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jiapetz
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April 29, 2014, 10:06:01 PM |
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If this guy thinks this is unfair, good thing he doesn't operate in the traditional securities world. 50 cents or so for 1 XBC beats the 20 dollars and up IPO share prices for major companies.
If you were pulling this stunt on Wall Street you would all be going to jail, starting with the owner of the exchange. So what's up with destroying half the coins to exclude new investors and this grand council that holds all the power? That doesn't sound very crypto. What do you propose happens to the remaining half then? Release a 3rd IPO right after the 2nd one to bring in more investors? That would be counterproductive to the point of releasing an IPO...the point of which is to give incentive to earlier investors. Releasing this other half of the coins this soon would screw over the IPO buyers, and everyone that's bought up to the time I'm writing this. We are not excluding new investors. We are simply looking after the best interest of all current investors, because we've taken on a risk by putting money into something unproven and new, where other were not willing to put their own money. This second half of the coin supply should essentially, never see the market, and should be destroyed or put into cold storage indefinitely. I will explain in: If there is to be a 3rd IPO of the remaining coins, we are faced with the problem of fairness for current investors, or fairness for 3rd IPO investors. The fairness for the former means taking into account the risk the initial IPO investors took (to buy 50btc worth of IPO of a completely new coin) and implementing this risk into the 3rd IPO price. Fairness for these 3rd IPO investors however, means they will be looking for the same point of entry as the other investors, thus meaning they would want the remaining half of coins sold via IPO, which will dilute the market shares. Furthermore, we are left with fairness for the people who have bought just recently, post-IPO; if these people are willing to support a coin post IPO, then other should too. Thus, we are left in a situation where we screw current investors by diluting the market. Or we screw new investors by releasing the new IPO at higher than market prices (higher because many investors have bought post-IPO, so new IPO price should be as high as the highest price paid thus far). This is why the remaining 47.5% must never come close to the market, at least not in the sense of another mass release/IPO/etc. |
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"With e-currency based on cryptographic proof, without the need to
trust a third party middleman, money can be secure and transactions
effortless." -- Satoshi
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Kreativekrypto
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April 29, 2014, 10:07:06 PM |
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So what's up with destroying half the coins to exclude new investors and this grand council that holds all the power? That doesn't sound very crypto.
Satoshi or Coblee instamining a million bitcoins/Litecoins for a few dollars of electricity isn't very crypto either but it doesn't stop them from being worth a lot. By the way if Polo pushing a coin is crooked what does that make BTC China with Charlie Lee's brother operating an exchange? or coinbase with Charlie on the board of directors hehe |
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exoton
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April 29, 2014, 10:14:16 PM |
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how many xbc are currently in circualtion ?
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Kreativekrypto
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April 29, 2014, 10:23:14 PM |
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how many xbc are currently in circualtion ?
roughly 52,501 coins |
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exoton
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April 29, 2014, 10:44:10 PM |
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how about using the ipo for mintpal voting ?  |
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sebalino
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April 29, 2014, 11:05:57 PM |
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Yes its quite shocking that MintPal has not adding a worthless scamcoin created by Poloniex traders and the owner of Poloniex exchange to fleece ppl of their BTC. Quite shocking.
The only volume it has is traders on Poloniex sending it back and forth to themselves and a few unfortunate souls who don't have the full picture of what is happening behind the scenes of this "coin".
What with all the innovation this coin brings, like 50,000 coins, a lazy ripped off name and 98% distribution to top 20 wallets how is it not on the Moon and the New York Stock Exchange yet?
Scam coins gonna Scam.
Your post history is really interesting. Do you have a life, or just enjoy trolling coins? Yeah, traders on Poloniex are sending coins between each other. The same happens with every other coin on every other exchange... that's the point to an exchange. Someone sells, someone buys. It's hardly a great revelation there. You stated how MintPal wouldn't touch comm coin either (after you trolled there forever). Of course now both cryptsy and mintpal list it. Please use a dictionary and look up what scam means. IPO was fairest I've seen, as it was open, and anyone at all could buy in ... and it was available for quite some time. If you missed it, well... too bad. Different situation with COMM, they have a Dev who stole millions in stakes from other community members, that's pretty much an accepted fact by even the most loyal supporters of COMM. I've said my piece over there, hopefully they will obsolete the original Dev going forward and prosper as a community and a coin. And as far as XBC being the fairest IPO you have ever seen, I'm sure it is the fairest you have seen bcs you got in and are enjoying the price being manipulated upward on Poloniex, how could it not be when you have every "pumper" on Poloniex with a cut along with the owner of the exchange. Scam coins gonna Scam He only want some FREE XBC |
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Varvarin
Legendary
 Offline
Activity: 1130
Merit: 1000
No good deed goes unpunished
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April 29, 2014, 11:07:11 PM |
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XBC has been the most entertaining coin for a long time. Good fun.
