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1221  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Lykke - a global marketplace on the Blockchain on: January 21, 2017, 11:48:12 PM
What is ICO?

ICO stands for Initial Coin Offering. Lykke offered 30 million Lykke coins (LKK) from September 13 to October 11, 2016, at a price of .05 Swiss francs per coin. The offered coins represented around 2.33% of the Lykke equity.


So the total valuation, as of current prices, is around 65 mil?

How does Lykke earn money?
Comissions are zero. Lykke will earn its revenue from the value add services such as liquidity provision, issuance services, whitelabeling and B2B consulting.


When will Lykke become profitable?
We will first focus on FX, where the daily volume is 4 trillion USD. Lykke will be a profitable company with a market share of 0.025%.


With no fees this really doesn't really make sense.

Just want to get a better understanding of the project. Really like the app btw, seems great!



Yes, the current value is about $65m. But only a percentage of all shares is really on the market.

Regarding the business-model: Lykke is different to exchanges how we know it from Crypto like Polo. It will also be not only about Cryptocurrencies and Blockchainprojects. It's about connecting the best of all spaces but most likely with some focus on the Forex-market that is really huge. Lykke will act as marketmaker, algorithmic trading plus all of the above what you've already quoted.


I've opened a thread in the german section and there were similar questions, also about the business-mode plus some others. Since my knowledge about that topic is too limited, I've asked Richard Olsen if he would have time to do something like an "indirect AMA" and he agreed. Means: I will collect questions and send him per mail, he will answer them once has has the time and I'll post the answers. Most likely it would be best to do that here as well, especially when it's about the market-economics and the business-model of Lykke.

I will send him your questions and if others would like to ask Richard Olsen something - feel free to ask and I'll post answers as soon as he finds time to reply!

1222  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] HEAT: 3.0 crypto*multisig fiat*a2a hft*1000tps*DSA*PoS+PoP*e2ee chat* on: January 21, 2017, 11:27:36 PM
Okay so here is a little update nobody will like. A little bird just passed me this information. He had a little chat with one of the c-cex admins. They seem to have had it as well. Here is how it went:

----------------------------------------------------------------------------------------------------------------------------------------------------
HeatInvestor: hi are you an admin?

c-cex-yuriy: Hello. Yes.

HeatInvestor: ah great
Yes I have sent you a message but it is urgent
Have you had a look at the bitcointalk heat thread lately
?
There are serious allegations HEAT might be  a scam
The HEAT team is not responding
they have made unrealistic and outright false claims
especially concerning the latest release

c-cex-yuriy: We are working on this matter now. We will put buy wall if we found it fraud

HeatInvestor: There is no definite proof that it is a scam

c-cex-yuriy: About 5 days needed.
And it will be resolved.
HeatInvestor: My question, have you had any contact with anyone on the team?
if so when?

c-cex-yuriy: Yes, I gave them final warning today. They respond to me.

HeatInvestor: Could you tell me what they said? If it is confidential I understand that

c-cex-yuriy: They say they work on wallet. Anyway if they do not provide working solution in 5 days according to their promises - I will put buy wall so investors can return their fund.

(...)

I don't understand how that is possible. Who would pay for that buy-wall? Are the ICO-funds on C-Cex and not paid out to the team yet?

They hold the btc of the ico, they simply put a buy wall at the price of the ico, people sell into that, done, only question is how they calculate it with the different stages. I guess they only take the average. Other question is how people get their money back that have paid with eth and btc directly to these dumb fucks. I guess they will say they will keep the money and we are screwed...

Ok, that also means that the Heat-Guys didn't get the ICO-money that was collected on C-Cex.

Of course not, there is no HEAT. Why would they get it when there is no HEAT? Otherwise they would need to refund the funds they collected out of their own pockets. No only people dumb enough to send their funds to the HEAT scumbags directly are screwed. (Yes that includes me)


I don't defend them. I've never believed in this project. But I believed that they would have get the money.
1223  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] HEAT: 3.0 crypto*multisig fiat*a2a hft*1000tps*DSA*PoS+PoP*e2ee chat* on: January 21, 2017, 11:21:45 PM
Okay so here is a little update nobody will like. A little bird just passed me this information. He had a little chat with one of the c-cex admins. They seem to have had it as well. Here is how it went:

----------------------------------------------------------------------------------------------------------------------------------------------------
HeatInvestor: hi are you an admin?

c-cex-yuriy: Hello. Yes.

HeatInvestor: ah great
Yes I have sent you a message but it is urgent
Have you had a look at the bitcointalk heat thread lately
?
There are serious allegations HEAT might be  a scam
The HEAT team is not responding
they have made unrealistic and outright false claims
especially concerning the latest release

c-cex-yuriy: We are working on this matter now. We will put buy wall if we found it fraud

HeatInvestor: There is no definite proof that it is a scam

c-cex-yuriy: About 5 days needed.
And it will be resolved.
HeatInvestor: My question, have you had any contact with anyone on the team?
if so when?

c-cex-yuriy: Yes, I gave them final warning today. They respond to me.

HeatInvestor: Could you tell me what they said? If it is confidential I understand that

c-cex-yuriy: They say they work on wallet. Anyway if they do not provide working solution in 5 days according to their promises - I will put buy wall so investors can return their fund.

(...)

I don't understand how that is possible. Who would pay for that buy-wall? Are the ICO-funds on C-Cex and not paid out to the team yet?

They hold the btc of the ico, they simply put a buy wall at the price of the ico, people sell into that, done, only question is how they calculate it with the different stages. I guess they only take the average. Other question is how people get their money back that have paid with eth and btc directly to these dumb fucks. I guess they will say they will keep the money and we are screwed...

Ok, that also means that the Heat-Guys didn't get the ICO-money that was collected on C-Cex.
1224  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][rICO]Antshares Blockchain Mainnet is ONLINE! on: January 21, 2017, 11:19:30 PM
Whats wrong with web wallet?I was trying to sync it since months and it had synced %10 but today when I opened it,it is back to zero.I tried to refresh and re-login but nothing seems to work.Can any one suggest any solution?Has it happened to you or is it just me?

I have not used the webwallet. Only the desktop one, have you tried using the desktop wallet or are you unable to do so? I've used that one since the beginning of this project without any issues. If you want help setting it all up I can provide any help needed through PM's.

Problem is that there is only a desktop-wallet for Windows-User. I'm on Mac and until now nothing worked for me.

Anybody here with a working Webwallet on Mac?

Same here man, I've tried all web wallets, even Android and even if they sync 100% my ans don't show up. I've read that only the windows desktop wallet works and I could ask a friend or relative but it's just not worth the hassle. I thought that with the new servers this problem would be over but I guess we'll have to wait until they release the Mac version to get our ans...

Okay, I see we have pretty much the same view on this. Smiley
1225  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][rICO]Antshares Blockchain Mainnet is ONLINE! on: January 21, 2017, 11:18:34 PM
Whats wrong with web wallet?I was trying to sync it since months and it had synced %10 but today when I opened it,it is back to zero.I tried to refresh and re-login but nothing seems to work.Can any one suggest any solution?Has it happened to you or is it just me?

I have not used the webwallet. Only the desktop one, have you tried using the desktop wallet or are you unable to do so? I've used that one since the beginning of this project without any issues. If you want help setting it all up I can provide any help needed through PM's.

Problem is that there is only a desktop-wallet for Windows-User. I'm on Mac and until now nothing worked for me.

Anybody here with a working Webwallet on Mac?

Oh, there still is no mac wallet up? Thought they said in the beginning that they were working on that. I do remember seeing you there during the release of everything, very strange and I would like an update from the devs on this matter.

Unless some users could try and create a mac wallet? Sure there could be some sort of fundraising for it.

There is a Mac-webwallet and maybe it's working for some. But mine never synched and I've given up - waiting now. Others seem to have similar problems. But I didn't sell and plan to hold since I know that a lot of good projects had similar issues in their first months. I just hope they get this done.
1226  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][rICO]Antshares Blockchain Mainnet is ONLINE! on: January 21, 2017, 11:06:24 PM
Whats wrong with web wallet?I was trying to sync it since months and it had synced %10 but today when I opened it,it is back to zero.I tried to refresh and re-login but nothing seems to work.Can any one suggest any solution?Has it happened to you or is it just me?

I have not used the webwallet. Only the desktop one, have you tried using the desktop wallet or are you unable to do so? I've used that one since the beginning of this project without any issues. If you want help setting it all up I can provide any help needed through PM's.

Problem is that there is only a desktop-wallet for Windows-User. I'm on Mac and until now nothing worked for me.

Anybody here with a working Webwallet on Mac?
1227  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] HEAT: 3.0 crypto*multisig fiat*a2a hft*1000tps*DSA*PoS+PoP*e2ee chat* on: January 21, 2017, 11:01:43 PM
Okay so here is a little update nobody will like. A little bird just passed me this information. He had a little chat with one of the c-cex admins. They seem to have had it as well. Here is how it went:

----------------------------------------------------------------------------------------------------------------------------------------------------
HeatInvestor: hi are you an admin?

c-cex-yuriy: Hello. Yes.

