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Topic: Read before investing in SuperNet ICO - page 3. (Read 8720 times)

newbie
Activity: 39
Merit: 0
September 16, 2014, 11:09:49 AM
#66
Monero please stop these nonsense accusation .. what are you a community of whine children ?

There's NOTHING wrong with negative or positive opinions as long as they carry substance.  I appreciated the "Monero is a Scam" thread just because it helped condense and wrap my mind around the baggage / issues that came with it.  If I was seriously considering the SuperNet ICO I would appreciate this thread and the OP's post.

What people don't seem to get is that facts actually matter.  Watching them being debated by both the OP and SuperNet supporters help people make educated decisions rather than buying hype/flavor of the month.  It also helps stabilize the price upfront.  When people know exactly what they're getting - finding out stuff later that they already know won't send them into a panic.   Also seeing accusations that aren't true come up again and again won't send them into a panic.


You are talking to the wrong person. Mr. Stealthcoin here has done nothing but shout FUD, FUD, FUD all over the thread. He has yet to debate any of the facts, other than lashing out on anyone who even remotely tries to agree with me. You might also get a fair share once he comes around.
Cryptos nowadays is more about intolerance into the coin you have bought into.
legendary
Activity: 1256
Merit: 1009
September 16, 2014, 10:37:13 AM
#65
Monero please stop these nonsense accusation .. what are you a community of whine children ?

There's NOTHING wrong with negative or positive opinions as long as they carry substance.  I appreciated the "Monero is a Scam" thread just because it helped condense and wrap my mind around the baggage / issues that came with it.  If I was seriously considering the SuperNet ICO I would appreciate this thread and the OP's post.

What people don't seem to get is that facts actually matter.  Watching them being debated by both the OP and SuperNet supporters help people make educated decisions rather than buying hype/flavor of the month.  It also helps stabilize the price upfront.  When people know exactly what they're getting - finding out stuff later that they already know won't send them into a panic.   Also seeing accusations that aren't true come up again and again won't send them into a panic.

newbie
Activity: 39
Merit: 0
September 16, 2014, 10:09:33 AM
#64
Have you read the thread?

Do I agree with OP's conjecture? No. I don't think it follows from the evidence he presented. Even on as loose speculation it doesn't hold up because OP was not aware that jl777 has been open about his asset ownership and the asset cross ownership and has not made any attempts to hide those facts. It's listed in the superNET OP.
While I take no issues with you doing your own conjecture of the facts, you keep making statements which do nothing but make you foolish. OP wasn't aware? Really? And how do you know this?
Lets check the supernet OP, shall we? Media coverage, tweets, prediction market, after market.....ah yes NextVenture and the core (not cross) assets:
For people who weren't aware of how James structures his assets it's always good to do your own research before investing in anything. So if this thread caused some people to dive in more and attempt to better understand what they were considering investing in, then I guess it might have done some good.
This I agree to.

Any specific points you feel need to be addressed? There's not much we can say about things like OP speculating that James manipulates the price of his assets by self trading them. There seem to be a fair amount of wealthy individuals buying them on their own in the NXT community so I would say that in general the evidence goes against that. But if someone can come up with some evidence that jl777 is in fact doing that then it would be worth looking in to. But it doesn't really seem like something he would do, or that is even necessary considering how people in the NXT community seem to value his assets currently.
Fair amount of wealthy individuals is it? So why is the 400% return sharkfund0 still with 14% of the fund sold till date? Or rather why the majority of the shareholding is done by the jl777 or his own assets? Its like motorola holding majority of google's share if they were so hot and then claiming oh! google shares are so hot!!
Something he would do? So while you think low of my conjecture (which maybe fair), your "proof" is - it doesn't seem like something he would do? Yep totally an "objective" fact based observer.
newbie
Activity: 39
Merit: 0
September 16, 2014, 09:48:00 AM
#63

Sure I wish I owned both BTCD and BBR, but that doesn't make the gains in sharkfund0 an less true. Obviously the whole point of investing in something like sharkfund0 is to delegate the investing decisions and distribute risk. I wish I could just pick whatever stock goes up in the Dow Jones rather than just investing in the index too.

I don't own any jl777 related coins or assets so I'm not biased from any financial perspective. I try to look at the situation objectively. I like the idea behind superNET though as I think I've made clear. I think if it works out it's potentially a game changer for alternative currencies.

