[SDC] ShadowCash | Welcome to the UMBRA - page 6.

cjmoles

legendary

Activity: 1176

Merit: 1017

Quote from: menace.bit on March 18, 2017, 03:04:34 PM

Quote from: cjmoles on March 18, 2017, 02:10:39 PM

Quote from: LongAndShort on March 18, 2017, 01:38:27 PM

---snipped---

Fair enough, i understand you see it that way, personally i don't.

I see it as poor character to point fingers at the developers decisions. I see it as poor character and low quality moral fiber to point fingers at the devs in this case. Especially in regards to people making poor decisions in relation to a game being played with the token.

Id like you to point out to me someone who actually supports this project properly who is hurt by all of this. Show me someone who isn't still in profit, someone who has been actually supporting this project for more then 2 months!

Sorry but all your (everyone agreeing with you) all of your arguments don't fly with me. This whole "boohoo investor, naughty developer" narrative some of you are attempting to legitimise is to me, pointless. Its a waste of your energy.

@vtr99 its obvious you are now desperately recruiting. Its super strange and super sickening!

Cash grab here:

"How is the token exchange structured?

To participate in the Particl token exchange, you must have ShadowCash (SDC) tokens. Participants will have two contribution choices and a variable rate added to the bonus after day 3:

Days 1-3:
Donate 1 ShadowCash (SDC) + $0.15 (BTC) = 1.15 Particl (PART)
Donate 1 ShadowCash (SDC) = 1.00 Particl (PART)
Days 4-28:
Donate 1 ShadowCash (SDC) + [variable market-based function] (BTC) = 1.15 Particl (PART)
Donate 1 ShadowCash (SDC) = 1.00 Particl (PART)"

Here:

"Will there be any other funding rounds after this one?

Yes. When we create the genesis block for Particl the designated amount of tokens (per this seed round exchange) will be generated. Additionally, a second batch of tokens will be hard-coded for release at a publicly pre-determined block height approximately 9-10 months out from the genesis block. This funding round will not take place until after the public beta launch of the Particl Market and the establishment of the Particl Foundation. This allotment of tokens will represent a 10% increase in supply and will be made available through the Primary Funding Round at a designated date in the future."

And here:

"What will happen to any unclaimed PART tokens?"

At the end of the 4-week exchange period, the team will announce the total number of PART not exchanged with their respective SDC. Upon the launch of Particl, these PART will be donated to the foundation to be used for the continued development of the Particl Project."

Why the pre-announcement dump? It just looks like greed....that's all.

is there an official thread to the Particl project?

Looks like they changed something in their FAQ about the unsold ("unclaimed") tokens..

Quote

What will happen to any unclaimed PART tokens?

At the end of the 4-week exchange period, the team will announce the total number of SDC exchanged 1:1 for PART and the total number of SDC exchanged 1:1.15 for PART. The remaining PART not claimed will be split 80/20 with 80% going to the seed round participants and 20% donated to the foundation to be used for the continued development of the Particl Project.

Where did you find that? I got mine here: https://particl.io/#faq-a17

EDIT: It has be changed. It now states:

"What will happen to any unclaimed PART tokens?

At the end of the 4-week exchange period, the team will announce the total number of SDC exchanged 1:1 for PART and the total number of SDC exchanged 1:1.15 for PART. The remaining PART not claimed will be split 80/20 with 80% going to the seed round participants and 20% donated to the foundation to be used for the continued development of the Particl Project."

LongAndShort

legendary

Activity: 1078

Merit: 1050

Quote from: KingCaper on March 18, 2017, 03:12:05 PM

Quote from: cjmoles on March 18, 2017, 01:19:27 PM

~snip~

I agree. However, these type of projects rely upon community support and community support is based upon confidence....the under handed appearance of the roll out may effect confidence. If they will throw the community under the bus now to take profit, what will they do later? From a purely game theory point of view, I guess their move was brilliant, but it doesn't say much about their moral integrity, nor the future of the Particl project.

I fail to see how the team could be accused of throwing "the community under the bus". It's as if some of you read a completely different announcement. The only way to get PART is by swapping SDC. Did you follow the BTCD -> Komodo transition when it happened? They allowed people to swap BTCD for KME or to buy KMD with BTC alone and raised over 3000 BTC (~$2.3m at current rates). The team here could easily have opened the funding to non-SDC holders and earned magnitudes more money if this really was a "cash grab" as you put it. But no, out of consideration for the people who've stuck by them throughout the years they've decided that only SDC holders can participate.

