit fewer of them)

So with all due respect - you have an arrogant condescending approach that does nothing but burn bridges.

I have "put up" - just not thru your good ole boys club.

Don't make the mistake of thinking you or MEW speaks for all of us.