Because the assumed the valuation would increase immediately after launch.

It didn't increase. It fell.

On realising they were wrong they are now cutting their losses in case it goes into the hundreds.

Could somebody try to explain to me why oh why would anybody sell so low after getting in on the ICO for at least 250sat?
My head is about to explode from trying to reason that. I know, panic sellers, but that doesn't explain the shear stupidity!

OMG CRASH HAHA GOOD THING I SOLD MY 4 BTC WORTH ONLY LOST .06 

This user is currently ignored.

Im surprised this hasn't really been elaborated on but I think thats exactly where part BitBays market lies.
It could never be brought down like the others.  

After markets and markets are going to be done the end of the year. How do I know? Because I was the only coder and there is already lots of things hard coded in to make it happen. BUT there is going to be a lot more after release. Fine tuning the trust system, calculating risk, adding more features. It never ends. This is the Half-Life 2 of software. Except you play as we build. So lets say 3-4 months.


Another guy asked about BlackHalo. And if you guys have been following this thread. I'm the biggest BC bull out there. BC gets the markets first actually. They get their own exchange NightTrader. Then i have another special idea in store. But going to avoid discussing it until all this work is done. So lots of excisting things in store.

You sir are 100% correct. YOU are the backers. Once volume increases money circulates and you profit. The speed of the money determines the speed you cash out. But you have to be careful to not sell too low. If you do, someone will IMMEDIATELY buy your coins and sell into the wall at BTER!

I think this is different from NuBits, in this case we control circulation speed. Parking is not optional. Its mandatory. Its all based on math.

So if you have 1000 dollars in liquidity and the speed of the circle is 5% a month, next month you may have 950 dollars in liquid and 50 off market. You were not given the choice it just happened naturally. Think of it like being forced to invest by the network.

That speed is controlled. So we will all profit but as a company. We need to grow our company in size to increase the speed of the wheel!!

If too many sell, the wheel stops and waits for buyers to force a market correction because the backers need to make arbitrage in order to return their investment of the buy wall. We will set that wall and use statistics from BTER to calculate the rate of the wheel.

Regarding how the developers get the ICO fund, I would suggest a weekly payment based on the quality of update and github submission.
Meanwhile, if the release of the BitBay wallet is nothing but a simple clone of Blackcoin and BlackHalo, I don't think it could worth more than 10 BTC.
Of course, more BTC could be reimburshed for reasonable advertising cost, etc.
To make it simple, no work no pay. If the team runs away, the rest of the fund could be returned to the investors or used to hire another team.
If all the fund is given to this team who just produces a simple clone of Blackcoin and BlackHalo, I believe the team might have a strong motivation to take the money and run away. It is not difficult to produce a clone of Blackcoin and BlackHalo (which just worth 10 BTC), but it is really difficult to finish the rest of the roadmap (2990 BTC work).

It IS possible. I can prove it in a video which I will show this on a whiteboard and we will make many videos professionally describing the economic theory.

We will fork and immediately freeze assets. However the funds available will be a small fraction of the frozen supply. Think of how ripple has 99% off the market. Well we will be similar. Except the "market" will be all of YOU. Mathematically, if there is only 1 million coins on market and a 2 million dollar buy wall at .95 cents. If everyone sells into the wall they give all the money to the people at the wall. Now any volume has to be higher. This forces arbitrage!! Now the people at the buy wall profit instantly because they suck up all the volume at .97 cents!!! Now you may ask, if your funds are frozen what is the USE??

First of all the use is, as the market grows so does volume so we allow faster circulation. People from the frozen side move to the liquidity side. People from the liquid side move to the frozen side. This happens very slowly. We have the option to decrease or increase this speed. Much like a wheel.

Therefore, its almost the way the US Government controls price. They use money sink holes to suck money out and then allow money to circulate.


They have the ability to depress or inject. Here instead of faking it like most govs do, we do it by freezing and unfreezing or like NuBits calls it, parking. However, in this case we ALL FORM THAT BODY. So this is very similar to decentralized governance? Dont believe me? Do the math. Take 10 dollars but remove nine. Place a buy wall at one and a sell wall at two. Make the supply one dollar. If the full supply sells, the buy wall at one profits because any new volume must now buy at the higher price. The arbitrage allows people to pull pure profit. If they see losses, the circulation stops and nobody new gets in to sell. If the volume increases the circulation increases and economy has been stimulated.


ADD THIS TO THE FACT that there is a market!! This market encourages spending! And with spending invigorates volume which allows for faster circulations of funds.


So its like an engine of money. The only thing that it responds to is volume but not price. The higher volume the faster the wheel moves. But this can be calculated by the sell and buy walls. We know when those walls get hit, that we should be decreasing or increasing supply. We also know when the walls get hit that we need to be increasing speed for volume.

Thus, price and volume is invigorated by economy alone, the money is backed and volatility gone.

u dunno shit about coding biatch 

"The Team" hasn't done $#!T in over 10 days   https://github.com/atcsecure/blocknet

This obtuseness is not working when coin's ico surpasses 3000 btc lol. 0.002 is so far beyond reality... and is only your silly personal metrics.


This seems to me quite fair. I suppose price will go even much lower.

oh wow dude really good arguments..i think u can kill all with ur awesome arguments...im crying now and leave crypto...mimimi

u know me?so just shut up..idc of my english..im no english guy so i guess u still understand me??why u reply my post?if u think im so stupid

ur nickname also say much of ur intelligence...but ya flame other guys about their english..well done dude!

buy more of this shit and get REKT!

after devs get there 3k btc funds bitcoin will crash to 300 $ minimum

so stupid ppl...they are buying a billion amount coin for 250-300 sat and there is nothing else than other alts...lol

let dev take ur btc and next

When ico finishes will bter allow free trading straight away?

They got paid upfront, good luck honestly trying to make them work faster. Not implying that I know their speed of work or difficulty, but I'm honestly against any form of ICO. It goes against everything what crypto is.

Imho the premined (and mineable) coins had still more incentives for the devs, because the quality of their works shaped the value of their payment.

Probably buying in if this goes as low as 8-10k, would be risk free.