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

[BootstrapCoinDev]

what happened?  

XC Premine was discovered to be gone and admitted to by the team.  I think we found out who was selling off on good news time after time....The XC Team selling the premine.  

was discovered by whom? Can anyone confirm this statement?

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

https://chainz.cryptoid.info/xc/address.dws?XS4QLi6VpQQo79HLkoFBj5YZkn6p6TuLKG.htm

only 6k are left of nearly 500k

Wrong, 500k is not the initial sum, but the whole turnover.

sorry i didn't check the whole inputs but it seems that there is nearly nothing left

according to what is stated in the op premine should be near 125K

[1714790016]

1714790016

[1714790016]

1714790016

[braxx]

has anyone noticed that the redrawals of the premine is consistent?

I have left out (what I think is ) staking

Why so troubled?

Code:

Hash	Block	Date/Time	Amount	Balance
f3c89fca31...	166331	29/10/2014 10:31	-9,337.837939XC	6,072.225223XC
a748119805...	166326	29/10/2014 10:23	-3,290.244664XC	15,410.063162XC
a41597073c...	165629	28/10/2014 17:23	-59.953384XC	18,698.806699XC
219a09e481...	164826	27/10/2014 21:29	-159.719937XC	18,756.601176XC
88dfe37ccd...	143618	5/10/2014 17:14	 -4,134.601126XC	18,876.756299XC
a106fdec4c...	133921	25/09/2014 17:35	-510.474117XC	22,993.305227XC
f651eb300e...	133904	25/09/2014 17:11	-113.477094XC	23,503.743764XC
9478d6e4ac...	132344	24/09/2014 4:12	-29.62177XC	23,614.310303XC
4a1e258feb...	132174	23/09/2014 23:58	-4,969.11101XC	23,643.64387XC
662848ff5d...	131365	23/09/2014 4:24	-43.565282XC	28,612.75488XC
61eed6a1d0...	130909	22/09/2014 17:23	-675.010029XC	28,656.016085XC
31b2c3ff4c...	130798	22/09/2014 14:31	-28.026984XC	29,330.442045XC
a7bb63a07e...	130110	21/09/2014 21:20	-732.323243XC	29,356.01013XC
c712100bb0...	130110	21/09/2014 21:20	-739.990025XC	30,832.837606XC
f4647bc43c...	130110	21/09/2014 21:20	-744.504233XC	30,088.333373XC
f121663478...	130109	21/09/2014 21:17	-750.010026XC	31,572.827631XC
f660e14f10...	129980	21/09/2014 18:24	-28.02XC	32,322.757008XC
407810f9d6...	129270	21/09/2014 0:59	-28.665995XC	32,347.783983XC
d183da74f0...	129253	21/09/2014 0:33	-4.71748XC	32,376.449978XC
265d7e5405...	128445	20/09/2014 4:35	-4.721211XC	32,379.389918XC
b9c39390df...	128377	20/09/2014 2:55	-9.436786XC	32,384.058306XC
effd8ba64d...	128373	20/09/2014 2:52	-29.005449XC	32,393.495092XC
638bc2352b...	128277	20/09/2014 0:31	-35.286239XC	32,422.500541XC
cb7ff79a1b...	127467	19/09/2014 4:35	+1.335207XC	32,453.877851XC
3ec157e2e7...	127414	19/09/2014 3:20	-6.286878XC	32,452.542644XC
9c86865d6a...	127233	18/09/2014 22:58	-28.66149XC	32,458.822406XC
8caa1fe4e6...	127223	18/09/2014 22:32	-28.66XC	32,487.483896XC
89fdf1ac5f...	127122	18/09/2014 20:16	-9.445868XC	32,516.040348XC
1b63366fc4...	127030	18/09/2014 18:06	-740.00969XC	32,525.452187XC
b791fd1d2d...	126847	18/09/2014 13:32	-28.983006XC	33,265.286894XC
24f4cef919...	126839	18/09/2014 13:25	-32.131201XC	33,294.200928XC