If you feel that someone saying "at least attempt to tell the truth" is equivalent to directly calling someone a liar then that's fine. My intention when writing that wasn't to brand you as some sort of serial liar, but it thought it was very suspicious that you had been researching all of this superNET stuff and happened to miss that part. But I thought we established that you didn't mean to intentionally mislead, so there's not much point in discussing it further.
Ok lets see if we can do this without the name calling.

First of all, gains in sharkfund0?
I don't think you fully grasp the situation. Here's the figure - 10k was issued. Total bought? 10k - 8617.8186 = 1382 were only sold ie 14% of the issue sold (a grand total of 3 asset sold since I posted the op). Out of the sold portion, 38% is held by jl777 himself (forget the what was held by NXTVenture - another 25%). If thats not a failure of an issues I don't know what is. I think it will make a much merrier picture if we can find the post and pre 400% gain announcement.
so fret not, you can still buy the asset though at the inflated price.

Secondly, you want a proof of the pump. I would rather ask you what proof, other than jl777's reputation, of not being any? None. Proof of one being in place? At least 2, one the majority shares being held by him and him alone, and secondly failure that is called NXT AE allowing large transactions to pass through at very low fees - 1 NXT.

Why not ask this question to jl777 and he can hire someone who could go through his account? I guess his stature is too tall and many will piss in their pants before they get this bold.

So the fact that 7 people in this thread did in fact "take statements of a "newbie account" as the gospel truth" seems to support what I said. Some people will believe what they want to believe and it doesn't take much for them to form an opinion. It's obviously easier to just say "oh fuck that superNET shit, it's just a scam" then to actually spend the time reading and researching what it actually is.

I said they were "his words" because I remember him saying just that in the thread. I didn't go to github to go count the lines myself. I'm not a programmer and to be honest I don't really care if there are 40k lines or not. I know enough that lines of code aren't any specific measure of work, but it tells me he's at least coding. Which is to me the reason I have any interest at all in superNET. Since he's not just talking about doing it, he's actually attempting to build it.

I certainly don't think he's "jesus", or anything other than just someone who seems to have a lot of motivation to get things done. He could stand to be more organized and more clear with his ideas. Also, I think he would benefit from slowing down a little bit and focusing on less things at once. But apparently that's not how he works. He's the one doing shit and I'm not, so I'm not one to argue.

Also I think you underestimate what he's trying to build. You keep comparing it to ripple or the MGW. I wrote this recently in another thread as an example of what you should be able to do from the superNET GUI that will be launched from any wallet that's a part of superNET:

-Ability to send BBR transactions with other currencies(which of course use CN's ring signatures and BBR's unlinkable outputs upgrade)
-Buy and sell assets with whatever currency you're using on the NXT decentralised asset exchange instantly with James' InstantDEX and MGW tech.
-Buy and sell crypto and fiat through the coinomat service. Which is apparently offering some sort of anonymous debit card which sounds pretty interesting(but I don't know much about it).
-It will be a platform where service providers will be able to integrate their service to be used directly from the superNET GUI. For example BTER exchange is planning on implementing their service to be fully usable from the superNET GUI.
-Integrating Bitmark's 'marking' reputation+trust system which integrates Martti Malmi's(sirius on here) Identifi. This will be helpful for using the asset exchange and to help rate any service provider on the network(or any object really).
-Decentralised peer to peer anonymous betting system via James' Privatebet tech.
Again there you go with your broken comprehension. There weren't 7 people who took newbie account's words as the truth, rather made averse statement about Supernet ie the thread was a fairly balanced one. If you really want to count people who were convinced they are none. There were those who had perceived notions about it being iffy and then found some value in numbers I put out. Or do you think they all read and said "holy shit! 500 BTC for 2k BTC assets" and took off? I see you are promoting the fact

people who support jl777 had all the equations down to the number of how much jl777 held

vs

every other person who was against jl777 as a sorry person who looks at newbie account at gets convinced? Until you hold this notion, I have to call you a moron and ask you to get off your high horse.

There are people who are much smarter than you on bitcointalk and will not invest in supernet, even if it is not because of what I said.

Do you know the beauty of github? It tracks each line being changed, so if I change the date in a header file, it will show it as a line changed. Before you jump the gun, I am not commenting about jl777, rather how weak your "objective" look of things is. If past posts are an indication, I am sure you will change your tune now and say you and the complete jl777 junta understands this too.

