Bitcoin Forum

Alternate cryptocurrencies => Tokens (Altcoins) => Topic started by: SpaceGoldMine on February 12, 2019, 06:36:05 AM



Title: s
Post by: SpaceGoldMine on February 12, 2019, 06:36:05 AM
s


Title: Re: [ANN][ICO][SGOLD] SpaceGold - Bringing Physical Gold from Space
Post by: dzkrb1966 on February 15, 2019, 03:15:06 PM
What is this? A toy such as mining gold from asteroids? You can also call asteroids by the names of investors. You only agree with astronomers.


Title: Re: [ANN][ICO][SGOLD] SpaceGold - Bringing Physical Gold from Space
Post by: Miiike on February 15, 2019, 09:32:31 PM
You conveniently copy and paste your entire whitepaper to this ann thread, a very nice gesture to dissuade people from reading. Understandable, though. With such spectacular goal and only two staffs (according to your site) working, certainly it's very hard to create an interesting ann thread.


Title: Re: [ANN][ICO][SGOLD] SpaceGold - Bringing Physical Gold from Space
Post by: Miiike on February 16, 2019, 07:43:05 AM
You conveniently copy and paste your entire whitepaper to this ann thread, a very nice gesture to dissuade people from reading. Understandable, though. With such spectacular goal and only two staffs (according to your site) working, certainly it's very hard to create an interesting ann thread.

The material posted here that was from the white paper was just the abstract.  The other material explains how streaming contracts work since it wasn't covered in the White Paper.  There are twelve companies that are building hardware right now.  They are being loaned funds in return for streaming contracts.  How many people do you imagine are needed to do that?  

You might want to actually read a thing before commenting.  That always help avoid embarassment.  



You might want to actually read the definition of sarcasm before commenting. That always help avoid embarrassment.

And how on earth could I know how many people on your team? You only listed two. One CEO and one engineer. I imagined tens, if not hundreds, but maybe your engineer is just that extremely ultra super ultimate talented that he can tackle everything.

Yet, maybe your company is simply just unique. You (as you claimed) add info on a forum thread, that's not available on the whitepaper. Definitely a logical way to attract investors, we can always like, "hey, thank you for your offers.on investing with us, read the info about this bits on the WP and about that bits on the forum, ok? What? What do you mean by writing all the info on WP? No, we don't want to give our investors convenience. Yes, we understand that's literally our business proposal, but no, we don't want that."

By the way, have YOU read your own whitepaper?


Title: Re: [ANN][ICO][SGOLD] SpaceGold - Bringing Physical Gold from Space
Post by: dzkrb1966 on February 16, 2019, 05:28:39 PM
What is the payback period of your project, dreamers? Do you have Ilona Mask on your team, who will build a mining ship for you?


Title: Re: [ANN][ICO][SGOLD] SpaceGold - Bringing Physical Gold from Space
Post by: Miiike on February 17, 2019, 10:12:09 AM
What is the payback period of your project, dreamers? Do you have Ilona Mask on your team, who will build a mining ship for you?

Please read what has been written. 


You missed my post, and by the way, (because you repeat an almost similar urge to him as you to me) have you read what has been written?

Also, it'll be very nice if you can simply reply him with the numbers of your projected PP


Title: Re: [ANN][ICO][SGOLD] SpaceGold - Bringing Physical Gold from Space
Post by: tippytoes on February 17, 2019, 10:03:00 PM
What is the payback period of your project, dreamers? Do you have Ilona Mask on your team, who will build a mining ship for you?

Please read what has been written. 


You missed my post, and by the way, (because you repeat an almost similar urge to him as you to me) have you read what has been written?

Also, it'll be very nice if you can simply reply him with the numbers of your projected PP

This project is going nowhere. If this is a legit project, they will not list only 2 staffs. We are talking about the exploration in space here. I don't buy the idea that this is a legit one.


Title: Re: [ANN][ICO][SGOLD] SpaceGold - Bringing Physical Gold from Space
Post by: Miiike on February 18, 2019, 09:49:31 AM
What is the payback period of your project, dreamers? Do you have Ilona Mask on your team, who will build a mining ship for you?

Please read what has been written. 




You missed my post, and by the way, (because you repeat an almost similar urge to him as you to me) have you read what has been written?

I read the post here.  Is there another I should have read?

  • You conveniently copy and paste your entire whitepaper to this ann thread, a very nice gesture to dissuade people from reading. Understandable, though. With such spectacular goal and only two staffs (according to your site) working, certainly it's very hard to create an interesting ann thread.

Also, it'll be very nice if you can simply reply him with the numbers of your projected PP

I did.

--snip--
 

You did read your WP? Oh, glad to hear that. So you're surely know you have a small (but rather crucial and eyesore) typo? You didn't realize it? Funny, because as someone who urge everyone to read, you failed to spot while I saw them right away because. Or are you saying you're doing it deliberately?

A small mistype is an acceptable human error, but still it was frowned upon on an business proposal. Team are expected to read carefully before publishing them.

Well, I guess that's what happen if you work with only two team member, they're too "busy" reviewing loan application that they publish a WP carelessly. And no, I'm not talking a simple letter typo like "and" typed into "snd".


Title: Re: [ANN][ICO][SGOLD] SpaceGold - Bringing Physical Gold from Space
Post by: LoveCryptoAll on February 18, 2019, 07:54:28 PM
How do you know that there are gold and diamonds flying through the solar system? As far as I know, American missiles fly on Russian engines, and if anyone gets a chance to mine, these will be the leading world powers and these projects will be very, very expensive.


Title: Re: [ANN][ICO][SGOLD] SpaceGold - Bringing Physical Gold from Space
Post by: Miiike on February 18, 2019, 10:26:29 PM
I honestly spent several mins trying to figure how's the best way to reply you, as you throw everything from the earlier discussion into a jumbled post, which made me went straight into thinking if this project hire a community manager to help them, a barely-teenage CM most likely. Because if I have to guess which of the two people of the team replied me, I honestly can't point it out. Certainly not a CEO that's very well connected and supposed to know how to carry himself, and definitely not a highly educated engineer (or so, they claim).

Anyway, let's try to answer you this way,

Sarcasm
Not important, really, out of topic, yet as you decide to take it into matter... lots of people can easily spot sarcasm in a non-verbal context actually. And studies argue that an ability to understand sarcasm can be a good hint of intelligence. Let's just end this (and move to the main topic) with an idea that according to the research someone can understand sarcasm easier than others, as how intelligence indicate.

Ad nauseum
Just wanting to make sure you do read your WP CAREFULLY as well as giving you a chance to acknowledge the mistype. You claimed so, but you still can't point out the reason why I ask? Are you sure you read? carefully?

Non-English
well yes, I am fully aware that there's a lot of people who doesn't speak English well. I'm not even a native English, and I'm not a grammar police that like to scream at a small mistype. But your typo (as I said) is a crucial and eyesore thing. Certainly it's fine to ask a non-native English speaker to write a WP, and certainly it'll be acceptable if the writer mistype because of the language difference, and so far, I actually didn't bother looking for a misspelled words. But tell me, does your writer is somewhat... didn't understand arabic numeral?

ANY ERROR *in capital* and ranting cluelessly
Ahh... Fine, let's see page 3 of your WP, lower right part, inside the table, beside the "time" cell. Is it not a critical mistype, then? It is intended to be that way? Your ICO duration is intended to move back in time? Wow... you're not only farming gold but also building a worm-hole? or is it a time machine?

Disconnected-with-previous-posts, strawman, troll, etc
Kindly tell me, would someone trust to invest on a company that didn't even bother crosscheck their business proposal? Twice or thrice? Or maybe four times? Because I myself, always re-read everything business-related in real life before presenting it to others.

Now, when you ready to professionally acknowledge your mistake, I'll love to move into details of your projects.


