.... warning... we interrupt your normal programming tonight to inform you of breaking news on the bitcointalk forums .... this is not a test....
A few smart Bitcointalk users have discovered that in most cases people do not work for free so that other random strangers over the internet can profit from their work. Furthermore, they have also discovered that people whom are smart enough to develop their own cryptocurrency with bleeding edge features from scratch are not cheap to hire. This is certainly a ground breaking discovery and we will keep you posted on the details of this discovery as it develops.
..... We now return you to the normally scheduled programming for this hour titled "puppets and shills who are too scared to post under their real usernames that certainly have no ulterior motives" ......
This just in........................ They already took MILLIONS of dollars from users and promised to deliver a product for those Users. Remember, they were the ones that cut off BTS investment to begin with on Feb 28th 2014. They were the ones who stopped collecting AGS. They did that because they collected a shit ton of BTC and PTS that would more than cover what they were trying to do. This was most likely during a time when they weren't particularly intending on scamming. Once they saw the money, cha-ching, they spent it flying across the country and to the Caribbean and realized they needed wanted more. The only way to do this was to pivot the project in unnecessary directions stagnating development, alienating the old original users, and sucking in noobs with dreams of the BTC lottery windfall from November 2013. There is a reason that every 6 months they changed the project in ways that would benefit them and hurt the investors. And everytime they promised the sky and delivered half a turd. "Now if that's a fact, tell me, am I lying?" |
|
|
|
https://github.com/cryptonomex/graphene/issues/452Bitshares devs are now asking for $45,000 to implement stealth transfers. They are now holding the new chain hostage by refusing to actually finish the product without getting paid. I hate to say it, but I told you this would happen. Every few months they are pivoting the project in someway to put mor money in their pockets. The killed an unfinished BTSX to create BTS 1.0. They killed an unfinished BTS 1.0 to create BTS 2.0. They are now refusing to finish 2.0 without compensation. Let's not forget all the compensation they received so far and all the accumulated shares they have. With all their shares, they should have enough incentive to finish the product. Perhaps this is a testament to how they actually feel about their own project and the future viability.
|
|
|
|
|
With 11 days until the release of BTS 2.0 on the new self proclaimed ramped up and improved Graphene blockchain, Bitshares 2.0 has imploded on itself by way of a black swan event (the first ever reported event to happen on a blockchain).While it was just a testnet, 11 days until the release doesn't leave much time to fix and test the problem again in real time with clear confidence that said problem won't happen again.
|
|
|
|
oh, another newmine special. what did they do to you this time on bitsharestalk?
Nothing new. This thread is a few months old. My prediction came true, so I felt like rubbing it in. |
|
|
|
Brownie pointsFrom Wikipedia, the free encyclopedia Brownie points in modern usage are a hypothetical social currency, which can be acquired by doing good deeds or earning favor in the eyes of another, often one's superior. Newmine currently owes the BitShares system 1.21 gigaBROWNIE.PTS since her supply immediately went negative on launch. Never seen anything like it.  I am gonna go ahead and default on that debt. Does that mean we can shut down this dumb idea forever?
I have a feeling you guys are going to try and use those as some internal claim of a fair sharedrop to all those who continued to kick the Bitshares can down the road and those who got their proverbial knees the dirtiest for team I3. Good luck with that in the future. I called it. Bitshares is now share dropping their other projects to this crap coin that was created and distributed at the whim of Dan the Dev. It also looks as if Dan actually holds 30% of these coins, he is able to destroy coins from individual users at will, and he is also allowed to dilute the coins at will. As far as I can tell, only 100 users received this coin and near 10%-20% of their partners coins will be flowing to those users. This means Dan the Dev/ Bytemaster will own anywhere from 3-6% of these new distributions. |
|
|
|
Profits are nice, but decentralisation is essential.
Or at least as little centralisation as possible: Erik V makes a good point that coercive centralisation (when users are given no choice) is a very bad thing, but that market based centralisation (because users choose the best service/platform) is almost unavoidable.
