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Author Topic: ICONOMI - Live for today. Invest for tomorrow.  (Read 557271 times)
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Zenoru
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April 15, 2017, 09:21:17 PM
Last edit: April 15, 2017, 09:54:53 PM by Zenoru
 #3821

I have been thinking about something.. just like coins with masternodes. They lock their coins to validate transactions and in return they get coins

What if we try to do something like this with Iconomi ?

What if Iconomi provides a service to lock ICNs on the website. Locking ICNs will reduce the market supply and in return, people who locked their coins would get ICNX coins for their service ? Those ICNX coins could be bought from a fixed % profits made on the platform. Locking would be for 6 months to 1 year. We dont go full 100% on buybacks but we reserve a small % for the locking of coins reward

What do you guys think. Is it feasible ?

This sounds like a good idea.  2 possible effects from this:

- could market ICN as a usage token

- it would theoretically pump up the price by locking portions of the supply

I think it would be better if this system was smart-contract-based instead of having to signup to website in order to lock your ICN.

Why do you propose giving people who lock their ICN interest in the form of ICNX instead of ICN?

I don't think locking up ICN tokens and thus constraining the supply is a good idea. Sure, it could pump up the price, but look at what happened to Bitconnect because of its lending program (https://bitconnect.co/bitcoin-information/19/investing-in-bitconnect-lending). The price is clearly in a bubble, probably because of this lending, and there is likely to be a big correction or sell-off soon. Similarly, Dash got into a bubble because the supply was constrained - most coins were locked up in masternodes (either a soft-lock if you had a full masternode, i.e you could still move coins if needed or there were some services offering a stake in a masternode in exchange for locking up coins for a period).

I would prefer steady growth, which will happen once the platform launches and it sees growing usage. I'm fairly certain it will bring in a lot of money into all of crypto, given that the platform will make it incredibly simple for the average person to invest.

There were some talks about making ICN into a usage token for marketing or regulation purposes.  

This is one of the first ICN usage token proposals I have heard.  Another one would be to require array managers on DAMP to hold or burn some ICN in order to create a new array.

Yeah, I remember those talks too. Burning/holding tokens to create a new array could be beneficial, too, as it acts as a sort of barrier to entry - basically ensuring that only serious fund managers open digital arrays and making the platform more high-quality. I can see this working in a couple of ways:

1. Fund managers commit to locking up X amount of ICN for a certain period, in order to start a digital asset array. I don't think this should act as insurance, i.e, ICN shouldn't be burned/taken away if the array performs badly - the whole crypto market could turn bearish and many arrays would perform badly. But it at least shows that managers are willing make some financial commitment of their own. After the initial lockup period, managers can get their ICN back.
2. Fund managers burn Y amount of ICN (Y being smaller than X) as a one-time fee, in order to start a digital asset array. It won't be some crazy amount, perhaps between $100-1000 worth. This is an even stronger financial commitment. And this would benefit existing holders in the same way the token buyback would.

To take this idea further, why not even incentivize well-performing arrays by awarding their managers some ICN (kind of like how Augur rewards REP tokens for correct predictions)? In this case, we may be able to modify #2 above: instead of burning ICN, fund managers contribute to an ICN pool, which is periodically distributed to top-performing digital asset arrays. The only caveat is that this is probably not necessary because fund managers already get management fees (and can charge more if they do better).

Anyway, these are just some crazy ideas, but I think they can help make ICN more of a usage token.
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April 15, 2017, 09:32:22 PM
 #3822

Lol, what the hell is going on why is everything getting deleted?

Lesson #1 you don't travel to North Korea if you want to be taken seriously in the first world.
Like what were you thinking? You don't even answer on legit question put on the table and you go to NK
to escape from the trouble of having to communicate with your investors by isolating tourself? ARE YOU  OUT OF YOUR FUCKING MIND YOU STUPID MOTHERFUCKER?

You know who travels to NK ? Document filmakers, daredevils, and mentally unstable people like Dennis Rodman.

I'm taking a look as Stratis and PIVX right now and I'm extremely pissed off at those Eastern Europeans.

