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Driv3n
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July 04, 2014, 03:09:51 PM |
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This is great news, in addition to this can we all contact bter and ask that they add XC to the CNY market? I'm sure that would help as well. |
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almond
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July 04, 2014, 03:10:59 PM |
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Another factor to watch, that will contribute to the rise in value of XC is the velocity of money. The velocity of money is how often a given unit of currency changes hands. Economists say that as the velocity of money goes up for a given currency, so does that currency's value, relative to other currencies. In other words, the more 'useful' a currency is, the more valuable it becomes.
XC currently has an extrememly low velocity of money. The only reason to own XC these days is to speculate on it's future value; the coin is still in beta, and we can only send a max of 10 coins anonymously. And the dev team is only just starting to work on creating multiple uses for XC, including acceptance as a medium of exchange.
As XC becomes useful it's velocity of money will increase, and so will it's value relative to other currencies.
I'm hoping for escape velocity.
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Indeed. My guess is that'll come when all the mainstream integration kicks in (Android, POS, ATMs, XC mastercard...).
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I think you're right. The coming technical milestone of REV 2 is very important, and so are the coming marketing milestones, but their impact on the price of XC is going to be small compared to the impact on it's price from a high velocity of money.
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Freedom of the press is guaranteed only to those who own one
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mojun7982
Full Member
 Offline
Activity: 269
Merit: 100
The Standard Protocol - Solving Inflation
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July 04, 2014, 03:14:31 PM |
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Very GOOD NEWS! Thank you!!! Hi friend It's very very nice! |
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bitcad4u
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July 04, 2014, 03:18:28 PM |
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You have my support!
And my axe! where will the price go after rev.2? 0.01?  Any speculation? We will be able to say 'Hello' to Felix Baumgartner.  |
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SuperSta
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July 04, 2014, 03:22:01 PM |
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XC multipool is a joke, right?
0.026858 XC per MH of X11 ? Seriously?
Not sure where you're pulling that figure from. You can't compare one MHs from one algo with another. e.g. you can't compare 1MHs for scrypt with 1MHs with Sha256 on a direct like for like basis. As is it stands right now for the multipool we have something like this, as time goes on we will get a clearer picture of the profitability. Scrypt ~ 0.5 XC/MHs/Day X11 ~ 0.5 to 1 XC/MHs/Day SHA256 ~ 1.5 to 2 XC/MHs/Day However this could be off now as these are based on XC being 0.0012 lol a lot has happened in the past 24 hours. Happy 4th! Sta Sorry I think I was low on blood sugar when I wrote this. I don't want to write any more stats but I guess I have to correct this now. Scrypt ~ 0.5 XC / MHs / Day X11 ~ 0.5 to 1 XC / 4 MHs / Day SHA256 ~ 1.5 to 2 XC / 85 GHs / Day That's what I should have wrote, but its incredibly early days right now so we'll see if it pans out. |
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cyberhacker
Legendary
Offline
Activity: 1330
Merit: 1000
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July 04, 2014, 03:29:16 PM |
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hi. seems i have to involve in this matter i know who did translation, and he is a very nice guy. but to be honest this man live in states for so long and some kind of newbie in crypto. some translation..... do you mind if i refurbish it but give me some time. tomorrow is weekend |
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Teka (OP)
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July 04, 2014, 03:38:27 PM |
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hi. seems i have to involve in this matter i know who did translation, and he is a very nice guy. but to be honest this man live in states for so long and some kind of newbie in crypto. some translation..... do you mind if i refurbish it but give me some time. tomorrow is weekend I can make you a mod in the chinese subforum on our forum? |
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BrewCrewFan
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July 04, 2014, 03:43:38 PM |
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I'm interested in this coin but I was looking over the codebase, is there any reason you decided to remove the git history?
Obviously this was forked from another coin and for some reason the entire git history was removed and the codebase was pushed in one commit.
It is hard to follow what is going on and where it is coming from.
If you are feeling reluctant to invest its ok. You could probably try a new fresh p&d coin with anonymosu features. You know, anonymous developer, anonymous team, anonymous PR, anonymous block explorer, anonymous premine, etc  The ones I like are the ones who are newbies with the name of the coin as the user name. Not saying they are all like that, but I am getting a feeling its something like you see out of Nigeria, a Con bank who try to con you out of the money and they work like telemarketers.... but this is for cryptos lol. |
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cyberhacker
Legendary
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Activity: 1330
Merit: 1000
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July 04, 2014, 03:48:53 PM |
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I can make you a mod in the chinese subforum on our forum?
thanks Teka, i am more than willing to.. but as i have a full time job recently, i may let you guys down. let's find another competent guy. nevertheless i will do my best to do some contribution. hope i can retire soon with bunch of XC |
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pratico
Newbie
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Activity: 28
Merit: 0
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July 04, 2014, 03:56:43 PM |
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Teka, at the most recent AMA, you said that there were 5 developers / coders working full-time for XC (atc & jasinlee included). You said 2 on Xnode, 2 on EMs/Ec and 1 on QT.
