Quote from: Yakamoto on April 30, 2016, 11:52:55 PM

Quote from: bitbite111 on April 30, 2016, 11:43:42 PM

Quote from: cjmoles on April 30, 2016, 06:45:45 PM

Okay....I don't get it! I don't have a problem investing in new technologies but I just don't get this one at all. If I gave them my BTC, would it actually be an investment or just a donation? If the tokens aren't exchangeable and if they can buy them back at ICO price if they ever became valuable, where is my incentive? The way it reads is that my investment could either result in a negative ROI or a break even ROI. Somebody please explain why I should support this project....I'm an easy mark but I need something!

The only way your tokens increase in value is if the next tranch fetches a higher valuation. Of course, when it is traded on the exchange, the market has the final word on the valuation though. This whole crowdsale seems like a money grab to me. They even stated that their wallet only makes $300 per month, yet they value it at 10-100 million. You would make more from interest alone than investing in this project.

Crowdsales are typically money grabs anyways, however they can be used for good or bad.

Assuming that the money is actually going into the development and not just an increase in funding so they can postpone it another year and have a nice salary, this would be a fairly good decision to make from a business perspective. There can be some potential with this crowdsale, but only if they make a product truly worth what they are selling. This is why shares are better than an unproven currency.

The only way your tokens will gain value is if the next crowdsale values the company even higher. Also, the wallet only makes $300 per month, yet they value the wallet at 10-100 million already. With 10 million, you can make $2500 per month in interest alone.