Schild_
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August 23, 2014, 08:45:46 PM |
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Another scam ICO idea. Bullshit.
Nope, it isn't.....it would be too dumb to set up a scam that way. These guys are far more intelligent than most of you realize I agree with this. Atleast these devs are not like USE Coin devs, who dumped their premine and I lost over 500$ just on that Now is the best time to buy INT as you will be getting more than 50% reward for Holding INT until the end of the ICO. Sorry, I must be too much of a dumb commoner... What is the guaranty they didn't buy on ICO, then dumped on us when it was way above 1.5k?
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loges
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Activity: 308
Merit: 250
Super Smash Bros. Ultimate Available Now!
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August 23, 2014, 08:48:37 PM |
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Another scam ICO idea. Bullshit.
Nope, it isn't.....it would be too dumb to set up a scam that way. These guys are far more intelligent than most of you realize Apparently they aren't smart enough to know that they lost all credibility by doing this and that's all a coin dev has. The talk right now is that people are fed up with ico's, and here they are starting one on bittrex days after three major failures. Ni they are not smarter than us. They are greedy fucking kids.
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CTRLX
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August 23, 2014, 08:48:59 PM |
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timbereagle
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August 23, 2014, 08:49:36 PM |
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9000sat and 12 million coins it makes over 1000btc market cap for 2 weeks pow. Do you think people will buy it? sorry but it is failed. It will be dumped all the way down.
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BrandonKBabcock
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August 23, 2014, 08:55:24 PM |
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Guys we know who they are and where they go to school. They have way more to lose than they stand to gain by scamming people in a way that doesn't even make sense. I'm done trying to reason or explain things to those who are so angry and selfish that they won't listen and those who lack the ability to be empathetic and/or use logic and reason or do their own research, but please stop acting like children. Cursing at others behind your keyboard and whining makes you all look like foolish wussbags.
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studio1one
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August 23, 2014, 08:57:44 PM |
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Devs. I am not happy you have moved the goalposts. I don't want itl. I want you to buy back my int at the price i paid.
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finlon
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August 23, 2014, 08:57:55 PM |
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lol Cannot be sure they didnt play us. Credibility lost. You cannot be sure of the same with any coin dev. AKA no Coin dev should have any credibility for you AKA gtfo altcoins. you really think the coin will raise only 12 BTC and developers will invest in that for only 1 - 2 BTC?
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gorgo
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August 23, 2014, 08:59:19 PM |
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not saying they are scammers just incompetent 2. IPO wont work since nobody will buy at that price
If you think you are clever buying at this price now then buy!
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BrandonKBabcock
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August 23, 2014, 09:00:49 PM |
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Credibility is only lost when some betrays trust. They didn't betray, lie or steal. They simply adapted and informed us of why. You don't like it deuces. If you do, I'll see you right next to my low bids.
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cyberhacker
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August 23, 2014, 09:03:47 PM |
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INSIGN is a bullshit!
do not expect sell at 9000 sats for bullshit.
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BrandonKBabcock
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August 23, 2014, 09:05:06 PM |
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Haha no incompetence would be proceeding with a coin that they know is ultimately doomed to fail. Damn people. It's simple. Sell or hold given the info and facts known, but don't act like you get to choose or have a right to decide how they launch their coin just because you took a chance and invested and then got upset with a choice they made...
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fartbags
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August 23, 2014, 09:05:20 PM |
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I really had faith in that, but i can see already 2 way how this dev would have make money on us, and this next ICO seems weird. 13BTC of a 500 sat coin makes a lot of growth margin if product are delivered, complaining it's not enough is surrealistic.
