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Author Topic: $XAI Sapience AIFX - Decentralized AI | 11% PoS | PlumeDB,IBTP on Testnet  (Read 148852 times)
BitcoinBaBa
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December 04, 2014, 02:57:35 AM
 #181

You guys really don't give the impression you care about the long term success of this project.
Your views seem awefully short sighted.

Explain to me why having more btc to fund a project is so utterly horrible?

Have any of you done your homework on what VC's spend to fund this type of project?


Then explain why 25 btc is enough for a successful crowdsale?
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December 04, 2014, 02:59:29 AM
 #182

You guys really don't give the impression you care about the long term success of this project.
Your views seem awefully short sighted.

Explain to me why having more btc to fund a project is so utterly horrible?

Have any of you done your homework on what VC's spend to fund this type of project?


You don't look new to crypto yet you talk like one....
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December 04, 2014, 03:01:16 AM
 #183

Count me in as not a fan of this decision at all.
+1

Some us waited for the last day to invest for a reason.This is quite unprofessional to say the least.

Unprofessional gets thrown around here a lot when I don't think it's the right word. Maybe disappointing would be better Tongue

About half of all the BTC so far has come from the top 5 investors. I am curious what their opinion on the matter is. I'm sure if they have any experience in the technology space, they'd say that 100+ BTC in funding is more reasonable.

In any event, I think this is more than fair, but I am of the "crazy" opinion the per coin price should be 30k sat since $125k is beyond cheap for project of this magnitude.

I am one of the top 5 investors and would rather ask for a refund if initial terms are thrown for a toss.

Can you explain your stance?

You rather have quantity over quality?
How is one week extra for crowd funding such an atrocity?

Yes, Its quite simple.The more btc put in the less lucrative it is for a investor as there will be more coins in circulation than burned.

As the price is fixed I would rather wait for the last day of the crowdsale to invest than have to keep my btc hostage for weeks.

I whole heartedly understand that.. But that in no way is considering the long term benefits that are gained by extending the crowd funding after a dozen or so people requested more time to move funds from fiat to btc.

You must see the long term potential this project has.. Above and beyond the simple quick flip I know you have in mind.
You want AI And you want it at a $20,000 mrkt cap.. Go find me a comparable project with anywhere near this amount of funding.

The dev stated he would move forward if 25btc was invested because he has a passion to complete this project.

That does not change the fact that he has seen an immense surge in interest over the past few days.. Neither does it change the fact that yes you will get less of the market share for this coin for your initial investment, but that doesn't mean your stake will be worth any less.

Don't mean to insult or sound rude. Just trying to express my opinion.

twitter @antiiclimax syndicatelabs.io
rhkazani1
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December 04, 2014, 03:01:53 AM
 #184

Anyways no point arguing here, Dev wants to raise more BTCs, it could have been simple if he would have let us all voted, majority would have said "No" for this....
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December 04, 2014, 03:08:07 AM
 #185

Very disappointing, Dev is being greedy now! He posted 40 BTCs would be ideal, he gets 50 BTCs but yet extended for another week!
I'm just trying to please the most people, and give everyone who wants to participate the opportunity to do so.

that's what exchanges are built for

+100

Ahahahaha. That is NOT what exchanges are built for. Exchanges provide secondary liquidity to a preexisting asset. You surely can't believe that every time a stock is traded, the firm gets money, can you?

So you are telling me exchanges are not built for people who wants to participate in a coin? to have an opportunity to be able to buy it?


"Exchanges provide secondary liquidity to a preexisting asset" by allowing and giving the opportunity of other people to buy and participate in the said currency or tech
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December 04, 2014, 03:15:40 AM
 #186

Very disappointing, Dev is being greedy now! He posted 40 BTCs would be ideal, he gets 50 BTCs but yet extended for another week!
I'm just trying to please the most people, and give everyone who wants to participate the opportunity to do so.

that's what exchanges are built for

+100

Ahahahaha. That is NOT what exchanges are built for. Exchanges provide secondary liquidity to a preexisting asset. You surely can't believe that every time a stock is traded, the firm gets money, can you?

So you are telling me exchanges are not built for people who wants to participate in a coin? to have an opportunity to be able to buy it?





Let me explain you how things work.

- You have an idea. You seek investors in that idea. Maybe form a company.
- They have ownership in a paper that says they own that company. Can they sell that? Maybe, but they have to find someone and will take a hit on liquidity probably.
- Maybe later, they generate enough demand to be on a stock exchange. In this case, people who own and/or want the shares can trade, but the company has no play in this. It is a secondary market.

The problem in crypto is that coins with like $50 in daily volume are actively traded. That's why volatility is so high and we have so many junk coins. Almost every coin is insta-added to an exchange.

This whole problem you have just mentioned still doesn't answer the question, you have gone off on a tangent that is slightly related in topic but doesn't actually answer anything
BitcoinBaBa
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December 04, 2014, 03:16:17 AM
 #187

Count me in as not a fan of this decision at all.
+1

Some us waited for the last day to invest for a reason.This is quite unprofessional to say the least.

