cazkooo
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Activity: 1540
Merit: 1013
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February 21, 2015, 06:31:33 PM |
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These things are always a gamble. SMAC will probably fail as pretty much everything in crypto does.
Anyone who thinks of buying cryptos as anything other than a form of gambling is deluding themselves.
There is a tiny minuscule possibility that some crypto endeavour somewhere will succeed and SMAC seems to have a slightly higher possibility than your average shitcoin because it has a slightly different idea for building value/utility and a real team behind it. I still hate the name though.
I trust that Boxxa would not involve himself in any scam and have no doubt that this is a genuine attempt at building something new. It will probably still fail but I will hope for a positive outcome.
I would rather invest in this (for ethical reasons) than investing in the latest P&D schemes where the only way to make money is by ripping off more gullible and inexperienced buyers with insane ideas for growth - essentially the modified Ponzi scheme that 99% of projects since the end of 2013 have been.
So in summary:
Buy this:
- If you like to gamble and have the balls to accept its probable failure
- You like the idea
- You like to invest in reputable people (not 12 year olds looking to buy a new IPAD with their ill gotten gains)
- You don't enjoy feeding off the gullible
- To stick two fingers (yes 2 because I do it UK style) up to the MegaCorp Coins like Ripple that are designed purely to enrich those who are already privileged and their bottom feeding pets
Don't Buy This:
- If you got into a silly playground argument with one of the developers over your own coin and now want playground revenge
- You don't like gambling (- Why the hell are you in crypto?)
- You lost your balls in a previous gambling accident
- You really believe this will make you rich and want to invest your life savings, university/retirement funds, food for money or anything else that is really important
- You have one of those beards without a moustache (- that's not a beard that's a fake shell of annoyingness - a FEARD)
ICO is like gamble, either your investment will pay off or you will lost due to your own stupidity, so better invest what you can afford to lose only |
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paycum
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February 23, 2015, 08:44:53 PM |
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Not much activity yet. Why, nobody interested?
Seems ico isnt running hard as well. Its finished the 25th right?
I will see what happens during last day of ico and follow this topic. Idea does sounds interesting to me..
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janbrel
Newbie
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Activity: 46
Merit: 0
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February 23, 2015, 09:19:41 PM |
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Not much activity yet. Why, nobody interested?
Seems ico isnt running hard as well. Its finished the 25th right?
I will see what happens during last day of ico and follow this topic. Idea does sounds interesting to me..
ICOs put people off because there have been so many scam ICOs. It might be more successful with a different distribution method. |
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SMAC-Media (OP)
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Activity: 103
Merit: 10
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February 23, 2015, 09:56:45 PM |
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Not much activity yet. Why, nobody interested?
Seems ico isnt running hard as well. Its finished the 25th right?
I will see what happens during last day of ico and follow this topic. Idea does sounds interesting to me..
ICOs put people off because there have been so many scam ICOs. It might be more successful with a different distribution method. what other distribution model do you have in mind? |
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Soul_eater_123
Legendary
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Activity: 952
Merit: 1000
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February 24, 2015, 12:12:51 AM |
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Not much activity yet. Why, nobody interested?
Seems ico isnt running hard as well. Its finished the 25th right?
I will see what happens during last day of ico and follow this topic. Idea does sounds interesting to me..
ICOs put people off because there have been so many scam ICOs. It might be more successful with a different distribution method. what other distribution model do you have in mind? I think using Bittrex as a place to have an ICO is a mistake - the fact that they allow people to make underpriced bids (when it is a fixed price ICO) just looks unprofessional. Also Bittrex and other exchanges were the place that most of the scam coins/abandonware ICOs occurred and it's hard to dissociate from that taint. Block trust or a custom website would have been better for credibility. You could also have gone round attending conferences for a year talking about SMAC before allowing people to buy anything. Seems that that is the way to get people to fund an ICO. |
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Penn.3D
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February 24, 2015, 03:41:53 AM |
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I'm still on the fence and may buy in on the last day or 2 and I suspect many others are in the same boat. These guys seem legit and this project seems legit too. That coming from a guy that has been scammed twice tells you something  |
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rakesh1_90
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February 24, 2015, 06:15:14 AM |
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I'm still on the fence and may buy in on the last day or 2 and I suspect many others are in the same boat. These guys seem legit and this project seems legit too. That coming from a guy that has been scammed twice tells you something 11k. Lol!!!! 100's of coins with genuine and talented developers have there coins half the prices of what yours is at. Moreover you have not proved anything. Tall talks and big dreams wont get you anywhere in the crypto scenario. |
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seabirds
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Activity: 116
Merit: 10
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February 24, 2015, 07:46:46 AM |
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It’s too high  and nobody want to buy. |
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SMAC-Media (OP)
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Activity: 103
Merit: 10
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February 24, 2015, 05:05:49 PM |
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We are very sorry you feel that way, the SMAC team feels that the price is adequate for what we will be bringing to the table.