HeatInvestor: ah great
Yes I have sent you a message but it is urgent
Have you had a look at the bitcointalk heat thread lately
?
There are serious allegations HEAT might be  a scam
The HEAT team is not responding
they have made unrealistic and outright false claims
especially concerning the latest release

c-cex-yuriy: We are working on this matter now. We will put buy wall if we found it fraud

HeatInvestor: There is no definite proof that it is a scam

c-cex-yuriy: About 5 days needed.
And it will be resolved.
HeatInvestor: My question, have you had any contact with anyone on the team?
if so when?

c-cex-yuriy: Yes, I gave them final warning today. They respond to me.

HeatInvestor: Could you tell me what they said? If it is confidential I understand that

c-cex-yuriy: They say they work on wallet. Anyway if they do not provide working solution in 5 days according to their promises - I will put buy wall so investors can return their fund.

(...)

I don't understand how that is possible. Who would pay for that buy-wall? Are the ICO-funds on C-Cex and not paid out to the team yet?
1228  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] HEAT: 3.0 crypto*multisig fiat*a2a hft*1000tps*DSA*PoS+PoP*e2ee chat* on: January 21, 2017, 10:16:58 PM
One question: How will that be with company-shares? I don't ask because I plan to buy but I'm interested in the relationship of token and share and how current Investors will exchange one into another and why.
Or more precise: If an Investor of the previous ICO wants to buy Heat-shares, he can pay with the token for that - give the token to the team and purchase shares. That way?
Great question, I think it will happen via the A2A exchange. A2A stands for asset to asset. It will work via the built in exchange on the HEAT ledger crypto 3.0 blockchain. They will release it very soon. They will most likely have an extra company share token that can then be traded for HEAT or BTC. I am sure they will release further info after the launch next week. So prepare your seatbelt because the coin will go to MOOOOOON soon!  Grin
Okay, thanks for the answer! But considered they need funding and considered they get a lot of Heat-Tokens as funding in exchange for Heat-shares, the result would be that they hold a lot of tokens they would have to sell to get money.
If I see this correct there may be an economical problem here.
Is there any incentive for those who are already invested to hold the token it instead of selling it in exchange for shares?
Is there any incentive for potentially new Investors to invest in the token instead of shares?
If the team is paid with Heat-tokens in exchange for company-shares - what should they do with that instead of selling to get funds?
It's possible that I'm missing something here, but even if there wouldn't be some drama here currently and not that much incentive to buy into Heat for new Investors, I see no scenario for a rising price while there are many potential threats - not only for the price of the token but also when it's about funding of the project. The team could find out: Oh, we have a lot of Heat-tokens now, but what to do with it? Waiting won't help because nobody with a clear mind would buy into it since it needs to be considered that they have to sell at a point to stay funded. I mean, that's kind of the business-model of the next ICO right? They get tokens for shares.
Or am I missing something here?

I believe it was mentioned before that the shares for the company are to raise a certain amount of Euros. Each share I think was planned to cost 25 EUR.
There will be 1 option given for each 400 HEAT coins an investor owns. This 1 option entitles the owner to 1 traditional share of the company at a 50% discount (12.5 EUR).


Okay, thanks!
That's a good incentive to buy shares with the token, or the other way around: It would be near to stupid not to exchange the token for shares, right?
And new Investors who would like buy into Heat also might focus on the token before the ICO to get a discount - as long as it's cheaper to use the token than another currency.
That means, it's likely that the team will get near to 100% of the token-supply but not that much of other funding. Especially because of that it wouldn't make any sense to buy the token after the ICO because the price can't stay above since the team needs to sell to get funding. If I'm not missing something here: There won't be a market for the token after the next funding round what also means that the team can't sell the tokens, at least not enough, not near to the price it was meant for - it will go down like a stone since there is no incentive left to buy it.
But since the price of shares is connected to the price of the token - it's unlikely that the price of shares will stay up when the token goes near to zero because the team holds near to 100% but runs out of funding. That also means, that there is not much if any incentive for new Investors to buy into this. That makes it even unlikely that the token will rise prior to the next ICO while it seems like a safe prediction that nobody will want it after the next ICO.
If I'm not missing something important, this is an economical circle-game - more a "downward-spirale".

Not necessarily, also I am not disclosing whether I will buy shares or not. I'm sure the coins will be trade-able with the shares at some point.
It depends on the proposed profit generating cases for the company. The team will not ever come close at all to getting 100% of the token supply...
As far as I understand correctly, the IPO funding will be for Euros. So I don't think they will be selling any HEAT for fiat for the IPO.
The price of shares I believe is denominated in EUR, not connected to the price of the HEAT coin.

