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Topic: [ANN] ION [ION] | POS 3.0 | Mobile Gaming | Join the ionomy today! - page 419. (Read 473126 times)

legendary
Activity: 1526
Merit: 1000
Phildo

What is there to disagree about? They said the first 2000 blocks would be Proof of Work with no reward. Block 1296 is one of many that has a 23 coin Proof of Stake reward. Is that an honest mistake? Was the first statement a lie? It's not an opinion it's a fact. Now, an opinion would be whether or not that's a big deal, and it may not be a b6ig deal, but it's still an issue. Your only hope for success is that they learned from the mistakes of paycoin, yet here we have the actual results not matching the promises that were given out before things started, and extra coins going into the hands of unknown people before everyone else gets a chance to get/stake any. Does that not sound familiar to you? are you really not worried about any of that?

Don't know the answer to this... don't think it's a mistake though. When you say 23 coin POS where are you getting the info from. I didn't think a block explorer was available yet.

If you had to guess, how many coins in total do you think were POS generated before block 2000. If I had to hazard a guess the POS coins were for testing, possibly to fund the electron element of a staker payout or to go into a bounty pot..... but like I said this is just a guess

If it's a real concern to you then you should visit slack and ask the question,

I'm not worried by this, I've been dealing with them for about a year with no problems. If you think there is a 1%+ chance of a scam then don't invest


BTW. Those images suchmoon is posting are taken from the Ionomy platform https://ionomy.com/. You'll need to sign up then you'll get access to those screens






I am not signing up for slack. I have barely even looked into this thing and seen enough red flags to stay away. They started this thread here, they're going to have to deal with the repercussions. The people inside the slack are either in on it or too brainwashed to see the light, just like the people in hasthalk and paycointalk and lendcointalk and all the other blablatalks where various stages of this saga have taken place. All I can do is point out the glaringly obvious problems that I can see from here, without even really trying, in hopes to keep other people out of the mess.

Here is block 1236
https://ionchain.com/block/73ce123f7b1fa011a1b4fb320fc7d10bad89dd0777e6a3efe5fe5c1b53b31311

Here is a transaction in that block that consists of nothing but a POS reward

https://ionchain.com/tx/8ba71247b921334e292050d72c1b508d5618c2c7866687361123fd00538bebfa

Now, the amount of coins generated via the POS rewards is trivial compared to the premine, but it still stands out as an issue to me. They said blocks 1-2000 would be POW. This is obviously not a true statement. There are two reasons that statement could be true. either they lied about 1-2000 being POW or there was a mistake in the code. You said you don't think it was a mistake, then it was a lie. Why lie about such a meaningless amount of coins? How many coins do they need for staking rewards? They had 2.5 million set aside at the start, plus all the coins allocated to the ICO that no one bought.

I am not signing up for slack because this is not really a major concern or me. I saw enough red flags from the original post in this thread to stop me from being invested. that isn't going to stop me from following along and asking the questions that I think would be important as we go along. If you have no problem with a coin that literally started with a lie/mistake (I would consider all the blocks pre-distribution of ICO coins the start) good for you, but I'm still going to point out the flaws that I see. Feel free to ignore them, but while you are sailing away on the glorious ship IONia keep your eye out for icebergs, because I feel like there will be a lot of them out there.

Paycoiners don't realize that the majority of the iceberg is below water, out of sight. They base their investment decisions based on the visible part of the iceberg, which usually entails fancy words and promises from nice people.

I see plenty of it above the water. The fact that people with actual money invested in these things can't see these things has always confused me when it comes to this forum.
legendary
Activity: 2100
Merit: 1042
HODL
Phildo

What is there to disagree about? They said the first 2000 blocks would be Proof of Work with no reward. Block 1296 is one of many that has a 23 coin Proof of Stake reward. Is that an honest mistake? Was the first statement a lie? It's not an opinion it's a fact. Now, an opinion would be whether or not that's a big deal, and it may not be a b6ig deal, but it's still an issue. Your only hope for success is that they learned from the mistakes of paycoin, yet here we have the actual results not matching the promises that were given out before things started, and extra coins going into the hands of unknown people before everyone else gets a chance to get/stake any. Does that not sound familiar to you? are you really not worried about any of that?

