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Topic: [ION] [IONOMY] Worthy successor to XPY - 100% premined - Garza would be proud - page 4. (Read 5516 times)

hero member
Activity: 1344
Merit: 500

In addition to that, the main "features" of ION have been "borrowed" from XPY:

- 100% premine
- 100% inflation
- massive push to use a web wallet with "PNGs" and "skins"
- no real-life use 6+ months after the ICO
- militant shills
- "walled garden" communication methods
- refusal to provide any kind of transparency regarding ICO


Could you please provide some facts to support justification for your list of "borrowed features". Your list is just some random thoughts/statements that are not true...

ION is an innovative technology based on Masternodes and Gaming!!!
legendary
Activity: 3654
Merit: 8909
https://bpip.org
getting enough users

That's probably the most ridiculously underestimated part of ionomy "business plan". I've seen some shills enthusiastic posters mention numbers like 10k beta users for Gravity but no actual plan to get there or any reasonable estimate of ARPU. It looks like they're hoping the game will go "viral" on its own and all their problems will be solved.

Basically it's the Paycoin "business plan", except Google and Apple replaced Amazon and Target.
full member
Activity: 214
Merit: 113

and whats up with this weird idea that 3rd party game devs will incorporate ions/electrons just to leverage the ion community of <100 people and pay a huge premium on every iap.... if they can even get around google / apple tos



Without sounding like a nitpicking arse, and with the greatest respect to you, I'm sure you realise that their business plan hinges on them getting enough users in to expand that currently rather threadbare community and make it desirable enough for 3rd party game devs to accept those terms. If they don't get the users into the community (and as I've said before, I just don't think they will -- the whole concept just seems a bit too clunky in my opinion for casual mobile gamers to truly engage in the ecosystem), it won't work. For all of their grandstanding and bravado, I'm sure MrCoins et al are aware of that.

With regards to the app stores -- they seem fairly confident that they've found a way around the TOS, so I guess we'll see what happens when they finally get round to making a first release.
legendary
Activity: 910
Merit: 1009
il try to find the evidence later today about matlack & garza. its possible that you are correct and the only connection is that they were both from texas (originally). its been so long since the stuff was posted in the huge gaw thread. i have a tingling that i saw an old picture of garzas grilling party with a bunch of friends and one of them looked identical to matlack except younger + short hair

thats what they claimed indeed. just as they claimed xpy/ionomy pte totally existed. from a legal point of view its certainly true as the core dev was for profit and the other non-profit. its highly unlikely they didnt agree on it as a group. heck the foundation ran the main github and matlack/foundation ended up owning 1 more pc than the xpy core devs. lets not forget that the pcs had voting power for the future of the coin. cryptsy pc and non-verified ones were non-voting


but yeah its not that important compared to all the current issues stated in suchmoons post + faq

the biggest concern is that none of the ionites saw anything wrong with the halloween 200% staker pngs. they actually celebrated it. what if the team decides the sale numbers were not good enough and they need additional funding by xmas. new pngs are born with an even higher rate or lower price to entice more sales. all the previous ion holders are losing value faster than they can say: what?

and whats up with this weird idea that 3rd party game devs will incorporate ions/electrons just to leverage the ion community of <100 people and pay a huge premium on every iap.... if they can even get around google / apple tos

full member
Activity: 214
Merit: 113

maybe you have seen some of these names before or maybe not. adam matlack was garzas childhood friend. there were 3 hyper inflating wallets called prime controllers that garza sold and 1 of them was matlacks


Just curious, do you have a source you could point to for Matlack being Garza's childhood friend? I've seen that insinuated on bitcointalk a few times and I've never seen any evidence that was the case. I'm just trying to be balanced here, and from what I can see Matlack was simply another naive investor duped by Garza for a bunch of money who appears to have made some baffling decisions since then as the de facto community leader. I don't think he was ever friends per se with Garza -- but I'm open to being proven wrong, of course.

Quote

they also gifted cryptsy a hyper inflating wallet. what a move.
Quote
The Paycoin Core Development Corporation announced that Cryptsy will be joining the Prime Node Management group with their acquisition of a Prime Controller on April 16, 2015
ref: http://web.archive.org/web/20150511104217/http://talk.paycoin.com/discussion/830/cryptsy-received-a-prime-node/


Again, I think (and correct me if I'm wrong) that 'Team Paycoin', which later became XPY.io and then eventually Ionomy were (supposedly) a completely separate entity to 'The Paycoin Core Development Corporation'. The lack of action from the Core Dev team was cited as a reason for XPY.io to split off and form Ionomy, in fact. However, I notice that 'Grav' posted in that thread with a some vague insight into what the 'Core Dev' team were doing at the time, and I believe he's most likely the Singapore contact and owner of Graval PTE -- so that shows that there was at least at one point some co operation and communication between the groups.

