After the stealth ICO raising only 500BTC (mostly to insiders and themselves)
ICO was not stealth at all. That's a fact.
Please take time to go back read the justification of calling it stealth in the context of the other large icos of the time.
Then take more time to justify your claim it was not stealth in comparison to other icos of the time.
Then take further time to explain why it raised 20x less than other icos of the time.
Then take further time to explain why in polls conducted directly after most said they never knew about it.
Then take further time to explain why all those that obviously knew about it then wanted to buy it for 30x more days after it concluded.
Then take further time to explain cfbs reaction to lots of sock puppets accounts being used.
Then take further time explain why it was regarded as a scam by a huge proportion of people in a poll directly after the ico finished.
Then take further time to explain why it was spammed on the main board in a huge way directly after the ico ended but was not mentioned before on the main board.
Then I can take your claims of facts more seriously.
The fact you may have stumbled into it or that you may be a sock puppet or maybe an insider does not mean it was not under advertised compared to all other large icos of that time. You may of course be one person that just found it and invested who cans say. this is not important regarding the observable events I have mentioned.
You need to judge an ico next to other icos of that time. That is your context and that is why it was stealth like in comparison.
There is no it was not hyped, there is no we didn't want too much dev funding, there is no we didnt want to waste tokens on bounties for advertising. It was always the plan to have a narrow distribution as with nxt his first such scheme.
If you think the MC must crash you are perhaps wrong too if they want it to stay at 1bn for an extended time or go up it can. That is beauty of holding the vast majority of the tokens and being able to manipulate the market. A slow sell off to those buying a few here and there at 2000x ico for months or years is fine for them. There is no hurry to extract your btc this was a good plan and executed well.
That is not to say there is not possible great tech here. But having it released like that as a pure self enrichment vehicle is not good.
I don't know why people are trying to defend the ico, it was as close to a nxt2 as they could go without looking 100% pure scam. This is just leveraged greatly in their favour. To say pure scam is perhaps over reaching but certainly one of the least fair projects here.
There are many worse but still icos need to be widely advertised, open ended and have some form of pow if possible to ensure minimal manipulation and market making.
By all means defend your investment but don't tell me it was not stealth like and instantly hiked to 30x days after it was over and the hyping started on the main board and the same faces pumping then are pumping now.
Well planned, well executed self enriching scheme with perhaps some useful tech behind it that remains to be tested and seen.
End of story.
Next.
