[XCT] C-Bit - Elegantly Solving Bitcoin's Blocksize Problem [SHA256][POW]

[jc12345]

You know what.
You're right.
My mistake.
I handled this incorrectly.
I will get with the moderator and figure out how to come back
up on the forum as a recognized individual with authority.
I apologize for my inconsiderate approach to the community.
( By the way, the post is real and from the Founder of C-bit )

That would be good and sooner rather than later.

If you come back with your real account, people can see your posts and the type of person you are from your interaction with the community so far then it will help the coin a lot. The Cbit guy from the first post must do the same. There are too many examples of newbie coins that crash when dumped as soon as it gets listed on an exchange. Most of those guys probably want to hide away not to be found after they have dumped and disappeared. Posex and Gravitybit being recent cases.

i dont know, from a developers standpoint if i were to create a new coin for some reason, i would probably make a new account that represents it and makes it obvious what the account is designated for.

especially if i had an account with like 420 or 69 in it, etc. lol

Nah. If I created a coin I would use my real account to show people that I wont screw them over.

[craslovell]

I don't think the account that's used should matter. If you're going to reveal your real identity that's good enough. Look at Decred, we know a lot of people were involved in Its development for years, but they still did their ANN with a noob account just called "decred"

Substance, intent, and active development/support are the only things that truly matter.

[jc12345]

I don't think the account that's used should matter. If you're going to reveal your real identity that's good enough. Look at Decred, we know a lot of people were involved in Its development for years, but they still did their ANN with a noob account just called "decred"

Substance, intent, and active development/support are the only things that truly matter.

It is possible to do a coin successfully with a newbie account. It is just statistics are against it. Most of the time newbie accounts are used because the dev does not not want to ruin his main account. Imagine if a dev uses his main account (with this I do not mean real identity, just his main account that he has been building up over time). This would improve trust and chances of success greatly. If a dev insists on using a newbie account, then there must a reason for it and then the community will take that into account with their risk assessment. It will be a sword over his and the coins head all the time. Chances are very good for a newbie account that such a coin gets dumped by the dev when listed. Even if a dev has many coins (which is perfectly alright by the way), using his main account will improve trust that he will not just dump and that is all assurance that the community needs.

The risk is that the coin will be listed on an exchange before the things that you mention will happen (development etc.) The dev is going to put everything into the coin in anyways to make it a success right? Then use his main account. It is not an unreasonable request.

[Martens58]

Sorry, Again
Un-documented Alien Founder C-bit
*****************************

Let's all get something perfectly understood from this moment forward.
I'm talking to specific people on the board.

I'm a straight talking guy and I'll say something straight forward here.

This adventure has cost well into 5 figures. And, I mean well into.

If you look at the source code, this is professionally done; and its'
been a bitch. The wallets are professionally done, the pools are
professionally done, and the website is professionally done.
This is not some desktop production by a guy sitting in his parent's
basement. If you can't look at these items and tell the difference,
then your not as bright as you think you are.

I, myself, am a businessman, who was approached to bankroll a group
of Bitcoin developers on this project. I have no former BitcoinTalk posts
to reveal. So, there won't be any forthcoming revelations to the board.
As far as the first poster to the C-bit board, he is a Bitcoin Developer who
does not wish to be known because of his connections to Bitcoin. Simple.
End of story. His past threads will also not be published. There are also
other members of the C-bit team who are members of the Bitcoin
development team. They will remain anonymous too. That is the way it
is going to be. End of story.

If you are worried that we are going to dump our coins, I think you
over-estimate their early value. Even if we owned half of them, and
could get $ .01, which everyone here seems to think is a way-over
valuation, we might get our money back from the investment. Of
course, selling half the coins in existence would crash the price long
before they were ever sold, so you would never average $ .01. So,
I, we, would lose money.

What kind of a scam is that ?

So, my suggestion is if you really think that we are trying to pull a
scam, then the minute YoBit begins trading C-bit, sell your coins and
go on your merry way; and, leave the rest of the community to build
C-bit, so we can rest alongside Bitcoin somewhere down the line.

William Martens
Founder C-bit

[craslovell]

I don't think the account that's used should matter. If you're going to reveal your real identity that's good enough. Look at Decred, we know a lot of people were involved in Its development for years, but they still did their ANN with a noob account just called "decred"

Substance, intent, and active development/support are the only things that truly matter.

