i guess it would be quite hard to perceive a "lost opportunity" if we don't even "know" what it is all about... really, after several pages discussion? This deal is not done deal yet. It needs to get enough coins pledged first. That is why David can't disclose the names and more details. It may not happen at all. The dilemma is that if you don't reveal enough information, people will not be interested and if you reveal too much information you violate the NDA and will put the deal in danger. It is hard. I think now we are walking on a thin wire on this deal. We might be already on the verge to break the NDA. The potential partners may walk away any time because of that. to be clear, i understand your point, that's why i said that it makes sense, earlier. what i don't think is fine is what sounds to me like engaging in emotional blackmail. Emotional blackmail, are you serious? I am simply stating the truth. What do you think cause adoption and appreciation of value of a software/token? It's hard work and strategic decisions. Look at Nxt, it was groundbreaking in numerous ways, yet achieved 0 real life adoption due HODL 4 LIFE mentality permeating the entire community from late 2013 to late 2015. My comment about not wanting to hear any complaints come from experience, people tend to complain when they realize they have lost an opportunity, which I don't want to hear. Again: you are 100% free to make your decision, but you can't just sit there expecting to hodl your tokens and magically people will want to buy them for some dreamed up value without some BIG things happening. I present the community with big opportunities, if it doesn't take it (fortunately so far the overwhelming majority do take it) it can't complain either. As I have invested in IOTA due to my trust in your team, I have pledged 100K iota for the deal as well but I am curious about few things. If this deal is so important why CFB or iotatoken did not pledge any iota for the deal? Furthermore you know all the details about the deal so if it is really a very good thing for IOTA it is even more strange that you do not pledge... I guess you are some big holder so why not selling 5-10% of your stack for the deal? We are already at halfway so with your help we could be much closer to the goal. Another point is not clear on my mind, when you say "selling under market price", as there is no exchange yet, how do you define marketprice and how much below marketprice you would like to make the deal? 5%? 50%? Regards,
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Haha yep sell em while you can at 25x price before they hit exchanges and are selling for 5x IPO price... It's almost cruel! Good job guys, well done.
Let's analyze the price of IOTA: AA/ 25 X IPO price is not something crazy in crypto world, ethereum currently X 70 / NXT was X 1000 / Bitcoin itself got value X 10.000 and more since 1st trades thought there was no IPO as everybody knows. BB/ even at 25C IPO price market cap is around 12-13 millions $ which is not THAT huge and crazy for crypto, thought it become important. CC/ IOTA could solve scalability problem / quantum resistant issue (if you follow science news, you can see that issue is growing day after day), it is 1st mover into IOT payment as crypto and can work with other blockchain like ethereum (not competitor but more as partner), this is why I invested a little bit in IOTA as it seemed something really needed in crypto world. DD/Why did I invest only a little bit as it is sooo good? Because I was a bit affraid of the possibility to really do this coin as it is promised, however now IOTA is on AZURE so a partnership with microsoft means according to me that the technology behind IOTA is working, THIS CHANGE TOTALLY the value of the coin. If I knew that I would have invested much more like most of the people I guess. EE/Most of the investors of IOTA are on this thread and can already sell their IOTA via escrow and / or NXT AE, some decided to sell and the price where it becomes difficult to match buyer and seller seems to be around 25X IPO price, under this price at around 10-15X IPO you will find a buyer instantly, there was even a buy of 10 millions IOTA for 250 BTC.We are not talking on a GATECOIN exchange where only a tiny share of coins (ethereum) was available so price could jump,( finally the price now of ether is 5X more that it was on gatecoin before ether launch) but most of the investors could sell now their IOTA for a 10X profit for sure. FF/Now we have 3 types of IOTA holder : -1/ IPO investors who want to sell at around 25X IPO price, trades are not that easy at this price, but some happen (theses one will probably sell their IOTA on exchange at around 10-30 X IPO price If someone make the calculation of the number of IOTA involved in this situation we would have a clear picture but I guess it is less than 5% of total IOTA ) -2/IPO investors who don't even want to sell at 25X IPO price (most of the coins), theses ones will probably wait for higher prices to sell their IOTA 50 X IPO price and higher. -3/2nd hand investors who bought at 10-30X IPO price (theses ones will obviously not sell at same price. ==> if there is a lot of demand at exchange as the supply will be low the price could skyroket again. To sum up my thoughts if you already have IOTA just keep them but don't buy more, however if you don't have any IOTA regarding the last news you should invest 2-5% of you crypto savings in IOTA now and the same amount at the exchange when available if the price drops, for me that would be a wise decision. It is always dificult to buy 20X more expensive but you could miss the train and you will regret it for years whereas loosing 3% of your crypto savings will not change a lot of things....Look at ethereum if you bought it at 3$... 1 rule in crypto always have a share even a little share in any interesting project, a lot will fail but those who win will get 100-10.000X ROI
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WTS GENESIS ACCOUNT with 1.53 millions IOTA for 55 BTC
Price may be updated and will be confirmed by PM.
