[ANN] ICONOMI - Fund Management Platform - page 232.

5thangel

hero member

Activity: 910

Merit: 508

Quote from: SEOcrypto on December 23, 2016, 09:51:56 AM

Quote from: ?? on ??

There's still time to board the ICONOMI rocket.

https://www.timeanddate.com/countdown/launch?iso=20161228T00&p0=1440&msg=ICONOMI+Platform+Launch&font=sanserif

On December 28, people will look back at these prices and wish they scooped some more ICN.

December 28, 2017 - yes

December 28, 2018 - hell yes

December 28, 2030 - FML yes (squint to see the party on the moon)

December 28, 2050 - if i only...

a lot of us won't see this in December 28, 2050 Grin

SEOcrypto

member

Activity: 114

Merit: 10

Quote from: ?? on ??

There's still time to board the ICONOMI rocket.

https://www.timeanddate.com/countdown/launch?iso=20161228T00&p0=1440&msg=ICONOMI+Platform+Launch&font=sanserif

On December 28, people will look back at these prices and wish they scooped some more ICN.

December 28, 2017 - yes

December 28, 2018 - hell yes

December 28, 2030 - FML yes (squint to see the party on the moon)

December 28, 2050 - if i only...

sualesso

member

Activity: 136

Merit: 10

Quote from: pind919 on December 23, 2016, 08:45:53 AM

Quote from: sualesso on December 23, 2016, 08:41:24 AM

Quote from: Daparski on December 23, 2016, 08:13:55 AM

Quote from: sualesso on December 23, 2016, 07:53:31 AM

Quote from: Daparski on December 23, 2016, 03:16:01 AM

Quote from: fdgara on December 23, 2016, 03:10:59 AM

Quote from: B!gSmoke on December 23, 2016, 02:52:23 AM

Quote from: fdgara on December 23, 2016, 02:48:24 AM

Quote from: iattp777 on December 23, 2016, 01:34:15 AM

Quote from: Daparski on December 23, 2016, 01:19:39 AM

Quote from: fdgara on December 23, 2016, 01:01:00 AM

I found out about ETH back in May when it was $11, I heard about it previously but didn't do anything till then. Back in May, ETH was hyped like crazy. No one could say a single bad thing back then because there was no ETC, No DAO hack etc... There was so many Ethereum fan boys who lash out the minute you even bring up a tiny concern about security, scalability etc...

Also I didn't care that I was buying from people who potentially bought at less than $1 and are making 10x profit, I just cared about LONG TERM potential based on MY situation. The price went to $20, I didn't sell at the peak but made some nice profit before market lost confidence. It will have a year long bearish market next year just like BTC did 2 years ago and then it will moon. There is no doubt in my mind that if the whole DAO and ETC shit didn't happen, ETH would be mooning along with BTC now and $20 would be considered CHEAP.

What does all of this have to do with ICN?
1- many people will dump when it starts to play around in $1-$5 range or $6-$10. But A LOT more people will buy at that time due the fact it has gone up in the first place!! Majority of people only act when a coin is being pumped because its confirmation bias and to them its a 'safer' investment. low risk = low reward

2- ICN devs are masters of their own destiny now. They literally have it all in their hands. They are the only ones who can mess it up from now on because it seems the whole community is on their side. My concern to be honest is they will rush the OFM platform which may lead to high security risk or glitchy website that always looks and feels like it is in beta testing. I was excited at first that OFM will be released sooner than we expect, but now I would much rather if they are more patient and release a platform that is 100% secure and tested.... Otherwise, the first news of any sort of uncertainty and then it is game over and move on to the next hyped up thing. Sure, there will be loyal followers, but the majority of investors (not just in crypto but in general) will dump instantly at the first news of uncertainty. I'm going to ask them about this at next AMA and fucking hope they don't rush this so we don't have a fucking ICN Classic!

+100
Excellent post. Its only problem is that it is not on Reddit.

Better to wait another few months and release a stable, secured, and well tested platform than to be ahead of schedule
In that regard, it would be good to have a small group of testers that can provide feedback before the release (access to qa or any other pre-pdoduction version)

I thought that's what they're doing with rolling it out to a select few before December 28th.

