Topic: [ANN][XRC]RhinoCoin - A Decentralized Record Label - SKYHOOK - NEW WEBSITE - page 7. (Read 34847 times)

Just quit and restart, my mac wallet is in sync  :-)

If that doesn't work re-install

OSX wallet getting stuck at block 43102 (68%) ?

This is kind of a no-brainer. This isn't a shitcoin released on vapour-promises for a quick pump-and-dump. This is a niche offering to crowdfund ongoing equity investment with a recording studio in Montreal. If you were asked to buy equity in a similar venture using fiat-- and you probably wouldn't since you're concerned with US federal law risks with regard to foreign investment-- then obviously you wouldn't give it a second thought.

Stop comparing this to shares in a company and start comparing it to indiegogo, Kickstarter, etc. Initiatives on those sites aren't bound to deliver on their backer rewards, and that's the inherent risk you take supporting something you believe in. For certain types of crowdsourcing funding, the fundee receives the funds no matter how much of their target was pledged, and from that point on, they're free to do what they will, even if that includes wasting it and saying they tried. It's up to you to vet your investment in those cases, as it is with Rhinocoin, and decide for yourself if it's worth it to you to essentially donate to their cause and maybe receive equity returns.

i agree no escrow for that amount of btc is crazy. this looks alot like a scam to me also

WOW, first of all , You guys have a NEWBIE making an account requesting an IPO for such an "elaborate plan". No identity given, no personal information just a concept of this idea. 2nd a lot of 1 post newbz claiming interesting makes it even more suspicious. 3rd He doesnt want to use escrow.

This is funny as hell.

"Richard" your not the first one creating a crypto backed by "tangible" assets.

so why not offer escrow if it's so legitimate?

I went to the site, it's very basic.

Anyone with a simple web editor can put that up, even the host of the site offers tools for such basic templates

fail, try again

Vlad2Vlad - Yes, it is very similar to a real IPO on a real stock exchange. That is why, in the SEC's opinion, it would probably be illegal in the USA. The IPO is not so much about RhinoCoin, but about raising money for the company. RhinoCoin itself is not what people want, they are buying "profit shares" of the company. The fact that these profits are paid out only in RhinoCoin, not fiat currency (or even BTC) is the part of the law that has not been fully tested yet.

Other than that issue, on the surface at least this IPO looks 100 times better than almost all the other amateur or scammy looking IPOs that populate the cryptocurrency landscape.

As for getting listed on Nasdaq though, that is unlikely. A recent study said "Nearly 90 percent of the CFOs surveyed said their firms spent more than $1 million on one-time costs associated with the transaction. " And, another study said operating as a public company adds about $2.5 million, on average, to a company’s cost structure, with $1.5 million of that devoted to higher compensation for CEOs, CFOs, and others in the finance function, such as investor-relations professionals. That figure also covers increased board costs, as more than 80% of companies had either added new members to their boards or increased director compensation prior to their IPO.

That study includes companies with revenues as high as $4 billion, so of course Rhino would have a lot less expenses. But, it could easily cost them $500,000 for a real IPO, and another $500,000 year in extra expenses once they are public. Once they are public, I don't think they could have both the stock and the coin though, partially because that would be complicated, but mainly because there is no way it would ever comply with SEC laws. It is one thing to ignore the SEC and hope they don't notice you are care about what you are doing, but when you file for an IPO they scrutinize every little detail.

- Eric

This is definitely not a scam.  It's unfortunate, but with so many newly released atlcoins I am not surprised you feel this way.   If you go to  www.rhinocoin.org you can see the team behind the project, we are all real people.  The newbie account on bitcointalk was created so RhinoCoin would have it's own private account, as the community grows this will be important.

We have put a lot of time, effort and thought into this project.  I am unfamiliar with a "legitimate" bitcoin escrow service.  Instead of criticizing a project with a genuine goal trying to revolutionize the crypto space any detailed suggestions and/or solutions to the problems you see with the project will definitely be discussed and considered.  

RhinoCoin something new in the crypto world but it's also a modern approach at the music industry, giving the power back to people.  I see RhinoCoin XRC kick starting a new area of cryptos backed by tangible assets, real world products and sales while at the same time rewarding it's community and changing the space it is centered around.

Richard

Why not?

If it's really legitimate then they should offer a trusted escrow.

They release the promised product and escrow releases the funds.

Everyone wins.

Unless of course they are trying to scam people which it seems like.

Newbie accounts posting here in support + no escrow + some kind of obscure indie label =  SCAM

sorry, try again.

Impulse,

I think you're right.  I think Eric Voorhees had to pay some SEC fine recently for selling some IPO shares which were not approved by the SEC.

Interesting dilemma.  I wonder if they'd bother with a small unknown.