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Let's hear this side of the argument? from what i know David came out with only what he was promised for his work and is still working on the project. Are you claiming any different?

I agree though the BTC where ever it went should be returned to the investors else legal procedures should be taken. I think BTER are lucky to still be around after this. To be fair BOB although a scammer is not the one the investors put faith in. BTER should be number 1 culprit here. But both need to make things right. David SEEMS okay in this unless anyone can explain why exactly he is to blame other than having his name used to gain further trust? he seems to have only got what he was promised and is working on delivering what he was paid for.

How an exchange can be allowed to allow fake ICO like this and still exist is crazy.

So just because the BTC rate (in fiat terms) has decreased since the presale we will all rush to hand our precious ETH to you folks at a retarded discount...   sounds just about right...  

This has got to be a joke.  How stupid do you people have to be to throw your BTC away on this trash?

I suppose I answered my own question.

over 1 year im waiting for it. i think price shouldnt be lower than 0.01 per ether.cause we bought around 0.001 per one and we put our money to 1 year investment. under this amount it would be waste of 1 year.

Hi folks,

     It was nearly exactly a year ago that I posted an announcement about a CFC for a system and was faced with the same responses, scrutiny and reluctance as Jared (Stoner) is now.  I was fortunate enough that those who were familiar with my work or had worked with me spoke up in favor in those times of skepticism.  Ultimately, it was a mixture of those whom had vouched for me as well as some blind yet curious faith that led those uncertain to follow the progress.  Some of you may know me, some not.  Since before that CFC went live and to this day, I've been here and have released several versions of Neos and have continued to support it.  The channel on IRC is consistently filled with folks who can attest to the fact that I live there more or less.  I've been involved in crypto for a few years now, and it's the only work I not only enjoy but have a very strong passion about.  I don't support scams nor get involved with them.  I will however, call a scam out if i realize the community is in harm's way and may or may not realize it.  I'm always upfront and honest to a fault with this community.

Over the course of time, I shifted from developing full-time on Neos into what I've been referred to as a "hired gun", or a contract developer.  I'm approached by many for development work ranging from initial development, to infrastructure and debugging.  If a coin is broken or needs upgrades, a hard fork with economic or network changes - I'll decide if I want to get involved based on the people involved, what I know about the project and people and if I feel it's just a quick cash grab.  This space is filled with enough people losing money on fly-by-night pseudo developers endlessly promising fairy tales.  Jared being a long-time friend, and fanatical Neos supporter and I were talking about the future of Neos a few months ago.  I had mentioned potentially shifting Neos to a PoS base as that was what the community was requesting so I was experimenting with some modifications.  Following that, I was looking for a system that could handle data on the network also - namely for aliases as the current system isn't built into the core.  Namecoin and Syscoin were my go-to's for reference so I began studying the code, and porting it into a stable PoS base to further experiment, spot areas of improvement and see exactly what could possibly be done to produce something new and useful for Neos.  Many projects have attempted to do so, some inefficiently and others with quite a few bugs.  I've been staring at this code for quite some time, the most subtle nuances that a blind eye wouldn't spot definitely have an impact on the end result and that's paramount.

Jared has referred many people to me for development work, and I've always taken it on as his referrals have been legitimate and paid well, and on time.  He approached me roughly a month and a half ago and asked if I could keep a project in the making to myself, and that he'd spoken with those involved prior to asking me if it was alright with them to divulge what they had in mind.  After we discussed the details of it, and I asked who else was involved he told me three of the other developers - and we knew each other.  The other folks involved I only know by alias and from the introduction by Jared.  The first thing discussed when we were all in a chat together was the sensitivity of keeping people's privacy in-tact.  The reason being, several of them aren't crypto devs but one of them is a developer for a known product, one of them in the political arena, and another person an analyst for a financial firm.  The fact is, the nature of this project and what it could potentially represent could be questionable and have a negative impact on their reputations or livelihood.  Me?  I'm just a developer with a passion for crypto who believes in freedom.

With that being said, I was given an initial amount of funds for my role within this project which I'll go into details regarding that shortly.  As much as the details of our arrangement are between us, I'm a pretty wide open book and I'm fine with disclosing the terms.  I've explained to the other folks I stand by what I believe in, and I've voiced my advocacy for freedom many times over publicly and that I wouldn't sit idle while the doubts were "emphatically" expressed.  If it were anything other than legitimate at least in my opinion, you would be seeing a post by me double in length and with even more rationale and facts to back it up.  So in all fairness and in the interest of someone's name and a project that's been worked on with enthusiasm as well as great dedication, I'm writing this.

There's a chicken and an egg situation here.  When the team discussed the terms of the ICO, the minimum required amount was discussed with growth and debt in mind.  The folks involved, including myself, can't afford to turn down work or income while working on another project on a promise alone.  Their arrangements and terms I'm not privy to, nor do I wish to be it's not my business.  However, to have me on board for the duties I'm responsible for myself - it wasn't an exorbitant amount nor was it the most humble.  We all have bills and people to pay and that's just business.  I've voluntarily stepped into the light here, my information is public and when I'm not coding I will answer questions to the best of my ability.

Regarding my responsibilities in this project and the role I play.  The developers at the time I had spoken with Jared were past the planning stage and were just basically outlining the details of the project and goals/milestones and what they'd like to see in the project, out of the project and needed in the project.  I think I can fairly say everyone's feelings towards the rapid censorship, especially as of late are not the fondest.  They had implemented some of their ideas into standard data messaging but they were having issues with a few aspects of it such as size, compression, delivery and basically a usable system that wasn't relying on heavy hash to keep the chain moving, or a PoS system that only urged people to hoard with the intention of profiting later from a) lack of supply in the wild and b) interest-based gains which would then just lead to flooding the market with sell orders.  Their goal and idea behind the system wasn't to price it for traders but aimed more towards something that was actually unique and usable.

