Bitcoin Forum

ipo/ico/ito

FYI!

The one issuing it can have outlandish premine for free. They can buy all the coins they want from themselves for free.

people buying that stuff without asking any questions seem to be pretty naive.

this outcome wasn't anticipated!


https://bitcointalk.org/index.php?topic=829576.msg9401995#msg9401995

http://i60.tinypic.com/2yoz7rb.png

http://i59.tinypic.com/b5gun9.png

no comment needed. You figure that out yourself  :-*

jup, censored again. You know it.

seen my posts always deleted then i will spread it here;

if dan want to come out clean and honest then this subject need to covered
if xc, inc. is dan software business which offer writing code and reviewing code for crypto then it's not good and he should stop
dan software business = loljoe software business = endless crap coins
this is why i hope it will never happen, i hope dan software business have nothing to do with crypto

disclaimer: i haven't been interested or aware of blocknet before i saw all this BS here today in which i dug around a bit. I am not holding any of these coins or any competing coins. This just happend without me doing anything particular other than random commenting.
lol. Good luck to the investors finding out the truth about their investement.

If you want to get onto the being sued list, do continue your slandering ways:

http://cs.stanford.edu/people/eroberts/cs201/projects/defamation-and-the-internet/sections/precedent/cases.html

over at the ann they just told me they couldn't be sued for buying their own ito because it's crypto. It's not even consistent. If you would try to sue me you'd had a lot of shit going for yourself too since the one issuing the ito admited to buy it himself. You're the one getting sued if anyone does.

There is no diffamation here btw. This thread is pure documentation so far.

Buying crypto is kinda different than slandering and defamation of a public figure.   If you work at a company, do you get sued if you buy their stock after it's public?   Are you that dumb?

Which part of him saying he got up early to buy it (after it went public) do you not understand?

i did not slander or defamate anyone. Please read this thread again and know it's the only one of me regarding this topic. No accusations, slander, defamation - not even names. You seem to confuse things. Wrong thread.

Oh right, this is just another kind of fud.   Calling something a scam is not accusations now?

not 'slander of a public figure'

i removed the word to be sure though. I know how laws apply, no worries. I am within the rules. It's the swarm/collective that's on your ass right now. I don't know if you understand that. I'd recommend to move on since there aren't any legal attack-vectors for you here and you'd probably just make a fool of yourself hanging out here in the long run.

I am not claiming if Dan is innocent or not you have to understand.    I am just sick of seeing these claims with some super weak "evidence".    Here you are... making another claim.   How do you substantiate what you claimed... Please show me the transactions that you SAW that this is truth.  

Who is selling?   I don't know and that's why I am not claiming if I know who is selling.   That's the point.  You are claiming that it's Dan that is selling, but what is the indisputable proof?!?!   If you can show me, then at least I can also go HOLY SHIT, that's real!   Until then, all I can say is I don't know who is selling.  You see the difference?

We can NEVER know how many coins someone has.   Just like we don't even know how much Evan has in DRK still and we KNOW he instamined millions.   Even claiming that he has any coins now can never be proved because well we really don't know if he does or does not have coins left.    So, even any claims of Evan isn't really valid since there is no more proof.

is this another retarded thread?
What the hell is wrong with them investing into the ITO.

For real people...are you fucking retards or something?

yup 89% of the "kids" on Btalk are retarded...... ever since the btc boom and the altcoin boom's of late 2013-2014 the forum has turned into a preschool for the retarded with very few "normal" people still around.

u r here 2 so u r included in your comment  ;D

Thyis is definetly the most retarded FUD thread ever created. Are you really that stupid?? What's wrong with buying into their own ITO with their OWN Money after it went Public?

Lol I'm starting to think as well there is no need for the team for any official statements just go ahead in creating fuckturds threads like this one so people can realize the poorly organized FUD scammers group you all are.

Can't wait for the legal action..

Popcorn..

So if i understand this correct you (the OP) thinks it is wrong for people to use there own money to buy into there own company, using the same route thats open for everybody else.
You must lead a limited life trying to avoid products IRL cos most if not all companies work like that or do you also have simulair threads open somewhere on the net about probably every other product/company in the world where the top own shares or stock?

F.ck, i own stock in the company that i work for, normal people consider this a great motivator

You have proof of this?

Great job and smart of you to act fast and get proof of it before Dan tried to hide his screw up.

WHAT proof?

Lol, you are senile...
For real? So the team is not allowed to invest? :)))

RETARDS!

