Oh no, someone's buying all the XC from that poor whale  It was a whole bunch of sharks in a feeding frenzy. Or NFL players. |
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I really dont understand the thinking behind that 70k sale wall at .0015.. There was so much more profit to be made on that
Meh, who cares. He's out. It's ripping again. Now everyone knows not to put a sell wall up unless you really want out. |
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Someone just bought 80 btc of XC in one bite. GG  It must have been one of those NFL players.  |
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I know I will look like stupid but what wall you guys are talking about?
There was a 100+ BTC sell wall on Mintpal, but down to 82 now. If I had anything left to invest I'd take out another chunk. took a chunk out to see if it was fake or real wall maby he forgot about it ( or its real ) most likely real its hard to sell that amount wen the price is way higher so better sell now ( maby ) who knows I'm sure it's a real order. He wants out. |
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Since it feels like a dirge in here and we are all just watching the drama and hoping that an electromagnetic pulse wipes out everything until evan and the team are ready with a bulletproof RC4 what do you think would happen to alt cryptos if BTC shoots to $10000 over the next month? People will cash out sure. But there will still be demand? A lot of coins will be wiped out but a few will remain. And then 1 satoshi will mean something. Historically, higher BTC prices have been favorable to the alt coin market. The biggest alt coin pumps happened when BTC shot over 1k. |
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It's not going on the NASDAQ yet. Calm your hormones. They just made a filing. "Although the brothers are making progress and the ETF is starting to take shape, it is still too early to talk about a possible launch date." |
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doesn't mean this wasnt enevitable b.t.w. sorry to disrupt this valuable review of proceedings mike (I did defend you b.t.w.) but "enevitable" is spelled with an "i". No you didn't?  |
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Daily StochRSI indicator showing that DRK market is in the extreme end of oversold.  Just pointing out the obvious here. FYP |
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My opinion on DACs and project development: Everyone needs to keep in mind that as of right now, not one developer has successfully created a DAC. Bitshares is still in testing and it won't even be fully functional when it's released. Etherium and other 2.0 projects are still vapor. All except one, but I won't mention it here because I don't want to be accused of hyping and as of right now I'm the only one that considers it a DAC . The closest so far is one gambling style coin, but it's not fully decentralized. My point is that this project as well as other 2.0 projects have a high probability of failure. This is not a reflection on Barwizi, it's just the way it is. A failed project doesn't make something a scam, and certainly not a project that has never been done before. What I do ask from Barwizi is more transparency in the forum about what you are considering as a development idea and any progress made. Don't worry, nobody is going to steal your idea. Obviously, it's not that easy to make DACs.  After we clarify the general fund accounts and the premine of course. |
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First thing is there were definitely giveaways from the premine. It's in the original thread and I personally remember discussing the giveaways from the Bitshares forum. I remember being annoyed that I missed it. Re: NRS « Sent to: JakeThePanda on: February 26, 2014, 09:20:46 PM » « You have forwarded or responded to this message. » ReplyQuoteDelete Quote from: JakeThePanda on February 26, 2014, 09:02:25 PM How much were you giving away per person? I didn't get any given to me. i gave away a total of ~ 10k, you'll notice it has dried up now. lol --Bar-- PiNEJGUv4AZVZkLuF6hV4xwbYTRp5etWWJ That alone adjusts the premine balance to 240k. |
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Looks like some1 is watchign our Forums... this guy has ben hyping XC... he was pumping XC on yahoo in POLO https://twitter.com/CryptoBoh already talkign about the NFL playersThis isn't even close to the biggest XC news so I wish people would stop hyping it. Just because they are NFL players it doesn't mean they are big names and it doesn't mean they can publicly endorse it. It's just ridiculous to make this out to be something bigger than it is. Unless it's official, I think it would be wise to put a lid on this right now. IMO |
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I'm hedged with 4 different coins right now, XC is one of them, is todays growth just a temporary pump?
Everyone needs to understand something about financial markets. It doesn't matter how profitable a company is, it's stock will never go up in a straight line. There will always be profit taking from traders after significant moves. Crypto is no different and therefore XC is no different. Will there be pullbacks from here? Possibly. The higher it goes in one move the higher the probability there will be a pullback. It's just human nature and the psychological factors that impact financial markets, all of them. But XC's overall trend is up, and has been for a couple weeks now. Over the long-term, the fundamentals will win. But, over the short-term many different factors are at play. Yes, the trend has been up, but my point is that not every move has something to do with the fundamentals of the asset. Derail/ Back to XC! |
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I'm hedged with 4 different coins right now, XC is one of them, is todays growth just a temporary pump?
Everyone needs to understand something about financial markets. It doesn't matter how profitable a company is, it's stock will never go up in a straight line. There will always be profit taking from traders after significant moves. Crypto is no different and therefore XC is no different. Will there be pullbacks from here? Possibly. The higher it goes in one move the higher the probability there will be a pullback. It's just human nature and the psychological factors that impact financial markets, all of them. Keep in mind there are many different types of players and not all of them care about the long-term fundamentals. There are liquidity providers that play the spread, swing/day traders that play the charts and fundamental holders, or long-term investors. They all have different strategies and affect the market in different ways. |
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I sent the PR article to some very wealthy people. Straight up hold on this is about to go crazy.
