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

[Dungor]

Our digital relationships breaking down boarders

[synechist]

Our digital relationships breaking down boarders

So after XC's tech matures, how about we replace governments with this?

It'll scale from grassroots, anywhere, run on phones, and due to its privacy there'll be no way of stopping it.

[Dungor]

Our digital relationships breaking down boarders

So after XC's tech matures, how about we replace governments with this?

It'll scale from grassroots, anywhere, run on phones, and due to its privacy there'll be no way of stopping it.

It could help for the fight against state violence targeting victimless crime.

[cryptico]

The level of discussion in this thread since the last announcement is blowing up my mind and I can barely follow...ahahahahha

One question that I have is how XC inc will be threated legally. I mean if it is an official company where other companies needs to go trough to develop services on top of the Xc network it will need to have a legal status hence VAT etc...

[synechist]

Our digital relationships breaking down boarders

So after XC's tech matures, how about we replace governments with this?

It'll scale from grassroots, anywhere, run on phones, and due to its privacy there'll be no way of stopping it.

It could help for the fight against state violence targeting victimless crime.

That'll be profound.

Also anything that replaces bureaucracies is pretty much heaven-sent in my opinion.

What could be a worse design for promoting human flourishing than a centralised, impersonal, alienated set of arbitrarily dominating rules that generally serve to obstruct?

[synechist]

The level of discussion in this thread since the last announcement is blowing up my mind and I can barely follow...ahahahahha

One question that I have is how XC inc will be threated legally. I mean if it is an official company where other companies needs to go trough to develop services on top of the Xc network it will need to have a legal status hence VAT etc...

Yes XC Inc. will have legal status in several regions.

However since the currency will be open source, there will be no need for other third parties to go through XC Inc. in order to harness it. (XC Inc. will be a third party among others that use and extend the power of the currency.)

XC Inc will, of course, have a very, very powerful collection of tools that'll make obvious sense for other companies to use.

[Dungor]

The level of discussion in this thread since the last announcement is blowing up my mind and I can barely follow...ahahahahha

One question that I have is how XC inc will be threated legally. I mean if it is an official company where other companies needs to go trough to develop services on top of the Xc network it will need to have a legal status hence VAT etc...

Yes XC Inc. will have legal status in several regions.

However since the currency will be open source, there will be no need for other third parties to go through XC Inc. in order to harness it. (XC Inc. will be a third party among others that use and extend the power of the currency.)

XC Inc will, of course, have a very, very powerful collection of tools that'll make obvious sense for other companies to use.

How will shares be stored? What are the implications for non-us citizens? Will I need to provide my bank stock deposit address? I would assume you store it on the blockchain tech. but will this cause legal/tax implications?

[cryptico]

The level of discussion in this thread since the last announcement is blowing up my mind and I can barely follow...ahahahahha

One question that I have is how XC inc will be threated legally. I mean if it is an official company where other companies needs to go trough to develop services on top of the Xc network it will need to have a legal status hence VAT etc...

Yes XC Inc. will have legal status in several regions.

However since the currency will be open source, there will be no need for other third parties to go through XC Inc. in order to harness it. (XC Inc. will be a third party among others that use and extend the power of the currency.)

XC Inc will, of course, have a very, very powerful collection of tools that'll make obvious sense for other companies to use.

How will shares be stored? What are the implications for non-us citizens? Will I need to provide my bank stock deposit address? I would assume you store it on the blockchain tech. but will this cause legal/tax implications?

And as well how the Stock Distribution will have legal status?

[synechist]

The level of discussion in this thread since the last announcement is blowing up my mind and I can barely follow...ahahahahha

One question that I have is how XC inc will be threated legally. I mean if it is an official company where other companies needs to go trough to develop services on top of the Xc network it will need to have a legal status hence VAT etc...

Yes XC Inc. will have legal status in several regions.

However since the currency will be open source, there will be no need for other third parties to go through XC Inc. in order to harness it. (XC Inc. will be a third party among others that use and extend the power of the currency.)

XC Inc will, of course, have a very, very powerful collection of tools that'll make obvious sense for other companies to use.

How will shares be stored? What are the implications for non-us citizens? Will I need to provide my bank stock deposit address? I would assume you store it on the blockchain tech. but will this cause legal/tax implications?

Well, since the shares are "tokens" and not heavily legally-implicated "securities", there should be a cryptographic/blockchain-related way of dealing with this.

But we're at an early stage in working this out. I don't know how it'll go yet.

