[ANN][XC] >> Mandatory Update to new Wallet - The first POS X11 anonymous wallet

[mojun7982]

will wait for the update from dev team now!!!!

Everyone waiting for

[1714691945]

1714691945

[1714691945]

1714691945

[HardwarePal]

Total coin supply for a POS coin is never the initial amount the dev estimates, on a 5-7 day POW phase its 25% less. For a 100 day POW it will be drastically reduced to 30-50% of the estimation. POS stake makes no difference as those that hold to stake are long term investors.

While the price increases for any coin you usually see a bigger network hashrate meaning the total coin supply divided by POW days = always around the same it makes no difference in terms of who gets more or less. Most coins never take off due to unhealthy distribution and greed.  

A longer POW phase gives a motive to miners to mine the coin due to increasing value or initial value. BTC for example was -ROI for miners 1 year ago but some people still kept mining it, they are today some very rich people.

Lets just take DRK as an example here as its the new hot thing , I have a friend that was mining DRK with 110mh/s making $100 worth of DRK a day instead of mining scrypt and making $300 a day on a multipool for the last 2-2,5 months. He didnt sell a single coin and was paying powerbills out of his pocket. 1 Week a go he turned off his rigs and sold them rebuying DRK again. That is the mentality of most DRK lovers and is one of the main reasons it will get somewhere other then the X11 asic resistant algo aswell as DRK Send.

The way bitcoinwisdom DRK/BTC market looks like is clearly a bubble , but the dumps hit people that look to pick up the coin and hold it (the next BTC as most say) , it will take a beating but someone looking to invest longterm doesnt look at the market daily and will pickup the coins no matter what the price. I have slapped my DRK in cold storage and will look back at the market in 6 months+.

A coin will always have its whales , day traders and miners. Thats called continious interest , which also brings innovations and development.

What most dont understand is that miners are also investors and those that have stuck in these low profitability phases due to asic miners are those that also have money.

A longer POW phase means minitarue dumps not a huge dump that can kill a coin.


POS is basically the end phase of a POW coin ,we are just getting there alot faster.

Hype or interest can overtake any dump

The ANON craze creator - africanos

[jay_pilch]

Also did a bit of googling.

OP's twitter:
https://twitter.com/delta_ace_usa

Recent name change of account from Dan Metcalf to Matrixguru99 on twitter account.

matrixguru99 ‏@delta_ace_usa  May 16
@X11COIN - Finally a no-scam, no-ipo coin with a vision.

Promotes his own coin acting as independent.

[cyberhacker]

Also did a bit of googling.

OP's twitter:
https://twitter.com/delta_ace_usa

Recent name change of account from Dan Metcalf to Matrixguru99 on twitter account.

matrixguru99 ‏@delta_ace_usa  May 16
@X11COIN - Finally a no-scam, no-ipo coin with a vision.

Promotes his own coin acting as independent.

what do you imply?

anything wrong with this?

we all know the risk we are taking.  it is impossible to confirm it is legit or not until the wallet.

it is enough to have full pages of shitting doubts.  it is useless to approve anything.

[CryptoHobo]

do we have pos now?

42    X11Coin   $ 433,663   $ 0.094274   4,600,040 XC   $ 164,332   ?

its a pos coin yea. but you need a lot of weight to get a block as in expected time 1 minute and leave it an hour or 2!!
those 5 coins were originally mined on 09/05/14

dont understand what you mean with the cash values tbh m8

[cyberhacker]

Also did a bit of googling.

OP's twitter:
https://twitter.com/delta_ace_usa

Recent name change of account from Dan Metcalf to Matrixguru99 on twitter account.

matrixguru99 ‏@delta_ace_usa  May 16
@X11COIN - Finally a no-scam, no-ipo coin with a vision.

Promotes his own coin acting as independent.

you remind me of googling.

if you are smart enough to google further, you will find yourself shocked by the dev resume.

i think i do find out his identity.

sorry. dev

[Ezravdb]

Lol im out, thanks for profitz

[BEECoinfan]

Also did a bit of googling.

