How many more assets are you planning to release Crowetic?
It doesn’t make sense imho to keep releasing one asset after another without actually looking at whether the assets that you have released in the past are actually benefiting the asset holders (apart from the usual I am gonna pay out a bonus BS). It would be nice if you could actually take a step back and publish some sort "financial details", so far your main selling point seems to be "trust me I am crowetic, invest with confidence"
I am sorry to break it to you but many people myself included are in crypto because of the decentralised and trustless nature of it.
I took a quick look at few of the assets you run and it wasn’t a pretty sight so I am quite intrigued to find out what gives you such a high level of confidence in that you are a “ successful asset” owner and operator.
Byteent: the most that you can return to investors over the next 10-12 years is 2,410,803 burstcoins (based on a pool fee of 2% and 25% of the network) and the current market cap of the asset is 70,000,000 burstcoins
Bsilver: is beyond dishonest in my opinion, it currently has a market cap of 100,000,000 burstcoins, you are telling your investors that they can claim 1000 assets for 1oz of silver, using the current prices that works out to be around 100*1000*0.00000058 * $905 (coindesk BPI) = $52
1oz of XAG with 20% premium currently costs $20
The other thing that bewilders me about this asset is that every sane and insane person in crypto expects that bitcoin, burstcoin et al will outperform all precious metals and more so when you are valuing your silver at $52 given that the all time high was actually less than $50, isn’t that funny
Burstaker: has a market cap of around 60,000,000 burstcoins, this asset is quite astonishing for mainly 2 reasons, the first one is actually the quality of the coins you chose to stake, Viral and DMD, both coins have been on the bittrex removal list quite few times, they have negligible amounts of volume on average. And secondly who in their right mind would sell burstcoin for those two. The cynic in me tells me that you were bagholding both and you couldn’t sell so you decided to dump your dead bags for an asset and take the more liquid burstcoin from a trusting community.
I won’t get into your worldmine asset as I want to give you the benefit of the doubt
There are other sorts of behaviour that I think are quite dishonest too, trading your own assets and also transferring quite big amounts to people without actually going through the asset exchange nor announcing the sales on forums for the sake of transparency, never talking about actually how you would go about liquidating these assets and what % of burstcoins will go back to the asset holders, how much of the assets' burstcoins you have sold, and what price and not adhering to Haich's list of asset issuance requirements .....etc
I believe that you have done quite a lot for burstcoin and I am pretty sure that you have done quite well with it too
I like the idea of the asset exchange but I honestly believe that it is in a huge bubble and ultimately the bubble will burst (no pun intended) and when it does it will be the small shareholders who will suffer the most and my fear is that burstcoin will suffer as a result of that just like what happened with dogecoin and Moolah aka Ryan Kennedy.
Unfortunately the exponential rise in price in september has attracted a lot of bad characters so my humble advice to my fellow burstcoin holders is do your due diligence, don’t get caught in the hype. Invest your burstcoin in projects that bring added value to the coin and there are few good examples such as burstize and burst casino and few others.
Best of luck to you all and happy new year
Interesting opinions. Can I ask how much BURST you own (roughly if you care to share)? Are you mining? Have you invested in any assets?
Just trying to get an idea of your actual involvement in BURST.
