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Author Topic: [ANN] Genesis Vision - Decentralized platform for the trust management  (Read 79745 times)
the_donald
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October 11, 2017, 05:31:13 AM
 #681

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• Managers issue their own branded cryptocurrency, which can be freely traded by investors.

What? In which way they will be issue their own cryptocurrency? I dont think, that is good idea... Every manager can make hundreds cryptocurrency, but in fact, this will be wourth nothing...

investors will invest on good traders. before they invest theyn can check trade history and strategy bio data. this is one first rule all invester doing before investing money.

You read, what i wrote? I asked about their own tokens! May be devs can explaine this?

this is worrisome as we could be dealing with a flood of cryptos from the managers, confusing matters further.

toolucky98
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October 11, 2017, 05:39:23 AM
 #682

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• Managers issue their own branded cryptocurrency, which can be freely traded by investors.

What? In which way they will be issue their own cryptocurrency? I dont think, that is good idea... Every manager can make hundreds cryptocurrency, but in fact, this will be wourth nothing...

investors will invest on good traders. before they invest theyn can check trade history and strategy bio data. this is one first rule all invester doing before investing money.

You read, what i wrote? I asked about their own tokens! May be devs can explaine this?
Manager need to put some funds to make their coin valuable. Its one of the requirement to register as a manager
cantdecide
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October 11, 2017, 05:43:51 AM
 #683

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• Managers issue their own branded cryptocurrency, which can be freely traded by investors.

What? In which way they will be issue their own cryptocurrency? I dont think, that is good idea... Every manager can make hundreds cryptocurrency, but in fact, this will be wourth nothing...

investors will invest on good traders. before they invest theyn can check trade history and strategy bio data. this is one first rule all invester doing before investing money.

You read, what i wrote? I asked about their own tokens! May be devs can explaine this?
Manager need to put some funds to make their coin valuable. Its one of the requirement to register as a manager

What purpose should such a coin have? They have some funds to put in but it would be less then the amount of money they will get to trade with.
I don't think that such a coin has any value to the project itself.

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Elkmar
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October 11, 2017, 06:23:37 AM
 #684

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• Managers issue their own branded cryptocurrency, which can be freely traded by investors.

What? In which way they will be issue their own cryptocurrency? I dont think, that is good idea... Every manager can make hundreds cryptocurrency, but in fact, this will be wourth nothing...

One cryptocurrency per manager. So there will be a lot of different tokens but I'm sure only the best will remain and gain strong value.
levyashin
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October 11, 2017, 06:49:54 AM
 #685

Quote
• Managers issue their own branded cryptocurrency, which can be freely traded by investors.

What? In which way they will be issue their own cryptocurrency? I dont think, that is good idea... Every manager can make hundreds cryptocurrency, but in fact, this will be wourth nothing...

One cryptocurrency per manager. So there will be a lot of different tokens but I'm sure only the best will remain and gain strong value.

If this will get mainstream we should raise gwei on ethereum transactions. All manager with his token would definitely make ethereum blockchain slower.

Quote
• Managers issue their own branded cryptocurrency, which can be freely traded by investors.

What? In which way they will be issue their own cryptocurrency? I dont think, that is good idea... Every manager can make hundreds cryptocurrency, but in fact, this will be wourth nothing...

investors will invest on good traders. before they invest theyn can check trade history and strategy bio data. this is one first rule all invester doing before investing money.

You read, what i wrote? I asked about their own tokens! May be devs can explaine this?
Manager need to put some funds to make their coin valuable. Its one of the requirement to register as a manager

What purpose should such a coin have? They have some funds to put in but it would be less then the amount of money they will get to trade with.
I don't think that such a coin has any value to the project itself.

Probably to make it sellable again. You bought a part of the portfolio and it made a good profit, you want to sell it. Another person who is interesting with portfolio will buy yours.

SEELE^^01
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October 11, 2017, 06:54:51 AM
 #686

Quote
• Managers issue their own branded cryptocurrency, which can be freely traded by investors.

What? In which way they will be issue their own cryptocurrency? I dont think, that is good idea... Every manager can make hundreds cryptocurrency, but in fact, this will be wourth nothing...

investors will invest on good traders. before they invest theyn can check trade history and strategy bio data. this is one first rule all invester doing before investing money.

