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

[cryptico]

Is the correct math. if I bought 100 BTC at 0.025 and sell at 0.0067 I would have 25 btc right now that is a 200% decrease in the tot amount of BTC I initially invested are you fuking crazy guys you do not see this?

Cryptico you're measuring the initial amount in terms of the remaining amount. Your 200% means that the initial amount is 200% higher than the remaining amount.

This is what is meant by the term "200% gain".

For a decrease in value, you need to measure the remaining amount in terms of the initial amount (i.e. the opposite way round). This would be 100 - 25/100 = 75% loss.

Ah ok I get it now the way you see it   I see it in terms of gain so if I would not have sold I could have lost 200% of my tot gain that is what I meant.. If I initially invested 25 and then went up to 100 i would have gained 200% this would have been lost if I would not have sold.

How can you lose more than 100% of anything?  You can be up 10,000% and if you lost it all, you lost 100%.

you loose 100% of what you have at the moment that 100 per cent is 200% more of what I invested first.

[ScamReport]

Is the correct math. if I bought 100 BTC at 0.025 and sell at 0.0067 I would have 25 btc right now that is a 200% decrease in the tot amount of BTC I initially invested are you fuking crazy guys you do not see this?

Cryptico you're measuring the initial amount in terms of the remaining amount. Your 200% means that the initial amount is 200% higher than the remaining amount.

This is what is meant by the term "200% gain".

For a decrease in value, you need to measure the remaining amount in terms of the initial amount (i.e. the opposite way round). This would be 100 - 25/100 = 75% loss.

Ah ok I get it now the way you see it   I see it in terms of gain so if I would not have sold I could have lost 200% of my tot gain that is what I meant.. If I initially invested 25 and then went up to 100 i would have gained 200% this would have been lost if I would not have sold.

How can you lose more than 100% of anything?  You can be up 10,000% and if you lost it all, you lost 100%.

you loose 100% of what you have at the moment that 100 per cent is 200% more of what I invested first.

Let's just move on.  I have a headache.

[laredo7mm]

Is the correct math. if I bought 100 BTC at 0.025 and sell at 0.0067 I would have 25 btc right now that is a 200% decrease in the tot amount of BTC I initially invested are you fuking crazy guys you do not see this?

Cryptico you're measuring the initial amount in terms of the remaining amount. Your 200% means that the initial amount is 200% higher than the remaining amount.

This is what is meant by the term "200% gain".

For a decrease in value, you need to measure the remaining amount in terms of the initial amount (i.e. the opposite way round). This would be 100 - 25/100 = 75% loss.

Ah ok I get it now the way you see it   I see it in terms of gain so if I would not have sold I could have lost 200% of my tot gain that is what I meant.. If I initially invested 25 and then went up to 100 i would have gained 200% this would have been lost if I would not have sold.

How can you lose more than 100% of anything?  You can be up 10,000% and if you lost it all, you lost 100%.

you loose 100% of what you have at the moment that 100 per cent is 200% more of what I invested first.

Let's just move on.  I have a headache.

+1

[cryptico]

Is the correct math. if I bought 100 BTC at 0.025 and sell at 0.0067 I would have 25 btc right now that is a 200% decrease in the tot amount of BTC I initially invested are you fuking crazy guys you do not see this?

Cryptico you're measuring the initial amount in terms of the remaining amount. Your 200% means that the initial amount is 200% higher than the remaining amount.

This is what is meant by the term "200% gain".

For a decrease in value, you need to measure the remaining amount in terms of the initial amount (i.e. the opposite way round). This would be 100 - 25/100 = 75% loss.

Ah ok I get it now the way you see it   I see it in terms of gain so if I would not have sold I could have lost 200% of my tot gain that is what I meant.. If I initially invested 25 and then went up to 100 i would have gained 200% this would have been lost if I would not have sold.

How can you lose more than 100% of anything?  You can be up 10,000% and if you lost it all, you lost 100%.

you loose 100% of what you have at the moment that 100 per cent is 200% more of what I invested first.

Let's just move on.  I have a headache.

+1

You have looked at it as a loss in value of your initial investement I looked at it as a loss of potential tot gain from my initial investement. that's it

[Mountaingoat]

Bitcoin is recovering again, that is good news, I wish I had some money back in $300,-, I would have bought more.

[synechist]

You're right that a level price is not what we wanted or expected for XC.

On the other hand almost every other project's price has decreased, so relatively speaking we've done very well.

To my mind this speaks of the confidence that XC investors have.

Not exactly.  Price is still off about 80% since the initial pump.

I'm not sure what that remark implies.

