This prediction is worth nothing after Jani confirmed that 
And again the concept of value - it will bring additional value, but in no way it will be it's "only value".
With statements like that you sound like a troll - a well disguised one but still.
And again the concept of value - it will bring additional value, but in no way it will be it's "only value".
With statements like that you sound like a troll - a well disguised one but still.
The "prediction" is that it will be its sole value. I know Jani comfirmed that it will happen. My prediction is worth something in that I'm saying it will be the only value - at least to start with (which you disagree with)
I could be dead wrong, of course. That's just the direction I'm going with what I believe I know.
It's not intended as trolling, because I'm not saying "this will be terrible!"... Golem GNT was originally intended as a sort of "share" but they transitioned last minute. Mysterium are making the same move, because they know they can't (legally) offer shares at this moment in time. Mysterium's move is what further leads me to saying a lot of the things I've said. It seems like Mysterium have learned from Iconomi's mistake in this area.
I agree with you, though, that this isn't how crypto works right now. But that's just it - I'm only talking about now. I also envision a future where a token will serve that purpose. But we're not there yet.
I'm out and about, so can't go over each point you made - but it looks like you made some good points there. I may respond via DM later, if I have anything more to add.
Have a nice day!
P.S. - Read the end of my response to Daparski above. You mentioned communication channels. See if you can get Jani to confirm what you're saying. It would be the first step toward convincing me (and others) - then we can take it from there.
@Mendeleev You are a seriously misinformed person. If you had spent just 1 minute going through the latest reddit AMA then you would know that jani already confirmed that ICN does in fact represent ownership of the ICNP and even other assets
I quote: "Yes - theoretically If ICONOMI closes down all the assets (that are currently worth around $33m) would be evenly distributed across every ICN token holders. Technically we would have to deploy a smart contract, convert all the assets into ETH (preferably) or any other ETH based tokens and allow anyone with a corresponding balance at certain block height to take ETH from that contract. On exchanges price would become equal or come with a slight discount compared to book value."
The original question was: "There has been a few comments recently by other users that question ICN's value and where it is derived from. I understand that the buy-back is a profit distribution method, but since ICN represents ownership of Iconomi... Does that mean that if hypothetically Iconomi was to close down tomorrow, would all the assets worth over $33 million be distributed evenly across every ICN token? I think this will clarify ICN's value proposition and whether it does actually represent ownership of the Iconomi platform including assets managed by ICNP and funds raised through ICO. "
Aside from that, it is not unfeasible to believe that ICN will be the sole token to purchase ICNX on the platform.
Furthermore, ICN does buybacks. A portion of all of the profits from the platform will result in buybacks. This means over time this will be a deflationary cryptotoken unlike BTC or ETH. The buyback also guarantees a stake in the success of the platform.
Lastly, it is not impossible that the ICN team may decide to allow people to participate in ICO's using ICN.