Then there will be no more Dumps as all will keep their coins forever and watch them GROW!
how is a coin supposed to grow when everyone is holding and doing nothing with them? All jokes aside. You're absolutely right. Yeah but there will never be a coin that everybody holds forever, people want profit  Yeah man, we don't live forever either. lol The point he makes is that we need to spend some coins in order to generate value. There need to be a use for it, otherwise it will get to a certain point and folks will just start dumping it. The last ones out will then be the losers. However, if you build an economy around it, where goods/services can be exchanged for MintCoin, then you create lasting value. |
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Then there will be no more Dumps as all will keep their coins forever and watch them GROW!
how is a coin supposed to grow when everyone is holding and doing nothing with them? All jokes aside. You're absolutely right. |
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Please add FastCoin (FST). Thanks.
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Sorry, I should have mentioned that along the top of their screen are a series of national flags. Select the one that you are from and the information will be translated. They have changed their requirements to the voter needing to log in to their system via QQ or Gmail - this is probably where you are having the issue. Once you have logged in, you will be redirected back to the voting page and able to vote once per day, per IP. If you get rerouted to a blank page, just refresh until you get back to the voting page. I will update previous post. Thanks. |
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It's not only you I clicked on those chinese chars as well without anything counting upwards. LOL  |
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If skycoin works out right etc, the developers and whoever else will get verrry rich. If you think about it. If skycoin is indeed fair then the developer and their team deaerve the money they make..sort of like how satoshi komato deserves tl be a billionaire for creating bitcoin...
But does he?
If he didn't create it, someone else would have created something similar. Bitcoin was not the first concept of cryptocurrency.
Just like if Thomas Edison didn't invent the lightbulb (he didn't, but thats another story) we would all be sitting around in the dark?
I believe we should all be rewarded for our achievements, but there should be some relation of your effort/work to your reward.
By allowing the developers to sell every single coin you are essentially saying its all right to premine 100% of a coin and sell them all for your own personal gain.
Every single coin that ever exist will have been bought from the developer.
Every single dollar that goes into this coin, will be 1 dollar into the developers pocket.
Does this seem fair?It will certainly be interesting to see how they go about it. |
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1> Skycoin is not a financial instrument or a get rich quick coin
2> Skycoin is not about the money. Dont buy Skycoin for financial reasons.
3> Skycoin does not care if you only make 30x returns instead of 6000x returns (cry me a river. seriously)
4> If you want 6000x returns, buy Dogecoin. Great coin. Many riches.
5> Buy Skycoin because you support the objectives of the project and want to be part of the community
6> All coins with a growing community will increase in value, but financial speculation does not create the community.
Now I'm sure that you are delusional. No one gives two shits about Skycoin. No one gives a flying fuck about your objectives and there won't be a community until you create one. How do you get people to care? Give them a chance to make money. If you don't allow people to get a stake, your coin will be good to no one. You won't get money for hopes and dreams. No one invests for objectives or community. If you want objectives and community, go join a fucking commune. People invest to get a return. If you can't offer that, you and your coin are useless. In fact, you are less than useless, you are a competitor stealing market share from potentially profitable coins. Thank you, but I will speak for myself and I am sure others prefer to do the same. Which part of 30x returns did you miss? If you want 6000x returns, go buy Dogecoin as already advised. In fact, you've made it abundantly clear that you give "two shits about Skycoin", so I am not going to waste time my time with you. Take your foul mouth elsewhere. We surely don't need the likes of you here. |
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I feel they definitely have something of value to offer and the 50BTC is really not something to write home about, especially if it gets spread thinly among many investors/advocates/supporters. I mean, if someone don't like it, they don't have to participate. In fact, I am glad the 50 BTC will only buy a 1% stake, because this will leave enough room for others to also participate further down the line. Can you imagine offering a 100% sake for 50BTC... how concentrated will that spread be and will it give others any incentive further down the line to participate? I think not.
I think the problem is the whole IPO model is what we are trying to get away from.
One person can NOT be trusted with $3,500,000 dollars.
But this is what you are thinking it is alright to do?
That is the initial valuation, 3.5 mill.
If the value goes up, you think its all right to trust some anonymous person with $10,000,000? how about $30,000,000?
if you answered yes to any of those questions you are delusional or willingly deceptive.
