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Thread: DIGITEX "Bitcoin Futures Trading"

  1. #101
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    Re: DIGITEX "Bitcoin Futures Trading"

    DIGITEX 02.jpg

    I find that correlation interesting. 001su.jpg
    SD

    .
    "No one in this world, so far as I know - and I have researched the records for years, and employed agents to help me - has ever lost money by underestimating the intelligence of the great masses of the plain people" - H. L. Mencken

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  3. #102
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    Re: DIGITEX "Bitcoin Futures Trading"

    ""Whale Sale
    During the ICO we had a whale purchase 148 Million DGTX Tokens, we have purchased these back and will sell these to the public starting 15th February 2018"

    "Does anyone really believe that somebody with $1,480,000 would invest it all into an online digital currency somebody dreamed up that has no exchange method for getting cash out ... and then sell it back ten days later at the urging of DIGITEX so that the "little guys" could get in on the action?"
    -------------------------------------------
    I found a pic of the DIGITEX whale !

    Digitex whale found !.jpg
    Last edited by Fat City, LA; 02-16-2018 at 01:59 AM.
    "the owner seems really confident and even promises this one won't be going anywhere"

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  5. #103
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    Re: DIGITEX "Bitcoin Futures Trading"

    Quote Originally Posted by Fat City, LA View Post
    ""Whale Sale
    During the ICO we had a whale purchase 148 Million DGTX Tokens, we have purchased these back and will sell these to the public starting 15th February 2018"

    "Does anyone really believe that somebody with $1,480,000 would invest it all into an online digital currency somebody dreamed up that has no exchange method for getting cash out ... and then sell it back ten days later at the urging of DIGITEX so that the "little guys" could get in on the action?"
    -------------------------------------------
    I found a pic of the DIGITEX whale !

    Digitex whale found !.jpg
    We know who it was. It was arowx who bought all of them, but was then convinced to sell them back for all the little people to purchase Digitex Tokens. And just think, we were the ones who convinced him to purchase them.
    EagleOne
    Author: "Robbing You With A Keyboard Instead Of A Gun - Cyber Crime How They Do It" available in soft cover and eBook at Amazon.com

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  7. #104
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    Re: DIGITEX "Bitcoin Futures Trading"

    Quote Originally Posted by shipdit View Post
    "Reload SCAM" Already??

    Our friends at DIGITEX are in the process of offering any poor soul who missed out on the ICO of the digital currency that they invented and claimed to have sold out in 17 minutes on January 30th a second chance to get in on the action!

    How can they do that with no out-exchange for their tokens? Here's the story they are telling:

    "Whale Sale
    During the ICO we had a whale purchase 148 Million DGTX Tokens, we have purchased these back and will sell these to the public starting 15th February 2018"

    "WHAT: 100 million DGTX tokens will be offered for sale to the public on February 15th, 2018.
    HOW: We have bought back 148 million DGTX tokens from a very large buyer who bought them in our ICO on January 15th, 2018.
    WHY: We were uncomfortable with one buyer owning such a large amount of DGTX tokens and we wanted to redistribute them amongst thousands of smaller buyers for the long term benefit of the project going forward."


    Does anyone really believe that somebody with $1,480,000 would invest it all into an online digital currency somebody dreamed up that has no exchange method for getting cash out ... and then sell it back ten days later at the urging of DIGITEX so that the "little guys" could get in on the action?

    Step right up, folks ...

    SD

    .
    digitex scam.JPG.....

    lol. poor scammers don't remember what they posted on other messageboards.
    Haven't lost any money to online scams.......results are typical.