Title: Re: [ANN][ICO][SGOLD] SpaceGold - Bringing Physical Gold from Space
Post by: LoveCryptoAll on February 19, 2019, 09:24:34 AM
I looked at your funny videos, as the probe flew to the asteroid from a rocket. And then the video is interrupted. How will he look for gold? And if you do not find? And if you can not get? And how will the gold be returned to the earth? What price will each launch cost?


Title: Re: [ANN][ICO][SGOLD] SpaceGold - Bringing Physical Gold from Space
Post by: Miiike on February 19, 2019, 09:47:23 AM
I honestly spent several mins trying to figure how's the best way to reply you,


Why?  Please go away!  lol. 

as you throw everything from the earlier discussion into a jumbled post,


No I don't.

which made me went straight into thinking if this project hire a community manager to help them, a barely-teenage CM most likely.


Jesus you have a helluva imagination!  lol.

Because if I have to guess which of the two people of the team replied me, I honestly can't point it out.

Why should anyone care?

Certainly not a CEO that's very well connected and supposed to know how to carry himself, and definitely not a highly educated engineer (or so, they claim).


Hahaha - you got that wrong Mikey.


Anyway, let's try to answer you this way,


Let's not and say you did.  lol. 



Racist, rude and abusive trollisms elided

Now, when you ready to professionally acknowledge your mistake, I'll love to move into details of your projects.

Please, I am not interested in your money or your time and attention.  PLEASE GO AWAY!  lol.



Shall we move to the main concerns here and stop being less professional by start discussing about matters related to the project?

Kindly help with the followings:
1. Do you acknowledge that there's a crucial typo with the whitepaper? And how does it passed final editing and evaluation?

2. How will this reflect to future contracts and loan applications? Kindly see this on professional view, as I tried to eradicate before you derail them into personal issue. As I said, people would assume that if something as simple as WP could pass your screening with errors, what'll guarantee that a troublesome loan application will not unfortunately pass your screening?

3. PP, i notice you haven't reply this one despite being asked several times


Title: Re: [ANN][ICO][SGOLD] SpaceGold - Bringing Physical Gold from Space
Post by: Miiike on February 20, 2019, 05:45:58 AM
[Yawn] 

You still here?  Sheez!  Don't you have anything better to do than engage in logical fallacy all day? 

The tone argument (also tone policing) is a logical fallacy that occurs when an argument is dismissed or accepted on its presentation: typically perceived crassness, hysteria or anger. Tone arguments are generally used by tone trolls (esp. concern trolls) as a method of positioning oneself as a Very Serious Person.

The fallacy relies on style over substance. It is an ad hominem attack, and thus an informal fallacy.


2. How will this reflect to future contracts and loan applications? Kindly see this on professional view, as I tried to eradicate before you derail them into personal issue. As I said, people would assume that if something as simple as WP could pass your screening with errors, what'll guarantee that a troublesome loan application will not unfortunately pass your screening?


That's the Slippery Slope fallacy!  Damn, you're a cornucopia of fallacies! 


3. PP, i notice you haven't reply this one despite being asked several times

That's because you're being ignored because you're a TROLL!  GO AWAY!  haha... 

https://www.geek.com/geek-cetera/the-11-most-irritating-logical-fallacies-1636224/



I do have better things to do, but I always spare some time to contribute to the community to check at questionable projects like yours, so people won't fall into scam (which I began to strongly suspect that your project are).

I would point out that this is another attempt to evade those three questions. How about this, answer those three directly, in a short but clear answers, and we engage in a project related discussion? Or do you find it too difficult to answer those (even the easiest one on number 3) because you don't have any answer for them?


Title: Re: [ANN][ICO][SGOLD] SpaceGold - Bringing Physical Gold from Space
Post by: Bowtiesarecool on February 20, 2019, 10:44:36 AM
[Yawn] 

You still here?  Sheez!  Don't you have anything better to do than engage in logical fallacy all day? 

The tone argument (also tone policing) is a logical fallacy that occurs when an argument is dismissed or accepted on its presentation: typically perceived crassness, hysteria or anger. Tone arguments are generally used by tone trolls (esp. concern trolls) as a method of positioning oneself as a Very Serious Person.

The fallacy relies on style over substance. It is an ad hominem attack, and thus an informal fallacy.


2. How will this reflect to future contracts and loan applications? Kindly see this on professional view, as I tried to eradicate before you derail them into personal issue. As I said, people would assume that if something as simple as WP could pass your screening with errors, what'll guarantee that a troublesome loan application will not unfortunately pass your screening?


That's the Slippery Slope fallacy!  Damn, you're a cornucopia of fallacies! 


3. PP, i notice you haven't reply this one despite being asked several times

That's because you're being ignored because you're a TROLL!  GO AWAY!  haha... 

https://www.geek.com/geek-cetera/the-11-most-irritating-logical-fallacies-1636224/



I do have better things to do,


Name three.

Then do them.

but I always spare some time to contribute to the community


Very serious person indeed!  lol. 


to check at questionable projects like yours,

 

hahaha - you got a badge or something?  Damn serious I'd say! 


so people won't fall into scam


Yeah, no one is as smart or clever as you are they?  People NEED you don't they?  Yeah, that makes sense.  Jesus Mike or whatever your real name is get a freaking job.  lol.  Do you really expect people to believe this crap?  lol. 

(which I began to strongly suspect that your project are).

Well no one suspects you're a troll, by now they're SURE OF IT!  lol. 

I would point out that this is another attempt to evade those three questions.

Very serious questions too!  haha - look whoever you are - YOU DO NOT DESERVE ANSWERS TO ANY QUESTIONS ON ANY SUBJECT - GO AWAY.  TROLL

How about this, answer those three directly, in a short but clear answers,

You deserve only one clear concise answer which explains my behavior - I don't feed trolls, TROLL!


and we engage in a project related discussion?


In case you haven't noticed whoever you are, I do engage in project related discussion with people who are SERIOUS.  I don't engage with you BECAUSE YOU DO NOT DESERVE IT!

Or do you find it too difficult to answer those (even the easiest one on number 3) because you don't have any answer for them?

I don't have any answer for YOU BECAUSE I DON'T LIKE YOU!  GO AWAY!  I WILL NEVER ANSWER YOU
Not siding with anybody here, however, the OP should at least try to maintain a sense of professionalism since they are representing a company/brand. When arguments/discussions devolve into a state of "I" for any brand or company and gets personalized, one begins to question which identity is which and if the whole venture is being driven by personal ego rather than brand vision


Title: Re: [ANN][ICO][SGOLD] SpaceGold - Bringing Physical Gold from Space
Post by: Bowtiesarecool on February 21, 2019, 08:41:56 AM
[Yawn] 

You still here?  Sheez!  Don't you have anything better to do than engage in logical fallacy all day? 

The tone argument (also tone policing) is a logical fallacy that occurs when an argument is dismissed or accepted on its presentation: typically perceived crassness, hysteria or anger. Tone arguments are generally used by tone trolls (esp. concern trolls) as a method of positioning oneself as a Very Serious Person.

The fallacy relies on style over substance. It is an ad hominem attack, and thus an informal fallacy.


2. How will this reflect to future contracts and loan applications? Kindly see this on professional view, as I tried to eradicate before you derail them into personal issue. As I said, people would assume that if something as simple as WP could pass your screening with errors, what'll guarantee that a troublesome loan application will not unfortunately pass your screening?


That's the Slippery Slope fallacy!  Damn, you're a cornucopia of fallacies! 


3. PP, i notice you haven't reply this one despite being asked several times

That's because you're being ignored because you're a TROLL!  GO AWAY!  haha... 

https://www.geek.com/geek-cetera/the-11-most-irritating-logical-fallacies-1636224/



I do have better things to do,


Name three.

Then do them.

but I always spare some time to contribute to the community


Very serious person indeed!  lol. 


to check at questionable projects like yours,

 

hahaha - you got a badge or something?  Damn serious I'd say! 


so people won't fall into scam


Yeah, no one is as smart or clever as you are they?  People NEED you don't they?  Yeah, that makes sense.  Jesus Mike or whatever your real name is get a freaking job.  lol.  Do you really expect people to believe this crap?  lol. 

