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Looks like people are getting hot under the collar. I'll wait and see what Chris says now, no need to speculate any more on legal matters etc, before we hear his thoughts on the situation.
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Krushang: The options were offered to the blitz ex before stratis was announced. They declined. End of subject. Chris has no responsibility to look after blitz holders. No payment was made to Chris in anyway for developing 2 innovated products. Tve will be fully decentralised on the blitz blockchain which will be a side/private chain on the stratis main chain)
Please move this discussion to the related BCT thread.
Are you Krushang? Pathetic. I'm from London uk and Indian. khilone is from Europe. Give it a break. OK, just weird that Khilone7 quoted your post exactly, just added 'Krushang:' at the front of your post and posted it again himself. Looked weird that's all, did not mean to cause offence. |
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Krushang: The options were offered to the blitz ex before stratis was announced. They declined. End of subject. Chris has no responsibility to look after blitz holders. No payment was made to Chris in anyway for developing 2 innovated products. Tve will be fully decentralised on the blitz blockchain which will be a side/private chain on the stratis main chain)
Please move this discussion to the related BCT thread.
Are you Krushang? |
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Is Khilone7 the same person as Krushang? Since I started my previous post I see the author of the post I quoted upthread has changed ...
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The options were offered to the blitz ex before stratis was announced. They declined. End of subject. Chris has no responsibility to look after blitz holders. No payment was made to Chris in anyway for developing 2 innovated products. Tve will be fully decentralised on the blitz blockchain which will be a side/private chain on the stratis main chain)
Please move this discussion to the related BCT thread.
@Krushang, with all due respect, you have to confront the reality of what happened, even though it might predate your own involvement with Stratis, a vote occurred, and Chris appears to have agreed to this option: Option B:
We keep Blitzcoin as is. We make the new blockchain its own Bitalize project that pays a % to Blitz Rewards. This would mean the BAAS platform is isolated from Blitz. The new platform and blockchain will be developed in an open source manner. so some of the development could flow back into the Blitz Blockchain.
If Chris is backing away from this then let him say so himself and face the consequences. You guys have a legally incorporated company, and if Chris agreed to share profits with blitz holders then I can't see any way he can void that agreement, other than him denying that the project he outlined in his proposal to the Blitz executives became what we now know to be Stratis, and that seems like a very long bow to pull. You guys are operating in the legal space now, so be careful, you can't avoid this just because it's uncomfortable. You guys could easily end up in court, and the likelihood of that happening increases with your success. Eventually Stratis Group Ltd gets to a size where every Blitz holder, even small ones, have an incentive to get their lost 1/6 share of stratis. It's not your opinion that counts now, its what the law says that matters. Please take this seriously, what ongoing payments will need to be made to Blitz to make this situation stable? |
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Just hit the ignore button on the trolls guys.
You think it's a coincidence that he posts this at the time the Expo was running and he knows a lot of new people will come have a look at the thread?
Everyone would like theirselves some cheap Stratis. Some take desperate measures to reach their target. To me that is more unethical than what Chris did.
