hoertest
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October 30, 2014, 10:29:29 AM |
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If it was aroud 40k in september back than it was around 20 thousand dollars, at current rate it would be ten. pay some guys for development and arlyn and that money is gone quick. i don't think it is though. i'm pretty shure he bought some block with it. would be fine with that. A premine can't last forever if its used for development.
that beeing said Dan is the biggest marketing fuckup of the century. you have to teach him that actions like that have to be communicated before hand. To easy for the FUD army. (not in here i mean the instant new threads).
BTW i sense some kind of beeing bored and fed upness in general in people on btctalk with all those FUD threads. scam accusation for every coin and project left and right. BLock had tons of it and still collected 800 btc already. i didn't expect it to hit the max anyway.
You been occupied with the ito last couple of days synechist, i understand that, but i wanna see some heavy XC action now. hope we are on the same page here.
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Herbix
Member
Offline
Activity: 97
Merit: 10
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October 30, 2014, 10:37:15 AM |
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Does this sound familiar?Looks like Bitpay is going to compete. open-source effort is designed as a simple, secure and decentralized communications network based on bitcoin cryptography The company describes Foxtrot as a decentralized routing network that enables easy peer-to-peer (p2p) communications, with built-in mechanisms for peer discovery, creation of services addressable by public keys and establishing encrypted connections. Foxtrot is a network that allows nodes to communicate with one another. If they were to gain traction, p2p connections on the scale of the Internet could bring greatly increased security and privacy. Pair suggested that networks in general could incentivize themselves with Foxtrot, saying: "The idea here is that nodes would charge money for a data connection," he said. "I used to work in networking, and I think it is really interesting to think about how ISPs can charge each other for connections. It could totally change the economics how the Internet works." Additionally, he said, a p2p scheme like Foxtrot could innovate networking by securing systems with cryptography and end-to-end encryption, which Foxtrot also provides. Pair cautioned that the Foxtrot project is in its infancy and explained that BitPay wants to add many more features – such as stealth addresses to better protect nodes – to the project. Pair added that the technology would need to be used on the outer edges of networks to begin with, then move inwards to more complex networks, such as those run by ISPs. "You would want to start small at the edges, like with wireless mesh nets," he explained.
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cryptico
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October 30, 2014, 10:41:53 AM |
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If it was aroud 40k in september back than it was around 20 thousand dollars, at current rate it would be ten. pay some guys for development and arlyn and that money is gone quick. i don't think it is though. i'm pretty shure he bought some block with it. would be fine with that. A premine can't last forever if its used for development.
that beeing said Dan is the biggest marketing fuckup of the century. you have to teach him that actions like that have to be communicated before hand. To easy for the FUD army. (not in here i mean the instant new threads).
BTW i sense some kind of beeing bored and fed upness in general in people on btctalk with all those FUD threads. scam accusation for every coin and project left and right. BLock had tons of it and still collected 800 btc already. i didn't expect it to hit the max anyway.
You been occupied with the ito last couple of days synechist, i understand that, but i wanna see some heavy XC action now. hope we are on the same page here.
The fact is that it should not even be to 40k for what we have been told. It should still be full of all the funds as it was stated that all the expenses were going to made public I hope they will be able to clarify that soon. And yes it seems xc have the best tek and the worst communication model for small thing were it looses itself. I'm confident that everything was done in good faith. I hope so. Just with xc it seems we always want to give fudders free piece of new land to start their job and I'm pretty sick and tired of it
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laitec
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October 30, 2014, 10:52:17 AM |
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Very active
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BitNet(VPNCOIN)第二论赠币:Vvqo32yAiARGVym2Kb5DvSqP32S9i9Xtrn
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synechist
Legendary
Offline
Activity: 1190
Merit: 1000
To commodify ethicality is to ethicise the market
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October 30, 2014, 10:58:03 AM |
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Morning folks
Hmm... Looks like we need to get you all some details about how the premine has been spent and which address(es) you can all keep track of it on. It's pretty important that you're able to do this.
