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    Author Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread  (Read 1277619 times)
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    led_lcd
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    April 30, 2014, 02:25:33 PM
     #7501

    Hey.. do you remember XCP's IPO ?   where only a small % of investors could actually use/move XCP with the super complex counetparyd installation allowing only the devs&freinds and other several people who could actually figure out how to sell them to dump them on the market making huge amounts of BTC for a high price, leaving the rest (most) investors watching how "their" recently bought XCP being sold at 1000% profit and not being able to do anything about it because they couldn't get the software to work.
    Nobody's perfect.

    If you want to make a comparison, make one that states a valid point.

    The IPO and everything leading up to the listing of XCP on Poloniex was open.

    The burn process for the IPO was not a complex process. The price magnification that occurred when XCP was first listed on Poloniex is due to the illiquidity of a newly created market and would have occurred with the way it was launched irrespective of any technical difficulties in sending XCP. People who sent XCP to Poloniex when it opened to XCP trading took a risk to trade opportunistically on a newly opened market. There was no guarantee of any set price.

    You are comparing this to something which at best is bad business or at worst collusion? Is "Nobody's perfect" a legitimate form of legal defence?
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