Once again xaurum is pulled down by bitcoin which is pulled down by the chinese government not liking margin trading.
http://www.reuters.com/article/us-china-bitcoin-idUSKBN15O1CRThe goal here should be to decouple xaur from crypto. In other words to make xaurum a
commodity token or a
gold token instead of just another crypto.
I sold my meager $700 worth of xaur for a little over 10 cents each and I haven't bought them back because there's no change happening here.
Right now it's all 'let's see what happens when poloniex lists xaur' or 'let's see if the oil rich arabs will buy it and push the price up'.
Needs to be a fundamental change in direction- xaur needs to be a credible investment for all. Needs to be greater transparency and a government backed regulation of some sort that would see the developers jailed for absconding with the gold. Right now there's no regulation that would see the dev's punished for withdrawing the gold.
If there's no regulation and no enforceable punishments for fraud then why would a farmer or even a billionaire invest in xaurum?
Time for change.