I'm referring to OFM platform which was originally scheduled for release in Q3 2017 I think, but now looks like it will be there much sooner. 2016 has been great year for alts in terms of total market cap, however, it is heavily stained with hacks. Steem accounts were hacked within 2 weeks of release, DAO was hacked within weeks due to poor coding, bitfinex was hacked as well, more than $100 million has been stolen from people's accounts this year and they all have one thing in common, the underlying blockchain technology has never been hacked and is at least the same level of security as banks and major corporations (I think it is stronger).

However, the accounts that people have on platforms is what is being hacked. I have no concern for ICN tokens or ICNX tokens being hacked because I believe in the underlying technology. Also, majority of assets are stored in multisig cold wallets so the i'm not concerned about that either. I think once people are using OFM to trade and depositing fiat/alts into their accounts, hackers will try to exploit because they will be stored in hot wallets. They say there will be withdrawal limits which definitely helps, but perhaps we should also have accounts being 24/7 monitored for suspicious activities and maybe even have require manual confirmations for each withdrawls. It might make it annoying for people to have to wait, but the more layers of security we have, the more likely it is to deter hackers from wasting their time in the first place. Anyway i'll ask about this in their next AMA and we'll see what they have planned Grin

Nope, OFM should release at Q1 2017 from the beginning.

Huge executional risk, HIGHLY doubt any team can build a fully tested and secured platform after two months of ICO ending. Would love to be proven wrong though...

They didn't start from scratch, already had working platform

As I now, the BIT STAMP team helping them with security. (experience and advice)

Source?

I am the source. Slovenia is a little country, news is spreading fast. Grin

im sure BITSTAMP can help a lot, since they were traget of the big HACK last year.. Well that is great news

that was inside job.

SEOcrypto

member

Activity: 114

Merit: 10

Quote from: PikachuYou on December 23, 2016, 09:27:40 AM

Thing is with BTC now going to the moon, people will start taking more notice of digital assets.

If you're intelligent enough to put these two pieces of information together, you'd be selling your Christmas presents, your girlfriend, your wife, your boyfriend..... to get a slice of ICN.

Keep the dog though. Never sell the dog.

LOL THIS POST

STRAIGHT FIRE

Warren_Buffett

newbie

Activity: 56

Merit: 0

Quote from: PikachuYou on December 23, 2016, 09:20:51 AM

Quote from: Castor94 on December 23, 2016, 09:07:52 AM

https://www.youtube.com/watch?v=47Z27PPNvNQ
Tim talks about Iconomi for an hour here, sadly it's in Slovene. Thougt the major things he probably didn't want to reveal is that Deloitte is going to audit every new ICO and give a green flag if it's a good investment or a scam, something like this. Also he said that they have a lot of fund managers already in contact and they will have their OFM funds in their portfolio of stock and bond funds. Someone else from Slovenia can try to translate something interesting that they find in this video.

Deloitte is involved??

Errrr WHAT?

If that is true, then this is major fucking news.

Would someone in Slovenia be a Gem and add English Captions for us?

Densitymax

sr. member

Activity: 437

Merit: 250

Quote from: PikachuYou on December 23, 2016, 09:27:40 AM

Thing is with BTC now going to the moon, people will start taking more notice of digital assets.

If you're intelligent enough to put these two pieces of information together, you'd be selling your Christmas presents, your girlfriend, your wife, your boyfriend..... to get a slice of ICN.

Keep the dog though. Never sell the dog.

No one particularly does not sell ICN even that Bitcoin is already 900 dollars. It makes no sense to sell asset at that will soon release.

korman

jr. member

Activity: 59

Merit: 1

Although I'm European, I was a left a bit disappointed when I read that US citizens can't create an OFM or invest in the funds using the website, although they can still buy ICN and participate in the dividends. I really hope the legal team can sort that out in the future, even if that means to work and comply with mostly outdated regulations, so that they can also fully benefit from the platform, and we all have much more money flowing in.

fdgara

newbie

Activity: 45

Merit: 0

Quote from: PikachuYou on December 23, 2016, 09:27:40 AM

Thing is with BTC now going to the moon, people will start taking more notice of digital assets.

If you're intelligent enough to put these two pieces of information together, you'd be selling your Christmas presents, your girlfriend, your wife, your boyfriend..... to get a slice of ICN.

Keep the dog though. Never sell the dog.

