It's not 1300 sat per XCR, as the buy-in is proportional (someone correct me if I'm wrong). The 1300 sat number is the equivalent BTC value if buying in using BTC. Actually right now it's closer to 1130 due to the BTC bonus, rising to 1300 by the end of the ICO.

So basically, if you assume BTC people will buy up Lisk, it's actually smarter to hold a little while (if you want to sell some XCR). Or at least, I see no reason why people should sell it below 1000... although I don't mind so much, as I caught some cheap XCR over the past couple of days.

Worst case, which is hardly ideal, if just sorta stuck in limbo and not even on the blockchain, you could try to get the withdrawal cancelled. Then sell on Bter (which in the past would sometimes give you better selling prices, albeit in small volume), then rebuy on Polo (lately evenings have been XCR dump time). You may end up with more XCR than you started with.

I try to avoid bter (I assume most people do) as it seems like they are almost like a closed exchange. Coins go in, but they don't come out again (besides btc, which at least seems to work right now).

Check the blockchain and see if they were actually moved. I had that problem a couple of weeks ago too (moving from bter to polo). I got it solved by opening a ticket on polo and giving them the info on it.

I'm not sure if every XCR holder realizes this, but for all intents and purposes, after the ICO, the new XCR is Lisk.

Lead dev/coder of XCR will be an adviser to Lisk, two members of foundation running Lisk, and the rest of the foundation members will just go their separate ways. XCR probably won't survive more than 6 months after the ICO (unless someone else takes control of it). This isn't rumor stuff by the way, it's all in their chat logs and posted to the public.

I can see XCR people being angry, but if you hold any XCR, it's counterproductive. Either convert to Lisk, or sell your XCR pre-during the ICO. Of course those who sold their XCR already may wish to go into fud/troll-mode if they want to buy into the ICO cheaply (cheap XCR to convert then).

XCR won't have much of a future past the ICO, so guess that would be a plausible reason.

There is no reason not to swap it over to Lisk ... even if for whatever reason you change your mind, you have like 30 days to simply swap the Lisk back over to XCR.

Okay, don't go into full on crazy hype mode there... it can be counterproductive. It's not dump ETH, Go Lisk, especially with how well ETH has been doing lately. I strongly agree with hoertest, coins considering others rivals, then trolling back and forth, is just annoying to everyone... and it doesn't matter anyway. Not like if ETH goes down, Lisk goes up (and certainly not the reverse).

Instead point out how well ETH is doing and how there is room for more than one smart contract currency. Competition is fine, but right now nobody knows about Lisk, while ETH is going insane. Use that to your advantage... the better ETH does, the more interest there could be in Lisk.

I see no logical reason why the price of XCR would go above Lisk ICO valuation during the ICO. I mean, why would someone pay more for a coin that is going to be replaced with another coin? Someone correct me if I'm wrong, but for all intents and purposes, post ICO, the new Crypti is Lisk.

Route to go is either sell your XCR for BTC pre/during the ICO, or convert over to Lisk. Just holding XCR after the ICO would seem to be the ship captain's choice... go down with the ship.

I wondered what your motivations were. Even an angry XCR holder wouldn't go into full-blown troll mode, as it'd be counterproductive. Their escape route would be either to sell their XCR pre or during ICO, or convert to Lisk. Trying to bring down the price of XCR via trolling wouldn't make sense if they wanted to sell, and going all anti-Lisk wouldn't make sense if they planned to convert over.

So guess you are taking on the role of crusader for a coin you don't even own anymore and aren't involved with.

You do realize that if the ICO can get volume up to support the selling of 7M coins, it means it was very successful, right? I don't think anyone here cares if the original team sells their coins down the road. It would just mean there is a ton of outside btc interest in the new coin.

That is partially the reason why. The other big one is sort of simple... the ICO is still like 2 weeks away. Buyers will bide their time and hope to get the best prices. If there is a ton of BTC interest in the project, prices will rise during the next two weeks... guess it's one way to gauge interest in the project without even having to look at direct ICO purchase info.

It won't really be 1300 until the last week of the ICO. True value right now is around 1130, due to BTC purchase bonus.

I expect folks won't buy up to 1130ish, or even close, until the ICO is better known and closer to the ICO date. That assumes there is outside btc interest in the ICO. In the meanwhile, expect fud/turmoil, as it can be profitable to get people to dump at cheap prices. Ex. Buy at 500-600ish and it's half off ICO prices (more or less).

Either sell them on the exchange, and those who have low buy orders will chomp them up and convert them to Lisk for a profit. Or wait until the ICO and convert them over yourself.

At a 1300 conversion rate, it seems fair to me (or 1130 considering 1st week btc bonus).