(which I began to strongly suspect that your project are).

Well no one suspects you're a troll, by now they're SURE OF IT!  lol. 

I would point out that this is another attempt to evade those three questions.

Very serious questions too!  haha - look whoever you are - YOU DO NOT DESERVE ANSWERS TO ANY QUESTIONS ON ANY SUBJECT - GO AWAY.  TROLL

How about this, answer those three directly, in a short but clear answers,

You deserve only one clear concise answer which explains my behavior - I don't feed trolls, TROLL!


and we engage in a project related discussion?


In case you haven't noticed whoever you are, I do engage in project related discussion with people who are SERIOUS.  I don't engage with you BECAUSE YOU DO NOT DESERVE IT!

Or do you find it too difficult to answer those (even the easiest one on number 3) because you don't have any answer for them?

I don't have any answer for YOU BECAUSE I DON'T LIKE YOU!  GO AWAY!  I WILL NEVER ANSWER YOU
Not siding with anybody here, however, the OP should at least try to maintain a sense of professionalism since they are representing a company/brand. When arguments/discussions devolve into a state of "I" for any brand or company and gets personalized, one begins to question which identity is which and if the whole venture is being driven by personal ego rather than brand vision

Another tone policeman?  Another very serious person?  lol.  Dude, who has a policy of feeding trolls?  Mike or whatever that person's name is is a troll.  Policy - don't feed trolls - means don't answer their questions.  The best way to make a troll go away is to be personal.  That's a matter of policy.  You playing tone police are self identifying as another troll and enabling the first troll you are siding with. 

DO you have a question about the product?  I see leaving comments on was a mistake.  They told me bitcoin forum was the place to be - perhaps they were mistaken.  lol. 

Ah well...

Hope springs eternal in the human breast! 


If you're new to "communicating" with the public - a decentralized public, there's no shame in saying so. We're all learning. But here you are trying to crowdfund a venture and labelling any contrary voice/opinion a troll or a "tone police"? Even if my suggestion or anybody's suggestion seems contrary to yours and you're certainly not going to listen to it, there's no harm in saying "Noted", or "It would be looked into". We can't please the world, but we sure as heck can avoid not feeding the flame by toeing the neutral line sometimes. If you're talking about trolls or whatever you wanna label them as, some of us see them every minute, because community management is what we do. If you can't handle a few barb from a single individual, wonder what a thousand roomful will do... 70k would probably be apocalyptic...


Title: Re: [ANN][ICO][SGOLD] SpaceGold - Bringing Physical Gold from Space
Post by: Bowtiesarecool on February 22, 2019, 08:42:08 AM
Frankly, I don't have the time of day for you. All I wanted to point out are two things.
1. My first post said I was taking NO sides
2. Even if English is your fifth language, there's no way anybody could have construed whatever I posted here as an attack on any product, talk more of this product. However, deflection is such a nice strategy when trying to squirrel behind anything but one's shortcoming. Suddenly I'm attacking the product and saying shitty things about it. Nah mate, the only shitty thing right here is your attitude. Carry on


Title: Re: [ANN][ICO][SGOLD] SpaceGold - Bringing Physical Gold from Space
Post by: nutildah on February 22, 2019, 09:09:13 AM
Warning: white paper contains several instances of plagiarism:

From the white paper (https://spacegold.online/wp-content/uploads/2019/02/SGOLD-WHITEPAPER-PDF.pdf):

Quote
Blockchain is an irrefutably resourceful invention that is bringing about a revolution in the global business market. Its evolution has brought with it a greater good, not only for individual users but for businesses as well.

Original source (https://www.datasciencecentral.com/profiles/blogs/what-is-blockchain):

Quote
Blockchain is an irrefutably resourceful invention which is practically bringing about a revolution in the global business market. Its evolution has brought with it a greater good, not only for businesses but for its beneficiaries as well.

From the white paper:

Quote
Blockchain technology offers quite a number of merits over a traditional database in the areas of immutability, lower costs, transparency, accountability, security and many more.

Original source (https://www.icotokennews.com/icos/sentigraph/):

Quote
Blockchain technology offers quite a number of merits over a traditional database in the areas of immutability, lower costs, transparency, accountability, security and many more.

These are but 2 of many.

OP please revise your white paper and credit your sources or better yet, come up with your own words, or I will tag your account as promoting plagiarism.


Title: Re: [ANN][ICO][SGOLD] SpaceGold - Bringing Physical Gold from Space
Post by: nutildah on February 22, 2019, 09:52:42 AM

SpaceGold is a decentralised platform that records users who have purchased streams of gold that are produced off world in space from asteroids using the Blockchain (Ethereum). Users may take physical delivery of gold or trade their SpaceGold tokens to others using our platform. Each SpaceGold token gives the holder the right to a stream of 240 milligrams of physical gold mined and refined in space.


OK, so zero. There's zero gold that's been "mined and refined in space." ZERO. Therefore, you should have produced zero tokens.

Physical gold is returned to Earth on a regular basis from space.

No, its not. As a matter of fact its NEVER happened. Some of earth's gold may have come here from meteorites. That's not what you're talking about, however.

Funds received will be invested in companies that extract gold from a comet or asteroid and return it to Earth and who agree to SpaceGold’s terms.

Companies that qualify to support SpaceGold’s streaming contracts are;

  • 1. Deep Space Industries, Inc.
    2. Planetary Resources, Inc.
    3. Moon Express
    4. iSpace Asteroid Mining Corporation
    5. Shackleton Energy Company
    6. Kleos Space S.A.
    7. TransAstra Corporation
    8. SpaceFab.US
    9. National Aeronautics and Space Administration
    10. MokAerospace (Boeing, Rocketdyne & SpaceX)

OK but so far you have no contracts with ANY of these highly-experimental companies, none of which have brought back a single gram of gold, and aren't expected to for many years.

This project seems like an outright fraud. I'm giving you one chance to refute the plagiarism claims above or any of the claims made in this post before tagging you as a scammer.


Title: Re: [ANN][ICO][SGOLD] SpaceGold - Bringing Physical Gold from Space
Post by: nutildah on February 24, 2019, 05:48:56 AM

Nuti, Plagiarism? There was no claim of plagiarism - you're just making this up to make your earlier baseless assertion stick.   

I pointed out to you exactly what was plagiarized.

I might have to withdraw from this forum if there are no SENSIBLE discussions.

Good. Fuck off. Find some other place to run your scam.


Title: Re: [ANN][ICO][SGOLD] SpaceGold - Bringing Physical Gold from Space
Post by: Bowtiesarecool on February 24, 2019, 11:55:16 AM

Nuti, Plagiarism? There was no claim of plagiarism - you're just making this up to make your earlier baseless assertion stick.   

I pointed out to you exactly what was plagiarized.

I might have to withdraw from this forum if there are no SENSIBLE discussions.

Good. Fuck off. Find some other place to run your scam.
Thanks for taking the time to go through the WP. Couldn't bring myself to give it a second glance after going through their CEO's background and realizing that he's a failed has-be. Probably saw ICOing as the easiest route to that castle in the sky he's been fawning all his life over. Hopefully, he's going to rant one more time before ejecting himself out of the community. I've got popcorns...


Title: Re: [ANN][ICO][SGOLD] SpaceGold - Bringing Physical Gold from Space
Post by: nutildah on February 24, 2019, 01:28:27 PM
Thanks for taking the time to go through the WP. Couldn't bring myself to give it a second glance after going through their CEO's background and realizing that he's a failed has-be. Probably saw ICOing as the easiest route to that castle in the sky he's been fawning all his life over. Hopefully, he's going to rant one more time before ejecting himself out of the community. I've got popcorns...

This guy claims to be an academic. He should have more respect for the white paper process. I'd say at least half of his white paper is plagiarized. Then to have the pompous attitude he does. Not a good combination.