a77cd5a226...	126630	18/09/2014 8:16	-6.29151XC	33,325.624576XC
065491e55b...	126628	18/09/2014 8:14	-4.717846XC	33,331.916086XC
57f91aee41...	126627	18/09/2014 8:13	-4.724156XC	33,336.633932XC
5f857817f5...	126484	18/09/2014 4:33	+2.037792XC	33,340.95019XC
6ec3946ec8...	126368	18/09/2014 1:41	-6.304955XC	33,338.912398XC
bad270955a...	126350	18/09/2014 1:17	-32.302378XC	33,345.165442XC
2eb4e2f2c4...	126077	17/09/2014 18:27	-2,949.010052XC	33,377.13017XC
398e0bebd3...	125518	17/09/2014 4:37	+2.102546XC	36,324.615499XC
adbaa964ad...	124945	16/09/2014 18:44	-1.583035XC	36,322.505837XC
719a337e99...	124782	16/09/2014 16:57	-1,001.00002XC	37,303.677722XC
35b09e5a79...	124782	16/09/2014 16:57	-979.87103XC	36,323.806692XC
ab20df14e5...	124779	16/09/2014 16:56	-1,000.746156XC	38,304.677742XC
242f0aa8d5...	123985	16/09/2014 4:26	+2.000452XC	39,303.691043XC
ce7fc65b38...	123888	16/09/2014 2:11	-1.58XC	39,301.594708XC
202dea210e...	123884	16/09/2014 2:05	-1.585032XC	39,303.078093XC
6ee2fb8904...	123875	16/09/2014 1:52	-29.14XC	39,304.663125XC
0501fab587...	123872	16/09/2014 1:48	-5.015545XC	39,333.803125XC
85fd50317e...	123846	16/09/2014 1:16	-1.57XC	39,338.81867XC
6e6904f229...	123834	16/09/2014 0:54	-3.150719XC	39,340.364767XC
3fc877c579...	123823	16/09/2014 0:40	-3.14XC	39,343.515486XC
8c72cacbe3...	122588	15/09/2014 4:16	+16.785584XC	39,345.986756XC
6b973ac9f3...	122586	15/09/2014 4:15	+2.14XC	39,329.201172XC
d2df29319b...	121396	14/09/2014 4:20	+27.852889XC	39,326.22111XC
42b054bf8a...	121395	14/09/2014 4:18	+9.83855XC	39,298.368221XC
eee795fb57...	120217	13/09/2014 4:26	+3.464366XC	39,287.818516XC
580c71aafe...	119763	12/09/2014 17:28	-28.351266XC	39,283.728153XC
8c1c4aa07b...	119700	12/09/2014 15:44	-28.35XC	39,312.02103XC
8bd4b429c9...	112660	7/09/2014 2:26	-29.57XC	39,317.230971XC
cef749997a...	112648	7/09/2014 2:14	-55.954018XC	39,346.800971XC
f81b72afa0...	112636	7/09/2014 2:00	-29.278698XC	39,402.754989XC
0ff360b72f...	112576	7/09/2014 0:27	-29.27XC	39,431.458404XC
e8dc393f4b...	112543	6/09/2014 23:32	-55.96XC	39,460.728404XC
8e9d37eb94...	112502	6/09/2014 22:30	-29.918277XC	39,516.061939XC
38fa84b63b...	112489	6/09/2014 22:20	-29.9XC	39,545.723123XC
d2028b13ac...	112487	6/09/2014 22:13	-1,000.010017XC	41,481.994659XC
c0fd11bf5a...	112487	6/09/2014 22:13	-1,000.010021XC	40,481.984638XC
e635142c23...	112487	6/09/2014 22:13	-906.361515XC	39,575.623123XC
b1437960e9...	112479	6/09/2014 22:04	-112.009793XC	42,482.004676XC
b5d0cf4586...	112471	6/09/2014 21:44	-20.538206XC	42,594.014469XC
20db3dd0e6...	112331	6/09/2014 18:25	-30.53XC	42,613.826951XC
d3a877fc52...	112326	6/09/2014 18:16	-100.01577XC	42,644.356951XC
68bc286bd2...	112321	6/09/2014 18:09	-100.010094XC	42,744.372721XC
1330063efa...	112315	6/09/2014 17:57	-61.638747XC	42,844.382815XC
d695e3d0ad...	112299	6/09/2014 17:34	-100.0XC	42,906.016089XC
e90458020e...	109320	3/09/2014 15:20	-4,830.010087XC	42,988.233461XC
aa0abd2c10...	107406	1/09/2014 15:34	-481.011439XC	47,801.828341XC
432d815248...	107404	1/09/2014 15:33	-99.019781XC	48,282.83978XC

