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

[rubenaco]

Imagine if you owned a ton of stock in a high-end luxury car company. But the lead designer/developer of these high-end cars, is paid by low-end car companies in his spare time, to review their car's features and release a statement like "this low-end car's features are safe and well made" (resulting in an immediate increased demand for the low-end car company's stock, because they received a stamp of approval from a high-end company). Then the plan is, by continuing to legitimize and confirm the quality of their low-end competitors, the demand for the high-end car's stock will eventually go up because the public will respect their expertise for confirming the quality of other cars? Seriously? As an investor in the luxury car company, you may hope that they use their higher quality as a competitive advantage, leveraged to increase the distance between them and their low-end competitors. Instead the company is actively promoting the quality of their competitors and closing that gap. Then trying to further justify it by saying its good for the industry and will help keep consumers safe? How about we market how much better our own technology is, try to entice consumers to buy our product, which can provide them with that high level of safety and confidence that is lacking in the industry. I can't blame Dan for wanting to make money, but damn. At least be honest in the statement and say "hey Dan is going to use his knowledge to review the code of some other coins for a little extra income". It doesn't take a business guru to see that this is not effective promotion for XC.

I think the same montreal, developer team MUST dedicate ALL TIME in XC

[G-Bert]

Imagine if you owned a ton of stock in a high-end luxury car company. But the lead designer/developer of these high-end cars, is paid by low-end car companies in his spare time, to review their car's features and release a statement like "this low-end car's features are safe and well made" (resulting in an immediate increased demand for the low-end car company's stock, because they received a stamp of approval from a high-end company). Then the plan is, by continuing to legitimize and confirm the quality of their low-end competitors, the demand for the high-end car's stock will eventually go up because the public will respect their expertise for confirming the quality of other cars? Seriously? As an investor in the luxury car company, you may hope that they use their higher quality as a competitive advantage, leveraged to increase the distance between them and their low-end competitors. Instead the company is actively promoting the quality of their competitors and closing that gap. Then trying to further justify it by saying its good for the industry and will help keep consumers safe? How about we market how much better our own technology is, try to entice consumers to buy our product, which can provide them with that high level of safety and confidence that is lacking in the industry. I can't blame Dan for wanting to make money, but damn. At least be honest in the statement and say "hey Dan is going to use his knowledge to review the code of some other coins for a little extra income". It doesn't take a business guru to see that this is not effective promotion for XC.

  exactly.

[akula999]

This is why Developers (programmers/coders) don't make savvy business owners. Google was started by 2 developers, they quickly hired a business person to run the business side of the business.
Maybe XC needs to get someone who's been in operations and leadership an opportunity to call the shots. Let's get this coin off the ground.

I've ran businesses in the past - combination of success and failure. One thing I learned is that running a $100K company is different from running a $1M company and running a $5M company - and so on.
I've learned to hire experts and people who are smarter than me to help me run my companies.

[robinwilliams]

Very well said.

loooooookie there!  somebody where the sunlight of reality penetrated thru the shilldom haze!  Except based on market cap xc is like #4 or #5 anon crypto so more like a midsized reviewing little ones.

but whatever.  XC dying ... lolz not hard to see  

waitin' for that ship to come in and all the new features don't help the pump = u know it's dead.  over.  gone  

can some of my xc groupies make sure to post that all the monero posts are stupid and annoying they see on the front page?  

thxs i'll leave u alone now

[synechist]

Imagine if you owned a ton of stock in a high-end luxury car company. But the lead designer/developer of these high-end cars, is paid by low-end car companies in his spare time, to review their car's features and release a statement like "this low-end car's features are safe and well made" (resulting in an immediate increased demand for the low-end car company's stock, because they received a stamp of approval from a high-end company). Then the plan is, by continuing to legitimize and confirm the quality of their low-end competitors, the demand for the high-end car's stock will eventually go up because the public will respect their expertise for confirming the quality of other cars? Seriously? As an investor in the luxury car company, you may hope that they use their higher quality as a competitive advantage, leveraged to increase the distance between them and their low-end competitors. Instead the company is actively promoting the quality of their competitors and closing that gap. Then trying to further justify it by saying its good for the industry and will help keep consumers safe? How about we market how much better our own technology is, try to entice consumers to buy our product, which can provide them with that high level of safety and confidence that is lacking in the industry. I can't blame Dan for wanting to make money, but damn. At least be honest in the statement and say "hey Dan is going to use his knowledge to review the code of some other coins for a little extra income". It doesn't take a business guru to see that this is not effective promotion for XC.

I think the same montreal, developer team MUST dedicate ALL TIME in XC

Your scenario here is not analogous to the world of cryptocurrency:
1) Market players are not highly visible
2) Scams are rife
3) New projects continually bring new innovations to the market

None of these apply to the world of cars.

