Was looking into getting on with a mining site such as this one but after reading what is happening with this one and your not going to ROI anything with them I am having second thoughts as it does not seem to be beneficial to do this at all.
If they had miners that would generate a positive return on investment, why would they rent them to you? That is the most perfect answer to any one looking to join cloud mining in the first place. And the legit ones like Hashnest, you are not going to make ROI with them, thats why they rent the miners to you. Cloud mining as a whole is not profitable at the moment, a lot of cloud mining websites are in reality HYIP-s and you never ROI with legit ones, basically you are losing money both ways, so to keep it safe, store your BTC in your wallet which has more value this way. With so high difficulty only with S7 and very low costs of electricity is possible to get ROI. Everyone is waiting for S9 to chase technological race. There is more easy way to earn from cloud mining - thats referrals. For many users here that's doesn't matter if it is Ponzi/HYIP or not, most important is referral reward. They spread referral links on cryptorelated forums just to bring unaware investors. That's how it works. If it was possible for someone to reach a positive ROI with an s7, wouldn't they just plug it in and reap the rewards instead of giving them all away? |
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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. Paycoiners don't realize that the majority of the iceberg is below water, out of sight. They base their investment decisions based on the visible part of the iceberg, which usually entails fancy words and promises from nice people. I see plenty of it above the water. The fact that people with actual money invested in these things can't see these things has always confused me when it comes to this forum. |
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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. |
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I thought the atoms were to boost your stakers i you didn't have enough coins for a master node? Why wouldn't someone with 100k ions need so many atoms?
My guess is those IONs are locked into stakers because they have been converted from XPY (so can't be withdrawn to make masternodes), and those atoms have been converted from XPYBits, which had a different purpose before xpy.io was rebranded into ionomy. Also stakers "guarantee" a certain APY whereas masternode's revenue depends on how many other masternodes are on the network, although that's a whole other story. I forgot about the xpybits to atom conversion. Now for super noob question, where are you getting that image from, do you have to log in to that site? Am I missing a link without logging in? For something that wants new investors the FAQ and stuff on the website without logging in is very lacking. |
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I thought the atoms were to boost your stakers i you didn't have enough coins for a master node? Why wouldn't someone with 100k ions need so many atoms?
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A little bit of honesty would be nice to consider it an honest venture.
they post on their website that things will be launched on the 14th, and on this thread that the coins will be distributed on the 16th than ask where they gave a time to release the coins when people accuse them of being late.
They said the first 2000 blocks would be POW, but many had POS rewards.
Acting like children/Garza when their customers bring up reasonable complaints about ionomy changing the price of atoms...
Thanks for you thoughts. My comment is they have existing customers and prospective customers. As an existing customer I can honestly say that I haven't seen these complaints. The only possible complaint I've seen which is more a comment via slack was them dropping the minimum price to auction an Atom. The price dropped slightly but is recovering, Average is now $1.97. A lower minimum makes it easier if someone wants to sell. No one is fire selling ATOMs, the price is on the increase. As a prospective customer though what your saying is they need to be more transparent so you can better understand their plans and have peace of mind in knowing that they are not a scam or crooks, until then your not interested and are concerned they may be ripping people off. This is a fair comment. I respect but of course disagree with your opinion 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 big 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? |
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Iadrx Oh hi, another delusional ex-hashtard here to share his brilliance with us. How much did Garza manage to con you out of?
Enough for me to learn from my mistake but not enough for me to walk away from cryptoI love that you're some kind of judge of high quality programming when you can't even get simple grammar correct. It's like you went to the same school with Homero. your seeing > you're seeing your blind too > you're blind to Your judging their ability to code by my level of grammar.... seriously. How about speaking with some facts about how the coding is crap and a clone of XPYBut please, continue preaching about how we're the stupid ones. I find it highly amusing.
Since when did I call you stupid, you guys are definitely not stupid. Please don't put words into my mouth.
I just wanted to know to what level do you need to be convinced that this project is an honest venture
It's great you find me amusing.... it is mutual  A little bit of honesty would be nice to consider it an honest venture. they post on their website that things will be launched on the 14th, and on this thread that the coins will be distributed on the 16th than ask where they gave a time to release the coins when people accuse them of being late. They said the first 2000 blocks would be POW, but many had POS rewards. Acting like children/Garza when their customers bring up reasonable complaints about ionomy changing the price of atoms... |
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Was looking into getting on with a mining site such as this one but after reading what is happening with this one and your not going to ROI anything with them I am having second thoughts as it does not seem to be beneficial to do this at all.
