Quote from: altminerd on September 06, 2014, 10:38:48 PM

I don't pipe up much around here, but do want to add my assessment of this ANN real quick...

Basically, dev has a handful of old-ass mostly worthless mining gear he wants to sell, but instead of selling it directly on CL or ebay or whatever, he'd like to pre-sell it to "investors" via this ICO, then slowly dole out the proceeds of the actual sales of physical goods via EXCL?

Not specifically wanting to torpedo this ship before it sets sail, but maybe we can get some more detailed info on exactly how the proposed marketplace will work? And what real-world problem EXCL is solving? The OP mentions people somehow being able to buy physical goods at steep discounts... but I'm pretty concerned about the goods pictured at http://instagram.com/kingsbtc since just about every last item there costs more to operate than it will earn the owner, unless the owner/operator has free electricity + infrastructure available.

Or maybe I'm missing the bigger picture. If so, flame on or perhaps maybe help me understand what I'm missing...

The post up explains the idea a bit clearer maybe, so no you wont end with old equipment at all.
Also this will not be just miners or so, in the end it may be everything Wink

The ICO is 50% of coins, imagine how hard it will be to mine the other 50% - price wont be able to tank.