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Author Topic: [ION] [IONOMY] Worthy successor to XPY - 100% premined - Garza would be proud  (Read 4959 times)
suchmoon
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November 07, 2016, 02:26:55 AM
 #1

After being warned by a mod that discussing links between altcoins may be off-topic in an altcoin announcement thread (weird but I don't make the rules) I have decided to start a separate thread with a more appropriate title and dedicated solely to the subject.

Brief history of the origins of ION/ionomy:

The current ionomy "team" is the same "team" that tried to resuscitate XPY for a year, during which time XPY went from ~$0.50 to ~$0.02. After having thoroughly failed with XPY the "team" created their own hyperinflating coin - ION (currently down ~50% since the ICO), rebranded "xpy.io" into "ionomy.com", and exchanged XPY to ION at an 8:1 rate. Here is the ionomy announcement:

http://archive.is/tuWVB

In addition to that, the main "features" of ION have been "borrowed" from XPY:

- 100% premine
- 100% inflation
- massive push to use a web wallet with "PNGs" and "skins"
- no real-life use 6+ months after the ICO
- militant shills
- "walled garden" communication methods
- refusal to provide any kind of transparency regarding ICO

More details can be found in this FAQ that I tried to compose over the last few months:

https://www.iontalk.net/t/bitcointalk-ion-faq/207

Announcement thread - abandoned by the "devs":

https://bitcointalk.org/index.php?topic=1443633.0

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ION: XPY successor
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November 07, 2016, 02:27:11 AM
 #2

Reserved.

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ION: XPY successor
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November 07, 2016, 02:54:27 AM
 #3

how nice for all the scammers and shitcoin producers that you cant link different coins from the same people

here is all the innovation they have made so far. Garza like png crap sold only for btc. obviously they dont want their own shitcoin because selling 0.0001 worth crashes the price. yobit avg daily volume is around 0.01





its worthy to note that ionomy pte doesnt exist according to ACRA (singaporean government). neither did xpy pte. spot the pattern!  Grin

Quote
This XPY Pte. Ltd.
ref: http://web.archive.org/web/20150813032326/http://www.xpy.io/privacy.pdf

Quote
by ionomy PTE(“we” or “us”)
ref: http://archive.is/iwdjM#selection-539.91-539.115



ref: tis.bizfile.gov.sg

current lie is that they have always operated under graval pte and it has been under rename since june but due to slowness of snail mail its still not done. graval is not in good standing anyway - last filings are from 2013





who is behind this beautiful shitcoin? there are a bunch of names but these are from the whitepaper

Quote
Adam Matlack
adam@ionomy.com

Michael Pfeiffer
michael@ionomy.com

Richard Nelson
richard@ionomy.com
ref: http://archive.is/4DhcO#selection-511.1-551.18

maybe you have seen some of these names before or maybe not. adam matlack was garzas childhood friend. there were 3 hyper inflating wallets called prime controllers that garza sold and 1 of them was matlacks

they bought the ion coin as a clone job. their only dev stated he received it as compressed file hence their github looks the way it does. currently there has been no dev work in 7 months  Grin

they have just recently hired part-time nav coin / sherlockcoin dev (most likely this person: soopy452000 https://bitcointalk.org/index.php?action=profile;u=158610).



Quote
XPY will have a fixed value of 8 to 1.
Customers who hold XPY will be able to purchase ION stakers at a ratio of 8 XPY to 1 ION.
Quote
All XPY used to purchase ION stakers in the ISO will be burned.
ref: http://archive.is/tuWVB#selection-987.0-991.90

they failed / lied and burned only part of them (5.5 mil burned - https://chainz.cryptoid.info/xpy/#@inflation). the shills are saying its more important they work on their new shitcoin than fulfill their obligations

they also gifted cryptsy a hyper inflating wallet. what a move.
Quote
The Paycoin Core Development Corporation announced that Cryptsy will be joining the Prime Node Management group with their acquisition of a Prime Controller on April 16, 2015
ref: http://web.archive.org/web/20150511104217/http://talk.paycoin.com/discussion/830/cryptsy-received-a-prime-node/
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November 07, 2016, 09:14:28 AM
 #4


maybe you have seen some of these names before or maybe not. adam matlack was garzas childhood friend. there were 3 hyper inflating wallets called prime controllers that garza sold and 1 of them was matlacks


