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

[hoertest]

I've been running an xmixer for over a week now and haven't received a single fee. However, I have been charged a very minimal fee of -0.0001 XC that Dan said was a mistake.

Is anyone running an xmixer and actually processing private transactions? If so how often?

Thanks

 i don't think there is a lot of private transactions going on already . this thing is still not finished and marketed to a bigger user base. lets face it right now XC is a specualtion object. I specualte on the ability of Dan and his team to get this technology to the point of mass market usabilty. but still its specualtion at this point.

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[mr_random]

I think it would help calm the waters if we could have a statement of how Dan's development time will be affected by his second project - the Blocknet.

Up until now it seems like Dan has been putting 100% of his working week into XC.

How is that now going to change. 50% of his time into XC, 50% into Blocknet? 20% XC, 80% Blocknet.?

In the Blocknet topic, Blocknet is described as being backed by Dan.

[hoertest]

I think it would help calm the waters if we could have a statement of how Dan's development time will be affected by his second project - the Blocknet.

Up until now it seems like Dan has been putting 100% of his working week into XC.

How is that now going to change. 50% of his time into XC, 50% into Blocknet? 20% XC, 80% Blocknet.?

In the Blocknet topic, Blocknet is described as being backed by Dan.

Yeah that was arlyns formualtion, he is a little stressed i think today  , the Xbridge was Dans invention  but it will be finished together with all devs from blocknet plus they just collect money to higher freelancers. so i think Dans role will be more of an intelectual supervisor with blocknet whereas he is directly working "at the ground" on XC like he did the last months. I think Dan knows exactly what he is working on with the XC anon so i have zero fear of him loosing interest or giving up to much time for blocknet. XC anon = Bitcoin 2.0. its the most important task on his plate and i'm shure he knows it. that beeing said i'm not part of the team so you have to wait for Dan to give more clearence.

[Reese212]

Hi!

I haven't been here for a while. I recognized the Blocknet-thing, but tbh, I really Need your advice.
I've still got my XC in my wallet - what should I do with them now?

Are there only These 2 possibilities?
1) sell xc for btc
2) buy block for btc @ bittrex

I guess there's something else isn't it?


Thanks for helping me out!

You could also buy btc for fiat and use that to buy block.

holding xc is no option ?  
some thoughts :
blocknet is more useful then XC, so it should have a higher price compared to XC
assuming the blocknet will have 10 mio tokens , -> nearly double amount of xc coins ->
so the price should be higher then the price of  0,5 XC
-> xc's current price ( 0,00069011) needs to come into a more logical rate  (xc need to be cheaper then blocknet)
option 1: supernet price needs to rise a lot  (from 0,00025 above 0,00069011:2 ~=~ 0,00035)
option 2: xc price needs to falls a lot (under 0,0025)
option 3: supernet rises and xc falls (maybe sth like 0,004 for a blocknet token and 0,003 fo one XC)
where are mistakes in my thoughts ?

Yeah well that was my mistake. Of course, just Holding my XC is an Option. But I thought that there is an Option to Change my XC into BLOCK.
Is this possible? I still don't get it right.

[subversionary]

I've been running an xmixer for over a week now and haven't received a single fee. However, I have been charged a very minimal fee of -0.0001 XC that Dan said was a mistake.

Is anyone running an xmixer and actually processing private transactions? If so how often?

Thanks

 i don't think there is a lot of private transactions going on already . this thing is still not finished and marketed to a bigger user base. lets face it right now XC is a specualtion object. I specualte on the ability of Dan and his team to get this technology to the point of mass market usabilty. but still its specualtion at this point.

To clarify, to me it's functioning technology not speculation. I guess to others it could be speculation as far as the price and investing is concerned, but that isn't really what I'm concerned with at the moment.

I want to touch base with others that may be running an xmixer and make sure that I'm not the only one experiencing this and I would like to know if anyone is successfully processing any private transactions.

Is it typical to run an xmixer for a week without processing a single transaction? If so then I'm perfectly contempt just knowing that is the case.

Thanks for your reply.

[rokkyroad]

Reese,

You could have bought blocknet with your Xc for a 10% discount. There was a limited number of blocknet tokens available for this offer.  These sold out in a few hours.

I think that offer was shared with the other affiliate coins.

