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Topic: [ANN][NIM] - Nimiq - The Browser Based Blockchain - page 90. (Read 131288 times)

jr. member
Activity: 155
Merit: 7
1. The team raised 12 million dollars during the ICO. That investment is -90% for all ICO investors.

The ICO was held in ETH and ETH is -60% since ICO. With their current holdings (according to numbers and projection from transparency report) they could buy give back all the ETH raised and still own some millions

2. They raised 12 million dollars, while the project market cap is only 2 million dollars, but instead they bought a 1.2 million dollar villa in Costa Rica. I didn't know that a villa in Costa Rica is more expensive than a villa in Las Vegas.

- The market cap below book value is an interesting thing and happens in stock markets as well. The general advice by most stock traders is to buy in these cases - but of course stocks work differently than crypto currencies.
- I have not read any message that they bought a villa in Costa Rica. Last thing I heard is that the place they're working from (and seen in the videos) is rented. Can you point me to the source of that information?

3. In one year for launching the project, they spent nearly 5 million dollars without doing any marketing. Pretty much they wash ICO money, steady, but surely. Doing marketing will burn all the money.

In the transparency report they claimed to still have about 12 Mio. USD in assets, which is about the same value of their ICO. This is a sign for a good and healthy diversification strategy.

4. They spent so much money on developers, while the developers best app is Nimipet a fucking joker game with 100 users daily.

I think the developer funds are needed to develop the platform, blockchain, technology... Nimiq is not a dapps platform, so it makes no sense to look into dapp success on the platform.

5. At the moment, the burning rate according to their previous report before starting the marketing is 250,000 dollars per month.

I don't know if the 250k figure already contains marketing expenses. Proper marketing is nothing that you turn on and get within an hour or days, it's something that takes months. So it could well be that marketing expenses were already included. In fact their transparency report states that 22% of their expenses were into marketing and community building.

6. A mining pool was closed due to financial troubles aka Philpool. Another mining pool is set to be closed tonight.

It needs a proper financial plan to run a mining pool. That is the same for other currencies. Try to start a bitcoin mining pool and tell me how much you earned vs. how much you paid after one year...

7. Robin (main guy) and founder of the project left the project about 7 months ago.
8. They keep lying that Robin is doing a secret top notch research, while he left the project.

You are claiming this over and over again although it was already stated to be false. If you can't provide any inside info nobody else has that proves your claim, shut it up.

9. The community is full of bots to make us believe that the community telegram is growing.
10. They use a trading bot to create fake volumes and set the market cap at fixed 2 million dollar.
11. Nimiq REAL VOLUME is less than ~ 10,000 dollars, the rest of it is FAKE VOLUME generated by trading bots.

Nice claims, can you prove them?
Also, what would be wrong if it is true that they buy back to hold the 2 milling dollar market cap? This gives safety to investors as they won't loose everything if they can always sell at a fixed price.

12. They paid shillers like Shay, the guy from Twitter to shill the shit out of nimiq.

First you complain about them not doing marketing and then you complain about them doing marketing. Also, you lack proof here again...

13. Except 30 people, the rest of the community left the project definitely with huge loses.

I am pretty sure I've seen more than 30 people in the community. I've seen more active users on Discord and the blockchain shows more than 6000 active accounts with a balance of more than 1000 NIM.

14. CPU mining only, while people started mining using GPU rigs for months!!!

Where does it say CPU mining only? I think they were outright honest that at some point there will be GPU miners or even ASICs. They just chose their algorithm in a way that makes them not 10 times more efficient. In fact, numbers from GPU miners suggest that their Hashrate/Watt is similar to good CPUs.