The team appears to be positioning PART to become a top-5 crypto project. The inclusion of Amazon in the comparison chart gives some idea of the scale of their ambitions.

Not only that, but they plan to do it on a shoestring budget. Compare their goal to the amounts raised in recent crypto crowdfundings:

LISK - 14k BTC/~$13.3m
WAVES - 30k BTC/~$28.6$m
ICONOMI - various currencies/>$10m

And you call their funding goal of $750k a "cash grab"? It's a ludicrous accusation. It's laughable. The developers absolutely deserve to earn a living wage for their continued work on this.

Furthermore, amongst all this noise here I haven't seen a single mention of the fact that a CLI version of the marketplace has been completed. This is huge news and obviously means the GUI won't be far behind. Combined with the hiring of the professional PR Firm (see what good PR has done for the success of DASH), the Swiss foundation, the move to the newer Bitcoin codebase and god know's what else they have up their sleeves and PART is looking like the one of the most exciting projects around.

I've mentioned your points quite a few times actually. The idiots here saying boohoo are pointless wastes of my energy. Don't waste any of yours. If anyone is throwing anyone under the bus its these twits throwing the developers under the bus. The very developers that have made some of them decent money! *stares at vtr99* You dumbass jerkoff!

I've decided that they don't even need defending. This deal is done and its fantastic news. Its a fantastic future outlined and if people want to cry then so be it. Its not likely they will ever understand whats good for them, ever!

rendravolt

hero member

Activity: 2156

Merit: 521

Price still drop!

NutMasterTardd

legendary

Activity: 1512

Merit: 1015

Quote from: KingCaper on March 18, 2017, 03:12:05 PM

Quote from: cjmoles on March 18, 2017, 01:19:27 PM

~snip~

I agree. However, these type of projects rely upon community support and community support is based upon confidence....the under handed appearance of the roll out may effect confidence. If they will throw the community under the bus now to take profit, what will they do later? From a purely game theory point of view, I guess their move was brilliant, but it doesn't say much about their moral integrity, nor the future of the Particl project.

I fail to see how the team could be accused of throwing "the community under the bus". It's as if some of you read a completely different announcement. The only way to get PART is by swapping SDC. Did you follow the BTCD -> Komodo transition when it happened? They allowed people to swap BTCD for KME or to buy KMD with BTC alone and raised over 3000 BTC (~$2.3m at current rates). The team here could easily have opened the funding to non-SDC holders and earned magnitudes more money if this really was a "cash grab" as you put it. But no, out of consideration for the people who've stuck by them throughout the years they've decided that only SDC holders can participate.

The team appears to be positioning PART to become a top-5 crypto project. The inclusion of Amazon in the comparison chart gives some idea of the scale of their ambitions.

Not only that, but they plan to do it on a shoestring budget. Compare their goal to the amounts raised in recent crypto crowdfundings:

LISK - 14k BTC/~$13.3m
WAVES - 30k BTC/~$28.6$m
ICONOMI - various currencies/>$10m

And you call their funding goal of $750k a "cash grab"? It's a ludicrous accusation. It's laughable. The developers absolutely deserve to earn a living wage for their continued work on this.

Furthermore, amongst all this noise here I haven't seen a single mention of the fact that a CLI version of the marketplace has been completed. This is huge news and obviously means the GUI won't be far behind. Combined with the hiring of the professional PR Firm (see what good PR has done for the success of DASH), the Swiss foundation, the move to the newer Bitcoin codebase and god know's what else they have up their sleeves and PART is looking like the one of the most exciting projects around.

This is just standard trader tactics to cause panic for cheap coins, it happens daily in crypto.

Pumpers gunna pump.

KingCaper

hero member

Activity: 597

Merit: 506

Quote from: cjmoles on March 18, 2017, 01:19:27 PM

~snip~

I agree. However, these type of projects rely upon community support and community support is based upon confidence....the under handed appearance of the roll out may effect confidence. If they will throw the community under the bus now to take profit, what will they do later? From a purely game theory point of view, I guess their move was brilliant, but it doesn't say much about their moral integrity, nor the future of the Particl project.

I fail to see how the team could be accused of throwing "the community under the bus". It's as if some of you read a completely different announcement. The only way to get PART is by swapping SDC. Did you follow the BTCD -> Komodo transition when it happened? They allowed people to swap BTCD for KME or to buy KMD with BTC alone and raised over 3000 BTC (~$2.3m at current rates). The team here could easily have opened the funding to non-SDC holders and earned magnitudes more money if this really was a "cash grab" as you put it. But no, out of consideration for the people who've stuck by them throughout the years they've decided that only SDC holders can participate.

