Saying that there are no coins in the first 100 blocks when there are actually 93% of the total coins in those blocks (first block?) is NOT a typo. It is intentional deception. Then continuing on from there and claiming to have a "Fair Launch" only deepens the obvious intentional deception. Putting 1,200,000/1,290,000 of the coins in your pocket right off the bat is NOT a "Fair Launch". It is the opposite of fair.
Edit to add: So you are saying that you have no intentions of even trying to verify that there are actually investors, and also have no intentions of even trying to prove that you and the rest of the "team" are not giving yourselves massive amounts of coins.
Ok let me just reiterate what we previously typed to you there Paul.
It was a typo, and will be rectified asap.
We will not continue to go back and forth on the matter of you trying to call us deceiving over a typo that is clearly identifiable as a mistake. Right above the typo it lists " Block 1 - 1,200,000 BST." I have given you a clear detailed explanation for your question already, what are we missing here?
"Putting 1,200,000/1,290,000 of the coins in your pocket right off the bat is NOT a "Fair Launch". It is the opposite of fair."
The section was written to represent block rewards Paul...This is clearly stated above the pack of numbers on the vector.
With the typo edit fixed it will read " Blocks 2-100 - 0 BST " ( As in blocks 2,3,4,5,6,7,8,9, etc to 100 will reward 0 BST ) That is our definition of a fair launch for miners. Its pretty simple so please let us know if you have any other questions on this matter, and we will be sure to clarify further if needed.
"Edit to add: So you are saying that you have no intentions of even trying to verify that there are actually investors, and also have no intentions of even trying to prove that you and the rest of the "team" are not giving yourselves massive amounts of coins. "
The answer to your question has already been answered. Allow me to re post it here for you.
The question you are asking above is one that has gone unanswered for the entire life of crypto currency crowdfunding. The only way that it is possible to achieve a morsel of success in doing what you asked above is to be as transparent as possible Paul. That means not only does the development team need to be transparent, but so does the investor themselves. There has to be investment rules in place that are catered to preventing such fraud like activity( fake accounts, shill account buying, etc ). One of the most important rules that's structured into this measure of preventing fraud like activity is : NO INVESTMENTS from NEWBIE accounts will be accepted. We will make sure that each investment received in Phase 1 and 2, is from a BitcoinTalk user that has sufficient history and is 100% comfortable with giving us a few sources of identifying contact information which will assist the BitStone team in determining weather or not the investment received is true and legitimate. Now with the Bittrex offering, we don't think there is anyway we can prevent others from whale buying, bot buying, waiting until the last min to buy, etc.
We understand there have been a few mishaps that have taken place in the crypto community, and completely see why the questions and concerns are surfacing from some people here in this thread.
We would like to invite any and everyone to come visit us here in Brentwood/Nashville, TN area.
How about we do this? The first 3 people to pay Dr. Keith Harville a visit and have lunch with him to go over the business plan will receive a free emerald, and a major discount on their first purchase inside the BitStone Store. The reason we propose this, is so respected people from the BitcoinTalk/Crypto community can come see what we have to offer and get a first hand look at the goods. With that being said, at the end of this meet and greet we will have hoped to earn your trust and respect. The only thing we would ask you folks to do is post a picture with doc and write a little blog here on this thread about your experience.
Let us know your thoughts on this.
-BitStoneDev
We can respect your response and will do everything in our power to earn that respect. That process in which we attempt to earn that respect will start now. Lets just be on the same page with trying to avoid the harmful tones, and ask your questions in a respectful manor.
The Response above was a broad response for everyone, not just you...but we have no problem addressing individual concerns one by one as we already have been.
"If that's the case why did you delete the post pointing that out?"
The reason your posts were deleted is because parts of your post broke the thread rules. I have explained the reasoning's for that above SuchMoon.
"And who is the other member of the team who created the OP and was referring to kilo17 in third person?"
Are we talking about this?
"Founding member Dr. Keith Harville, has actively been engaged within the FinTech (Financial Technology) community continually advocating the emergence of digital currencies. He has personally set aside over $1,000,000 USD in precious gems, and artwork as assets for the newly established digital currency BitStone (BST.) The multibillion dollar global precious gemstone market has historically been an aggressive economic ecosystem with wide appeal to the masses from the poor to the very rich due to product desirability for jewelry, collecting and investing. The rarity of precious gemstones have for centuries been collected by the wealthy due to their high concentration of value in a very small package making collecting, storing and the transport of vast wealth more practical than heavy and bulky gold and silver."