I would assume also, HEAT will be used on the platform. So there is incentive for having HEAT. The team will receive 1 million heat after 1 year from what I understand in the OP.
Why would you keep the token instead of exchanging it for Heat-shares?
And please take a loot on the scenario out of the perspective of a potential new Investor. You say the next funding will be for €. But it's kind of a naive assumption that anybody will send them Euros if it's possible to get the shares cheaper as long as the token does not exceed a certain level in price (didn't do the math but of course it can be calculated).
With other words: If there would be a lot of new Investors the scenario would be that the token first goes up in price to a level that there is no discount any more. Than it would need additional Investors who make the choice to pay for shares with other currencies like Euro or Bitcoin or whatever.
But: If this is not against all economical principles, the token needs to go down in value right after that. Because:
1) It has no advantage over the shares. Why would anybody who considers Heat as a good project buy into the token instead of the shares?
2) Who would buy into the token when it's safe to say that the team will have a huge majority of the total supply and needs to sell to be funded?

And the problem is: The value of the shares and the value of the token is connected. There is no chance that the value of the shares will stay up when the price of the token goes down.
1st Conclusion: No way that a rational actor will touch the token or the shares.
2st conclusion: Investors of the previous round will try to get rid of the token by selling them prior to the next funding round or by exchanging them for shares. And the team will get a lot of tokens that won't have much value after that.
3st conclusion: Since that is predictable for everybody who thinks about this, it goes back to 1st conclusion.
It's really interesting because all economical systems are about incentives and anticipation. And this one needs irrational actors to keep it running. It's like a magic trick that doesn't even work out for the wizards who designed it. That's why I called it a circle or a downward-spiral. The third conclusion leads back to the first one.

I think because the tokens have value for the platform itself, where the shares are for potential dividends from company profits.
The shares themselves will be sold for euros. The "options" which will allow 50% off share prices will be distributed to holders of heat. So, if someone comes late, they won't receive the allocation of options I think. This means that only the ones that hold HEAT when the options distribution is done, will get the options for discounted shares.
These options are supposed to be trade-able on the AE.

The coin itself has usage on the platform. The shares are different which are linked to the company itself, ideally which would produce profit for the company, and subsequently with dividends for shareholders.

The team will not have a huge majority of the total supply of the HEAT coin. If someone decides to sell say 1 Share_Option for HEAT, they will receive x amount of HEAT (the individual who got the option in the first place, Not the HEAT team). All shares from what I understand will be distributed once they are all sold. This means that once actual trading of the Shares for HEAT happens, it is between shareholders, not from the HEAT team. They will from what I understand, be getting Euros for the IPO of shares, separate from the HEAT coins. The HEAT coins are the backbone of the network and platform. The shares of the company are for a stake in the work of the company in the future.

Okay - Let's see what will happen the next days, weeks and months.
1229  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] HEAT: 3.0 crypto*multisig fiat*a2a hft*1000tps*DSA*PoS+PoP*e2ee chat* on: January 21, 2017, 07:47:37 PM
One question: How will that be with company-shares? I don't ask because I plan to buy but I'm interested in the relationship of token and share and how current Investors will exchange one into another and why.
Or more precise: If an Investor of the previous ICO wants to buy Heat-shares, he can pay with the token for that - give the token to the team and purchase shares. That way?
Great question, I think it will happen via the A2A exchange. A2A stands for asset to asset. It will work via the built in exchange on the HEAT ledger crypto 3.0 blockchain. They will release it very soon. They will most likely have an extra company share token that can then be traded for HEAT or BTC. I am sure they will release further info after the launch next week. So prepare your seatbelt because the coin will go to MOOOOOON soon!  Grin
Okay, thanks for the answer! But considered they need funding and considered they get a lot of Heat-Tokens as funding in exchange for Heat-shares, the result would be that they hold a lot of tokens they would have to sell to get money.
If I see this correct there may be an economical problem here.
Is there any incentive for those who are already invested to hold the token it instead of selling it in exchange for shares?
Is there any incentive for potentially new Investors to invest in the token instead of shares?
If the team is paid with Heat-tokens in exchange for company-shares - what should they do with that instead of selling to get funds?
It's possible that I'm missing something here, but even if there wouldn't be some drama here currently and not that much incentive to buy into Heat for new Investors, I see no scenario for a rising price while there are many potential threats - not only for the price of the token but also when it's about funding of the project. The team could find out: Oh, we have a lot of Heat-tokens now, but what to do with it? Waiting won't help because nobody with a clear mind would buy into it since it needs to be considered that they have to sell at a point to stay funded. I mean, that's kind of the business-model of the next ICO right? They get tokens for shares.
Or am I missing something here?