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  9. #105
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    Re: DIGITEX "Bitcoin Futures Trading"

    .
    Pretty quiet on the Digitex Facebook page.
    As is typical when browsing the pages that get thrown up to promote these SCAMS, you'll see lots of posts where Facebook will include the "View all 10 comments" link. You click it and there will be 3. Not all have met the fate of the delete button, though:

    DIGITEX 04.jpg

    SD

    .
    "No one in this world, so far as I know - and I have researched the records for years, and employed agents to help me - has ever lost money by underestimating the intelligence of the great masses of the plain people" - H. L. Mencken

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  11. #106
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    Re: DIGITEX "Bitcoin Futures Trading"

    Well, here we are over 2 months later and Steveshaw, RyanG1988 and arowx have all left the building. After all the bluster and name-calling, how dumb we all are, and not knowing what we were talking about; these three have not had one post proving Digitex is real. I'm shocked I tell you, SHOCKED that arowx has not beren back regaling us with his overflowing riches from joining Digitex. He should have been here thanking us for convincing him to join. After all he said he only did it because of our posts. No gratitude for all we did for him.

    EagleOne
    Author: "Robbing You With A Keyboard Instead Of A Gun - Cyber Crime How They Do It" available in soft cover and eBook at Amazon.com

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  13. #107
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    Re: DIGITEX "Bitcoin Futures Trading"

    Quote Originally Posted by okosh View Post
    In house forums where the admin can ban any member and even just delete the whole forum when they ready to run is a HUGE RED FLAG!!
    https://community.digitexfutures.com
    So ... coming up on three months since the floodgates were opened to sell the 700 million Digitex tokens we take a look at the DIGITEX forum:

    5 threads started by "Digitex Support
    27 threads started by "Adam" (owner)
    0 threads started by users/customers

    Customer engagement/interest?

    7 posts by 6 users

    What do you suppose is more likely?

    - The sale of 700 million tokens was pretty much of a charade along with the "resale" of 148 million?

    - The throngs of excited consumers of the DIGITEX tokens just don't have much to say?

    - Whatever their customers do have to say doesn't make it past censorship on their in-house forum?

    Steveshaw? RyanG1988?

    Could you guys reappear here and shed some light on this phenomena for us, please?

    SD

    .
    "No one in this world, so far as I know - and I have researched the records for years, and employed agents to help me - has ever lost money by underestimating the intelligence of the great masses of the plain people" - H. L. Mencken

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  15. #108
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    Re: DIGITEX "Bitcoin Futures Trading"

    If this is to be believed investors are into this for $7.3 million, will be interesting to see the value when/if this starts trading on a public exchange.


    According to the below Digitex token will be launched on an exchange in 90 days.

    Digitex Futures Exchange
    April 1

    https://www.facebook.com/DigitexFutures/

    Digitex Futures Exchange.jpg




    Token sale recap.

    In our Digitex ICO that took place on January 15th, 2018 we sold out 650 million DGTX tokens in 17 minutes, raising a total of $5.4 million from 2,530 buyers

    https://digitexfutures.com/dgtx-toke...e-on-feb-15th/

    In the second offering people got in at $.02 per token.

    DGTX TOKEN AUCTION.jpg

    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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  17. #109
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    Re: DIGITEX "Bitcoin Futures Trading"

    I'm not going to argue that the forum is dead, they've been directing people to their telegram group since the beginning. The forum seems to be more of an info page rather than a forum I agree although like I have said, they've never really advertised for people to 'come join our forum' as they clearly aren't using it in that way

    For the record I invested in them, I'm not going to bother arguing about it because that's my opinion and you have yours which is fine. They seem to have followed through on what they've promised so far.

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  19. #110
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    Re: DIGITEX "Bitcoin Futures Trading"

    .
    Thank you for your response Steveshaw.
    As we are now entering the three-month window where it has been announced that DIGITEX tokens will be listed on an exchange, I will look forward to your future updates.

    SD

    .
    "No one in this world, so far as I know - and I have researched the records for years, and employed agents to help me - has ever lost money by underestimating the intelligence of the great masses of the plain people" - H. L. Mencken

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  21. #111
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    Re: DIGITEX "Bitcoin Futures Trading"

    Quote Originally Posted by Steveshaw View Post

    For the record I invested in them, I'm not going to bother arguing about it because that's my opinion and you have yours which is fine.