LOLZ!!!!!!!!!!!

look at them. Now comparing cryptocoins to companies again. They do never know which is which. They twist that the way they need it twisted in the very moment. Very typical.

Buying coins from your own ipo in crypto is not hard to do. Everyone claims money goes to 'the developement fund'
Problem is: in 99% it doesn't because you know, it's crypto - it never gets used for 'promotion and giveaway' or 'developement'  ::)

So in a crypto-ico the exact same person who issues the ico admits to buying it was in fact a bit of a dumb move here.
There is no way people could ever know what's going on with ANY of these ipo/icos. Huge fraud could be happening right under our noses  and very likely is.

Nothing new here. Just a dumb OP of an ANN admitting to buy into own ico. We knew all this before.

Off course is not hard you pay for it you buy it. LOLLOLOLOL

Ohhhhh........Can I be added to the being sued list?

Dan Metcalf is a liar and a fraud, can't code shit, and is nothing more than a bitch for Prom/Bobsurplus.

Did I make the cut?  Please!  I wanna see a pdf court document that says at the top Dan Metcalf vs. ILoveBigBlackCocks

Be careful Bobby buys shit from ebay for mods here..
https://bitcointalk.org/index.php?topic=489001.msg5389160#msg5389160

Basically your reply throws the hole argument of this thread down the drain, LOL Talking about twisting & choosing but thanks anyway

Can't code?

Go and claim the bounty for his anonymity solution, I dare ya. No fucking takers since June, unclaimed. No provable link to be found on the blockchain.

Can't code? GTFO you cock-riding weirdo.

Since the beginning of fiscal year 2014, Apple has spent $45 Billion to repurchase its stock.

http://appleinsider.com/articles/14/10/21/apple-inc-surprises-with-massive-17-billion-q4-stock-buyback (http://appleinsider.com/articles/14/10/21/apple-inc-surprises-with-massive-17-billion-q4-stock-buyback)

BLOCKNET Stay on topic.. No derails

Buying into your own shares (stock, coins, whatever) is normal, common practice.

Like Apple does. Like BLOCKNET did.

in crypto this opens a wide door for potentially insanely big scams. But it's normal, sure.

"Just shut the head and hand over the money - everything's fine. You can trust us. We are making the world better. That's how it's done everywhere." ;)

You should ask this forum to ban him or make him change is username at least

just sue him   ;)

it's not blocknet it's 'sue-your-slander-NET'


rofl

first time a coin-crew walks the forum threatening to sue everyone and even posting personal info of people. I think this looks like a fascist operation.
The community will be pretty amazing with this good start i am sure.

Go sue everyone on altcoinsection in btctalk because they didn't like your coin-thingy. Everyone is going to love blocknet, i swear. Pretty well done.

Stealthcoin aka spoetniks bitch has been trolling and fuddin for ages on this forum, time to bann his ass

'sue-your-slander-coin' ico for 2500 btc on trex tomorrow  ;)

Closed source of course and if you don't like it we are going to 'sue your slander'  ;)

great coin motto

we are trying for months

It is not closed source

Sue my dick you troll fudding wanker. Yeah that's right, sue my dick.

^ What he said. Xbridge code will be released shortly as proof of concept.

It's unbelievable that people would pay for vaporware at a valuation of 2500 BTC. Only idiots would defend it.

shhhhhhhh go back to the dark thread..they need just 850 BTC they already have them they will smash soon the tech in your face as XC did with Rev 2

Yes of course sorry. Please don't sue me.

Don't sue us, bro!


(lel)


Ok, calm down everyone. Don't sue anyone for just 5 minutes. Can you do it? Sueing is banned for the next 5 minutes you little wieners.

Pretty interesting how all this crap is jammed down your throat. People roaming the forum trying to silence other peoples voices is a serious concern not only for me. Why don't you take your crap and just gtfo with your "sue-everyone" and your fucked-up shitcoin-cluster? Just gtfo fascist pigs! Stick your ito up the ass. You are done here. Fascists and beggars to the system not welcome! I think they have no idea what kind of people hang out here.
Go ahead, sue all the altcoinscene and try to sell your crapcoin then. Threatening people with violence in private messages what we have heard. You are not the bullies here. Your shitcoincluster is likely done with image-wise. You did great work in public relations, congrats.

It's actually much worse than admitted in the OP.

In an article I read (but can't find) Dan admits to the interviewer using the XC premine that got moved to "Pay himself back" and he "Purchased blocknet tokens with it"

So essentially what you have is a developer using money from the premine to pay himself and buying into another security in which he owns both the XC he buys with and the blocknet tokens after purchase and the XC was taken from the community premine fund.

