NULL

[bitcoindima]

why are you looking to assets only?
First time in the crypto world  that a coin get visa program manager, this will be used for spending a lot of crypto currencies, in shops everywhere over the world, this is world news

[BTCMILLIONAIRE]

why are you looking to assets only?
First time in the crypto world  that a coin get visa program manager, this will be used for spending a lot of crypto currencies, in shops everywhere over the world, this is world news

There'll be plenty of these cards in the long run anyways.

I invested a significant sum because I was expecting to participate in the gigantic amount of revenue the fees are going to produce.

And now this aspect is completely gone and Kris apparently claims that there would be "absolutely no point" in this anyways.

Which makes him look very dishonest, since the fees will add up to hundreds of millions to several billions in yearly revenue that are now 100% going to the MCO foundation and 0% to token holders.

Of course there's no point in sharing the hundreds of millions and potential billions of yearly revenue from Kris' point of view.

But the token holders just got screwed real hard if this will be the state of affairs.

[aqzu]

Just sell your MCO guys. The party is end!! It will never recover. This is the last time you will see the price. It will go down even more.

[BTCMILLIONAIRE]

Here's an example since you guys don't seem to be capable of Math.

Assume you own 10,000 MCO tokens. That is 0.001% of the total supply.

Now fast forward about a decade. MCO has become a giant and earns a yearly revenue of 1 Billion USD in platform fees (transactions, ATM withdrawals, conversions, etc.).

Since you own 0.001% of the tokens, you are entitled to a share of 1 Million USD.


This is what was promised and will no longer be delivered. And Kris says this is "pointless", which makes him either clueless, or dishonest. I hope it's the first and that he's going to find a workaround for this, like SONM already did, but I'm not having any hopes for this after his statement.

[johnnyspb]

Bought at 180 today and already lost 30% 

[hastrup]

why are you looking to assets only?
First time in the crypto world  that a coin get visa program manager, this will be used for spending a lot of crypto currencies, in shops everywhere over the world, this is world news

There'll be plenty of these cards in the long run anyways.

I invested a significant sum because I was expecting to participate in the gigantic amount of revenue the fees are going to produce.

And now this aspect is completely gone and Kris apparently claims that there would be "absolutely no point" in this anyways.

Which makes him look very dishonest, since the fees will add up to hundreds of millions to several billions in yearly revenue that are now 100% going to the MCO foundation and 0% to token holders.

Of course there's no point in sharing the hundreds of millions and potential billions of yearly revenue from Kris' point of view.

But the token holders just got screwed real hard if this will be the state of affairs.

So your are saying that because we dont get any of the revenue the token is worthless? but if a company make millions and billions how is it the token is worthless? i dont know anything just want to hear your opinion      

[Croin]

Bought at 180 today and already lost 30% 

Yeah it seems not a very good time to buy alts during a Bull run on BTC everything falls. You shall try to wait a bit.

[bitcoindima]

a lot of coins dont have asset contracts and they are worth a lot of money

[cryptohunter]

why are you looking to assets only?
First time in the crypto world  that a coin get visa program manager, this will be used for spending a lot of crypto currencies, in shops everywhere over the world, this is world news

There'll be plenty of these cards in the long run anyways.

I invested a significant sum because I was expecting to participate in the gigantic amount of revenue the fees are going to produce.

And now this aspect is completely gone and Kris apparently claims that there would be "absolutely no point" in this anyways.

Which makes him look very dishonest, since the fees will add up to hundreds of millions to several billions in yearly revenue that are now 100% going to the MCO foundation and 0% to token holders.

Of course there's no point in sharing the hundreds of millions and potential billions of yearly revenue from Kris' point of view.

But the token holders just got screwed real hard if this will be the state of affairs.

So your are saying that because we dont get any of the revenue the token is worthless? but if a company make millions and billions how is it the token is worthless? i dont know anything just want to hear your opinion      

if you were promised a share of the millions and billions then got zero... surely then you can see there is an issue there?

