Topic: [ANN] Force Network (FOR) Wallet 3.7.1 available now, MN governance coming soon - page 5. (Read 47054 times)

I love the bunch of arguments you detailed while saying that.
Very interesting discussions here.

Force Network is an anonymous protocol that does not need to be reviewed.
Let everyone be anonymous.

another s*t coin, lol!

Nothing like that

Absolutely and that is why i brought this point up as someone else indicated there will be some kind of check or anything like that.

Sure, many things going on:
🔸 We just incorporated in Malta.
🔸 We are expanding and recruiting.
🔸 We will deliver the new codebase soon.
🔸 We will start the marketing plan right after.


And we have an upcoming Treasure Hunt in the streets of Paris.
https://www.facebook.com/events/214135232778908/


You can follow us here too:
telegram: https://t.me/forcenetworkio
twitter: https://twitter.com/forcenetworkio
facebook: https://fb.me/forcenetworkio
discord: https://chat.forcenetwork.io

so good news on force, or?

Thanks!

Buterin is a genius who was backed by MS and what you are referring to took place 4 years ago.

I am out of this premine debate and I am also wiped out from the small FORCE investment made last year , market has already made a decision, atleast in the short term.

I believe that this team has good intentions but badly needs professional money manager/auditing firm, and coordinated internal and external communicator if any type of premine is being planned. A few miscalculated sentences here and there can shave off 50% of market cap as we have just seen. It's not a big deal at this stage but it can have a negative impact later on.

So Ethereum, Ripple, Cardano, Stellar, NEM and IOTA for example are potential red flags to you?

we will support this project.

Hello,

we're not an ICO
but we have an ongoing bounty thread:
https://bitcointalksearch.org/topic/bountyfor-force-network-treasure-hunt-bounties-signature-campaign-4587239

Any bounty guys for this ICO?
Sorry if it's too late.

Interesting discussion. I'm not following the project actively, but this was definitely worth my time.

I am aligned that a sustainable, long term, development fund (% of profits) is preferred over a lump-sum approach. That facilitates overspending or running of with money.

Perfectly happy with that answer, thank you. I am waiting for confirmation as to if there is some technological presentation or working demo prior to premine funding and swap to new chain.

Feedback summary:

1. There will probably not be a community vote on the premine topic

2. Coinexchange listing was a discussion held internally with the volunteer group, it was decided that the fee was too high and that funds were to be used for other things such as legal incorporation. In defense of the team, a coinexchange listing in this market would perhaps not have been particularly beneficial as I have witnessed first hand coins such as GBX and DSR deflate precipitously post top listing on hitbtc and coinexchange without fundamental cause or changes in development. But the fact of the matter remains that strategic financial decisions during that period were not communicated properly outside discord forum and it is something that may color future capitalization initiatives such as the coming premine swap. According to team, most of the funds are intact or atleast $30 000 remain which is to be used to further development and renumeration which is good news.

3. From my recollection there was brief discussion on the topic of high roi upgrade of the chain to mirror masternode ecosystem developments during the period of Q1 2018 (such as bitcoin green). A member on discord mentioned that similar upgrades performed by other previously low roi coins had not been beneficial for them. I believe that the new algo will remain low roi in comparison to 1000%+ roi of the Q1 batch and that this high roi development track was abandoned after debate on the forum. FORCE current roi is around 50% which is probably also unsustainable when compared to stock market dividends and DASH. But it is atleast realistic short to mid term without necessarily inducing a price collapse since even triple figure roi coins remain market stable after 6 months of trading (BWK).

4. There is no possibility of voting fraud on Bitfineon since a masternode is priced at nearly $1000 and is required to cast a vote.

