Topic: ICONOMI - Live for today. Invest for tomorrow. - page 309. (Read 583535 times)

I'm pretty sure you know that last part isn't true.

But good effort.

You definitely make trading very profitable by scaring noobs like that.  

So I want you to know that --

I love you, and You will always be my friend.  

PS: Hey, man. I just remembered that CryptoInsider had the same avatar as you!!! LOL... You're still here after all, huh?  Can't you just leave ICN alone please? 

So right now ICNX is valued at 0.3$ per coin. Is it at that price that we pay to purchase 1 coin ?

So right now ICNX is valued at 0.3$ per coin. Is it at that price that we pay to purchase 1 coin ?

And you are definitely a halfwit who thinks he has all the answers.

My buddy. --->   <--- ooo, I got you there! 3 winks!

Lol.. you're just FUDing.. .  It's obvious to me now..

Gotta hand it to you. Very smooth~~

You are definitely a PRO, my friend.  

Nope.

If you've already sold your ICN position and have no intention of re-purchasing. Why waste your time here?  

Leave and don't come back.  

No, your posts contained mostly misinformation and FUD. You previous posts were not deleted.
You are welcome to start a healthy debate over the last changes, and to criticize as much as you want, just keep the facts straight

....

Hi Jani and Daniel,

My name is Joe-Six-Pack, and I'm from Antarctica. I'm writing this email to you because I'm concerned that your American lawyer might have given you the wrong information regarding the pertinent regulations here in the USA. I do believe that there is a way for you to market your product to Americans. Secondly, I have some really great ideas/advices/strategies I'd like to share with you that I feel will strongly benefit Iconomi.

There are 4 main things I wish to talk to you about in this email:

1. It's my firm belief that at this stage of development, Iconomi will benefit tremendously from acquisition of a fully licensed international bank with correspondent banking accounts (already set up) denominated in USD, EURO, and other major currencies. Before you blow me off, and think this is crazy, too big, or unmanageable, please listen to what I have to say about this.

2. I believe your lawyer's interpretation of the "Investment Company Act of 1940" is erroneous. It's my opinion that Iconomi should be able to enter USA market freely -- all it takes is for you to do some restructuring to make it legal in the eyes of US regulatory bodies.

3. I have no idea how "Iconomi, Inc" is structured and what jurisdiction it is incorporated in. However, a member of community suggested on Bitcointalk that your investment vehicle was incorporated in "Cayman Island."  I don't feel Cayman is the best domicile for your investment vehicle, and I'll explain to you why.

4. There are 3 ways to enter the USA market --

a) Restructure your business to be compliant to US regulations (This is the best option in my opinion, and I'll discuss it later).
b) Set up and market an offshore fund to accredited investors in the USA as per regulations of Section D of SEC regulations and "Investment Company Act of 1940."
c) Repackage your funds as derivative financial products and sell them here in the USA in the secondary market (not a good idea).

I don't know how much you guys know about international banking or business laws here in the USA. I'll try to explain everything in simple terms. But if you have questions you want to do ask, feel free to do it. I'm going to discuss the points in details:

====

1. By acquiring an "international bank," I don't mean to just acquire a banking license or a "shell bank," but a full-fledged licensed bank with SWIFT membership and correspondent accounts (in USD, EURO, AUD.. etc) already set up in place.  I have to confess that I don't really know anything about Europe. My expertise/specialty is USA and Central America (Carribean). I don't know if you know this, but you can usually operate a bank with specialized software with minimum staff requirement. Here in Carribean, you can purchase a fully licensed bank with everything set up for as little as $1 ~ 2 Million US Dollars. For bank that comes with a management team, you can acquire it for around 2 ~ 5 millions. I honestly think it would be a great investment for Iconomi to make at this point.

