Post
Topic
Board Announcements (Altcoins)
Re: [ANN] BlackCoin (BC) | PoS | No premine | No IPO
by
veritasBS
on 06/05/2014, 01:40:17 UTC
RUNNING A FEW NUMBERS...

This proposed -or real- "Foundation", for what we all know by now, will be comprised of 15-20 individuals "that were here more or less from the beginning" and that are all well know to the community... well, since the whole thing exists only for just over two months, how "well known" can they be? [their contributions are well known to the community]

But since the ra-ra mentality is obviously much more active here than the simplest exercise of critical thinking, let's try some numbers so no one can claim "oh I didn't understand the potential ramifications and dangers. It is already established that the proposed -or real- "Foundation" is, in reality, a "Group of Investors" in which Rat4 and The DOGE take part. There's no other purpose, NONE, that supersedes the main if not only purpose of a "group of investors". By simple and pure definition: To make profits, i.e.:Money. Pure and simple. No ifs, no buts.[strawman: you propose to know motivations based on the term "investors" and created an argument around this fallacy]

With that in mind, I believe it is safe to assume that of those 15-20 investors now in the proposed "Foundation", we will find that they hold most if not all of the top 20 BlackCoin Wallets. [again: assumption based the term "investor"] And maybe quite a few spares. That's by themselves, not even counting family members, friends or associates already converted to the BC "faith". Remember, the MAIN interest of such group, by definition, is to obtain profits, ok? [again strawman argumentation] Now, place yourselves in a position in which you personally or a group of "yous", own double or triple the amount of BC that is traded daily in the exchanges. And just limit the vision, for concentration and clarity purposes, to the two main exchanges, MintPal and Cryptsys. I'm sure you can easily see the unlimited possibilities... on arbitrage alone[all owners of BC or any currency can exchange arbitrage] ... which means simply selling in one place and buying in the other while actually maintaining the same amount of BC at the end of the day. [you do not understand exchange arbitrage] Even at $0.12 a piece, the current price, you can easily imagine that such activity, even at much lower levels, would produce dreamlike kind of profits with practically no risks whatsoever. Will the Investors Group in the "Foundation" do this? [possibly, everybody can if they would like] Of course not, will they? Can they do it, exceptionally or on a regular basis? YOU answer that question. There's a reason why such a thing would mean jail time -extensive- if it were to happen in the real world. [exchange arbitrage is not illegal in "the real world". exchange arbitrage is an essential part of price discovery in any traded medium with multiple exchanges]

But since we are all being so proactive, so well mannered and putting extensive amount of ribbons to everything that we post not to hurt too many sensitivities, one would actually believe one has entered the Twilight Zone. [not seeing any punches being pulled in the forum] Now we have this "generous" guy, Colin, that offers to match up to $5k whatever donations, as it this were some kind of telethon. It is already a freaking circus with a bunch of people vying for who comes with the most outrageous idea of what to do so they can sell at 37 and buy back at 30 and brag about it. [day traders provide liquidity in a market, another necessary function of a healthy market] It is greedy beyond words, pathetic to extreme that such amount of real resources, which could save hundreds of children's lives, quite literally, would be used in this dick-measuring context for the ONLY purpose of getting a coin to trade at 37 instead of at 30. [opinion, not "critical thinking"] There's no generosity in that. There could be a bunch of other adjectives, none even remotely being "generous"... and and I can see the question in the ever attacking "defense" coming... the answer is "not enough", ok? So you can save yourself the inevitable question.

Can the "Investment Group" exist and be called "Foundation" or any other name? Well, in fact it does already exist, obviously. Organized and ready for action as we saw in the campaign against IC over the weekend. The Land Grab had already taken place, just covertly. Now it is kind of official. You guys, the "community" can do whatever you want but we are BlackCoin and no one but us will ever have control over it. We are the devs and now we are also The Foundation. Marking territory. Besides, we have the coins. [larger coin holdings = larger risk = larger influence] We can do anything we want. In fact, let's move the "discussion" to forums we absolutely control and where absolutely no dissenting words are ever allowed to be posted. [an organized forum]

Well, there are no positives in that. No matter how you pretend to disguise it. Like I warned before, it will prove sooner, rather than later, BlackCoin's undoing. A pity because I love the gorgeous logo. But calls for reason, sadly, are an exercise in futility. [people may just see this fallacy in your "reasoning"] Hopefully not too many people will be severely hurt by the inevitable.

Now back to your previous ra-ra's.