[synechist]

Hi all

I can now give some clarity on the status of XC's premine:

- The premine has been completely spent since mid September.

- Dan has been part-funding XC's development since day one (XChat and the multipool, among other things), and funding it entirely since Rev 2.

- Dan will continue to fund XC's development, and so nothing about the source of the funding or the pace of development will change.

- Specifically, XC's funding comes from Dan's corporation, which has pioneered IP over RF in marine environments.

- The premine was not dumped or traded for profit at any stage.

- The premine was used exclusively for paying for XC's project - that is, for Teka and I to work, for websites, PR expenses, the ATM deal, etc.



XC is, and will continue to be, Dan's baby. He has personally invested over 1000 hours of his time into it.
Since it's been developed at his own expense for some time, you have good reason to believe that he won't just lose interest.
His personal stake is significant, and this serves to increase his commitment.

[KimmyF]

And what about XXVTS3279gzC5kagTCrEe4x5R7urnm6h2b

[wooder]

Hi all

I can now give some clarity on the status of XC's premine:

- The premine has been completely spent since mid September.

- Dan has been part-funding XC's development since day one (XChat and the multipool, among other things), and funding it entirely since Rev 2.

- Dan will continue to fund XC's development, and so nothing about the source of the funding or the pace of development will change.

- Specifically, XC's funding comes from Dan's corporation, which has pioneered IP over RF in marine environments.

- The premine was not dumped or traded for profit at any stage.

- The premine was used exclusively for paying for XC's project - that is, for Teka and I to work, for websites, PR expenses, the ATM deal, etc.



XC is, and will continue to be, Dan's baby. He has personally invested over 1000 hours of his time into it.
Since it's been developed at his own expense for some time, you have good reason to believe that he won't just lose interest.
His personal stake is significant, and this serves to increase his commitment.

Thanks synechist, but it would have been nice to hear this from Dan himself.  

What incentive does Dan have to continue this project now?  If Dan has no investment in XC, this project is now a loss for him.  What incentive does he have to put money into a project that he will not get a return on his investment from (because he has no investment, other than his "reputation")?  

It's no wonder that he started doing a bunch of code reviews on scam coins ran by pump groups.  And it's no wonder he has now "refocused" the direction of XC with blocknet.

Good question.

- The premine was not dumped or traded for profit at any stage.

This could have been confirmed when the wallet would have been managed in a transparent way.

[synechist]

Hi all

I can now give some clarity on the status of XC's premine:

- The premine has been completely spent since mid September.

- Dan has been part-funding XC's development since day one (XChat and the multipool, among other things), and funding it entirely since Rev 2.

- Dan will continue to fund XC's development, and so nothing about the source of the funding or the pace of development will change.

- Specifically, XC's funding comes from Dan's corporation, which has pioneered IP over RF in marine environments.

- The premine was not dumped or traded for profit at any stage.

- The premine was used exclusively for paying for XC's project - that is, for Teka and I to work, for websites, PR expenses, the ATM deal, etc.



XC is, and will continue to be, Dan's baby. He has personally invested over 1000 hours of his time into it.
Since it's been developed at his own expense for some time, you have good reason to believe that he won't just lose interest.
His personal stake is significant, and this serves to increase his commitment.

Thanks synechist, but it would have been nice to hear this from Dan himself.  

What incentive does Dan have to continue this project now?  If Dan has no investment in XC, this project is now a loss for him.  What incentive does he have to put money into a project that he will not get a return on his investment from (because he has no investment, other than his "reputation")?

Dan's incentive is his conviction about the value of XC's tech.