However, in the OP, it only lists atcsecure and jasinlee as full-time developers.
My question is: Why are the other 3 developers not listed anywhere?
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qawzsx
Sr. Member
Offline
Activity: 280
Merit: 250
NOT FUD! FACTS!
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July 04, 2014, 04:01:22 PM |
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Teka, at the most recent AMA, you said that there were 5 developers / coders working full-time for XC (atc & jasinlee included). You said 2 on Xnode, 2 on EMs/Ec and 1 on QT.
However, in the OP, it only lists atcsecure and jasinlee as full-time developers.
My question is: Why are the other 3 developers not listed anywhere?
Is that even relevant? Who cares who they are? Maybe they don't even want to make their name/username public... Do you feel the urge so badly to ask irrelevant questions? |
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Teka (OP)
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July 04, 2014, 04:03:19 PM |
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Teka, at the most recent AMA, you said that there were 5 developers / coders working full-time for XC (atc & jasinlee included). You said 2 on Xnode, 2 on EMs/Ec and 1 on QT.
However, in the OP, it only lists atcsecure and jasinlee as full-time developers.
My question is: Why are the other 3 developers not listed anywhere?
I personally believe that those developers are the most important especially atc, since nothing gets put out with his approval. As far as I'm aware, they would prefer to stay anonymous. |
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pratico
Newbie
Offline
Activity: 28
Merit: 0
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July 04, 2014, 04:06:59 PM |
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Teka, at the most recent AMA, you said that there were 5 developers / coders working full-time for XC (atc & jasinlee included). You said 2 on Xnode, 2 on EMs/Ec and 1 on QT.
However, in the OP, it only lists atcsecure and jasinlee as full-time developers.
My question is: Why are the other 3 developers not listed anywhere?
I personally believe that those developers are the most important especially atc, since nothing gets put out with his approval. As far as I'm aware, they would prefer to stay anonymous. Thanks for the response. |
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therightmintality
Member
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Activity: 98
Merit: 10
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July 04, 2014, 04:12:57 PM |
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What a great Holiday... woke up, had a coffee, fired up the Ipad and saw I could buy XC below 19 again, picked up some more coins and also noticed the sell wall looks great. Only 25 BTC to get to .00228 and the buy wall is giant...
I have buy orders back in at 150sat.. if it ever gets there again.. but yes, time to stock up more today Doesn't look like will get there. Sell wall is small. The last few days shook out some more weak hands. BTC down a little, its a great time to buy. The thing I like most about this coin is that the mining is complete. Other coins that have watched are fighting dilution. They go up in value, it becomes more and more attractive to mine, and many sell as soon as they get the coins. The supply of coins is increasing on a daily basis and this increases volume, and Market Cap, but puts downward pressure on the price. I looked at some of these coins and thought about investing, but the price I pay per coin is much higher that a the cost of mining a coin. This will eventually catch up and the price will slowly fluctuate up a down, with a longer term downward trend. I am comparing this to traditional investment where if a stock splits, the price in turn doubles so the stock is not diluted. So, why would I invest in a coin that added significant shares through continued mining, with no immediate price change, other than downward sell pressure due to miners wanting to recoup cost and see this as an income source/job. I like XC because it rewards current coinholders with a dividend, like a traditional stock, that is usually kept in the account and not immediately sold. Just trying to think through this... Does this make sense to you? I've enjoyed reading your posts. You are dead on accurate about the dilution of value with coins that are still being minted. An advantage that XC clearly enjoys. Another factor to watch, that will contribute to the rise in value of XC is the velocity of money. The velocity of money is how often a given unit of currency changes hands. Economists say that as the velocity of money goes up for a given currency, so does that currency's value, relative to other currencies. In other words, the more 'useful' a currency is, the more valuable it becomes. XC currently has an extrememly low velocity of money. The only reason to own XC these days is to speculate on it's future value; the coin is still in beta, and we can only send a max of 10 coins anonymously. And the dev team is only just starting to work on creating multiple uses for XC, including acceptance as a medium of exchange. As XC becomes useful it's velocity of money will increase, and so will it's value relative to other currencies. I'm hoping for escape velocity. I agree, while this is called a currency, it is still in it's infancy. Once XC is used as a true currency, its value will stabilize and fluctuate with other currencies in the world market. When or if that happens the price with only 5.5M coins would be beyond most on this board's imagination. This is what makes XC different... Other coins with mining continuing for 20-30 years will struggle for price stability. If they would become a true currency, they would fight inflationary pressures of their coin. An example, if you google or look at the history of Zimbabwe. They printed excess currency to fund political goals and debt. They had hyperinflation of over well over million percent. It cost $145,000 in 2008 for a bread roll, or .69 in