    Thanks for checking back Steve.

    Don't be coy, weren't you the whale that divested?

    Quote Originally Posted by Steveshaw View Post
    They seem to have followed through on what they've promised so far.

    It's going to be interesting to see what happens if they hit an exchange. Public trading gives markets a chance to determine value as opposed to the closed system we've seen with so many ICOs. Although, as with stocks ICOs have been subject to the same pump and dump charades.


    Do you have any indication they've taken steps to license their brokerage for US Trading?
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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  23. #112
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    Re: DIGITEX "Bitcoin Futures Trading"

    Quote Originally Posted by ribshaw View Post
    Thanks for checking back Steve.

    Don't be coy, weren't you the whale that divested?




    It's going to be interesting to see what happens if they hit an exchange. Public trading gives markets a chance to determine value as opposed to the closed system we've seen with so many ICOs. Although, as with stocks ICOs have been subject to the same pump and dump charades.


    Do you have any indication they've taken steps to license their brokerage for US Trading?
    Haha I wish I had that much. I put about 12 eth in which is a still a fairly significant amount but obviously not on that level.
    They've said from the start that the dgtx token is a utility token simply to trade futures contracts commission free(although of course there may be an issue of securities here). The CEO I think said it was unlikely that trading on the crypto futures platform would be allowed in the US - although they'd try and approach each country on a case by case basis if necessary.

    I assume the token will probably drop in value given the state of the crypto market at the moment but I'm confident enough that there will be a demand for the final product to make a significant gain on what I've put in.

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  25. #113
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    Re: DIGITEX "Bitcoin Futures Trading"

    Quote Originally Posted by Steveshaw View Post
    Haha I wish I had that much.
    I hope after this you will.

    Quote Originally Posted by Steveshaw View Post
    although of course there may be an issue of securities here
    There is in the US.

    Quote Originally Posted by Steveshaw View Post
    The CEO I think said it was unlikely that trading on the crypto futures platform would be allowed in the US - although they'd try and approach each country on a case by case basis if necessary.
    This would unlock value IMO by opening up a much larger market and give greater credibility to the platform.
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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  27. #114
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    Re: DIGITEX "Bitcoin Futures Trading"

    Quote Originally Posted by ribshaw View Post

    There is in the US.
    Indeed, they would need an attorney in the US to confirm that the token was simply a utility token like they've said rather than a security which I believe can't really be judged until the platform can be seen in action. Right now I have no idea, I'm not versed in US law unfortunately.

    I've seen a number of things online claiming one thing or another against Digitex and whilst opinions are opinions I do feel some of them really have no basis.
    Things like
    'The main issue with Digitex is that you cannot sell your tokens. Digitex is not an exchange and if you read the whitepaper you will learn that they have no intention of going to an exchange with their tokens. There is a good YouTube video about this issue. Digitex is like a casino, they want you to spend and loose your Digitex tokens while trading on their platform. But in the rare case you make profit, you are paid in Digitex tokens, but unlike in a casino there is no place for cashing out. This is the real scam behind Digitex.'

    This above is a strange one - I agree the whitepaper doesn't explicity mention exchanges but the roadmap has q2 earmarked for exchange listings. If their plan was to not list on an exchange then I'm not sure why they'd still be going on with the charade as it'd be pointless. But the whole argument here is full of contradictions - if they were not listed on an exchange and the coin is worthless why would they even want you to trade? It would have no worth to them. This guy doesn't know how futures contracts works, you are trading futures contracts against other users, not digitex so in what way is it a casino? A casino has a house edge and wants you to lose, that's how they profit. If you lose a trade on digitex another user is winning, not digitex. Digitex do not hold your funds or take a commission on it.

