[ANN] New Bubble Asset Launch!!
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@AngryChicken said in [ANN] New Bubble Asset Launch!!:
But all in all it's the most exciting asset on the exchange with the ability to out profit any asset.
It is statements like this that are the most misleading... This is not an Asset, it is at best a zero sum game. If there are profits for some then there will be losses for others.
Rich
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Awesome, 24 hours and 6,000 Down!!!
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@RichBC I understand that you don't like the concept for yourself but an asset by definition is "A valuable item that is owned.". This has value, and is owned by an individual thus making by definition an asset. A car is an asset that over a period of time goes to zero. As far as I'm concerned the asset exchange is being used properly and for it's intended purpose. I just made it more fun rather than numbers slowly changing. :)
AngryChicken
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Alright 72 hours and 21,200 Down. Were on a roll, Keep it up everyone!!
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@AngryChicken Not an Asset, the only way shareholders can get paid is if someone else buys, they will always have to buy at a higher price. So that means you have the Burst they sent and any new buyer now has to lose Burst eventually just to have another buyer enter at a lower price or compete with more shares.
You need to come up with a compensation for holding the shares. That is all. Then you can have the right to call it an asset. The definition of Asset is "A Valuable item that is owned"... There is no value other than the value of the Burst that was sent in to buy the Asset. It is Valuable to you now, not to the holders of the shares. They get nothing since no one in their right mind would buy the shares higher when they know the Bubble Bursts eventually. It could be tomorrow for all they know and if it is Years why would anyone buy after an amount of time knowing the Bubble will happen.
Just think of a way to augment the structure. Keep the Bubble idea but give dividends, do something with the Burst sent in and maybe it is just giving more shares away to others unannounced. You can take the Burst that is invested and have random buyouts from the sells. This way the Burst is never sold to dump the price of Burst. So the fact that you are buying back at random times and popping the bubble at random times the lowest amount people can get is what they bought in with. Then you can also have aged bubbles like you mentioned. If you get to a point where the Bubble has no more participants then you have bought back all the shares and have no more investors. At this point you will see the success or failure of your Asset. Because it is always being paid off with money that is brought in it is kind of a Ponzi so maybe offer a service or back it with Bubble Gum you bought at wholesale. Something of value that the Shareholder could trade back to you if they can't get any other Value. Maybe you have Coupons to give them? Be creative!
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@CryptoNick
For the first paragraph, this is how the stock market works with a dividend-less stock. That's how things work.As for the second paragraph, "compensation for holding the shares" is called a dividend, ask a economist. No asset needs to be pay a dividend to be an asset. A car doesn't pay a dividend but ask your bank or the government it IS AN ASSET. The value of this asset comes for the Burst you payed for it, and hope to get from it, jut like a car you could sell of a loss but it's still an asset just a negative valued asset. As for when the bubble will burst it will be more than a year because the bubble will only burst when the value of all the asset in circulation exceed the Burstcoin's in circulation, that's how normal bubbles burst, again ask an economist.
As for the third paragraph, the Burst that I earn for this asset will be distributed to the public in random ways, such as faucets, donations. and getting new users. The point is to reinvest burst back into the community not buy the shares back. This would cause me to go into debt as the price would rise and I'm not allowed to resell above 1 Burst or 5% of market value. Also note that like I said I don't pop the bubble the math does.
I understand you don't like how it's a dividend-less asset, but just because it doesn't payout or offer a guaranteed payout doesn't mean it's not an asset. Think about buying a stock on the stock market that doesn't pay a dividend. If the business goes out of business then the stock is worthless and you never got anything out of it. Because who buys a stock for a company that's out of business? The reason people will buy once the bubble starts is because reward goes up. yes it will burst eventually based on math NOT ME, but it's a gamble (safe until the bubble gets too big).
Another way to look at this is, why would someone buy a lotto ticket knowing their chances are 1 in 1,240,000,000,000?As for the "ponzi" you claim. The users are fully aware of whats happening, so there's no way it could be classified as a ponzi . Also I only get payed once (And a low amount at that) so there is no funneling of wealth to a single individual.
In a way it's a reverse ponzi, as it steals from a single person that holds the share at the end and gives to a majority along the way.Please read the whole post before posting.
Thanks,
AngryChicken.
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@AngryChicken I never meant to say Ponzi only about how I was outlining my solution. The fact that you put the details out means it is a Participants risk or perception of risk vs reward so I don't imply Ponzi to the Bubble.
So yeah why would anyone buy the lotto ticket? They are willing to risk for the reward. Same with the Bubble. We can only consider a Lotto ticket an Asset before the numbers are drawn a Liability and worthless after unless you won something.
