MoveCrypto
Sr. Member
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Activity: 364
Merit: 250
move that crypto
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April 07, 2017, 04:52:44 AM |
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Again, personal attacks because I pointed out that your dividends vs. buyback argument is baseless for one simple reason:
The same amount of profit gets distributed to ICN holders either way. It's the profit itself that gives ICN value, not the distribution mechanism.
I believe I have correctly assessed that you are incapable of addressing the points that have been made. If you wish to take that personally, so be it. I already addressed them but you go around in circles and put the focus on me to try to distract from this simple fact: It's the profit itself that gives ICN tokens value, not the distribution mechanism. And I explained why that won't work the way you seem to think it will. Profit via buybacks = obvious token of value Theoretical profit via dividends when we potentially hold no rights/perks = a whole lot of variables/concerns which you can't address Again, please pass this on to the team. I've saved the page, in case anybody deletes any part of the discussion. It's been an interesting discussion, though, and I hope to see an official word which will clear up the things we've discussed here. It's the same amount of profit distributed either way. The biggest difference is a psychological/marketing change that could effect the price of the tokens themselves. |
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puremage111
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April 07, 2017, 04:55:48 AM |
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Iconomi is getting listed on Shapeshift soon.
Seems to be a good move as soon as it added to most of the good exchange, it will has a good price rising |
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Mendeleev
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April 07, 2017, 04:58:16 AM |
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It's the same amount of profit distributed either way. The biggest difference is a psychological/marketing change that could effect the price of the tokens themselves.
Oh look, you switched the words again. How clever. Again, I look forward to an official response from the team. I can't wait. |
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xtyling
Sr. Member
Offline
Activity: 588
Merit: 250
Crypto is Life!
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April 07, 2017, 05:18:10 AM |
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stormia
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April 07, 2017, 05:23:25 AM
Last edit: April 07, 2017, 05:40:31 AM by stormia |
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Again, personal attacks because I pointed out that your dividends vs. buyback argument is baseless for one simple reason:
The same amount of profit gets distributed to ICN holders either way. It's the profit itself that gives ICN value, not the distribution mechanism.
I believe I have correctly assessed that you are incapable of addressing the points that have been made. If you wish to take that personally, so be it. I already addressed them but you go around in circles and put the focus on me to try to distract from this simple fact: It's the profit itself that gives ICN tokens value, not the distribution mechanism. And I explained why that won't work the way you seem to think it will. Profit via dividends = obvious token of value Theoretical profit via buyback when we potentially hold no rights/perks = a whole lot of variables/concerns which you can't address Again, please pass this on to the team. I've saved the page, in case anybody deletes any part of the discussion. It's been an interesting discussion, though, and I hope to see an official word which will clear up the things we've discussed here. How are the profits from dividends any less "theoretical" than profits from the buybacks? They could suddenly choose not to send out dividends in the same exact fashion they could suddenly choose to not perform the buybacks. The dividends were never going to be fully automated, it's not possible. Neither system is trustless. The same risks apply, in both situations you have to trust the team to do what they say. If you're concerned about market fluctuations affecting the amount of profit realized (in terms of fiat or BTC) by the individual with buybacks, the same concerns apply to dividends. The ETH market could crash right after they buy up the ETH and send it out as dividends in the same manner the ICN market could crash right when you go to sell the fraction of your ICN holdings needed to realize profit from the burn. |
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aman777
Newbie
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Activity: 2
Merit: 0
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April 07, 2017, 05:29:05 AM |
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Iconomi Coming To Shapeshift just got a screen shot from shapshift  http://prntscr.com/etg4of |
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xtyling
Sr. Member
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Activity: 588
Merit: 250
Crypto is Life!
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April 07, 2017, 05:37:08 AM |
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Yes it is confirmed on slack too. We mooning, get ready and be in for the ship! |
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aman777
Newbie
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Activity: 2
Merit: 0
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April 07, 2017, 05:58:33 AM |
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Yes it is confirmed on slack too. We mooning, get ready and be in for the ship! after Announce from shapeshift than Iconomi will be coming on Bittrex or polo SooN |
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stormia
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April 07, 2017, 06:44:03 AM |
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Nobody gives a damn what you think 435613422 you are a nameless, reputationless, sockpuppet account made for the sole purpose of trolling and shilling. You've been around since 2013 but you have 4 posts amd 3 activity lmao. Take your fake account and fake concern elsewhere or come back with your real account if you want to be treated like a real person with sincere concerns.