We'll need to wait until Dan's awake since I don't have any access to the premine. But I can tell you a few things:
- I will reveal that some of the premine has been used to pay me. It's a full time job, and I'm happy to be paid in XC.
- Dan is very likely to have paid XC to devs for various things.
- I don't think that Dan has used the premine for his own expenses. I actually think he *should* use it for his expenses, and I hope he has, but I'm not sure he has. He's specifically mentioned that XChat was developed out of his own funds.
Some pure speculation:
- I don't know how much of the premine is left, and how much might exist in BTC or another currency.
- It's possible that Dan diversified XC's funding to mitigate risk and/or to pay devs. Good plan in my opinion.
- It's possible that the premine could be used to generate profits on other coins, and thus replenish the premine.
I don't mind at all for you and the dev team to be paid with the premine. What I do mind is if you do this without stating publicly the amounts the addresses and the time you were/are paid. This is just complying with the standards that the team itself set up to follow as per pizpie link with the addresses were mentioning that each expense was going to be public. Let me put this to the community: Would one or two of you be happy to take responsibility for tracking the premine? This is important because if the XC team had this responsibility, there could be a conflict of interest. (Cryptico, expenditures are public because they're on a blockchain. We haven't, like, "failed to comply to our own standards." What's happened is simply that everyone seemed to see no need to keep track of the premine from week to week, and now we're playing catch-up. Looks like there's some tidying up to, but it's all there in the blockchain.)
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Co-Founder, the Blocknet
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wooder
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October 30, 2014, 11:00:52 AM |
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Morning folks
Hmm... Looks like we need to get you all some details about how the premine has been spent and which address(es) you can all keep track of it on. It's pretty important that you're able to do this.
We'll need to wait until Dan's awake since I don't have any access to the premine. But I can tell you a few things:
- I will reveal that some of the premine has been used to pay me. It's a full time job, and I'm happy to be paid in XC.
- Dan is very likely to have paid XC to devs for various things.
- I don't think that Dan has used the premine for his own expenses. I actually think he *should* use it for his expenses, and I hope he has, but I'm not sure he has. He's specifically mentioned that XChat was developed out of his own funds.
Some pure speculation:
- I don't know how much of the premine is left, and how much might exist in BTC or another currency.
- It's possible that Dan diversified XC's funding to mitigate risk and/or to pay devs. Good plan in my opinion.
- It's possible that the premine could be used to generate profits on other coins, and thus replenish the premine.
I don't mind at all for you and the dev team to be paid with the premine. What I do mind is if you do this without stating publicly the amounts the addresses and the time you were/are paid. This is just complying with the standards that the team itself set up to follow as per pizpie link with the addresses were mentioning that each expense was going to be public. Let me put this to the community: Would one or two of you be happy to take responsibility for tracking the premine? This is important because if the XC team had this responsibility, there could be a conflict of interest. (Cryptico, expenditures are public because they're on a blockchain. We haven't, like, "failed to comply to our own standards." What's happened is simply that everyone seemed to see no need to keep track of the premine from week to week, and now we're playing catch-up. Looks like there's some tidying up to, but it's all there in the blockchain.) This is a joke isn't it? On reddit https://www.reddit.com/r/XCofficialreddit/comments/26qqrq/xc_premine_wallet_made_public/ pizpie stated: Hello everyone, in our continued belief in complete transparency, here are the wallets that had / have the pre-mine:
This one is where the funds were during launch:
XTKDMBqrxABBFu8YUtP8wYQWvYULsVp4oa
This is the address where the funds are now:
XS4QLi6VpQQo79HLkoFBj5YZkn6p6TuLKG
These funds will be used strictly for development, community growth. Any amount spent will be made public knowledge in our continued effort of transparency. If you have any questions, comment below or drop in on our IRC live chat.
Thank you.
