Topic: [ANN] HYPER ~ Game Currency ~MMOs ~Poker ~ 20+ Servers~ShapeShift.io ~RPG +More! - page 60. (Read 716749 times)

That sounds pretty legit for me. I'll go and sell my house to go all in there
Some people dont want help or even listen.

But nice of you that you try it at least XD

It's worse. Read their explanation of how funds will be used. To shorten it, I'll just copy/paste what I sent another interested party:

*****
Basically, if you read through it all, here's the highlights

1) They want a valuation of $1m for a site that hasn't even officially launched
2) They are going to use the money given to them to pay their team, developers, legal, etc. to get the business running
3) They take ZERO risk -- investors take ALL the risk
4) Investors get 10% of the business profits, they get 90%

TL;DR: investors take 100% of the risk. The business owners get paid from investments and use the rest to build the business. In return, they also keep 90% of all profit and 100% of the equity in the company so they have full control over direction. Those who are risking all their money (investors) can just sit back, enjoy their measly return -- if any -- and can't do crap. If the site is sold in 3 months, investors get nothing and the owners get 100% of the profit

And they are already gaining a following elsewhere because people are too stupid to understand the what they're doing.
*****

The proper way to value a business is really simple.

1. You take a look at their assets. Ok, according to their thread they made a total of $175 in profits using others money so this leaves them with $175 in profit. Then you add a domain so thats about $10 so now were at $185. Servers if they are owned can maybe add $1,000 but they are hiding that so this value cannot be added.

2. You take a look at what they are making, $175/wk x 52 weeks in a year = $9,100. We now know expected yearly income at this exact moment in time excluding business expenses such as cloudlfare costs, server costs, advertising, disputes, staff income.

3. Yearly revenue is often multiplied 2-3x to find their value. $9,100 x 3 = $27,300.

Using the above it is now safe to say that they are valued at close to $30,000. This is nowhere near being $1,000,000

This is just the basics as I didn't go into full detail but I can assure you that they are nowhere near being close to $1million dollars and do not have the assets to back that figure up.

When a company/person/people inflate their value then that is a good sign of something not being right. If they were honest they would simply give a more accurate value of their business and let investors make a decision off of that instead of throwing around unreasonably large numbers in the hopes of oohing and awing people into investing.

I'm not saying not to invest with them, I'm just saying it is better to take a closer look into things before going blindly in and getting burned later on.

$1m on a site that hasn't even proven anything and is basing what they'll 'earn' on other sites. Smart.

On that note, I'm opening a competitor to Wal-Mart. WMT makes over $7t/yr and something like 200b/yr profit, so I'm valuing my company at $1t, which is only 5 years of profit. Let me know if you're in and I'll toss you the address to send funds to.


(Disclaimer: I'm being sarcastic because people here throw their money at stupid crap and then complain about how they were 'scammed' when it was just stupidity and nothing else that caused the loss. What you did isn't investing -- it's gambling. And you'd have a much higher chance of a 100% ROI betting all of it on 49.5% on any dice site. And you'd achieve it a LOT faster)

it may be a huge risk, but what the hey. I made so much on eth I need somewhere to risk it. But if they had 1000's of betters betting 100's of dollars I think they would be worth way more then just 1 million. The house always wins so the value of the business continues to grow, it cant go much lower then it is today.
sounds like ground floor to me. next stop is 6 feet under  or profits. I invested but im also investing in dgb and hyper.
I think gaming and Esports has a bright future wit crypto.

Completely agree, they are a new site without a lot of backing and not enough business to fall remotely close to $1,000,000 in value. If they had thousands of betters weekly that bet upwards of $100 each then I could see a fairly high valuation being said, but as it is now it has almost no value to it and would be a huge risk.

$1m valuation on an unproven business model, with no justification for it. This is a HORRIBLE deal right now.

Hyper, do you have any plans on partnering with gamebet? Looks like they have already acquired 4 partners. I think hyper and gamebet are a great match and I'd love to be able to bet hyper directly for hyper payouts if that is possible.

Buying more hyper today and will invest in gamebet tomorrow when my coinbase deposit clears.
They just posted their thread from the pre announcement.
https://bitcointalk.org/index.php?topic=1410287.new#new
Has anyone here used the site before because I see they had a beta test.
Maybe some of this community got to be the beta testers?

@Hyperfuture, any further intrest in building an electrum style wallet?  just wondering if youve got some pms from people that didnt post on the thread.  thanks and again id kick some btc into the kitty for it.

Trion Cash is a niche thing as well (only usable on like 5 games) but still has a $150m+ a year market.

it will remain a niche thing, they could technically adopt bitcoin for gaming but they did not, and bitcoin is much more famous, so hyper will remain with private server, if you can extended it to big game like moba it would be very good

When you get it going public, I may be able to help out getting the word out, . Maybe.

I know this is HYPERs thread, but Coin2 is also another gaming coin, were kinda moving a little slow though because all our eggs our in one basket atm. We are working on a FPS game called Chain of Conflict(I am sorta the lead dev on this game), C2 will be the main currency of the game, but it will also accept HYPER and BTC. You can check it out by clicking the Coin2 in my signature or by going to the Chain of Conflict thread(hasn't been updated in a few months, but has the latest demo. Also If anyone wants to help me out on this game, whether it be programming or animation or modeling, please pm me.

Chain of Conflict Thread: https://bitcointalk.org/index.php?topic=1220646.new#new

If it ever got adopted into a MMO that takes off... it could be HUGE. Technically doesn't need to be a MMORPG, either. Just a unique, popular game where HYPER is the only way in/out. It needs uniqueness.

It's a great coin for gaming. To be a wise investor if you invest in one game coin you should invest a little in all of them.
Then all you need is one to take off and fly and you'll be paid.
I been buying a lot of dgb and hyper over the last few months.
Do you know of any other cool game coins?

It depends on exactly what you mean by that - but there are certainly a lot of exciting projects in the pipeline.  I can definitely see it becoming the most important crypto used in online gaming over the next couple of years.

Here is a link to the rom for the game if you want to give it a try, all you need is an nes emulator.

http://www.planetemu.net/php/roms/download.php?token=c5a43ae03c5ee567e8a07429757c8aed

I would absolutely love to see this. I don't even remember seeing it on NES, but it looks like a fairly unique/different take on Snake, which is awesome.

is hyper the best coin for gaming?