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

[CryptoGretzky]

watch out for pookielax31.... Just ventured into the cloak thread and he was disrespecting someone who was going to buy XC. I wouldn't believe a word coming out of this guys mouth and he surely does not hold any XC. Put him on your ignore list because he will be back soon to spout more BS.

pookie is the biggest weasel you can find on the net.   He says whatever he says based on whatever benefits him the most at the time of posting.  He's basically a Cloak mole now just here advertising Cloak whenever he wants because he holds more Cloak at this time.

[PowderMonkey]

Crap haven't seen volume this low is some time. At least its heading in the right direction. Likely calm before the storm. Looking forward to the new roadmap this weekend.  Exciting times coming boys!

I've been giving this a fair amount of thought lately, and I would say that one of the biggest reasons for the decrease in volume recently is that there are very few people willing to sell at these "accumulation" prices.  The biggest 3 exchanges right now hold less than 20% of total supply from what someone posted earlier.  That means that over 80% of the coins are held by people believing XC will have some sort of long term value.  If I'm right with this thought process, then once the volume dries up due to the overwhelming majority of people being unwilling to sell, there's only one way for this ship to go.  Exciting times ahead I think.

[synechist]

Crap haven't seen volume this low is some time. At least its heading in the right direction. Likely calm before the storm. Looking forward to the new roadmap this weekend.  Exciting times coming boys!

I've been giving this a fair amount of thought lately, and I would say that one of the biggest reasons for the decrease in volume recently is that there are very few people willing to sell at these "accumulation" prices.  The biggest 3 exchanges right now hold less than 20% of total supply from what someone posted earlier.  That means that over 80% of the coins are held by people believing XC will have some sort of long term value.  If I'm right with this thought process, then once the volume dries up due to the overwhelming majority of people being unwilling to sell, there's only one way for this ship to go.  Exciting times ahead I think.

+1. I'm certainly holding. And I'm certainly not keeping coins on the internet!

[therightmintality]

@ demgains So is seems to me that you have something against other people buying illegal substances using XC, but you are perfectly fine if they only use it for tax evasion, bribes and other illegal financial shit....maybe not but at least that's what I understand.

Here is what I think:

The most important feature of XCurrency is privacy there is no doubt about this and getting it done is surely the number 1 priority.
Second priority is, at least in my mind, creating an environment that would enable spending XCurrency. I understand that introducing xc on the currency cards and ATMs will make it possible to spend it anywhere or exchange it for fiat, but people can do this just as well with bitcoin. For XC there needs to be a different application, specific for anon coins, like an online market.

By market I refer to a completely decentralized online market that would use xc. For such a market to have success a true anon coin is necessary and xc is perfect for that. Otherwise there are little applications that would absolutely require the use of an anon coin. I mean using it to sponsor political parties is great but still...not enough. Also what point is there to keep the records of a online company private (using xc) if the actual business can not be conducted also in a private way (using a decentralized anon market based on xc).

I consider cloak coin as the most important competitor. They are currently working on implementing a decentralized anon feature that might work out just as well as Dan's implementation. If they do achieve this then I belive in a very short time xc will be losing its advantage because cloak will also have their Onemarket service, maybe you have read their whitepaper.

I feel that in the future most commerce will move on the online medium and next logical step after getting rid of financial  middlemen, and thus liberating money (as bitcoin and all the other cryptocurrencies have done), is eliminating the ecommerce middlemen (like ebay, amazon and many others).

There is a great deal of bitcoin being transactioned on the dark markets. Those users will most definitely migrate over to the first good implementation of a decentralized market as they are aware that their weak spot is the fact that the markets they transact on are centralized.

Now don't get me wrong, I do not advertise the sale of drugs, child porn, weapons and what not. All of these issues can be resolved through peer reviews or other methods. But the fact still stands: there is a need for such a free market open to anyone and sooner or later someone will make it happen. I only wish that XC will be the one.

So in conclusion I belive that developing such a application should be first priority after anonymity problem is fully done.

Who's the developer's of Cloak?  Can I look up their bios or find them on Linkdin?  I wasn't able to find them on the Cloak site?

[almond]

Who's the developer's of Cloak?  Can I look up their bios or find them on Linkdin?  I wasn't able to find them on the Cloak site?

