Article worth reading:  Kraken asks MBA schools to choose between BTC and ETH.

https://cointelegraph.com/news/kraken-gets-mba-students-to-choose-between-bitcoin-and-ether

As I keep saying over and over, you can't compare BTC prices of ICN at ICO and now because of BTC appreciation.  You've got to use USD.   ICN price at ICO was 0.1257 USD per ICN.  ICN price now at coinmarketcap.com is 0.1639 USD per ICN.  Thus ICN is currently up 30% since ICO even with the dip over the past few days. 

I AM HODLING.

ICONOMI needs all the people it can get no matter where they are from.  Nobody is using bad English because they want to, and their English is better than my <fill in the blank>.

Crypto's ability to unite the world is its greatest strength and well worth a few language malfunctions along the way.

Does this look like developers that have abandoned their coin and their supporters?  

Progress is still being reported and discussed over on the ICONOMI Reddit channel:  http://www.reddit.com/r/iconomi

Maybe you can ask them yourself just what they have abandoned in their next Ask Me Anything (AMA).  Here's the link to their last AMA:

https://www.reddit.com/r/IAmA/comments/5d2efz/i_am_tim_m_zagar_cofounder_of_iconomi_fund/

 

Escrow Agent Mal here, watching from the sidelines.  

Please (re)state for the record the exact actions that will be followed by the ARK team (and any required actions by investors) if 100% project funding is not reached by Dec 11.

You are now having internal team discussions about possibly launching with less than full funding and taking people along for the ride who have not requested a refund.  That implies that a failure to reach full funding may require active requests for refunds by supporters.   This is totally different than  the ARK team automatically reversing donations to their original BTC or Lisk address and surrendering all funds entrusted to you.  

I hope you succeed in raising your required funding.   However, it must be crystal clear to everybody beforehand on what will happen if you do not.

I've already written this about ICN dividends:

https://www.reddit.com/r/ICONOMI/comments/5bi5em/what_defines_success_for_icnp/?st=ivdx8vk1&sh=07c6dbb9

As the article above discusses,  ICNP needs to go from its initial $4.6M to 2.7X during 2017 for a 15% annual dividend and 3.7X during 2017 for a 25% annual dividend.  Hitting 3.7X would make ICN a better dividend asset than any stock on NASDAQ and make ICONOMI a rock-star crypto on Wall Street.  

So let's look at the rock-star crypto 3.7X case.  $4.6M X 3.7 = $17M.    Profit is $17M - $4.6M = $12.4M.    Dividends to be distributed during 2017 would be 20% of that profit or $12.4M*0.20 = $2.5M.  These dividends would be distributed over 100M ICN tokens so each ICN token would receive $2.5M / 100M = 0.025 USD = 2.5 cents per ICN token over ALL of 2017.  If there was a constant weekly distribution of dividends over the 52 weeks in 2017, then the weekly distribution for each ICN would be 0.025 USD / 52 = 0.0005 USD per week or one-twentieth of a penny per week per ICN.  

So to equal the very best dividend stock on NASDAQ, ICONOMI must provide dividends per individual ICN token of $0.0005 USD per week or 0.025 USD total during all of 2017.

This analysis ignores other income streams besides ICNP.  This also ignores buying still more ICN weekly with your dividends for a compounding effect.

Getting back to the quote at the top of this post, EVERYBODY would be very satisfied with $0.10 weekly dividend per individual ICN.  This would mean ICONOMI would be paying out out $0.10 * 52 = $5.20 during 2017 on each ICO $0.1257 ICN token.  They would need $5.20 * 100M = $520M in cash to distribute as dividends to meet this 0.10USD per week per ICN target.  If this half-billion dollar dividend pool came from 20% of ICNP total profits, then the ICNP profits need to be $520M/0.2 = $2.6 billion.  With a B.  Growing the ICNP from its current $4.6M to $2.6046B is a multiplier of 566X, in a direct comparison of the 3.7X multiplier above that would make ICONOMI a NASDAQ rock star.

Hope is a good thing for the human mind to have.  Math is a better thing for the human mind to have.

Now, is ICN a panic sell if they can't hit a ridiculous 566X profit multiplier and turn ICNP into a multi-billion dollar fund in under 12 months to feed everybody's totally unrealistic dreams of $0.10 weekly profits per ICN?  Not at all.

ICN IS NOT A PANIC SELL WHEN YOU SUDDENLY REALIZE THE TRUTH ABOUT IT.   IT IS A DEFINITE BUY.

ICONOMI is not aimed at crypto children that don't know enough math to realize when their dreams are ridiculous.  ICONOMI is aimed at traditional fiat investors that currently have WAY WAY WAY more money to invest than the entire total in crypto right now.  And those traditional fiat investors are all crazy starved for income yield since the central banks have collapsed interest rates to zero over the past eight years.  

IF ICONOMI CAN HIT A 3.7X MULTIPLIER FOR ICNP TO BECOME BETTER THAN ANY OTHER NASDAQ DIVIDEND INVESTMENT, TRADITIONAL INVESTORS WILL POUR HUGE AMOUNTS INTO BUYING UP ICN TOKENS TO SECURE THAT DIVIDEND LEVEL FOR THEMSELVES.

Traditional fiat investors do not live in the crypto dream fantasy world of hoping for 566X multipliers on crypto-ICO performance funds.  They live in the real world where they will pour HUGE sums of money into purchasing any investment that can give them a 25% annual return on their money.  

