Topic: [ANN] ION [ION] | POS 3.0 | Mobile Gaming | Join the ionomy today! - page 463. (Read 473126 times)

Question: do you honestly believe that Adam Matlack was just another one of Josh Garza's innocent victims? Either he was complicit in Garza's scheme, in which case you shouldn't give him money, or (B), he's an inept, incompetent rube who was so blinded by $ signs that Garza waved in front of his face that he couldn't step back for a second to see that they were running an obvious ponzi scheme.

Either way, why would you willingly give this person your money?

Suchmoon

In answer to your questions

So what happened to the XPY.io debit card then? Smiley

Don't know and don't really care. The focus on gaming is for me is by an order of magnitude bigger than any benefit a debit card would bring. When I bought Bits I knew nothing about ION or the focus on gaming the Bits bought were to help fund the XPY platform of which the debit card was a key reason to buy.

Note if I didn't like the focus or direction I could just auction off my bits for BTC today and walk away with profit. Just like going into a shop buying something for $10 that wasn't what was adverted then going back and getting a $13 refund.

Or maybe a better question - how much time do you need to gauge if your investment in ION is a good one?

For me 4 years = potential for exponential growth I'm not selling my Atoms anytime soon

For example back in the XPY rebellion days I was asking when the XPY price is going to go up and was told that it's a slow process etc. Now a year and -95% later it turns out it wasn't meant to be.

I believe the final nail in the XPY coffin is with the XPY Devs and their however many million coins they acquired when they rebelled. Add to this  Crapsty, BTClend, stupid inflation levels you have the perfect shit storm. The moment there was any uplift in price bang a dump to a slightly lower level as a stream of coins were slowly being dumped

Plus it didn't help that at a fundamental level XPY is a broken coin fueled with coin making machines that added no value but coin production. Broken prime controllers, broken micro primes didn't exactly help the price either.

The beauty of hind sight shows XPY.io didn't stand a chance but at least they tried

So what's it gonna be this time? Will it take a year? Less? More? There is not much in the way of a proper roadmap (no dates after step 2: https://ionomy.com/about/roadmap ) so I'm wondering how you'll judge their performance.

Don't know they're the ones with a roadmap. Ultimately I judge their performance based on my dealings with them over the past year.

Not a team member, but I can think of 2 ways that "electrifying" the stakers can work based on the previous incarnations of this and similar scams.

Via the blockchain, certain addresses/wallets/keys (not sure what the right technical term is, don't care) can be coded into the coin to stake at higher rates than others. They did this with xpy with the prime controllers and various other levels of bullshit coin staking.

They can also do it off chain, by using 1 address as above, or pooling all the coins together to generate more staked coins and they can distribute them to the people as they go along (like they distributed the coins "mined" by hashlets.

Or they can just distribute the coins they give themselves in the pre-mine or ico or whatever.

Not sure if/how they can code those addresses from step 1 to stop after they "run out of electricity" or whatever horseshit they come up with, but that is way too many steps down the rabbit hole of horseshit for me to figure out, but I have seen ways for them to "electrify" the stakers. None that I would dream of participating in but it can be done.

They were never going to come over here and talk. This thread served it's exact purpose. They can stay in whatever gaw-tard bubble they are currently hanging out in today (now that all the others have closed) as point to us as bullies trying to FUD their coin to death, just like we did to their precious hashlets and GAW.

It's known over there that if we would have just been "nice" to them that the hashlets would have magically sprung into existence and amazon and target would have been on board and the rules of logic and finance would have changed to make the $20 floor make some semblance of sense.

Now we are doing the same thing to ION, but they are too smart to fall for our shit and as long as they stay in their safe space they (the people conning the marks, anyway) will be fine.

The people asking the questions are too smart to fall for this shit. The people dumb enough to fall for all the other shit in this section of the forum and/or follow them to their lair are going to lose their money no matter what.

So what happened to the XPY.io debit card then?

Or maybe a better question - how much time do you need to gauge if your investment in ION is a good one?

For example back in the XPY rebellion days I was asking when the XPY price is going to go up and was told that it's a slow process etc. Now a year and -95% later it turns out it wasn't meant to be.

So what's it gonna be this time? Will it take a year? Less? More? There is not much in the way of a proper roadmap (no dates after step 2: https://ionomy.com/about/roadmap ) so I'm wondering how you'll judge their performance.

suchmoon

Oh okay a funny tweet..... humor is so subjective. I didn't get the joke and thought it was just another cheap shot of which this thread has a few.

I respect your opinion of not very legit I totally disagree.

You see with Garza I broke a cardinal rule in business that has always served me well.

Intent is based on what people & companies do not what they say

This forum helped me figure out that Garza was full of shit, an unprincipled narcissist that did not care about anything apart from himself. This forum made me see reality saving me a painful amount of money. For that I'll be forever thankful.......... I still cannot believe I was on the verge of buying a prime controller..... so many red flags

XPY.io & Adam are different...... I've been following them for a year now. In that time they've had plenty of opportunity to say one thing but do another.... they haven't.

