[XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos

[Herbix]

I love it then the fudders start their work the usual time... Don't you people see that XC is untouchable by FUD? Go stroll in some new shitcoin topic, geez.... Crypto has been bleeding, BTC is @ 336 ffs.... enough already

Raising a valid question about the premine wallet's current balance is not fudding.

Fudder's where "raising a valid question" about

1)Dan's identity

2)XC original premine

3)xmixer's private tech in rev 1/2

and the list goes on, so excuse me if I am fed up with you fudders. Lets see what the team says when they are here instead of the fudders.

I recommend you to read the community code again, I have been member of the community since the launch and you are just treating me wrong. Raising a valid question about the balance of last known OFFICIAL premine addresses balance and activity towards exchanges is actually quite valid question for other community members too.

As Synechist himself said on reddit:

Lastly the premine is actively monitored by many people, and so Dan can't do anything with it without jeopardising the coin. Since this is obviously not in his interests I don't see what the big deal is about the premine. Of course you're welcome to give reasons why you think it's an issue.

So, if community members check out the balance of the premine address, you count it as fud? All I'm asking is for transparency, as that has been promised for the premine.

BTC crashing could be from darknet sellers.
Bitcoin-Over-Tor Anonymity 'Can Be Busted for $2,500 a Month'.

There's a need for privacy

[synechist]

Morning folks

Hmm... Looks like we need to get you all some details about how the premine has been spent and which address(es) you can all keep track of it on. It's pretty important that you're able to do this.

We'll need to wait until Dan's awake since I don't have any access to the premine. But I can tell you a few things:

- I will reveal that some of the premine has been used to pay me. It's a full time job, and I'm happy to be paid in XC.

- Dan is very likely to have paid XC to devs for various things.

- I don't think that Dan has used the premine for his own expenses. I actually think he *should* use it for his expenses, and I hope he has, but I'm not sure he has. He's specifically mentioned that XChat was developed out of his own funds.



Some pure speculation:

- I don't know how much of the premine is left, and how much might exist in BTC or another currency.

- It's possible that Dan diversified XC's funding to mitigate risk and/or to pay devs. Good plan in my opinion.

- It's possible that the premine could be used to generate profits on other coins, and thus replenish the premine.

[policymaker]

Morning folks

Hmm... Looks like we need to get you all some details about how the premine has been spent and which address(es) you can all keep track of it on. It's pretty important that you're able to do this.

We'll need to wait until Dan's awake since I don't have any access to the premine. But I can tell you a few things:

- I will reveal that some of the premine has been used to pay me. It's a full time job, and I'm happy to be paid in XC.

- Dan is very likely to have paid XC to devs for various things.

- I don't think that Dan has used the premine for his own expenses. I actually think he *should* use it for his expenses, and I hope he has, but I'm not sure he has. He's specifically mentioned that XChat was developed out of his own funds.



Some pure speculation:

- I don't know how much of the premine is left, and how much might exist in BTC or another currency.

- It's possible that Dan diversified XC's funding to mitigate risk and/or to pay devs. Good plan in my opinion.

- It's possible that the premine could be used to generate profits on other coins, and thus replenish the premine.

sry herbix im just tired of dealing with fudding newbie accounts thats all

[mav137]

Morning folks

Hmm... Looks like we need to get you all some details about how the premine has been spent and which address(es) you can all keep track of it on. It's pretty important that you're able to do this.

We'll need to wait until Dan's awake since I don't have any access to the premine. But I can tell you a few things:

- I will reveal that some of the premine has been used to pay me. It's a full time job, and I'm happy to be paid in XC.

- Dan is very likely to have paid XC to devs for various things.

- I don't think that Dan has used the premine for his own expenses. I actually think he *should* use it for his expenses, and I hope he has, but I'm not sure he has. He's specifically mentioned that XChat was developed out of his own funds.



Some pure speculation:

- I don't know how much of the premine is left, and how much might exist in BTC or another currency.

- It's possible that Dan diversified XC's funding to mitigate risk and/or to pay devs. Good plan in my opinion.

