Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [XBS] Bitstake | For everyday digital currency tasks
by
acamp
on 03/05/2015, 16:27:01 UTC

The price is 'unimportant' (supposedly...I don't actually believe it for a second as they'll be major coin holders too) because XBS is not tethered to their 'business' i.e. their business model is not dependent on XBS and (again supposedly with what's been presented) XBS is not dependent on their business either.

So what is it that will make XBS rise?

Has anyone really considered this? DrMike, with all your extensive research?

XBS, doesn't appear to be a fundamental component in the operation of the platform. At best, as you've suggested, it may provide a backup currency. But it's not like it's the 'stock' or the equity of the business. If the business is real and genuinely starts servicing Nigerian customers wanting to remit funds, it sounds like XBS isn't really necessary. So it's really just a 'brand-name' (albeit not yet well known) crypto that's been released by Bitstake as an adjunct to their main service - funds remittance for Nigerians via mobile phone using Bitcoin.

If someone can correct me on this I'd be pleased, but at the moment I can't see how XBS is going to achieve massive gains because it isn't a dividend paying share and isn't fundamentally necessary.


XBS is POS, BTC is POW. One of there services is an interest bearing account, so they can save and hold some coins while getting more staked.

The lending platform will also be using XBS for all kinds of loan types, and again, staking coins over the length of the loan period can help with easier repayment of the loan or make low % interest loans.   

And since the exchange hasnt even opened yet, yeah the price doesnt matter. Right now its speculative...its a start-up.