Don't know the answer to this... don't think it's a mistake though. When you say 23 coin POS where are you getting the info from. I didn't think a block explorer was available yet.

If you had to guess, how many coins in total do you think were POS generated before block 2000. If I had to hazard a guess the POS coins were for testing, possibly to fund the electron element of a staker payout or to go into a bounty pot..... but like I said this is just a guess

If it's a real concern to you then you should visit slack and ask the question,

I'm not worried by this, I've been dealing with them for about a year with no problems. If you think there is a 1%+ chance of a scam then don't invest


BTW. Those images suchmoon is posting are taken from the Ionomy platform https://ionomy.com/. You'll need to sign up then you'll get access to those screens






I am not signing up for slack. I have barely even looked into this thing and seen enough red flags to stay away. They started this thread here, they're going to have to deal with the repercussions. The people inside the slack are either in on it or too brainwashed to see the light, just like the people in hasthalk and paycointalk and lendcointalk and all the other blablatalks where various stages of this saga have taken place. All I can do is point out the glaringly obvious problems that I can see from here, without even really trying, in hopes to keep other people out of the mess.

Here is block 1236
https://ionchain.com/block/73ce123f7b1fa011a1b4fb320fc7d10bad89dd0777e6a3efe5fe5c1b53b31311

Here is a transaction in that block that consists of nothing but a POS reward

https://ionchain.com/tx/8ba71247b921334e292050d72c1b508d5618c2c7866687361123fd00538bebfa

Now, the amount of coins generated via the POS rewards is trivial compared to the premine, but it still stands out as an issue to me. They said blocks 1-2000 would be POW. This is obviously not a true statement. There are two reasons that statement could be true. either they lied about 1-2000 being POW or there was a mistake in the code. You said you don't think it was a mistake, then it was a lie. Why lie about such a meaningless amount of coins? How many coins do they need for staking rewards? They had 2.5 million set aside at the start, plus all the coins allocated to the ICO that no one bought.

I am not signing up for slack because this is not really a major concern or me. I saw enough red flags from the original post in this thread to stop me from being invested. that isn't going to stop me from following along and asking the questions that I think would be important as we go along. If you have no problem with a coin that literally started with a lie/mistake (I would consider all the blocks pre-distribution of ICO coins the start) good for you, but I'm still going to point out the flaws that I see. Feel free to ignore them, but while you are sailing away on the glorious ship IONia keep your eye out for icebergs, because I feel like there will be a lot of them out there.

Paycoiners don't realize that the majority of the iceberg is below water, out of sight. They base their investment decisions based on the visible part of the iceberg, which usually entails fancy words and promises from nice people.
legendary
Activity: 1526
Merit: 1000
Phildo

What is there to disagree about? They said the first 2000 blocks would be Proof of Work with no reward. Block 1296 is one of many that has a 23 coin Proof of Stake reward. Is that an honest mistake? Was the first statement a lie? It's not an opinion it's a fact. Now, an opinion would be whether or not that's a big deal, and it may not be a b6ig deal, but it's still an issue. Your only hope for success is that they learned from the mistakes of paycoin, yet here we have the actual results not matching the promises that were given out before things started, and extra coins going into the hands of unknown people before everyone else gets a chance to get/stake any. Does that not sound familiar to you? are you really not worried about any of that?

Don't know the answer to this... don't think it's a mistake though. When you say 23 coin POS where are you getting the info from. I didn't think a block explorer was available yet.

If you had to guess, how many coins in total do you think were POS generated before block 2000. If I had to hazard a guess the POS coins were for testing, possibly to fund the electron element of a staker payout or to go into a bounty pot..... but like I said this is just a guess

If it's a real concern to you then you should visit slack and ask the question,

I'm not worried by this, I've been dealing with them for about a year with no problems. If you think there is a 1%+ chance of a scam then don't invest


BTW. Those images suchmoon is posting are taken from the Ionomy platform https://ionomy.com/. You'll need to sign up then you'll get access to those screens






I am not signing up for slack. I have barely even looked into this thing and seen enough red flags to stay away. They started this thread here, they're going to have to deal with the repercussions. The people inside the slack are either in on it or too brainwashed to see the light, just like the people in hasthalk and paycointalk and lendcointalk and all the other blablatalks where various stages of this saga have taken place. All I can do is point out the glaringly obvious problems that I can see from here, without even really trying, in hopes to keep other people out of the mess.

