Has any member of dev teams ever answer the investors question on this thread? I want to know this
The guy that started the thread said that he would get back to us on the business registration in this thread and never did. Some users have been copying and pasting stuff from here over to slack and vice versa and some stuff has ended up answered, but that still will not stop us from discussing it. Edit: Also, the guy who made ionchain.com posts here and answers some questions. |
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What happened
...Thread is dead?
Seems like he has lost all of his money and life savings on gambling here, right?
Someone attempting martingale with -ev bets reached the result anyone who has taken half a statistics class knew would happen. one of the plus sides of putting everything out here like this is that this thread is one of the best betting threads in this forum in terms of listing exact bets and odds and payouts. My advice for anyone trying to come up with a new "system" (including carles) would be to come up with a strategy, and apply it to all the bets made in this thread (or the bets that you have made in the past.) It won't be a perfect test to see i it works, but it can at least show you if it would have survived this stretch. Bookies make money by offering you -ev bets. The only way to beat them is to find out when they make mistakes and offer you bets that are +ev for you. the best way to take advantage of tha tis to be good athandicappingsports, and to bet more on the bets you are more sure about and less on the bets. you are less sure about |
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You dont need to aprove google apps, you can offer them outside of google play too. It does not measure on their success currently which is to be seen as success as they got again bunch of money. What if they bring out only browser games which do not need to be installed? Why should they need an approval from google or apple? Do you know what it needs to get approved? It is not that hard to bring an game out and list it on google play and apples app store. Bringing them on google play and apples store would not encourage me at all to invest, it still does not say anything about their success. We even do not know which games they want to bring out and who are target groups? I strongly assume that female world is their target, but what do I know  , better wait for them to tell who their target group for games mainly is. "Forecasts for mobile gaming growth are nearly exponential. Mobile gaming revenue topped $27 billion USD in 2015 and is expected to double by 2019. The United States, China, and Japan are currently the largest mobile app markets, for a combined total of $17 billion USD in revenue in 2015. Growth in emerging markets and Europe will continue to contribute to the rapid expansion of mobile gaming." "Gamers on mobile devices are some of the most active and engaged of any user base. Among mobile gamers, over half play daily, for at least an hour a day. Gaming accounts for half of all smartphones usage and a quarter of tablet usage." "Mobile gaming revenue is projected to top $45 billion in 2018. The majority of mobile gamers are over 35. 52% of gamers over 35 are women. This age group alone spends an average of $6.51 per month on in-app purchases. The average amount spent on mobile in-app purchases is expected to continue growing for the foreseeable future. If ionomy gets even a fraction of the market share, projections for the business model look great." Gee, I wonder why we are more concerned with mobile games and how they are going to do in-app purchases that whatever stuff you are making up. They're stated goal is to somehow grow the value of the coin via getting part of the market of in app purchases in mobile game. For this coin to be a good investment there needs to be a reason for people to buy the coin. The stated reason team ionomy has given that people would want to buy the coin has something to do with in app purchases on mobile games, so in order to figure out if there is a reason to buy the coin, we need to figure out if their stated goal is possible. That's what people do when they are deciding if an investment is good or bad. |
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Korvas, rdewilde, anyone else on the inside. Has there been any more clarification on how they will work with Google play to accept payment in game besides "amazon does it?"
No. From what I remember IOS was more of a problem than Android. But no detailed description was given. Most guess that the ingame incentive will not be crypto (but for example the non-crypto token called Electrons) which can be used to boost staking on the IONs thru ionomy platform. Indirectly it means that ingame earned/bought tokens would be converted from/to ION capital thru staking. Not a single official detailled source about this yet though To tell everyone now how they would implement the payment element in gaming would be commercial stupidity. At this stage showing intent is enough. If the ION team turned round today and said this is how we'll implement then a) you've given away a competitive advantage b) you set yourself up for someone to screw you The best thing to do is go ahead and implement then discuss the merits or failings later. Today if you think the implementation has no chance then it's simple don't invest. You need a little bit more than intent to make a good investment. Would you give me money if I said I intend to build a gambling app for iphones without explaining at least a little bit how I would get through all of the regulatory hoops? Would saying "pokerstars does real money gaming in NJ" be enough? Wouldn't you have at least one followup question? If not 100? I assume you moved from "scam" to good investment, slowly, let's figure out if it is scam or not and what it has to do on bitcointalk, I assume because of the blockchain tech. Like stated before, lets talk about the code first. If it is not an scam, it still might be an bad investment, do you agree? I am not going to look into the code itself because there are a bunch of issues to get into before we get into the nitty gritty of the code. The code could be perfect, the code could have 1 million bugs, if google and apple won't approve the apps the whole thing is useless. |
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Korvas, rdewilde, anyone else on the inside. Has there been any more clarification on how they will work with Google play to accept payment in game besides "amazon does it?"
