Nice to see the ICO, it's a project I've been following for a while and have admired your persistence.
Sorry about so many negative points (there's a lot more positive ones, like the b2b strategy but I didn't really have questions about them).
Good luck with everything!
Ryan
Ryan, always good to hear from you; I know your commentary below is to protect the broader public, so it's appreciated. We've mentioned this before, but all collectively admired what you've done with Bustabit.
BTW will you be attending the IGB conference in Amsterdam on the 12th of July? Luke, and some other Monster Byte principals will be there for certain; would be great to meet in person.
Answers below;
A - Previous names you saw were an attempt to deter Doxing; but that train has left the building.
B - In no way are we trying to portray something dishonest; the P&L, ICO and whitepaper all have a disclaimer showing the sportsbook metrics assume the no-risk model which we are about to deploy. As you've been a follower for a while, you have a clear view of our historic sportsbook challenges, I also mention it within
this thread for reference.
We are very certain our odds were correct, you can trust that we've micromanaged the book since 2014 and have 'canceled/refunded' any wager which was at an incorrect odd (it's happened less than a dozen times in 4 years). Last, our whitepaper shows actual volume numbers in both casino and sportsbook.
C - Exponential growth based on new earned operating income, and expenditure. You elude to this in (d), but we currently spend an incredibly low amount in marketing and product enhancements. This changes post-ICO with us hiring people to promote our brand on this (and other) forums, paid marketing efforts in traditional outlets as well as organic search. Further, we will spend considerable amounts in redesigning BitcoinRush and PeerBet with a professional firm (we've shared working examples in the OP, and whitepaper). Last, we anticipate the use of cryptocurrencies for online gambling will increase YoY, this is a leading factor in the growth we anticipate.
D - It's a mixed equity stake/salary based model; salaries are no doubt drastically lower than the norm in 2017 and part of 2018, but sacrifices have to be made short-term, and everyone involved will benefit from the equity model as it relates to dividends.
E - Technically speaking we are debt-free; principals have put up additional capital in 2016 to keep things moving, but this is not considered debt as it was part of equity swap deals.
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