Mendeleev or ShinyDiscoBalls are using a style of trolling known as Concern Trolling: a person who disingenuously expresses concern about an issue with the intention of undermining or derailing genuine discussion.
You clown. So what have we learned? Any bearish sentiment Any scepticism Any critical thought Any negativity... ... MUST be concern trolling. That's the ONLY explanation. So when Daparski was quite rightly asking important questions on Reddit, that was concern trolling too. When the Slack users were sceptical about Cofound.it and asking questions... that was concern trolling. You're an idiot. I haven't even (publicly) mentioned any concerns recently, because it's pointless talking to you people. And anything that really goes against the grain gets deleted and called FUD. So much easier to dismiss people as trolls though, isn't it? See: https://en.wikipedia.org/wiki/Useful_idiotWhen I asked questions on Reddit, the questions were constructive and not FUD. Not something that can be said about the FUD attack that started 2 months ago. I told you once, and I will say it again - you are more than welcome to start a discussion, a debate, write about your concerns, or to criticize. Just keep the facts straight. |
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I've been reading. As a holder of the token since ICO, I never touched it yet. I even kept on buying. I guess I know myself the purpose of the Asset I own. Okay man, sorry to disturb your day  Stable growth is a good sign for ICONOMI. I guess I didn't understand what you were asking. Want to ask again? |
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Woohooo.  Thanks for sharing. It gives us understanding on what ICNX is all about. Really love it. Can't wait for it to be delivered publicly. Now ICN goes on more upward!! Yes it is a good video that gives insights about ICNX platform.How did you got 5k plus icnx?. You bought them or you exchanger them for ICN?. ICN is $0.60 now while ICNX is $0.3.Why would I go for ICNX for ICN? ... Wrong. ICNX does not include ICN and won't in the future. Besides that you are right, buying ICNX is betting that the entire crypto sphere will grow, without the need to pick up the winners yourself.Oh Okay. Im wrong about ICN being at ICNX. But still what purpose is ICN for ICNX? man, you need to read the replies before posting |
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Woohooo. Thanks for sharing. It gives us understanding on what ICNX is all about. Really love it. Can't wait for it to be delivered publicly. Now ICN goes on more upward!! Yes it is a good video that gives insights about ICNX platform.How did you got 5k plus icnx?. You bought them or you exchanger them for ICN?. ICN is $0.60 now while ICNX is $0.3.Why would I go for ICNX for ICN? "In my opinion". Based on the video shown ICNX is not only for ICN, But for BTC, Ethereum, ICN, Monero, Dash, Augur and many more linked with ICNX. It is a common ground for a win-win situation no matter what costs is it right now, reminded some have had already a beta access. If we based on ICN Team performance. They have chosen the right projects to be linked with ICNX and that includes our very own ICN. What have you noticed? "Most of their investments increased" SO would you say, they will add tokens randomly for ICNX? Totally No, They will only link if they see a potential on that single token. That includes BTC, Ethereum, ICN, Monero, Dash, Augur and many more. Others might say, It's better not to join with ICN. I prefer ICNX. I would say to them, "You are out of your mind" ICN is linked with ICNX. If ICN Falls, slightly ICNX will fall with value. But if All tokens and linked with ICNX increases. Then surely, ICNX increase. If ICN becomes $1, ICNX will increase by a certain percentage if the rest of the other value remains constant that is based on the current overall distribution. It is like we are holding 10 or more Cryptos in 1 Token.  Would you rather trade your Bitcoin on 1 most preferred coin you like or Trade it with many coins using ICNX with Background and Potential. So share some love guys. Wrong. ICNX does not include ICN and won't in the future. Besides that you are right, buying ICNX is betting that the entire crypto sphere will grow, without the need to pick up the winners yourself. |
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Damn I should have sign up for the access. Does this mean those beta tester can buy INCX earlier? Yes. The purpose of beta testing is to test the platform |
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So right now ICNX is valued at 0.3$ per coin. Is it at that price that we pay to purchase 1 coin ?
yepp, one ICNX token. Price is changing accordingly to the price and weights of the underlying assets And where can we buy Icnx?is it available on any exchange? Kraken and Liqui for now what? ICN X is available on Kraken? Is this true? So how do you get ICNX tokens - what the total supply in circulation? As far as I understand ICNX is an index, not a token. That is, the growth of the growth or fall of all assets in the index. That is, the idea is to not run around the exchanges and not buy BTC, ETH and so on. You can buy ICNX and with the rise / fall of BTC + ETH + ... you get a common profit on ICNX. PS: Although I may not be right, but I see such a picture. ICNX is a token that represents a fund that follows an index, hence ICNX. Tokens are created when buying into the index (from Iconomi platform) and destroyed when sold. The ICNX price is determined by the price of the underlying assets that are included in the index. check iconomi.net |
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So right now ICNX is valued at 0.3$ per coin. Is it at that price that we pay to purchase 1 coin ?
