Can you trust ICONOMI if ICONOMI depends on ETH?

thejaytiesto

legendary

Activity: 1358

Merit: 1014

Quote from: Spoetnik on January 22, 2017, 01:41:15 AM

Quote from: densuj on January 22, 2017, 01:19:29 AM

Quote from: Spoetnik on January 21, 2017, 08:44:29 AM

@densuj
NO, the problem is you all are trying to pretend that crowd-funding (an ICO) is a legit way for you take make money off of.

It's not.

It never will be unless it's regulated.. *maybe.

Until then the little idiotic profiteer scammy circle-jerk of scheme coins continues.
..for profit.

PS:
This is the Altcoin section assholes ..NOT the alternative Pyramid scheme token section.
Grow the fuck up scammy bastards.

Actually i agree with but i don't agree with that i am trying to pretend an ICO is legit way for making profit,
there are no legit way for making profit on digital currencies everything there are risk must be taken.
All of peoples are know about it, so everything depend on the users what will doing.

I think i just finished saying what you just said on the Maidsafe topic.
Outlining risk is one thing.. but i hope to probe the dev teams to be accountable.
If we do not keep their feet to the fire they are not going to volunteer much info to us.
And not all users grasp the risk involved.
They think they see it working now so it will be later.
It must be ok because we are doing it right ?

And ideology comes into play here too !

People play the "Use due diligence" card here a lot over the years.
Problem is you can't really when the game is crooked & rigged badly.

So are you holding any ICN's? What do you think of this project? Im not sure yet if I want to get involved in this at all. I mean it may go to 1 dollar, or may crash because devs run with the money. What is stopping devs from running with the money anyway? we have seen it a million times before.

Just in case I end up buying some: What is the best wallet to hold the coins and get the dividends paid, and also how to calculate how many dividends are you going to get paid?

densuj

legendary

Activity: 910

Merit: 1000

Quote from: Spoetnik on January 22, 2017, 01:41:15 AM

Quote from: densuj on January 22, 2017, 01:19:29 AM

Quote from: Spoetnik on January 21, 2017, 08:44:29 AM

@densuj
NO, the problem is you all are trying to pretend that crowd-funding (an ICO) is a legit way for you take make money off of.

It's not.

It never will be unless it's regulated.. *maybe.

Until then the little idiotic profiteer scammy circle-jerk of scheme coins continues.
..for profit.

PS:
This is the Altcoin section assholes ..NOT the alternative Pyramid scheme token section.
Grow the fuck up scammy bastards.

Actually i agree with but i don't agree with that i am trying to pretend an ICO is legit way for making profit,
there are no legit way for making profit on digital currencies everything there are risk must be taken.
All of peoples are know about it, so everything depend on the users what will doing.

I think i just finished saying what you just said on the Maidsafe topic.
Outlining risk is one thing.. but i hope to probe the dev teams to be accountable.
If we do not keep their feet to the fire they are not going to volunteer much info to us.
And not all users grasp the risk involved.
They think they see it working now so it will be later.
It must be ok because we are doing it right ?

And ideology comes into play here too !

People play the "Use due diligence" card here a lot over the years.
Problem is you can't really when the game is crooked & rigged badly.

Yes you are right, the developers team must be accountable for what they have done,
but the other problem i don't have any ideas to probe the developers team.
There are no rules about it do you have any ideas? For making better digital coins,
Which are the maidsafe topic? i am sorry i don't see it. Thanks Spoetnik

Spoetnik

legendary

Activity: 1540

Merit: 1011

FUD Philanthropist™

Quote from: densuj on January 22, 2017, 01:19:29 AM

Quote from: Spoetnik on January 21, 2017, 08:44:29 AM

@densuj
NO, the problem is you all are trying to pretend that crowd-funding (an ICO) is a legit way for you take make money off of.

It's not.

It never will be unless it's regulated.. *maybe.

Until then the little idiotic profiteer scammy circle-jerk of scheme coins continues.
..for profit.

PS:
This is the Altcoin section assholes ..NOT the alternative Pyramid scheme token section.
Grow the fuck up scammy bastards.

Actually i agree with but i don't agree with that i am trying to pretend an ICO is legit way for making profit,
there are no legit way for making profit on digital currencies everything there are risk must be taken.
All of peoples are know about it, so everything depend on the users what will doing.

I think i just finished saying what you just said on the Maidsafe topic.
Outlining risk is one thing.. but i hope to probe the dev teams to be accountable.
If we do not keep their feet to the fire they are not going to volunteer much info to us.
And not all users grasp the risk involved.
They think they see it working now so it will be later.
It must be ok because we are doing it right ?

And ideology comes into play here too !

People play the "Use due diligence" card here a lot over the years.
Problem is you can't really when the game is crooked & rigged badly.

densuj

legendary

Activity: 910

Merit: 1000

Quote from: Spoetnik on January 21, 2017, 08:44:29 AM

@densuj
NO, the problem is you all are trying to pretend that crowd-funding (an ICO) is a legit way for you take make money off of.

