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

[BitcoinOnFire]

To say XC is going down because of the overall market is just wrong.  If that was the case XC would still be in the top 15 with all coins declining in a similar way.  But, XC is now sitting close to number 30 on the coinmarket cap list.  It's obvious that something is specifically wrong with XC.  Sorry, that's just the way it is.  I was lucky that I saw this coming and sold out above 110k.

I disagree sth is wrong with XC, it's just XC missing a good marketing team. Marketing is everyday fighting and shouting why is XC better then others, gaining new exchanges, marketplaces and so on...

I repat what I beliebe, price going down because:
1) investors waiting long, but no market development (no new exchanges and no xc real world applications - places where you can buy...)
2) mintpal is down - one of the biggest exchanges
3) XC recently was basically addicted to bittrex - a signle exchange. What you imagine could happen if also bittrex was to be closed?
4) no marketing actions, advertising, tutorial, user friendly manuals how to, comunity building.

Basically noone heer take care about investors and building community and the other marketing things... It's the same as to sey "we dont care about the price".

What XC needs mostly is funding community, education and marketing.

Ask yourself why other shity coins are higher? The ansewre is the clue

Fund some adds on coinmarketcap why XC is revolutionary and what plans in the future and you will see what will happend. A mirracle

[Longenecker]

Hi all

I can now give some clarity on the status of XC's premine:

- The premine has been completely spent since mid September.

- Dan has been part-funding XC's development since day one (XChat and the multipool, among other things), and funding it entirely since Rev 2.

- Dan will continue to fund XC's development, and so nothing about the source of the funding or the pace of development will change.

- Specifically, XC's funding comes from Dan's corporation, which has pioneered IP over RF in marine environments.

- The premine was not dumped or traded for profit at any stage.

- The premine was used exclusively for paying for XC's project - that is, for Teka and I to work, for websites, PR expenses, the ATM deal, etc.



XC is, and will continue to be, Dan's baby. He has personally invested over 1000 hours of his time into it.
Since it's been developed at his own expense for some time, you have good reason to believe that he won't just lose interest.
His personal stake is significant, and this serves to increase his commitment.

Thanks synechist, but it would have been nice to hear this from Dan himself.  

What incentive does Dan have to continue this project now?  If Dan has no investment in XC, this project is now a loss for him.  What incentive does he have to put money into a project that he will not get a return on his investment from (because he has no investment, other than his "reputation")?

Dan's incentive is his conviction about the value of XC's tech.

Add this to the resources he's sunk into XC, and you've got a keeper.

This is terrible reasoning.  Conviction about the value of XC's tech is not adequate incentive if it is costing you thousands of dollars that you will not see a greater return on because you are not invested in the coin by holding XC.  

Unless Dan personally holds XC, there is no incentive to continue a project that will lose him money.  He cannot make money from XC unless he holds XC, thus, he has no incentive to continue the project other than his "reputation" and "beliefs" which, as we all know, HOLD NO WATER.

[mav137]

Makes sense in my opinion to get some alternative funding to keep on going. I don't really bother about using the premine, because thats what it is used for, to develop and expand.

If the entire crypto market wouldnt have dived down the entire picture would have looked different.

The question remains how we continue from here. No doubt the Fudsters are having their day now.
For the people still believing, we should not worry about the premine being spend already, but focus on a feasible schedule with milestones and what is needed to get there.

I dont mind the price dropping, although there will be plenty of people exiting with a loss right now.
I do like to see the team sharing focussing on what we an accomplish with the current pace of development.
If more money is needed to continue development, I would be willing to by into XC INC now to make sure we actually get there

Focus points should be: Quick wins (Mobile wallet / Fix group chat / Stealth addresses and getting to Rev 3 as soon as possible so we can go open source.

[UnicornFarts]

Conviction about the value of XC's tech

= not dumping your stash.  actions speak louder than words.

Edit:  To those wanting to give their opinions please don't push your own personal coin choices.  it looks tacky.