This man will control every single coin every generated. You will have to buy them from him.For those of you wondering HOW Skycoin is generated, it's not. The entire market cap will already exist at coin launch and the only way to get it is to buy it from the developers at the price that THEY set.
Tell me this is a great idea?
Please, someone try to explain to me why that's a safe idea?
Cryptocurrencies were created to avoid the monopolistic authoritarian process of federal banks and their centralized control on the populace. This is returning us to that state with a few new features.What do we want to control, $3.5m worth of Skycoin or $3.5m in fiat? If control over fiat is the issue, then we're clearly don't have the right mind set to make cryptocurrencies work. Anyhow, I didn't say it should be in control of one person... thinly spread means many folks benefit (at least in my book). Despite this, assuming in worst case scenario there is only one person and he makes 1% of Skycoin available at 50BTC, it is not that he will be sitting with $3.5m and we with nothing. For that to be true, you have to assume that what he will be selling is worthless. Anyhow, how do you get to one person and in almost the same sentence you give developers a mention? How many people are involved, one or more than one? Perhaps you could explain to me, especially given the fact that I am probably "delusional or willingly deceptive." "The entire market cap will already exist at coin launch and the only way to get it is to buy it from the developers at the price that THEY set." - How do you think companies list on stock exchanges or folks buy or invest in companies? You have the God given right to buy at the price set or not. There is nothing strange or unjust about it. Anyhow, what exactly do you propose in terms of fair distribution?
Your comments... don't relate to what I'm saying...I didn't say it should be in control of one person... thinly spread means many folks benefit Wtf are you talking about? One person, the developer, is going to be releasing the coins indefinitely. That is as "In control of one person" as you can get. The coins are not being distributed 100% at launch. They are going to be distributed solely by the developer, over time, forever.
You are willing to trust this one person with 99% of all the coins and just hope that he doesnt decide to run off with it?How do you think companies list on stock exchanges or folks buy or invest in companies? You have the God given right to buy at the price set or not. There is nothing strange or unjust about it. You are right, that wouldn't be strange or unjust... if we were buying these coins from a fucking stock exchange.
Again... thats not related, you are comparing this man holding and distributing all the coins to a company distributing stock on a regulated stock exchange? My god my brain... A stock exchange... ... recourse... ugh... liability.... identification... having a siezure! 
How can I put this simply? If you buy stock from a stock exchange, you can be 100% sure that person isn't going to steal the other 99% of the stock. Even if they were to do something illegal you could sue or they would be arrested. With Mr Skycoin here you have 0 recourse, 0 chance and 0 hope of ever seeing your money again.
I find the fact that you are so blindly promoting this coin suspicious.
This coin has promise, but the developer is smothering it.
If this is legit skycoin, you are letting your greed taint something that could potentially do a lot of good.
Stop making this coin about your personal gain.
You've missed all the points I wanted to make again, clearly failed to see how it fit in with the comments you left, set up straw man arguments which you use against me and make accusations against my person which have no basis in reality whatsoever. I think we're done here. |
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It is not much, but I've managed to convert 20,000,000 DimeCoin into 70.97984765 CGB. |
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I am trying to convert Dimecoin to CGB. Wish me luck.  P.S. I've earned the Dimecoin, never bought a single Dimecoin. It is time to move the Dimecoin into a store of value.  Nice one! Welcome aboard Thanks. |
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I am trying to convert Dimecoin to CGB. Wish me luck. P.S. I've earned the Dimecoin, never bought a single Dimecoin. It is time to move the Dimecoin into a store of value. |
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1> Skycoin is not a financial instrument or a get rich quick coin 2> Skycoin is not about the money. Dont buy Skycoin for financial reasons. 3> Skycoin does not care if you only make 30x returns instead of 6000x returns (cry me a river. seriously) 4> If you want 6000x returns, buy Dogecoin. Great coin. Many riches. 5> Buy Skycoin because you support the objectives of the project and want to be part of the community 6> All coins with a growing community will increase in value, but financial speculation does not create the community. Satoshi never intended for Bitcoin to be about the price. Also, 1. Skycoin development is being funded by the founders, not from the IPO 2. The IPO money is being used to buy Skycoin stickers. Many stickers. Great riches. 