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[synechist]

Blocknet proof of developer is done


http://www.coinssource.com/trust-index/blocknet-block/


(Which is a bit funny really, considering this: http://xc-official.com/xcurrency-code-reviews-the-de-facto-standard-of-legitimacy-among-altcoins.html)

[joebob999]

From the linked article.

Blocknet includes multiple developers, but ultimately Dan is the mastermind behind his platform.

This is another way of saying "Dans primary focus will be on BlockNET"

How can you say "Blocknet is a genius idea worth 2500 bitcoins.  And will take a genius to build.  And that genius is Dan.  But it won't slow down XC (Dan's current primary project) at all?"

[G-Bert]

I think what people were after was POD for all the other developers from the other coins. We already know/trust Dan!

[spookycoins]

Just picked up 275 more XC, but it took forever because damn bittrex bots kept trying to sell small/random amounts immediately after I made each single buy. Oh well, cheap coins.

[TheGer]

How does ROI enter into this if funds are gathered in staggered offerings or all at once.  It doesn't.  Hmm actually wait it just might.  Let's examine a possibility.

500,000 shares offered initially to start development.  All coins sell out as the lower risk of fraud make people feel it unlikely that smaller amount of funds will be stolen or sold without product development.

Development starts
Regular updates done
First operational product with most basic feature(s) working

Market Exchange price has increased do to investor confidence in development by 20%

Stage 2 fund raising - 1,000,000 shares sold at market value (or slightly less) of .0003

Development continues
Features added and tested successfully
Concerted ad campaign

Market Exchange price has increased 15% due to continued confidence and new investor influx.

Stage 3 fund raising - 2,000,000 shares sold at market value of .000345


Ect... until 10,000,000 are sold.



Not only does this method allow a larger investment base over time it generates more income as the price rises due to successful development.  It also instills great confidence not only in initial investors but any future investors will see the road travelled so far and know their funds are going to a stable and established project.  Doing it all in one shot will turn a lot of people off and will hurt investment funds as it was stated that once the ITO is over no new shares will ever be created.  Trying to collect everything up front with no product will net you less funds than staggered fund raising.

You will sell less shares(likely at a lesser price as well)
You will not be able to offer shares again down the road(as per your plans)




____________

"the higher the risk the higher the possible roi or loss."

the higher the risk the higher the possible roi or loss. some are willing to take the risk some don't . i don't get the problem since nobody is forced to invest into the blocknet or anything else here. don't you guys get how investing works. check the variables and decide yes or no. whats all the bitching about. not only with blocknet. 50% of this forum are complaining about ito policies or wrong strategies like they should have any fucking say in it. just don't throw your money at it and walk. its that simple. If you think you can do it better. nobody is holding you back either.

I don't see that as any sort of compromise.  They still have all the money up front and all we have is hope for a product.  No contractual obligations... Nothing.

I'm sorry but I don't see any rational explanation for requiring all the money up front instead of staged investment phases.  It instills faith in investors both that development will continue, and that no one is likely to run off with 2500 BTC on the community.  It's not just 2500 BTC either.  If something did happen and funds disappeared all or in part, then XC would likely completely collapse as a result costing XC investors of the coin itself everything.  Not to mention all participating coins likely being crippled or dead as well.  There is a lot more at stake than just the share funds here.

I think it is irrational that fundraising wouldn't be done in the most trustworthy and confidence building way possible, and I'm sorry but "pony up all the cash first" doesn't cut it on a scale of this value.

I and anyone can choose to invest or not, but before you argue as an apologist for their proposed fund raising plan think about the stakes not only for the raised funds but for all the coins involved and all the people who have money invested in them.  Then think about the crypto community in general.  There is enough at stake here that these devs can do a little extra work and wait a little extra time to rake in 10,000,000 shares worth of coins.

It boggles my mind that people wouldn't want their investment risk to be minimized in this way.

I like the idea, but any change to the ITO's structure at this stage would place the project in a precarious situation. Not only would the team need to re-inform all potential investors in a short amount of time, but the team's image would draw further criticism in terms of planning, organization, and legitimacy. It'd be one heck of a balancing act that may or may not pay off.

Umm, no.  This thing has barely been announced 2 days there is nothing holding the devs back from restructuring it.  A simple "after deliberating, and taking into account concerns of the community we have decided to restructure initial funding.... blah blah blah..."

Do you really think anyone is going to complain about a safer, more reasonable, and in my opinion more beneficial method of funding for both parties?  Except people looking to troll no matter what ofcourse.  As I suggested before perhaps a BCT poll would gather the feelings of the community on this matter.

[the_game1224]

I think what people were after was POD for all the other developers from the other coins. We already know/trust Dan!

This

[YESEYEneedDIGI]

I did sell out earlier around 5K however have just bought back in, out of all the alts XC Currency stands out to me as a candidate which will carry through to the main stream.  I think though now, we have been patient enough and it is time to move into mainstream.  A serious investor should consider offering material products of value in exchange for XC Rather than purchasing XC Outright..... Makes sense right.  I think it would be much more beneficial as an example.  Let's say i want to Buy into XC Currency with 100000$  Rather than buy outright, how about i buy 200 Iphones and sell them for XC?

The whole Crytpo Net is just a easier way for Pump and Dump Ducks to Quack the market and initiate a high surf with the pricing.

The first gravy train has left and gone never to be seen again, the next train is yet to depart and the station is still not yet a certainty.

There is so much much rubbish out there now i think the dev is underestimating the brand awareness value avhived thus far.  Dark coin is not going anywhere long term, people need to eat but crypto with wierd names is to spicy for them.  Spruce up the website, use a investors leverage and start selling decent products on your accepting XC.

Time to put my feet up in my log cabin in the middle of nowhere and actually think outside the tech bubble.  I'm more than ready to spend XC online, that's for sure.

[JakeThePanda]

Blocknet proof of developer is done


http://www.coinssource.com/trust-index/blocknet-block/


(Which is a bit funny really, considering this: http://xc-official.com/xcurrency-code-reviews-the-de-facto-standard-of-legitimacy-among-altcoins.html)

Since HAL has imploded you may want to scratch that from your list of marketing tools.  Just my 2 XC.

[synechist]

Blocknet proof of developer is done


http://www.coinssource.com/trust-index/blocknet-block/


(Which is a bit funny really, considering this: http://xc-official.com/xcurrency-code-reviews-the-de-facto-standard-of-legitimacy-among-altcoins.html)

Since HAL has imploded you may want to scratch that from your list of marketing tools.  Just my 2 XC.

I don't know... I think it's ok. Dan did a code review, not a general long-term feasibility review.

[JakeThePanda]

Blocknet proof of developer is done


http://www.coinssource.com/trust-index/blocknet-block/


(Which is a bit funny really, considering this: http://xc-official.com/xcurrency-code-reviews-the-de-facto-standard-of-legitimacy-among-altcoins.html)

Since HAL has imploded you may want to scratch that from your list of marketing tools.  Just my 2 XC.

I don't know... I think it's ok. Dan did a code review, not a general long-term feasibility review.

True.  On the other hand, you are showing a price chart to prove your point so it can be a little misleading.  I'll end the conversation there.

[Mountaingoat]

Blocknet proof of developer is done


http://www.coinssource.com/trust-index/blocknet-block/


(Which is a bit funny really, considering this: http://xc-official.com/xcurrency-code-reviews-the-de-facto-standard-of-legitimacy-among-altcoins.html)

What does proof of developer mean?

Does that just mean that it is proven that the developer is who he says he is?

[synechist]

Blocknet proof of developer is done


http://www.coinssource.com/trust-index/blocknet-block/


(Which is a bit funny really, considering this: http://xc-official.com/xcurrency-code-reviews-the-de-facto-standard-of-legitimacy-among-altcoins.html)

What does proof of developer mean?

Does that just mean that it is proven that the developer is who he says he is?

Yes. It signifies that he's gone public with his identity and has therefore staked his reputation on the ethical management of funds for the project.

[CECVW]

Hello,

  I am unable to withdraw XC from mintpal...Any one has the same problem with XC in mintpal and what can I do to get them back?

[Dungor]

From the linked article.

Blocknet includes multiple developers, but ultimately Dan is the mastermind behind his platform.

This is another way of saying "Dans primary focus will be on BlockNET"

How can you say "Blocknet is a genius idea worth 2500 bitcoins.  And will take a genius to build.  And that genius is Dan.  But it won't slow down XC (Dan's current primary project) at all?"

Honestly, how can you still not understand the simplicity in BlockNET from a technical viewpoint?
It is a one time development of an API that can connect the coins, with very little maintenance afterwards.
Let me explain it in "human" terms, imagine that you have a city. In that city there are several shops. Some are shady, some have a good renommé. One of the shops with a good renommé decides that it is gonna build a mall. The shop invites other shops with a good renommé to join him in this shopping mall, but only shops that he can vouch for.
To fund the building of this shopping mall he creates shares. The shares are entitled to rent, in this case the shops decides that rent should be a small % of revenue.