BTW, mass spectrometry is not the same thing as "refining." Its used to analyze the contents of a sample. The entire idea is a load of b.s. If he tried to go public he'd immediately be sued for fraud.


Title: Re: [ANN][ICO][SGOLD] SpaceGold - Bringing Physical Gold from Space
Post by: nutildah on February 27, 2019, 09:19:56 AM
NOTE: Please accept our apology for a low trust score.  It is the result of a bogus trust report from trusted members we have not done business with at all.

Please know that we were approached by a number of people who have very high trust scores and said they could post for us on this forum and that would help us going forward.  They wanted money for this and control.  The control aspect more than the money concerned us.  So, we declined their offer.  We began posting as a new entity with zero score.

As a result, we have been attacked by trusted parties in retribution apparently to have us revisit our earlier decision, since we have been getting messages from those trusted parties to 'fix the problem' that has emerged.

Nope. Not "as a result." You were "attacked by trusted parties" because you denied having a plagiarized white paper. You could have copped to what happened instead of claiming I was engaging in "logical fallacies." Its highly unlikely that anybody who approached you has an account with the standing of mine. I just look through ICO announcements, analyze their white papers and find inconsistencies. If your claim has evidence that I am somehow linked to these other accounts who offered to help promote your project, list them here and let the public do research and come to conclusions on their own.

Warning: white paper contains several instances of plagiarism:

From the white paper (https://spacegold.online/wp-content/uploads/2019/02/SGOLD-WHITEPAPER-PDF.pdf):

Quote
Blockchain is an irrefutably resourceful invention that is bringing about a revolution in the global business market. Its evolution has brought with it a greater good, not only for individual users but for businesses as well.

Original source (https://www.datasciencecentral.com/profiles/blogs/what-is-blockchain):

Quote
Blockchain is an irrefutably resourceful invention which is practically bringing about a revolution in the global business market. Its evolution has brought with it a greater good, not only for businesses but for its beneficiaries as well.

From the white paper:

Quote
Blockchain technology offers quite a number of merits over a traditional database in the areas of immutability, lower costs, transparency, accountability, security and many more.

Original source (https://www.icotokennews.com/icos/sentigraph/):

Quote
Blockchain technology offers quite a number of merits over a traditional database in the areas of immutability, lower costs, transparency, accountability, security and many more.

These are but 2 of many.

OP please revise your white paper and credit your sources or better yet, come up with your own words, or I will tag your account as promoting plagiarism.


Thanks for this.  Its the first time I've seen it.  There are similarities.  I will have this reviewed and give references where appropriate.  

Its not just "similarities", its word-for-word copy/pasting. Thanks for not making me have to post a formal Scam Accusation against you, which I was about to do until I read this message. I reserve the right to do this in the future because some of your claims about gold already being brought back from space (for the purposes of being sold) are simply untrue. If my claim is incorrect, please post some evidence that refutes it.

What you're proposing is an extremely risky, theoretical and long-term investment model. This is not suitable for cryptocurrency.


Title: Re: [ANN][ICO][SGOLD] SpaceGold - Bringing Physical Gold from Space
Post by: nutildah on February 27, 2019, 09:54:40 AM
I notice you edited every single one of your messages to claim that the negative trust I gave you was "bogus." It certainly was not. I told you about the plagiarism and pointed out the original sources of your white paper material. You denied it. Thus, your negative trust was earned.

Quoted for posterity:

Gold Streaming From Space

Each SGOLD token costs around $0.50 and promises 240 milligrams of gold over 240 months after production starts, requiring a payment of 25% of the gold value at time of delivery.  So, each SGOLD is purchased at $0.50 and delivers $11.00 worth of gold after paying $2.75 (25% of $11) once gold is in hand.  That $2.75 can come from the gold stream itself, it can be paid in cash, or you can redeem additional SGOLD at $0.50 today and redeem them at $11.00 for this purpose.

240 months after production starts? So that's 20 years after the first gold has been mined from space by a company that you are invested in! You expect people to be invested in your company for a bare minimum of 21 years! Assuming it only takes a year to get a satellite your company has invested in to get to an asteroid and successfully find gold... It could take much, much longer.

Physical gold is returned to Earth on a regular basis from space.

As I said earlier, this is not true. It's never happened. Gold particles may have been found in an asteroid sample, but you don't produce evidence of this. Your claim is thus baseless.

Companies that qualify to support SpaceGold’s streaming contracts are;

  • 1. Deep Space Industries, Inc.
    2. Planetary Resources, Inc.
    3. Moon Express
    4. iSpace Asteroid Mining Corporation
    5. Shackleton Energy Company
    6. Kleos Space S.A.
    7. TransAstra Corporation
    8. SpaceFab.US
    9. National Aeronautics and Space Administration
    10. MokAerospace (Boeing, Rocketdyne & SpaceX)

But you currently have no contracts in place with these companies, correct?

The Global Space Mining Market is expected to be returning 25 tonnes of gold to Earth each year by 2025 which amounts to 1% of all gold mined at that time which supports 2.083 billion SpaceGold tokens created and on offer today.

Again, this is highly speculative. Its zero tons at the moment.

SpaceGold are asset backed tokens that pay out commodities that use smart contract features to implement sophisticated functionality.

Not backed by an asset. Its an investment in a project which may yield zero assets, thus the tokens are not backed by anything except expectations.

I have developed a token called spacegold that is backed by notional production of gold in space and uses Leontieff matrices to make a rational method to organise human affairs.

This solves the problems outlined by Ken Arrow and because we’re dealing with notional production, we are free of the constraints of traditional gold, bitcoins and fiat.

So fix the world buy spacegold!

 ::)

Pheeewww buddy. This was an awful sales pitch. I feel creeped out after reading it. There are so many problems with your plan. Here's the biggest ones:

1. You expect to form partnerships/contracts with "space gold" mining companies.
2. You are certain the ones you do form contracts with will be successful.
3. Even if they are, you expect your investors to wait for over 20 years to redeem their tokens for real gold.
4. You assume the Ethereum platform will still be around in 20+ years and not replaced by better technology.
5. You didn't take the time to write your own white paper -- without investing the time it takes to create your own white paper, how do you honestly expect investors to be patient for 20 years while waiting for your project to bear fruit?

There's just far too many contingencies to make this a viable plan. Why wouldn't investors just invest in the asteroid mining companies directly?


Title: Re: [ANN][ICO][SGOLD] SpaceGold - Bringing Physical Gold from Space
Post by: Miiike on February 27, 2019, 10:02:14 AM

What you're proposing is an extremely risky, theoretical and long-term investment model. This is not suitable for cryptocurrency.

Dear Nutildah, I have certain difficulty and if you can help me, I'll really appreciate it.

There is this questionable project, proposing to mine gold from space meteorites etc. While we knows that golds and other precious metals are abundant in space, I still would like to know more about their project. But, as I consult to their WP, I saw that they're not really careful (or perhaps didn't care at all) with their WP, where they have certain typo, and can't even locate it despite claiming have been reading their own WP carefully. You would perhaps familiar with how they didn't realize their WP is.plagiarizing articles. This problem (simple typo aside) as I see, will rather have certain possibility of stirring problems as their line of works revolve around a situation where they act as an entity that lend funds (investors fund) to "space-miners", and they should review the loan application carefully. The idea is, if they can't even review their own WP, how could investors be sure they'll be extra careful with future loan applications?

But when I pointed this out, instead of simply admitting the mistakes and explaining how these typos happen (and the lack of knowledge of plagiarism) and how to prevent it on future case of loan application, the community manager act rather uncooperatively by keep evading direct answer with his infamous "logical fallacies". I would assume this very CM, which turns out to be a very rich and successful CEO (please don't ask me how his employee feels working for him, I don't want to "attack personally") is rather a fallacy-aholic, judging from how he always respond everything that against his project by breaking down sentences into several words and label them neatly with imaginative fallacy (a good member codenamed cool-bowtie rises a speculation that it perhaps his way of deflecting responsibility from mistakes) and accuse people who tries to prove the legitimacy of his project as Troll.

