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Author Topic: ICONOMI - Live for today. Invest for tomorrow.  (Read 548072 times)
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May 14, 2018, 06:54:51 PM
 #8721

The first coin that was added in the new 10 coins in 10 days is Wanchain:

https://twitter.com/iconominet/status/996074253790441477
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May 14, 2018, 09:56:21 PM
 #8722

"WAN added to the ICONOMI platform! DAA Managers can now add WAN to their Digital Asset Array!" added for voting, proof and forecast on YEENOT TODAY https://yeenot.today/catalog/news/247
How much DAA will buy WAN?

about:
Wancoin (WAN) is Wanchain’s native token. Transactions consume a certain amount of WAN, and users pay WAN security deposits to cross-chain verification nodes when making transactions. Wanchain is creating a new distributed financial infrastructure and aims to power the new digital economy with their cross-chain smart contracts.
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May 15, 2018, 04:51:34 PM
 #8723

ICONOMI Monthly Update for April

https://medium.com/iconominet/2018-monthly-update-iv-c91f95ad76fc

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May 15, 2018, 08:20:24 PM
 #8724

Another day another coin added, this time it is Zilliqa:

https://twitter.com/iconominet/status/996406224336965632?s=21
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May 16, 2018, 12:37:36 PM
 #8725

Its easy for iconomi to become a exchange its harder not to compete for buy backs. (i.e binance nr25 coinmarketcap and iconomi 126) Btw they are now both in Malta, if iconomi wants cheaper fees than binance the extra income from the funds make it posible? or do they want binance and the other exchanges to hold icn and in return iconomi is not doing the exchange? There is no advantage if icn does not do this and the price is volitile no mather what.

Again binance is a exchange and iconomi is a platform for index funds. insert "Different but the same, but still different" GIF

Binance did the 50% fee discount because of competition on a already established segment (Crypto Exchanges). On a exchange you exchange your funds for crypto and then if you're a sane person you get them out of there as quick as possible and store them as secure as you know and can. Considering a lot's of exchanges don't even bother with transparency it's a very high risk to hold you're funds long term with a exchange.

With the Iconomi Platform you are able to invest your funds in crypto projects. Projects that are selected by different experts who have their own skin next to yours. They re-balance the funds as they see fit so you don't loose you're time trying to keep the ratios in line with the project development. Your investment is not only very securely stored but also insured so there is no hacking risk. Besides the security you actually know and can be sure they have the money they claim to have because of the financial audit. At the moment they have no competition. Not real and not at the same level. Low fees/transparency/nina listed on stock exchange/fiat ramp up/security and so on

Iconomi is way more transparent in reality. Binance fakes trading Volume https://medium.com/@sylvainartplayribes/chasing-fake-volume-a-crypto-plague-ea1a3c1e0b5e and can also be hacked - see the ViaCoin incident.

Putting your money with Binance long term means you have to trust a Chinese businessman/broker/developer for his word. In compassion with iconomi where you have all this security, insurances and transparency (financial audit) plus the columbus who looks like he knows what he's doing with the investment. Given that binance is putting every token that pays a nice commission even scams - see BRD, CTR and TUSD i would be carefull with letting my money sit there for more then a couple of minutes.

Iconomi is a lot more carefull what tokens they list Wink

By GOD i've got nothing with the Chinese people but they way they deal over there it's incredible. They've fooled even the American stock market with so many firms that declared profits even 10x bigger than in reality. They've got away with it because who can get the truth in china? If you look at how binance fakes the volume and you don't see the similarity then i don't know what else can i tell you.

They've made a really bad name on the stock market and with serious investors because of this in the last 10 years. And that bad name can stick to binance too if people will see (i hope) the fake volumes the scam listing and so on.

Maybe you don't care about all this stuff because moving a couple of g's around it's not really a concern for you even if it should be. But for people who want to invest long term and be sure about the liquidity and the safety of the invest this is the perfect product.

