Yeah, like moths flying into a lamp even though it will burn them. Just that moths have ridiculously tiny brains. Humans should be seeing their demise coming from a mile away though, so it's quite strange that people keep repeating the same mistakes over and over for centuries.

On another note, there was an article on CNBC that pretty much directly attacked cryptos. So it seems like crypto is being taken very seriously by regulators now.

You're either illiterate or trolling. But whatever, enjoy living in a dump in some run-down city.

Inflation won't increase with it because of the limited supply of Bitcoins. If Bitcoin was $500k then you could only have 8 Million people with 1 Million USD worth of Bitcoin (2 Bitcoins each). And that's not even 0.1% of the world's population, and thus nowhere close to driving any inflation.

Of course they can make any number of new assets. But if those assets don't have any utility they're worthless. And right now the MCO token has lost its appeal as a token that will allow you to earn platform fees.

Lots of coins without any real utility beyond speculation around too... I'm surprised they even manage to gain any grounds withouth offering anything in return. Sure resembles Kickstarter and Gofundme "projects" that just collect money without giving anything back for it.

I'm talking about all fees associated with the card. That number was going to be massive in the mid to long term future, which would've been enough to create a massive passive income with even a moderate investment today. But now that's just randomly gone with nothing there to replace it.

Did you read my post?

You definitely can't buy "a lot of real estate" in most developed cities in this world. Even smaller cities have ~3 room apartments that cost anywhere from 300 to 500 thousand USD. The rent that you'd collect, minus all costs, would be enough to sustain your life without working if you're going to live in a tiny apartment in a "lower-end" city yourself, sure. But that would be a barely average lifestyle.

Credit cards don't require you to have a balance. You pay a bill later instead. So which is better depends on how you use it.

But the point of that sentence, that you have to lock up thousands of dollars to get a card.

And the point of the post was to bring light to the fact that the biggest attractor (for any serious investor) has been removed without any replacement in sight. Investors were promised that they would be able to earn their share of fees that the MonaCo platform accumulates. This is no longer possible!

Already posted this in their ANN, but it'll just get drowned out by the spamming shills over there, so I'm posting this in a separate thread for discussion on here.

What was promised during the ICO:

MCO - a token that will be used to reserve platinum tiered debit cards and that will be redeemable for a proportion of the fees earned by the MCO platform. Thus a highly valuable token redeeming it would've granted a portion of the earnings while reducing the existing supply, which would thus further drive up the price. In this situation there were a total of three factors that would've driven the price up individually in the long run.

What we get now:
MCO - a token that will be used to reserve platinum tiered debit cards, period. Nothing else. And I've already outlined above why this won't be a very lucrative price driver with fixed numbers. With a dynamic amount of tokens required to reserve the card (e.g. token price up, required amount down) this could be somewhat countered, but it still won't get anywhere close to what was promised during the ICO.


Thus, with the asset contract removed and no alternative proposed that complies with laws and circumvents delisting from Bittrex, the MonaCo Token has just lost the most important driving force behind its future price.

Clueless shills try to convince people that having to lock up MCO to obtain a platinum card will have a significant impact on the price. But that's just a shortterm speculative argument which is completely irrelevant for any serious investor and does not come anywhere close to what was promised during the ICO.
If the token price goes back up to $20, even the lowest platinum tiered card would lock up $1000 for 6 months. And if any significant amount of people is to use MCO platinum cards, this number multiplies many times over. In reality however, there aren't going to be a lot of people who will want to put down thousands of dollars on lock just to get a debit (not even credit) card.


Shills: But this is better than not getting listed on Bittrex!

Nonsense. There are other exchanges which are just fine. The only sound argument for this move is not being able to get a Visa deal without complying with some countries' laws. However, as we can see with SONM there are ways to work around buy-and-burn and dividends models. So just dropping the earnings section entirely is neither required nor is it fair, as ICO investors and token holders were promised to be able to participate in the fees incurred through the use of the MonaCo platform.