Now, the problem is he decided to refuse answering me (which for a while, I conclude as a lost case as I didn't see how should I bother spending time asking someone who refuse to answer), but then I realized that, perhaps I can ask someone else to ask for me and see if he'll answer or he'll cling to his ultimate weapon of troll and fallacies despite the legit and crucial questions.

If you don't mind, kindly ask (for me and for the future investors) about how long is his payback period, and how will this PP be affected by the very long ICO of five YEARS. If he label you as troll as well and refuse to answer, I think the community may start to wonder why he kept evading answers and can begin to conclude how good is this project is.


Title: Re: [ANN][ICO][SGOLD] SpaceGold - Bringing Physical Gold from Space
Post by: Phinnaeus Gage on February 27, 2019, 09:08:10 PM
http://www.ditl.org/Images/D/Dilithium2.jpg
"Fascinating! Captain, I believe that we can create an Ethereum-based ERC-20 token and sell the shares to the Investardz on the BitcoinTalk forum by simply claiming that the Enterprise is now in the business of mining natural dilithium crystals. Dubious, yes, but I've nothing better to do while awaiting my next pon farr (https://en.wikipedia.org/wiki/pon_farr)."

https://i.ytimg.com/vi/5rsZfcz3h1s/hqdefault.jpg
"Captain, I'm workin' my Sawney (https://en.wikipedia.org/wiki/Sawney) ass off 24/7 but I can't keep up with the demand for them Dilithium crystals. You and Spock simply must tell your Investardz that it'll be two more weeks before we can make delivery."




Title: Re: [ANN][ICO][SGOLD] SpaceGold - Bringing Physical Gold from Space
Post by: Phinnaeus Gage on February 28, 2019, 03:28:42 AM
I notice you edited every single one of your messages to claim that the negative trust I gave you was "bogus." It certainly was not. I told you about the plagiarism and pointed out the original sources of your white paper material. You denied it. Thus, your negative trust was earned.

Quoted for posterity:

Gold Streaming From Space

Each SGOLD token costs around $0.50 and promises 240 milligrams of gold over 240 months after production starts, requiring a payment of 25% of the gold value at time of delivery.  So, each SGOLD is purchased at $0.50 and delivers $11.00 worth of gold after paying $2.75 (25% of $11) once gold is in hand.  That $2.75 can come from the gold stream itself, it can be paid in cash, or you can redeem additional SGOLD at $0.50 today and redeem them at $11.00 for this purpose.

240 months after production starts? So that's 20 years after the first gold has been mined from space by a company that you are invested in! You expect people to be invested in your company for a bare minimum of 21 years! Assuming it only takes a year to get a satellite your company has invested in to get to an asteroid and successfully find gold... It could take much, much longer.

Physical gold is returned to Earth on a regular basis from space.

As I said earlier, this is not true. It's never happened. Gold particles may have been found in an asteroid sample, but you don't produce evidence of this. Your claim is thus baseless.

Companies that qualify to support SpaceGold’s streaming contracts are;

  • 1. Deep Space Industries, Inc.
    2. Planetary Resources, Inc.
    3. Moon Express
    4. iSpace Asteroid Mining Corporation
    5. Shackleton Energy Company
    6. Kleos Space S.A.
    7. TransAstra Corporation
    8. SpaceFab.US
    9. National Aeronautics and Space Administration
    10. MokAerospace (Boeing, Rocketdyne & SpaceX)

But you currently have no contracts in place with these companies, correct?

The Global Space Mining Market is expected to be returning 25 tonnes of gold to Earth each year by 2025 which amounts to 1% of all gold mined at that time which supports 2.083 billion SpaceGold tokens created and on offer today.

Again, this is highly speculative. Its zero tons at the moment.

SpaceGold are asset backed tokens that pay out commodities that use smart contract features to implement sophisticated functionality.

Not backed by an asset. Its an investment in a project which may yield zero assets, thus the tokens are not backed by anything except expectations.

I have developed a token called spacegold that is backed by notional production of gold in space and uses Leontieff matrices to make a rational method to organise human affairs.

This solves the problems outlined by Ken Arrow and because we’re dealing with notional production, we are free of the constraints of traditional gold, bitcoins and fiat.

So fix the world buy spacegold!

 ::)

Pheeewww buddy. This was an awful sales pitch. I feel creeped out after reading it. There are so many problems with your plan. Here's the biggest ones:

1. You expect to form partnerships/contracts with "space gold" mining companies.
2. You are certain the ones you do form contracts with will be successful.
3. Even if they are, you expect your investors to wait for over 20 years to redeem their tokens for real gold.
4. You assume the Ethereum platform will still be around in 20+ years and not replaced by better technology.
5. You didn't take the time to write your own white paper -- without investing the time it takes to create your own white paper, how do you honestly expect investors to be patient for 20 years while waiting for your project to bear fruit?

There's just far too many contingencies to make this a viable plan. Why wouldn't investors just invest in the asteroid mining companies directly?

https://ichef.bbci.co.uk/news/624/media/images/70363000/png/_70363798_naked.png
"Today (or is it night?), I'm celebrating my new business partner: SpaceGold (SGOLD)."

https://i.imgur.com/HPmvzSK.jpg
"Satoshi's vision is SpaceGold!"


Title: Re: [ANN][ICO][SGOLD] SpaceGold - Bringing Physical Gold from Space
Post by: Phinnaeus Gage on February 28, 2019, 04:58:58 PM
From the OP: "You are right that space travel is costly, but less costly now that SpaceX has developed the ability to recover their first stage boosters and reuse them."

https://www.teslarati.com/wp-content/uploads/2018/02/spacex-falcon-heavy-double-landing.gif
"The first two shipments of SpaceGold just landed, valued at over 177M SGOLD."

Definitive proof that we're currently mining asteroids for gold VVV



Title: Re: [ANN][ICO][SGOLD] SpaceGold - Bringing Physical Gold from Space
Post by: nutildah on March 01, 2019, 02:49:07 AM
http://3.bp.blogspot.com/-2qMfaF9ftOM/UXA4LNqhMVI/AAAAAAAAPYU/1984DOXEk-k/s1600/03b.jpg

Definitive proof that we're currently mining asteroids for gold VVV


When I saw this picture was from a law firm website, this immediately came to mind:

https://www.themarysue.com/wp-content/uploads/2013/11/space-lawyer.jpg

Have you been injured as the result of space travel?

Were you the victim of:

- UFO abduction?
- unauthorized anal probing?
- non-consensual mind melding?

Contact atty. James Dunstan, Space Lawyer. He is licensed to practice in 6 different galaxies. No case too small, no Borg too large.



Title: Re: [ANN][ICO][SGOLD] SpaceGold - Bringing Physical Gold from Space
Post by: nutildah on March 02, 2019, 05:21:50 AM
Your last post is riddled with falsehood, so lets analyze them one-by-one:

The twenty-one missions that flew to asteroids prove we know how to fly to asteroids and retrieve material!  lol.

https://en.wikipedia.org/wiki/List_of_missions_to_minor_planets

Not 21 missions. The majority of these 21 missions are "incidental flybys" and failures. There is 1 successful sample collection from the Ryugu asteroid, which is thought to be comprised of nickel, iron, cobalt, water, nitrogen, hydrogen and ammonia (no gold).

"Hayabusa2 touched down briefly February 22, 2019 on the Ryugu asteroid, fired a bullet into the surface to puff up dust for collection and blasted back to its holding position, said officials from the Japan Aerospace Exploration Agency (JAXA)."

There is also 1 successful sample collection from the Itokawa asteroid, which also showed zero gold.

That's it. 2 sample returns, neither of which contained gold.