yepp, one ICNX token. Price is changing accordingly to the price and weights of the underlying assets And where can we buy Icnx?is it available on any exchange? Kraken and Liqui for now |
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So right now ICNX is valued at 0.3$ per coin. Is it at that price that we pay to purchase 1 coin ?
yepp, one ICNX token. Price is changing accordingly to the price and weights of the underlying assets |
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Well done, Daparski, you deleted my posts which explained some problems in great detail, then selectively quoted some tiny pieces to respond to. Obviously I've hit a nerve. You are hilarious. As soon as I explain my position in detail... BANG... the posts are gone, followed by quote mining and bizarre conspiracy theories. It's easy to talk shit when you only quote single lines out of everything I said. You just exposed yourself as a dishonest mod, and a total shill. It's fine though. The truth hurts. If I cared enough about my "FUD", I could easily post it somewhere else where you can't remove it. "Ooo his avatar is the Mask, so he must be FUDing"... Sound logic from Daparski there.  If I would have half of the opinions he presents about any project, no way I would buy their product. That part is the only sensible thing you said. No, your posts contained mostly misinformation and FUD. You previous posts were not deleted. You are welcome to start a healthy debate over the last changes, and to criticize as much as you want, just keep the facts straight |
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Okay hunny come back later and see where the project is. You know, maybe save your criticism for when it isn't purely conjecture? Still think it is funny you apparently think Iconomi is willing to burn down their own house while sitting inside. But I'm sure they are just idiots and you are way more qualified than they are, so perhaps you should start your own project where you do issue dividends? How about you put your money and your reputation on the line so that anonymous trolls can berate and criticize you every step along the way while you attempt to trail-blaze into uncharted financial territory. Even though the path isn't lit be sure not to slip up even once or else the sharks will get you. Also don't you dare experiment with different approaches to address pressing legal/regulatory issues- adapting is for idiots! We will wait, I'm sure it will be a huge success since youareverysmart. Adapting is key factor for survival and success for every young startup. In our blockchain sphere things are changing and moving even faster. Stagnation is what can kill a project. there is a difference between knowing the path and walking the path |
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Recent posts of Mendeleev were deleted because after I read all of them it clearly indicates FUD and intentional misinformation (selected quotes and explanation bellow) He was bitching about all kind of things for some time and was dancing around the FUDding line, which was annoying but still acceptable - hence posts weren't deleted. What it looks to me is trolls trying to evolve and spread more sophisticated fear where in reality it is just misinformation wrapped around "concerns" and "conversation". Have a look at the chronic - first general posts focusing on the big picture and how posts will be deleted, and then he dives into more focused FUD A side note - he also changed his avatar to the Mask around the same time if I am not mistaken Think about it man! You've all just convinced yourselves this is a positive move, because you're refusing to see the bigger picture. They made it so obvious too! Basic FUD attempt. Usage of general words without providing any detailed information. "They" made it obvious but "You" refuse to see the big picture... But by all means, delete it because it's "FUD" and "dangerous". Like I wrote - first general posts focusing on the big picture and how posts will be deleted, and then he dives into more focused FUD TaaS looks a bit sketchy, but still looks like a better option than Iconomi right now. ... Nothing personally against TaaS, but if you think about it for a moment, TaaS is kind of like ICNP, where you get 50% back on publicly known trades in real time (front running someone?) Team has not proved a damn thing yet, and they are far, far away from delivery. Their token has a fixed price of $1 (because they decided to) So better have ICN for half price and get much more than TaaS and the last interview was.... sad Imagine they have 100 btc to buy back ICN.
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That goes straight to market. Classic FUD attempt with fine douses of misinformation: Iconomi platform will calculate and charge fees every 6 hours or maybe once a day. Once the fees are deducted from the funds they can go to the market and be ready for buying. You don't really think that Iconomi is gonna put a 100BTC buy walls? Common, they know a thing or two about markets and trading. That means that some of the ICN will be bought for less than others. Which means the system isn't proportional, and your stake no longer represents a proportional stake in the profits accrued.
