Thanks for the information.

The thread heard about Jasin's ASIC project yesterday and a link to the litecoin thread was posted too.

No doubt this will affect XC.

However:

- These projects operate completely independently of each other, thus XC isn't affected by the ASIC developer who ran off.

- Jasin is a businessman with several ventures, which is entirely the norm. It's not reasonable to assume he was diluting his energies by getting involved in other projects.

- If you read the Litcoin thread, you'll see that Jasin's reason for not disclosing information to you earlier is that he did not want to spook the developer before he could get the funds back from him.

- Jasin has been frank, apologetic, and has remained in communication on the Litecoin thread.

- Jasin's reputation incentivises him to defend it and make amends.


So in my opinion the ASIC situation is unfortunate, but does not impinge on Jasin's character.