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SimkoMiner
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February 24, 2015, 08:32:33 PM |
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We are very sorry you feel that way, the SMAC team feels that the price is adequate for what we will be bringing to the table.
This coin will be worth 100k SAT minimum after devs deliver what they promise to deliver. |
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Piston Honda
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Activity: 2702
Merit: 1064
Juicin' crypto
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February 25, 2015, 02:26:31 AM |
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so cutoff is tomorrow? what time GMT?
if it doesn't make it, will there be sell wall setup on bittrex for refunds?
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$ADK ~ watch & learn...
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paycum
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February 25, 2015, 03:51:00 AM |
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ok so currently about 9btc of minimum 30btc is sold during ico. Will be a close call tomorrow as i think most investors buy in at the last day as usual...
assuming 30btc will be made, then total coins will be 272k which makes the 11k a nice price. Although with the pos there will be a lot of extra staked coins the first 3 months.... making the maximum more then 3million assuming everybody stake their coins.
When you look at that then 11k sat is way to high for an ico price.. and what if 60btc gets sold, then total will be more then 6million and so on...offcourse lots of people wont stake, but still...its something to keep in mind.
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safetybitcoin
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February 25, 2015, 04:01:07 AM |
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See low chances of achieving a profit on this coin the graphics are beautiful and just that. The price of ICO and very high which takes profit margin for sales.
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paycum
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February 25, 2015, 04:09:44 AM |
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See low chances of achieving a profit on this coin the graphics are beautiful and just that. The price of ICO and very high which takes profit margin for sales.
Agree. If they remove the pos % or at least adjust them, it might be interesting. To me a more decent price would be around 1k/2k sat for ico looking at the total amount of coins included first 3 months of pos. |
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brightlight
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Activity: 1288
Merit: 1000
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February 25, 2015, 09:42:10 AM |
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What time (GMT) is deadline for ICO? It would be professional to announce that information.
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brightlight
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Activity: 1288
Merit: 1000
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February 25, 2015, 09:51:52 AM |
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What time (GMT) is deadline for ICO? It would be professional to announce that information.
Ok, foind it in Bittrex linked page. Feb 25th, 2015 at 23:59:59 PST |
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boxxa
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February 25, 2015, 02:30:18 PM |
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I guess there is some questions on the interest. Using daily compounded interest and the structure outlined, you have the following example using assumed coin counts and the fact one wallet is staking them 24/7 on one address: Total coin supply at PoS start: assume 500,000 coins + 5762 from PoW phase = 505,762 coins Month 1: 365% Interest (< 30 block days) Month 2: 100% Interest (31-60 block days) Month 3: 25% Interest (61 - 90 block days) From the daily interest, you see one wallet holding all the coins would grow from 505,762 -> 754,464.2436 over the course of the 3 month variable interest model.  |
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paycum
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February 25, 2015, 02:39:36 PM |
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thanks for the explanation, my calculations where way off. if i understnd correctly that is due to the 30 day block and maturing process?
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boxxa
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February 25, 2015, 03:34:31 PM |
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This is a daily compounded interest on all coins in existence each day so this would be the worst case for the explanation. When blocks mature each day, they have less weight but as the month goes on, their weight goes up so it will fluctuate each day how much interest is generated. This is a perfect network situation to provide the max coins generated.
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paycum
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February 25, 2015, 03:48:38 PM |
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ok, thanks! 9/10btc to go to reach the minimum target, must be doable. I will help a little bit  |
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