SGOLD has a proven automated solar powered technique for extracting and refining regolith using solar pumped laser light and is willing to sponsor missions with qualified vendors using this method, or a recovery and refining method they might develop.

Plans on papers. What guarantee do you have that anybody wants to do business with you?

SGOLD holders are ordering 20 years of gold production from automated space mines, recognising the risks.  Delivery occurs every month after return of the first capsule.  0.1 troy ounce minimum deliverable quantity.

Again, dependent on too many contingencies to be a viable business model.  

SGOLD contracts will be put together and project missions will be sponsored with qualified vendors using proven recovery techniques.

There are no "proven recovery techniques." So far the only thing that has been returned from an asteroid is dust samples.

SGOLD holders are customers that are making space mining happen.  

No, the companies would perform their operations regardless of the funds raised here that you are throwing at them.

Each SGOLD is a contract to buy 1 milligram of gold per month from a space mine at 25% of the London Precious Metal Market price at time of delivery, for 240 months of production.

OK so like I said earlier, it would appear that an SGOLD token holder has to hold their token(s) for 240 months in order to fully capitalize on this. There are currently zero space mines. This might be the case for decades.

Each SGOLD costs 0.0041 eth and returns 1 milligram per month for 240 months, altogether worth 0.07292 eth by paying over 240 months a total of 0.01823 at time of delivery - netting a gain of 0.05469 eth for each 0.0041 eth SGOLD token.  A substantial gain of 1,330% over the period.

Again, investors have to wait 20 years to capitalize on this, all while hoping the Ethereum platform isn't totally obsolete by then.

Each tile produced in space has an embedded RFID which is put in the blockchain at time of manufacture, and will likely sell at a premium to commodity gold, regardless of the prices here.  

...

To get one tile each month requires the purchase of 3110 SGOLD at 12.75 eth and returns 240 monthly deliveries of 0.1 troy ounce of gold worth 0.9450 eth with the payment of 0.26325 eth. A total of 24 troy ounces from space worth 226.8 eth over the contract period at today's prices.  Obviously both eth and gold are hedges against inflation or financial black swan events.  

Again, this is all extremely speculative. As somebody who has analyzed probably over a hundred ICOs and token-based projects over the years I'd say the chances of this one being successful are far slimmer than almost all of them. And the bar is set pretty low.

Come back again in 10 years after the first gold containing sample may have been returned to earth.


Title: Re: [ANN][ICO][SGOLD] SpaceGold - Bringing Physical Gold from Space
Post by: Phinnaeus Gage on March 02, 2019, 09:21:05 PM
From the OP: "You are right that space travel is costly, but less costly now that SpaceX has developed the ability to recover their first stage boosters and reuse them."



Exactly!  64 tonnes to low earth orbit for under $90 million.  That's $1.4 million per tonne.  Construction cost $2.3 million per tonne.  These are radical reductions in the cost of space lift, especially for this sized payload.  

"The first two shipments of SpaceGold just landed, valued at over 177M SGOLD."[/center]

Not really.  This is the recovery of the Falcon Heavy Boosters.  NOT throwing them away permits SpaceX to compete at far lower prices with major space launch providers AND make more profit!  SpaceX has about 45% market share now in the space launch business.  Compare ULA's Delta Heavy's payload with its cost and you can see the difference.  

Definitive proof that we're currently mining asteroids for gold VVV


No, landing boosters doesn't prove that we've flown to asteroids and retrieved material.  The twenty-one missions that flew to asteroids prove we know how to fly to asteroids and retrieve material!  lol.  

https://en.wikipedia.org/wiki/List_of_missions_to_minor_planets

I thought I was responding to the post you made where you asked two important questions, that deserve answers;

(1) Why don't I invest in the companies themselves?

A: Because investing directly means you're investing in a particular company's stock and no other, and are dependent on their management's ability to generate a profit using whatever technology they're working on and their willingness to share it with shareholders.  Shareholders come last in the list of beneficiaries.  Customers come first.  Employees second.  Creditors third.  Shareholders and other stakeholders, fourth.  

SGOLD is a commodity contract with definite well defined delivery.  Buyers are literally agreeing to buy gold refined and returned from space and providing funds to the entire industry to do just that!  Those commodity commodity contracts are aggregated and give SGOLD the means to arrange production with qualified vendors.  This diversifies risk as well.  

Some qualified companies have no clear plan for asteroid mining yet, and are admittedly R&D efforts.  These efforts may fail.  This suppresses their value going forward.  

SGOLD has a proven automated solar powered technique for extracting and refining regolith using solar pumped laser light and is willing to sponsor missions with qualified vendors using this method, or a recovery and refining method they might develop.  

SGOLD hires companies and loan the project necessary funds needed to fulfill the sponsored mission using a project finance model.  Vendors will build, test, launch and operate satellites at cost, and share in the project revenue from delivery of gold to SGOLD.  

SGOLD receives a performance guarantee in the form of a performance bond or stock swap option in the event of non performance from Vendors in order to receive the order for gold.

The ability to swap loan obligation to SGOLD for stock for money on loan and added funds that are used to refly or correct a failed mission (in the event of launcher failure for example) gives the holders of SGOLD exposure to stock gain since options are based on today's prices.  

SGOLD holders stand first in the revenue stream, and their benefit is well defined.  Stocks are not.  SGOLD is a commodity contract for a portion of the output of space mines SGOLD arranges to build with qualified vendors.  Only 66% of the SGOLD revenue need be spent on these missions to achieve the underlying revenue stream called for and only 55% of the retrieved gold need be used to satisfy the obligations of the contract.

This means that if SGOLD flies say 12 mining satellites, they will have the resources to refly up to 4, and if only 5 of the 9 meet targeted production rates, ALL SGOLD holders have their contracts met.  The revenue earned from delivery of those SGOLD contracts is sufficient to fly additional satellites with the highest performing vendors.

SGOLD is a token that may be traded like any other you cannot do that with stocks.  

(2) Investors have to wait 20 years for return?

No, SGOLD holders are ordering 20 years of gold production from automated space mines, recognising the risks.  Delivery occurs every month after return of the first capsule.  0.1 troy ounce minimum deliverable quantity.    

Mining engines will operate very much like communications satellites.  All the money is spent developing testing and launching the satellite, and then the satellite operates without further assistance automatically powered by solar energy for decades.  

SGOLD contracts will be put together and project missions will be sponsored with qualified vendors using proven recovery techniques.

SGOLD holders are customers that are making space mining happen.  They stand ahead of everyone else in the projects and their risk is diversified across all the projects with performance guaranteed by the vendors.  

Each SGOLD is a contract to buy 1 milligram of gold per month from a space mine at 25% of the London Precious Metal Market price at time of delivery, for 240 months of production.  

Each SGOLD costs 0.0041 eth and returns 1 milligram per month for 240 months, altogether worth 0.07292 eth by paying over 240 months a total of 0.01823 at time of delivery - netting a gain of 0.05469 eth for each 0.0041 eth SGOLD token.  A substantial gain of 1,330% over the period.  

Each tile produced in space has an embedded RFID which is put in the blockchain at time of manufacture, and will likely sell at a premium to commodity gold, regardless of the prices here.  

Furthermore, should the ownership of gold bullion become restricted at some point in the future, as it was in the USA prior to 1972, SGOLD will argue that given its unique source it should be excluded from confiscation. In the worst situation reserves can be held off world until conditions change or landed in a nation that will not confiscate SGOLD physical.  SGOLD gives buyers options terrestrial mining does not.  

Each SGOLD Physical tile is 10.5 mm x 20.2 mm x 0.76 mm tile masses 0.1 troy ounce and is worth 0.9450 eth at today's prices.  

To get one tile each month requires the purchase of 3110 SGOLD at 12.75 eth and returns 240 monthly deliveries of 0.1 troy ounce of gold worth 0.9450 eth with the payment of 0.26325 eth. A total of 24 troy ounces from space worth 226.8 eth over the contract period at today's prices.  Obviously both eth and gold are hedges against inflation or financial black swan events.  





