Topic: On exit schemes or scams. A theory. (Read 317 times)
@Wosterlee. Maybe there are whales at Lisk that want to join in the exit scheme/scam without surpressing the price of LSK. The ICO tokens based on Ethereum are like derivatives made to gain more profit. Once the exchanges list them and make them tradable versus bitcoins that is it. They now have a way out by marketing them to the people in the community who does not know what really is going on.
There is a lot of money flowing around ETH, it's not based on potential IMO as I find ETH incredibly flawed. It's more based on propaganda.
Iconomi has not raised 10 Mill in ETH, but 10 million USD worth of BTC+ETH(2,5 million in total)+LSK+USD+Euro.
What surprises me more is that Ethereum-based Iconomi has raised 4% of the Lisk market cap. What's up with that?
Do they think it's got more potential then ETH? If you look at the LISK market cap and it looks pretty suppressed to me. (Expanse as well btw) Is it to give the developers less value for their premine?
Iconomi has not raised 10 Mill in ETH, but 10 million USD worth of BTC+ETH(2,5 million in total)+LSK+USD+Euro.
What surprises me more is that Ethereum-based Iconomi has raised 4% of the Lisk market cap. What's up with that?
Do they think it's got more potential then ETH? If you look at the LISK market cap and it looks pretty suppressed to me. (Expanse as well btw) Is it to give the developers less value for their premine?
ETH is a shitcoin elite. I doubt they will dump their $1B marketcap for a few get rich quick DAO ... oh ... yeah the DAO.
For those who have not read the news about the Oasis darknet market place and the Monero exit scam then please google about it because this topic is derived from that story but it is not related to it.
The topic is about the possibility of other exit scams in the cryptosphere. In the new Ethereum based ICO, we have witnessed their funds raised to reach over $1m in ETH. Iconomi has collected $10m worth of ETH, First Blood $5m and the others are of the same number. What if all that money was not entirely from the "community" but is actually from the original insider whales of Ethereum? What if they are looking for an exit from all the ETH they are holding without upsetting the price of ETH? Or it might be worse. What if they are doing this to profit and then rinse and repeat?
It is like the ICO tokens have become a derivative of ETH where they can profit in BTC and then buy back ETH again then repeat the process. What are your thoughts on this?
The topic is about the possibility of other exit scams in the cryptosphere. In the new Ethereum based ICO, we have witnessed their funds raised to reach over $1m in ETH. Iconomi has collected $10m worth of ETH, First Blood $5m and the others are of the same number. What if all that money was not entirely from the "community" but is actually from the original insider whales of Ethereum? What if they are looking for an exit from all the ETH they are holding without upsetting the price of ETH? Or it might be worse. What if they are doing this to profit and then rinse and repeat?
It is like the ICO tokens have become a derivative of ETH where they can profit in BTC and then buy back ETH again then repeat the process. What are your thoughts on this?
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