GolumDeMort, LoyceV please check your inbox.
We plan to answer any question in private one by one if need it.
I urge you to answer questions in public, instead of behind closed doors.
Yes, we need also some clarifications of what
LoyceV pointed out.
You can directly answer him point by point. It's good that someone scrutinized what you had been saying in your ANN.
Normally, people here will ask for translation bounties without even understanding the content itself.
And now, that someone spent some of his time to review what has been stated, you just decided to address this privately.
And for the passive income that you are promising "for everyone on earth"? Now, this project smells something fishy.
Well, we have obligations only for our investors and to those who are committed to this project and for nobody else.
Hereunder i paste the message we sent to LoyceV and it may be suitable also for those who are replying to any thread on this forum only to show their signatures. I'm not saying LoyceV or anyone else replied for that purpose.
Furthermore we like to reply potential investors personally through pm and we are planning to keep doing that.
Hi LoyceV,
thank you for taking the time to reply at our thread.
First of all is good to hear that you also had the same idea about:
- I've been thinking about this for a couple of months now, it would be very nice to be able to invest in an index fund with tokens I can story and trade by myself, instead of manually investing in altcoins one by one.
I think that we all want the same thing and is good if everybody has criticism and work to achieve our common goal. Please take the time also to visit our site and to read our whitepaper. Different questions you have may be answered allready there.
If not is because we cannot disclose more than that at moment.
There's nothing more cruel than seeing someone getting rich with your idea.
Have please a little of patience and you will understand.
- It raises several questions though. First question: how do you select coins for the fund? Market capitalization is a debated measure, selling 1 out of a billion coins for $50 would put a new coin on top of the list. It also changes often, so this isn't an ideal method to choose coins.
It may be a debated measure and that is your opinion but is the best one at the moment. To answer at your second question, the selection of the 20 coins doesn't change often.
- So you're just creating tokens to sell, create a bubble/hype, and hope someone will actually start using your index for investments? In my opinion your approach is wrong, starting to sell an empty token instead of shares in an index fund.
I don't know what is more empty a token/currency used by people or a share in an unknown index fund.
But again that is your opinion and i'm happy you keep contributing to our project.
You can contact us also through mail:
info@bitotal.com or
developer@bitotal.comTake care and maybe i hear from you soon.