- It's possible that the premine could be used to generate profits on other coins, and thus replenish the premine.

sry herbix im just tired of dealing with fudding newbie accounts thats all

Hey man, take a little break for your own peace of mind. You've been contributing with a lot of useful posts in the community. Reading FUD and reading about people being hired to FUD also breaks my mojo. But you know what? We're in this together. When it's becoming too much, take a deep breath and let someone else answer for that moment. We're a community

[Herbix]

sry herbix im just tired of dealing with fudding newbie accounts thats all

No worries, I do know how you feel as my stack of cryptos has dissolved around 10k euros in fiat value in 6 months  

[cryptico]

Morning folks

Hmm... Looks like we need to get you all some details about how the premine has been spent and which address(es) you can all keep track of it on. It's pretty important that you're able to do this.

We'll need to wait until Dan's awake since I don't have any access to the premine. But I can tell you a few things:

- I will reveal that some of the premine has been used to pay me. It's a full time job, and I'm happy to be paid in XC.

- Dan is very likely to have paid XC to devs for various things.

- I don't think that Dan has used the premine for his own expenses. I actually think he *should* use it for his expenses, and I hope he has, but I'm not sure he has. He's specifically mentioned that XChat was developed out of his own funds.



Some pure speculation:

- I don't know how much of the premine is left, and how much might exist in BTC or another currency.

- It's possible that Dan diversified XC's funding to mitigate risk and/or to pay devs. Good plan in my opinion.

- It's possible that the premine could be used to generate profits on other coins, and thus replenish the premine.

I don't mind at all for you and the dev team to be paid with the premine. What I do mind is if you do this without stating publicly the amounts the addresses and the time you were/are paid.

This is just complying with the standards that the team itself set up to follow as per pizpie link with the addresses were mentioning that each expense was going to be public.

[hoertest]

If it was aroud 40k in september back than it was around 20 thousand dollars, at current rate it would be ten. pay some guys for development and arlyn and that money is gone quick. i don't think it is though. i'm pretty shure he bought some block with it. would be fine with that. A premine can't last forever if its used for development.

that beeing said Dan is the biggest marketing fuckup of the century. you have to teach him that actions like that have to be communicated before hand. To easy for the FUD army. (not in here i mean the instant new threads).

BTW i sense some kind of beeing bored and fed upness in general in people on btctalk with all those FUD threads. scam accusation for every coin and project left and right. BLock had tons of it and still collected 800 btc already. i didn't expect it to hit the max anyway.

You been occupied with the ito last couple of days synechist, i understand that, but i wanna see some heavy XC action now. hope we are on the same page here.

[Herbix]

Does this sound familiar?
Looks like Bitpay is going to compete.

open-source effort is designed as a simple, secure and decentralized communications network based on bitcoin cryptography

The company describes Foxtrot as a decentralized routing network that enables easy peer-to-peer (p2p) communications, with built-in mechanisms for peer discovery, creation of services addressable by public keys and establishing encrypted connections.

Foxtrot is a network that allows nodes to communicate with one another.

If they were to gain traction, p2p connections on the scale of the Internet could bring greatly increased security and privacy.

Pair suggested that networks in general could incentivize themselves with Foxtrot, saying: "The idea here is that nodes would charge money for a data connection," he said.

"I used to work in networking, and I think it is really interesting to think about how ISPs can charge each other for connections. It could totally change the economics how the Internet works."

Additionally, he said, a p2p scheme like Foxtrot could innovate networking by securing systems with cryptography and end-to-end encryption, which Foxtrot also provides.

Pair cautioned that the Foxtrot project is in its infancy and explained that BitPay wants to add many more features – such as stealth addresses to better protect nodes – to the project.

Pair added that the technology would need to be used on the outer edges of networks to begin with, then move inwards to more complex networks, such as those run by ISPs.  "You would want to start small at the edges, like with wireless mesh nets," he explained.

[cryptico]

If it was aroud 40k in september back than it was around 20 thousand dollars, at current rate it would be ten. pay some guys for development and arlyn and that money is gone quick. i don't think it is though. i'm pretty shure he bought some block with it. would be fine with that. A premine can't last forever if its used for development.

that beeing said Dan is the biggest marketing fuckup of the century. you have to teach him that actions like that have to be communicated before hand. To easy for the FUD army. (not in here i mean the instant new threads).