How will SuperNet leverage BBR's ring signature or BITMARK feature? Just out of thin air? No, the coin you hold, say BTCD needs to converted to BBR or BITMARK to be able to use that feature. Supernet will charge a fees on that transaction. So basically building a BTCD to BBR and BTCD to BITMARK and BBR to BITMARK (by triangulation) market which is good, no doubt but...

it is similar to what ripple does which is...provide a way for people to leverage usage of different assets by allowing them to input USD to buy ripple and then convert it to metals (some gateway) , BTC etc. So in a way, the market is built for USD to XRP to GOLD or BTC and triangulation markets.
legendary
Activity: 826
Merit: 1002
amarha
September 16, 2014, 05:12:28 AM
#62
So the guy made 4000 posts on this forum in one year, but did not bothered to reply on this post?

There's nothing really to reply to, if you have any questions he seems to be answering them in the official superNET thread.


So the guy made 4000 posts on this forum in one year, but did not bothered to reply on this post?

I'd rather have him coding than posting, tbh.


So you two agree all is as it is written here and you like it how it is?

Have you read the thread?

Do I agree with OP's conjecture? No. I don't think it follows from the evidence he presented. Even on as loose speculation it doesn't hold up because OP was not aware that jl777 has been open about his asset ownership and the asset cross ownership and has not made any attempts to hide those facts. It's listed in the superNET OP.

For people who weren't aware of how James structures his assets it's always good to do your own research before investing in anything. So if this thread caused some people to dive in more and attempt to better understand what they were considering investing in, then I guess it might have done some good.

Any specific points you feel need to be addressed? There's not much we can say about things like OP speculating that James manipulates the price of his assets by self trading them. There seem to be a fair amount of wealthy individuals buying them on their own in the NXT community so I would say that in general the evidence goes against that. But if someone can come up with some evidence that jl777 is in fact doing that then it would be worth looking in to. But it doesn't really seem like something he would do, or that is even necessary considering how people in the NXT community seem to value his assets currently.
member
Activity: 84
Merit: 10
★Bitin.io★ - Instant Exchange
September 16, 2014, 04:59:00 AM
#61
So the guy made 4000 posts on this forum in one year, but did not bothered to reply on this post?

There's nothing really to reply to, if you have any questions he seems to be answering them in the official superNET thread.


So the guy made 4000 posts on this forum in one year, but did not bothered to reply on this post?

I'd rather have him coding than posting, tbh.


So you two agree all is as it is written here and you like it how it is?
hero member
Activity: 854
Merit: 1001
September 15, 2014, 06:56:23 PM
#60
So the guy made 4000 posts on this forum in one year, but did not bothered to reply on this post?

I'd rather have him coding than posting, tbh.
sr. member
Activity: 364
Merit: 250
September 15, 2014, 04:27:06 PM
#58
So the guy made 4000 posts on this forum in one year, but did not bothered to reply on this post?

There's nothing really to reply to, if you have any questions he seems to be answering them in the official superNET thread.

Where is the official Supernet thread?
legendary
Activity: 826
Merit: 1002
amarha
September 15, 2014, 04:20:51 PM
#57
So the guy made 4000 posts on this forum in one year, but did not bothered to reply on this post?

There's nothing really to reply to, if you have any questions he seems to be answering them in the official superNET thread.
member
Activity: 84
Merit: 10
★Bitin.io★ - Instant Exchange
September 15, 2014, 04:17:49 PM
#56
So the guy made 4000 posts on this forum in one year, but did not bothered to reply on this post?
full member
Activity: 177
Merit: 100
September 15, 2014, 11:58:14 AM
#55
Rude ? Who is FUDing here with no facts that jl777 is a scammer ?

I was passing by and happened to see the thread, it was of interest as I had recently read the SuperNET one also. I clearly state in all my posts that I am not hating on jl777 or calling him a scammer but that it's still high risk and there is always the possibility of that in the future however unlikely. How is a business supposed to attract investors when upon questioning anything you are shouted down your neck at by it's loyalist of supporters? I call you "rude", due to the way you tend to insult me in every post rather than contribute something worthwhile to talk about.

How about i make 10 Threads now that rpietila and the bitcoin guys are scammers and Monero is a scam ?

I haven't created a single 'FUD' thread in my entire time here, nor have I contributed to it. Check my post history if you like, I simply took interest in this after reading the SuperNET thread.

I bet Bitcoin is a pump and Dump for you too like NxT coin.

I've never taken part in a 'pump and dump' and nor do I ever plan to either, I'm not the smartest guy ever and have very little money of my own to even 'invest' into the cryptomarket. Now who's making assumptions without any facts?

You did not even took your time to explain why it even could be a pump and dump while Promoting Monero coin which is clearly pushed only by pump groups.