Not implying anything. The price of most coins have gone down as much.  The XC price hasn't done any better than other comparable coins over the last 4 months or so. DRK is down about the same from it's highs and might have performed a little better than XC.

Fair enough. I suppose we're parsing the data differently.

The initial pump is a different phenomenon to the seasonal price action for coins.

After the initial pump XC has stayed mostly flat. In comparison, most coins this season have gone down.

i wouldn't see it like this. PPC rised, ANC rised because of the expected zerocoin implementation, blackcoin rised after it's drop again.

it's true that DRK and Monero our direct competitors lost value but DRK started at the same price level we are right now but it's still at higher price level after the massive drop

It's true that some scam coins dumped but we had no lasting movement in price and this is what disturbs me most.

DRK has had an awful Summer. Its price has gone from 0.0277 to 0.006 (and tanked down to 0.002 on the way).

In comparison, XC has gained gradually.

Monero's price has yo-yoed up and down, but generally down.

Lots of tiny coins got pumped.

So it's true that most coins have gone down this season, except some random pumps. XC has stayed flat, and its lows keep getting gradually higher.

[cryptico]

@scamreport anyway why do you come in here with new account and start to complain about the price?? do we know you already? who are you?

[hoertest]

i think xc could be a little higher now but its far from beeing in a bad position. rather the opposite. the final trigger will probably something none of us expect it to be right now. If you consider the three  factors

technology

adoption

appeal


we excelled at nr1 , now with the atm news and tekas previews the ball gets rolling on nr 2 and 3.

[cryptico]

The fact is that ANON is still in Beta and Group chat still in alpha even if chat can be considered as post beta released. Basically we have still a product that is in Alpha/Beta release hence most of Investors do not feel confident to Invest now.. as well most of Investors in crypto go along with meems and P&D.

Mature Investors already noticed XC they are waiting for it to deliver the full working product.

Plus Mixers do not deliver profit at the moment - ALPHA mixers as well..

[battbot]

The fact is that ANON is still in Beta and Group chat still in alpha even if chat can be considered as post beta released. Basically we have still a product that is in Alpha/Beta release hence most of Investors do not feel confident to Invest now.. as well most of Investors in crypto go along with meems and P&D.

Mature Investors already noticed XC they are waiting for it to deliver the full working product.

Pretty much this.  More money to be made off new P&D coins than XC right now.  But there are a lot of people who have their eye on XC, you can be sure of that.

[Triffin]

General Question ..

What's the solution to funding the ongoing development of XC ??
I've been involved with too many coins where the 'music' stops when the initial funding runs out ..
Community fails to donate .. Devs run out of time and money .. coin dies .. rinse and repeat ..
What's the plan to avoid the same fate here ??

Triff .. modest XC holder  

[cryptico]

General Question ..

What's the solution to funding the ongoing development of XC ??
I've been involved with too many coins where the 'music' stops when the initial funding runs out ..
Community fails to donate .. Devs run out of time and money .. coin dies .. rinse and repeat ..
What's the plan to avoid the same fate here ??

Triff .. modest XC holder  

LOL there is the premine plus all of the DEV have a full time job they do not leave of XC gains.. Dan has been CEO of a corporation I think he has his means of making money outside of XC

[battbot]

General Question ..

What's the solution to funding the ongoing development of XC ??
I've been involved with too many coins where the 'music' stops when the initial funding runs out ..
Community fails to donate .. Devs run out of time and money .. coin dies .. rinse and repeat ..
What's the plan to avoid the same fate here ??

Triff .. modest XC holder  

This is a great question, I would be curious to hear an answer from the team.

[SouthernBTC]

General Question ..

What's the solution to funding the ongoing development of XC ??
I've been involved with too many coins where the 'music' stops when the initial funding runs out ..
Community fails to donate .. Devs run out of time and money .. coin dies .. rinse and repeat ..
What's the plan to avoid the same fate here ??

Triff .. modest XC holder  

This is a great question, I would be curious to hear an answer from the team.

+200% 

[wooder]

You're right that a level price is not what we wanted or expected for XC.

On the other hand almost every other project's price has decreased, so relatively speaking we've done very well.

To my mind this speaks of the confidence that XC investors have.

Not exactly.  Price is still off about 80% since the initial pump.

I'm not sure what that remark implies.

Not implying anything. The price of most coins have gone down as much.  The XC price hasn't done any better than other comparable coins over the last 4 months or so. DRK is down about the same from it's highs and might have performed a little better than XC.

Fair enough. I suppose we're parsing the data differently.

The initial pump is a different phenomenon to the seasonal price action for coins.

