Post
Topic
Board Altcoin Discussion
Re: Dear synechist, xc, blocknet, and dan metcalf
by
Marlo Stanfield
on 08/11/2014, 10:26:55 UTC



1) Dan drained the XC premine

We all knew from the very start that the premine would be used.


The actual point not addressed:


1) Dan drained the XC premine when there was a promise of transparency. And Synechist lied saying that it was drained by mid-September when in fact there was money being taken out of it up until late October according to the blockchain.
It was not addressed for two reasons.
!. You provided no evidence.
2. Even if it is true you are nitpickning. You have nothing really solid to go on so you are clutching at straws. So what if the XC PR guy whilst hastily replying to loads of posts made that slight error.
Get serious.


Quote
Are you serious with this? Is there some sort of "XC community guide to not addressing the actual issues and deflecting arguments" written by Synechist? Why do you pick out only parts of statements and address them as if none of the other text exists?
Yes I'm serious as explained above. You are not.






http://www.reddit.com/r/XCofficialreddit/comments/26qqrq/xc_premine_wallet_made_public/

Quote
These funds will be used strictly for development, community growth. Any amount spent will be made public knowledge in our continued effort of transparency. If you have any questions, comment below or drop in on our IRC live chat.

There was no communication what so ever until some one in October noticed that the funds had been spent. No accounting made of what these funds were spent on.

You know these things but you seem to be just trying to extract the maximum amount of time out of me in making me dig up every single quote... Cheesy

I also seem to remember that the last 12k taken out in late October were used to buy BLOCK. But I don't have the time right now to find the quotes. I could be wrong on that one. You could save me the time and just tell me if you remember that being the case.

And Syncechist did not make an error. He said he was told by Dan himself were drained by mid-September. Now I'm going to have to find this quote because I worry a lot of the things I bring up in these points will be edited out/deleted.

Before I go waste some more time finding what Synechist said, if you simply don't care whether these people are ethical or unethical then there's little point in hashing out all the specific things that have happened. Because I'm going to assume that if you've been following XC, you either don't care or your cognitive dissonance is at a level where short of Dan just walking away with peoples money, you'll believe in XC no matter what.

Here's where Synechist relayed the information that Dan told him: https://bitcointalk.org/index.php?topic=630547.msg9384143#msg9384143

Why 12k was spent in late October has yet to be addressed even though very many of even the hardestcore XC believers specifically asked for an accounting.

What Synechist would say would be something a long the lines of "The premine was spent on exactly what it was meant to be spent on: community development and XC development.". Perhaps it was, but given that there was zero transparency even after it was stated that there would be, there's no accounting of that what so ever.

https://bitcointalk.org/index.php?topic=630547.msg9380810#msg9380810

Quote from: hoertest
btw the theorie of dan cashing out and moving to blocknet is nonsense since blocknet would be done with his reputation killed like that.  

People in XC will say things like this before but as time goes on they have a short memory.