See thread. It seems too good to be true but so many people praised it to the heavens and back in the past.

So now that it dropped more than 97% and BCC closed operations, is it a good time to buy discounted BCC tokens?

[What happened:- It seems like the "dev" of this shitcoin is using a hacked account to promote his ICO, which tries to bait idiots into losing their money by promising 1000% ROI with the latest Master Node buzzword.- Claims to be a "Japanese coin", while the dev admitted that he was born, raised and lives in the UK.- Most likely isn't Japanese either and does not speak the language.- Uses a fake stock image to make it appear "serious".- Uses multiple alt accounts to spam promote this scam.- When confronted/exposed he gets abusive/defensive and spams attacks from his multiple accounts.- Long period of inactivity, randomly came back and started promoting this scam.- Email has been recently changed.- Clearly doesn't understand the trust system despite posting from a Hero account, which provides further evidence to the account being hacked.- When Lauda tagged him he attempted to blackmail me into silence:]

What happened:
- It seems like the "dev" of this shitcoin is using a hacked account to promote his ICO, which tries to bait idiots into losing their money by promising 1000% ROI with the latest Master Node buzzword.

- Claims to be a "Japanese coin", while the dev admitted that he was born, raised and lives in the UK.

- Most likely isn't Japanese either and does not speak the language.

- Uses a fake stock image to make it appear "serious".

- Uses multiple alt accounts to spam promote this scam.

- When confronted/exposed he gets abusive/defensive and spams attacks from his multiple accounts.

- Long period of inactivity, randomly came back and started promoting this scam.

- Email has been recently changed.

- Clearly doesn't understand the trust system despite posting from a Hero account, which provides further evidence to the account being hacked.

- When Lauda tagged him he attempted to blackmail me into silence:

If you stop bugging us, I and my friends will remove negative ratings.  I see that the negative ratings will affect your career, which I do not want to do.

Scammers Profile Link:
https://bitcointalk.org/index.php?action=profile;u=93432
https://bitcointalk.org/index.php?action=profile;u=1200647
https://bitcointalk.org/index.php?action=profile;u=1234617
https://bitcointalk.org/index.php?action=profile;u=987789
https://bitcointalk.org/index.php?action=profile;u=1131457
https://bitcointalk.org/index.php?action=trust;u=1229383

Reference Link: https://bitcointalk.org/index.php?topic=2384784.msg24558299#msg24558299 and onward
Payment Method: ICO

[What was promised during the ICO:]

Already posted this in their ANN, but it'll just get drowned out by the spamming shills over there, so I'm posting this in a separate thread for discussion on here.

What was promised during the ICO:

MCO - a token that will be used to reserve platinum tiered debit cards and that will be redeemable for a proportion of the fees earned by the MCO platform. Thus a highly valuable token redeeming it would've granted a portion of the earnings while reducing the existing supply, which would thus further drive up the price. In this situation there were a total of three factors that would've driven the price up individually in the long run.

What we get now:
MCO - a token that will be used to reserve platinum tiered debit cards, period. Nothing else. And I've already outlined above why this won't be a very lucrative price driver with fixed numbers. With a dynamic amount of tokens required to reserve the card (e.g. token price up, required amount down) this could be somewhat countered, but it still won't get anywhere close to what was promised during the ICO.


Thus, with the asset contract removed and no alternative proposed that complies with laws and circumvents delisting from Bittrex, the MonaCo Token has just lost the most important driving force behind its future price.

Clueless shills try to convince people that having to lock up MCO to obtain a platinum card will have a significant impact on the price. But that's just a shortterm speculative argument which is completely irrelevant for any serious investor and does not come anywhere close to what was promised during the ICO.
If the token price goes back up to $20, even the lowest platinum tiered card would lock up $1000 for 6 months. And if any significant amount of people is to use MCO platinum cards, this number multiplies many times over. In reality however, there aren't going to be a lot of people who will want to put down thousands of dollars on lock just to get a debit (not even credit) card.


Shills: But this is better than not getting listed on Bittrex!

Nonsense. There are other exchanges which are just fine. The only sound argument for this move is not being able to get a Visa deal without complying with some countries' laws. However, as we can see with SONM there are ways to work around buy-and-burn and dividends models. So just dropping the earnings section entirely is neither required nor is it fair, as ICO investors and token holders were promised to be able to participate in the fees incurred through the use of the MonaCo platform.



In the short term the Visa news is going to excite some people and lock up a bunch of MCO, thus driving up the price. But in the long term this isn't even a drop in the ocean that was promised during the ICO.

How do people feel about this? (And please avoid posting pointless one-liner memes.)