After the initial pump XC has stayed mostly flat. In comparison, most coins this season have gone down.

i wouldn't see it like this. PPC rised, ANC rised because of the expected zerocoin implementation, blackcoin rised after it's drop again.

it's true that DRK and Monero our direct competitors lost value but DRK started at the same price level we are right now but it's still at higher price level after the massive drop

It's true that some scam coins dumped but we had no lasting movement in price and this is what disturbs me most.

DRK has had an awful Summer. Its price has gone from 0.0277 to 0.006 (and tanked down to 0.002 on the way).

In comparison, XC has gained gradually.

Monero's price has yo-yoed up and down, but generally down.

Lots of tiny coins got pumped.

So it's true that most coins have gone down this season, except some random pumps. XC has stayed flat, and its lows keep getting gradually higher.

I disagree, the low touched in July (120k) was touched yesterday again and the price dropped even below 120k on some exchanges

Your statement on DRK is also wrong because compared to it's price in April (120k) the price is now at 650k - which is a price increase of 440%

I would be very happy if XC would dump to 650k after it touched 2770k

[cryptico]

General Question ..

What's the solution to funding the ongoing development of XC ??
I've been involved with too many coins where the 'music' stops when the initial funding runs out ..
Community fails to donate .. Devs run out of time and money .. coin dies .. rinse and repeat ..
What's the plan to avoid the same fate here ??

Triff .. modest XC holder  

This is a great question, I would be curious to hear an answer from the team.

+200%  

Do you guys do not see that XC is Dan's Baby?? do you think Dan does not have enough money to work on XC??? Have you looked at his Linkdin profile? Do you compare XC project with the other Crypto Flash shitty coins around?? Do you realize that here we have the first Implementation of Mesh networks in Crypto?? do you think this can be achieved by amateurs programmers try to gamble their luck with Cryptos?

[Triffin]

Do you guys do not see that XC is Dan's Baby?? do you think Dan does not have enough money to work on XC??? Have you looked at his Linkdin profile? Do you compare XC project with the other Crypto Flash shitty coins around?? Do you realize that here we have the first Implementation of Mesh networks in Crypto?? do you think this can be achieved by amateurs programmers try to gamble their luck with Cryptos?

I'm not 'fudding' ..

This is a serious issue for all coins with a shot at challenging BTC ..
FIBRE and XMR ( just two examples ) are dealing with this issue right now ..
As far as I can tell there is no mechanism in place to ensure ongoing development funding for any coin ..

XMR had an angel investor with deep pockets
FIBRE has expended their development funds

A "secondary offering" would be the way to go but that requires a
hard fork and a change to the float of a given coin and no one wants to do that ..

Donation requests go unanswered

So what's the plan ??
We can't and shouldn't expect Dan to carry the financial burden  ..

Triff ..  

[MemoryShock]

FIBRE has expended their development funds

A "secondary offering" would be the way to go but that requires a
hard fork and a change to the float of a given coin and no one wants to do that ..

Donation requests go unanswered

So what's the plan ??
We can't and shouldn't expect Dan to carry the financial burden  ..

Triff ..  

I don't think it is clear that all of the italicized above is Fibre's issue...not XC's.  Just because they are having issues doesn't mean that XC is.

We shouldn't start creating problems just because another coin has them.

[cryptico]

Do you guys do not see that XC is Dan's Baby?? do you think Dan does not have enough money to work on XC??? Have you looked at his Linkdin profile? Do you compare XC project with the other Crypto Flash shitty coins around?? Do you realize that here we have the first Implementation of Mesh networks in Crypto?? do you think this can be achieved by amateurs programmers try to gamble their luck with Cryptos?

I'm not 'fudding' ..

This is a serious issue for all coins with a shot at challenging BTC ..
FIBRE and XMR ( just two examples ) are dealing with this issue right now ..
As far as I can tell there is no mechanism in place to ensure ongoing development funding for any coin ..

XMR had an angel investor with deep pockets
FIBRE has expended their development funds

A "secondary offering" would be the way to go but that requires a
hard fork and a change to the float of a given coin and no one wants to do that ..

Donation requests go unanswered

So what's the plan ??
We can't and shouldn't expect Dan to carry the financial burden  ..

Triff ..  

You are comparing XC to other projects that are not like XC and do not have the professionality behind XC. XC dev team never asked for donations and there is a reason why. because it is a non issue. As everyone in the Dev team as second means to get Income.

However if there will be the need to finance XC with donations Im sure you will be surprise by the community response. If there is the need and dan will ask for it I will give 1000XC straight away and I bet I would not be the only one.

[battbot]

BTC @395 on Bitstamp.