The team appears to be positioning PART to become a top-5 crypto project. The inclusion of Amazon in the comparison chart gives some idea of the scale of their ambitions.

Not only that, but they plan to do it on a shoestring budget. Compare their goal to the amounts raised in recent crypto crowdfundings:

LISK - 14k BTC/~$13.3m
WAVES - 30k BTC/~$28.6$m
ICONOMI - various currencies/>$10m

And you call their funding goal of $750k a "cash grab"? It's a ludicrous accusation. It's laughable. The developers absolutely deserve to earn a living wage for their continued work on this.

Furthermore, amongst all this noise here I haven't seen a single mention of the fact that a CLI version of the marketplace has been completed. This is huge news and obviously means the GUI won't be far behind. Combined with the hiring of the professional PR Firm (see what good PR has done for the success of DASH), the Swiss foundation, the move to the newer Bitcoin codebase and god know's what else they have up their sleeves and PART is looking like the one of the most exciting projects around.

menace.bit

sr. member

Activity: 457

Merit: 250

Generation Blockchain.

Quote from: cjmoles on March 18, 2017, 02:10:39 PM

Quote from: LongAndShort on March 18, 2017, 01:38:27 PM

---snipped---

Fair enough, i understand you see it that way, personally i don't.

I see it as poor character to point fingers at the developers decisions. I see it as poor character and low quality moral fiber to point fingers at the devs in this case. Especially in regards to people making poor decisions in relation to a game being played with the token.

Id like you to point out to me someone who actually supports this project properly who is hurt by all of this. Show me someone who isn't still in profit, someone who has been actually supporting this project for more then 2 months!

Sorry but all your (everyone agreeing with you) all of your arguments don't fly with me. This whole "boohoo investor, naughty developer" narrative some of you are attempting to legitimise is to me, pointless. Its a waste of your energy.

@vtr99 its obvious you are now desperately recruiting. Its super strange and super sickening!

Cash grab here:

"How is the token exchange structured?

To participate in the Particl token exchange, you must have ShadowCash (SDC) tokens. Participants will have two contribution choices and a variable rate added to the bonus after day 3:

Days 1-3:
Donate 1 ShadowCash (SDC) + $0.15 (BTC) = 1.15 Particl (PART)
Donate 1 ShadowCash (SDC) = 1.00 Particl (PART)
Days 4-28:
Donate 1 ShadowCash (SDC) + [variable market-based function] (BTC) = 1.15 Particl (PART)
Donate 1 ShadowCash (SDC) = 1.00 Particl (PART)"

Here:

"Will there be any other funding rounds after this one?

Yes. When we create the genesis block for Particl the designated amount of tokens (per this seed round exchange) will be generated. Additionally, a second batch of tokens will be hard-coded for release at a publicly pre-determined block height approximately 9-10 months out from the genesis block. This funding round will not take place until after the public beta launch of the Particl Market and the establishment of the Particl Foundation. This allotment of tokens will represent a 10% increase in supply and will be made available through the Primary Funding Round at a designated date in the future."

And here:

"What will happen to any unclaimed PART tokens?"

At the end of the 4-week exchange period, the team will announce the total number of PART not exchanged with their respective SDC. Upon the launch of Particl, these PART will be donated to the foundation to be used for the continued development of the Particl Project."

Why the pre-announcement dump? It just looks like greed....that's all.

is there an official thread to the Particl project?

Looks like they changed something in their FAQ about the unsold ("unclaimed") tokens..

Quote

What will happen to any unclaimed PART tokens?

At the end of the 4-week exchange period, the team will announce the total number of SDC exchanged 1:1 for PART and the total number of SDC exchanged 1:1.15 for PART. The remaining PART not claimed will be split 80/20 with 80% going to the seed round participants and 20% donated to the foundation to be used for the continued development of the Particl Project.

vtr99

legendary

Activity: 1214

Merit: 1000

Never compromise your standards!

Quote from: gnargnar on March 18, 2017, 02:21:22 PM

hmmm.. all true about the bad handled switch.. .but looking at ther market right now and considering there is now less than 40 minutes to go
I believe we will see a FOMO pump now. buying some for fast $$$ (like what the devs are doing, oh wait, err the "foundation")

Completely agree with you and cjmoles. No doubt they made a small fortune on the insider dump, and I'm just as sure the FOMO pump edit (will soon be) under way.

