This month's price for minexcoin is the worst since minexcoin entered an exchanger, in the past few months the majority of the altcoin prices fell but the price of minexcoin remained strong, and now the situation is reversed
Actually,there is nothing strange about it. There are few reasons for that: - project didnt accomplishe almost nothing for months, - 70% parking rate generates high inflation in the system,pushing coin relentlessly toward lower and lower price - Minex did significant selling of coin too which pushed value of coin deeper down. - Minex has only InstaBuy as OTC buying option,but not InstaSell as a tool to reduce price volatility. |
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why is minexcoin only in a small exchange whether minexcoin is not serious about the project, a big exchange is very important for a coin that has been in the bear market for one year
well, I'm not really a fan of this project yet, but I think I'll defend it. the project is not so cool to be noticed, and the listing needs tens of millions of dollars, at this stage it is not possible. Not really. I know that Binance asked $100.000 for listing Dogecoin. Fact is that Minex is small project,didnt attract enough investors. It is useless to put small coin on big exchanges. |
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Lmao, there is a lot less activity here since you posted those videos of card in use... Im waiting for someone to find flaws in that presentation, if not, im gonna jump back on train.
Nothing strange.Such massive activity was created by Minex who were posted unreal announcements one after another, misleading people who were then getting angry more and more, because real situation was far different from the one Minex was talking about. After Minex admitted they have no contract about cards and that test cards are test only and not ones for customers ,situation improved. Minex finally realized how truthful is Abraham Lincoln quote "You can fool all the people some of the time and some of the people all the time, but you cannot fool all the people all the time" Honesty is best policy. |
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This is great! When my minexpay card arrive i'm gonna use it to pay my next tattoos.  It is just test card which they use to test its software. For real card(for the customers) they first have to find card provider who is willing to make a contract with them about card sub-issuing. |
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By Republia whitepaper coins will be divided on:
- 39.000.000 coins were designated for sale
- 3.000.000 for bounties.
- 80.000.000 for Republia bank
- 21.000.000 go to the team and advisors
After ICO phase there will be 42.000.000 coins in circulation ( ICO sale+bounties).Price is settled at 1 coin = $1
By whitepaper,Republia bank will provide 70% yearly parking interest for 2 years.
Mining will bring about 10.400.000 coins per year, from which 50% goes to bank and 50% to the miners.So,after a year mining will bring 5.200.000 coins into circulation and same amount to the bank.
If we suppose that Republia team and advisors wont sell theirs coins during 2 years,we can make a caluclation:
- After first year - 42.000.000 after ICO + 70% parking rate will bring + 5.200.000 from mining = 76.600.000 coins will be in circulation after first year
- After second year - 76.600.000 coins from first year + 70% parking rate + 5.200.000 from mining = 135.42 millions coins in circulation after second year
After 2 years there will be 135.42 - 42 = 93.42 millions coins more in circulation or 3.22x more coins than it was on the beginning
It means that Republia will have to find huge income source in value of 93.42 millions of dollars to held exchange rate at 1-1 level.This is major problem.
Difficulties of maintaining coin in tight price range
---------------------------------------------------------------
Problem is that Republia only source of income during multi-year R&D phase will be money collected from ICO + money obtained from selling of premined coins.Money from ICO is designated for paying expenses for R&D and selling premined coins will just make whole financial situation much worse.
Fact is that Republia has no mechanism to keep value of investors money during multi-year R&D phase.It is weak spot of almost all ICOs,not just Republia,but Republia has one more major flaw - 70% huge parking rate which makes devaluation of investors money much faster.It would need quite big outer source of income,multiple times bigger than what will be ICO sale to prevent it. Despite currency intervention was mentioned in whitepaper,in Republia finance model such huge expense didnt even forecast or any other income source big enough to cover expenses of money interventions.So much about keeping exchange rate in tight mode.Inevitably,without money to cover expenses of currency interventions and reliable financial mechanism to achieve such goal,declining price of coins after initial hype will take faster and faster pace.
Principle of lowering Volatility by giving huge parking rate proved as utterly failure in Minex,Republia twin ICO and there is no reason to believe that it will be better in Republia.It is only generates hyperinflation and insisting stubbornly on it is at least awkward.It is exactly like if some central bank would control inflation by printing more and more money.
Price projection
-----------------------
In best case of price projection scenario ,during 2 years, value of RPB coin will drop for percentage of money supply growth, which is 3.22x or to 1-3.22= $0.31 dollar.
In reality,investors confronted with hyperinflation generated from 70% parking rate will lose trust and patience in coin much sooner,some time after initial hype and further shortly after first year of parking contracts expire. That will cause wave after wave of selling and put price in much steeper decline.Minex could be good example of it ,because it shares same financial model as Republia.
In such case when there is a massive inflation in system, price decline has to be count as a square of growth of money supply.So most likely scenario about price projection will be:
- First year,money supply will be 76.6/42 = 1.82x bigger than on the beginning. Price decline will be at least square of that - 3.32x .Price projection after first year is 1/3.32=$0.3 per RPB coin
- Second year,money supply will be 135.42/42 = 3.22x bigger than on the beginning. Price decline will be at least square of that - 10.4x .Price projection after second year is 1/10.4 = $0.096 per RPB coin
In the case of massive selling of premined coins,price of RPB coin will go further lower,but because volume of its selling cant be predicted easily, its precise influence on price cant be calculate.
Conclusion - what can be done
----------------------------------------
Conclusion is that if Republia does not find huge income source of cash or other enough liquid crypto currency to supress money supply and inflation generated by parking and mining,investors would face a quite significant lose of theirs investment value which pace will rise in time as it has been seen in Minex who shares same financial system with Republia.
Present Republia financial model is attractive mostly to speculators who always seek quick profit and is not interesting for project.It could bring strong capital inflow during initial hype and even stronger outflow after it which will leave market in chaos.
If Republia wants to attract longterm investors and provide longterm stability it has to radically change financial model:
- abandon providing "low volatility" through very high parking interest rate of 70% per year.Stability cant be achieved through money printing.
- abandon POW to POS system with max. interest of 10% per year or change parking rate to 10% per year.It will bring longterm investors who are interesting for project unilike speculators and significantly reduce inflation pressure.
- eliminate short-term parking options and leave only mid-term and longterm 3, 6 and 12 months option, or just longterm of 6 and 12 months
- find sources of income which can be used for currency interventions and maintaing financial stability. Money collected during ICO cant be used in a scale what is needed or it will hurt R&D developpment.
- such independent money source can be investing not needed money in more lucrative state or municipal bonds and/or through lending money on exchanges which provide such option or to others with all necessary guarantees for the case of non-ability of paying loans.Of course ,it can be sustainable only and just only if parking rate would be much,much lower than today , 10% per year or lower.
- making OTC tool like InstaSell which can be used as effective tool in fixing exchange rate
What will be,depends only from people who lead Republia.
Heaven or hell it will be what they decide,but one thing is clear - present financial model is longterm unsustainable and will devastate investors if remains unchanged.