Couldn't agree more dev0tion! Couldn't disagree more actually, this info about blitz getting a revenue share from stratis and secret votes is news to me, and from what I can tell it looks credible, and very relevant. Blowing these guys off as mindless trolls trying to drop a few coins from weak hands is naive in the extreme. If you want to apply pressure and get answers from a guy who's evading scrutiny you don't squeeze his pinky finger, you grab him by the cock & balls when it's most uncomfortable and eyeball the fucker up close, make it hurt a little, let him know you mean business, like when he's at a convention glad handing contacts. I expect the stratis dev will respond to this guy asap, he's done good work, he's got their attention, and it's much more enteretaining than pages of mindless pump bullshit. I tend to agree, sometimes crude methods are more effective at getting information. There appears to be quite a few stratis investors unaware that the stratis dev made this offer to blitz executives, and that blitz is even related to stratis at all. I've looked at the original Blitz thread, and what Chris described in his proposal document to the stratis executives does look very similar to the Blitz blockchain delivery network, so I can see why some might have thought the new coin being voted on was just a re-branded Blitz with dilution, so voted against it. Stratis is much more than the Blitz BDN, so to say the vote happened without a clear understanding of what the choices were is kind of true. We need a response from Chris, particularly to clarify what ongoing payments stratis will be making to blitz, if any. We will soon be announcing our next project. A Blockchain-as-a-service cloud platform, that will provide simple one click provisioning of btc, eth, nxt, bts etc blockchain nodes like the other baas providers. The new platform will offer private chains for developers and businesses to develop and test applications on their own private blockchain with customized specifications. These private chains will be pegged to the platforms parent blockchain and will utilized merged POS mining with elected nodes mining blocks for the private chains. This will remove the requirement for mining, seed nodes etc, while allowing customers of the platform to scale up or scale out. The aim is to significantly reduce the time required for developers and businesses to develop, test and deploy Blockchain solutions.
This BAAS Solution will have its own Blockchain, the private blockchains will be side chains off the parent blockchain with a 2 way peg in place.
To raise funds for the development and marketing, and to allow killakem to work full time on the project, we will have an IPO. This presents us with 2 options for Blitz holders:
Option A:
The new blockchain would have 24 million coins. The existing 4 million Blitzcoin would be exchanged for the IPO token. Then the other 20 million coins would be sold during the IPO. All of the funds raised would go into the development of this new parent blockchain, platform development and marketing. This platform will require elected nodes to secure the side chains, Blitz execs will have the first choice for operating one of these nodes, if option a is selected.
Please note these are example figures and this new blockchain is likely to have a higher coin supply.
Option B:
We keep Blitzcoin as is. We make the new blockchain its own Bitalize project that pays a % to Blitz Rewards. This would mean the BAAS platform is isolated from Blitz. The new platform and blockchain will be developed in an open source manner. so some of the development could flow back into the Blitz Blockchain.
   https://bitcointalk.org/index.php?topic=848186.0 |
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Whether we like it or not, or whether it was public knowledge or not, it does look like there was an agreement made to pay some % of Stratis profits to Blitz, the issue is whether it would ever be legally enforceable. Stratis Group Ltd is a legal entity now, so this *might* be a problem down the track, depending on if the proposal document posted is authentic and would count as a form of contract. For a legal business this isn't just fud, we really need a person with some legal background to comment. https://www.endole.co.uk/company/10550333/stratis-group-ltd?page=overviewThe company only incorporated on Jan 7, so maybe the prior agreement isn't legally valid, but it looks like there was an understanding between the parties, some blitz execs and Chris. Need someone with contract law expertise to comment. disclosure: I own some Blitz and some Stratis |
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We need to confirm whether this proposal document is authentic asap, if it's genuine this guys revelations about a secret vote among blitz whales isn't exactly FUD anymore (although he did make some offensive accusations against Chris, so should apologise), so the details of any foundation agreement between Chris and Blitz investors needs to be made public IMO.
I agree, as making it public would silence those whining babies. I think there will always be 6-8 or was it 5 no 10 ppl nono 100 ppl in a slack thought!! I'm happy those 6-8 or 2... didn't get any special treatment and we all got a fair ICO with Chris's brilliant idea in the end. If the document is true there was an agreement to pay some % (of profits ... ?) from Stratis to Blitz, so that could be construed as special treatment Option B:
We keep Blitzcoin as is. We make the new blockchain its own Bitalize project that pays a % to Blitz Rewards. This would mean the BAAS platform is isolated from Blitz. The new platform and blockchain will be developed in an open source manner. so some of the development could flow back into the Blitz Blockchain.