Well said. I have been following Bitshares since it started and every three or four months they keep taking a step towards centralization. The last change they made/are making is licensing the actual code so the Developers can sell it to competitors and charge Bitshares holders for upgrades and third party plugins and on/off ramps. They have admitted all this and the Koolaid drinkers accept it, claiming it's better than someone taking the code and doing something better with it. Well if it's better, then it is deserving. I used to be a fanboy and still hold a few shares, but man they went the opposite direction from when they sold to the investors back in November 2013. I just wrote a post on their forum about their departure from a decentralized blockchain to a single point of failure in Cryptonomex, the company they created to own the code license. Here is the path they took all in the name of profit. Apparently I am the only one screaming about the central control everyone is bought into. Some over there are even saying decentralization is over rated and will only alienate the crypto community which they say they don't need. Bitshares was to be POW with a 10% premine sold to early investors and 10% to protoshares miners. They decided to change to POS and sell 50% to investors and drop the other 50% on Protoshares. It was also established that they would take protoshares as a payment from investors thus giving them a free premine so to speak. Since every PTS would be worth 100's of BTS. They then decided they should merge the multiple chains they were going to create so no other chain would do it and render the multi Bitshares chains weak on their own. They also decided to buy out PTS holders who were still mining and who donated for other chains that had been killed off for the merger. They decided to expand the supply by giving 100BTS for every PTS out there. Guess who owned 25% of the PTS at this point? Then they decided to change from a deflationary model where BTS was getting destroyed, to an inflationary model creating more supply so the Developers could profit off the chain. In essence getting paid by the chain and BTS holders. They have 30 or so people sucking 4227 BTS per day each and only about 4 full time developers. The rest are large stake holders using the stake voting system to profit off the chain without having to buy any mining equipment. The rest are just liars and scammers selling snake oil and promising delivery dates on wallets and exchanges that come and go and nobody actually uses. All this is repeatedly justified by profits. The only problem with profits is it's been hurting the average BTS holder who has no say because the 100 delegates have amassed huge control. They have justified one entity to control the Bitshares code. A single point of failure and greed, and they still consider the project decentralized. Sorry for the rant. Go to bitsharestalk, see for yourself the mental gymnastics. |
|
|
|
Brownie pointsFrom Wikipedia, the free encyclopedia Brownie points in modern usage are a hypothetical social currency, which can be acquired by doing good deeds or earning favor in the eyes of another, often one's superior. Newmine currently owes the BitShares system 1.21 gigaBROWNIE.PTS since her supply immediately went negative on launch. Never seen anything like it. I am gonna go ahead and default on that debt. Does that mean we can shut down this dumb idea forever? I have a feeling you guys are going to try and use those as some internal claim of a fair sharedrop to all those who continued to kick the Bitshares can down the road and those who got their proverbial knees the dirtiest for team I3. Good luck with that in the future. |
|
|
|
This is completely [Serious] not /s. Link: https://bitsharestalk.org/index.php/topic,17354.0.htmlBitshares has launched a new token they are handing out to anyone who kisses their ass. It has zero worth and they are basing it on the proverbial brown nose token. From the urban dictionary: Brownie Points are Points amassed through doing things you don't want to do with your wife/girlfriend that can be used to purchase anal sex. |
|
|
|
Ethereum was the biggest altcoin scam EVER.
Bitshares may have not been as large of an initial scam, but they keep pivoting their scam and are right up there at this point. |
|
|
|
This was obvious to everyone involved.
You act like you have discovered some epic conspiracy.
We returned the PTS because our internationally known accounting firm, Grant Thornton, wisely recommended that it would benefit both the givers and getters for us to do so.
Consult your own tax advisors if you need it explained like you are five.
Dude, you are such a slime. This was very "obvious" to everyone at the time you returned the PTS. The point of this dumb conversation was because I pointed out the fact that last year people gave you 416,000 PTS to develop Bitshares. Your response was:
1. Invictus ran out of donated BTC at the end of last year. All PTS was returned on advice of our accountants.
clearly implying you had altruistically returned a PTS that was worth something. The fact is you received a shit ton of BTC, 5660 to be exact. You received a shit ton of PTS when they had a BTS value (yes, a Bitshares value) of ~$7.00 each. You guys still have the BTS that made the PTS valuable but you got rid of the PTS. You guys have repeatedly, approximately every six months, asked for more money and now you are finding a way to ride off into the sunset by stealing Bitshares code we paid you to create free and open source, renaming it and licensing it when you should have been finishing the product in which you raised funds for originally. This was never part of the plan. It was originated when your last money grab, the time you guys decided to dilute shareholders by sucking 4277 BTS per day per Dev, failed because the price dropped 80%. So here we are back on track to the problem at hand. You were working on Graphene (Bitshares Toolkit renamed) while people were anticipating and expecting a Bitshares 1.0 that had been promised since March 2014. People were losing money because you guys wouldn't fix the problems that arose from Bytemaster's idiotic collateral rules. TonyK was pretty persistent in letting you guys know about that problem too and you ignored it to work on a slightly revamped code based of the original Bitshares so you can license it and make more money. You guys have illegally collected money and sold shares in what is now a for-profit company using a smokescreen of crypto coins and dummy corps. SEC complaints are coming. |
|
|
|
Are you retarded? They gave it back after they share dropped the BTS on themselves rendering the PTS worthless at the time they returned it. Stop selling lies or get your facts straight. Oh my Gawd! How dare the value PTS change overtime. It was suppose to remain the exact same like all other cryptos do! No PTS value can and always did change. Are you retarded? Track the conversation. Stan and Dan returned the PTS when it was worthless because PTS value was based on how many BTS you could get from one PTS. They returned them AFTER the snapshot date and all the BTS went to THEIR PRIVATEKEYS. PTS subsequently had very little value, only speculative that someone might sharedrop some unknown project to PTS. |
|
|
|
They gave it back after they share dropped the BTS on themselves rendering the PTS worthless at the time they returned it. Stop selling lies or get your facts straight.