I'm not stating anywhere it's a pump and dump, I'm not sure if it is the language barrier because you're English obviously isn't perfect, but you're really not understanding what I'm trying to say. I'm not really sure why I'm even replying to you as your reply is likely going to be ridiculous.
legendary
Activity: 826
Merit: 1002
amarha
September 15, 2014, 11:29:06 AM
#54
Let us first talk about the elephant in the room. Who am I? And why the newbie account?

...

I am sure jl777 has a long, confusing explanation about cross section, horizontal, vertical assets and marketswaps (on the assets he owns, thats not even funny). I don't believe him and won't give 10k BTC to him. Do or would you?

It's a very good and well presented post. Thank you for this! Would like James to address it.


I'm not sure there is much to address to be honest. He's always been upfront about the nature of his assets. I don't think he's hiding anything. He owns large shares of his own assets and all of his assets are cross owned.
hero member
Activity: 965
Merit: 515
September 15, 2014, 10:55:06 AM
#53
Let us first talk about the elephant in the room. Who am I? And why the newbie account?

...

I am sure jl777 has a long, confusing explanation about cross section, horizontal, vertical assets and marketswaps (on the assets he owns, thats not even funny). I don't believe him and won't give 10k BTC to him. Do or would you?

It's a very good and well presented post. Thank you for this! Would like James to address it.

I am carefully invested in SuperNET and I wish I could invest more but I have indeed concerns too. James makes it hard to get a clear picture of what he is really up to.

I know one thing thought and this is that if the SuperNET comes to live than this will most certainly become a Gamer Changer for Crypto and I don't want to miss that oportunity to have my share of it. I see it as a high risk but high future reward investment. I really like his idea of a SuperNET.

In a twisted way your post supports an investment into SuperNET or more exactly his various assets at this point of time to me:

If we assume he is after money (people with a lot of money often want a lot more so not to fully exclude) and is pumping his assets then he will also pump the assets I am invested in (I made sure not to invest all in Unity alone). It's a pump and dump scenario then and we are at the early stage imo which means a lot of profit for one that can play this game.

However I really hope he is genius and honest and the SuperNet will be a success. It would help crypto a lot. You know we still have to make crypto mainstream and a crypto backbone net is a big ticket to it.

That he will make a lot of money doing this is to expect. That's not something negative to me as long as he will deliver.
full member
Activity: 177
Merit: 100
September 15, 2014, 09:27:28 AM
#52
It amazes me to understand how people can make up conclusion about something they not even took their time or researched what a escrow is. He can't run away with all the BTC because he don't have them.

This is like saying that Etherum people would run away with the BTC their got even tho they didn't used a escrow i think people behind those projects really have more inside their brain then to steal people Bitcoins.

This reply was rude and unnecessary. I didn't slate the guy, I simply said that is this kind of system really worth that much money? Unless you are jl777 then you don't really know what his true intentions are so anything commented on is speculative. I'm pretty sure I wouldn't even be commenting on these forums if I didn't know what Escrow is. However there are too many ways for getting around Escrow now, with certain clauses allowing the collection if minimal effort is met, etc. Bittrex is a prime example of a Escrow service (fair enough not the most reputable one currently) that fails on their Escrow terms and will just hand over BTC because they get some also. At the end of the day, like I said, it's too high risk for me. Maybe not for you and your masses of intelligence...

Which you clearly display here:

Keep talking. We still don't understood you.

Only just realised also your name is 'Stealcoin'. Made me laugh, have a nice day!

Oh and keep talking, We still don't understood you.



EDIT: Just like to add, your still saying at the end that people have more in their 'brains' than to just steal bitcoins. It doesn't make sense by the way, but I understand what you are trying to say. You're still not considering the idea that smarter people simply know how to make money in smarter ways. Just because someone does something cool doesn't mean that they don't want to earn a shit ton of money for it. Don't be so damn naive.
sr. member
Activity: 448
Merit: 252
September 15, 2014, 09:00:39 AM
#51
It amazes me to understand how people can make up conclusion about something they not even took their time or researched what a escrow is. He can't run away with all the BTC because he don't have them.

This is like saying that Etherum people would run away with the BTC their got even tho they didn't used a escrow i think people behind those projects really have more inside their brain then to steal people Bitcoins.