[aqzu]

Look at the chart guys

11/01/2017 02:36:17 AM    
SELL
   0.00130020    6.19332268    0.00805256
11/01/2017 02:36:17 AM    
SELL
   0.00130019    612.69774611    0.79662348
11/01/2017 02:36:17 AM    
SELL
   0.00130012    433.39708130    0.56346821
11/01/2017 02:36:17 AM    
SELL
   0.00130012    38.45848849    0.05000065
11/01/2017 02:36:17 AM    
SELL
   0.00130011    0.73474734    0.00095525
11/01/2017 02:36:17 AM    
SELL
   0.00130011    52.99510015    0.06889946
11/01/2017 02:36:17 AM    
SELL
   0.00130011    1534.46284082    1.99497048
11/01/2017 02:36:17 AM    
SELL
   0.00130000    1113.36028523    1.44736837
11/01/2017 02:35:58 AM    
SELL
   0.00130012    4.25954763    0.00553792
11/01/2017 02:35:53 AM    
BUY
   0.00130828    56.12336659    0.07342508


Everybody is selling in a big amount of MCO. It is time  for all of you to really get out of this token. This give you nothing.

[DigitalNinja]

Here's an example since you guys don't seem to be capable of Math.

Assume you own 10,000 MCO tokens. That is 0.001% of the total supply.

Now fast forward about a decade. MCO has become a giant and earns a yearly revenue of 1 Billion USD in platform fees (transactions, ATM withdrawals, conversions, etc.).

Since you own 0.001% of the tokens, you are entitled to a share of 1 Million USD.


This is what was promised and will no longer be delivered. And Kris says this is "pointless", which makes him either clueless, or dishonest. I hope it's the first and that he's going to find a workaround for this, like SONM already did, but I'm not having any hopes for this after his statement.

Kris states that with 100k card users all of the tokens for sale today will be locked up for the use of a "premium" card. So this could mean a decent demand for the token. if the token reached $100 the 10,000 mco in your example would be worth $1,000,000

[BTCMILLIONAIRE]

why are you looking to assets only?
First time in the crypto world  that a coin get visa program manager, this will be used for spending a lot of crypto currencies, in shops everywhere over the world, this is world news

There'll be plenty of these cards in the long run anyways.

I invested a significant sum because I was expecting to participate in the gigantic amount of revenue the fees are going to produce.

And now this aspect is completely gone and Kris apparently claims that there would be "absolutely no point" in this anyways.

Which makes him look very dishonest, since the fees will add up to hundreds of millions to several billions in yearly revenue that are now 100% going to the MCO foundation and 0% to token holders.

Of course there's no point in sharing the hundreds of millions and potential billions of yearly revenue from Kris' point of view.

But the token holders just got screwed real hard if this will be the state of affairs.

So your are saying that because we dont get any of the revenue the token is worthless? but if a company make millions and billions how is it the token is worthless? i dont know anything just want to hear your opinion      

If the company makes millions and billions and the token doesn't grant you a way to participate in its profits, the token is useless.

For example, if I make 100 Million a day and create a token and give it out to people, the token might get some sentimental collectors value if I was a popular figure. But other than that it would be worthless, since it won't give you any slice of my 100 Million.

During the ICO, the MCO token granted you a slice of the pie. Since today's news it no longer does. So all the money that MonaCo will earn will go to Kris and his team. Not to the token holders.

[BTCMILLIONAIRE]

Here's an example since you guys don't seem to be capable of Math.

Assume you own 10,000 MCO tokens. That is 0.001% of the total supply.

Now fast forward about a decade. MCO has become a giant and earns a yearly revenue of 1 Billion USD in platform fees (transactions, ATM withdrawals, conversions, etc.).

Since you own 0.001% of the tokens, you are entitled to a share of 1 Million USD.


This is what was promised and will no longer be delivered. And Kris says this is "pointless", which makes him either clueless, or dishonest. I hope it's the first and that he's going to find a workaround for this, like SONM already did, but I'm not having any hopes for this after his statement.

Kris states that with 100k card users all of the tokens for sale today will be locked up for the use of a "premium" card. So this could mean a decent demand for the token. if the token reached $100 the 10,000 mco in your example would be worth $1,000,000

Only if another 100k people try to get an additional 100k cards. Which they won't if the amount of tokens required stays the same (since it'll be too expensive). And if the amount of tokens goes down, the value increase will be less.
But all that aside, this was always going to be a thing from the start, on top of the share of fees.

[lonesomestranger]

I don't know if they will... but if they do announce VISA agreement this token will for sure skyrocket to the highest moon even seen.

Honestly, I dont know if will MCO value will rise even if VISA approval is announced, because there are a lot of projects having already VISA or MASTERCARD implemented, projects with a real working product, and their token is much cheaper than MCO. MCO is way overvaluated!

