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WildShark
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November 19, 2016, 12:19:24 AM |
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They're hoping to be able to say "See, you should have trusted us". And it's great if they are able to do that. But it's a fucking crypto project and they're meant to be trustless with public, transparent, verifiable information. It's so centralized, they control all said information.
Today I asked about the release date of Gravity on the Ionomy Slack. The drunk fools didn't give me a single answer that made sense. They think they're funny though. Assholes.
It's a complete waste of time to go there. Ionomy can't be taken serious. These people are nuts.
It doesn't look like they're expecting outside interest in the coin or the "platform"... therefore no real attempt to address any questions.   |
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korvas128
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November 19, 2016, 12:21:28 AM |
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tl;dr
Was ionomy taken over? since the dev wasnt online since august
Nope since IONOMY started it's been the same devs with an injection of additional resources  |
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WildShark
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November 19, 2016, 12:26:59 AM
Last edit: November 19, 2016, 01:20:45 AM by WildShark |
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The buying part I get. How do you mine an alt coin using the Ionomy wallet? Set your payout addy for the mining to the corresponding coin address generated on your Ionomy account.  One of the good programs to mine alt. coins with is Minergate https://minergate.com/downloads/guiDoes this only accept the respective alt coin to convert to ION or is each alt an actual wallet that can provide outgoing transactions and well as accept them? It is only a deposit wallet used for converting to IONs for each of the supported coin types What exchange are they using for the exchange rate?  or you can use suchmoon's unbiased "right" answer cause the "team" is not transparent: Where are those IONs coming from? Sharkie still pretending no to be concerned at all that the "team" is dumping the premine in increasingly elaborate ways?
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WildShark
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November 19, 2016, 01:23:25 AM |
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The buying part I get. How do you mine an alt coin using the Ionomy wallet? Set your payout addy for the mining to the corresponding coin address generated on your Ionomy account. One of the good programs to mine alt. coins with is Minergate https://minergate.com/downloads/guiDoes this only accept the respective alt coin to convert to ION or is each alt an actual wallet that can provide outgoing transactions and well as accept them? It is only a deposit wallet used for converting to IONs for each of the supported coin types What exchange are they using for the exchange rate? or you can use suchmoon's unbiased "right" answer cause the "team" is not transparent: Where are those IONs coming from? Sharkie still pretending no to be concerned at all that the "team" is dumping the premine in increasingly elaborate ways?
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CryptoBuds
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HODL
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November 19, 2016, 01:32:45 AM |
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The buying part I get. How do you mine an alt coin using the Ionomy wallet? Set your payout addy for the mining to the corresponding coin address generated on your Ionomy account. One of the good programs to mine alt. coins with is Minergate https://minergate.com/downloads/guiDoes this only accept the respective alt coin to convert to ION or is each alt an actual wallet that can provide outgoing transactions and well as accept them? It is only a deposit wallet used for converting to IONs for each of the supported coin types What exchange are they using for the exchange rate? or you can use suchmoon's unbiased "right" answer cause the "team" is not transparent: Where are those IONs coming from? Sharkie still pretending no to be concerned at all that the "team" is dumping the premine in increasingly elaborate ways?
My apologies, let me rephrase my question. First off, I never mentioned or brought up suchmoon in this dialogue, so please don't drag him in as an argument aid. Anyway, what I really meant was what exchange is being used to give the alt coins their value? Why is 1 ETH worth 80 ION? Where did that value for ETH come from? That's what I meant initially, could have worded it better. My apologies again. |
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suchmoon
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November 19, 2016, 01:37:13 AM |
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What exchange are they using for the exchange rate?
or you can use suchmoon's unbiased "right" answer cause the "team" is not transparent: Where are those IONs coming from? Sharkie still pretending no to be concerned at all that the "team" is dumping the premine in increasingly elaborate ways?
