NULL - page 179. | Bitcointalksearch.org

trumpc2016

sr. member

Activity: 695

Merit: 255

Quote from: vwnick87 on November 02, 2017, 08:54:33 AM

Channel News Asia just aired this segment on Asia Business First about Monaco. Skip to 18 minutes for the segment.

http://www.channelnewsasia.com/news/catch-up-tv/asia-business-first/thursday-2-november-2017-9368492

Well good for their company, though nothing changes for us.

vwnick87

newbie

Activity: 8

Merit: 0

Channel News Asia just aired this segment on Asia Business First about Monaco. Skip to 18 minutes for the segment.

http://www.channelnewsasia.com/news/catch-up-tv/asia-business-first/thursday-2-november-2017-9368492

BTCMILLIONAIRE

hero member

Activity: 1358

Merit: 834

Quote from: Metros on November 02, 2017, 08:43:22 AM

Quote from: BTCMILLIONAIRE on November 02, 2017, 08:30:11 AM

Quote from: pelipurlara on November 02, 2017, 08:19:39 AM

Quote from: tokenmarket on May 20, 2017, 01:36:43 PM

snip

I am waiting for more information

Asset contract no longer exists. And there is no replacement for it that is relevant to investors.

Is that means that the reward system for token holder wont happen?

That's exactly what it means. And Kris released a video in which he said that "it doesn't matter anyways Mathematically" - which is completely untrue. He's either not competent of doing basic Math or he's lying to his investors about this issue. He then proceeds with a bunch of buzzwords and promises just like a shady insurance salesman would.

I would stay away from MCO if this doesn't get seriously addressed in a way that doesn't insult the intelligence of investors soon, since there are quite a few serious and honest projects that don't behave in shady ways like this.

Metros

full member

Activity: 308

Merit: 100

Quote from: BTCMILLIONAIRE on November 02, 2017, 08:30:11 AM

Quote from: pelipurlara on November 02, 2017, 08:19:39 AM

Quote from: tokenmarket on May 20, 2017, 01:36:43 PM

I am waiting for more information

Asset contract no longer exists. And there is no replacement for it that is relevant to investors.

Is that means that the reward system for token holder wont happen?

BTCMILLIONAIRE

hero member

Activity: 1358

Merit: 834

Quote from: pelipurlara on November 02, 2017, 08:19:39 AM

Quote from: tokenmarket on May 20, 2017, 01:36:43 PM

snip

I am waiting for more information

Asset contract no longer exists. And there is no replacement for it that is relevant to investors.

BTCMILLIONAIRE

hero member

Activity: 1358

Merit: 834

Quote from: fajarkus12 on November 02, 2017, 08:27:11 AM

Quote from: bitcoindima on November 02, 2017, 08:12:11 AM

sell, an rebuy 3.50 - 4.00 dollar, after fork its gonna be a moonflight

Better to buy when mco price down at $2 and buy again if mco price at $1, because hard fork about two weeks again and i think better to buy at lower price. So if mco price increase we can get more profit

Better to not buy at all and make place for honest crypto projects that don't lie to their investors.

fajarkus12

full member

Activity: 350

Merit: 100

Quote from: bitcoindima on November 02, 2017, 08:12:11 AM

sell, an rebuy 3.50 - 4.00 dollar, after fork its gonna be a moonflight

Better to buy when mco price down at $2 and buy again if mco price at $1, because hard fork about two weeks again and i think better to buy at lower price. So if mco price increase we can get more profit

delpiero10

full member

Activity: 270

Merit: 101

Quote from: reffi on November 02, 2017, 07:47:46 AM

Quote from: delpiero10 on November 02, 2017, 06:25:52 AM

Quote from: reffi on November 02, 2017, 06:24:07 AM

So without asset contract, this card is just like any other prepaid visa card that accepts crypto?? And no rewards??

Is there any other visa debit card? I don't think so... but please correct me if I'm wrong

There are a bunch, TenX, Tkn, Centra, even simple prepaid providers like Viabuy are now offering topping up with bitcoins.

All of them have much higher fees and afaik TenX planning to become Program Manager in 2019(2y after Monaco)... Only advantage is that they have sent some cards already

pelipurlara

member

Activity: 364

Merit: 10

Quote from: tokenmarket on May 20, 2017, 01:36:43 PM

I am waiting for more information

bitcoindima

full member

Activity: 140

Merit: 100

sell, an rebuy 3.50 - 4.00 dollar, after fork its gonna be a moonflight

BTCMILLIONAIRE

hero member

Activity: 1358

Merit: 834

Quote from: denam on November 02, 2017, 08:01:00 AM

It was replay of through what we went at the end of August there is just panic and everyone is emptying his bag. At Bittrex having watched the price drop I came to see the reason and I have caught the idea. This happens when update doesn't meet the expectations of investors.

It's not that the update "didn't reach the expectations of investors". It's that the update is a complete fucking insult to real investors.

We were promised to own parts of the yearly revenue the token will create and now Kris is saying that the yearly revenue is worth nothing.

So either he thinks investors are stupid and won't notice if he uses some fancy terms to back up his nonsense, or he doesn't know how to use Math, or he simply doesn't believe that the company will grow to hundreds of millions and billions of yearly revenue.