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The ONLY people who are guaranteed to benefit from this are the Iconomi team, because they're getting their shares back free of charge (essentially), and increasing their stake in the new company by adding more weight to the ICN they hold. BS continues. In case of dividends, ETH would be bought for distribution as well. And it would have to be done on a bi-weekly basis. Ethereum went up 4x in a month, so how would that be proportional stake in the profits (whatever that even means)? And the last one - Iconomi team is the only one to benefit from that... The biggest BS and FUD comes at the end, since it will have the biggest weight. Last time I checked all ICN tokens were created equal. And they will start having their ICN end of april. Start having as vested over a long period of time ( I think it is 12 months) My conclusion: for a person that sold his tokens and is here "just to see what's up because he wants to buy ICNX" it is shady AF. If I would have half of the opinions he presents about any project, no way I would buy their product. If it doesn't make sense it is a troll |
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when polo?
when polo to you to Good luck guys!!! |
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So why you keep posting here? Oh look it's Daparski, the Iconomi lap dog. Why shouldn't I post here? Is it because I said something that wasn't 100% positive? People are allowed to voice opinions other than "Iconomi is going to the moon", you know. Grow up, Daparski. You pop up like a bad smell at any hint of an alternate perspective on something. What I said wasn't even that bad. There will be criticisms, and there will be shills like you ready to get butthurt about the criticisms. The rest just amused me. It is meta. And i follow here because, as I stated before, I am interested in buying the Iconomi product, e.g. ICNX. You don't have to hold ICN to be allowed to read or post in this thread. I asked and didn't delete. So chill and keep the FUD down |
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So why you keep posting here? |
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setting this new initiative (the burning) to one side just for a moment, is the fundamental proposition of Iconomi actually working well, and is it likely to work well in the future? this new news seems a bit of a distraction from the core offering.
The dividends were part of the core offering, so it is not a distraction to debate its implications. Hopefully the rest of the core offerings remain intact, like the index/hedge fund like tokens, and also the fund management platform. No. Profits distribution was the core offering ( as long as they have ICO money to use). Dividends is just one possible way of that profit distribution |
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ICN is going to hit $1 this week! I actually think its smart that they are buying back. Dividends have all sorts of weird tax implications with it, esp with something like cryptocurrency.
Yes, I think without the dividend structure the legal issues, especially for U.S investors, has been minimized if not eradicated. This is why many think ICN will soon be listed on Polo. Sure seems like it ought to be listed, I can't think of any reason why it wouldn't now? I can tell you this even bring more legal issue, because if the team continue to buy and burn the tokens, this will lead to centralisation of tokens in the hands of developers again how do investors that has been promised initially during the ICO that theare going to be paid dividends in Ethers going to get value for his investment, please don't tell me the price would go up because that is specualtion. This is not going to end well because it should be the developers burning their tokens not by manipulating the price if the team continue to buy and burn the tokens, this will lead to centralisation of tokens in the hands of developers How do you get to that? Burning tokens means that no one can use them ever again |
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The first buyback is only around 85K ICN's...spread over 90 days.... so they go to buy back around 1000 ICN a day.... that's nothing...That will not effect the market price... For me the decision to go the buyback way is 100% against what I expected and what was promised with ICO. We are owner of the platform, and Iconomi decides to change the basics. That's not fair in my opinion. I want ETH as Dividends... my % of Iconomi would be the same...but I would earn ETH, which in few years is 1000 times more worth than ICN.
Nothing like that was "promised" during the ICO. They presented a roadmap and fundamentals. Fundamentals haven't changed. You are not owner of the platform, you don't get to decide how the service operator decides to implement its plans. You only have shares in the revenue. What was changed was the way they distribute profits, and for that no one promised a vote. You are talking about dividends in the form of eth, like you would receive 10 eth every week. If you want to go long on eth, you can buy from the market. Come on... as the main Moderator you should be aware of what they promised. (by the way your FAQ link in your footer doesn't work anymore) and in the AMA Tim responded to me that there will be dividends... so don't tell me that was not promised. Such answers make me even more skeptic. From the whitepaper: "Being a crowdfunded project, a majority of 85 % will be owned by the crowdfunding participants in the form of ICONOMI tokens (“ICN”), while" "ICN tokens represent ownership of the ICONOMI platform, allowing their holders to receive dividends and vote on ICONOMI related issues." thanks for the signature tip They didn't promise, what are we in kindergarden? Keep in mind that Iconomi is a young startup, running for 6 months in a ultra-fast changing environment. There is a difference between knowing the path and walking the path.The most important for every young company is to be able to foreseen potential obstacles and find elegant solutions before they occur. IMO changing the profit distribution to buy/burn is such an example. Besides the potential legal implications that were already discussed, profit distribution in the first year of a startup should not be its main goal. The focus should be developing its core business/product. In our case it is to release a secure, easy to use and usable platform (OFM). I wrote it here and on slack several times - dividends are a mid-late game tool. No need to burn extra hours in distributing them now. By burn extra hours I mean the technical implementation of it, testing, adding much more pressure on the support, having to spend tons of hours with exchanges, and at the end spend much more of those profits for fees. Dividends are not the big deal, OFM with big userbase and a lot of active funds is. |
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Call me an ignorant but I don't understand how the buyback system is better, ICN just like every other crypto currency get its price from the demand and It should get demand so people could use it for a purpose right? In the first case, to receive dividends, now and we switched to buyback, why would people buy ICN If it has no purpose anymore?