You might have heard this in your local paper, but do you know what happens to the other shops in a city where there is build a mall? They DIE. People will go where they have options, that is the primus motor of capitalism OPTIONS/Choice.

So will the BlockNET benefit XC? BlockNET will enable the average consumer that is new to bitcoin to flirt with altcoin services all in one safe place. (like an android market or iStore).

Will BlockNET take away from XC development time? It has been stated that Xbridge is build on XC-tech, in that case most of the developement is already done.

Will BlockNET be a good investment? That depends on if someone will buy at a higher price that you did, like with everything else. But it also depends on how much "rent" it can cash in.

Will XC benefit from BlockNET? Yes! where is the money?! in the app-stores or in the non-legit apps for your phone? Ever wondered why restaurants and barber shops are so close to each other? Hotellings law(Nash equilibrium) is part of that why, but also because they benefit each other by making the customers first choice easy, where should i go shop? after that the question is, what am I in the mood for.

It is not the Product that is being sold, it is the problem that is being provided a solution to, it is all about enhancing the customer experience.

/end rant

[synechist]

From the linked article.

Blocknet includes multiple developers, but ultimately Dan is the mastermind behind his platform.

This is another way of saying "Dans primary focus will be on BlockNET"

How can you say "Blocknet is a genius idea worth 2500 bitcoins.  And will take a genius to build.  And that genius is Dan.  But it won't slow down XC (Dan's current primary project) at all?"

Honestly, how can you still not understand the simplicity in BlockNET from a technical viewpoint?
It is a one time development of an API that can connect the coins, with very little maintenance afterwards.
Let me explain it in "human" terms, imagine that you have a city. In that city there are several shops. Some are shady, some have a good renommé. One of the shops with a good renommé decides that it is gonna build a mall. The shop invites other shops with a good renommé to join him in this shopping mall, but only shops that he can vouch for.
To fund the building of this shopping mall he creates shares. The shares are entitled to rent, in this case the shops decides that rent should be a small % of revenue.

You might have heard this in your local paper, but do you know what happens to the other shops in a city where there is build a mall? They DIE. People will go where they have options, that is the primus motor of capitalism OPTIONS/Choice.

So will the BlockNET benefit XC? BlockNET will enable the average consumer that is new to bitcoin to flirt with altcoin services all in one safe place. (like an android market or iStore).

Will BlockNET take away from XC development time? It has been stated that Xbridge is build on XC-tech, in that case most of the developement is already done.

Will BlockNET be a good investment? That depends on if someone will buy at a higher price that you did, like with everything else. But it also depends on how much "rent" it can cash in.

Will XC benefit from BlockNET? Yes! where is the money?! in the app-stores or in the non-legit apps for your phone? Ever wondered why restaurants and barber shops are so close to each other? Hotellings law(Nash equilibrium) is part of that why, but also because they benefit each other by making the customers first choice easy, where should i go shop? after that the question is, what am I in the mood for.

It is not the Product that is being sold, it is the problem that is being provided a solution to, it is all about enhancing the customer experience.

/end rant

Excellent analysis there.

The Blocknet is going to be ridiculously huge.

[subversionary]

I'm attempting to set up a mixer and I've been searching through the forums for an elusive answer.

Do the 1,000 XC need to be in the same address in chunks of 250?

or

Do the 1,000 XC need to be in the same wallet spit into different addresses of 250?


Thanks for your help.

[swannsonite]

I'm attempting to set up a mixer and I've been searching through the forums for an elusive answer.

Do the 1,000 XC need to be in the same address in chunks of 250?

or

Do the 1,000 XC need to be in the same wallet spit into different addresses of 250?


Thanks for your help.

Either will work. Once some mixed transactions go though you will have many addresses with various amounts in them.

[subversionary]

I'm attempting to set up a mixer and I've been searching through the forums for an elusive answer.

Do the 1,000 XC need to be in the same address in chunks of 250?

or

Do the 1,000 XC need to be in the same wallet spit into different addresses of 250?


Thanks for your help.

Either will work. Once some mixed transactions go though you will have many addresses with various amounts in them.

Awesome, thank you!

[prospect]

I still do not get it.. 2500 BTC? 950 000 dollars for some tech that will enable the use of other currencys tech between each other. Now, 95% of all currencys already do have the same tech.

[swannsonite]

I still do not get it.. 2500 BTC? 950 000 dollars for some tech that will enable the use of other currencys tech between each other. Now, 95% of all currencys already do have the same tech.

http://downloads.xc-official.com/images/14-10-22%20FAQ.pdf