Further Eliocoin Information...

[mkiker2089]

I've been watching the alt-money movement since it popped out Bitcoins ten years or so back. I understand how the tech works. But once it enters this space my mind breaks. Damned few people get it, and some of those are plain ideologues and I discount their notions. But I know some people are confident in the newer ways of pulling off these new monies, and I do hope that Elio has it figured out. I am full of hope.

My concern isn't about the tech, it's the real world implications. If it is "ownership" like stock then how do you redeem it? That's what I meant with giving them time to explain it.

I'm assuming they mean ownership in a bond sort of way and not that I can roll up with my ElioCoin and raid the supply closet at will.

Other crytocurrencies are in my opinion somewhere between Buffet's "rat poison" and casino chips. It's just gambling and speculation.

 

[ElioWallSteet]

If it is "ownership" like stock then how do you redeem it? That's what I meant with giving them time to explain it.

They have explained it in
theory...ownership of ElioCoin would be a unique encryption code transaction similar to all crypto currency‘s... hence the term “blockchain” tech...

That’s where Byrne’s tZERO crypto currency brokerage platform comes in to play...assuming ElioCoin ever is approved by the SEC...Byrne hopes to make sizable commissions as an middleman for STO/ICO’s like ElioCoin...

The question is...will EiloCoin ever have an intrinsic value to investors...

At least 50% of the recent crypto coin offerings have proven to be worthless...that’s why the SEC is jumping in with new regulations... too many speculators have been burned...

Easy money should always be scrutinized...

 

[mkiker2089]

That's just explaining the tech. We still don't know how it gives me ownership of the company or assets. We assume it will be traded on an Elio or even on Overstock since Byrne is backing it. tZero and all that is just the tech side.

Remember that

“An STO allows consumers to purchase digital coins or tokens as part of a public offering, just as they would in an ICO. However, unlike many ICOs, these tokens will be backed by a tangible element, such as assets, profits, or revenue in a company, according to Byrne. It’s like holding shares in a company.”

Hence it's not just to spend or trade on a website that has no tangible assets and doesn't exist but it's for tangible elements.

 

[Rob Croson]

They have explained it in
theory...ownership of ElioCoin would be a unique encryption code transaction similar to all crypto currency‘s... hence the term “blockchain” tech...

That's just a bunch of technobabble that provides no real information.

How do you buy an Eliocoin?

What does owning an Eliocoin really mean?

What rights does owning an Eliocoin confer?

How do you sell/redeem Eliocoins?

How do you determine an Eliocoin's value?

If Eliocoins are "Secured Tokens", how are their values "secured"?

Why would I want to buy an Eliocoin instead of just buying Elio stock?

 

[84mpg]

If I remember correctly - Paul said at the recent press conference, that there should be news/information coming within weeks. We’ll all have to keep our fingers crossed...

 

[Made in USA]

Not much new, but at least they are in the news (in a good way).

https://www.ktbs.com/news/arklatex-...cle_0cd30a58-5ae7-11e8-922d-e7fe1eed4c57.html