Very true, also ICNX will become the new top 10 (11 if you include btc) Altcoin list that people will refer to instead of coinmarketcap. It ignores shitcoins like etc, ripple and litecoin that doesn't deserve to be so high on that list. Notice how they added zcash and within 3 days it doubled from $30 to $60?

I can definitely see a scenario in the future where coins that get added to ICNX will get pumped and coins that get removed will get dumped. The irony is....if this becomes a pattern, it removes risk/speculation and just means they can add coin, thousands of copy traders buy, they sell and we get dividends. Grin

PikachuYou

full member

Activity: 238

Merit: 100

Me is Cute

Thing is with BTC now going to the moon, people will start taking more notice of digital assets.

If you're intelligent enough to put these two pieces of information together, you'd be selling your Christmas presents, your girlfriend, your wife, your boyfriend..... to get a slice of ICN.

Keep the dog though. Never sell the dog.

bitcoinsforall

hero member

Activity: 714

Merit: 503

what they need to do with them..auditing??

does such thing do occur?

Castor94

newbie

Activity: 43

Merit: 0

He said probably Deloitte, which means they are in talks with them most likely.

PikachuYou

full member

Activity: 238

Merit: 100

Me is Cute

Quote from: Castor94 on December 23, 2016, 09:07:52 AM

https://www.youtube.com/watch?v=47Z27PPNvNQ
Tim talks about Iconomi for an hour here, sadly it's in Slovene. Thougt the major things he probably didn't want to reveal is that Deloitte is going to audit every new ICO and give a green flag if it's a good investment or a scam, something like this. Also he said that they have a lot of fund managers already in contact and they will have their OFM funds in their portfolio of stock and bond funds. Someone else from Slovenia can try to translate something interesting that they find in this video.

Deloitte is involved??

Errrr WHAT?

If that is true, then this is major fucking news.

Castor94

newbie

Activity: 43

Merit: 0

https://www.youtube.com/watch?v=47Z27PPNvNQ
Tim talks about Iconomi for an hour here, sadly it's in Slovene. Thougt the major things he probably didn't want to reveal is that Deloitte is going to audit every new ICO and give a green flag if it's a good investment or a scam, something like this. Also he said that they have a lot of fund managers already in contact and they will have their OFM funds in their portfolio of stock and bond funds. Someone else from Slovenia can try to translate something interesting that they find in this video.

ri80va

member

Activity: 82

Merit: 10

Quote from: ZeitgeistofBitcoin on December 23, 2016, 08:49:18 AM

Quote from: omedian on December 23, 2016, 05:50:25 AM

Ok, I'll wait until it goes under ICO price then. Thank you

I will buy them before it gets under ICO price, sorry mate

If that happens.. me to Wink

ZeitgeistofBitcoin

newbie

Activity: 50

Merit: 0

Quote from: omedian on December 23, 2016, 05:50:25 AM

Ok, I'll wait until it goes under ICO price then. Thank you

I will buy them before it gets under ICO price, sorry mate

pind919

full member

Activity: 140

Merit: 100

Quote from: sualesso on December 23, 2016, 08:41:24 AM

Quote from: Daparski on December 23, 2016, 08:13:55 AM

Quote from: sualesso on December 23, 2016, 07:53:31 AM

Quote from: Daparski on December 23, 2016, 03:16:01 AM

Quote from: fdgara on December 23, 2016, 03:10:59 AM

Quote from: B!gSmoke on December 23, 2016, 02:52:23 AM

Quote from: fdgara on December 23, 2016, 02:48:24 AM

Quote from: iattp777 on December 23, 2016, 01:34:15 AM

Quote from: Daparski on December 23, 2016, 01:19:39 AM

Quote from: fdgara on December 23, 2016, 01:01:00 AM

I found out about ETH back in May when it was $11, I heard about it previously but didn't do anything till then. Back in May, ETH was hyped like crazy. No one could say a single bad thing back then because there was no ETC, No DAO hack etc... There was so many Ethereum fan boys who lash out the minute you even bring up a tiny concern about security, scalability etc...

Also I didn't care that I was buying from people who potentially bought at less than $1 and are making 10x profit, I just cared about LONG TERM potential based on MY situation. The price went to $20, I didn't sell at the peak but made some nice profit before market lost confidence. It will have a year long bearish market next year just like BTC did 2 years ago and then it will moon. There is no doubt in my mind that if the whole DAO and ETC shit didn't happen, ETH would be mooning along with BTC now and $20 would be considered CHEAP.

