because BTS is clear scam, i mean look at the price how it's going down for years, developer dumped and was dumping his instamine coins on people then abandoned ship left the project, and started to be a fudder...now he is fudding $dao just out of jealousy. take a look on his last coin sar/steem as well, which has huge instamine as well.
people got rekt buying BTS, Look at this guy who lost 960 btc from it! :
https://twitter.com/DanDarkPill/status/661956507462971392Based on this, we would have to dub everything 'very suspecious' that is related to Bitcoin as well.
I cannot speak to 'clear scam' assertions, as this is far beyond the scope of this announcement thread. However, someone losing 960 btc doing margin trading on Polonex is hardly evidence of something being scam. It's only evidence of someone making bad trading decisions, assuming a trollbox comment can be considered even evidence of anything for that matter.
Issues with the lead developer from Bitshares in a particular perspective regarding what has transpired with him and his team in the past are certainly nothing new. I disagree with it, but that is irrelevant here.
Reading the whitepaper, it's seen that we are utilizing the same blockchain engine that Bitshares uses to build Peerplays. Regardless of perspectives on the founders of Bitshares, what is clear is the proven performance of this engine that has been used in real world application in the Bitshares Decentralized Exchange.
Looking at our team, it's clear that we are not part of the team that created Bitshares. They are quite busy with STEEM. Anyone can read our whitepaper there if they like. (
https://steemit.com/peerplays/@peerplays/peerplays-whitepaper)
So based on this cursory assessment of Peerplays, the 'very suspecious' assertions seem to be misplaced.
This does raise an interesting topic however which we are continually challenged with. The Peerplays network is very unique from any kind of 'coin' offering made in the past, which makes it a bit of a challenge for people who look at this and fit it into the same old box they have been fitting crypto into for years now.
The profit sharing mechanism of the Peerplays network (see the section titled 'Profit Sharing' in the whitepaper for details) means that a Peerplays core network token holder is not going to hold value in only the core token, but every transaction taking place on the network will be proportionally distributed to them as well as a profit share.
This means with every wager made, every jackpot won, every game played, if the players decide to play with ETH, Peerplays core network token holders are getting a share of that ETH. If they choose to play with BTC, same deal. On a typical day, the Peerplays core network token holder could see BTC, ETH, DOGE, LTC, DASH, bitUSD, bitCNY, bitEUR, and perhaps even some others filling up in their wallets.
Most importantly, this is all controlled by Smart Contracts on the blockchain, which guarantees every transaction occurs according to those rules. Being a decentralized autonomous coop (DAC) it will be completely up to the holders of the Peerplays core network token to decide as to how much of this fee share will go to the holders. We assert a majority of it will, while the remaining will go towards the progress of the DAC along with jackpot prizes. Again this is all outlined in our whitepaper.
The point is however, this new dynamic makes assessing the value of the Peerplays core network token very different from the typical coin launch/marketcap/speculation. Sure it has those things.. but.. In this instance you have profit share also, which regardless of market cap or speculation will mean profit sharing generating a higher balance of essentially the most popular crypto currencies available that will largely determined by demand in a $50 billion a year industry of online wagering and tournaments.
Anyhow, I think this is something that we struggle with because it's new and innovative, and not everyone takes the time to actually review everything we present and detail.
I really appreciate when concerns regarding something else gives us an opportunity to bring further clarity to a topic.
