Topic: [ANN][NIM] - Nimiq - The Browser Based Blockchain - page 89. (Read 131288 times)

they never answer to these simple questions while the project is dead and will become bankrupt by end of this year....

They scammed us... and we were too stupid to believe them. They don't want to answer to these questions and they will never answer to these questions. I just hope they will answer to SEC or some prosecutes of the smart ways they diversified their ICO buying a 1.1 million dollar villa in Costa rica.....  

@normana SHUT THE FUCK UP. YOU ARE NOT ANSWERING ANY OF MY QUESTIONS.  I WANT CLEAR ANSWERS FROM NIMIQ TEAM regarding

1) HOW MUCH FUNDS DO THEY STILL HAVE FROM THE 12 MILLION ICO
2) ROBIN LEFT THE PROJECT OR IS IN A DRUG ABUSE CENTER. I WANT VIDEO FROM ROBIN WITH HIS RESEARCH
3) DID THEY BUY A FUCKING VILLA IN COSTA RICA  WORTH 1.1 MILLION
4) DOES THE IMPACT X FOUNDATION EXISTS AND WHO THE FUCK OWNS THE IMPACTX FOUNDATION AND HOW THE FUCK MANAGE THE FUNDS? I DIDN'T SEE ANY CHARITY SO FAR
5) DON'T FUCKING ANSWER WITH NONSENSE ANSWERS TO MY LEGIT QUESTIONS

They said the funds are from the ImpactX Foundation charity, implying that a) ImpactX Foundation owns the funds, b) ImpactX Foundation exists and c) they gave the funds to a charity as promised. Just applying logic here...


Why would they be interested in people buying other peoples coin, why would they mind? As mentioned above, they don't have a lot of NIM funds that could be sold and those NIM funds that they can technically move at this point have not been moved yet, so every person buying now would not buy from them but from someone else, so they don't earn anything from that.

And again: The last official statement regarding Robin, which was a week ago, is that he is still doing research for Nimiq. My guess would be that the initial research he was looking into was loose end (which is something that can totally happen in research) and he isn't willing to publicly state that without also announcing positive results.


The transparency report says they diversified 1.1 Mio USD into real estate investment. To the best of my knowledge there was no official announcement claiming they bought a villa in costa rica, so everybody saying this is spreading FUD.
In general diversifying into more than just currencies is a wise idea, as a financial crisis could easily diminish the value of fiat holdings. If you want to know how exactly this real estate investment works, what are the expected yearly dividends or increase in value or similar details, ask them in a polite fashion here or on Discord or on Telegram. I can't tell you these details, but I also am not an expert in real estate investments, so I just trust them to do something that makes sense (and I guess they are probably getting third-party advice as well before doing a 1 Mio investment).

Best trick to get proper answers is to ask proper questions - don't shout/caps at anyone, don't spread FUD - and you will notice how people start being friendly as well and you don't need to fear being banned. Not everyone is as patient as I am.

Does IMPACT X FOUNDATION EXISTS ?
WHO OWNS THE MONEY? RICHY, ROBIN.... WHO OWNS THE MONEY THE IMPACTX Foundation? 
why did they not give the money to charity as they promised in the ICO???


They are paying people to shill the project to make other people to buy their worthless coins. The action they do was revealed to me. They want for time to passed in order to tell us: "Guys we spent 12 million dollar and we delivered a blockchain project. This is it. Unfortunately we no longer have ICO money to do anything else".  Probably richy will post a medium post in mid of this year telling us that they will no longer have funds for the project to continue and team developers in btaches will leave the project. Just like Robin the founder of the project who left the project 8 months ago.


Of course I did read their transparency report with their financial statements. It states clearly that they invested 1.1 million USD into real estate. Namely they bought a VILLA in Costa Rica worth 1.1 million dollars. WHY DID THEY SPEND 1.1 MILLION DOLLAR FROM ICO MONEY TO BUY A FUCKING VILLA WE NEED CLARIFICATIONS WHAT DOES 1.1 million dollar real state means and if they bought a villa worth 1.1 million dollar with the ICO money?