I am impressed with such a detailed answer and long calculations with conclusions. I will say frankly that I am pleased when a person writes not for the purpose of harming, but to clarify something. On the other hand, I don’t want to upset you, but there are some gross inaccuracies (mistakes) that ruin these calculations. Namely: 1. Interest rate is changeable from the very beginning and it is not guaranteed that it will be 70%. It is rather only as a bonus to the first coin holders. In turn, the interest rate for shorter periods of time will be less. Few people will use a year - that's for sure. 2. You did not take into account the same way that all users will never keep coins in a bank. It will not be only because of one reason that there is a profit in the form of rewards for masternods or nodes. A huge amount of blocked coins will be there .. 3. After 2 years of operation of Republia Bank Classic, Republia Bank Next will work, which will have a much more complex structure for managing price fluctuations of the coin: Taking into account high demand for payments after two years of operation of the system, Republia Bank Nex will be brought into operation. This project is a
financial institution that will act as an investment bank in the real economic sector.
Republia Bank Next will undertake a task of accepting payments and will act within the framework of European legislation in accordance with regulations of
international banking standards.
Users of the ecosystem are offered two types of banking:
1. Decentralized (when using a decentralized version, interest after two-year
period will be lower than in the regulated Republia Bank Next).
2. Regulated in the real sector ( percentage deductions from “parking” of the
second type will remain almost at the same high level, as in Republia Bank
Classic ).
In the addition to above, Republia Bank Next will provide quarterly reports, which will describe all investment activities.4. I do not want to discuss the mnx project here, but I assure you that the rpb team did an analysis of their errors. Well, I upgraded the financial model itself to make it as similar as possible to the present. Well, we are still working with the introduction of ideas and innovations in the areas of the state, which is one of the main areas .. 5. Well, and the last. Look at those projects that immediately (or at the ICO stage) almost completely (!) Release coins into the circulation. Same EOS. He is not worried about what remains to get 1 \ 10 of the coins. And as you can see, he did not fall, although he does not have a bank. Unlike him, the RPB will not have such a filling of the market, but only at the first stage is soft .. And then maybe 5% per annum. This figure is an assumption, adequate and logical. I will not argue. Separately, I will say all the same, that there is no ready road, so that it will be glatky and even. Nevertheless, it is possible to look at other projects on the roads and create something better. Of course, I cannot answer all the questions, since I am not a developer, but the information that I received will always answer. 1. Interest rate is changeable from the very beginning and it is not guaranteed that it will be 70%. It is rather only as a bonus to the first coin holders. In turn, the interest rate for shorter periods of time will be less. Few people will use a year - that's for sure. I made a financial model analysis according to present data from all available sources - that for the first 2 years parking rate will be 70% .If something change I will adapt analysis2. You did not take into account the same way that all users will never keep coins in a bank. It will not be only because of one reason that there is a profit in the form of rewards for masternods or nodes. A huge amount of blocked coins will be there .. True. Reason is that when making analysis od system sustainability you have to always choose worst case scenario and add additional 20% as a safety precaution.That will help to make project safety net strong enough to held all possible problems except natural disaster or so called force majeure.I accounted mining influence as described in whitepaper - 50% from each block goes to miners, 50% to bank. 3. After 2 years of operation of Republia Bank Classic, Republia Bank Next will work, which will have a much more complex structure for managing price fluctuations of the coin: Didnt want to go so much in future.If company survive first 2 years ,usually it can last much longer.5. EOS is not good comparison. EOS founders got 10% of coins,but it will be released during period of 10 years - that is 1% of total supply by year which is not enough. If RPB would slowly sell its premined coins,it wont be a problem.Problem is in big parking interest rate - it floods market too fast and raising inflation too much. It has to put parking rate much lower - 10% by year or less, to leave only longterm parking contracts (6 and 12 months) to cut off short term speculators and to find a way to smart invest of money which ICO is not immediately needed and use profit from them for currency interventions. To add - joined (parking rate + premined coins) selling has to be limited to max. 10% of present coin supply in the period of 1 year I hope so that the people who lead Republia learned something from Minex case, especially about financial model failures and how not to work with community.Honesty is best policy always. |
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By Republia whitepaper coins will be divided on:
- 39.000.000 coins were designated for sale
- 3.000.000 for bounties.
- 80.000.000 for Republia bank
- 21.000.000 go to the team and advisors
After ICO phase there will be 42.000.000 coins in circulation ( ICO sale+bounties).Price is settled at 1 coin = $1
By whitepaper,Republia bank will provide 70% yearly parking interest for 2 years.
Mining will bring about 10.400.000 coins per year, from which 50% goes to bank and 50% to the miners.So,after a year mining will bring 5.200.000 coins into circulation and same amount to the bank.
If we suppose that Republia team and advisors wont sell theirs coins during 2 years,we can make a caluclation:
- After first year - 42.000.000 after ICO + 70% parking rate will bring + 5.200.000 from mining = 76.600.000 coins will be in circulation after first year
- After second year - 76.600.000 coins from first year + 70% parking rate + 5.200.000 from mining = 135.42 millions coins in circulation after second year
After 2 years there will be 135.42 - 42 = 93.42 millions coins more in circulation or 3.22x more coins than it was on the beginning
It means that Republia will have to find huge income source in value of 93.42 millions of dollars to held exchange rate at 1-1 level.This is major problem.
Difficulties of maintaining coin in tight price range
---------------------------------------------------------------
Problem is that Republia only source of income during multi-year R&D phase will be money collected from ICO + money obtained from selling of premined coins.Money from ICO is designated for paying expenses for R&D and selling premined coins will just make whole financial situation much worse.
Fact is that Republia has no mechanism to keep value of investors money during multi-year R&D phase.It is weak spot of almost all ICOs,not just Republia,but Republia has one more major flaw - 70% huge parking rate which makes devaluation of investors money much faster.It would need quite big outer source of income,multiple times bigger than what will be ICO sale to prevent it. Despite currency intervention was mentioned in whitepaper,in Republia finance model such huge expense didnt even forecast or any other income source big enough to cover expenses of money interventions.So much about keeping exchange rate in tight mode.Inevitably,without money to cover expenses of currency interventions and reliable financial mechanism to achieve such goal,declining price of coins after initial hype will take faster and faster pace.
Principle of lowering Volatility by giving huge parking rate proved as utterly failure in Minex,Republia twin ICO and there is no reason to believe that it will be better in Republia.It is only generates hyperinflation and insisting stubbornly on it is at least awkward.It is exactly like if some central bank would control inflation by printing more and more money.
Price projection
-----------------------
In best case of price projection scenario ,during 2 years, value of RPB coin will drop for percentage of money supply growth, which is 3.22x or to 1-3.22= $0.31 dollar.
In reality,investors confronted with hyperinflation generated from 70% parking rate will lose trust and patience in coin much sooner,some time after initial hype and further shortly after first year of parking contracts expire. That will cause wave after wave of selling and put price in much steeper decline.Minex could be good example of it ,because it shares same financial model as Republia.