Fantastic! Rev 2 is going to be awesome - and Rev 3 even more so. I think we need to get Dan Metcalf more exposure when he's ready. His name should be mentioned in the same breath as Vitalik Buterin of Ethereum, Dan Larimer of Bitshares, Maidsafe, or any of the Bitcoin 2.0 developers. This is groundbreaking stuff here and he did it first. The significance of what's going on with XC is ridiculously under-hyped. |
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Did XCurrency become the very first Decentralized Autonomous Company/Organization (DAC or DAO)? For those of you that don’t know what DACs are, see the below description from Dan Larimer of Bitshares. DACs may be simultaneously viewed as crypto-currencies and crypto-equities (unmanned businesses). As businesses, they perform services intended to be valuable to their customers. Such services might include money transmission (Bitcoin), asset trading (BitShares), domain name services (DomainShares), or a thousand other business models sure to emerge as people realize that DACs are not mere “altcoins”.
DACs pay for the services they need (like computer resources and bandwidth) with shares of their own company “stock”. They charge for their services using those same shares. Finally, they transfer all profits they earn to their shareholders denominated in those same shares. To the extent that their services are in demand, those same shares will be in demand. Just like a brick and mortar and flesh and blood company.What service does XC provide to it’s customers? Private transactions Who pays the fee for the services? Holders of XC that want to perform private transactions. Who owns profitable shares of XC? Xnode holders own the profitable shares. Who makes the fees from the services rendered? Xnode holders How do you own an Xnode? By owning XC Is it profitable for the owners of the shares (Xnode)? Yes Does the profit get distributed autonomously to Xnode holders? Yes Is the profit distributed with shares of their own company (XC)? Yes Is XC decentralized? Yes Conclusion: XC may have achieved something much more momentous than just anonymous transactions. If what I’m saying is correct, then XC has just beaten out Dan Larimer of Bitshares, Vitalik Buterin of Ethereum, Mastercoin, NXT, and every other significant crypto developer to become the very first DAC/DAO. Any thoughts? Besides what the moon will look like. |
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Well this all started based on the trading of coins that Barwizi voluntarily divulged. Premine was not even brought up until later. If it is not the premine than is there a consensus that all is good? The absurd accusation of a "dump" that never happened is hopefully laid to rest.
There is a premine that is supposed to be used to fund the company. It doesn't matter that he sold 130k NRS if he can show us a balance of 250k NRS or the BTC equivalent. The premine is a fact and should be accounted for. |
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1) We need an addy with 250K NRS or the BTC equivalent to track.
2) We need the BTC mined for the general fund.
This seems like a decent amount of funding to help develop a project.
- Distribute some of the mined btc to the general fund
- Use the rest of the NRS and BTC to fund NoirBank, NoirLotto, NoirHub or whatever we are developing these days and pay the officers
Do all this and we should be back in business with no explanations needed.
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Mario,
There is a 250k premine. Where are those shares? I think that's the question. Is there an address with 250k NRS that everyone can track?
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Barwizi, its also fairly obvious that you invested absolutely nothing and got free shares.
This is factually incorrect. There was no free-riders. Barwizi put up a significant portion of fiat to purchase the miners and fronted the rest. He received shares and the portion that he fronted was paid back in kind when others invested. I agree. if I invest money out of my private assets and later take out again it is not a fraud. but a normal trade I had invested time 2.33%. and I've sold 1% had invested at a better price than me. I am therefore a fraudsters? at the beginning at some point Barwizi once had 100% of GF'funds JFC, everyone is talking about different things. There is NRS and general fund shares. Get on the same page or this conversation is a cluster fuck. no we do not. only get it here no link between the GF's and invest in this Fund no premine dump he has to be sold to invest the GF's. this and I also have paid with PTS or with NRS. or BTC this NRS and its own mining shares. so he came to many NRS so he has 90% of its sale to the private Invests GF holder and they have paid for in part with NRS now he has only 10% If I remember correctly, Barwizi was paid back in BTC. The first NRS was paid into the general fund before the miners were purchased. Some of the first investors paid in NRS. That NRS belongs to the general fund, not Barwizi. |
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Barwizi, its also fairly obvious that you invested absolutely nothing and got free shares.
This is factually incorrect. There was no free-riders. Barwizi put up a significant portion of fiat to purchase the miners and fronted the rest. He received shares and the portion that he fronted was paid back in kind when others invested. I agree. if I invest money out of my private assets and later take out again it is not a fraud. but a normal trade I had invested time 2.33%. and I've sold 1% had invested at a better price than me. I am therefore a fraudsters? at the beginning at some point Barwizi once had 100% of GF'funds JFC, everyone is talking about different things. There is NRS and general fund shares. Get on the same page or this conversation is a cluster fuck. Based on the OP and from what I remember in the original thread in the Bitshares forum, the 250k premine is supposed to be used to run the company. Just because he sold it, it doesn't mean he isn't going to use it to run the company. I remember in the Skype there was a need for liquid BTC to pay for things. 250k seed for corporate development, bounties, salaries, marketing, etc, approved expenses voted on by board members |
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