There will be no quick burning of the tokens with iconomi, not one as you are so desperate to see. Patience is what many people are missing for good projects to grow.
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May 17, 2018, 05:04:53 AM
 #8726

Hey Gutenhans what did you mean with “Your investment is not only very securely stored but also insured so there is no hacking risk”. My investment was icn and the parity hack (potential buy back monney) was not secured and insured. And what sane person would trust Deloitte, now i have to ask myself who audits Deloitte i dont know what kind of bonusses the ceo of deloite gets do you? Who cares what China does (and again Binance is in Malta) look at what japan is doing whit the bitcoin mt gox trustee guy. At they end of the day i dont trust China, Deloitte, Iconomi, Japan, Malta, Gutenhans or Binance, but tomorrow with a few kliks on the iconomi computer i can use iconomi as my exchange whatever fee is on there. And that is the point a few kliks and people will pay fees.
Its easy for iconomi to become a exchange its harder not to compete for buy backs. (i.e binance nr25 coinmarketcap and iconomi 126) Btw they are now both in Malta, if iconomi wants cheaper fees than binance the extra income from the funds make it posible? or do they want binance and the other exchanges to hold icn and in return iconomi is not doing the exchange? There is no advantage if icn does not do this and the price is volitile no mather what.

Again binance is a exchange and iconomi is a platform for index funds. insert "Different but the same, but still different" GIF

Binance did the 50% fee discount because of competition on a already established segment (Crypto Exchanges). On a exchange you exchange your funds for crypto and then if you're a sane person you get them out of there as quick as possible and store them as secure as you know and can. Considering a lot's of exchanges don't even bother with transparency it's a very high risk to hold you're funds long term with a exchange.

With the Iconomi Platform you are able to invest your funds in crypto projects. Projects that are selected by different experts who have their own skin next to yours. They re-balance the funds as they see fit so you don't loose you're time trying to keep the ratios in line with the project development. Your investment is not only very securely stored but also insured so there is no hacking risk. Besides the security you actually know and can be sure they have the money they claim to have because of the financial audit. At the moment they have no competition. Not real and not at the same level. Low fees/transparency/nina listed on stock exchange/fiat ramp up/security and so on

Iconomi is way more transparent in reality. Binance fakes trading Volume https://medium.com/@sylvainartplayribes/chasing-fake-volume-a-crypto-plague-ea1a3c1e0b5e and can also be hacked - see the ViaCoin incident.

Putting your money with Binance long term means you have to trust a Chinese businessman/broker/developer for his word. In compassion with iconomi where you have all this security, insurances and transparency (financial audit) plus the columbus who looks like he knows what he's doing with the investment. Given that binance is putting every token that pays a nice commission even scams - see BRD, CTR and TUSD i would be carefull with letting my money sit there for more then a couple of minutes.

Iconomi is a lot more carefull what tokens they list Wink

By GOD i've got nothing with the Chinese people but they way they deal over there it's incredible. They've fooled even the American stock market with so many firms that declared profits even 10x bigger than in reality. They've got away with it because who can get the truth in china? If you look at how binance fakes the volume and you don't see the similarity then i don't know what else can i tell you.

They've made a really bad name on the stock market and with serious investors because of this in the last 10 years. And that bad name can stick to binance too if people will see (i hope) the fake volumes the scam listing and so on.

Maybe you don't care about all this stuff because moving a couple of g's around it's not really a concern for you even if it should be. But for people who want to invest long term and be sure about the liquidity and the safety of the invest this is the perfect product.

There will be no quick burning of the tokens with iconomi, not one as you are so desperate to see. Patience is what many people are missing for good projects to grow.

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May 17, 2018, 08:05:08 AM
 #8727

https://www.futuretechpodcast.com/podcasts/iconomi-ervin-kovac-coo-ethereum-blockchain-based-digital-asset-management-platform/ what interests you begins at 5:20


"With these types of new digital assets security, custody is basically the key we all know what happened with some of the exchanges so the security of the assets of our users is our top priority. We have developed our own hot and cold security system that safely stores all these assets and it is very simple to use for the end user.

