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Would be interesting to see if Iconomi Performance fund invests in Melonport.
Melonport is a future competitor of Iconomi. It would only have OFM which Iconomi is also supposed to have
Melonport is a future competitor of Iconomi. It would only have OFM which Iconomi is also supposed to have
No way they're gonna invest there, few reasons imo:
1. ICO structure is bad, not to say scummy
2. Time to market is extremely long - 2 years of development
3. Product - first, it will support only ethereum based tokens. Also it will have both centralized and decentralized aspects - which in my opinion increases the chance of hack and/or abuse
4. Team
5. Why would they invest in a company that aims to do part of what they will do? Iconomi can do it better and faster
Hey Daparski, I haven't completed my Melon project research, and for sure there are a couple of issues that concern me (i.e. a) decentralizing, is it too early for this or perhaps overly complicated - issues with security b) the inflationary model, need to run some numbers, but something doesn't jibe here c) the time frame, which you already addressed)....but let's say for argument's sake that the project were to address some of these issues, tweak the model and suddenly it looks really attractive. If that were to happen and Iconomi does their vetting and makes an investment, I would see this as a positive thing.
First of all competition helps validate this particular segment of the crypto space. Investment from Iconomi gives them an opportunity to hedge a bit in case Melon really takes off or is able to complement the market by offering something different...then Iconomi benefits. In my view, this doesn't have to be a "there can be only one" scenario. Competition is healthy and my hope is that this Melon team gives it a legitimate go. That doesn't make me anti-Iconomi. It makes me pro-crypto fund segment.
Peace, Absconds...
Congrats for first post. Glad you did it here and not in the old thread.
Competition is a good thing, I definitely think that crypto is not a zero-sum game. As for melon - I think it is too complex to implement for now, and even if they do build it solid from technical perspective, I just don't see any traditional investor puts money in a decentralized fund management platform (whether the funds will be held offline or be the smart contract). People out there want to know that there is a company, a "someone" behind the platform.
Look at the bitcoin ETF approval - 3 years and tons of money just for a SEC approval. It is ~3-5 years too early for decentralized funds imo
Thanks, Daparski...I too am glad I popped my cherry here instead of the clown parade...
I'm not in disagreement with what you're saying...but thinking purely from the standpoint of risk/reward and the underlying goal of the INCP...the upside of making a small bet on this project (provided what I described above, some tweaking or clarification from Melon and Iconomi's subsequent vetting), could be fairly significant. Anyway, just a thought...let's see what the boys decide to do.
Catch you around...
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