Damn I couldn't sleep just thinking how this could never work if you do this after the IPO. First of all, if you want to lose all association with yinyang, you need to get 45 BTC from the IPO in order to buy out the complete yinyang market as this is the onliest way to discard complete association. Meaning no yinyang has to be swapped after the IPO. Not only is this gonna be impossible to get, but how are you going to make the whole community trust you with ten-thousands of dollars worth of BTC from the IPO, if you have no real solid reason to not buy out the yinyang simultaneously ? Doing it afterwards is not going to get Harmony less associated with yinyang as when you do it before/simultaneously...
And as mentioned it's just IMPOSSIBLE to kill all associations, think of the remaining yinyang that still need to be available for the swap. Do you really want to make the harmony investors believe harmony and yinyang have nothing to do with each other only to let them find out eventually ? Or do you want to revive yinyang, make an end to that project succesfully FOR YOURSELF and start fresh with Harmony ? I seriously don't get why you're not choosing for my suggestion. Please don't kill the thrust you were slightly building up again for yet another time. You always stated you're doing this for us, the people who invested in YOUR yinyang. And you literally asked us to work as a community and implement ideas. So what's up with that ? You'll earn your big part from Harmony too if you follow my advise, i didn't leave you out on this, don't worry...
I'd suggest you let the community decide if you're still not convinced, since satisfying them will be the key in the succes of Harmony. saying you're gonna buy the yinyang market afterwards is just going in the shady zone again. I'm pretty sure my plan is rock-solid the way i set it up, if you adjust it like that you'll totally kill it..
I'm not sure what about your plan is not what we're doing. We will be buying simultaneously with the IPO. I will be spending my personal money to buy Yin/Yang back. I'm willing to do this because I believe long-term that HarmonyCoin will benefit me. I'm not the only person on Harmony though, we have a team of 4 main people. None of the have any association with Yin/Yang. This is why it should be a new coin and not associated with yin/yang.
I was refering to you saying you'd buy the yinyang
after the IPO before.
And lol what's all this panic from the community all of a sudden ? Don't you all realise you could prosecute nearly all altcoin creators for an endless amount of reasons ? Have none of you heard of "illegal insider trading" before ? It's mainly what every development team of an altcoin does. They hold way more non-public information and aren't always correctly announcing things, but instead sell/buy their own (or other) coins with private, non-public knowledge. If a dev/creator holds coins, but tells you he doesn't and says the community holds all coins for instance, and afterwards he sells these coins, he did this with: non-public knowledge. That itself could be a reason to sue already.
Insider trading is the trading of a public company's stock or other securities by individuals with access to non-public information
And yes, altcoins can be considered 'other securities' too.
Sections 16(b) and 10(b) of the Securities Exchange Act of 1934 directly and indirectly address insider trading. Congress enacted this act after the stock market crash of 1929. The United States is generally viewed as having the strictest laws against illegal insider trading, and makes the most serious efforts to enforce them. In the United Kingdom, the Financial Services and Markets Act, 2000 gives the UK's Financial Services Authority the responsibility to investigate and prosecute insider dealing, defined by The Criminal Justice Act 1993.
Insider trading is considered a criminal act in most countries around the world... tell me what altcoin team, consciously or not, doesn't do this ? Why on earth do you think the bitcoin developers aren't claiming to be the owners of their multibillion dollar invention ?
Most people (i'm talking in general, not altcoin related) get away with this without jailtime since they made such an enormous amount of money doing this, they can easily bail themselves out, even though it's a hallucinant fine they have to pay.
Don't fear though, no government is going to bother suing altcoins on their own initiative as it's already hard enough for them to investigate the real stock markets on this. And that's the market where they can claim big money if they find insider traders. Altcoins are worthless in their view. See it as downloading music, we continue doing it even though it's illegal. We relativize the risk of getting into trouble doing it and that's not too weird, how many times do you hear people getting sued for this ? Compared to the amount of people that don't get sued ? Yet now everybody panics because of one single sue complaint... No doubt Pol has heard about this news and, wherever necessary, will take action right away so they can continue their business without risking getting sued. Just be patient there's always a solution for these problems...