You should have made it public when you use money for something not tell the community afterwards when someone spotted it, that you don't know what for the money was used.
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cryptico
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October 30, 2014, 11:22:17 AM |
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Morning folks
Hmm... Looks like we need to get you all some details about how the premine has been spent and which address(es) you can all keep track of it on. It's pretty important that you're able to do this.
We'll need to wait until Dan's awake since I don't have any access to the premine. But I can tell you a few things:
- I will reveal that some of the premine has been used to pay me. It's a full time job, and I'm happy to be paid in XC.
- Dan is very likely to have paid XC to devs for various things.
- I don't think that Dan has used the premine for his own expenses. I actually think he *should* use it for his expenses, and I hope he has, but I'm not sure he has. He's specifically mentioned that XChat was developed out of his own funds.
Some pure speculation:
- I don't know how much of the premine is left, and how much might exist in BTC or another currency.
- It's possible that Dan diversified XC's funding to mitigate risk and/or to pay devs. Good plan in my opinion.
- It's possible that the premine could be used to generate profits on other coins, and thus replenish the premine.
I don't mind at all for you and the dev team to be paid with the premine. What I do mind is if you do this without stating publicly the amounts the addresses and the time you were/are paid. This is just complying with the standards that the team itself set up to follow as per pizpie link with the addresses were mentioning that each expense was going to be public. Let me put this to the community: Would one or two of you be happy to take responsibility for tracking the premine? This is important because if the XC team had this responsibility, there could be a conflict of interest. (Cryptico, expenditures are public because they're on a blockchain. We haven't, like, "failed to comply to our own standards." What's happened is simply that everyone seemed to see no need to keep track of the premine from week to week, and now we're playing catch-up. Looks like there's some tidying up to, but it's all there in the blockchain.) Arlyn you'd better weight your words a bit more and read twice what you are posting about this topic here you have quite few senior xc members fed up on how lately things are handled in xc land. Off course everything is public in the block chain I'm not an expert in tracking the block chain and all the transactions are there the fact is that I don't know where the money went and what they were used for. This you fail to comply with the standard set up by yourself. For example I can see that there was a 35000 movement in the second address of the pizpie reddit post on the 27 may all time high let's say it was sold for 0.004 those are 140 BTC for 600 dollars 84000 dollars . it's a lot of money. Now I don't know from the block chain if that was a dump to an exchange or just a movement to another address because I'm not an expert on how to see that and track black chains transactions. This where the fud speculation can begin and where was important for you to make public the use of those funds if they were sold or the movement of them and why. Now please you can begin by stating how much you were paid with the premine till now and on with address. Thank you. You see no caps. I'm improving
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reebokasss
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October 30, 2014, 11:29:07 AM |
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when another big news are coming about XC? NOT ABOUT BLOCKNET. this week? next week? XC needs big news like air, because if we see more FUD like now, 60k wont be a bottom :/
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synechist
Legendary
Offline
Activity: 1190
Merit: 1000
To commodify ethicality is to ethicise the market
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October 30, 2014, 11:29:28 AM |
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Morning folks
Hmm... Looks like we need to get you all some details about how the premine has been spent and which address(es) you can all keep track of it on. It's pretty important that you're able to do this.
We'll need to wait until Dan's awake since I don't have any access to the premine. But I can tell you a few things:
- I will reveal that some of the premine has been used to pay me. It's a full time job, and I'm happy to be paid in XC.
- Dan is very likely to have paid XC to devs for various things.
- I don't think that Dan has used the premine for his own expenses. I actually think he *should* use it for his expenses, and I hope he has, but I'm not sure he has. He's specifically mentioned that XChat was developed out of his own funds.
Some pure speculation:
- I don't know how much of the premine is left, and how much might exist in BTC or another currency.
- It's possible that Dan diversified XC's funding to mitigate risk and/or to pay devs. Good plan in my opinion.
- It's possible that the premine could be used to generate profits on other coins, and thus replenish the premine.