Add this to the resources he's sunk into XC, and you've got a keeper.

[BitcoinOnFire]

To say XC is going down because of the overall market is just wrong.  If that was the case XC would still be in the top 15 with all coins declining in a similar way.  But, XC is now sitting close to number 30 on the coinmarket cap list.  It's obvious that something is specifically wrong with XC.  Sorry, that's just the way it is.  I was lucky that I saw this coming and sold out above 110k.

I disagree sth is wrong with XC, it's just XC missing a good marketing team. Marketing is everyday fighting and shouting why is XC better then others, gaining new exchanges, marketplaces and so on...

I repat what I beliebe, price going down because:
1) investors waiting long, but no market development (no new exchanges and no xc real world applications - places where you can buy...)
2) mintpal is down - one of the biggest exchanges
3) XC recently was basically addicted to bittrex - a signle exchange. What you imagine could happen if also bittrex was to be closed?
4) no marketing actions, advertising, tutorial, user friendly manuals how to, comunity building.

Basically noone heer take care about investors and building community and the other marketing things... It's the same as to sey "we dont care about the price".

What XC needs mostly is funding community, education and marketing.

Ask yourself why other shity coins are higher? The ansewre is the clue

Fund some adds on coinmarketcap why XC is revolutionary and what plans in the future and you will see what will happend. A mirracle

[Longenecker]

Hi all

I can now give some clarity on the status of XC's premine:

- The premine has been completely spent since mid September.

- Dan has been part-funding XC's development since day one (XChat and the multipool, among other things), and funding it entirely since Rev 2.

- Dan will continue to fund XC's development, and so nothing about the source of the funding or the pace of development will change.

- Specifically, XC's funding comes from Dan's corporation, which has pioneered IP over RF in marine environments.

- The premine was not dumped or traded for profit at any stage.

- The premine was used exclusively for paying for XC's project - that is, for Teka and I to work, for websites, PR expenses, the ATM deal, etc.



XC is, and will continue to be, Dan's baby. He has personally invested over 1000 hours of his time into it.
Since it's been developed at his own expense for some time, you have good reason to believe that he won't just lose interest.
His personal stake is significant, and this serves to increase his commitment.

Thanks synechist, but it would have been nice to hear this from Dan himself.  

What incentive does Dan have to continue this project now?  If Dan has no investment in XC, this project is now a loss for him.  What incentive does he have to put money into a project that he will not get a return on his investment from (because he has no investment, other than his "reputation")?

Dan's incentive is his conviction about the value of XC's tech.

Add this to the resources he's sunk into XC, and you've got a keeper.

This is terrible reasoning.  Conviction about the value of XC's tech is not adequate incentive if it is costing you thousands of dollars that you will not see a greater return on because you are not invested in the coin by holding XC.  

Unless Dan personally holds XC, there is no incentive to continue a project that will lose him money.  He cannot make money from XC unless he holds XC, thus, he has no incentive to continue the project other than his "reputation" and "beliefs" which, as we all know, HOLD NO WATER.

[mav137]

Makes sense in my opinion to get some alternative funding to keep on going. I don't really bother about using the premine, because thats what it is used for, to develop and expand.

If the entire crypto market wouldnt have dived down the entire picture would have looked different.

The question remains how we continue from here. No doubt the Fudsters are having their day now.
For the people still believing, we should not worry about the premine being spend already, but focus on a feasible schedule with milestones and what is needed to get there.

I dont mind the price dropping, although there will be plenty of people exiting with a loss right now.
I do like to see the team sharing focussing on what we an accomplish with the current pace of development.
If more money is needed to continue development, I would be willing to by into XC INC now to make sure we actually get there

Focus points should be: Quick wins (Mobile wallet / Fix group chat / Stealth addresses and getting to Rev 3 as soon as possible so we can go open source.

[UnicornFarts]

Conviction about the value of XC's tech

= not dumping your stash.  actions speak louder than words.

Edit:  To those wanting to give their opinions please don't push your own personal coin choices.  it looks tacky.

