if I understood correctly the Proof-of-Burn (POB) concept
is sending BTC to a unspendable address which NOone owns
the private keys to??
XCP will likely be extremely rare..
XCP could potentially be valued at 0.11 BTC or alot more
Is it possible 10 XCP may be worth 1.1 BTC
I could be wrong normally & usually i am.
Pumping already starts?
Let's wait for crowd-funding to over first, before opening up expectations.
Speaking of, anyone can make a brief comparison between XCP and NXT? I already was asked by several fellow bitcoiners if this a clone of NXT? (Note that no one compared it to MSC, which might either a good or a bad sign).
XCP is more like MSC than Nxt. Nxt is an altcoin having its own blockchain, but XCP is based on bitcoin blockchain just as MSC.
The benefit to have its own blockchain is the low level protocol can be designed from the scratch to make all high-level protocols easier to be implemented and parsing more efficient. On the other hand, the benefit of basing on bitcoin blockchain is there's already secure hashing rate and a lot of users are already using bitcoin. Moreover, implementation is easier since there's no need to worry about all those mining things.
BTW, one large advantage of Nxt is it's transparent forging (mining). According to what the dev said, it can help to make 51% attack almost impossible. I'm sure everyone agree that 51% attack is almost the pain of bitcoin and all its copycats.
