Quote from: Mendeleev on April 07, 2017, 04:42:51 AM

Quote from: MoveCrypto on April 07, 2017, 04:28:09 AM

Quote from: Mendeleev on April 07, 2017, 04:25:50 AM

Quote from: MoveCrypto on April 07, 2017, 04:18:57 AM

Again, personal attacks because I pointed out that your dividends vs. buyback argument is baseless for one simple reason:

The same amount of profit gets distributed to ICN holders either way. It's the profit itself that gives ICN value, not the distribution mechanism.

I believe I have correctly assessed that you are incapable of addressing the points that have been made.

If you wish to take that personally, so be it.

I already addressed them but you go around in circles and put the focus on me to try to distract from this simple fact:

It's the profit itself that gives ICN tokens value, not the distribution mechanism.

And I explained why that won't work the way you seem to think it will.

Profit via dividends = obvious token of value
Theoretical profit via buyback when we potentially hold no rights/perks = a whole lot of variables/concerns which you can't address

Again, please pass this on to the team. I've saved the page, in case anybody deletes any part of the discussion.

It's been an interesting discussion, though, and I hope to see an official word which will clear up the things we've discussed here.

How are the profits from dividends any less "theoretical" than profits from the buybacks?

They could suddenly choose not to send out dividends in the same exact fashion they could suddenly choose to not perform the buybacks. The dividends were never going to be fully automated, it's not possible. Neither system is trustless. The same risks apply, in both situations you have to trust the team to do what they say.

If you're concerned about market fluctuations affecting the amount of profit realized (in terms of fiat or BTC) by the individual with buybacks, the same concerns apply to dividends. The ETH market could crash right after they buy up the ETH and send it out as dividends in the same manner the ICN market could crash right when you go to sell the fraction of your ICN holdings needed to realize profit from the burn.