Trust me when I say this -- there are so many benefits for Iconomi to add a real bank to its ecosystem at this stage:

a) By restructuring Iconomi's businesses and separating functions into compartamentalized "units," Iconomi will be able to enter the US market legally (explain more later).

b) Having an "Iconomi Bank" will add tremendous amount of prestige to the Iconomi brand. Right now, Iconomi is positioned itself as a software platform used by the fund managers.  But can't we re-position Iconomi as a offshore hedge funds vehicle and market it to potential investors also? You need to understand that "formality" is a big thing in the hedge fund world. I believe having a bank in the ecosystem will give Iconomi a significant edge in this business.

c) Iconomi will be able to offer multi-currencies accounts and multi-countries funds processing ability. Having a bank is definitely essential if Iconomi is hoping to grow into a billion dollar business. You need to get your foot into "Investment Banking."

d) In addition to trading only Cryptos on Iconomi platform, Iconomi will also be able to offer "FIATs as IOUs" option on the Iconomi platform. Imagine the possibilities.

e) By utilizing correspondent banking, it will greatly simplify how Iconomi handles the customer's fund and and foreign customers do business with you much easier.

.. and I can go on...

============

2. I don't know if you have met a business lawyer here in the USA, but I feel his interpretation of the "Investment Company Act of 1940" is incorrect.

The reason *you think* Iconomi cannot enter USA market mostly has to do with this law: "Investment Company Act of 1940."  It defines a set of rules on how offshore funds and financial products can be marketed to American customers. For instance, offshore funds are only allowed to have < 100 American customers, OR, the funds must ensure all American customers are accredited investors.

However, I feel there is still a way for you to enter the US market! You need to understand that Crypto is a grey, unregulated area, even here in the USA. So my thinking is that.. if you can restructure your operations, it should be good and legal for you to enter the USA market -- you should separate the operations that deals with FIATs and receipt of incoming funds into an investment banking unit organizing around the "Iconomi Bank" (I told you that you need the bank), and second unit is exclusively for "Cryptos trading and management" (everything should be denominated in BTC or ICN.. It will really help ICN market if you use ICN as one of the base units).

So for example -- for non-USA customers, they are allowed to access the banking unit and also the Crypto-investment unit, but for American customers, only Crypto-investment platform is allowed. Does this make sense to you?

========================

3. Despite its reputation, "Cayman Island" is currently not good for business because of OECD automatic exchange of information agreements with USA and European countries.

For a good locale, I would recommend a low-tax country that does NOT have an automatic exchange agreement set up, also it should have good reputation and not blacklisted by OECD. I strongly feel a Canada or United Kingdom LP is a good choice for Iconomi, since UK and Canada are not known for being a tax haven.

For European locales, I would recommend one of the ex-British territories - such as Isle of Man or Gibraltar. Malta used to be good, but not anymore (they had banking crisis if I remember correctly).

========================

4. There are 3 ways to enter the US market, and I personally prefer the first way - restructure Iconomi and separate FIAT operations from Crypto Investment operations. Utilizing the Crypto grey area as cover. Trust me, you won't run into trouble.

Another way is to set up an offshore exempt fund at a locale such as "Cayman" and market it to American residents. However, in this case, you need to make sure all your customers are "accredited investors" and it will require some checking & overhead is involved. (filling out IRS tax form).

========================

Okay, sorry about this. I can talk about this all day because it's my passion. Anyways, I really just want to see you guys succeed. You're a good team, and I feel your competitors (certain Fruit people) were playing dirty by FUDding.  So I want to do my part to help you
kick their asses.

Well, good luck. Feel free to let me know if you need anything.

- Joe-Six-Pack

Well done, Daparski, you deleted my posts which explained some problems in great detail, then selectively quoted some tiny pieces to respond to.

Obviously I've hit a nerve.

You are hilarious. As soon as I explain my position in detail... BANG... the posts are gone, followed by quote mining and bizarre conspiracy theories.

It's easy to talk shit when you only quote single lines out of everything I said. You just exposed yourself as a dishonest mod, and a total shill.

It's fine though. The truth hurts. If I cared enough about my "FUD", I could easily post it somewhere else where you can't remove it.

"Ooo his avatar is the Mask, so he must be FUDing"... Sound logic from Daparski there.

 


That part is the only sensible thing you said.

If I would have half of the opinions he presents about any project, no way I would buy their product.