I'm not in the US either, BTW, so it's a concern of mine too.

And as well how the Stock Distribution will have legal status?

We'll be able to clarify this at a later stage.

[cryptico]

Thank you..from the Goat as well

[atcsecure]

Let me see if i understand this correctly, there will be some day in the future that every XC holder can get (not buy) shares in XC inc.
In the period before everybody has a choice to buy XC inc shares directly or by buying XC before that moment & receive them for free

What i want to know is whats happens after that day? Am i free to spend/trade that 10 XC but can i keep my XC inc share?
If so, isn't there a big risk many outsiders will choice option b, drive the price up, only to dump a day later?

My current thinking is that if you spend/trade your XC, then you loose your share's.


Dan
 

[cryptico]

Let me see if i understand this correctly, there will be some day in the future that every XC holder can get (not buy) shares in XC inc.
In the period before everybody has a choice to buy XC inc shares directly or by buying XC before that moment & receive them for free

What i want to know is whats happens after that day? Am i free to spend/trade that 10 XC but can i keep my XC inc share?
If so, isn't there a big risk many outsiders will choice option b, drive the price up, only to dump a day later?

My current thinking is that ff you spend/trade your XC, then you loose your share's.


Dan
 

This is correct for the XC that will be associated with the shares so people can decide wich amount they want to invest in shares and which to trade. associating XC that you own share with to a 1to1 relation, hence if you sell your xc you sell your stock/share makes sense. Otherwise there will be huge speculation and then dump.

Please go in this direction this will be perfect and makes sense.

Have no Idea how this can be done though

[KimmyF]

Let me see if i understand this correctly, there will be some day in the future that every XC holder can get (not buy) shares in XC inc.
In the period before everybody has a choice to buy XC inc shares directly or by buying XC before that moment & receive them for free

What i want to know is whats happens after that day? Am i free to spend/trade that 10 XC but can i keep my XC inc share?
If so, isn't there a big risk many outsiders will choice option b, drive the price up, only to dump a day later?

My current thinking is that if you spend/trade your XC, then you loose your share's.


Dan
 

Thats makes a lot of sense & will prevent all kinds of possible problems.
But how you can keep XC inc completely seperate from XCurrency (in a legal sense) & at the same time use some tech to realise that link will probably require a 3th party.
Collaberation with other coins/contract suppliers makes more sense now, thanks

Or .. on second though ... no link between them.
As i understand it now, XCurrency will remain open source but all the knowledge (eg: the people that build it) will form some sort of ICT Crypto Company, specialising on tech based on (or around)  XCurrency.

At the same time those XC inc shares mean something, a vote, some gain in the future or whatever from that company. There will be moments in time people need to prove they got those shares. Why not forget the link, whenever this situation arises use the same procedure you are thinking about for the end of the current planned ICO/ITO (still not sure)

Whoever has the coins at that time get the benevits from that isolated tech company.

At the same time you can combine that with a completely seperate ICO, so people can get a share of a startup tech company & you get the funds needed.

[Dungor]

Let me see if i understand this correctly, there will be some day in the future that every XC holder can get (not buy) shares in XC inc.
In the period before everybody has a choice to buy XC inc shares directly or by buying XC before that moment & receive them for free

What i want to know is whats happens after that day? Am i free to spend/trade that 10 XC but can i keep my XC inc share?
If so, isn't there a big risk many outsiders will choice option b, drive the price up, only to dump a day later?

My current thinking is that if you spend/trade your XC, then you loose your share's.


Dan
 

Good, else it could be seen as a dilution of capital. XC Share's are important to protect investors against one of the big guys just buying the team but not the coin. However on-the-chain stock quickly just becomes an interchain additional coin. Keeping the shares tied to the coins, perhaps through colored coins would be better.

[atcsecure]

Let me see if i understand this correctly, there will be some day in the future that every XC holder can get (not buy) shares in XC inc.
In the period before everybody has a choice to buy XC inc shares directly or by buying XC before that moment & receive them for free

What i want to know is whats happens after that day? Am i free to spend/trade that 10 XC but can i keep my XC inc share?
If so, isn't there a big risk many outsiders will choice option b, drive the price up, only to dump a day later?

My current thinking is that if you spend/trade your XC, then you loose your share's.