1) This honestly makes no sense at all. Why would they still pay and hire new externals if they plan to do a scam, that would just be reducing their own earnings. Also please consider that at this point they actually provided the product they proposed in their whitepaper and ICO terms, which for sure costed them a lot of work. They would definitely the most ineffective and most stupid scam ever - or depending on the definition, not a scam at all if they provided what they proposed to provide...

2) Sorry, but this makes you sound like the most stupid ICO investor ever. Nimiq is one of the few projects to publish details about their financial situation in a transparency report (https://medium.com/nimiq-network/transparency-report-74d4d89933fe) and you apparently just didn't read it. That's like investing into stocks without looking at the fundamentals of the company behind. Seriously?

The details of premined coins have been outlined in the transparency report (https://medium.com/nimiq-network/transparency-report-74d4d89933fe). It was also the first time for me to read about the ImpactX Foundation, but that's fine for me because at that time they had zero usable funds, so no need to announce details at that time. From the report:
- Nimiq Foundation (2.5%): 525 Mio NIM, address NQ09 VF5Y 1PKV MRM4 5LE1 55KV P6R2 GXYJ XYQF, 26 Mio NIM unlocked as of today, no transactions yet (funds not used)
- ImpactX Foundation (2%): 420 Mio NIM, address NQ19 YG54 46TX EHGQ D2R2 V8XA JX84 UFG0 S0MC, 21 Mio NIM unlocked as of today, no transactions yet (funds not used)
- Creators, team and early contributors (2.5%): 525 Mio NIM across multiple address. Hard to track the details. Maybe something to improve for the next transparency report? @Team Nimiq

Also using my genious Google skills, I found Nimiq Stiftung, a non-profit foundation registered in Zug, Switzerland ("Crypto Valley"), the board seems to be half of Nimiq Team and half of externals, with Robin being the president of the foundation, see https://zg.chregister.ch/cr-portal/auszug/auszug.xhtml?uid=CHE-164.077.595&amt=ZG
Not sure if this is the mentioned Nimiq Foundation from the transparency report and I found no information on ImpactX Foundation, so again, would be nice to get some more information here to get rid of the FUD @Team Nimiq.


2) I only answer questions that have been answered before or can be answered by combining public information with math and logic, no inside information or anything alike, although I know two of the team members from their time before Nimiq (which also might be the reason why I can trust them and the project more than you do).
3) The question was already asked here a few days ago and got replies from the Team, so maybe just look back a few pages.

The sad part is that they call themselves the most Censorship Resistant Coin on the market. What Censorship Resistant while they ban the hell out of everybody who is joining and put just a few questions for clarifications. They also delete all unwanted users and messages from discord as well. Definitely it would remove for some this doubt that Robin exit scammed the project or that he got into a drug abuse center. A video of him explaining his 8 months hard working research and even source code would remove doubts of us. But you know? He will never show a video again for a few years. He disappeared just like Satoshi Nakamoto.... but here with 12.9 million dollar from the ico. SCAM

They pay the community members to shill out the project and administrate this scam to make it go a few more months on.


Oh my fucking good. Did they post that they bought a 1.1 million usd estate with the ICO money ??

I am an ICO investor and I need clarifications!!!

2) Maybe because he's the only one who have enough courage and motivation to fight againt this kind of obstinate people spreading FUD all day long.
He didn't give any information and didn't say he had some informations. Maybe he's just believing in the project, like me and a bunch of others.

3) I agree with you, it needs to be clarified.

1) I don't see your posts in the Telegram channel, I think the ban deleted them. Could you show them here?

I was a big fan of Nimiq but I'm getting very disappointed.

1) In Telegram I respectfully asked to clarify these questions but they blocked me. Why do you try to suppress the discussion?
2) Why is @normana answering all questions here? Looks like he has inside information. Is he a team member trying to hide his identity behind a pseudonym?
3) "Did Robin Linus exit scammed the project or did he get into a drug abuse center?" Why does Robin Linus not end this FUD with a simple video?

