Topic: [PoS] Edgecoin - Marketplace - Gambling - Advanced Wallet - 15hrs IPO stage 1 - page 21. (Read 37175 times)

Investor page updated

12 investors at the moment

http://edgecoin.info/investors.html

Nah definitely not, these things are like clock work. It's all mathematical, a certain percentage of people are going to attack you, and some will support/invest in your vision no matter how good/bad you are.




Nice, my point perfectly illustrated right before I post:D

 

Thank you, I think many of the naysayers were misunderstanding that as well (which is why they continued to harp even after you said that).

Haha, I see where you're getting lost. When I say "within" stage 1, I mean you can be a stage 1 investor even if you release funds AFTER stage 1/2/3/launch

We are looking forward for this coin, this one has caught my eye.

Din, I think the confusion is arising because you keep saying within stage 1. Which means escrow would have to be released before the stage ends (the client is released), right?

I'm so confused now...

So far stage 1 is going fantastically! Updating the investor table as we speak. We're definitely on track to start offering IPO within stage 1 (final 1-2 days) as well as stages 2 and 3

hey guys, he's saying the last two days before stage 1 ends the escrow doesn't release until AFTER the client is released...

maybe this is legitimate...

You made some very strong points and I definitely agree that people need to weigh the potential of loss/gain.


Mintcoin, peercoin, and ultracoin are also "PoS" coins. This isn't where you shill your "awesome" new coin.


That's a good point! Check this out.
http://edgecoin.info/invest.html

Thanks for the question



Make your own coin, implement new advances, see how much of a time and money investment you and your team have to make just to have it operational. Make sure it has no premine or IPO either.

If you like the features of this coin, but don't like IPO - then why don't you check out ZEIT coin. ZEIT is also a PoS coin, with 25% interest per year. Currently it is in it's third week of 6 weeks of mining.

https://bitcointalksearch.org/topic/zeit-community-knights-ultra-low-inflation-micro-payments-487814

LOL a scam again.

Hey damn noobs, it is simple :

No escrow = No money back

This is not the same at all. Chocobo you should be ashamed of yourself. I would hope someone with your activity would be a little more knowledgeable about these things. The fact that you would even equate this as the same as any IPO is negligent and irresponsible.

If you read the site, my posts or some of the other members complaints the IPO escrow must be released EARLY. There is no clearly defined reason for this, only citing "overhead costs" which makes no sense whether the funds are released one day before the product is released, or one day after.

So if you are payed thursday its ok, but if you are payed friday, you might as well pack everything up, shows over, can't continue? Give me a fucking break. How is this not a big giant red flag to you?

Saying "if you don't like it, don't invest" is a fucking cop out. If we see something thats wrong we have a responsibility to do something about it. Not just sit around and let less-knowledgeable people get scammed.

Yes, there are many IPOs, but those fair IPOs that use escrow operate on the common principle of reducing risk to the investors. If the "developer" has no product or doesn't deliver that product they get their money back. There is no benefit to using this escrow. If he has no product or doesn't deliver, THEY CAN'T GET THEIR MONEY BACK.
You are a fucking chump for suggesting this is the same as any other IPO.

The point of escrow is to protect yourself from fraud. This escrow does NOT protect you from anything because it still allows the developer to take the funds and give nothing in return.

People are gonna keep getting scammed until we take a stance and say "No, its not ok to operate like this".
This community is a fucking joke because people like you sit around and do nothing.
Stop being part of the fucking problem and start being part of the fucking solution.

If we demand that all IPO's use escrow from now on, there is little to no trouble for legitimate projects and it would deter ALL fraudulent projects.

That's not how PoS works. PoS can only work from your client.
The marketplace in the client screenshot is nothing but a cryptsy API, you still need the coins there on cryptsy wallet. And if you constantly withdraw from the exchange as soon as a trade happened, you constantly pay fees and your PoS never comes in because the coins that return from exchange are new and need to mature for PoS, so as long as you trade you get no PoS but the exchange gets constant fees.
No exchange would trade your coin that you have not sent to them earlier, therefore they will always have a hotwallet with coins in it and they will get the PoS.

Nope i mean directly in your own wallet. Right now if you want to trade coins you have to put them in the wallet of an exchange, the exchange keeps your minted POS and autosells them. Because of that prices stay low.

It's not something they promised yet but do this and you would have something really special. Would be a good upgrade after launch.

Like credits? Like gpucoin? Like mint?

Al bashing aside a coin with it's own marketplace that mints directly in your wallet while still being able to daytrade would be the BOM!
I really hope this takes off.

Right, this is the same as any other coin with IPO.

IPO in coins is the most blatant expression of human stupidity in the cryptomarket.
Someone pays money for something that has not even been released let alone showed working (many IPO-Coins failed at launch for various reasons), to some guy on the internet who made a posting in a forum. Someone really gives money to THIS? Go figure!
If people invested that money in poker, they'd been on a safer boat. Just for poker, one needs some little remains of sense to play it right and proper...

The reason why expecially I am against IPO have been expressed so often in many of these coin threads, that all have come out as failure and devs running off with the money. Coin creators promise heaven and earth and we have a flood of shitcoins, failures and scam in here. As much as I explained, why a successful coin with a good maintainer and a good community neither needs premine nor IPO.

This is the easiest way for scammers to get much money (up to ten times of average annually income) for work that needs less than a few days cloning open source code if at all. In the end, it destroys trust and enthusiasm in the crypto community and it needs to stop! Less than a year ago, even premine was frown upon, today scammers don't even need to release a coin to collect money for literally nothing. Today they proclaim IPO programms and everyone throws their few BTC at them.

The future escrow arrangement implies a post-launch fund release.

As you would probably put it, the logical escrow way.

Question about this: Does this mean the escrow can hold those funds until after the end of stage 1, or must escrow be released before stage 1 ends?

If before, then that defeats the whole purpose, no? I ask because you previously insinuated that escrow would have to be released before the end of stage 1. Will you please clarify?