I don't mind at all for you and the dev team to be paid with the premine. What I do mind is if you do this without stating publicly the amounts the addresses and the time you were/are paid. This is just complying with the standards that the team itself set up to follow as per pizpie link with the addresses were mentioning that each expense was going to be public. Let me put this to the community: Would one or two of you be happy to take responsibility for tracking the premine? This is important because if the XC team had this responsibility, there could be a conflict of interest. (Cryptico, expenditures are public because they're on a blockchain. We haven't, like, "failed to comply to our own standards." What's happened is simply that everyone seemed to see no need to keep track of the premine from week to week, and now we're playing catch-up. Looks like there's some tidying up to, but it's all there in the blockchain.) This is a joke isn't it? On reddit https://www.reddit.com/r/XCofficialreddit/comments/26qqrq/xc_premine_wallet_made_public/ pizpie stated: Hello everyone, in our continued belief in complete transparency, here are the wallets that had / have the pre-mine:
This one is where the funds were during launch:
XTKDMBqrxABBFu8YUtP8wYQWvYULsVp4oa
This is the address where the funds are now:
XS4QLi6VpQQo79HLkoFBj5YZkn6p6TuLKG
These funds will be used strictly for development, community growth. Any amount spent will be made public knowledge in our continued effort of transparency. If you have any questions, comment below or drop in on our IRC live chat.
Thank you.
You should have made it public when you use money for something not tell the community afterwards when someone spotted it, that you don't know what for the money was used. By Pizpie's statement, any *amount* spent will be made public knowledge. That's what blockchains do. Every transaction is public knowledge. As for revealing what the amounts were spent on, the commitment Pizpie made is that funds will be used strictly for development and community growth. - This is an ethical commitment, because, for example, I personally would not like my income to be public. I'd imagine that it would only be under exceptional circumstances that this would be ethically called for. I value my privacy as much as any of you do. - The most frequent purpose of tracking a premine is to check that the dev doesn't dump it. Clearly Dan hasn't done this. So do we have further concerns? - If the community would like to extend the tracking to identify every single expense, well, I guess we'd need to consider it, but I wouldn't be put in a comfortable position. In short, no, it's not a joke. Now if there's anyone in the community interested in tracking premine expenditures, by all means, let everyone know.
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Co-Founder, the Blocknet
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dannyspk
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October 30, 2014, 11:33:56 AM |
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A 16 BTC dump on Bter and a 6 BTC wall on 60k on Bittrex. This is getting ridiculous.
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wooder
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October 30, 2014, 11:37:43 AM |
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Morning folks
Hmm... Looks like we need to get you all some details about how the premine has been spent and which address(es) you can all keep track of it on. It's pretty important that you're able to do this.
We'll need to wait until Dan's awake since I don't have any access to the premine. But I can tell you a few things:
- I will reveal that some of the premine has been used to pay me. It's a full time job, and I'm happy to be paid in XC.
- Dan is very likely to have paid XC to devs for various things.
- I don't think that Dan has used the premine for his own expenses. I actually think he *should* use it for his expenses, and I hope he has, but I'm not sure he has. He's specifically mentioned that XChat was developed out of his own funds.
Some pure speculation:
- I don't know how much of the premine is left, and how much might exist in BTC or another currency.
- It's possible that Dan diversified XC's funding to mitigate risk and/or to pay devs. Good plan in my opinion.
- It's possible that the premine could be used to generate profits on other coins, and thus replenish the premine.