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I have a copy of killakem's proposal document, for the sake of clarity I'll post it here. The choice for blitz executives was much clearer than you remember @Cryptosporidium, the ICO option which became stratis was outlined in some detail, so arguing that killakem tried to mislead the community about his plans for Stratis is complete BS. It was however restricted to just a handful of blitz whales knowing about it, and in retrospect that was a mistake. Every blitz investor should have known what was being planned, and had a chance to vote, but killakem did not conceal his intentions or trick any of the blitz whales. We will soon be announcing our next project. A Blockchain-as-a-service cloud platform, that will provide simple one click provisioning of btc, eth, nxt, bts etc blockchain nodes like the other baas providers. The new platform will offer private chains for developers and businesses to develop and test applications on their own private blockchain with customized specifications. These private chains will be pegged to the platforms parent blockchain and will utilized merged POS mining with elected nodes mining blocks for the private chains. This will remove the requirement for mining, seed nodes etc, while allowing customers of the platform to scale up or scale out. The aim is to significantly reduce the time required for developers and businesses to develop, test and deploy Blockchain solutions.
This BAAS Solution will have its own Blockchain, the private blockchains will be side chains off the parent blockchain with a 2 way peg in place.
To raise funds for the development and marketing, and to allow killakem to work full time on the project, we will have an IPO. This presents us with 2 options for Blitz holders:
Option A:
The new blockchain would have 24 million coins. The existing 4 million Blitzcoin would be exchanged for the IPO token. Then the other 20 million coins would be sold during the IPO. All of the funds raised would go into the development of this new parent blockchain, platform development and marketing. This platform will require elected nodes to secure the side chains, Blitz execs will have the first choice for operating one of these nodes, if option a is selected.
Please note these are example figures and this new blockchain is likely to have a higher coin supply.
Option B:
We keep Blitzcoin as is. We make the new blockchain its own Bitalize project that pays a % to Blitz Rewards. This would mean the BAAS platform is isolated from Blitz. The new platform and blockchain will be developed in an open source manner. so some of the development could flow back into the Blitz Blockchain.
So Stratis is Option B: What % of Stratis will be paid as Blitz rewards, What was agreed? First I've heard about any profit sharing agreement between Stratis & Blitz ... We need to confirm whether this proposal document is authentic asap, if it's genuine this guys revelations about a secret vote among blitz whales isn't exactly FUD anymore (although he did make some offensive accusations against Chris, so should apologise), so the details of any foundation agreement between Chris and Blitz investors needs to be made public IMO. |
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Can someone point me to the linking instructions? I'm using electrum
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I find it very weird that the ICO gathered so much interest, and now all of a sudden people don't want to buy BTCD at this extreme discount to get KMD? What's going on?
I've spoken to several people who will not buy BTCD specifically because they are unsure about the mechanics of the swap. Wasn't there supposed to have already been a snapshot? If so, BTCD bought now *won't* be swapable. Or is there going to be no snapshot and you'll have to transfer your BTCD somewhere to get KMD? People are uncertain. wow, this has to be the highlight BTT post for me in 2016, great to see you asking a question in this thread @JoelKatz, hope the answer you got provided the certainty you needed to buy a few BTCD! |
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We are starting another attempt, to get Alberto moving, i hoped he would stick to our proposal and refund all the remaining deposits. Sorry for the inconveniences, though we have one or two more channels to get him to listen, we are not in control of the system (if where, where, none of this would have happened) your coins are not in danger and we are trying hard, to push Alberto, to take action, we are having plenty of coins there too. So we are all in the same boat, wish us luck its unbelievable Matthias  . . Thanks for the update on Staisybit! Can you explain why you're confident our coins aren't in 'danger'? Why is Alberto not taking action, is he the staisybit owner? |
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Awesome, that'll boost adoption a lot! |
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How can I stop blocks from splitting when they stake? getting so many tiny blocks, would prefer they combined into larger blocks
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Hi guys,
Would there be any interest in an auction site that uses TEK?
as i have made one, started out as just an experiment but has turned out too good to toss to the side,
if there would be enough interest i would host it.
