Quote from: Drunkducker on May 13, 2017, 06:50:24 PM

Quote from: Daparski on May 13, 2017, 05:40:46 PM

Quote from: Drunkducker on May 13, 2017, 05:13:08 PM

Quote from: Wapinter on May 13, 2017, 10:00:26 AM

I still didn't get why ICONOMI changed their original plan of distributing dividend to buyback. If Taas can pay dividend, why can't ICONOMI?

Its simple inside the box thinking. Its easyer on them they can say we made 1k eth this quarter we will burn 500 eth worth maybe next quarter we will burn the rest. No need to right a contract that everyone can see thats hard. We like old school reports.um list goes on.

I'll bite..

Can you please explain us how it is different than dividends?
In case of dividends the team says "Hi there, we made 1K of eth from fees, we're gonna distribute it as profit among all ICN addresses with more than 42 ICN"

How is that different than buybacks? In both case you "don't know" how much profit was generated.

Thankyou for biteing

With dividends in place, i receive multiple income streams. If i choose sell the original assets i can or if i choose to take profit from dividend i can. now i have no choice. As far as the lie of we are in the red. Not much can be done. But i kinda feel like that opinion is letting down the whole smart contract thing they could encode a contract to monitor the fees and it would be open to see on the network. Now as far as me trolling i dont have time the last 18 months i have been working 7 12s or 16s but this week im outta that cage and getting drunk. Just a little sad to see dividends gone. I love passive income thats why i started mining in the first place and even reading about this crap.

you wrote

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Its easyer on them they can say we made 1k eth this quarter we will burn 500 eth worth maybe next quarter we will burn the rest.

What I said is that if they wanted to cheat or play unfair, they wouldn't need to switch to buybacks.

As for the income stream - yes, getting eth as profit distribution has advantage over buybacks in that manner because you're being rewarded with an external currency. You can achieve the same with buybacks though. If you have 1M ICN it means you have 1% of the total supply. After the burning you can just sell the extra percentage you got and maintain the same % of the total supply.