Quote from: nimiqshitcoin on January 26, 2019, 09:13:14 PM

Quote from: wentian.cn on January 26, 2019, 09:09:12 PM

Quote from: normana on January 26, 2019, 08:49:26 PM

Quote from: robin.nimiq on January 26, 2019, 05:43:39 PM

Quote from: Scamiq on January 26, 2019, 05:19:38 PM

Quote from: robin.nimiq on January 26, 2019, 05:11:02 PM

whaat, whaaat !! you joking? the team has only $800,000 in eth from $12.9 million ico money. if this is not a scam, then what it is Huh

Heh. They will run out of ETH soon, and then if they want to keep paying their developers in ETH they will have to buy on the market.

hahaha. in 3 months they need to buy new eth to pay developers. burning rate $250,000 a month. after 3 months all eth is gone. hihihi project is doomed and doomsday is near Cheesy

How is that a surprise for you? This was already mentioned in the AmA that they have 6500 ETH (1 Mio USD at that time). They also have 680 BTC (2.7 Mio USD) and 5.1 Mio. USD in Fiat.
I don't think they are required to pay devs in ETH, they can also pay in BTC, USD or NIM, so they don't need to buy ETH to pay devs... In fact, given the low amount of transactions on the ETH wallet, I bet they don't normally pay team members with ETH.
Also it was probably a very good idea to not have many ETH anymore, the price of ETH is now half of what it was during the ICO, so they saved a lot of money by selling their ETH to BTC and USD.

Quote from: wentian.cn on January 26, 2019, 08:37:43 PM

Have you ever seen closed source mining pools before? Nope.

All major Bitcoin mining pools are closed source. The crypto currency mining industry usually is only interested in maximizing their profits, they don't share the ideology of crypto currencies and open-source...

Quote from: wentian.cn on January 26, 2019, 08:37:43 PM

In a year and a half, half of the ico money went to dust. Nothing great was created. Nimiq will go definitely go to the trash history of icos. I am thankful I sold all my bag and I am done with the shitshow.

12.9 Mio. USD (number from robin.nimiq see above) to 9.9 Mio. USD is not exactly reduced by half. In fact it is less than 1/4th used...

Marvin, are you stupid? 9.9 - 1.1 million dollar villa means 8.8 million USD. Now their 680 BTC + 6500 ETH is worth 8.2 million usd. Taking, in consideration $250,000 burning rate for january, it means that now they have only 7.9 million available. Also, I have seen that they round up all the numbers. They also have only 6,400 ETH available and not 6,500 ETH available as they have been lying in the AMA to make the number a little bit bigger than in reality. So, I can bet many of the numbers were increased. Robin was saying that they have about 7 million usd. It looks that Robin Linus, the cannabis drug addict was right that they have only 7 million usd left.

From 12.9 Mio USD to 7 in a year and a couple of months means -46% since the ICO investment.

The project is a continuous shitshow scam. The team is being sued by Robin Linus, who is still the President of the Foundation. They initially claimed that they removed "removed" Robin from power due to his Cannabis Drug Abuse, but in reality they took control over power and the ICO money. Later on, we learned that they were always lying about Robin's research, and we uncover that Robin Linus became a severe cannabis drug abuser. In one year, they wasted about 5 million USD. From 12.8 USD ICO, now they own only 7-8 million USD. The burning rate is about $250,000 a month. The wages of their great developers who didn't push not even 20 commints last month is $200,000 a year without additional bonuses, travel expenses, chef, food & beverages. Most of the community left, most of the developers left and closed their apps (nimipet, philpool, nimbus, beepool, nimigames). The project is a scam and a continuous shitshow. They confirmed that they use trading bots wasting ico money to keep the price afloat buying coins from the market. The entire project is a SHITCOIN and a continuous SHITSHOW

nimiqshitcoin I love what your doing here, keep on doing God's work to call out this scam. Hopefully we can stop further innocents putting their money in to this failed project.