Recent posts of Mendeleev were deleted because after I read all of them it clearly indicates FUD and intentional misinformation (selected quotes and explanation bellow)

He was bitching about all kind of things for some time and was dancing around the FUDding line, which was annoying but still acceptable - hence posts weren't deleted.

What it looks to me is trolls trying to evolve and spread more sophisticated fear where in reality it is just misinformation wrapped around "concerns" and "conversation".
Have a look at the chronic - first general posts focusing on the big picture and how posts will be deleted, and then he dives into more focused FUD

A side note - he also changed his avatar to the Mask around the same time if I am not mistaken



Basic FUD attempt. Usage of general words without providing any detailed information. "They" made it obvious but "You" refuse to see the big picture...


Like I wrote - first general posts focusing on the big picture and how posts will be deleted, and then he dives into more focused FUD

...
Nothing personally against TaaS, but if you think about it for a moment, TaaS is kind of like ICNP, where you get 50% back on publicly known trades in real time (front running someone?)
Team has not proved a damn thing yet, and they are far, far away from delivery.
Their token has a fixed price of $1 (because they decided to)
So better have ICN for half price and get much more than TaaS
and the last interview was.... sad



Classic FUD attempt with fine douses of misinformation:
Iconomi platform will calculate and charge fees every 6 hours or maybe once a day. Once the fees are deducted from the funds they can go to the market and be ready for buying. You don't really think that Iconomi is gonna put a 100BTC buy walls? Common, they know a thing or two about markets and trading.




BS continues. In case of dividends, ETH would be bought for distribution as well. And it would have to be done on a bi-weekly basis. Ethereum went up 4x in a month, so how would that be proportional stake in the profits (whatever that even means)?

And the last one - Iconomi team is the only one to benefit from that... The biggest BS and FUD comes at the end, since it will have the biggest weight. Last time I checked all ICN tokens were created equal.
And they will start having their ICN end of april. Start having as vested over a long period of time ( I think it is 12 months)



My conclusion:
for a person that sold his tokens and is here "just to see what's up because he wants to buy ICNX" it is shady AF.
If I would have half of the opinions he presents about any project, no way I would buy their product.

If it doesn't make sense it is a troll

Okay hunny come back later and see where the project is. You know, maybe save your criticism for when it isn't purely conjecture? Still think it is funny you apparently think Iconomi is willing to burn down their own house while sitting inside. But I'm sure they are just idiots and you are way more qualified than they are, so perhaps you should start your own project where you do issue dividends? How about you put your money and your reputation on the line so that anonymous trolls can berate and criticize you every step along the way while you attempt to trail-blaze into uncharted financial territory. Even though the path isn't lit be sure not to slip up even once or else the sharks will get you. Also don't you dare experiment with different approaches to address pressing legal/regulatory issues- adapting is for idiots! We will wait, I'm sure it will be a huge success since youareverysmart.

Think about it man! You've all just convinced yourselves this is a positive move, because you're refusing to see the bigger picture. They made it so obvious too!

But by all means, delete it because it's "FUD" and "dangerous".

TaaS looks a bit sketchy, but still looks like a better option than Iconomi right now.

Imagine they have 100 btc to buy back ICN.
...
That goes straight to market.

That means that some of the ICN will be bought for less than others. Which means the system isn't proportional, and your stake no longer represents a proportional stake in the profits accrued.
...
The ONLY people who are guaranteed to benefit from this are the Iconomi team, because they're getting their shares back free of charge (essentially), and increasing their stake in the new company by adding more weight to the ICN they hold.

My point is that you seem to know something none of the rest of us do not "hunny"... I assume it is not blind faith. If it does not strike you as the least bit odd they decided the dividends were not feasible, now? I have been buying the dips on the dividend assumption. You may call me a troll or "hunny",  it still does not stop one from wondering what changed on their end. I do enjoy the fact that you think the creators of a company, with shareholders would not make bad decisions, again GoPro is a good recent example. I hope ICN succeeds... the strategy on making money on it though has changed since now it is clear the only way to make the "dividend" is to trade it, which is just more work... but you know that cause you are the smartest individual on the internet.... Also, nothing worrying about a buyback at the ATH of ICN for you, at all, that shows ballz or boobs of steel.