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

[dida]

As I can see this is just one small step for PayPal at the time and will see how it goes:

https://www.paypal-community.com/t5/PayPal-Forward/PayPal-and-Virtual-Currency/ba-p/828230#.VCGt3UQSnHs.twitter

edit: but giant step for XC 

[SouthernBTC]

One concern I have is that creating xc inc. will deter people from using xcurrency, and once xc is a corporation, competing companies may not want to accept xcurrency. This is exciting news and I am intrigued, however there seems to be a catch 22 here. The explosion of btc and crypto can be attributed to their decentralized nature, how does xcurrency plan on remaining decentralized, especially when a majority of the xcurrency is also owned by soon to be company shareholders? Any thoughts?

[cryptico]

Unfortunately Pookie removed his Sell orders in time Fuck!!!!!

Edit: There is still one on mintpal ...munch munch munch mmmm

[wooder]

I WAS RIGHT!

I own XC, SO I OWN SHARES? Without having to SELL XC?

Yeah, "jizzed"is not a word a top++ holder of a great future company might be allowed to use, but I just totally did it.

No You own the right to Buy XC shares if you OWN XCs 10 XC will give you the right to buy 1 share of the company....still fuking HUUUUUUUUUUUUUGE this will drive XC price to the star as well as people that wants to buy shares they will need to buy XC First.

Fuking Yeeeeeeeeeeeeeeeesssssssssssssss

Are you sure? Owners of other coins can buy shares

The best thing about this is that people are unlikely to want to buy shares with other currencies. If they own XC, they XC plus a share.

Therefore: buy XC!

Thank you so much for this. Let me rephrase: If I have 10XC, I will prove my wallet(s) contains 10XC, and I will be automatically given 1 share, without need to spend anything?

Yup.

But what if i hold my coins in an exchange? how do i prove that i own them?

i think there will be a fixed date that will be taken and every wallet that holds more then 10XCs own shares equal to its account value, but when will the date be chosen?

My guess is that, to prove ownership, you'd need to sign using a private key.

So send your coins to a wallet before buying shares.

This will most probably happen in real-time during the ICO. There'll be no need to do things in advance.

I think we need to have a lock time or else some people might exploit it by claiming shares, then moving coins back to exchange and moving it back to another wallet.

If you need your coins on the exchange by lock time... then sorry.  no shares.

Yes, good suggestion. Coins used to claim shares could, perhaps, be locked for the duration of the ICO.

Can you imagine the time before the lock time??  There will be like ZERO XC on exchange.   Imagine the price skyrocketing....

Ha ha. Interesting. ;-)

but is there already a rough ETA for the ICO?

[the_game1224]

One concern I have is that creating xc inc. will deter people from using xcurrency, and once xc is a corporation, competing companies may not want to accept xcurrency. This is exciting news and I am intrigued, however there seems to be a catch 22 here. The explosion of btc and crypto can be attributed to their decentralized nature, how does xcurrency plan on remaining decentralized, especially when a majority of the xcurrency is also owned by soon to be company shareholders? Any thoughts?

This should be answered ASAP as it was the first thing I thought of

[synechist]

One concern I have is that creating xc inc. will deter people from using xcurrency, and once xc is a corporation, competing companies may not want to accept xcurrency. This is exciting news and I am intrigued, however there seems to be a catch 22 here. The explosion of btc and crypto can be attributed to their decentralized nature, how does xcurrency plan on remaining decentralized, especially when a majority of the xcurrency is also owned by soon to be company shareholders? Any thoughts?

Good point.

However XC's code will be open source.

Everyone in their right mind will jump at the chance to integrate the leading private open source currency.

[CryptoGretzky]

One concern I have is that creating xc inc. will deter people from using xcurrency, and once xc is a corporation, competing companies may not want to accept xcurrency. This is exciting news and I am intrigued, however there seems to be a catch 22 here. The explosion of btc and crypto can be attributed to their decentralized nature, how does xcurrency plan on remaining decentralized, especially when a majority of the xcurrency is also owned by soon to be company shareholders? Any thoughts?

This should be answered ASAP as it was the first thing I thought of

This is how I intepret it:

The two things are separate... XC coins will act like "fuel" to the applications like "ether" for ethereum.    While the shares is kinda like "profit sharing" for extra "deals" that XC Inc. might have with big company to distribute ads for example.    XNodes/XMixer will still get the fees, but there might be "big" deal in the pipeline that might have extra money going to XC Inc.   Imagine one day XC Inc. becomes a public traded company on Nasdaq... you might get dividends and you can openly sell the shares of XC Inc.

Please correct me if I am wrong about this interpretation.

[cryptico]

One concern I have is that creating xc inc. will deter people from using xcurrency, and once xc is a corporation, competing companies may not want to accept xcurrency. This is exciting news and I am intrigued, however there seems to be a catch 22 here. The explosion of btc and crypto can be attributed to their decentralized nature, how does xcurrency plan on remaining decentralized, especially when a majority of the xcurrency is also owned by soon to be company shareholders? Any thoughts?