Change the language on your posts (hint - don't curse) and stick to facts, such as origin country.

We all got it - you're butthurt that you missed a great pump

Don't be too harsh to this guy, he might be the only truth sayer trying to bring up numerous shortcomings of iconomi dudes and warn u about possible future drawbacks. He was paid in igiuana token and may not now what is going on in here so it's normal for iguana followers to speak figuratively. I have seen a lot of shit but have never imagined that Penis rodman will ever be released from the nuthouse.
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April 15, 2017, 10:29:28 PM
 #3823

Lol, what the hell is going on why is everything getting deleted?

Lesson #1 you don't travel to North Korea if you want to be taken seriously in the first world.
Like what were you thinking? You don't even answer on legit question put on the table and you go to NK
to escape from the trouble of having to communicate with your investors by isolating tourself? ARE YOU  OUT OF YOUR FUCKING MIND YOU STUPID MOTHERFUCKER?

You know who travels to NK ? Document filmakers, daredevils, and mentally unstable people like Dennis Rodman.

I'm taking a look as Stratis and PIVX right now and I'm extremely pissed off at those Eastern Europeans.

Has it really never occurred to you that people that aren't from the United States or Western Europe do not have the same hesitation towards visiting North Korea? Chinese and Russians, for example, vacation there often and it has nothing to do with them being filmmakers, daredevils, or mentally unstable basketball players for the US. As an American, I recommend you try not to view the world from a such a self-centered perspective- it doesn't reflect well on us Westerners.
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April 15, 2017, 10:40:27 PM
 #3824

I wonder how the platform once released would affect the Icn coin itself. If btc rise,  Icn won't maintain the value,  but ICNX could,  as is within using the whole market. Right?
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April 16, 2017, 12:13:33 AM
Last edit: April 16, 2017, 02:17:11 AM by TheTruthIsOutThere
 #3825

Lol, what the hell is going on why is everything getting deleted?

Lesson #1 you don't travel to North Korea if you want to be taken seriously in the first world.
Like what were you thinking? You don't even answer on legit question put on the table and you go to NK
to escape from the trouble of having to communicate with your investors by isolating tourself? ARE YOU  OUT OF YOUR FUCKING MIND YOU STUPID MOTHERFUCKER?

You know who travels to NK ? Document filmakers, daredevils, and mentally unstable people like Dennis Rodman.

I'm taking a look as Stratis and PIVX right now and I'm extremely pissed off at those Eastern Europeans.

Has it really never occurred to you that people that aren't from the United States or Western Europe do not have the same hesitation towards visiting North Korea? Chinese and Russians, for example, vacation there often and it has nothing to do with them being filmmakers, daredevils, or mentally unstable basketball players for the US. As an American, I recommend you try not to view the world from a such a self-centered perspective- it doesn't reflect well on us Westerners.

you killing me mate.

Americans are so well known for being "open" to the outside world.

https://interculturalmeanderings.files.wordpress.com/2011/07/map-of-the-world-according-to-americans.jpg

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April 16, 2017, 01:52:54 AM
 #3826

Lol, what the hell is going on why is everything getting deleted?

Lesson #1 you don't travel to North Korea if you want to be taken seriously in the first world.
Like what were you thinking? You don't even answer on legit question put on the table and you go to NK
to escape from the trouble of having to communicate with your investors by isolating tourself? ARE YOU  OUT OF YOUR FUCKING MIND YOU STUPID MOTHERFUCKER?

You know who travels to NK ? Document filmakers, daredevils, and mentally unstable people like Dennis Rodman.

I'm taking a look as Stratis and PIVX right now and I'm extremely pissed off at those Eastern Europeans.

Has it really never occurred to you that people that aren't from the United States or Western Europe do not have the same hesitation towards visiting North Korea? Chinese and Russians, for example, vacation there often and it has nothing to do with them being filmmakers, daredevils, or mentally unstable basketball players for the US. As an American, I recommend you try not to view the world from a such a self-centered perspective- it doesn't reflect well on us Westerners.

oh, I'm sorry, I forgot which parts of the world have the money to invest in projects like this and drive interest and price.
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April 16, 2017, 05:25:32 AM
 #3827

Lol, what the hell is going on why is everything getting deleted?

