Yet, I am not under the impression that an investment (that you made yourself) of a whopping 175GBP or a loss (on an exchange rate of a very volatile BTC) of around 40GBP really justifies this kind of anger, or use of words like scam, stupid, crap, losers, fakers or burn in hell.
Why don't you take your White Western Affluent Privilege and demean somebody's complaint on the basis that the sum of money they are talking about is insignificant to you.
Oh, I see you already did, asshole.
@cryptodevil
If anyone is under the impression that I would endorse privileges based on money or culture, I do apologize. And I wish to stress that I said in my reply to user ‘nasirkhalid’, that:
if I was you, I would be mad too.
So, it was not the amount as such, that was crucial, but rather the force of the reply, particularly when taken into account, that the LEOcoin Foundation did neither sell this poster anything, nor did I advise him, nor does LEOcoin Foundation operate the LEOxChange. In fact, we are no part of the occurrences the user writes about. Already in my first reply on the initial complaint, I advised this poster to get in touch with the responsible persons.
But, having analysed my emotions that have prompted me to relativize the amount of money, I wish to ask something. Or rather - to make it less-personal, in order to avoid calling names (like all kind of holes and body parts that are so eagerly used during the civil exchange of rational people exerting their freedom of speech in this thread) – put a mechanism in the light of our attention: greed.
Asumed – that indeed a person decides to buy a small amount of LEOcoin – and loses around 40 bucks or so on a deal; we will agree that this can be a big amount for such a person. I already realized that and offered the user ‘nasirkhalid’ my sympathy, by saying I was sorry for him and by saying that I would be mad too. If it is however, your view, Cryptodevil, that this would render me a White Western Affluent Privilege .. demeaner. For me it simply means that I feel sorry for the user and that I can understand that it is not nice to lose money at all, irrespective of the amount involved. I do not want anyone to lose money on LEOcoin at all. I therefore, when speaking about LEOcoin in person, usually refrain from mentioning unrealistic price developments, as I understand very well, why most people are into digital currencies.
So back to greed. Is it not, that many persons in the world of digital currencies are involved, because of speculative motives? And, was not the user we talked about in for a similar reason? I simply wish to point out that when you act as a responsible person on your own behalf and invest your own money you worked for, you have to understand that speculative undertakings, are called speculative for a reason. Like we have seen with the person or group that made use of a legitimate function in the DAO. That person could easily have pointed out the loop in one of the forums, but instead it was decided to ‘catch’ DAO in worth of a couple of million dollars. This is the kind of greed, that I find problematic in the digital currency world. If DAO was shorted in addition, because the ‘attacker’ knew that the price would fall, this would even more underline the ‘greedy’ mind-set of our ‘constituency’.
I am certain, that, in the view of some here, someone like the LEOcoin Foundation is not entitled to speak about greed. In fact, Cryptodevil, I would not be surprised that you would delete me from this forum, if you could. But that would than be your praxis and your version of free and open communication. And no thanks for your negative ‘trust’ points and getting me a distrusted status. To be frankly, I find this abuse of your power. But as you are the self-proclaimed digital cop, it is as it is.
In a way, it is very funny to see in red “Warning: Trade with extreme caution!” standing below my username. It is funny, as it is a lie and a false claim by default, as the LEOcoin Foundation is prohibited to professionally trade or to dump LEOcoins by our own statues. We have opted for a ‘trading’ strategy of non-market interference, meaning that we as LEOcoin Foundation do not do any speculative trades. This also makes clear how futile the warning you provoked literally is, then,when there is no trading, there is also no reason to warn and to advise to trade with extreme caution.
And with regard to your new – just as unfounded – accusation of yours truly being a proponent of a “White Western Affluent Privilege’ view, I can tell you, that I will not take the bite or put on such a jacket. But I will address amounts, use of language, greed and false accusations – for as far as these are relevant to the ongoing discussion in this thread.
@all
Like all digital currencies, LEOcoin is depending on fiat and commitment and consensus. For that reason, LEOcoin Foundation lets others speak their mind, whether they endorse or reject LEOcoin and/or some of the people involved.
LEOcoin Foundation, by its very nature, does support LEOcoin. We also support the coming change to a sole PoS mechanism. We hope, we will grow in market capital and influence. That is what is expected to happen, but of course we cannot promise to happen. Any involvement with LEOcoin is at your own discretionary power. Read this thread and other sources of information and make your choice.
We are happy, to see, that the LEOcoin development team has made significant progress. And we hope that LEOcoin PoS will have a good start and bring us ahead. I hope quite a few of our readers will be part of our project and be happy and content, rather sooner as later.
For those, who are fountains of negativism, I do hope LEOcoin all proves you wrong, but if so, do not take it personally; LEOcoin was not created to annoy you, but rather to be amongst the leading digital currencies of the world. That is and will remain our goal.