BTW i sense some kind of beeing bored and fed upness in general in people on btctalk with all those FUD threads. scam accusation for every coin and project left and right. BLock had tons of it and still collected 800 btc already. i didn't expect it to hit the max anyway.

You been occupied with the ito last couple of days synechist, i understand that, but i wanna see some heavy XC action now. hope we are on the same page here.

The fact is that it should not even be to 40k for what we have been told. It should still be full of all the funds as it was stated that all the expenses were going to made public I hope they will be able to clarify that soon.

And yes it seems xc have the best tek and the worst communication model for small thing were it looses itself. I'm confident that everything was done in good faith. I hope so. Just with xc it seems we always want to give fudders free piece of new land to start their job and I'm pretty sick and tired of it

[laitec]

Very active

[synechist]

Morning folks

Hmm... Looks like we need to get you all some details about how the premine has been spent and which address(es) you can all keep track of it on. It's pretty important that you're able to do this.

We'll need to wait until Dan's awake since I don't have any access to the premine. But I can tell you a few things:

- I will reveal that some of the premine has been used to pay me. It's a full time job, and I'm happy to be paid in XC.

- Dan is very likely to have paid XC to devs for various things.

- I don't think that Dan has used the premine for his own expenses. I actually think he *should* use it for his expenses, and I hope he has, but I'm not sure he has. He's specifically mentioned that XChat was developed out of his own funds.



Some pure speculation:

- I don't know how much of the premine is left, and how much might exist in BTC or another currency.

- It's possible that Dan diversified XC's funding to mitigate risk and/or to pay devs. Good plan in my opinion.

- It's possible that the premine could be used to generate profits on other coins, and thus replenish the premine.

I don't mind at all for you and the dev team to be paid with the premine. What I do mind is if you do this without stating publicly the amounts the addresses and the time you were/are paid.

This is just complying with the standards that the team itself set up to follow as per pizpie link with the addresses were mentioning that each expense was going to be public.

Let me put this to the community:

Would one or two of you be happy to take responsibility for tracking the premine? This is important because if the XC team had this responsibility, there could be a conflict of interest.

(Cryptico, expenditures are public because they're on a blockchain. We haven't, like, "failed to comply to our own standards." What's happened is simply that everyone seemed to see no need to keep track of the premine from week to week, and now we're playing catch-up. Looks like there's some tidying up to, but it's all there in the blockchain.)

[wooder]

Morning folks

Hmm... Looks like we need to get you all some details about how the premine has been spent and which address(es) you can all keep track of it on. It's pretty important that you're able to do this.

We'll need to wait until Dan's awake since I don't have any access to the premine. But I can tell you a few things:

- I will reveal that some of the premine has been used to pay me. It's a full time job, and I'm happy to be paid in XC.

- Dan is very likely to have paid XC to devs for various things.

- I don't think that Dan has used the premine for his own expenses. I actually think he *should* use it for his expenses, and I hope he has, but I'm not sure he has. He's specifically mentioned that XChat was developed out of his own funds.



Some pure speculation:

- I don't know how much of the premine is left, and how much might exist in BTC or another currency.

- It's possible that Dan diversified XC's funding to mitigate risk and/or to pay devs. Good plan in my opinion.

- It's possible that the premine could be used to generate profits on other coins, and thus replenish the premine.

I don't mind at all for you and the dev team to be paid with the premine. What I do mind is if you do this without stating publicly the amounts the addresses and the time you were/are paid.

This is just complying with the standards that the team itself set up to follow as per pizpie link with the addresses were mentioning that each expense was going to be public.

Let me put this to the community:

Would one or two of you be happy to take responsibility for tracking the premine? This is important because if the XC team had this responsibility, there could be a conflict of interest.

(Cryptico, expenditures are public because they're on a blockchain. We haven't, like, "failed to comply to our own standards." What's happened is simply that everyone seemed to see no need to keep track of the premine from week to week, and now we're playing catch-up. Looks like there's some tidying up to, but it's all there in the blockchain.)

This is a joke isn't it?

