Quote from: illiki23 on March 08, 2014, 06:34:29 PM

Quote from: vesperwillow on March 08, 2014, 06:29:50 PM

Quote from: sonysasankan on March 08, 2014, 05:13:36 PM

1. The investors made an informed decision and not regret anything.
2. The business model is convincing enough to part people with their money.
3. Both miners and investors dont care if the devs or CEO become rich, as long as the coin they hold has value.

Because a portion - mid, majority..? - of the IPO is going to be dumped at the outset for a profit--it was the plan of several investors all along. Part of it is already being auctioned publically and privately as well. Hopefully will set a market price, but there's no guarantee. This is because the coin, despite being tied to a physical commodity, doesn't need to have a static or high value. It's merely a transport mechanism. It will still work at 1 satoshi, but you wouldn't want it that low.

The biggest factor will be the frontend's ability to provide easy volume of, and well-priced, GPU's. If it can do better than NewEgg and Amazon, GPUC will be in the top 5 altcoins for value. If they don't do better, it will drop and folks will dump.

It's one of the reasons TigerDirect adopted BTC by itself instead of an altcurrency like Amazon is looking into. There's no guarantee the coin's value will mature or stabilize. Too much to bother with.

I'm watching this because this isn't the first coin to have a business frontend with coin value hopefully tied to something with established value, but it is one which I believe has better chance than most. Also it's a bit of a curiosity, like something in a Zoo. 200+ pages of nothing.

It is a little concerning that the only person with a guaranteed win is the Owner. Like you said it does not matter if the coin goes down to 1 satoshi, the owner will still be selling at market prices. It is even worse that the investors are the ones who are paying for this thing.
I really wish there were some sort of condition that if the owner profits but investors do not then portions of profits should be used to repay investors, but that will never happen.

Think you (and others) are missing the point of this coin. ALL new coins are shitcoins. PERIOD. Unless,,,they have something new and different to offer. The IPO investors,(of which I am one)at no time were promised a ROI. Nor was there one even hinted at. The only thing promised is that the BTC be used to buy stock for and operate a business front centered around this coin. As long as that happens, then no amount of failed launches or anything else will kill this coin. Take another example of an IPO coin going on this very morning, Heavycoin. The entire premise of that coin was new and innovative ways of distributing coins. People bought into that to the tune of WELL over 100 BTC. The thing they promised tho, didn't happen. That coin still doesn't have a pool mining software for windows many hours after launch. Even tho it was promised to be rdy for deployment weeks b4 launch. That coin will die. Those investors are hosed. REAL shitstorm on that thread today. This coin however,,,the CEO runs his shop and everything else is cool. Cause thats how its set up.

waltsmith