Quote from: FNetV1 on October 31, 2017, 12:49:01 AM

Quote from: Virtuoso on October 31, 2017, 12:23:53 AM

Quote from: Nixeus on October 30, 2017, 09:50:43 PM

I agree, time to stop the massacre...

I totally agree with you, right now we are caught in a nightmare from which it seems we can not wake up. A divident to the ICN token holders could possible change the whole situation.

I dont know if some people here have forgotten the reasons why it was changed from Dividends to Buybacks, is was to not look like a "SECURITY" in the eyes of the SEC. Personally I think that buybacks are better than dividends, because instead of benefiting only you for your own holdings, it benefits the whole entire community by pumping up the price of ICN. Also, I see buybacks are better in terms of promoting the increase of ICN's price, if we had dividends there would be no incentive to increase the price of ICN, the price of ICN can drop t 1 cents each or increase to 100 dollars each and you still would get the same exact amount of dividends in proportion to the amount of ICN's you are holding, your dividends would always be dolarized, which means that if one day the price of ethereum were to reach $1,000 USD each you would only be getting a very small fraction of 1 ethereum on each quarter, not fun right? But with buybacks if the price of Ethereum were to increase to $1,000 chances are the price of ICN would also increase substantially always putting you on fair levels with Ethereum and other coins and tokens on the market, you would be able to afford to exchange for 1, 10 or 100 ETH's easily if the price of each ICN also increases astronomically as the price of ETH also increases astronomically.

So, going back to Dividens, so in addition to gettind wayyy less ethereum because the price of ethereum increased substantially and the US DOLLAR is being used to calculate how much Ethereum you get, the price of Ethereum can also drop significantly in the future completely negating any $USD values, well not completely negating, but creating a huge loss for you.

This, along with ICN getting labeled a Security would mean that you would not be getting any Ethereum as dividends. In the best case scenario, you would be forced to create an account with any traditional exchanges like Schwab, Schott, TD Ameritrade, etc where you would either pay like $5 per trade or pay like $99 a month to maintain the account with cheaper trades, or get charged an astronomical amount per shares you wish to buy, OUCH if you have like 50,000 ICN's to "Import" over there, or not pay anything astronomical to import these "shares" over there, but pay something astronomical like $99+ a month just to keep your account open. So that blockchain token would all of a sudden needs to be converted into a conventional stock in a conventional centralized spreadsheet software in a centralized brokerage of your choice depending on what features you want and how much you wish to pay.

In the middle case scenario, ICONOMI could be forced to dump ICN's and create something else and convert to that something else at 1:1 exchange rate that actually offers a real utility.

In the Worst case scenario, ICONOMI could dump ICN's all together and continue operating without ICN's

EDIT: Or they could say: Screw SEC, we are not an american company, we are not operating in the USA, we are not targeting USA customer and just keep their operations completely offshore and get to keep ICN's with the Dividends and not mind getting de-listed from Kraken, etc...

So, no. As an American myself who did took part on the ICO of ICN and are "Grandfathered" in meaning that the ICO took place in a period before SEC said anything on the subject, way before the SEC said anything in regards to any "guidelines", etc..., I would like for them to stay with the Buybacks, I dont think it would benefit me at all if they were to get labeled a Security, if ICONOMI decides to keep ICN's and it gets delisted from all american exchanges this would mean that I would be stuck with a whole bunch of ICN's that in the future I would have to literally move offshore just to be able to cash them out. Ummm not fun.

I wrote this some time ago and I reapet my opinion:

No REAL use ICN tokens !! So price droping and droping ... Any buybacks not help because if something worth ~0 what difference make if somebody make buyback some if it still ~0 ??
Anybody can use Platform but to use platform NO NEED have ICN tokens !!! Even to have shares in fund (or any existing DAA on platform) ICNX everyone need buy ICNX (now its name BLX) so no need any ICN tokens !!!
So ICN tokens are USELESS ... When dividends or profits from keeping this tokens? Exaple from ICN Pinta - Team invest in many ICO but we have no profits from this investments. Profits go to buy-backs but everybody DONT CARE about buy-backs so price droping and droping because more numbers coins or some less number coins but uselles the price still will be go to ~0 satoshi.
I have around 10 000 ICN and I not happy with droping price so its not fud just facts. Change buybacks to shared profit maybe in eth to holders wallets.
Last times many ICO's promise share they profits to investors. Not all profits ofc but more than 0 like ICN tokens !!!
And I DONT CARE about USA markets like Kraken. If ICN no have value because no give us profit its dont matter on how many markets they are. Maybe Binance and Liqui and few others is enought even if Kraken delist ICN for payout any dividends.