Something like this might save the coin.
one question is it normal for the wallet to round to 6 decimal places? its one issue i havn't got around.
donate TEK to help the project Bb82VWAn1QmE48Hpx4hp7S3BKD1er7V9Pr
Great idea, I will support! |
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This is an pretty impressive ammount you have there  Allow me the question, how will you ensure you can definitely get one node actively running? I understand there are 16 spots in each region. Everybody has one vote for each of the 4 regions. So for one region there could be the scenario, that you will be outvoted, especially with combined voting power of others. This assumtion is also valid for the other regions. Just curious how you can ensure this offer with 100% confidence... Cheers! Yes, I was not aware of this aspect of the election process (each KMD votes in each region). I had anticipated a node quota being 1/64 of 100M KMD, with this scheme a node quota will be 1/16 of KMD, which is 6.25% of the vote. Even with ~2.7% of the vote I am clearly well under half a quota now. I am considering whether to run now at all as I don't believe I would get elected now. My 'plan B' option of hiring a node operator myself to run a 'guaranteed' node looks to be dead in the water. Maybe 2-3 other individuals could combine votes with me into 6.25% of the total vote and then we run 4 guaranteed nodes, but that is more difficult. As I said above, I prefer a set-and-forget arrangement that gives me a nice income stream. Less is more for me if the arrangement is simple and easy to manage! Others have mentioned the likelihood of 'voting pools' starting eventually, similar to mining pools in PoW coins, and forging pools in NXT. I will wait and see what happens there. I am not too keen on the idea of just selling my vote to the highest bidder, but 2.69% of the vote does have some value. I do want to see viable and stable node operators emerge, but where there are elections and money involved, there will always be coalitions, horse-trading, & deals made to get people elected. I will wait and see what happens. I will say I have no complaint on the election scheme. I was not aware of this detail, but it makes sense why it was chosen. I don't think selling votes makes much sense until KMD price is A LOT higher, most nodes will make a small loss or small profit for a couple of years, even with the subsidy, so node runners wont have cash to buy votes. When KMD price is high it'll be a different story ... that's when things might get Funky with vote trading. How many KMD can a node mine in a month anyway? |
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I wonder if these elections might induce node 'parties' and coalitions to form with platforms and policies. Watching with interest!
I think it's likely that many small KMD holders will vote for the most reliable node operators using reputation for the good of the network in the first election, but history from PoW mining does show that pools naturally developed as a consequence of both difficulty and block reward in fiat rising. I can't think of any reason why this wont happen with KMD too unless it is specifically excluded in the voting system rules by jl777 and the other devs. NXT has forging pools so small investors can share forging revenues which helps the nxt network, Komodo will probably develop voting pools so small investors can share node rewards. bitcoin mining has centralised in china due to cost factors in electricity, this wont happen with komodo though as voting is based on stake, so there is no advantage from hardware or power costs. Voting pools would compete based on fees and service, and people can change their vote every election, so bad actors would not survive long |
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I suggest victims of opair scam make reports here - https://www.fbi.gov/tipsCrypto scams are 'sexy', so even minor scams like Opair are interesting to law enforcement now, and wasserman committed a number of traceable cyber crimes so he is a big enough target. The thing with law enforcement is they know they can't catch everyone committing a particular crime, but if they catch just a few and send them to jail (e.g. Ross Ulbricht) they can send a deterrent message which gets them brownie points with their superiors and the sheeple. Wasserman made plenty of rookie mistakes, so you can bet he left a trail cops with badges can follow easily. +1 People can (and will) run foul of the law for legal ICO's done in good faith ... for illegal scams people will serve time in prison. It won't matter what jurisdiction you're in either, the USA reserves the right to arrest and extradite anyone who sells 'illegal' ICO tokens to USA citizens regardless of the nationality of the ICO organiser. wasserman has a target on his back for the ICO, the theft, identity fraud on linkedin etc |
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Where can I buy some Quazar?
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Any news on the road map?
Everything is being worked on with some modifications (positive ones) daily. I'd rather show everyone, than talk about it. We're quiet because we're busy coding what we've promised. Thanks for being honest, hype free is better than bloated BS any day |
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