So these scamming devs banned me from their discord for asking legitimate questions about their business model, and it's flaws. They have no intention of ever making a working product. Their "Demo" is just a squarespace template. They have no answers, no idea rather, as to how they will manage to maintain and pay for the bandwith that would be required to operate such high traffic with a 2-3% fee. They consistently compare themselves to Upwork, yet the dev admittedly was unfamiliar with fiverr, and can't explain why anyone would switch when, the cost of turning Stipend into Fiat is much more expensive, and time consuming than just paying fee's on fiverr.
This project is a complete scam, and never was originally intended to go beyond the MN auction. The devs "Grave" threatened to hire a hitman on someone for asking them a question about all their "updates" just being photshop mockups and no actual development. You guys have to be kidding with this useless shit coin.
Questions they can't answer.
1) How will Stipend afford the bandwith with only 2-3% fee's
2) How will Stipend afford to hire the amount of people it would take to maintain the network, customer support, fraud protection, interpreters for international markets, someone to rewrite all of their websites in foreign langauges, etc And then customer support in each of those languages.
3) Why are using a squarespace template as your "demo" and claiming it to be backed on Node.JS and AWS.
4) How can you ensure security of a built in hot wallet, when your income is only 2-3%. The bandwith alone will leave you cash negative in a few weeks.
5) Why are your devs threating people, and why couldn't out of 3 active devs none of you answer these questions or any other.
Why is there no mention of any of these points in your whitepaper, reason, you never thought of them. Because you never expected to proceed with the coin.
1. "How will Stipend afford the bandwith with only 2-3% fee's?": You don't seem to understand what a 2-3% fee consists of. You could just as well ask "how do exchanges stay profitable with only a 0.25% withdrawal fee?" We've put plenty of time figuring out the numbers and definitely stand by our business model, in spite of what you say. The fact remains that you have no idea what you're talking about and are primarily just trying to cause problems.
2. "How will Stipend afford to hire the amount of people it would take to maintain the network, customer support, fraud protection, interpreters for international markets, someone to rewrite all of their websites in foreign langauges, etc And then customer support in each of those languages.?": This is very similar to the first question. We've constantly been working with and bringing on developers to help us manage the network and the blockchain, and will definitely do so in regards to customer support as well. We won't have any problems in this regard. In regards to translation, there's absolutely no reason for us to "rewrite all their websites in foreign langauges," and I have no idea why you would expect us to.
3. "Why are using a squarespace template as your "demo" and claiming it to be backed on Node.JS and AWS.?": This is actually 100% bullshit. You have no idea what you're talking about. The demo is 100% not built off of SquareSpace, and I challenge you to link the template to prove otherwise.
4. "How can you ensure security of a built in hot wallet, when your income is only 2-3%. The bandwith alone will leave you cash negative in a few weeks?": Ensuring security won't be a problem. You seem to think that someone can improve security by solely throwing money at something. We all know what we are doing, and are confident that we'll be able to protect our customers' assets. Look at any mining pool, for example. Each has their own respective hot wallet connected to the network, and are easily able to keep it secure and active.
5. "Why are your devs threating people, and why couldn't out of 3 active devs none of you answer these questions or any other?": I saw the "threat," and it was 100% a joke that you're blowing out of proportion and using for your own selfish needs. I hope I have answered your questions to your satisfaction, and you can finally stop your whiny, inconsiderate crusade. Everything you mention is primarily untrue, and although I do apologize for the fact that on some level you feel attacked and maligned, to willfully and knowingly cause problems with a new coin trying to implement a use case is nothing but selfish and unfair, not just towards us but towards the community as a whole.
We've gone over this a million times. You were not banned for your questions. We're more than happy to respond, as we do to everyone in the Discord. We've tried to be transparent since day one, and are continually active and posting weekly updates, unlike the vast majority of teams out there.
Regards
The Stipend Team