Their whitepaper says the developer's name is "Z"  I think Costa Gavras made a movie about him.........
.........If that's the same "Z"

[SushiChef]

 

[therightmintality]

My opinion, among many parity features of XC vs. DRK there is one, 'instamine' that intrinsic to XC, and not intrinsic to DRK. People's psychology does not accept unjust feature such as 'instamine'. You may contradict with 'stake' feature. But to stake coins, one need buy them first, buying is not so psychologically comfortable, as minig on the equipment you already possess.

So I call on Dan to return the mining feature, and let XC be PoW coin again, at least 50% PoW, 50% PoS.

You forget that, for investors, one of the central features of XC is that its money supply is not being continually diluted by mining.

So no, we're not bringing back mining.

If there was even a hint of something like that I would dump my thousands in a heartbeat....and it would not only be me either. The coin price be under 80K in short order.

+1,  If you want to read why this is a horrible idea, click on my username and read my post about dilution...  Mining coins until 2050 is an ill fated strategy and will not succeed.  Take any investible asset and continue to add shares to the mix the price will eventually be walking up the down escalator...  

[JakeThePanda]

My opinion, among many parity features of XC vs. DRK there is one, 'instamine' that intrinsic to XC, and not intrinsic to DRK. People's psychology does not accept unjust feature such as 'instamine'. You may contradict with 'stake' feature. But to stake coins, one need buy them first, buying is not so psychologically comfortable, as minig on the equipment you already possess.

So I call on Dan to return the mining feature, and let XC be PoW coin again, at least 50% PoW, 50% PoS.

You forget that, for investors, one of the central features of XC is that its money supply is not being continually diluted by mining.

So no, we're not bringing back mining.

If there was even a hint of something like that I would dump my thousands in a heartbeat....and it would not only be me either. The coin price be under 80K in short order.

+1,  If you want to read why this is a horrible idea, click on my username and read my post about dilution...  Mining coins until 2050 is an ill fated strategy and will not succeed.  Take any investible asset and continue to add shares to the mix the price will eventually be walking up the down escalator...  

Well, PoS also adds coins to the mix.

[BrewCrewFan]

Crap haven't seen volume this low is some time. At least its heading in the right direction. Likely calm before the storm. Looking forward to the new roadmap this weekend.  Exciting times coming boys!

I've been giving this a fair amount of thought lately, and I would say that one of the biggest reasons for the decrease in volume recently is that there are very few people willing to sell at these "accumulation" prices.  The biggest 3 exchanges right now hold less than 20% of total supply from what someone posted earlier.  That means that over 80% of the coins are held by people believing XC will have some sort of long term value.  If I'm right with this thought process, then once the volume dries up due to the overwhelming majority of people being unwilling to sell, there's only one way for this ship to go.  Exciting times ahead I think.

Biggest transaction tick was for 8 BTC in the last 24 hours, and that was a BUY and not a sell...

This should also make people pause and think that most likely most people who bought in the 80-90K range still are not dumping even at these prices... I did this and to be honest, I wont sell one XC until it at LEAST hits .015 if not more.

[BrewCrewFan]

My opinion, among many parity features of XC vs. DRK there is one, 'instamine' that intrinsic to XC, and not intrinsic to DRK. People's psychology does not accept unjust feature such as 'instamine'. You may contradict with 'stake' feature. But to stake coins, one need buy them first, buying is not so psychologically comfortable, as minig on the equipment you already possess.

So I call on Dan to return the mining feature, and let XC be PoW coin again, at least 50% PoW, 50% PoS.

You forget that, for investors, one of the central features of XC is that its money supply is not being continually diluted by mining.

So no, we're not bringing back mining.

If there was even a hint of something like that I would dump my thousands in a heartbeat....and it would not only be me either. The coin price be under 80K in short order.

+1,  If you want to read why this is a horrible idea, click on my username and read my post about dilution...  Mining coins until 2050 is an ill fated strategy and will not succeed.  Take any investible asset and continue to add shares to the mix the price will eventually be walking up the down escalator...  

Well, PoS also adds coins to the mix.

Yes but that is such a small amount that it does not matter much at all in the over all picture. I bought into the coin more knowing that its not going to be farmed mined raped and dumped. To me PoS is the most stable out of it all. Also, if I understand it right, PoS does not make coins, but more or less takes the coins accumilated from transaction fees over the network and that is where the new coins come from... but not new per say... am I right? I am not 100% on that thinking right there lol.

[JakeThePanda]

My opinion, among many parity features of XC vs. DRK there is one, 'instamine' that intrinsic to XC, and not intrinsic to DRK. People's psychology does not accept unjust feature such as 'instamine'. You may contradict with 'stake' feature. But to stake coins, one need buy them first, buying is not so psychologically comfortable, as minig on the equipment you already possess.