No. From what I remember IOS was more of a problem than Android. But no detailed description was given. Most guess that the ingame incentive will not be crypto (but for example the non-crypto token called Electrons) which can be used to boost staking on the IONs thru ionomy platform. Indirectly it means that ingame earned/bought tokens would be converted from/to ION capital thru staking. Not a single official detailled source about this yet though To tell everyone now how they would implement the payment element in gaming would be commercial stupidity. At this stage showing intent is enough. If the ION team turned round today and said this is how we'll implement then a) you've given away a competitive advantage b) you set yourself up for someone to screw you The best thing to do is go ahead and implement then discuss the merits or failings later. Today if you think the implementation has no chance then it's simple don't invest. [/quote You need a little bit more than intent to make a good investment. Would you give me money if I said I intend to build a gambling app for iphones without explaining at least a little bit how I would get through all of the regulatory hoops? Would saying "pokerstars does real money gaming in NJ" be enough? Wouldn't you have at least one followup question? If not 100? |
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How many investors/developers/etc have looked at the ionomy.com/games have seen the "edgey" typo in the Urban Words description and not gotten it fixed?
I mean, it's not the end of the world, and probably not all that important in the grand scheme of things (although knowing how to use a dictionary is probably important for people making a word game.)
What kind of quality control can be happening with the code (coins or games) if typos can get through (and sit for days) on the web page you are presenting to the public? How can you consider yourself an investor or part of the "community" and see this and not point it out get it fixed? What does it say about all of this if I'm the only one that noticed this when I have 0 dollars invested in this?
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I never did say a picture of their mining rigs does negate the chances of them scamming. You are absolutely right though, but how does one use the blockchain to prove mining capability?
If you have x hashpower you should be mining y amount of blocks a day/week/whatever and you should be using those coins that you mine to pay out to your customers. When you mine a coin, you prove you own that address, and use those coins to pay your customers, now we know you are actually mining coins. It doesn't even need to go into that much detail, just prove that you own one addrss that gets freshly mined coins. Isn't the entire point of all this shit that everything is on the blockchain? Why not use it? |
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did they ever prove that they were mining coins?
You do that by sending freshly mined coins out as payment.
Uh no, that's not how it works. To prove that they were mining coins, you have them post a picture of their mining rigs. Is there even one cloud mining site that has done this? Garza/GAW posted a video of mining rigs? how'd that work out? It doesn't work that way because they are all scams and ponzi schemes. There's no reason that a cloud mining site listing payouts and rewards should look any different from a mining pool site. It's possible to use the blockchain to prove you are mining. Why wouldn't you do that if you were mining? |
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Korvas, rdewilde, anyone else on the inside. Has there been any more clarification on how they will work with Google play to accept payment in game besides "amazon does it?"
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Here is some napkin math for the whole masternode/staker thingy.
Stakers that are currently being sold would pay 15% APY (or 17.5% if you have a certain number of atoms), can be "electrified" to 30-35% respectively. I think the XPY converted ones were supposed to pay 25% (50% if electrified) although I can't now find any solid info on that. So let's take 50% APY as the maximum that ionomy could ever need to pay on the deposits in the first year.
