ICONOMI - Live for today. Invest for tomorrow.

[kalpit]

With the buybacks, your money is automatically being compounded. You don't need to buy Iconomi with the dividends you get.

Also with buybacks, price would rise in an exponential way. If they were giving dividends, price would someday each a saturation point when monthly profits of Iconomi become constant.

Buybacks are better. Even if polo doesn't list Iconomi.

[Mendeleev]

I still didn't get why ICONOMI changed their original plan of distributing dividend to buyback. If Taas can pay dividend, why can't ICONOMI?

Why do you keep bringing up dividends? Do you want the devs to switch back now so that everyone thinks their unreliable? This conversation has been had

There are already people who think they're unreliable.

If they switched back, the sheep would just switch their minds back with them  

"O rly? Dividends are back? Excellent decision, team! This just proves the team are listening to investor concerns! Another brilliant move from Iconomi!" ... fap fap fap!

You know I'm right  


You're right though... what's done is done.

[dragonmoney]

Kraken is also US based, seems like they are fine listing ICN. With buybacks, it should become more rare but after the coins are burned will the market cap stay constant with the price going up or will the marketcap go down with the burning. Not sure how the market responds to this.

[denking]

Poloniex don't have any orther reason to don't list ICN now with buyback

[Daparski]

Poloniex is not a necessity for Iconomi.

If it's listed there, it would be beneficial for both.

Did you see Round which has reached 12th position on coin market cap. It has grew over 250 times in some months. And it is only listed on Liqui. Although, this seems strange as Round is not as popular as Iconomi. Do you think these are fake trades on Liqui to pump round?

Jani, if that is you, can you please confirm with Iconomi account?

[Mendeleev]

...

Jani, if that is you, can you please confirm with Iconomi account?

lmao, I didn't even notice that!

[Drunkducker]

I dont like the buy back plan. There was no vote, there should be a vote. X amount of icn in a non exchange wallet gets you a vote 1 icn pervote. If buy back and burn wins burn the vote pool, if dividends win refund icn subtract gas.

[Drunkducker]

I still didn't get why ICONOMI changed their original plan of distributing dividend to buyback. If Taas can pay dividend, why can't ICONOMI?

Its simple inside the box thinking. Its easyer on them they can say we made 1k eth this quarter we will burn 500 eth worth maybe next quarter we will burn the rest. No need to right a contract that everyone can see thats hard. We like old school reports.um list goes on.

[Daparski]

So we have the next round of trolls started.

Newbies accounts pop up and start being concerned, or not liking all kind of things that were published months ago.

Probably the same group that sold the peak in the last 2 days and now are trying to buy lower.

People that are selling based on whatever someone is writing on bitcointalk are the biggest fools ever

[Daparski]

I still didn't get why ICONOMI changed their original plan of distributing dividend to buyback. If Taas can pay dividend, why can't ICONOMI?

Its simple inside the box thinking. Its easyer on them they can say we made 1k eth this quarter we will burn 500 eth worth maybe next quarter we will burn the rest. No need to right a contract that everyone can see thats hard. We like old school reports.um list goes on.

I'll bite..

Can you please explain us how it is different than dividends?
In case of dividends the team says "Hi there, we made 1K of eth from fees, we're gonna distribute it as profit among all ICN addresses with more than 42 ICN"

How is that different than buybacks? In both case you "don't know" how much profit was generated.

[2012]

So we have the next round of trolls started.

Newbies accounts pop up and start being concerned, or not liking all kind of things that were published months ago.

Probably the same group that sold the peak in the last 2 days and now are trying to buy lower.

People that are selling based on whatever someone is writing on bitcointalk are the biggest fools ever

Agreed with you big whales are eating the all tokens at low cheap with the help of trolls surely all dumpers will be loosers when they will realize the potential of this project. Better option is that hold this token for long term and forgot about this investment for the end of this year.

[Drunkducker]

I still didn't get why ICONOMI changed their original plan of distributing dividend to buyback. If Taas can pay dividend, why can't ICONOMI?

Its simple inside the box thinking. Its easyer on them they can say we made 1k eth this quarter we will burn 500 eth worth maybe next quarter we will burn the rest. No need to right a contract that everyone can see thats hard. We like old school reports.um list goes on.

I'll bite..

Can you please explain us how it is different than dividends?
In case of dividends the team says "Hi there, we made 1K of eth from fees, we're gonna distribute it as profit among all ICN addresses with more than 42 ICN"

How is that different than buybacks? In both case you "don't know" how much profit was generated.

