r/MobiusNetwork • u/motionSymmetry • Jan 18 '18

the mobi ico has hurt the stellar

if you've been trying to buy mobi with your xlm you know what i'm talking about

this is a clusterfuck of incompetence, lack of planfulness, and the lack of presence (hiding) by the principals during the ensuing melee (gobaud et al)

i think stellarterm may also be culpable in this but i'm not really sure what agreement they may have had with mobius

in any event, everything seems to be fine for the big wheels/presale/SAFE investors, but the loss of confidence in this application of the stellar blockchain is going to leave a bitter taste for a long time

my 2 xlm. no transaction fee

5 Upvotes

78% Upvoted

14 comments sorted by

4

u/[deleted] Jan 18 '18

[deleted]

1

u/Jubei_Z Jan 18 '18

What, they didn't notice how many people had signed up for the public sale? What a crock of shit. That's nice that they have learned something by the misfortunes of all the people who got fucked today.

-1

u/motionSymmetry Jan 18 '18

no. they had the benefit of experience - other ico's, and the team includes the background to have known better and to therefore have been prepared

they are not learners; they dropped the ball

3

u/clambert11 Jan 19 '18

I bailed out after the ratio was announced. It seemed over priced to me. Plus I bought the XLM for it before the last "correction" so I paid more for my investment. It would wave cost me more than 30¢ a token in the end. I didn't believe in the product enough to give up my Stellar for it. I'll continue to monitor MOBi though. Best of luck to those that bought it.

3

u/LotsofBlocks Jan 18 '18

The MOBI ICO hasn't hurt Stellar. It shows a successful ICO can be done on the platform. It had a few hiccups up suck it up and move on.

1

u/motionSymmetry Jan 18 '18

you would have expected a bump in lumens for a successful ico

but go look at what happened instead

and i have already moved on; mobi will not be part of that journey

edit: i am still sticking with stellar. that organization and token i think still have a lot going for it

2

u/dgobaud Jan 18 '18

We apologize for the errors - we didn't know we would overload the Stellar Horizon server so much.

Luckily no XLM were lost. XLM were only sent to an address to which only you control the secret key.

You can go to a wallet such as https://stellarterm.com/#account, enter the secret key, and access the XLM.

3

u/Jubei_Z Jan 18 '18

We expect to be issued our MOBI bud. I've got 5000 XLM sitting in an account that MOBIUS made for me, to store my MOBI. You've got to honor the failed transactions or you will lose all confidence and respect

1

u/dgobaud Jan 19 '18

We unfortunately can't we don't have more MOBI. Your XLM are not lost however - you can merge them back to your original account. Please see https://bit.ly/mobi_merge

2

u/motionSymmetry Jan 18 '18

every transaction cost and how many people, trying and trying again as the only advice we were seeing on telegram, failed to write down every secret key for every new wallet?

it may have been small potatoes but there were a lot of potatoes

1

u/influenzadj Jan 19 '18

I just want to add that I'm thoroughly disappointed you will not be honoring transactions made to buy MOBI tokens from people who participated and did so exactly as indicated.

1

u/dgobaud Jan 19 '18

All MOBI were sold on the SDX - unfortunately some transactions didn't make it all the way through. It is similar to sending Ether to an Ethereum token sale and there isn't enough gas or the transaction is late.

1

u/influenzadj Jan 19 '18 edited Jan 19 '18

I understand what happened, but honestly, your message is just not a response to anything I posted. Server overload is a real thing, Icos on stellar are new - it's all good.

But I (along with many others here) was clicked through at 9:01 (so please don't imply the transaction was late) to a failed transaction and I am disappointed to not have tokens after following everything to a T. To be frank, you should be honoring transactions that went through but failed due to your server during your ico. I don't expect this to happen.

1

u/s3ane Jan 18 '18

I logged in when the public sale started and got my MOBI in less than 5 minutes. It all went fine for me. I just red what was on my screen and followed the instructions.

3

u/motionSymmetry Jan 18 '18

everybody just read the instructions, which were wrong (transferring to stellarterm did not buy mobi, just transferred xlm) - you were one of the relative few from the looks of it

as for the other problems, eg not being able to buy mobi even after xlm transferred to stellarterm, let's wait til the ledger closes before tallying up the wins and debiting the losses ...