I'm gonna wait and see what happens, I wasn't privy to the blitz exec discussions, and I don't know what was said, but I do know from reading the blitz general slack channel that there was a vote, and a decision was reached, and Chris himself acknowledges that in the general slack of blitz last year. I have complete faith in Chris, and if he decides it's best to alter the 'deal', whatever that was, so as not to disadvantage Stratis only investors (as opposed to guys like me invested in both), I'll be fine with that. I am 100% confident Chris has the best interests of everyone involved at heart, and I think now that everyone knows the situation (and some obviously didn't before), the best course of action is to allow Chris time to consider things, and come up with a roadmap for blitz and stratis that keeps everyone on the same team, and happy.
+1 As the guy who raised the blitz grievance a couple of days ago, I can say I completely agree with @boomboom, there's no way Stratis investors can be forced to take a 16% haircut without the whole stratis::blitz ecosystem collapsing into a black hole. The solution is not to enforce the terms of the original agreement that was made in march 2016, in crypto time that's an age ago, and I don't think anyone expected Stratis to do so well, so quickly, so it would be unfair for blitz investors to try and claim anything like 16% of stratis profits. But the solution shouldn't be to pretend blitz investors aren't entitled to anything either, there was an agreement, that is a fact. I got pissed off coz it looked like blitz had been abandoned, no updates, no news, no responses, just tumble weed - that wasn't cool, and we're talking 8-10 months of nothing, so to say blitz investors had been left out in the cold is no exaggeration. If blitz is still being developed, and it's firmly attached to the Stratis mothership great, but it doesn't look that way. I know blitz is still relevant to the viral exchange, but how is TVE attached to stratis, how does blitz share in growth of stratis? |
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Too much noise in here ...
Can someone point me to windows forging instructions, please?
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Decentralisation is the key ingredient for crypto, and I actually agree that a patronage funding mode for experimental work is in some ways better than an investment based one. Both are still based on an exchange taking place, but with patronage both parties remain free to widen their definition of success to include much more than ROI, whereas with investments both parties are locked in to expectations of financial return only, so true creativity is stifled. You can clearly see this in art, modern music labels and film studios tend to be investment based, and results suffer, a guy investing 10M USD in a movie these days will go for a bog standard high budget super hero bl8ckbuster because it's almost certain to make a profit, but the end product is usually not great art that stretches the boundaries, whereas a good explanation for the quality of Renaissance art is the funding was heavily biased towards patronage. For crypto I think we're seeing the results of 2 years of the investment model at work, and there's been a load of crappy ico's launched that have the cutting edge qualities of Spiderman 5, or Iron Man 6, so while many might make a return, they're not likely to crack the big problems, like how to scale networks without waste using incentive structures that maintain true decentralisation.
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Stratis is getting some attention, so it's a good time to try and pressure the blitz::stratis dev team into doing the right thing. Embarrassing people with the truth can sometimes get results, there's no FUD here, blitz has been abandoned, if not point me to some updates in the last six months ... you can't, coz there hasn't been any, if there was someone would have posted it, wouldn't they!
Shame and embarrassment from casting light on the truth isn't fud, but it's what happens when you ignore people, and betray their trust. What other way to proceed do you suggest, beg? Stratis investors can still make a good return from unethical devs, but maybe some will feel uncomfortable, through nothing more than rational self interest at how they may be treated themselves in the future.
