erpbridge
Legendary
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Activity: 954
Merit: 1000
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August 14, 2017, 12:01:15 PM |
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I have a question. I like the looks of the site but i see 4 million dollar worth 40 million coins. The revenue of the site for the last 4 years has been 100-150,000$ each year. Thats 1/35th of the amount tokens are valued at. How do you guys propose that massive difference or being able to run the site for 30 years ?
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jrlichtman
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August 14, 2017, 05:01:59 PM |
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I have a question. I like the looks of the site but i see 4 million dollar worth 40 million coins. The revenue of the site for the last 4 years has been 100-150,000$ each year. Thats 1/35th of the amount tokens are valued at. How do you guys propose that massive difference or being able to run the site for 30 years ?
They were horribly under-capitalized (I've run small businesses under those conditions, and it's a significant constraint). The thesis is that a proper marketing budget (plus technical advancements that are already mostly completed) should result in a significant increase in revenue. We'll just have to see how that plays out. |
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erpbridge
Legendary
Offline
Activity: 954
Merit: 1000
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August 14, 2017, 10:22:50 PM |
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I have a question. I like the looks of the site but i see 4 million dollar worth 40 million coins. The revenue of the site for the last 4 years has been 100-150,000$ each year. Thats 1/35th of the amount tokens are valued at. How do you guys propose that massive difference or being able to run the site for 30 years ?
They were horribly under-capitalized (I've run small businesses under those conditions, and it's a significant constraint). The thesis is that a proper marketing budget (plus technical advancements that are already mostly completed) should result in a significant increase in revenue. We'll just have to see how that plays out. Even then, I don't expect it to jump to a million. Specially now that all the best sites exist like nitrogen which destroys any other sports book out of the way. Would be interesting to see how this roles out though. I feel the old investors should have been taken care of some other way. |
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jrlichtman
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August 15, 2017, 02:05:08 AM |
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I have a question. I like the looks of the site but i see 4 million dollar worth 40 million coins. The revenue of the site for the last 4 years has been 100-150,000$ each year. Thats 1/35th of the amount tokens are valued at. How do you guys propose that massive difference or being able to run the site for 30 years ?
They were horribly under-capitalized (I've run small businesses under those conditions, and it's a significant constraint). The thesis is that a proper marketing budget (plus technical advancements that are already mostly completed) should result in a significant increase in revenue. We'll just have to see how that plays out. Even then, I don't expect it to jump to a million. Specially now that all the best sites exist like nitrogen which destroys any other sports book out of the way. Would be interesting to see how this roles out though. I feel the old investors should have been taken care of some other way. I can't speak for anyone else, but I'm happier keeping my shares. |
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casinobitco (OP)
Legendary
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Activity: 1833
Merit: 1030
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August 15, 2017, 05:33:46 PM |
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I feel the old investors should have been taken care of some other way.
Please elaborate? Moving them to a liquid exchange, at a 1:1 ratio wasn't in any way 'taken care' of our loyal investors? |
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krach
Legendary
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Activity: 1851
Merit: 1020
Get Rekt
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August 15, 2017, 06:57:59 PM |
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Nobody is using and nobody will use gambling platforms mentioned on your website. For sports book, online poker, roulette and others there are reputable gambling websites like : bet365.com ; williamhill.com + many others with millions of registered and active users and all this websites have official gambling license Nobody is using? Wrong Offshore sportsbooks do heavy volume. For sports book, online poker, roulette and others there are reputable gambling websites like WH, Bet365 ect are only available to some parts of the world. On top of that they do not offer the best odds out there AND there casino games are NOT provably fair. The statement is simply incorrect. |
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bambarmia
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August 15, 2017, 08:44:54 PM |
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Nobody is using and nobody will use gambling platforms mentioned on your website. For sports book, online poker, roulette and others there are reputable gambling websites like : bet365.com ; williamhill.com + many others with millions of registered and active users and all this websites have official gambling license Nobody is using? Wrong Offshore sportsbooks do heavy volume. For sports book, online poker, roulette and others there are reputable gambling websites like WH, Bet365 ect are only available to some parts of the world. On top of that they do not offer the best odds out there AND there casino games are NOT provably fair. The statement is simply incorrect. What do you mean by offshore sports book ? Almost all first class gambling websites mentioned above are licensed in offshore. Mostly in Gibraltar and Malta. Bet365, Williamhill, Betfair and other gambling industry giants are available in over 40 countries, because online gambling is banned in some countries like USA and most African countries. The revenue of bet365 only for last year was 1.9 billion dollars. And finally : Any online gambling website MUST have official license to operate, otherwise it will be considered as ILLEGAL and it does not mater if it uses blockchain platform or not. So please do not compere Monster Byte cryptocurrency gaming platform to leading companies in gambling industry. I have nothing against this project just assuming some facts. Anyway I wish this project good luck. |
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squigita
Newbie
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Activity: 3
Merit: 0
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August 19, 2017, 07:35:00 AM |
