Post
Topic
Board Altcoin Discussion
Re: Can you trust ICONOMI if ICONOMI depends on ETH?
by
densuj
on 21/01/2017, 12:04:41 UTC
ICONOMI seems like an interesting project, a trust fund of sorts where you trust investors to do a good job and mainain the token value up, so in a way, you are investing on a lot of projects by investing on ICONOMI.

The problem is: ETH is a mess. ETH always end up hard forked etc. It will happen again. Once this happens, all the ETH related tokens like ICONOMI, will suffer.

So how can I trust it long term? Why they didn't run it under Bitcoin blockchain instead of ETH?
Well as you said The problem is: ETH is a mess. ETH always end up hard forked etc. It will happen again. Once this happens, all the ETH related tokens like ICONOMI, will suffer. And The real example is the DAO bailout
So it is can not be trusted for long term,  it will be good for short term and if you have got profit, go away.