Do you ever read anything? First, this doesn't answer the question regarding exchange rates. Second, it doesn't answer the question where the IONs are coming from either. They sell the IONs, then (maybe) use the proceeds to place an order, which may or may not be filled. But nice try. LOL you didn't see this coming did you..... I'm full of shit hahaha bottomline this is an additional feature that is there if you want to use it...... more stuff incoming.... don't bother asking just continue to watch & troll  I'm pretty sure that anyone except whaleshills could see another "crowdfunding" attempt coming. |
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WildShark
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November 19, 2016, 01:49:12 AM |
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The buying part I get. How do you mine an alt coin using the Ionomy wallet? Set your payout addy for the mining to the corresponding coin address generated on your Ionomy account. One of the good programs to mine alt. coins with is Minergate https://minergate.com/downloads/guiDoes this only accept the respective alt coin to convert to ION or is each alt an actual wallet that can provide outgoing transactions and well as accept them? It is only a deposit wallet used for converting to IONs for each of the supported coin types What exchange are they using for the exchange rate? or you can use suchmoon's unbiased "right" answer cause the "team" is not transparent: Where are those IONs coming from? Sharkie still pretending no to be concerned at all that the "team" is dumping the premine in increasingly elaborate ways?
My apologies, let me rephrase my question. First off, I never mentioned or brought up suchmoon in this dialogue, so please don't drag him in as an argument aid. Anyway, what I really meant was what exchange is being used to give the alt coins their value? Why is 1 ETH worth 80 ION? Where did that value for ETH come from? That's what I meant initially, could have worded it better. My apologies again. The value of the alt coin is determined from shapeshift. The value for the ION is determined by above procedure described by Huey... i see shapeshift also adjust the min amount too |
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suchmoon
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November 19, 2016, 01:55:47 AM |
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from shapeshift
i see they also adjust the min amount too
So that's how Shapeshift is "working" with ionomy - they're using Shapeshift's API? That's so innovative I'm speechless. |
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WildShark
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November 19, 2016, 02:07:20 AM |
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from shapeshift
i see they also adjust the min amount too
So that's how Shapeshift is "working" with ionomy - they're using Shapeshift's API? That's so innovative I'm speechless. @suchmoon Glad to see you agree that Ionomy is providing another service to the Crypto community in making it easy to buy IONs... and to auto buy IONs when mining Alt. coins...Join the Ionomy today and get in on the ION action.... https://ionomy.com/ |
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o0o0
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November 19, 2016, 02:14:08 AM |
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Where are those IONs coming from? The coins are coming from a buy off the exchange for IONs... this will cause a buy pressure on IONs!!! This new function permits crypto users to buy IONs without shopping at the exchanges... Really? Which exchange? Your link doesn't work BTW. Redirects to ionomy home page. Whales-only alpha version? Dumping ION = Offering a service in which you can exchange other altcoins for ION. With fixed addresses you could even point your old miners at it and instant ion conversion.
This is an additional service you silly troll, one which people not all will appreciate.
Looking at the screenshot wild posted the coin's supported look kinda shapeshifty. Could it be that shapeshift are working with ION team.. For those that don't know Shapeshift were a company that refused to work with GAW/Garza.
