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21  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [START] StartCOIN 2.0 - The digital currency for crowdfunding on: February 08, 2015, 01:51:00 PM
Hello StartCoin community

What do you think about this one :

https://bitcointalk.org/index.php?topic=934548.0

?

BTW : I have just bought 941.293 START @3542sat

As notsofast stated it, and I quote:

OK, so you have a capital trading market which you've already established, or at least set up structurally even if no meaningful trade is happening there yet. I have to look into that yet to see how legitimate it is.

However your assignment of value is too much of a risk to any sane investor.

You've premined 65.7% of your coin's supply...

You're assigning a rate of 761.1 BTC per DIGI, assuming a price peg of 0.00131389 BTC per DIGI...

This attempts to assign a marketcap to DIGI of about $42 million USD. (This would put unproven DIGI at the 4th place for most valuable cryptocurrency, very closely behind LTC.)

It looks like you're trying to create a captive market at capitaldigi.com, in the assumption that the crypto-to-crypto trading against the DIGI there, plus the three total tradable capital assets I see in your ticker (dSTAMPLAY, dINAVENUE, dVEEQO). According to that ticker, your best bid/offer for DIGI in BTC is 1349 satoshi by 1355 satoshi, or about 1/100th of your proposed peg value.

So this is how it works, according to the "How To Begin" graphic on coindigi.org.

1. I register.

2. I deposit BTC. Let's say I deposit 10 BTC to you.

3. I exchange BTC to DIGI at your posted rate, giving me 7611 of your premined DIGI to play with.

4. Now I can buy virtualized shares on your exchange. Let's say I do some profitable trading, and I end up with 10000 DIGI.

5. This 5th step is "Have a profit". I want to take out my profits and original investment, so I sell my 10000 DIGI on your exchange for BTC and end up with 0.1349 BTC. On my original investment of 10BTC.

YOU certainly have a profit! I personally lost 99% of my investment the moment I bought your premine so I could trade on your marketplace.

No matter how fantastic your "crowdtrading" back end is, there is currently nothing to justify centimating (not just decimating) my BTC holdings just to trade there. If I 100x my DIGI investments on your exchange, I break even.

If this isn't how it works, then please enlighten us.

End quote.

Tbh, it has got scam written all over it
22  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Spark | X11 | PoW/PoS | BTer | Launched | UPDATED | Job Opportunities on: October 20, 2014, 10:06:33 PM
This wallet is confusing me. I don't seem to find (nor am I able to create?) my payment address so I can put in in my pool profile. Anyone can help me with this one?

Never had any problems finding or generating payment addresses for other coins/wallets.
Click on Send/Receive option then you ll see send window there, to find your receiving address check on top right hand side, you ll see receive option there and click  Grin

Loooooooooooooool Cheesy I feel so dumb right now  Grin

Thank you!!!  Wink
23  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Spark | X11 | PoW/PoS | BTer | Launched | UPDATED | Job Opportunities on: October 20, 2014, 10:00:10 PM
This wallet is confusing me. I don't seem to find (nor am I able to create?) my payment address so I can put in in my pool profile. Anyone can help me with this one?

Never had any problems finding or generating payment addresses for other coins/wallets.
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