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Offline testz


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Yea, they want 21k BTC in the fundraising.....

Phase One consists of 4,000 Bitcoin; people participating on day one will receive 5,250 SWARM coin per Bitcoin. As more Bitcoins are received, the number of SWARM coin distributed will decrease to 4,750 until the end of Phase One. After a short cooling-off period, there will be a Phase Two with a 17,000 Bitcoins cap with a conversion rate of 4,250 SWARM coin, decreasing to 3,750 per Bitcoin until they are all gone.
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Offline gamey

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Frontpage is full of hype, have to dig down for the details if there are some.  They're more interested in getting $$ than talking about solutions it would appear.

You'll get close to the same rate of SWARM coins per BTC in phase 2, so it seems pretty easy to hold off for now.

I don't understand what sort of limitations their DAC/DAO/DAE/DAs will have relying on Counterparty.  If anyone has thoughts on this, it would be interesting to hear.
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You have to be an idiot to invest in this

Offline testz

You have to be an idiot to invest in this

Agree, but http://www.safecoin.io/ (http://maidsafe.net/) show us how many peoples like to invest to something  :)

Offline hadrian

The first interview in this Beyond Bitcoin podcast is about this:

http://letstalkbitcoin.com/blog/post/beyond-bitcoin-4-money-memes-the-coming-swarm
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Offline Empirical1

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Looks like a big nothing burger from what I see at the moment, judging from the comments on the bitcointalk thread so far looks like most people agree.

Offline tonyk

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Let’s ask our own Adam B Levine why he supports the project.
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline ripplexiaoshan

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Yea, they want 21k BTC in the fundraising.....

Phase One consists of 4,000 Bitcoin; people participating on day one will receive 5,250 SWARM coin per Bitcoin. As more Bitcoins are received, the number of SWARM coin distributed will decrease to 4,750 until the end of Phase One. After a short cooling-off period, there will be a Phase Two with a 17,000 Bitcoins cap with a conversion rate of 4,250 SWARM coin, decreasing to 3,750 per Bitcoin until they are all gone.


They have really good appetite.
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Offline liondani

Let’s ask our own Adam B Levine why he supports the project.

because of counterparty (xcp) ?
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Offline gamey

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The funny thing about this when I glanced earlier they talked about "pre-mines" then go on to justify it. Well they're not even "pre-mining". They're selling all their coins and keeping 8% as a "premine." ROFL.  It is basically all a "premine", whether they keep 8% or 50%, does it matter when you are selling all the rest of the coins ?!?  Absurd.

Quote
8% of the holdings goes to the Swarm reserves, which is split between founders, swarm representatives, and bounties for specific projects. We wanted to avoid a large pre-mine, since that creates misaligned incentives: https://gist.github.com/fractastical/b236024cd106e97b38d0. That said, we thought if there was no pre-mine then founders and early contributors would have less incentive to see the project to completion. We hope we've reached a healthy balance.
 

What??  What about paying the founders/reps/bounties with the BTC gained from the crowdsale ?  I'm totally confused.  The guy wanting to raise 10 million + basically laughs his way through the interview on Beyond Bitcoin Show on LTB Network #4.
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clout

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Let’s ask our own Adam B Levine why he supports the project.

because of counterparty (xcp) ?

Because he has no idea what he is talking about...

Offline fuzzy

Let’s ask our own Adam B Levine why he supports the project.

because of counterparty (xcp) ?

Because he has no idea what he is talking about...

Hoping I do not come across as an a hole for sayin this, but I wonder if adam will say anything about this "unfair distribution method" like he does for bts ...even with the messed up mining launch of pts, it is still more "fair" than this..
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Offline tonyk

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Let’s ask our own Adam B Levine why he supports the project.

because of counterparty (xcp) ?

Because he has no idea what he is talking about...

Hoping I do not come across as an a hole for sayin this, but I wonder if adam will say anything about this "unfair distribution method" like he does for bts ...even with the messed up mining launch of pts, it is still more "fair" than this..

What are you talking about – there is no concept of fair distribution in scam – there those that are scammed and those that aren’t. Among those scammed there is distinction only for the amount each of them is scammed for. In math terms 0/n =0, everybody got same part =0, the distinction is only how much each paid for his nothing…

There are more facts than those mentioned in this thread screaming scam, but I feel too lazy this morning to writhe about them.
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline liondani

have the same feeling...  first scenario to pay only employees...  lol lol and lol again

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