NULL - page 191. | Bitcointalksearch.org

DigitalNinja

full member

Activity: 210

Merit: 100

Quote from: BTCMILLIONAIRE on October 31, 2017, 03:42:36 PM

Quote from: DigitalNinja on October 31, 2017, 03:38:49 PM

Quote from: BTCMILLIONAIRE on October 31, 2017, 03:17:00 PM

Here's an example since you guys don't seem to be capable of Math.

Assume you own 10,000 MCO tokens. That is 0.001% of the total supply.

Now fast forward about a decade. MCO has become a giant and earns a yearly revenue of 1 Billion USD in platform fees (transactions, ATM withdrawals, conversions, etc.).

Since you own 0.001% of the tokens, you are entitled to a share of 1 Million USD.

This is what was promised and will no longer be delivered. And Kris says this is "pointless", which makes him either clueless, or dishonest. I hope it's the first and that he's going to find a workaround for this, like SONM already did, but I'm not having any hopes for this after his statement.

Kris states that with 100k card users all of the tokens for sale today will be locked up for the use of a "premium" card. So this could mean a decent demand for the token. if the token reached $100 the 10,000 mco in your example would be worth $1,000,000

Only if another 100k people try to get an additional 100k cards. Which they won't if the amount of tokens required stays the same (since it'll be too expensive). And if the amount of tokens goes down, the value increase will be less.
But all that aside, this was always going to be a thing from the start, on top of the share of fees.

I think the 100k users will soon come. Just being able to put fiat into your MCO account and swap it to crypto is great and then if i put my spending money for the month on the account i will also aquire 0.75% cash back which i can get more crypto with. i see value in the service of it all tbh

demiculus

jr. member

Activity: 81

Merit: 6

Quote from: CLOCk_counter on October 31, 2017, 07:57:45 AM

Tomorrow Kris will answer community members questions by video conference.

where did you hear this? where will the conference take place & at what time?

demiculus

jr. member

Activity: 81

Merit: 6

Quote from: delpiero10 on October 31, 2017, 02:09:11 PM

Quote from: BTCMILLIONAIRE on October 31, 2017, 01:59:11 PM

just to get a debit (not even credit) card.

Isn't debit card better?

We should get some answers in q&a video which suppose to be published tomorrow.

Where did you hear about a Q&A video?

lonesomestranger

full member

Activity: 770

Merit: 112

Quote from: fracas on October 29, 2017, 12:27:52 PM

I don't know if they will... but if they do announce VISA agreement this token will for sure skyrocket to the highest moon even seen.

Honestly, I dont know if will MCO value will rise even if VISA approval is announced, because there are a lot of projects having already VISA or MASTERCARD implemented, projects with a real working product, and their token is much cheaper than MCO. MCO is way overvaluated!

BTCMILLIONAIRE

hero member

Activity: 1358

Merit: 834

Quote from: DigitalNinja on October 31, 2017, 03:38:49 PM

Quote from: BTCMILLIONAIRE on October 31, 2017, 03:17:00 PM

Here's an example since you guys don't seem to be capable of Math.

Assume you own 10,000 MCO tokens. That is 0.001% of the total supply.

Now fast forward about a decade. MCO has become a giant and earns a yearly revenue of 1 Billion USD in platform fees (transactions, ATM withdrawals, conversions, etc.).

Since you own 0.001% of the tokens, you are entitled to a share of 1 Million USD.

This is what was promised and will no longer be delivered. And Kris says this is "pointless", which makes him either clueless, or dishonest. I hope it's the first and that he's going to find a workaround for this, like SONM already did, but I'm not having any hopes for this after his statement.

Kris states that with 100k card users all of the tokens for sale today will be locked up for the use of a "premium" card. So this could mean a decent demand for the token. if the token reached $100 the 10,000 mco in your example would be worth $1,000,000

Only if another 100k people try to get an additional 100k cards. Which they won't if the amount of tokens required stays the same (since it'll be too expensive). And if the amount of tokens goes down, the value increase will be less.
But all that aside, this was always going to be a thing from the start, on top of the share of fees.

BTCMILLIONAIRE

hero member

Activity: 1358

Merit: 834

Quote from: hastrup on October 31, 2017, 03:23:15 PM

Quote from: BTCMILLIONAIRE on October 31, 2017, 03:11:46 PM

Quote from: bitcoindima on October 31, 2017, 03:04:39 PM

why are you looking to assets only?
First time in the crypto world that a coin get visa program manager, this will be used for spending a lot of crypto currencies, in shops everywhere over the world, this is world news

There'll be plenty of these cards in the long run anyways.