I think it was Hoertest who summarised XC's advantage here very well:
- Supporters of other coins get to hear about XC. (1)
- XC gets to establish itself as the paragon of security and legitimacy. (2)
- XC gets to see every piece of new code that comes out, and benefit from it if there's anything useful there (3)


So do you get it now?

Also, a lot of the criticism of these reviews is completely cockeyed. Investors want Dan to focus purely on XC so that they get a return on investment? No:
- XC is already the technology leader. New tech from Dan isn't going to magically transform XC's value. A return on investment has to do with real-world market adoption, not some quick pump. This has been XC's plan from the beginning. Be patient.
- Dan himself wants a return on investment more than anyone else, and holds more XC than most. So what possible incentive would he have to not work toward this end?


Think about it. Code reviews really make sense, for the reasons given above.

[synechist]

i think the status Dan recieves threw those reviews will benefit xc in the long run.

That beeing said i don't think the main marketing strategy for xc in general should be based around building a person cult around him. that doesn't suite well with the idea of decentralisation that XCurrency stands for. but i don't think thats the plan.

As one part of the puzzle its defenatly beneficial to establish Dan as a institution in the crypto scene. He is getting approached to approve other devs codes, thats the message that stands and every member of reviewed coins community will remember after the short pump is over.
I also think its a great thing that he gets to look at alot of the competitions approaches. keeps the creativity up. inspiration is never a bad thing.

In short, good addition to PR, shouldn't be the centre.

+1. Spot on.

[rokkyroad]

I'll give you one thing synechist. You are the king of rhetoric.

 Don't take it the wrong way. It is a talent.

[synechist]

Let it not be said that XC hasn't performed well during dump season:


Sep 2:  Top Weekly Performers:
@XCurrency +3.97%
@SaveCoinDev -0.34%
@Bitcoin -0.34%
@Feathercoin -0.51%
http://goo.gl/jBCXam   #xcurrency
 

XC has also consistently been the top quarterly performer.

[synechist]

I'll give you one thing synechist. You are the king of rhetoric.

 Don't take it the wrong way. It is a talent.

Thank you sir. :-)

[flashbit]

Anyone know when the timelines will be updated on the OP?

[synechist]

Your scenario here is not analogous to the world of cryptocurrency:
1) Market players are not highly visible
2) Scams are rife
3) New projects continually bring new innovations to the market

None of these apply to the world of cars.

Hoertest summarised XC's advantage here very well:
- Supporters of other coins get to hear about XC. (1)
- XC gets to establish itself as the paragon of security and legitimacy. (2)
- XC gets to see every piece of new code that comes out, and benefit from it if there's anything useful there (3)


So do you get it now?

Also, a lot of the criticism of these reviews is completely cockeyed. Investors want Dan to focus purely on XC so that they get a return on investment? No:
- XC is already the technology leader. New tech from Dan isn't going to magically transform XC's value. A return on investment has to do with real-world market adoption, not some quick pump. This has been XC's plan from the beginning. Be patient.
- Dan himself wants a return on investment more than anyone else, and hold more XC than most. So what possible incentive would he have to not work for this end?


Think about it. Code reviews really make sense, for the reasons given above.

I agree my example is not the best and I understand the points your making. Thank you for the quick response

Anytime. ;-)

[synechist]

Anyone know when the timelines will be updated on the OP?

ASAP. It's my job. Just so much going on here.

It's easy to draft, but takes hours to convert to BBcode.

While we're on the topic of my agenda:
- There will be a few press releases this week unveiling new features of Rev 2
- On Monday we release the final Rev 2 update, not Rev 2.5
- There will be other news on Monday too.




P.S. For the sake of those still confused about Rev 2: we released trustless mixing on 7/7/14, and since then have been building out the privacy functions. Monday is the final update to Privacy Mode before we move on to the UI and the distributed content delivery service.

[The-C-Word]

With so much drama in xcurrency
It's so hard to find a place to put my btc
but I, some how some way
keep comin' up with money for XC, like, every single day. 

[cyberhacker]

why ppl complain about legitimacy of this great innovation?

this is the safe heaven of alt coins. just be patient.

[flashbit]

Anyone know when the timelines will be updated on the OP?

ASAP. It's my job. Just so much going on here.

It's easy to draft, but takes hours to convert to BBcode.

While we're on the topic of my agenda:
- There will be a few press releases this week unveiling new features of Rev 2
- On Monday we release the final Rev 2 update, not Rev 2.5
- There will be other news on Monday too.




P.S. For the sake of those still confused about Rev 2: we released trustless mixing on 7/7/14, and since then have been building out the privacy functions. Monday is the final update to Privacy Mode before we mode on to the UI and the distributed content delivery service.

Thanks Arlyn!

[dannyspk]

With so much drama in xcurrency
It's so hard to find a place to put my btc
but I, some how some way
keep comin' up with money for XC, like, every single day. 

I know, right? Me too. Must be all the buying pressure.

