Post
Topic
Board Announcements (Altcoins)
Re: [ANN]Spectrecoin[XSPEC] TOR+OBFS4, Ring Sig, Stealth!
by
EleanorZ
on 10/01/2018, 22:30:08 UTC
While it's nice to see all the enthusiasm, I think many on here are missing what XSPEC has always been, and plans to continue to be, which is first and foremost a privacy-focussed coin that values the product over hype. Representatives of the dev team have already stated that the odds of getting on more significant exchanges is low for now, for reasons of both cost and privacy (traditional exchanges = centralization = antithetical to XSPEC's ideals). Longer term, if and when decentralized exchanges receive more volume, that may change.

Likewise, I think the team is interested in marketing to users who care about privacy, but I don't think they care so much about marketing to noobs looking for the latest vapourware moonshot. So again, I wouldn't hold my breath for a flashy website (especially since the current site is less than a week old and already 100x fancier than the previous one), or shill articles in Forbes, or a USD pair on Bittrex.

The idealist in me fully agrees with you. The realist, however, reminds me that even the best technologies need money to survive and thrive. Also, money gives even such a project the opportunity to experiment, do more research, innovate etc. All that is a luxury which money-starved projects can't afford. So a little "hype" to support (but not instead of) a great technology and a great team would be very useful.

As for the exchanges, if mass-adoption is desired at some point in time, somebody will have to bite the bullet, give up anonymity and get listed on a major exchange. Decentralized exchanges will have difficulty to reach the same amount of users as the established exchanges.

Oh, I agree with you 100%. Notice that I didn't say anything about what XSPEC should or shouldn't do--merely what was a reasonable expectation based on past precedent and stated plans. XSPEC gonna do what XSPEC gonna do; investors need to be aware of that, for good and for bad.