Escrow by CFB compulsory changing of the ownership of the account in order to provide the safest possible transfert of IOTA for the buyer. add!! Thanks yassin! On OP you have written : "PS: currently no iota token was distributed people who sell are participants crowdsale, you have to trust sellers and trying to sell a part of their funds before the release of IOTA" Could you add that in case of selling the whole genesis account and changing ownership with CFB there is absolutely no risk for the buyer (no need to trust the seller).
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WTS GENESIS ACCOUNT with 1.53 millions IOTA for 55 BTC
Price may be updated and will be confirmed by PM.
Escrow by CFB compulsory changing of the ownership of the account in order to provide the safest possible transfert of IOTA for the buyer.
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So basically 1 million of entries each day seems a lot indeed.
Actually I think it will take few years to reach this level but when it will reach it as the grow should be exponential then the value will grow exponentially.
From now to this point it is all about speculation and if it will reach this point, but if it reaches it then the value of factoid can be easily few thousands of dollars in my mind.
Furthermore the speculation side will always be in advance compare to the real value of Factoid, if you check disruptive start up their valuation correspond at 80 years of current profits, people speculate that their profits will grow exponentially...
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Where i can see the current supply of FACTOIDS?
And how much is the annual inflation of FACTOIDS?
You can see the current supply on the latest block at http://explorer.factom.org. Click on the last block then read "Total Factoids". No new factoids will be generated until milestone #3 is complete, after that about 75K Factoids a year will be distributed to federated servers for their help running the network. Also to note that once Factoids are converted to Entry Credits they will be used and taken out of the system. Are you sure about 75K a year? I think it is 73.000 a month ! This is a quote from Paul snow on reddit : [–]PaulSnow The only thing you are missing is that if the protocol gains traction, then the demand for Entry Credits does in fact drive up the value of the factoids. So suppose we were writing 10 million entries into factom per month. This would be 10,000 dollars worth of Entry Credits. Since about 73,000 Entry Credits are generated a month, then it makes sense to equate the value of the in flow of factoids to the outflow. This would make each factoid would be worth roughly 14 cents. If the volume went up to 100 million entries per month, then each factoid would be worth roughly 1.4 dollars.
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WOW 730,000 BCY burned for November, and Spells of Genesis is not even fully launched. At this pace we should see the number of existing BCY fall considerably. Well done to the team, keep them cards coming! Yes, at this rate, BCY price will rise considerably even without extra demand. Now imagine when the game is launched and will transfer all Moonga players in here. To the MOON Few other coins attempted market manipulation by (constantly) burning a part of coin supply (see Chancecoin) but it never worked, pretty much the same as high stake PoS coins that all failed. Nicely packed scams but you can continue thinking that 1 BCY will be worth 1 BTC one day because they are so few. In the end, the only ones who will make decent profit out of this whole deal are developers, well played so congratz! So... you just don't understand or you troll, I don't know yet but burning coin is not market manipulation for sure. Chancecoin did not worked because gamblers have not been attracted to the game...But if it has been as much succesfull as just-dice, the coin would have raised in value a lot. BCY is not really a coin it is more a share in the company, nobody will pay their cofee with BCY, it is not the goal. Indeed if the game does not work, nobody buy card then BCY will worth nothing as the company....Actually the price of BCY will reflect the health of the company. The company own some BCY, of course they sell some of them, otherwise the company would have no interest to have some...But when they sell BCY they loose shares in their own company. The only risk is if the company is short sighted, by selling their BCY in 1-2 years then close the project, there it would be a scam, but the fact of burning coins is not the scam.
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I ask again about the Entry credits which are already used (10-20 per block) are they used only because of test purposes or some people / company actually use it for real purpose already?
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On the blockchain explorer we can see there is already 10-20 entry credit used by block, I am wondering if it is just for some test or there is already some real use of it?
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You should check with NXT : https://nxtforum.org/index.phpIf you have a good project and if you can provide enough trust you can raise easily thousands of dollars, but as I said you have to prove that you are trustfull.
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Very good investment in my mind, I'm in !
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If it is a clone of litecoin and there is no people mining except the company, the hashrate will be very low so security...Very strange to not create a coin within NXT or Counterparty...which would be much more secure.
Furthermore there will be 200 millions of coins, so at 1000 coin / btc it is a valuation of 80 millions of dollar at today's price...
