Topic: [ANN] ION [ION] | POS 3.0 | Mobile Gaming | Join the ionomy today! - page 333. (Read 473126 times)

No the team is set up in Singapore to reduce the burden of bureaucracy. Imagine having a discussion but before you were able to get to the thing you wanted clarification on you had to start with explaining what a bitcoin is then build up from there.

Being based in Singapore will help ensure that when parts of the world catch up with crypto they'll have naturally adopted good business practices... do some digging around and you'll see they are not the only ones based in that region. It's because they do give a shit about the law they are based in Singapore.

If they didn't they would be based somewhere like the Cayman Islands.   

Good point where are you from ?

Anytime. I just feel the team should use some of that BTC (well, now fiat) to move the platform along. There shouldn't be 2+ month delays for releases when they ha e 300+ BTC (equivalent) in the bank. If they truly believe in the platform, which every supporter claims they are, then using some of that BTC shouldn't stress them at all.

The fact hey refuse to touch those funds has me concerned. If they aren't going to use those funds for development and providing value to the Ionomy platform, what are those funds for? There was a nefarious scenario laid out above and I can see some validity to it.

Good point, one of the things I picked up on during the whale hangout was ION have a business plan that stretches out in years not months so that war chest isn't just for Gravity or API development it's for other stuff too. That other stuff would be pure speculation from me so not worth adding to discussion. For me it was good to see a small developer with a big budget resisting the urge to blow it..... small developer + big budget = dangerous combination. This frugal mentality is a good thing as they are at the beginning of a journey and are provisioning for the long road ahead. 

But first and foremost the ION team needs to open up to the greater crypto world and stop trying to do everything themselves in heir little walled garden. This is a crypto project (at least I think it is), open source, meant to eat I out from the entire crypto world. So far that are only taking input from people who paid a lot of money to do so.

I agree but understand this is crypto. As I write this not only am trying to have a discussion with you I'm also aware that anybody could be reading this with a totally different agenda looking to twist whatever you or I say for there own reasons. For me this makes communication a slow process so can you imagine what it's like for ION. I'm just a small investor in ION and I have to use disclaimers like Everything I say, discuss or imply within the Bitcoin forum is without legal prejudice and represents only my opinion.... what a f**king joke but that's crypto for you  so I think you need walls

 
Id like to see them stop with creating different levels of elitism and use the funds raised to further the project. And of course provide proof that said funds are used for said purpose.

Your referring to the member,founder,whales tiers. It is a wall but it's not a wall of money or elitism it's a wall of intent. Wild and myself are whales, ask us questions and you'll get a different answers but know that the one thing we have in common is the  Ionomy vision and to help support the implementation of their business plan. For whales to survive they need an eco system something  you'll never have if you screw people over for small short term gain.

If they were willing to do this if be willing to invest. But I don't see them using the ICO funds to build the platform. I see them trying to do t as cheaply as possible, even if it takes a year per game, so they can save the ICO funds for themselves.

That's fine in Crypto you have to start with the position that everything you hear or told is a lie, Delivery is the key use that as a measure and if it all turns to shit you made a good call but if it doesn't ..... it's your call

So the team set up the business in Singapore to skate all these types of illegalities? Seems like it based on your response above. At least it's what you think is possible.

Eh, they're in Singapore...everything a legal!

Compared to you yes they are

He pretty much changes his tune where it suits him. He's vocal to encourage more to do what he wants to suit his business plan i.e. selling. I'd like to hear his response since that is what he typed... did he not say that? Its there in an archive capture.

Also note there was a very real grey area on masternodes for dash being unregistered securities. Apple want nothing to do with dash due to that and the anonymous attempt for the transfers and its a coin that can't be used in the app store apps.

Seeing as ion is based on dash with masternodes it follows suite. Also realise that the public masternodes are shares yes they are referred to as get your masternode share, that does a return on investing amount.

Just because there is no involvement with sec etc now doesn't mean that in the future its not the case. Remember that xpy users said the same thing... its not a scam, hashlets exist... hashlets aren't securities... no sec action so its sec approved (looking at you mr coins). Also note that your continued voice using terms like investment, shares etc sharky will have you as someone in the firing line later. Im going to go on a limb and say no matter what your internet research dictates neither your nor my word are definitive in the eyes of the law and with yourself encouraging others so publically and openly with the terms you use you do implicate yourself a lot. You aren't very cautious and arrogance in that regard does get one in trouble at times with internet archives etc.

I do know that what suchmoon etc say to be correct. Where a company is incorporated does NOT prevent law from catching up to them. If you offer services to citizens of a country then you come under their law jurisdictions... sure if you yourself live in the singapore or phillipines or anywhere else it might be a strech for them to extradite you but it doesn't make the actual company runners any less culpable. So matlack and his friends in usa living aren't protected just because they made their company in the phillipines and have some rent a director on the form name.

That's not what you've said before though. So you're now saying that you don't have access to the secret awesome business plan?

https://archive.is/dSAR6#selection-5939.0-5943.3

The Shark is far from rolling with the management, I buck the system often when I don't think they are doing the right thing or see something incorrect... I have earned my Shark reputation

the information we have is a one way street with us providing input into the platform and the early access to the platform for testing... Ionomy operates on a policy that they do not release the dates of their milestones

re: the company existing or not.

Why are you ok with a guy from Texas "running" a company "in singapore" anyway?

... or you could just be a parrot if that makes you feel better

Ionomy is lucky to have you sharkie.

Thanks, I will do more homework on atoms being "securities" with the accountant... and if the company doesn't exist, I have a bigger problem....

You tell me if atoms are securities. I don't own any. Shouldn't you know what you own? I asked you if they are financial assets, or if they're tradable? Is there an expectation of profit associated with atoms? Do you know answers to those questions?

And yes, ionomy PTE doesn't exist. Try looking it up on Singapore business search. That's a separate issue though. You the one who brought up the ludicrous claim that law doesn't apply. It does.

You should talk to a lawyer. I'm serious. You don't seem to grasp what you're dealing with. Extremely bizarre considering the precedent with Garza.

Edit to your edit:


Doesn't follow. The definition of a security is far wider that that. Read up or talk to someone who knows these things.

so is atoms a securities or not? your the one that said Ionomy PTE doesn't exist???

so my statement is still true and valid: The definition of insider trading is "trading a public company's stock or other securities (such as bonds or stock options)", IONs, Electrons or Atoms are neither of these!

Singapore doesn't matter. The SEC regulates securities in the US, even ones issued by foreign entities. So the SEC would have the final word anyway.

And no, using a fake business is not an valid excuse to violate laws. I hope you were joking with that one.

so you know Singapore law and can confirm that atom are a securities? the only law posted here pertained to a US law governing hashlets...

but if U say this project is Paycon 2, that means Ionomy stakers  are Hashlets and they are not traded? Where is the inside trading?

and atoms are not securities in Singapore so the definition of insider trading does not apply

and if Ionomy doesn't exist, how can any law be violated?

What Singapore business? Ionomy PTE doesn't exist AND the SEC regulates any securities offered in the US anyway, no matter where the real or fictional company may be located. So your only remaining argument is that atoms are not securities, which you still haven't explained. Are they financial assets? Are they tradeable?

I don't think the SEC has jurisdiction over a Singapore business? lol