Re: [ANN] ION [ION] | ICO LIVE | PoS 3.0 | Mobile Gaming | Join the ionomy today!
@icocountdown.com
You should get your fact right if you want a successful website, you have several errors in this post:
Adam Matlack involvement with previous scam Paycoin.
Reference: https://bitcoinmagazine.com/articles/death-paycoin-employee-video-reveals-internal-chaos-1429396603
Reference: http://themerkle.com/gaw-miners-scam/
Reference: https://bitcointalk.org/index.php?topic=900970.0
Matlack was an investor that lost money with XPY and tried to redeem it with XPY.IO.
Your bitcoin magazine reference actually stated that Matlack was at odds with Garza and declared its independence from GAW. Also no evidence of Matlack scamming anyone.
Your second reference doesn't mention Matlack at all.
Your third is a forum in which they call Matlack a scammer but also provide no evidence.
Basically your references prove that Paycoin was a scam, most already know this. You show no evidence as to how Matlack was a part of the scam.
Actually it uses Blackcoin (POS 3.0) with Dash Masternodes incorporated.
The premine is laid out in detail here and is not as you describe: https://github.com/ionomy/ion/wiki/ION-Technical-Whitepaper#coin-overview
Initial coin supply: 10,900,000 IONs
5 million IONs will be available through the Initial Coin Offering (ICO) in exchange for BTC and a wide selection of other cryptocurrencies.
3.4 million IONs are allocated to ionomy.com and shall be distributed as structured incentives to gamers through the gaming applications designed by ionomy.com.
2.5 million IONs are reserved to pay bounties for coin development.
Paycoin had a dynamic percent return which could be changed at any time and had compounding returns.
Ion will have a static return which is described here: https://github.com/ionomy/ion/wiki/ION-Technical-Whitepaper#staking-wallets
And here: https://github.com/ionomy/ion/wiki/ION-Technical-Whitepaper#masternodes
Maternodes wont have a compound interest rate as it will have to remain a 20,000 block to remain a Masternode.
You should get your fact right if you want a successful website, you have several errors in this post:
Quote
Adam Matlack involvement with previous scam Paycoin.
Reference: https://bitcoinmagazine.com/articles/death-paycoin-employee-video-reveals-internal-chaos-1429396603
Reference: http://themerkle.com/gaw-miners-scam/
Reference: https://bitcointalk.org/index.php?topic=900970.0
Matlack was an investor that lost money with XPY and tried to redeem it with XPY.IO.
Your bitcoin magazine reference actually stated that Matlack was at odds with Garza and declared its independence from GAW. Also no evidence of Matlack scamming anyone.
Your second reference doesn't mention Matlack at all.
Your third is a forum in which they call Matlack a scammer but also provide no evidence.
Basically your references prove that Paycoin was a scam, most already know this. You show no evidence as to how Matlack was a part of the scam.
Quote
Clearly cloned software from Darkcoin(DASH) (they marked Eduffield developer of DASH and masternodes in the whitepaper.) If there is any software at all.
Reference: https://github.com/ionomy/ion/wiki/ION-Technical-Whitepaper
Reference: https://github.com/ionomy/ion/wiki/ION-Technical-Whitepaper
Actually it uses Blackcoin (POS 3.0) with Dash Masternodes incorporated.
Quote
Shocking similarities between paycoin and this coin including
Huge pre-mine (5.9 Million out of 10.9 million supply) Giving control of highest paying masternodes to them in the network.
Reference: https://www.reddit.com/r/Bitcoin/comments/2r4gck/gaw_miners_liars_frauds_a_brief_recap_of_what_we/
Reference: https://github.com/ionomy/ion/wiki/ION-Technical-Whitepaper
Masternodes = Prime Controllers.(In this case anyway).
Reference: http://coinjournal.net/former-paycoin-developer-joe-mordica-speaks-about-gaws-power-bill-and-prime-controller-issue/
Huge pre-mine (5.9 Million out of 10.9 million supply) Giving control of highest paying masternodes to them in the network.
Reference: https://www.reddit.com/r/Bitcoin/comments/2r4gck/gaw_miners_liars_frauds_a_brief_recap_of_what_we/
Reference: https://github.com/ionomy/ion/wiki/ION-Technical-Whitepaper
Masternodes = Prime Controllers.(In this case anyway).
Reference: http://coinjournal.net/former-paycoin-developer-joe-mordica-speaks-about-gaws-power-bill-and-prime-controller-issue/
The premine is laid out in detail here and is not as you describe: https://github.com/ionomy/ion/wiki/ION-Technical-Whitepaper#coin-overview
Initial coin supply: 10,900,000 IONs
5 million IONs will be available through the Initial Coin Offering (ICO) in exchange for BTC and a wide selection of other cryptocurrencies.
3.4 million IONs are allocated to ionomy.com and shall be distributed as structured incentives to gamers through the gaming applications designed by ionomy.com.
2.5 million IONs are reserved to pay bounties for coin development.
Paycoin had a dynamic percent return which could be changed at any time and had compounding returns.
Ion will have a static return which is described here: https://github.com/ionomy/ion/wiki/ION-Technical-Whitepaper#staking-wallets
And here: https://github.com/ionomy/ion/wiki/ION-Technical-Whitepaper#masternodes
Maternodes wont have a compound interest rate as it will have to remain a 20,000 block to remain a Masternode.
Let's roll with your theory that he was 100% innocent in the GAW fiasco.
He was too stupid to stop himself from losing money in an obvious scam.
Then his next venture, xpy.io was an abject failure (as they have completely abandoned it and moved on to something else.
Why are you so excited to join his team?
Falling for a scam doesn't mean you don't have a mind for business.
I'm not a part of the team, just a small time investor.
I think it has the potential to bring in users that aren't even aware of crypto.
Make some addictive mainstream type games in which users can export/import assets.
It's a great idea if executed properly.
The business plan hasn't been released and will better explain/answer a lot of questions that have been asked, in regards to how it will be successful.
Yeah ok buddy.
None of the information is incorrect Matlack has connections with the Paycoin foundation, just google it. He has been involved from the start.
https://www.google.com/?gws_rd=ssl#q=matlack+paycoin+foundation
Literally just google it. All the data is still in google cache.
Secondly, yes we all know POS comes from another crypto and masternodes that come from DASH is going to be used in this crypto clone. If you want to lookup history of it check Peercoin. I have stated the blackcoin relationship previously in the thread. Again none of this information is wrong, it is information from your own whitepaper you quote citings Eduffield(DASH developer). The point that I'm trying to make is you are not making any sort of new software.
Thirdly, let me break down staking, it work likes this: to put it simply if you have more coins staking(on the entire network) you get more coins(total coins of the network). This is the same with masternodes. This is why you have a huge premine because you know you will stake alot of coins and dominate the network this is the same thing that happened with Paycoin. Then you will sell the staked coins off for profit on the free market. Again this is the same thing that happened with Paycoin which led to its failure.
Fourthly this is still the same idea as Paycoin and you have not argued that point.
Thanks again and I await your reply.