ICONOMI - Live for today. Invest for tomorrow.

[ruletheworld]

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'.

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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[RichardReMark]

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.

[Awallon]

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.

[RichardReMark]

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  

[abitcoin87]

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.

[ruletheworld]

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.

[RichardReMark]

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.  

[ruletheworld]

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.  

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.

[Meatboy]

The next digital asset in our series of ten added to the #ICONOMI platform is the CyberMiles token. $CMT powers the @cybermiles decentralized ecosystem for e-commerce. Diversify your digital portfolio now at http://iconomi.net


https://twitter.com/iconominet/status/998244792747347969

[stan86]

ICONOMI Meet the Managers events in Hong Kong and Singapore will be taking place on May 29 and May 31, respectively.
The events are perfect for anyone who wants to learn more about digital asset management or digital assets in general.
You can apply here: https://www.iconomi.net/events

[satrum]

"ICONOMI has added CyberMiles on their platform" added for voting, proof and forecast on YEENOT TODAY https://yeenot.today/catalog/news/277
How much DAA will buy CMT?

CyberMiles builds custom smart contract templates that enable e-commerce companies to easily deploy their business on the blockchain. Its delegated proof of stake blockchain is fully compatible with Ethereum and aims to achieve up to 10,000 transactions per second.

[satrum]

news about "Stellar Lumens [XLM] added to ICONOMI Platform" added for voting, proof and forecast on YEENOT TODAY https://yeenot.today/catalog/news/280

DAA Managers can now add Stellar Lumens [XLM] to their Digital Asset Array on ICONOMI Platform
How much DAA will buy XLM?

[axlroses]

ICONOMI Meet the Managers events in Hong Kong and Singapore will be taking place on May 29 and May 31, respectively.
The events are perfect for anyone who wants to learn more about digital asset management or digital assets in general.
You can apply here: https://www.iconomi.net/events

this is a good opportunity for Iconomi to introduce their platform to more people I see this event to be around Europe and after the singapore event in June will take place in sydney, good news I like this.

[s8ndo]

I've been holding ICN since ICO and i'm very disappointed with how its panned out. Told we were buying into ownership of the Platform and would be rewarded with ETH dividends, instead we have funded the Iconomi platform, made the team very rich and got very little in return.

[muleroaa]

The 9th (out of 10) new crypto to be added to ICONOMI will be Litecoin:

https://twitter.com/iconominet/status/998937946706403329

What is everyone hoping to be the 10th? Me personally, NEO. It seems strange that they do not offer this yet.

[Meatboy]

Read the latest updates on the #ICONOMI iOS app:












https://medium.com/iconominet/iconomi-app-updates-dcb4f49473d3


https://twitter.com/iconominet/status/998919658056101890

[muleroaa]

The 9th (out of 10) new crypto to be added to ICONOMI will be Litecoin:

https://twitter.com/iconominet/status/998937946706403329

What is everyone hoping to be the 10th? Me personally, NEO. It seems strange that they do not offer this yet.

And there it is, the 10th and last crypto to be added to ICONOMI in this series will be $NEO!

https://twitter.com/iconominet/status/999301416954007553

[RichardReMark]

I could have bought a Lambo (i am more a Tesla guy i guess it will take us more time to go to mars now) instead i bougth ICN emagine how i feel and im 24  .  

I've been holding ICN since ICO and i'm very disappointed with how its panned out. Told we were buying into ownership of the Platform and would be rewarded with ETH dividends, instead we have funded the Iconomi platform, made the team very rich and got very little in return.

[Mr.Pro]

People should start suggesting to the ICONOMI team to invest on Nexo because they would literally get 30% net profit every month this would also give them profits while waiting for the price to go up.

[sud]

@Mr.Pro

Damn right! I haven't heard about the team investing in any new ICO for a while now (did I miss something?), but those dividend tokens (SXDT, NEXO) and exchange tokens (BNB, AURA) are one of the best investments. If ICONOMI would put some serious amount of ETH in one of such projects, monthly payouts would be great. They should step up their ICO game, it's not 2017 anymore...