So your bubble is always in fluctuation between these perceptions. When Math has already predisposed your positions the term Asset can't be used. The Burst was worth the same amount to make its worth and is only extrapolated by time. By giving the Burst you get for the "Asset" to someone else, they now hold that worth to be sold on the market and plummet the price. So giving it away only decreases the value.
Getting more people involved is great but giving them your "Asset" means the Math needs to chew up more money from Other people rather than you to make it try to meet its Value to those who bought in initially. People who buy in at the height of the bubble just lose and have to wait for buyers and time and maybe they go to your faucet for their Dividend. Unless you are hoping that the people who get the Free Burst now use it to buy your Asset which just becomes circular.
I know you are trying hard to get Burst out there so I don't want to discourage you at all. I just think you need to offer something. But if people know what they are getting into I guess all is good and fair.
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@CryptoNick I agree, except for predisposed math determining weather an asset is an asset. Assets always follow a pre-calculated mathematical formula, through options, derivatives, and so on... Al Assets follow an exponential, linear, or a sine wave path that can be extrapolated to determine future value. This asset follows a sin wave path it goes up slowly then rapidly, then falls suddenly. Thing is the Bubble asset WILL ALWAYS BE WORTH 1 BURST, therefor differentiating it from a lotto ticket. Like I said above it's not for everyone but for some like HotPotato. This asset is only a fun way to play and gain experience with the asset exchange and earn Burst as well. This asset is not to be heavily invested in unless that is what you wish to do.
Below is a sine wave (What I used to describe the value of Bubble) this isn't 100% as bubble drops steeply

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@AngryChicken Your positions are predisposed by Math where you are setting a 1% at X to derive its value based on nothing other than that, making it not an asset or of value other than you derive it, I guess I wasn't clear.
The worth of 1 Burst came from the original Burst not the "Asset". It may still be worth 1 Burst inside the Asset but meanwhile a Faucet just dripped it out to someone else who sold it for BitCoin. Now someone else puts it on the Market waiting for someone to buy it. So instead of Buying from the Market lets say everyone goes and buys your Asset. The price goes Nowhere, Value goes down for Burst since 21 Million Coins now dumped, people have to hedge their positions in the market and keep the coin on the market to play it. Any giveaways now sell off and more people invest in your Asset only to repeat the cycle up to 21 Million.
Come to think of it this may actually work fine for Miners who get the coin for free so I don't really see any problem with it. So you will be the first successful Non-Asset Asset! Congrats!
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Any news here, I bought 15k or so and haven't seen any movement, what are the plans going forward will there be a refund if this asset is deemed not working
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@dagentlemang I thought more people would buy some, more so as a fun game and such. The Asset is still being monitored. The reason it's not going anywhere right now, in my option is that a few people gave it harsh criticisms. Not that the opinions were invalid but I think they damaged the assets startup. Anyway I didn't want to spam the community with an asset, but I think that it may need a bit more publicity as it hasn't been talked about much since the launch. The asset will still trade for as long as burst is around.
Sorry, for such a delay I just got really busy this week and had to setup a couple of severs.
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@AngryChicken the response is definitely appreciated, I sent you a dm
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I must take a strong stance against this Asset, this is nothing more than the definition of a Ponzi scam. People buy more so the first investors get more value and then it resets (take all their money). According to Dictionary.com
3. assets.
a. items of ownership convertible into cash; total resources of a person or business, as cash, notes and accounts receivable, securities, inventories, goodwill, fixtures, machinery, or real estate (opposed to liabilities ).You admit to having no back end value or resources. My recommendation to you is close the asset, admit it wasn't a well thought out idea. You have a chance here to "save face", not many people get that chance. going through with this could destroy your reputation.
-IceBurst
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@IceBurst The asset resembles the HotPotato Asset as I have mentioned before. The goal was to have a game on the exchange not owning shares in a certain object or entity. The asset will continue to run, even if some don't like it . If what your saying is that if I don't close an asset that wasn't intended to be taken as seriously will damage my reputation, then I say let it. I didn't do anything wrong, the buyer was informed (As long as they read), and they were warned. The game is open to anyone that wants to play, for those who don't it doesn't apply. Simple as that, the asset isn't hurting anyone. If it were to hurt someone, then that would be there doing not the asset.
Note to All Asset Buyers: Don't Invest More Then You Can Afford To Lose.
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Looks like the bubble asset got more attention there has been a upturn in trading.
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So do you think you're ever going to give me my investment back , no one is buying into this shit , and you're stpped caring i'd like my 15k burst back thanks