The lemmings are all too eager to cooperate.

gnargnar

legendary

Activity: 1111

Merit: 1000

crypto-enthusiast since 2012

Quote from: gnargnar on March 18, 2017, 02:21:22 PM

hmmm.. all true about the bad handled switch.. .but looking at ther market right now and considering there is now less than 40 minutes to go
I believe we will see a FOMO pump now. buying some for fast $$$ (like what the devs are doing, oh wait, err the "foundation")

welll... now less than 20 minutes to go and no FOMO yet....

we should understand that No FOMO = no interest

LongAndShort

legendary

Activity: 1078

Merit: 1050

I've said my piece, ill leave the rest of you to fear monger and point fingers.

Its this simple though, you either get it or you dont. No one cares about your paranoias or distrust. The projects developers were here long before you and will be here long after you storm off.
The real supporters are doing their bits for the project and don't really care what any of the traders think at this point.

LongAndShort

legendary

Activity: 1078

Merit: 1050

Quote from: gnargnar on March 18, 2017, 02:21:22 PM

hmmm.. all true about the bad handled switch.. .but looking at ther market right now and considering there is now less than 40 minutes to go
I believe we will see a FOMO pump now. buying some for fast $$$ (like what the devs are doing, oh wait, err the "foundation")

... do your research!!! the foundation will be not for profit!

gnargnar

legendary

Activity: 1111

Merit: 1000

crypto-enthusiast since 2012

hmmm.. all true about the bad handled switch.. .but looking at ther market right now and considering there is now less than 40 minutes to go
I believe we will see a FOMO pump now. buying some for fast $$$ (like what the devs are doing, oh wait, err the "foundation")

cjmoles

legendary

Activity: 1176

Merit: 1017

Quote from: LongAndShort on March 18, 2017, 01:38:27 PM

---snipped---

Fair enough, i understand you see it that way, personally i don't.

I see it as poor character to point fingers at the developers decisions. I see it as poor character and low quality moral fiber to point fingers at the devs in this case. Especially in regards to people making poor decisions in relation to a game being played with the token.

Id like you to point out to me someone who actually supports this project properly who is hurt by all of this. Show me someone who isn't still in profit, someone who has been actually supporting this project for more then 2 months!

Sorry but all your (everyone agreeing with you) all of your arguments don't fly with me. This whole "boohoo investor, naughty developer" narrative some of you are attempting to legitimise is to me, pointless. Its a waste of your energy.

@vtr99 its obvious you are now desperately recruiting. Its super strange and super sickening!

Cash grab here:

"How is the token exchange structured?

To participate in the Particl token exchange, you must have ShadowCash (SDC) tokens. Participants will have two contribution choices and a variable rate added to the bonus after day 3:

Days 1-3:
Donate 1 ShadowCash (SDC) + $0.15 (BTC) = 1.15 Particl (PART)
Donate 1 ShadowCash (SDC) = 1.00 Particl (PART)
Days 4-28:
Donate 1 ShadowCash (SDC) + [variable market-based function] (BTC) = 1.15 Particl (PART)
Donate 1 ShadowCash (SDC) = 1.00 Particl (PART)"

Here:

"Will there be any other funding rounds after this one?

Yes. When we create the genesis block for Particl the designated amount of tokens (per this seed round exchange) will be generated. Additionally, a second batch of tokens will be hard-coded for release at a publicly pre-determined block height approximately 9-10 months out from the genesis block. This funding round will not take place until after the public beta launch of the Particl Market and the establishment of the Particl Foundation. This allotment of tokens will represent a 10% increase in supply and will be made available through the Primary Funding Round at a designated date in the future."

And here:

"What will happen to any unclaimed PART tokens?"

At the end of the 4-week exchange period, the team will announce the total number of PART not exchanged with their respective SDC. Upon the launch of Particl, these PART will be donated to the foundation to be used for the continued development of the Particl Project."

Why the pre-announcement dump? It just looks like greed....that's all.

vtr99

legendary

Activity: 1214

Merit: 1000

Never compromise your standards!

Quote from: LongAndShort on March 18, 2017, 01:38:27 PM

Quote from: cjmoles on March 18, 2017, 01:19:27 PM

Quote from: LongAndShort on March 18, 2017, 12:58:29 PM

Quote from: cjmoles on March 18, 2017, 12:40:20 PM

Quote from: LongAndShort on March 18, 2017, 12:27:49 PM

Quote from: cjmoles on March 18, 2017, 12:24:17 PM

Quote from: LongAndShort on March 18, 2017, 12:14:43 PM

Quote from: mazzaneo on March 18, 2017, 12:06:52 PM

Although I find the concept quite interesting I am still not sure what the benefits of investing are yet, additionally, can someone please tell me if I will require a wallet to send funds or can I use an exchange?