I don't mind at all for you and the dev team to be paid with the premine. What I do mind is if you do this without stating publicly the amounts the addresses and the time you were/are paid. This is just complying with the standards that the team itself set up to follow as per pizpie link with the addresses were mentioning that each expense was going to be public. Let me put this to the community: Would one or two of you be happy to take responsibility for tracking the premine? This is important because if the XC team had this responsibility, there could be a conflict of interest. (Cryptico, expenditures are public because they're on a blockchain. We haven't, like, "failed to comply to our own standards." What's happened is simply that everyone seemed to see no need to keep track of the premine from week to week, and now we're playing catch-up. Looks like there's some tidying up to, but it's all there in the blockchain.) This is a joke isn't it? On reddit https://www.reddit.com/r/XCofficialreddit/comments/26qqrq/xc_premine_wallet_made_public/ pizpie stated: Hello everyone, in our continued belief in complete transparency, here are the wallets that had / have the pre-mine:
This one is where the funds were during launch:
XTKDMBqrxABBFu8YUtP8wYQWvYULsVp4oa
This is the address where the funds are now:
XS4QLi6VpQQo79HLkoFBj5YZkn6p6TuLKG
These funds will be used strictly for development, community growth. Any amount spent will be made public knowledge in our continued effort of transparency. If you have any questions, comment below or drop in on our IRC live chat.
Thank you.
You should have made it public when you use money for something not tell the community afterwards when someone spotted it, that you don't know what for the money was used. By Pizpie's statement, any *amount* spent will be made public knowledge. That's what blockchains do. Every transaction is public knowledge. As for revealing what the amounts were spent on, the commitment Pizpie made is that funds will be used strictly for development and community growth. - This is an ethical commitment, because, for example, I personally would not like my income to be public. I'd imagine that it would only be under exceptional circumstances that this would be ethically called for. I value my privacy as much as any of you do. - The most frequent purpose of tracking a premine is to check that the dev doesn't dump it. Clearly Dan hasn't done this. So do we have further concerns? - If the community would like to extend the tracking to identify every single expense, well, I guess we'd need to consider it, but I wouldn't be put in a comfortable position. In short, no, it's not a joke. Now if there's anyone in the community interested in tracking premine expenditures, by all means, let everyone know. Only 6k are left so there isn't much to track anymore. "Any amount spent will be made public knowledge in our continued effort of transparency. " Made public doesn't mean to have a blockchain as otherwise this sentence is just a waste of space, i read it more like, the XC team will announce what for the money is used in a proactive way. You and the other XC members are the only people that can track the coins and tell the community what the money is used for. We can now also see the that money was moved but no one knows where. Even if you state that you don't dumped it we have to believe you and as it seems believing in the XC team statements isn't the best idea at least when i look at the reddit statement and the premine wallet.
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the_game1224
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October 30, 2014, 11:44:22 AM |
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You should have made it public when you use money for something not tell the community afterwards when someone spotted it, that you don't know what for the money was used.
By Pizpie's statement, any *amount* spent will be made public knowledge. That's what blockchains do. Every transaction is public knowledge. As for revealing what the amounts were spent on, the commitment Pizpie made is that funds will be used strictly for development and community growth. - This is an ethical commitment, because, for example, I personally would not like my income to be public. I'd imagine that it would only be under exceptional circumstances that this would be ethically called for. I value my privacy as much as any of you do. - The most frequent purpose of tracking a premine is to check that the dev doesn't dump it. Clearly Dan hasn't done this. So do we have further concerns? - If the community would like to extend the tracking to identify every single expense, well, I guess we'd need to consider it, but I wouldn't be put in a comfortable position. In short, no, it's not a joke. Now if there's anyone in the community interested in tracking premine expenditures, by all means, let everyone know. Sorry to be harsh and direct to the point but please stop twisting words, it is really starting to wear on us all. There have been several examples where you have done this in the past and it gives a terrible impression. Anyway back to the topic at hand... I have no problem if the entire pre-mine was spent, you all have done a lot of work and deserve to be paid. However it sure was implied that we would be informed and NOT via us having to monitor the blockchain 24/7. Again I don't care if you all were paid with it, actually you should be. But definitely left XC open to FUD in the way it was done.