What does all of this have to do with ICN?
1- many people will dump when it starts to play around in $1-$5 range or $6-$10. But A LOT more people will buy at that time due the fact it has gone up in the first place!! Majority of people only act when a coin is being pumped because its confirmation bias and to them its a 'safer' investment. low risk = low reward

2- ICN devs are masters of their own destiny now. They literally have it all in their hands. They are the only ones who can mess it up from now on because it seems the whole community is on their side. My concern to be honest is they will rush the OFM platform which may lead to high security risk or glitchy website that always looks and feels like it is in beta testing. I was excited at first that OFM will be released sooner than we expect, but now I would much rather if they are more patient and release a platform that is 100% secure and tested.... Otherwise, the first news of any sort of uncertainty and then it is game over and move on to the next hyped up thing. Sure, there will be loyal followers, but the majority of investors (not just in crypto but in general) will dump instantly at the first news of uncertainty. I'm going to ask them about this at next AMA and fucking hope they don't rush this so we don't have a fucking ICN Classic!

+100
Excellent post. Its only problem is that it is not on Reddit.

Better to wait another few months and release a stable, secured, and well tested platform than to be ahead of schedule
In that regard, it would be good to have a small group of testers that can provide feedback before the release (access to qa or any other pre-pdoduction version)

I thought that's what they're doing with rolling it out to a select few before December 28th.

I'm referring to OFM platform which was originally scheduled for release in Q3 2017 I think, but now looks like it will be there much sooner. 2016 has been great year for alts in terms of total market cap, however, it is heavily stained with hacks. Steem accounts were hacked within 2 weeks of release, DAO was hacked within weeks due to poor coding, bitfinex was hacked as well, more than $100 million has been stolen from people's accounts this year and they all have one thing in common, the underlying blockchain technology has never been hacked and is at least the same level of security as banks and major corporations (I think it is stronger).

However, the accounts that people have on platforms is what is being hacked. I have no concern for ICN tokens or ICNX tokens being hacked because I believe in the underlying technology. Also, majority of assets are stored in multisig cold wallets so the i'm not concerned about that either. I think once people are using OFM to trade and depositing fiat/alts into their accounts, hackers will try to exploit because they will be stored in hot wallets. They say there will be withdrawal limits which definitely helps, but perhaps we should also have accounts being 24/7 monitored for suspicious activities and maybe even have require manual confirmations for each withdrawls. It might make it annoying for people to have to wait, but the more layers of security we have, the more likely it is to deter hackers from wasting their time in the first place. Anyway i'll ask about this in their next AMA and we'll see what they have planned Grin

Nope, OFM should release at Q1 2017 from the beginning.

Huge executional risk, HIGHLY doubt any team can build a fully tested and secured platform after two months of ICO ending. Would love to be proven wrong though...

They didn't start from scratch, already had working platform

As I now, the BIT STAMP team helping them with security. (experience and advice)

Source?

I am the source. Slovenia is a little country, news is spreading fast. Grin

im sure BITSTAMP can help a lot, since they were traget of the big HACK last year.. Well that is great news

sualesso

member

Activity: 136

Merit: 10

Quote from: Daparski on December 23, 2016, 08:13:55 AM

Quote from: sualesso on December 23, 2016, 07:53:31 AM

Quote from: Daparski on December 23, 2016, 03:16:01 AM

Quote from: fdgara on December 23, 2016, 03:10:59 AM

Quote from: B!gSmoke on December 23, 2016, 02:52:23 AM

Quote from: fdgara on December 23, 2016, 02:48:24 AM

Quote from: iattp777 on December 23, 2016, 01:34:15 AM

Quote from: Daparski on December 23, 2016, 01:19:39 AM

Quote from: fdgara on December 23, 2016, 01:01:00 AM

I found out about ETH back in May when it was $11, I heard about it previously but didn't do anything till then. Back in May, ETH was hyped like crazy. No one could say a single bad thing back then because there was no ETC, No DAO hack etc... There was so many Ethereum fan boys who lash out the minute you even bring up a tiny concern about security, scalability etc...