Just curious, do you have a source you could point to for Matlack being Garza's childhood friend? I've seen that insinuated on bitcointalk a few times and I've never seen any evidence that was the case. I'm just trying to be balanced here, and from what I can see Matlack was simply another naive investor duped by Garza for a bunch of money who appears to have made some baffling decisions since then as the de facto community leader. I don't think he was ever friends per se with Garza -- but I'm open to being proven wrong, of course.

Quote

they also gifted cryptsy a hyper inflating wallet. what a move.
Quote
The Paycoin Core Development Corporation announced that Cryptsy will be joining the Prime Node Management group with their acquisition of a Prime Controller on April 16, 2015
ref: http://web.archive.org/web/20150511104217/http://talk.paycoin.com/discussion/830/cryptsy-received-a-prime-node/


Again, I think (and correct me if I'm wrong) that 'Team Paycoin', which later became XPY.io and then eventually Ionomy were (supposedly) a completely separate entity to 'The Paycoin Core Development Corporation'. The lack of action from the Core Dev team was cited as a reason for XPY.io to split off and form Ionomy, in fact. However, I notice that 'Grav' posted in that thread with a some vague insight into what the 'Core Dev' team were doing at the time, and I believe he's most likely the Singapore contact and owner of Graval PTE -- so that shows that there was at least at one point some co operation and communication between the groups.

Regardless, Ion apologists will point to the fact that 'Team Paycoin' i.e. Matlack and co technically didn't gift cryptsy the Prime. I'm by no means their biggest fan, but I think its important to stick to the heaps of issues they genuinely don't have easy retorts to, as you've already stated, like the frankly ridiculous ongoing problem with the company registration, or the fact that they're essentially shitting out free coins and offloading them through 'promotions' to their enraptured tens of fans for BTC they can easily cash out. I don't necessarily think they're corrupt, but it's abundantly obvious that neither the team running the project nor the main user base have learnt any lessons from XPY either under Garza or, more latterly, under the vague development offered by XPY.io.
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November 07, 2016, 01:16:59 PM
 #5

il try to find the evidence later today about matlack & garza. its possible that you are correct and the only connection is that they were both from texas (originally). its been so long since the stuff was posted in the huge gaw thread. i have a tingling that i saw an old picture of garzas grilling party with a bunch of friends and one of them looked identical to matlack except younger + short hair

thats what they claimed indeed. just as they claimed xpy/ionomy pte totally existed. from a legal point of view its certainly true as the core dev was for profit and the other non-profit. its highly unlikely they didnt agree on it as a group. heck the foundation ran the main github and matlack/foundation ended up owning 1 more pc than the xpy core devs. lets not forget that the pcs had voting power for the future of the coin. cryptsy pc and non-verified ones were non-voting


but yeah its not that important compared to all the current issues stated in suchmoons post + faq

the biggest concern is that none of the ionites saw anything wrong with the halloween 200% staker pngs. they actually celebrated it. what if the team decides the sale numbers were not good enough and they need additional funding by xmas. new pngs are born with an even higher rate or lower price to entice more sales. all the previous ion holders are losing value faster than they can say: what?

and whats up with this weird idea that 3rd party game devs will incorporate ions/electrons just to leverage the ion community of <100 people and pay a huge premium on every iap.... if they can even get around google / apple tos

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November 07, 2016, 03:59:04 PM
 #6


and whats up with this weird idea that 3rd party game devs will incorporate ions/electrons just to leverage the ion community of <100 people and pay a huge premium on every iap.... if they can even get around google / apple tos



Without sounding like a nitpicking arse, and with the greatest respect to you, I'm sure you realise that their business plan hinges on them getting enough users in to expand that currently rather threadbare community and make it desirable enough for 3rd party game devs to accept those terms. If they don't get the users into the community (and as I've said before, I just don't think they will -- the whole concept just seems a bit too clunky in my opinion for casual mobile gamers to truly engage in the ecosystem), it won't work. For all of their grandstanding and bravado, I'm sure MrCoins et al are aware of that.