Some of these assets don’t offer multi sig wallets by themselves and that’s one of the systems we developed. Our system is like this: it goes from hot to cold based on the projected needs of these assets ever being to be moved. The lowest level is a multi sig contract with the highest number of participant or signatories required. They are all over the world and don’t know each other. This is the level we don’t expect to need to move often. There are some additional requirements based in to the smart contract that I cannot give out. So this is lowest level. As you go higher the criteria for security lowers. There are lower number of signatories in these smart contracts for the funds to move and when you get to the top you have some buffers for the small percentage of the total assets that basically insure the liquidity for the platform and these assets are controlled by the server and are naturally the most exposed. We solve this exposure with insuring them. So our hot wallets are insured so we have that covered and as you go lower all of these are done offline with hardware wallets, etc…
There are multiple levels of cold and hot storages and each of them is more or less complicated depending on the projection of how often those funds have to be moved."

unfortunately there's no good answer for the parity incident
The parity hacked library was a incident that should not happen, as we we're insured many times that the funds have been moved from parity wallets after other incidents in the past.
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May 17, 2018, 10:41:08 AM
 #8728

The next coin to be added to the ICONOMI platform will be LOOM:

https://twitter.com/iconominet/status/996759616250892288

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May 18, 2018, 09:53:46 AM
Last edit: May 18, 2018, 03:15:35 PM by RichardReMark
 #8729

Sure lets call parity a incident just like the Dao “incident”, meanwile Vitalik zits in zwitserland Zuric in his million villa not having a fund in iconomi. I wanna open a fund in Iconomi and call it for the fun wtf Vatalik if the etherium community does not reverse the parity situation. Call me a conspiracy theorist but the Doa situation was needed and used to know what would happen to bitcoin/bitcoin cash the parity thing is just the next step to know what we will do and how we will react with the traped million bitcoins of Satosi Nakamoto. But lets not talk about why the exchanges hold icn while iconomi can be a exchange.

I for one like to call Parity and Dao coincidinks zo that everyone would understand Wink
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May 18, 2018, 04:06:54 PM
 #8730

Welcome to the latest edition of the ICONOMI Weekly Update series: https://medium.com/iconominet/iconomi-weekly-update-9a9e9a9b0ebc
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May 18, 2018, 05:47:54 PM
 #8731

Sure lets call parity a incident just like the Dao “incident”, meanwile Vitalik zits in zwitserland Zuric in his million villa not having a fund in iconomi. I wanna open a fund in Iconomi and call it for the fun wtf Vatalik if the etherium community does not reverse the parity situation. Call me a conspiracy theorist but the Doa situation was needed and used to know what would happen to bitcoin/bitcoin cash the parity thing is just the next step to know what we will do and how we will react with the traped million bitcoins of Satosi Nakamoto. But lets not talk about why the exchanges hold icn while iconomi can be a exchange.

I for one like to call Parity and Dao coincidinks zo that everyone would understand Wink
It is irresponsible for the Iconomi team to use code that stores literally hundreds of millions of dollars without even a proper security audit. They raised a lot of money in the ICO - they should have used some of that for the audit of the piece of code that is the backbone of the entire system. Asking the whole Ethereum network to fork due to the irresponsibility of a few parties is what the Ethereum community doesn't want to do, hence the debate in the first place.
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May 18, 2018, 06:54:08 PM
 #8732


It is irresponsible for the Iconomi team to use code that stores literally hundreds of millions of dollars without even a proper security audit. They raised a lot of money in the ICO - they should have used some of that for the audit of the piece of code that is the backbone of the entire system. Asking the whole Ethereum network to fork due to the irresponsibility of a few parties is what the Ethereum community doesn't want to do, hence the debate in the first place.
Many other Organizations also did the same. I think it was due to the trust on 'Parity', that they used it without some audit.

Just saying, whole development of major Clients makes Ethereum less 'trustless'. Wink

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May 19, 2018, 04:49:22 AM
 #8733


It is irresponsible for the Iconomi team to use code that stores literally hundreds of millions of dollars without even a proper security audit. They raised a lot of money in the ICO - they should have used some of that for the audit of the piece of code that is the backbone of the entire system. Asking the whole Ethereum network to fork due to the irresponsibility of a few parties is what the Ethereum community doesn't want to do, hence the debate in the first place.
Many other Organizations also did the same. I think it was due to the trust on 'Parity', that they used it without some audit.