    Then theres Excessive referral commissions - I agree that the referral bonuses were high but that's advertising really. They've paid out a fair chunk of eth(which you can find posted on their telegram page), if it were a scam why even bother paying it out? Why not just sail into the wind in a 5million dollar boat?

    The ponzi scheme issue that they could maybe list on exchanges then open their own futures trading platform and steal peoples funds when they deposit(the funds here would be the digitex tokens as there's no fiat or other currency that can be deposited). - Again anyone who's done a tiny touch of research would see that their plan is to have decentralised balances, i.e. they and nobody else can touch it if they were hacked or compromised for example. This will be via a smart contract which will presumably be audited by an independent firm and smart contracts can be reveiewed by anyone anyway on the eth blockchain

    Anyway like I've said I'm invested in them and I feel like what they are building is going to have real value. I was in this thread before when I probably got a bit emotional or even a bit rude(I was not the only one in fairness) but tbh I don't particular regret that as I was simply defending a company/ico that I obviously believe in hence my investment, if anyone was genuinely offended by it here then I apologise. You guys obviously think its a scam hence the thread, I found this thread by searching google for digitex, not because I specifically was trying to seek out this page/forum. I don't think it's a scam, and I guess we'll all see how it goes. I do feel like they should be given some time to deliver at the very least though.

    Random question, are you actually from Nigeria lol

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  29. #115
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    Re: DIGITEX "Bitcoin Futures Trading"

    "if it were a scam why even bother paying it out? Why not just sail into the wind in a 5million dollar boat?"

    Its called the long con.
    Cant tell you how many times Ive read something similar to whats quoted above and it always goes bad.

    "when I probably got a bit emotional or even a bit rude"
    A bit??? Try ALOT...... Im surprised this childish rube showed back up here after embarrassing himself beyond belief last time.
    "the owner seems really confident and even promises this one won't be going anywhere"

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  31. #116
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    Re: DIGITEX "Bitcoin Futures Trading"

    Steve, please point me to another thread on Realscam where the "company" in question was NOT a scam.

    If Simon Stepsys or Mark Ghobril are involved it's 100% a SCAM!

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  33. #117
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    Re: DIGITEX "Bitcoin Futures Trading"

    So Fatcity this site genuinely is just for I told you so's and no discussion? Just a simple its a scam when you've not allowed them to do or build anything. Okay fair dos.

    What's the long con here? First it was they were not actually gonna build anything, just sell a bunch of worthless tokens, you can't just whip tokens out of nowhere, now its a long con. And yet they plan to hold no user funds in their exchange.

    Do you understand how the new token issuance works? Digitex obviously need funds to run the exchange, we can agree that you can't run an exchange for free. They draw up scenarios, e.g. create x number of tokens which will keep digitex running one month or x amount to keep it running one year or even create no tokens which will see the exchange have no funds to run the exchange after x amount of time. This is voted on by digitex holders. The team itself hold 100m(vested for 3 years - smart contract for that can be seen on the eth blockchain), 200m count as market maker bots not 'owned' by anyone, so that 200m has no voting rights. So 1 dgtx token will give you one vote, holders vote on the issue. Right now they say they have enough funds to build and run the exchange up to January 2021, so no tokens will be minted before then. So in that scenario it looks like it costs maybe a couple of million a year to run the exchange. Assuming the platform is popular and takes off the costs may increase slightly but not an extreme amount, so I think it will be clear to token holders if they take the piss with figures. Not everything is as black and white as it seems to you when you look at the finer details
    Last edited by Steveshaw; 04-05-2018 at 04:45 PM. Reason: added stuff

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  35. #118
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    Re: DIGITEX "Bitcoin Futures Trading"

    Quote Originally Posted by Joe_Shmoe View Post
    Steve, please point me to another thread on Realscam where the "company" in question was NOT a scam.
    I'm not on here to argue again. You think its a scam and I don't, that's fine. I'm not doubting that you may have an aptitude at finding scams(the same way I've had an aptitude at investing in cryptocurrencies the last 4 year) but at the same time I think the reality is nobody is right 100% of the time, its impossible. To write something off instantly isn't fair in my book, that's all.
    Last edited by Steveshaw; 04-05-2018 at 05:07 PM.

