Quote from: truethat on October 10, 2017, 08:51:15 AM

Looking at this project, it's modeled on Venmo, with the same design, but with its own erc-20 token. There was a big run-up last week followed by a fast decline. and part of the reason for that may have been just the usual pump that happens with new coins. but also, the developers are crappy communicators. they may be good software designers, but they suck at pr. even coinmarketcap was confused about the coin supply. and a lot of people thought they were buying a 4million supply. which immediately inflated to 20 million. the website is confusing. and the original whitepaper was crap. i bought $50 worth at 17 cents before it spiked. then i went out and had a fun night and forgot about it. a day or two later i saw the aftermath of it all. its not troubling to me. i can only speak for myself. i don't know what the price will do next. remember though, Venmo is now owned by Paypal. and this project is Venmo, but better. and that's the vision, somewhere behind the terrible communication skills of the devs. they're going to produce an app you can have on your phone to loan tokens. and those tokens will be ELIX. which is a solid use-case for the token and reason to want to buy it. the app and the token work together.

that said though, what if you loan someone ELIX, which they're probably going to use to speculate with, and they don't get the return they hoped for? this eventually needs to be worked out. but its the same with Venmo.

people may or may not buy into Elixir. But its got some of the things in place we want to see. mainly, a token and app working together. who ever likes Venmo might like a Elixir. imagine Elixir in a big app store. there's potential here. whether you're invested or not. but there needs to be a better white paper. and more clarification on things like what happens when you don't get paid back.

+1

one thing - they have said that the purpose of the money transfer is between friends and not strangers. so if you borrow your friend money and he is not giving it back, its your fault and no one can refund you.

almg89

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