Gnosis. Greedy developers

[cryptonia]

The developers of Gnosis are being way too greedy.
They could end up with $12.5m and also own more than 50% od the coins as well.

Gnosis is an open source blockchain project, not a private company.

They can't make it closed source, yet they act as though it is. They need us to secure the network. We don't need them.



https://www.reddit.com/r/ethtrader/comments/64ch1j/gnosis_crowdsale_price/?sort=top

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[mamamae]

i would agree if someone can do a better job then them and on that i doubt
anyone in the crypto could take people to use a copy of the platform and not the original.

[cahkalem]

The developers of Gnosis are being way too greedy.
They could end up with $12.5m and also own more than 50% od the coins as well.

Gnosis is an open source blockchain project, not a private company.

They can't make it closed source, yet they act as though it is. They need us to secure the network. We don't need them.



https://www.reddit.com/r/ethtrader/comments/64ch1j/gnosis_crowdsale_price/?sort=top

own more than 50% of the coin ? are you serious ?
this is the best strategy ever in this crypto industry,,
because the dev will easily dumping the price

and congrats for the dev 

[cryptonia]

The developers of Gnosis are being way too greedy.
They could end up with $12.5m and also own more than 50% od the coins as well.

Gnosis is an open source blockchain project, not a private company.

They can't make it closed source, yet they act as though it is. They need us to secure the network. We don't need them.



https://www.reddit.com/r/ethtrader/comments/64ch1j/gnosis_crowdsale_price/?sort=top

own more than 50% of the coin ? are you serious ?
this is the best strategy ever in this crypto industry,,
because the dev will easily dumping the price

and congrats for the dev  

Looks like the devs might own more than 90% of the coins. What a joke,

[cryptonia]

Stupid developers. Stupid investors. Worst ICO  ever   

[xtyling]

Yes they tried to make best of the ICO structure. They are now valued at 300m with only 4% of distributed coins

[testerx]

lol unbelievable...people gave $12.5 million to get 5% of the tokens...
Once they're finished dumping this thing will be fractions of a cent.

[testz]

lol unbelievable...people gave $12.5 million to get 5% of the tokens...
Once they're finished dumping this thing will be fractions of a cent.

Looks like real ICO will begins when developers start selling remaining 95.8% coins:
https://steemit.com/ethereum/@kingscrown/gnosis-ico-raised-12-5million-dollars-in-10-minutes-making-the-token-312-million-usd-market-capitalization-worth

[cryptonia]

lol unbelievable...people gave $12.5 million to get 5% of the tokens...
Once they're finished dumping this thing will be fractions of a cent.

Looks like real ICO will begins when developers start selling remaining 95.8% coins:
https://steemit.com/ethereum/@kingscrown/gnosis-ico-raised-12-5million-dollars-in-10-minutes-making-the-token-312-million-usd-market-capitalization-worth

IIUC the developers can't sell for 12 months. 12 months is a long time in crypto.

But why would the developers want 95%. They must have been happy to end up with 95% or they would not have had that option open.

[JeffBrad12]

The developers of Gnosis are being way too greedy.
They could end up with $12.5m and also own more than 50% od the coins as well.

Gnosis is an open source blockchain project, not a private company.

They can't make it closed source, yet they act as though it is. They need us to secure the network. We don't need them.



https://www.reddit.com/r/ethtrader/comments/64ch1j/gnosis_crowdsale_price/?sort=top

Just 5% worth of shares have sold by the dev, It seems very odd for me. They're trying to make it will so expensive if the coin already tradable on the exchange site. Over 95% has held by the dev. My guess there will be manipulated on the gnosis price in the future by the dev.
So, the early adopters must pay more to buy some of gnosis token in the future, This as a scenario by the dev.

[cryptonia]

The developers of Gnosis are being way too greedy.
They could end up with $12.5m and also own more than 50% od the coins as well.

Gnosis is an open source blockchain project, not a private company.

They can't make it closed source, yet they act as though it is. They need us to secure the network. We don't need them.



https://www.reddit.com/r/ethtrader/comments/64ch1j/gnosis_crowdsale_price/?sort=top

Just 5% worth of shares have sold by the dev, It seems very odd for me. They're trying to make it will so expensive if the coin already tradable on the exchange site. Over 95% has held by the dev. My guess there will be manipulated on the gnosis price in the future by the dev.
So, the early adopters must pay more to buy some of gnosis token in the future, This as a scenario by the dev.

Going to be hard to manipulate the price. For the price to stay at the ICO level someone is going to have to buy the tokens at $31.

I doubt anyone will do that. This will crash, and people will feel screwed because the developers did not take care to make sure they explained this new system.

[puremage111]

tbh its totally ridiculous, $12.5M within short frame of time is good

But just less than 10% of coins?

Seems like a shark

[cabron]

Gnosis Classic? 
If someone will do it and do just the same thing without founders being greedy, I think the rest will. bet? There are however projects like it that exist already. SONM I think is just one. There's also Elastic and Golem.

[crypticj]

Its not developers fault it was supposed to be dutch auction but the investors rushed in from the fear of missing out so the amount of coin sold was minimal

longer would have waited cheaper the coin would have been.

There target was to raise $12.5million % of coins owned by investor was upto investors.

Like i said Investors messed up if you ask me its a classic sign of bubble.

[cryptonia]

Gnosis Classic? 
If someone will do it and do just the same thing without founders being greedy, I think the rest will. bet? There are however projects like it that exist already. SONM I think is just one. There's also Elastic and Golem.

Aren't Sonm Golem and Elastic supercomputer projects? This is prediction markets.
Auger is one project that does this. There must be others though, and for sure other projects will arise before the 95% can be sold in 12 months time

[cryptonia]

Like i said Investors messed up if you ask me its a classic sign of bubble.

It could have been ok, as long as the final tokens were bought at a low price.
That's the problem with buying too early in this situation. Someone else can tip it over the line forcing you to pay the high price, if you bid early.

The developers should have thought this through. The developers and Vitalik might be talented in some techy areas but have little common sense.


Or as some wag on reddit remarked..."how come they didn't predict this?"

[cryptohunter]

https://www.reddit.com/r/ethtrader/comments/67afmd/gnosis_auction_reaches_goal_after_12_minutes/


another insta ICO .... these ICO's get worse and worse.

If an ico does not give at least 1 month of fair participation opportunity to all it should be labelled a scam and treated as a pariah.

When coins were instamined on POW if the dev instamined 10% it was called a scam.

Now with ICO's you have devs being given 12m dollars and taking all the coins.

If you invested in this then you better hope their are a bunch of people who are willing to be manipulated by the developers to sell more as they control the market. But to believe this project is instantly a top 5 coin is far fetched so most investors will lose.

All these super computer projects and prediction projects look like manipulated scams to me. Sure on some you will be able to make some returns but still their markets are manipulated to hell those propping them up are going to get burned hard one day.

[BiTZeD]

I do not even know this ICO. For me an ICO that last so short and that is not even presented publicly here is not worth anything.

[axrhuls]

They are not greedy, their investors have no brain, the rule is there, but they panic bought, they deserve to lose money if GNO will be 10 usd. It is not worth so 30 usd.

[cryptonia]

They are not greedy, their investors have no brain, 

These two things are not mutually exclusive