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  37. #119
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    Re: DIGITEX "Bitcoin Futures Trading"

    Quote Originally Posted by Steveshaw View Post
    Indeed, they would need an attorney in the US to confirm that the token was simply a utility token like they've said rather than a security which I believe can't really be judged until the platform can be seen in action.
    It's a security no question about it, everyone yourself included bought it with the expectation of making a profit. What Is the Howey Test? - FindLaw


    Quote Originally Posted by Steveshaw View Post
    'The main issue with Digitex is that you cannot sell your tokens.
    If they list on a public exchange where people can convert their Digitex to other currency this ceases to be an issue. If on day 91 you hear but but but well let's just say that wouldn't be a first.


    Quote Originally Posted by Steveshaw View Post
    You are trading futures contracts against other users, not digitex so in what way is it a casino? A casino has a house edge and wants you to lose, that's how they profit. If you lose a trade on digitex another user is winning, not digitex.
    There are plenty of illegitimate brokers that are https://www.investopedia.com/terms/b/bucketing.asp trades. Without being able to see trades clear on an independent system I'm not certain how you would know who or if you are are actually trading against anyone.



    Quote Originally Posted by Steveshaw View Post
    Digitex do not hold your funds or take a commission on it.
    How is Digitex going to clear trades and post margin without access to traders funds? Sounds like they would be opening themselves up to a hell of a lot of Bermuda Straddles. That's where a trader makes a huge one way bet with money they don't have while simultaneously purchasing a ticket to Bermuda. If the trade wins they collect, if not they catch a plane.


    Quote Originally Posted by Steveshaw View Post
    Then theres Excessive referral commissions - I agree that the referral bonuses were high but that's advertising really. They've paid out a fair chunk of eth(which you can find posted on their telegram page),
    Excessive doesn't even begin to sum it up. Digitex could have hired Goldman Sachs and raised 10X as much for less than $2.8M, who does that?

    Quote Originally Posted by Steveshaw View Post
    if it were a scam why even bother paying it out? Why not just sail into the wind in a 5million dollar boat?
    When someone shows their face promoting something they seldom run off, more often than not they blow their victims off one excuse at a time.

    A better question might be when was the last world class trading operation was started with $5m?

    Quote Originally Posted by Steveshaw View Post
    Anyway like I've said I'm invested in them and I feel like what they are building is going to have real value.
    I do hope you make money, but to me it sounds more like a good story.


    Quote Originally Posted by Steveshaw View Post
    Random question, are you actually from Nigeria lol
    Yes, does this document look like something just anyone could create?

    1.JPG
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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  39. #120
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    Re: DIGITEX "Bitcoin Futures Trading"

    It's obviously a legitimate document befitting a discussion about an obviously legitimate Bitcoin Futures Trading company such as Digitex.

    I'm surprised, therefore that such small, hardly noticeable mistakes got through the proofreader.
    The only thing necessary for the triumph of evil is for good men to do nothing

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  41. #121
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    Re: DIGITEX "Bitcoin Futures Trading"

    Quote Originally Posted by ribshaw View Post
    It's a security no question about it, everyone yourself included bought it with the expectation of making a profit. What Is the Howey Test? - FindLaw




    If they list on a public exchange where people can convert their Digitex to other currency this ceases to be an issue. If on day 91 you hear but but but well let's just say that wouldn't be a first.




    There are plenty of illegitimate brokers that are https://www.investopedia.com/terms/b/bucketing.asp trades. Without being able to see trades clear on an independent system I'm not certain how you would know who or if you are are actually trading against anyone.