Also I didn't care that I was buying from people who potentially bought at less than $1 and are making 10x profit, I just cared about LONG TERM potential based on MY situation. The price went to $20, I didn't sell at the peak but made some nice profit before market lost confidence. It will have a year long bearish market next year just like BTC did 2 years ago and then it will moon. There is no doubt in my mind that if the whole DAO and ETC shit didn't happen, ETH would be mooning along with BTC now and $20 would be considered CHEAP.

What does all of this have to do with ICN?
1- many people will dump when it starts to play around in $1-$5 range or $6-$10. But A LOT more people will buy at that time due the fact it has gone up in the first place!! Majority of people only act when a coin is being pumped because its confirmation bias and to them its a 'safer' investment. low risk = low reward

2- ICN devs are masters of their own destiny now. They literally have it all in their hands. They are the only ones who can mess it up from now on because it seems the whole community is on their side. My concern to be honest is they will rush the OFM platform which may lead to high security risk or glitchy website that always looks and feels like it is in beta testing. I was excited at first that OFM will be released sooner than we expect, but now I would much rather if they are more patient and release a platform that is 100% secure and tested.... Otherwise, the first news of any sort of uncertainty and then it is game over and move on to the next hyped up thing. Sure, there will be loyal followers, but the majority of investors (not just in crypto but in general) will dump instantly at the first news of uncertainty. I'm going to ask them about this at next AMA and fucking hope they don't rush this so we don't have a fucking ICN Classic!

+100
Excellent post. Its only problem is that it is not on Reddit.

Better to wait another few months and release a stable, secured, and well tested platform than to be ahead of schedule
In that regard, it would be good to have a small group of testers that can provide feedback before the release (access to qa or any other pre-pdoduction version)

I thought that's what they're doing with rolling it out to a select few before December 28th.

I'm referring to OFM platform which was originally scheduled for release in Q3 2017 I think, but now looks like it will be there much sooner. 2016 has been great year for alts in terms of total market cap, however, it is heavily stained with hacks. Steem accounts were hacked within 2 weeks of release, DAO was hacked within weeks due to poor coding, bitfinex was hacked as well, more than $100 million has been stolen from people's accounts this year and they all have one thing in common, the underlying blockchain technology has never been hacked and is at least the same level of security as banks and major corporations (I think it is stronger).

However, the accounts that people have on platforms is what is being hacked. I have no concern for ICN tokens or ICNX tokens being hacked because I believe in the underlying technology. Also, majority of assets are stored in multisig cold wallets so the i'm not concerned about that either. I think once people are using OFM to trade and depositing fiat/alts into their accounts, hackers will try to exploit because they will be stored in hot wallets. They say there will be withdrawal limits which definitely helps, but perhaps we should also have accounts being 24/7 monitored for suspicious activities and maybe even have require manual confirmations for each withdrawls. It might make it annoying for people to have to wait, but the more layers of security we have, the more likely it is to deter hackers from wasting their time in the first place. Anyway i'll ask about this in their next AMA and we'll see what they have planned Grin

Nope, OFM should release at Q1 2017 from the beginning.

Huge executional risk, HIGHLY doubt any team can build a fully tested and secured platform after two months of ICO ending. Would love to be proven wrong though...

They didn't start from scratch, already had working platform

As I now, the BIT STAMP team helping them with security. (experience and advice)

Source?

I am the source. Slovenia is a little country, news is spreading fast. Grin

MoveCrypto

sr. member

Activity: 364

Merit: 250

move that crypto

Quote from: ?? on ??

Quote from: LeonardoDaVinci on December 22, 2016, 01:54:11 AM

Quote from: aDAPPter on December 22, 2016, 01:45:49 AM

Quote from: MoveCrypto on December 21, 2016, 03:12:03 PM

Quote from: Coca-Cola on December 21, 2016, 02:37:27 PM

The ICN price jump this weekend will be of BIBLICAL PROPORTIONS.

The ICN price jump this weekend will be of a DIVINE SCALE.

The ICN price jump this weekend will be of an ASTRONOMICAL MAGNITUDE.

The ICN price jump this weekend will be of CELESTIAL DIMENSIONS.

The ICN price jump this weekend will be of STELLAR MEASUREMENTS.

The ICN price jump this weekend will be of TREMENDOUS BIG LEAGUE.