I believe it was mentioned before that the shares for the company are to raise a certain amount of Euros. Each share I think was planned to cost 25 EUR.
There will be 1 option given for each 400 HEAT coins an investor owns. This 1 option entitles the owner to 1 traditional share of the company at a 50% discount (12.5 EUR).


Okay, thanks!
That's a good incentive to buy shares with the token, or the other way around: It would be near to stupid not to exchange the token for shares, right?
And new Investors who would like buy into Heat also might focus on the token before the ICO to get a discount - as long as it's cheaper to use the token than another currency.
That means, it's likely that the team will get near to 100% of the token-supply but not that much of other funding. Especially because of that it wouldn't make any sense to buy the token after the ICO because the price can't stay above since the team needs to sell to get funding. If I'm not missing something here: There won't be a market for the token after the next funding round what also means that the team can't sell the tokens, at least not enough, not near to the price it was meant for - it will go down like a stone since there is no incentive left to buy it.
But since the price of shares is connected to the price of the token - it's unlikely that the price of shares will stay up when the token goes near to zero because the team holds near to 100% but runs out of funding. That also means, that there is not much if any incentive for new Investors to buy into this. That makes it even unlikely that the token will rise prior to the next ICO while it seems like a safe prediction that nobody will want it after the next ICO.
If I'm not missing something important, this is an economical circle-game - more a "downward-spirale".

Not necessarily, also I am not disclosing whether I will buy shares or not. I'm sure the coins will be trade-able with the shares at some point.
It depends on the proposed profit generating cases for the company. The team will not ever come close at all to getting 100% of the token supply...
As far as I understand correctly, the IPO funding will be for Euros. So I don't think they will be selling any HEAT for fiat for the IPO.
The price of shares I believe is denominated in EUR, not connected to the price of the HEAT coin.

I would assume also, HEAT will be used on the platform. So there is incentive for having HEAT. The team will receive 1 million heat after 1 year from what I understand in the OP.

Why would you keep the token instead of exchanging it for Heat-shares?

And please take a loot on the scenario out of the perspective of a potential new Investor. You say the next funding will be for €. But it's kind of a naive assumption that anybody will send them Euros if it's possible to get the shares cheaper as long as the token does not exceed a certain level in price (didn't do the math but of course it can be calculated).

With other words: If there would be a lot of new Investors the scenario would be that the token first goes up in price to a level that there is no discount any more. Than it would need additional Investors who make the choice to pay for shares with other currencies like Euro or Bitcoin or whatever.

But: If this is not against all economical principles, the token needs to go down in value right after that. Because:

1) It has no advantage over the shares. Why would anybody who considers Heat as a good project buy into the token instead of the shares?
2) Who would buy into the token when it's safe to say that the team will have a huge majority of the total supply and needs to sell to be funded?


And the problem is: The value of the shares and the value of the token is connected. There is no chance that the value of the shares will stay up when the price of the token goes down.

1st Conclusion: No way that a rational actor will touch the token or the shares.

2st conclusion: Investors of the previous round will try to get rid of the token by selling them prior to the next funding round or by exchanging them for shares. And the team will get a lot of tokens that won't have much value after that.

3st conclusion: Since that is predictable for everybody who thinks about this, it goes back to 1st conclusion.


It's really interesting because all economical systems are about incentives and anticipation. And this one needs irrational actors to keep it running. It's like a magic trick that doesn't even work out for the wizards who designed it. That's why I called it a circle or a downward-spiral. The third conclusion leads back to the first one.
1230  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] HEAT: 3.0 crypto*multisig fiat*a2a hft*1000tps*DSA*PoS+PoP*e2ee chat* on: January 21, 2017, 06:20:24 PM
One question: How will that be with company-shares? I don't ask because I plan to buy but I'm interested in the relationship of token and share and how current Investors will exchange one into another and why.
Or more precise: If an Investor of the previous ICO wants to buy Heat-shares, he can pay with the token for that - give the token to the team and purchase shares. That way?
Great question, I think it will happen via the A2A exchange. A2A stands for asset to asset. It will work via the built in exchange on the HEAT ledger crypto 3.0 blockchain. They will release it very soon. They will most likely have an extra company share token that can then be traded for HEAT or BTC. I am sure they will release further info after the launch next week. So prepare your seatbelt because the coin will go to MOOOOOON soon!  Grin
Okay, thanks for the answer! But considered they need funding and considered they get a lot of Heat-Tokens as funding in exchange for Heat-shares, the result would be that they hold a lot of tokens they would have to sell to get money.
If I see this correct there may be an economical problem here.
Is there any incentive for those who are already invested to hold the token it instead of selling it in exchange for shares?
Is there any incentive for potentially new Investors to invest in the token instead of shares?
If the team is paid with Heat-tokens in exchange for company-shares - what should they do with that instead of selling to get funds?
It's possible that I'm missing something here, but even if there wouldn't be some drama here currently and not that much incentive to buy into Heat for new Investors, I see no scenario for a rising price while there are many potential threats - not only for the price of the token but also when it's about funding of the project. The team could find out: Oh, we have a lot of Heat-tokens now, but what to do with it? Waiting won't help because nobody with a clear mind would buy into it since it needs to be considered that they have to sell at a point to stay funded. I mean, that's kind of the business-model of the next ICO right? They get tokens for shares.
Or am I missing something here?