With regards to the app stores -- they seem fairly confident that they've found a way around the TOS, so I guess we'll see what happens when they finally get round to making a first release.
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November 07, 2016, 05:51:30 PM
 #7

getting enough users

That's probably the most ridiculously underestimated part of ionomy "business plan". I've seen some shills enthusiastic posters mention numbers like 10k beta users for Gravity but no actual plan to get there or any reasonable estimate of ARPU. It looks like they're hoping the game will go "viral" on its own and all their problems will be solved.

Basically it's the Paycoin "business plan", except Google and Apple replaced Amazon and Target.

GAWSOME class action
(Homero Garza throws Stuart Fraser under the bus)
ION: XPY successor
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                 BitcoinTalk rules
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November 07, 2016, 06:01:14 PM
 #8


In addition to that, the main "features" of ION have been "borrowed" from XPY:

- 100% premine
- 100% inflation
- massive push to use a web wallet with "PNGs" and "skins"
- no real-life use 6+ months after the ICO
- militant shills
- "walled garden" communication methods
- refusal to provide any kind of transparency regarding ICO


Could you please provide some facts to support justification for your list of "borrowed features". Your list is just some random thoughts/statements that are not true...

ION is an innovative technology based on Masternodes and Gaming!!!
altheshort
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November 07, 2016, 06:54:24 PM
 #9

getting enough users

That's probably the most ridiculously underestimated part of ionomy "business plan". I've seen some shills enthusiastic posters mention numbers like 10k beta users for Gravity but no actual plan to get there or any reasonable estimate of ARPU. It looks like they're hoping the game will go "viral" on its own and all their problems will be solved.

Basically it's the Paycoin "business plan", except Google and Apple replaced Amazon and Target.

Oh yeah, I totally agree. To be honest I find it difficult to believe that there will be any 'external' users from outside the group who chat on slack (other than the kids of MrCoins and others) who would even have the faintest interest in beta testing the game. I certainly don't get the impression there is a large user group champing at the bit to get on the game.

To be honest, its like the majority of crypto projects in that it's half baked and appears poorly run, poorly communicated and overall poorly thought out.
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November 07, 2016, 07:03:51 PM
 #10


In addition to that, the main "features" of ION have been "borrowed" from XPY:

- 100% premine
- 100% inflation
- massive push to use a web wallet with "PNGs" and "skins"
- no real-life use 6+ months after the ICO
- militant shills
- "walled garden" communication methods
- refusal to provide any kind of transparency regarding ICO


Could you please provide some facts to support justification for your list of "borrowed features". Your list is just some random thoughts/statements that are not true...

ION is an innovative technology based on Masternodes and Gaming!!!

Masternodes were "borrowed" from XPY Prime Controllers. Gaming doesn't exist yet - the first game that was supposed to be released in June is currently still in alpha testing.

Which of my statements are not true?

100% premine is in the whitepaper.
100% inflation is in the whitepaper.

https://github.com/ionomy/ion/wiki/ION-Technical-Whitepaper

Example of a push to used "PNGs" has been posted above by kken01.
No real-life use - since I can't prove a negative it's up to you to provide a proof of real-life use.
Militant shills - this way: https://bitcointalk.org/index.php?topic=1443633.msg14764422#msg14764422
"walled garden" - the "team" is communicating only in the echo chamber that is their slack channel
ICO transparency - millions of coins unaccounted for: https://bitcointalk.org/index.php?topic=1443633.msg16554577#msg16554577


GAWSOME class action
(Homero Garza throws Stuart Fraser under the bus)
ION: XPY successor
                 Make sure to read

                 BitcoinTalk rules
          /s
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November 07, 2016, 08:00:17 PM
 #11

Gaming doesn't exist yet - the first game that was supposed to be released in June is currently still in alpha testing.

Only in your world does gaming not exists... I've been playing Gravity for over a month now and the MAJOR features of ION is Masternodes and Gaming...