So I call on Dan to return the mining feature, and let XC be PoW coin again, at least 50% PoW, 50% PoS.

You forget that, for investors, one of the central features of XC is that its money supply is not being continually diluted by mining.

So no, we're not bringing back mining.

If there was even a hint of something like that I would dump my thousands in a heartbeat....and it would not only be me either. The coin price be under 80K in short order.

+1,  If you want to read why this is a horrible idea, click on my username and read my post about dilution...  Mining coins until 2050 is an ill fated strategy and will not succeed.  Take any investible asset and continue to add shares to the mix the price will eventually be walking up the down escalator...  

Well, PoS also adds coins to the mix.

Yes but that is such a small amount that it does not matter much at all in the over all picture. I bought into the coin more knowing that its not going to be farmed mined raped and dumped. To me PoS is the most stable out of it all. Also, if I understand it right, PoS does not make coins, but more or less takes the coins accumilated from transaction fees over the network and that is where the new coins come from... but not new per say... am I right? I am not 100% on that thinking right there lol.

I'm pretty sure they are newly minted coins.

[BrewCrewFan]

My opinion, among many parity features of XC vs. DRK there is one, 'instamine' that intrinsic to XC, and not intrinsic to DRK. People's psychology does not accept unjust feature such as 'instamine'. You may contradict with 'stake' feature. But to stake coins, one need buy them first, buying is not so psychologically comfortable, as minig on the equipment you already possess.

So I call on Dan to return the mining feature, and let XC be PoW coin again, at least 50% PoW, 50% PoS.

You forget that, for investors, one of the central features of XC is that its money supply is not being continually diluted by mining.

So no, we're not bringing back mining.

If there was even a hint of something like that I would dump my thousands in a heartbeat....and it would not only be me either. The coin price be under 80K in short order.

+1,  If you want to read why this is a horrible idea, click on my username and read my post about dilution...  Mining coins until 2050 is an ill fated strategy and will not succeed.  Take any investible asset and continue to add shares to the mix the price will eventually be walking up the down escalator... 

Well, PoS also adds coins to the mix.

Yes but that is such a small amount that it does not matter much at all in the over all picture. I bought into the coin more knowing that its not going to be farmed mined raped and dumped. To me PoS is the most stable out of it all. Also, if I understand it right, PoS does not make coins, but more or less takes the coins accumilated from transaction fees over the network and that is where the new coins come from... but not new per say... am I right? I am not 100% on that thinking right there lol.

I'm pretty sure they are newly minted coins.

Like I said IDFK lol.... but really its small vs mining PoW imo. Plus, to make it PoW again it would need to be hard forked, that never usually ends very well in the short term, if it can recover from it.

[BrewCrewFan]

Anyways guys, gotta go to bed. Have a good night everyone... lets hope me no worky weekendy hours... not that OT is bad, nice check, but its been a heck of a hard week at work and I am wornnnnnn the heck out.... one more day to go I hope...

[SushiChef]

Anyways guys, gotta go to bed. Have a good night everyone... lets hope me no worky weekendy hours... not that OT is bad, nice check, but its been a heck of a hard week at work and I am wornnnnnn the heck out.... one more day to go I hope...

Sleep tight! Sweeeet dreams

[flashbit]

Synechist - can you comment on any work the new teams members recently announced are focusing their efforts on currently?

Christian: C++ work on the core code; not sure exactly what though.

Rob: working on strategy for social marketing, media buys, etc. as well as copy-editing releases and shaping the conversation around how the brand and public image will evolve.

Foundation members: ongoing work on the ATM thing.

Good to hear!

[btcsql]

Does XC plan on producing their own line of ATMs? or pairing up with an existing manufacturer? BTCPoint or Genesis1 seem like they would be open to it (they already support LTC/DOGE)

[Driv3n]

Does XC plan on producing their own line of ATMs? or pairing up with an existing manufacturer? BTCPoint or Genesis1 seem like they would be open to it (they already support LTC/DOGE)

XC has partnered with Antoun Toubia and Samuel Selvarajan who are working on cashless Bitcoin/XC ATMs. Here is a quote from one of them earlier in the thread:

Also me and Sam own a crowdfunding platform which is Decentralized we will be accepting fund rasing Through XC asap. and we are the first to launch the first two ways bitcoin atm in europe and Uk. soon we will be launching the cashless bitcoin atm from diamond circle which currently we introduced to xc, and they will integrate xc if everything goes right in carding system and atms.   the one wallet card holds 9 currencies additional to cryptocurrencies like xc and bitcoin.

