Quote from: coin@coin on March 11, 2017, 02:47:57 PM

Quote from: max.trekker on March 10, 2017, 10:52:08 PM

Why would one invest in this project for 3usd/equibit if the mining schedule is the same as bitcoin? I mean then i would be able to mine about 1000 equibit in one week (on a regular pc) which would cost me less than 20 usd in electricity, but the ICO price for 1000 equibit is more than 30k :S. Do i have it all wrong or is the ICO price ridiculously high and will for sure plummet?

BTW 1000 EQB at current price is $3000 not 30K, got to make sure the math is correct. Are you sure you know what you are talking about when you can't even calculate the current price? Wink

Thanks for pointing that out coin@coin.

Quote from: DonApp on March 11, 2017, 06:22:18 AM

Quote from: Equibit on March 11, 2017, 12:30:21 AM

Quote from: max.trekker on March 10, 2017, 10:52:08 PM

Why would one invest in this project for 3usd/equibit if the mining schedule is the same as bitcoin? I mean then i would be able to mine about 1000 equibit in one week (on a regular pc) which would cost me less than 20 usd in electricity, but the ICO price for 1000 equibit is more than 30k :S. Do i have it all wrong or is the ICO price ridiculously high and will for sure plummet?

When the network launches everyone will be able to mine, so we do expect some competition as we have received a lot of interest about the mining aspect from our supporters.

You ignore the fact that the price will drop tremendously once mining is started. A similar situation as with Zcash will occur, which also dropped down in value significantly. Everyone who buys in this ICO will be wrecked and will be left with a huge loss. This approach is wrong and has not been thought about well enough!!!

You ignore the fact that Zcash was hyped to oblivion before it even launched by the media and their early investors. The initial price when it was first listed was seriously inflated by all of this. Right now the price is more in-line with the market value. This is what pumpers and dumpers do to a token, we don't want that to happen with EQB.

Quote from: max.trekker on March 11, 2017, 10:12:12 AM

What you are saying is very fair for the miners, everybody will be able to mine at the same time, great! However the ICO investors will make a huge loss very fast. The fact that you are ignoring this issue and just talk about equality of the miners just confirms my (and some others in this thread) suspicion that you dont care at all about the ICO investors.

See above reply.

We are happy how the sale is going and the quality of people who support us, we wouldnt want to sell all our coins to people that dont understand the value of EQB or our products and will just purchase to pump and dump our tokens and make a quick buck. We value supporters that are looking at the medium long term.

We appreciate there are people wanting to buy more, and certainly more are available. But at the moment the market has decided that an EQB is worth $3.13 and it would be irresponsible and unfair to our ICO buyers for the company to sell for anything less.

We are happy with our initial progress made with the $150k angel investment we received in 2015. We will be able to happily continue with what has been currently raised in the ICO, until we have more to show such as our software and tools.

Most tokens drop in value as soon as they are listed on an exchange after the ICO independently of if there is mining or not, everyone knows that. And it's due to people getting out of their positions. People that are short term speculators. We do not cater for these individuals but rather people who believes in us, understands exactly what we are trying to accomplish and see the value of our network, tools, applications.

We are here for the long run and we expect our supporters to be following suite, if you think otherwise there are plenty other tokens to buy for other projects which will do great for short term speculators.