Hi guys,

I wanted to let all my old Bitcoin Broker clients know that I have started a new service called ICO Broker. The new www.ICOBroker.org review thread can be found here https://bitcointalk.org/index.php?topic=2188822.new#new

Thanks.

Coming soon.

I think it should be called RubHub.

As I understand it, you are setting up shop in LA to be in the epicenter of the entertainment industry.

For a musician to perform a concert, they are going to need to visit your studio where all the cameras, sound recording equipment, and technicians are located.

How do you envision VibeHUb looking five years from now if it is successful? Specifically, do you envision growing your studio in a centralized manner like what we see in LA and Hollywood? Or do you envision multiple locations being opened up around the world by people who want to offer the technical staging and setup who then simply upload to Vibehub?

If you envision the second, then what are the expected set up costs for somebody who wanted to venture down this path? (cameras, and all related equipment).

 

I don't think you grasp the concept of this project. This has nothing to do with games whatsoever.

Your team is keeping a modest portion from the crowdsale. If your team is not making money from Vibehub, what is going to keep you motivated to keep working on this project?

Your project looks great!

I have a couple of questions.

1)I understand you have a hard cap on how much is being raised, but I also wanted to know if there was a limit on the total amount of coins that will ever be produced? (for example..btc is capped at 21 million coins)

2)I understand your Vibe token will be the only currency used on the system, but I only saw mention of tipping rather than charging. Do the creators have the ability to set whatever prices they want for whatever event they may be offering? Tipping is nice, but people need to be able to set actual prices.

If they can set their own prices, then this project has amazing potential.

I could envision a rock band that has 100,000 die hard fans around the world. Touring is impossible because there simply can never be enough fans in any one city to cover the costs of travel, lodging etc. Yet the same band could email, Instagram, and tweet to all their die hard fans and say that they are having a concert in a really intimate location and the only way to attend is via VR and Vibehub. The band could charge each fan $5 for the concert, and probably make a hundred grand without having to leave their hometown.......or am I missing how this all works?

Is there any way of adjusting gas for the NEON wallet in the same way that you can adjust gas on the Myetherwallet so that you can speed up your transaction with the miners?

I am going through the same nonsense as well.

I deposited ETH on their site to buy an alt coin.

Their instructions for first time users (which I am) is to make a test deposit for a smaller amount to make sure your funds arrive in your wallet safely.

So, I deposit $100 worth of ETH without issue. Then I deposit the other $1,100 worth of ETH.

As soon as my $1,100 hits the account the account gets locked and I need to now prove to them who I am. WTF?

These jokers take your money, and then insist that you prove who you are before allowing you to withdraw it.

If they had made people aware that this is their policy I would of at least had a choice, but the sleezeball way that they have the site designed lures you into thinking that you can just sign up with a basic crypto account and begin trading crypto for crypto............nope.

Absolutely a scumbag way of running a business and has certainly created a bad taste in my mouth.

Thank you. That fixed it. Hope I make the cut off for the soft cap.

Same problem here. I keep getting told that I am not entering my birthdate correctly. I have entered it exactly how I am supposed to and keeps failing. Epic fail of an ICO. Too bad I was so excited.

I want to invest because this looks great, but there appears to be a major red flag. Hopefully somebody can clear this up for me.

In the Monetha video at the 4 minute and 40 second mark the CEO is telling people that if they participate in the ICO that they will receive a significant portion of revenue.

If Monetha has revenue flowing to the token holders, this makes Monetha a security, which in and of itself I am okay with. The SEC said that they were going to be coming after crypto exchanges which trade tokens which are viewed as securities. What happens if exchanges suddenly stop listing tokens which are securities? If there is no market for this token to trade in, then how is there price discovery? If there is no price discovery, then how does anybody ever expect to get their money back?

I suggest everybody read the blog post from Shapeshift from a couple of weeks ago. It describes how they are about to begin to delist a bunch of tokens because they were determined to be securities. The way you determine if a token is a security is by performing the Howey test. (Google Howey test if you don't know what it is.)

The Howey test is simple. If all 4 elements are present, then the SEC will classify it as a security. Those elements are.

1)Money is raised
2)For a common enterprise
3)With the expectation of a return
4)From the efforts of others.

https://info.shapeshift.io/blog/2017/08/17/shapeshift-and-tokens-securities

If Monetha is actually planning on distributing profits, then I cannot participate. A simple solution is for Monetha to simply not redistribute the profits. Just keep piling the profits back into the business, or find some other way of rewarding the token holders within the system. Your business idea is good enough that you do not need to give token holders profits.



 

The last sentence of page 13 of your white paper says

"All  Minerva  OWL  token  transfers  will  be restricted for two (2) months after the crowdsale ends."

Does this mean that you do not issue the tokens to buyers for 2 months after the crowd sale?

You guys are going to get into trouble with regulators in most countries.

You can go ahead and tell yourselves that "commissions" are not the same thing as "dividends" but I am willing to bet that the SEC and all the counterpart agencies in Canada, Australia, New Zealand, United Kingdom, Japan, South Korea, and probably every country with a functioning government are going to look at this in the exact same way.

When you allow profits from an enterprise to flow into the hands of the token holders by way of dividends, airdrops, commissions, or whatever term you want to call it, you are talking about securities.

As such, you are effectively selling unregistered securities in the eyes of virtually every regulator on the planet.

8.2 of your whitepaper states that you are paying token holders dividends.

If you are paying dividends to the token holders you are classified as a "security" in the eyes of the SEC.

Would you care to comment?

You are kidding right? Charlie Shrem went to jail for not conducting himself properly while running BitINstant. Charlie isn't exactly the poster child I am looking for when it comes to regulatory compliance (No offense to Charlie).

Respectfully, I would rather hear from a representative of the company who can answer my questions.

1)Are you accepting US buyers?
2)Are you conducting KYC of buyers? If so, are you going to ask for a passport photo?

Are US investors permitted to participate? Is there some sort of KYC which will require token purchasers to show a passport or drivers license?

I am confused about the token sale. I cannot see a Monetha wallet anywhere, so if I buy into your ICO, how do I receive my tokens?

Take a look at the Waves Platform. It sounds like it offers what you need.