[G-Bert]

http://www.youtube.com/watch?v=Uww9zHpIGgc

[JakeThePanda]

To say XC is going down because of the overall market is just wrong.  If that was the case XC would still be in the top 15 with all coins declining in a similar way.  But, XC is now sitting close to number 30 on the coinmarket cap list.  It's obvious that something is specifically wrong with XC.  Sorry, that's just the way it is.  I was lucky that I saw this coming and sold out above 110k.

I disagree sth is wrong with XC, it's just XC missing a good marketing team. Marketing is everyday fighting and shouting why is XC better then others, gaining new exchanges, marketplaces and so on...

Funny how you disagree that something's wrong with XC, but then you rattle off a whole host of problems with marketing and the team.  When I say something is wrong with XC, it doesn't necessarily mean the tech.

[NewWorldCoiner]

Hi all

I can now give some clarity on the status of XC's premine:

- The premine has been completely spent since mid September.

- Dan has been part-funding XC's development since day one (XChat and the multipool, among other things), and funding it entirely since Rev 2.

- Dan will continue to fund XC's development, and so nothing about the source of the funding or the pace of development will change.

- Specifically, XC's funding comes from Dan's corporation, which has pioneered IP over RF in marine environments.

- The premine was not dumped or traded for profit at any stage.

- The premine was used exclusively for paying for XC's project - that is, for Teka and I to work, for websites, PR expenses, the ATM deal, etc.



XC is, and will continue to be, Dan's baby. He has personally invested over 1000 hours of his time into it.
Since it's been developed at his own expense for some time, you have good reason to believe that he won't just lose interest.
His personal stake is significant, and this serves to increase his commitment.

Has the premine been used to pay the guy from Addidas?

Any miraculous marketing strategies in the pipeline, or are we skint now?

[UnicornFarts]

A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.

You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.

its pretty clear that the intentions here were to dump XC and switch to blocknet, not just their funds but developement as well. What they dont seem to get is that blocknet is going to go down in flames as well now thanks to their bullshit. Its sad really the stupidity and lack of thinking things through in crypto.

they got the bitcoins for blocknet already.  doesn't matter.

they got what they wanted.  hold off the FUD just long enough to get blocknet pushed thru.

[synechist]

None of the premine was dumped, ever.

It was not used to buy Blocknet tokens.

And I was not aware that the premine was spent by mid-Sept until today.

I apologise - again - for our not having maintained a list of our spending of it. As the person in charge of PR, I take personal responsibility for this. I was not aware of Pizpie's statement on Reddit (and I'm not sure I was part of the team then), but I was aware of the importance of being transparent about spending.

Anyway, moving forward, we've got funding and we've got Dan's deep commitment to XC.

All's well IMO.

[G-Bert]

Just out of interest... where's Dan, and what is his opinion on what is going on?

Not heard a peep since the ITO started.  

[Artoodeetoo]

This is really bad news, looks like the mystery dumpers were the hired help.. great.. Dan has always seemed like a great guy but I think he will find this decision and the lack of transparency to be a catastrophic error of judgement... very, very sad to see this...

Back in the day would I have bought on good news knowing I was probably helping the dumpers get out.. no way....

Also synechist, you do a great job and I often praised it but I had no idea you were on the payroll, ditto teka... this really does not sit well...

[wooder]

None of the premine was dumped, ever.

It was not used to buy Blocknet tokens.

And I was not aware that the premine was spent by mid-Sept until today.

I apologise - again - for our not having maintained a list of our spending of it. As the person in charge of PR, I take personal responsibility for this. I was not aware of Pizpie's statement on Reddit (and I'm not sure I was part of the team then), but I was aware of the importance of being transparent about spending.

Anyway, moving forward, we've got funding and we've got Dan's deep commitment to XC.

All's well IMO.

Did you see the price? The problem is see now for XC is how earn trust again.

[synechist]

No shills please CoolStoryteller.

[UnicornFarts]

Anyway, moving forward, we've got funding and we've got Dan's deep commitment to XC.