Just saying, whole development of major Clients makes Ethereum less 'trustless'. Wink
It's a matter of risk. No one should hold 9 figure wealth in a piece of software that hasn't even been audited. Whoever does that is in the wrong. The whole purpose of blockchains/smart contracts is you don't have to trust authority figures. That's why the code is public. Blindly relying on someone else's code is ok for small amounts, not for large amounts.
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May 19, 2018, 07:58:45 AM
Last edit: May 19, 2018, 08:21:32 AM by RichardReMark
 #8734

Yea so how is the parity situation different from the Dao situation?  My guess is that a very powerfull person was hit by the Dao like the son of a US army general would do the job to make the Dao people get a bail out. We parity people just dont have that kind of luck i guess.
No it was a NSA guy that made the lights of Vatalik’s house go on and off. (Im waving seductively at my phone camera as we speak let see what wil happen) 

It's a matter of risk. No one should hold 9 figure wealth in a piece of software that hasn't even been audited. Whoever does that is in the wrong. The whole purpose of blockchains/smart contracts is you don't have to trust authority figures. That's why the code is public. Blindly relying on someone else's code is ok for small amounts, not for large amounts.
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May 19, 2018, 10:24:31 AM
 #8735

This will be an interesting project to follow as it rolls out functionality to their platform and more of the features are opened to the public, however it should be used with caution until some of the outlined drawbacks are addressed.
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May 19, 2018, 11:04:00 AM
 #8736

This will be an interesting project to follow as it rolls out functionality to their platform and more of the features are opened to the public, however it should be used with caution until some of the outlined drawbacks are addressed.
I am doing the best that i can im sorry im not prince Harry  Cry
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May 20, 2018, 01:13:48 AM
 #8737

Iconomi-a token that showed itself well at the start. I personally know successful investors on ICO. But now investment in it is not relevant in my opinion. Even the news of the burning has no effect on the course. Cry

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May 20, 2018, 04:03:56 AM
 #8738

Yea so how is the parity situation different from the Dao situation?  My guess is that a very powerfull person was hit by the Dao like the son of a US army general would do the job to make the Dao people get a bail out. We parity people just dont have that kind of luck i guess.
No it was a NSA guy that made the lights of Vatalik’s house go on and off. (Im waving seductively at my phone camera as we speak let see what wil happen) 

It's a matter of risk. No one should hold 9 figure wealth in a piece of software that hasn't even been audited. Whoever does that is in the wrong. The whole purpose of blockchains/smart contracts is you don't have to trust authority figures. That's why the code is public. Blindly relying on someone else's code is ok for small amounts, not for large amounts.
There are many other differences too (e.g. the scope of the DAO hack was close to 10% of the network). Ultimately, it is a community-driven consensus, there's no guarantee provided anywhere that if you lose money then the community will essentially bail you out. See the full discussions on the Github board and reddit threads if you're interested.
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May 20, 2018, 07:25:10 AM
 #8739

There are many other differences too (e.g. the scope of the DAO hack was close to 10% of the network). Ultimately, it is a community-driven consensus, there's no guarantee provided anywhere that if you lose money then the community will essentially bail you out. See the full discussions on the Github board and reddit threads if you're interested.
What is the point of going to gith hub or reddit its seems to me by hearing you talk they already made up there minds wtf Vatalik fund it will bee then.  Tongue
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May 20, 2018, 11:25:50 PM
 #8740

There are many other differences too (e.g. the scope of the DAO hack was close to 10% of the network). Ultimately, it is a community-driven consensus, there's no guarantee provided anywhere that if you lose money then the community will essentially bail you out. See the full discussions on the Github board and reddit threads if you're interested.
What is the point of going to gith hub or reddit its seems to me by hearing you talk they already made up there minds wtf Vatalik fund it will bee then.  Tongue
I don't understand your comment. In any case, since Iconomi has a stake in this (a really big one), they should release a public statement of their views.
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