Let pass this, now where is the profit for investor with this model? Usually companies in btc use some proof of burn to increase the value of their coins (exemple: spell of genesis or FACTOM) when people buy products cards in spell of genesis half of the money required is burnt forever, for FACTOM it is 100% but they mine some. With VOXEL there will be only mining from the company so there will be more and more coin over time.
One last point is it is pretty strange to not have made more annoucement in bitcointal / coindes etc few weeks bedore the presale, so it is like we have to hurry up to buy coin (look scammy).
Maybe the project is good but the economics behind and the communication are pretty poor for a 80 millions dollar company...
So I pass !
$8 million actually. Looks like a good project to me, I'm in! You better revise your maths instead of throwing away your bitcoins 200 millions coins at 1000 coins per btc = 200.000 btc of valuation 1 btc = 400$ ==> 200.000 btc = 80 millions $ Remember that all coins mined after IPO will be for the company....So they value their company at 80 millions Good luck if you are in, but I am out for sure
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If it is a clone of litecoin and there is no people mining except the company, the hashrate will be very low so security...Very strange to not create a coin within NXT or Counterparty...which would be much more secure.
Furthermore there will be 200 millions of coins, so at 1000 coin / btc it is a valuation of 80 millions of dollar at today's price...
Let pass this, now where is the profit for investor with this model? Usually companies in btc use some proof of burn to increase the value of their coins (exemple: spell of genesis or FACTOM) when people buy products cards in spell of genesis half of the money required is burnt forever, for FACTOM it is 100% but they mine some. With VOXEL there will be only mining from the company so there will be more and more coin over time.
One last point is it is pretty strange to not have made more annoucement in bitcointal / coindes etc few weeks bedore the presale, so it is like we have to hurry up to buy coin (look scammy).
Maybe the project is good but the economics behind and the communication are pretty poor for a 80 millions dollar company...
So I pass !
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Factom Celebrates Genesis with BitGive, BitPesa, Plug and Play Tech Center and the Water Project
September 1, 2015 at 12:52 GMT Factom have collaborated with BitGive, BitPesa, Plug and Play and the Water Project on a new pilot project to track donations using the Factom Blockchain. Factom Inc. will also be joining the upcoming fall class of the fintech incubator at Plug and Play. http://www.coindesk.com/press-releases/factom-celebrates-genesis/ This news is 2 month old something happens about this recently?
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I just updated the app today and I saw there is a dice game built in the app, that's great !
Where does the bankroll comes from? Is it possible to invest in it in gems, that would be really awesome !
I think it ties into the primedice api? So no possible to invest in.... OK but anyway it's pretty good to have it built in the app
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I just updated the app today and I saw there is a dice game built in the app, that's great !
Where does the bankroll comes from? Is it possible to invest in it in gems, that would be really awesome !
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I think the price of FACTOM is due to the bitcoin bubble associated with an illiquid market.
There is some panic buy of bitcoin and people want to get some by selling their factoids and as the volume is really little the price shrinks...
On an other hand it is really strange that such a good project does not attract more people.
Anyway FACTOM has a huge potential but it is not sure that it will survive enough to show its real potential.
We will see when they will start to have real customers (Honduras, greece etc...) when the business will really start if gov/people like the project the price of factoid could be really huge.
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I am thinking about these 70 BCY reward for register ( though for those who already registered it is too late).
In my mind it would be better to give (maybe a bigger reward) for playing.
For exemple for 1 hour played you get 50 BCY
For 5 hours you get 150 BCY
And everyday you can get 5 BCY for playing at least 30 min (for like 1 month maximum)
The numbers must be adjusted according the price of BCY, it was just an exemple but I think some people would play just for the reward at first and then could enjoy to play the game.
Reward should be enough high to attract some people but not too high to avoid gold farmers.
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If it is possible to transfert factoid already I WTB at IPO price (for around 5 btc) if someone need to cash out some btc.
Transaction passing by escrow is compulsory.
PM me if interested
The IPO ended 5 months ago so you can't buy it at that price. However you can buy it here https://www.dcxtx.com/OrderBook.aspx for 0.008 btc per FCT. Very cheap. As there is no market yet, there is no defined price, so some people could want to sell at IPO price regardless if it has ended since 5 month just because they need some money right now (pay taxes, car, house etc...) There is nothing sure about a price higher than IPO when it reach the market, if it is not on an exchange yet that means there is not a huge demand otherwise exhanges would love to trade it (I am not saying the project is not interesting, but price and value of a project is different, look at dogecoin for exemple) Of course most of you would not sell at this this price but maybe 1 person could be interested so I post my offer in case of. I could even buy a bit highr than IPO price depending on the amount and my mood at that time. About dcxtx, I am sorry but I don't trust them, just personal opinion. Regards
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