Save me from being scammed by people like you who are disseminating harmful and malicious misinformation? Why should anybody give any credence to your words? You are a self proclaimed Iconomi troll.
Further, reasonable investors are looking at it an thinking, what is the real value here, now? They buyback at these small levels does not produce scarcity... what is the upside.
What would the upside have been of dividends worth fractions of a penny? Of course this initial buyback is at a small level, the dividends we would have received instead would have been laughably small too (1.2x10-4 dollars/ICN based on my calculations for the 1000 ETH), if things go well that will never be the case again in the future. But go ahead and sell now before platform is released and before the remaining investments are made into ICNp and the real revenue starts to come in lol.
It's not as thought Iconomi is the first to choose buybacks over dividends, for christ sake do some research.
For example:
http://www.investopedia.com/ask/answers/021615/why-doesnt-berkshire-hathaway-pay-dividend.asp
"Berkshire Hathaway maintains an aggressive stock buyback policy that puts cash directly into shareholders' pockets."
lol research... dang, that is what I done when I invested in ICN i.e. the dividend was appealing, as I said.
I did the math on that dividend you are talking about too and it was 0.00056914 cents at ETH's current price, which is not a lot, even if you hold 200k. The ETH return would have been this 0.00001149425. Now, for one second, imagine, if you can that the penny was not what you were interested in but the ETH dividend, which would have been 2.29 ETH, again not much today, on a per week basis, but you are not having to trade to make that crap, it is passive..... Heck, when I did the math on this crap in the beginning, I was expecting ETH to 120 dollars a coin by the coming summer.
Honestly, the research thing still is amusing me... buybacks fail, you know. cough, GOPro, cough, and there are other examples of it not working, as you know since I bet you "research." Also, I freaking love that you picked Berkshire Hathaway since good old Warren Buffet got me thinking about this subject earlier this year.... But heck, I bet you "researched" the he!! out of this subject, you know buybacks... and the ICN team is totally not going to buy back stocks at the ATH of ICN, which would be insane...
“The question of whether a repurchase action is value-enhancing or value-destroying for continuing shareholders is entirely purchase-price dependent,”
http://blogs.wsj.com/cfo/2017/02/27/berkshire-hathaways-buffett-cautions-on-share-buybacks-as-repurchases-fall/
No wait, you have convinced me... I should not think about the buyback since you used the word "research"... I get it the ICN team is basically Warren Buffet and he would not want investors to to think about value... he just buys stuff and it all works out....
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 then? 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. We will wait, I'm sure it will be a huge success since youareverysmart.
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.