Topic: Lykke raises 1M$ through ColoredCoins - page 2. (Read 3856 times)

It's not deutsche Börse as company. It's this:


"Olsen founded Lykke in Zurich and received initial seed funding in 2015. In May 2016, Lykke closed a second seed round where the new shareholders included angel investors Marco Brockhaus and Carlo Koelzer, founding partner of 360T’s Group Executive Board and member of Deutsche Börse Group Management Committee."
http://www.financemagnates.com/cryptocurrency/interview/blockchain-will-absorb-the-world-of-finance-richard-olsen-lykke-interview/

Bump. I'm thinking of investing but I'd really like to understand what is meant here.

Thanks

To build the movement towards the goal. If the price goes up everyone benefits. Since Lykke is fully open, it makes no sense to let profits go only to a few at the top. In a traditional corporation founders and VC's get 100%. The ICO is precisely done for this reason - those who believe in what is done here can buy in. If the goal where to make money only the project would never have been started in this way - all the founders, contributors, employees, shareholders believe in the mission. Constructive feedback is welcome. By the way, all the code and knowledge is open. Nothing proprietary - all public.

Ok, I see. I'm not sure if he wanted to say that. I only know the info that founding partners of http://www.360t.com invested in Lykke. And LykkeX is somebody who helps them but he is not Richard Olsen himself or one of the core team. I would count that as misunderstanding for now.

1. Yes, I'm invested but not even with much money until now. I wait for Factom to go up to invest some of the profits in Lykke. I'm just not sure if Factom will do me that favor. ;-)

2. With pearls I mean those projects that not just show an innovative idea with some words and nice design, but are able to deliver such an idea  with high quality.


I'm not sure who said that there is a backing of $15B. There is the info that:

"(...) In May 2016, Lykke closed a second seed round where the new shareholders included angel investors Marco Brockhaus and Carlo Koelzer, founding partner of 360T’s Group Executive Board and member of Deutsche Börse Group Management Committee."
http://www.financemagnates.com/cryptocurrency/interview/blockchain-will-absorb-the-world-of-finance-richard-olsen-lykke-interview/

That's a difference.

1. I didn't implied that Lykke bought you, I implied that you probably invested in the project.
2. What pearls? "We're backed by the DB with $15B market cap, but we are asking for YOUR money" type?

Anyways... good luck.

If you check my post history you'll see that I have my own opinion and that I discuss this way in Factom, Antshares and Lykke, because that are my main-investments - Factom is my Nr. 1 by the way. To imply that Lykke would have bought my opinion is bullshit.

But I agree with you that it can be frustrating to see hundreds of projects that come up with big promises, asking for money but never deliver anything or at least nothing of value. That doesn't change the fact that there are also some really good projects out there. Factom is one of them in my opinion. Antshares hopefully will be one of them.

Lykke already has delivered! This is not just about showing a whitepaper, a nice designed HP and asking for money. Their exchange is already working! And you can use it for free. You don't have to buy in their ICO.

It's true to say "cryptocurrencies are turning into a scene from where random people are trying to squeeze more FIAT money." for Crypto in general. But it's not true for each single project, because there are pearls between Crypto-garbage, with great innovations and skilled teams who are able to deliver what's promised.

See the red flag here? Don't get me wrong, I'm not hating Lykke and I haven't even researched it, but I'm just tired of seeing big promises (and "people who matters" asking for money from the masses). I already know that you have your interest (and probably money) in that project and I wish you luck from the bottom of my heart.

But this would not change the fact that cryptocurrencies are turning into a scene from where random people are trying to squeeze more FIAT money.  

Nick Szabo on their advisory board is just one single information. And sure, you could make up theories about "Szabo needed money and they gave him some to use his name" or whatever. But it's also possible that since he and Richard Olsen obviously know or at least have met each other (watch the video), Nick Szabo, who really is a Bitcoin-specialist, can give advice to a company that uses that Bitcoin-Blockchain as base.

But again: One single information is nothing. Everything needs to be seen in the whole context. And in my opinion this is a great project if it's not seen just superficial.

My usual experience is, that something ("a" project) looks good on first sight but the more I learn the more I want to step away and that's what I usually do. In Lykke it's the total opposite. I had a lot of concerns when I first looked into it, but the more I've learned about it the more I think that this could turn out as one of a very few Blockchain-projects that very well may have big impact. And not just in Crypto but more as a bridge between Crypto and the rest of the world.

You ask me if we could cut out the crap? While I try to provide facts it's you who is writing about his nose, his girlfriends pussy and now you come up with "let me try to make a story".

