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Another way to look at this is there is no such thing as bad publicity - everyone will have heard of Tezos by the time it launches and will be watching it. So, when the price pumps that too will make Wallstreet headlines.
Food for thought.
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Sounds like a great time to invest in Tezos if you ever wanted to get on board (not that I've ever had much interest in them)
The tezzies aren't released yet, you can't invest in Tezos now. What I am baffled by is the foundation supposedly hasn't released money for development. The development is what the money is for so this makes no sense. Gevers has said he is one of the largest ico buyers, so again this makes no sense. Unless the Breitmans have just been trying to take money for yachts and beach homes, Gevers actions make so sense at all. |
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This looks to be pretty worse than I saw for SONM project at the start.Would be happy if they focus on the development part and deliver the product first and then decide who gets the better.If tezos was already released and trading, I bet it would have fallen 50% below ICO after such news. The ico funds are on ice, so they can't focus on development and deliver the product. |
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Way more money that is necessary to develop Tezos was collected, so I can't fathom how no money has been spent on development thus far. Sure, I can see some of the money being fought over and put on ice, but all of it?! How on earth could this happen?
For anyone jumping on me for criticising the Breitmans, they waited to tell investors this news the same day the WSJ article came out. So in other words, they kept this from them as long as possible and would have kept all in the dark forever without a news article exposing this horrendous mismanagement of investors' funds.
That is fucked up.
This should have been made public and attempts to get rid of whoever was stopping development funds should have began months ago.
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Looks like the team gave control of the funds to a swiss foundation so there is no money for development. Or, it could be that the breitmans had no intention of ever launching anything and this was just a money grab scam to begin with. Either way, it looks like all may be lost.
Number 1 rule in crypto: Never go all in on anything.
Enough with baseless accusations Idk what's going on but my accusations aren't baseless, the team hasn't done any development since the ico I'm just giving possible reasons why. There is no reason whatsoever to suspect that it was a "money grab scam". Anyway, when Tezos is finally released on exchanges, this whole thing won't have any effect on a price, so I'm not sure what your motives are. This was the biggest ico to date, took in a quarter of a billion dollars worth of crypto. The launch date promise was 2-3 months, and here we are going on 5 months later to be told they lost control of the money. WTF MOTIVES DO YOU THINK I HAVE BY RAISING DOUBTS?! Launch date promise was 4 to 6 month or even beyond. I specifically remember reading the warning not to invest if I had problems with that. Disputes like this happen all the time when there are a lot of people and money involved. You may have doubts, but claiming its a scam is something else. You could have different motives if you are not investor. Or you could be panicking, I don't know. I did not claim this was a scam, I said it is a possibility, time will tell what's really happened. |
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Looks like the team gave control of the funds to a swiss foundation so there is no money for development. Or, it could be that the breitmans had no intention of ever launching anything and this was just a money grab scam to begin with. Either way, it looks like all may be lost.
Number 1 rule in crypto: Never go all in on anything.
Enough with baseless accusations Idk what's going on but my accusations aren't baseless, the team hasn't done any development since the ico I'm just giving possible reasons why. There is no reason whatsoever to suspect that it was a "money grab scam". Anyway, when Tezos is finally released on exchanges, this whole thing won't have any effect on a price, so I'm not sure what your motives are. This was the biggest ico to date, took in a quarter of a billion dollars worth of crypto. The launch date promise was 2-3 months, and here we are going on 5 months later to be told they lost control of the money and thus no development has occurred. WTF MOTIVES DO YOU THINK I HAVE BY RAISING DOUBTS?! |
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Looks like the team gave control of the funds to a swiss foundation so there is no money for development. Or, it could be that the breitmans had no intention of ever launching anything and this was just a money grab scam to begin with. Either way, it looks like all may be lost.
Number 1 rule in crypto: Never go all in on anything.
Enough with baseless accusations Idk what's going on but my accusations aren't baseless, the team hasn't done any development since the ico I'm just giving possible reasons why. |
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Looks like the team gave control of the funds to a swiss foundation so there is no money for development. Or, it could be that the breitmans had no intention of ever launching anything and this was just a money grab scam to begin with. Either way, it looks like all may be lost.
Number 1 rule in crypto: Never go all in on anything.
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Whether the gamble pays off is completely irrelavent. What would make sense is selling the motorcyle and whatever cars that aren't necessary, other toys and maybe even downgrading their home assuming they had significant equity. What the parents have chosen to do with little kids in tow is madness, and these kids should be taken away and put into foster care because it's pretty obvious they don't care enough about them to provide the basic necessities of modern life. If btc goes into another bear mkt, this story will probably be repeated as an example of the harm btc can do - but that's not the story, the story is bad parenting.