That may be ICN tokens very soon, if ICONOMI can turn $4.6M into $17M during 2017 by investing ICNP funds into startup crypto efforts.

And you certainly should not panic about putting your money into something that could quite easily give you 25% or more return on your investment annually.

I am HODLING.

There's also this:

Welcome to ICONOMI.  Your idea for ICN to trade on Poloniex is a good one.  Count me in on that!

The ICONOMI team is Slovenian.  They may not even realize what this date means to Americans.  It WAS a long time ago.



For that matter, I guess that few Gen X, Gen Y or Millennials know that Dec 7 is a "special" day, either.

As I understand it, people who are running funds will "advertise" their funds on the ICONOMI platform, and investors can transfer money into those funds via the platform.  It's not an "exchange", because a fund can accept more and more money from more and more investors until a max limit set by the fund manager is hit.

ICONOMI is currently working on three projects.  First is a "platform" now under development where anybody can start a "fund" that others can invest in.  New fund managers will pay fees to list their fund on the ICONOMI platform.  Second is an index fund called ICN.Index run by ICONOMI itself on a basket of existing cryptocoins.  Third is another ICONOMI-run fund investing in new cryptocoin ICOs and startups called ICN.Performance.  If you own ICN tokens, you get a share of any profit received by ICONOMI from all three of these projects.  Profit shares are "dividends" that are paid weekly to your ICN account as ETH deposits starting in early 2017.  

Note that if your ICN is on an exchange, the exchange gets the dividends.  Whether that exchange will pass weekly ICONOMI dividends on to you is an open question.  This is a big reason for people to minimize the amount of ICN on exchanges, which should make ICN more scarce on exchanges, and therefore command a higher price as an investable zero-inflation token.  

Actually, to get to Ethereum's current level of success ICN must only go to 0.1257 * 32 = $4.02 each.   This implies a market cap of "only" $400M.

Also, as a mined coin, Ethereum has inflation of 18M ETH per year.  As an unmined token, ICN has 0% inflation forever.   This is a permanent advantage that ICN has over ETH in being priced as a crypto asset.

ETH launched mid-2015 for $0.30 with $290 BTC price.  Today ETH has dropped to around $9.60, so it is at 32X the launch price.

Currently ICN is at $0.1712 or up 35% from its launch price. 

Confidence is totally appropriate for ICONOMI.  The current decline is more about BTC gaining value than ICN losing value.   Current price normalized for Bitcoin rise is 0.1552 USD per ICN, vs 0.1257 USD per ICN the the end of ICO.   Anybody who has kept their ICN from the beginning is up 25% overall today in just seven weeks.

We're gonna be at 0.0003X soon.  I love this coin.  Nice, steady increase of 50% in 3-4 days after waiting 6 weeks.  Get ready to break Mach 1 sound barrier.

You guys need to read my previous posts.

https://bitcointalk.org/index.php?topic=1587736.msg16845602#msg16845602

In rocket operations, this is called "clearing the launch tower".

See, this is why elsewhere I have asked about "Class A" and "Class B" shares to split up ICNP profits among original ICO participants and later invited investors.  Say 100 invited people contribute the second $5M.  Why is it fair for the "$4M chunk of profit" above to be divided among ALL 3500 ICO PARTICIPANTS instead of the 100 INVITED PEOPLE WHO CONTRIBUTED THE SECOND BATCH OF ICNP MONEY?

I would argue that in this example, if there is $10M of profit, it should be split into two profit chunks of $5M each, all ICO participants should share 20% of the first $5M chunk BECAUSE THAT WAS THE DEAL THAT WAS AGREED TO BY ALL PARTIES, and that some proportion of the second $5M  profit chunk should be split ONLY among the invited 100 contributors.  What that proportion is has yet to be defined....

New all-time high of 0.000270 BTC per ICN on Kraken.  With current price of Bitcoin, this places ICN at 0.1890 USD / ICN.  This is a 50% premium over the ICO value of 0.1257 USD / ICN.

Time to blow the hold-down bolts, this rocket is leaving the launch pad!

Can somebody please explain to me how profits from an expanding ICNP cash pool is going to work?  At the end of ICO, all the BTC above 10K BTC was allocated to the ICNP, about $4.6M total.  OK.  In the near future, there will be weekly dividends distributed among ICN token holders, and those dividends will represent 20% of the profits made by the ICNP for that week. OK.  So far so good.

Now 'let us pretend" about the future.   ICONOMI says they will send out invitations to ICO participants to "invest" more money into the ICNP.   In round numbers, assume that BTC appreciation has turned the original ICNP pool of $4.6M into a nice, round, even $5M today.  Let's also pretend that ICNP accepts / gets an additional $5M from ICO participants to increase the ICNP cash pool.   The ICNP now has $10M, half from the ICO, half from invited participation.

So now it's Jan 2017 and the ICNP makes some profit.  How does that profit flow down to those who have invested in the ICNP?   20% of the profit goes to ICN token holders.  This 20% share going to all ICN holders is a larger amount due to contributions of the invitees than it would have been without them - is that fair?  Regardless, now we've still got 80% of the profit we have to allocate.  How much of that goes back to invited participants?  And how?  Can the invited participants "give" their share in this profit to somebody else?  If so, how?  By a new "ICNP" token?

Just sharing my writeup here that I am submitting for tomorrow's Reddit AMA...

Why, yes.  Yes, it will.