The first buyback is only around 85K ICN's...spread over 90 days.... so they go to buy back around 1000 ICN a day.... that's nothing...That will not effect the market price... For me the decision to go the buyback way is 100% against what I expected and what was promised with ICO. We are owner of the platform, and Iconomi decides to change the basics. That's not fair in my opinion. I want ETH as Dividends... my % of Iconomi would be the same...but I would earn ETH, which in few years is 1000 times more worth than ICN.
Nothing like that was "promised" during the ICO. They presented a roadmap and fundamentals.
Fundamentals haven't changed.
You are not owner of the platform, you don't get to decide how the service operator decides to implement its plans. You only have shares in the revenue.
What was changed was the way they distribute profits, and for that no one promised a vote.
You are talking about dividends in the form of eth, like you would receive 10 eth every week. If you want to go long on eth, you can buy from the market.
Come on... as the main Moderator you should be aware of what they promised. (by the way your FAQ link in your footer doesn't work anymore)
and in the AMA Tim responded to me that there will be dividends... so don't tell me that was not promised. Such answers make me even more skeptic.
From the whitepaper:
"Being a crowdfunded project, a majority of 85 % will be owned by the crowdfunding participants in the form of ICONOMI tokens (ICN), while"
"ICN tokens represent ownership of the ICONOMI platform, allowing their holders to
receive dividends and
vote on ICONOMI related issues."