why the dev keep silent so long?
They've always been silent, but now most likely because they got called out. If they had been transparent from the beginning, there would be no problem. I don't give a fuck if they have genesis addresses or not. What bothers me is that we have no idea who the devs are, who owns the genesis addresses, what the plans are for both projects.
Yeah, it's extremely disappointing to see the projects go this route - a little transparency goes a long way.
I was a big fan of MNE in the beginning, but now I'm just getting out. I sent some initially for the Artemine project, but I'm probably just going to be writing that one off as a loss.
The Dev can still save some face, but it's going to take more than just popping in occasionally with an update here and there.
so just out of curiosity, you believe ARTE will never make it to an exchange? Is that why you are writing it off as a loss? Regardless of all that has happened, if it makes it to an exchange it is not necessarily a loss. Furthermore, if the dev really did own all those genesis addresses and converted all that MNE to ARTE, isnt it in his best interests to get ARTE on an exchange and then get its value as high as possible so that he can dump. Granted he can dump his ARTE a lot faster with x50 the amount of addresses, but everyone who signed up day 1 was given a massive bonus to sign up. We can dump our coins on the exchange as well to recoup money.
True, but who will buy it now that the word is out that this is a scam. News travels fast and something like this sticks heavily and won't go away that easily.
But you can probably dump ART for a couple of cents when it hits some small exchanges.
BTW MNE didn't collapse yet since Dev (aka the big Gen holder) needs to built up his mined pool first before he can start dumping it. Almost all mined coins went into ART so it takes a while to accumulate a substantial amount of new coins to start dumping it. But when it happens it can go down to a couple of cents real fast and there is really nothing you can do about it.
So for the believers, don't waste your time on this thread since a dump is immanent. The procedure for execution has been initialised, it's only a matter when to pull the trigger.
im not necessarily saying any of this is incorrect, BUT at the same time the best way for the developer to get his money is to come through on the objectives of the plan. See here is the thing with this project, and what makes it brilliant and scary. It is not really a "scam" in the most common form of the word. A scam would be an operation that takes everyone MNE who contributed to ARTE and never delivers anything promised in return (meaning ARTE tokens), and yes that could still happen. We literally may never hear from Developer again. However, that is a low level scam in terms of dollars. Say we never hear from Dev ever again, hes got 500K MNE right now, and zero market to get value on. I dont give a shit what Coinmarketcap says the price is for MNE, someone has to be willing to BUY it. People are not buying up 500K MNE at $1.50. So if the coins are NOT burned, and again I am not saying they will or wont be, then what is the best way for the developer to make the biggest return on this? Simply, its by coming through with everything he has said he would do on the tech side. While people in here are calling scam, there will be A LOT of people who will read these threads and then see the developer back up his claims for the tech side and invest in this project based on updates for future developments. You have to remember, this is the wild mother fucking west. Its like panning for gold back in the old days. If people smell a pump for ARTE/MNE and think they can get a solid 2X, 3X, 5X, 10X, you can damn well sure believe its gonna go up. Unless developer literally delivers nothing, its in his best interests to make this project work. He has stacked the playing fields FOR SURE, but there is room for everyone who is invested in ARTE/MNE to get a little taste if he simply delivers on his promises regarding tech.