OP's twitter:
https://twitter.com/delta_ace_usa

Recent name change of account from Dan Metcalf to Matrixguru99 on twitter account.

matrixguru99 ‏@delta_ace_usa  May 16
@X11COIN - Finally a no-scam, no-ipo coin with a vision.

Promotes his own coin acting as independent.

you remind me of googling.

if you are smart enough to google further, you will find yourself shocked by the dev resume.

i think i do find out his identity.

sorry. dev

Hey mate, you made me do some googling when you used the word shocked.  After what I found it only makes me believe in this project more!  Can't wait to see what Atcsecure has made, with his background this coin should be everything he says and more!

[Conurtrol]

What did you guys find out by googling?

[Ezravdb]

What did you guys find out by googling?

The dev is one of Arnie schwarzennegger's lovechilds

[atcsecure]

Also did a bit of googling.

OP's twitter:
https://twitter.com/delta_ace_usa

Recent name change of account from Dan Metcalf to Matrixguru99 on twitter account.

matrixguru99 ‏@delta_ace_usa  May 16
@X11COIN - Finally a no-scam, no-ipo coin with a vision.

Promotes his own coin acting as independent.

you remind me of googling.

if you are smart enough to google further, you will find yourself shocked by the dev resume.

i think i do find out his identity.

sorry. dev

Hey mate, you made me do some googling when you used the word shocked.  After what I found it only makes me believe in this project more!  Can't wait to see what Atcsecure has made, with his background this coin should be everything he says and more!

Ah the power of google....


I'm an old school programer from back in the day

http://software.bbsdocumentary.com/IBM/DOS/RAT/


Yeah thats me...

[the_game1224]

What did you guys find out by googling?

Nothing bad, quite the opposite.

[philipvdlinde]

Also did a bit of googling.

OP's twitter:
https://twitter.com/delta_ace_usa

Recent name change of account from Dan Metcalf to Matrixguru99 on twitter account.

matrixguru99 ‏@delta_ace_usa  May 16
@X11COIN - Finally a no-scam, no-ipo coin with a vision.

Promotes his own coin acting as independent.

you remind me of googling.

if you are smart enough to google further, you will find yourself shocked by the dev resume.

i think i do find out his identity.

sorry. dev

Hey mate, you made me do some googling when you used the word shocked.  After what I found it only makes me believe in this project more!  Can't wait to see what Atcsecure has made, with his background this coin should be everything he says and more!

Ah the power of google....


I'm an old school programer from back in the day

http://software.bbsdocumentary.com/IBM/DOS/RAT/


Yeah thats me...

So how is the wallet progressing, will you be able to deliver the wallet tommorow?

[powersup]

Im enjoying watching the action over at Poloniex, very interesting.....

[sixteendigits]

Ya -- I really cannot stress enough how necessary it is to reduce total supply and PoW phase.  Can't sleep because my mind is all worked up about this.  I want what is best for the longevity of this coin.  Just think about it:

If things remain unchanged -- what group will be holding the majority control on the price once anon features go live?  Will it be the miners (selling the price down) or investors  (buying the price up)?  It will be 100% be the miners holding majority control --> because 75% of all coins will be minted in 2 months (this is way too many coins way too soon) especially considering that XC's biggest selling point was already delivered two months ago (by that point in time).

Again, this would be somewhat of a different story if anon features released near or at the end of PoW phase (because the expectation would help sustain buyer confidence).  But it is not.  Anon feature is the "hot thing" right now, and the hype around it will only be suppressed as 25 million more XC flood the market in two months.  People buy on news and sell on fact.  Once anon feature (the news) is released, XC will have an extremely hard time increasing in value in light of 25m (75%) of the supply being minted and thrown into the market.  Two months of sell offs is a long time and will assuredly decrease buyer confidence.  

Not to mention, 2 months down the road, there will surely be another coin to be 100% PoS with anon features before we reach our 100% PoS stage.  It is crucial that XC becomes 100% PoS with anon feature before any other coin.