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Daparski
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April 07, 2017, 07:34:33 AM
Last edit: April 07, 2017, 09:28:59 AM by Daparski |
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Again, personal attacks because I pointed out that your dividends vs. buyback argument is baseless for one simple reason:
The same amount of profit gets distributed to ICN holders either way. It's the profit itself that gives ICN value, not the distribution mechanism.
I believe I have correctly assessed that you are incapable of addressing the points that have been made. If you wish to take that personally, so be it. I already addressed them but you go around in circles and put the focus on me to try to distract from this simple fact: It's the profit itself that gives ICN tokens value, not the distribution mechanism. Uncle Mendeleev works hard, but seems like circling around. ICN value will always be based on usage of the platform services. Currently these services are ICNP 10M USD going into ICOs, ICNX, and the DAMP later on this year. That's the value. The more value Iconomi has, the more profits it will generate. The price is a combination of the value, future expectations and speculations. Most "arguments" that add to that are just a noise. If the product is not good, people will not use it. If people won't use the product, the company will be worthless. That goes for every company, whether it has shares, stocks, apptokens, pays dividends or does periodical buybacks. Take Facebook, Skype, Twitter or any other successful company as an example. Most of them don't even pay dividends, Skype was loosing money for a long time before acquired by MS. Why would Microsoft pay a lot of money to buy a company that is in the red? One single reason - its userbase. The same fundamental reason applies for every company and service provider - if the service you are building will be used by people, you, as a company will succeed. |
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Vyrez
Newbie
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Activity: 14
Merit: 0
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April 07, 2017, 07:35:38 AM |
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I can't believe FUD has so much effect. 10% down in 24hrs just from fudding! Are people so easily affected? This is crypto, you should have been prepared for that.
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MoveCrypto
Sr. Member
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Activity: 364
Merit: 250
move that crypto
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April 07, 2017, 07:52:04 AM |
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I can't believe FUD has so much effect. 10% down in 24hrs just from fudding! Are people so easily affected? This is crypto, you should have been prepared for that.
correlation =/= causation 81 of the top 100 market cap are red % 24h btc right now. People sell because they want to take profit, need liquidity, or simply because BTC goes up and they know they can sell then buy back cheaper. People think their fud drops the price, when really it has no effect except maybe to spread a bad reputation for Iconomi and repel some new investors/users. |
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winterrose
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April 07, 2017, 09:03:56 AM |
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Iconomi moving in the right direction. Very soon we can see fly to the moon  |
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Wapinter
Legendary
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Activity: 2632
Merit: 1026
Hire me for Bounty Management
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April 07, 2017, 10:48:20 AM |
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Yes it is confirmed on slack too. We mooning, get ready and be in for the ship! What of the benefits of integrating platform with shapeshift?I do not think it will have any positive effect on ICN price. The real positive effect will happen when platform is open for ICO holders. |
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Mendeleev
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April 07, 2017, 10:56:40 AM |
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Uncle Mendeleev works hard, but seems like circling around.
Haha. Cheeky Daparski. Uncle Mendeleev failed  I get too excited. People think their fud drops the price, when really it has no effect except maybe to spread a bad reputation for Iconomi and repel some new investors/users.
I agree that it likely has no effect on the price. |
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puremage111
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April 07, 2017, 11:03:51 AM |
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Yes it is confirmed on slack too. We mooning, get ready and be in for the ship! What of the benefits of integrating platform with shapeshift?I do not think it will have any positive effect on ICN price. The real positive effect will happen when platform is open for ICO holders. Well, the effect isn't huge but still,its still a positive one. Now, it allows user to swap their other alt to Iconomi so there's no more needed to register on kraken, kyc verification and deposit only Bitcoin to purchase  |
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DomainMagnate
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April 07, 2017, 11:25:59 AM |
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Iconomi moving in the right direction. Very soon we can see fly to the moon I hope your wish come true.I invested all my savings in ICN and didn't sell even at 60k hoping that it would soon reach 0.001 btc. Lets see how long do I have to wait |
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Iabamba
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April 07, 2017, 11:38:02 AM |
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I'm good with moving forward and upward. I Got a feeling.  Slow progress is always a Good Sign. Slowly but surely. ICN is Community. |
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Enjorlas
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April 07, 2017, 01:28:30 PM |
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I have never used ShapeShift before, does anybody know what limits they have?
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