What specific promise was made to you? Please don't be vague. Thank you Chris aka killakem was the lead dev of Blitz, and if you owned 30k blitz you were entitled to designation as an executive with access to a restricted slack channel. In the first half of 2016 he was active in blitz slack, the roadmap include the TVE fitalise, and earlier the Block Delivery Network. I bought 30k blitz with the promise that that would allow me to run a BDN node and earn revenues from providing the BDN service. You can see what was planned in the original blitz thread which is locked now. In june2016 chris/killakem made posts in the executive lounge of the blitz slack outlining a proposal. Unfortunately those messages are gone now with the 10k slack limit for messages. He posted a document in the executive lounge that had two options, and he asked for opinions from the +30k blitz holders. The proposition was this, from memory - chris was committed to blitz as his crypto project, but he was only able to work part time. He proposed starting a new coin with a higher coin cap, letting existing blitz holders swap over to the new coin, with the excess coins being sold in an ico to fund chris so he could work full time on blitz. So what was presented was the same project, blitz, but with two options 1 -no coin cap increase, no dilution, chris works part time, same blitz roadmap, basically no change 2- new coin with increased coins, blitz swap 1:1, excess coins sold, chris working full time, BUT same blitz roadmap I argued for option 2-, but most just saw dilution and voted for 1- My complaint is this, what chris presented in the blitz executive lounge mentioned nothing about starting a new project stratis, the choice was between part-time chris with no dilution of blitz, or full-time chris with dilution of blitz so coins could be sold in an ico to fund chris. My accusation is Chris did not make it clear that there was a third option, which is what happened - Chris would have an ico anyway for stratis, stopall work on blitz original roadmap, and blitz bag holders would get nothing. He asked for a 'vote', but didn't stick by the outcome. If the blitz executives knew of option 3, they obviously would have voted for the dilution of blitz, as that would have included the swap. I believe Chris presented his two options knowing people would vote with self interest for no dilution, so he could have the stratis ico without a fair swap for blitz holders. I think he played everyone, and he knew he was going to start stratis, and he wanted a way to avoid doing what jl777 has had to do with btcd swap for komodo. I was provably a supporter of Chris and blitz, as I bought 30k blitz and followed the blitz slack daily. I assure you since the stratis ico all activity related to blitz is 100% off the radar. I can find no updates of what is going on, but stratis is obviously Chris' new project, but in june 2016 he was saying blitz was still his main focus, part-time or full-time. I believe he lied, and everything he's done since backs that up. 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.
Thank you @kjadB, people can now make up their own mind. That's basically the details of what I remembered, to understand the situation those with no prior knowledge of Blitz need to realize that the first paragraph describing the new project is basically describing the original Blitz Blockchain Delivery Network BDN, so the new project that became stratis wasn't new at all, it's really an extension of the original blitz roadmap. To verify that check the original Blitz OP which is now locked, I posted a link yesterday. I know Chris didn't start Blitz, but trying to claim he was just a freelance dev is disingenuous. Chirs took over Blitz, same as jl777 took over btcd. Anyone involved with blitz in 2015 knew Chris was in charge. Anyway, I've said enough. Having read the proposal again I can see my personal criticism of Chris might be too harsh, so I apologise for calling you a scum bag, but I do think the blitz bag holders got a raw deal. You should have done what jl777 did with btcd and komodo, just organise the swap and make it compulsory, the secretive vote for just a handful of whales was unfair, especially when the new project you outlined appeared to be just a repackaged version of the blitz BDN, but reading the proposal today I think you didn't conceal everything as I first thought yesterday. |
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Who here is aware that the blitz community supposedly declined a swap into Stratis? This is the story just revealed on the stratis thread. FYI: Lets get this straight, Blitz is not his project. He worked on blitz as freelance developer. During that time he developed 2 projects. http://theviralexchange.com (4000 user per month) and http://www.fitalize.com. Before Stratis was announced the blitz community were given a choice whether the they were interested in a swap which they declined. Blitz will be the first currency on the stratis sidechain which will replace viral points on the TVE platform. Just quoting in case it gets deleted. First public acknowledgement that blitz holders were offered a swap. Truth is a select group of 6-10 guys in a restricted slack were tricked into agreeing to something blitz holders with under 30k coins probably had no knowledge of before today. I wonder if they'll be upset when they realise what went down. My reference to the 6-10 guys in the restricted slack is the so called 'executive lounge' for investors with +30k blitz |