3. The IPO is a small initial distribution to the community and supporters 4. Speculators dont add anything to the project. Skycoin needs testers, developers, translators and other contributions. For marketing, you dont want to know. We received message from fashion magazine writing story about Skycoin, Dogecoin and the Darknet. I have a feeling that the whole altcoin space is going to go insane soon. ---- This is what is going on behind the scenes in the altcoin community 1. Developers are being offered 15k/month, 300 bitcoin and single digit percentage of new coins to work on altcoin projects 2. Massive number of hardware wallet companies. Every developer in space is receiving a new job offer every week 3. Many other coins are "pumping" coin with marketing campaigns, selling at peak and then causing panics and buying the coins back after the crash. 4. Powerful people in media are pushing particular coins 5. Celebrity endorsements of new coins 6. PeerCoin was bought up by trust fund babies NYC. They changed name from PPcoin to PeerCoin so it could be mainstreamed. Were paying models to walk around downtown Manhattan wearing PeerCoin tshirts. Massive professional marketing campaigns behind many of the newer coins. 7. If you start seeing Dogecoin on billboards, would not surprise me. 8. Viral video marketing campaigns for new coins ( ex. http://www.youtube.com/watch?v=DgYafqOLHg0 ) Skycoin marketing is highly targeted at influence groups and communities who need to know about Skycoin. The objective of Skycoin marketing is to build out the community and build awareness. Skycoin is not doing broad marketing aimed at public to "pump" prices to unsustainable levels. Skycoin will not be paying Lady Gaga to make a Skycoin music video. Marketing tactics designed to cause bubbles and bursts are great for speculators, day trading and people organizing the pumps, but conflict with Skycoin's objective of low volatility and stable price levels. Anyone expecting the Skycoin Lady Gaga music video pump should put their money in other coins. That's good to know. I am in. |
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Thanks. Much appreciated. |
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If I may ask, what is MadeSpark about?
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Where is the IPO ?
As far as I know it is still pretty much in the making. All the details have not been officially revealed yet. |
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If this is over value then there is no opportunity here. Very high risk at premium price. It does not make sense to invest here. Removing this in my watch list.
"Software Release Schedule:
The first Skycoin client will be released in January. White papers will be released as they are finished."
I have not seen the client yet.
Thanks for your opinion and thanks for moving on. Yeah, it is not good to miss deadlines, but I am sure you've never missed one.  |
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The bitcoins that are spent for the shares could be burned like counterparty did.
That way nobody gets all the money and you could argue that the value of the bitcoins is actually transferred to the skycoins
The workman is worthy of his pay. Would you like to put in a lot of hard work into something, then don't get paid or are forced to stand in the same line as others that didn't contribute one iota to its success this far? There is no need to destroy value in order to make ends meet. In fact, a lot of value is needed to make ends meet. The more, the better. Marketing for one costs money... so if you burn the Bitcoins spent, who exactly is going to cover marketing and other costs, especially considering that many will not accept Skycoin as a means of payment from day one? Marketing? What's the dev doing, running ads on the evening news? Please. Altcoins don't need direct marketing, a good community accomplishes all the marketing you need. If "running ads on the evening news" is the first thing that jumped to your mind, then I am glad you will not be running the Skycoin advertising campaign(s). I've also written "marketing for one", so I really hope you're not seeing it as the only cost component. The fact of the matter is that a bit of direct marketing can give word-of-mouth advertising a welcome boost. Word-of-mouth advertising can only work effectively up to a certain point within any group of people. Direct marketing can definitely help to get word out faster and to a larger audience. Given your previous statements, why are you so concerned about Skycoin? I mean, you've made yourself abundantly clear: "project has a very high chance of being an outright scam. If it isn't a scam, and we're just dealing with a megalomaniac dev, your potential earnings are so low as to be laughable for this level of risk. Stay away." It is clear to me that you have made your point. I strongly suggest you move along now if you have nothing constructive to place on the table. I mean, name calling and entertaining Aunt Sally are simply not going to cut it. |
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The bitcoins that are spent for the shares could be burned like counterparty did.
That way nobody gets all the money and you could argue that the value of the bitcoins is actually transferred to the skycoins
The workman is worthy of his pay. Would you like to put in a lot of hard work into something, then don't get paid or are forced to stand in the same line as others that didn't contribute one iota to its success this far? There is no need to destroy value in order to make ends meet. In fact, a lot of value is needed to make ends meet. The more, the better. Marketing for one costs money... so if you burn the Bitcoins spent, who exactly is going to cover marketing and other costs, especially considering that many will not accept Skycoin as a means of payment from day one? |
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