One of which is a company which grows completely on referrals. If you refer someone to the company, you receive a fixed cash bonus every month they are subscribed.
My thoughts are, it sounds like you are allready running pyramid schemes, and as most ICO's (90%) are pyramid schemes, your project would likely clash combining the two.
Post
Topic
BoardAltcoin Discussion
Re: How likely do people think Pillar could become the new Google.
Isn't the second group white hat hackers that will return the funds?
Yes.
How do you know? You're one of them? Just because they said being white hat hackers doesn't mean it has to be true.Maybe just some tactics to prevent another fork? I mean $110 million loss is something. And even if that should be the case and they are "white", remember what happened last time at the DAO? The white hacker tried to sell parts of the "saved" coins on Poloniex!! So far nobody knows what's going to happen! Ethererum, Solidity and all its with it connected Software is just a paradise for hackers. Has much more holes then swiss cheese!
because thats my opinion as to what will happen.
it was easy for hackers because Parity released sloppy code into the network.
Post
Topic
BoardAltcoin Discussion
Re: ethereum $110 million hack; Will we see another rollback and ETC.2?
by
One Man Band
on 20/07/2017, 05:25:19 UTC
Quote
Isn't the second group white hat hackers that will return the funds?
Yes.
Post
Topic
BoardAltcoin Discussion
Re: Hackers steal $32 Million Worth of Ethereum From 3 Multisig Wallets
by
One Man Band
on 20/07/2017, 03:15:02 UTC
So it looks like Parity.io were using buggy code is the problem in this case, not Ethereum?
The platforms being developed upon ETH have so many moving parts they're highly vulnerable to exploits.
Our site coindash.io has been hacked and we're fixing it right now. Please use our alternate site http://coindash.online which is 100% safe and backed by our firewall. Thank you and sorry for the trouble!
This token will allow people to place bets on the death of other ICO tokens and alt coins. Our token will be built on the ethereum blockchain. Incidentally, bets placed on the decline of ethereum will pay out double if you win.
We are promising: 1. A whitepaper outlining a gambling infrastructure and the ground-breaking technology behind the new token 2. A really slick website 3. An impressive roadmap with no dates 4. A published dev list consisting of various nom de guerres and pseudonyms. Only the highest skill sets will be claimed for our devs.
We will be setting up everything in Nigeria due to advantageous tax treatment there and some legal technicalities.
So, all that said, please be prepared to send us your ETH. We will be announcing the ICO date and ETH addresses very soon. We want to build excitement and anticipation.
Once we have all your ETH, we will be using it to fund the final whitepaper and the website.
Your ETH will get you an IOU for an amount of SCM tokens according to the following formula: SCM = e^ETH. e is Euler's number and has a value of 2.7182818. As you can see, the amount of SCM token IOUs you will receive goes up exponentially with increasing ETH investment!
Don't miss the train leaving the station!
you are joking, right?
Post
Topic
BoardAltcoin Discussion
Re: What is the best way to distribute tokens during ICO?
by
One Man Band
on 05/07/2017, 20:54:28 UTC
30/50% to the founders?
that is going to put investors off straight away.
the lower your rake, the more investors will trust you as they'll see its not a smash-and-grab.
try 10%? you'll still be loaded if it's a success.
These ICO's wouldn't stand a chance in conventional venture financing.
A cute website with a buzzwords filled whitepaper (if you're lucky) without any coherent business model let alone a balance sheet? Tokens like Dentacoin and Primalbase would get laughed in their faces if they tried real investment firms at best and get jail time at worst.
They're relying on a lower point of access, less regulation and more internet fairy dust to lure in inexperienced people. It's just like Jordan Belmont starting to sell penny-stock to average people pretending they were highly rated companies.
Token regulation has to happen and it has to happen fast. These things should be classed as any other securities scheme before this charade ends up creating so much blowback that it hurts the rest of crypto.
Indeed and well said.
I suspect the real reason for people throwing their BTC/ETH at these projects is simply because so many people have done well with their BTC/ETH in recent months/years and are looking to spread some of those profits into other ventures.