5. Now for the remaining risks:

a. Preliminary feedback indicates that there will be no concrete technological presentation or working demo as a justification for the premine swap. There may be a publication of a private github which could be a significant value addition.

b. There may be systemic risk introduced with government regulation of privacy coins after premine funding which could possibly introduce significant hurdles as team is no longer operating under guise of anonymity. It will be very easy to identify and suppress development of existing team under this scenario. However, I believe that privacy coins ecosystem is not yet relevant enough to be of interest to regulating entities, but it has been mentioned intermittently by regulators so it is a concrete possibility.

c. A legal incorporation does in no way or form protect participants from any kind of fund erosion or circumvention to deplete premine funds using a myriad of established and nefarious methods particularly witnessed in biotech during its early days in the 00's. It does not qualify as criminal activity but for all intents and purposes it achieves similar outcome on investor bottom line. "Consulting" fees, regulatory compliance/fees/fines as mentioned, mergers, restructuring, perpetual dilution and other unknown obstacles and expenses that may arise post funding and so on, particularly in blockchain that is a completely untested space riddled with these issues specifically concerning premines, ICO's and the things that everyone is tragically familiar with by now.

d. Force team presently receive 10% of stake rewards and it may be justified to keep future project funding segmented in this way rather than handing over a lump sum of unknown magnitude but possibly hundreds of thousands of dollars at once, until there is a verifiable proof of concept, working demo or any kind of proprietary assets. At the very least, there must be a surgical cost breakdown so participants will know exactly where funds will go and if it is over or under estimated projections, this is basic economics that any serious firm would require so there is no reason for private participants not to request from team to produce this type of public cost estimation prior to premine funding, and not at the last minute without elaborate community debate that is properly communicated to stakeholders on relevant public forums.

6. Team requested that this analysis be a little softer in its approach so I would emphasize that feedback from core devs is excellent and that it's not an experienced communications department so expectations should be kept realistic. The risk profile I submit in this summarized analysis in essence only relates to the topic of the premine which is a potential red flag for my own part after having been active in this space since early 2016.

There are 3 valid solutions to remedy community confidence in reference to coming premine swap:

1. Community voting
2. Don't make a premine swap, keep it at 10-15% of stake rewards with a lesser lump sum
3. Produce some kind of tech validation, demo or anything remotely tangible (update: a private github may be made public, which will potentially add alot of value)

In absence of any or all of these remedies Force should be considered a very high risk project going forward which is obvious for those who are already on board, but much lower than last year. As have been stated before, it is still 1/20 valuation of peers that came online at the same time in late 2017 due to being a community takeover and no top exchange inclusion, and the tech is top tier if not the best wallet at the moment, it certainly was for the majority of 2018. It is unknown what will happen to the original chain after swap, but if a handfull individuals control all outstanding supply it is safe to assume that it will become completely defunct. In case of community division, there is also the risk of forking, or splitting into 2 separate brands. The team and chain is still way ahead of 95% of ecosystem peers that don't even have WP's or active devs. Market cap of sub $1.5M is vastly undervalued barring premine risk. It is a difficult fundraising environment when most alts are down 90% or more, and those who do choose to join should not expect recovery or significant progress for a minimum of 2 years.

There will be no kind of ID check to join the network. Everyone will be able to join!

who did say here that there will be high ROI?
We don't communicate on ROI nor said anything like that, you can double-check on all our communication channels, no news have been released regarding possible ROI..


We used some for the incorporation and developments but kept the rest, nothing has been used yet to remunerate people.
FYI 5 BTC is not $60,000 anymore, it's $35,000 and the incorporation costs are quite important.


Please have a look at bitfineon voting system, it's governance from ALQO masternodes that allows a vote.
Voting can't be bot induced like you're saying as it's a decentralized system and you need to own ALQO in order to vote.


We don't know Epicept nor are affiliated to them.
If you're trying to say we attempt to scam people, you must not know how developments can be long when you start a novel blockchain..
We will soon reveal the github repository that will allow us to avoid such accusations..


Sorry, we don't know what you mean about that..

Feel free to ask more questions if you need, it will be a pleasure to answer them all.

I doubt there will be an ID check. It would kill the idea of privacy and anonymity don't you think?

Yes but I thought the comment before was referring to whether or not could join the network at any time. And that is possible isn't it? Or will there be any kind of ID checks?