[ANN][XNC] XenCoin | Instant | Stable | Long term Support - New UPDATE!!!

[xenofanesSkarak]

When is the expected release of official exchange.

within 1-2 weeks

     Is it only me who cannot find anything about the Exchange (any sign or trace) or did you see some activities?      
 I still hope that it will turn to good,    
Please dont tell me that I am naive and that unfortunately some people never change (yes it was me who lost 26 LTC in that ugly fraudulent LTC-wallet.com scam.)
      Taking into account all that time and electricity which I devoted to mining with no solid results except having some coins which cannot be unfortunately at this time spent even for lottery or some kind of satoshi dice, makes me a bit sad.     

[gnode]

When is the expected release of official exchange.

within 1-2 weeks

     Is it only me who cannot find anything about the Exchange (any sign or trace) or did you see some activities?      
 I still hope that it will turn to good,    
Please dont tell me that I am naive and that unfortunately some people never change (yes it was me who lost 26 LTC in that ugly fraudulent LTC-wallet.com scam.)
     Taking into account all that time and electricity which I devoted to mining with no solid results except having some coins which cannot be unfortunately at this time spent even for lottery or some kind of satoshi dice, makes me a bit sad.    

Xencoin will probably be a bust. However if the bank opens, it will skyrocket.

Imagine the shock to the cryptocurrency world if it opens?

Maybe, it is cryptsy's bank to trade in us dollars and bitcoins?  Who knows?

Either worth nothing or worth millions. Get ready for the toss of the coin, heads or tails?

[xenofanesSkarak]

When is the expected release of official exchange.

within 1-2 weeks

     Is it only me who cannot find anything about the Exchange (any sign or trace) or did you see some activities?      
 I still hope that it will turn to good,    
Please dont tell me that I am naive and that unfortunately some people never change (yes it was me who lost 26 LTC in that ugly fraudulent LTC-wallet.com scam.)
     Taking into account all that time and electricity which I devoted to mining with no solid results except having some coins which cannot be unfortunately at this time spent even for lottery or some kind of satoshi dice, makes me a bit sad.    

Xencoin will probably be a bust. However if the bank opens, it will skyrocket.

Imagine the shock to the cryptocurrency world if it opens?

Maybe, it is cryptsy's bank to trade in us dollars and bitcoins?  Who knows?

Either worth nothing or worth millions. Get ready for the toss of the coin, heads or tails?

thank you for explanation.
thats the problem so far there is no sign of activities except of that shiny countdown.
taking into account my sense for nonprofitable things ( I sold some of my precious BTC on sunday (exactly right on bottom) because I thought its falling down and I could buy them back later for lower price
so because I am in, odds for skyrocket growth are not very high    
Sometimes I wish I would need to duplicate myself so that I can go away from projects which would choose my duplicated alterego.  

I only investigated so far
http://www.ip-who-is.com/whois/icobank.com
Admin Name........... ANTONIO AGUIRRE
do not somebody live at that place in order to check personally the address?
or is it another toork connected through tor?

[Tony116]

quiet before a big up trend

[Lowlander]

If...

[xenofanesSkarak]

If...

if...
 it is not heading directly to deep deep bottom
it can always go deeper down to abyss

I looked again on http://www.icobank.com/ and on https://www.facebook.com/icobank and on https://www.facebook.com/Xencoins
it looks very nice and professionally done. (I dont want to be so negative thus I edited a litle my original post)
I would immediatelly start to use such an exchange and use it at least because of curiosity.
It looks good, without useless flash animations of young smiling people (which usually means that developers used all their energy on shiny flash).
however good projects are usually backed by some well known names of developers or people active in bitcoin foundation and this project looks a bit misterious, what means - watch out!
There are no information, no links to some documentation, not sure if countdown more than month ahead is right advertisment.
Unfortunately - look at infinity coin - they might say at their facebook that it is unwise to sell IFC but look at cryptsy it is not even 1 buy order because supply is more than sufficient - several billions is offered for the lowest possible price for 1 satoshi/ 1 IFC - I always wondered what a man could buy for 1 satoshi. And IFC isnot the only coin which is so cheap - many other coins died unfortunately very quickly.
It is important to be at right place at right time - look at facebook - it offered nothing new and if it came out year sooner or year later or different country, it probably would be forgotten. The same it is with all cryptocoins, no matter how good you prepare project in the end it is demand of users which often decide.