[G-Bert]

http://www.youtube.com/watch?v=Uww9zHpIGgc

[JakeThePanda]

To say XC is going down because of the overall market is just wrong.  If that was the case XC would still be in the top 15 with all coins declining in a similar way.  But, XC is now sitting close to number 30 on the coinmarket cap list.  It's obvious that something is specifically wrong with XC.  Sorry, that's just the way it is.  I was lucky that I saw this coming and sold out above 110k.

I disagree sth is wrong with XC, it's just XC missing a good marketing team. Marketing is everyday fighting and shouting why is XC better then others, gaining new exchanges, marketplaces and so on...

Funny how you disagree that something's wrong with XC, but then you rattle off a whole host of problems with marketing and the team.  When I say something is wrong with XC, it doesn't necessarily mean the tech.

[NewWorldCoiner]

Hi all

I can now give some clarity on the status of XC's premine:

- The premine has been completely spent since mid September.

- Dan has been part-funding XC's development since day one (XChat and the multipool, among other things), and funding it entirely since Rev 2.

- Dan will continue to fund XC's development, and so nothing about the source of the funding or the pace of development will change.

- Specifically, XC's funding comes from Dan's corporation, which has pioneered IP over RF in marine environments.

- The premine was not dumped or traded for profit at any stage.

- The premine was used exclusively for paying for XC's project - that is, for Teka and I to work, for websites, PR expenses, the ATM deal, etc.



XC is, and will continue to be, Dan's baby. He has personally invested over 1000 hours of his time into it.
Since it's been developed at his own expense for some time, you have good reason to believe that he won't just lose interest.
His personal stake is significant, and this serves to increase his commitment.

Has the premine been used to pay the guy from Addidas?

Any miraculous marketing strategies in the pipeline, or are we skint now?

[UnicornFarts]

A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.

You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.

its pretty clear that the intentions here were to dump XC and switch to blocknet, not just their funds but developement as well. What they dont seem to get is that blocknet is going to go down in flames as well now thanks to their bullshit. Its sad really the stupidity and lack of thinking things through in crypto.

they got the bitcoins for blocknet already.  doesn't matter.

they got what they wanted.  hold off the FUD just long enough to get blocknet pushed thru.

[synechist]

None of the premine was dumped, ever.

It was not used to buy Blocknet tokens.

And I was not aware that the premine was spent by mid-Sept until today.

I apologise - again - for our not having maintained a list of our spending of it. As the person in charge of PR, I take personal responsibility for this. I was not aware of Pizpie's statement on Reddit (and I'm not sure I was part of the team then), but I was aware of the importance of being transparent about spending.

Anyway, moving forward, we've got funding and we've got Dan's deep commitment to XC.

All's well IMO.

[G-Bert]

Just out of interest... where's Dan, and what is his opinion on what is going on?

Not heard a peep since the ITO started.  

[Artoodeetoo]

This is really bad news, looks like the mystery dumpers were the hired help.. great.. Dan has always seemed like a great guy but I think he will find this decision and the lack of transparency to be a catastrophic error of judgement... very, very sad to see this...

Back in the day would I have bought on good news knowing I was probably helping the dumpers get out.. no way....

Also synechist, you do a great job and I often praised it but I had no idea you were on the payroll, ditto teka... this really does not sit well...

[wooder]

None of the premine was dumped, ever.

It was not used to buy Blocknet tokens.

And I was not aware that the premine was spent by mid-Sept until today.

I apologise - again - for our not having maintained a list of our spending of it. As the person in charge of PR, I take personal responsibility for this. I was not aware of Pizpie's statement on Reddit (and I'm not sure I was part of the team then), but I was aware of the importance of being transparent about spending.

Anyway, moving forward, we've got funding and we've got Dan's deep commitment to XC.

All's well IMO.

Did you see the price? The problem is see now for XC is how earn trust again.

[synechist]

No shills please CoolStoryteller.

[UnicornFarts]

Anyway, moving forward, we've got funding and we've got Dan's deep commitment to XC.

When you are deleting posts referencing official stance on how XC funds will be spent in the blocknet thread?

ROFL - well glad all is well for you there buddie. 

what a crock.