Here is block 1236
https://ionchain.com/block/73ce123f7b1fa011a1b4fb320fc7d10bad89dd0777e6a3efe5fe5c1b53b31311

Here is a transaction in that block that consists of nothing but a POS reward

https://ionchain.com/tx/8ba71247b921334e292050d72c1b508d5618c2c7866687361123fd00538bebfa

Now, the amount of coins generated via the POS rewards is trivial compared to the premine, but it still stands out as an issue to me. They said blocks 1-2000 would be POW. This is obviously not a true statement. There are two reasons that statement could be true. either they lied about 1-2000 being POW or there was a mistake in the code. You said you don't think it was a mistake, then it was a lie. Why lie about such a meaningless amount of coins? How many coins do they need for staking rewards? They had 2.5 million set aside at the start, plus all the coins allocated to the ICO that no one bought.

I am not signing up for slack because this is not really a major concern or me. I saw enough red flags from the original post in this thread to stop me from being invested. that isn't going to stop me from following along and asking the questions that I think would be important as we go along. If you have no problem with a coin that literally started with a lie/mistake (I would consider all the blocks pre-distribution of ICO coins the start) good for you, but I'm still going to point out the flaws that I see. Feel free to ignore them, but while you are sailing away on the glorious ship IONia keep your eye out for icebergs, because I feel like there will be a lot of them out there.
legendary
Activity: 2100
Merit: 1042
HODL
It is pointless to pose questions in this thread. The team ignores them and let us speculate about them. Then they get pissed about the rampant speculation and send their members in to defend those speculations with aggressive words and strawman arguments. They will provide no transparency, no clarity and will try to obfuscate things as much as possible.

I'm not gonna ask anymore questions, the team won't answer them. I'm just here to watch things crash and burn. 500 members can't prop up the "Ionomy" for long. People aren't gonna be happy when their coins are with significantly less than ICO price. But then again, when the fearless leader questions why his used car doesn't retain value, well...enough said.
hero member
Activity: 742
Merit: 500
we will se if they publish it or not. There are always other ways to check it if they dont publish it, however, hiding it after raising this question from beginn on would be insane, but maybe you are right, I assume by time it will be sorted out.
legendary
Activity: 2100
Merit: 1042
HODL
If they would publish their sourcecode, then we could easily look up. I do not trust just "saying" because ionomy platform and exchange seems to be the same engine. I cant say he is 100% and I cant say he is not, I have no proof now.

Well they are not going to come out and verify it so I guess it's worth dropping.
hero member
Activity: 742
Merit: 500
If they would publish their sourcecode, then we could easily look up. I do not trust just "saying" because ionomy platform and exchange seems to be the same engine. I cant say he is 100% and I cant say he is not, I have no proof now.
legendary
Activity: 2100
Merit: 1042
HODL
im starting to understand why they banned you from paycoin talk. theres no end to this drivel across multiple threads

ps:
i guess they are building a custom explorer them selfs later. they should really pay Jason some dust for his work anyway and maybe set them up with payment gateway

Which drivel??? You seem to read every second line and post, please stay ontopic. Is Joe involved or not? What do you think and why?

No. Because Matlack said so. Simple enough.
hero member
Activity: 742
Merit: 500
im starting to understand why they banned you from paycoin talk. theres no end to this drivel across multiple threads

ps:
i guess they are building a custom explorer them selfs later. they should really pay Jason some dust for his work anyway and maybe set them up with payment gateway

Which drivel??? You seem to read every second line and post, please stay ontopic. Is Joe involved or not? What do you think and why?
legendary
Activity: 910
Merit: 1009
im starting to understand why they banned you from paycoin talk. theres no end to this drivel across multiple threads

ps:
i guess they are building a custom explorer them selfs later. they should really pay Jason some dust for his work anyway and maybe set them up with payment gateway
hero member
Activity: 742
Merit: 500
lol, why should I reply to such frustrated rude person who keeps staying pretty primitive all the time. Oh yes, I hate police and dont give a shit about police, neither you or any of your troll buddies

You shouldn't, that's the point I'm trying to make but it seems to take a while to get through your skull.