What they basically say is:

1. This is Lykkes Idea
2. This is the team behind Lykke
3. This is what already is delivered
4. There were previous funding rounds, here are additional infos
5. If you want, invest in Lykke.
6. If you don't want to invest, feel free to use Lykkes service and it's for free.


They themselves say that they don't even focus on the ICO to get money since they already are well funded. They just make first steps into the public because in the end it will be about their product, their market/exchange.


And, what they also say is: Nobody need to buy LKK-shares to use what they provide for free. You can download their App for free and it's already working and it already is very user-friendly. Plus: 0% fee and as far as I know it will stay there.

https://lykke.com/lykkewallet/

Plus: Since the exchange is semi-decentralized (or semi-centralized) it is more secure.

Tech-overview: https://lykke.com/technology.php

Even Bitcoiners who wouldn't ever buy a colored coin or any other project will like it. I have no doubt about that, because if you have in mind how many people lost a lot of money because of exchange-hacks or fraud-exchanges, Lykke will have success if they just keep on with the good fundamentals.

I mean, unlike a lot of other projects, they don't come up with nothing but a whitepaper that was written in 3 hours. They work on this since years. But of course, you can use everything to become spartak_t the story-teller. ;-)

^This.

CNET's founder Halsey Minor sold its company for like 1.6 or $1.8 billion, he squandered all the money and then he started Voxels - a complete ICO failure.
John McAfee
Kim Dotcom (though I somehow respect the guy)
Max Keiser

Who else?

I can take a picture with Beyonce and say that FailCommunity had a meeting with her. 9GAG can tweet some stupid meme and it would receive 1000 likes in 10 minutes.

Do you get my point? No?

All we hear are promises and see guys who are with the "big balls" and they act like they know everything. Just one question (as I implied in my 4th point):
- WHY DO YOU NEED MONEY FROM THE MASSES?

I think this is no issue, to get someone on an advisory role is easy, it is quite different from joining the development team. Most of these move is for marketing purpose

Can we cut the crap? Let me try to make a story:

1. We have great ideas.
2. We have a great team.
3. We are backed by the DB, which happens to be an stock exchange with over $15B market cap.
4. Give us your money, we know how to handle them.

Nothing wrong about it to have doubts. Everybody should have nearly every time. But it's not unimportant to know "why" and to find out what's wrong and what is right.

And regarding "I'm not asking for money from the masses to trust them": It's always the question if an investment is a win-win-situation, or at least with the potential for it, or not. I personally believe this project very well could be a win-win, even if I had a lot of concerns in the beginning as well. But the more I learn about it the more I believe this could turn out as a pearl in this crypto-swamp.

And yes, trust is always the major point. That's why my recommendation always is to focus on teams first, which is great in this case:

https://lykke.com/leadership.php

1. Thank you.
2. I am just random bitcointalk troll who has some doubts and I'm not asking for money from the masses to trust them.
3. Read 2.

Not sure if this topic should be about your personal life, but congrats to your "connections".

To say you wouldn't have said anything against Lykke and your wish to "stop with these big claims" seems a little bit paradox, because it's you who used the word scam - against Lykke and that is a big claim.

At least if you don't have arguments to underline it while there are enough informations to inform yourself before using that word.

 

I have deep connections with my gf's pussy and she's like f*cking gorgeous, but so what? I respect the guy and still haven't said anything against Lykke, but let's stop with these big claims. I just said that I have a hunch, and its backed just with my first thoughts... no matter how anyone would accept it.

What you need to know is that Richard Olsen (CEO of Lykke) has deep connections into the financial world. He is the Co-Founder of Oanda and he is something like an economical scientist and very well respected.

And that claim you are speaking about. You can find infos about it before you use words like "scam":



OANDA’s Richard Olsen Launches Lykke Wallet for iOS Devices
The OANDA co-founder and former CEO is creating a new blockchain-based P2P zero-commission trading platform.

(...)

Olsen founded Lykke in Zurich and received initial seed funding in 2015. In May 2016, Lykke closed a second seed round where the new shareholders included angel investors Marco Brockhaus and Carlo Koelzer, founding partner of 360T’s Group Executive Board and member of Deutsche Börse Group Management Committee.
http://www.financemagnates.com/cryptocurrency/interview/blockchain-will-absorb-the-world-of-finance-richard-olsen-lykke-interview/

Just my hunch... nothing more. They are claiming to be backed by the Deutsche Borse, but I'm quite sure that these are just "big words" to made them look better and DB haven't heard of Lykke. I may be wrong that this could be a scam, but I am 100% convinced that they are not "playing fair".