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You FUDsters are fucking sick, and you spread FUD, now is 8300 sat, your fucking willing is done, it is dumped by you fucking retarded.  You will cry when the price goes up again. FUCK YOU RETARDS!!!!!!!!!!! Why don't some people understand that there is market dynamics, the price must move up and down and then find it floor. When the price was moving up, I don't see you crying foul If that guy was not posting those negative here, definitely the price would not hit 8200 sat. His fud made some people panic sold. It's not FUD, it's what happened, and ask yourself this, if I was following chris when he was active on blitz, and I owned a +40k bag of blitz out of a total coin cap of 4M (I.e I was a big supporter), how many stratis do you think I got in the ICO? My stratis bags are full, I only finally came to the conclusion about what happened in dec last year, up until then I was concerned but I still held out some hope that Chris would do the right thing by blitz investors, especially the so called executives who had big bags in the hope of running a BDN node. I don't trade, so ups and downs mean nothing to me, and I went all in during the ico, so from a purely self interested stand point I want stratis to succeed, but I don't trust chris anymore, and I think he lied to avoid an ethical but costly blitz swap. To me he's dishonest and ruthless, but so was steve jobs, and I don't doubt he might make stratis a success, but imo he's an unethical scum bag, like steve jobs was. I guess I saw those pics of him today and realised that's what a ruthless asshole in business looks like, same as steve jobs. I never fell for the hero worship of that guy, he was a selfish prick, and treated people like dirt. When I saw Chris' face I saw the same attitude, so yeah, some can kiss his ass and talk 'moon' and cheer for stratis profits, but I see something different. FYI: Lets get this straight, Blitz is not his project. He worked on blitz as freelance developer. During that time he developed 2 projects. http://theviralexchange.com (4000 user per month) and http://www.fitalize.com. Before Stratis was announced the blitz community were given a choice whether the they were interested in a swap which they declined. Blitz will be the first currency on the stratis sidechain which will replace viral points on the TVE platform. Just quoting in case it gets deleted. First public acknowledgement that blitz holders were offered a swap. Truth is a select group of 6-10 guys in a restricted slack were tricked into agreeing to something blitz holders with under 30k coins probably had no knowledge of before today. I wonder if they'll be upset when they realise what went down. |
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I said enough, had my say, so no more on this from me on this issue. If one of the other 6-10 old blitz executive slack members want to chime in with their recollections, either way, go for it!
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@CryptoSporidium Just read through your anecdote. To summarize it: - Everything you claim is only evidenced by a non-existent Slack archive
- Investors had a chance to vote on future of Blitz, So where is and how was this vote tallied?
- You say you had 30,000 Blitz, which in June/July 2016 was worth 0.9 - 1.65BTC; You didn't sell your stack? What was your original investment, and did you have ROI, or are you still holding?
- Why haven't any other Blitz investors brought this up (if it's true)? Can you find others to support your claims?
Otherwise, your rant today was an enjoyable bathroom reader. Hope you can produce some evidence. Or if you still want to pursue this, why don't you have the chutzpah and take it to slack in the #alt_coin thread, and call Chris out instead of being on BCT where you KNOW Chris does not post responses to here. Also interesting why you chose the time of the expo to do your crying dance  Let's see if other blitz 'executive-lounge' people respond with any recollections, it's hard to deny blitz has been abandoned, or at the very least moth balled with zero communication for 8 months. I bet you 10 bitcoins chris wont deny my account that he proposed the two options as I outlined, then ignored the result of the vote and went with an undisclosed third option, I.e stratis ico with no apparent ongoing connection to blitz Edit:you guys have to understand that the blitz executive lounge was restricted, so maybe 8-10 guys at most posting. Chris posted a word doc with his two options for the future of blitz and asked for opinions. As the two options were about blitz future, one with dilution and an ico, the other no dilution and no ico there wasn't a vote as such with a tally, more over 24 hours a bunch of responses anti dilution (as you would expect), and then Chris was able to declare almost unanimous support for no dilution of blitz with ico and coin swap ... then within a couple of weeks this stratis ico thread appeared How much you lose? only 40k, you cry like a baby? And don't forget jl777's coin are all dead, even his supernet price is 20% of ICO price, do those holders cry like you? No, I'm not crying like a baby, just explaining the back story of stratis for the record. If stratis succeeds, good for me as an investor, but it doesn't change the facts. |
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@CryptoSporidium Just read through your anecdote. To summarize it: - Everything you claim is only evidenced by a non-existent Slack archive
- Investors had a chance to vote on future of Blitz, So where is and how was this vote tallied?
- You say you had 30,000 Blitz, which in June/July 2016 was worth 0.9 - 1.65BTC; You didn't sell your stack? What was your original investment, and did you have ROI, or are you still holding?
- Why haven't any other Blitz investors brought this up (if it's true)? Can you find others to support your claims?
Otherwise, your rant today was an enjoyable bathroom reader. Hope you can produce some evidence. Or if you still want to pursue this, why don't you have the chutzpah and take it to slack in the #alt_coin thread, and call Chris out instead of being on BCT where you KNOW Chris does not post responses to here. Also interesting why you chose the time of the expo to do your crying dance Let's see if other blitz 'executive-lounge' people respond with any recollections, it's hard to deny blitz has been abandoned, or at the very least moth balled with zero communication for 8 months. I bet you 10 bitcoins chris wont deny my account that he proposed the two options as I outlined, then ignored the result of the vote and went with an undisclosed third option, I.e stratis ico with no apparent ongoing connection to blitz Edit:you guys have to understand that the blitz executive lounge was restricted, so maybe 8-10 guys at most posting. Chris posted a word doc with his two options for the future of blitz and asked for opinions. As the two options were about blitz future, one with dilution and an ico, the other no dilution and no ico there wasn't a vote as such with a tally, more over 24 hours a bunch of responses anti dilution (as you would expect), and then Chris was able to declare almost unanimous support for option with no dilution of blitz, no ico, and no coin swap ... then within a couple of weeks this stratis ico thread appeared |
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You FUDsters are fucking sick, and you spread FUD, now is 8300 sat, your fucking willing is done, it is dumped by you fucking retarded. You will cry when the price goes up again. FUCK YOU RETARDS!!!!!!!!!!! Why don't some people understand that there is market dynamics, the price must move up and down and then find it floor. When the price was moving up, I don't see you crying foul If that guy was not posting those negative here, definitely the price would not hit 8200 sat. His fud made some people panic sold. It's not FUD, it's what happened, and ask yourself this, if I was following chris when he was active on blitz, and I owned a +40k bag of blitz out of a total coin cap of 4M (I.e I was a big supporter), how many stratis do you think I got in the ICO? My stratis bags are full, I only finally came to the conclusion about what happened in dec last year, up until then I was concerned but I still held out some hope that Chris would do the right thing by blitz investors, especially the so called executives who had big bags in the hope of running a BDN node. I don't trade, so ups and downs mean nothing to me, and I went all in during the ico, so from a purely self interested stand point I want stratis to succeed, but I don't trust chris anymore, and I think he lied to avoid an ethical but costly blitz swap. To me he's dishonest and ruthless, but so was steve jobs, and I don't doubt he might make stratis a success, but imo he's an unethical scum bag, like steve jobs was. I guess I saw those pics of him today and realised that's what a ruthless asshole in business looks like, same as steve jobs. I never fell for the hero worship of that guy, he was a selfish prick, and treated people like dirt. When I saw Chris' face I saw the same attitude, so yeah, some can kiss his ass and talk 'moon' and cheer for stratis profits, but I see something different. |
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Kim.com delays launch of Bitcache, cites strong competition from vTorrent.
What are you smokin' bro? If that was true then why not rebrand to Ktorrent and do a joint venture I was thinking of inviting Kim.com onboard the train. He might get his $12m funding if he bought some vtr and helped the price to above $200m. I just googled and see bitcache funding deal is off, wow ... I thought you were joking, if Kim's plans for megaupload 2.0 are back on the drawing table, then this really could be a moment to approach him with an offer of some kind. Sheesh, a joint venture with kim dotcom, or any form of collaboration at all is more than just a regular game changer for vtr, it'd be a paradigm shift. How best to open a dialogue with him, what could we offer him? |
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I recommend people ignore that person who can't move on, remember the past and cry when the price is good now, nothing will block stratis to be successful, losers deserve to be crying, and you are off-topic.
Now you said jl777? Jl777 had more than 10 projects, did you swap all his abandoned coins to kmd? No, only btcd. And he completed all the roadmap of previous 10 more projects.
Yes, jl777 is organising swaps for all his NXT based assets and his SuperNET tokens, so no, it's not only btcd, but about 10 or so assets. There is some confusion over who is responsible for one asset, CryptoCard, which was a joint asset between jl777 and Sasha from Coinomat/waves, so I'm still unsure if jl777 takes responsibility for that, or will he push that onto Saha and Waves to make good, but other than that, jl777 has taken across to komodo all his investors in every one of his many projects since 2014. He regularly communicates with his community, despite how busy he is, so there's no comparison at all between chris and jl777. |
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Kim.com delays launch of Bitcache, cites strong competition from vTorrent.
What are you smokin' bro? If that was true then why not rebrand to Ktorrent and do a joint venture |
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Now that you have extra time, I guess you guys will get your ICO afterall lol .....TVE comment from a newb was priceless too.....nicely done!! Looks like I have some research to do  What do you mean? How is stratis connected with BLITZ? Hi GetVisaCoin, Chris and Stephan have been part of the Blitz dev team for sometime, working in their spare time around work commitments. During this time Chris designed and developed The Viral Exchange and Fitalize, Stephan has been solely working on The Viral Exchange. They are both still involved with Blitz, which has a very active team and innovative tech. Blitz is one of those coins that has great tech and a solid team, but its not surrounded with hype. I cannot share any further details at this time, but Blitz will play a role in the Stratis Platform. Their platforms are great tools for driving adoption as we have seen with The Viral Exchange already. More details will be released on this partnership soon. FYI This information is included in the Bios on the team section. Regards Krushang I went back through the early posts here. I believe the post from @Clovis A indicates he was aware of the discussion in the blitz executive lounge, as he connects chris having more time in relation to funds raised from an ico. Maybe he can share his recollection of what was said, he does seem to indicate surprise that an ico was going ahead, which does support what I'm saying, I.e that Chris proposed two options for blitz , 1 status quo but he continues working part-time in crypto, and, 2 dilute blitz,have an ico, use funds to support Chris working full-time on blitz - and no third option of a new separate coin with ico was ever mentioned, Chris was still going to focus his attentions on blitz. Clovis' post shows surprise at the stratis ico, as was I, given that he asked for a vote, and went ahead with a third undisclosed option that was never voted on, but at the time I didn't have a real problem either, as I thought blitz was still going to be supported. It's only in the intervening 8 months that I realised Chris wanted to abandon blitz, have an ico for a new coin, and avoid any further dealings with blitz. If I'm wrong and there is ongoing development for blitz, and/or there'll be a purpose for it in the stratis roadmap, cool, I'll gladly praise those efforts, but to date what I've seen suggests Chris tricked the blitz holders so he could avoid a btcd::komodo styled swap. It was a smart move on his part, but unethical. |
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I'm sorry but you are all making it too complicated and convoluted, how will you attract non-technical users and 'normal' people? @jl777 complaining that you didn't raise enough? with 2600BTC+ = $2,300,000,-
Most coin project are able to release all sorts for less than that and then you talk about easy install wallets? Thats a given that you should be able to download a wallet for KMD that just installs and just works. There shouldn't be any need for any step by step instructions.
My understanding is most of the ico bitcoins are funding the delayed PoW tx fees, and subsidising notary nodes. If you look at the details of what is planned, the bitcoins raised will fund things on the smell of the proverbial oily rag, just. Do some more home work. |
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Swap may be a good choice, but let him concentrate on Stratis platform. But before ICO, there was no swap, I think no swap will happen in the future.
On what basis should there be a swap? Why would a swap be good? There are always two sides to any story, and unfortunately we don't have any hard evidence of what happened. Were things promised or just proposed? Are peoples memories accurate if all we have is memories? I don't know the answers. Crypto is one of the most speculative things you could possibly gamble on. I have lost plenty on different coins which are no longer active. Can old slack logs be made accessible again? If so, the evidence is in the blitz executive lounge from june 2016. no dickhead, and you know full well. join the slack, attention seeking assholes all welcome Chris posted his two options in a word doc from memory, maybe someone has a copy, if so it would show my account is true - the original proposition never included Chris starting a new coin separate from blitz without an option for a swap. Stratis should be to blitz what komodo is to btcd, but jl777 is basically an honest dev trying to do right by all his supporters, but Chris appears to be unethical, and tricked blitz holders into voting themselves out of a stratis swap.That doesn't mean stratis wont be a good investment, but some people value ethical considerations as well as profits. |
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Swap may be a good choice, but let him concentrate on Stratis platform. But before ICO, there was no swap, I think no swap will happen in the future.
On what basis should there be a swap? Why would a swap be good? There are always two sides to any story, and unfortunately we don't have any hard evidence of what happened. Were things promised or just proposed? Are peoples memories accurate if all we have is memories? I don't know the answers. Crypto is one of the most speculative things you could possibly gamble on. I have lost plenty on different coins which are no longer active. Can old slack logs be made accessible again? If so, the evidence is in the blitz executive lounge from june 2016. |
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Chris never told you he abandoned the project, why FUD here? And Stratis is his current devotion, why he can't have one more project?
No FUD, just an account of what happened to blitz. If Chris is working on blitz, great, but after 8 months I see absolutely no evidence of that. He should have been up front, said he was doing a new coin, and offered a swap like jl777 has done with btcd and komodo. The whole executive lounge vote was a ruse, so blitz holders could get shafted. I'm sure there are a few other blitz 30k holders who can verify what I'm saying, but only a few. I guess most bought enough stratis not to speak up. |
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Stratis is getting some attention, so it's a good time to try and pressure the blitz::stratis dev team into doing the right thing. Embarrassing people with the truth can sometimes get results, there's no FUD here, blitz has been abandoned, if not point me to some updates in the last six months ... you can't, coz there hasn't been any, if there was someone would have posted it, wouldn't they!
Shame and embarrassment from casting light on the truth isn't fud, but it's what happens when you ignore people, and betray their trust. What other way to proceed do you suggest, beg? Stratis investors can still make a good return from unethical devs, but maybe some will feel uncomfortable, through nothing more than rational self interest at how they may be treated themselves in the future.
What specific promise was made to you? Please don't be vague. Thank you Chris aka killakem was the lead dev of Blitz, and if you owned 30k blitz you were entitled to designation as an executive with access to a restricted slack channel. In the first half of 2016 he was active in blitz slack, the roadmap include the TVE fitalise, and earlier the Block Delivery Network. I bought 30k blitz with the promise that that would allow me to run a BDN node and earn revenues from providing the BDN service. You can see what was planned in the original blitz thread which is locked now. In june2016 chris/killakem made posts in the executive lounge of the blitz slack outlining a proposal. Unfortunately those messages are gone now with the 10k slack limit for messages. He posted a document in the executive lounge that had two options, and he asked for opinions from the +30k blitz holders. The proposition was this, from memory - chris was committed to blitz as his crypto project, but he was only able to work part time. He proposed starting a new coin with a higher coin cap, letting existing blitz holders swap over to the new coin, with the excess coins being sold in an ico to fund chris so he could work full time on blitz. So what was presented was the same project, blitz, but with two options 1 -no coin cap increase, no dilution, chris works part time, same blitz roadmap, basically no change 2- new coin with increased coins, blitz swap 1:1, excess coins sold, chris working full time, BUT same blitz roadmap I argued for option 2-, but most just saw dilution and voted for 1- My complaint is this, what chris presented in the blitz executive lounge mentioned nothing about starting a new project stratis, the choice was between part-time chris with no dilution of blitz, or full-time chris with dilution of blitz so coins could be sold in an ico to fund chris. My accusation is Chris did not make it clear that there was a third option, which is what happened - Chris would have an ico anyway for stratis, stopall work on blitz original roadmap, and blitz bag holders would get nothing. He asked for a 'vote', but didn't stick by the outcome. If the blitz executives knew of option 3, they obviously would have voted for the dilution of blitz, as that would have included the swap. I believe Chris presented his two options knowing people would vote with self interest for no dilution, so he could have the stratis ico without a fair swap for blitz holders. I think he played everyone, and he knew he was going to start stratis, and he wanted a way to avoid doing what jl777 has had to do with btcd swap for komodo. I was provably a supporter of Chris and blitz, as I bought 30k blitz and followed the blitz slack daily. I assure you since the stratis ico all activity related to blitz is 100% off the radar. I can find no updates of what is going on, but stratis is obviously Chris' new project, but in june 2016 he was saying blitz was still his main focus, part-time or full-time. I believe he lied, and everything he's done since backs that up. |
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we will run a house LP node to provide the critical KMD/BTC liquidity, another use of ICO funds. unfortunately we didnt raise enough to be able to provide liquidity across the board, but the KMD/BTC pair is critical and needs to be liquid.
Good news, thanks jl777! The liquidity issue is a chicken::egg problem, so a big house LP node providing good liquidity can be the egg that brings in the first wave of trading chickens, great! I'm feeling better now, did not know about the house LP node. |
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