Of course PTS lost value after the BTS sharedrop because PTS holders were no longer guaranteed shares in BTS silly. That's not a difficult concept to understand. When you buy tickets to an event, you don't complain afterwards that you cannot sell them for face value (what you paid for them), do you? You are one of the dumbest people I have come across. You can't track a conversation if your life depended on it. The proper use of your terrible analogy would be: You/me and everyone else bought concert tickets. We gave them to Stan so he could exchange for money and build us Bitshares. The band that was headlining the concert said tickets were for, gave vouchers for future show to anyone holding concert tickets after you gave them to Stan. Stan claimed said vouchers. The concert has come and gone and now Stan returns your ticket but kept the voucher for future shows. Do you get it? Stan and friends kept all the worth of PTS, which happened to be the BTS. If they gave us the BTS that was couple with the PTS, theirs and your claims would be valid. But that did not happen. How about we dumb it down. Your wife (that's a stretch) buys you a coffee in exchange for a back massage. You drink the coffee and give her back the empty coffee cup. You then claim that you are giving her a massage for free out of the goodness of your heart because you gave back the empty coffee cup. Get it? I'm going to bet not. |
|
|
|
Your silence speaks volume.
Yes it does. You're just not getting the message. No, I get the message. You are a liar. |
|
|
|
Are you retarded? They gave it back after they share dropped the BTS on themselves rendering the PTS worthless at the time they returned it. Stop selling lies or get your facts straight. |
|
|
|
"He has no honor."
No comment on your lies? Your silence speaks volume. |
|
|
|
Heh, yeah.
The whole team has been operating at below minimum wage all year trying to make something they can sell to earn a living.
Very greedy indeed.
While you are digging up old inner city spray paint, here's the rest of them, lovingly preserved in the BitShares Loves Puppies thread. Buried among all the nasty FUD are some real jewels - serious answers produced back when we weren't sure whether this forum took its trolls and other vandals seriously or not. Stan I had no idea the minimum wage in Virginia was $56,000 per year (based on the BTS you have received over the last 6 months not including what you have forgot to conveniently disclose regarding the 67 million BTS you still control). I wanted to provide some transparency on our year end bonuses:
Toast, Nathan, Valentine, Vikram, Stan, and James Caffe, Dan N. (all of whom have 100% pay delegates) have received 3M BTS severance / bonus from Invictus
Ben (Drltc) and Agent86 have received 1M BTS severance / bonus (also have 100% pay delegates)
This ends I3's responsibility to continue funding these individuals whom are now free agents working to support the BitShares ecosystem. I trust each of these individuals to continue contributing to BitShares because they believe in the cause and to get their delegate pay. Each of these individuals also has a large vesting balance that will mature over the next 2 years which should keep them loyal to the project as a whole.
As you know delegate pay is not sufficient to cover their salaries in the coming year. This bonus is an incentive to get the value of BTS up to both maximize the value of their bonus and to ensure they can continue to earn what they need from delegate pay.
Any profits earned by Invictus are taxed at 35%. For efficiency sake we needed to pay everyone in 2014 with at least 65% efficiency.
This means that a large number of BTS that I use to vote with are now distributed among the core developers.
There remains about 67 M BTS that is being held in reserve to cover 2015 expenses I3 may face including any taxes, accounting, legal, fees, or fines we may face in the year(s) ahead. At todays market cap that represents about $1 million held in reserve. Some of those funds are ear-marked for marketing performance-based bonuses. The funds will also be used to provide free office space anyone who wants to come to blacksburg to work on BitShares.