On reddit https://www.reddit.com/r/XCofficialreddit/comments/26qqrq/xc_premine_wallet_made_public/  pizpie stated:

   Hello everyone, in our continued belief in complete transparency, here are the wallets that had / have the pre-mine:

    This one is where the funds were during launch:

    XTKDMBqrxABBFu8YUtP8wYQWvYULsVp4oa

    This is the address where the funds are now:

    XS4QLi6VpQQo79HLkoFBj5YZkn6p6TuLKG

   These funds will be used strictly for development, community growth. Any amount spent will be made public knowledge in our continued effort of transparency. If you have any questions, comment below or drop in on our IRC live chat.

    Thank you.

You should have made it public when you use money for something not tell the community afterwards when someone spotted it, that you don't know what for the money was used.

[cryptico]

Morning folks

Hmm... Looks like we need to get you all some details about how the premine has been spent and which address(es) you can all keep track of it on. It's pretty important that you're able to do this.

We'll need to wait until Dan's awake since I don't have any access to the premine. But I can tell you a few things:

- I will reveal that some of the premine has been used to pay me. It's a full time job, and I'm happy to be paid in XC.

- Dan is very likely to have paid XC to devs for various things.

- I don't think that Dan has used the premine for his own expenses. I actually think he *should* use it for his expenses, and I hope he has, but I'm not sure he has. He's specifically mentioned that XChat was developed out of his own funds.



Some pure speculation:

- I don't know how much of the premine is left, and how much might exist in BTC or another currency.

- It's possible that Dan diversified XC's funding to mitigate risk and/or to pay devs. Good plan in my opinion.

- It's possible that the premine could be used to generate profits on other coins, and thus replenish the premine.

I don't mind at all for you and the dev team to be paid with the premine. What I do mind is if you do this without stating publicly the amounts the addresses and the time you were/are paid.

This is just complying with the standards that the team itself set up to follow as per pizpie link with the addresses were mentioning that each expense was going to be public.

Let me put this to the community:

Would one or two of you be happy to take responsibility for tracking the premine? This is important because if the XC team had this responsibility, there could be a conflict of interest.

(Cryptico, expenditures are public because they're on a blockchain. We haven't, like, "failed to comply to our own standards." What's happened is simply that everyone seemed to see no need to keep track of the premine from week to week, and now we're playing catch-up. Looks like there's some tidying up to, but it's all there in the blockchain.)

Arlyn you'd better weight your words a bit more and read twice what you are posting about this topic here you have quite few senior xc members fed up on how lately things are handled in xc land. Off course everything is public in the block chain

I'm not an expert in tracking the block chain and all the transactions are there the fact is that I don't know where the money went and what they were used for. This you fail to comply with the standard set up by yourself. For example I can see that there was a 35000 movement in the second address of the pizpie reddit post on the 27 may all time high let's say it was sold for 0.004 those are 140 BTC for 600 dollars 84000 dollars . it's a lot of money.

Now I don't know from the block chain if that was a dump to an exchange or just a movement to another address because I'm not an expert on how to see that and track black chains transactions.

This where the fud speculation can begin and where was important for you to make public the use of those funds if they were sold or the movement of them and why.

Now please you can begin by stating how much you were paid with the premine till now and on with address.

Thank you. You see no caps. I'm improving

[reebokasss]

when another big news are coming about XC? NOT ABOUT BLOCKNET. this week? next week? XC needs big news like air, because if we see more FUD like now, 60k wont be a bottom :/

[synechist]

Morning folks

Hmm... Looks like we need to get you all some details about how the premine has been spent and which address(es) you can all keep track of it on. It's pretty important that you're able to do this.

We'll need to wait until Dan's awake since I don't have any access to the premine. But I can tell you a few things:

- I will reveal that some of the premine has been used to pay me. It's a full time job, and I'm happy to be paid in XC.

- Dan is very likely to have paid XC to devs for various things.

- I don't think that Dan has used the premine for his own expenses. I actually think he *should* use it for his expenses, and I hope he has, but I'm not sure he has. He's specifically mentioned that XChat was developed out of his own funds.