If they had miners that would generate a positive return on investment, why would they rent them to you? |
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0o0o, Phildo, suchmoon, Franz_shitforbtains, ladrix, CryptoBuds, IOTUSA What will it take for you to see that what the ION team are building is gonna be special What your seeing now is just the start of a project that has been in development for months.... coin and platform.... its coding oozes quality. This kind of quality takes time but that's something your blind too as it doesn't fit your narrative. I'm telling you this not because I like you hoping to change your mind. Nope, it's because I want you to remember that you watched this ship sail away. ION doesn't look very healthy at launch..... lol...... that's today's bullshit comment of the day Keep posting your shit as the world passes you by, keep demanding answers and keep trying to prove ION and it's people are fraudulent.... keep wasting your time. BTW. IOTUSA Not touching this one with a 6ft stick with AIDS. Didn't know sticks could catch AIDS but then what do I know.... I didn't know assholes could talk until I joined this thread Enjoy your boat ride. I do have a question before you guys leave though, how far will the ship go with a captain who makes the bullshit comment of the day? I know it's hard for you to keep up with the thread, but Adam Matlack is the one who said it's not super healthy. Why do you have such confidence in someone who makes bullshit comments? |
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Hey guys, what are your thoughts on this coins future value? Sick of reading whinging bitches in this thread, it's not productive at all. Only positive replies or constructive criticism please
Not good. People paying for higher stake rates will pressure them to sell the coins that they get for the stakers to make the higher stake rates and so on. I'm especially worried about the location of the coins that staked during the "proof of work" phase, and shadiness from the people who did things like drop the price of atoms almost immediately screwing over their "customers." |
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This is exactly what you should do in these cases, scrennshot it and report about it, just dont lie in these reports, it is not good at all to lie.
I have participated in many threads on many forums and it makes it hard to participate here if many neither read nor talk, only bash. You are only not well informed about my participation and I am not like you looking to be famous but it looks like you are on your best way to become a celebrity.
Here is a screenshot of my pm from the mods when they deleted my post quoting your post insulting me. http://imgur.com/Se8s8eyhere is a screenshot of the moderation log showing they deleted your post also, user 222687. (interesting that ctrl + f 222687 came up with 4 results for a deputy forum police) http://imgur.com/WzpBunvNow that we have established that you are a liar maybe you will go away. For the millionth time, I'm not trying to get famous, just trying to prevent people from losing money via investing in a coin run by people too stupid to realize that GAW was a scam, not sure what your purpose is. As a side note, since you seem to get so upset by me calling people stupid enough to realize that hashlets couldn't exist and that Josh Garza wouldn't pay them $20 per xpy because it didn't make sense stupid, maybe you should try actually participating in the discussions because we have moved on past that to many other issues with the coin, except of course when we have to bring up that Adam Matlack was dumb enough to lose 6 figures in an obvious scam while talking to you. |
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Might as well ask here since I've never really understood it, what does the difficulty in a POS coin represent? How can the difficulty cause the chain to "hang?"
Also, we aren't criticizing Matlack for "trying to deliver value" we are criticizing him for "trying to deliver value" via a method that we know won't work because we saw what the strategy of create a new coin out of thin air did when Garza (and ever other altcoin millionaire) did.
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Saying that Adam matlack is stupid for believing josh's lies is not fud, it's an opinion. And you certainly have insulted me, I will screen shot the pm I received when the post I quoted the insult in when I get back to my computer.
Also, you are the only one spamming. If you had been participating in the threads instead of doing whatever it is that you are doing you would notice that we are well beyond the stupidity of matlack for losing 6 figures by believing garza's lies and onto all the issues since the coin launched.
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I have seen many shifty analogies on this forum, but that car sticker price one might take the cake.
