I don't normally make these kinds of posts, or even bother with an account, but Bitcointalk has really deteriorated since I first saw it. Half the people on here can't even construct a proper sentence, but for some reason think we should all hear what they have to say, no matter how asinine the crap they shout over and over.
I've got a couple of points, if you care enough to read:
(1) These guys are trying to build something interesting here. They've put thought into it and a lot of energy. You need to learn how to respect someone else's work, even if you disagree with it. If the whole world operated like the people posting on Bitcointalk, we would live in a real-life idiocracy. Take a step back and realise you're just smearing crap on the walls someone else built through hard work - what have you done?
(2) If you do come to the conclusion that you don't like the project, that's fine. Try and make a statement that's rational and move on. People are shouting about devs demanding millions of dollars when nobody is demanding anything, how young Vitalik is when that has zero impact on anything (can't imagine what you were like at 19 - Lord help us), or this totally irrational obsession with premine = bad when the roads you drive on and the water you drink got premined and delivered to your tires and orifices through some type of social organisation.
(3) We don't live in a fantasy world where devs are free. People need to eat and can't develop something as significant as this project over many years without getting paid. The BTC raised will be completely transparent and go to actually making this happen (and that'll be transparent as well). If you knew anything about project development, let alone cryptocurrency development, you would know how incredibly hard it is to find competent developers. They have those and the contacts to get more. In fact, if you did a little bit of research, you would know there's constant activity of totally open code being written on a near daily basis already.
(4) The founders need to have a vested interest, just like developers. They are the ones who will champion this project harder than anyone else. If there's no incentive for them to do so, what's the point? The founders are going to dedicate years of their lives to growing this project and creating value through building something that's novel. Most projects to date have been amateur hour, and the bar is being set pretty high with Ethereum - maybe that explains all the butthurt some people have about it. How about you look into what each of the founders have contributed to this community? I think you'll get a pretty good understanding of how significant this project is for the larger and future ecosystem if you do.
tl;dr Respect someone's hard work, learn to move on if you disagree, understand that making cool things costs money, and look at the bigger picture.
You know what? You are just a shill and yes these guys are frackin greedy bordering on thieving. Do devs deserve to get paid, yes. Do they deserve to rip people off, hell no. The reason there is a decidedly negative stance on this is because people have a general sense of fairness and this is not it. You want people to respect their hard work? Show me what you are talking about. Go to an investment banker, hire some attorneys and procure a prospectus and make it publicly available. When you are asking people to fund 36 million dollars, there should be an adequate amount of due diligence available for prospective investors. A youtube video and an advertisement on Bitcointalk forum is frackin not only hilarious its downright appalling. You try going into a bank or venture capitalist's office and asking them for 36 million and 50% premine with absolutely no risk LMAO. They would throw you out of the room and yet you have the gall to come on here and evangelize on why they deserve to get PAID and deserve our respect and money? Go kill yourself. Your sense of fairness is seriously warped. If no bank or venture capitalist in their right mind would fund this deal, why are they crowdsourcing? Because they think coin investors are idiots. You want respect for your work? Go spend a few hundred thousand and hire an investment banker and attorneys to draw up a prospectus like any DECENT hardworking entrepreneurs would do that asks for 36 million plus from joe public. |
|
|
|
Hello Vitalik! Quick question! Is there a minimum amount required for initial investment? On the blog you wrote: ...on February 1, the fundraiser will begin, at which point anyone will be able to obtain some of the initial pre-allocated ether (Ethereum's internal currency) at a rate of 1000-2000 ether for 1 BTC by going to http://fund.ethereum.org. The fundraiser will run throughout February and March, and early funders will get higher rewards; anyone who sends money in the first seven days will receive the full 2000 ether, then 1980 ether on the 8th day, 1960 on the 9th day, and so forth until the baseline rate of 1000 ether per BTC is retained for the last three days of the fundraiser. Will the minimum purchase be 1 BTC worth or will you be able to purchase with .5BTC or less for example? I think there are a lot of people who don't have thousands to invest but still want to get involved early on. Me being one of them  min is .01btc Why in the world would anyone buy this coin pre-sale is beyond me. This coin is going to be way way undersold. There is going to be a huge coin dump to compensate and you will be able to buy them for huge discounts aftermarket. Do not enable this type of behaviour from coin devs. Do they deserve to make a ton of money for their efforts? Yes, if the the coin succeeds. Do they need to be millionaires before the launch and before we see progress or pretty much anything? WTF? They want the entire Bitcoin community to pay them 36 million dollars plus salary plus 50% of the mine before launch. For what? They must think we are all frackin idiots. |
|
|
|
I had bids filled at 22 and 23 just before it went down. A bit overpriced.