XC needs to reduce both total supply and PoW phase to help ensure healthy / constant buy pressure.  DRK reduced their block reward (and probably would have done more, had they been PoS), because they knew this move was necessary as they drew nearer to implementing darksend.  DRK team is really genius when it comes to creating market demand (for this reason and their requiring of 10,000 DRK taken off the market for each masternode).

This is exactly correct as veritasBS said:

Let me walk you through what will happen if the coin specs stay how they are currently:
1) There will be a big run in price when this PoS coin is the first to release the wallet.
2) We will get to a market cap of say 10 million.
3) There will be a fast decline in price but because this IS a coin with a quality dev and features, it will level off to some where around 6 million market cap.
4) Then 25 million more coins will come flooding in to the market over next 100 days. The price per coin will start a slow decline to 1/5 of where it was when it settled after the run.
5)The investors will only take so much loss and jump ship somewhere in the decline.
6) By the time PoW ends, you have many coins on the market with the EXACT same features so you no longer have an advantage.

The opportunity is NOW to make this a lasting coin. Use the advantage the dev has built to  make this the premier anon coin...anything else is poor management.


My Proposal:
10m coins (or less) and let PoW continue for another 1-2 weeks (1 is best) max with reduced block rewards.  

This will help allow for market cap growth, will help ensure XC is the first 100% PoS coin with anon tech, and will give time for an XC multipool to be set up and launched immediately when PoW ends.

Either this, or extend the PoW mining period years into the future with greatly reduced block rewards.  I think this is better than changing nothing (I still think that the first 100% PoS anon featured coin is this coins biggest selling point).  But if it remains the same --> yes, this coin will still be successful (if anon releases), but all I see is unnecessary value suppression for the future of this coin.

So true, I am sending this comment to the BTC devs immediately in hopes they cut off PoW supply and shift to PoS immediately.

If a coin has true value, it will rise.  End of story.  If the entire DRK rise is due to devs "creating market demand" as you put it (others would call it market manipulation, potato, potatoe), then the true value of DRK is not .025 BTC.

If alts need to resort to these types of tactics then maybe ::gasp:: the true value of virtually all alt coins is 0?

Yes, idiots buy the brand new coin to hit the market when the supply is low, and then, surprise surprise, price drops because they do not spend 2 minutes doing the math to figure out this coin is still in a stage of astronomical inflation.  That is an example of an unsavvy investor, not a poorly designed coin.

And what would be so wrong with miners controlling 75% of all the XC?  They invest money into the mining equipment, electricity, time, and ya know, keep the network of a PoW coin alive.

Miners mine the coins, investors buy them from the miners.  That's how it works.  If miners see no value in the alts they are mining, well yeah, they are gonna dump for BTC.  If there is value in the coin, they will mine and hold.  Why is it that miners getting more XC bothers you so much?  Could it be because your share of XC will be diluted, and the market won't be able to be controlled by a small group of market manipulators?

Maybe you are right though, it is true that a coin will rise faster and higher with a quick mining period to put the coins in the hands of as few people as possible.  It will rise as far as those manipulating the market will allow it to.  Until the giant red candle hits.  Hold on......lemme check CINNI price really quick.  YIKES!  Order books looking sickly.  Ya must have dumped at 38k satoshis huh?  Why didn't you apply your genius to "create market demand" for CINNI?  Oh, the market demand will be created with CINNI's innovative encrypted messaging system right?  I saw the little pictogram on twitter, it looks like something I would scrawl on a napkin to explain public key encryption to a 5 year old.  Innovation!

I forgot, Bitcoin didn't attract all the new investors to it because of the astronomical rise in value.  Nope, it was due to the crashes that it went through.   

Wait a minute...

And why do you think BTC has had astronomical rises in value?  Because one day someone saw the value BTC held and said hey, lemme buy some of those off of you! You can't have a crash until a rise happens first.

And what do you think is going to happen to XC when the market is in control of as few people as possible?  Couldn't possibly turn into yet another huge pump and dump could it?

[atcsecure]

Also did a bit of googling.

