Quote from: El_Nickio on February 13, 2014, 06:34:02 PM

Quote from: XenCoin on February 13, 2014, 03:26:25 PM

New wallet update, exchanges and sites coming soon...

Hi Xencoin - it's good to see you're still around. Just wondering what happened to the pre-mined coins? Did you hold them or have they been 're-distributed'! Its been a long time since the coin was launched so it doesn't necessarily matter. If they are all gone then it would be sensible to change the opening post as the pre-mine is no longer relevant but will probably put a lot of people off the coin. If you still have them then is the bank still viable or could some be used to promote the coin further? None of my business really but just asking

Curious as well. Considering I'm working to bring acceptance of the coin to some services I offer -- such as web-design/layout and other things such as site and code troubleshooting... I was even considering using this as a per/hour payment method for certain services -- which could give it some REAL value if others follow that method -- trading for services is much less regulatable than trading for physical goods. Service worth in the IT industry is 10x greater than 'hard goods worth' -- and if it can be applied in theory to services for coins - and enough partners are in on providing services - you will end up with a reciprocating environment that gradually increases the value of the coins.

The problem with this theory is there is it is unbelieveably easy right now to go WAY OVER 51% with a small pool and about 20 miners on this coin -- difficulty does not adjust properly - so there are HUGE dumps of the coin into the market all the time... When I started working on the client, the Cryptsy value was almost .000028/LTC-> 1 XNC... As of this morning's multipool round, that flung over a million coins into the market today, the price dropped down to .000016/LTC -> 1 XNC... One sale was over half a million coins...

I'm working on a block-explorer that offers aggregation of statistics like Blockchain.info but for other coins... I think that might help us get a better prospective of distribution. If anyone would like to commit code or has a codebase to start with, I'm all ears... I think we need to know what distribution looks like before I put much more time into this...