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Re: [ANN] ICONOMI – Digital Assets Management Platform

Re: [ann] iconomi - digital assets management platform

Re: [ANN] ICONOMI – Digital Assets Management Platform

Again, personal attacks because I pointed out that your dividends vs. buyback argument is baseless for one simple reason:

The same amount of profit gets distributed to ICN holders either way.  It’s the profit itself that gives ICN value, not the distribution mechanism.

I believe I have correctly assessed that you are incapable of addressing the points that have been made.

If you wish to take that personally, so be it.

I already addressed them but you go around in circles and put the focus on me to try to distract from this simple fact:

It’s the profit itself that gives ICN tokens value, not the distribution mechanism.

And I explained why that won’t work the way you seem to think it will.

Profit via dividends = obvious token of value
Theoretical profit via buyback when we potentially hold no rights/perks = a whole lot of variables/concerns which you can’t address

Again, please pass this on to the team. I’ve saved the page, in case anybody deletes any part of the discussion.

It’s been an interesting discussion, though, and I hope to see an official word which will clear up the things we’ve discussed here.

How are the profits from dividends any less “theoretical” than profits from the buybacks?

They could suddenly choose not to send out dividends in the same exact fashion they could suddenly choose to not perform the buybacks. The dividends were never going to be fully automated, it’s not possible. Neither system is trustless. The same risks apply, in both situations you have to trust the team to do what they say.

If you’re concerned about market fluctuations affecting the amount of profit realized (in terms of fiat or BTC) by the individual with buybacks, the same concerns apply to dividends. The ETH market could crash right after they buy up the ETH and send it out as dividends in the same manner the ICN market could crash right when you go to sell the fraction of your ICN holdings needed to realize profit from the burn.

(Why?)

Published at Fri, 07 Apr 2017 07:06:45 +0000

[wpr5_ebay kw=”bitcoin” num=”1″ ebcat=”” cid=”5338043562″ lang=”en-US” country=”0″ sort=”bestmatch”]The world’s first bitcoin ATM at Waves Coffee in Vancouver
By Marc van der Chijs on 2013-10-29 10:03:15
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Singaporean cryptocurrency platform COSS, (Crypto-One-Stop-Solution platform) has entered into its beta phase, offering a handful of new services. The blockchain supported platform combines its own digital wallet service, exchange, as well as a merchant platform, for community members to trade currencies and interact with one another.

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COSS has been touted as a self-sustaining ecosystem, able to support numerous additional startups within its structure and a design that allows an infinite lifespan. Learning from past mistakes of the bitcoin development team, the COSS team is focused on platform security, which, along with plans and platform’s technical specifications, is outlined in the company’s 2017 whitepaper.

The COSS beta platform aims to provide maximum usability and simplicity for its users, within an ecosystem design that can be handled by not just the technically gifted but everyday crypto-enthusiasts. The platform’s system combines cryptocurrency and fiat services to users, over a single registered account.

COSS beta soft launch version utilizes a fully operational payment gateway (POS) system, on its exchange. The beta platform gives new users a feel of the COSS platform as its development comes to fruition. In addition to the cryptocurrency exchange, COSS will soon wheel out its additional features, including a crowdfunding tool, ICO platform, third-party plugins, Market cap/coin overviews, blockchain forum, remittance and payment gateway.

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Images courtesy of bitcoin PR Buzz

The post COSS.IO, a Comprehensive Cryptocurrency Platform for Crypto and Fiat Communities appeared first on Bitcoinist.com.

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