Lesson #1 you don't travel to North Korea if you want to be taken seriously in the first world.
Like what were you thinking? You don't even answer on legit question put on the table and you go to NK
to escape from the trouble of having to communicate with your investors by isolating tourself? ARE YOU  OUT OF YOUR FUCKING MIND YOU STUPID MOTHERFUCKER?

You know who travels to NK ? Document filmakers, daredevils, and mentally unstable people like Dennis Rodman.

I'm taking a look as Stratis and PIVX right now and I'm extremely pissed off at those Eastern Europeans.

Has it really never occurred to you that people that aren't from the United States or Western Europe do not have the same hesitation towards visiting North Korea? Chinese and Russians, for example, vacation there often and it has nothing to do with them being filmmakers, daredevils, or mentally unstable basketball players for the US. As an American, I recommend you try not to view the world from a such a self-centered perspective- it doesn't reflect well on us Westerners.

oh, I'm sorry, I forgot which parts of the world have the money to invest in projects like this and drive interest and price.

You know it wasn't a business trip, right? You can be butthurt about the price and use your brain at the same time. Try it, it will be amazing!
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April 16, 2017, 06:02:06 AM
 #3828

I wonder how the platform once released would affect the Icn coin itself. If btc rise,  Icn won't maintain the value,  but ICNX could,  as is within using the whole market. Right?

Yes correct. Right now I dont see any reason why people might hold ICN for a life time unless the holding do get you something in return. Yes the value of ICN will rise with the buyback but after this what incentive are there for holding it further. This is why the locking of ICN coins can be of importance here
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April 16, 2017, 07:37:03 AM
 #3829

Use your real account if you don't want your posts to be deleted
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April 16, 2017, 08:10:24 AM
 #3830

Yeah so someone creates an account with TheTruthIsOutThere for first time

Genius!
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April 16, 2017, 08:19:20 AM
 #3831

Vested a small amount into ICN tokens. I really believe in the potential of these tokens as they hold real underlying assets under ICN.

I believe in Jani and the vision he offers to investors.
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April 16, 2017, 08:21:49 AM
 #3832

Lol, what the hell is going on why is everything getting deleted?

Lesson #1 you don't travel to North Korea if you want to be taken seriously in the first world.
Like what were you thinking? You don't even answer on legit question put on the table and you go to NK
to escape from the trouble of having to communicate with your investors by isolating tourself? ARE YOU  OUT OF YOUR FUCKING MIND YOU STUPID MOTHERFUCKER?

You know who travels to NK ? Document filmakers, daredevils, and mentally unstable people like Dennis Rodman.

I'm taking a look as Stratis and PIVX right now and I'm extremely pissed off at those Eastern Europeans.

Has it really never occurred to you that people that aren't from the United States or Western Europe do not have the same hesitation towards visiting North Korea? Chinese and Russians, for example, vacation there often and it has nothing to do with them being filmmakers, daredevils, or mentally unstable basketball players for the US. As an American, I recommend you try not to view the world from a such a self-centered perspective- it doesn't reflect well on us Westerners.

oh, I'm sorry, I forgot which parts of the world have the money to invest in projects like this and drive interest and price.

You are only showing more ignorance if you don't think China and Russia are major sources of interest and money in crypto. So yeah, I guess you did forget. Did you also forget that ICNX isn"t even currently available in the US? Lol.
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April 16, 2017, 09:20:30 AM
 #3833

You are posting half info from a private group in slack, with your fake newbie account.
The only purpose is to create FUD

Why don't you stop hiding behind that account like a coward and post with your real one?
Because you are exactly that - a coward and a FUDder
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April 16, 2017, 10:10:33 AM
 #3834

I wonder how the platform once released would affect the Icn coin itself. If btc rise,  Icn won't maintain the value,  but ICNX could,  as is within using the whole market. Right?