I don't think it's overpriced either. there was a pump before it went down. I sold most of my stash for 40 or even more. Happy to buy back double now ! So you were the dick with sell walls. And FYI there was no pump. People didn't sell for lower prices till you started it  . dick? I wasn't selling anything and I did not start anything. My wall was not even up, i was planning to hold but it all went too fast. I saw a pumper trying to break the walls above 40 so i quickly dumped in mine at 40. Its called smart trading. That wall wouldve breaked anyway even if i didnt put my order in between. The price went from 20 to 40+ in a matter of minutes. You're stupid not to sell if you are witnessing such stuff because you know when the pump is over it will drop to the stable 20+. Oh and don't worry. This coin will go back to 40 and above easily again. I'm always amused when people go online and talk about how they sold at the high and bought back low and made a neat profit. I tried this tactic and you know what I have found? When you are involved with solid coins at the ground floor level, you can be successful maybe once or twice with that strategy, but eventually one time you will sell and it will go up straight 10x without looking back and you will have turned your theoretical gain into a theoretical loss. I am hundred percent you will do it again because who wouldn't once they were successful. I've tried it a few times myself and ended up banging my head against the wall the few times it zoomed past me after I thought I sold at the high. Anyone who has ever traded in coins have done that many, many times and if you say you've always timed it right, you are a liar. So, I never do that anymore if I am fully invested and believe in a coin. This strategy only works with established coins that you can day trade and has volume with a history of going up and down in the same range. I will be very surprised when we reach 100k+ if you own any Klondikes, I'm sure you will try it next time and it will whiz right by you. As an example this exact thing happened the other day... I had 4000K order at 14,500 and there was another btc worth of others behind me and some guy just dumped on me and everyone behind me all the way up to 12,500. He then proceeded to put in a large buy order at 12,000 using your exact same plan...lol it bounced right past 15,000 and look what happened. You guessed right this time, but to say people were stupid for not selling at 40,000 are naive is just dumb. You got lucky this time and maybe will get lucky again, but anybody who brags about this strategy when it comes to new coins are just asking to bang their heads on walls eventually. On a good coin, theoretically you will always make small gains with your strategy but will miss out when it shoots up 10x because you will always sell when you gain 30-40% because you think it's at the high now. Tell me I'm wrong and I will call you a liar. |
|
|
|
after 9 hours of sleep im back here  wow kdc stable at 25 thats awesome ^^ time to buy some No kidding right? We are sucking up all the dumpers and holding the price. There are less and less sell orders coming in now and as soon as the sellers/dumpers are gone, we will be in for another ride, only this time we got rid of all the sellers in the 35,000 to 25,000 range. 40,000 to 50,000 will be our next trading range. |
|
|
|
If you study the potential of the bitcoin protocol and it is very clear that the power of the platform is currently vastly underutilised. Yes there are built in contracts, escrow, and other complex operations, but these are barely utilised, in spite of them being desperately needed by the bitcoin community and ecosystem.
I don't know the developers and I'm not technically qualified to say for sure, but the next years Google could look just like this.
One of the interesting things about buying/mining any coin is that you not only get the value of the coin and the ability to spend it, but also it is a share in the business of the coin, much like a stock market share. Why complain about them raising 20million when you'd prefer it was 2 million.
Clearly bitcoin is going to be big business - if you want to win it makes sense to be well funded, or you'll get squashed by the next guy.
Time will tell if these guys succeed or crash, but this should be looked at as more than a speculative currency investment - it is taking a stake in the development of a promising new technology.
Personally I'm bullish about bitcoin, but not (just) as a speculator. I'm bullish about the protocol and how it is going to impact the future.
I see bitcoin as being on par with social media or the internet. We are at the very start, but its the programming and contract potential that will be the long term value. The currency aspect will be important, but that's just a special use case of something much more powerful. I've got a lot more interest in what these guys are doing than the next Dogecoin, that's for sure!
As to the people who said "they aren't even going to build the apps for you!" - that's like complaining that the internet sucked as an invention because it didn't have facebook yet.
I call bullshit on everything you wrote. This coin has a very minimal chance to survive in the long run. Is there some innovation? Probably yes. Is there a huge chance that it will fail? Yes. Will there be another coin with more innovative features around the corner? Yes. If you think this coin has any chance of overtaking Bitcoin, you are smoking crack. Do these guys really need all 36 million and 50% of the pre-mine to survive and compete? Fawk no. A venture capitalist would only give them just enough money to pay for expenses and the rest in shares based on the success of the coin. These guys are not trying to fund the project, they are trying to Frackin be millionaires before the launch of the coin. They are taking ZERO risks and putting the burden of the 36 million they will have in their bank accounts on the Bitcoin community. |
|
|
|
They say they are trying to make this IPO as fair as possible and distribute it also to miners etc. BUT they don't follow through with this fairness to themselves enriching themselves greatly. This could be a great technology but I'm not technical but this is more unfair than NXT ever was. At least NXT only became enriched by their own coins and didn't collect a huge amount of BTC to start.