In the short term the Visa news is going to excite some people and lock up a bunch of MCO, thus driving up the price. But in the long term this isn't even a drop in the ocean that was promised during the ICO.

How do people feel about this? (And please avoid posting pointless one-liner memes.)

What was promised during the ICO:

MCO - a token that will be used to reserve platinum tiered debit cards and that will be redeemable for a proportion of the fees earned by the MCO platform. Thus a highly valuable token redeeming it would've granted a portion of the earnings while reducing the existing supply, which would thus further drive up the price. In this situation there were a total of three factors that would've driven the price up individually in the long run.

What we get now:
MCO - a token that will be used to reserve platinum tiered debit cards, period. Nothing else. And I've already outlined above why this won't be a very lucrative price driver with fixed numbers. With a dynamic amount of tokens required to reserve the card (e.g. token price up, required amount down) this could be somewhat countered, but it still won't get anywhere close to what was promised during the ICO.


Thus, with the asset contract removed and no alternative proposed that complies with laws and circumvents delisting from Bittrex, the MonaCo Token has just lost the most important driving force behind its future price.

Clueless shills try to convince people that having to lock up MCO to obtain a platinum card will have a significant impact on the price. But that's just a shortterm speculative argument which is completely irrelevant for any serious investor and does not come anywhere close to what was promised during the ICO.
If the token price goes back up to $20, even the lowest platinum tiered card would lock up $1000 for 6 months. And if any significant amount of people is to use MCO platinum cards, this number multiplies many times over. In reality however, there aren't going to be a lot of people who will want to put down thousands of dollars on lock just to get a debit (not even credit) card.


Shills: But this is better than not getting listed on Bittrex!

Nonsense. There are other exchanges which are just fine. The only sound argument for this move is not being able to get a Visa deal without complying with some countries' laws. However, as we can see with SONM there are ways to work around buy-and-burn and dividends models. So just dropping the earnings section entirely is neither required nor is it fair, as ICO investors and token holders were promised to be able to participate in the fees incurred through the use of the MonaCo platform.


Hopefully Kris will address this, but it seems like it's already set in stone anyways. And if so, I'll be pulling out of this one.

A major in business is bullshit and a waste of time. If you really want to understand how the world works study Mathematics or at least Statistics and then apply what you've learned to real world problems - which are just Math problems with different names. Meanwhile, a business major is full of silly essays and story telling, completely useless for understanding new situations.

Yeah, Google is a great example of this. It's unbelievable that they actually fired that engineer over an extremely well-written and thoughtful memo. Made me lose all respect for Alphabet.

Careful with this approach. It's definitely not true that "all altcoins" can easily flip over a few times. Most will eventually crumble and die, because most are either scams, directed by people who have no clue what they are doing, or simply try to do things in ways that aren't practical or realistic.

You don't seem to understand money... Also, just because something has "always" been used doesn't mean it's the best way to do things. And paper money has only existed for roughly 1000 years, so we definitely can't talk about "always used" to begin with.
There are many benefits of dumping both fiat and physical money in favour of a cryptographic alternative, regardless of whether or not that alternative is Bitcoin. Physical money wastes a large amount of resources, and fiat money is inherently worthless and gives too much power to the group that issues it. So no, the only "bullshit" here is your uninformed post.

How do you know what people trade like? lol

And of course there are some bots in the market, that is the case for literally every asset that can be accessed via an API.

What do you mean? Doge isn't capped.

If it happens more people will start mining as the price increases, which will increase the network hashrate and thus lower the profits down to similar levels as they have been.

The latest roadmap is on their blog, which you can find a link to on their website.

And who is out there lobbying for those things? Who is pushing supermarkets towards adopting Doge? Who is setting up Doge ATMs?

Bitcoin is probably going to lose its spot at the top much sooner than 100 years, although it should still take several decades.