It's not.

It never will be unless it's regulated.. *maybe.

Until then the little idiotic profiteer scammy circle-jerk of scheme coins continues.
..for profit.

PS:
This is the Altcoin section assholes ..NOT the alternative Pyramid scheme token section.
Grow the fuck up scammy bastards.

Actually i agree with but i don't agree with that i am trying to pretend an ICO is legit way for making profit,
there are no legit way for making profit on digital currencies everything there are risk must be taken.
All of peoples are know about it, so everything depend on the users what will doing.

barnaba

member

Activity: 75

Merit: 10

maybe there should be ico which would be crosschain ? liek Eth + something ? but what is _MORE_ reliable right now than ETH with similar functionalities ?

Mihawk

sr. member

Activity: 1150

Merit: 347

Actually this is a problem, ETH is very unstable, the reason they accepted LSK in ICO was so that if the first one (ETH) failed, the second one (LSK) would assume! It turns out that LSK has also delivered nothing so far! The ICONOMI team's aware of the risks and what might happen if ETH is changed once again or undergoes any instability

thejaytiesto

legendary

Activity: 1358

Merit: 1014

Quote from: nemgun on January 19, 2017, 06:34:20 AM

Eth is by nature too unstable, i don't believe in DAO, ICN, FACT, ETH, ETC ..... Because as many pointed here, eth can be hard forked at any moment, plus, it is user unfriendly, and a big mess for the developers.
Hopefully i never invest in ICOs, so i have nothing to fear about them, but i aleready heard about their inner problems, and about the possible past scams, but they are not the only ones in this situation, a lot of known projects here are in the same position, even steem is a probable scam because of a "revealed pyramid scheme", same for waves who still can't achieve its roadmap ....
there are tons of projects like that, you can't trust easily people, but if you do, then be easy on your pocket.

Well most ICOs are shit, nobody is going to argue with that, but this ICN one was a bit of a success in my book. Considering most post ICOs are a mess, this one has survived pretty well, so its clear that this is not the same as always, but the risk remains: This is an ETH token, and you can never fully trust altcoin devs.

Spoetnik

legendary

Activity: 1540

Merit: 1011

FUD Philanthropist™

@densuj
NO, the problem is you all are trying to pretend that crowd-funding (an ICO) is a legit way for you take make money off of.

It's not.

It never will be unless it's regulated.. *maybe.

Until then the little idiotic profiteer scammy circle-jerk of scheme coins continues.
..for profit.

PS:
This is the Altcoin section assholes ..NOT the alternative Pyramid scheme token section.
Grow the fuck up scammy bastards.

densuj

legendary

Activity: 910

Merit: 1000

Quote from: thejaytiesto on January 18, 2017, 01:15:34 PM

ICONOMI seems like an interesting project, a trust fund of sorts where you trust investors to do a good job and mainain the token value up, so in a way, you are investing on a lot of projects by investing on ICONOMI.

The problem is: ETH is a mess. ETH always end up hard forked etc. It will happen again. Once this happens, all the ETH related tokens like ICONOMI, will suffer.

So how can I trust it long term? Why they didn't run it under Bitcoin blockchain instead of ETH?

Well as you said The problem is: ETH is a mess. ETH always end up hard forked etc. It will happen again. Once this happens, all the ETH related tokens like ICONOMI, will suffer. And The real example is the DAO bailout
So it is can not be trusted for long term, it will be good for short term and if you have got profit, go away.

Nevsky

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Activity: 1064

Merit: 250

★Bitvest.io★ Play Plinko or Invest!

Quote from: thejaytiesto on January 18, 2017, 01:15:34 PM

ICONOMI seems like an interesting project, a trust fund of sorts where you trust investors to do a good job and mainain the token value up, so in a way, you are investing on a lot of projects by investing on ICONOMI.

The problem is: ETH is a mess. ETH always end up hard forked etc. It will happen again. Once this happens, all the ETH related tokens like ICONOMI, will suffer.

So how can I trust it long term? Why they didn't run it under Bitcoin blockchain instead of ETH?

I also liked the idea of ICONOMI as an investment tool.
But as far as I know no one has received the first dividends from its investments in ICONOMI.
What I personally have a anxiety.

topesis

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Activity: 630

Merit: 500

Quote from: Pennywis3 on January 19, 2017, 04:43:54 AM

Quote from: barnes13 on January 19, 2017, 04:29:39 AM

ICONOMI has a solid team and they try implement all the roadmap investor don't have worry about this maybe the things make investor to worry is because ICONOMI on ETH Blockchain, maybe the issues will come if ETH have a next hardfork. I still have trust with ICONOMI.

Realy?
Do you know the background of this company? Do you know about their previous failed projects/scams?
You maybe know why most of the original team left the company already?

If you would, you would have a different opinion.

All im gonna say is, be very careful with ICONOMI so you dont get burned.

I understand your concern, but you are not been specific here, there is different between failed project and Scam. Can you be more specific.