I might invest in this but I am 100% that the guys are doing something that will benefit themselves multiples of times more than any investor. If they wanted to be fair they could put a cap at 1 BTC or even just ask people to send a token amount like .001 BTC etc. They could still get rich from their share if they create a successful coin. Don't forget even if this coin sucks and fails they get rich, this isn't Libertarian freedom of capitalism but more resembling a Ponzi scheme.
If I buy this coin and don't make much i'm going to be pissed that the skinny little geek is going to be snorting coke of one of his Faggot Dungeons and Dragons buddies butt crack.
The simple question you have to ask yourself is this? Why pre-buy this coin as an investment and make these guys 36 million when you can probably make just as much on other coins without the risk of pre-sale. For example, I have been buying up Klondikes since their launch a few weeks ago and already tripled my investment and expect at least 10x more still. Why did I invest my money into Klondike? They have six certifiable devs that are working on projects round the clock and you know how much was pre-mined and pre-sold? Zero and Zero. These guys are actually BUYING their own coins and hoping their investment in hard earn work and capital will earn them money later. Can you believe that? I can invest in Klondikes because I know the devs got a lot of their OWN money and time riding on it so they will not let it fail. These guys on ethereum, I cant stop laughing, they are asking for 36 million dollars and 50% pre-mine. "palmface" If didn't see it, I would think it had to be a joke. Even if you believe this coin will succeed in some capacity, you should not reward these guys for being greedy. These type of deals will turn off a lot of the Bitcoin community and if people start putting any decent amount of money into these types of coins, I GUARANTEE YOU, there will be a hundred more coins like this that will try to raise millions in pre-sale. And before you know it, the market will be saturated and collapse, and the hundreds of thousands of people will start losing money because there just is not enough capital to support hundreds of 36 million pre-sale coins. Don't support these get rich quick scams. If you like the concept, you will be able to buy tons of these coins aftermarket without any pre-sale risk and without enabling these type of coin operators schemes. Thing is i'm not saying that its not a great coin, it could be, that's why I said I'm not technical and didn't know enough to ascertain its intrinsic value. That point is irrelevant, my point is even if they have the most awesome coin in the world and will become the new global reserve currency they are clearly setting the IPO up to massively benefit themselves under the guise of being fair to miners etc. So the truth is I could make some good money on them but I know the founders will be making off like bandits as well. BUT I don't mind that, founders deserve rewarding if they ARE successful but they will succeed even if their coin isn't. So why wouldnt I just pass this by? Well because if I gain I care little about their success. In fact the reason they can grab a large cut is because they MIGHT have a great coin. They know you want something and are being dicks about it basically. They are selling water in a desert, of course we want it and they can charge anything they want. Now I have zero problem with them being dicks about how much they are asking, what I find annoying is they are talking BS about this being the fairest way possible to distribute the coins. I would respect the little dweeb if in his squeaky little nerd voice he just said hey i'm the Geek Daddy and i'm gonna get so rich I can buy every Star Wars figure ever made and can get to have a gay spit-roast with his hero's Mark Zukerberg and Obama. I dont know what the problem is anyways. If you pre-buy the coins you are enabling these kinds of schemes and it will ultimately hurt you in the long run because hundreds of coins will try to pre-sale millions in the future and turn and burn traders and investors. If you like the coin you will be able to buy a ton of them aftermarket without supporting this scheme. Besides, they are setting a pre-market sale of one dollar per ethereum. I GUARANTEE YOU that it will be way undersold. I am 100% certain that real traders will not dump that kind of cash into someone else's lap before launch. When they find out its undersold, they are going to try to make up for it by pre-mining the crap out of it and selling it aftermarket to pay themselves in that way. The market will get saturated in the beginning and you will be able to buy as many as you want at a steep discount. Imagine they try to dump 30 million shares on the market at a dollar plus all the coins that will be mined. It will surely sink before it will rise. You have to be dumb to buy it in advance. You will can wait until the last day of pre-sale and find out if its undersold and then you will know they will have to dump a lot of coins on the market in order to keep monetary promises to all their core people. The ONLY reason they are doing crowdsource type of funding is because no legit banker or venture capitalist in the world would fund this project and if they did it would be with minimum cash to stay afloat and share options if they succeed. The only people they can find dumb enough to not dig deep into finances are people who invested in coins and are just looking for the next hit without doing any due diligence. But, I believe even us dumb traders can smell a fish and bait when we see one. So there will be a few suckers and it will fall way way short of their goals. Hence, massive dumping in the beginning. I'm not against these guys making money, just against people taking advantage of other people. This is a total scam job. IPO my ass, that's just appalling and these guys must have a very low opinion of the Bitcoin community's intelligence. Let them earn their money off the bitcoin community like every other dev. Through hard work and success of the coin. Free markets only work when the naive are made aware of the risks, otherwise it is just another scam job. I'm not even sure if these guys are legally allowed to fund this amount of money with USA residents, there are certain crowdsourcing laws to keep people from scamming others and Im sure when you are talking 36 million, it would be highly scrutinized. |
|
|
|
They say they are trying to make this IPO as fair as possible and distribute it also to miners etc. BUT they don't follow through with this fairness to themselves enriching themselves greatly. This could be a great technology but I'm not technical but this is more unfair than NXT ever was. At least NXT only became enriched by their own coins and didn't collect a huge amount of BTC to start.
