Quote from: suchmoon on August 27, 2016, 03:31:16 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?

They could have used something like USDT if they wanted a hedge against exchange rate risks.

What you're saying now (even if the exchange to USD really happened, which we have no way of verifying) is equivalent to saying that Garza rapidly dumped all XPY to gain value to benefit the project. Team ION dumped the ICO BTC and can be dumping their ION for all we know but as long as they're are saying it's for the benefit of the project it's all cool.

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

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.

Irrelevant. Some other shitty ICOs don't make ION any less shitty.

"What you're saying now (even if the exchange to USD really happened, which we have no way of verifying) is equivalent to saying that Garza rapidly dumped all XPY to gain value to benefit the project. Team ION dumped the ICO BTC and can be dumping their ION for all we know but as long as they're are saying it's for the benefit of the project it's all cool."

Actually it would be the equivalent to Garza selling all the btc he collected to USD technically.

"Team ION dumped the ICO BTC and can be dumping their ION for all we know "

Kept 50 btc in a cold address so not all was DUMPED. Or so was explained in slack.