Re: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos

Hi!

I haven't been here for a while. I recognized the Blocknet-thing, but tbh, I really Need your advice.
I've still got my XC in my wallet - what should I do with them now?

Are there only These 2 possibilities?
1) sell xc for btc
2) buy block for btc @ bittrex

I guess there's something else isn't it?

Thanks for helping me out!

You could also buy btc for fiat and use that to buy block.

holding xc is no option ? Undecided

some thoughts :
blocknet is more useful then XC, so it should have a higher price compared to XC
assuming the blocknet will have 10 mio tokens , -> nearly double amount of xc coins ->
so the price should be higher then the price of 0,5 XC
-> xc's current price ( 0,00069011) needs to come into a more logical rate (xc need to be cheaper then blocknet)
option 1: supernet price needs to rise a lot (from 0,00025 above 0,00069011:2 ~=~ 0,00035)
option 2: xc price needs to falls a lot (under 0,0025)
option 3: supernet rises and xc falls (maybe sth like 0,004 for a blocknet token and 0,003 fo one XC)
where are mistakes in my thoughts ?

I posted this in the Blocknet topic.

I've been analysing the investment potential of this project and detail my methodology below. Essentially these tokens derive their value from the micro fees they receive. As the OP explains these aren't coins - "is not a coin but a token of value the blocknet adds to every service it enables."

Let's assume you have 1 BTC worth of these tokens out of the 2500 BTC worth of tokens out there. Typically for an ordinary investment, 10% return would be amazing for a year. In crypto where things are very high risk and volatile, people would expect more like a 100% return in a year.

So 1 BTC should give 1 BTC in terms of "paid feeds" over the course of a year. Which means 2500 BTC worth of paid fees across the network. I don't believe the fee structure has been made public or is even known? The term micro fee suggests it will be small. I'm speculating a complete guess at 0.5%. But fees don't just go to the token holders they also go to the node which renders the service, so if that is split 50-50, the amount going to the token holders would be half that. But let's assume it's 0.5%.

For 2500 BTC worth of fees to have been paid, that means 2500 BTC represents 0.5% of all the transactions that have occurred - giving a total figure of 500,000 BTC.

That is right. According to my rough calculations, the network needs to be handling 500,000 BTC worth of volume per year for 1 BTC worth of these tokens to generate 100% return in terms of fees paid. That to me seems unlikely to be happening early on in the life of the Blocknet.

Any thoughts/discussion on my post?