This should be answered ASAP as it was the first thing I thought of

Paypall is a corporation and other corporations accept them. Having XC as a company will give credibility to the Business world to Our Platform expecially for web 3.0 applications. Xc Could have the Potential to shape the New Internet and be the new Currency of this new Internet in the same time.. Why people will not want to use it. We are going for main stream adoption not for Crypto niche Nerds.

One question that I have is will XC have a board of Directors? will dan be the CTO? will there be a CTO? what if Microsoft will want to buy it? will the CTO sign the Deal withouth the Community/shareHolders have a voice on it? will there be an official Board of Share Holders now as the Major corporations to talk about future decisions?

Edit:

Maybe we can do a community/share holders voting system for the Decisions to be made like for Example 100 shares Equal one Vote...my 2 XCs

[Teka]

One concern I have is that creating xc inc. will deter people from using xcurrency, and once xc is a corporation, competing companies may not want to accept xcurrency. This is exciting news and I am intrigued, however there seems to be a catch 22 here. The explosion of btc and crypto can be attributed to their decentralized nature, how does xcurrency plan on remaining decentralized, especially when a majority of the xcurrency is also owned by soon to be company shareholders? Any thoughts?

This should be answered ASAP as it was the first thing I thought of

This is how I intepret it:

The two things are separate... XC coins will act like "fuel" to the applications like "ether" for ethereum.    While the shares is kinda like "profit sharing" for extra "deals" that XC Inc. might have with big company to distribute ads for example.    XNodes/XMixer will still get the fees, but there might be "big" deal in the pipeline that might have extra money going to XC Inc.   Imagine one day XC Inc. becomes a public traded company on Nasdaq... you might get dividends and you can openly sell the shares of XC Inc.

Please correct me if I am wrong about this interpretation.

Or to the basics:

You can spend and invest Fiat, most people do both.

[the_game1224]

One concern I have is that creating xc inc. will deter people from using xcurrency, and once xc is a corporation, competing companies may not want to accept xcurrency. This is exciting news and I am intrigued, however there seems to be a catch 22 here. The explosion of btc and crypto can be attributed to their decentralized nature, how does xcurrency plan on remaining decentralized, especially when a majority of the xcurrency is also owned by soon to be company shareholders? Any thoughts?

This should be answered ASAP as it was the first thing I thought of

Paypall is a corporation and other corporations accept them. Having XC as a company will give credibility to the Business world to Our Platform expecially for web 3.0 applications. Xc Could have the Potential to shape the New Internet and be the new Currency of this new Internet in the same time.. Why people will not want to use it. We are going for main stream adoption not for Crypto niche Nerds.

One question that I have is will XC have a board of Directors? will dan be the CTO? will there be a CTO? what if Microsoft will want to buy it? will the CTO sign the Deal withouth the Community/shareHolders have a voice on it? will there be an official Board of Share Holders now as the Major corporations to talk about future decisions?

But Paypal is just a means of transferring fiat.  Big difference versus a decentralized currency.

Not trying to be negative just trying to both play devil's advocate and wrap my head around the whole thing.

[synechist]

One concern I have is that creating xc inc. will deter people from using xcurrency, and once xc is a corporation, competing companies may not want to accept xcurrency. This is exciting news and I am intrigued, however there seems to be a catch 22 here. The explosion of btc and crypto can be attributed to their decentralized nature, how does xcurrency plan on remaining decentralized, especially when a majority of the xcurrency is also owned by soon to be company shareholders? Any thoughts?

Good point.

However XC's code will be open source.

Everyone in their right mind will jump at the chance to integrate the leading private open source currency.

As for the idea that the majority of XCurrency will be owned by XC Inc. shareholders:

- People will have months to become shareholders, and the opportunity will be well-advertised.

- People will be free to use XC as a temporary means of obtaining XC Inc. shares, and sell afterwards. After the ICO they'll trade independently of each other.

- Since there's no organic connection between the two, and no internal control over their relative values, I don't see this as a problem.

Have I missed something?

[Triffin]

XC Shares might not be 'legal' in all jurisdictions ..
Where do you plan to incorporate ??
What structure are you going to use, LLC or other ??

Someone ( Dan? ) might want to contact 'kosmost'
with KARM coin as he recently setup an LLC structure
which was subsequently closed down/dissolved ..  

Triff ..

[qiwoman2]

It's passed my bedtime and just saw the XC News, been bagging up all XC under 16k sats on POLO for the QBK ASSET FUND..we got now over 1.2k ..I hope they can dump on our  orders while I sleep now. Retweeted @goldentags..go go XC ..

[synechist]

XC Shares might not be 'legal' in all jurisdictions ..
Where do you plan to incorporate ??
What structure are you going to use, LLC or other ??

Someone ( Dan? ) might want to contact 'kosmost'
with KARM coin as he recently setup an LLC structure
which was subsequently closed down/dissolved ..  

Triff ..

Good questions. We'll need to decide on these details. Potentially we have a way of getting around the hurdle you mention.

We'll keep you all updated on this sort of stuff.