Some pure speculation:

- I don't know how much of the premine is left, and how much might exist in BTC or another currency.

- It's possible that Dan diversified XC's funding to mitigate risk and/or to pay devs. Good plan in my opinion.

- It's possible that the premine could be used to generate profits on other coins, and thus replenish the premine.

I don't mind at all for you and the dev team to be paid with the premine. What I do mind is if you do this without stating publicly the amounts the addresses and the time you were/are paid.

This is just complying with the standards that the team itself set up to follow as per pizpie link with the addresses were mentioning that each expense was going to be public.

Let me put this to the community:

Would one or two of you be happy to take responsibility for tracking the premine? This is important because if the XC team had this responsibility, there could be a conflict of interest.

(Cryptico, expenditures are public because they're on a blockchain. We haven't, like, "failed to comply to our own standards." What's happened is simply that everyone seemed to see no need to keep track of the premine from week to week, and now we're playing catch-up. Looks like there's some tidying up to, but it's all there in the blockchain.)

This is a joke isn't it?

On reddit https://www.reddit.com/r/XCofficialreddit/comments/26qqrq/xc_premine_wallet_made_public/  pizpie stated:

   Hello everyone, in our continued belief in complete transparency, here are the wallets that had / have the pre-mine:

    This one is where the funds were during launch:

    XTKDMBqrxABBFu8YUtP8wYQWvYULsVp4oa

    This is the address where the funds are now:

    XS4QLi6VpQQo79HLkoFBj5YZkn6p6TuLKG

   These funds will be used strictly for development, community growth. Any amount spent will be made public knowledge in our continued effort of transparency. If you have any questions, comment below or drop in on our IRC live chat.

    Thank you.

You should have made it public when you use money for something not tell the community afterwards when someone spotted it, that you don't know what for the money was used.

By Pizpie's statement, any *amount* spent will be made public knowledge.

That's what blockchains do. Every transaction is public knowledge.

As for revealing what the amounts were spent on, the commitment Pizpie made is that funds will be used strictly for development and community growth.
- This is an ethical commitment, because, for example, I personally would not like my income to be public. I'd imagine that it would only be under exceptional circumstances that this would be ethically called for. I value my privacy as much as any of you do.
- The most frequent purpose of tracking a premine is to check that the dev doesn't dump it. Clearly Dan hasn't done this. So do we have further concerns?
- If the community would like to extend the tracking to identify every single expense, well, I guess we'd need to consider it, but I wouldn't be put in a comfortable position.

In short, no, it's not a joke.

Now if there's anyone in the community interested in tracking premine expenditures, by all means, let everyone know.

[dannyspk]

A 16 BTC dump on Bter and a 6 BTC wall on 60k on Bittrex. This is getting ridiculous.

[wooder]

Morning folks

Hmm... Looks like we need to get you all some details about how the premine has been spent and which address(es) you can all keep track of it on. It's pretty important that you're able to do this.

We'll need to wait until Dan's awake since I don't have any access to the premine. But I can tell you a few things:

- I will reveal that some of the premine has been used to pay me. It's a full time job, and I'm happy to be paid in XC.

- Dan is very likely to have paid XC to devs for various things.

- I don't think that Dan has used the premine for his own expenses. I actually think he *should* use it for his expenses, and I hope he has, but I'm not sure he has. He's specifically mentioned that XChat was developed out of his own funds.



Some pure speculation:

- I don't know how much of the premine is left, and how much might exist in BTC or another currency.

- It's possible that Dan diversified XC's funding to mitigate risk and/or to pay devs. Good plan in my opinion.

- It's possible that the premine could be used to generate profits on other coins, and thus replenish the premine.

I don't mind at all for you and the dev team to be paid with the premine. What I do mind is if you do this without stating publicly the amounts the addresses and the time you were/are paid.

This is just complying with the standards that the team itself set up to follow as per pizpie link with the addresses were mentioning that each expense was going to be public.

Let me put this to the community:

Would one or two of you be happy to take responsibility for tracking the premine? This is important because if the XC team had this responsibility, there could be a conflict of interest.