[aso118]

But what is new on Xencoin except its nice name?

I'm interested in the coins because of the extremely fast block confirmation (20 seconds) and the projects ideas that are being discussed.  There are dozens of coins on the next that aren't used anywhere.  The reason BTC and LTC are the leaders, is because you can actually do/buy things with them.  Most other coins have 'high hopes' and can be traded/used for what?   Bitcoins or Litecoins?  So how valuable does that actually make the other alt coin?  In my opinion it makes them pretty useless. 

Xencoin has taken the initiative to jump-start the economy and the usefulness of the coin by developing places that the coin can actually be used.  With the super fast confirmation, and the high number of coins that will be available, I think this coin is going to build a 'day to day' usage perception that other coins have not yet achieved.  Think about it; bitcoin takes almost an hour to confirm a transaction - do you think that would be acceptable in a grocery store or other 'business' checkout?  Twenty seconds might still not be perfect, but I would rather pay back a co-worker for lunch and have a confirmation in seconds, rather then having to check later that night if the transaction was successful.  Again, I believe, the coin will be useful in daily life.

[amytheplanarshift]

With 20 second confirms, a simple smartphone wallet app could solve those problems easily. At self check-out counters there could be a pay with (e.g., XenCoin) option and it sends the transaction as soon as you confirm that you are finished scanning all your items. By the time you bag the items the person on staff who monitors all self checkouts (those are still required, right?) could easily confirm any payments before the customer could theoretically confirm and dash out before the employee could verify. (And besides, if someone does this then you know they must be trying to get away with not paying because otherwise they could wait the maximum of 5 or 6 seconds at the most until they get a confirmation.

tl;dr 20 seconds is an optimal block rate because it maximizes convenience for the negatives that come along with having a fast confirming coin. Like anything else, it's give and take.

[xenofanesSkarak]

With 20 second confirms, a simple smartphone wallet app could solve those problems easily. At self check-out counters there could be a pay with (e.g., XenCoin) option and it sends the transaction as soon as you confirm that you are finished scanning all your items. By the time you bag the items the person on staff who monitors all self checkouts (those are still required, right?) could easily confirm any payments before the customer could theoretically confirm and dash out before the employee could verify. (And besides, if someone does this then you know they must be trying to get away with not paying because otherwise they could wait the maximum of 5 or 6 seconds at the most until they get a confirmation.

tl;dr 20 seconds is an optimal block rate because it maximizes convenience for the negatives that come along with having a fast confirming coin. Like anything else, it's give and take.

Almost perfect but first we need goods and services which will be offered for cryptocurrency. We need many merchants who understand the odds of cryptocurrencies.
Today nobody likes paper money such as USD but state authorities have power to force people to use them. Uncle Sam can point gun at you in case you dont want to accept that shitty banknote. Merchant cannot do this but they dont have to do it if customers wouldnot be at least against using coins.
I think merchants and shops that accepts cryptocoins are maybe more important than customers. I would definitely start from merchants.
Customers may ask for cryptocurrencies but if merchant is lazy or unwilling to make the change then nothing happens. However if merchant start to offer services and goods for Xencoin then people would come and gradually change their habbits.
Unfortunately very problematic is exchanging fiat money for cryptocoins. And also security. Because you must change your habbits how to handle with cryptomoney. However once a man finds the way and start using coins I think majority of people would not go back to fiat money.
Icobank project seems to be very promising unfortunately it is same promising as mysterious - one can only guess what it bring to us.
But even if it starts only to exchange fiat money for BTC and LTC and proved to be serious and not fraudulent they can become very well known. Now we have MTGox (constantly with problems), excellent BitStamp, BTC-e and than several minor projects. If Icobank has enough money from investors they can make huge changes in cryptoenviroment.

[Tony116]

XNC will be make new future for miner a great future

[xenofanesSkarak]

XNC will be make new future for miner a great future

I dont know if XNC will become so much valuable as bitcoin or litecoin but if Icobank would fulfill what they are promising they could become more famous than useless Facebook.
Maybe they would need investors for the begining and they should not behave fraudulent or offer 1000% investment evaluation like Trendon (I cannot belive he planned it from beginning I think it was more his inadequancy to foresee what would happen. When he lowered rates in the end instead of calming down, people started withdrawing coins even more and unfortunately it lead to final collapse) http://bitcoinexaminer.org/founder-of-bitcoin-savings-and-trust-charged-by-the-sec-for-running-bitcoin-ponzi-scheme/    
http://www.bloomberg.com/news/2013-07-23/bitcoin-ponzi-scheme-alleged-by-sec-in-lawsuit-against-texas-man.html
I am curious what will happen http://www.icobank.com/ after countdown ends.

