Quote from: falce on July 19, 2018, 10:14:12 AM

if i wasnt with this coin(and its predecessor) since jan2017, i'd just dump too i guess. the devs did not deliver a working product for anything from the q2 coins development and stakenet.io still is - as poswallet2.0 - nothing but an online staking wallet for their own coin.

So for the coin part i'm not really that pessimistic, but the lack of sense in some decisions around the coin is incredible. the first release of the 1.0.10 wallet was just awful. it simply did not work, and opened scammers doors to very gullible people wanting a fix. the wallet is said to have been tested, the testnet itself was made private though. so instead of using a public testnet - as announced - to at least minimize the risks of all kinds of errors, they tested on their own, in their own environment, all of them being demanded to be tech savvy, which is for sure not the wrong group of people in the beginning of testing, but before the release, it should have been tested by "normies" as well. that would have been thoroughly. anyways after waiting a few days for the fix, which as always was promised for far too soon - "underpromising - overdelivering" - there is a release, again without any proper public testnet announcement, but by just releasing it as pre-release. people downloaded it again, it has about the same flaws as the release before - at least when reading up on discord. all of that combined with messages since the first release, that everyone, who will not update until 24th will get banned. so we have a two-times not working product, which is forced on the community without thourough community testing, but as a beta on the mainchain. most fun is that the devs are just not willing to move the date for getting banned with the working wallet, because fu it seems. i really dont know what else goes through their minds, when not being able to fullfil their own deadlines, leads to insisting everybody else has to...

Hi there, i will try to answer all of your concerns in order.

You're right. The wallet launch was not flawless, and i agree (even as a team member). I hope you can understand this wallet has alot of "firsts" within the MN realm, and there is a notice in the wallet that this software is experimental. Thing is, we are pushing the envelope here. We aren't looking to be basic like most coins. When you push the envelope into new territory, there are bound to be hiccups in the dev realm.

Your main point is still relevant however. In future, we will be labelling all test releases "As test" so community members who wish to assist with bug finding can, and those that don't will avoid it until a stable release is out.

for the page - yeah i dislike the idea of centralized staking within a project so proud of decentralization. no tpos, no pooled mn, no mn hosting, just nothing that makes any difference to poswallet2.0, and still a lot worse than the first poswallet. promising a shitload, marketing it a a way people think it will be more, even making a countdown - and then. Countdown disregarded and release of one function.

All of these features are coming my friend. It's been like 3 weeks since release, and again none of this has been done before in crypto! If you know us, you know we deliver. and we will.

i for one cannot remember a single time when the devs delivered some major update on time and i dont really care, because delays just happen. but thats the minority position, to not believe in marketing as much as tech. but i get the problem that not techy people, who are in the markets to simply earn money - and who are a big reason why most intelligent people in crypto are making money as well - who get advertised to with stakenet.io will have polled mn, mn hosting, .... - then release - one function -> and then get something like "we never said anything will be implemented in the start, but an online staking wallet, dyor"(no actual quote) might want to sell.

This isn't accurate most of our promises are delivered on time, although i acknowledge that we need to strive to be on time 100%, which we currently are not.

so there are traders, who dont give too many shits about their tradeables anyways, and sell something because of smaller inconveniences
then there were some scammers, even less shits given about the coin itself
the team has huge bags as well, dont know what they do with the funds or treasury, its just not transparent, so there could be some market making as well (i dont think that they are malicious, but intransparency never leaves a good taste, especially when there are "votes" for treasury without options). and even if there was no market making, they will have to get some parts into fiat or btc as well, a lower xsn price does not lead to lower permanent costs (stakenet.io, hosting, ....), but to more xsn getting sold to pay for the teams expanses. that for example leads to higher downwards pressure, just for normal costs.

What's not transparent? We have been swapped for about 5 months and we have already delivered alot! We have a huge backend of developers that are not on the website.

also selling the rewards has the same effect, but looking at the coin distribution, not only should rewards be sold, but the centralization of xsn be stopped. the last few dumps just lead to a point, where the ten richest addresses hold more than a fourth(26.09%) of all xsn.

XSN is not centralized. Stakenet cloud is currently centralized, but it is just an option for people. They can also find a TPOS merchant (marketplace will be on Stakenet.io soon)

especially the last point combined with the exchanges xsn is listed on and the low volume would lead to me not investing into xsn right now.

oh and because i cant read the shit about how poor xsn is compared to icos anymore - you have got a fund consisting of 5 mio for the dev and additional 1,5 for some abscure hardware project, since if two projects hit bumps on the road, its best to just start another one... that would make 6.5 mio xsn which even at lower prices was not nothing (more like ~2mio usd even at the lower end of the price chart) plus the treasury since the swap, so i am not saying you are super fucking rich, but a certain douche stating multiple times on discord, that they would not have millions of dollars since no ico, is just bs because they just have more than (at least) 1 mio and have had multiple millions when the prices were higher.

XSN is not poor. We never said we were poor. We simply said we don't have the insane amounts of capital you'd have if you ICO'd, which we didn't. Just means we have a careful budget, and we need to stick to it

so why price dump?
people not caring about the project itself, quite possibly traders.
scammers
people who lost faith - the turkish community of xsn seems to have almost vanquished
and an enourmous centralization of coins does not help either, even if you invest a lot, there is some wallets, who have invested next to nothing in the posw times, and might create market disturbances that are just not leading me to the thought, that i want to keep my wealth in tpos or whatsoever in this coin