When you are deleting posts referencing official stance on how XC funds will be spent in the blocknet thread?

ROFL - well glad all is well for you there buddie. 

what a crock.

[synechist]

None of the premine was dumped, ever.

It was not used to buy Blocknet tokens.

And I was not aware that the premine was spent by mid-Sept until today.

I apologise - again - for our not having maintained a list of our spending of it. As the person in charge of PR, I take personal responsibility for this. I was not aware of Pizpie's statement on Reddit (and I'm not sure I was part of the team then), but I was aware of the importance of being transparent about spending.

Anyway, moving forward, we've got funding and we've got Dan's deep commitment to XC.

All's well IMO.

Did you see the price? The problem is see now for XC is how earn trust again.

No it's not.

I do not think we've lost trust when *Dan has personally been funding XC*.

Do you get it? He's committed.

[UnicornFarts]

I do not think we've lost trust when *Dan has personally been funding XC*.

Do you get it? He's committed.

Dude.  So let me get this straight.  Dan needs to sell off all his XC stash to fund XC.

But we aren't supposed to be worried because he's spending his personal money to fund it so he's still invested even though he'll make nothing if it's successful?

If he had funding why undermine his own project by dumping all his XC stash?

If he believed in XC why not use his own money to pay expenses and keep XC so it will benefit when he's finished?

Why would he sell off all XC.  So he has nothing to gain while he spends his personal funds to finish off a project he has nothing to gain by because he sold all of his XC?

[NewWorldCoiner]

None of the premine was dumped, ever.

It was not used to buy Blocknet tokens.

And I was not aware that the premine was spent by mid-Sept until today.

I apologise - again - for our not having maintained a list of our spending of it. As the person in charge of PR, I take personal responsibility for this. I was not aware of Pizpie's statement on Reddit (and I'm not sure I was part of the team then), but I was aware of the importance of being transparent about spending.

Anyway, moving forward, we've got funding and we've got Dan's deep commitment to XC.

All's well IMO.

Classic. You must be the only one here who thinks all is well. As the head of PR, perhaps you would be able to tell us if the marketing guru from Addidas is still on the team? Do we still have some amazing marketing to look forward to or not?

[wooder]

None of the premine was dumped, ever.

It was not used to buy Blocknet tokens.

And I was not aware that the premine was spent by mid-Sept until today.

I apologise - again - for our not having maintained a list of our spending of it. As the person in charge of PR, I take personal responsibility for this. I was not aware of Pizpie's statement on Reddit (and I'm not sure I was part of the team then), but I was aware of the importance of being transparent about spending.

Anyway, moving forward, we've got funding and we've got Dan's deep commitment to XC.

All's well IMO.

Did you see the price? The problem is see now for XC is how earn trust again.

No it's not.

I do not think we've lost trust when *Dan has personally been funding XC*.

Do you get it? He's committed.

But what do you expect from an investor? The price dropped really hard and the news for days except the ITO is that all premined XC coins are already spend.

[synechist]

This is really bad news, looks like the mystery dumpers were the hired help.. great.. Dan has always seemed like a great guy but I think he will find this decision and the lack of transparency to be a catastrophic error of judgement... very, very sad to see this...

Back in the day would I have bought on good news knowing I was probably helping the dumpers get out.. no way....

Also synechist, you do a great job and I often praised it but I had no idea you were on the payroll, ditto teka... this really does not sit well...

You don't think it's right that I get paid?

BTW, "mystery dumpers were hired help"? I don't know what that means.

I personally have not been dumping one bit.

Whenever I've had rent to pay I'd plan ahead and sell in little amounts on an uptrend.

[mav137]

I do not think we've lost trust when *Dan has personally been funding XC*.

Do you get it? He's committed.

Dude.  So let me get this straight.  Dan needs to sell off all his XC stash to fund XC.

But we aren't supposed to be worried because he's spending his personal money to fund it so he's still invested even though he'll make nothing if it's successful?

Yes, might sound crazy to you, but some people care more about tech then money