Quote from: Buyerbeware on February 21, 2018, 11:19:24 AM

Electric Fox, I take your point about the word 'investor', but I think you're too hung up on the semantics. There are many investment options that are high risk. Futures, derivatives and short selling established stock all fill that category. Commodites can carry very high risk at times because of the bid/ask spread. Yes, they're riskier than buying a tranche of Microsoft or Exxon, but they are still investments. That said, if you prefer betting terminology, gambler it is. After all it was John Maynard Keynes who said:

'It is generally agreed that Casinos should, in the public interest, be inaccessible and expensive. And perhaps the same is true of stock exchanges.'

Perhaps that's even more true for the cryptocurrency jungle. As for the rest, and to answer Conan's very reasonable enquiry, there are undoubtedly many successful people who have struggled before hitting pay dirt. Richard Branson had a setback or two in his teens but was a millionaire in his early twenties. The point is, Bushnell is nearly forty and has some way to go before he buys a microlight, never mind a hangar full of Boeings. I suppose there's still a remote chance that he might stumble across the next Mike Oldfield.

The important questions to ask yourself are these:

Why do I believe LIFE is the token for me?
What is the basis of that belief?
How much do I know about the people associated with the LIFE project, other than what they have told me?
How well funded is the venture and have I verfified that to the fullest possible extent?
Is the LIFE team being transparent and honest?

You may be right to have faith in this project and you are refreshingly frank in acknowledging that the cryptocurrency market is essentially a casino. But you wouldn't buy a car without checking it out first. Just keep in mind that faith is simply belief without evidence. And faith allied to the gambler's fallacy is a very bad combination.

As a point of clarification, there is a bankruptcy issue, although it applies to Mr Bushnell's previous venture, RP Assure Ltd, of which he was CEO and ultimate controlling party, rather than him personally. This company was compulsorily liquidated in 2016 following an insolvency petition from HMRC. For those of you outside the UK, that is Her Majesty's Revenue and Customs - essentially the same as the US IRS. To cut to the chase, RP Assure ran out of cash, was unable to meet HMRC's tax demands and continue trading, and was wound up. It happens to plenty of businesses, but Mr Bushnell's inability to achieve commercial sustainabiltiy with RP Assure should not be ignored if you are trusting him to take LIFE forward. Nor should his obfuscation of the true natue of his relationship with LIFE's 'adopters'.

Finally, not everyone buying cryptocurrency is a shark. There are plenty of honest minnows out there too. People risking a few hundred dollars in the hope of a return. They're the ones I'm primarily addressing. Whatever you may think, there is substance to Livewryght's concerns. And, just for the record, these statements are made in good faith,with the reasonable belief that they are true. They are not intended to defame, calumnify,villify or traduce the LIFE team or its associated parties. They are, however, intended to shed light.

A well rounded argument so thank you. The crypto space will mature eventually as demonstrated by the efforts of the SEC. Livewryght's statements we're 100% in the negative without quantification so that's been my irritation. Your arguments are well structure and neutral i.e. allowing a discussion. Shouting scam at every turn is the unfortunate outcome of the less educated investor and the result of this unregulated space. I personally see no scam here but communication is an issue. I suppose the benchmark of any blockchain project is it's providence on social media. But don't forget Bitconnect was thrown into everyones face and we know what happened there. We're in an evolving revolutionary space and it's exciting.

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