Thankyou for biteing

With dividends in place, i receive multiple income streams. If i choose sell the original assets i can or if i choose to take profit from dividend i can. now i have no choice. As far as the lie of we are in the red. Not much can be done. But i kinda feel like that opinion is letting down the whole smart contract thing they could encode a contract to monitor the fees and it would be open to see on the network. Now as far as me trolling i dont have time the last 18 months i have been working 7 12s or 16s but this week im outta that cage and getting drunk. Just a little sad to see dividends gone. I love passive income thats why i started mining in the first place and even reading about this crap.

[Daparski]

I still didn't get why ICONOMI changed their original plan of distributing dividend to buyback. If Taas can pay dividend, why can't ICONOMI?

Its simple inside the box thinking. Its easyer on them they can say we made 1k eth this quarter we will burn 500 eth worth maybe next quarter we will burn the rest. No need to right a contract that everyone can see thats hard. We like old school reports.um list goes on.

I'll bite..

Can you please explain us how it is different than dividends?
In case of dividends the team says "Hi there, we made 1K of eth from fees, we're gonna distribute it as profit among all ICN addresses with more than 42 ICN"

How is that different than buybacks? In both case you "don't know" how much profit was generated.

Thankyou for biteing

With dividends in place, i receive multiple income streams. If i choose sell the original assets i can or if i choose to take profit from dividend i can. now i have no choice. As far as the lie of we are in the red. Not much can be done. But i kinda feel like that opinion is letting down the whole smart contract thing they could encode a contract to monitor the fees and it would be open to see on the network. Now as far as me trolling i dont have time the last 18 months i have been working 7 12s or 16s but this week im outta that cage and getting drunk. Just a little sad to see dividends gone. I love passive income thats why i started mining in the first place and even reading about this crap.

you wrote

Its easyer on them they can say we made 1k eth this quarter we will burn 500 eth worth maybe next quarter we will burn the rest.

What I said is that if they wanted to cheat or play unfair, they wouldn't need to switch to buybacks.

As for the income stream - yes, getting eth as profit distribution has advantage over buybacks in that manner because you're being rewarded with an external currency. You can achieve the same with buybacks though. If you have 1M ICN it means you have 1% of the total supply. After the burning you can just sell the extra percentage you got and maintain the same % of the total supply.

[Wapinter]

So we have the next round of trolls started.

Newbies accounts pop up and start being concerned, or not liking all kind of things that were published months ago.

Probably the same group that sold the peak in the last 2 days and now are trying to buy lower.

People that are selling based on whatever someone is writing on bitcointalk are the biggest fools ever

Agreed with you big whales are eating the all tokens at low cheap with the help of trolls surely all dumpers will be loosers when they will realize the potential of this project. Better option is that hold this token for long term and forgot about this investment for the end of this year.

I do not think FUD here has much influence on price.If big whales want to drop price they can start selling their holdings and create panic selling.Moreever those who have lots of ICN in possession are not noobs.they know very well how crypto markets works so they not going to make decision on the basis of FUD.Only small investors who are new to crypto get influenced but their holdings are too little to influence price in market

[Drunkducker]

Ill live, ill just let my bots run and my miners mine and leave my icn in its cold printed address till its worth my time, instead of loving it and squeezing the eth from it. And when the next dividend offering ico comes maybe then i can have the love i want.  Tomarrow i get to milk some goats. Score!!!

[shwifteey]

So do you guys think we'll hit $1 before Consensus/Token Summit.  I'm thinking Consensus will be a big boost for ETH but not necessarily ICN.  I'll be buying more before the 22nd that's for sure.

[ruletheworld]

So do you guys think we'll hit $1 before Consensus/Token Summit.  I'm thinking Consensus will be a big boost for ETH but not necessarily ICN.  I'll be buying more before the 22nd that's for sure.

Why do you think a conference will be a big boost to the price of any crypto token? Are you expecting some market-moving announcements for ETH and ICN?

[shwifteey]

Could be new money flowing in or out based on media attention and possible announcements.

These are two events where investors with deep pockets can meet Tim and Jani in person and ask questions, for better or worse.

[spendawgs]

I still didn't get why ICONOMI changed their original plan of distributing dividend to buyback. If Taas can pay dividend, why can't ICONOMI?

Why do you keep bringing up dividends? Do you want the devs to switch back now so that everyone thinks their unreliable? This conversation has been had

There are already people who think they're unreliable.

If they switched back, the sheep would just switch their minds back with them  

"O rly? Dividends are back? Excellent decision, team! This just proves the team are listening to investor concerns! Another brilliant move from Iconomi!" ... fap fap fap!

You know I'm right  


You're right though... what's done is done.

Indeed, you are right about that.

[scrimper]

I dont like the buy back plan. There was no vote, there should be a vote. X amount of icn in a non exchange wallet gets you a vote 1 icn pervote. If buy back and burn wins burn the vote pool, if dividends win refund icn subtract gas.

... we have voting rights only after 24 months (after ICO ends)