All three possible options are bad and only greedy dishonest flippers would keep shilling for MCO under these circumstances.

denam

sr. member

Activity: 896

Merit: 251

It was replay of through what we went at the end of August there is just panic and everyone is emptying his bag. At Bittrex having watched the price drop I came to see the reason and I have caught the idea. This happens when update doesn't meet the expectations of investors.

reffi

hero member

Activity: 770

Merit: 500

Quote from: delpiero10 on November 02, 2017, 06:25:52 AM

Quote from: reffi on November 02, 2017, 06:24:07 AM

So without asset contract, this card is just like any other prepaid visa card that accepts crypto?? And no rewards??

Is there any other visa debit card? I don't think so... but please correct me if I'm wrong

There are a bunch, TenX, Tkn, Centra, even simple prepaid providers like Viabuy are now offering topping up with bitcoins.

delpiero10

full member

Activity: 270

Merit: 101

Quote from: DigitalNinja on November 02, 2017, 07:20:52 AM

Quote from: s8ndo on November 02, 2017, 07:15:38 AM

Quote from: DigitalNinja on November 02, 2017, 07:01:24 AM

🤔🤔🤔 is Ally@monaco legit?

Yes - https://www.bloomberg.com/news/articles/2017-11-01/visa-approves-monaco-cryptocurrency-card-for-singapore-residents

time for the FOMO to begin

No i meant is the account Ally@monaco really a member of staff from monaco? Seems strange to just arrive on the thread at this stage

They suppose to hire someone from November but I'm not sure about ally@monaco...

DigitalNinja

full member

Activity: 210

Merit: 100

Quote from: s8ndo on November 02, 2017, 07:15:38 AM

Quote from: DigitalNinja on November 02, 2017, 07:01:24 AM

🤔🤔🤔 is Ally@monaco legit?

Yes - https://www.bloomberg.com/news/articles/2017-11-01/visa-approves-monaco-cryptocurrency-card-for-singapore-residents

time for the FOMO to begin

No i meant is the account Ally@monaco really a member of staff from monaco? Seems strange to just arrive on the thread at this stage

s8ndo

newbie

Activity: 69

Merit: 0

Quote from: DigitalNinja on November 02, 2017, 07:01:24 AM

🤔🤔🤔 is Ally@monaco legit?

Yes - https://www.bloomberg.com/news/articles/2017-11-01/visa-approves-monaco-cryptocurrency-card-for-singapore-residents

time for the FOMO to begin

DigitalNinja

full member

Activity: 210

Merit: 100

🤔🤔🤔 is Ally@monaco legit?

mrRen_

newbie

Activity: 62

Merit: 0

Quote from: HitTheLow on November 02, 2017, 06:42:49 AM

Kris just Killed MCO token it because of He want to do it. Infact, the company Monaco is going great! and he doesn't want token holders will earn profit from his company!

We just donate many $ to Monaco buying a token without any value right now, but when we bought it, there were a lot of promises about Asset contract, about % on transactions.

Now? now Kris doesn't need token holders to make Monaco great. Just learn the lesson and run away from this token.

I agree with you!

trumpc2016

sr. member

Activity: 695

Merit: 255

Quote from: Ally@monaco on November 02, 2017, 05:40:48 AM

Quote from: trumpc2016 on November 01, 2017, 05:16:21 AM

Quote from: samVE on November 01, 2017, 05:10:26 AM

Quote from: trumpc2016 on November 01, 2017, 05:04:40 AM

Quote from: samVE on November 01, 2017, 04:57:15 AM

Quote from: trumpc2016 on November 01, 2017, 04:53:27 AM

Read this at first and re-read what you wrote. Their language is confusing, though what I understood, that money will be from this:

We generate revenue every time our customers swipe Monaco card from the fees paid by merchants (interchange revenue). On average, merchants accepting a payment with a card receive only $97 of every $100 spent by the customer, $3 being split between card scheme, program manager, issuing bank and acquiring bank. Monaco’s share of the interchange revenue comes in at 1.5-2% depending on transaction profile. Monaco will roll-out new, revenue generating products over time.

That's just bad wording from their side, they mean 1.5-2% of the payment made. How else do you think they can provide 0.75% (even more for platinum) cashback? Basic logic.

Where is logic buddy. If there is $3 taken from $100, so $3 are split between all parties involved. How they can take more? Monaco’s share of the interchange revenue comes in at 1.5-2% depending on transaction profile.

(interchange revenue) - the fees paid by merchants. (these $3 from $100 spent)

So re-read again please!

You clearly have no idea how interchange fees work. Here is an example:

In this case MCO is the issuing bank, thus receives 1,70% of the TOTAL TRANSACTION (percentage depends locally)

Wait a sec, I thought they are program manager? Huh

?

We are happy to announce that Monaco is now an approved Visa Program and will work our very best to add value to the users.
FYI, Program manager is responsible for card branding, marketing, distribution, customer support, KYC/AML. Card issuer is responsible for meeting local regulatory requirements and settlement to Visa.

So I was right about fees? Cheesy

I am happy to help!

HitTheLow

full member

Activity: 590

Merit: 100

HIT the low and HOLD till moon

Kris just Killed MCO token it because of He want to do it. Infact, the company Monaco is going great! and he doesn't want token holders will earn profit from his company!

We just donate many $ to Monaco buying a token without any value right now, but when we bought it, there were a lot of promises about Asset contract, about % on transactions.

Now? now Kris doesn't need token holders to make Monaco great. Just learn the lesson and run away from this token.

Topic: NULL - page 179. (Read 456104 times)