Info on their Lisk blog (just google it, I don't like to put links as some can be paranoid about clicking links).

I believe it starts Feb 22, and according to their blog, not all terms are necessarily set in stone. I expect the 1300 rate to be pretty set, however, as they mentioned it before they even put up the more detailed ICO info.

There is also a refund period, so there really is no reason to not convert it over. Choice is either sell or convert.

Actually he'd still be better off with the conversion even if the ICO goes through the roof, as that extra BTC invested would logically lead to better marketing, better devs, and a much higher price. Or worst case, a ton of buying pressure/interest after the ICO.

The potential problem with the ICO is if it doesn't bring in a lot of BTC. Then XCR people will have a higher stake (at least compared to if the ICO did super well), but not enough volume/interest to cash it out.

See, now this just comes across as FUD/Trolling.

Valid criticisms of any coin should be welcomed. Comments like that one just become noise, and results in people discounting anything you say... including valid opinions.

Of course with the way the ICO is structured, I expect to see some FUD regardless, partially from angry XCR people, partially from those who want to see XCR people dump ... so they can pick up cheap coins to convert. But no reason to go the trolling route if you have real comments to make.

What two teams? The XCR foundation are supporting Lisk. There won't be two groups after the ICO, it'll just be Lisk, really.

Whether that is a good or bad thing is up for debate. But there is no feasible way for XCR to survive after the ICO. It's a choice of either selling your XCR to others (who logically will trade them in for Lisk) or converting Lisk yourself. Just holding onto XCR past the ICO makes no sense at all.

As for no community, that really was the problem with XCR all along. If the ICO can get outside investors, then it has a chance. If not... there will be a lot of Lisk dumping post-ICO.

Question I have is, why would a fund raiser to develop the DAPP store be any more successful than a brand new ICO for the forked coin? I mean, sure it could have been successful, or alternatively thought of as a warning sign that the team was out of money (as apparently it was)... and made things even worse. With a brand new ICO, it seems like there would be a better chance of bringing outside money and getting more marketing exposure out of it.

As for asking for more money.... umm... so what? I have no problem with teams/devs wanting compensation for their work. Now of course if it's something shady, giant hidden premines or outright scams, not so good. But a dev running a ICO, so what?

I haven't followed XCR that closely, although I was in on the ICO ages ago. But your posts are beginning to come across as sour grapes/fud rather than intelligent arguments or warnings.

Issue with a coin copying another in cryptoland? From an outside perspective, I understand that fully, and it seems really weird how everything is open-sourced in crypto. But that's just the way it is. If there were no copies, there would basically be no alts at all.

As for 'the thief' emptying the treasury, it's not like XCR was thriving and chugging along fine. If XCR didn't fork now or try some method of obtaining more funds, how much longer could it have even survived?

In a way, a lot of complaining sounds like sour grapes... they did the ICO before XCR attempted another one... rather than valid arguments.

Now if you want to get into real arguments against the ICO here, you could point to the inherent risk. It'll only work if they get enough btc/eth from outside investors. Otherwise too many XCR people will dump, and there won't be enough btc to support the price or development after the ICO. It's possible to do (look at ETH), but also very iffy.

Yep, although for those who don't want to participate, it still makes no sense to dump at current prices. I don't expect BTC people to chomp up XCR for a 3% additional bonus, but at 1000ish, it would still make sense for them. Especially as the ICO winds down. Then the question becomes how many XCR people are willing to sell at that price, or instead move to Lisk (assuming there is outside BTC interest in the project, which I expect there will be).

I just expect most people haven't read the blog or are using emotion to trade... like those who dumped XCR down to 600ish after the news first came out. They were just throwing away money.

Yes, of course. And for a small difference, it's probably not even worth the trouble for ICO buyers. Just an observation on current XCR prices and what the true value will be during the ICO. And also how it makes no sense at all for XCR people to dump their coins into the 700-900 range.

Okay, assuming I am reading things correctly on your blog, the first week btc bonus is 15%. So 15%, 10%, 5%. Not too bad for XCR people (actually expected it to be a bit worse for us).

That brings the true ICO equivalent to around 1130 sats (first week only), and increasing 5% the following two weeks, eventually hitting 1300. Seems fair to me.

For those currently selling their XCR then, they really shouldn't be dumping it at the < 1000 sat level. Assuming there is interest in this project, it'd make more sense for BTC people to buy up XCR and so long as it's less than 1130, and it's a better deal than paying in BTC.

Correct me if I'm wrong, I'm half-asleep as I look over the blog.

The one odd thing though is that you accept ETH too. How would that rate be calculated? Choosing a price there would be somewhat arbitrary.