I might invest in this but I am 100% that the guys are doing something that will benefit themselves multiples of times more than any investor. If they wanted to be fair they could put a cap at 1 BTC or even just ask people to send a token amount like .001 BTC etc. They could still get rich from their share if they create a successful coin. Don't forget even if this coin sucks and fails they get rich, this isn't Libertarian freedom of capitalism but more resembling a Ponzi scheme.
If I buy this coin and don't make much i'm going to be pissed that the skinny little geek is going to be snorting coke of one of his Faggot Dungeons and Dragons buddies butt crack.
The simple question you have to ask yourself is this? Why pre-buy this coin as an investment and make these guys 36 million when you can probably make just as much on other coins without the risk of pre-sale. For example, I have been buying up Klondikes since their launch a few weeks ago and already tripled my investment and expect at least 10x more still. Why did I invest my money into Klondike? They have six certifiable devs that are working on projects round the clock and you know how much was pre-mined and pre-sold? Zero and Zero. These guys are actually BUYING their own coins and hoping their investment in hard earn work and capital will earn them money later. Can you believe that? I can invest in Klondikes because I know the devs got a lot of their OWN money and time riding on it so they will not let it fail. These guys on ethereum, I cant stop laughing, they are asking for 36 million dollars and 50% pre-mine. "palmface" If didn't see it, I would think it had to be a joke. Even if you believe this coin will succeed in some capacity, you should not reward these guys for being greedy. These type of deals will turn off a lot of the Bitcoin community and if people start putting any decent amount of money into these types of coins, I GUARANTEE YOU, there will be a hundred more coins like this that will try to raise millions in pre-sale. And before you know it, the market will be saturated and collapse, and the hundreds of thousands of people will start losing money because there just is not enough capital to support hundreds of 36 million pre-sale coins. Don't support these get rich quick scams. If you like the concept, you will be able to buy tons of these coins aftermarket without any pre-sale risk and without enabling these type of coin operators schemes. |
|
|
|
|
What I would like to know is if they fall short of the 36 million, which I predict they will monumentally. If they only raise one million, even with their cheap 2 for 1 sale ploy LMAO, are they going to drop the project and return everyone's money immediately? This is a question people should be asking. Also, if they fall short, and still want to proceed, how do they fund their projects? Do they need to mine 50% if they don't need to distribute to buyers? Some basic questions. LOL This is like a joke, how do you make 36million plus in one day? Put up an ad on Bitcointalk, tell everyone you have the greatest tech and having a first day 2 for 1 IPO sale. It almost sounds like a joke.
|
|
|
|
What am I missing here? All I'm seeing is a bunch of smart guys that have figured out a new technology to sell people on investing in their computer generated monopoly money printing technology. As a trader of coins, I keep hearing every avid tech guy on chats and message boards tout their technology. You know what? Nobody gives a shit outside of the programming tech nerds. We only care if it will make us money in the short term. All these coins have a short life span outside of Bitcoin. You know what is most important to people who will actually use these coins? Anonymity and Liquidity, Liquidity, Liquidity. You can take all the tech of the ten thousand different coins and none of them will be worth anything if you can't buy ten million and cash out ten million in a day. But somehow this coin is worth 36 million in pre-sale along with salaries and 50% pre-mine? Frack that, there are new coins that return 20x investments in a day with decent dev support out every other day, this one will be no different.
And who are all these guys that are interested in this coin and the underlying technology? I'm sure if I read through it thoroughly, I will be impressed with the tech, but c'mon this is just another specially designed coin to make the founders rich with no risk. Will I trade the coin if it does well initially? Yes, but I will dump it as soon as it reaches its peak , just like every other coin not named bitcoin does eventually. Trading this coin is probably smart, but fracking dumping 36 million plus 50% premine into their laps from day one is just dumb. There are plenty of coins with great dev support that don't ask/beg people disguised as an IPO (LMAO) for their money for a new tech coin. I don't care if Obama designed the coin, it's just idiotic to hand over 36 million and 50% pre-mine to a bunch of strangers just because they have a new tech coin. Coins are worth something because they are liquid and can be transferred from one person to another. This, my tech is better than your tech is a war being fought by tech nerds trying to make money off of people while crypto coins are hot. In three years the coin fad may be over and all these altcoins with superior tech will all be gone.