    How is Digitex going to clear trades and post margin without access to traders funds? Sounds like they would be opening themselves up to a hell of a lot of Bermuda Straddles. That's where a trader makes a huge one way bet with money they don't have while simultaneously purchasing a ticket to Bermuda. If the trade wins they collect, if not they catch a plane.




    Excessive doesn't even begin to sum it up. Digitex could have hired Goldman Sachs and raised 10X as much for less than $2.8M, who does that?



    When someone shows their face promoting something they seldom run off, more often than not they blow their victims off one excuse at a time.

    A better question might be when was the last world class trading operation was started with $5m?



    I do hope you make money, but to me it sounds more like a good story.




    Yes, does this document look like something just anyone could create?

    1.JPG
    Yep I’ve seen the howey test, in that case every cryptocurrency is a security. Digitex haven’t built the platform yet so there’s not much point discussing it now, as mentioned they said they’d try and be regulated and operational in as many places as possible, and you can’t get that sorted with a working beta model of the platform at the very least.

    I agree, perhaps in that case we could wait and see on exchanges then?

    You need to read up on off and on chain settlement and how decentralised balances work. Smart contracts are designed not to allow any outside intrusion - either from digitex themselves or hackers. Like I’ve said this smart contract will be audited by someone independent, presumably the same independent sourced that verified that the ‘magic wand’ as someone put it here had indeed worked to create the tokens. This same smart contract would be on the ethereum blockchain where anyone could review it. You can see the full info of how this works on page 12, 13 and 14 of their whitepaper as I don’t want to copy and paste huge amounts of text.

    I’ve been in several others ICO’s, some have had bigger bonus payouts and some have had less. Some with high eth payouts, some with higher token payouts e.g. 50% tokens on top of what you bought. Some with no bonuses at all. This is how ICO’s have worked. I’ve seen scam ico’s give no commissions, I’ve seen successful ICO’s that went on to create something gave out huge original bonuses, this is not a digitex matter alone.

    Well they’ve followed through on what they’ve said so far. There’s no denying that.

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  43. #122
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    Re: DIGITEX "Bitcoin Futures Trading"

    Quote Originally Posted by 122435
    The FEDERAL MINISTRY OF JUSTICE condemns the distribution of FAKE certificates and is looking in to this matter with all expedience of modalities.

    Please note official, authenticated document below as presented by our barrister Hon. Fasola Olapade.

    Relevant documents must be submitted along with any tax of taxes of any ministry of corporation before the end of business hours today.

    DIGITEX FUTURES ACCT REDEMPTION.jpg
    "No one in this world, so far as I know - and I have researched the records for years, and employed agents to help me - has ever lost money by underestimating the intelligence of the great masses of the plain people" - H. L. Mencken

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  45. #123
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    Re: DIGITEX "Bitcoin Futures Trading"

    Just couldn't make it through this hayseed steveshaw's novella.
    I only read NON-fiction.

    Quote Originally Posted by Steveshaw View Post
    So Fatcity this site genuinely is just for I told you so's and no discussion? Just a simple its a scam when you've not allowed them to do or build anything. Okay fair dos.

    What's the long con here? First it was they were not actually gonna build anything, just sell a bunch of worthless tokens, you can't just whip tokens out of nowhere, now its a long con. And yet they plan to hold no user funds in their exchange.

    Do you understand how the new token issuance works? Digitex obviously need funds to run the exchange, we can agree that you can't run an exchange for free. They draw up scenarios, e.g. create x number of tokens which will keep digitex running one month or x amount to keep it running one year or even create no tokens which will see the exchange have no funds to run the exchange after x amount of time. This is voted on by digitex holders. The team itself hold 100m(vested for 3 years - smart contract for that can be seen on the eth blockchain), 200m count as market maker bots not 'owned' by anyone, so that 200m has no voting rights. So 1 dgtx token will give you one vote, holders vote on the issue. Right now they say they have enough funds to build and run the exchange up to January 2021, so no tokens will be minted before then. So in that scenario it looks like it costs maybe a couple of million a year to run the exchange. Assuming the platform is popular and takes off the costs may increase slightly but not an extreme amount, so I think it will be clear to token holders if they take the piss with figures. Not everything is as black and white as it seems to you when you look at the finer details
    "the owner seems really confident and even promises this one won't be going anywhere"