Dan
 

Thats makes a lot of sense & will prevent all kinds of possible problems.
But how you can keep XC inc completely seperate from XCurrency (in a legal sense) & at the same time use some tech to realise that link will probably require a 3th party.
Collaberation with other coins/contract suppliers makes more sense now, thanks

Very good point with valid concerns, which is why nothing is etched in stone at this point and everything is open for discussion.  I'd like to get as much feedback as possible on this issue in the forum or please contact me via XChat or email.

Dan

[KimmyF]

Let me see if i understand this correctly, there will be some day in the future that every XC holder can get (not buy) shares in XC inc.
In the period before everybody has a choice to buy XC inc shares directly or by buying XC before that moment & receive them for free

What i want to know is whats happens after that day? Am i free to spend/trade that 10 XC but can i keep my XC inc share?
If so, isn't there a big risk many outsiders will choice option b, drive the price up, only to dump a day later?

My current thinking is that if you spend/trade your XC, then you loose your share's.


Dan
 

Thats makes a lot of sense & will prevent all kinds of possible problems.
But how you can keep XC inc completely seperate from XCurrency (in a legal sense) & at the same time use some tech to realise that link will probably require a 3th party.
Collaberation with other coins/contract suppliers makes more sense now, thanks

Very good point with valid concerns, which is why nothing is etched in stone at this point and everything is open for discussion.  I'd like to get as much feedback as possible on this issue in the forum or please contact me via XChat or email.

Dan

How about the 'second thought', no link at all.

As i understand it now, XCurrency will remain open source but all the knowledge (eg: the people that build it) will form some sort of ICT Crypto Company, specialising on tech based on (or around)  XCurrency.

At the same time those XC inc shares mean something, a vote, some gain in the future or whatever from that company. There will be moments in time people need to prove they got those shares. Why not forget the link, whenever this situation arises use the same procedure you are thinking about for the end of the current planned ICO/ITO (still not sure)

Whoever has the coins at that time get the benevits from that isolated tech company.

At the same time you can combine that with a completely seperate ICO, so people can get a share of a startup tech company & you get the funds needed.

[Racer8]

My current thinking is that if you spend/trade your XC, then you loose your share's.


Dan
 

What do mean lose your shares - where do they go? This creates a very tight linkage between a share and a unit of currency - doesn't make sense.  You will take XC out of circulation.  Anyway you could always sell your shares, trade your XC then buy back the shares.   Try to not to make this complicated - just give away shares to based on a future announced checkpoint on the XC blockchain.

[cryptico]

My current thinking is that if you spend/trade your XC, then you loose your share's.


Dan
 

What do mean lose your shares - where do they go? This creates a very tight linkage between a share and a unit of currency - doesn't make sense.  You will take XC out of circulation.  Anyway you could always sell your shares, trade your XC then buy back the shares.   Try to not to make this complicated - just give away shares to based on a future announced checkpoint on the XC blockchain.

It means that Has you will have a double asset link created 10 to 1> 10 xcs for 1 "free" share, basically for each 10 XCs that you will own at the time of the ICO and after you will be gifted another asset that will have a value on its own there will be no exchange between xcs and shares.

Hence it makes sense that your Xcs are kept linked to the assets that you are gifted with other wise you will be able to speculate on the rise in price for XC prior to the ICO then you will get your shares for free and get added value on your portfolio for free. so then you can sell your Xcs on top of the speculation value causing the price to dump but you will still have the free gift of the share that will have indipendent value..This seem to me a bit like santa clause gift.

It makes sense that if you will sell your 10Xcs you will sell in the mean time the share that you have got for free basically you will gain value for both but then you will not be able to speculate on the share price anymore so you will more lickely keep your XCs and the share and all the community will see both increase in value.

When you will want to sell you will sell 10 xc and 1 share at the same time getting the value for both but this will create less speculation.

[georgeblair]

My head is spinning  .

Are we nixing the whole open source thing?

No.

XC's code will be completely open source. That's part of the appeal of the currency.

In contrast, XC Inc's appeal will stem from its ability to consistently deliver ground-breaking innovations, including lots of apps based on XCurrency.

Better still, XC's platform will allow third parties to develop blockchain 2.0 apps of their own, which of course will also run on XCurrency.

In terms of third parties developing blockchain 2.0 apps, what programming language(s) will be available to use? I'd like to participate and was wondering on what language(s) I should brush up on....   

[hoertest]

i don't think they should be linked like cryptico suggested. that means everytime you spend xc you losse shares in the company which would put a full break stop on adoption of xc in merchants and turn xc into a share too rather then a currency that is meant to be spend at some point.