(Cryptico, expenditures are public because they're on a blockchain. We haven't, like, "failed to comply to our own standards." What's happened is simply that everyone seemed to see no need to keep track of the premine from week to week, and now we're playing catch-up. Looks like there's some tidying up to, but it's all there in the blockchain.)

This is a joke isn't it?

On reddit https://www.reddit.com/r/XCofficialreddit/comments/26qqrq/xc_premine_wallet_made_public/  pizpie stated:

   Hello everyone, in our continued belief in complete transparency, here are the wallets that had / have the pre-mine:

    This one is where the funds were during launch:

    XTKDMBqrxABBFu8YUtP8wYQWvYULsVp4oa

    This is the address where the funds are now:

    XS4QLi6VpQQo79HLkoFBj5YZkn6p6TuLKG

   These funds will be used strictly for development, community growth. Any amount spent will be made public knowledge in our continued effort of transparency. If you have any questions, comment below or drop in on our IRC live chat.

    Thank you.

You should have made it public when you use money for something not tell the community afterwards when someone spotted it, that you don't know what for the money was used.

By Pizpie's statement, any *amount* spent will be made public knowledge.

That's what blockchains do. Every transaction is public knowledge.

As for revealing what the amounts were spent on, the commitment Pizpie made is that funds will be used strictly for development and community growth.
- This is an ethical commitment, because, for example, I personally would not like my income to be public. I'd imagine that it would only be under exceptional circumstances that this would be ethically called for. I value my privacy as much as any of you do.
- The most frequent purpose of tracking a premine is to check that the dev doesn't dump it. Clearly Dan hasn't done this. So do we have further concerns?
- If the community would like to extend the tracking to identify every single expense, well, I guess we'd need to consider it, but I wouldn't be put in a comfortable position.

In short, no, it's not a joke.

Now if there's anyone in the community interested in tracking premine expenditures, by all means, let everyone know.

Only 6k are left so there isn't much to track anymore. "Any amount spent will be made public knowledge in our continued effort of transparency. "

Made public doesn't mean to have a blockchain as otherwise this sentence is just a waste of space, i read it more like, the XC team will announce what for the money is used in a proactive way.

You and the other XC members are the only people that can track the coins and tell the community what the money is used for. We can now also see the that money was moved but no one knows where. Even if you state that you don't dumped it we have to believe you and as it seems believing in the XC team statements isn't the best idea at least when i look at the reddit statement and the premine wallet.

[the_game1224]

You should have made it public when you use money for something not tell the community afterwards when someone spotted it, that you don't know what for the money was used.

By Pizpie's statement, any *amount* spent will be made public knowledge.

That's what blockchains do. Every transaction is public knowledge.

As for revealing what the amounts were spent on, the commitment Pizpie made is that funds will be used strictly for development and community growth.
- This is an ethical commitment, because, for example, I personally would not like my income to be public. I'd imagine that it would only be under exceptional circumstances that this would be ethically called for. I value my privacy as much as any of you do.
- The most frequent purpose of tracking a premine is to check that the dev doesn't dump it. Clearly Dan hasn't done this. So do we have further concerns?
- If the community would like to extend the tracking to identify every single expense, well, I guess we'd need to consider it, but I wouldn't be put in a comfortable position.

In short, no, it's not a joke.

Now if there's anyone in the community interested in tracking premine expenditures, by all means, let everyone know.

Sorry to be harsh and direct to the point but please stop twisting words, it is really starting to wear on us all.  There have been several examples where you have done this in the past and it gives a terrible impression.

Anyway back to the topic at hand...  I have no problem if the entire pre-mine was spent, you all have done a lot of work and deserve to be paid.
However it sure was implied that we would be informed and NOT via us having to monitor the blockchain 24/7.    Again I don't care if you all were paid with it, actually you should be.  But definitely left XC open to FUD in the way it was done.

[synechist]

Morning folks

Hmm... Looks like we need to get you all some details about how the premine has been spent and which address(es) you can all keep track of it on. It's pretty important that you're able to do this.

We'll need to wait until Dan's awake since I don't have any access to the premine. But I can tell you a few things:

- I will reveal that some of the premine has been used to pay me. It's a full time job, and I'm happy to be paid in XC.

