Nothing has really happened. My understanding is the Devs in general are late with updates, mainly because they have other real life concerns and are seemingly working on this project for free at the moment. So v 1.4 being late isn't a concern to me at all, especially since the main dev has explained his week long absence on the Discord channel.
The price drop seems to be in large part because of the above linked forum post calling XSpec a scam, and then using only a few lines of code to prove their point. What bothers me most is that while the code may be simpler than we expected, the devs aren't making off with millions of dollars of investors funds. THIS IS NOT A SCAM! It may not be the privacy changing coin we all expected, but to call it a "scam" is idiotic. A poor project would be much better English than calling it a scam, although I think the project is fine.
Personally I don't mind the FUD because I've been able to quadruple my XSpec holdings this weekend alone. The project is fine--stop letting price changes over short periods change your opinions. (Or keep panic selling to me, that's fine too!)
The price drop seems to be in large part because of the above linked forum post calling XSpec a scam, and then using only a few lines of code to prove their point. What bothers me most is that while the code may be simpler than we expected, the devs aren't making off with millions of dollars of investors funds. THIS IS NOT A SCAM! It may not be the privacy changing coin we all expected, but to call it a "scam" is idiotic. A poor project would be much better English than calling it a scam, although I think the project is fine.
Personally I don't mind the FUD because I've been able to quadruple my XSpec holdings this weekend alone. The project is fine--stop letting price changes over short periods change your opinions. (Or keep panic selling to me, that's fine too!)
they are not working for free...they get about 6000 euros a month in donations. And they are supposedly working full time, but the github commits from last year doesn't reflect that. Yes there sooo many commits but if you look a bit into them other the the tor integration there is absolutely nothing! And even the tor integration has the firefox binaries just copied over. It's not a native one like advertised. So what have they been doing with all this time? Jesus, do you realize what two full time devs can accomplish in 1 year?
Doesn't change the fact that. Xspec is still here!
It's not going away.
And it's one of the best low priced privacy coins on the market.
correction: shadowcoin is still here. Xspec is shadowcoin with 1 dodgy guy that tries to convince us that there are two full time developers working on the project, while taking donations from everybody.
I'll eat my words when these two developers finally deliver some code that is more then a UI update or library upgrade.
Aaand in the meantime crypto marches on.
As does Xspec.
If you don't like it get out already.
In the meantime am accumulating cheap coins.
All this news is healthy for Xspec.
Let those. Who can't handle it leave.
The rest of us know where this ship is going and we are staying put.
No hard feelings.
Yes, that's the key = "crypto marches on"...
It's shitcoins and messy and shady and volatile and opaque...
But people that grasped the fundamental value early or even as late as 2015-16 are doing great.
A lot of the whining is equivalent to rambling on about tulips...
Inability to fully grasp that one is dealing with cryptographic networks, not stocks or corporations...
That every coin is a network that derives real value from Metcalfe's Law...
And soon enough all 1000 alts will be easily interlinked with standard protocols...
So coins are not "going to zero".... on the contrary, value multipliers are in the pipeline