[synechist]

It's passed my bedtime and just saw the XC News, been bagging up all XC under 16k sats on POLO for the QBK ASSET FUND..we got now over 1.2k ..I hope they can dump on our  orders while I sleep now. Retweeted @goldentags..go go XC ..

Nice work :-).

[Triffin]

XC Shares might not be 'legal' in all jurisdictions ..
Where do you plan to incorporate ??
What structure are you going to use, LLC or other ??

Someone ( Dan? ) might want to contact 'kosmost'
with KARM coin as he recently setup an LLC structure
which was subsequently closed down/dissolved ..  

Triff ..

Good questions. We'll need to decide on these details. Potentially we have a way of getting around the hurdle you mention.

We'll keep you all updated on this sort of stuff.

Thanks .. keep up the good work ..
Couple more for you ..

What is the anticipated total number of XC Shares ~550,000 ??
Will the then current XC coin owners be offered a better pricing structure
than what will be offered to XCShares ICO buyers ??

I'm trying to figure out if my BTC is better spent on XC now or
waiting for the ICO and buying XCShares directly ..

Triff ..   

[Jbanna]

One concern I have is that creating xc inc. will deter people from using xcurrency, and once xc is a corporation, competing companies may not want to accept xcurrency. This is exciting news and I am intrigued, however there seems to be a catch 22 here. The explosion of btc and crypto can be attributed to their decentralized nature, how does xcurrency plan on remaining decentralized, especially when a majority of the xcurrency is also owned by soon to be company shareholders? Any thoughts?

Good point.

However XC's code will be open source.

Everyone in their right mind will jump at the chance to integrate the leading private open source currency.

As for the idea that the majority of XCurrency will be owned by XC Inc. shareholders:

- People will have months to become shareholders, and the opportunity will be well-advertised.

- People will be free to use XC as a temporary means of obtaining XC Inc. shares, and sell afterwards. After the ICO they'll trade independently of each other.

- Since there's no organic connection between the two, and no internal control over their relative values, I don't see this as a problem.

Have I missed something?

If people are "free to use XC as a temporary means of obtaining XC Inc. shares, and sell afterwards." then couldn't I buy 1000XC obtain my 100xc inc.... sell my 1000XC.... rebuy my 1000XC and get another 100xc inc shares... Then sell my 1000XC and have 200xc inc shares for free ??

[CryptoGretzky]

One concern I have is that creating xc inc. will deter people from using xcurrency, and once xc is a corporation, competing companies may not want to accept xcurrency. This is exciting news and I am intrigued, however there seems to be a catch 22 here. The explosion of btc and crypto can be attributed to their decentralized nature, how does xcurrency plan on remaining decentralized, especially when a majority of the xcurrency is also owned by soon to be company shareholders? Any thoughts?

Good point.

However XC's code will be open source.

Everyone in their right mind will jump at the chance to integrate the leading private open source currency.

As for the idea that the majority of XCurrency will be owned by XC Inc. shareholders:

- People will have months to become shareholders, and the opportunity will be well-advertised.

- People will be free to use XC as a temporary means of obtaining XC Inc. shares, and sell afterwards. After the ICO they'll trade independently of each other.

- Since there's no organic connection between the two, and no internal control over their relative values, I don't see this as a problem.

Have I missed something?

If people are "free to use XC as a temporary means of obtaining XC Inc. shares, and sell afterwards." then couldn't I buy 1000XC obtain my 100xc inc.... sell my 1000XC.... rebuy my 1000XC and get another 100xc inc shares... Then sell my 1000XC and have 200xc inc shares for free ??

That's why I suggested there is a lock time.  If you don't own your XC by then, sorry....

Kinda like ex-div date for stocks.

[the_game1224]

Ok, let me lay my thoughts out in text. XC registers in multiple countries as a Corporation and issues shares and pays dividends. In America the SEC requires full shareholder identity disclosure, the IRS requires a yearly tax return on shares held and any dividends payed.

Please correct me if my logic is flawed.

It probably won't be like this. An ICO is not an IPO.

I think it is important to establish this for certain

[synechist]

XC Shares might not be 'legal' in all jurisdictions ..
Where do you plan to incorporate ??
What structure are you going to use, LLC or other ??

Someone ( Dan? ) might want to contact 'kosmost'
with KARM coin as he recently setup an LLC structure
which was subsequently closed down/dissolved ..  

Triff ..

Good questions. We'll need to decide on these details. Potentially we have a way of getting around the hurdle you mention.

We'll keep you all updated on this sort of stuff.

Thanks .. keep up the good work ..
Couple more for you ..

What is the anticipated total number of XC Shares ~550,000 ??
Will the then current XC coin owners be offered a better pricing structure
than what will be offered to XCShares ICO buyers ??

I'm trying to figure out if my BTC is better spent on XC now or
waiting for the ICO and buying XCShares directly ..

Triff ..   

My guess is that shares will cost the same no matter what you buy them with.

Buy if you buy XC you'll not have to sell them to get shares.

So I'd buy.


There will be more shares available than there are XC coins, or else no-one will be able to buy without first buying XC. We haven't decided on an amount yet though.