Daparski

sr. member

Activity: 504

Merit: 250

Quote from: sualesso on December 23, 2016, 07:53:31 AM

Quote from: Daparski on December 23, 2016, 03:16:01 AM

Quote from: fdgara on December 23, 2016, 03:10:59 AM

Quote from: B!gSmoke on December 23, 2016, 02:52:23 AM

Quote from: fdgara on December 23, 2016, 02:48:24 AM

Quote from: iattp777 on December 23, 2016, 01:34:15 AM

Quote from: Daparski on December 23, 2016, 01:19:39 AM

Quote from: fdgara on December 23, 2016, 01:01:00 AM

I found out about ETH back in May when it was $11, I heard about it previously but didn't do anything till then. Back in May, ETH was hyped like crazy. No one could say a single bad thing back then because there was no ETC, No DAO hack etc... There was so many Ethereum fan boys who lash out the minute you even bring up a tiny concern about security, scalability etc...

Also I didn't care that I was buying from people who potentially bought at less than $1 and are making 10x profit, I just cared about LONG TERM potential based on MY situation. The price went to $20, I didn't sell at the peak but made some nice profit before market lost confidence. It will have a year long bearish market next year just like BTC did 2 years ago and then it will moon. There is no doubt in my mind that if the whole DAO and ETC shit didn't happen, ETH would be mooning along with BTC now and $20 would be considered CHEAP.

What does all of this have to do with ICN?
1- many people will dump when it starts to play around in $1-$5 range or $6-$10. But A LOT more people will buy at that time due the fact it has gone up in the first place!! Majority of people only act when a coin is being pumped because its confirmation bias and to them its a 'safer' investment. low risk = low reward

2- ICN devs are masters of their own destiny now. They literally have it all in their hands. They are the only ones who can mess it up from now on because it seems the whole community is on their side. My concern to be honest is they will rush the OFM platform which may lead to high security risk or glitchy website that always looks and feels like it is in beta testing. I was excited at first that OFM will be released sooner than we expect, but now I would much rather if they are more patient and release a platform that is 100% secure and tested.... Otherwise, the first news of any sort of uncertainty and then it is game over and move on to the next hyped up thing. Sure, there will be loyal followers, but the majority of investors (not just in crypto but in general) will dump instantly at the first news of uncertainty. I'm going to ask them about this at next AMA and fucking hope they don't rush this so we don't have a fucking ICN Classic!

+100
Excellent post. Its only problem is that it is not on Reddit.

Better to wait another few months and release a stable, secured, and well tested platform than to be ahead of schedule
In that regard, it would be good to have a small group of testers that can provide feedback before the release (access to qa or any other pre-pdoduction version)

I thought that's what they're doing with rolling it out to a select few before December 28th.

I'm referring to OFM platform which was originally scheduled for release in Q3 2017 I think, but now looks like it will be there much sooner. 2016 has been great year for alts in terms of total market cap, however, it is heavily stained with hacks. Steem accounts were hacked within 2 weeks of release, DAO was hacked within weeks due to poor coding, bitfinex was hacked as well, more than $100 million has been stolen from people's accounts this year and they all have one thing in common, the underlying blockchain technology has never been hacked and is at least the same level of security as banks and major corporations (I think it is stronger).

However, the accounts that people have on platforms is what is being hacked. I have no concern for ICN tokens or ICNX tokens being hacked because I believe in the underlying technology. Also, majority of assets are stored in multisig cold wallets so the i'm not concerned about that either. I think once people are using OFM to trade and depositing fiat/alts into their accounts, hackers will try to exploit because they will be stored in hot wallets. They say there will be withdrawal limits which definitely helps, but perhaps we should also have accounts being 24/7 monitored for suspicious activities and maybe even have require manual confirmations for each withdrawls. It might make it annoying for people to have to wait, but the more layers of security we have, the more likely it is to deter hackers from wasting their time in the first place. Anyway i'll ask about this in their next AMA and we'll see what they have planned Grin

Nope, OFM should release at Q1 2017 from the beginning.

Huge executional risk, HIGHLY doubt any team can build a fully tested and secured platform after two months of ICO ending. Would love to be proven wrong though...