Concerning people leaving the company, people leave Google, Facebook, Microsoft every time and it doesn't means the company will not delivered their goals

Spoetnik

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FUD Philanthropist™

Quote from: nemgun on January 19, 2017, 07:20:07 AM

Quote from: Spoetnik on January 19, 2017, 07:02:51 AM

Quote from: topesis on January 19, 2017, 04:39:29 AM

ICONOMI is independent of Ethereum and can port their platform to another project like RSk in future. I think if people don't trust the team they won't collect more than $17 million from investors

$17 million ? HOLY FUCK I THINK I AM GOING TO BE SICK Roll Eyes

And to that other nooby..
It's "Exchange" not.. "exchanger"

I don't trust exchanges data anymore, a lot of people here are proving that volumes are manipulated, and if you manipulate volumes, then all the financial datas you can get about a project/coin is totally inaccurate, thus, all the datas you get from ICN is totally unprovable, i don't point to any exchange, but i know that at least one of them is faking volumes, so it like for grapes, as long as at least 1 is rotten, then you throw the whole bunch.

Agreed and many suspected GOX was faking shit too eh.. i wouldn't doubt it.
In my pure shock of $17 million i missed how stupid the guys core comment was Shocked

Here is my version of what he said.
Oh there is no need to worry about bank robbers because we can build a new bank and move the money.

Mensa caliber shitcoin defense logic around here Cheesy

Snorek

legendary

Activity: 1400

Merit: 1001

I think there is fundamental difference there but I want to remind you other ambitious project based on ETH - The DAO.
I bet if you would ask people before the hack happened if they trust in DAO then I am sure that majority would give them their vote of confidence.
Let's just hope that ICONOMI developers are far more experienced and reliable.

Genesis1337

full member

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Well I trust it. I think if ETH goes PoS it will be positive for ETH Dapps. Honestly I have no clue lol, but iconomi still seems like a really good project. As do many other platforms that run on the ethereum network.

nemgun

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Activity: 882

Merit: 533

Quote from: Spoetnik on January 19, 2017, 07:02:51 AM

Quote from: topesis on January 19, 2017, 04:39:29 AM

ICONOMI is independent of Ethereum and can port their platform to another project like RSk in future. I think if people don't trust the team they won't collect more than $17 million from investors

$17 million ? HOLY FUCK I THINK I AM GOING TO BE SICK Roll Eyes

And to that other nooby..
It's "Exchange" not.. "exchanger"

I don't trust exchanges data anymore, a lot of people here are proving that volumes are manipulated, and if you manipulate volumes, then all the financial datas you can get about a project/coin is totally inaccurate, thus, all the datas you get from ICN is totally unprovable, i don't point to any exchange, but i know that at least one of them is faking volumes, so it like for grapes, as long as at least 1 is rotten, then you throw the whole bunch.

Spoetnik

legendary

Activity: 1540

Merit: 1011

FUD Philanthropist™

Quote from: topesis on January 19, 2017, 04:39:29 AM

ICONOMI is independent of Ethereum and can port their platform to another project like RSk in future. I think if people don't trust the team they won't collect more than $17 million from investors

$17 million ? HOLY FUCK I THINK I AM GOING TO BE SICK Roll Eyes

And to that other nooby..
It's "Exchange" not.. "exchanger"

nemgun

hero member

Activity: 882

Merit: 533

Eth is by nature too unstable, i don't believe in DAO, ICN, FACT, ETH, ETC ..... Because as many pointed here, eth can be hard forked at any moment, plus, it is user unfriendly, and a big mess for the developers.
Hopefully i never invest in ICOs, so i have nothing to fear about them, but i aleready heard about their inner problems, and about the possible past scams, but they are not the only ones in this situation, a lot of known projects here are in the same position, even steem is a probable scam because of a "revealed pyramid scheme", same for waves who still can't achieve its roadmap ....
there are tons of projects like that, you can't trust easily people, but if you do, then be easy on your pocket.

Pennywis3

full member

Activity: 327

Merit: 100

Quote from: barnes13 on January 19, 2017, 04:29:39 AM

ICONOMI has a solid team and they try implement all the roadmap investor don't have worry about this maybe the things make investor to worry is because ICONOMI on ETH Blockchain, maybe the issues will come if ETH have a next hardfork. I still have trust with ICONOMI.

Realy?
Do you know the background of this company? Do you know about their previous failed projects/scams?
You maybe know why most of the original team left the company already?

If you would, you would have a different opinion.

All im gonna say is, be very carefull with ICONOMI so you dont get burned.

topesis

hero member

Activity: 630

Merit: 500

ICONOMI is independent of Ethereum and can port their platform to another project like RSk in future. I think if people don't trust the team they won't collect more than $17 million from investors

barnes13

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ICONOMI has a solid team and they try implement all the roadmap investor don't have worry about this maybe the things make investor to worry is because ICONOMI on ETH Blockchain, maybe the issues will come if ETH have a next hardfork. I still have trust with ICONOMI.

Topic: Can you trust ICONOMI if ICONOMI depends on ETH? (Read 1469 times)