Neither of these ION features came from XPY!!! and are off-topic in accordance to your thread title...

Garza has nothing to do with the implementation of these major functions and probability doesn't give a shit about ION or Ionomy

I will give you credit that both ION and XPY is a POS coin and that's about the only similarity...
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November 07, 2016, 08:10:04 PM
 #12

Gaming doesn't exist yet - the first game that was supposed to be released in June is currently still in alpha testing.

Only in your world does gaming not exists... I've been playing Gravity for over a month now and the MAJOR features of ION is Masternodes and Gaming...

Neither of these ION features came from XPY!!! and are off-topic in accordance to your thread title...

Garza has nothing to do with the implementation of these major functions and probability doesn't give a shit about ION or Ionomy

I will give you credit that both ION and XPY is a POS coin and that's about the only similarity...

Where can I download Gravity? Your access to an alpha version of the game doesn't invalidate the fact that the game doesn't exist for anyone outside of the small group of large bagholders.

XPY had hyperinflating wallets too, called Prime Controllers. Get your facts straight sharkie.

Edit: you still haven't substantiated your ridiculous claim:

Your list is just some random thoughts/statements that are not true...

Which of my statements are not true?

The fact that you can make up some "features" that are slightly different from XPY doesn't make the other facts false. Garza "had" Amazon and Target and credit cards, ionomy "has" Google and Apple and mobile gaming... same shit, different buzzwords.

GAWSOME class action
(Homero Garza throws Stuart Fraser under the bus)
ION: XPY successor
                 Make sure to read

                 BitcoinTalk rules
          /s
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November 07, 2016, 08:24:54 PM
 #13

Gaming doesn't exist yet - the first game that was supposed to be released in June is currently still in alpha testing.

Only in your world does gaming not exists... I've been playing Gravity for over a month now and the MAJOR features of ION is Masternodes and Gaming...

Neither of these ION features came from XPY!!! and are off-topic in accordance to your thread title...

Garza has nothing to do with the implementation of these major functions and probability doesn't give a shit about ION or Ionomy

I will give you credit that both ION and XPY is a POS coin and that's about the only similarity...

Where can I download Gravity? Your access to an alpha version of the game doesn't invalidate the fact that the game doesn't exist for anyone outside of the small group of large bagholders.

XPY had hyperinflating wallets too, called Prime Controllers. Get your facts straight sharkie.

Edit: you still haven't substantiated your ridiculous claim:

Your list is just some random thoughts/statements that are not true...

Which of my statements are not true?


XPY evolved from Peercoin

ION evolved from DASH / Blackcoin

Long answer = read the whitepaper

What bit of XPY is in ION Huh don't ignore this question answer it I'd really like to know


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November 07, 2016, 08:26:55 PM
 #14

Sharkie, quoting some unrelated post is not an answer. You claimed my statements are not true. Which statements in particular are not true? Use your own words.

GAWSOME class action
(Homero Garza throws Stuart Fraser under the bus)
ION: XPY successor
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November 07, 2016, 11:50:40 PM
 #15


In addition to that, the main "features" of ION have been "borrowed" from XPY:

- 100% premine
- 100% inflation
- massive push to use a web wallet with "PNGs" and "skins"
- no real-life use 6+ months after the ICO
- militant shills
- "walled garden" communication methods
- refusal to provide any kind of transparency regarding ICO


Could you please provide some facts to support justification for your list of "borrowed features". Your list is just some random thoughts/statements that are not true...

ION is an innovative technology based on Masternodes and Gaming!!!

can you please provide some "facts" as to why one should invest when you said any sane investor would check quarterly and yearly financials of which ionomy/graval have none. you dont have a right to ask for facts when you wont back your statements up. answer this please.
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November 08, 2016, 12:19:53 AM
 #16

Hello ionomy,

 The U.S. election is looming over the earth like a giant meteor. So why not have some fun?

ionomy votes starts now!

 Starting today, ionomy will be offering limited edition skins featuring the two candidates for the United States Presidency. Purchase one (or both) and receive a Hillary Clinton or Donald Trump skin to boost your stake rates.

