Quote from: Vlad2Vlad on August 26, 2014, 08:53:19 PM

Quote from: kraizi on August 26, 2014, 03:18:47 PM

My guess is Thomas is a big Bitcoin holder and since Bitcoin has risen in price so much since 2011 his get rich iXcoin scheme is no longer important to him. That would explain why he's only on the iXcoin forum once every few months. He has no reason to dump iXcoin because he doesn't need the money and wouldn't get much for it anyway. He keeps paying out bounties because he's following his original plan, just not so aggressively. That's my take on why he behaves as he does.

Ok, so he did a premine with the intent to scam but then got unexpectedly rich like 1 month later? 3 months later? 1 year later?

No, that theory has a massive hole in it. Bitcoin didn't take off for quite some time after IXC was launched and at that time Thomas spent more BTC launching IXC than the entire value of the IXC premine. Not a very good way to make money off premines.

And, right after the coin was launched he was buying IXC on the open market, something premine dumping scammers NEVER do, which means he was NEVER in need of the premine money.

If he had gotten rich off Bitcoin after the launch it would have been more than 1 year later by which time he would have dumped the premine if that was his original intention and he would have never spent BTC to buy an overpriced IXC if he knew it was a premine pump and dump.

So once again, the most plausible conclusion points to a premeditated - well thought-out [long term] plan.

But who at that time could have planned something so sophisticated and had that kind of vision [about cryptos and Bitcoin] so many years ahead of everyone else?

I think the odds are GREAT that Thomas is a well known big name Bitcoin insider. But who could it be?

I didn't say iXcoin was a pump and dump scam. I doubt that was his intent or he would have dumped all his coins by now. He probably just wanted to get in on the ground floor on a new coin. Remember this was a time when basically only Bitcoin existed. Namecoin started less than two weeks before iXcoin so the iXcoin planning was already well underway and expected to be only the second coin in existence. So there would be a good chance to get the jump on other coins and share the world with Bitcoin.

It makes more sense that Thomas planned to support iXcoin long term, and he is. So I'm agreeing with you that it was a long term plan. I don't know if I'd say it was well thought out since the crypto world was and is too new and unpredictable to plan the future all that well.

So if it was a long term plan it appears he set aside the premine for iXcoin updates, and bought more iXcoin for his own nest egg. Sounds like a legitimate and relatively fair plan to me. I think the complaints about the premine are unfounded as long as he continues to pay out bounties.

In the mean time Bitcoin made him wealthy and he's obviously very busy so he just doesn't spend much time on iXcoin.