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  47. #124
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    Re: DIGITEX "Bitcoin Futures Trading"

    Quote Originally Posted by Steveshaw View Post
    Yep I’ve seen the howey test, in that case every cryptocurrency is a security.
    Every ICO is a security, not sure I would agree every Cryptocurrency is a security. Beanie Babies for instance saw a brief speculative bubble and had perceived value that did not make them a security. If someone was to sell stock on a fund that traded beanie babies that would constitute a security.

    "As SEC Chairman Jay Clayton has stated, tokens and offerings that feature and market the potential for profits based on the entrepreneurial or managerial efforts of others contain the hallmarks of a security under U.S. law."

    https://www.sec.gov/ICO

    Quote Originally Posted by Steveshaw View Post

    Digitex haven’t built the platform yet so there’s not much point discussing it now, as mentioned they said they’d try and be regulated and operational in as many places as possible, and you can’t get that sorted with a working beta model of the platform at the very least.
    There's not much point in discussing it because people already invested, IMO the particulars should have been in place ahead of the offering.

    Quote Originally Posted by Steveshaw View Post
    You need to read up on off and on chain settlement and how decentralised balances work. Smart contracts are designed not to allow any outside intrusion - either from digitex themselves or hackers. Like I’ve said this smart contract will be audited by someone independent, presumably the same independent sourced that verified that the ‘magic wand’ as someone put it here had indeed worked to create the tokens. This same smart contract would be on the ethereum blockchain where anyone could review it. You can see the full info of how this works on page 12, 13 and 14 of their whitepaper as I don’t want to copy and paste huge amounts of text.
    So I don't have to spend all day writing, let's say I buy 100% into the "Smart Contract" for trade settlement. Unless Digitex can link this Buck Rogers stuff with all the other regulated brokers worldwide to clear trades I'm not feeling it.

    Quote Originally Posted by Steveshaw View Post
    I agree, perhaps in that case we could wait and see on exchanges then?
    In reading as much as I could take of the whitepaper https://www.digitexfutures.com/wp-co...paper-11.0.pdf this sounds like it will be a very small illiquid platform. Despite the use of bots allegedly programmed to break even.


    As it stands there is virtually no interest in trading BTC futures, I could drive my truck through the spreads.

    Bitcoin Futures Quotes - CME Group

    https://ninjatrader.com/blog/bitcoin...-analysis-faq/

    The notion of penny spreads at a closed system settled on the Ethereum Blockchain is fanciful in my opinion.



    Quote Originally Posted by Steveshaw View Post
    I’ve been in several others ICO’s, some have had bigger bonus payouts and some have had less. Some with high eth payouts, some with higher token payouts e.g. 50% tokens on top of what you bought. Some with no bonuses at all. This is how ICO’s have worked. I’ve seen scam ico’s give no commissions, I’ve seen successful ICO’s that went on to create something gave out huge original bonuses, this is not a digitex matter alone.
    Adam Todd has been a sports tout for years, have you asked yourself why he couldn't raise $5M without paying a 35% vig?

    Most ICOs have and will prove to be investments going to zero.

    https://www.forbes.com/sites/tromero.../#17c803903922

    Quote Originally Posted by Steveshaw View Post
    Well they’ve followed through on what they’ve said so far. There’s no denying that.
    They say they are following through, that's not the same a following through. We'll see what happens in 89 days.
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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  49. #125
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    Re: DIGITEX "Bitcoin Futures Trading"

    This smacks of vaporware, a public listing of the coin two quarters before they are maybe able to deliver a viable trading platform?

    Seems Strange to me.JPG
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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