Hey, thanks, bud. My bad, for I truly thought that those were shipments of gold from the asteroids.


Title: Re: [ANN][ICO][SGOLD] SpaceGold - Bringing Physical Gold from Space
Post by: nutildah on March 03, 2019, 04:32:29 AM
If you:

- produce a non-plagiarized white paper
- remove the falsehoods about gold being returned from space on a regular basis

I will consider revising your trust feedback to a neutral score. Then the standing of this project will change from con artistry to an extremely shitty investment opportunity, which is a step up.

Hey, thanks, bud. My bad, for I truly thought that those were shipments of gold from the asteroids.

It's almost like you were being sarcastic, and still are.


Title: Re: [ANN][ICO][SGOLD] SpaceGold - Bringing Physical Gold from Space
Post by: nutildah on March 03, 2019, 06:38:29 AM
I gave you a chance.  You blew it.    

Likewise.


Title: Re: [ANN][ICO][SGOLD] SpaceGold - Bringing Physical Gold from Space
Post by: Phinnaeus Gage on March 04, 2019, 05:45:06 PM
NOTE: Please accept our apology for a low trust score.  It is the result of a bogus trust report from trusted members we have not done business with at all.

Please know that we were approached by a number of people who have very high trust scores and said they could post for us on this forum and that would help us going forward.  They wanted money for this and control.  The control aspect more than the money concerned us.  So, we declined their offer.  We began posting as a new entity with zero score.

As a result, we have been attacked by trusted parties in retribution apparently to have us revisit our earlier decision, since we have been getting messages from those trusted parties to 'fix the problem' that has emerged. We have yet to resolve this situation and are working through it at the time of this writing.



What you're proposing is an extremely risky, theoretical and long-term investment model. This is not suitable for cryptocurrency.

The risk is reasonable given the return offered.  Fact is, there have been over twenty asteroid missions and many sample return missions.  All techniques used in the proposed mining method are TRL 7 or better.  Development timelines and costs quoted by qualified vendors range from 18 to 36 months to flight ready systems and return of gold is estimated to be within 60 months of funding.

The system is automated and solar powered.  For this reason we accept mission plans only for Apollo type asteroids that fly between the Earth and the sun and return every 1, 2 or 3 years precisely, and for which the spectral analysis of the asteroid shows a high level of platinum group metals (type O). There are thousands of these known.    

Costs are $2.3 million per tonne for vehicle construction and testing.  SpaceX Falcon Heavy has by far the most payload for the least cost $1.4 million per tonne.  These specific launch costs are matched only for small secondary satellites which are limited to 5 tonnes or less (see ULA Rideshare program) -but they are matched.  Given that a typical asteroid return mission involves the use of solar powered ion engines with a relatively high delta vee (Dawn Spacecraft visited several asteroids for example) - secondary payload status is not really an issue.  Given the rise of nano-satellite technology using Micro-Electro-Mechanical Systems, smaller payloads are not an issue either.  High schools and colleges have orbited satellites as secondary payloads on every commercial launch provider platform.  

The statement 'This is not suitable for cryptocurency' is balderdash.  Made up.  Has no basis in reality.  Fact is, SGOLD is a smart commodity contract that gives the owner the right to demand 1 milligram of gold per month of funded production at 25% the market price for gold AT TIME OF DELIVERY.  This is similar to other gold streaming contracts for terrestrial mines being planned.  The discount rate is very high, unlikely to be matched in the future, despite the low production costs involved.  

https://medium.com/@codetractio/codetract-partners-with-bullionstar-for-their-gold-smart-contract-41cead03fbc8

It benefits the vendors by having a client who agrees to buy a fixed amount of their product, it benefits the contract (token) holder in that they have something of value the day they purchase their contract.  

The value of any such contract is the value of the notional revenue stream discounted for risk.  Let's look at the benefit to the vendor first, and then the buyer.

Each SGOLD sold at 0.0041 ETH today provides $0.3662 directly to the qualified vendor.  It also promises a revenue stream against future production valued at 25% London Precious Metal Price.  This is $2.49 per SGOLD sold, received as gold is produced.  In this case at a rate of $0.0104 per month.  

Now the value of a revenue stream is discounted by the risk involved.  

Value of Notional Revenue to the Vendor

For the vendor all they have to do is produce gold, and they are pretty sure they will receive $0.0104 PER MONTH for each SGOLD in circulation - for a period of production up to 240 months.  This is a guaranteed market on top of the $0.3662 cash they get directly from each SGOLD sold.  Applying 6.3% (the rate the Vanguard fund says they have achieved in the market) over 240 monthly payments obtains a NET PRESENT VALUE at time of sale for the vendor of $1.438 - netting a total value of $1.8042 FOR THE VENDOR.

There are 2 billion SGOLD in existence there will not be more until these are all contracted out with both vendor and buyer.  New SGOLD if issued, will not have the extremely high discount rates of present SGOLD on offer because once gold contracts are delivered on, the discount rate will drop radically increasing the value of any new SGOLD planned, supporting higher prices for SGOLD already issued.  

2 billion SGOLD represents a revenue stream valued at $3.6084 billion for the twelve vendors in addition to netting them $732.4 million immediate cash and a BANKABLE contract for product, that does not dilute their future earnings or share position.  Sufficient to launch 1000 tonnes of mining engines at the prices indicated and returning 1.82x the gold needed to support this issue under the terms offered.  

Value of Notional Revenue to the Buyer

For the buyer they are buying SGOLD and receive the token the day they pay 0.0041 ETH which is $0.5568 at the moment.  Each SGOLD gives them a claim on 240 milligrams of gold production FROM SPACE using sponsored mining engines.  This is of interest to all who want to see this happen.  The value of this is of course 75% of the London Precious Metal price going forward of the 240 milligrams of the commodity purchased.  This is $7.488 for each SGOLD purchased at $0.5568 delivered at a rate of $0.0312 per month.  This has an implied discount rate AT TIME OF PURCHASE of 80.88% COMPOUND ANNUAL RETURN.  The HIGH DISCOUNT RATE PROVIDES FOR THE HIGH RISK.  Despite this high discount rate 1.82x the gold needed to support the contracts offered is produced.  

Obviously as our vendors report receiving contracts and begin filing plans with the relevant agencies that regulate spaceflight, news articles will appear, and the perceived risk will drop to something a TRL 7 mission deserves and the value of SGOLD will rise to its fair market price (12% discount) $2.94718 prior to first delivery, or within 36 months.  Which is a compound annual rate of return of 74.26%.  After first delivery which occurs in 60 months after funding, ANNUAL RETURN drops to 50.68% as value rises to $4.314 - assuming today's price for gold, and assuming space gold is valued as a commodity, not a specialty or rarity.  


Dear Nutildah, I have certain difficulty and if you can help me, I'll really appreciate it.


I presume this is real and not something made up just to continue your trolling campaign.  They ask good question in any event and good questions deserve good answer - regardless of the source.


There is this questionable project,


Any statement gratuitously made can be gratuitously denied.  This is a solid real and quite valuable project.  Nutildah is obviously setting the stage to continue troll attacks. There is NO basis at this point to say asteroid mining is questionable.  It may be a prejudice.  The prejudice may be widely shared.  However it is a prejudice only given the current state of the art among qualified vendors.  


proposing to mine gold from space meteorites etc.


This is not questionable at all.  A dozen qualified vendors have been identified as deserving of funds.  As a buyer of willing to place streaming contracts with qualified vendors SGOLD has an EARLY MOVER ADVANTAGE over those who place such contracts with terrestrial mining operations.


While we knows that golds and other precious metals are abundant in space,


It depends on where you land.  Carbonaceous chondrites (type C) asteroids are not particularly rich in platinum group metals and gold.  Platinum iron-nickel asteroids, ARE rich in gold.  In fact astronomers estimate gold abundance in these type asteroids exceed the abundance in most of Earth's gold ore.  This is what makes the automated mining engine so productive.  


