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RE: If you're asking for donations for/while revealing a "big partnership", how are you not pulling a scam? $xvg #verge #scam
I hear Verge didn't have an ICO and will ask for donations from time to time.
You wouldn't expect the Apples and Teslas and Samsungs of the world go around asking for people to donate their stocks. And the worst part is, Verge is asking for donations to reveal the supposedly "biggest partnership ever" in crypto. That's just bullshit.
Of course you wouldn't, but they (the Teslas) could issue new shares for existing shareholders to purchase. I think this new economy is just that new and needs to be viewed from a whole different perspective. Applying what we know and possibly what we want to get away from, is the incorrect premise.
P.S - What are your thoughts on the big revelation?
That's not how it works in traditional stock markets. The traditional companies cannot just issue new shares out of thin air.
If you're talking about Bonus stocks / stock split it works differently. If TSLA stock is trading at $1000 a stock for a face value of $10 stock for example, you'll find less people interested in buying it. So when TSLA offers a stock 1:1 split, they reduce the face value too.
So the net effect after the stock split is zero, the stock price becomes $500 and the face value also becomes $5. So instead of holding 1 stock worth $1000 you're now holding 2 stocks worth $1000. You're more likely to buy a $500 stock than a $1000. So this increases the liquidity in the markets.
And about the big revelation - The XVG market tanked the day when the announcement happened. That in itself speaks volumes. No one pays for porn except already rich weirdos. It's not meant to last long, and pardon the pun. :D
Thank you. I was talking about Scrips etc. As for XVG, I think the tanking of the price was driven by the "buy the rumour and sell the news" brigade. The main "success" of the partnership in my view is mainstream adoption. If nobody paid for porn, there'd be no porn business. But it's here and looks like the going is good too.