You read, what i wrote? I asked about their own tokens! May be devs can explaine this?
Manager need to put some funds to make their coin valuable. Its one of the requirement to register as a manager

what if they dont put some funds into their tokens? their project will fail or will the tokens worth something when generated?
Mystic90
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October 11, 2017, 07:34:28 AM
 #687

Quote
• Managers issue their own branded cryptocurrency, which can be freely traded by investors.

What? In which way they will be issue their own cryptocurrency? I dont think, that is good idea... Every manager can make hundreds cryptocurrency, but in fact, this will be wourth nothing...

One cryptocurrency per manager. So there will be a lot of different tokens but I'm sure only the best will remain and gain strong value.

If this will get mainstream we should raise gwei on ethereum transactions. All manager with his token would definitely make ethereum blockchain slower.

Quote
• Managers issue their own branded cryptocurrency, which can be freely traded by investors.

What? In which way they will be issue their own cryptocurrency? I dont think, that is good idea... Every manager can make hundreds cryptocurrency, but in fact, this will be wourth nothing...

investors will invest on good traders. before they invest theyn can check trade history and strategy bio data. this is one first rule all invester doing before investing money.

You read, what i wrote? I asked about their own tokens! May be devs can explaine this?
Manager need to put some funds to make their coin valuable. Its one of the requirement to register as a manager

What purpose should such a coin have? They have some funds to put in but it would be less then the amount of money they will get to trade with.
I don't think that such a coin has any value to the project itself.

Probably to make it sellable again. You bought a part of the portfolio and it made a good profit, you want to sell it. Another person who is interesting with portfolio will buy yours.

What is nobody wants to buy it? Will genesis have a buy back price based on the performance of the manager? Will the manager buy them back?

For example I am invested in a crypto casino ico, the tokens value are based on the casino bankroll. So basicly if the casino wins, the bankroll grows, token value goes up. The casino buys back tokens from investors at set time frames, if investors want this.
pynetx
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October 11, 2017, 07:51:15 AM
 #688

I don't quite understand the meaning of "• Managers issue their own branded cryptocurrency, which can be freely traded by investors."

You mean to say that managers will create new tokens rather than using the existing ones?
EgoPaintedGrey
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October 11, 2017, 08:11:10 AM
 #689

How can the investor check the manager's ability?
FIEX
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October 11, 2017, 08:13:09 AM
 #690

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• Managers issue their own branded cryptocurrency, which can be freely traded by investors.

What? In which way they will be issue their own cryptocurrency? I dont think, that is good idea... Every manager can make hundreds cryptocurrency, but in fact, this will be wourth nothing...

One cryptocurrency per manager. So there will be a lot of different tokens but I'm sure only the best will remain and gain strong value.

If this will get mainstream we should raise gwei on ethereum transactions. All manager with his token would definitely make ethereum blockchain slower.

Why should this slower the blockchain?
There wont be hundreds of managers I think.

I don't quite understand the meaning of "• Managers issue their own branded cryptocurrency, which can be freely traded by investors."

You mean to say that managers will create new tokens rather than using the existing ones?

Will these tokens not be created and running on the Genesis platform and when these tokens are transferred outside the platform they will converted to the Genesis token?
viljy
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October 11, 2017, 08:51:59 AM
 #691


Thank you for the explanation. But the second question, probably I could not properly ask. That's what I mean. Suppose the manager sold 1,000 coins for $ 1. Then the manager got a profit and now has $ 10,000. Then these coins, which already own investors, also increase in price to $ 10? And to get your profit, the investor can just sell these coins? Or the second option: the manager pays to all holders of coins profit in proportion to the number of coins they have? And then the owners of coins can receive profit from the manager while owning coins?
In the first variant, the profit itself does not directly go to investors. In the second variant the profit goes to them directly, minus the remuneration of the manager (commission).
From the documents, I did not quite understand how exactly the profit is made by investors.
Holders of coins receive part of the profits of the manager, according to their share. The investor has the right to transfer coins to another Ethereum wallet or sell on the internal exchange.
A manager doesn't distribute the profit, the profit will be distributed automatically by the smart contract.
The second varient is true - "the profit goes to them directly, minus the remuneration of the manager (commission)."