Plus what they have delivered has been quality. Checkout the ionomy dashboard on a PC, tablet or phone it's a solid piece of coding. This didn't happen overnight.

Maybe the reason they haven't posted is because they are busy knowing that if they deliver people will come irrelevant of this forums sentiments.



   

Hi. Welcome to your thread. Feel free to answer questions. Thanks.

Sometimes a funny tweet is just a funny tweet. If you care about motivations you should try to figure out why a presumably legit project would go to such lengths to look like... uhmmm... not very legit?

It's not like it costs a lot of time or money to answer most of the questions asked.

I mean it's good for you that you feel comfortable trusting people just because they say so but that doesn't mean everyone is supposed to do the same lest be called "full of shit". Your endorsement of a team who kept clinging onto XPY while it declined 95%+ is a fairly good example of how trust doesn't work here.

suchmoon

People should care about peoples motivation to post...............

You'll see that I've been on this forum since September 29, 2013 this being my first post..... the Garza tweet being the turd that pushed me over the edge

Did Garza hurt me YEP could have been a lot worse.

Did this forum save my ass YEP.... got out before the shit well and truly hit the fan. This forum opened my eyes so only my pride with a little bit of cash was hurt.

Still stayed with XPY though as the ION/XPY.io team had honorable intentions doing their best to save the coin.

The XPY dev team (totally different) though did the bare minimum milking XPY so every small increase in the coins value was over the months just dumped away proving that XPY is just rotten. 

Do I think ION is a scam NO

Do I think the ION team are crooks NO

Am I invested in ION YEP

Do I want people to invest in this ico Up To Them

Am I complaining Nope I'm just stating this thread is full of shit eg. Garza tweet

Will I ever learn to use this forums software Nope



 

I agree in some parts and i commend you for at least reading here and considering the valid questions and being aware that they aren't being addressed. I encourage you to think very carefully about any investing considering they haven't answered.

I disagree about giving the ico a chance on faith. The ico has to prove itself to get people in... they are doing nothing to prove anything of the coin. Questions are left answered... im starting to strongly think they are aware we have them on masternodes and other things and are refusing to comment or answer questions as its on the record. The want to do it make the $$$ then later say we never stated we weren't doing this or that.

I think its time i post this again as its some questions and statements without the full of shit factor you mention. You'll surely appreciate this breath of fresh air as its a real post with info that should be considered. Maybe you can make another new account to respond to it.

Lets play stats since i like to number crunch a little to help me decide things.

Lets start with some knowns that were stated in announcement and whitepaper

BTC price @ $450
$1.00 in satoshi is 0.00222222
0.20c in satoshi is 0.00044444
0.10c in satoshi is 0.00022222

Ion

Blocks (1440 per day)
- 1 min blocks (60 blocks an hour)
- 1440 blocks per day (24 x 60)

Masternodes
- 50% of block reward
- 1st year is 11.5 per block
- a masternode costs 20,000 ion which is locked whilst in masternode.

Rewards per block
- year 1 --> 23 per block (really 11.5 as 11.5 goes to masternode owner)
- year 2 --> 17 per block (really 8.5 as 8.5 goes to masternode owner)

Premine (10.9 million all up)
- 3.4 million to incentives and give aways
- 2.5 million to bounties and coin development
- 5.0 million to ico customers

Prices
- ico price starting 20c going to 25c
- xpy swap equiv 8:1 around 8c

NOW for the unknown questions
--------------------
- since they are their escrow and haven't detailed how funds are released who is paid and paid what and how often. For all we know the could be their own devs paying themselves "until a decent one is found or whatever". They could pay themselves x to do the clone and change or pay a coin server to make it for a low price x and pay themselves a management fee or whatever.

- Funds haven't been deemed to be in a locked state not used for any other purpose in the meantime so we have to assume that they "can" be.

Ok lets get cracking.....

total premine - estimated deducted
10.9m - 1.25m (xpy swap) - 1.5m (potential sold due to $300,000 figure mentioned @ 20c)
= 8,150,000 ion coins sitting around

lets turn this all into masternodes (to secure the network of course)
8,150,000 / 20,000
= 407.5 masternodes... so lets round this down to 400 masternodes for a nice round calculation remember we are dealing with unknown potentials so lets keep it rough.

OK now lets see what the masternodes make per day. If 1 masternode secured all the transactions then
day value = 1440 blocks * 50% block reward
= 1440 * 11.5
= 16,560 ion generated.

Now the only competing masternodes ARE those that ico bought not xpy swapped (these are locked in 6,9,12 stakers and i'm sure they aren't removable as why would you let customers compete with your sales?).

So customer masternodes assuming 1 person purchased ALL ico (remember being rough so we can get max masternodes customers could have)
1,500,000 / 20,000
= 75

So all up we have 400 company nodes and 75 customer nodes..
company percent = 400 / 475 * 100 = 84.21% approx.. lets round this down to 84%
customer percent = 75 / 475 * 100 = 15.78% approx... lets round this up to 16% so we get a nice 100% combined.

so... 16,500 ion a day in masternodes
company = 16500 * 0.84 = 13,860 (or another masternode every 2 days to increase their percent)
customer = 16500 * 0.16 = 2640 (or a masternode every 8 days to increase their percent comapny is faster)

OK apologies for the length but we are getting there...
- Nobody sells for less than they buy unless its out of fear which is usually after time to transfer assets if unhappy or drops in price in panic
- stakers are all locked in so they have to wait
- most want to stake to return price and make profit
- only those that don't pay for their coins will sell at any price (company)
- company could masternode profit with the capital before use.