OP's twitter:
https://twitter.com/delta_ace_usa

Recent name change of account from Dan Metcalf to Matrixguru99 on twitter account.

matrixguru99 ‏@delta_ace_usa  May 16
@X11COIN - Finally a no-scam, no-ipo coin with a vision.

Promotes his own coin acting as independent.

you remind me of googling.

if you are smart enough to google further, you will find yourself shocked by the dev resume.

i think i do find out his identity.

sorry. dev

Hey mate, you made me do some googling when you used the word shocked.  After what I found it only makes me believe in this project more!  Can't wait to see what Atcsecure has made, with his background this coin should be everything he says and more!

Ah the power of google....


I'm an old school programer from back in the day

http://software.bbsdocumentary.com/IBM/DOS/RAT/


Yeah thats me...

So how is the wallet progressing, will you be able to deliver the wallet tommorow?

Yes we are still on target for tomorrow nights wallet release...

[philipvdlinde]

Also did a bit of googling.

OP's twitter:
https://twitter.com/delta_ace_usa

Recent name change of account from Dan Metcalf to Matrixguru99 on twitter account.

matrixguru99 ‏@delta_ace_usa  May 16
@X11COIN - Finally a no-scam, no-ipo coin with a vision.

Promotes his own coin acting as independent.

you remind me of googling.

if you are smart enough to google further, you will find yourself shocked by the dev resume.

i think i do find out his identity.

sorry. dev

Hey mate, you made me do some googling when you used the word shocked.  After what I found it only makes me believe in this project more!  Can't wait to see what Atcsecure has made, with his background this coin should be everything he says and more!

Ah the power of google....


I'm an old school programer from back in the day

http://software.bbsdocumentary.com/IBM/DOS/RAT/


Yeah thats me...

So how is the wallet progressing, will you be able to deliver the wallet tommorow?

Yes we are still on target for tomorrow nights wallet release...

Thats good news, thanks for the update!

[atcsecure]

hope everybody has wallet in stake mode.. I Noticed yesterday we didn't have very many POS blocks..

[sixteendigits]

Ya -- I really cannot stress enough how necessary it is to reduce total supply and PoW phase.  Can't sleep because my mind is all worked up about this.  I want what is best for the longevity of this coin.  Just think about it:

If things remain unchanged -- what group will be holding the majority control on the price once anon features go live?  Will it be the miners (selling the price down) or investors  (buying the price up)?  It will be 100% be the miners holding majority control --> because 75% of all coins will be minted in 2 months (this is way too many coins way too soon) especially considering that XC's biggest selling point was already delivered two months ago (by that point in time).

Again, this would be somewhat of a different story if anon features released near or at the end of PoW phase (because the expectation would help sustain buyer confidence).  But it is not.  Anon feature is the "hot thing" right now, and the hype around it will only be suppressed as 25 million more XC flood the market in two months.  People buy on news and sell on fact.  Once anon feature (the news) is released, XC will have an extremely hard time increasing in value in light of 25m (75%) of the supply being minted and thrown into the market.  Two months of sell offs is a long time and will assuredly decrease buyer confidence.  

Not to mention, 2 months down the road, there will surely be another coin to be 100% PoS with anon features before we reach our 100% PoS stage.  It is crucial that XC becomes 100% PoS with anon feature before any other coin.

XC needs to reduce both total supply and PoW phase to help ensure healthy / constant buy pressure.  DRK reduced their block reward (and probably would have done more, had they been PoS), because they knew this move was necessary as they drew nearer to implementing darksend.  DRK team is really genius when it comes to creating market demand (for this reason and their requiring of 10,000 DRK taken off the market for each masternode).

This is exactly correct as veritasBS said:

Let me walk you through what will happen if the coin specs stay how they are currently:
1) There will be a big run in price when this PoS coin is the first to release the wallet.
2) We will get to a market cap of say 10 million.
3) There will be a fast decline in price but because this IS a coin with a quality dev and features, it will level off to some where around 6 million market cap.
4) Then 25 million more coins will come flooding in to the market over next 100 days. The price per coin will start a slow decline to 1/5 of where it was when it settled after the run.
5)The investors will only take so much loss and jump ship somewhere in the decline.
6) By the time PoW ends, you have many coins on the market with the EXACT same features so you no longer have an advantage.

