There probably should have been a cap as well so more people can participate.
There are two caps, 750 btc for total fundraising and 10 btc for each account. That is why it is closed because it reached the cap of 750 btc. So you are saying, in theory, there may be only 75 initial investors for to share the entire amount of outstanding coins? You think this is a good/fair distribution? |
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What are you guys going to do about the unfair IPO, which means unfair distribution?
Unfair? There was just over 750 BTC invested in the IPO.... That doesn't mean anything. It was only open for a very short period. Theoretically, 1 person can come in and take up the whole lot. They didn't give an opportunity for more people to find out about the IPO and invest. There probably should have been a cap as well so more people can participate. The thread was open for a whole month before the IPO, there was ample time for people to find out about the IPO. First off, 1 month isn't that long. 2nd, IPO with a cap on the total and no cap on each individual investor creates are horrible distribution. |
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What are you guys going to do about the unfair IPO, which means unfair distribution?
Unfair? There was just over 750 BTC invested in the IPO.... That doesn't mean anything. It was only open for a very short period. Theoretically, 1 person can come in and take up the whole lot. They didn't give an opportunity for more people to find out about the IPO and invest. There probably should have been a cap as well so more people can participate. |
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What are you guys going to do about the unfair IPO, which means unfair distribution?
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Can someone please explain how the USD/EUR integration works?
Please search the word NodePay in this thread, you will get the rough answer. Is there a plan to let US citizens deposit to NodeBank? I don't think US citizens can have an OkPay account. |
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Can someone please explain how the USD/EUR integration works?
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what a nice plan you do dev  Why thank you. So, for everyone who was complaining about the structure and tl:dr, how is it now? Please let me know if there is anything more I can do, if I haven't done enough, etc. I want your feedback. I want it. You didn't respond to my question. You are selling the IPO shares at around 2.4 Satoshis per coin? Correct me if I'm wrong, but with 100 trillion coins, that prices the entire market cap at about $1.5 billion? |
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Be more constructive with your feedback.
Condense the OP into something that people can understand. You are selling the IPO shares at around 2.4 satoshis per coin? Correct me if I'm wrong, but with 100 trillion coins, that prices the entire market cap at about $1.5 billion? |
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Actually, I have not ever created any threads, contrary to what you may believe.
Please make a post with your regular BitcoinTalk account. I think this should be a standard question for the community to ask when it involves an IPO. |
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Staking:
I don't know why people have a hard time staking. I typically unlock my wallet once every couple of weeks and it stakes rather quickly. I think the people that have a hard time staking are people that are impatient and want to stake quickly because they want to sell their coins. It's so simple if you have the patience.
I'm not impatient I just want to know how it works - and to understand what the wallet is telling me which seems to contradict the 8hrs to 30 days story. Perhaps I'm confusing minting and staking? (If I wanted to sell my coins to trade them I obviously wouldn't bother waiting around 30 days just for 0.3% bonus.) Anyway as I understand it I simply unlock my wallet every week and if the coins have staked then it will appear. I don't pay attention to the timer. Pick one night every 2 weeks or so and unlock your wallet. Lock it back up when it's done. Easy game. But how do you keep the network moving if this is everyones plan? Wallets should be unlocked for staking always, or at least have a separate wallet with a portion of your coins to stake and protect the network. I didn't say it was everyone's plan, it's mine. I'm not keeping my wallet open all the time until we figure out how to keep the wallet unlocked and still need a password to send coins. |
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Staking:
I don't know why people have a hard time staking. I typically unlock my wallet once every couple of weeks and it stakes rather quickly. I think the people that have a hard time staking are people that are impatient and want to stake quickly because they want to sell their coins. It's so simple if you have the patience.
I'm not impatient I just want to know how it works - and to understand what the wallet is telling me which seems to contradict the 8hrs to 30 days story. Perhaps I'm confusing minting and staking? (If I wanted to sell my coins to trade them I obviously wouldn't bother waiting around 30 days just for 0.3% bonus.) Anyway as I understand it I simply unlock my wallet every week and if the coins have staked then it will appear. I don't pay attention to the timer. Pick one night every 2 weeks or so and unlock your wallet. Lock it back up when it's done. Easy game. |
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okay i say 20 btc because in the auction one share is about 0.13 - 0.20 btc ... my target and i think you target guys is about 100x my investment ... you dont think it too ?
20 BTC per stake is putting NODE at around #7 on the coin market cap list. It's possible, but not immediately. I would be very happy if it cracked the top 20 within the first month and that puts the value about 2 - 2.2btc per stake. Realistically, it will probably open trading at about 1.5 btc or so. |
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I am staking as well Constantly Once a week since a month. You just need to wait.
Same here. People over complicate how PoS works. Could be anywhere from 8hrs to 30days. Doesn't matter how often you stake either the interest will work out the same over a years time. Exactly, that's why I wait a while before unlocking. |
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Staking:
I don't know why people have a hard time staking. I typically unlock my wallet once every couple of weeks and it stakes rather quickly. I think the people that have a hard time staking are people that are impatient and want to stake quickly because they want to sell their coins. It's so simple if you have the patience.
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Does XC plan on producing their own line of ATMs? or pairing up with an existing manufacturer? BTCPoint or Genesis1 seem like they would be open to it (they already support LTC/DOGE)
XC has partnered with Antoun Toubia and Samuel Selvarajan who are working on cashless Bitcoin/XC ATMs. Here is a quote from one of them earlier in the thread: Also me and Sam own a crowdfunding platform which is Decentralized we will be accepting fund rasing Through XC asap. and we are the first to launch the first two ways bitcoin atm in europe and Uk. soon we will be launching the cashless bitcoin atm from diamond circle which currently we introduced to xc, and they will integrate xc if everything goes right in carding system and atms. the one wallet card holds 9 currencies additional to cryptocurrencies like xc and bitcoin.