I'm an investor and I'm not trying to spread FUD honestly, I just want to get some things cleared to me so I decided If I should invest more or not. I see that the price already started increasing so I might be missing something.
ICN still represents a share of all the fees from Iconomi platform. They didn't change the fundamentals, only the fee distribution mechanism. dividend or buy/burn are two different methods of distributing fees For example, say the market cap is $100m and you own 1/1000 of ICN supply or $100k worth Iconomi wants to distribute 1000 ETH profits to ICN holders: A) they send ETH to every address, and now you have 1/1000 of the ICN supply ($100k) + 1 ETH B) they buy/burn 1000 ETH worth of ICN, shrinking the supply so that you now have 1/999.5 of the ICN supply worth ($100k + 1 ETH) In case B) you could sell exactly 1 ETH worth of ICN and you would end up with 1/1000 of the ICN supply ($100k) + 1 ETH, just like in case A) It's not the end of the world if you have to hold less than 0.5% of your ICN on exchange then slowly sell it in order to receive your ETH dividends. This article does a good job of further explaining the fundamentals of ICN: https://medium.com/@theDAOKING/the-iconomi-burn-crypto-buybacks-f9edb30530feThis line of thinking is especially dangerous in non-efficient markets. What you've proved above holds true only if the price of the token represents strictly the underlying economics, which it doesn't, especially in crypto. The problem with this line of thinking is, you are taking on the exchange rate risk, in addition to the economic risk of the underlying (stock, token, whatever). If you were an investor, do you think you would have preferred dividends from KO during 2008-2009 or would you rather have sold your KO stock, at its lowest point in a generation, to cover the same pseudo-dividend? Your analysis doesn't take into account price speculation. This is very well known to people who invest in traditional stocks (dividend paying vs. non-dividend paying). I am not saying this is a bad move by the ICONOMI team, but it is incorrect to characterize it as being economically identical to the end investors. This line of thinking is especially dangerous in non-efficient markets. What you've proved above holds true only if the price of the token represents strictly the underlying economics, which it doesn't, especially in crypto. It does. ICNP current net value is 10M usd |
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The first buyback is only around 85K ICN's...spread over 90 days.... so they go to buy back around 1000 ICN a day.... that's nothing...That will not effect the market price... For me the decision to go the buyback way is 100% against what I expected and what was promised with ICO. We are owner of the platform, and Iconomi decides to change the basics. That's not fair in my opinion. I want ETH as Dividends... my % of Iconomi would be the same...but I would earn ETH, which in few years is 1000 times more worth than ICN.
Nothing like that was "promised" during the ICO. They presented a roadmap and fundamentals. Fundamentals haven't changed. You are not owner of the platform, you don't get to decide how the service operator decides to implement its plans. You only have shares in the revenue. What was changed was the way they distribute profits, and for that no one promised a vote. You are talking about dividends in the form of eth, like you would receive 10 eth every week. If you want to go long on eth, you can buy from the market. |
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A friendly reminder that iconomifunds.com is a great place to list your planned Iconomi Fund before launch to gain support! 5 funds (7 if you include ICNP & X) are listed so far with one over 1k views. Even after OPFM launch this can be a great place to update your fund followers on progress and changes
As a side note, I have a quite a few Facebook pages I run, Iconomi Funds is one of them. There is only one page that has received 30+ new likes in the past few days mostly from a specific country. India. The rise in India internet use, mobile banking, ecommerce sales and contracting cash supply may create a wonderful boon for the crypto space, but mainly ICN due to its reach with ICN and ICNP.
Great job, DeadlyEskimo! Just want to thank you for taking the initiative and setting up this wonderful site for the community.  Pretty sure it'll become the go-to place for fund research once the platform has been launched. I just hope either the dev or Darpaski can add your site to the first post, so it will become known to the community members. A small request to Darpaski: Do you think it would be possible for you to modify the first post of this thread, and move the information from the old thread to this post? It will be great if you can add an "Iconomi Resources" section also (and add Iconomifunds.com, Iconomi's Slack channel, and Iconomi.News.. etc to the section).. I think it will really help introduce Iconomi to the newcomers if you can modify the first post of this thread. Thanks!  Noted Thanks for the initiative! |
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