I can accept a few million IPO and a small percentage pre-mine but 36 million and 50% pre-mine? They are just beating everybody with a stupid stick and trying to get rich without any risk. How about a change of pace and they personally invest 36 million of their own money and then take 50% of the pre-mine at least they would have some skin in the game. THey want to get rich before the coin even starts and trying to disguise the greed as an IPO. Trade and invest in the coin, but frackin don't give your goddamn money away just because they say so.
It's free markets at work, it's either you make the most of it or you don't Some win, some loose, maybe Ethereum will tank who knows, but what matters is we're witnessing the birth of incredible ideas and technology that are changing the world and will change the way we look at finance, assets & contracts. And i think it's fucking awesome that we are all here being part of this revolution (and hopefully making some decent money along the way) Have at it then, I'm sure you will be selling your house and cashing out your retirement to give these guys money that they never had just because they say so. With 36 million and 50% stock options we could invest in a venture capital company that is regulated by US laws that could start-up 20 of these coins with full devs and office and equipment and salary and have money left over to buy a condo and a Mercedes for every employee. It's great that we are all part of this revolution that you are talking about, but here in the real world 36 million and 50% is real money. How many total man hours are each of these principal owners putting into the coin? One or two months tops in their spare time? Revolution and changing the world is great, I hear you, but do people have to get swindled and ass-fracked along the way? no one is selling their homes to buy Ethereum, too bad you missed the point. Free markets will decide if this is overvalued or not, if it is then the price will tank on launch if it really turns out worth the $36Mill then investors will be rewarded handsomely. It's up to the individual to due their own due diligence, if you think this won't go anywhere and they are asking for more than it's worth then don't invest simple as that. You are right, we all have a right to trade or buy in a free market, but there are reasons why legitimate companies have to provide a prospectus if an investment banker wants to go IPO. To make people aware of the risks. This is crowdsourcing at its worst. All this talk on this message board about tech is ingenious and drives away the focus on the real point which is profitability and risk/reward and a certain amount due diligence. If you like to blindly go and give your money away to a bunch of strangers on their say so, go ahead. This is not a few dollars here and there. These guys are trying to take a whole lot of money out of the Bitcoin community and I fail to see where they have any additional value than a ton of devs that are working for nothing except return for hard work. These guys want to get PAID before they lift a finger and they want to be Millionaires before proving anything. Free markets are fantastic as long as people are fully aware of the risks!!! For example.. a legitimate company would have to provide complete financials, exactly what work each individual is doing and how much they are getting paid for their work, potential for loss and why, what is their market size. competition, how many coins are out there now? how many more in the future? are there similar companies you can invest in without investing as much capital, etc They would have to explain why they need so much capital, which I find it would be impossible to explain without the word GREED. Most companies that go IPO usually have been in business for a substantial amount of time and have hard earned work as invested equity along with their own capital investment. These guys, if anyone hasn't noticed, have literally no money invested and little time. This is not an IPO, it's an attempt to take as much money out of the bitcoin community before the hype on crypto coins dies. But when a group of devs are asking for 36 million from the average guy to make themselves millionaires before even launching, I think you should stfu and at least let other people question everything before making a decision like this. |
|
|
|
Exactly why they are trying to crowdsource this instead of taking it to an investment banker. Can you imagine what the prospectus would look like? LOL, the financials would be hilarious. So where does the 36 million go? Ummm..oh well new houses cars, bank accounts, trips to LA Vegas. How much are you working to account for this bonanza? Um total hours? So far...like 72 hours but I promise to do more. There is no venture capital company or investment bank in the world that would take this as an investment of even a hundred thousand dollars. So what do you do if you want to get rich quick? Take it to joe public and capitalize on the Bitcoin/crpyto hype and cash in as much as you can before the fad dies out. I'm now officially interested in this coin too. I'm interested in finding out how many joe blows will give these guys 36 million cash and 50% pre-mine for just another tech coin. |
|
|
|
What am I missing here? All I'm seeing is a bunch of smart guys that have figured out a new technology to sell people on investing in their computer generated monopoly money printing technology. As a trader of coins, I keep hearing every avid tech guy on chats and message boards tout their technology. You know what? Nobody gives a shit outside of the programming tech nerds. We only care if it will make us money in the short term. All these coins have a short life span outside of Bitcoin. You know what is most important to people who will actually use these coins? Anonymity and Liquidity, Liquidity, Liquidity. You can take all the tech of the ten thousand different coins and none of them will be worth anything if you can't buy ten million and cash out ten million in a day. But somehow this coin is worth 36 million in pre-sale along with salaries and 50% pre-mine? Frack that, there are new coins that return 20x investments in a day with decent dev support out every other day, this one will be no different.