Your right about one thing though this is no big deal it's just a small feature release the best is yet to come Grin
Yeah right  Let's see what's more likely: 1) Shapeshift "working" with a coin that has no trading volume to speak of or 2) ionomy ripping off Shapeshift's "look and feel" Seeing that ION is not listed on Shapeshift site I'd say you're full of shit again. Shapeshift aren't working with the ion team. The ion team is using the skeleton api https://info.shapeshift.io/tools/skeletonThis is purely an api that can be integrated into a site allowing the use of shapeshift to transfer altcoins into btc that they use to transfer on their exchange. The exchange is also run by the same team with a premine so there is absolutely no way of seeing transparency to ensure that their own orders aren't bumped up behind the scenes. Its a prebuilt mechanism allowing them to now take altcoin translated. Its honestly while a good service from shapeshift not one people should consider in big volumes. Shapeshift take a cut on the automated translation sales. You are better selling your own alt coins on polo and bittrex then taking the btc. |
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WildShark
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November 19, 2016, 02:14:28 AM |
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Isn't this just a way they can dump their endless ION supply for currencies that they can convert into btc then cash out, can't believe anyone is stupid enough to think this is a good thing
The smart person would see that this is a service provided by Ionomy to put "buy pressure" on the exchange for ION... This also is another option to crypto users to convert their alt coin to IONs without the bothers of using a "direct" exchange... |
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suchmoon
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November 19, 2016, 02:16:11 AM |
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from shapeshift
i see they also adjust the min amount too
So that's how Shapeshift is "working" with ionomy - they're using Shapeshift's API? That's so innovative I'm speechless. @suchmoon Glad to see you agree that Ionomy is providing another service to the Ionomy community in making it easy to buy IONs... and auto buy IONs when mining Alt. coins...Join the Ionomy today and get in on the action.... https://ionomy.com/LOL, yeah sharkie, keep trying to put words into my mouth. I don't think the problem with ION is that it's not easy enough to buy it. Isn't this just a way they can dump their endless ION supply for currencies that they can convert into btc then cash out, can't believe anyone is stupid enough to think this is a good thing
Exactly. There is no reason why someone couldn't dump the alts via Shapeshift directly and use the BTC to buy ION if they're so inclined. This "service to the Ionomy community" is routing the BTC to the "team" instead. The smart person would see that this is a service provided by Ionomy to put buy pressure on the exchange for ION...
It does no such thing. The only "pressure" could come from demand that would have to increase faster than the rate of inflation. So far we are seeing "features" only on the supply side. Selling stakers for BTC, selling skins for BTC, selling IONs for alts converted to BTC. |
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o0o0
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November 19, 2016, 02:21:01 AM |
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It doesn't also automatically convert from shapeshifts alts to ion.
Something important here for korvas. Shapeshift refused to work with garza actually meant shapeshift refused to add paycoin (xpy) as a conversion pair in their site. The use of the shapeshift skeleton api does not mean shapeshift is working with any api user. Coins as conversion pairs are ones shapeshift supports but not necessarily work with. Ion is not on the conversion pairs at this point.
The ionomy exchange uses shapeshift skeleton api to convert from alts to btc then they do their btc to ion conversion. Its also an opportunity for the ion exchange to add their own fees in as well as there is no showing of the calculation in that service. I still suggest everyone converts their alts to btc themselves from a direct exchange. Its a convenience factor for small translations and should not be used as a large conversion constant service due to the fees that rack up.
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o0o0
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November 19, 2016, 02:23:38 AM |
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Isn't this just a way they can dump their endless ION supply for currencies that they can convert into btc then cash out, can't believe anyone is stupid enough to think this is a good thing
The smart person would see that this is a service provided by Ionomy to put "buy pressure" on the exchange for ION... This also is another option to crypto users to convert their alt coin to IONs without the bothers of using an exchange... Does this mean that without this extra buy pressure ions can't sell on their own merit? Also why would people want to get ion in this way due it not being used in games... wouldn't they rather non blockchain electrons and atoms? Lastly do you still recommend all investors that are sane check quarterly and yearly financials as you previously stated that ionomy do not have registered under graval or ionomy pte? Just curious... quoted you and put it here again because i know you respond to question and queries so must have just missed the last 5 times i asked it in an honest mistake considering you ask others to back their statements up... thoughts? |
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WildShark
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November 19, 2016, 02:30:45 AM
Last edit: November 19, 2016, 02:53:30 AM by WildShark |