It is possible to do a coin successfully with a newbie account. It is just statistics are against it. Most of the time newbie accounts are used because the dev does not not want to ruin his main account. Imagine if a dev uses his main account (with this I do not mean real identity, just his main account that he has been building up over time). This would improve trust and chances of success greatly. If a dev insists on using a newbie account, then there must a reason for it and then the community will take that into account with their risk assessment. It will be a sword over his and the coins head all the time. Chances are very good for a newbie account that such a coin gets dumped by the dev when listed. Even if a dev has many coins (which is perfectly alright by the way), using his main account will improve trust that he will not just dump and that is all assurance that the community needs.

The risk is that the coin will be listed on an exchange before the things that you mention will happen (development etc.) The dev is going to put everything into the coin in anyways to make it a success right? Then use his main account. It is not an unreasonable request.

I get what you're saying. Most miners have the "rush to exchange" mentality though because as mentioned they are looking to dump the coin. I am not.

Also, it is possible someone has been involved in the crypto scene here for a while and has good understanding of code, but also simply doesn't have a seasoned veteran account here on the forums. It's not a pre-requisite of being an intelligent talented person that you have to have been posting on bitcointalk for years..

Also @dev William, you wouldn't happen to be this William Martens through a super simple googling would you?   https://en.wikipedia.org/wiki/William_Martens

EDIT: After your previous post while I was typing this I think my question was answered as no 

[daggerpunt]

I don't think the account that's used should matter. If you're going to reveal your real identity that's good enough. Look at Decred, we know a lot of people were involved in Its development for years, but they still did their ANN with a noob account just called "decred"

Substance, intent, and active development/support are the only things that truly matter.

It is possible to do a coin successfully with a newbie account. It is just statistics are against it. Most of the time newbie accounts are used because the dev does not not want to ruin his main account. Imagine if a dev uses his main account (with this I do not mean real identity, just his main account that he has been building up over time). This would improve trust and chances of success greatly. If a dev insists on using a newbie account, then there must a reason for it and then the community will take that into account with their risk assessment. It will be a sword over his and the coins head all the time. Chances are very good for a newbie account that such a coin gets dumped by the dev when listed. Even if a dev has many coins (which is perfectly alright by the way), using his main account will improve trust that he will not just dump and that is all assurance that the community needs.

The risk is that the coin will be listed on an exchange before the things that you mention will happen (development etc.) The dev is going to put everything into the coin in anyways to make it a success right? Then use his main account. It is not an unreasonable request.

I understand your concern about his Newbie account, but you really should be more respectful. Not every single person that is involved with BTC sits on bitcointalk all day posting on random threads. I'm proud of you for having achieved Hero Member status as I'm sure you worked really hard to attain it. Just by looking at the website and wallets you can tell Mr. Marten did not just slap this thing together willy nilly. Moreover, you can tell by his use of the English language and his firm tone that he is serious about what he is doing. Please do not bring your childish petty rants into this thread anymore because it will only make you look like a fool.

[donnyespo]

Sorry, Again
Un-documented Alien Founder C-bit
*****************************

Let's all get something perfectly understood from this moment forward.
I'm talking to specific people on the board.

I'm a straight talking guy and I'll say something straight forward here.

This adventure has cost well into 5 figures. And, I mean well into.

If you look at the source code, this is professionally done; and its'
been a bitch. The wallets are professionally done, the pools are
professionally done, and the website is professionally done.
This is not some desktop production by a guy sitting in his parent's
basement. If you can't look at these items and tell the difference,
then your not as bright as you think you are.

I, myself, am a businessman, who was approached to bankroll a group
of Bitcoin developers on this project. I have no former BitcoinTalk posts
to reveal. So, there won't be any forthcoming revelations to the board.
As far as the first poster to the C-bit board, he is a Bitcoin Developer who
does not wish to be known because of his connections to Bitcoin. Simple.
End of story. His past threads will also not be published. There are also
other members of the C-bit team who are members of the Bitcoin
development team. They will remain anonymous too. That is the way it
is going to be. End of story.

If you are worried that we are going to dump our coins, I think you
over-estimate their early value. Even if we owned half of them, and
could get $ .01, which everyone here seems to think is a way-over
valuation, we might get our money back from the investment. Of
course, selling half the coins in existence would crash the price long
before they were ever sold, so you would never average $ .01. So,
I, we, would lose money.

What kind of a scam is that ?

