Quote from: Tonton99 on September 21, 2017, 09:43:41 AM

Quote from: MiBambino on September 21, 2017, 09:25:11 AM

Quote from: Tonton99 on September 21, 2017, 07:10:14 AM

Quote from: MiBambino on September 20, 2017, 09:45:03 PM

Quote from: LlamaManGuy on September 20, 2017, 09:09:31 PM

Hello Minereum dev.

Some of us on the telegram channel are quite concerned with the following address(s):

https://etherscan.io/token/0x1a95b271b0535d15fa49932daba31ba612b52946?a=0xc40b312169c7f8d93679ef1e91da989693cb5f93

https://etherscan.io/address/0x864c68608554ebf619a054c5941b7a0988df11d3

These clearly show someone in control of multiple genesis address' being sent the ether from one address in order to offload the MNE on livecoin.net

Can you explain these transactions to help calm us down?

I've asked the others in the channel to quote this and repost it as it could show that you are using some of the gen address' to offload minereum on to us through an exchange. This would be bad.

Thanks,
Llama

Alright worst case scenario, the devs hold a large portion of the gen addresses and they're unloading on us because both projects will most likely fail. How likely is this? Do we have reason to believe this? I don't think so. Its very well possible the devs own a large potion, and that they're unloading onto us in rder to pay for further development. If that's the case, fine. Or, they're unloading because they don't want people buying ETH in order to contribute to the ICO, which is why they're dumping MNE in order to keep prices low enough so that more people buy MNE, reducing the supply. I'm curious for the devs' response

Why do you think offloading the supply of the many genesis accounts on livecoin has the purpose of raising money for the project?
It has never been confirmed and the track record does not ease my suspicion that it's all for personal benefit. Since the project started not much money was invested in anything so I am beginning to acccept that Dev made himself a nice living out of all this and is setting up a nice pension plan w/o too much effort to get something real developed. All he does is buying time to get this scheme rolled-out leaving everybody anxious about the next update of the roadmap which might never happen. There is substantial evidence available that something is happening that would place any investor in a very underprivileged position, since there is, and will be, the risk that someone decides to dump on you in a way that exceeds the potential of a quick P&D scheme or a big whale.
Off course I would like to ride the wave up to a new ATH but sadly it's not the market that decides that but probably 1 single person that can manipulate the rate for ever. He just needs to fill-up his mined stash and wait for an opportunity to do something completely market adverse and you won't see it coming.

That's the risk of investing, I guess.

So now everybody knows it smells like something is rotten in Denmark it makes it probably easier to decide whether or not it's worth the risk.
This is not by far a level playing field and it is clear to me why MNE did perform so weird over the last few months (BTC down, MNE down but BTC up MNE still going down). When the free obtained coins are sold regardless the price there will be more tendency for decline then for increase. Remember that MNE only spiked once after June and someone offloaded his coins ever since to bring the price down to current level with no incentive to ever go up again. Leaving a graveyard of desperate souls looking for that one opportunity to exchange darkness for light

That is if the devs aren't developing anymore. They have some good ideas (world app and lottery), so I wouldn't write them off. Like I said, it's possible the devs are unloading to pay for development, and to keep prices low so that investors can buy in at a low price. About 600K MNE will be burned so to combat deflation they might have unloaded to keep prices stable