Could be altcoin provided by diamonds?

[borishaifa]

Recently, I have read about one new project in the altcoin market (Kela.io) and now, I have a very interesting question to you, guys. So, what do you think - could be really any altcoin (even theoretically) provided by diamonds?? You know, I am tired of all that bounties, which in reality are just scams. And that is why, want to get your opinion to the subject. Thanks.

[ludovicvuillier]

Hey, I thought I'd answer this myself
The beauty of it is that we are buying the diamonds as soon as the first buyers buy the KELA coins. We buy them our network since we have some very good connections in the diamond industry that come from 1) my personal background 2) the fact that we created the world's only tradable diamond index (IDXUSD). All of the diamond certificates will be posted online for public viewing.

This means that if something happens to the crypto economy, coin holders will be able to redeem their coins for the diamonds held in storage.

And for anyone interested, you should check out our Tokens of Appreciation promotion (details on our homepage - www.kela.io)

[borishaifa]

Thank you for your answer. And have you ever thought, that bitcoin will be more expensive than diamond?

[Seansky]

Thank you for your answer. And have you ever thought, that bitcoin will be more expensive than diamond?

I have thought that bitcoin will be more expensive than diamondafter all some financial expert namely Peter Thiel, the cofounder of PayPal believes in the potential of bitcoin being the virtual gold. If it were to be a future gold, bitcoin still has a lot of potential left in it and it might surpass the price of diamonds soon. It is also very likely that bitcoin will surpass other previous metals that are way more expensive than diamonds.

[ask]

I never buy or trades diamonds. They are all against to freedom. All diamonds are bloody for me.
Kids are working in diamond mines and they have to do this to live. I will not support any abuse of kids or humanity.

[BurntSnow]

I never buy or trades diamonds. They are all against to freedom. All diamonds are bloody for me.
Kids are working in diamond mines and they have to do this to live. I will not support any abuse of kids or humanity.

I really agree with you thats why we interested in Bitcoin, because its decentralized, because its far away from violence of imperialism.

[kumiskura]

there're a lot of project similiar to that one a years ago,
and also it's not the first time i heard a project backed so called 'diamond' or something like that.
even them who has delievered it in the end they ran away with costumer money.
it's a cover just to gain an attention from people and want to collect money in an easy way.
how can a project based and backed by the diamond running an ICO or IPO or something like that?
trully ridiculous in my opinion

[Ging]

i disgree with you on just one thing and that is not all bounties are scams you should pay attentino the project that you are engaging in because some bounties are realy benifitial read about the dev team and the whitepaper and good luck my freind benifiting from bounties.

[ludovicvuillier]

I never buy or trades diamonds. They are all against to freedom. All diamonds are bloody for me.
Kids are working in diamond mines and they have to do this to live. I will not support any abuse of kids or humanity.

Some diamonds are indeed like that and those diamonds don't have Kimberly certificates.

Nowadays, all reputable diamond buyers will ask for a Kimberly certificate whenever buying rough diamonds.

[ludovicvuillier]

there're a lot of project similiar to that one a years ago,
and also it's not the first time i heard a project backed so called 'diamond' or something like that.
even them who has delievered it in the end they ran away with costumer money.
it's a cover just to gain an attention from people and want to collect money in an easy way.
how can a project based and backed by the diamond running an ICO or IPO or something like that?
trully ridiculous in my opinion

Hey, let me explain to you how we are different

First of all, look at the parent company - Live Rates Feeds. Who have created the world's first tradable diamond index. So we're not talking about a fly by night company, nor are we talking about a company that doesn't have it's basis in the diamond world. www.liveratesfeeds.com

Second, if you look at the info on the site, you will see that we start purchasing diamonds as soon as money comes in. Were we to run away with the money, then our entire company would close and what we created - the only tradable diamond index (the IDXUSD) would be completely useless and gone. And for what? For an ICO? God no. We're in the process of having some of the world's biggest stock exchanges do Due Diligence on the company since we already have 3 of the world's biggest stock brokers interested in adding this to their portfolio. If the ICO in any way endangered that, we would immediately close the ICO simply because it would not be worth it.

Third, regarding how a project can be backed by a diamond. The project is not. As in every industry, there is a small difference between the retail and wholesale price. That little difference is what gives us the cash to expand our day to day operations at Live Rates Feeds. The diamonds are there to give security to the coin holders in a manner that is completely unrelated to the Project being funded.

I am certain that as a smart thinking man (or woman) if you look at the details and the information on the site you would find the company and its projects to be far from ridiculous.

[ludovicvuillier]

i disgree with you on just one thing and that is not all bounties are scams you should pay attentino the project that you are engaging in because some bounties are realy benifitial read about the dev team and the whitepaper and good luck my freind benifiting from bounties.