I invested a significant sum because I was expecting to participate in the gigantic amount of revenue the fees are going to produce.

And now this aspect is completely gone and Kris apparently claims that there would be "absolutely no point" in this anyways.

Which makes him look very dishonest, since the fees will add up to hundreds of millions to several billions in yearly revenue that are now 100% going to the MCO foundation and 0% to token holders.

Of course there's no point in sharing the hundreds of millions and potential billions of yearly revenue from Kris' point of view.

But the token holders just got screwed real hard if this will be the state of affairs.

So your are saying that because we dont get any of the revenue the token is worthless? but if a company make millions and billions how is it the token is worthless? i dont know anything just want to hear your opinion

If the company makes millions and billions and the token doesn't grant you a way to participate in its profits, the token is useless.

For example, if I make 100 Million a day and create a token and give it out to people, the token might get some sentimental collectors value if I was a popular figure. But other than that it would be worthless, since it won't give you any slice of my 100 Million.

During the ICO, the MCO token granted you a slice of the pie. Since today's news it no longer does. So all the money that MonaCo will earn will go to Kris and his team. Not to the token holders.

DigitalNinja

full member

Activity: 210

Merit: 100

Quote from: BTCMILLIONAIRE on October 31, 2017, 03:17:00 PM

Here's an example since you guys don't seem to be capable of Math.

Assume you own 10,000 MCO tokens. That is 0.001% of the total supply.

Now fast forward about a decade. MCO has become a giant and earns a yearly revenue of 1 Billion USD in platform fees (transactions, ATM withdrawals, conversions, etc.).

Since you own 0.001% of the tokens, you are entitled to a share of 1 Million USD.

This is what was promised and will no longer be delivered. And Kris says this is "pointless", which makes him either clueless, or dishonest. I hope it's the first and that he's going to find a workaround for this, like SONM already did, but I'm not having any hopes for this after his statement.

Kris states that with 100k card users all of the tokens for sale today will be locked up for the use of a "premium" card. So this could mean a decent demand for the token. if the token reached $100 the 10,000 mco in your example would be worth $1,000,000

aqzu

full member

Activity: 227

Merit: 100

Look at the chart guys

11/01/2017 02:36:17 AM
SELL
   0.00130020    6.19332268    0.00805256
11/01/2017 02:36:17 AM
SELL
   0.00130019    612.69774611    0.79662348
11/01/2017 02:36:17 AM
SELL
   0.00130012    433.39708130    0.56346821
11/01/2017 02:36:17 AM
SELL
   0.00130012    38.45848849    0.05000065
11/01/2017 02:36:17 AM
SELL
   0.00130011    0.73474734    0.00095525
11/01/2017 02:36:17 AM
SELL
   0.00130011    52.99510015    0.06889946
11/01/2017 02:36:17 AM
SELL
   0.00130011    1534.46284082    1.99497048
11/01/2017 02:36:17 AM
SELL
   0.00130000    1113.36028523    1.44736837
11/01/2017 02:35:58 AM
SELL
   0.00130012    4.25954763    0.00553792
11/01/2017 02:35:53 AM
BUY
   0.00130828    56.12336659    0.07342508

Everybody is selling in a big amount of MCO. It is time for all of you to really get out of this token. This give you nothing. Wink

cryptohunter

legendary

Activity: 2100

Merit: 1167

MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

Quote from: hastrup on October 31, 2017, 03:23:15 PM

Quote from: BTCMILLIONAIRE on October 31, 2017, 03:11:46 PM

Quote from: bitcoindima on October 31, 2017, 03:04:39 PM

why are you looking to assets only?
First time in the crypto world that a coin get visa program manager, this will be used for spending a lot of crypto currencies, in shops everywhere over the world, this is world news

There'll be plenty of these cards in the long run anyways.

I invested a significant sum because I was expecting to participate in the gigantic amount of revenue the fees are going to produce.

And now this aspect is completely gone and Kris apparently claims that there would be "absolutely no point" in this anyways.

Which makes him look very dishonest, since the fees will add up to hundreds of millions to several billions in yearly revenue that are now 100% going to the MCO foundation and 0% to token holders.

Of course there's no point in sharing the hundreds of millions and potential billions of yearly revenue from Kris' point of view.

But the token holders just got screwed real hard if this will be the state of affairs.