In such case when there is a massive inflation in system, price decline has to be count as a square of growth of money supply.So most likely scenario about price projection will be:
- First year,money supply will be 76.6/42 = 1.82x bigger than on the beginning. Price decline will be at least square of that - 3.32x .Price projection after first year is 1/3.32=$0.3 per RPB coin
- Second year,money supply will be 135.42/42 = 3.22x bigger than on the beginning. Price decline will be at least square of that - 10.4x .Price projection after second year is 1/10.4 = $0.096 per RPB coin
In the case of massive selling of premined coins,price of RPB coin will go further lower,but because volume of its selling cant be predicted easily, its precise influence on price cant be calculate.
Conclusion - what can be done
----------------------------------------
Conclusion is that if Republia does not find huge income source of cash or other enough liquid crypto currency to supress money supply and inflation generated by parking and mining,investors would face a quite significant lose of theirs investment value which pace will rise in time as it has been seen in Minex who shares same financial system with Republia.
Present Republia financial model is attractive mostly to speculators who always seek quick profit and is not interesting for project.It could bring strong capital inflow during initial hype and even stronger outflow after it which will leave market in chaos.
If Republia wants to attract longterm investors and provide longterm stability it has to radically change financial model:
- abandon providing "low volatility" through very high parking interest rate of 70% per year.Stability cant be achieved through money printing.
- abandon POW to POS system with max. interest of 10% per year or change parking rate to 10% per year.It will bring longterm investors who are interesting for project unilike speculators and significantly reduce inflation pressure.
- eliminate short-term parking options and leave only mid-term and longterm 3, 6 and 12 months option, or just longterm of 6 and 12 months
- find sources of income which can be used for currency interventions and maintaining financial stability. Money collected during ICO cant be used in a scale what is needed or it will hurt R&D developpment.
- such independent money source can be investing not needed money in more lucrative state or municipal bonds and/or through lending money on exchanges which provide such option or to others with all necessary guarantees for the case of non-ability of paying loans.Of course ,it can be sustainable only and just only if parking rate would be much,much lower than today , 10% per year or lower.
- making OTC tool like InstaSell which can be used as effective tool in fixing exchange rate
What will be,depends only from people who lead Republia.
Heaven or hell it will be what they decide,but one thing is clear - present financial model is longterm unsustainable and will devastate investors if remains unchanged.
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They have cards in testing now and anyone who want and can get one test card in MNX office in Kiev. And some people already done that and using their cards now.
Since you are one of the card tester right? When can expect another video of card use? Is it not possible to test card out of Kiev? One video is available in Telegram and couple videos more coming soon. Find me there, I have same nickname there. I'll send you it there. What is point of making videos with cards which are not the ones which users will( maybe) get in the future?? It is pointless. Wait to finish all necessary issuing and regulatory things and when the first batch of valid,usable cards arrive then make video. Otherwise, it will be just one more misleading distraction which costed Minex losing theirs reputation. No it is not. This card has nothing with future card. Minex clearly stated it in the article that they have no even issuing contract which is first step in getting valid payment card. Test card only as Temhuk confirmed. |
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They have cards in testing now and anyone who want and can get one test card in MNX office in Kiev. And some people already done that and using their cards now.
Since you are one of the card tester right? When can expect another video of card use? Is it not possible to test card out of Kiev? One video is available in Telegram and couple videos more coming soon. Find me there, I have same nickname there. I'll send you it there. What is point of making videos with cards which are not the ones which users will( maybe) get in the future?? It is pointless. Wait to finish all necessary issuing and regulatory things and when the first batch of valid,usable cards arrive then make video. Otherwise, it will be just one more misleading distraction which costed Minex losing theirs reputation. |
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Fastest blockchain,but only in dreams. Again,misleading of investors and selling of non-existed products. Republia SC platform is just 34% finished.How can you test and called fastest in the world something which is so far from finishing,only 34%?? Making block every second is not something revolutionary. Platform needs first to be finished,then experimental tests , then fixing bugs, testing again and at the very end putting platform on testing by independent testing team.  Today,the fastest blockchain which working is in progress is Teranode project by Coingeek, with 1TB block and the speed od 7 million transactions per second. So. This conversation has already been passed long ago. If you think that there is a faster coin with your own blockchain and with the ability to create smart contracts, then I am ready to hear her name. There are already projects that have the speed of transactions from 50,000 to millions ....
"The #Republia #blockchain introduces the technology of sidechain, making it ultra flexible and the fastest blockchain in the world!"
you keep minxcoin practice and falsely advertise some things related to your project...
This is false advertising that is punishable by law in all countries...
or it just does not matter when the Shulyayev family make a business
What is a lie? There is no such blockchain of a coin, in which, in practice, the current time of transaction speed does not exceed 100,000 transactions per second (EcoVerse, which is still being developed), while the more real competitor to EOS showed a maximum of 70,000 transactions. The maximum number of VISA transactions is approximately 24,000 per second. In RPB, the number of transactions is not limited to theory, unlike the examples given. Therefore, you are now telling a lie. The #MetaHash project offers innovative solutions: #TraceChain technology supports 5 billion transactions per day, confirmed by cores in less than 3 seconds ⏱ . That speed is provided by the machine learning algorithm, which determines the role of nodes and the order of signals distribution over the network 📡 . Even one node is capable to process more than 100,000 transactions per second, while the other systems can handle a maximum of 2 million transactions per day. 😀 60,000 TPS showed on testnet .... what do you have ....you still dont have a tesnet and you speculating about "Theoretically unlimited amount of 9.999.999.999" I checked with the developers. It was achieved in the "laboratory test network" the speed of 570 000 TPS. In a fully working network, it will be much higher. First, it is not yet finished. Only parts.Only when it will be fully completed we will see its real potential or lack of it. Testnet results are always more close to real situation than laboratory,but everything is just in cloud until project is completed. Then we will see what is capable for. Coingeek Teranode project is more powerful than anything today. With 1TB block size and 6.700.000 transactions per second it is far superior than any project today.Along with token transfers, the TB blocks will also help process smart contracts, enterprise application, and machine-to-machine data transactions of many types. The enterprise level full node implementation of the Teranode project employs a modular microservices architecture approach. Its creates four separate layers; business (RPC) Layer, Network (P2P) Layer, Process Layer and Storage Layer. Significant difference between Teranode and Republia projects is that serving such powerful network requires extremely powerful hardware.Teranode works parallely on sofware and hardware solutions,but I didnt see that Republia even mention developping hardware solutions powerful enough to acheieve necessary transaction speed. Well, you probably do not hear me. Do you even know that in the first place Teranode is just a prototype? Until the moment of introduction and launch, it may still take months until the fork is made BCH-SV. which in turn is just recently launched has already experienced tremendous bandwidth. )) When the network was loaded spontaneous fork occurred. This suggests unreliability of the circuit and poor scalability. Secondly, BCH-SV is fork BCH, which is fork BTC. And where is the new coin with its blockchain? Thirdly. Real at the moment (according to the blockchain's capabilities) the “competitor” RPB may be EOS and perhaps not in all respects Tezos, Neo, Nem .. This is indeed a good comparison. I think you should not list all the features of the platform. Yes, I agree with you that the test network will be a more realistic test for the blockchain. Just it will be launched in the near future, presumably in the next month or two. This is for the information that the developers gave me. But the structure of the network RPB is designed so that there are no restrictions on throughput - it depends only on the number of nodes of the network. It can also generate 100 million transactions = time of 1 block 1 second, which cannot be offered by other coins without crazy terabyte blocks .. Well, I want to add that from these millions of transactions there will not be many applications in reality. It will simply remove one of the main problems of current coins in the future. P.S. This was stated a year ago and it remained in theory ..  http://blog.vermorel.com/journal/2017/12/17/terabyte-blocks-for-bitcoin-cash.html Teranode is in prototype phase exactly like Republia blockchain project. Only parts what Republia finished are wallet and bank, which is copy of Minex.  Nothing else and it is easy verifiable for anyone who goes to Republia site. To get real test results Republia needs to finish all components and only when full integration is finished you can talk about capability of system.It will take years to do in best case scenario. Now it can be compared with testing airplane model in wind tunnel , when all other parts of plane,engine,airframe,avionics,landing gear..., are still only on the drawing board.Or like concept car.So ,there is a lot of work to do,but team is selling it like it is finished already and that is a problem.  Of course,every result should be verifiable by independent teams whose are not related to Republia in any way. Teranode is different project from BCH-SV.Yes some parts can be compared,but Teranode incorporates much more that BCH-SV or Bitcoin itself,including smart contracts. This is not matter of new coin,but new technology. |
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Fastest blockchain,but only in dreams. Again,misleading of investors and selling of non-existed products. Republia SC platform is just 34% finished.How can you test and called fastest in the world something which is so far from finishing,only 34%?? Making block every second is not something revolutionary. Platform needs first to be finished,then experimental tests , then fixing bugs, testing again and at the very end putting platform on testing by independent testing team. Today,the fastest blockchain which working is in progress is Teranode project by Coingeek, with 1TB block and the speed od 7 million transactions per second. So. This conversation has already been passed long ago. If you think that there is a faster coin with your own blockchain and with the ability to create smart contracts, then I am ready to hear her name. There are already projects that have the speed of transactions from 50,000 to millions ....
