Quote from: Rw13enlib88 on March 08, 2017, 01:59:30 AM

ArabianChain,
and the rest of the team,

I've been trying to contact you but it's been imposible.
I've been trying to explain you the swap terms you're proposing are a fucking robbery to the investors.
A fucking robbery!!! You have to change it.

It's so simple, I've been buying DBIC for long time and now you wanna delute my/our stake.

This is not acceptable and probably not even legal.
What you're doing is stealing investors money.

Not sure if any of your team can understand the economic consecuences of increasing the supply x5 just the first year.

Clear and simple.

More offer, same demand = Price down
More supply, me having the same amount of DBIC/DBIX = Deluting my stake

You know I've been a supporter of DBIC from long time ago.
But this swap is not acceptable by any concept.

Here the example of the dilution of our stake

Example:
I have 1% of the coins = ~61,000

March 18th (before swap) --> 61,000 DBIC (my holdings) / 6,100,000 DBIC (supply) = 1%
March 18th (after swap) --> 6,100 DBIX (my holdings) / 610,000 DBIX (supply) = 1%
In 1 year --> 6,100 DBIX (my holdings) / 3,200,000 DBIX (supply) = 0.19%
In 2 years --> 6,100 DBIX (my holdings) / 5,800,000 DBIX (supply) = 0.1052%
In 3 years --> 6,100 DBIX (my holdings) / 8,400,000 DBIX (supply) = 0.072%

The swap should be 1:1 and almost no new supply. Even 260,000 new DBIX per year would be too much.
Hope you reconsider it

Quote from: ArabianChain on March 08, 2017, 11:20:29 AM

We have also seen questions about the Keyonote 2017 Conference.

We cannot share every single detail about who we discussed with, met, and arranged with for further discussion for obvious reasons.
It was a great event in general, we secured several meetings with investors in the coming couple of weeks, both from the government and private sector.
We will be meeting with a couple of IoT and apps startups as well to discuss development on ArabianChain and co-selling opportunities.

We are only just getting started promoting our new blockchain, stay tuned for more news in the coming weeks.

Quote from: 4fanbtc on March 08, 2017, 11:09:05 AM

We have been asked via PM and we can see some concerns about the supply schedule for DBIX.

As the supply increases with any currency the percentage of holdings against the total supply will naturally decrease. The dollar value of DBIC and DBIX at the swap are the same and thus no loss of value is there. The reduction of percentages while keeping the value is a necessary move to grow and attract new investments which will positively impact prices over time.

The supply at 2.6m per year over the dagger hashimoto algorithm is considered relatively low supply and as ArabianChain attracts more miners it will only increase the competition for blocks which will increase prices over time as well. We believe the Etherum miners will consider ArabianChain as an attractive alternative prior and after Ethereum's move to POS.

This is for the best, to make ArabianChain worthwhile to many other users and developers to join our ecosystem. It is a free market out there and you have the choice to stay with us and support ArabianChain or take other measures. It is entirely up to you. We believe our decisions to be the best way forward for our project.

Ok, no real answer to my economic concerns from the team. Now I'm really regreting that I have supported this scammer team who doesn't give a fuck about their investors... I'm gonna explain the economic consencuences for the ones who still dont understand and believe this coin is gonna make x100.

First, stop dreaming.
Second, make some maths

18th March = 610,000 DBIX
18th May = 1,043,000 DBIX
18th July = 1,476,000 DBIX
18th Sept= 1,910,000 DBIX

Can you see that every month there will be a lot of new coins created? Please read something about supply and demand laws... It's gonna be a bloodbath...

The worst part is not that they dont understand those basic concepts of economy, which is sad. The worst part is they dont give a fuck about the investors neither the community... Do you think any serious investor, hedge fund or goverment, is that stupid to dont research which team is behind the coin and what is the history of it? Do you think anyone will trust this guys?

Another point, Yobit and probably C-cex and cryptopia too, will keep DBIC listed.
Which means the swap is not the only way forward. We can choose between DBIC or DBIX.

Devs are promising a lot of stuff, but if they are doing this sitty swap is because they dont have any DBIC.
They have see they can get a work and a position in the blockchain revolution by stealing our money and DBIC and that is deplorable.
We dont even know if the people they say they are working, they really are, because none of them as anything about DBIX in their profile.

I've just contacted DIMA MALIBARY & ABDULRAHMAN ALHARTHI throught Linkedin, and I'm gonna wait to see their answer.

Big investors (and the small ones too) should make their own research. This is not kids play. This is serious money. And this swap looks like a joke...

We need someone with real motivation to take care of this project. And not some people who only care about theirself.