Quote from: Alohaboy?! on November 13, 2017, 06:51:45 AM

Quote from: o48o on November 12, 2017, 09:41:30 PM

Quote from: antagonist on November 12, 2017, 03:20:51 PM

Quote from: btcbringer on November 12, 2017, 02:13:42 PM

maybe you are right, 44btc is valuable enough for one person, but its still very little compare with other ico, and i wonder these money cant afford the team work for long

i see all the time people confuse in brain that ico is business this is not it. ico is for raise fund only to launch business. as i know today this business is only in starting up stages. where i am from you cannot go inside of bank and get quarter millions loan for start up idea that you have

so this one is mega huge huge above average funding in real business world for start up stages business. i can use html and php tool to create loan website in one day with less than 4 thousands dollar so this is not require of such huge invest. main requirement is monies to lend to peoples this one i can see is main objective since only they state to deliver btc loans and only this one they collect

for this loan purpose i think they collect more than enough of it because they state to only deliver max thousand dollar loan to one person, for this they have more than 300x that sums, then you place interest profit that they will collect and even larger sum they have

if one month they loan only to 10 peoples only they exhaust 10 thousands dollar only 3.3% of fund they collect, like this one maybe they have here good idea for business

This is so true, i am guessing people are getting blinded on how much money have icos done in the past, and how much $320k actually is compared to "real world" projects when even solid projects have a hard time getting any backing for their product.

I agree here. The amount of money is quite large compared to a traditional startup funding. If the project is a success they will have enough funding later by selling their tokens

But blockchain is not a traditional business, and the market is not as it used to be, $320k is not enough to start a loan business indeed, i guess the team must have to collect money with other way if they plan to do a long work