No, they are getting the money in installments over time from Moolah, so if they don't work hard they don't get paid.

IPO:

Development is taking forever. Too much going on that is delaying actual work.

What we will probably do, is have a pre-IPO "order commitment". Users will Bitcoin account histories and/or Github accounts and project contributors will be allowed to commit to IPO, up to percentage of the IPO. Participation will be capped at 5 BTC and the cap will go down as the pool gets depleted.

Then the people who have been following project for a while, will get a guaranteed commitment to IPO, without worrying about timing. Then rest of IPO pool will be released after launch.

After the IPO, the rest of the coins will be allocated as salary and bounty for contributors who are working on projects which increase the value of Skycoin. Most of the coins will probably be allocated for the mesh deployment as incentives.

How the IPO Will Work:

1 million coins (1%) will be sold for 50k in Bitcoin.

Reasons for the Structure of the IPO:

The reason a 50k IPO was chosen was because we have experience with previous coins. We know investors who buy up allotments of coin in the IPO, wait until the price goes up 30x and then DUMP the coin, completely destroying the equity of the other coin holders.  A coin going from a 1 million to 50 million dollar market cap, with 30% of the IPO investors dumping, needs between 5 and 15 million dollars capital inflow just to maintain the price. Skycoin is not a pump and dump and a smaller IPO reduces the impact of speculator dumping and improve price stability.

A majority of the Skycoin will be distributed to the user base within the first five years. We learned the mistakes of Ripple and will not repeat them.

We believe that distributing all the coins at once, hurts the users who came in later and are committed to a gradual, Bitcoin like distribution. Mastercoins and other coins that did a single large IPO, failed to create an incentive for users who came in after the IPO and there was no financial incentive for later users to adapt the coin.

UPDATE:

The registration app is compiling but not working on 64 bit OSX with golang 1.3.  We are getting a segfault in one of the dependency libraries. OSX might have a cache we are not clearing out.

The build engineer for OSX is on vacation until the 2nd. So IPO pre-registration will begin on the 4th and last two weeks.

fork again?

Dude, you are the one fudding according to your past comments in this thread.  Stop asking stupid questions to cause FUD.

Obv. a fud spam account as he logs off right after posting a shit comment.

@devs & Moolah

Considering the 48-hour mediation/arbitration...  you need to make arrangements for us investors that are NOT interested in a refund.

Best solution that could save the coin? After getting the escrowed funds place it all at 518 satoshi level. Really, anyone who wants to exit could exit and the rest will be left for the development.

Of course they are about to face a legal prosecution. But ppls would be able to widthraw their investment after this massive failure. ppl deserve to get it back. These devs dont deserve to be paid for this mayhem

+1

This is a key point.  After 4 months, 2 hours matter to them.

Gives you an idea how this project is being managed.

I don't know, that picture looks real.

CLOAK will recover and leave the previous ATH in the dust  

ONEmarket is gonna be a total game changer.

Has happened to me too, about two weeks ago, I was out, and I opened my mail from my mobile, and saw 3 mail of failed login, one on crypsty e 2 on mintpal.
Same IP, so I wrote to them to tell the fact.