"The #Republia #blockchain introduces the technology of sidechain, making it ultra flexible and the fastest blockchain in the world!"
you keep minxcoin practice and falsely advertise some things related to your project...
This is false advertising that is punishable by law in all countries...
or it just does not matter when the Shulyayev family make a business
What is a lie? There is no such blockchain of a coin, in which, in practice, the current time of transaction speed does not exceed 100,000 transactions per second (EcoVerse, which is still being developed), while the more real competitor to EOS showed a maximum of 70,000 transactions. The maximum number of VISA transactions is approximately 24,000 per second. In RPB, the number of transactions is not limited to theory, unlike the examples given. Therefore, you are now telling a lie. The #MetaHash project offers innovative solutions: #TraceChain technology supports 5 billion transactions per day, confirmed by cores in less than 3 seconds ⏱ . That speed is provided by the machine learning algorithm, which determines the role of nodes and the order of signals distribution over the network 📡 . Even one node is capable to process more than 100,000 transactions per second, while the other systems can handle a maximum of 2 million transactions per day. 😀 60,000 TPS showed on testnet .... what do you have ....you still dont have a tesnet and you speculating about "Theoretically unlimited amount of 9.999.999.999" I checked with the developers. It was achieved in the "laboratory test network" the speed of 570 000 TPS. In a fully working network, it will be much higher. First, it is not yet finished. Only parts.Only when it will be fully completed we will see its real potential or lack of it. Testnet results are always more close to real situation than laboratory,but everything is just in cloud until project is completed. Then we will see what is capable for. Coingeek Teranode project is more powerful than anything today. With 1TB block size and 6.700.000 transactions per second it is far superior than any project today.Along with token transfers, the TB blocks will also help process smart contracts, enterprise application, and machine-to-machine data transactions of many types. The enterprise level full node implementation of the Teranode project employs a modular microservices architecture approach. Its creates four separate layers; business (RPC) Layer, Network (P2P) Layer, Process Layer and Storage Layer. Significant difference between Teranode and Republia projects is that serving such powerful network requires extremely powerful hardware.Teranode works parallely on sofware and hardware solutions,but I didnt see that Republia even mention developping hardware solutions powerful enough to acheieve necessary transaction speed. |
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Fastest blockchain,but only in dreams. Again,misleading of investors and selling of non-existed products. Republia SC platform is just 34% finished.How can you test and called fastest in the world something which is so far from finishing,only 34%?? Making block every second is not something revolutionary. Platform needs first to be finished,then experimental tests , then fixing bugs, testing again and at the very end putting platform on testing by independent testing team. Today,the fastest blockchain which working is in progress is Teranode project by Coingeek, with 1TB block and the speed od 7 million transactions per second. |
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 I find that so funny "urBTCgone" It is truth,but not funny to investors who lost so much money. |
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I think within 14 days Republia/Minex offices will be raised by police and Borys will be arrested (hopefully temhuk will be arrested too)
It is ungrateful to talk about time,but it is possible. As I said,they took money from investors,spent them and not achieve anything. That is fraud by any law and in any country. Logical question is if they didnt realize nothing,where is money? That is question for police too, of course. |
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Yes,Republia in essence is Minex 2.0 version.