I believe it was mentioned before that the shares for the company are to raise a certain amount of Euros. Each share I think was planned to cost 25 EUR.
There will be 1 option given for each 400 HEAT coins an investor owns. This 1 option entitles the owner to 1 traditional share of the company at a 50% discount (12.5 EUR).


Okay, thanks!

That's a good incentive to buy shares with the token, or the other way around: It would be near to stupid not to exchange the token for shares, right?

And new Investors who would like buy into Heat also might focus on the token before the ICO to get a discount - as long as it's cheaper to use the token than another currency.

That means, it's likely that the team will get near to 100% of the token-supply but not that much of other funding. Especially because of that it wouldn't make any sense to buy the token after the ICO because the price can't stay above since the team needs to sell to get funding. If I'm not missing something here: There won't be a market for the token after the next funding round what also means that the team can't sell the tokens, at least not enough, not near to the price it was meant for - it will go down like a stone since there is no incentive left to buy it.

But since the price of shares is connected to the price of the token - it's unlikely that the price of shares will stay up when the token goes near to zero because the team holds near to 100% but runs out of funding. That also means, that there is not much if any incentive for new Investors to buy into this. That makes it even unlikely that the token will rise prior to the next ICO while it seems like a safe prediction that nobody will want it after the next ICO.

If I'm not missing something important, this is an economical circle-game - more a "downward-spirale".
1231  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] HEAT: 3.0 crypto*multisig fiat*a2a hft*1000tps*DSA*PoS+PoP*e2ee chat* on: January 21, 2017, 05:21:57 PM
One question: How will that be with company-shares? I don't ask because I plan to buy but I'm interested in the relationship of token and share and how current Investors will exchange one into another and why.

Or more precise: If an Investor of the previous ICO wants to buy Heat-shares, he can pay with the token for that - give the token to the team and purchase shares. That way?

Great question, I think it will happen via the A2A exchange. A2A stands for asset to asset. It will work via the built in exchange on the HEAT ledger crypto 3.0 blockchain. They will release it very soon. They will most likely have an extra company share token that can then be traded for HEAT or BTC. I am sure they will release further info after the launch next week. So prepare your seatbelt because the coin will go to MOOOOOON soon!  Grin




Okay, thanks for the answer! But considered they need funding and considered they get a lot of Heat-Tokens as funding in exchange for Heat-shares, the result would be that they hold a lot of tokens they would have to sell to get money.

If I see this correct there may be an economical problem here.


Is there any incentive for those who are already invested to hold the token it instead of selling it in exchange for shares?

Is there any incentive for potentially new Investors to invest in the token instead of shares?

If the team is paid with Heat-tokens in exchange for company-shares - what should they do with that instead of selling to get funds?


It's possible that I'm missing something here, but even if there wouldn't be some drama here currently and not that much incentive to buy into Heat for new Investors, I see no scenario for a rising price while there are many potential threats - not only for the price of the token but also when it's about funding of the project. The team could find out: Oh, we have a lot of Heat-tokens now, but what to do with it? Waiting won't help because nobody with a clear mind would buy into it since it needs to be considered that they have to sell at a point to stay funded. I mean, that's kind of the business-model of the next ICO right? They get tokens for shares.

Or am I missing something here?
1232  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] HEAT: 3.0 crypto*multisig fiat*a2a hft*1000tps*DSA*PoS+PoP*e2ee chat* on: January 21, 2017, 04:47:47 PM
One question: How will that be with company-shares? I don't ask because I plan to buy but I'm interested in the relationship of token and share and how current Investors will exchange one into another and why.

