How many more assets are you planning to release Crowetic?
It doesnt make sense imho to keep releasing one asset after another without actually looking at whether the assets that you have released in the past are actually benefiting the asset holders (apart from the usual I am gonna pay out a bonus BS). It would be nice if you could actually take a step back and publish some sort "financial details", so far your main selling point seems to be "trust me I am crowetic, invest with confidence"
I am sorry to break it to you but many people myself included are in crypto because of the decentralised and trustless nature of it.
I took a quick look at few of the assets you run and it wasnt a pretty sight so I am quite intrigued to find out what gives you such a high level of confidence in that you are a successful asset owner and operator.
Byteent: the most that you can return to investors over the next 10-12 years is 2,410,803 burstcoins (based on a pool fee of 2% and 25% of the network) and the current market cap of the asset is 70,000,000 burstcoins
Bsilver: is beyond dishonest in my opinion, it currently has a market cap of 100,000,000 burstcoins, you are telling your investors that they can claim 1000 assets for 1oz of silver, using the current prices that works out to be around 100*1000*0.00000058 * $905 (coindesk BPI) = $52
1oz of XAG with 20% premium currently costs $20
The other thing that bewilders me about this asset is that every sane and insane person in crypto expects that bitcoin, burstcoin et al will outperform all precious metals and more so when you are valuing your silver at $52 given that the all time high was actually less than $50, isnt that funny
Burstaker: has a market cap of around 60,000,000 burstcoins, this asset is quite astonishing for mainly 2 reasons, the first one is actually the quality of the coins you chose to stake, Viral and DMD, both coins have been on the bittrex removal list quite few times, they have negligible amounts of volume on average. And secondly who in their right mind would sell burstcoin for those two. The cynic in me tells me that you were bagholding both and you couldnt sell so you decided to dump your dead bags for an asset and take the more liquid burstcoin from a trusting community.
I wont get into your worldmine asset as I want to give you the benefit of the doubt
There are other sorts of behaviour that I think are quite dishonest too, trading your own assets and also transferring quite big amounts to people without actually going through the asset exchange nor announcing the sales on forums for the sake of transparency, never talking about actually how you would go about liquidating these assets and what % of burstcoins will go back to the asset holders, how much of the assets' burstcoins you have sold, and what price and not adhering to Haich's list of asset issuance requirements .....etc
I believe that you have done quite a lot for burstcoin and I am pretty sure that you have done quite well with it too
I like the idea of the asset exchange but I honestly believe that it is in a huge bubble and ultimately the bubble will burst (no pun intended) and when it does it will be the small shareholders who will suffer the most and my fear is that burstcoin will suffer as a result of that just like what happened with dogecoin and Moolah aka Ryan Kennedy.
Unfortunately the exponential rise in price in september has attracted a lot of bad characters so my humble advice to my fellow burstcoin holders is do your due diligence, dont get caught in the hype. Invest your burstcoin in projects that bring added value to the coin and there are few good examples such as burstize and burst casino and few others.
Best of luck to you all and happy new year
I am very interested in your review on worldmine , looking forward to it soon
Thank you for your opinions. But I'm definitely going to have to say you're incorrect here... and yes, as a matter of fact, there are multiple sites in development right now, which are nearing completion, that will give multiple statistics on EVERY asset, not just my own.
I don't think that I'm merely saying trust me for trust's sake... I've shown throughout MANY years, and long-running assets, that I'm able to not only adapt, but keep the assets running for a long period of time, both proving that they are WORTHY investments, and that I'm TRUE to my word...
As far as your opinions of the assets that are out there now... let me tell you a few things...
1. Your numbers seem a bit off on ByteEnt, but regardless, I will be adding different forms of wealth generation to that asset in the near future, as (if you've read my posts during payouts, you'd have seen...) I am not happy with the payouts currently.
2. BSILVER, if you've read ANY of my updates on it... has an amount of asset for the trade-in that is constantly changing, in order to keep the price of silver in line with the prices of everything else, and will eventually provide a gateway that is cheaper to get silver only possible through BURST. Also, the first trade-in has already been done, and the person who received it is VERY happy. Though, after the trade-in I realized that the way the trade-in price is calculated needed some work, thus I'm making that part of the site that will be released, and will auto-calculate based on a few new factors, including liquidity, and I will also be providing liquidity on the market itself. Also... if you've noticed, BSILVER has consistently been one of the highest paying assets on the exchange, and you're more than welcome to check out the mining address (currently mining Zcash here...
http://zcash.flypool.org/miners/t1JToQdG1GrS1S24Qj3DkQBd4EWDCm7d1YE along with multiple BURST miners on
http://pool.burstmining.club which are clearly named.)
So, even if you DONT take advantage of the trade-in program, you're collecting a quite nice return for holding the asset, which is backed by mining OUTSIDE and INSIDE of BURST, to take advantage in both periods of LOW and HIGH prices of the coin.
3. BURSTaker - if you noticed, not that long ago, and in the BURST forums also... I posted a massive addition that I'm making to this asset, in the form of GPUs that will be 15 or equivalent AMD 480s. I am doing this because I agree, the staking of the coins that I originally started with are no longer doing what I had wanted, and it is time for a change on what backs the asset. Also, if you'll notice, I posted that I would be changing the coins that are backing the asset in terms of the staking coins, to OKcash and a few others. So I'm feeling that your argument is a bit null on this point... though feel free to provide a rebuttal here.
You are free to ask me any questions as far as any of the transfers that I've done, and ALL of my trades are done on MY accounts, so anyone is able to check them out. I am having a truly amazing asset explorer built so that this will be more simple, which is one of the sites that I mentioned above... in fact, I think I'll just show you so that you don't try to call BS on the development too... I wanted to have this hit with a bit more of a splash, and I think that it still will when I 'officially' release it, and hopefully this post will basically go un-noticed as I'm not using any of my 'announcement flare' but here... enjoy!
http://192.111.150.247/asset/1800253871016293364 As far as the 'bubble' comment... I suppose that's one way to look at it... another is... that there will be many modifications done to assets that would like to be long-term, ALL of mine included, and they will 'keep up with the times' and shift based on what the needs are of the current climate.
This is what I will do, have done, and will always do, with any asset that I release... as I've already shown in multiple years of running successful assets...
I appreciate the comment about what I've done for BURST, and I'm happy to say, 'you ain't seen nothin' yet!' and yes, I'm still VERY happy with what is planned for 2017, and I think ALL BURST investors will be as well.
Anyone is always free to have their opinions of me, my assets, etc, but I think having ALL of the facts would help. So, here you are...
Thanks again for your comments.
Oh yea, another thing, you're off on all of your marketcap calculations as well... as ALL of the assets have NOT released more than 80% MAX of the total supply, and the ISSUER account does NOT get paid out. So you cannot calculate ANY assets that have not been released into the market cap calculations.
I will ALWAYS modify my assets to keep up with what needs to happen to keep them paying out the APR that I deem fit for them.