[demiculus]

just to get a debit (not even credit) card.

Isn't debit card better?

We should get some answers in q&a video which suppose to be published tomorrow.

Where did you hear about a Q&A video?

[demiculus]

Tomorrow Kris will answer community members  questions by video conference.

where did you hear this? where will the conference take place & at what time?

[DigitalNinja]

Here's an example since you guys don't seem to be capable of Math.

Assume you own 10,000 MCO tokens. That is 0.001% of the total supply.

Now fast forward about a decade. MCO has become a giant and earns a yearly revenue of 1 Billion USD in platform fees (transactions, ATM withdrawals, conversions, etc.).

Since you own 0.001% of the tokens, you are entitled to a share of 1 Million USD.


This is what was promised and will no longer be delivered. And Kris says this is "pointless", which makes him either clueless, or dishonest. I hope it's the first and that he's going to find a workaround for this, like SONM already did, but I'm not having any hopes for this after his statement.

Kris states that with 100k card users all of the tokens for sale today will be locked up for the use of a "premium" card. So this could mean a decent demand for the token. if the token reached $100 the 10,000 mco in your example would be worth $1,000,000

Only if another 100k people try to get an additional 100k cards. Which they won't if the amount of tokens required stays the same (since it'll be too expensive). And if the amount of tokens goes down, the value increase will be less.
But all that aside, this was always going to be a thing from the start, on top of the share of fees.

I think the 100k users will soon come. Just being able to put fiat into your MCO account and swap it to crypto is great and then if i put my spending money for the month on the account i will also aquire 0.75% cash back which i can get more crypto with. i see value in the service of it all tbh

[delpiero10]

just to get a debit (not even credit) card.

Isn't debit card better?

We should get some answers in q&a video which suppose to be published tomorrow.

Where did you hear about a Q&A video?

from slack: https://www.dropbox.com/s/5kt3sofdmobacu5/kris_in_slack-oct31st2017.pdf?dl=0

[Im_here_just_for_monaco]

Here's an example since you guys don't seem to be capable of Math.

Assume you own 10,000 MCO tokens. That is 0.001% of the total supply.

Now fast forward about a decade. MCO has become a giant and earns a yearly revenue of 1 Billion USD in platform fees (transactions, ATM withdrawals, conversions, etc.).

Since you own 0.001% of the tokens, you are entitled to a share of 1 Million USD.


This is what was promised and will no longer be delivered. And Kris says this is "pointless", which makes him either clueless, or dishonest. I hope it's the first and that he's going to find a workaround for this, like SONM already did, but I'm not having any hopes for this after his statement.

Kris states that with 100k card users all of the tokens for sale today will be locked up for the use of a "premium" card. So this could mean a decent demand for the token. if the token reached $100 the 10,000 mco in your example would be worth $1,000,000

Only if another 100k people try to get an additional 100k cards. Which they won't if the amount of tokens required stays the same (since it'll be too expensive). And if the amount of tokens goes down, the value increase will be less.
But all that aside, this was always going to be a thing from the start, on top of the share of fees.

I hope You will bring this question to the LIVE Q&A with Kris

[BTCMILLIONAIRE]

Here's an example since you guys don't seem to be capable of Math.

Assume you own 10,000 MCO tokens. That is 0.001% of the total supply.

Now fast forward about a decade. MCO has become a giant and earns a yearly revenue of 1 Billion USD in platform fees (transactions, ATM withdrawals, conversions, etc.).

Since you own 0.001% of the tokens, you are entitled to a share of 1 Million USD.


This is what was promised and will no longer be delivered. And Kris says this is "pointless", which makes him either clueless, or dishonest. I hope it's the first and that he's going to find a workaround for this, like SONM already did, but I'm not having any hopes for this after his statement.

Kris states that with 100k card users all of the tokens for sale today will be locked up for the use of a "premium" card. So this could mean a decent demand for the token. if the token reached $100 the 10,000 mco in your example would be worth $1,000,000

Only if another 100k people try to get an additional 100k cards. Which they won't if the amount of tokens required stays the same (since it'll be too expensive). And if the amount of tokens goes down, the value increase will be less.
But all that aside, this was always going to be a thing from the start, on top of the share of fees.

I hope You will bring this question to the LIVE Q&A with Kris

I'm not sure when the Live Q&A is, but the question has already been redirected to Kris.