Post
Topic
Board Altcoin Discussion
Re: MonaCo's latest announcement - Visa confirmed, Asset Contract REMOVED
by
BTCMILLIONAIRE
on 01/11/2017, 16:07:45 UTC
Well, to me personally it Monaco has been one of those projects where there were big promises but they were a bit too big for me to really hope for them. As I see it now, the price is not going up despite the Visa news and people are being cautious or cutting losses.

However, one of the things that got my attention wasn't the proportion of the fees that will return to token holders but the ability to use the card, anywhere abroad, without paying the high fees (or bad exchange rates we are so used to.

It's unclear to me if that's still on the table as I haven't really watched them lately but that could be one of the things they bring forward to regain some traction.


The card itself is still on the table. And it's a decent card to have for sure. But that's the perks that any and every consumer/user of the card will have.

People don't invest to get the same perks as a user. People invest to participate in the generated profits, directly. And now with the latest news this will no longer happen. So investors basically got screwed out of one of the two reasons to even buy MCO tokens in the first place.

This approach with the fact that Kris stated that sharing revenue is "absolutely pointless" is reason enough for me to get out if he doesn't retract his statement. Even if the card is good. A lack of honesty like this shouldn't be supported, even if it means having to find another opportunity to turn a profit (of which there are plenty).

There is no good reason to support shady statements like those in the latest video.