Please unblock me in Telegram! ( @coinfanatic )

1. How much cash do they still have ? Did they buy a 1.1 million dollar in Costa Rica YES OR NO.
2. The team PREMINED 7.5% of the entire work. PREMINED = funds that were not POW mined. They PREMINED it with a simple line of code. That is what premine means. I have never heard of ImpactX Foundation. Is there a link to their website? If not why does the team avoid to tell us the foundation details like registration number, city, address, etc... The first vesting of premined funds for charity and InpactX were already received. Why did they not send the funds to ImpactX and Charity ?? DO they keep for themselves

Regarding my argument that ROBIN LINUS has left the project either to drug abuse or to exit scam. Robin last activity was slightly before launching the project. After launching the main net he never posted anything..... he just disappeared from Planet Earth . Here is a proof, his medium activity

https://i.imgur.com/cJf4tlB.png

https://medium.com/@RobinLinus

His account did not have any kind of activity from  April 11. About 7 months ago. Did Robin Linus exit scammed the project or did he get into a drug abuse center

2) you ask for yes or no when it's not a yes/no question
6/7) It's not premined but vested, i.e. most of the funds can not be transferred yet and are locked on the blockchain (for up to 10 years according to their vesting schedule).
*) The funds are controlled by the two foundations board (ImpactX Foundation for charity purposed and Nimiq Foundation for Nimiq purposes). I guess those foundations are properly registered non-profits in Switzerland, so there is proper oversight through authorities.


As mentioned in your quote and confirmed through telegram, Arther will continue to work with Nimiq Team, he just will step back from the foundation board (that decides on funding as outlined above) to have more time for teaching, research and his own blockchain project.

I am really pissed off on nimiq now. I am 100% sure that nimiq is an ICO scam and they will scam-exit the project. Beside the fact that they hide everything like people, names, shares, foundation members, charity organization they premined 5%, how much money they gave themselves with who they work... etc. Signals for a scam. But today we have a BIG SIGNAL FOR SCAM. After Robin Linus (the founder of the project) left the project, today another nimiq contributior left the nimiq foundation....


“Arthur Gervais, an early contributor and friend to Nimiq, will be leaving the foundation’s board to fully focus on his role as the CEO of @liquiditynet and his academic work (together with #Nimiq). “

from nimiq news

Exactly my friend! We want some real clarifications from the team, and just the old BS telling us how great they are. They always try avoid to tell us proofs about their statements. This is exactly how every ICO is talking forgetting any real answers to the questions i have asked about:

1) Current Burning rate  per month is higher than 300,000 dollars?
2) How much cash do they still have from the 12 million dollar ico? YES OR NO.
3) Did they bought a 1.1 million dollar villa in Costa Rica
4) What happens when the "ico internet bubble" will bust, will the network be down due to the lack of scalability and expensive network infrasture.
5) Did Robin the founder of the project exit the project due to drugs addiction or he exit scammed the project. I want an answer from him. I didn't see him for over 6 months in this project.
6) They premined 2.5% to charity. Did they send the money to charity. Which charity. Please LIST and YES OR NO.
7) They premined 2.5% to FoundationX. Did you send it to the foundation? YES OR NO.

Who administrate the charity and foundation funds. The team nimiq or WHO?

i will receive it soon, thanks!

I see there are a lot of people here are debating about Nimiq, perhaps some people want to open up the truth, in part over again like to believe in the project. But the extent to which they argue even I don't see dev to clarify this. I think they need to clarify and transparent about what they are working on and what steps will you take on this situation.

If you invested 100 USD into Bitcoin a year ago, your investment is probably also worth about 16 dollars now. Is Bitcoin dead as well?


They did neither mention they bought a villa, not that they did anything in Costa Rica. All they wrote is that they diversified into real estate.


The project can not close. That's by nature in a decentralized network. The team is no longer necessary to run the network or blockchain.


Might be true, might be false. Still doesn't change a lot.



Can you please stop that "Robin (the main guy)" thing? The team repeatedly said that they are organized democratically and there is not a single main guy.


Somebody made accusations. There is no proof and part of his statements were shown to be wrong in the replies.