So what do you do when PoS isn't a) always stable b) supportive of a healthy economy typically c) defeats the purpose of the system you're building?  What do you do to prevent the necessity of large hash to keep this network in motion without financial overhead?  My suggestion based on my aforementioned experimentation and knowledge was make an abundance available for the sale, auxpow mining since now we have scrypt asics everywhere and hash is readily available, and incentive based on a proportionate amount of reward based on use.  This system isn't made to sit idle, it's meant to be used and thus those who either directly mine it or auxpow it, will be rewarded based on that use.  A prime example, is I'd run the Neos forum on the system and get rid of the hosting fees we have right now for that server.  I thought this would be a great and practical actual *use* of blockchain technology instead of just a project based on finances.  There are others out there that have great systems in place for other uses, as there are others out there with only financial purposes.  Everything is derived from inspiration brought on by those with the thought in mind and reference of the past as well as present.  Syscoin is great, they themselves looked into Datacoin and Namecoin.  My role in this is to re-engineer it into something else in the areas of transport and storage.  Analyze the current bottlenecks, shortcomings and recognize areas that could be improvised to function differently and in many cases along the way - improved.  Once the source is released, I'll be explaining to anyone interested what's been changed, written from the ground up, questioned and what's been removed with the reasons behind it.  For example the fee reward system, the account system and quite a bit more.  As I said, this is going on more than a month in the making and that's just the point at which I was brought in with the agreement and promise of post-ico employment.  The 4K BTC sum isn't what's expected to be reached, but just what's made available.  You can buy 1, 1000, or 0.  A project of this magnitude that's actually legitimate has costs to not only create but to maintain, support, and grow.  The minimum set is what's been told to me to afford to keep everyone involved paid and the project continually developed.

There have been quite a few questions here along with doubts and my intention here is to hopefully bring some legitimacy to this project as it truly is worthy of positive attention, at least in my opinion.  As I've already stated, I don't get in bed with scammers or those with less-than-honorable intentions.  My personal salary from the sale wouldn't be given to me in a lump sum either regardless of the level of trust the rest of the collective or Jared have in me.  It requires a certain level of responsibility, experience and trust to be in the position Jared's in and if I hadn't known him for as long as I have now and worked with him I would be skeptical the same as those voicing their concerns are.  There have been quite a few companies, investors and developers in this space that have expressed a great amount of interest and with good reason. The ground work was almost all laid out when I came into this project, it was the implementation and delivery that was lacking and that's where I've been able to step in and offer my abilities.  I've introduced an experimental alternative to leveldb as was in conjunction to it as a possible replacement for a multitude of reasons as well.

Regarding the roadmap and features detailed there.  Some are already in development, a few in which I played the role of coding (encrypting the data on the chain for example).  They're included in the current list of features only because they've been thoroughly tested.  I never release anything as "done" or "included" without proper testing.  With that said, updates will come as features are tested and proven stable - not before.  Graphical roadmaps, elaborate images and graphs - unnecessary.  History has shown us time after time that a scammer can hire a designer, pay a nominal fee and rob us blind.  The intentions behind the simplistic layout were to be informative and forthcoming - not beautiful.

With all of this considered, the person in the position of holding responsibility for the financials is not only someone who has voluntarily given their time to support and nourish other communities, but also someone whose personal information is public and I as well have Jared's information even beyond what's disclosed in the CFC along with one hell of a lawyer that practices both in and outside of this space thanks to another reputable person involved in crypto.  Every bit of relevant information regarding his holding and dispersal of the funds is documented and legally binding.

Lastly, I've been accepting contract roles for the last several months since LTCGear went belly-up to maintain my role within the Neos community and in crypto in general.  I haven't missed a beat with regard to my role or support with Neos, even while coding for others.  I don't want to give the wrong impression, even with the clarity I've hopefully provided so I'll state again - I'm basically an employee whose future role depends on the response to this project.

I'd like to thank those who have read this lengthy post for your time and hopefully better understanding of the rationale behind a few of the uncertain details.  Now it's time for me to get back coding.

     Best regards,

syntaks

ETC, ethercoin has nothing to do with ETH, ethereum!!!!!
ETC, ethercoin was released just to drop people into error!!!

keep this assertion in mind

ETC IS NOT ETH!!!!!

Here is a graph I made om coinigy. Price-axis with logarithmic scale.

ohh mate. are you in a dream???  All big brothers abandoned this coin and it ll down to 4k soon. believe me . dont buy this coin or you ll loose your money. wait till 4k. i was always right. i am not a fudder. if you see my old messages you ll see.

I understand the reasons for wanting to stay anonymous.  Taxes and legal issues mainly.  Still, it's something that is going to come with the territory if you are talking about $1 million.  I don't know what country the developers are from, but even if the funds are collected anonymously, good luck cashing out $1 million dollars in the states without drawing the attention of the IRS.

I have no problem gambling here and there on a shady looking project, but let me put it this way, I flicked 2 BTC at Bobs fucking Surplus and CIRC during it's ICO.  I don't feel confident putting a single satoshi into R3D as things sit right now.

What exactly is my "assumption"? I am just watching the price crash. You are doing a lot of "assumptions", not me - and I actually hope you are right. BTW, you said you were "out for now", now you say you are accumulating? Which is it?
I know about Mr Dixons China trip and I actually also think this coin has upside potential, I am just wondering why they let it fall that much.

I`m really curious to see how low Max Keiser, Karl Gray and Simon Dixon are going to let their coin crash.

And you, why don't u login to your other shill account, politzer.