The above excerpt was a snippet from "The Founder" Section of the Whitepaper. We considered that more of an opening tone, and felt it fit best where it sits on the OP. The OP was constructed using multiple sources of content created for BitStone. This content was written by multiple members on the team. The Team Overview is outlined in the whitepaper, and we kindly ask that you read it. We hope you don't think we are being rude in that sense of asking you to read it.
"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?"
As we have mentioned in the above post, we have no problem answering your on-topic questions Such Moon. Post that were deemed harmful and broke the rules were deleted. We will answer anything you have on your mind, but like - we said ask that the way in which those questions be phrased in a respectful manor. We hope that's not asking to much.
We look forward to answering more your questions, and hope our answers to your recent quesitons mentioned above have eased your concerns.
-BitStoneDev
I feel that you are still avoiding straight answers to simple questions. Let's try again.
"If that's the case why did you delete the post pointing that out?"
The reason your posts were deleted is because parts of your post broke the thread rules. I have explained the reasoning's for that above SuchMoon.
Which specific rules did my post break? Which parts of that post broke the rules?
"And who is the other member of the team who created the OP and was referring to kilo17 in third person?"
Are we talking about this?
I was talking about the bolded parts in my post, which you deleted. See how that makes the discussion awkward?
Specifically, BitStoneDev poster was referring to Dr. Harville as "he". So who was posting from BitStoneDev account in those instances?
This content was written by multiple members on the team. The Team Overview is outlined in the whitepaper, and we kindly ask that you read it. We hope you don't think we are being rude in that sense of asking you to read it.
I did. There are only two members of the team mentioned. I can post it here if you forgot:
So you're saying MasterTrader777 was the one referring to Dr. Harville as "he" in the early part of this thread? Are you MasterTrader777? Are you Dr. Harville?
If there are more members in the team you should disclose that. You should also disclose the identity of MasterTrader777 if you're all about transparency.Edit - I think this guy might be MasterTrader777. The whitepaper doesn't quite make it clear though.
Rich Territo
Founder of ToshiDesk & Lead Developer of Bitstone & Mastertradercoin
Rich Territo Crypto Enthusiast/Developer changing the way people view
Crypto by developing the essential tools needed to strengthen the
marketplace.
As we have mentioned in the above post, we have no problem answering your on-topic questions Such Moon. Post that were deemed harmful and broke the rules were deleted.
You are claiming to own $1m worth of gems without any proof apart from pictures of a few appraisals and you are offering to sell them to strangers on the internet with a hefty markup. I think that alone deserves some healthy skepticism. Add a self-moderated thread to the mix and this is smelling really really bad. I hope I didn't break any rules by stating an obvious fact.
"Which specific rules did my post break? Which parts of that post broke the rules?"
The tone wasn't acceptable and Dr.K, deleted it. No further explanation is required at this point. We have gone over the reasoning and wish that you will begin to take heed of our previous explanation given and go about asking your questions in a pleasant manner, or they will be removed.
"Edit - I think this guy might be MasterTrader777. The whitepaper doesn't quite make it clear though."
This account is being used by all members of the team, and the Team Overview is something you obviously didn't have the chance to read? You are simply looking on Page 2 of the whitepaper. If you will, please go ahead and read the whitepaper in full, and you will become aware of the current members of the BitStone Team.
"I was talking about the bolded parts in my post, which you deleted. See how that makes the discussion awkward?"
Like we mentioned your dialect has been more negative so far, and the way in which you were posting in this thread was NOT acceptable, so yes those post where deleted. Sorry about any inconvenience that may have caused.
"Specifically, BitStoneDev poster was referring to Dr. Harville as "he". So who was posting from BitStoneDev account in those instances?"
The BitStoneDev account was being used by MasterTrader777 at that time.
"You are claiming to own $1m worth of gems without any proof apart from pictures of a few appraisals and you are offering to sell them to strangers on the internet with a hefty markup. I think that alone deserves some healthy skepticism. Add a self-moderated thread to the mix and this is smelling really really bad. I hope I didn't break any rules by stating an obvious fact."
How about you come see everything we have in inventory? We are inviting you and the ball is in your court SuchMoon.
You have said : "and you are offering to sell them to strangers on the internet with a hefty markup"
We will ask, yet again that you do your research before making accusations such as the one mentioned above.
Dr. K (kilo17) has mentioned multiple times that he will be selling his stone supply lower than market value and will abide by that statement.
Thanks for you questions,
-BitStoneDev