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Oh dear lord, this is the kind of crazy stuff that happens when you have a bubble.
In the 90s, there were stories of people quitting their day jobs to become online day traders. And it's a great plan as long as the market keeps going up. The bitcoin market right now is reminiscent of that, and it makes me extremely nervous. That's why I've been buying some gold & silver. Those things are most certainly not in a bubble.
The end stage, the pre-popping of a bubble looks exactly like this: Everyone starts piling in to buy whatever is inflating. People start getting manic, and the price just keeps going up and up--and then it pops. I do hope that's not the case with crypto right now. It's so hard to tell, but it just seems like a replay of crazy markets I've seen in the past.
This is the sort of stuff you see from dysfunctional people, this is not an indicator of whether this is a bubble. No responsible parent would do this to their kids no matter how confident they were in some market. I'm calling bullshit on the story to begin with, everyone looks too happy and healthy to be in such a desperate situation. |
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Even if the price goes to $20k by 2020 like the father expects we are talking about 3 years of putting his little kids through a homeless situation so he doesn't have to worry about working anymore. Just a disgusting example of parenthood.
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In my opinion, after everyone gets their forked free coins, they will dump most of their bitcoins that they are buying right now. The price is currently pumped, because of the rumor of "free money" if you buy bitcoin now and wait for the fork. However, once they get it, people will want to sell their excess bitcoins, so you still have hope to buy them even cheaper than for what you had sold them. But the question is, do you really want to buy back all of them? I think it's worth to diversify, especially with a big money like yours.
Same thoughts before last fork but didn't happen. |
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They should have done this 2 years ago. This is a very wreckless thing to do with little kids I'm amazed at the stupidity it could be several more years before the next pump. If this story is factual, this guy gets irresponsible father of the year award. Raising kids is about stability, not about risking everything for riches - what a Fucktwit.
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After soo many scam accusations on duckdice, I still se people depositing money on their website. Well I don't know much about the scam but the people who have given him negative trust are the most trusted people in this forum. So I would probably stay away from duckdice
The reason why people still deposit their BTC is because Bitcointalk isn't the only bitcoin forum. There is Bitcoin.com forum, Bitcoin Reddit and there is the organic google traffic. People also don't always speak english so they don't understand when a site is having issues. To play dice you don't need perfect english, since its mostly numbers. The people who gave negative trust didn't really put their attention into the case. And since people are still using DuckDice it means that there is nothing shady, dice is a simple game, you deposit, you win, you withdraw. DuckDice issue was with Bonuses (and we have refunded users deposit at full amount) not the core features of dice itself. Everyone who gave you a negative feedback after your bonus canceling fraud scheme was uncovered, perfectly understood your whole account balance stealing scam! Here is the hole story: duckdice scamLet me know if you did not understand something? There are always clueless people who continue to play at a shady site and this confirms absolutely nothing! The issue was not the bonus, your issue was that you canceled the whole balance including deposits and winnings. I know that you live in a separate world where you also ingnore negative feedbacks and the reality, but if you owe 5 BTC winnings it is not sufficient to give the deposit back! Stop telling it over and over again. Go find another accusation or just go back to your hole. Fuck you, I'd be livid if Duckdice stole 7 btc from me too! This story makes my stomach turn, Duckdice should be shut down and the owners put in jail. |
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after 5years bitcoin is much higher in value than today.
Thanks for the very deep and informative analysis dude. Hopefully the readers can understand your very complex interpretation of the markets. That information will definitely help us a lot.  You know, you are a fucking smart ass. This guy gave some fantastic advice - KEEP IT SIMPLE STUPID (KISS, as in KISS my ass with your sarcasm). People think too much, if this same thread started a few years ago the correct answer would be - you guessed it, this guy's. |
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If they banned US exchanges that would be very bad. Coinbase, Poloniex and Bittrex are all in US. I don't see them doing that though, this isn't communist China this is a capitalist democracy so the odds are very low they will try anything like that.
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Well, I think they need more time now to start distributing the coins now, taking into consideration the amount they've raised  They need to develop the blockchain first. |
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I think maybe the team should communicate development progress instead of this silence.
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I believe Warren Buffet fudded btc back in 2014 so he could buy cheap coins and maybe this guy is trying to do the same. At any rate I question the motives of every so called expert who says buying btc is a terrible idea.
The banking system won't be going away anytime soon, it will be many more years before crypto is used exclusely by the massses and isn't measured against fiat - if this happens at all.
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