- Dan is very likely to have paid XC to devs for various things.

- I don't think that Dan has used the premine for his own expenses. I actually think he *should* use it for his expenses, and I hope he has, but I'm not sure he has. He's specifically mentioned that XChat was developed out of his own funds.



Some pure speculation:

- I don't know how much of the premine is left, and how much might exist in BTC or another currency.

- It's possible that Dan diversified XC's funding to mitigate risk and/or to pay devs. Good plan in my opinion.

- It's possible that the premine could be used to generate profits on other coins, and thus replenish the premine.

I don't mind at all for you and the dev team to be paid with the premine. What I do mind is if you do this without stating publicly the amounts the addresses and the time you were/are paid.

This is just complying with the standards that the team itself set up to follow as per pizpie link with the addresses were mentioning that each expense was going to be public.

Let me put this to the community:

Would one or two of you be happy to take responsibility for tracking the premine? This is important because if the XC team had this responsibility, there could be a conflict of interest.

(Cryptico, expenditures are public because they're on a blockchain. We haven't, like, "failed to comply to our own standards." What's happened is simply that everyone seemed to see no need to keep track of the premine from week to week, and now we're playing catch-up. Looks like there's some tidying up to, but it's all there in the blockchain.)

This is a joke isn't it?

On reddit https://www.reddit.com/r/XCofficialreddit/comments/26qqrq/xc_premine_wallet_made_public/  pizpie stated:

   Hello everyone, in our continued belief in complete transparency, here are the wallets that had / have the pre-mine:

    This one is where the funds were during launch:

    XTKDMBqrxABBFu8YUtP8wYQWvYULsVp4oa

    This is the address where the funds are now:

    XS4QLi6VpQQo79HLkoFBj5YZkn6p6TuLKG

   These funds will be used strictly for development, community growth. Any amount spent will be made public knowledge in our continued effort of transparency. If you have any questions, comment below or drop in on our IRC live chat.

    Thank you.

You should have made it public when you use money for something not tell the community afterwards when someone spotted it, that you don't know what for the money was used.

By Pizpie's statement, any *amount* spent will be made public knowledge.

That's what blockchains do. Every transaction is public knowledge.

As for revealing what the amounts were spent on, the commitment Pizpie made is that funds will be used strictly for development and community growth.
- This is an ethical commitment, because, for example, I personally would not like my income to be public. I'd imagine that it would only be under exceptional circumstances that this would be ethically called for. I value my privacy as much as any of you do.
- The most frequent purpose of tracking a premine is to check that the dev doesn't dump it. Clearly Dan hasn't done this. So do we have further concerns?
- If the community would like to extend the tracking to identify every single expense, well, I guess we'd need to consider it, but I wouldn't be put in a comfortable position.

In short, no, it's not a joke.

Now if there's anyone in the community interested in tracking premine expenditures, by all means, let everyone know.

Only 6k are left so there isn't much to track anymore. "Any amount spent will be made public knowledge in our continued effort of transparency. "

Made public doesn't mean to have a blockchain as otherwise this sentence is just a waste of space, i read it more like, the XC team will announce what for the money is used for to be transparent.

You and the other XC members are the only people that can track the coins and tell the community what the money is used for. We can now also see the that money was moved but no one knows where. Even if you state that you don't dumped it we have to believe you and as it seems believing in the XC team statements isn't the best idea at least when i look at the reddit statement and the premine wallet.

So your interpretation of Pizpie was that we'd provide details on the purpose of every single payment from the premine addresses?

Aside from the fact that this isn't what Pizpie committed to, do you think that it would be ethical for us to disclose people's salaries?

(I'm not asking this rhetorically btw. I'm genuinely interested. It's a priority of ours that the community is part of this process.)

[cryptico]

So your interpretation of Pizpie was that we'd provide details on the purpose of every single payment from the premine addresses?

Aside from the fact that this isn't what Pizpie committed to, do you think that it would be ethical for us to disclose people's salaries?

(I'm not asking this rhetorically btw. I'm genuinely interested. It's a priority of ours that the community is part of this process.)

Yes it does it is the only way to fairly track a premine and set a standard for transparency in crypto land.