One person has over 10500000 coins in less than 5k bloks. What is the point of this coin?
I do not trust this coin and this dev because he is greedy , and at some point he might dump the coin.

Hey ToothlessCoin,

Thanks for the note.  We started with CPU mining in late March with little coordination, simply letting friends and family know via text message and Facebook posts that they could mine XBR with their hardware at home.  At that time, difficulty was <1 and we proved that a 1.8GHz processor and as few as 4GB RAM worked well enough whether it was Mac or Windows.  The announcement was met with varying interest and most people were plagued by short term thinking (how much is it worth, where is it traded) thinking that they could just flip out of it quickly.  The allure of easy money has a very strong appeal; but, when you add the necessity for people to wait between investing effort and reaping reward the number of initial participants becomes vanishingly small.

bitcoinR is not unique in this way, all PoW coins go through this same adoption curve.  Those who are early in (CPU/GPU and early ASIC) prior to a price being established are the obvious long run winners.  This method has the disadvantage of zero immediate gratification, but then there are legitimate examples of those who achieved success by taking an early PoW risk for a subsequent, non-guaranteed payoff.

NS

But they don't have any value right now as I checked their site and its not on any exchange. Why would I mine a coin that is yet to have any value?

Bitcoin was not designed to make transactions anonymous. Every transaction you make is linked to a public key. In fact, your wallet address is just the hash of your public key. Theoretically, somebody could connect the payments you make to other bitcoin addresses to construct a group of wallet addresses that you are likely to control. This method is called address clustering, and address themselves are usually analyzed instead of their public keys.

Example: One of satoshi's wallet addresses is 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa. If I feed this into Wallet Explorer, it will show you the transactions that were made with this address. Here it will also list the addresses associated with your wallet.

Since that wallet only has one address in it, I'm going to provide another well known address as an example. This address 1XPTgDRhN8RFnzniWCddobD9iKZatrvH4 was the one used by laszlo to purchase 10000BTC worth of pizza. When you insert that into wallet explorer, it will list all the other addresses associated with his wallet.

Now you're probably wondering at this point how someone could discover your identity from these wallets. The short answer is I'm not sure, the long answer is that there exists a company called Chainalysis that does these kind of address clustering activities. I think they also know the addresses belonging to exchanges. So if anybody that uses Chainalysis service, which is limited to governments and large institutions, gets some transactions linking one of your wallets with a known exchange wallet, and manages to see your documents, then they can store your personal information along with your wallet addresses in whatever database they are using.

Or you could look at the addresses of bitcointalk members and then wallet explorer could identify their other addresses, but not much information about their identity would be inferred since most of us are pseudonymous.

These methods of address identification fall apart completely if you use mixers to break the link between previous transactions and now.

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hi. my computer does not beckon at all, I bought 120 days for $ 60 8TB on this pool https://masscafe.cn/ and this is mining, the computer has nothing to do with it

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