Topic: [ANN] SMAC - Accounts have been suspended project closed - page 60. (Read 65854 times)

11k. Lol!!!! 100's  of coins with genuine and talented developers have there coins half the prices of what yours is at. Moreover you have not proved anything. Tall talks and big dreams wont get you anywhere in the crypto scenario.

I'm still on the fence and may buy in on the last day or 2 and I suspect many others are in the same boat. These guys seem legit and this project seems legit too. That coming from a guy that has been scammed twice tells you something

I think using Bittrex as a place to have an ICO is a mistake - the fact that they allow people to make underpriced bids (when it is a fixed price ICO) just looks unprofessional.

Also Bittrex and other exchanges were the place that most of the scam coins/abandonware ICOs occurred and it's hard to dissociate from that taint.

Block trust or a custom website would have been better for credibility.

You could also have gone round attending conferences for a year talking about SMAC before allowing people to buy anything.  Seems that that is the way to get people to fund an ICO.

what other distribution model do you have in mind?

ICOs put people off because there have been so many scam ICOs. It might be more successful with a different distribution method.

Not much activity yet. Why, nobody interested?

Seems ico isnt running hard as well. Its finished the 25th right?

I will see what happens during last day of ico and follow this topic. Idea does sounds interesting to me..

ICO is like gamble, either your investment will pay off or you will lost due to your own stupidity, so better invest what you can afford to lose only

These things are always a gamble.  SMAC will probably fail as pretty much everything in crypto does. 

Anyone who thinks of buying cryptos as anything other than a form of gambling is deluding themselves. 

There is a tiny minuscule possibility that some crypto endeavour somewhere will succeed and SMAC seems to have a slightly higher possibility than your average shitcoin because it has a slightly different idea for building value/utility and a real team behind it.  I still hate the name though.

I trust that Boxxa would not involve himself in any scam and have no doubt that this is a genuine attempt at building something new.  It will probably still fail but I will hope for a positive outcome.

I would rather invest in this (for ethical reasons) than investing in the latest P&D schemes where the only way to make money is by ripping off more gullible and inexperienced buyers with insane ideas for growth - essentially the modified Ponzi scheme that 99% of projects since the end of 2013 have been.

So in summary:

Buy this:
- If you like to gamble and have the balls to accept its probable failure
- You like the idea
- You like to invest in reputable people (not 12 year olds looking to buy a new IPAD with their ill gotten gains)
- You don't enjoy feeding off the gullible
- To stick two fingers (yes 2 because I do it UK style) up to the MegaCorp Coins like Ripple that are designed purely to enrich those who are already privileged and their bottom feeding pets

Don't Buy This:
- If you got into a silly playground argument with one of the developers over your own coin and now want playground revenge
- You don't like gambling (- Why the hell are you in crypto?)
- You lost your balls in a previous gambling accident
- You really believe this will make you rich and want to invest your life savings, university/retirement funds, food for money or anything else that is really important
- You have one of those beards without a moustache (- that's not a beard that's a fake shell of annoyingness - a FEARD)

At least he's finally making sense?

So your idea of a "good coin" is one that has new algos which exist to solely profit miners rigs that have become obsolete? Also, new features once implemented and forked to other coins are there to just pump and help miners dump which we are against.

If you read the ANN, this coin is a asset and is not going to promote features that are not needed in the social advertisement industry which we are building into. Crypto is fine and just needs to be brought into the industry using the existing technologies which is what we are building. Sorry we are against hyped features to move price. We are not a day to day use coin and are not trying to be like the coins you listed which again, is why nothing has been mentioned about our algos and why our PoS is designed to incentive ICO buyers to hold the coins and profit off POS generation each month.

And by day to day, the coins assets are limited to 1,000,000 to start. You wouldn't go buy coffee with the token. We are not trying to replace Bitcoin. It is aimed to be used inside the social advertisement industry through our partnerships which is why we are not hyping new algos and features in a wallet that no one would use just to drive price action.

So here's where things get tricky.  As you go higher up the follower list, accounts' prices grow exponentially.  In the case of @tweetlikeagiri (1.2m followers), it is a brand as much as a twitter account so it's price is very high (~$300k).  Now on the other hand, a 200k follower account that isn't also a brand might be only worth $2k.  Most social media accounts are very underpriced.  Why would someone sell?  Most publishers (and the general public) don't realize the value of their accounts, simple as that.

Hopefully this helps answer your question, lmk if you need more clarification

I am sorry you feel that way.

what's the amount of coins in block 1? 10? 100?? 1000?? 10000?? and combined with 365% POS rate, are you kidding me? Clearly this coin is a crap, only stupid people will buy it.

There are this type of "ICO" coins, which I never seen a good one. And there are some good ones, to explore new algorithms with new features, such as SUP, MINT, SUPER, VIA, etc, at least they contribute to our understanding of how coins work.

another ICO crap...

Hi there !
I have made and monetized some twitter accounts in the past, and the point is, people sometimes sell their account for what less than it earns in one month !. Why? The answer is simple: They can't manage them anymore as they usually have several others, they can't find new content, or simply need the money now.

Ok, that doesn't make sense.

You said that an account with 1.2M followers should be worth around $300,000 in your own whitepaper.
So, assuming your own point of view, an account with 250k followers should be worth around $62,500
$62,500 is over 250 BTC at the time of writing. More than twice what you set for the maximum in your ICO. (So it wouldn't be possible to acquire that account)

Also, with a revenue of $66 per day , assuming it doesn't devaluate (which requires a lot of work), it would take over 31 months to make an ROI.

On another hand, if you COULD acquire that account with the money from the ICO for cheap like you say, $5k (20 BTC give or take), then why would that person sell that account to you if he/she can make $5,000 in just 2.5 months by itself? After all its already monetized.

Could you explain that?

$4-$5k

I wasn't able to get an answer from you in #coinmarkets so I'm just going to post it here. Simple question.

How much does it cost to acquire that account specifically?
Because if you can't answer that, the ROI can't be calculated and in the end that proof of revenue doesn't mean anything.

What if it cost $100,000 to acquire the account? It would take over 50 months to ROI at $66 dollars a day, assuming the profile doesn't devaluate.
This is just an example of course, thats why I'm really interested in your answer for that question.
 

To address concerns floating around, the ANN has been updated with example of a 200k follower account that has been monetized.

lol, man, thats all I have to say about my website coded from 0, see the source for this page http://www.geekkos.com/home/
Also, instead of talking about my project, shouldn't you be creating something else than just the whitepaper?