15. With their current stats they will become bankrupt. It will be exactly an "internet bubble" company and all nims will go to dust! They just need to press the killswitch

Technically, there is no killswitch. Most of the nodes running in the network are not hosted by the Nimiq Team. The fact that, due to their browser technology, every browser becomes a node in the network, results in it being pretty much impossible to turn off all nodes, because it is so incredibly easy and lightweight to start one.
newbie
Activity: 42
Merit: 0
NIMIQ is mined with GPU rigs and SkyPool (one pool) dominates 73% of the network. Philpool was closed last night  Embarrassed

https://i.imgur.com/KzJP5K8.png the hashrate distribution looks more and more like a coin that will die in 2019
newbie
Activity: 42
Merit: 0
Why Nimiq will 100% fail? The truth that is never told.

1. The team raised 12 million dollars during the ICO. That investment is -90% for all ICO investors.
2. They raised 12 million dollars, while the project market cap is only 2 million dollars, but instead they bought a 1.2 million dollar villa in Costa Rica. I didn't know that a villa in Costa Rica is more expensive than a villa in Las Vegas.
3. In one year for launching the project, they spent nearly 5 million dollars without doing any marketing. Pretty much they wash ICO money, steady, but surely. Doing marketing will burn all the money.
4. They spent so much money on developers, while the developers best app is Nimipet a fucking joker game with 100 users daily.
5. At the moment, the burning rate according to their previous report before starting the marketing is 250,000 dollars per month.
6. A mining pool was closed due to financial troubles aka Philpool. Another mining pool is set to be closed tonight.
7. Robin (main guy) and founder of the project left the project about 7 months ago.
8. They keep lying that Robin is doing a secret top notch research, while he left the project.
9. The community is full of bots to make us believe that the community telegram is growing.
10. They use a trading bot to create fake volumes and set the market cap at fixed 2 million dollar.
11. Nimiq REAL VOLUME is less than ~ 10,000 dollars, the rest of it is FAKE VOLUME generated by trading bots.
12. They paid shillers like Shay, the guy from Twitter to shill the shit out of nimiq.
13. Except 30 people, the rest of the community left the project definitely with huge loses.
14. CPU mining only, while people started mining using GPU rigs for months!!!
15. With their current stats they will become bankrupt. It will be exactly an "internet bubble" company and all nims will go to dust! They just need to press the killswitch
sr. member
Activity: 1022
Merit: 391
It 's incredible and absurd as any project here on the forum, sooner or later, will go through the fud phase, attack and derision by 1 or more users who "want to warn and save" us poor people.

I've been here in Bitcointalk for about 2 years and there is not a single project that I follow or have followed in the past that has not been attacked and accused of Scam.
Now it's time for Nimiq .... this will pass too Wink
legendary
Activity: 3108
Merit: 1531
yes
I am very thankful for people FUDding this thread, confirming that the project is right on track and becoming increasingly known to the public.

That 2019 may become a great Nimiq year.
member
Activity: 202
Merit: 11
...

Can you explain about Nano and Nimiq?

He is talking about ledger not the Nano blockchain


Thanks
newbie
Activity: 42
Merit: 0
another fail of nimiq "great tech". The nimiq was and mined by some time with GPU while there is support only for CPU. Here is some benchmark from some users.

1x RTX 2080 = 370KH/s
1x GTX 1080 = 222KH/s
1x GTX 1080TI = 332 kH/s
1x R9 290 = 200kH/s
1x GTX 1070 TI = 184KH/s

RTX 2080 Ti  ~510 kH/s
Titan XP - 400 kH/s
Titan V - 540 kH/s
Tesla P100  - 470 kHs
Tesla V100 - 740 kH/s
GTX 1060 3Gb - ~140kH/s
GTX 1060 6Gb - ~160

here is proof of the GPU miners who are mining this CPU only coin. Total fail

https://i.imgur.com/GA4S8jj.png

it'd only take around 400-500 webminers to compete with a single GPU


Can you explain about Nano and Nimiq?