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Ezravdb
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April 29, 2014, 11:21:11 PM |
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The fact alone that Mintpal hasn't added XBC to the voting list tells me they'll probably list them tomorrow if the volume stays the same!
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exoton
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April 29, 2014, 11:24:50 PM |
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The fact alone that Mintpal hasn't added XBC to the voting list tells me they'll probably list them tomorrow if the volume stays the same!
oh yeah 0.2 should be a good entry price since by then most coins will be bought up ^^ |
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Ezravdb
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April 29, 2014, 11:54:43 PM |
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Don't expect miracles to happen..new audience will open up, that's for sure  Currently mining on Hashco.ws with XBC as payout option! You should too! http://hashco.ws |
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XBCplus (OP)
Member
Offline
Activity: 98
Merit: 10
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April 30, 2014, 12:16:36 AM |
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I'll admit that it's not DEV's fault., I was just angry, It's just I worked hard to trade my way upto that amount of bitcoin, i'm not a person of means, and i've taken a massive hit now, it will take me ages to get it back. Is there anything I can do? if you look at the bitcoin address I sent to, it hasn't even cleared, there's 28 conformation on one transaction, and 32 conformations on the other, so it's not like the thief has transferred them to another address. Here's the blockchain info: https://blockchain.info/address/1JLmRoZ3NGEzderUzK6LkY1REfSkzYGNzAnyone? I haven't seen the next 4 pages (so someone may have suggested this) but have you seen the official scam thread for that exchange? Someone has posted the WHOIS. I HIGHLY recommend calling the police in their area and notifying them. |
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tripster69
Newbie
Offline
Activity: 56
Merit: 0
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April 30, 2014, 12:26:09 AM |
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Congrats. I'm waiting for the real money. Mintpal, Cryptsy or Pimps'r'us |
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XBCplus (OP)
Member
Offline
Activity: 98
Merit: 10
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April 30, 2014, 12:29:03 AM |
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Is it too late to be on the committee? I've had mine since ipo.
Do you have 1%? |
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XBCplus (OP)
Member
Offline
Activity: 98
Merit: 10
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April 30, 2014, 12:30:25 AM |
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i like how this community is shaping up, I will be on the committee if you let me. I just topped my stash so I own just enough XBC.
Im very excited to help but I have never owned 1% of a significant coin. More a miner than a trader by design.
Thanks!
Thanks mate. Adding you now. PS. I got your message, please give me time to respond |
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XBCplus (OP)
Member
Offline
Activity: 98
Merit: 10
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April 30, 2014, 12:32:34 AM |
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What is the number to be on the committee 1000 coins, or 500 now? Not that I qualify for either, at 125ish.
Mostly just curious if the number of coins will be decreased. Or if the price sinks a bit, and my other coins skyrocket... guess in theory I could get to 500 then... extreme longshot.
it will depend on the poll result which looks like the remaining coins will be destroyed. |
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armin22
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April 30, 2014, 12:35:52 AM |
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What is the number to be on the committee 1000 coins, or 500 now? Not that I qualify for either, at 125ish.
Mostly just curious if the number of coins will be decreased. Or if the price sinks a bit, and my other coins skyrocket... guess in theory I could get to 500 then... extreme longshot.
it will depend on the poll result which looks like the remaining coins will be destroyed. No logo file, no vid possible :/ |
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exoton
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April 30, 2014, 12:42:34 AM |
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What is the number to be on the committee 1000 coins, or 500 now? Not that I qualify for either, at 125ish.
Mostly just curious if the number of coins will be decreased. Or if the price sinks a bit, and my other coins skyrocket... guess in theory I could get to 500 then... extreme longshot.
it will depend on the poll result which looks like the remaining coins will be destroyed. i dont know where to vote but id like to have the rest destroied , also whats planned for the future of the coin and how can one help make it brighter ? |
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SeriousCoins14
Full Member
Offline
Activity: 154
Merit: 100
Coinoholic
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April 30, 2014, 12:51:12 AM |
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Can anybody out there set up a faucet for us? Let me know here or freenode #XBC
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XBC BTUCL6SoNCMYmvmY7tJ33EdtdvyNL4wdhr
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exoton
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April 30, 2014, 12:53:28 AM |
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can someone tell me how long the coins need to be in a wallet for staking ?
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XBCplus (OP)
Member
Offline
Activity: 98
Merit: 10
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April 30, 2014, 12:55:53 AM |
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This coin has been nothing but excitement from the word go. Huge things happening and I can't wait to hear further announcements!!! I know a lot is going on right now to truly establish it as a powerhouse coin. I'm holding the course. Once it hits mintpal, expect a massive, catastrophic explosion of epic proportions. :-)
We might have a big announcement if all goes to plan Thank you for your kind words |
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