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Having tried numerous other exchanges including some of the small ones like coinexchange.io and binance, I have to say the waves platform is horrible. I would certainly not use it to sell or buy tokens. If MBI is serious, they need to add other options and ASAP as the waves platform is hurting your first few weeks like you wouldnt believe. Marketing team need to admit quick smart that the wavesplatform does not cut the mustard yet by a long shot and act on it now.. IMO
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Isaaq.Almaguer
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August 19, 2017, 09:42:43 AM |
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Having tried numerous other exchanges including some of the small ones like coinexchange.io and binance, I have to say the waves platform is horrible. I would certainly not use it to sell or buy tokens. If MBI is serious, they need to add other options and ASAP as the waves platform is hurting your first few weeks like you wouldnt believe. Marketing team need to admit quick smart that the wavesplatform does not cut the mustard yet by a long shot and act on it now.. IMO
So impatient my friend, I agree waves sucks, but the ICO just ended recently, and I'm using this opportunity to stock up on more MBI  |
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casinobitco (OP)
Legendary
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Activity: 1833
Merit: 1030
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August 19, 2017, 12:05:41 PM |
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Having tried numerous other exchanges including some of the small ones like coinexchange.io and binance, I have to say the waves platform is horrible. I would certainly not use it to sell or buy tokens. If MBI is serious, they need to add other options and ASAP as the waves platform is hurting your first few weeks like you wouldnt believe. Marketing team need to admit quick smart that the wavesplatform does not cut the mustard yet by a long shot and act on it now.. IMO
We are working on it, getting listed on exchanges doesn't happen over night. |
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squigita
Newbie
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Activity: 3
Merit: 0
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August 19, 2017, 02:20:06 PM |
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Good to hear you guys are onto it. I think judging waves, they were indicating the site would be much smoother and credible by now too.
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casinobitco (OP)
Legendary
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Activity: 1833
Merit: 1030
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August 19, 2017, 02:38:28 PM |
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Good to hear you guys are onto it. I think judging waves, they were indicating the site would be much smoother and credible by now too.
Yea, Waves has a lot of positives (and negatives no doubt). I can tell you that the Waves software and team is still young; give them a chance... best is yet to come with Waves. |
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krach
Legendary
Offline
Activity: 1851
Merit: 1020
Get Rekt
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August 19, 2017, 06:18:38 PM |
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Waves it is great, maybe the most user friendly DEX out there.
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yabbadabba
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August 23, 2017, 03:39:48 AM
Last edit: August 23, 2017, 03:57:54 AM by yabbadabba |
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what is the ID address for this coin?
CJpRwfpBcFyA6p3g1fb7xuiArSQ7xLkNH8SD9AB4HeD9
okay, thanks
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crypt0kid
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August 24, 2017, 10:22:03 PM |
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Having tried numerous other exchanges including some of the small ones like coinexchange.io and binance, I have to say the waves platform is horrible. I would certainly not use it to sell or buy tokens. If MBI is serious, they need to add other options and ASAP as the waves platform is hurting your first few weeks like you wouldnt believe. Marketing team need to admit quick smart that the wavesplatform does not cut the mustard yet by a long shot and act on it now.. IMO
I totally disagree with you. Waves is one of the best decentralized exchanges to use. If you don't like Waves, then your problem is with DEX as a whole. The two exchanges that you listed are centralized exchanges. In case you didn't get the memo, decentralized exchanges are the way of the future, so you bet get used to the idea if you value your security. I absolutely love the platform. It only takes a few minutes to understand and once you do it's a cakewalk. |
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superbit
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August 24, 2017, 10:29:03 PM |
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I feel the old investors should have been taken care of some other way.
Please elaborate? Moving them to a liquid exchange, at a 1:1 ratio wasn't in any way 'taken care' of our loyal investors? I agree, the exchange rate should have been based on the BTC put in at the time. NOT ONE dividend or anything was paid to the ORIGINAL long term investors and now they just get diluted down. |
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AltcoinScamfinder
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August 26, 2017, 05:27:55 PM |
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Who cares about what the old investors got. I am an old share holder and the cash infusion and new plans will make us very happy in a few months.
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FOR RENT.
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PokerStein1
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August 27, 2017, 07:52:31 PM |
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Any news from the team ?
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bubblebubble
Member
Offline
Activity: 616
Merit: 23
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August 27, 2017, 08:05:37 PM |
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They received an answer from Cryptopia but still pending the listening. I think they wait anche official exchange closing to give us a feedback Any news from the team ?
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josebcn
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August 28, 2017, 03:09:31 AM |
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Having tried numerous other exchanges including some of the small ones like coinexchange.io and binance, I have to say the waves platform is horrible. I would certainly not use it to sell or buy tokens. If MBI is serious, they need to add other options and ASAP as the waves platform is hurting your first few weeks like you wouldnt believe. Marketing team need to admit quick smart that the wavesplatform does not cut the mustard yet by a long shot and act on it now.. IMO
Waves still alpha, get ready for new Waves DEX.  |
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