He is talking about ledger not the Nano blockchain
member
Activity: 202
Merit: 11
Nimiq has potential. My Nano did not arrive yet Smiley

Please contact admin over Telegram to help you with that  Wink

Can you explain about Nano and Nimiq?
newbie
Activity: 42
Merit: 0

About NET end-of-life, we kept the activation process open far beyond its original schedule and even extended its grace period. You can learn more about it on this blog post: https://medium.com/nimiq-network/and-then-there-was-only-nim-962f43a53aad


I was talking about a kill switch. Like you killed NET, after you become bankrupt you will kill as well the NIM website, seed nodes and the entire network will become offline.


And about developers interested in the project, you just have to join the community to see how engaged and interested community developers are. You actually seem to be pretty interested in the project too  Wink


Oh boy. After investing in the ICO and having my investment -90%, I AM NOT INTERESTED INTO THIS SHITCOIN. I took my loses and I moved on.
jr. member
Activity: 251
Merit: 6
Yea sure. Thanks for comparing Bitcoin. Here is some statistics where anybody can see that nimiq is a dead project. No real developers are interested in this project, although they spend 2 million dollar to develop the software paying developers. Nimiq will die just like NET Nimiq Exchange Token. When they press the kill switch, NIM will go to dust. Just like when they pressed the kill switch on NET



Just be real, developers are not interested in this project. Nobody cares about this project and it doesn't have any impact on the crypto ecosystem.  There is no potential in nimiq. Eventually it will die.

About NET end-of-life, we kept the activation process open far beyond its original schedule and even extended its grace period. You can learn more about it on this blog post: https://medium.com/nimiq-network/and-then-there-was-only-nim-962f43a53aad

And about developers interested in the project, you just have to join the community to see how engaged and interested community developers are. You actually seem to be pretty interested in the project too  Wink
jr. member
Activity: 251
Merit: 6
Nimiq has potential. My Nano did not arrive yet Smiley

Please contact admin over Telegram to help you with that  Wink
newbie
Activity: 42
Merit: 0
Yea sure. Thanks for comparing Bitcoin. Here is some statistics where anybody can see that nimiq is a dead project. No real developers are interested in this project, although they spend 2 million dollar to develop the software paying developers. Nimiq will die just like NET Nimiq Exchange Token. When they press the kill switch, NIM will go to dust. Just like when they pressed the kill switch on NET

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

Just be real, developers are not interested in this project. Nobody cares about this project and it doesn't have any impact on the crypto ecosystem.  There is no potential in nimiq. Eventually it will die.
newbie
Activity: 133
Merit: 0
Nimiq has potential. My Nano did not arrive yet Smiley
jr. member
Activity: 155
Merit: 7
Still most of the repositories look dead and inactive from 54 repositories only 6 repositories look maintained last 30 days

You have a "typo" (you wouldn't do that deliberately, because then you would be the liar, right?) there, it's 16 (not 6) repositories with updates the last 30 days.

I just checked for you:
- https://github.com/bitcoin has 2 repositories with updates the last 30 days.
- https://github.com/dogecoin is only 1 active repository where the last update was 26 days ago.
- For https://github.com/ethereum it's actually 65 active repositories, so 4x as many activity with approximately more than 100x funding...

Seems like Nimiq repos are less dead and inactive then quiet some other top currencies - so based on this arguing, Nimiq should be Top-20 on CMC tomorrow and not dead...
newbie
Activity: 42
Merit: 0
https://i.imgur.com/EIWr4Et.png

Look at the screenshot and you can see that all repositories are almost dead from this project. No "community" commits

I guess you "just forgot" (you wouldn't do that deliberately, because then you would be the liar, right?) to take a screenshot of the https://github.com/nimiq GitHub organization that contains all the new code...