Unprofessional gets thrown around here a lot when I don't think it's the right word. Maybe disappointing would be better Tongue

About half of all the BTC so far has come from the top 5 investors. I am curious what their opinion on the matter is. I'm sure if they have any experience in the technology space, they'd say that 100+ BTC in funding is more reasonable.

In any event, I think this is more than fair, but I am of the "crazy" opinion the per coin price should be 30k sat since $125k is beyond cheap for project of this magnitude.

I am one of the top 5 investors and would rather ask for a refund if initial terms are thrown for a toss.

Can you explain your stance?

You rather have quantity over quality?
How is one week extra for crowd funding such an atrocity?

Yes, Its quite simple.The more btc put in the less lucrative it is for a investor as there will be more coins in circulation than burned.

As the price is fixed I would rather wait for the last day of the crowdsale to invest than have to keep my btc hostage for weeks.

I whole heartedly understand that.. But that in no way is considering the long term benefits that are gained by extending the crowd funding after a dozen or so people requested more time to move funds from fiat to btc.

You must see the long term potential this project has.. Above and beyond the simple quick flip I know you have in mind.
You want AI And you want it at a $20,000 mrkt cap.. Go find me a comparable project with anywhere near this amount of funding.

The dev stated he would move forward if 25btc was invested because he has a passion to complete this project.

That does not change the fact that he has seen an immense surge in interest over the past few days.. Neither does it change the fact that yes you will get less of the market share for this coin for your initial investment, but that doesn't mean your stake will be worth any less.

Don't mean to insult or sound rude. Just trying to express my opinion.

I get your point but crowd sale is a serious business and extending deadlines like this does not reflect it.Period.
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December 04, 2014, 03:20:14 AM
 #188

Re: jibble

Don't want to keep making the thread longer with a reply.

How are CoffeeCoin and EnergyCoin doing? Grin

Hahaha amazing!!

the main reason i leave those things in my sig are for this exact reason, when someone is wrong, they will try to change to subject, like mentioning something completely unrelated like someone signature, Coffee coin doesnt actually exist in the version it was then , it's a different version , its like 3 months out of date on purpose.

Thank you for that
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December 04, 2014, 03:25:36 AM
 #189

Re: jibble

Don't want to keep making the thread longer with a reply.

How are CoffeeCoin and EnergyCoin doing? Grin

Hahaha amazing!!

the main reason i leave those things in my sig are for this exact reason, when someone is wrong, they will try to change to subject, like mentioning something completely unrelated like someone signature, Coffee coin doesnt actually exist in the version it was then , it's a different version , its like 3 months out of date on purpose.

Thank you for that

Okay, I'm an idiot rolling around in my own excrement at the feet of the glorious jibble (but not getting it on jibble, cause otherwise he'd beat me for sullying his dignity). Feel better? <3

That will do
CryptShark
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December 04, 2014, 03:27:37 AM
 #190

Huh! Same crap....I am not a big investor but I wish I wouldn't have invested
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December 04, 2014, 03:32:29 AM
 #191

Very disappointing, Dev is being greedy now! He posted 40 BTCs would be ideal, he gets 50 BTCs but yet extended for another week!
I'm just trying to please the most people, and give everyone who wants to participate the opportunity to do so.

that's what exchanges are built for

Let me try and bridge this gap.
You say exchanges provide the opportunity for people to participate.
What it does not do is help fund this project further, increasing it's success rate.

The comparable projects to XAI have millions in VC funding..

twitter @antiiclimax syndicatelabs.io
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December 04, 2014, 03:52:19 AM
 #192

extended again  Huh, personally I was disappointed, though I just bought a little.

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December 04, 2014, 04:05:35 AM
 #193

Very disappointing, Dev is being greedy now! He posted 40 BTCs would be ideal, he gets 50 BTCs but yet extended for another week!
I'm just trying to please the most people, and give everyone who wants to participate the opportunity to do so.

that's what exchanges are built for

Let me try and bridge this gap.
You say exchanges provide the opportunity for people to participate.
What it does not do is help fund this project further, increasing it's success rate.

The comparable projects to XAI have millions in VC funding..


I completely agree, but i don't think many of the people here are worried about amount total invested(those objecting the extension), it's a fixed price coin, so yes the rises would be better with less sold but it's not the main point.

This is a reflection of the Dev who is in complete control of the coin at current, acting in a way that is appeasing a few peoples requests to extend the IPO while completely ignoring people who may have already invested, They reached their goal and still extended

If it had sold out, it would still be a great deal/price, but extending and changing terms in the last few hours is pretty reckless and ignorant of current investors opinions.

I agree with it being a healthier coin with better chance of success and providing support for quotient as well. if the ipo was to sell out, proper advertising would of done this in the "first" IPO without the need for changing the terms 2 different times.

But the uncertainty created by the sudden changes in terms doesn't reflect positively
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December 04, 2014, 04:23:44 AM
 #194

As I was driving to the store, I thought to myself, this decision to extend the crowd funding round was made at the last minute and that the community could of had more input regarding the decision.