The whole ION network will stake more than 100% in the first year (a bit less if the chain does not breath for extended periods of time). 50% of this goes to masternodes, 50% to regular wallets, which means that the "team" does not need any masternodes at all to fulfill their obligations for depositors. They can stake at the regular rate of 11.50 ION per block and still get enough coins even in the worst case scenario (i.e. every staker is electrified, every other wallet on the network also stakes and competes with them, etc).
Your math is not entirely wrong but it needs some corrections, btw I do not think there will be many "team" nodes in the beginning, i.e. less than 100. The majority online now are customer nodes. If there are not many team nodes, where are all the coins that people "put" into stakers going? what about all the coins from the xpy exchange? Also, is this a matter of semantics? Is there a difference between 1 "team node" with all the coins from the xpy exchange, and more than 1 with all the coins spread out? No semantics, 1 node is 1 node. Some coins will stake in wallets. I read that these addresses will be publicly available. Didn't realize that 20k was also the max number of coins in a node. Why would some of the coins be staked in wallets? What is the purpose of a user paying the team to do something they can do themselves? |
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Here is some napkin math for the whole masternode/staker thingy.
Stakers that are currently being sold would pay 15% APY (or 17.5% if you have a certain number of atoms), can be "electrified" to 30-35% respectively. I think the XPY converted ones were supposed to pay 25% (50% if electrified) although I can't now find any solid info on that. So let's take 50% APY as the maximum that ionomy could ever need to pay on the deposits in the first year.
The whole ION network will stake more than 100% in the first year (a bit less if the chain does not breath for extended periods of time). 50% of this goes to masternodes, 50% to regular wallets, which means that the "team" does not need any masternodes at all to fulfill their obligations for depositors. They can stake at the regular rate of 11.50 ION per block and still get enough coins even in the worst case scenario (i.e. every staker is electrified, every other wallet on the network also stakes and competes with them, etc).
Your math is not entirely wrong but it needs some corrections, btw I do not think there will be many "team" nodes in the beginning, i.e. less than 100. The majority online now are customer nodes. If there are not many team nodes, where are all the coins that people "put" into stakers going? what about all the coins from the xpy exchange? Also, is this a matter of semantics? Is there a difference between 1 "team node" with all the coins from the xpy exchange, and more than 1 with all the coins spread out? |
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How to move on? You even keep on this 60 argument, lol, it was not your money and so its not a difference if its 1 or 1Mio unless you see the same problem as I do, scammer got these money and it makes difference if $1 or $10Mio. I think we agree on this. To keep on, how to keep on, talking to each other about IoN and getting info from slack? Seriously?? The only way would be if the team comes over to talk. Talking seems impossible as well as providing an real discussion, this forum or forum rules are not protecting any user of this forum which means already, why should they come to get only attacked? Even if they have no answer, it does not mean they lie. We will move on as soon as ion team appears here and they do not want because you boys and girls are so nice. Now an question to you, do you think it is more productive if 5 scream that they are scammers or if you let them explain everytihng here and people could see that they are scammers or not. How about that? Being nice is hard , I know, they seem to be way better in that. A very simple way to move on from the fact that Adam Matlack lost 6 figures in an obvious scam, and why the fact that Adam Matlack losing 6 figures to an obvious scam is a bad sign for the odds of success of this coin would be for you to stop bringing it up. Who are the people that are screaming that they are scammers? Whenever you aren't here several people are asking questions about the coin, and several people answering them. try to participate instead of getting hung up on stuff no one but you has mentioned in days. |
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Is there any reason to believe they will be able to accept alternate payment on android devices besides "amazon does?"