For info on the OneWallet card here is a link: http://swiftbitz.com/docs/OneWalletMerchantOpportunities.pdfGlad you asked as I'm sure many people missed this announcement and it's huge. Is this true? How can a piece of news like this be hidden in the thread somewhere. This sounds like big news if true. |
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Are there any other plans for LottoShares, like other games?
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My opinion, among many parity features of XC vs. DRK there is one, 'instamine' that intrinsic to XC, and not intrinsic to DRK. People's psychology does not accept unjust feature such as 'instamine'. You may contradict with 'stake' feature. But to stake coins, one need buy them first, buying is not so psychologically comfortable, as minig on the equipment you already possess.
So I call on Dan to return the mining feature, and let XC be PoW coin again, at least 50% PoW, 50% PoS.
You forget that, for investors, one of the central features of XC is that its money supply is not being continually diluted by mining. So no, we're not bringing back mining. If there was even a hint of something like that I would dump my thousands in a heartbeat....and it would not only be me either. The coin price be under 80K in short order. +1, If you want to read why this is a horrible idea, click on my username and read my post about dilution... Mining coins until 2050 is an ill fated strategy and will not succeed. Take any investible asset and continue to add shares to the mix the price will eventually be walking up the down escalator... Well, PoS also adds coins to the mix. Yes but that is such a small amount that it does not matter much at all in the over all picture. I bought into the coin more knowing that its not going to be farmed mined raped and dumped. To me PoS is the most stable out of it all. Also, if I understand it right, PoS does not make coins, but more or less takes the coins accumilated from transaction fees over the network and that is where the new coins come from... but not new per say... am I right? I am not 100% on that thinking right there lol. I'm pretty sure they are newly minted coins. |
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My opinion, among many parity features of XC vs. DRK there is one, 'instamine' that intrinsic to XC, and not intrinsic to DRK. People's psychology does not accept unjust feature such as 'instamine'. You may contradict with 'stake' feature. But to stake coins, one need buy them first, buying is not so psychologically comfortable, as minig on the equipment you already possess.
So I call on Dan to return the mining feature, and let XC be PoW coin again, at least 50% PoW, 50% PoS.
You forget that, for investors, one of the central features of XC is that its money supply is not being continually diluted by mining. So no, we're not bringing back mining. If there was even a hint of something like that I would dump my thousands in a heartbeat....and it would not only be me either. The coin price be under 80K in short order. +1, If you want to read why this is a horrible idea, click on my username and read my post about dilution... Mining coins until 2050 is an ill fated strategy and will not succeed. Take any investible asset and continue to add shares to the mix the price will eventually be walking up the down escalator... Well, PoS also adds coins to the mix. |
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@ demgains So is seems to me that you have something against other people buying illegal substances using XC, but you are perfectly fine if they only use it for tax evasion, bribes and other illegal financial shit....maybe not but at least that's what I understand.
Here is what I think:
The most important feature of XCurrency is privacy there is no doubt about this and getting it done is surely the number 1 priority.
Second priority is, at least in my mind, creating an environment that would enable spending XCurrency. I understand that introducing xc on the currency cards and ATMs will make it possible to spend it anywhere or exchange it for fiat, but people can do this just as well with bitcoin. For XC there needs to be a different application, specific for anon coins, like an online market.
By market I refer to a completely decentralized online market that would use xc. For such a market to have success a true anon coin is necessary and xc is perfect for that. Otherwise there are little applications that would absolutely require the use of an anon coin. I mean using it to sponsor political parties is great but still...not enough. Also what point is there to keep the records of a online company private (using xc) if the actual business can not be conducted also in a private way (using a decentralized anon market based on xc).
I consider cloak coin as the most important competitor. They are currently working on implementing a decentralized anon feature that might work out just as well as Dan's implementation. If they do achieve this then I belive in a very short time xc will be losing its advantage because cloak will also have their Onemarket service, maybe you have read their whitepaper.
I feel that in the future most commerce will move on the online medium and next logical step after getting rid of financial middlemen, and thus liberating money (as bitcoin and all the other cryptocurrencies have done), is eliminating the ecommerce middlemen (like ebay, amazon and many others).
There is a great deal of bitcoin being transactioned on the dark markets. Those users will most definitely migrate over to the first good implementation of a decentralized market as they are aware that their weak spot is the fact that the markets they transact on are centralized.
Now don't get me wrong, I do not advertise the sale of drugs, child porn, weapons and what not. All of these issues can be resolved through peer reviews or other methods. But the fact still stands: there is a need for such a free market open to anyone and sooner or later someone will make it happen. I only wish that XC will be the one.
So in conclusion I belive that developing such a application should be first priority after anonymity problem is fully done.
I don't think anyone has a problem with someone using XC to purchase anything. What some people may have a problem with is specifically marketing XC for these types of transactions. Once a coin goes down the path of specifically marketing it's use for these types of transactions you can forget about mainstream adoption, IMO. No way a company like Overstock wants to be associated with a coin that directs marketing to the underground economy. If they use XC, fine, but not because of marketing. |
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Announcing the latest version of the XC App: Rev 2.45! Private transactions now only take 4 minutes (instead of 30). This software is beta. Private transaction features are still under testing. However you cannot lose coins on a private transaction. Please back up your wallet.dat before installing, and maintain a backup of your private keys at all times. For help on this, visit the how-to. I would think this would evoke a bigger reaction. Why? Most people following this thread are already in XC. Once XC is officially released with all the features, 100% of the marketing attention should be focused on outside the BitcoinTalk forum. Someone needs to reach out to high profile tech celebs like Ashton Kutcher, venture capitalists, and other industry leaders in technology. |
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