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synechist
Legendary
Offline
Activity: 1190
Merit: 1000
To commodify ethicality is to ethicise the market
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October 30, 2014, 11:45:55 AM |
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Morning folks
Hmm... Looks like we need to get you all some details about how the premine has been spent and which address(es) you can all keep track of it on. It's pretty important that you're able to do this.
We'll need to wait until Dan's awake since I don't have any access to the premine. But I can tell you a few things:
- I will reveal that some of the premine has been used to pay me. It's a full time job, and I'm happy to be paid in XC.
- Dan is very likely to have paid XC to devs for various things.
- I don't think that Dan has used the premine for his own expenses. I actually think he *should* use it for his expenses, and I hope he has, but I'm not sure he has. He's specifically mentioned that XChat was developed out of his own funds.
Some pure speculation:
- I don't know how much of the premine is left, and how much might exist in BTC or another currency.
- It's possible that Dan diversified XC's funding to mitigate risk and/or to pay devs. Good plan in my opinion.
- It's possible that the premine could be used to generate profits on other coins, and thus replenish the premine.
I don't mind at all for you and the dev team to be paid with the premine. What I do mind is if you do this without stating publicly the amounts the addresses and the time you were/are paid. This is just complying with the standards that the team itself set up to follow as per pizpie link with the addresses were mentioning that each expense was going to be public. Let me put this to the community: Would one or two of you be happy to take responsibility for tracking the premine? This is important because if the XC team had this responsibility, there could be a conflict of interest. (Cryptico, expenditures are public because they're on a blockchain. We haven't, like, "failed to comply to our own standards." What's happened is simply that everyone seemed to see no need to keep track of the premine from week to week, and now we're playing catch-up. Looks like there's some tidying up to, but it's all there in the blockchain.) This is a joke isn't it? On reddit https://www.reddit.com/r/XCofficialreddit/comments/26qqrq/xc_premine_wallet_made_public/ pizpie stated: Hello everyone, in our continued belief in complete transparency, here are the wallets that had / have the pre-mine:
This one is where the funds were during launch:
XTKDMBqrxABBFu8YUtP8wYQWvYULsVp4oa
This is the address where the funds are now:
XS4QLi6VpQQo79HLkoFBj5YZkn6p6TuLKG
These funds will be used strictly for development, community growth. Any amount spent will be made public knowledge in our continued effort of transparency. If you have any questions, comment below or drop in on our IRC live chat.
Thank you.
You should have made it public when you use money for something not tell the community afterwards when someone spotted it, that you don't know what for the money was used. By Pizpie's statement, any *amount* spent will be made public knowledge. That's what blockchains do. Every transaction is public knowledge. As for revealing what the amounts were spent on, the commitment Pizpie made is that funds will be used strictly for development and community growth. - This is an ethical commitment, because, for example, I personally would not like my income to be public. I'd imagine that it would only be under exceptional circumstances that this would be ethically called for. I value my privacy as much as any of you do. - The most frequent purpose of tracking a premine is to check that the dev doesn't dump it. Clearly Dan hasn't done this. So do we have further concerns? - If the community would like to extend the tracking to identify every single expense, well, I guess we'd need to consider it, but I wouldn't be put in a comfortable position. In short, no, it's not a joke. Now if there's anyone in the community interested in tracking premine expenditures, by all means, let everyone know. Only 6k are left so there isn't much to track anymore. "Any amount spent will be made public knowledge in our continued effort of transparency. " Made public doesn't mean to have a blockchain as otherwise this sentence is just a waste of space, i read it more like, the XC team will announce what for the money is used for to be transparent. You and the other XC members are the only people that can track the coins and tell the community what the money is used for. We can now also see the that money was moved but no one knows where. Even if you state that you don't dumped it we have to believe you and as it seems believing in the XC team statements isn't the best idea at least when i look at the reddit statement and the premine wallet. So your interpretation of Pizpie was that we'd provide details on the purpose of every single payment from the premine addresses? Aside from the fact that this isn't what Pizpie committed to, do you think that it would be ethical for us to disclose people's salaries? (I'm not asking this rhetorically btw. I'm genuinely interested. It's a priority of ours that the community is part of this process.)
