Topic: [ANN] ION [ION] | POS 3.0 | Mobile Gaming | Join the ionomy today! - page 267. (Read 473154 times)

this is starting to make a lot more sense now. there is only 1 game dev and he is not full time. no wonder it takes so long to push out anything. where did the ico funds go when that guy has to buy his own equipment from his own pocket? i highly doubt they have any full-time employees that work exclusively on ionomy. its a great trick to say you have 5 people working full time but forget to mention you have multiple unrelated projects

it only solidifies my belief: its a loose group of guys and matlack is heading the platform (primary focus), just as he did for xpy.io. coin is secondary as seen from their github and the latest part-time/project hire of that sherlockcoin guy. games are tertiary & slapped on as the shtick

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i believe they finally paid bittrex 3BTC fee and might get listed in the near future. sharkie can finally stop saying how coinmarketcap is so biased. if 2 public exchanges do not reflect their internal one at all, its pretty obvious whats going on.

who wants to wager if the company name they will give out to bittrex is 3re llc located in texas which matlack is the CEO of? when a coin is premined they check up on these things as well as verify the devs. what are the implications of such move? woudnt that automatically mean all those atoms were sold by a company in the US

Sharkie, reposting the same shit twice still doesn't make sense. You made the claim about ION "buy pressure", not me. You can't substantiate it, like most of your claims. Let's call it yet another ionomywhaleshillsharklie and move on. When is the Thanksgiving hashlet coming out?

you glossed over and didnt address my question about sane investors and quarterly yearly financials? are you per chance feeling embarrassed about that comment of yours or saying ionomy is so trust worthy only to do that for other companies. your lack of tesponding to this is eating away at any credibility your statements have. man up and address your statement.

I leave that question for suchmoon's Bitcointalk ION agenda document where you will publish the unbiased "real" answer. Waiting impatiently for you to update the document with the "right" answers....

Answer - according to suchmoon, Huey pockets the BTC and gives out (dumps) the premined IONs so there is no "buy pressure" on the market

This has nothing to do with whatever butthurt you whales feel regarding my FAQ.

You made a claim about "extra buy pressure". I tried to break it down with a simple example and you can't respond to it in a coherent way. Looks like you parroted the "buy pressure" claim from someone else and you have no clue what you're talking about.

I leave that question for suchmoon's Bitcointalk ION agenda document where you will publish the unbiased "real" answer. Waiting impatiently for you to update the document with the "right" answers....

A. according to suchmoon, Huey pockets the BTC and gives out (dumps) the premined IONs so there is no "buy pressure" on the market

Sharkie, you can do the same thing as B) does - e.g. by using Shapeshift directly. Ionomy doesn't magically allow you to avoid having a wallet. You can mine to a Shapeshift or an exchange address as long as you adhere to minimum amount requirements etc. So no "benefit" here.

And you still haven't explained this:


How is B) a "benefit" compared to A) with regards to "buy pressure"?

You are incorrect that in B) you don't have to maintain an alt & Bitcoin wallet as in A). You also automate the process for mining and free yourself from monitoring and playing the market. This kind a of saves you a lot of time (money)..

A new user to crypto and alt mining would go with b) and would not have so many issues/problems...
I recommend that if you are new at alt mining, download the Minergate program (https://minergate.com/downloads/gui) and point your payout address to Ionomy's deposit wallet and watch the IONs start stacking up... It's so easy!!!

Join the Ionomy today @ https://ionomy.com and make some "free" ION coins...

You pay fees via Shapeshift API too, plus ionomy margin on top of it. The fees would likely be higher in B).

There is no "playing the market" unless you want to. You can dump alts on Shapeshift just the same.

There is no "maintaining an alt. coin wallet" unless you want to, and that applies equally to A) and B).

The subject however was the "buy pressure". Why are you deflecting again? How is B) creating "buy pressure" that would be better than "buy pressure" in A) ? It looks to be worse actually, because the "15% lower" order might not get filled. And with ionomy's awesome transparency you won't ever know what happened to it.

You forgot to add that in A) you pay exchange fees to the "direct" exchange. Why are you so hell bent that Ionomy should not get those fees if they are providing the SERVICE?