Because there nice people. What's wrong with nice people? Most think that these nice people are involved in GAW. Some did not go to the toilet during Ganza time and now its their turn. Somehow they think being rude, low level, abbusive.... is way better than to be nice. All of these experts forget 1 main thing, an good deal is when both sides are happy. If I deal with someone who is rude from beginn on, there will be no business. This is probably the main reason this thread got 88 pages, but keep on contributing here and you will understand that in crypto everythiing is vice versa, good guys are bad guys and bad guys are good guys, it changes from time to time, sometimes weekly. I hope that you know now more than before why being nice is bad , but I am sure, there are at least 5 people who will explain it to you. Simple Definition of involved : very complicated : having a part in something : included in something : actively participating in somethingIt's pretty clear that losing 6 figures to GAW involves actively participating in GAW. Now that we are done with stuff we haven't talked about in several days maybe we can move on to the new issues that have popped up with the coin. |
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This thread has been live since November 14, 2014, 07:40:29 PM and for about 90% of that time it has been either Comedy Gold or so interesting and captivating it's been like a good book you couldn't put down. There's clearly still much to play out and there's oodles of value yet to come! It's been a joy to watch the truth come out and those that stuck to their guns when all around were howling "FUDDER" seen to be proven right. IT's also clear though that while Ganza has been the most obvious (and largest) fraud in the Alt space there's now even more potential for another major con after the success of The DAO. It's kind of inevitable that someone/a group will try to emulate the process and try to generate insane amounts of money such as The DAO has gained. I believe it's incumbent upon those that have experience and knowledge to stay vigilant and stop those pretenders as they appear. So, well done all and keep it up Stay sharp.... the next one is around the corner.... The euphoria for that one (and all ETH stuff really) is too high to do battle with. Just stand back and watch. |
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Phildo What is there to disagree about? They said the first 2000 blocks would be Proof of Work with no reward. Block 1296 is one of many that has a 23 coin Proof of Stake reward. Is that an honest mistake? Was the first statement a lie? It's not an opinion it's a fact. Now, an opinion would be whether or not that's a big deal, and it may not be a b6ig deal, but it's still an issue. Your only hope for success is that they learned from the mistakes of paycoin, yet here we have the actual results not matching the promises that were given out before things started, and extra coins going into the hands of unknown people before everyone else gets a chance to get/stake any. Does that not sound familiar to you? are you really not worried about any of that? Don't know the answer to this... don't think it's a mistake though. When you say 23 coin POS where are you getting the info from. I didn't think a block explorer was available yet.
If you had to guess, how many coins in total do you think were POS generated before block 2000. If I had to hazard a guess the POS coins were for testing, possibly to fund the electron element of a staker payout or to go into a bounty pot..... but like I said this is just a guess
If it's a real concern to you then you should visit slack and ask the question,
I'm not worried by this, I've been dealing with them for about a year with no problems. If you think there is a 1%+ chance of a scam then don't investBTW. Those images suchmoon is posting are taken from the Ionomy platform https://ionomy.com/. You'll need to sign up then you'll get access to those screensI am not signing up for slack. I have barely even looked into this thing and seen enough red flags to stay away. They started this thread here, they're going to have to deal with the repercussions. The people inside the slack are either in on it or too brainwashed to see the light, just like the people in hasthalk and paycointalk and lendcointalk and all the other blablatalks where various stages of this saga have taken place. All I can do is point out the glaringly obvious problems that I can see from here, without even really trying, in hopes to keep other people out of the mess. Here is block 1236 https://ionchain.com/block/73ce123f7b1fa011a1b4fb320fc7d10bad89dd0777e6a3efe5fe5c1b53b31311Here is a transaction in that block that consists of nothing but a POS reward https://ionchain.com/tx/8ba71247b921334e292050d72c1b508d5618c2c7866687361123fd00538bebfaNow, the amount of coins generated via the POS rewards is trivial compared to the premine, but it still stands out as an issue to me. They said blocks 1-2000 would be POW. This is obviously not a true statement. There are two reasons that statement could be true. either they lied about 1-2000 being POW or there was a mistake in the code. You said you don't think it was a mistake, then it was a lie. Why lie about such a meaningless amount of coins? How many coins do they need for staking rewards? They had 2.5 million set aside at the start, plus all the coins allocated to the ICO that no one bought. I am not signing up for slack because this is not really a major concern or me. I saw enough red flags from the original post in this thread to stop me from being invested. that isn't going to stop me from following along and asking the questions that I think would be