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Board Announcements (Altcoins)
Re: [ANN] ION [ION] | POS 3.0 | Mobile Gaming | Join the ionomy today!
by
korvas128
on 20/04/2017, 21:43:03 UTC
pricing crypto success in $$$ is misleading. a cryptos value can not increase but because of the pinning to btc price you can say its rising when its not the case. crypto altcoins should judge based on satoshi value increase not usd $$$.

unless of course you are cashing to usd $$$ without converting your ion to btc first that is.

ION is not yet a success. What you see now is just the start (Year 1). For me success is when the price hits $50 or .04 BTC.

I quote $$$'s as I've found more people find it easier to understand.......... note though it will be a while before I'd consider selling anything.

In my humble opinion a key factor with ION is to hoard as much as you can today Smiley



Yep that's me an ION bagholder victim  :'(

Victim being defined as someone who if they decided to cash in and walk away today would be looking at an ROI of around 700%..... I'm such a victim Sad

You must be so proud of the people you've saved over this past year that listened to your words of wisdom  Roll Eyes

Really?  Smiley

I doubt that even by cherry-picking low points and saying "I bought here" you could show a 700% ROI but feel free to prove me wrong. Show us the numbers.

700% might be a bit low as I just checked Bittrex and the price is now 61 cents



You know I've been here from the start evangelising Ionomy. If you piece together all you know you'll see that 700% is about right  Smiley




There is also the IBC in Seychelles.

There is nothing wrong with LLCs or Ltds, anybody doing any kind of non-negligible business should care about separating their business liability from their personal one, and it's cheap an easy to do in most jurisdictions. Obviously there is more to it than that, you actually have to keep assets separate etc but that's another story.

However this shitshow of multiple companies claiming ownership of their products and pretending to do business offshore - while that's clearly not the case - doesn't seem to be based on good business practices. Amateurish and could possibly land them in hot water should they ever grow beyond their base of ~50 bagholders. I doubt they've talked to a lawyer about this as I can't imagine that someone with any clue on the subject could have advised them that it's ok to pretend being registered in Seychelles while running a financial business via UK/US companies.

I'd guess that the UK Ltd had an Apple developer account so they saved $100 by using that and not signing up under their real business name, whatever that is. Initially Google Play had a different business name then it was was changed to match. Still different from the one on ionomy.com. Still no text of the TOS you're agreeing to inside the app.

Thanks for this. Believe it or not I had somehow completely forgotten about the Seychelles company. I suppose its difficult for us to pass judgment when we don't have the full facts, but I'd agree that at the very least this structure appears messy.

To speak briefly to Korvas once again gloating over the price; I've said it before, I'll say it again. The price is utterly irrelevant other than the warm sensation in your loins that it might give you unless you are taking profit. The only thing that will make this project a success is it's base aim: successful games. 30 odd users per week over a month after release does not a successful game make, my friend. Everything else -- the master nodes, the back slapping in your slack channel -- all that will count for naught if the team can't produce a product that captures a lot more users.

As an investor price is utterly relevant. If I woke up tomorrow and couldn't control my warm loins so prematurely ejaculated sorry exited. It's nice to know that it would be at a profit which is kinda important when it comes to investment

And I agree, like I've been saying for months now ultimately success will dependant on the teams ability to deliver and the market acceptance of their business plan NOTHING ELSE