 The skin will apply a boost of 7.5% on top of the base rate of your staker. (a 40% staker will become a 47.5% staker). The WINNER of the election will see their skin boost to a 15% bonus, which means an additional 30% stake rate when electrons are applied!

More PNGs... Gara style!!!!
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November 08, 2016, 12:52:23 AM
 #17

Hello ionomy,

 The U.S. election is looming over the earth like a giant meteor. So why not have some fun?

ionomy votes starts now!

 Starting today, ionomy will be offering limited edition skins featuring the two candidates for the United States Presidency. Purchase one (or both) and receive a Hillary Clinton or Donald Trump skin to boost your stake rates.

 The skin will apply a boost of 7.5% on top of the base rate of your staker. (a 40% staker will become a 47.5% staker). The WINNER of the election will see their skin boost to a 15% bonus, which means an additional 30% stake rate when electrons are applied!

More PNGs... Gara style!!!!

You forgot to mention... BTC only (or some "points", which apparently don't exist yet). The team must be really desperate for cash. "Promotions" every other day.



Edit: and yes, Shark can't count to three. A prime example of the type of bagholder Garza cultivated and ionomy inherited.

GAWSOME class action
(Homero Garza throws Stuart Fraser under the bus)
ION: XPY successor
                 Make sure to read

                 BitcoinTalk rules
          /s
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November 08, 2016, 01:25:29 AM
 #18

Gaming doesn't exist yet - the first game that was supposed to be released in June is currently still in alpha testing.

Only in your world does gaming not exists... I've been playing Gravity for over a month now and the MAJOR features of ION is Masternodes and Gaming...

Neither of these ION features came from XPY!!! and are off-topic in accordance to your thread title...

Garza has nothing to do with the implementation of these major functions and probability doesn't give a shit about ION or Ionomy

I will give you credit that both ION and XPY is a POS coin and that's about the only similarity...

Where can I download Gravity? Your access to an alpha version of the game doesn't invalidate the fact that the game doesn't exist for anyone outside of the small group of large bagholders.

XPY had hyperinflating wallets too, called Prime Controllers. Get your facts straight sharkie.

Edit: you still haven't substantiated your ridiculous claim:

Your list is just some random thoughts/statements that are not true...

Which of my statements are not true?

The fact that you can make up some "features" that are slightly different from XPY doesn't make the other facts false. Garza "had" Amazon and Target and credit cards, ionomy "has" Google and Apple and mobile gaming... same shit, different buzzwords.

So Garzas "buzzwords" were imagination. Ionomys is far from it. I downloaded the game on ios. Just because you cannot download the game does not mean it does not exist. That statement works both ways,im also pretty sure that does invalidate your statement.

Lots of coins have Masternodes running on their chain (Diamond,Dash,and Paycoin) Again why is it only a problem when a coin you dont like implements it? All Proof of stake coins have the same "features" as XPY so proving otherwise would obviously be a waste of time.
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November 08, 2016, 01:37:03 AM
 #19

So Garzas "buzzwords" were imagination. Ionomys is far from it. I downloaded the game on ios. Just because you cannot download the game does not mean it does not exist. That statement works both ways,im also pretty sure that does invalidate your statement.

Lots of coins have Masternodes running on their chain (Diamond,Dash,and Paycoin) Again why is it only a problem when a coin you dont like implements it? All Proof of stake coins have the same "features" as XPY so proving otherwise would obviously be a waste of time.

Yeah right. "Gaming" that can only be used by a small group of bagholders is pointless as an example of "innovation". Not "all proof of stake coins" have hyperinflating "nodes" that do nothing of value but poop out worthless coins.

But that's not even the subject here. Sharkie brought up "masternodes" and "gaming", not me. I listed "features" that are clearly similar to XPY's "features" and equally useless as well. Anything on that subject? Thought so.

GAWSOME class action
(Homero Garza throws Stuart Fraser under the bus)
ION: XPY successor
                 Make sure to read

                 BitcoinTalk rules
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November 08, 2016, 02:24:56 AM
 #20

This is a joke right?

You literally would need a negative iq to buy into this shit... :3

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