Or more precise: If an Investor of the previous ICO wants to buy Heat-shares, he can pay with the token for that - give the token to the team and purchase shares. That way?
1233  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] HEAT: 3.0 crypto*multisig fiat*a2a hft*1000tps*DSA*PoS+PoP*e2ee chat* on: January 21, 2017, 03:14:50 PM
Listen up you buttfucking faggots! i have watched this thread long enough and I have lost my nerves now! Now it is time for me to speak and for you to listen. MrCoinzy, StewieG, Slackdaddy, bitdexter, tetra, mm1040 and to all the rest of you doubting the Heat project! This is all your fault! I have put a lot of money into Heat and I want it to succeed! We need to get more people in the IPO! You are destroying all we have worked for so long. Dennis is a genius developer. Have you even seen the interview with him on youtube? There he shows his skills. He explains stuff that even I am unable to comprehend. He is the brilliant developer of FIMK. FIMK was internationally very successful. Were you fags successful once in your life? You where not. And omg Svante, I would trust my life to this man. He knows how to do things right. He is a man of his words and not once did he lie to anybody in the cryptosphere. He is that type of manager that grabs things by the balls to get them done. What do you faggots do? Have you done something constructive here? Where are your great achievements? All you do is make a funny of these 2 men with too much courage. Shame on you all. I fed up with this world. I had to get this out. I will definitely participate in the IPO and I recommend everyone else to do the same. You will regret it if you do not participate.

I've also watched this thread since a long time (nearly since it started) and man, this is my absolutely favourite post. Impossible, at least for me, to figure out if this is serious or great satire.
1234  Local / Altcoins (Deutsch) / Re: Lykke - semi-dezentraler Marktplatz auf der Blockchain on: January 21, 2017, 12:57:13 PM
gut das mit dem aktienanteil war klar, ist das selbe wie bei iconomi.

hatte nur die sorge, wenn man investiert, dann in 2 jahren alle einheiten auf dem markt sind und der preis in den keller geht.

kein investor will ja eine wertminderung seiner einlagen sehen.

danke für deine riesige antwort. hoffe du wirst gut bezahlt  Grin

die "beta variante" der roadmap schau ich mir mal genauer an.

Nichts zu danken! Und ja, sie bezahlen mehr als fair. Übrigens: Ich hatte ähnliche Bedenken als ich auf Lykke stieß und versuchte mir einen ersten Überblick zu verschaffen. Grund ist m.A.n. aber auch das was ich als "Crypto-Brille" bezeichne die bei Lykke nicht unbedingt passt, weil das Projekt in wirklich vielen Aspekten vollkommen anders ist als das was "wir" sonst so in diesem Bereich kennen. Gleichzeitig, und das ist im Grunde schon paradox und vermutlich jetzt noch nicht so klar erkennbar: Lykke ist mehr Open-Source-Philosophie als irgendein anderes Projekt das ich kenne - außer vielleicht Bitcoin selbst. Denn Lykke wird nicht nur, wie es ja fast alle tun, den Code Open Source veröffentlichen, sondern im Grunde alle Aspekte ständig zur Diskussion stellen und jeden einladen Feedback zu geben oder auch eigene Fähigkeiten ganz konkret mit einzubringen. Daher ja auch https://streams.lykke.com - das wird sich noch ausweiten. Oder etwas anders gesagt: Lykke folgt in gewisser Weise einer anderen Form des Perfektionismus. Es dürfen durchaus Schritte gemacht werden die nicht perfekt sind - aber Ziel ist es das Lykke jederzeit so flexibel bleibt um darauf zu reagieren und eventuelle Schwächen zu beseitigen damit sich Stärken und Potential immer weiter herauskristallisieren. Insofern ist Lykke auch nicht so hierarchisch wie es vielleicht scheint, eher wie ne Art Bienenschwarm ;-)

Ist jedenfalls wirklich spannend das zu sehen und ich bin schon gespannt darauf wie Lykke von der Öffentlichkeit wahrgenommen wird wenn das  deutlicher wird. 

1235  Local / Altcoins (Deutsch) / Re: Lykke - semi-dezentraler Marktplatz auf der Blockchain on: January 21, 2017, 11:29:29 AM
Sergey hat mir sein okay gegeben die aktuelle Roadmap zu veröffentlichen. Eigentlich ist das eine interne Übersicht. Man sollte dabei im Kopf behalten das sich da noch einiges ändern kann bzw. Prioritäten könnten sich verschieben.

Zitat Sergey:
"Road map is not fixed in stone though, priorities may change"

https://trello.com/b/IV0PH2gs/lykke-roadmap
1236  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Lykke - a global marketplace on the Blockchain on: January 21, 2017, 11:27:09 AM
Sergey gave me his okay to share the current roadmap that was actually not meant for the public but more as "internal overview".

