Quote from: Rick_James on August 27, 2016, 02:49:52 PM

Quote from: CryptoBuds on August 27, 2016, 02:11:40 PM

Quote from: Rick_James on August 27, 2016, 01:55:22 PM

Quote from: CryptoBuds on August 27, 2016, 11:42:47 AM

WildShark stated that ION is not a crypto project. I repeat, ION is confirmed by WildShark to not be a crypto project.

Invest with EXTREME caution as ZERO transparency is now the game. They converted to cash which is now untraceable or verifiable.

So selling the recieved btc for mid 700s in price was a bad move and illegal for the team to do as it makes it a non crypto project? I mean circle lets me hold my balance in usd? Does that mean i dont use/dislike crypto? Seems to me that was a wise decision as they gained value to benefit the project,as any smart business would do?

It's a risky move to do behind the scenes. What if it went the opposite way and they lost hundreds of dollars per Bitcoin cause the held it in cash?

I don't like it cause now they can't be transparent. You can't see how they are spending said cash. No accountability now. That cash now cannot be tracked. Crypto was made for transparency and accountability and they just took that aspect it of their project. I don't like it and it's just my opinion.

While i value your opinion, The same could be said for other ICO too and nobody is in those threads asking those questions? Take LISK for example,raised (dont quote me as I dont follow it to close) 5-6 million way more than ionomy. The coinbase multisig for the funds does not allow them to prove the address. There is many crypto businesses that do not and do not plan on making their accounting public? They are not scams. I totally agree that the team has to prove they can succeed as to date it has not been the greatest. But I know the team is already aware of what they are up against. So I think everybody should have a fair shot at proving themselves.

People should be in those threads asking those questions, that doesn't make these questions any less valid.

The possibility of LISK being a shitcoin or a good coin has zero impact on this coin being a shitcoin. This thread is about this particular coin. This particular coin is run by people who ignored calls for transparency in a previous failure, and now, with a chance to start fresh they are again not using any transparency, and no way for their investors to see the failboat they are walking into.