The recent activity on Poloniex is great and the Poloniex Troll box is always fun. So I try and keep on eye on what is quoted about XBC.
The following is taken from the Poloniex Troll box.
http://www.polonibox.com/?messageText=xbcMost of what is said is just users trying to create hype. But there are few posts that I thought might be worth addressing.
mektanec -
2016-09-11 01:16:15 -
XBC devs hold 17.5% of the supply and admit they dump the 10%pa interest, it's 2+ years old so they would have more than polo sell order book by now. XBC devs do not hold any coins ! There is 14,000 in an escrow account held by Poloniex. These are community coins. They cannot be sold by anyone without the community’s permission. There are 3 conditions as per the Sustainability Plan.
○The community agrees to a final decision via votes, polls, feedback, etc.
○The majority of the team agrees to the decision
○Poloniex verifies the withdrawal with each member of the team
With regards to the 10% pa comment. The 10% pa interest equates to around 220 coins per month. The price of XBC and BTC fluctuates but roughly 45% of the coins are used to pay for maintenance. 30% is kept back each month for wallet updates. 25% is left for team incentives. That equates to around 55 coins. At todays price thats about 0.1 BTC split between 2 people. That is all the team members !
mektanec - 2016-09-11 01:19:33 - also XBC devs could dump into buy order books to 0.00005, though they'd only get 11btc Yes. Because 220 XBC is going to make any difference to the market.......
geuratch11 - 2016-09-11 00:36:28 - xbc 130k cap for smart contract and anonimity never a coin been so undervalueAnonymous yes. Smart Contract ? That’s news to me ?
sofaking - 2016-09-10 22:09:57 - where's BEEF...the uber xbc fomoer? Probably spending the BTC he stole from the XBC community several years ago when he took XBC from a joke of a coin to an even bigger joke. Keep him well away from XBC please.
cryptoloot - 2016-09-10 08:27:22 - etoque, xbc is a scam as well, stay far far away PM us any questions. Agreed. It
WAS a scam in the early days. But not anymore. Different team. Been a very stable coin for a while now.
etoque - 2016-09-10 09:19:33 - somestranger, and people are against that XBC dev got 10% of block reward? lol it prove it legitI didn’t really understand this comment. Hopefully the question has been answered earlier in the post.