I agree. Just buy your own coin then keep delivering what you promised. From there you can slowly sell off as the price increases. I am sorry if you guys think that way. I obviously cannot say anything to defend myself on this , but if we wanted to do this we could have simply invested Bitcoins in the previous presale we had. the thing is you have to adjust that exchange rate to 1:1 that way you can still do a 30% ICO/IPO + the about 35% that are already out make 35% for POW The second phase will see around 30% of INL. We currently have around 5 million INT in circulation, and at the price of 0.0000080 BTC/INT , the market cap is around 46 BTC including the extra 12.5% offered. This will be merged with the new market cap of INL. If we raise 100 BTC, then the exchange(of INT/INL) will consist of half the INL coins, and this will not be contributing to the developer fund. The developer funds will primarily come from the other half. Basically INT will become a subset of INL, interms of market cap. UPDATE: We currently have around 5 million INT in circulation, and at the price of 0.00000800 BTC/INT 0.00000400 BTC/INT
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Schild_
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August 23, 2014, 09:06:05 PM |
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Truth is I don't know anything. I'm just making supposition. Yes they seem like they are linked to MIT, and I'm not convinced they are scammers. I was just in the right to expect a bit more of a luxury product from them than all this mess now. Release your website before ICO, make an ICO with a priority for your early adopters. You guys have to realize how tensed and paranoid the altcoin world is. THIS was just not working. The announcement was just gross.
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fartbags
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August 23, 2014, 09:08:09 PM |
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So is this change from INT -> INL going to change anything with my coins? If I own 1% of all INT right now will I own 1% of all INL?
I do not care if they sell the rest of the coins or let them be mined for another 8 days. I only care if they are increasing the total number of coins to ever be created.
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jiapetz
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August 23, 2014, 09:09:06 PM |
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Realize that if your first launch didn't go well, a second relaunch isn't gonna do better, especially if you don't provide a product or promised features prior to the relaunch.
If you're going to do a relaunch and also forcibly raise your marketcap by raising the ICO price, at least provide the promised features and products prior to the relaunch ICO. This whole thing just screams poor PR and any smart outsider will immediately place this in the scam bin.
Had been considering buying a nice chunk seeing the low prices for the week, but seeing how the devs work and how their planning/thinking process works, I've completely lost interest.
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cyberhacker
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August 23, 2014, 09:10:49 PM |
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So is this change from INT -> INL going to change anything with my coins? If I own 1% of all INT right now will I own 1% of all INL?
I do not care if they sell the rest of the coins or let them be mined for another 8 days. I only care if they are increasing the total number of coins to ever be created.
10 int/inl. they raised the IPO price to 9000 sats. man!
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finlon
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August 23, 2014, 09:12:12 PM |
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Realize that if your first launch didn't go well, a second relaunch isn't gonna do better, especially if you don't provide a product or promised features prior to the relaunch.
If you're going to do a relaunch and also forcibly raise your marketcap by raising the ICO price, at least provide the promised features and products prior to the relaunch ICO. This whole thing just screams poor PR and any smart outsider will immediately place this in the scam bin.
Had been considering buying a nice chunk seeing the low prices for the week, but seeing how the devs work and how their planning/thinking process works, I've completely lost interest.
I think first launch didn't go well, as they got lot of criticism of having purchased MIT emails from Tabao which wasn't true. I also agree, dev should provide InSign atleast before the end of the 2nd ICO. Without that they will have no credibility.
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foxy
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August 23, 2014, 09:13:09 PM |
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we are fixing the base price of INT at 0.0000080 BTC/INT ( Current market price) . The cost of purchasing INL at the ICO price will be equivalent to 0.0000900 BTC/INL , and all INT holders will be able to purchase it at 10 INT/ INL( this includes the 12.5% Bonus) .
looks like you might need to reanalyze your market because it's certainly not 800 anymore. also not even giving your initial investors a 1:1 trade in is a terrible decision now biting you in the ass. what's the plan if you make 13 BTC or less the second time round because with the way bittrex IPOs have gone lately it's a definite possibility.
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gorgo
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August 23, 2014, 09:13:20 PM |
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So is this change from INT -> INL going to change anything with my coins? If I own 1% of all INT right now will I own 1% of all INL?
I do not care if they sell the rest of the coins or let them be mined for another 8 days. I only care if they are increasing the total number of coins to ever be created.
they wont increase total coins but you will only get 1 INL for 10 INT so you will end up owning 0,1 % of all the coins after the relaunch
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