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Co-Founder, the Blocknet
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cryptico
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October 30, 2014, 11:50:32 AM |
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So your interpretation of Pizpie was that we'd provide details on the purpose of every single payment from the premine addresses?
Aside from the fact that this isn't what Pizpie committed to, do you think that it would be ethical for us to disclose people's salaries?
(I'm not asking this rhetorically btw. I'm genuinely interested. It's a priority of ours that the community is part of this process.)
Yes it does it is the only way to fairly track a premine and set a standard for transparency in crypto land.
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wooder
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October 30, 2014, 11:52:04 AM |
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Morning folks
Hmm... Looks like we need to get you all some details about how the premine has been spent and which address(es) you can all keep track of it on. It's pretty important that you're able to do this.
We'll need to wait until Dan's awake since I don't have any access to the premine. But I can tell you a few things:
- I will reveal that some of the premine has been used to pay me. It's a full time job, and I'm happy to be paid in XC.
- Dan is very likely to have paid XC to devs for various things.
- I don't think that Dan has used the premine for his own expenses. I actually think he *should* use it for his expenses, and I hope he has, but I'm not sure he has. He's specifically mentioned that XChat was developed out of his own funds.
Some pure speculation:
- I don't know how much of the premine is left, and how much might exist in BTC or another currency.
- It's possible that Dan diversified XC's funding to mitigate risk and/or to pay devs. Good plan in my opinion.
- It's possible that the premine could be used to generate profits on other coins, and thus replenish the premine.
I don't mind at all for you and the dev team to be paid with the premine. What I do mind is if you do this without stating publicly the amounts the addresses and the time you were/are paid. This is just complying with the standards that the team itself set up to follow as per pizpie link with the addresses were mentioning that each expense was going to be public. Let me put this to the community: Would one or two of you be happy to take responsibility for tracking the premine? This is important because if the XC team had this responsibility, there could be a conflict of interest. (Cryptico, expenditures are public because they're on a blockchain. We haven't, like, "failed to comply to our own standards." What's happened is simply that everyone seemed to see no need to keep track of the premine from week to week, and now we're playing catch-up. Looks like there's some tidying up to, but it's all there in the blockchain.) This is a joke isn't it? On reddit https://www.reddit.com/r/XCofficialreddit/comments/26qqrq/xc_premine_wallet_made_public/ pizpie stated: Hello everyone, in our continued belief in complete transparency, here are the wallets that had / have the pre-mine:
This one is where the funds were during launch:
XTKDMBqrxABBFu8YUtP8wYQWvYULsVp4oa
This is the address where the funds are now:
XS4QLi6VpQQo79HLkoFBj5YZkn6p6TuLKG
These funds will be used strictly for development, community growth. Any amount spent will be made public knowledge in our continued effort of transparency. If you have any questions, comment below or drop in on our IRC live chat.
Thank you.