That said,

I think you guys need too re-evaluate how serious the dev is.
It's not often you get a linked in and a 14 minute video explaining his intentions.

I know he didn't take the decision to extend the crowd fund lightly and had everyones concerns in mind.

There is, from what I can tell, a huge influx in interest over the past couple days. Most of this interest came with the request for an extension due to the need to convert fiat into bitcoin.

This stems from people converting to fiat during the recent bitcoin downtrend.

I honestly believe from my talks with the dev that there are more people wanting an extension than not.
Even though that is not reflected in this thread.

I'm sorry to hear the decision effected so many people negatively.

I hope you can come too see that this decision was made with the best of intentions.


twitter @antiiclimax syndicatelabs.io
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December 04, 2014, 04:37:45 AM
 #195

@ dev

how much BTC exactly do you want ?

what if in this extension, only increasing slightly, do you need another extended again ?


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December 04, 2014, 04:49:01 AM
 #196

Fool me once shame on you,
fool me twice, shame on me, more shame on you.

Pressure reveals treasure. *TM


I don't see how THE RELATIONSHIP between YOUR WORDS( YOUR WORD ) :

1,123,581 Sapience AIFX coins are being sold at only 0.0002 BTC/XAI. Unsold coins will be burned by sending to an unspendable burn address.

And the INITIAL CLAIM of one week IPO PERIOD - claim which had the illusion of trustworthyness

Somehow INCLUDED a magic formula for RELATIVE MULTIPLICATION in the minds of ponies ?

MULTIPLIED THE PERIOD THRICE FROM 7 to 21 days  ?

Be a good lad and make it fair for us weak ponies who bought into the poRNzIE masoSCHEME

BY cutting the 7 days to 2.



Get some trust - give us some real CREDit< not DUST. Don't let this be the Bust That edit may come at last.


May greed be of the past. Or somehow i mistook you for the honest bald guy ( ? ) who would hold his initial word ?

I also own 5% of XQN so you're as of now eating my food.



Have a nice ... excuse.
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December 04, 2014, 04:53:34 AM
 #197

@ dev

how much BTC exactly do you want ?

what if in this extension, only increasing slightly, do you need another extended again ?


There will not be another extension.

I've been conversing with so many people today all day long who were pleading for a little more time, so I made the call that I believe is right for both the project and the investors.  I apologize if that led to any disappointment for anyone.  But in the long run it provides a window for certain interested parties to get involved, and that will bring help on the publicity front that will benefit everyone after the crowd sale has closed.

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December 04, 2014, 04:56:10 AM
 #198

Fool me once shame on you,
fool me twice, shame on me, more shame on you.


I don't see how THE RELATIONSHIP between YOUR WORDS( YOUR WORD ) :

1,123,581 Sapience AIFX coins are being sold at only 0.0002 BTC/XAI. Unsold coins will be burned by sending to an unspendable burn address.

And the INITIAL CLAIM of one week IPO PERIOD - claim which had the illusion of trustworthyness

Somehow INCLUDED a magic formula for RELATIVE MULTIPLICATION in the minds of ponies ?

MULTIPLIED THE PERIOD THRICE FROM 7 to 21 days  ?

Be a good lad and make it fair for us weak ponies who bought into the poRNzIE masoSCHEME

BY cutting the 7 days to 2.



Get some trust - give us some real CREDit< not DUST. Don't let this be the Bust That edit may come at last.


May greed be of the past. Or somehow i mistook you for the honest bald guy ( ? ) who would hold his initial word ?

I also own 5% of XQN so you're as of now eating my food.

Have a nice c0de.

Could you be anymore dramatic?

Please explain your theory, in which, you suggest that by extending the crowd funding round you are being negatively effected as an investor of XQN?
I see it dramatically different.

twitter @antiiclimax syndicatelabs.io
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December 04, 2014, 04:56:56 AM
 #199

Very disappointing, Dev is being greedy now! He posted 40 BTCs would be ideal, he gets 50 BTCs but yet extended for another week!
I'm just trying to please the most people, and give everyone who wants to participate the opportunity to do so.

We understand you need more btc to fund this project. Definitely. However this last minute decision for extension(twice) really makes early investors disappointed and question the integrity of your words. Trust and faith in the dev is the most important thing in crypto.

I have a suggestion that will help early investors and at the same time, u can still gather more btc funding for 1more week(I hope it's really 1 more week). Win-Win solution.

Early investors that invested in the crowdsale for the past 2 weeks are rewarded with a 20% bonus. In other words, increase the price of $XAI for this final week.

0.00024 XAI/BTC


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December 04, 2014, 04:59:56 AM
 #200

Are you f*cking serious?!?  The ONLY reason I invested was because there was very little invested and the time was going to expire meaning a lot of burned coins (hence my portion was worth more).  Now you extend this not one week, but TWO WEEKS?!?  Why don't you just keep it open until all the coins are sold?  Don't make rules for a crowdsale and then change it at the last second (TWICE!!!!).  This is bullshit and I'm dumping my coins at the first chance I get.  This is why alts are very soon going to be dead.
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