Who decides what is a valid advertising strategy with evangelists and what is paying shitcoin shillers? Not you.


Yes, please count them and list all of them by name here so I can verify your countings. Thanks.


You can easily add seed nodes, just as any other altcoin, through the configuration file. You only need a single node to be available to continue operating the network. They provide the seed nodes as an additional service.
Where did you get the hosting costs of the seed nodes from? The transparency report has a category for "Digital Operations, Equipment", which totals to $239k, which is less than $20k per month, but also includes software licenses, hardware costs and so on.

Yeah sure.. I can tell you only that your 100 bucks now is now worth 16 bucks.  I can bet on one grand that this project will get bankrupt before end of this year. Nimiq can never get widely used because it has scalability issues (worst than Bitcoin) (block size is 4 times smaller, processing functions are not native compiled in ASM ) so it will also allow less tx/s in production. Node and Rust as well is way slower than C. There is no utility, just a bunch of people who dream of lambos and moons

You continue to shit shit so when in 2019/20 Nimiq will ascend and show everyone its value, you will disappear from oblivion while we investors will be rich and happy.

When this happens, you will probably change nick and choose another coin / token to attack

1. ICO price was 1 ETH for 175 NET. ICO price was $1.30USD per 100NIM, it means ICO price for 1 NIM = 0,013 USD. Now the price of NIM is 0.000806. Do the math yourself. It is 16x times smaller than the ICO price. If you had invested 100, now your investment is worth 16 dollars. What a great deal!

2. They bought a 1.1 million dollar villa in Costa Rica. Read the fucking transparency report. It shows clearly that now they have a 1.1 million dollar villa describe as an asset. I don't think they bought the villa before the ICO.

https://i.imgur.com/O9NMPQ4.png

3. They spent over 5 million dollar in the first year. Probably in 2019 they will spend another 5 million dollars for the software development (RUST, design, etc...) and market study. By the end of the next year, the project will simply be bankrupt and close exactly like Beepool without any warning.

4. Their burning rate per month is higher than 250,000 usd because now it includes extra costs of traveling, more people in the team (they hired a bunch of newbies), marketing boat, etc. Probably for the moment, the burning rate per month is about $350,000.

5. Beepool and Philpool both closed this week due to lack of keeping the joke alive for too much. The project just became worthless and it is just keeping alive. Like internet bubble, there will be a day when we will read a medium post: "Unfortunately, due to the high cost of the project, we need to shutdown the nimiq network. But still the source will be available on GitHub"

6. Robin lost a lot of weight ( ~ 50kg ) and you can see this by comparing the last videos from April with the really videos. Also there is a huge change in the mindset of Robin and the way he is looking in the camera. Most of the people from the nimiq community believes that Robin lost weight due to the fact that Robin used to consume coke and eventually he became an crack addict. In Central America coke is definitely way cheaper than in other places. This is the simple reason why at the moment Robin (the main guy) is not present in  the videos and he lost a lot of weight

7. Somebody proved that the volume of NIM is totally fake. They either run a trading bot by themselves losing money or they paid an exchange to report fake volume to Coin Market Cap

Here is the finding of a user who posted the proof of the volume bot on reddit
https://i.redd.it/symin6g57wx11.png

https://www.reddit.com/r/Nimiq/comments/9wdkie/nimiq_fake_volume_trading_bot_was_detected_on/

8. Why they pay shillers at all? The team said in many times that they will never use the shitcoin shillers to shill

9. The active community is less than 30 people. Do you want me to count the active users in the last 30 days? Everybody else left the project for good. Including Robin the main guy

10. The killswitch are the seed nodes. If there wasn't any killswitch why in the world they have seed nodes and they keep them online. Moreover, a few months ago when they used to have problems with the seed nodes many of the users complied on discord that they couldn't use the safe wallet. By the way, the seed nodes cost more than $20,000 per month for the team to maintain it. Why it costs so much? Simply, the project is not salable and it will never be salable. Nimiq just transformed itself into an internet bubble that will pop this year, 2019