This coin...no wait, company/brand is doing just fine thanks...and will continue to do so my friend. Regardless of your lame FUD or not....you need to think bigger.
TrueAnon you're as blind and clueless as to what's being done to you as the next Bitstake fan that can't think clearly through the obvious scam issues occurring with this project. Before just shutting off from the view I'm expressing here and declaring me "a fudder who just wants cheap coins" think about these issues:
1. There is NO valid point to XBS. Bitstake is supposedly a Nigerian remittance business that will allow people to remit funds to family and friends in Nigeria via Bitcoin. Supposedly they've created a business that will earn revenue from the 1% remittance fees involved in each transaction. But WHERE OH WHERE does XBS (the coin) fit into this model? Simply put, it doesn't. There is no dependence on XBS to be the conduit for these remittance transactions because the whole thing works via BTC. What then would create demand for XBS? Nothing.
2. The dev talks on and on about the "Bitstake business" and how much more important it is than the price of XBS yet there are no details of this 'business', no information about where it is, what its structure is (i.e. directors? VC funding? Nigerian business registration?), the number of employees, its current and forecast revenue. Nothing. Zip.
3. One of the key and fundamental features of the Bitstake 'platform' is the SMS wallet supposedly allowing Nigerians to send and receive money without an Internet connection using SMS on their mobile phones only. Yet the SMS gateway is in Canada! This means a Nigerian based in Nigeria wanting to use this feature has to send an international SMS! Now stop and think for a moment. How many Nigerians are likely to send international SMSes regularly? And what would the likely cost of sending an SMS to Canada be by comparison to one locally within Nigeria? If you were that Nigerian about to start using Bitstake because it's a Nigerian business supporting Nigerian people and you were told you had to send SMSes to Canada to use the SMS wallet what would you think? Is this even remotely real?
4. When the dev moved the Bitstake 'platform' "onto new hardware" a week or so ago he also moved it onto a new domain. Bitstake.info was then left with nothing on it (no message or auto-redirect) meaning all those "thousands of customers" we've been led to believe are already signed up to the platform would've gone to bitstake.info only to reach a "This web page not available - connection timed out" screen. Four days later, after me highlighting how completely and utterly ridiculous, unprofessional and so obviously scam-ridden such a thing was, bitstake.info was suddenly directed to the new bitstake.co domain so the site reappeared and it was made out like it was always working (but it wasn't because I'd checked numerous times across those four days....that's four days of "customers" thinking Bitstake.info was gone....hardly even remotely real is it?)
5. And the latest complete and utter BS the dev is lauding over you all:
Bitstake exchange not working - Not true
Only a Nigerian IP can access the exchange, foreign users are blocked out due to their state laws. If you sell bitcoin to Naira, how are you planing to cash out to naira. Considering the latest Fincen stands on USA companies, I am sure most of you will consider that as a good move.
....how very convenient. We can't see the Bitstake Exchange where Nigerians are now supposedly buying and selling Bitcoin! Hilarious! So not even a screen shot! No...nothing....it's not for our eyes! (because, frankly, with no reference to it via Google and no indication what domain it's sitting on or how it interfaces with bitstake.co, IT CLEARLY DOESN'T EXIST!)
Your words...
company/brand is doing just fine thanks.
...have not been at all considered and thought through before you've uttered them. How do you know this is a "company". How do you know its "doing just fine"? You don't. You most likely have no information and surety of this. You're going off the dev's occasional postings that take this continual tone of "high moral ground" against the "fudders" but he offers nothing of substance to back up his claims.
Honestly TrueAnon, you're just being worked and worked and worked over. There is no Bitstake 'business'. It's all just a never ending attempt to get the price back up a little more so the dev can exit from his XBS stash with far more BTC than would be afforded by pricing in the 17,500 sats region that XBS has crashed to because of all the red flags. By stringing you all along for a bit more, he's expecting he might get back to the +100,000 days again for the big exit.
If this was even remotely a real project, all he'd have to do to increase the legitimacy tenfold is show us the 'business' (where it is, how it's functioning, what it's doing, how XBS is an integral part of the model) and BE REAL. But, unfortunately, I'm not expecting that any time soon as the whole thing just looks like one ridiculously 'scammy' set up designed to have people keep buying XBS and pushing the price up. There just doesn't appear to be anything more behind it than that.
I'm sorry that so many have been hoodwinked so badly. Until the dev can rectify all of these so-obvious issues and make the thing far more transparent and open, it's just a disaster and will continue to cost people dearly.
I had a decently long, somewhat drawn out reply half written for you...but honestly, what's the point?? It's obvious you've made up your mind and anything I say will just be shot down by yourself.
I can't answer all those technical aspect of your comments so that's out. As for xbs itself, well everything in crypto is a risk and it's DYOR. I (and others) have taken the time to do so with xbs and found it legit/solid enough to make it a worthwhile investment. With some more time I'm sure you'll see some decent results if you care to keep an eye on it, instead of trying to "save" everyone.
I won't bother stating the stuff like "you're doing fud to bring the price lower" since it's stupid. Sure it's going to have ups/downs but what coin doesn't in the alt scene. Every single coin is manipulated...xbs is probably no different. This dev/team work differently from others and you have to realize that (maybe it's a culture/English thing, I don't know). Even their marketing/etc you can tell is made for the masses which is probably not North American based. I really don't know why you have such an issue with it...even your final comment you HINT at the fact it still may not be a scam...so then???
Anyway, if you're looking for answers I'm afraid I'm not your guy (for now at least).