important as we go along. If you have no problem with a coin that literally started with a lie/mistake (I would consider all the blocks pre-distribution of ICO coins the start) good for you, but I'm still going to point out the flaws that I see. Feel free to ignore them, but while you are sailing away on the glorious ship IONia keep your eye out for icebergs, because I feel like there will be a lot of them out there. Hey Phildo I too have been doing some digging as what you said didn't sit right, I can confirm 0 - 2000 blocks had POS & POW with no reward got this info asking around slack, this is what the team said POW phase was to make sure they had enough time to distribute mature coins, to make sure the network could stand on it on its own via POS That was the objective nothing else, again got this asking around slack You said -- They said blocks 1-2000 would be POW. This is obviously not a true statement.......... I searched but can't find where they said that so unless you can prove it different this is another piece of misinformation designed to discredit the teamHere is block 1236 https://ionchain.com/block/73ce123f7b1fa011a1b4fb320fc7d10bad89dd0777e6a3efe5fe5c1b53b31311Here is a transaction in that block that consists of nothing but a POS reward https://ionchain.com/tx/8ba71247b921334e292050d72c1b508d5618c2c7866687361123fd00538bebfaThis sync's up with what they said NO POW reward and a small POS reward 23 ion or $5.75 which is for all to see I'm not going to go and find anything, if I was wrong about that one, I was wrong about that one, there are still a million other red flags. I, and others, remember reading that POS would start at block 2000 after the coins were distributed. Even if that is wrong, the coins were not distributed at block 2000, so there were tons o blocks with POS rewards going only to the devs/whoever received the premine. If that is all made up, I apologize, but I still blame them for not putting all of the relevant information in one place that is easy to find. See how simple it was to answer questions? Now we can move on to the next issues. What are the guarantees that the masternodes that pay out the charged staker payouts will generate enough coins to do that? If these nodes generate too few coins for all the payouts what will be done? If they generate too many what will be done? Is there any reason to believe they will be able to accept alternate payment on android devices besides "amazon does?" |
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Damn, Franz, re-read, you're not actually joking? That's something they're actually working on?
Yeah, I was not making that one up. https://ionomy.com/gamesI think I agree with suchmoon. They should make cars, too. I do gotta admit, this is an interesting concept. Card Against Humanity is an awesome game. Guess it depends on how they structure the game. I could see it having potential in all seriousness. From the description, it's nothing like cards against humanity, except that it's "edgey." Just looks like ruzzle minus the multiplayer plus being "cool" by ripping defintions from urban dictionary. Hope they at least have the sense of humor to include this definition |
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Have there been any talks with Google play to work out a similar arrangement as amazon?
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The chain seems to have stopped breathing. Last block was more than an hour ago if the explorer is showing the correct time & timezone:  Edit: lolz  It needs CPR! Wait, did I just give them the name for the coin they release after this one? You heard it here first. Good thing they waited to do all the testing after everyone got their coins distributed so that the lack of stake rewards could be split amongst everyone instead of them being forced to sit without rewards before anyone had any coins. Very generous of them. |
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It is pointless to pose questions in this thread. The team ignores them and let us speculate about them. Then they get pissed about the rampant speculation and send their members in to defend those speculations with aggressive words and strawman arguments. They will provide no transparency, no clarity and will try to obfuscate things as much as possible.
I'm not gonna ask anymore questions, the team won't answer them. I'm just here to watch things crash and burn. 500 members can't prop up the "Ionomy" for long. People aren't gonna be happy when their coins are with significantly less than ICO price. But then again, when the fearless leader questions why his used car doesn't retain value, well...enough said.
Although I'm not on the team, I can say it is a bit hard to find the questions in the topic with all the nonsense in between it. Time-consuming at least. Maybe if it didn't take 4 days to clarify the first question we could have moved on instead of having deputy forum police fill the thread with nonsense. |
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On slack, Matlack stated that the first 2000 blocks were POW/POS all along and he's not sure how people missed this.
Probably the same way he missed saying that shit would get done on the 14th and the 16th, because the whitepaper is useless and nothing is actually written down in a way that's easy to find. If he's not sure how we missed it, it shouldn't be that hard for him to show us where that was clearly stated. Are we all in the matrix and had the same dream that staking and everything important would start after block 2000? And if the first blocks were supposed to be POS the whole time why didn't every block have a reward? |
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