I cant talk for investing because its reckless but the concept should speak for itself.

Its a working set of privacy tools. Its a working marketplace prototype being moved to a platform that is neutral not bias. Meaning it opens its doors to the world instead of only a few sections. Its more funding, more exposure. Its the next logical step for a crew of developers and testers who have generated a suite of tools ready enough to serve a real world market! Its time for it to become production ready.

It's not a cash grab? It seems like the "foundation" realized that they could capitalize on the platform by separating what they've been working on by offering it up as a new crowdfund and taking profit for themselves instead of developing on the current project....right?

Its a startup project and the assets are real, we've tested and seen them with our own eyes! How do you move forward without funding?

I'm not saying that an innovative project shouldn't offer investment opportunities to the community. The way it happened feels underhanded....We've been supporting the network all this time, and now the network we've been supporting is getting abandoned and its "support equity" is being held up for ransom....The new project seems very promising, but the roll out seems like an underhanded maneuver to take profit off the backs of those who've been supporting it. Right? It just feels wrong morally....

Its their tech, they can do what they want with it. People can keep the Shadow chain, tech and branding if they want to however, they will have to find competent developers to work on it and PAY THEM!
They don't work for people playing with the currency market. They do not work for the exchanges! People have been freeloading from their work for a long time you know. Its the beauty of open source and its how it should be.

They work for themselves, their vision and you could also say their own profit somehow. We support that vision and some even bet on its token on market exchanges. (which have nothing to do with the project!) Those are our choices to make. No one forces us to do anything. We do it knowing full well it could all have been for nothing or all for something.

The development team have been through thick and thin in this space. They have proven themselves so many times. They are still here and chose now to evolve. Its our choice to evolve with them or walk away. Anyone who got in early has profited. Those who bought on a rally and chose to sell at a loss cant blame anyone but themselves. Its a whole separate game they took risk in.

Those who bought in looking for a quick profit over the last few weeks and now have to hold to regain their money back or even risk waiting for a better yield do so at their own choice and risk. Its the game they entered into knowing full well it could happen and knowing full well they could be rich now or having to hold. There was no waiver but i'm sure if there was one it would have been signed for the chance to become rich. Its not the developers fault that people had a choice and a chance to get rich on another platform, using this techs token. Why are they responsible for the actions of these people when their focus is the tech.

If you chose to bet on it on a exchange then how on earth is that the responsibility of the developer. They made the tech and maintain it and you chose to use it in a risky game then i argue you wear the responsibility of it.

I agree. However, these type of projects rely upon community support and community support is based upon confidence....the under handed appearance of the roll out may effect confidence. If they will throw the community under the bus now to take profit, what will they do later? From a purely game theory point of view, I guess their move was brilliant, but it doesn't say much about their moral integrity, nor the future of the Particl project.

Fair enough, i understand you see it that way, personally i don't.

I see it as poor character to point fingers at the developers decisions. I see it as poor character and low quality moral fiber to point fingers at the devs in this case. Especially in regards to people making poor decisions in relation to a game being played with the token.

Id like you to point out to me someone who actually supports this project properly who is hurt by all of this. Show me someone who isn't still in profit, someone who has been actually supporting this project for more then 2 months!

Sorry but all your (everyone agreeing with you) all of your arguments don't fly with me. This whole "boohoo investor, naughty developer" narrative some of you are attempting to legitimise is to me, pointless. Its a waste of your energy.

@vtr99 its obvious you are now desperately recruiting. Its super strange and super sickening!

Recruiting??? WTF are you talking about?

I'm just stating the facts. If you don't see them, fine.

This project has suddenly become something completely different than the original objective. That change has been at the expense of investors who believed in something other than what is now being delivered. Not only that, but a huge reduction is market cap created by springing this "surprise" on people that were expecting something completely different.

There isn't anything to debate on those points, because they are simply facts.

So I'm not recruiting anyone. I made plenty on SDC, and I'm quite grateful. I wish the entire team the best of luck on the new project.

But the way this was done leaves a rather large trust issue for me. Again, just my opinion that this was very poorly thought out and executed.

If you find that strange, I suggest you worry more about your lack of comprehension.

NutMasterTardd

legendary

Activity: 1512

Merit: 1015

There are worse projects to be a part of, you've seen such huge growth over the past few months the value dumps but it's still up much higher than levels of months ago? I've been a WAVES bagholder since ICO and trust me there are worse market trends.

So surely there should be lots of people here still in profit?

Or is it only those who are mad because they bought in at an ATH?