Thank you for giving me a place to post about XC URSAY.
My advice to any potential XC investor: WAIT UNTIL THEY OPEN SOURCE THE ANON CODE.
You can blindly trust them, or you can wait til they deliver. So far, every anon coin that has claimed to have a 100% working anon has failed and has dumped horribly. This coin already has a pretty high cap, so you are taking a big risk. Buying this coin without insider knowledge is gambling, not investing/trading.
Sound piece of investment advice.
This is a closed source project , They have decided that once everything is double and triple checked and tested it will be open source, By Rev 3
If you don't trust the Dev and want actual source code, then wait for it to be released then choose based off your own assessment of the code.
If you trust in the Dev then by all means invest, but it is a closed sourced project currently so there is risk of failure, But it is only really the same amount of risk as any other crypto currency is. Every single investment in the crypto sphere is a gamble. It's a technology that hasn't reached mass adoption that has the potential to reach mass adoption, everyone is buying into what they think will lead to the to the all famed and glorious mass adoption.
Investing and trading are gambling , sorry to say it but most people that attempt to trade / emotionally tie themselves to an investment and invest is making a gamble , yes insider information will help in the short term and when making short term gains but not give you an overall direction the coin will take in the long term . Yes Bot's will make you money , they are designed mathematically to take advantage of volatility, the greater the volatility of the coin the better profit you stand to gain. But they also have the chance of going wrong. almost every investment decision you make here is a gamble.
Most of the posts deleted from the xc forum have been circular arguments, People have claimed its just a circle jerk of supporters, no it's a circle jerk of trolls
"why isn't it open source yet"
"this shud be open source"
"I'M ASKING A LEGITIMATE QUESTION"
"why closed source you must be doing something you don't want us to see, i think you plan to invade the USA with a hitler clone army"
"it's a closed source project!"
"I'M ASKING A LEGITIMATE QUESTION"
"it's a closed source project!!"
"it's a closed source project!!!"
It has been said that their goal is to open source by or on Rev 3 . No matter how many times it is brought up that is when they will make it open source. This doesn't just serve 1 purpose, it protects the code , and also protects investors currently, until the code is "bulletproofed" in case there is exploits that have not been seen or found yet that someone may take advantage of. there are many purposes for delaying release of source code that are beneficial to begin with
Edit: althou i do agree with the banning of URSAY as a little unfair , URSAY is a concerned investor , like all investors should be. (if he was banned)
Yes i agree the marketing is done rather badly, it's the over sell , Making it look huge and shinny with sexy bits everywhere. This is most likely due to people complaining about advertising not being sufficient , this has put the team in a catch 22 situation, until open source there is not much that can be advertised, but to keep forum members happy we must try our best at advertising.
To me it doesn't look like someone is trying to use big flashy words to distract from something nefarious, which in the world of crypto is the automatic assumption of everyone who has ever had a bad experience, "if we cannot see it, it has to be bad"
This to me simply looks like someone who has gone thru at least college maybe university and studying advertising , their using the "educated norm" as i like to call it, the way you are taught how to advertise and how to attract people thru advertisements . it's like they are using the rule book of advertising down to the letter and not straying from what is usually taught in college/uni
While i disagree with the way they advertise i understand that there was a lot of investors unhappy at the lack of advertising , which resulted in the team following thru with requests. now only to be faced with people who are angry at a closed source project that is being overly advertised with flashy words for features that are not proven/verified by the a community of its peers yet, but by a select few people.
Yes it is illogical to advertise something that cannot be shown, but it is also illogical to jump to wild conclusions about code that is closed source, people are shouting "it's closed source" let us see the code, then claim there many different better solutions to anonymity, well hang on a second you just said the problem was you couldn't see the code? how are you able to judge it sufficiently without seeing the code, and if you can why even both being here, you can see the code and have already made a judgement why are you still here?
Just like the blind believers illogically following the Dev, you have people who are illogically blinded by the fact it is closed source and then jump to wild conclusions without any evidence also, they are the opposite ends of the spectrum, over optimistic and overly pessimistic
It's like the question of god's existence.....well you can't prove he isn't real.
"Well i can't see the code so it must be shit, and my opinion is the only evidence required because i "feel" something isn't right"
While i cannot deny there is a lot of blindless support that goes on (this happens in EVERY SINGLE COIN)
You also cannot deny that there has been a huge number of trolls asking the same questions over and over and getting answers to those questions and yet still not being able to get away from that subject(while acting as if they are remaining totally objective) you have super emotionally bias people that have judged the coin purely on their emotions which leads to illogical assumptions. The jumping on any little detail and trying to turn it into a big thing.
Yes the advertising could benefit to be toned down on the hype the stuff no one can see side , Yes it is closed sourced and yes it is a gamble , But the team have been constantly developing and bring constant updates to the platform , They are still there working away , Normally a coin fades into darkness and "dies" when development stops when the dev is no longer working towards the goals of mass adoption/ease of use /utility, or is just plain inactive and hardly does anything. This is clearly not the case for XC .