[Tony116]

XNC will be make new future for miner a great future

I dont know if XNC will become so much valuable as bitcoin or litecoin but if Icobank would fulfill what they are promising they could become more famous than useless Facebook.
Maybe they would need investors for the begining and they should not behave fraudulent or offer 1000% investment evaluation like Trendon (I cannot belive he planned it from beginning I think it was more his inadequancy to foresee what would happen. When he lowered rates in the end instead of calming down, people started withdrawing coins even more and unfortunately it lead to final collapse) http://bitcoinexaminer.org/founder-of-bitcoin-savings-and-trust-charged-by-the-sec-for-running-bitcoin-ponzi-scheme/    
http://www.bloomberg.com/news/2013-07-23/bitcoin-ponzi-scheme-alleged-by-sec-in-lawsuit-against-texas-man.html
I am curious what will happen http://www.icobank.com/ after countdown ends.

yeah, of course everybody wating countdown ends.

[xenofanesSkarak]

yeah, of course everybody wating countdown ends.

Upcoming end of banknotes
Everything has been here already, only people have short memory and forget bad things (however some cryptocoins could be just deleted, you dont have to sweep and burn them all day    
Sweeping up in 1946 after the hyperinflation of the Hungarian pengő. Source: Wikimedia


      Fortunately we are still miles away from octillions:      
on 1 August 1946, the Hungarian forint was reintroduced at a rate of 400 000 000 000 000 000 000 000 000 000 (400 octillion) = 4×1029 pengő,
http://en.wikipedia.org/wiki/Hungarian_peng%C5%91
http://konradsgraf.com/blog1/2013/4/6/hyper-monetization-questioning-the-bitcoin-bubble-bubble.html

See the Exchange rates (1 USD = X pengő)

[xenofanesSkarak]

yeah, of course everybody wating countdown ends.

For all of you who foresee soon end of USD, look at this. I think we will have been paying with US dollar for long time
It is still long way before you pay 400 octilions for a galon of petrol

http://www.significancemagazine.org/details/webexclusive/1379025/Big-numbers-and-big-debts_.html

[Tony116]

yeah, of course everybody wating countdown ends.

For all of you who foresee soon end of USD, look at this. I think we will have been paying with US dollar for long time
It is still long way before you pay 400 octilions for a galon of petrol

http://www.significancemagazine.org/details/webexclusive/1379025/Big-numbers-and-big-debts_.html

who r you??? why you take care about XNC so much. i see, you have some ideas for xnc. but now, we r have to wait icobank and mor project of xnc.

[xenofanesSkarak]

why you take care about XNC so much.

I am only curious because it has the same name as my Italian Greyhound Xenofanes
 It is very unusual name.
I find it very funny it looks like somebody named coin after my dog        

[rapidfire187]

XmH9hBBMosYkz2NQKU8aJkWjGnsXpMJbbb
XNC:

tytytytytytyty
BTC

[qwep]

how much coin will rise when the run icobank.com

[CaptChadd]

I am not sure but I do like mining it at the moment.

[xenofanesSkarak]

when I start xencoin-qt.exe usually after one minute or so main window named Xencoin-wallet shows that it is synchronized. But after some time - sometimes one hour or so, in main window down on left appears green line- synchronizing with net and Xencoin wallet gets red message- Out of sync.
For example now there is message - it remains more 232 767 blocks. And it is the same for all the time.
If I close and open xencoin-qt.exe, it shows it is synchronized, I can send or receive coins but after some time it appears again that it is not synchronized.....
I went through the whole settings-options and the only thing which I found is that I could tick the box to connect through SOCKS proxy IP 127.0.0.1, Port 9050, SOCKS version 5.
I dont know whether my xencoin-qt wallet is not compromised or demaged?
In the same notebook I have also bitcoin, litecoin and PPC - qt wallet and they dont show these out of sync.
Do you have the same problems? What shall I do to solve this?