So, my suggestion is if you really think that we are trying to pull a
scam, then the minute YoBit begins trading C-bit, sell your coins and
go on your merry way; and, leave the rest of the community to build
C-bit, so we can rest alongside Bitcoin somewhere down the line.

William Martens
Founder C-bit

Thanks for the info and clarifying some things.

[CryptoRekt]

Sorry, Again
Un-documented Alien Founder C-bit
*****************************

Let's all get something perfectly understood from this moment forward.
I'm talking to specific people on the board.

I'm a straight talking guy and I'll say something straight forward here.

This adventure has cost well into 5 figures. And, I mean well into.

If you look at the source code, this is professionally done; and its'
been a bitch. The wallets are professionally done, the pools are
professionally done, and the website is professionally done.
This is not some desktop production by a guy sitting in his parent's
basement. If you can't look at these items and tell the difference,
then your not as bright as you think you are.

I, myself, am a businessman, who was approached to bankroll a group
of Bitcoin developers on this project. I have no former BitcoinTalk posts
to reveal. So, there won't be any forthcoming revelations to the board.
As far as the first poster to the C-bit board, he is a Bitcoin Developer who
does not wish to be known because of his connections to Bitcoin. Simple.
End of story. His past threads will also not be published. There are also
other members of the C-bit team who are members of the Bitcoin
development team. They will remain anonymous too. That is the way it
is going to be. End of story.

If you are worried that we are going to dump our coins, I think you
over-estimate their early value. Even if we owned half of them, and
could get $ .01, which everyone here seems to think is a way-over
valuation, we might get our money back from the investment. Of
course, selling half the coins in existence would crash the price long
before they were ever sold, so you would never average $ .01. So,
I, we, would lose money.

What kind of a scam is that ?

So, my suggestion is if you really think that we are trying to pull a
scam, then the minute YoBit begins trading C-bit, sell your coins and
go on your merry way; and, leave the rest of the community to build
C-bit, so we can rest alongside Bitcoin somewhere down the line.

William Martens
Founder C-bit

Thanks for the info and clarifying some things.

Thanks for being straight forward. This is a very rare sight in the crypto world

[elitemobb]

Sorry, Again
Un-documented Alien Founder C-bit
*****************************

Let's all get something perfectly understood from this moment forward.
I'm talking to specific people on the board.

I'm a straight talking guy and I'll say something straight forward here.

This adventure has cost well into 5 figures. And, I mean well into.

If you look at the source code, this is professionally done; and its'
been a bitch. The wallets are professionally done, the pools are
professionally done, and the website is professionally done.
This is not some desktop production by a guy sitting in his parent's
basement. If you can't look at these items and tell the difference,
then your not as bright as you think you are.

I, myself, am a businessman, who was approached to bankroll a group
of Bitcoin developers on this project. I have no former BitcoinTalk posts
to reveal. So, there won't be any forthcoming revelations to the board.
As far as the first poster to the C-bit board, he is a Bitcoin Developer who
does not wish to be known because of his connections to Bitcoin. Simple.
End of story. His past threads will also not be published. There are also
other members of the C-bit team who are members of the Bitcoin
development team. They will remain anonymous too. That is the way it
is going to be. End of story.

If you are worried that we are going to dump our coins, I think you
over-estimate their early value. Even if we owned half of them, and
could get $ .01, which everyone here seems to think is a way-over
valuation, we might get our money back from the investment. Of
course, selling half the coins in existence would crash the price long
before they were ever sold, so you would never average $ .01. So,
I, we, would lose money.

What kind of a scam is that ?

So, my suggestion is if you really think that we are trying to pull a
scam, then the minute YoBit begins trading C-bit, sell your coins and
go on your merry way; and, leave the rest of the community to build
C-bit, so we can rest alongside Bitcoin somewhere down the line.

William Martens
Founder C-bit

Where is the "Like" button...

[sunerok]

Sorry, Again
Un-documented Alien Founder C-bit
*****************************

Let's all get something perfectly understood from this moment forward.
I'm talking to specific people on the board.

I'm a straight talking guy and I'll say something straight forward here.

This adventure has cost well into 5 figures. And, I mean well into.

If you look at the source code, this is professionally done; and its'
been a bitch. The wallets are professionally done, the pools are
professionally done, and the website is professionally done.
This is not some desktop production by a guy sitting in his parent's
basement. If you can't look at these items and tell the difference,
then your not as bright as you think you are.

