Ninjastic
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Board Announcements (Altcoins)
Re: [ANN][XC][OFFICIAL] PoS/Privacy
by
synechist
on 24/07/2014, 16:00:26 UTC
Quote from: FoldingTime on July 24, 2014, 03:59:17 PM
Quote from: synechist on July 24, 2014, 03:51:22 PM
Quote from: organizer on July 24, 2014, 03:37:43 PM
[Personal summary of Jasinlee's ASIC project's problems]

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.




I would like Jasin to come forward and reply to this accusation. He is now associated with XC and the concerns of this individual need to be addressed to keep XC clean of any unwanted bad reputation.

Jasin posted yesterday about this:

Quote from: jasinlee on July 22, 2014, 07:37:19 PM
As with most projects when you deal with multiple teams/projects, sometimes the 1 team does not stay current with the schedule. The ASIC is its own project, and the developer we had hired for the exchange has been fired due to his delays (and replaced). XC has its own team and I am only assisting with it where I can, other projects have no bearing on XC.

Cache is not a P&D, we still have all the coins and never sold them as any user can check. It is part of how we will build PoBC and is in ongoing development as you can see from the cachecoin thread.

Just to reiterate that all these projects, including XC, run completely independently of each other.

A delay - or increased workload - in one makes no difference to another.

Jasin has been - and continues to be - a great resource to the XC team, and we have no reason whatsoever to doubt his commitment or value.

If you have doubts, go look up Cachecoin's development and satisfy your curiosity about its future.