I thought the atoms were to boost your stakers i you didn't have enough coins for a master node? Why wouldn't someone with 100k ions need so many atoms?

My guess is those IONs are locked into stakers because they have been converted from XPY (so can't be withdrawn to make masternodes), and those atoms have been converted from XPYBits, which had a different purpose before xpy.io was rebranded into ionomy.

Also stakers "guarantee" a certain APY whereas masternode's revenue depends on how many other masternodes are on the network, although that's a whole other story.

I forgot about the xpybits to atom conversion. Now for super noob question, where are you getting that image from, do you have to log in to that site? Am I missing a link without logging in? For something that wants new investors the FAQ and stuff on the website without logging in is very lacking.

I had to register on ionomy.com, which is a fairly stupid procedure - they don't tell you they expect an e-mail confirmation so a made-up e-mail address won't work and one with an over-zealous spam filter won't work either because there is no way to request another confirmation e-mail. But I digress. It's much like Zencloud used to be with PNGs plus some extra jingly bits like the built-in exchange.


Shitting around and breaking stuff Smiley, what can you shit us about Joes involvement/NoInvolvement in ionomy?
legendary
Activity: 910
Merit: 1009
hero member
Activity: 1248
Merit: 583
Phildo

What is there to disagree about? They said the first 2000 blocks would be Proof of Work with no reward. Block 1296 is one of many that has a 23 coin Proof of Stake reward. Is that an honest mistake? Was the first statement a lie? It's not an opinion it's a fact. Now, an opinion would be whether or not that's a big deal, and it may not be a b6ig deal, but it's still an issue. Your only hope for success is that they learned from the mistakes of paycoin, yet here we have the actual results not matching the promises that were given out before things started, and extra coins going into the hands of unknown people before everyone else gets a chance to get/stake any. Does that not sound familiar to you? are you really not worried about any of that?

Don't know the answer to this... don't think it's a mistake though. When you say 23 coin POS where are you getting the info from. I didn't think a block explorer was available yet.

If you had to guess, how many coins in total do you think were POS generated before block 2000. If I had to hazard a guess the POS coins were for testing, possibly to fund the electron element of a staker payout or to go into a bounty pot..... but like I said this is just a guess

If it's a real concern to you then you should visit slack and ask the question,

I'm not worried by this, I've been dealing with them for about a year with no problems. If you think there is a 1%+ chance of a scam then don't invest


BTW. Those images suchmoon is posting are taken from the Ionomy platform https://ionomy.com/. You'll need to sign up then you'll get access to those screens




legendary
Activity: 1596
Merit: 1021
anyone else put any thought into how easy it is for someone with no business financial sense or dev on coin experience to get people to jump on their ship to sail or sink?

i mean satoshi discussed decimal requirements for coin supply etc Nd most pos coins have a reason for supply rates etc.

huey aka adam matlack seems to have just randomly pipped numbers out for rates. have customers ever wondered why they do what they do and the lack of transparency to every facet of their plan? i know i am.

^^^ this.  Let's see the maths.  Someone, with some sort of basic grasp of economics, must have had some say in how the coin supply works, otherwise...

Well, I suspect it'll turn to shite anyway.  But I'd still like to see the maths and logic behind it.

I went into slack on one of the first few days of the thread and asked to see the maths and research they used to set the ICO price as well as an economic viability study. Got the typical run around.

I think the calculations went along the lines of this: we have "X" amount of paycoiners that we need to make whole. The total lost by said paycoiners is "y". We need to price the coins at "$0.20" to give us the best chance of becoming whole. The project is about making paycoiners whole again. Matlack thinks that is being innovative in crypto.

Why not set the rate lower and do 1:1 with xpy....? Or an xpy staker transition where they get a higher rate for first 6 months... there is lots of possibilities. Setting price at 20c to make them whole makes no sense.

