Topic: ★★★ GameCredits - The future of in-game monetization ★★★ - page 192. (Read 550126 times)

As I see some comments over the last few pages of this thread questioning why the price is stagnating and doubting that the development roadmap will be completed on time, I feel compelled to (perhaps) shed some light and transparency on the GMC project from someone in a unique position.

I found GMC a year ago in a strange way. A person I respected at the time (not anymore) asked me to buy a large amount from the original developer of GMC (now long gone). It was "pumped" to me as a no-brainer investment and the amount I was asked to invest (10 btc) was just a very small % of my overall btc/crypto portfolio. So I invested understanding the risks. A few weeks later that developer ran off with the money, my "friend" dump his coin, the price dumped and I was left holding the bags. Oh well, shame on me for trusting someone in crypto, right?

So then a funny thing happened. A couple of months later Neleonele PMed me and asked me if wanted to join the new GameCredits slack. He said he had heard I was a whale (10 btc bought a lot of GMC back in that day) and said he wanted me to join the Slack channel for privileged inside information. I said "sure" as I was interested in learning what was happening with the "new" devs of GMC. Initially I was impressed with the enthusiasm and politeness of the very small group of slack invitees. But it became clear very quickly that I had been invited so that I would not "dump" my coins as the price rose. In fact I was asked by Neleonele on several occasions to be a part of setting a buy wall on Poloniex to influence the price upwards. As I am not known as a pump and dumper, and wasnt sure what his motives were, I kept finding excuses to say "no."  

However, over time I came to believe (still do) that Neleonele's heart in is the right place while his brain is a little naive. At any rate, not all was bad - this is NOT a post to slam GMC or its leadership. I also came to learn that the vast majority of GMC is owned by a very small group of core "whales" and the GMC foundation. It also seems very apparent to me that none of these whales have any desire to sell (unless there are much higher prices $1+). What does this mean? Well, for one it creates a unique situation in crypto as the actually supply to be bought is MUCH smaller than it appears from the historical emission rate. Meaning, there really isn't a lot of  GMC available to buy.  From an investor standpoint that is a really good thing.

However, I also learned first hand about the personality and culture of the small group of whales that control this coin. First, Neleonele is especially untrusting of people in crypto and bitcointalk. I think its safe to say that many other in the core group also share his sentiments. From what I was told directly, GMCs plans for expansion do not necessarily include members of the crypto community here on bitcointalk. Not that someone here would not be welcomed - of course, the more the merrier - just that someone looking for lots of information and interaction on this thread probably should not EXPECT it. Crypto enthusiasts are a bit down the list on the GMC foundation priority list.

From everything Neleonele shared directly with me, GMCs plan is to expand in current non-crypto gaming environments first and foremost. That is the priority.

My time on Slack ended unceremoniously in case you are wondering. Because the "trader" side of me is always weighing risk vs. reward, I liked the idea of a limited supply of coin. I sold only enough to recover my initial 10 btc investment. However, I wanted to become a more active part of the community and share the talents I feel like I have acquired in my business life (fairly successful owner of both online and offline businesses over the last 20+ years).  However, Neleonele and I butted heads on occasion, mainly because of what I saw as a distrust he had in me - due to the fact that I have been involved in the Nxt community. I am still unsure why that is a reason to distrust a person, but that fact does not change reality. It became increasingly clear that Neleonele was more interested in having me set buy walls, making sure I didn't dump, and asking me for donations towards conferences, etc. He was not interested in my opinions or any experience I might have to bring to the table.

A few months ago Neleonele ask me to donate to travel expenses for the San Diego conference where two GMC speakers gave a presentation. I declined for a couple of reasons that I won't go into. A few days later I was banned from GMC slack without warning or explanation.

Take this story for what its worth. For my part, I just believe transparency is always the best. And I wanted to share some with those of you interested in the coin.

If you want a be a part of team that has some unique qualities and aspirations and like the fact that there is a very limited supply of this coin, it may be a good investment for you. If you are looking for calender milestones to be met on time, high level communication on an ANN thread or leaders that are putting a lot of time into developing a large crypto bitcointalk community then you are probably going to be disappointed.

If you have any questions for me feel free to PM as I do not want to derail this thread with specific discussions. Hopefully this post gives you a little more insight into the inner workings of GMC.

http://www.ibtimes.co.uk/gaming-blockchain-trillion-dollar-jackpot-part-1-1542297

Gaming on the blockchain – the trillion dollar jackpot.

.... .... .... ...

Good because I am going to buy some Gamecredits before price goes up. GMC is dirt cheap right now and it could be the perfect opportunity to grab some profit. Any info on Turbocharged game like when will GP competition end? The game still has a few bugs but it is fun to play 

And mobile wallets 

great so in 3 week new site and game for Gamecredit

That is nice  

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As for those commenting on the price, it is really not hard to explain .. for me at least  

2) Scrypt PoW coins got mined to death with LTC halving and subsequent LTC dump from 0.024 to 0.0125 and 0.008 that is now. --- anything remotely more profitable than LTC gets hashed until it isn't.

1) Cryptsy's bot dumped coins from craptsy to Poloniex over 2-3 days .. 70 coins every 30 seconds if price stayed up. That was the drop from 5k to 2.5k. I worked it out at over half a million GMC at least.

-- There is no reason GMC to be locked on Craptsy now, GMC was not even listed on Cryptsy in 2014 when the Lucky7 "hack" happened, so there is absolutely no reason wallet is still not open .........
......... apart from the little problem for Vern not being able to buy back the coins he dumped in an attempt to crash the price to profit.

Come to http://coinfestuk.org/

And we've got to add ROKOS to the list of achievements 

GMC has accomplished quite a lot until now and keeps delivering. I think it is safe to assume, they're working hard on the items in the roadmap: