Quote from: cryptodevil on March 12, 2019, 03:01:34 PM

Quote from: LEOcoin Foundation on March 12, 2019, 02:30:04 PM

the conclusion in your reply was: "Andersson fires him to shut him up"

Nope, not my reply. That was user 'DigitalBadAss' I was quoting. I didn't assert or conclude anything in that post.

Quote from: LEOcoin Foundation on March 12, 2019, 02:30:04 PM

I do however strongly disagree with your assessment, that LEO would be the MLM structure behind LEOcoin.

It has been since its inception, in fact, LEOcoin was created solely for the purpose of marrying it to the MLM structure of LEO in order to convey some notion of perceived value and claim that it had many thousands of business outlets accepting it as currency, which were, in fact, merely the individual participants in the LEO MLM.

Quote from: LEOcoin Foundation on March 12, 2019, 02:30:04 PM

I do hope, that the anticipated move to the Ethereum platform will enable LEOcoin to move on and find ways to increase in value

But that's my point, there is no 'value' to LEOcoin without the LEO MLM structure of existing participants bringing in more participants in order to buy more coins.

Without the MLM pyramid of buyers for the coin what possible basis is there for anybody to want to use it for anything? Be it PoW, PoS or moved over to the Ethereum platform where it will become yet-another-ERC-token, there has to be a purpose for this coin and, irrespective of the negative moral value of what the LEO MLM actually was/is, in that it was nothing more than a scheme designed to keep people buying in and then getting them to bring more people to join and buy in, it was at least an explanation for why there would ever be an increase in market price for LEOcoin.

That 'demand' of any description, artificial or otherwise, was the whole premise for the continued existence of this coin, by way of the MLM creating such, you are now facing the stark reality that the MLM is, as they inevitably do because of math, collapsing/collapsed and LEOcoin has simply become a clone without a purpose, criminal or legitimate.

You must surely be at the point of being prepared to acknowledge that for all your years of wilfully blind support for Andersson et al, they were involved in extremely shady business practices and whether he has been arrested as a result of LEOcoin or his UNAICO scam, that he is the founder of LEOcoin taints it irreparably. No legitimate business would ever want to associate themselves with it, so what possible route could you even begin to envisage there exists for actual value to be established within this coin's market?

Sorry for not reading your post correctly and mistaking a quote from user 'DigitalBadAss' for your own statement. My reply - to his conclusion, remains standing though.

As I was not there when LEOcoin was created and as I formed no part of the LEOcoin community at that time, I cannot confirm for what reasons it was created. I know that it was created as a normal digital currency, with a working blockchain, proof-of-work support from miners and so on. Nothing shaddy there. LEO Ltd. has always stated, that they wished to introduce digital currency to their member base and build up a merchant-payment network, so that is nothing strange either.

I did mine LEOcoin and at that time, it was an exciting and promising coin. Again, I wish to point out, that Andersson and Kamran and others speaking on behalf of LEO Ltd., repeatedly denied selling pre-mine. All other LEOcoins have been mined or staked, and thus I regard it fully legitimate to trade them, by whomever does own them on whatever exchange of their choosing.

Whether or not LEOcoin3 will be much different of other ERC2.0 tokens remains to be seen, but at least it will be running on a safer and more advanced blockchain platform with the possibility to use LEOcoin3 in other apps, like decentralized wallets, payment systems and the like. I cannot share your conclusions, with regard to 'demand' and whether or not LEOcoin has existence rights - fact is, that LEOcoin does exist, has a working and running blockchain and it also has value. If you like the creators, the owners or businesses working with LEOcoin or not, that is not relevant for these facts. For its existence a blockchain is not dependent on a MLM network, or a company behind it, so whether or not such companies are in a phase of growth or decline, is not entirely irrelevant, but as long as the blockchain keeps running and is maintained, LEOcoin is alive. It is for this reason, that I have disagreed with your assessment, that LEOcoin would need or require a MLM structure. Yet, it is of course true, that most LEOcoin owners are or will have been involved with LEO Ltd. in one way or another. Just as many of the founders and their teams who developed other crypto currencies and ICOs will have had a core group behind them. No business, crypto or old-economy can be build, without support of investors, customers and co-workers.

The future will show, what purpose LEOcoin3 still has.