Obviously they have no valid arguments to deny more than evident nature of Minex and Republia and now is relying on spam tactic only. Can you recall even one occasion when they answered any of your questions openly and honestly? They post lies upon lies and make distractions by blaming others instead of themselves. Did they ever make any valid argument or make a valid case for anything they said? In my opinion "no" not even once. They are shameless scammers trying to dupe as many people as possible in order steal from them under the guise of the their "business" At first,I thought that Minex/Republia problems are result of incompetence and inexperience. But,after some time when I obtained all relevant data I saw that is not a case. Theirs system is perfectly designed for attracting gullable,but greedy people who does not know much about economic sustainability. Fancy whitepaper,beautiful promises of future,but if you dig deeper you will find nothing which can support it. Try to promise someone 70% per year interest rate and you will get in prison for running a Ponzi like scheme. I really tried to point them on massive weaknesses in financial construction,but all I get was avalanche of insults an misleadings in style Yes,but no or No, but yes. I realized that they are not interested to change or improve anything. They are stubbornly keeping flawed financial construction and attack anyone who point to it. They took a lot of money from Minex investors,but didnt deliver nothing they promised.Minex sunk like Titanic,nothing is delivered and money was spent on what?? Now ,same people make another ICO,Republia with identical flawed financial construction and get mad if anyone even think that it is not genius project. I got feelling they want that investors give them money without asking any questions and then shut up for all times.Such behavior is hallmark of impending scam.I really would like that Iam wrong, but from all data I have and a way how they behave, Minex failure will be pale shaddow of what will happen with Republia if they collect all the money they want. Who are you to point out the shortcomings of the project? You may be a well-known crypto-financier, imagine a foundation, maybe you consider yourself to be God? Not? Then stick your flaws in one place. Your deliberate deception spread about the Republia project along with your friend JollyGood you can also shove yourself in one place .. Republia has no relation to Minexcoin You are so stupid as JollyGood, that you can not understand that except for you, 2 trolls, all this is seen. Once again you proroll my proclamation that I am participating in the bounty. Well, I did not even doubt. The typical action of a troll is to change the meaning of what is written and write, which I did not mean. For stupid people like you, I repeat that I am a member of an ordinary bounty party like the other million users of this forum. And I am an investor. Are you still stupid? I can repeat it again ... Although I will not - it is useless to prove to a troll who, free of charge, trolls for free the whole day. Who has not invested in the project, does not participate in the bounty, is not part of the team, BUT ROUND DAYS OF TROLLITE. This is you thunderjet. Yes, I quickly believe that the ripple coin is a scam than what you do it for free here. Like this. Or can you prove what's wrong? I have huge experience in running businesses and more than enough knowledge to talk about financial shortcomings of project.Iam very qualified to talk about it. I dont decept no one. Why should I do that? Iam only pointing to severe problems which will cause major damage to investors.Instead of any meaningful answer to mine questions Iam constantly getting avalanche of insults.Wave after wave.But you and your buddies received money from Republia to spread false propaganda and attack anyone who does not think that Republia is a wonderful project.You admitted that you are paid troll.It is more than clear who has interest to spread fake news. I will put your statement where you admitted you are troll every time you accuse someone else that is troll. Dont blame me because you took such a lousy job. You said that you are also Republia investor(probably just speculator) not just a paid troll. OK,now I know you have 2 major reasons to spread Republia propaganda beyond any proportion.Thank you on your admittance! Please,improve your English. Iam really trying to understand some parts of your statement.Thank you Yurii P. from Kharkov !!! Your words that you are competent are just words, without evidence. Is there evidence? Not? Then do not say this and do not become a financial specialist. Your indicated "serious problems" are your opinion, so how are you not worthy to talk about it. I myself will also say the opposite - these are just words. If you do not know the future plans and all the technical aspects of working on the blockchain and changes in interest rates - you do not have the right to say that this is a mistake. No expert can claim without complete data. Or are you part of the team? not? Then do not talk nonsense. I did not confess, but wrote that I did not deny that I participated in the bounty and for participation in the bounty, I carry a signature, I give answers ... and I will be paid a reward with coins (at the end of the bounty) like any other participant. Or not paid - I'm not too worried about it. I invested a lot more. What is there to understand? It is a fact. Are you stupid? I repeat: I speak a fact and confirm this - my participation in the bounty. How else can I write ?? Is this a crime? I affirm that I am not paid for my thoughts — these are my thoughts and only my opinion. And I also protect my investments in the project. And any groundless, without evidentiary statement that Republia is a scam I will give a fight. Even if tomorrow I cease to stay in the bounty - I will do everything vseravno, so that the trolls do not dare to blacken the project and my invested money and time. I, unlike you, publish only the news here in the topic and answer normal users if they ask answers. And like you and your team led by JollyGood is not worthy of normal communication. That's why I'm not a troll, unlike you. You try so hard to make a prepared message at the time of day, I see that you are trying. You say you do it for free? Yes? Do you work around the clock on the forum? Is free? Did you stumble upon a mnx project and then rpb and start trolling? Yes, I would not believe it !! ps You decided to show that you know a lot? I did not hide that from Kharkov. I can even give my address if you are interested .. I, unlike you, are not a crook, not a troll, and have never violated the law. My English is bad, but I'm sure your Russian is even worse .. Again,you proved who you are. Paid troll of Republia.Nothing to say ,just avalanche of insults. Iam financial specialist and you are a troll. That is a fact. You are just insulting people,not giving any answer - classic definition of troll.You are calling me a crook to pointing on system problems which costs investors lot of money while at the same time you and your buddies filling pockets from attracting gullable and greedy people to yours net.Such behaviour is proving that you are not just simple trolls ,but well organized scam circle,which shamlessly scam people without any remorse.You think that luring people into scam project is not violating law?? My God you are unbelievable piece of work ! Today we saw how I was completely right about everything in Minex. Minex had no other way than to admit.All I was saying about banking processes, payment card issue procedure,how it work, what is possible and what is not proved right. At the same time all you and your buddies screaming proved totally wrong. This is mine satisfaction and your doom. All what Iam saying about Republia will prove truth too.Mine goal was never to make senseless attacks on Republia ,but to point on system failures incorporated in to the heart of project. I will say again - giving 70% yearly interest rate is Ponzi scheme. Bernie Madoff, reknown fraudster, was giving people 10.5% interest per year. He was running Ponzi scheme for years and cheated client for $ 65 billions.He got 150 years sentence. Republia and Minex giving people 70% year interest - it is 7x bigger than Madoff gave to his clients !!! It is known fact in financial business that the bigger interest rate,the shorter time Ponzi can last. We saw how Minex lost 60x its value for a year. Republia has same financial system as Minex and expecting it to finish differently than Minex is stupid. I have no any doubt, that Republia investors would face multiple times lose of value of its investment during year,due to hyperinflation generated by 70% interest rate and selling premined coins by Republia. Damn it, I haven't laughed so long ago. So you are saying that you are a financial analyst because you said so? And everyone should believe you and your false words ?? This is nonsense ..  You say that I am a troll and a crook, because I am telling the truth: "you have no facts other than your words and conjectures" ?? You say that my friends fill their pockets with money, but it is only strange that I participated in pre-sale and invested huge amounts of money ?? This is the biggest nonsense. Are you claiming that Republia is a fraud, leading to arguments only interest rate, which is now 70% published? Are you sure that it will not be 10% per annum when you launch the main network? Have you already done all the economic calculations, not having the initial data, except for the starting number? I will answer for you - no. What a beautiful lie - to blame what has not yet happened and use the assumption .. I would say exquisite. Can you give a real fact, the interest rate in the bank of my country, which is 16% per annum for many years? Or is my country a scam too ?? Sue my country if you're a fool. I can level any of your “fact” with the ground, even the fall of another coin, such as mnx and 3-4 hundreds of other coins that have fallen even more than mnx. Do you post a list of these coins or do you see yourself? And the fact that the growth before this was 40 times does not bother you? When was the growth - it was not a fraud? And the growth of bitcoin 10,000 times - is it a scam? Can you prove me the opposite, praised "financial analyst"? You can believe what Iam or not and I dont care about it.Iam not concerned what some troll is talking My works speaks for me.As I said. All what Iam talking about Minex proved truth.I was talking by weeks what are banking procedures,what are payment card procedures ,what is possible or not and all the time Minex/Republia trolls(like you are) attacking me and insulting me. Mine reputation stands for me and yours lack of it speaks enough too. I got mine satisfaction and trolls got despise. I know why are you defending Republia. Not just because bounty money they use to pay theirs trolls, but because you invested money in it. You knew from the start how it is risky,that it is Ponzi,but you were hoping that if enough people were drag into it there are good chances to dump on them before project fails as Minex did.You dont care if investors would face catastrofical losses,you just want to project starts,dump on gullable investors and run away.  You are talking that I dont know what will be interest rate,that it can be 10% or else. Well,I make analysis with present data. These data were also used by other potential investors when they are making judment of project.Everyone who are interesting to invest in Republia do not guess what will be but is using known facts.Now ,interest rate is 70% per year and that is fact,not assumption.You said how your country gives 16% interest.That is because Ukraine is a failed country and very bad example for any economic talks. Cant compare MNX or RPB with Bitcoin. Bitcoin didnt promise anything to anyone,like Minex and Republia. Bitcoin success is in a big part result of revolutionary technology not seen before and investors trust that it will bring them money in future due to its technology. What Minex or Republia has revolutionary ? - Nothing,just a lot of empty promises. Republia and Minex shares same flawed financial construction - same 70% parking rate,same undefined way to regulate exchange rate in tight range,same debit card program
- 70% interest rate is abnormally high and only reason why it is so high is to attract greedy and naive people as much as possible - classic Ponzi. We all see how it finished in Minex which lost 60x of its value for a year. There are no reasons to believe that Republia will has different destiny.Only stupid or corrupted people can believe otherwise.