You should have made it public when you use money for something not tell the community afterwards when someone spotted it, that you don't know what for the money was used. By Pizpie's statement, any *amount* spent will be made public knowledge. That's what blockchains do. Every transaction is public knowledge. As for revealing what the amounts were spent on, the commitment Pizpie made is that funds will be used strictly for development and community growth. - This is an ethical commitment, because, for example, I personally would not like my income to be public. I'd imagine that it would only be under exceptional circumstances that this would be ethically called for. I value my privacy as much as any of you do. - The most frequent purpose of tracking a premine is to check that the dev doesn't dump it. Clearly Dan hasn't done this. So do we have further concerns? - If the community would like to extend the tracking to identify every single expense, well, I guess we'd need to consider it, but I wouldn't be put in a comfortable position. In short, no, it's not a joke. Now if there's anyone in the community interested in tracking premine expenditures, by all means, let everyone know. Only 6k are left so there isn't much to track anymore. "Any amount spent will be made public knowledge in our continued effort of transparency. " Made public doesn't mean to have a blockchain as otherwise this sentence is just a waste of space, i read it more like, the XC team will announce what for the money is used for to be transparent. You and the other XC members are the only people that can track the coins and tell the community what the money is used for. We can now also see the that money was moved but no one knows where. Even if you state that you don't dumped it we have to believe you and as it seems believing in the XC team statements isn't the best idea at least when i look at the reddit statement and the premine wallet. So your interpretation of Pizpie was that we'd provide details on the purpose of every single payment from the premine addresses? Aside from the fact that this isn't what Pizpie committed to, do you think that it would be ethical for us to disclose people's salaries? (I'm not asking this rhetorically btw. I'm genuinely interested. It's a priority of ours that the community is part of this process.) You could sum stuff up and say we paid people. I mean what do you the community expect to do? Track the wallet 24/7 to see when the wallet is used? It was not my interpretation it was how the sentence was ment. Otherwise it would just be a waste of space. A blockchain already implies that transactions are public. Somehow XC begins to feel like all the other scam coins
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the_game1224
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October 30, 2014, 11:55:23 AM |
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So your interpretation of Pizpie was that we'd provide details on the purpose of every single payment from the premine addresses?
Aside from the fact that this isn't what Pizpie committed to, do you think that it would be ethical for us to disclose people's salaries?
(I'm not asking this rhetorically btw. I'm genuinely interested. It's a priority of ours that the community is part of this process.)
That was not my interpretation. I certainly wouldn't expect details and specific salaries for dev but a simple post telling us the team has been paid using it or it has been converted to BTC/FIAT for "insert purpose here" was the expectation set based on that post.
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reebokasss
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October 30, 2014, 11:57:18 AM |
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its a bit joke but look at bittrex buy orders, only 15 BTC dump and we will be at 1 satoshi nice buy support
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mav137
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October 30, 2014, 11:57:30 AM |
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This being the XC thread, and XC being the new standard of transparency in crypto (started with Dan's linkedin profile) it would be great if the team would set the bar for the crypto landscape and give a top level overview how much we had, how much we have and on what general fields it has been spend. (Costs per development milestone, marketing, etc). It's one thing to promise this beforehand and I can completely understand this didn't get top priority in the overall development/activities, but it sure would be great if we could get an open and direct answer about it. It's another chance to show how this crypto business is supposed to be run ethically. I can understand you (syn) feel being pressed in a hard place because of the critical questions, but simply noting you don't know would be sufficient for now. Just until Dan has the possibility to clear things up that's totally ok. Please don't make tracking the financial expenses our responsibility, XC is anonymous for crying out loud It's impossible. Some transparency about those main expenses would be sufficient in my opinion
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cryptico
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October 30, 2014, 11:58:30 AM |
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So your interpretation of Pizpie was that we'd provide details on the purpose of every single payment from the premine addresses?
Aside from the fact that this isn't what Pizpie committed to, do you think that it would be ethical for us to disclose people's salaries?
(I'm not asking this rhetorically btw. I'm genuinely interested. It's a priority of ours that the community is part of this process.)
That was not my interpretation. I certainly wouldn't expect details and specific salaries for dev but a simple post telling us the team has been paid using it or it has been converted to BTC/FIAT for "insert purpose here" was the expectation set based on that post. Exactly that
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hoertest
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October 30, 2014, 12:00:15 PM |
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crypto is a special place. if you get paid from a premine you have to live with the fact that this salary isn't private. thats just part of the game. Arlyn you nitpicking regarding formulations annoys big time. a line like "we gonne pay some devs from the premine the next day" and the total amount for how many total work hours wouldn't be to much to ask. Its just the worst possible timing to do this the day after blocknet ipo. how stupid can one be.
btw the theorie of dan cashing out and moving to blocknet is nonsense since blocknet would be done with his reputation killed like that.
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