I did a longish of jl777 holding's here:
https://bitcointalk.org/index.php?topic=780481.msg8795729#msg8795729Problem is he holds most the "assets" he "donated" to Supernet ICO are majority held by his own assets ie by proxy. And he has asked for 500 BTC for "2000 BTC worth" of his own assets.
If you are willing to pay so that one can get rich by:
a. buying a shit load of coins, pumping them and then dumping it on you
b. dumping an asset (or coin) held by someone
then yes you must buy the SuperNet ICO.
No. At least attempt to tell the truth.
That only happens if and only if superNET reaches a very high market cap and gains a high market cap position relative to the top cryptos.
It's clearly a win-win for investors with James taking on a large amount of risk with a relatively small reward that happens only in cases of extreme success.
Huh? You obviously are one of the guys on the Kool aid.
Did you read the long thread I posted on asset holdings? He already holds the majority of the assets which you prompt as "large amount of risk" ie they came at little to no cost to him. So where is the risk he is taking? Instead he is asking for 500 BTC or hoping the Supernet association will cause an increased interest in those assets for him to clear out. There is no win-win, just loss for the investors.
That is the truth. If you still believe otherwise, its your money to burn.
No, I'm trying to look at it objectively. I don't see how setting a conditional reward for being in the top 5 or 10 market cap values is a loss. Either UNITY NAV increases enough that holders have gained a massive amount of ROI and he gets a reward or he gets nothing and loses whatever the current value of those shares are.
The assets them selves are not valueless considering the amount of work that's been been put in to developing the technologies that they're based on. And the other assets which hold significant amounts of crypto.
The thing about superNET is that it intends to generate profits as a functioning gateway for crypto through fees and contextual advertising of useful services. So in order for those performance metrics to be hit people buying superNET are going to want to see it begin to show promise in those areas. And superNET succeeding is all predicated on James' technologies working as he intends them to, so all of this still has to come together for superNET to get to that level.
And I've read your post and the spreadsheet but I don't see how setting a performance based metric like that is a bad thing. It sounds more like you're arguing as if he were putting in 2000 BTC worth of assets now and directly receiving back 500 BTC right away, not when UNITY is multipled by x times in value.
So now you believe what I wrote in my first post to be statement which can be analysed and not a lie? Because you did say "No. At least attempt to tell the truth." I guess this is the jl777 way, first call some a liar, when proven say you were just trying to "objectively" analyse the situation.
Problem with conditional reward is this, it comes due to "2000 BTC" worth of assets which are not worth their price. And you are such drunk on the kool aid that you just are copying what jl777 is saying - 5x - 10x, massive amount of ROI, etc. Lets look at the hard numbers from jl777 himself. If he raises 10k BTC which he is aiming for (and people seem to be rooting for), at current rate the market cap will stand at 4,774,400. The last coin on number 10 is Maidsafe with 8.58 mill. So 5x on the first percentage he takes? Thats funny. My maths say its hardly 2x. So that is a short term reward. Yes he will need 10x to reach 2015 yr end and we will see if the project is around at that time.
Assets are not valueless because of the work put in and the technology? Either you don't understand pricing or you are just trying to push a point. What is the worth of myspace today? The technology or work doesn't matter. It is what people are ready to pay for something which matters.
Considering he holds most of his assets himself or via proxy is a rather telling story, no matter what keiretsu BS he sells. The story is either there is no market for his assets and he is artificially creating volume by selling among himself or he is controlling/cornering the assets by setting vague structures (thrown in words like vertical, horizontal, keiretsu etc etc). In crypto, that should concern you.
Going by your description of MGW, I mean, Supernet, there is some bad news. Unfortunately there is already a supernet like structure in place from jl777 itself - called MGW. Though currently it works for providing gateway for NXT to a coin, supernet expands it to do cross reference by increasing the pairings. The total market cap of the asset? 600 bucks. Yep, so lets bet the horse and the house on a service which does two way exchange ie not fixed to NXT. Lets put in 10k btc and hope nothing goes wrong.
Actually its funny, there is another asset on NXT AE called SIMGATE opened by a newbie account on NXt community called Nxtblg which was supposed to act as gateway for Simcoin (
https://nxtforum.org/assets-board/(ann)-simcoin-gateway/) Funnily enough, 67% of the asset is held by jl777hodl.
Its even more telling the same account has issued two more assets - NFDGate and NFDGateway - both of which are dead markets.
And it would seem you read my post but dint understand it. I am arguing he is putting in assets which he owns and has no risk exposure to, and then wants 500 BTC out of the deal. So its all win for him and risk is to the investor.
But it is your money. You surely will get some returns during the initial pump, people during the opening IPO did. Its not a long term project as you are making out it to be.