And who are all these guys that are interested in this coin and the underlying technology? I'm sure if I read through it thoroughly, I will be impressed with the tech, but c'mon this is just another specially designed coin to make the founders rich with no risk. Will I trade the coin if it does well initially? Yes, but I will dump it as soon as it reaches its peak , just like every other coin not named bitcoin does eventually. Trading this coin is probably smart, but fracking dumping 36 million plus 50% premine into their laps from day one is just dumb. There are plenty of coins with great dev support that don't ask/beg people disguised as an IPO (LMAO) for their money for a new tech coin. I don't care if Obama designed the coin, it's just idiotic to hand over 36 million and 50% pre-mine to a bunch of strangers just because they have a new tech coin. Coins are worth something because they are liquid and can be transferred from one person to another. This, my tech is better than your tech is a war being fought by tech nerds trying to make money off of people while crypto coins are hot. In three years the coin fad may be over and all these altcoins with superior tech will all be gone.
I can accept a few million IPO and a small percentage pre-mine but 36 million and 50% pre-mine? They are just beating everybody with a stupid stick and trying to get rich without any risk. How about a change of pace and they personally invest 36 million of their own money and then take 50% of the pre-mine at least they would have some skin in the game. THey want to get rich before the coin even starts and trying to disguise the greed as an IPO. Trade and invest in the coin, but frackin don't give your goddamn money away just because they say so.
It's free markets at work, it's either you make the most of it or you don't Some win, some loose, maybe Ethereum will tank who knows, but what matters is we're witnessing the birth of incredible ideas and technology that are changing the world and will change the way we look at finance, assets & contracts. And i think it's fucking awesome that we are all here being part of this revolution (and hopefully making some decent money along the way) Have at it then, I'm sure you will be selling your house and cashing out your retirement to give these guys money that they never had just because they say so. With 36 million and 50% stock options we could invest in a venture capital company that is regulated by US laws that could start-up 20 of these coins with full devs and office and equipment and salary and have money left over to buy a condo and a Mercedes for every employee. It's great that we are all part of this revolution that you are talking about, but here in the real world 36 million and 50% is real money. How many total man hours are each of these principal owners putting into the coin? One or two months tops in their spare time? Revolution and changing the world is great, I hear you, but do people have to get swindled and ass-fracked along the way? |
|
|
|
|
What am I missing here? All I'm seeing is a bunch of smart guys that have figured out a new technology to sell people on investing in their computer generated monopoly money printing technology. As a trader of coins, I keep hearing every avid tech guy on chats and message boards tout their technology. You know what? Nobody gives a shit outside of the programming tech nerds. We only care if it will make us money in the short term. All these coins have a short life span outside of Bitcoin. You know what is most important to people who will actually use these coins? Anonymity and Liquidity, Liquidity, Liquidity. You can take all the tech of the ten thousand different coins and none of them will be worth anything if you can't buy ten million and cash out ten million in a day. But somehow this coin is worth 36 million in pre-sale along with salaries and 50% pre-mine? Frack that, there are new coins that return 20x investments in a day with decent dev support, this one will be no different from the others.
And who are all these guys that are interested in this coin and the underlying technology? I'm sure if I read through it thoroughly, I will be impressed with the tech, but c'mon this is just another specially designed coin to make the founders rich with no risk. Will I trade the coin if it does well initially? Yes, but I will dump it as soon as it reaches its peak , just like every other coin not named bitcoin does eventually. Trading this coin is probably smart, but fracking dumping 36 million plus 50% premine into their laps from day one is just dumb. There are plenty of coins with great dev support that don't ask/beg people disguised as an IPO (LMAO) for their money for a new tech coin. I don't care if Obama designed the coin, it's just idiotic to hand over 36 million and 50% pre-mine to a bunch of strangers just because they have a new tech coin. Coins are worth something because they are liquid and can be transferred from one person to another. This, my tech is better than your tech is a war being fought by tech nerds trying to make money off of people while crypto coins are hot. In three years the coin fad may be over and all these altcoins with superior tech will all be gone.