They didn't start from scratch, already had working platform

As I now, the BIT STAMP team helping them with security. (experience and advice)

Source?

sualesso

member

Activity: 136

Merit: 10

Quote from: Daparski on December 23, 2016, 03:16:01 AM

Quote from: fdgara on December 23, 2016, 03:10:59 AM

Quote from: B!gSmoke on December 23, 2016, 02:52:23 AM

Quote from: fdgara on December 23, 2016, 02:48:24 AM

Quote from: iattp777 on December 23, 2016, 01:34:15 AM

Quote from: Daparski on December 23, 2016, 01:19:39 AM

Quote from: fdgara on December 23, 2016, 01:01:00 AM

I found out about ETH back in May when it was $11, I heard about it previously but didn't do anything till then. Back in May, ETH was hyped like crazy. No one could say a single bad thing back then because there was no ETC, No DAO hack etc... There was so many Ethereum fan boys who lash out the minute you even bring up a tiny concern about security, scalability etc...

Also I didn't care that I was buying from people who potentially bought at less than $1 and are making 10x profit, I just cared about LONG TERM potential based on MY situation. The price went to $20, I didn't sell at the peak but made some nice profit before market lost confidence. It will have a year long bearish market next year just like BTC did 2 years ago and then it will moon. There is no doubt in my mind that if the whole DAO and ETC shit didn't happen, ETH would be mooning along with BTC now and $20 would be considered CHEAP.

What does all of this have to do with ICN?
1- many people will dump when it starts to play around in $1-$5 range or $6-$10. But A LOT more people will buy at that time due the fact it has gone up in the first place!! Majority of people only act when a coin is being pumped because its confirmation bias and to them its a 'safer' investment. low risk = low reward

2- ICN devs are masters of their own destiny now. They literally have it all in their hands. They are the only ones who can mess it up from now on because it seems the whole community is on their side. My concern to be honest is they will rush the OFM platform which may lead to high security risk or glitchy website that always looks and feels like it is in beta testing. I was excited at first that OFM will be released sooner than we expect, but now I would much rather if they are more patient and release a platform that is 100% secure and tested.... Otherwise, the first news of any sort of uncertainty and then it is game over and move on to the next hyped up thing. Sure, there will be loyal followers, but the majority of investors (not just in crypto but in general) will dump instantly at the first news of uncertainty. I'm going to ask them about this at next AMA and fucking hope they don't rush this so we don't have a fucking ICN Classic!

+100
Excellent post. Its only problem is that it is not on Reddit.

Better to wait another few months and release a stable, secured, and well tested platform than to be ahead of schedule
In that regard, it would be good to have a small group of testers that can provide feedback before the release (access to qa or any other pre-pdoduction version)

I thought that's what they're doing with rolling it out to a select few before December 28th.

I'm referring to OFM platform which was originally scheduled for release in Q3 2017 I think, but now looks like it will be there much sooner. 2016 has been great year for alts in terms of total market cap, however, it is heavily stained with hacks. Steem accounts were hacked within 2 weeks of release, DAO was hacked within weeks due to poor coding, bitfinex was hacked as well, more than $100 million has been stolen from people's accounts this year and they all have one thing in common, the underlying blockchain technology has never been hacked and is at least the same level of security as banks and major corporations (I think it is stronger).

However, the accounts that people have on platforms is what is being hacked. I have no concern for ICN tokens or ICNX tokens being hacked because I believe in the underlying technology. Also, majority of assets are stored in multisig cold wallets so the i'm not concerned about that either. I think once people are using OFM to trade and depositing fiat/alts into their accounts, hackers will try to exploit because they will be stored in hot wallets. They say there will be withdrawal limits which definitely helps, but perhaps we should also have accounts being 24/7 monitored for suspicious activities and maybe even have require manual confirmations for each withdrawls. It might make it annoying for people to have to wait, but the more layers of security we have, the more likely it is to deter hackers from wasting their time in the first place. Anyway i'll ask about this in their next AMA and we'll see what they have planned Grin

Nope, OFM should release at Q1 2017 from the beginning.

Huge executional risk, HIGHLY doubt any team can build a fully tested and secured platform after two months of ICO ending. Would love to be proven wrong though...

They didn't start from scratch, already had working platform

As I now, the BIT STAMP team helping them with security. (experience and advice)

Topic: [ANN] ICONOMI - Fund Management Platform - page 232. (Read 1253942 times)