For info on the OneWallet card here is a link:

http://swiftbitz.com/docs/OneWalletMerchantOpportunities.pdf

Glad you asked as I'm sure many people missed this announcement and it's huge.

[therightmintality]

My opinion, among many parity features of XC vs. DRK there is one, 'instamine' that intrinsic to XC, and not intrinsic to DRK. People's psychology does not accept unjust feature such as 'instamine'. You may contradict with 'stake' feature. But to stake coins, one need buy them first, buying is not so psychologically comfortable, as minig on the equipment you already possess.

So I call on Dan to return the mining feature, and let XC be PoW coin again, at least 50% PoW, 50% PoS.

You forget that, for investors, one of the central features of XC is that its money supply is not being continually diluted by mining.

So no, we're not bringing back mining.

If there was even a hint of something like that I would dump my thousands in a heartbeat....and it would not only be me either. The coin price be under 80K in short order.

+1,  If you want to read why this is a horrible idea, click on my username and read my post about dilution...  Mining coins until 2050 is an ill fated strategy and will not succeed.  Take any investible asset and continue to add shares to the mix the price will eventually be walking up the down escalator...  

Well, PoS also adds coins to the mix.

They do, and it is small amount, but still attractive.  This is similar to a dividend being paid on a traditional investments share which does not cause dilution. The difference being one coin has a small amount being added to the mix which may not even be greater than the projected coins that are typically lost on a yearly basis, and one still has >75% of their coins still to mine...

[JakeThePanda]

Does XC plan on producing their own line of ATMs? or pairing up with an existing manufacturer? BTCPoint or Genesis1 seem like they would be open to it (they already support LTC/DOGE)

XC has partnered with Antoun Toubia and Samuel Selvarajan who are working on cashless Bitcoin/XC ATMs. Here is a quote from one of them earlier in the thread:

Also me and Sam own a crowdfunding platform which is Decentralized we will be accepting fund rasing Through XC asap. and we are the first to launch the first two ways bitcoin atm in europe and Uk. soon we will be launching the cashless bitcoin atm from diamond circle which currently we introduced to xc, and they will integrate xc if everything goes right in carding system and atms.   the one wallet card holds 9 currencies additional to cryptocurrencies like xc and bitcoin.

For info on the OneWallet card here is a link:

http://swiftbitz.com/docs/OneWalletMerchantOpportunities.pdf

Glad you asked as I'm sure many people missed this announcement and it's huge.

Is this true?  How can a piece of news like this be hidden in the thread somewhere.  This sounds like big news if true.

[therightmintality]

Does XC plan on producing their own line of ATMs? or pairing up with an existing manufacturer? BTCPoint or Genesis1 seem like they would be open to it (they already support LTC/DOGE)

XC has partnered with Antoun Toubia and Samuel Selvarajan who are working on cashless Bitcoin/XC ATMs. Here is a quote from one of them earlier in the thread:

Also me and Sam own a crowdfunding platform which is Decentralized we will be accepting fund rasing Through XC asap. and we are the first to launch the first two ways bitcoin atm in europe and Uk. soon we will be launching the cashless bitcoin atm from diamond circle which currently we introduced to xc, and they will integrate xc if everything goes right in carding system and atms.   the one wallet card holds 9 currencies additional to cryptocurrencies like xc and bitcoin.

For info on the OneWallet card here is a link:

http://swiftbitz.com/docs/OneWalletMerchantOpportunities.pdf

Glad you asked as I'm sure many people missed this announcement and it's huge.

Is this true?  How can a piece of news like this be hidden in the thread somewhere.  This sounds like big news if true.

Yes it is true, this was big news and continues to be.  However, I believe the team believes one in the hand is worth 2 in the bush as the old saying goes for us old timers.   Meaning... announce plans, and then again only when it comes reality...  buckle up...   also, a 3.3% POS will not dilute the coin as this will be offset by lost coins which alt/BTC currency has been projected between 2-4% annually.   Even if there were 0 coins lost it would be very very minimal.  However, you when a POW coin adds over 30% coins each year to the previous years numbers and you have serious, unrecoverable dilution, which when a coin like this becomes currency it leads to a drastic price drop, or drastic inflation in the amount of coins it takes to buy goods and services.