 I still would like to know more about their project. But, as I consult to their WP, I saw that they're not really careful (or perhaps didn't care at all) with their WP, where they have certain typo, and can't even locate it despite claiming have been reading their own WP carefully.


We wanted to have a start date that occured on 2 February 2019 for technical reasons.  This rushed the development of the site.  Any errors pointed out are welcome.  We were rushed and we hired consultants to help us put together the site and paper.  We have had several bitcointalk legendary members who have offered to help us for a fee, noting the errors, but not providing anything.  When we refused their offer, not for the fee in btc they asked for, but for the control we thought wasn't needed over our operation.  Following this Nutildah and Miike took it upon themselves to troll this site mercilessly.  To be fair they were not the parties we were dealing with, but the timing was such that it seemed clear to us this attack was coordinated as retribution - since the original parties came back and asked if we had changed our minds.  Fact is, it solifified our opinion that none of these parties is worth dealing with - despite their  high trust score and the disparity with ours.  


You would perhaps familiar with how they didn't realize their WP is.plagiarizing articles. This problem (simple typo aside) as I see, will rather have certain possibility of stirring problems as their line of works revolve around a situation where they act as an entity that lend funds (investors fund) to "space-miners", and they should review the loan application carefully. The idea is, if they can't even review their own WP, how could investors be sure they'll be extra careful with future loan applications?


https://cointelegraph.com/news/wsj-hundreds-of-crypto-projects-show-signs-of-plagiarism-fraud-and-improbable-returns

I apologise that the consultant I hired used the sources he did unattributed.  He did not wish to be identified publicly, so I cannot say more about that until we come so some agreement.  It is a problem, but fraud and unattributed sources are two different things.  Quite frankly I was unaware that specific pointers had been made.  Had that been made cleare to us in all your posts, our response would have been different.  As it stands, we've elided all things we could find in the WP and will continue to work on it since the writer did not wish to be publicly outed at this time for us.  


But when I pointed this out, instead of simply admitting the mistakes and explaining how these typos happen (and the lack of knowledge of plagiarism) and how to prevent it on future case of loan application, the community manager act rather uncooperatively by keep evading direct answer with his infamous "logical fallacies".


You got the response you did because you presumed a separate post had been read (it had not) and your previous trolling behavior in combination with off line communications with other high trust parties made it clear to us that we were being subject of meaningless attacks.  I am giving you a chance, as I presume you are giving me a chance, to clear the air.  So, I will be looking at your response with that hope in mind.


I would assume this very CM, which turns out to be a very rich and successful CEO (please don't ask me how his employee feels working for him, I don't want to "attack personally") is rather a fallacy-aholic, judging from how he always respond everything that against his project by breaking down sentences into several words and label them neatly with imaginative fallacy (a good member codenamed cool-bowtie rises a speculation that it perhaps his way of deflecting responsibility from mistakes) and accuse people who tries to prove the legitimacy of his project as Troll.


Again, you are setting yourself up for a troll attack - and those will not be responded to.  You are not a psychotherapist, and even if you were, you have not done the work to support the conclusions you erroneously make above.  I am responding to you in good faith, and hope you will do likewise.


Now, the problem is he decided to refuse answering me


Don't take it personally, your behaviour elicited a low trust score with us, even though we don't publish it!  lol.  We are giving you a chance here, because I see this as a chance for both of us to clear the air.


(which for a while, I conclude as a lost case as I didn't see how should I bother spending time asking someone who refuse to answer),


Now you are just ranting defending yourself.  My only useful response, is off-topic, but is this; You should take the master reference to logical fallacies I provided, and realise when you are engaging in that activity.  
 
but then I realized that, perhaps I can ask someone else to ask for me and see if he'll answer or he'll cling to his ultimate weapon of troll and fallacies despite the legit and crucial questions.


Again, this is setting you up to continue your troll attacks, or perhaps defending yourself in your own mind for your own bad behavior.  We all get what we deserve in the end.  I am giving you a chance to clear the air.  I will be very sensitive if you use this as an opportunity to continue your baseless attacks.


If you don't mind, kindly ask (for me and for the future investors) about how long is his payback period, and how will this PP be affected by the very long ICO of five YEARS.


The very long ICO of five years means the prices will be STABLE during our initial period.  This means that returns will be high, and rise higher as we approach launch dates.  Prices will reflect the value of gold and ETH.  As I said earlier I wanted 2 February 2019 to be the start date for technical reasons.  This led to the problems we've had thus far.  

NOTE: Basically I used wavelet and long-term analysis of ETH to determine that 2 Feb would be a long-term low for ETH - and wanted to have the ICO start at that date for technical reasons.

More here;
https://www.quora.com/If-you-could-only-invest-in-2-cryptocurrencies-in-2019-which-would-you-choose/answer/William-Mook



If he label you as troll as well and refuse to answer, I think the community may start to wonder why he kept evading answers and can begin to conclude how good is this project is.

I am not refusing to answer.  I am refusing to feed trolls.  There's a difference.  The good news is I read your stuff.  The better news is, I found some real questions in what you wrote here.  Not that I believe for a minute you represent some serious deep pocket investors.  That's just positioning yourself as a 'very serious person' (read the reference I provided on fallacies) and your hope to put SGOLD in a bad light.  I will not respond well to that.  The fact you took the trouble to point this detail out here counted against me answering this at all, I would have trouble trusting you enough to give you any more information than is available online.  However, you DID ask good questions, and where you did ask good questions, I gave answers because all good questions deserve good answers.  



I quit reading at the highlighted text above cuz the sGOLD dude nailed the overwhelming sentiment.



Title: Re: [ANN][ICO][SGOLD] SpaceGold - Bringing Physical Gold from Space
Post by: Phinnaeus Gage on March 04, 2019, 05:56:54 PM
If you:

- produce a non-plagiarized white paper
- remove the falsehoods about gold being returned from space on a regular basis

I will consider revising your trust feedback to a neutral score. Then the standing of this project will change from con artistry to an extremely shitty investment opportunity, which is a step up.

Hey, thanks, bud. My bad, for I truly thought that those were shipments of gold from the asteroids.

It's almost like you were being sarcastic, and still are.

https://i.imgur.com/eYJXexH.jpg
"Sarcastic is what sarcasm does. Now let's go gold mining on the nearest asteroid."


Title: Re: [ANN][ICO][SGOLD] SpaceGold - Bringing Physical Gold from Space
Post by: nutildah on March 04, 2019, 06:18:38 PM
https://i.imgur.com/eYJXexH.jpg
"Sarcastic is what sarcasm does. Now let's go gold mining on the nearest asteroid."

Glad to see that Sheldon Cooper is such a fan of the Lightning Network.

I'm not ranting.  I'm complaining to moderators, and waiting to see what they will do about bogus trust reports.  Its quite serious I understand.  

Also, addressing you two here crowing about your 'success' - Look, I understand you're jealous of William and his success, and I understand that its an easy target to talk about asteroid mining.  However, you've made a serious mistake and hopefully the moderators will be able to do something about it.  

How's that moderator action working for ya so far?

I mean, I could call in some reinforcements who would blast your trust rating to kingdom come. I haven't even filed a formal Scam Accusation against you yet. You should consider yourself lucky I'm giving you the chance to fix your problems first.


Title: Re: [ANN][ICO][SGOLD] SpaceGold - Bringing Physical Gold from Space
Post by: Phinnaeus Gage on March 04, 2019, 06:34:11 PM
I'm not ranting.  I'm complaining to moderators, and waiting to see what they will do about bogus trust reports.  Its quite serious I understand.  

Also, addressing you two here crowing about your 'success' - Look, I understand you're jealous of William and his success, and I understand that its an easy target to talk about asteroid mining.  However, you've made a serious mistake and hopefully the moderators will be able to do something about it.
 

Why do I getting a funny feeling that Leroy Fodor may be behind the SpaceGold thingy?