The opportunity is NOW to make this a lasting coin. Use the advantage the dev has built to  make this the premier anon coin...anything else is poor management.


My Proposal:
10m coins (or less) and let PoW continue for another 1-2 weeks (1 is best) max with reduced block rewards.  

This will help allow for market cap growth, will help ensure XC is the first 100% PoS coin with anon tech, and will give time for an XC multipool to be set up and launched immediately when PoW ends.

Either this, or extend the PoW mining period years into the future with greatly reduced block rewards.  I think this is better than changing nothing (I still think that the first 100% PoS anon featured coin is this coins biggest selling point).  But if it remains the same --> yes, this coin will still be successful (if anon releases), but all I see is unnecessary value suppression for the future of this coin.

So true, I am sending this comment to the BTC devs immediately in hopes they cut off PoW supply and shift to PoS immediately.

If a coin has true value, it will rise.  End of story.  If the entire DRK rise is due to devs "creating market demand" as you put it (others would call it market manipulation, potato, potatoe), then the true value of DRK is not .025 BTC.

If alts need to resort to these types of tactics then maybe ::gasp:: the true value of virtually all alt coins is 0?

Yes, idiots buy the brand new coin to hit the market when the supply is low, and then, surprise surprise, price drops because they do not spend 2 minutes doing the math to figure out this coin is still in a stage of astronomical inflation.  That is an example of an unsavvy investor, not a poorly designed coin.

And what would be so wrong with miners controlling 75% of all the XC?  They invest money into the mining equipment, electricity, time, and ya know, keep the network of a PoW coin alive.

Miners mine the coins, investors buy them from the miners.  That's how it works.  If miners see no value in the alts they are mining, well yeah, they are gonna dump for BTC.  If there is value in the coin, they will mine and hold.  Why is it that miners getting more XC bothers you so much?  Could it be because your share of XC will be diluted, and the market won't be able to be controlled by a small group of market manipulators?

Maybe you are right though, it is true that a coin will rise faster and higher with a quick mining period to put the coins in the hands of as few people as possible.  It will rise as far as those manipulating the market will allow it to.  Until the giant red candle hits.  Hold on......lemme check CINNI price really quick.  YIKES!  Order books looking sickly.  Ya must have dumped at 38k satoshis huh?  Why didn't you apply your genius to "create market demand" for CINNI?  Oh, the market demand will be created with CINNI's innovative encrypted messaging system right?  I saw the little pictogram on twitter, it looks like something I would scrawl on a napkin to explain public key encryption to a 5 year old.  Innovation!

wow ur an asshole sorry but you just are..

I'm an asshole, or I'm the only one here telling it like it is.  Again, potato, potatoe.

He is actually right. He is not an asshole he is just telling how it is. Why should the dev change coin specs, just because some unexperienced people that call themseves "investors" did not do their homework and have unrealistic expectations?
What is going to happen when the coin bubbles after reducing pow? Reduce it again to keep the price at this level?

And finally look at all these 100% ipo coins that hit the market last weeks. They just bubbled ... and entered freefall mode after that.

That's just how the altcoingame is. You can make insane profits but you can also burn all your btc.

If the dev is commited and does good work the coin will be able to withstand the mining pressure and/or recover from big dumps. If it doesn't so be it!

+1

I think everyone should back off and let the dev work on the wallet. He created this coin so he shouldn't feel pressure to change any specs.

Thanks to both of you.  Good to see some back up.

I don't know if the dev is legit, or if this anonymous wallet will work or is real, but for some reason I am drawing a line in the sand on this one.  These incessant pump and dumps need to stop, or slow down at least.  Alt-coins are a complete and utter joke right now.

[Ezravdb]

Lol im out, thanks for profitz

Just kiddin still in