I can accept a few million IPO and a small percentage pre-mine but 36 million and 50% pre-mine? They are just beating everybody with a stupid stick and trying to get rich without any risk. How about a change of pace and they personally invest 36 million of their own money and then take 50% of the pre-mine at least they would have some skin in the game. THey want to get rich before the coin even starts and trying to disguise the greed as an IPO. Trade and invest in the coin, but frackin don't give your goddamn money away just because they say so.
|
|
|
|
The site is being operated by who knows? If you all don't want him to turn the goddamn thing off and take all our coins, you need to quit threatening him and badgering him. The site owner has specifically put up a warning sign - letting everyone know to use at your own risk. WTF how much clearer can you get? If you got hacked on your personal computer or the site got hacked, it doesn't matter, you were warned that it in is beta and use at your own risk. These exchanges are not regulated and insured by FDIC or SIPC or any government agency. Police report threat is laughable, personal hacking on an unregulated exchange in another country by an anonymous owner. LOL the police are going to laugh at you. We are ALL gambling by risking our money putting coins on anonymous unregulated exchanges. The surest way to make someone take off with our money is to bother and threaten him to death, not making it worth his time and easier to just steal it. The surest way to make sure the dev fixes all the problems is to work with him in a professional manner and let him see all the profits he can make by keeping a safe and healthy site. If you don't have any reading comprehension and don't understand the word "beta" and "use at your own risk." Stay the frack off the site and don't go complaining and crying in public when things go wrong. You put all our money at risk by doing that.
I understand perfectly and I did not see anyone threatening anything here.. I did say that it would be nice that a twitt or a post here of a temporary page that say it's down for something would be nicer than a page that doesn't answer without any info.. I want this exachange to stay and seeing it down like that make us afraid he's being ddos or anything more horrifying. He did let us know earlier. He is probably a one man show right now and will be that way until he makes more money....plus from what I can tell he is doing a fabulous job. He doesn't need to check in with us everytime he wants to sleep or go out. LMAO The site is in "beta" so he doesn't need to inform us everytime it is down. It should be expected by now. He is making improvements to the site everyday. It's been down multiple times as he has been testing and improving the software. When it is in beta, he is not going to give us a warning and babysit us through every minute. That's why he posted the sign, so he doesn't have to keep updating and answering a hundred of the same questions everyday. I much rather have him spend time fixing and updating the site then answering a hundred emails a day about the same problem he already posted on the front page. This is like the umpteenth time the site has been down and still we get people posting that same shit. Just get your money and coins off the site until it is out of beta because it will probably happen again and all the posting and emails to the dev about the site being down is doing nobody any good. |
|
|
|
It would be cool by the dev team to put a maintenance page when they do that.. or a message in the forum. that would warn..
Yeah, i am a little scared, i have some BTC standing there ....  Hope its maintenance and not something else. He let us know earlier on the Klondike board that he would be away for like 10 hours and recommended not depositing Klondikes onto the site while he was gone. I'm sure the dude has been working round the clock and needed to go on a date and get some sleep or something. LOL He let us know in advance and also advised us not to deposit Klondikes into Coinmarket. Don't worry, the guy is working overtime updating and fixing the site. He is going to make a ton of money when things are fixed so I wouldn't worry about the site being down. |
|
|
|
|
The site is being operated by who knows? If you all don't want him to turn the goddamn thing off and take all our coins, you need to quit threatening him and badgering him. The site owner has specifically put up a warning sign - letting everyone know to use at your own risk. WTF how much clearer can you get? If you got hacked on your personal computer or the site got hacked, it doesn't matter, you were warned that it in is beta and use at your own risk. These exchanges are not regulated and insured by FDIC or SIPC or any government agency. Police report threat is laughable, personal hacking on an unregulated exchange in another country by an anonymous owner. LOL the police are going to laugh at you. We are ALL gambling by risking our money putting coins on anonymous unregulated exchanges. The surest way to make someone take off with our money is to bother and threaten him to death, not making it worth his time and easier to just steal it. The surest way to make sure the dev fixes all the problems is to work with him in a professional manner and let him see all the profits he can make by keeping a safe and healthy site. If you don't have any reading comprehension and don't understand the word "beta" and "use at your own risk." Stay the frack off the site and don't go complaining and crying in public when things go wrong. You put all our money at risk by doing that.