Lets start again too... if the focus is to make xpy bagholders whole what incentive is there to the other new investors if the focus is on fixing other peoples mistakes? You are then disadvantaging the new clients in preference to help old ones.

Adam matlack goes on about not being garza etc and others here say they made a poor investment but why is it new investors responsibilities to make people whole for their own stupid past investment decisions? Does this mean if i invest in a coin and fook it up bitcoin dev team should help me?

This mess of a coin gets worse and worse.
legendary
Activity: 2100
Merit: 1042
HODL
Dev bounty fund address, as some requested:
ih4X5nhzYVi6Nd4tcGX1qvtC47dzdThZV8

Serious question
Ask Adam if he's willing to pay out in Bitcoin?
The testers and coders I know only want Bitcoin to fix code.
Why don't you go ask yourself? Smiley

I don't see why he would not. How do you know this is not an option? You can trade ION on the market to BTC instantly anyway.

From my understanding, Github page will be update soom with specific information on bounties.

Are they not worried about the devs just instantly dumping their received ION bounty coins? I would venture to say this is exactly what would happen. A lot of devs wouldn't even touch it if they had to sell the coins. Would probably my lose too much value while dumping cause there is no volume. They will more than likely want BTC outright as they wont lose the value like dumping ION would.

I'm not convinced they thought this out properly. Not everyone in the crypto world is as thrilled about ION as the team and the couple hundred or so investors.
legendary
Activity: 2100
Merit: 1042
HODL
anyone else put any thought into how easy it is for someone with no business financial sense or dev on coin experience to get people to jump on their ship to sail or sink?

i mean satoshi discussed decimal requirements for coin supply etc Nd most pos coins have a reason for supply rates etc.

huey aka adam matlack seems to have just randomly pipped numbers out for rates. have customers ever wondered why they do what they do and the lack of transparency to every facet of their plan? i know i am.

^^^ this.  Let's see the maths.  Someone, with some sort of basic grasp of economics, must have had some say in how the coin supply works, otherwise...

Well, I suspect it'll turn to shite anyway.  But I'd still like to see the maths and logic behind it.

I went into slack on one of the first few days of the thread and asked to see the maths and research they used to set the ICO price as well as an economic viability study. Got the typical run around.

I think the calculations went along the lines of this: we have "X" amount of paycoiners that we need to make whole. The total lost by said paycoiners is "y". We need to price the coins at "$0.20" to give us the best chance of becoming whole. The project is about making paycoiners whole again. Matlack thinks that is being innovative in crypto.
full member
Activity: 925
Merit: 100
Dev bounty fund address, as some requested:
ih4X5nhzYVi6Nd4tcGX1qvtC47dzdThZV8

Serious question
Ask Adam if he's willing to pay out in Bitcoin?
The testers and coders I know only want Bitcoin to fix code.
Why don't you go ask yourself? Smiley

I don't see why he would not. How do you know this is not an option? You can trade ION on the market to BTC instantly anyway.

From my understanding, Github page will be update soom with specific information on bounties.
full member
Activity: 223
Merit: 100
anyone else put any thought into how easy it is for someone with no business financial sense or dev on coin experience to get people to jump on their ship to sail or sink?

i mean satoshi discussed decimal requirements for coin supply etc Nd most pos coins have a reason for supply rates etc.

huey aka adam matlack seems to have just randomly pipped numbers out for rates. have customers ever wondered why they do what they do and the lack of transparency to every facet of their plan? i know i am.

^^^ this.  Let's see the maths.  Someone, with some sort of basic grasp of economics, must have had some say in how the coin supply works, otherwise...

Well, I suspect it'll turn to shite anyway.  But I'd still like to see the maths and logic behind it.
legendary
Activity: 1596
Merit: 1021
anyone else put any thought into how easy it is for someone with no business financial sense or dev on coin experience to get people to jump on their ship to sail or sink?

i mean satoshi discussed decimal requirements for coin supply etc Nd most pos coins have a reason for supply rates etc.

huey aka adam matlack seems to have just randomly pipped numbers out for rates. have customers ever wondered why they do what they do and the lack of transparency to every facet of their plan? i know i am.
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