Quote from: jlp on October 25, 2017, 07:50:21 PM

Quote from: dobrescu.mihnea on October 25, 2017, 08:45:09 AM

Hey jlp, what do you think about Mobius Network? More importantly, what's your take on Mercury Protocol ICO, project in which Mark Cuban has invested as well?

If I have time, Ill take a look at those. In the meantime, I'll comment on Mark Cuban.

I think hes completely overrated. He became rich because he sold his company, Broadcast.com, near the peak of the Dot Com bubble in 1999 to Yahoo for $5.7 billion, netting $1 billion for Cuban. But the company was TINY and LOSING MONEY. It was so worthless and burning so much money that Yahoo shut it down 3 years later.

https://www.gurufocus.com/news/138012/mark-cuban-and-broadcastcom-the-multibillion-dollar-coup
When Broadcast.com was taken public it had fewer than $7 million in revenues, $28 million in equity, and an accumulated deficit of of nearly $10 million dollars in its brief history. In reality, the company had little or no chance of achieving profitability in the foreseeable future.

Here is a micro cap stock that youve probably never heard of: Castle Brands
https://finance.google.com/finance?q=NYSEAMERICAN%3AROX&fstype=ii&ei=dejwWcmaGcaWjAG2sYiAAw

It does $77 million of revenue and has a market cap of $184 million.

Broadcast had one eleventh the revenue. Essentially, Broadcast was a micro micro micro cap. But, it sold for 31 times more than Castle Brands. Yahoo overpaid by 341 times. Can you imagine paying $13,630,000 for a car that is worth $40,000?

Fortune Magazine listed Broadcast.com as one of the 5 worst internet acquisitions of all time:
http://fortune.com/2013/05/21/5-worst-internet-acquisitions-of-all-time/

Yahoo executives, who were responsible for buying Broadcast.com, were canned.

Essentially, Cuban owes most of his wealth to winning a lottery.

Im not saying that Cuban is a lousy businessman. He was a small businessman. You probably know businessmen or entrepreneurs who created bigger companies than Cuban did.

Cuban never created any hugely successful operation like Google, Apple, Qualcomm, Foxconn, Nvidia, Intel, Microsoft, Salesforce.com, Oracle, eBay, PayPal, Facebook, Tesla, etc., etc., etc. Not even close. Yet the media treats him like he has more business acumen than the entrepreneurs or executives from many of those companies I listed.

Cuban, the successful businessman and investor, is completely a creation of the media. It's hugely fake news.

Therefore, ignore anything that Cuban says or does.

In regards to Mercury Protocol, their homepage starts off with:

Quote

Decentralized

Not owned or controlled by any one party

More Secure

All data is tamper resistant and secured by the blockchain

Trustless

Verify messages and transactions without a trusted third party Application

So what? The above are standard in every blockchain. Are they trying to fool newbies into thinking that they are the first to come up with these?

It also says:

Quote

Application Agnostic

Generalized protocol for all communication types

Their first use case includes messaging and large file size.

Are they going to put this onto the blockchain? If so, then this shows their ignorance. If theyve run Bitcoins full node or Ethereums full node, they would know that these are already getting bogged down, and these 2 blockchains store small numbers or snippets of code. If Mercury Protocol puts messaging onto a blockchain, it might work for a year or less, before their blockchain grows to 200 GB. Then they will be more bogged down than Bitcoin.

But it gets worse. I thought they were going to have their own blockchain. No. Theyre going to put their stuff on the Ethereum blockchain. This means that their application will be bogged down on day one, and everyone elses application on Ethereum will get bogged down.

For Ethereum's sake and the dozens of tokens on Ethereum, let's hope Mercury Protocol does not put its messaging on Ethereum. The Ethereum foundation should ban it.

Mark Cuban was on television a couple of days ago, bragging about how he was a technology guy. He's definitely not a blockchain guy. He never was much of a technology guy.

Their team has 15 members and 2 advisors. With that many people, they shouldve built 6 prototypes or products by now. This shows that they stacked their team with useless people, in order to impress you. Also, there are no LinkedIn profiles to verify that these people are real, or have any work experience.