Regardless, Ion apologists will point to the fact that 'Team Paycoin' i.e. Matlack and co technically didn't gift cryptsy the Prime. I'm by no means their biggest fan, but I think its important to stick to the heaps of issues they genuinely don't have easy retorts to, as you've already stated, like the frankly ridiculous ongoing problem with the company registration, or the fact that they're essentially shitting out free coins and offloading them through 'promotions' to their enraptured tens of fans for BTC they can easily cash out. I don't necessarily think they're corrupt, but it's abundantly obvious that neither the team running the project nor the main user base have learnt any lessons from XPY either under Garza or, more latterly, under the vague development offered by XPY.io.
legendary
Activity: 910
Merit: 1009
how nice for all the scammers and shitcoin producers that you cant link different coins from the same people

here is all the innovation they have made so far. Garza like png crap sold only for btc. obviously they dont want their own shitcoin because selling 0.0001 worth crashes the price. yobit avg daily volume is around 0.01





its worthy to note that ionomy pte doesnt exist according to ACRA (singaporean government). neither did xpy pte. spot the pattern!  Grin

Quote
This XPY Pte. Ltd.
ref: http://web.archive.org/web/20150813032326/http://www.xpy.io/privacy.pdf

Quote
by ionomy PTE(“we” or “us”)
ref: http://archive.is/iwdjM#selection-539.91-539.115



ref: tis.bizfile.gov.sg

current lie is that they have always operated under graval pte and it has been under rename since june but due to slowness of snail mail its still not done. graval is not in good standing anyway - last filings are from 2013





who is behind this beautiful shitcoin? there are a bunch of names but these are from the whitepaper

Quote
Adam Matlack
[email protected]

Michael Pfeiffer
[email protected]

Richard Nelson
[email protected]
ref: http://archive.is/4DhcO#selection-511.1-551.18

maybe you have seen some of these names before or maybe not. adam matlack was garzas childhood friend. there were 3 hyper inflating wallets called prime controllers that garza sold and 1 of them was matlacks

they bought the ion coin as a clone job. their only dev stated he received it as compressed file hence their github looks the way it does. currently there has been no dev work in 7 months  Grin

they have just recently hired part-time nav coin / sherlockcoin dev (most likely this person: soopy452000 https://bitcointalksearch.org/user/soopy452000-158610).



Quote
XPY will have a fixed value of 8 to 1.
Customers who hold XPY will be able to purchase ION stakers at a ratio of 8 XPY to 1 ION.
Quote
All XPY used to purchase ION stakers in the ISO will be burned.
ref: http://archive.is/tuWVB#selection-987.0-991.90

they failed / lied and burned only part of them (5.5 mil burned - https://chainz.cryptoid.info/xpy/#@inflation). the shills are saying its more important they work on their new shitcoin than fulfill their obligations

they also gifted cryptsy a hyper inflating wallet. what a move.
Quote
The Paycoin Core Development Corporation announced that Cryptsy will be joining the Prime Node Management group with their acquisition of a Prime Controller on April 16, 2015
ref: http://web.archive.org/web/20150511104217/http://talk.paycoin.com/discussion/830/cryptsy-received-a-prime-node/
legendary
Activity: 3654
Merit: 8909
https://bpip.org
legendary
Activity: 3654
Merit: 8909
https://bpip.org
After being warned by a mod that discussing links between altcoins may be off-topic in an altcoin announcement thread (weird but I don't make the rules) I have decided to start a separate thread with a more appropriate title and dedicated solely to the subject.

Brief history of the origins of ION/ionomy:

The current ionomy "team" is the same "team" that tried to resuscitate XPY for a year, during which time XPY went from ~$0.50 to ~$0.02. After having thoroughly failed with XPY the "team" created their own hyperinflating coin - ION (currently down ~50% since the ICO), rebranded "xpy.io" into "ionomy.com", and exchanged XPY to ION at an 8:1 rate. Here is the ionomy announcement:

http://archive.is/tuWVB

In addition to that, the main "features" of ION have been "borrowed" from XPY:

- 100% premine
- 100% inflation
- massive push to use a web wallet with "PNGs" and "skins"
- no real-life use 6+ months after the ICO
- militant shills
- "walled garden" communication methods
- refusal to provide any kind of transparency regarding ICO

More details can be found in this FAQ that I tried to compose over the last few months:

https://www.iontalk.net/t/bitcointalk-ion-faq/207

Announcement thread - abandoned by the "devs":

https://bitcointalksearch.org/topic/ann-ion-ion-pos-30-mobile-gaming-join-the-ionomy-today-1443633
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