- how Republia will maintain exchange rate in tight range. It is very difficult and costly.With 70% interest rate and selling of premined coins it so costly that Republia will bankrupt in months.Minex tried and failed completely. What financial instruments and mechanism will Republia use to achieve that?? There is nothing about it in the whitepaper and financial documents. Investors cant believe you on the word,they want precise plan. Fact is that Republia has not it.
- Republia wants to start debit card program as Minex tried and failed. Difference is that Republia wants to use USDR token for a payment tool for a card and that is impossible,because VISA and Mastercard does not allow using anything else except fiat curencies - that is completely unachievable goal - another failure in its start
- in Republia papers, everyone can see that Republia will need years to accomplish something .In the meantime Republia will have no incomes except investors money and money obtained from selling premined coins.With 70% parking rate this leads directly to hyperinflation and loss of money for investors,like it happened with Minex.Simply Republia will have no even close money enough to keep coin exchange rate in tight range. It is obviuosly.
- finally Republia and Minex shares not just same flawed financial construction ,but almost identical leadership. Who will trust them that they wont miserably fail as they did in Minex  All point to same conclusion - Republia will fail as Minex did and trolling cant help you any more. But I wont laugh on yours losses then. |
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Yes,Republia in essence is Minex 2.0 version.
Obviously they have no valid arguments to deny more than evident nature of Minex and Republia and now is relying on spam tactic only. Can you recall even one occasion when they answered any of your questions openly and honestly? They post lies upon lies and make distractions by blaming others instead of themselves. Did they ever make any valid argument or make a valid case for anything they said? In my opinion "no" not even once. They are shameless scammers trying to dupe as many people as possible in order steal from them under the guise of the their "business" At first,I thought that Minex/Republia problems are result of incompetence and inexperience. But,after some time when I obtained all relevant data I saw that is not a case. Theirs system is perfectly designed for attracting gullable,but greedy people who does not know much about economic sustainability. Fancy whitepaper,beautiful promises of future,but if you dig deeper you will find nothing which can support it. Try to promise someone 70% per year interest rate and you will get in prison for running a Ponzi like scheme. I really tried to point them on massive weaknesses in financial construction,but all I get was avalanche of insults an misleadings in style Yes,but no or No, but yes. I realized that they are not interested to change or improve anything. They are stubbornly keeping flawed financial construction and attack anyone who point to it. They took a lot of money from Minex investors,but didnt deliver nothing they promised.Minex sunk like Titanic,nothing is delivered and money was spent on what?? Now ,same people make another ICO,Republia with identical flawed financial construction and get mad if anyone even think that it is not genius project. I got feelling they want that investors give them money without asking any questions and then shut up for all times.Such behavior is hallmark of impending scam.I really would like that Iam wrong, but from all data I have and a way how they behave, Minex failure will be pale shaddow of what will happen with Republia if they collect all the money they want. Who are you to point out the shortcomings of the project? You may be a well-known crypto-financier, imagine a foundation, maybe you consider yourself to be God? Not? Then stick your flaws in one place. Your deliberate deception spread about the Republia project along with your friend JollyGood you can also shove yourself in one place .. Republia has no relation to Minexcoin You are so stupid as JollyGood, that you can not understand that except for you, 2 trolls, all this is seen. Once again you proroll my proclamation that I am participating in the bounty. Well, I did not even doubt. The typical action of a troll is to change the meaning of what is written and write, which I did not mean. For stupid people like you, I repeat that I am a member of an ordinary bounty party like the other million users of this forum. And I am an investor. Are you still stupid? I can repeat it again ... Although I will not - it is useless to prove to a troll who, free of charge, trolls for free the whole day. Who has not invested in the project, does not participate in the bounty, is not part of the team, BUT ROUND DAYS OF TROLLITE. This is you thunderjet. Yes, I quickly believe that the ripple coin is a scam than what you do it for free here. Like this. Or can you prove what's wrong? I have huge experience in running businesses and more than enough knowledge to talk about financial shortcomings of project.Iam very qualified to talk about it. I dont decept no one. Why should I do that? Iam only pointing to severe problems which will cause major damage to investors.Instead of any meaningful answer to mine questions Iam constantly getting avalanche of insults.Wave after wave.But you and your buddies received money from Republia to spread false propaganda and attack anyone who does not think that Republia is a wonderful project.You admitted that you are paid troll.It is more than clear who has interest to spread fake news. I will put your statement where you admitted you are troll every time you accuse someone else that is troll. Dont blame me because you took such a lousy job. You said that you are also Republia investor(probably just speculator) not just a paid troll. OK,now I know you have 2 major reasons to spread Republia propaganda beyond any proportion.Thank you on your admittance! Please,improve your English. Iam really trying to understand some parts of your statement.Thank you Yurii P. from Kharkov !!! Your words that you are competent are just words, without evidence. Is there evidence? Not? Then do not say this and do not become a financial specialist. Your indicated "serious problems" are your opinion, so how are you not worthy to talk about it. I myself will also say the opposite - these are just words. If you do not know the future plans and all the technical aspects of working on the blockchain and changes in interest rates - you do not have the right to say that this is a mistake. No expert can claim without complete data. Or are you part of the team? not? Then do not talk nonsense. I did not confess, but wrote that I did not deny that I participated in the bounty and for participation in the bounty, I carry a signature, I give answers ... and I will be paid a reward with coins (at the end of the bounty) like any other participant. Or not paid - I'm not too worried about it. I invested a lot more. What is there to understand? It is a fact. Are you stupid? I repeat: I speak a fact and confirm this - my participation in the bounty. How else can I write ?? Is this a crime? I affirm that I am not paid for my thoughts — these are my thoughts and only my opinion. And I also protect my investments in the project. And any groundless, without evidentiary statement that Republia is a scam I will give a fight. Even if tomorrow I cease to stay in the bounty - I will do everything vseravno, so that the trolls do not dare to blacken the project and my invested money and time. I, unlike you, publish only the news here in the topic and answer normal users if they ask answers. And like you and your team led by JollyGood is not worthy of normal communication. That's why I'm not a troll, unlike you. You try so hard to make a prepared message at the time of day, I see that you are trying. You say you do it for free? Yes? Do you work around the clock on the forum? Is free? Did you stumble upon a mnx project and then rpb and start trolling? Yes, I would not believe it !! ps You decided to show that you know a lot? I did not hide that from Kharkov. I can even give my address if you are interested .. I, unlike you, are not a crook, not a troll, and have never violated the law. My English is bad, but I'm sure your Russian is even worse ..