[akula999]

Reese,

You could have bought blocknet with your Xc for a 10% discount. There was a limited number of blocknet tokens available for this offer.  These sold out in a few hours.

I think that offer was shared with the other affiliate coins.

I think it's unfair that some folks couldn't use some of their XC to buy blocknet tokens. I didn't find out about this until after it was sold out.

[rokkyroad]

Reese,

You could have bought blocknet with your Xc for a 10% discount. There was a limited number of blocknet tokens available for this offer.  These sold out in a few hours.

I think that offer was shared with the other affiliate coins.

I think it's unfair that some folks couldn't use some of their XC to buy blocknet tokens. I didn't find out about this until after it was sold out.

It was "first come first served". To hell with the long time Xc holders.

[mr_random]

Hi!

I haven't been here for a while. I recognized the Blocknet-thing, but tbh, I really Need your advice.
I've still got my XC in my wallet - what should I do with them now?

Are there only These 2 possibilities?
1) sell xc for btc
2) buy block for btc @ bittrex

I guess there's something else isn't it?


Thanks for helping me out!

You could also buy btc for fiat and use that to buy block.

holding xc is no option ?  
some thoughts :
blocknet is more useful then XC, so it should have a higher price compared to XC
assuming the blocknet will have 10 mio tokens , -> nearly double amount of xc coins ->
so the price should be higher then the price of  0,5 XC
-> xc's current price ( 0,00069011) needs to come into a more logical rate  (xc need to be cheaper then blocknet)
option 1: supernet price needs to rise a lot  (from 0,00025 above 0,00069011:2 ~=~ 0,00035)
option 2: xc price needs to falls a lot (under 0,0025)
option 3: supernet rises and xc falls (maybe sth like 0,004 for a blocknet token and 0,003 fo one XC)
where are mistakes in my thoughts ?

I posted this in the Blocknet topic.

I've been analysing the investment potential of this project and detail my methodology below. Essentially these tokens derive their value from the micro fees they receive. As the OP explains these aren't coins -  "is not a coin but a token of value the blocknet adds to every service it enables."

Let's assume you have 1 BTC worth of these tokens out of the 2500 BTC worth of tokens out there. Typically for an ordinary investment, 10% return would be amazing for a year. In crypto where things are very high risk and volatile, people would expect more like a 100% return in a year.

So 1 BTC should give 1 BTC in terms of "paid feeds" over the course of a year. Which means 2500 BTC worth of paid fees across the network. I don't believe the fee structure has been made public or is even known? The term micro fee suggests it will be small. I'm speculating a complete guess at 0.5%. But fees don't just go to the token holders they also go to the node which renders the service, so if that is split 50-50, the amount going to the token holders would be half that. But let's assume it's 0.5%.

For 2500 BTC worth of fees to have been paid, that means 2500 BTC represents 0.5% of all the transactions that have occurred - giving a total figure of 500,000 BTC.

That is right. According to my rough calculations, the network needs to be handling 500,000 BTC worth of volume per year for 1 BTC worth of these tokens to generate 100% return in terms of fees paid. That to me seems unlikely to be happening early on in the life of the Blocknet.

Any thoughts/discussion on my post?

[URSAY]

Reese,

You could have bought blocknet with your Xc for a 10% discount. There was a limited number of blocknet tokens available for this offer.  These sold out in a few hours.

I think that offer was shared with the other affiliate coins.

I think it's unfair that some folks couldn't use some of their XC to buy blocknet tokens. I didn't find out about this until after it was sold out.

It was "first come first served". To hell with the long time Xc holders.

All you had to do was get out of bed.

[EDIT] You could of even done it from your bed but you chose not to

[spookycoins]

Glad to be holding both XC and BLOCK shares.

[URSAY]

Reese,

You could have bought blocknet with your Xc for a 10% discount. There was a limited number of blocknet tokens available for this offer.  These sold out in a few hours.

I think that offer was shared with the other affiliate coins.

I think it's unfair that some folks couldn't use some of their XC to buy blocknet tokens. I didn't find out about this until after it was sold out.

Many people understood the terms and process.  If you were not one of them then perhaps you didn't choose to read up on the terms and understand the release.  Nothing is unfair about you choosing to ignore the specifics.