So in 9 months there is restricted market competition as long as someone with free coins sold less than those with paid.
Ignore the 8c xpy conversion ones as those are locked... therefore the minimum fear sell value is 20c (or less again if you have free)

Lets assume 20c a coin it stays at max and 5c at min.
If all masternode coins were sold at a point or over time you'd make (ignoring coins made from daily node rewards)
@ 20c --> 8,150,000 * 0.20 = $1,630,000
@ 5c --> 8,150,000 * 0.05 = $407,500

Node profits "per day" if they don't sell any masternodes ... from before
company - 13,860 * 0.20 = $2772 max (6.16btc) and 13,860 * 0.05 = $693 min
customer - 2,640 * 0.20 = $528 max and 2640 * 0.05 = $132 min

therefore you can make in 9 months (270 days)
$2772 * 270 = $748,440 with no real competition then sell masternodes back OR you can make some more nodes sell some as cash.

to buy a masternode is 20,000 x $0.20 or $4000 ... days to break even on it are crazy if you are competing with the above and have 1.. your percent decreases each day as the highers earn more and more to create more masternodes.

Remember only 3 peoples names are on whitepaper.. does that mean the above is split between 3? Who knows there is no full list of the staff and what each does... we only know Richard Nelson = Support Director. Adam Matlack - white paper writer... no other declared role but has involvement.

Closing remarks
-------------------
Does everyone now see how important transparency is? Simple things like tracking addresses and keeping people honest and doing calcs for some due dilligence show you how potentially bad your investment could be. Don't take this as investment advice do the figures yourself and make your mind up but personally with comments like
- we can't trust third parties to hold coins they could run
- refusing to provide info and respond to questions

Can lead to the above scenario of pain. The only people with nothing to lose are those with free premines. Those who spend have to at least make what they buy for with price.

You might say BUT BUT BUT the coin will go up. Well thats great but remember
- preminers have more coins than you to exhaust so can reduce that price.
- pumps can happen by others but again they can sell.

There so data... take it to bits look at it contest it etc.

@MrCoins i assume you did the above and can explain why in your opinion and case it seemed to you to be worth risking with little to no info other than whitepaper.
Be aware this is public info on their site and this topic 1st post so anything others know that isn't available to all buyers i guess is inside information and maybe insider trading?

Comments thoughts etc? Sorry for the long ass post but had to put it all together... this gives people a point to look at AND DEMAND addresses premine burn etc are all public. Garza's stand was we aren't giving it to people just because they don't believe us... those that agreed were fooled once.. time to not be fooled again.

Because when a team member for a project posts one should believe everything never ask questions unless they are nice ones or posts relating to omg i can't wait you guys are going to be awesome?

You are dellusional and live in a world of rainbows and unicorns... this world also is one where you have to make new sock puppet accounts to post. Tell me is there a script to make a new account or does one have to be burdened with making new email addresses, registering and then confirming said account before a post. A fair bit of effort to post something nobody will take serious with the 1 post count.

Nope. I just rode the waves.

Except nobody cares about the "agenda the person posting wants". People asking questions don't collect money on flimsy promises.

It also doesn't help that this kind of tone complaint is one of the most popular logical fallacies employed by crypto crooks of all sorts, from Garza to Wright.


You "made less loss" while XPY declined from ~0.0030 BTC to below 0.0001 BTC between March 2015 - March 2016? Did you short it?

I partly agree with you. But I also think that they should have at least tryed to answer the legit questions.
Between the garbage there are really some good and important questions that deserve answers. I don't blame people that they don't trust this ico without these questions answered.
I do blame people that are shouting a lot of fud without giving this ico the chance to prove itself just because there ought to be a connection with xpy and not caring whether that connection was positive or negative.
Yes xpy turned out to be a scam. But that was on Garza's name. I personally made less loss because of some people trying to keep xpy alive for so long. Don't blame them that they eventually abandoned it and try to make something of ion.

And this is why 95% of this website is full of shit.... and you wonder why the devs don't respond... would you when you know that everything you post is going to be twisted into whatever agenda the person posting wants.... this place is toxic

LOLZ:

Don't worry, I sure all of this awesome stuff they are promising will be ready SOON^TM. Probably in like two weeks or so.

Wait, where have I heard that before...?

I don't really think they have much to say right now, nothing is ready yet, no blockchain, no wallet, no coin, no games.

Once stuff is being released, i am sure we will see more activity in this thread from ION team.

Yes, I am glad we agree, it is important that ion team answers questions and not somebody else. Who of us does not understand why Adam and his team do not come over to talk? You guys need to give them a breath so that they come over talk with us.