Quote from: Nectar-AT on January 06, 2015, 10:22:22 PM

Quote from: m4xp0w3r7 on January 06, 2015, 06:49:14 PM

Pure IPO?

A crowdfund - we're proposing to build a commercial-grade application for mainstream use, and the kind of development involved as well as other costs like legal and community management have to be funded to be sustainable and done right, though we've always been open to suggestions on how to best do that.

Note that we've proposed a strictly milestone-based multisig escrow release plan, where funds are released only as we deliver on the key components, shielding coin buyers from non-delivery and exchange risk. You can find more details here

I don't get all these IPO's. You have nothing yet but if people give you money then you will build it. That's like going on an interview for an engineering job and when asked if you have a degree you say not yet but if you hire me I'll go to school and get one.

Hell, if I had the kind of money you guys are probably asking for I could build a "commercial-grade application for mainstream use". You're not doing anything special. Everyone has ideas. Rarely do people follow through with anything. This "give me the money now and I'll build it" is getting old. Crypto is the only place where money is raised with nothing but some buzz words, fancy graphics, and promises of things to come. In the real world people investing at least know who is getting their money and they expect to typically see something tangible like a prototype, working demo, anything. In crypto people just hand over money to complete strangers that they will never be able to recover their money from when things go bad based on a two paragraph ANN on bitcointalk. It just insane.

I'll be honest. I don't think you'll ever complete what you say your setting out to do. You have some conceptual design graphics for a wallet that you made in Photoshop, a worthless POD, and some fancy words. I don't see anything different from the last 100 or so IPO's launched in the last month or two. All a person has to do is look at all the worthless coins launched as IPO's worth much less than their selling price, no volume, and a bunch of bagholders. There are dozens of them on C-Cex, Bittrex, and other exchanges that have been delisted and more that will be. Why will this one be any different?

Your anticipated adoption cycle is meaningless. There will be no widespread adoption of this coin. Words are just words. There are crypto's already with massive amounts of money behind them that are struggling for relevance.

Everything you talk about Skype, Slack, market alerts, messaging, etc... Already exists. People are not going to switch to your all in one thingymajiggy.