Quote from: TPTB_need_war on September 13, 2015, 02:32:30 AM

Quote from: Crestington on September 13, 2015, 01:58:35 AM

Ok so a more serious questions now.

Here's a few things I see fault with in your plan of investment and lacktherof discussion of rewards.

1. How do you plan on investors receiving ROI on their investment in Ion?

First of all, if you had bothered to read further in the Economic Totalitarianism thread that Smoothie quoted, you would see I made a statement that the proposed ICO plan was unteneable because the controlling group could borrow money and buy its own ICO and then pay the loan back. So I said that plan had been scrapped and we'd have to come up with a new one. We did not announce any new plan.

Also I made it clear that if ever I am involved with a coin and even the lead developer, then I won't be the controlling group. I will be paid by the controlling group for my services. So you'll need to ask my controlling group. I think at this time they are not yet ready to come public because there is no coin and no announcement of any coin.

I do hope you are able to discern the distinction between the Altcoin Announcements and the Altcoin Discussion threads. I realize you seem to be a bit challenged by big words. But I am hopeful a dictionary can help you to learn.

So you have no plan as of yet as to how you will distribute the Coins, nor of this controlling group or any project costs, is this correct?

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Quote from: Crestington on September 13, 2015, 01:58:35 AM

1-a. There is mention about trying to crowdsource a million dollars in capital for the development of Ion and instanteous, anonymous transactions, however you also mention that the chain is going to be POW but in that model, the price each Coin ultimately falls to the cost of production then then inconceivable for holders to keep their investment with additional Coins continually driving down the price.

I don't remember any mention of raising a $million dollars now. I think you may be referring to some hopes of what could maybe be raised if the coin was launched and some money was raised in an ICO to fund further developments. The latest internal proposal I saw from the controlling group was to raise funds in very small amounts for specific tasks that need to be funded, i.e. a trickle ICO.

Given that it will be open source, these developments can only help everyone in cyptoland. With a trickle ICO, then there comes some proof of results before money is raised again. Therefor one would assume the price would increase. And yes of course once coins are sold, then there must be an exchange and a market price.

Perhaps the coins would be sold on the exchange in a trickle after announcing the sale or perhaps in a transparent bid auction.

But none of that applies in the here and now. That was all hypothetical discussion about what might happen if we ever launch the coin.

Also there is still the option of distributing all coins in PoW and not raising any funds at all. But I don't know why anyone would develop the coin in this case.

Of course many coins will be distributed by PoW. It is absolutely necessary because the users will be the miners in this design. And they will need coins to avail of the microtransaction ecosystem (think new social networks, dating sites, etc). Thus the small morsels they mine will mean big time features they can avail of. They will perceive a much higher value.

You think I am joking when I say I am going to kick your loser ass.

The post about it is in the first or second page of this thread and was commented on several times. It does not seem like you know yet how you will achieve initial funding or continued funding, nor the effects of price vs. mining as that concept assumes that you will have constant investment in order to counteract the falling price due to the cost of mining.

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Quote from: Crestington on September 13, 2015, 01:58:35 AM

1-b. Within the potential crownsourcing there is mention of wanting to use investors funds for a fecal transplant, this is securities fraud.

Smooth you see I told you the bullies would try to attack with the SEC. It is always like that. They are such assholes. They only know how to destroy cryptoland. Btw, the SEC has no jurisdiction of non-USA persons and controlling groups.

First of all, you are conflating. I said I might raise some angel investor funds to go to Australia to get a fecal transplant. The SEC has nothing to do with angel investment via the controlling group which pays to me for my services rendered. The talk about raising money at an ICO was future looking and has nothing to do with my current health needs.

Also since that time, my research revealed that the doctor in Australia likes to use high doses of antibiotics pre-FMT and I believe high dose antibiotics is one of the factors that caused my gut dysbiosis and resultant M.S.. Thus I was preparing for a self-administered fecal transplant locally here in the Philippines using my gf's sister as the donor and putting her on a strict diet before hand. But since I've had some success treating myself with an all vegan diet (after a 10 fasting in late August) coupled with Kombucha tea, I have for the moment put the self-administered fecal transplant on hold.

You are so cruel. You rub salt into the wound of a severely ill person with a disability. I'll be sure I remember this when you have some bad luck.

I hope the best for you in your health and I am glad that you were able to help subside some of the problems with your condition. Let's say for example your condition got worse, how are you to pay for ongoing medical treatment? If you are unable to work at all because of it, would that equate to a total loss of the project?

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Quote from: Crestington on September 13, 2015, 01:58:35 AM

1-c. The problem that even if you are successful that you may end up being ties up in legal battles over petty squabbles, wasting valuable time and money only to try to prove a point.

You bullies are searching for any means possible to try to scare investors and discredit my work. It is so obvious.

This is not to discredit your work, I'm sure if it gets completed one day it will rest on it's own merits, however if you are spending money on lawyers and trying to sue everyone for libel any time someone challenges your ideas then you are going to waste a lot of money, which could be put to better use elsewhere.

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Quote from: Crestington on September 13, 2015, 01:58:35 AM

2. What is your plan on adoption and use of the system? Instantaneous transactions are largely irrelevant if it cannot be used by the general population

Watch and learn.

This is not an acceptable answer and equates to "I don't know"

So to summarize, you have no inflation or distribution models, no plans for adoption, no method for initial or future funding, no examples for tests or product, yet are threatening lawsuits for people calling it vapourware.

Edit: I see now you replied as I finished posting so I will comment on that as well