Post
Topic
Board Tokens (Altcoins)
Re: [ANN] ICONOMI - Digital Assets Management Platform
by
Mendeleev
on 29/05/2017, 16:47:30 UTC
I'll only respond to the more contentious parts of your post. The rest can be left to stand on its own as your opinion.

Iconomi token is backed up by ICNP and platform assets.

Who says? Where can I read that this is the case? How can you prove this to me, or to a new investor?

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Yes, I have. It's does sound good. However, it is only Jani's word, and a hypothetical that might never come to pass. It's a promise that "If we fail, we'll do this", but nothing more. It doesn't really answer the whole value thing, unless you're banking on them shutting down (Jani's response only gives value to a shutdown scenario)

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That wasn't the smartest thing you wrote here in the last couple of months. If you create Mendeleev token and link it to Iconomi success the market won't buy it simply because your token doesn't represent a thing. How it is the same with ICN token, where you have ~50M usd under management, a team of 20 people working on the project and a platform to be released soon

I know my token won't represent a thing. My argument is just that. ICN doesn't represent that success either. You disagree. I understand that. In my argument, both ICN and MEND are just ERC20 tokens. The difference is in your head. And, as that terminology page says nothing more than "ICN is an ERC20 token", then the data supports my assertion at this point in time.

Until the moment that we are told more than "ICN is an ERC20 token" - then that is all it is, for all intents and purposes! This is what I'm trying to explain to you.

I understand that it is the official token that Iconomi issued (and not the one I issue), but that's its only real difference - and it's not a significant difference when we're discussing why it has any value.

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Yes, Iconomi's original proposed value was that of a share in the platform. Yes, we don't know the details yet. You choose to think it is because of whatever, I choose to believe this is because it is still being developed. And you don't release an official statement before you have everything on place. It's not like the team is hiding, unknown, or working from an unknown location.

I think we both agree that it's still being developed. Now IF ICN becomes only a usage token (which is possible at this stage), there will be people who go along with that change. You will likely be one of those people. And there will be people who don't like it, feel like they were lied to etc. etc.

For this, we will have to wait and see.