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For what do you apologize? You spread again FUD, you are an lier, and bad one as addition too. Do not lie all the time or do you want to spread shit about me to tarnish me? I assume this and your goal are not fitting to the bitcointalk rules. Do you mean that these rules are non existing for you and you should not follow them? If so, I understand your constant provocation and trying to break all existing rules (of course if you need first to read them if you want to understand, remember, not knowing it does not save you from punishment, same like for GAWtards as we can see. @RoomBot Sure, rubbing people, spreading shit about others, bashing on anybody , doxxing ..... yes  I agree with you totaly it is so much fun to do all these jokes, especially if the joke is on you, no matter you get it or not. Correct, do I understand you correctly? Please stop mentioning the rules to me. You are not a mod. I do not give a shit what your opinion of the rules to this site are. What fud have I spread? I have given my opinion on the intelligence level of people who thought hashlets existed or that Josh Garza would pay them 20 pee xpy. I'm not sure how you can say my opinion is wrong, since you don't know what I think. I am not trying to tarnish you, I just wanted to apologize to everyone because I felt that I was thrilled cause of you making doany posts since you violated the forum rules by insulting me and keep bringing up that everyone thinks that certain people are stupid when I am the only one who has publicly stated that as far as I know. |
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I think happy coin just learned why coins that stake at a ridiculous rate are useless. Or did he only determine that about atoms yet and not realize that the same thing applies to the ions themselves?
Hopefully he bails soon before the price crashes. Haven't had time to check out where they can exchange ions and atoms yet, assume it's popping since block 2000 was mined.
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I would not care if I lost 50 BTC in a bet because I would not bet 50 BTC unless I would be ok with losing it.
Betting, especially on sports, involves putting your fate in the hands of others. It's not a great idea to put an amount of money that would impact you severely in the hands of others. Especially on a spread in a basketball game. The Warriors would not care if they won by 7 or 6, so putting a large amount of money on that difference is kind of crazy.
As a sidenote, that bet involved buying points in a basketball game, and paying a huge price to do it, not the smartest plan in the world. Losing 50 btc in one go had to hurt, but someone doing stuff like that is bound to lose a bunch eventually anyway.
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is this coin still alive ?
It just launched. Even though they said they would distribute the coins yesterday, they are still going through the 2000 block "proof of work" phase, which for some reason involves lots of blocks distributing 23 coins via proof of stake. Apparently at the magical block 2000 proof of stake will "start" and the market and all the bells and whistles will start. |
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I apologize to everyone.
Boki is very upset because I said that Adam was stupid for losing a bunch of coins to Garza, too stupid to run a new coin. I also said that MrCoins is stupid for not realizing that Adam is stupid for losing coins to garza.
For some reason this has really offended dear Boki.
It seems like ION has enough new issues for us to mock/question/point out, but Boki wants me to keep explaining why the fact that Matlack was stupid enough to lose hundreds of thousands of dollars to an obvious scam is bad news for his new, similar venture.
So I apologize for setting boki off and making him spew all this nonsense all over the threads. If only Mrcoins could have understood why Matlack and co's failures in paycoing were a major red flag, I wouldn't have had to use such vulgar language as stupid.
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The rough start before the coin even launched just gives it more of the feel of a coin from the past. Not a good sign. Also, the fact they are launching a "gaming" coin with no games is not smart at all. This is the same situation as XPY, absolutely ZERO utility. Without the games, what is the point of ION?
The evidence of how poorly planned out this project is becomes more apparent every day. With no games the price is just gonna drop, and son the ICO investors will be screwed out of even more money.
Was it stated in the white paper that no games would be available upon launch? Was it stated anywhere in the ICO promotions that games for this "gaming" coin would not be available at launch? This all is super shady, but expected by this team of nice guys.
It was never stated anywhere that games would be available upon launch of the coin. But you seem to be very excited, you want everything on day one of the coin launch? ... The OP said there were to be 5 million coins offered in the ICO, it didn't appear to sell 5 million coins, yet all 10,900,000 coins were minted anyway. Where are the leftovers? What will be done with them? ... Will be transferred to dev bounty funds (so will not hit the market now) and it has been said the fund will be published on the blockchain (so including wallet address, although it should not be a problem to find such a big wallet anyway ) Will all the coins that staked before the coin was distributed go there also? What about the extra staking from the one master node currently running because it has been impossible for anyone else to set one up? |
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