[Reese212]

Reese,

You could have bought blocknet with your Xc for a 10% discount. There was a limited number of blocknet tokens available for this offer.  These sold out in a few hours.

I think that offer was shared with the other affiliate coins.

ok thanks, this was the answer i was looking for.
so then, i was too late. that's okay. i only wanted to make sure that i'm not missing a Deadline where XC becomes worthless. this thought was only based on rumors.
but now i know about These rumors - it came up with the 10% Discount opportunity.

thanks for clearification!

[policymaker]

I've been running an xmixer for over a week now and haven't received a single fee. However, I have been charged a very minimal fee of -0.0001 XC that Dan said was a mistake.

Is anyone running an xmixer and actually processing private transactions? If so how often?

Thanks

Its pretty reasonable that your xmixer, IF set up correctly through firewall, didnt receive any fees. XC is private, but its still not marketed widely, its code hasnt been ironed out for release, and its still not "mainstream" easy to do most stuff(like use the xchat). It might be easy to setup a mixer, and try the xchat for us, but its nowhere as easy as using paypal to transact, or skype to chat. Its more than possible though.

When Dan released the xmixer tech and its revisions, there were a handful of people testing mixers plus private transactions, with rewards such as ~0.00043 per transactions. We still havent cleared the formula of the fee, but that mixer reward included transactions up to 10 xc only, if I recall correctly, and there were people receiving rewards twitch or 3 times per day, just for the testing pf what? 10? 20? 50 people at most, holders and lurkers alike?

Xmixers can still stake mind you, Im still not sure how you can arrange your addresses to maximize staking+private fees, but I get a feeling there will be LOTS of info on that, after XC mainstream release. Now with blocknet, you need not even speculate that XC gets super massive mainstream usage, because ur mixers will serve every participating coin community wanting to transact in private through the comfort of their own funds/wallet.

Now imagine XC team staying true(like it always has) to its roadmap development, and getting some mainstream love as a leader in private tech, XC ITO launching, and XC itself get some sweet mobile/desktop app dressing up(team is working on desktop/mobile UI  and official site as we speak). People realising they can use private mixers tech to gain fees from the WHOLE blocknet itself. What if the opened source xbridge gets accomodated in BTC wallet itself? BTC? With xbridge? Being served by your mixer?

I am going to answer akkula's concern: "I cannot buy 20 to 30 XC every now and then, its just pointless". Well that's what people did with BTC back in 10/11/12 and now they would die to be able to get their hands on 20 or 30 BTC every now and then.... Exaggerating? perhaps. But if technical analysis is even 25% correct, in 1 years time BTC will have exploded and most decent alts will gain real value along with it.

[akula999]

Reese,

You could have bought blocknet with your Xc for a 10% discount. There was a limited number of blocknet tokens available for this offer.  These sold out in a few hours.

I think that offer was shared with the other affiliate coins.

I think it's unfair that some folks couldn't use some of their XC to buy blocknet tokens. I didn't find out about this until after it was sold out.

Many people understood the terms and process.  If you were not one of them then perhaps you didn't choose to read up on the terms and understand the release.  Nothing is unfair about you choosing to ignore the specifics.

Ignoring or just don't have the time to read so much information. Choose your words carefully next time. A lot of people have have lives which are chaotic outside of this crypto world.

[URSAY]

Reese,

You could have bought blocknet with your Xc for a 10% discount. There was a limited number of blocknet tokens available for this offer.  These sold out in a few hours.

I think that offer was shared with the other affiliate coins.

I think it's unfair that some folks couldn't use some of their XC to buy blocknet tokens. I didn't find out about this until after it was sold out.

Many people understood the terms and process.  If you were not one of them then perhaps you didn't choose to read up on the terms and understand the release.  Nothing is unfair about you choosing to ignore the specifics.

Ignoring or just don't have the time to read so much information. Choose your words carefully next time. A lot of people have have lives which are chaotic outside of this crypto world.

Choose my words carefully?  What you do with your life is your own choice.  Don't call it unfair if you choose to do other things with your life.  Ha.

[G-Bert]

Reese,

You could have bought blocknet with your Xc for a 10% discount. There was a limited number of blocknet tokens available for this offer.  These sold out in a few hours.

I think that offer was shared with the other affiliate coins.