USD. Their currency collapsed and now they use other world currencies. While this is an extreme example, cryptocurrency with ongoing mining will fight dilution. I believe this is true of Bitcoin. It had a run up with the principals of velocity and its wider use and acceptance, but it will now fluctuate with other currency and what goods and services it can buy, while fighting dilution from other coins entering the market. This is why it has come back to its current range. other good examples of hyperinflation include Chile, & Argentina in recent decades, and of course the Weimar Republic - Germany just before WW2. But those are extreme and only useful to prove your point. I don't think that hyperinflation of DRK is going to cause WW3 ! Although it may cause some FUD..... One way to pose the question of bitcoin's price future is to ask whether the impact of the growth of it's velocity of money, as it gains greater acceptance, will exceed the impact of the decrease in price from dilution, and increasing money supply ? The fed estimates the velocity of the dollar for a number of different M's. Is there similar measure of the velocity of crypto currencies ? This is definitely why I used the word extreme to explain my point. However, it is not FUD against other coins. If you add dollars to the M1 money supply it will create inflation, or will cost more dollars to buy goods and services. The same would be true for crypto that was still minting coins. The price may be stable or even rising of each individual coin, however, it will take more of that coin to buy goods and services, the decreasing its value, ie dilution. I believe I wrote a paper in grad school on velocity and money supply in relation to the IMF that would be interesting to read if I could find it. However, I am old and that was 25 years ago... We didn't have laptops, clouds, and USB drives. It is actually on an old 2.5 hard disc somewhere in a box. LOL It would be fun to analyze crypto and have a C1-C3 components and their forecast. If an alt coin can become mainstream, even more so than BTC, it will be interesting to see how the M4 is calculated. If use and holdings continue it almost would need to be included in the M4. Also, I never mentioned any particular coin, as this would be true with any that continued Minting. |
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conradjohnson
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July 04, 2014, 04:33:02 PM |
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At these prices, couldn't help getting a few more XC.
Also chucked in 0.0495 BTC into the pot for the press release to addy BTC: 1HCCyPaEdoiPgJuUSXEZgYuQRVQeeNNShZ - I'm assuming we're doing a Chinese PR translation and release with this next round also?!?!?
Can you confirm you got it?
Thanks and Happy 4th!!!
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synechist
Legendary
Offline
Activity: 1190
Merit: 1000
To commodify ethicality is to ethicise the market
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July 04, 2014, 04:58:53 PM |
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At these prices, couldn't help getting a few more XC.
Also chucked in 0.0495 BTC into the pot for the press release to addy BTC: 1HCCyPaEdoiPgJuUSXEZgYuQRVQeeNNShZ - I'm assuming we're doing a Chinese PR translation and release with this next round also?!?!?
Can you confirm you got it?
Thanks and Happy 4th!!!
No sign of it yet... |
Co-Founder, the Blocknet
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BrewCrewFan
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July 04, 2014, 05:05:20 PM |
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Can someone explain how the multipool for XC works? PM me if needed please. Debating if I should move my farm off Mining a coin right now and mine XC...
Main questions:
Does it pay in XC or what?
Farm includes many... about 13 or so 270x, 2 6950s, 5 7850, 3 750Tis, and 7770 and 260x..... seeing if it would make sense price wise.
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Teka (OP)
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July 04, 2014, 05:06:18 PM |
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Can someone explain how the multipool for XC works? PM me if needed please. Debating if I should move my farm off Mining a coin right now and mine XC...
Main questions:
Does it pay in XC or what?
Farm includes many... about 13 or so 270x, 2 6950s, 5 7850, 3 750Tis, and 7770 and 260x..... seeing if it would make sense price wise.
Yes, it pays out in xc and it's a simple to use as any other pool. |
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JakeThePanda
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July 04, 2014, 05:06:24 PM |
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At these prices, couldn't help getting a few more XC.
Also chucked in 0.0495 BTC into the pot for the press release to addy BTC: 1HCCyPaEdoiPgJuUSXEZgYuQRVQeeNNShZ - I'm assuming we're doing a Chinese PR translation and release with this next round also?!?!?
Can you confirm you got it?
Thanks and Happy 4th!!!
No sign of it yet... No FUD, just wouldn't mind if you made a detailed accounting of the transactions in the donation addresses. I see some moved out already. I trust you, but some people may want to see this. |
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SuperSta
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July 04, 2014, 05:09:56 PM |
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Can someone explain how the multipool for XC works? PM me if needed please. Debating if I should move my farm off Mining a coin right now and mine XC...
Main questions:
Does it pay in XC or what?
Farm includes many... about 13 or so 270x, 2 6950s, 5 7850, 3 750Tis, and 7770 and 260x..... seeing if it would make sense price wise.
Have you read the information on the site itself? It's a good place to start. All, We have just added the following stats for scrypt to the Shift Payout page: XC / Day / MH BTC / Day / MH The other algos to follow. |
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