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There is no European banking license. This would be publicly visible and, of course, must be made public in the appropriate places. A bank in Laos does not replace European regulation and does not offer comparable legal protection for EU customers - especially not in disputes or bankruptcy. And who wants their money offshore (outside legally binding systems) in Laos?There are no indications of which financial institution is preparing and accompanying the stock market process. But it must be a public process, in cooperation with a properly licensed bank. Otherwise, you can't get to the stock market.There is simply a lack of a product.
The value only increases if demand is greater than supply. Limiting the maximum number of tokens alone is not enough to lead to a value increase.This only works if demand for these tokens is increased.I elevate it to the status of a new cryptocurrency (the emphasis here is on currency, the "crypto" can initially be ignored).As an additional property, the following is now introduced: This new currency can be exchanged back into normal currency (the exchange rate at which it can be exchanged back is not fixed, the token is not listed anywhere and is currently not traded).
You buy the tokens now at a certain price - your normal money flows into the token world.In the token world, there is a value increase - because demand is rising and the maximum number of tokens is limited (everyone knows this, it was the same with Bitcoin).If you want to realize the value increase, you exchange the tokens for normal currency (FIAT money) and now have more money than before.
This scarcity is not natural but deliberately created.The price does not arise from a free market but through rules within the system.There is no external market where supply and demand meet independently.whether the tokens will ever be listed on an external exchange,on which exchange that might be,under what conditions trading would be possible,and whether there would be enough buyers there at all.Suddenly, there are more sellers than buyers.The price comes under pressure or collapses.Payouts are delayed or restricted because they depend on new money.
sourceless.net | english
Hi everyone, please take a quick look at this. I accepted an invitation from someone on the sales team and watched the video conference.
Also, please read through the other two pages. They are evaluations of two different AI´s, and you will find additional sources there. The other is written by me and reflects my personal understanding of the situation.
I'm quite sure that the whole thing isn't really serious. No one wants to be scammed, so I've decided to share my information with you. Simply because I don't feel good about it and I think everyone should know. If you are informed, you can still decide whether you want to take on so much risk for profit.
Key points of my skepticism:
1. There are no publicly verifiable indications that a satellite system is specifically planned or financed. There are no bookings with the major rocket launch providers, primarily SpaceX or ESA (European Space Agency). The Chinese have no free capacities because they themselves are launching hundreds of satellites. No one can secretly bring satellites into space. The valuation of 2 billion dollars is far too low to suggest that many satellites could be launched into space. For comparison: Coda.io is a rather small company with about 600 employees and a market valuation of about 2 billion dollars with annual revenue of about 40 to 50 million dollars.
2. The blockchain-based messenger cannot generate money. On the one hand, there are many free providers, including those with anonymous registration and full encryption. And the main argument here is: You have to convince a large number of people to use the sourceless messenger and switch from their previous messenger. Otherwise, you can't communicate with your friends because they are still on Facebook or WhatsApp.
3. The own AI doesn't seem to exist. What exists is a very simple voice assistant on the website. No one secretly develops a powerful AI and if they did, it would be compared in benchmarks with established models, as is the case with Mistral - the AI from France, for example.
4. The STR domains have no actual use, there is no market or demand outside of sourceless.net. Their actual function is that they are unique and linked to your name. This is roughly equivalent to what an email address is. However, sourceless uses them as an "entry ticket." You have to buy them for 99 dollars. Once purchased, you get the right to acquire crypto tokens, which you buy with real money.
The actual business model:
You bought the "entry ticket," now you can buy tokens. But why would you do that?
It is promised that the token is limited in number. The idea behind this: If something is scarce, its value increases.
From this statement, the following can be deduced:
How could you increase demand for something that essentially has no value? To do this, I must give the "token" two new properties and then increase demand by telling the story of future development.
Now to the story of future development, reduced to the absolute essentials:
Now to the mechanism behind it:
This still doesn't answer the question from above, how do you increase demand for something that essentially has no value?
We have people who would be willing to buy the tokens if they believed the story of future development.
Now you build a sales system where there are rewards for convincing new people to invest money.
The principle behind this is similar to the - pyramid scheme - it's just more complex.
Reduced to the essentials:
The people who are at the beginning of the system (at the top of the hierarchy) actually receive significant payments to their accounts. These payments are fed by the newly acquired people (entry ticket and tokens).
And these people tell the story of success or value increase.
Over time, more and more people join this system, wanting to participate in this success. In the same measure, sourceless.net's revenues naturally increase. This can become a lot of money over time, but a large part of it has to be paid out to the newly added people so that the story continues to be told. MUST? Really must?
In comparable systems, it often turns out that payouts are eventually restricted or delayed once growth slows. The newly added people no longer receive anything, and the story with the sales system comes to a standstill.
The value development of the tokens
I won't go into the technical details here, but only on the basic principle behind the alleged value development of the tokens.
A central element is that participants are encouraged to not sell their purchased tokens but to “hold" or "store” them. Bonuses or additional tokens are promised for this storing.
The effect of this is as follows:
Tokens that are stored are not available to the market. This artificially creates the impression that only a few tokens are available. A lower available supply should – with constant or increasing demand – justify a higher price.
From my point of view, this is the fundamental problem:
Now an important point:
The tokens are not currently freely traded. There is no public marketplace, no known exchange, and no transparent price that arises from real supply and real demand.
Thus, it is currently entirely open:
As long as a token is not publicly traded, its value only exists theoretically within the system. A price quoted or displayed internally is not a market price but merely an internal calculation figure.
Another aspect is the system's sensitivity:
As long as many participants store their tokens and do not sell them, the story of value increase works. However, the moment several people simultaneously decide to exchange their tokens back into normal currency, the available supply suddenly increases.
Then typically the following happens:
The system thus heavily relies on the trust of the participants. It only works as long as the majority believes it makes sense not to sell.
In summary:
The promised value development of the tokens is less based on economic benefit or a real market and more on the willingness of participants to hold their tokens as long as possible and trust that a functioning market for them will develop in the future. Whether this actually happens is open from today's perspective and poses a significant risk in my view.
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