I think it's unfair that some folks couldn't use some of their XC to buy blocknet tokens. I didn't find out about this until after it was sold out.

It was "first come first served". To hell with the long time Xc holders.

All you had to do was get out of bed.

[EDIT] You could of even done it from your bed but you chose not to

To be fair, the news of only 20% of the coins going to alts did only come out less than 24 hours before the ITO started, but hey ho. whats done is done.

Couldn't you still sell some for BTC on poloniex and still get them at a discount as people are selling them cheaper?

[policymaker]

Reese,

You could have bought blocknet with your Xc for a 10% discount. There was a limited number of blocknet tokens available for this offer.  These sold out in a few hours.

I think that offer was shared with the other affiliate coins.

I think it's unfair that some folks couldn't use some of their XC to buy blocknet tokens. I didn't find out about this until after it was sold out.

Many people understood the terms and process.  If you were not one of them then perhaps you didn't choose to read up on the terms and understand the release.  Nothing is unfair about you choosing to ignore the specifics.

Ignoring or just don't have the time to read so much information. Choose your words carefully next time. A lot of people have have lives which are chaotic outside of this crypto world.

Agreed, but still, imagine 2 years from now you are going to be transacting hundreds of XC or block or w/e and you will be considered a big fish, and people will be like "ur so lucky dude u got in so early", the fact that u missed the 10% today for w/e reason will be irrelevant. I have a friend who spotted BTC a couple of weeks after its launch. He said he was "bored and wouldn't waste time on it". Yeah, ouch.

[akula999]

Reese,

You could have bought blocknet with your Xc for a 10% discount. There was a limited number of blocknet tokens available for this offer.  These sold out in a few hours.

I think that offer was shared with the other affiliate coins.

I think it's unfair that some folks couldn't use some of their XC to buy blocknet tokens. I didn't find out about this until after it was sold out.

Many people understood the terms and process.  If you were not one of them then perhaps you didn't choose to read up on the terms and understand the release.  Nothing is unfair about you choosing to ignore the specifics.

Ignoring or just don't have the time to read so much information. Choose your words carefully next time. A lot of people have have lives which are chaotic outside of this crypto world.

Agreed, but still, imagine 2 years from now you are going to be transacting hundreds of XC or block or w/e and you will be considered a big fish, and people will be like "ur so lucky dude u got in so early", the fact that u missed the 10% today for w/e reason will be irrelevant. I have a friend who spotted BTC a couple of weeks after its launch. He said he was "bored and wouldn't waste time on it". Yeah, ouch.

The sad part of the story is that I purchased bitcoins from a recommendation from a friend back when they were around .75 cents each (US Dollars). I purchased 1000 of them from my friend who had something like 10000 or more of them. I held onto them until they were worth $10 each, I quickly sold due to fear and made a nice profit. Had I held onto them, well that would of been a different story

[Come-In-Behind]

Reese,

You could have bought blocknet with your Xc for a 10% discount. There was a limited number of blocknet tokens available for this offer.  These sold out in a few hours.

I think that offer was shared with the other affiliate coins.

I think it's unfair that some folks couldn't use some of their XC to buy blocknet tokens. I didn't find out about this until after it was sold out.

Many people understood the terms and process.  If you were not one of them then perhaps you didn't choose to read up on the terms and understand the release.  Nothing is unfair about you choosing to ignore the specifics.

Ignoring or just don't have the time to read so much information. Choose your words carefully next time. A lot of people have have lives which are chaotic outside of this crypto world.

Agreed, but still, imagine 2 years from now you are going to be transacting hundreds of XC or block or w/e and you will be considered a big fish, and people will be like "ur so lucky dude u got in so early", the fact that u missed the 10% today for w/e reason will be irrelevant. I have a friend who spotted BTC a couple of weeks after its launch. He said he was "bored and wouldn't waste time on it". Yeah, ouch.

The sad part of the story is that I purchased bitcoins from a recommendation from a friend back when they were around .75 cents each (US Dollars). I purchased 1000 of them from my friend who had something like 10000 or more of them. I held onto them until they were worth $10 each, I quickly sold due to fear and made a nice profit. Had I held onto them, well that would of been a different story

Yea we all have those, " I fucked up big time" moments. Truly sucks, but at least all who went through it learned from the experience.