Quote from: Equality 7-2521 on November 28, 2014, 03:00:23 PM

Quote from: prophetx on November 28, 2014, 02:38:08 PM

this all originally started with new people coming on to this thread complaining that they believe that some people get privileged information and positions allowing them to make money of new entrants, and those people believe that it is unfair.

apparently the old timers in this community, except for me, respond with: too bad so sad, sucks to be you.

very nice way to grow the community... not.

This is an open source project. XCP, like most cryptocurrency tokens, is a new and misunderstood commodity. There is no obligation, regulation or precedent for announcing updates to the Counterparty Protocol software or new projects being built on top of Counterparty. On top of all of that, XCP has little liquidity and is not traded on a single high quality exchange (e.g. Kraken, Bitstamp, etc.).

You are right, it is unfortunate that some people may have lost some fiat currency over a very short time scale because they wanted to flip XCP.

Here are some guidelines for so-called XCP "investors":

Seek out information from every possible channel at every possible opportunity
Buy XCP to use it (spend it, issue assets, run smart contracts etc.)
Never spend more money than you can afford to completely lose
Contribute to the Counterparty Protocol yourself in whatever way you can
Be patient. (Ch)Rome wasn't built in a day.

how do you know if they wanted to flip or not? assumption.

also it is not possible to purchase xcp with fiat.

only with BTC. his cost basis is therefor higher and he lost BTC in order to purchase X amount of XCP.

In any case, I am siding with the poster who was disappointed because our users should always be #1. And complaints need to be taken seriously as well as seen as an opportunity for innovation - in this case not technical innovation but innovation in marketing/communications processes.

This project is managed by people and collectively those people make decisions which ultimately influence how the market absorbs information and the rate of absorption and reaction (buy/sell orders) results in posts such as from that poster who was feeling dissatisfied.

Does anyone think this person will go on to recommend looking at XCP to others? Probably not.

In fact he might actually go around and say "hey folks nothing to see here a bunch of insiders pump and dumped on me and now my cost basis is higher".

Folk can continue to poo poo me and say but it's open source yadda yadda yadda... or you can learn from this, incorporate that knowledge and figure out how to do things so that the price is not volatile.

Regarding wild price swings...

Anyone who is familiar with Hayek's book on private money and the competition between various forms or private money will know that Hayek theorized that private monies offering the most stability to users will likely dominate the market.

See the connection? You want XCP to dominate the market? You better give some thought on how to engage the market without leaving a population of people feeling screwed over.

However if you all want XCP to wind up like every other crapcoin, continue to do as everyone else does and don't bother innovating, keep telling yourself it's an open source project and this is just the way things are done...