 In B) the process can be automated and the investor doesn't have to spend any of his/her valuable time playing the market or maintaining/updating an alt. coin & Bitcoin wallet on their computer... In some people's book, time is MONEY...

Ok sharkie, let's think this through together. It's easy, I promise - no hard math or anything like that.

A) buying ION using alts - the old-fashioned way

B) buying ION using alts - the new way

A and B both require a person who wants ION.

In A) the person dumps the alts in any way they see fit, and uses the BTC to buy IONs on the exchange with likely positive impact on demand/price.

In B) the person dumps the alts via ionomy, which gets the BTC. Then ionomy may place an order on the exchange, which may or may not get filled. If it's filled then ionomy gets a 15% cut if I understand it correctly. So there might be positive impact, but even if there is one then it would be at a lower price than A).

Doesn't look like B) provides any benefit compared to A). Has the price been moving up since this "service" was introduced?

This is just an Ionomy service to help crypto users convert alt coins to IONs. The extra buy pressure is just the benefit generated from using this service. No one is forcing you to buy your IONs this way... Ionomy is not a non-profit organization and does charge a fee for this SERVICE...

Another benefit is a no hassle (automate) your alt coin mining to buying IONs...

Does this mean that without this extra buy pressure ions can't sell on their own merit?

Also why would people want to get ion in this way due it not being used in games... wouldn't they rather non blockchain electrons and atoms?

Lastly do you still recommend all investors that are sane check quarterly and yearly financials as you previously stated that ionomy do not have registered under graval or ionomy pte? Just curious... quoted you and put it here again because i know you respond to question and queries so must have just missed the last 5 times i asked it in an honest mistake considering you ask others to back their statements up... thoughts?

It doesn't also automatically convert from shapeshifts alts to ion.

Something important here for korvas. Shapeshift refused to work with garza actually meant shapeshift refused to add paycoin (xpy) as a conversion pair in their site. The use of the shapeshift skeleton api does not mean shapeshift is working with any api user. Coins as conversion pairs are ones shapeshift supports but not necessarily work with. Ion is not on the conversion pairs at this point.

The ionomy exchange uses shapeshift skeleton api to convert from alts to btc then they do their btc to ion conversion. Its also an opportunity for the ion exchange to add their own fees in as well as there is no showing of the calculation in that service. I still suggest everyone converts their alts to btc themselves from a direct exchange. Its a convenience factor for small translations and should not be used as a large conversion constant service due to the fees that rack up.

LOL, yeah sharkie, keep trying to put words into my mouth.

I don't think the problem with ION is that it's not easy enough to buy it.


Exactly. There is no reason why someone couldn't dump the alts via Shapeshift directly and use the BTC to buy ION if they're so inclined. This "service to the Ionomy community" is routing the BTC to the "team" instead.


It does no such thing. The only "pressure" could come from demand that would have to increase faster than the rate of inflation. So far we are seeing "features" only on the supply side. Selling stakers for BTC, selling skins for BTC, selling IONs for alts converted to BTC.

The smart person would see that this is a service provided by Ionomy to put "buy pressure" on the exchange for ION... This also is another option to crypto users to convert their alt coin to IONs without the bothers of using a "direct" exchange...

Shapeshift aren't working with the ion team. The ion team is using the skeleton api

https://info.shapeshift.io/tools/skeleton

This is purely an api that can be integrated into a site allowing the use of shapeshift to transfer altcoins into btc that they use to transfer on their exchange. The exchange is also run by the same team with a premine so there is absolutely no way of seeing transparency to ensure that their own orders aren't bumped up behind the scenes.

Its a prebuilt mechanism allowing them to now take altcoin translated. Its honestly while a good service from shapeshift not one people should consider in big volumes. Shapeshift take a cut on the automated translation sales. You are better selling your own alt coins on polo and bittrex then taking the btc.

@suchmoon Glad to see you agree that Ionomy is providing another service to the Crypto community in making it easy to buy IONs... and to auto buy IONs when mining Alt. coins...

Join the Ionomy today and get in on the ION action....
https://ionomy.com/

So that's how Shapeshift is "working" with ionomy - they're using Shapeshift's API?

That's so innovative I'm speechless.

The value of the alt coin is determined from shapeshift. The value for the ION is determined by above procedure described by Huey...

i see shapeshift also adjust the min amount too