Overall we raised about $3.6 million in AGS donations and now that these bonuses have been paid we have spent $3.6 million in 2014. We had a large capital-loss on our BTC holdings and an offsetting capital gain on our BTS holdings. Of the money we spent, 10% went to China, 10% went to US Marketing (conferences, videos, website, travel), 7% on FMV. Our largest expense category was developer salaries and grants including ~$100K for Toast and ~$100K for HackFisher as well as salaries for over a dozen different developers.
Early next year I will have Stan prepare a breakdown on what categories the $3.6 million in AGS donations were spent on as a final report.
In 2015 we hope to raise the bar in both efficiency, productivity, and transparency.
Anything said in this post are rough estimates from memory and are not official statements. The numbers may be completely wrong.
Just a reminder: the AGS donations had NO STRINGS ATTACHED. I did my best with the funds to further my own objectives of securing life, liberty, and property for all. If you are unhappy with how we managed the money I am sorry, I suggest you focus on how the government is wasting far more than I did. I am a mere software engineer with a grand vision who was learning a lot as I went.
Happy New Years Everyone!
Did you forget that on December 31, you each received 3 million BTS, worth $21,000 today and whole lot more back then. Plus you have received 916,000 BTS since, which is equal to $7000 at today's price. Let's not forget about that 67 million BTS you are using to pay yourselves for 2015. Yes, 2015. That is this year and 67 million BTS is equal to $469,000 at today's prices. Oh, and I rounded these numbers down immensely. You can lie all you want but I will continue to call you out for those lies. Nice try. |
|
|
|
Stan,
No dark clouds of conspiracy here. I am just pointing out that every major change as of late is only to the benefit of the I3 Teams wallets.
An oldie, but a goodie. |
|
|
|
blah blah blah...
nonsense
blah blah blah...
more nonsense
Dear Newmine, if you believe that the devs should work for free then you should probably go all in in coins like AuroraCoin, SpainCoin, GreeceCoin, SaveThePlanetCoin, SaveTheChildrenCoin etc... you have a list of more than 580 to choose from, good luck with that! On another point, I would like to inform you that sometimes in my spare time and mostly on weekends I like to play football(soccer), also I know lots of people that do the same, on the other hand there are some guys that also play football on a professional level and they are actually geting paid for it! can you believe this! SHAME ON THEM!!! Please go and buy/invest in coins where their devs code in their free time on weekends, I will stick with the full time professionals. Would it please you to see graphene being used by ripple? (yes, I'm talking about those coinmarketcap cheaters) I think not. (You don't work for ripple, do you?) Graphene is not a toy, it's a nuke, delivering it to the bankers is stupid, please tell me that your mission is not to make us surrender our best weapon to the enemy. I'm sorry to tell you this but our donation funds were not unlimited, we got so far with them and the last months we could barely afford bug fixing, now the devs found a better way to keep us going but this made you unhappy, I wonder why....(bad timing I guess? you had just sold at 8m marketcap? lol) As for your example with Ford, it's as stupid as it can get, software development takes time, money, and patience https://youtu.be/sBMmbHw8Ha4?t=29s but all you care about is waves, lots of waves, up and downs in price so you can profit from trading, obviously every crypto-trader's moto is "I will either find a way wave, or make one". If by any chance you are not a trader I can think only of one alternative scenario... You're reaching. There is a reason so many longtime fanboys have changed their opinions of the project and quite a few who have left. The only people left pumping this gold nugget that has been turned to shit repeatedly is you,the juvenile with a couple K in BTS waiting on a lotto ticket scenario, the people who spent their life savings buying more shares than they should with the same lotto hopes, and then the people cashing in on BTS daily as a delegate who does nothing. The Devs shouldn't work for free. They actually should have a real job and do this shit in their free time as a hobby with potential to make them retire with their huge accumulated stake. Did you ever ask yourself or the Devs, how they were able to create Graphene, the superior Chain while at the same time working on Bitshares 1.0? I mean the Devs were working full time for Bitshares, but they created something better in their spare time. Something hey couldn't do for Bitshares, work on it and make it great like the supposed Graphene? Cryptonomex used Bitshares funding to create their proprietary software to skirt securities laws to gather funds. I am suspect that this was their plan for a long time now. There was no way anyone would've funded them and gave them the amount if money they got from AGS at the time to create a crypto project. Hey came up with the crowd funding idea and figured they would dissolve I3 and make a new Corp to retain all the IP AGS funds paid for. I have been talking to another guy who was burned who has connections and we will expose these fraudsters for who they are and everything will remain in the public domain. |
|
|
|
|
Show Posts