Yes correct. Right now I dont see any reason why people might hold ICN for a life time unless the holding do get you something in return. Yes the value of ICN will rise with the buyback but after this what incentive are there for holding it further. This is why the locking of ICN coins can be of importance here
Exactly the same incentive that you have for holding bitcoin or other non dividend paying crypto.
You expect their values to go up in future.That exactly will happen with ICN with buyback option.

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April 16, 2017, 11:53:25 AM
 #3835

I've still got faith in iconomi to deliver great value to ICN holders. I'm sure a plan is in place to make ICN a usability token of some sort. However Rome wasn't built in a day. Only time will tell.


 
 
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April 16, 2017, 12:33:20 PM
 #3836

What was the "mysterious case of Jaka Mele" all about?

He was their communications guy.  Still lists himself as an Iconomi employee on his LinkedIn.

Iconomi's communications have sucked ass for quite a while now, and Jaka had not said a single thing in over two months.

Jaka's unannounced departure from the company explains why he hadn't said anything in over two months.

Iconomi's failure to replace Jaka and have somebody in charge of communications explains in part why the team's communication has been fucking horrible.

I wanna know how the conversation went down.  "Hey our comms guy quit.  Should we look for a replacement?"  "Nah, communication is overrated.  I know we promised transparency but fuck it."

I understand now.

But he was never that communicative to be choose for a communicative guy. I thought he was working on the platform. But I could not know, I just saw him on few pictures.

In general I am happy that pictures of cars in this thread had finally ended. that was a huge leap for the ICONOMI community.

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Daparski
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April 16, 2017, 02:00:01 PM
 #3837

There are never ending attempts to spread FUD and trolling in the last months. The latest, and not so greatest attempt started today after a reply post by Jani in one of the slack channels.

Several months ago Slack general channel was under a lot of trolls attack and it was impossible to have a normal conversation. One of the users opened a private channel named 'trollfreezone' and invited members that were considered as non trolls in order for us to be able to have a healthy discussion and debate about Iconomi without being spammed by the trolls. Since then the group had increased in numbers, mostly by invitation from other slack members.
Jani, or anyone else from the team, had never posted any insider info or any type of "you heard it here first" updates.

As for today's FUD:

Jani replied to a question asked on that channel in regards to BTC that were moved from ICO address. His reply was:
"We manage assets properly. But as we don't comment on every git commit we don't comment on every asset transfer. However, they are in our hands. Where else would we send 1900 btc?"

30 minutes later the sock puppet newbie account, aka thetruthisoutthere, start posting about these 1900 BTC and other insider info BS.
Of course there is no such member in that slack channel, and of course he is a fake (and not very smart) account created 2-3 weeks ago.
^^
If someone still has a doubt that it is a fake account

As for my personal opinion about moving those 1900 BTC - I think they need to be able to invest in ICOs without the community knowing when and how much as long as the ICO is active.
They probably also need some BTC on exchanges in order to execute ICNX buy orders.
And yes, they definitely should not answer or comment on internal moves like that.
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April 16, 2017, 02:21:09 PM
Last edit: April 16, 2017, 02:34:15 PM by Nachbar90
 #3838

I wonder how the platform once released would affect the Icn coin itself. If btc rise,  Icn won't maintain the value,  but ICNX could,  as is within using the whole market. Right?

ICN not maintaining value during a bitcoin raise would mean people selling ICN during bitcoin pumps but as we´ll have buybacks daily when the platform is running, its not very wise to sell because of pumps unless you want to risk buying back your ICN at a higher price afterwards. This implies having an amount of buybacks that will have an impact on the market of course.

But in general ICNX might be more stable than ICN, especially in the beginning.

JOIN OFFICIAL ICONOMI SLACK FOR INSTANT NEWS FROM THE TEAM - http://iconominet.herokuapp.com
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April 16, 2017, 03:05:21 PM
 #3839

The ICNX rises to $.35 today, a new all time high.

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April 16, 2017, 03:14:01 PM
 #3840

The ICNX rises to $.35 today, a new all time high.

Yeah and I keep buying them day after day Grin
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