We see you guys have some questions, and we are here to answer them.
We have no problem answering your questions but from here on out can we please make the way in which you ask them a bit more polite?
Nevertheless, thanks for asking them, and please read our response to your concerns below.
About the Coin Spec Page Vector,
simple typo that needs to be changed from "0" to "2". We don't think you can deny that we have been completely open about the 1.2M being set for the funding rounds. With "Fair Launch" listed in the vector, this signifies that it will be fair for all miners to get their hashing power locked in to take part in the POW phase before blocks start to reward.
As you can read in the CoinSpecs Vector the rewards are as followed:
(34) actual Bitstone per block between blocks - (101-750)
(8.5) actual Bitstone per block between blocks - (751-1,440)
(1.5) actual Bitstone per block between blocks - (1,441-43,200)
The 1.2M on block one will be split up into (3) wallets, and these (3) wallets will be publicly available for audit. Address
WILL be posted here on the thread and those (3) wallet address will account for (3) purposes.
Wallet 1: This wallet will hold
200K BST. This 200K BST will be set aside for The Invitational (Phase 1 Funding Round) * This is listed on the Coin Specs Vector Page as "Private Investor Round" - We have listened to the community and made the change to not make it private and opened this round up to the public that wish to invest 3 BTC or more. (This edit will also be made) This phase will also be incentivized for investors with the BitStone Organization giving away a diamond appraised at over $2000 USD! This prize will be delivered to winner before Phase 2 begins. The winner has the option of using the appraiser we work with or can pick out any Jewelry Store in the Franklin or Brentwood TN area to have the diamond appraised prior to it being mailed out, and appraisal paperwork will be included in the package. Each 3 BTC invested into Phase 1 funding round will earn a digital raffle ticket, and winner will be announced publicly here in this forum thread, and on BitStone Website.
The ABOVE WALLET ADDRESS WILL BE PUBLIC.
Wallet 2: This wallet will hold
300K BST. This 300K BST will be set aside for The BitcoinTalk General Public Offering (Phase 2 Funding Round) Snip from the OP : BitStone Developers will launch the next phase of BST distribution on BitcoinTalk Forum. This Public Coin offering will provide the general public the first chance of owning a share of 300,000 BitStone. This coin offering will span over the period of (7) calendar days. The minimum investment amount that will be accepted by the BST Developers in this round will be 1 BTC. BitStone Developers are adding an amazing incentive to invest, and for the first time your crypto investment will almost pay for itself! Each Bitcoin invested will earn the investor an Emerald valued at over $170 USD, shipped overnight to the address of your choice!
This offering will pack in another incentive to invest. Snip for the OP : The BitStone Team will also host a raffle for chance to acquire a one of a kind - $10,000 USD appraised Picasso Print! This Picasso will come with all appraisal documentation and certifying paperwork and is available for review upon request. Currently this Picasso would sell at auction for bit more than the appraised value. During this offering investors will be able to purchase raffle tickets for the cost of .1BTC each for a chance to win the Picasso Print. More details about this raffle in the OP.
The ABOVE WALLET ADDRESS WILL BE PUBLIC.
Wallet 3: This wallet will account for the last
700K BST out of the whole 1.2M mined on block 1. This final phase will account for the 700,000 BitStone in Wallet 3; to be hosted on the popular trading exchange Bittrex! This Coin Offering on the Bittrex Exchange will last a period of (14) calendar days, and a minimum of 50 BTC must be raised for the Bittrex offering to be considered a success. During this final phase raffle ticket purchases for the Picasso Painting will be open to the general public for a donation of (.2 BTC) *per raffle ticket*. Lastly, the coin price for this final phase will be calculated after Phase 2 offering has ended, and will be set at a 200% markup based on Phase 2 valuation...This provides more of an incentive for investors to get in the earlier phased offerings, strengthening the value of BitStone!
The ABOVE WALLET ADDRESS WILL BE PUBLIC.
Wallet 1
(200K) BST + Wallet 2
(300K) BST + Wallet 3
(700K) BST =
1.2 M BST -
Which will all be publicly available for AUDIT.The other
90K BST in Coin Supply is what we anticipate being minded during the
POW Phase.To clear it all up for you guys, that would make
1.2M BitStone in
(3) Pubically Available Wallets *
Discribed above * + The
POW Phase coins 90K = a supply of
1,290,000 BitStone We see some other questions about why we deleted some post made here in this thread We can answer those questions. First off, if you 2 were to kindly ready the OP your questions about why we deleted some of your post, would be answered. Some of them can stay, and we don't wish to censor anyone with questions, but sometimes they can be malicious and cause harm. We have a lot of money at stake here...so we don't like to see that on the thread. Sorry if any of the post we have deleted has caused any inconvenience, but we hope you understand the reasoning behind the removal of those post.
*Zero Tolerance for user insults, profanity or FUD in BST Thread*
*BitStone Organization or staff will NEVER post download links for BST platforms, wallets, etc in thread post - If you see one posted it's likely malicious and should not be clicked or downloaded! *[/center]
BitStone_Dev is an account that several of the team use to Admin this thread - I have not posted with it until today because there was no need. Unfortunately the only account that can delete your FUD is the OP.
If that's the case why did you delete the post pointing that out?
And who is the other member of the team who created the OP and was referring to kilo17 in third person?
I'd like to start asking on-topic questions about your coin but it looks like you'd rather delete posts than answer anything that you don't like. Why is that?
Looks like you are simply talking about the BitStoneDev account, trying to push the fact that there is more than one person with the login credentials. This is simply because Dr. K wanted to have the logins just in case attempts to attack the thread appeared. He is entitled to the rights of this account, just is much as anyone else on the team. Dr. K is doing more than any other developer has ever done for this sort of offering and deserves some respect here guys.
Time to let things run its course is obviously what is needed here in this situation. Time will not only show the community this project is legitimate, but also that we are dedicated to opening up another sales vessel into the Altcoin-Gemstone Marketplace. The community members that have previously posted in this thread have asked questions in a polite manner, and we have gone above and beyond to ensure they have all been answered.
Some community members wanted proof here and there about certain things, and we satisfied the concerns of these community members with professionalism in mind. Our point here is the way in which these community members asked those questions...they asked them with respect and received the same respect in return from the BitStone Team.
Why is it so hard to be respectful and ask your questions politely? We are open to your questions, but please keep them in a respectful manor or they will considered a malicious/harmful and WILL be deleted.
Do we make ourselves clear here?
-BitStoneDev
