Feel free to discuss but please open up another thread in an appropriate category. This thread is about ICONOMI.
If you are referring to my questions, I feel this is relevant to ICONOMI, specially the part where people say they are having trouble sending ICN tokens or even Ethereum or any other tokens that depends on the Ethereum blockchain to another wallet from the Ethereum wallet, the common saying out there is that Ethereum is having some sort of SCALABILITY issues, I know I haven done lots of research in regards to what exactly is going on with Ethereum's blockchain but the things that I have read, specially on Reddit doesn't make me entirely comfortable, IF TRUE, then this affects Iconomi no? Also, many of us have invested into ICN with the expectancy of being able to fulfill our dreams and discussing ways to exchange SOME or a small percentage of ICN into USD FIAT in order for people like ME to finish paying off mortgages, (sure bank isn't going to take Bitcoin or ICN as payment directly), for some of you guys to buy their Lamborghini's etc knowing HOW to convert serious amount of USD worth of ICN into USD reliably in order to make these "dreams" a reality in the future is also important for us ICN investors, not only for us ICN investors, but everyone who partakes in any other ICO's or crypto in general, specially if we happen to be living in the USA.
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Edited to fix a missword, I said "AVAILABILITY" earlier when I meant to say "SCALABILITY",
Perhaps move to another country when you're in the millions and employ your dad with your new internet company and pay him enough to pay off his mortgage.
When I make enough with crypto I will buy my parents house and they will rent it from me with that money. Because where I live we pay a ton of inheritance tax and it would be a shame if their hard earned money would not go to their child.
On ICN subject, i have my ICN still on Kraken but I need to move it to a wallet soon I think because it keeps growing. Do any of you hold ICN in your myetherwallet?
Umm interesting, your method requires a huge overhead investment that would first need to be paid with money I actually have in my bank account without the initial assistance of my ICN/BTC funds, money that I dont have since I make less than 10,000 to 12,000 a year repairing computers here and there and once in a big black moon performing a CCTV surveillance camera installation, all freelancing, as self employed. I made a big bold move in doing the initial investment, to be frank I have purchased over $5,000 of BTC through coinbase directly off my Credit Union checking account, completely draining whatever I had saved up in terms of FIAT to take part in different ICO's then through XRP I managed to raise that up to at least $8,xxx for which I took $6,8xx out of it to incest in ICN and the rest to diversify into ETH, XRP, Incent, LTC and some others, but my big move was ICN and it seems to be paying really good, its like an hallelujah moment that I finally will have more than enough funds to realize my dream goals and there is a really great chance that I will be a future millionaire.
So with all that said, I would have to fund the whole operation myself which involves me traveling to another country, becoming a legal resident there by means of a double citizenship, perma. resident, etc then starting my own business over there, its not something that can be done on the cheap. Plus the idea of moving out to a new country that I have never been where I will feel completely strange and not know my "ropes" there makes me feel uncomfortable and is something that I really would not wish to do just to have access to my legally obtained wealth through my ICN IPO investment. I only wish I can dispose of my earnings here in the USA where I actually feel comfortable.
Another reason why I dont feel comfortable emigrating to another country: Yes, even through last year I made from 10k to 12k in computer repairs, I have over 2,000 contacts in my cellphone that happens to be computer repair customers of mines that I just dont feel right "abandoning" them since I will not be able to visit them any longer, I would effectively be "killing" my computer repair business, a business that CAN grow as the years pass by and I further expand and allocate more time for it since at the moment I have been running it more like a "part time" endeavor, with alot of time available to me, there are days where I literally do nothing while there are days where I drench myself working extra full time from morning and arriving home close to mid-night. I literally do no marketing, all customers I get are referrers from my existing ones, and it would be nice to keep this business alive, so once again, if I move to another country I would be killing this business
Finally, why I dont feel right about implementing your idea in moving to another country, I would be walking a very fine line between operating a legitimate business and what the USA gov't would consider "Money laundering". Sure, it IS possible to start a legitimate business where I do help customer and contribute to society in general and then I could use my ICN to help fund my business operating expenses and help it grow, but if the USA Gov't decides to label my operation a "front" or whatever then I am in trouble, then I would have to spend millions of dollars in court defending my position and even if I win because after all I was operating a real business that I just happen to operate it on "that" other country, I would have lost over 90% of my ICN realized profits.
So, once again, there HAS to be ways for users to be able to exchange ICN -> BTC -> USD fiat for users who legitimately got their funds such as myself and all of us ICO/IPO investors. I just find it hard to believe that its impossible for me to convert, say $1,000,000 worth of ICN to my bank account so that I can buy a half a million dollars house in a nice place and live happily ever after, so it would be a great idea to list all possible legal ways for us ICN investors to dispose of our funds so when the right time comes we know what to do and wont feel lost.