Still most of the repositories look dead and inactive https://i.imgur.com/utRyMk9.png from 54 repositories only 6 repositories look maintained last 30 days These are the facts. Don't dream what you want to dream. The community is doing a shit about this project.
jr. member
Activity: 155
Merit: 7


Look at the screenshot and you can see that all repositories are almost dead from this project. No "community" commits

I guess you "just forgot" (you wouldn't do that deliberately, because then you would be the liar, right?) to take a screenshot of the https://github.com/nimiq GitHub organization that contains all the new code...
newbie
Activity: 42
Merit: 0
The project is literally dead, and it will become bankrupt next year. You are saying that the code is being developed and a lot of new commits are coming. Robin is doing a neat secret research that nobody knows about, not even you. These are just lies This is a screenshot from github https://github.com/nimiq-network The community is not doing almost anything, and after the nimiq ico will get bankrupt nobody will ever continue the project, and the expensive nimiq seed servers that cost about 10,000 dollars per month, will be closed and the network will shut down for ever.   Angry

https://i.imgur.com/EIWr4Et.png

Look at the screenshot and you can see that all repositories are almost dead from this project. No "community" commits
jr. member
Activity: 251
Merit: 6
Definitely nobody will continue this project after it burns out all the money worth of 12 million dollars. All the ICO and all coins will go to dust.

You can only speak about you and not about everyone. I am here for the project and from what I can see in the Discord, there are quiet some others that do the same. Cryptocurrency projects can work without any funding - in fact Bitcoin development worked without funding for years.

Get real! Don't dream what you want to dream. The community did not do a god damn thing about the code. The protocol was development using 3 million dollars in funds by them. They did so well that Robin (main guy and developer as well) has left the project. They published in their report that they spend over 250,000 USD every month investing in coding, marketing and communities. The money they invest is the reason why there is some noise in the community. Otherwise nobody gives a cent about this project. Look at the github Except the team who was well paid with millions and millions of dollars (last year they spent 2-3 million dollars to write code), nobody else contributed in a significant way.

I think we need to get the facts right again.

1- Nimiq-core
The public repo for the Javascript Node: https://github.com/nimiq-network/core/graphs/contributors

32 contributors, 10 from the team and the rest from the community.
Seven open PR at the time of writing. Three of them from community members.
About Robin being the "main guy and developer", at least 3 community members have contributed as much as him. Not saying his contributions are not important, but your statement is not quite valid.

2- Nimiq core-rs
Rust implementation of the Nimiq Node. Released this month and already has one open PR from a community member.

3- Nimiq Apps https://nimiq.com/en/#apps
Nine Apps made by the Nimiq Team, 16 built by community developers.

I think your overall assessment of the community and the development of Nimiq shows a general lack of knowledge of open source project and software development.

If you have questions we are happy to answer them but so far you have been sharing nothing but factually wrong arguments.
newbie
Activity: 42
Merit: 0
Definitely nobody will continue this project after it burns out all the money worth of 12 million dollars. All the ICO and all coins will go to dust.

You can only speak about you and not about everyone. I am here for the project and from what I can see in the Discord, there are quiet some others that do the same. Cryptocurrency projects can work without any funding - in fact Bitcoin development worked without funding for years.

Get real! Don't dream what you want to dream. The community did not do a god damn thing about the code. The protocol was development using 3 million dollars in funds by them. They did so well that Robin (main guy and developer as well) has left the project. They published in their report that they spend over 250,000 USD every month investing in coding, marketing and communities. The money they invest is the reason why there is some noise in the community. Otherwise nobody gives a cent about this project. Look at the github https://i.imgur.com/jJgmjpP.png Except the team who was well paid with millions and millions of dollars (last year they spent 2-3 million dollars to write code), nobody else contributed in a significant way.
full member
Activity: 560
Merit: 100
Definitely nobody will continue this project after it burns out all the money worth of 12 million dollars. All the ICO and all coins will go to dust.

You can only speak about you and not about everyone. I am here for the project and from what I can see in the Discord, there are quiet some others that do the same. Cryptocurrency projects can work without any funding - in fact Bitcoin development worked without funding for years.
I love when there are many communities remain positive and supporting a project although it also there are a lot of people are ignoring it and assume that all will not run. We just have to give the dev time to work carefully to avoid any error occurs.
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