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Isn't this just a way they can dump their endless ION supply for currencies that they can convert into btc then cash out, can't believe anyone is stupid enough to think this is a good thing
The smart person would see that this is a service provided by Ionomy to put "buy pressure" on the exchange for ION... This also is another option to crypto users to convert their alt coin to IONs without the bothers of using a "direct" exchange... Does this mean that without this extra buy pressure ions can't sell on their own merit? This is just an Ionomy service to help crypto users convert alt coins to IONs. The extra buy pressure is just the benefit generated from using this service. No one is forcing you to buy your IONs this way... Ionomy is not a non-profit organization and does charge a fee for this SERVICE... Another benefit is a no hassle (automate) your alt coin mining to buying IONs...  |
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suchmoon
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https://bpip.org
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November 19, 2016, 02:53:55 AM |
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Isn't this just a way they can dump their endless ION supply for currencies that they can convert into btc then cash out, can't believe anyone is stupid enough to think this is a good thing
The smart person would see that this is a service provided by Ionomy to put "buy pressure" on the exchange for ION... This also is another option to crypto users to convert their alt coin to IONs without the bothers of using a "direct" exchange... Does this mean that without this extra buy pressure ions can't sell on their own merit? This is just an Ionomy service to help crypto users convert alt coins to IONs. The extra buy pressure is just the benefit generated from using this service. No one is forcing you to buy your IONs this way... Ionomy is not a non-profit organization and does charge a fee for this SERVICE... Another benefit is a no hassle (automate) your alt coin mining to buying IONs... Ok sharkie, let's think this through together. It's easy, I promise - no hard math or anything like that. A) buying ION using alts - the old-fashioned way B) buying ION using alts - the new way A and B both require a person who wants ION. In A) the person dumps the alts in any way they see fit, and uses the BTC to buy IONs on the exchange with likely positive impact on demand/price. In B) the person dumps the alts via ionomy, which gets the BTC. Then ionomy may place an order on the exchange, which may or may not get filled. If it's filled then ionomy gets a 15% cut if I understand it correctly. So there might be positive impact, but even if there is one then it would be at a lower price than A). Doesn't look like B) provides any benefit compared to A). Has the price been moving up since this "service" was introduced? |
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WildShark
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November 19, 2016, 03:02:52 AM
Last edit: November 19, 2016, 03:21:48 AM by WildShark |
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Isn't this just a way they can dump their endless ION supply for currencies that they can convert into btc then cash out, can't believe anyone is stupid enough to think this is a good thing
The smart person would see that this is a service provided by Ionomy to put "buy pressure" on the exchange for ION... This also is another option to crypto users to convert their alt coin to IONs without the bothers of using a "direct" exchange... Does this mean that without this extra buy pressure ions can't sell on their own merit? This is just an Ionomy service to help crypto users convert alt coins to IONs. The extra buy pressure is just the benefit generated from using this service. No one is forcing you to buy your IONs this way... Ionomy is not a non-profit organization and does charge a fee for this SERVICE... Another benefit is a no hassle (automate) your alt coin mining to buying IONs... Ok sharkie, let's think this through together. It's easy, I promise - no hard math or anything like that. A) buying ION using alts - the old-fashioned way B) buying ION using alts - the new way A and B both require a person who wants ION. In A) the person dumps the alts in any way they see fit, and uses the BTC to buy IONs on the exchange with likely positive impact on demand/price. In B) the person dumps the alts via ionomy, which gets the BTC. Then ionomy may place an order on the exchange, which may or may not get filled. If it's filled then ionomy gets a 15% cut if I understand it correctly. So there might be positive impact, but even if there is one then it would be at a lower price than A). Doesn't look like B) provides any benefit compared to A). Has the price been moving up since this "service" was introduced? You forgot to add that in A) you pay exchange fees to the "direct" exchange. Why are you so hell bent that Ionomy should not get those fees if they are providing the SERVICE? In B) the process can be automated and the investor doesn't have to spend any of his/her valuable time playing the market or maintaining/updating an alt. coin & Bitcoin wallet on their computer... In some people's book, time is MONEY... |
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suchmoon
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November 19, 2016, 03:16:21 AM |
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You forgot to add that in A) you pay exchange fees to the "direct" exchange. Why are you so hell bent that Ionomy should not get those fees if they are providing the SERVICE? In B) the process can be automated and the investor doesn't have to spend any of his/her valuable time playing the market or maintaining an alt. coin wallet... In some people's book, time is MONEY...