I, myself, am a businessman, who was approached to bankroll a group
of Bitcoin developers on this project. I have no former BitcoinTalk posts
to reveal. So, there won't be any forthcoming revelations to the board.
As far as the first poster to the C-bit board, he is a Bitcoin Developer who
does not wish to be known because of his connections to Bitcoin. Simple.
End of story. His past threads will also not be published. There are also
other members of the C-bit team who are members of the Bitcoin
development team. They will remain anonymous too. That is the way it
is going to be. End of story.

If you are worried that we are going to dump our coins, I think you
over-estimate their early value. Even if we owned half of them, and
could get $ .01, which everyone here seems to think is a way-over
valuation, we might get our money back from the investment. Of
course, selling half the coins in existence would crash the price long
before they were ever sold, so you would never average $ .01. So,
I, we, would lose money.

What kind of a scam is that ?

So, my suggestion is if you really think that we are trying to pull a
scam, then the minute YoBit begins trading C-bit, sell your coins and
go on your merry way; and, leave the rest of the community to build
C-bit, so we can rest alongside Bitcoin somewhere down the line.

William Martens
Founder C-bit

Where is the "Like" button...

:slow golf clap:

i've still got a little hash pointed at this and will continue to watch. ill reach out to yobit again and bleutrade as well.

edit: having some good luck on superninjapool and alpha

[bitwonder]

the block explorer seem not working right, stuck at 26916 since yesterday.

[Martens58]

the block explorer seem not working right, stuck at 26916 since yesterday.

I'll have the team look at that right away, thanks for pointing that out.

[bitwonder]

the block explorer seem not working right, stuck at 26916 since yesterday.

I'll have the team look at that right away, thanks for pointing that out.

hello there sir, how are you do today.  to tell the true i love the guy in the matrix and i did change my name to Anderson, it been 8-10 years now. just took the red pill since you launch the coin, you know what it mean.

[Martens58]

the block explorer seem not working right, stuck at 26916 since yesterday.

I'll have the team look at that right away, thanks for pointing that out.

hello there sir, how are you do today.  to tell the true i love the guy in the matrix and i did change my name to Anderson, it been 8-10 years now. just took the red pill since you launch the coin, you know what it mean.

It took me about 6 weeks to write that "Vision" introduction.
I was one pretty pissed off individual when I finished.

[OSMIUMCOIN]

When exchange XCT 

[coisoetal]

When exchange XCT 

Hum... well the coin is less than a week... why are you in a rush? just relax dude... let the things happen!

[Martens58]

the block explorer seem not working right, stuck at 26916 since yesterday.

I'll have the team look at that right away, thanks for pointing that out.

The Block Explorer is back up and running.

[Belligerent Fool]

Just to let you guys know that if you have C-Bit installed on your computer with its roaming files in the same section as bitcoins then it will cause major errors.

I updated to Bitcoin 0.12 & instantly error'd & tried everything to get it to work, that is until I seen what folders had been accessed & what dates and the most recent one was C-Bit.....

Bitcoin was trying to get info from C-Bit in the roaming folders...

I guess the devs forgot to edit some stuff out of the code

[Martens58]

Just to let you guys know that if you have C-Bit installed on your computer with its roaming files in the same section as bitcoins then it will cause major errors.

I updated to Bitcoin 0.12 & instantly error'd & tried everything to get it to work, that is until I seen what folders had been accessed & what dates and the most recent one was C-Bit.....

Bitcoin was trying to get info from C-Bit in the roaming folders...

I guess the devs forgot to edit some stuff out of the code

We'll look into that. Like I said, this is a very complicated
endeavor and you can't catch everything.

[djselery]

Just to let you guys know that if you have C-Bit installed on your computer with its roaming files in the same section as bitcoins then it will cause major errors.

I updated to Bitcoin 0.12 & instantly error'd & tried everything to get it to work, that is until I seen what folders had been accessed & what dates and the most recent one was C-Bit.....

Bitcoin was trying to get info from C-Bit in the roaming folders...

I guess the devs forgot to edit some stuff out of the code

We'll look into that. Like I said, this is a very complicated
endeavor and you can't catch everything.

hmm, running multiple wallets on one comp in the same folders.... what did you learn?

on a side note i see mining has leveled out as rewards are steadily decreasing into nothingness. pretty sure this coin is going to explode when it hits the market.(after day 1 miners unload some of there massive stash of course.)