Today we saw how I was completely right about everything in Minex. Minex had no other way than to admit.All I was saying about banking processes, payment card issue procedure,how it work, what is possible and what is not proved right. At the same time all you and your buddies screaming proved totally wrong. This is mine satisfaction and your doom.
All what Iam saying about Republia will prove truth too.Mine goal was never to make senseless attacks on Republia ,but to point on system failures incorporated in to the heart of project.
I will say again - giving 70% yearly interest rate is Ponzi scheme. Bernie Madoff, reknown fraudster, was giving people 10.5% interest per year. He was running Ponzi scheme for years and cheated client for $ 65 billions.He got 150 years sentence. Republia and Minex giving people 70% year interest - it is 7x bigger than Madoff gave to his clients !!!
It is known fact in financial business that the bigger interest rate,the shorter time Ponzi can last.
We saw how Minex lost 60x its value for a year. Republia has same financial system as Minex and expecting it to finish differently than Minex is stupid.
I have no any doubt, that Republia investors would face multiple times lose of value of its investment during year,due to hyperinflation generated by 70% interest rate and selling premined coins by Republia. |
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All proved truth. They have no contract for sub-issuing and literally is on the very beginning,trying to find someone who will be willing to do business with them.
Till today, theirs hordes of trolls were attacking people round the clock ,persuading them how cards are on the way,next week or two,just to finish testing,blah-blah-blah-blah-blah
After so much misleading and lying,Minex reputation is on absolute zero.
Investors should find legal ways to try getting compensations for not delivering what is promised,but Iam afraid there is not much money left.
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Yes,Republia in essence is Minex 2.0 version.
Obviously they have no valid arguments to deny more than evident nature of Minex and Republia and now is relying on spam tactic only. Can you recall even one occasion when they answered any of your questions openly and honestly? They post lies upon lies and make distractions by blaming others instead of themselves. Did they ever make any valid argument or make a valid case for anything they said? In my opinion "no" not even once. They are shameless scammers trying to dupe as many people as possible in order steal from them under the guise of the their "business" At first,I thought that Minex/Republia problems are result of incompetence and inexperience. But,after some time when I obtained all relevant data I saw that is not a case. Theirs system is perfectly designed for attracting gullable,but greedy people who does not know much about economic sustainability. Fancy whitepaper,beautiful promises of future,but if you dig deeper you will find nothing which can support it. Try to promise someone 70% per year interest rate and you will get in prison for running a Ponzi like scheme. I really tried to point them on massive weaknesses in financial construction,but all I get was avalanche of insults an misleadings in style Yes,but no or No, but yes. I realized that they are not interested to change or improve anything. They are stubbornly keeping flawed financial construction and attack anyone who point to it. They took a lot of money from Minex investors,but didnt deliver nothing they promised.Minex sunk like Titanic,nothing is delivered and money was spent on what?? Now ,same people make another ICO,Republia with identical flawed financial construction and get mad if anyone even think that it is not genius project. I got feelling they want that investors give them money without asking any questions and then shut up for all times.Such behavior is hallmark of impending scam.I really would like that Iam wrong, but from all data I have and a way how they behave, Minex failure will be pale shaddow of what will happen with Republia if they collect all the money they want. Who are you to point out the shortcomings of the project? You may be a well-known crypto-financier, imagine a foundation, maybe you consider yourself to be God? Not? Then stick your flaws in one place. Your deliberate deception spread about the Republia project along with your friend JollyGood you can also shove yourself in one place .. Republia has no relation to Minexcoin You are so stupid as JollyGood, that you can not understand that except for you, 2 trolls, all this is seen. Once again you proroll my proclamation that I am participating in the bounty. Well, I did not even doubt. The typical action of a troll is to change the meaning of what is written and write, which I did not mean. For stupid people like you, I repeat that I am a member of an ordinary bounty party like the other million users of this forum. And I am an investor. Are you still stupid? I can repeat it again ... Although I will not - it is useless to prove to a troll who, free of charge, trolls for free the whole day. Who has not invested in the project, does not participate in the bounty, is not part of the team, BUT ROUND DAYS OF TROLLITE. This is you thunderjet. Yes, I quickly believe that the ripple coin is a scam than what you do it for free here. Like this. Or can you prove what's wrong? I have huge experience in running businesses and more than enough knowledge to talk about financial shortcomings of project.Iam very qualified to talk about it. I dont decept no one. Why should I do that? Iam only pointing to severe problems which will cause major damage to investors.Instead of any meaningful answer to mine questions Iam constantly getting avalanche of insults.Wave after wave.But you and your buddies received money from Republia to spread false propaganda and attack anyone who does not think that Republia is a wonderful project.You admitted that you are paid troll.It is more than clear who has interest to spread fake news. I will put your statement where you admitted you are troll every time you accuse someone else that is troll. Dont blame me because you took such a lousy job. You said that you are also Republia investor(probably just speculator) not just a paid troll. OK,now I know you have 2 major reasons to spread Republia propaganda beyond any proportion.Thank you on your admittance! Please,improve your English. Iam really trying to understand some parts of your statement.Thank you Yurii P. from Kharkov !!! |
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Has anyone got any money back from MinexPay? or is this money totally lost...
Nope. That is one way process - you can give money to them not vice versa That is why we have only InstaBuy and not InstaSell. Boris like money inflow,not outflow : It is First Ferengi Rule of Aquisition - Once you have their money, never give it backThey also used some others Ferengi Rules of Aquisition like: You can't cheat an honest customer, but it never hurts to try
If you can't break a contract, bend it
Anything stolen is pure profit
A deal is a deal ... until a better one comes along
Don't lie too soon after a promotion
When the customer is sweating, turn up the heat
Never place friendship before profit
Never take the last coin, but be sure to get the rest
Never ask when you can take
The vast Majority of the rich in this galaxy did not inherit their wealth; they stole it
When someone says "It's not the money," they're lying
Never admit a mistake if there's someone else to blame
Pursue profit; women come later
Never buy what can be stolen
Get the money first, then let the buyers worry about collecting the merchandise
There's nothing more dangerous than an honest businessman
A smart customer is not a good customer
Greed is eternal
Never trust your customers
A lie isn't a lie until someone else knows the truth
A lie isn't a lie, it's just the truth seen from a different point of view
The customer is always right ... until you have their cash
A friend is not a friend if he asks for a discount
If you steal it, make sure it has a warranty
More is good, all is better
A warranty without loop-holes is a liability
A Ferengi without profit is no Ferengi at all
Tell them what they want to hear
Let the buyer beware
Rules are always subject to change
Rules are always subject to interpretation
A lie is a way to tell the truth to someone who doesn't know
When in doubt, shoot them, take their money, run and blame someone else
There's a sucker born every minute. Be sure you're the first to find each one
When everything fails - run
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Yes,Republia in essence is Minex 2.0 version.