Thank you for the explanation. Thus, manager coins are a kind of shares that pay dividends, as long as they have me. In addition, manager coins can grow in value. But it is possible and this option: the manager issues a new issue of his coins, for example, increasing his security deposit, and this amount produces coins. Then the number of manager coins increases and the price of coins may decrease? And it's possible that the profit on each coin may also decrease, if the manager could not increase the profit even after obtaining additional working capital, as the number of coins increased.
alphashotgun
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October 11, 2017, 09:00:56 AM
 #692

How can the investor check the manager's ability?

excellent question i didnt found an answer to that yet. hope DEVS will give an answer
FIEX
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October 11, 2017, 09:02:17 AM
 #693

Nice review about Genenis Vision:

https://www.youtube.com/watch?v=yEj9jWMWn-g

You must check this out.
Done by Ivan on Tech, really like this crypto Youtuber

matjas
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October 11, 2017, 09:17:37 AM
 #694

How can the investor check the manager's ability?

excellent question i didnt found an answer to that yet. hope DEVS will give an answer


You don't need dev to answer this question, it's in the whitepaper. All managers' trading history, profits and losses become available after the reporting period, so investors can see all of it and decide if they wanna invest with this manager or not. It's a fat chance that a manager's future performance will be similar to the one in the past.

alphashotgun
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October 11, 2017, 09:20:46 AM
 #695

How can the investor check the manager's ability?

excellent question i didnt found an answer to that yet. hope DEVS will give an answer


You don't need dev to answer this question, it's in the whitepaper. All managers' trading history, profits and losses become available after the reporting period, so investors can see all of it and decide if they wanna invest with this manager or not. It's a fat chance that a manager's future performance will be similar to the one in the past.

alright im wondering how i could miss that - seems legit at all and thank you for the quick reply
Yasemin
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October 11, 2017, 09:28:45 AM
 #696

Nice review about Genenis Vision:

https://www.youtube.com/watch?v=yEj9jWMWn-g

You must check this out.
Done by Ivan on Tech, really like this crypto Youtuber



Thanx for the link!! I like Ivan on Tech, watched many videos of him already. However this is a sponsored video, but that doesnt mean its bad.
I watched it, and I understand the project a lot better now. Really recommend it!

matjas
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October 11, 2017, 09:33:17 AM
 #697

Nice review about Genenis Vision:

https://www.youtube.com/watch?v=yEj9jWMWn-g

You must check this out.
Done by Ivan on Tech, really like this crypto Youtuber



Great video! Thanks for the link! This project is quite complicated and I think videos like this will contribute a lot to the better understanding. And that's the key to attracting more people including investors to this platform.

sockpuppet1911
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October 11, 2017, 10:00:05 AM
 #698

Nice review about Genenis Vision:

https://www.youtube.com/watch?v=yEj9jWMWn-g

You must check this out.
Done by Ivan on Tech, really like this crypto Youtuber



Not only review but an interview!, i usually don't watch reviews but interviews with devs are always interesting.
Elkmar
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October 11, 2017, 10:03:18 AM
 #699

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• Managers issue their own branded cryptocurrency, which can be freely traded by investors.

What? In which way they will be issue their own cryptocurrency? I dont think, that is good idea... Every manager can make hundreds cryptocurrency, but in fact, this will be wourth nothing...

One cryptocurrency per manager. So there will be a lot of different tokens but I'm sure only the best will remain and gain strong value.

If this will get mainstream we should raise gwei on ethereum transactions. All manager with his token would definitely make ethereum blockchain slower.

Quote
• Managers issue their own branded cryptocurrency, which can be freely traded by investors.

What? In which way they will be issue their own cryptocurrency? I dont think, that is good idea... Every manager can make hundreds cryptocurrency, but in fact, this will be wourth nothing...

investors will invest on good traders. before they invest theyn can check trade history and strategy bio data. this is one first rule all invester doing before investing money.

You read, what i wrote? I asked about their own tokens! May be devs can explaine this?
Manager need to put some funds to make their coin valuable. Its one of the requirement to register as a manager

What purpose should such a coin have? They have some funds to put in but it would be less then the amount of money they will get to trade with.
I don't think that such a coin has any value to the project itself.

Probably to make it sellable again. You bought a part of the portfolio and it made a good profit, you want to sell it. Another person who is interesting with portfolio will buy yours.

Well, the scalabilities issues of the Ethereum blockchain will be corrected in the months to come.
the_donald
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October 11, 2017, 10:18:58 AM
 #700

How can the investor check the manager's ability?

excellent question i didnt found an answer to that yet. hope DEVS will give an answer


thru the reputation system that the project  will have in place.

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