Quote from: JollyGood on February 23, 2019, 10:01:49 PM

Quote from: thunderjet on February 23, 2019, 07:30:14 PM

Quote from: JollyGood on February 23, 2019, 09:49:32 AM

I have no idea why he is involved in this game but is it going to accept in-game Minex payments or is Boris using Minex funds to pay developers to make a game which he hopes people will use and that will make him money?

The second one - Boris is using Minex funds to pay developpers to make a game(his private project,never mentioned on whitelist and obviously primary reason to start ICO - Minexcoin was just a suitable financial vessel to collect needed money for project) which he hopes people will use and that will make him money.

Considering there are only 88,000 MNX left in Minex owned wallet how is it possible they can sustain impossible parking rates? The following pyramid highlights concerns being raised.

With all these failing how it Boris getting the money to finance the gaming project? I share your views that the AR and online games market place is extremely difficult to break in to so why did demolition man Boris enter this field when there was no mention of it in the whitepapers?

This is one of the strangest ICO scams I have come across. The man at the top of the scam (Boris) is utterly incompetent and a complete and pathetic failure so far as commerce is concerned.

Quote from: mgpchr on February 23, 2019, 08:40:57 PM

Quote from: TeMHuK on February 23, 2019, 06:45:16 PM

Quote from: mgpchr on February 23, 2019, 05:25:35 PM

Quote from: amdfxman1701 on February 23, 2019, 04:48:50 PM

While I do agree it looks unfair, the "rich" also risked the most, so it's only fair they get the most. Bigger risk = bigger reward. Bigger risk also = bigger loss.

With an equal percentage per annum (4.5%), the rich coin holder gets more coins due to the amount of his contribution. The contribution of 5,000 coins will reward 225 coins for the year. While the small holder of 100 coins will get only 4.5 coins per year.
225 coins is the reward for higher risk.

Your model is unfair. And most importantly, it will lead to the centralization of coins in the hands of large holders - because they get rich ahead of ten times faster than others.

If you think it's unfair you can buy 5000 coins for yourself and take a risk. If you don't want to risk you will get smaller reward.

I don't mind the risk reward. But the difference of 10 times is strange (5000 coins 45% per annum) vs (100 coins 4.5% per annum). We're not in a casino.

Minexbank has coins for one month only. They can replenish it with premined coins from Developpers fund (980.000),but they need these coins for selling on Instabuy too. They are selling on Instabuy $75000 / 170.000 MNX coins per month. They need, at today prices at least 300.000 coins per month to stay afloat.With coins from Dev. fund it is max. 3 months of work before big bang comes. Such huge selling will produce huge inflation too,so it will last even less, 1.5-2 months.

They cant drop parking rate sharply,because it will cause massive selling/dumping of coins and price will go to $0.2-0.25 or less literally overnight.I believe they wont change anything - they will use coins from Dev. fund for Minexbank and for Instabuy selling to the bitter end - to the last coin.

I dont believe that game making project suddenly came from nowhere. Most certainly it was primary plan from the beginning. But who will give Boris money for it? Nobody, of course, so he made a nice whitepaper,gave many promises which he has never intented to fulfill ,just to attract investors to give him money.

You are right ,this is one not so ordinary scam.It almost deserves an episode in The Blacklist Cheesy

- Raymond Reddington vs Boris - The Demolition Man Cheesy

To define why it is a strange scam,we have to go deeper in the Boris mind. Boris made nice whitepaper filled with many promises,just to get money from investors for his gaming and crypto projects. He lied investors in pre-ICO that some "prominent european bank" invested in his virtual,non-registred pre ICO 1700 BTCs just to avoid to return money due to failed pre-ICO phase.So, it was scam from the very beginning. Question is why Boris didnt take money and run after ICO?

He didnt because he believed that his idea about video game making is so fantastic and lucrative enough to bring him substantial money, enough to make him very wealthy man and to repay investors who he scammed with false whitepaper and empty promises.Just remember how he fiercly defended unrealistic price of MNX $53000 per coin in the interview with Cryptorich as something achievable.

Boris is a little guy,who ran construction/demolition business not so good (23 lawsuits against him) ,but deeply convinced he was destined to something much,much bigger.This belief was so powerful that it created megalomania which blinded him to go into video game and crypto projects,businesses he has absolutely 0 experience and knowledge about it. So , he was intending to scam people for "the sake of greater good" - to lie investors just to take needed money from them ,then to invest it into his dream projects which will eventually make rich everybody.But it turned bad because of incompetence,greed and constant stream of lies ,needed to calm down investors. That is why this scam is not so ordinary.Though I maybe wrong that he ever had a real wish to repay investors when he becomes rich,because scammers mind is highly egocentric , always work for himself and do not care at all about others.