Obviously they have no valid arguments to deny more than evident nature of Minex and Republia and now is relying on spam tactic only. Can you recall even one occasion when they answered any of your questions openly and honestly? They post lies upon lies and make distractions by blaming others instead of themselves. Did they ever make any valid argument or make a valid case for anything they said? In my opinion "no" not even once. They are shameless scammers trying to dupe as many people as possible in order steal from them under the guise of the their "business" At first,I thought that Minex/Republia problems are result of incompetence and inexperience. But,after some time when I obtained all relevant data I saw that is not a case. Theirs system is perfectly designed for attracting gullable,but greedy people who does not know much about economic sustainability. Fancy whitepaper,beautiful promises of future,but if you dig deeper you will find nothing which can support it. Try to promise someone 70% per year interest rate and you will get in prison for running a Ponzi like scheme. I really tried to point them on massive weaknesses in financial construction,but all I get was avalanche of insults an misleadings in style Yes,but no or No, but yes. I realized that they are not interested to change or improve anything. They are stubbornly keeping flawed financial construction and attack anyone who point to it. They took a lot of money from Minex investors,but didnt deliver nothing they promised.Minex sunk like Titanic,nothing is delivered and money was spent on what?? Now ,same people make another ICO,Republia with identical flawed financial construction and get mad if anyone even think that it is not genius project. I got feelling they want that investors give them money without asking any questions and then shut up for all times.Such behavior is hallmark of impending scam.I really would like that Iam wrong, but from all data I have and a way how they behave, Minex failure will be pale shaddow of what will happen with Republia if they collect all the money they want. |
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it's some joke, every months they have a new bank?
you make video that test card work and 2 week after that MNX start public test? If want to participate just fly to Kiev, what is 1000+ km and 1000+$ and 2 days to test fabulous MNX TEST card! If everything work why still test period?
They are fooling you around. Dont waste yours money on senseless trip. There are no valid cards. They are "testing" ordinary company cards on theirs application and nothing more.They can test them indefinetely, but still cant send them to customers,because VISA/Mastercard dont allow companies to use other companies cards for theirs customers. They need to fill request for sub-issuing cards,goes through all necessary regulations and procedures, gets VISA/Mastercard approval of card design and make a contract with card manufacturer about chip they will use and number of cards they want.It is long goal,all others companies needed 8-10 months to accomplish this. They have been processing these card for long and we are told that the branded card is ready according to what boris said late last month No, they have been talking so long about card,not processing. Actually they are on the very beginning of this process. They even didnt fill request for sub-issuing of branded card,not to mention multi-month long fulfillment of neccessary regulations and procedures. I have impression that they really dont care at all about card issuing.If they really care they would not enter into testing cards which were never meant to be issued to customers. Logical step would be to first finish all regulations and procedures work and then when you get all licenses and cards came from manufacturer, test first batch of cards( actually they are not testing cards,but theirs software, is it compatible or not) before send them to customers. What is point of testing cards if you know these are not cards which customers will get Just another stalling. The article explain it as you do and they admit that they need to take some steps to get their own branded card Take a look from the article: "Another advantage of MinexPay is if the wallet subsystems work impeccably, we can add virtually any card as the issuer does not matter. Such design also doesn’t really require a contract with a bank unless we are ready to issue branded cards." Looking Further " Naturally, MinexPay users will still get a new MinexPay branded card after the test complete."Yes,at first ,they admit how these so call test cards are not real cards and how they need issuing contract,but in the next sentence they told lie to users how they will get branded card after test complete. Question is , how they will deliver branded cards after test completition,when they even didnt fill request for sub-issuing. They lie to the customers.Half-truths,lies, classical misleading. Instead of sensless testing of cards which are not these ones who customers will get,they should first fill request for sub-issuing and fulfill all necessary regulatory work and procedures and then and only then to test first batch of valid cards(not cards really,but Minex software). They cant do such complex work for a few days, they need several months of hard work to accomplish that. So,pointless testing of cards which are not these ones designate to customers is just a distracting of angry people and buying some more precious time for Minex to survive, until theirs new ICO ,Republia finish collecting money from gullable investors attracted with same lies as was the case with Minex.
The same team who lead Minex are preparing of launching theirs new ICO, Republia who will has hard cap 20x bigger than Minex and share same flawed financial construction Minex has:
- same disastrous 70% yearly interest parking rate,
- same failed principle of currency holding in tight price range
- same debit card program with a change to use USDR tokens as a payment tool for card,despite that VISA and Mastercard dont allow using anything else except fiat currencies for theirs cards
This is a real reason for pointless testing of cards which customers will never use.Boris said the branded card are ready and won't disclose the issuing bank until shipping start (all documents and legal works involved has been concluded) that was after CSOB deal fell off I can Recall clearly in telegram group, At the start of this card process,He said they were working with many banks to issue their own branded card and that was in march. The deal with CSOB wasn't the only deal for the card,they have other banks they are working with in other country,so i think they got their card already. Please ,look carefully at theirs article to Medium,especially on this sentence: "Such design also doesn’t really require a contract with a bank unless we are ready to issue branded cards. Precisely for that reason, we decided to initiate a public test " Boris is lying people. For branded card they must have contract for branded card sub-issuing,to finish all regulatory work and necessary procedures,to get design approval from Mastercard and to make a contract with card manufacturer. Plus Privat Bank has no license for worldwide distribution.
They have absolutely nothing. Minex didnt even fill request for sub-issuing. One logical question - if Minex has already branded cards why it is testing cards which are not the ones for customers
It is all just distraction.
In first interview to CryptoRich,Boris said how they collected $1.5 million dollars during pre-ICO and that is more than enough money to realize complete whitelist. Together in pre-ICO and ICO ,Minex collected about $3 millions dollars.
For one year they sold 1.4 million premined MNX coins and got at least another $ 7 million dollars.
In total that is about $ 10 millions. With only 5% of these money ,Minex could realize complete whitelist. They didnt realize nothing and investors money is gone with a wind.
Major question here is - if money didnt spend on whitelist ,where it is ? You dont have not be a genius to understand that most of money was finished in Boris hands and that part of it was used to finance another ICO - Republia, which is in essence Minex 2.0 version
So,all fuss about cards is just distraction,so nobody will ask where the money is gone.
Lolz....i seem you don't understand how the card start at the beginning, i wish they wil make full explanation on how they got the card. The branded card wont come from privatBank as i understood so far Nobody know who will be issuer of card,because Minex didnt make contract yet. I explained zillion times complete procedure and that is not an easy task,but task which takes months for complete realization. Testing cards which are not these ones designated for customers is senseless and misleading of people. If Minex wants to get some credibilty,than it has at least to make a contract about sub-issuing of branded cards,reveal contractor and show it to the users. Trust has to be earned. I am sure everything will be reveal when shipping start Cant shipping anything before Minex make valid contract for cards sub-issuing. So, first contract about issuing branded cards with Minex logo,then finishing regulatory things and procedures, then Mastercard approval of card design,then contract with card manufacturer and then testing software,not cards and finally first shipping to the customers. It is a long,long way until shipping.If Minex follow necessary procedures, it can take 8-10 months, if not , Mastercard will cancel cards. What will be depends solely from Minex. |
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