|
|
|
|
i wish i could buy 50,000KDC for 8BTC  Impossible, you could never get that many people to sell to you at the price you are thinking. You could have probably bought maybe 3 btc tops an hour ago at the price you are thinking about. Any amount of buying pressure will move the price upwards because a lot of the panic sellers are getting eaten slowly. But, yea even 1 btc investment if Klondike goes over 100K and then on Cryptsy goes to 1 or 2 million, which is not unreasonable.. That's almost money to buy a car. LOL depending on your level of taste. But 8 btc worth of Klondikes when it gets on Cryptsy can buy you a pretty nice ride. i think you guys are a bit overzealous ( or fuzzy, dunno ).. what price do you expect when it hits cryptsy? nothing will change.. maybe short pump then heavy dump and its less woarth then now on coinmarket where you can easy manipulate the price to the range you want.. Every coin that I have been involved with that eventually had huge success had one or two guys like you hanging around making negative comments. Don't know what the reason for it is, most likely it is jealousy that they didn't buy in at the absolute low, which usually means that it is the surest sign the coin will go up. When Kitteh was trading at two-three there were a bunch of guys like you trying to get everyone to dump their MEOW's at 1 and telling everybody that it was dead and you know what? That's when I bought and now that you are here I know I'm doing something right. You know what? For anyone to think a coin cannot go up 100x hasn't been investing correctly and hasn't been looking around. Have you seen some of the other coins explode? It's when the coin is on the ground floor that you start buying.... and when the negative nancy's start popping up, that is the surest sign to buy. All a coin needs to explode is good dev support and good buy and hold support from the major investors and this coin has both. When a coin has those ingredients, it becomes a self-fulfilling prophecy and the coin can rise 100x. It's the coins where the devs are incompetent or have no clue that die. This owner did not pre-mine and his investment is in his time and money, so he has a lot riding on this to make it a success. We need it on Crypsy to bring it to a larger audience and have more btc flow into Klondikes. Anyone who thinks getting this coin on a major exchange will not do some magic for the coin is just talking sour grapes. |
|
|
|
i wish i could buy 50,000KDC for 8BTC Impossible, you could never get that many people to sell to you at the price you are thinking. You could have probably bought maybe 3 btc tops an hour ago at the price you are thinking about. Any amount of buying pressure will move the price upwards because a lot of the panic sellers are getting eaten slowly. But, yea even 1 btc investment if Klondike goes over 100K and then on Cryptsy goes to 1 or 2 million, which is not unreasonable.. That's almost money to buy a car. LOL depending on your level of taste. But 8 btc worth of Klondikes when it gets on Cryptsy can buy you a pretty nice ride. |
|
|
|
And yeah, I'm trying to contact the dev's but no one is replying.
He wrote on the message board here earlier saying that he would be gone for 10 hours and that Klondike deposits was not recommended during that time. Be patient and find out what exactly happened. If you let yourself get compromised, then surely there is nothing the owner of the site could have done to prevent this. He even initiated email confirmation for withdrawals a few days ago, so that added another layer of protection for everyone. If he was out to take advantage of investors on here, there would be no need for the constant improvements to the site. He looks like he is in it for the long haul. |
|
|
|
DON'T USE COINMARKET!
I got hacked again!!!
Inception said I didn't have to change password since he IP-banned the hacker.
Now someone bought EAC for 1.5BTC and sold them for 1 tenth and bought them theirselves. I've got 0.1 BTC left.
5.2k KDC to hell. I'm gonna sue them tomorrow if I wont get my BTC back.
Sounds like someone has access to your computer or your accounts. So far I haven't been hacked on this exchage. *knock knock* Well, he was IP-banned according to Inception (admin) and I didn't have to change password. FUCKING HELL, there's all my money. ALL MY FUCKING MONEY. I can just go hang myself now I guess... And any capable nefarious individual only EVER gets one ip address in his life?! Christ, how hard is it to use another shell for "hacking". What would be the gain from such actions? And PLEASE tell me that you dont use same password on your email account too? I don't know but I trusted the admin and it's his responsibility since he gave me his word. Ofc not, this is the only place I use this password, that's the fucked up thing. Not to be a total ass, but it clearly states at the top Coinmarket page "This is a untested beta version of the exchange - use it at your own risk." When it shut down a few days ago, I thought I lost 3 btc in there and like, oh well. Everyone that has any money on any exchange can lose all their holdings while they sleep at any time. We are ALL gambling on these exchanges, none of this money is FDIC or SIPC insured LMAO. Why, because risk vs reward. Why don't you try attempting to work things out with the site owner before posting on here and trying to instill panic? It does nobody any good. It sounds like yours is an isolated problem and the site owner seems like he is doing everything he can to improve the site. |
|
|
|
DON'T USE COINMARKET!
I got hacked again!!!
Inception said I didn't have to change password since he IP-banned the hacker.
Now someone bought EAC for 1.5BTC and sold them for 1 tenth and bought them theirselves. I've got 0.1 BTC left.
5.2k KDC to hell. I'm gonna sue them tomorrow if I wont get my BTC back.
Sounds like someone has access to your computer or your accounts. So far I haven't been hacked on this exchage. *knock knock* Well, he was IP-banned according to Inception (admin) and I didn't have to change password. FUCKING HELL, there's all my money. ALL MY FUCKING MONEY. I can just go hang myself now I guess... > implying someone who hacked your account doesn't proxy ... lol Well, admin wouldn't let me change password so yeah... That totally sucks for you. Obviously, someone hacked your computer and not Coinmarket. Y don't you post up your Klondike address and maybe people will send you a few here and there. You seem real. On a different note, so thats who been dumping the Klondikes, lol sorry couldn't resist. |
|
|
|
|
Show Posts