[the_game1224]

Hey people, come and join me on the XC Multipool!

I'm mining scrypt and all seems to be working smoothly.

One of my favourite aspects of it is that there's no centralised database that stores your login details. Just enter an XC address (instead of a username/worker name) into your miner and off you go. #privacy

bump for those that missed it earlier

[adhitthana]

Imagine if you owned a ton of stock in a high-end luxury car company. But the lead designer/developer of these high-end cars, is paid by low-end car companies in his spare time, to review their car's features and release a statement like "this low-end car's features are safe and well made" (resulting in an immediate increased demand for the low-end car company's stock, because they received a stamp of approval from a high-end company). Then the plan is, by continuing to legitimize and confirm the quality of their low-end competitors, the demand for the high-end car's stock will eventually go up because the public will respect their expertise for confirming the quality of other cars? Seriously? As an investor in the luxury car company, you may hope that they use their higher quality as a competitive advantage, leveraged to increase the distance between them and their low-end competitors. Instead the company is actively promoting the quality of their competitors and closing that gap. Then trying to further justify it by saying its good for the industry and will help keep consumers safe? How about we market how much better our own technology is, try to entice consumers to buy our product, which can provide them with that high level of safety and confidence that is lacking in the industry. I can't blame Dan for wanting to make money, but damn. At least be honest in the statement and say "hey Dan is going to use his knowledge to review the code of some other coins for a little extra income". It doesn't take a business guru to see that this is not effective promotion for XC.

I think the same montreal, developer team MUST dedicate ALL TIME in XC

I'd strongly disagree. We have possibly the hardest working fastest developer around. He has been fantastic. But he owes us nothing.
Dan, can do whatever he wants as far as I'm concerned. And I'm not concerned, at all. There are many reasons I like this coin and one is that I believe that Dan genuinely believes in what he is doing.
I think he will keep working away because of this, but he can take as much time off as he wants to.

[adhitthana]

Imagine if you owned a ton of stock in a high-end luxury car company. But the lead designer/developer of these high-end cars, is paid by low-end car companies in his spare time, to review their car's features and release a statement like "this low-end car's features are safe and well made" (resulting in an immediate increased demand for the low-end car company's stock, because they received a stamp of approval from a high-end company).

Such a poor analogy. You are comparing a car company, which is a profit seeking venture with shareholders witha community based venture that will eventually be an open source project for the benefit of anyone, not just shareholders.

Can you see the very vast difference between a company with shareholders and a profit motive and something like Bitcoin?

Bitcoin or XC is very very different to a profit seeking corporation

[mecc]

I don't like posting, but some of the nonsense going on here is bothering me.

Let's throw out the comparisons, analogies, and whatever story you got. You need to look at the main picture. What's going on? Look at the market. It's shit. Mining is worse than ever. Wallets infected with malware becoming more common. Uninspiring coins cashing in on the latest trend, well that's the same shit different day deal. It used to be anon, multisig, now it's anon + market, smart contracts, magical tech. MintPal used to have 2,000+ btc daily volume traded. Bittrex, still p&d central. Most are just uninspiring p&d coins that get left for dead, repeat ad nauseam. ICO/IPOs end up being a quick P&D with no future. The point? This is how money leaves the alt scene. Confidence dwindles.

XC was once labeled as a Fedora clone hack job. The dev a scammer. This was only a few months ago. Now he's getting paid by other developers/communities to verify their goods. It shows ATC as a businessman, XC as a leader. Who do you want in charge of development if you want to make money?

So what if a new developer on the scene wants to push out innovative ideas and useful features? He can inspire confidence by submiting proof of code. Clean, legit, innovative, certified to fly. Otherwise you get paired up with the bad of the cryptoworld. Look at every new announcement thread. POD! POD! POD!, what's the points of this shitcoin? You can open source all your goodies, but you know what happens after that. People use your tech, don't even credit you, run a quick p&d and leave the scene worse off. Case in point, Shadow with all its clones. These reviews help the entire alt scene.

An interesting thing to note. Supercoin devs said in their whitepaper a long time ago (phase one era) that Cloak had no idea what trustless meant. If Cloak had proof of code done would they have even gotten pumped? We saw the results of their 3rd party audit and its effect. How many people got burned on this? How many of them are bitter and are trolling other threads?

As for development on XC. Solidify the foundation. This means bulletproofing network, security and privacy features. Have you paid attention to some of the issues that have popped up for other coins? Network and security issues. If only they had someone on their team who was an expert in these fields. People already forgot about the ad hosting collab service. This is a ground breaking idea and it's just the beginning. I don't like coin hyping so I will stop there. If you feel depressed over XC's market, just look at Dan's linkedin.
http://www.linkedin.com/pub/dan-metcalf/12/1a8/b82

As for the fudders, let them eat stake.

I put a tiny buy at 0.00127400 on Mint and a bunch of bots (I assume) cut ahead of me. I'll play your game