I mean ... how many holes do the XC hodlers have?  Not sure but Dan plans on finding out...

last thing I read about this was that the pre mine was spent by september and the funds went towards paying synechist and tekka and others. dunno if any proof of this has been posted yet.

be interesting if you can find where dan said that?

We were also told months ago that all expenses would be transparently documented and they were not.  We were told there would be a list of expenses to come out soon - it has not.

Dan, Synchist & Teka all say it's no one's business how much they get paid which pretty much means they get to dip into the pot when & how much they want without ANY accountability.  In this case it was to buy their own blocknet tokens and get their XC back.


So in summary.  Dan sets his own salary and pays himself sometimes and doesn't others - no one knows.  And right before the blocknet he awards himself XC from the dev fund for back payment and invests it into the new blocknet where he will own both the XC tokens he paid himself and the blocknet tokens.

http://cointelegraph.com/news/112830/the-alt-cracks-1030-xc-spends-its-premine-nxtty-is-released-shaq-talks-quark-more

Yo don't leave out the bit where he outlines what the premine paid for. Doesn't fit your agenda eh?

"He also shared with me that some of the premine was used to pay him to pay back some of the money he personally invested into XC's mobile app development. Some of that XC paid to him was then sold to buy his own stake in BlockNet, but he stressed that the XC premine was not directly used to buy BlockNet's ITO and has been used exclusively for development of XC and its related projects (including bounties, multi-pools, an ATM and the mobile app)."

That's a direct contridiction to his above statement.

He "paid himself back" for his time on the mobile development?  And then used the funds to buy BlockNET.

It's all just wordplay.   He used XC premine to buy BlockNET because XC owed him.  But stressed the XC premine was not directly used to buy BlockNet.

Those statements can't exist together and be truthful from what I can see.  Please elaborate on what he's actually saying (in your opinion)

So if the team has enough money to buy into their own ICO, then why do they need the ICO in the first place? Isn't the biggest part here, raising enough BTC to pay for the development of the software in the first place?

I thought they were pinching pennies here. Is there any open documentation relating to how much money they spent buying into their own ICO?

I mean, they set a minimum of what? $300000 in BTC value? If they had all this money to buy their own ICO, surely they could have lowered this needed 300000 to further development on their project!

Where's the open ledger showing their funds?

don't you see: the more they buy into their own ico the better for them because: impression of more demand and more coins for them since they get the spent bitcoins back in the end - it's their ico after all. Does the penny drop?
Ipo/ico in crypto easiest (and undetectable if you're not fully dumb) large scale opportunity to scam with next to no risk of getting caught in the entire human history.
People who send their coins to such presales must be retarded tbh.

Developing something costs Pizza and rent for a flat. You don't need 300k for developement. Are they actually hiring Stephen Hawking or what? For 300k dev fund you could let a team of professors and astronauts work it out.  ::)

Same here. I even bought it with money they paid me with! For shame!

You monsters!!   :D

I get that, but why offer people an unfinished product due to lack of funding, that they promise to finish? Technically speaking, it sounds like they're selling them something with zero value, as the product is unfinished and unusable, under the impression that it will be finished when they can pay for development.

If they can pay for the development already, then why are we selling people something that is not a finished product, and not even in a usable state, giving the impression that the only reason the product isn't finished is because they don't have enough money, and then saying that they need your money so they can put money aside to buy their own token?

I'm just not seeing it, it's not adding up.

I mean, what's stopping them from buying the entire $300000 minimum of the ITO in the first place, so they don't have to refund people, to secure all extra money of an unsuspecting buyer which might have been $300000 anyways?

Im just looking for a transparent ledger is all.

Regardless of the actual cost of development, I'd expect the ledger to show the spending for that as well, because even if it costs only a few thousand to finish the software, they can put the difference toward further improving the product, maybe even propose a 'bonus' for getting it done on time and exceeding expectations?

It looks like we're skipping right to the 'bonus' and cutting out everything inbetween, but I don't have a transparent ledger to verify that.

Why else host an ITO?

What if something happens, and it becomes impossible to finish this? Wouldn't they have wanted to protect people in case something catastrophic happens and it doesn't get done, especially if they already have the funding to do it themselves?

If they can already make the cheese, then why am I still being milked?

I think you are looking for a deeper level of logic that doesn't exist in this situation.

You obviously would never succeed: