I will guarantee to everyone here that the
ENTIRE development team at C-bit does not hold more than
around 10 % of the entire current float of 13 Million coins. The public holds around 90 % of the current
float. We were caught by surprise at the speed of coins / blocks in the beginning of the launch. We had
theorized the difficulty would increase at a much faster pace than it did, although it did increase rather
rapidly to 17 million. The individual or individuals who got the large amount of coins were simply lucky
that they saw the launch announcement ads and reacted when they did. It was a simple luck of fate and
being in the right place, with the right over-powering mining equipment, at the right moment in history.
We had prepared a launch suitable for multiple smaller mining equipment users. A launch spread out
over the network. More or less, we expected a quiet opening. What we got was small miners interrupted
by an over-powering nuclear detonation. We didn't see that one coming.
As a side note to this thought. I do not know if the individuals who gained the large amount of coins
knew what they were doing was calculated or by accident. I don't know if they were surprised by the
results as much as we were, or not. Doesn't matter. Only they know for sure. However,
I do know that
they are VERY wealthy men at this point. I would ask, if they are reading this, to donate some of that
new found wealth back to the C-bit community by donating to the C-bit Development Fund. It can be
found on the C-bit website at
www.btc-bit.com . ( It's under one of the menu tabs ).
Think of it as an
investment in the future of C-bit and an investment in the future of the valuation of all of the coins you
own. If we continue to develop C-bit, your coins are worth more, and the more you are worth. These
funds will help defray some of the massive costs that we incur to run this network and improve the coin.
You can clearly afford to donate a small portion and still buy 200 yachts, 100 homes, 500 cars, 2 tons
of gold, etc. Just a thought. I am not making a value judgement, and I hold no grudge. More power to
you, and I hope you spread the word and help the coin grow.This project was a long and complicated venture, and we could not see everything. We were just as
surprised and startled as everyone else. Sorry about that. But, things have settled down now, and the
current number of coins is still just a small fraction of the overall number of coins in the total picture.
The coins are now being mined at a reasonable rate.
This process is expensive, time consuming, and far more complicated than one can imagine. Please
give us time to grow. We will do what we can as we can. It has been a project in development since the
Fall of 2015.Spread the word about C-bit. Remember what C-bit is. C-bit IS Bitcoin Core. But, it has the 2 Meg Blocks
already built into the source code, without the need for a hard fork, like Bitcoin. It is completely compatible
with Bitcoin Core in every way and is updated with Bitcoin every time Bitcoin releases an update. There is
no longer any need to have the argument with Bitcoin Classic over the block size. Bitcoin Core can remain
decentralized. C-bit's price should eventually trade at 10 % of Bitcoins' price.
Thanks for having faith in us, and welcome to the adventure of a lifetime.
William Martens
Founder C-bit
lol dude. Maybe you will create more trust if you use your real account if you want to prove that you are serious and legit. You have nothing to hide right?
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