So your are saying that because we dont get any of the revenue the token is worthless? but if a company make millions and billions how is it the token is worthless? i dont know anything just want to hear your opinion

if you were promised a share of the millions and billions then got zero... surely then you can see there is an issue there?

bitcoindima

full member

Activity: 140

Merit: 100

a lot of coins dont have asset contracts and they are worth a lot of money

Croin

sr. member

Activity: 490

Merit: 250

Quote from: johnnyspb on October 31, 2017, 03:20:40 PM

Bought at 180 today and already lost 30% Angry

Yeah it seems not a very good time to buy alts during a Bull run on BTC everything falls. You shall try to wait a bit.

hastrup

newbie

Activity: 26

Merit: 0

Quote from: BTCMILLIONAIRE on October 31, 2017, 03:11:46 PM

Quote from: bitcoindima on October 31, 2017, 03:04:39 PM

why are you looking to assets only?
First time in the crypto world that a coin get visa program manager, this will be used for spending a lot of crypto currencies, in shops everywhere over the world, this is world news

There'll be plenty of these cards in the long run anyways.

I invested a significant sum because I was expecting to participate in the gigantic amount of revenue the fees are going to produce.

And now this aspect is completely gone and Kris apparently claims that there would be "absolutely no point" in this anyways.

Which makes him look very dishonest, since the fees will add up to hundreds of millions to several billions in yearly revenue that are now 100% going to the MCO foundation and 0% to token holders.

Of course there's no point in sharing the hundreds of millions and potential billions of yearly revenue from Kris' point of view.

But the token holders just got screwed real hard if this will be the state of affairs.

So your are saying that because we dont get any of the revenue the token is worthless? but if a company make millions and billions how is it the token is worthless? i dont know anything just want to hear your opinion

johnnyspb

newbie

Activity: 9

Merit: 0

Bought at 180 today and already lost 30% Angry

BTCMILLIONAIRE

hero member

Activity: 1358

Merit: 834

Here's an example since you guys don't seem to be capable of Math.

Assume you own 10,000 MCO tokens. That is 0.001% of the total supply.

Now fast forward about a decade. MCO has become a giant and earns a yearly revenue of 1 Billion USD in platform fees (transactions, ATM withdrawals, conversions, etc.).

Since you own 0.001% of the tokens, you are entitled to a share of 1 Million USD.

This is what was promised and will no longer be delivered. And Kris says this is "pointless", which makes him either clueless, or dishonest. I hope it's the first and that he's going to find a workaround for this, like SONM already did, but I'm not having any hopes for this after his statement.

aqzu

full member

Activity: 227

Merit: 100

Just sell your MCO guys. The party is end!! It will never recover. This is the last time you will see the price. It will go down even more. Wink

BTCMILLIONAIRE

hero member

Activity: 1358

Merit: 834

Quote from: bitcoindima on October 31, 2017, 03:04:39 PM

why are you looking to assets only?
First time in the crypto world that a coin get visa program manager, this will be used for spending a lot of crypto currencies, in shops everywhere over the world, this is world news

There'll be plenty of these cards in the long run anyways.

I invested a significant sum because I was expecting to participate in the gigantic amount of revenue the fees are going to produce.

And now this aspect is completely gone and Kris apparently claims that there would be "absolutely no point" in this anyways.

Which makes him look very dishonest, since the fees will add up to hundreds of millions to several billions in yearly revenue that are now 100% going to the MCO foundation and 0% to token holders.

Of course there's no point in sharing the hundreds of millions and potential billions of yearly revenue from Kris' point of view.

But the token holders just got screwed real hard if this will be the state of affairs.

bitcoindima

full member

Activity: 140

Merit: 100

why are you looking to assets only?
First time in the crypto world that a coin get visa program manager, this will be used for spending a lot of crypto currencies, in shops everywhere over the world, this is world news

BTCMILLIONAIRE

hero member

Activity: 1358

Merit: 834

Quote from: bitcoindima on October 31, 2017, 02:27:04 PM

MCO got program manager status. While other cards have to negotiate with third parties for every minor change, Monaco can create his own policy.
So they can make new assets so dont worry

Of course they can make any number of new assets. But if those assets don't have any utility they're worthless. And right now the MCO token has lost its appeal as a token that will allow you to earn platform fees.

bitcoindima

full member

Activity: 140

Merit: 100

MCO got program manager status. While other cards have to negotiate with third parties for every minor change, Monaco can create his own policy.
So they can make new assets so dont worry

BTCMILLIONAIRE

hero member

Activity: 1358

Merit: 834

Quote from: bitcoindima on October 31, 2017, 02:16:28 PM

are you talking about the 1% fee?

I'm talking about all fees associated with the card. That number was going to be massive in the mid to long term future, which would've been enough to create a massive passive income with even a moderate investment today. But now that's just randomly gone with nothing there to replace it.

Topic: NULL - page 191. (Read 456104 times)