Thank you!! We try to show our appreciation to everyone who is a part of our community. Not only the bounty team. We also created our Tokens of Appreciation promotion to show some love to our entire community.

And you are absolutely right that looking at the team and in this case also the parent company, makes all of the difference. That's why I invite everyone to look at the whitepaper on our site and at the parent company - www.liveratesfeeds.com

[disconnectme]

I never buy or trades diamonds. They are all against to freedom. All diamonds are bloody for me.
Kids are working in diamond mines and they have to do this to live. I will not support any abuse of kids or humanity.

I think you are committing fallacy here, do you use IPhone or any some brands made in Asia, just ask people how those products are being made and the state of the workers making them.

I like Diamond and will buy it

[ludovicvuillier]

I never buy or trades diamonds. They are all against to freedom. All diamonds are bloody for me.
Kids are working in diamond mines and they have to do this to live. I will not support any abuse of kids or humanity.

I think you are committing fallacy here, do you use IPhone or any some brands made in Asia, just ask people how those products are being made and the state of the workers making them.

I like Diamond and will buy it

True. And even with all the public "outcry" it still happens. Whereas with diamonds, reputable buyers will request a Kimberly certificate which shows that these are not blood diamonds and were sourced ethically.

[borishaifa]

Oh, my... Again that scary stories about "poor children working hard" in 21 century. By the way, I would like to find  ANY job for my children in summer- for them to to understand WHAT IS THAT at all ))) But, I have started the topic not because I don't have idea about "hard children labour nowdays" but to understand what direction is worth of working to in cryptocurrency world. Thank you in advance for comments TO THE TOPIC.

[puremage111]

Recently, I have read about one new project in the altcoin market (Kela.io) and now, I have a very interesting question to you, guys. So, what do you think - could be really any altcoin (even theoretically) provided by diamonds?? You know, I am tired of all that bounties, which in reality are just scams. And that is why, want to get your opinion to the subject. Thanks.

Hmmm, anything is possible

Seems that they are backing the coins value with Diamond

However, always take cautious and note that not every statement is true. They could state that they backed up their coins with Diamond, but in the end, it might be just an empty promise

Might need to read more to get the information

[ludovicvuillier]

Hmmm, anything is possible

Seems that they are backing the coins value with Diamond

However, always take cautious and note that not every statement is true. They could state that they backed up their coins with Diamond, but in the end, it might be just an empty promise

Might need to read more to get the information

Hey, if I may, if you look at the process you'll see we start buying diamonds as soon the ICO launches and some coins are bought. All of the certificates will be posted online for public viewing.

If you look at the parent company Live Rates Feeds, you'll see that this is not the first venture and that they are heavy in the diamond industry and the financial industry www.liveratesfeeds.com

Thanks for the feedback!

[deepcryptomine]

There have been other similar kind of projects as well. One where tokens were backed by Silver and t in the other one it was backed by Gold. The ICO for silver one failed to raise enough money. I am not sure how the ICO for tokens backed by Gold went. I will read about this project as well. If you have a link for Ann thread then please let me know.

[ludovicvuillier]

There have been other similar kind of projects as well. One where tokens were backed by Silver and t in the other one it was backed by Gold. The ICO for silver one failed to raise enough money. I am not sure how the ICO for tokens backed by Gold went. I will read about this project as well. If you have a link for Ann thread then please let me know.

https://bitcointalk.org/index.php?topic=2242596

You can also look at the site where everything is well detailed and with a lot more info www.kela.io

We tried to learn from others' mistakes so we could build something better. But even were the ICO not to succeed, the company is still a working company with a good future ahead www.liveratesfeeds.com

Let me know if you have any questions.

[asriloni]

Recently, I have read about one new project in the altcoin market (Kela.io) and now, I have a very interesting question to you, guys. So, what do you think - could be really any altcoin (even theoretically) provided by diamonds?? You know, I am tired of all that bounties, which in reality are just scams. And that is why, want to get your opinion to the subject. Thanks.

My first question, can you give me an answer why are you saying about the bounty was scam? So I can get the more explanation for you about that. If you were got scammed caused by your bounty effort to promote the ico didn't get successful and I may think that you own fault. And why?

[borishaifa]

Recently, I have read about one new project in the altcoin market (Kela.io) and now, I have a very interesting question to you, guys. So, what do you think - could be really any altcoin (even theoretically) provided by diamonds?? You know, I am tired of all that bounties, which in reality are just scams. And that is why, want to get your opinion to the subject. Thanks.

My first question, can you give me an answer why are you saying about the bounty was scam? So I can get the more explanation for you about that. If you were got scammed caused by your bounty effort to promote the ico didn't get successful and I may think that you own fault. And why?

Sorry, maybe I expreesed myself not the right way. Of course, not all bounties are scams, but there are a lot of really fake, unsuccessful, not paying and so on campaigns. And if we take airdrops the situation will be even worse.