Can you trust ICONOMI if ICONOMI depends on ETH? - page 2.

electronicash

legendary

Activity: 3234

Merit: 1055

Quote from: thejaytiesto on January 18, 2017, 12:15:34 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?

did you look at which token is next to bitcoin in the coinmarketcap.com dumb Hero? that's how messed up things can be when you get into the market late.
its always amazing how the ICN price Rise up that you don't get the chance to enter to buy cheaper ICN. tell you what you still can buy ICN for a cheaper price, PM me for it. its going to be less than 20k. remember PM me.

memequiserle

hero member

Activity: 616

Merit: 501

Chainjoes.com

iconomi coin not depends on ETH
but is iconomi coin create use ethreum token, so if ethreum problem iconomi problem too
if iconomi coin swap in and create new coin, is big problem down trust, and procces migration coin in exchanger is longtime too

iconomi coin is indpendence not depends ETH, but still need ETH

bleedingedge

newbie

Activity: 12

Merit: 0

Quote from: thejaytiesto on January 18, 2017, 12:15:34 PM

So how can I trust it long term?

Don't trust it. It's easy as that.

fortunecrypto

legendary

Activity: 2450

Merit: 1047

Quote from: thejaytiesto on January 18, 2017, 12:15:34 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 don't have any coins or token run on eth,for the simple reson that it is eth dependent and there's a complicxation involve,I prefer a bitcoin similar blockchain,it's easy to understand although quite costly for for developers who hire coder to create their coin..

BTCRoyal

member

Activity: 92

Merit: 10

Early Bitcoin Supporter

Your concern is actually valid. I too would like to see how this would play-out in the event it happens.

thejaytiesto

legendary

Activity: 1358

Merit: 1014

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?

Topic: Can you trust ICONOMI if ICONOMI depends on ETH? - page 2. (Read 1519 times)