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    Author Topic: [ANN] (WC) | WhiteCoin | BIG NEWS: Foundation, investors & more ☯ whitecoin.info  (Read 759288 times)
    WhiteNotWright
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    June 29, 2014, 01:25:05 AM
     #11121

    I think many of us are concerned about how it will be launching WitheOutCoin do.
    Any form of release that does not prioritize the current holders of WhiteCoin will be seen as a scam.

    well the main ideas floating around is that there will be an IPO stage of release where you can buy WOC with WC prior to release, this is the main mechanism to prioritize WC holders

    When you say "buy WOC with WC" are you saying WOC is a new coin for which during the IPO, current WC holders will be able to trade across, one-for-one a new WOC coin that does not exist on an exchange and thus has no trading value? Also, having evacuated a portion of the WC changes the supply-demand ratio on WC to the South. Who voted on this new coin? Do you know if there are a list of WC members that voted to have this done or is this the brain child of the DEV (not saying it is bad, yet) without any real investor involvement.


    well yes WC will be able to be traded for WOC, I dont know if it will be a one-to-one trade off. And yes, like most if not all IPO releases you buy it at the set value, sometimes they're not listed on exchanges either.
    The current concept from devs is that WC spent during IPO will not be evacuated but be used as funds for the foundation.

    Personally i was never a fan of going anon, i dont think there was a vote but there was a general feeling (which i saw in this forum) of people wanting an anon feature which i think is hype based as opposed to utility based, but thats just what i see.

    I can be sure on that it's not the brain child of the DEVs but was something that was mentioned by the community

    yeah, this sounds like a good way to devalue the original coin and help fund a pre-IPO offering (conspiracy). what I find concerning is how all the investors that don't follow this thread are going to know about all the parameters in time to make an informed choice on if they should stay with the coin or go somewhere more stable and attractive. I don't like this idea and smells of mystery to be honest. There appears to be a bunch of geeks going off into chats rooms to make plans all other coins investors will need to follow or risk losing their current investment. Especially if we are not talking a one-for-one split --that is a real kick in the teeth if that happens. There is no way I am telling anyone to invest in something that is new and without stability. Too much risks and really should be taking baby steps here with the whole idea. Guess all we can to is watch our investment continue to dwindle as they are again right now --going back to 100 sat. 1 BTC trading volume and 1/4m market cap will shadow any registrations or future speculations. Thanks for the information as its really what I am after and my time is not always available to keep track of what is being change in this coin base. Much appreciated!

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