You pay fees via Shapeshift API too, plus ionomy margin on top of it. The fees would likely be higher in B). There is no "playing the market" unless you want to. You can dump alts on Shapeshift just the same. There is no "maintaining an alt. coin wallet" unless you want to, and that applies equally to A) and B). The subject however was the "buy pressure". Why are you deflecting again? How is B) creating "buy pressure" that would be better than "buy pressure" in A) ? It looks to be worse actually, because the "15% lower" order might not get filled. And with ionomy's awesome transparency you won't ever know what happened to it. |
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WildShark
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November 19, 2016, 03:26:30 AM
Last edit: November 19, 2016, 04:08:43 AM by WildShark |
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You forgot to add that in A) you pay exchange fees to the "direct" exchange. Why are you so hell bent that Ionomy should not get those fees if they are providing the SERVICE? In B) the process can be automated and the investor doesn't have to spend any of his/her valuable time playing the market or maintaining an alt. coin wallet... In some people's book, time is MONEY...
You pay fees via Shapeshift API too, plus ionomy margin on top of it. The fees would likely be higher in B). There is no "playing the market" unless you want to. You can dump alts on Shapeshift just the same. There is no "maintaining an alt. coin wallet" unless you want to, and that applies equally to A) and B). Doesn't look like B) provides any benefit compared to A). You are incorrect that in B) you don't have to maintain an alt & Bitcoin wallet as in A). You also automate the process for mining and free yourself from monitoring and playing the market. This kind a of saves you a lot of time (money).. A new user to crypto and alt mining would go with b) and would not have so many issues/problems... I recommend that if you are new at alt mining, download the Minergate program ( https://minergate.com/downloads/gui) and point your payout address to Ionomy's deposit wallet and watch the IONs start stacking up... It's so easy!!! Join the Ionomy today @ https://ionomy.com and make some "free" ION coins... |
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suchmoon
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November 19, 2016, 04:04:38 AM |
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You forgot to add that in A) you pay exchange fees to the "direct" exchange. Why are you so hell bent that Ionomy should not get those fees if they are providing the SERVICE? In B) the process can be automated and the investor doesn't have to spend any of his/her valuable time playing the market or maintaining an alt. coin wallet... In some people's book, time is MONEY...
You pay fees via Shapeshift API too, plus ionomy margin on top of it. The fees would likely be higher in B). There is no "playing the market" unless you want to. You can dump alts on Shapeshift just the same. There is no "maintaining an alt. coin wallet" unless you want to, and that applies equally to A) and B). Doesn't look like B) provides any benefit compared to A). You are incorrect that in B) you don't have to maintain an alt & Bitcoin wallet as in A). You also automate the process for mining and free yourself from monitoring and playing the market. This kind a of saves you a lot of time (money).. A new user to crypto and alt mining would go with b) and would not have so many problems... I recommend that if you are new at alt mining, download the Minergate program ( https://minergate.com/downloads/gui) and point your payout address to Ionomy's deposit wallet and watch the IONs start stacking up... It's so easy!!! Join the Ionomy today @ https://ionomy.com and make some "free" ION coins... Sharkie, you can do the same thing as B) does - e.g. by using Shapeshift directly. Ionomy doesn't magically allow you to avoid having a wallet. You can mine to a Shapeshift or an exchange address as long as you adhere to minimum amount requirements etc. So no "benefit" here. And you still haven't explained this: The extra buy pressure is just the benefit generated from using this service.
How is B) a "benefit" compared to A) with regards to "buy pressure"? |
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