Complete bullshit, the scammer jl777 has over 27000000 NXT (that's 2100 BTC or 1 MILLION US DOLLARS) from selling those TOKEN assets in his NXT account to that only he, I repeat, ONLY HE HIMSELF has access.

http://www.nxtreporting.com/?ac=NXT-MRBN-8DFH-PFMK-A4DBM

He has this amount and can run away at anytime. He said his aim is 10000 BTC so don't expect him to run away before that date. Mark my words, once 10k BTC is full jl777 is going to be vanished. You guys will all cry like little babies then mourning for your losses that will never come back because the smart one took it. People never learn. If you don't believe then you'll have to feel, it was your brainless decision after all.
full member
Activity: 168
Merit: 100
September 15, 2014, 09:00:08 AM
#50
People in Monero would rather run away with your money and not NxT people, if you check who is Supernet doing then you will know that this is not only one person behind it.

Because it's such a diverse topic and quite large, it's hard for me to convey how much I actually do understand about this whole SuperNET project. Monero for me is something I really don't care about, or ever have for that matter, so I won't bother going into that. I have seen the vast team behind it (SuperNET), it all sounds  very convincing indeed. But even with all of that to back it up, don't underestimate the greed of people. No-one for sure knows what jl777 will do with that BTC once he has it. My bet says he'll never return, but that's just my opinion, of course I wish good luck to anyone that does choose to invest within it, I just do NOT value the project (which it could potentially be worth one day if everything is legit, but at start-up, get real!) at 3 million GBP (Yes I'm English, so whatever that is in USD). Smiley

It amazes me to understand how people can make up conclusion about something they not even took their time or researched what a escrow is. He can't run away with all the BTC because he don't have them.

This is like saying that Etherum people would run away with the BTC their got even tho they didn't used a escrow i think people behind those projects really have more inside their brain then to steal people Bitcoins.
Ethereum already spent some of the BTC they got from IPO
And as for supernet, funds are available as buyers got what they paid for
legendary
Activity: 826
Merit: 1002
amarha
September 15, 2014, 08:54:22 AM
#49
Too much controversy to invest.

For me, this is too easily a realistic theory:

A respected and intellectual guy decides one day that he can make enough money to essentially last him a life time. Although the project is revolutionary, they still stand to make so much money that they wouldn't have to work a day in their life ever again. Personally, how can anyone not see this as the primary source of motivation? Not only that, but once they have the money there is absolutely no reason why they can't just sell of the BTC and never ever return to the cryptocurrency community. Sure there would be rage from a lot of people, but would justice ever be done? No. So how the fuck can people think it's legit to invest a size-able amount of money into this.

If someone well known for their intelligence came along tomorrow and was also well respected and they offered a similar such service, however for cheaper. They'd just do the exact same, collect the BTC and run. That's what a smart person would do, not a honest one, but a smart one.


Although the above theory cannot be proved, neither can the latter. Do you really want to give a guy 10k BTC for a project like this? IMO, I'd work 20 years solid if I was promised that amount of money in the end. Do you really think in less than a year, whatever work, is deserved on that much money? Moral fags clearly have no place on the internet. Shame for me!

He's never going to have access to all of the BTC. It's all going to be held in multiple escrows.

And he's been holding a massive amount of NXT for a while now and he hasn't run yet. And this amount of money is currently more then he's ever likely to hold again during the course of the project. So if his plan was to scam a large sum of money he's either going to do in with in the next few days or he's not going to at all. I think it's pretty clear that he's not going to do it at this point. The window of opportunity for him to scam is closing rapidly.
full member
Activity: 177
Merit: 100
September 15, 2014, 08:34:58 AM
#48
People in Monero would rather run away with your money and not NxT people, if you check who is Supernet doing then you will know that this is not only one person behind it.

Because it's such a diverse topic and quite large, it's hard for me to convey how much I actually do understand about this whole SuperNET project. Monero for me is something I really don't care about, or ever have for that matter, so I won't bother going into that. I have seen the vast team behind it (SuperNET), it all sounds  very convincing indeed. But even with all of that to back it up, don't underestimate the greed of people. No-one for sure knows what jl777 will do with that BTC once he has it. My bet says he'll never return, but that's just my opinion, of course I wish good luck to anyone that does choose to invest within it, I just do NOT value the project (which it could potentially be worth one day if everything is legit, but at start-up, get real!) at 3 million GBP (Yes I'm English, so whatever that is in USD). Smiley
sr. member
Activity: 434
Merit: 250
September 15, 2014, 08:31:10 AM
#47
In other words, he will invest ICO money in the assets that he already owns and use investors money to pump his own assets and dump on buyers.

Thanks for info. Now it makes sence for me.

this
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