What needs to be considered, quoting Sergey:
"Road map is not fixed in stone though, priorities may change"

https://trello.com/b/IV0PH2gs/lykke-roadmap
1237  Local / Altcoins (Deutsch) / Re: Lykke - semi-dezentraler Marktplatz auf der Blockchain on: January 21, 2017, 10:33:32 AM
auf coin cap steht, das die gesamtmenge der einheiten bei 1,285,690,000 LKK liegt?

wie werden diese riesen mengen verteilt? wie hoch wäre die inflation pro jahr?

das ist schon eine große summe und der aktuelle preis liegt jetzt schon bei 50 cent (daswäre der standard einstiegspreis bei 21 mio einheiten, da ja der BTC einstiegspreis meist als referenz (von 21 mio einheiten) genommen wird).


Vom Prinzip her schon richtig, aber Du vermischt da gerade etwas bei Menge und Preis. Um einen Überblick zu geben:

1,285,690,000 Lykke-Coins, momentaner Preis: $0.050088 pro LKK.

100 LKK repräsentieren 1 Lykke-Aktie = ca. $5 

gesamte Marketcap: ca. $64 Mio

Als "available" sind momentan nur die öffentlich verkauften LKK gekennzeichnet. Der größte Teil ist in den Händen von Richard Olsen, seinen Leuten, Lykke als Firma und anderen Early Investors.

Überblick/"Richlist": https://www.coinprism.info/asset/AXkedGbAH1XGDpAypVzA5eyjegX4FaCnvM/owners

Das hier ist eine Info-Broschürde für Shareholder vom letzten September, die auch einen guten Überblick gibt:
https://lykke.com/Lykke_Corp_Placement_Memorandum.pdf


Was die weitere Verteilung betrifft: Man muss wirklich im Auge behalten, dass LKK zwar wie eine Cryptowährung funktioniert, aber eben Eigentumsrechte repräsentiert. Und Lykke agiert als Firma, nicht wie ein Crypto-Coin-Projekt. Die weitere Verteilung wird über mindestens ein weiteres ICO laufen, aber ich vermute, dass sie auch insgesamt an Investoren verkaufen würden, da ein junges Startup logischerweise Funding braucht.

Das ist aber etwas das ich dann auch Richard Olsen mit in die "Fragen-Mail" kopieren kann.

Das Thema führt im englischen Thread übrigens immer mal wieder zu Kritik und ich selbst habe das zuerst auch ziemlich kritisch gesehen. Ein Grund ist aber wirklich die Erfahrung die die meisten von uns in Crypto gemacht haben - Schlagwort "Premine" - und der größte Teil in Hand eines Teams bei dem man nie weiß was es tut bis man es im Chart sieht.

Und natürlich braucht es auch in diesem Fall Vertrauen ins Team. Man kann aber davon ausgehen, dass sie nichts tun werden das den Wert der Firma bedroht - also etwa große Mengen in den Markt zu ballern oder was auch immer. Es wird immer ums Gegenteil gehen.

Etwas das ich nicht sicher weiß aber vermute: Ich glaube, dass v.a. Richard Olsen, aber vermutlich auch andere mit denen er Lykke gestartet hat die größten Investoren sind.
1238  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Lykke - a global marketplace on the Blockchain on: January 21, 2017, 01:19:33 AM
How come you can only make market orders and not limit?

It will all come, also margin-trading and much more.

Roadmap:

* Margin trading 
* Regulated retail FX 
* Offchain settlement scalable to 100’000+ transactions per second 
* Ethereum support: multisig wallets, interblockchain atomic swaps 
* Payment system provider 
* Regulated institutional FX 
* Fixed income products, commodities 
* 1 billion USD average daily volume

yes but who are the market makers if it's not possible to put a limit order at the moment?

Right now there is only Lykke as market maker/providing liquidity. But there really is a lot in the pipeline. I don't know exact time-expectations, but Lykke will change dramatically in a very positive way and most likely very fast.
1239  Local / Altcoins (Deutsch) / Re: Anfängerfragen on: January 20, 2017, 10:13:49 PM
https://www.lykke.com wird Ethereum in Kürze (weiß nicht genau wann, aber "bald") implementieren und die App ist sehr user-freundlich. Falls Du Lykke in Betracht ziehen solltest: Ich habe hier einen deutschen Thread eröffnet: https://bitcointalk.org/index.php?topic=1746281.0


 
1240  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Lykke - a global marketplace on the Blockchain on: January 20, 2017, 08:58:38 PM
ANNOUNCEMENT: Lykke Exchange will be now stopped for maintenance for 1 hour
https://twitter.com/LykkeCity/status/822541089672495104


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