Spamming? What are you talking about?
You keep forgetting that Bay team has $1.2 million and that's more than enough to hire people with skills who can help Bay in achieving what it's meant to achieve.
By "spamming" I mean the sending of unsolicited marketing messages using a "contact list" as opposed to having established specific working agreements with said party.
$1.2 million may sound like a lot of money to you and yes - it can pay a few salaries for a year - but it's a drop in the ocean in broader terms and will quickly disappear if the business plan doesn't deliver the next $1.2 million fairly readily.
The reason I made that post is that if you're going to name drop a $6.5 Billion capitalised entity as being an "associate" of the project I think it's only fair to qualify whether the nature of that association is co-operative or unilateral. i.e. is Bitbay team just going to "lobby" these types of companies in the hope that they become interested in the offering or is there a pre-existing relationship with already open doors, albeit with conditional locks.
I realize that we're not buying shares in a company here, so "suck it and see" rules apply. All the same, you're still putting real money into that will be paid to real people it and if it *was* a regular type startup operation you can bet your bottom dollar that no VC would touch it with a bargepole without those kind of little teases being ripped out of the promotional detail, turned inside out and upside down so as to discover their exact nature and whether the use of that name is justified in attracting investment.
http://www.youtube.com/watch?v=tauI0GdKcTcPlease read this:
Actually, the idea that money buys good devs is totally INCORRECT. There was in fact an article on Coindesk explaining this...
http://www.coindesk.com/bridging-talent-gap-bitcoin-industry/That article describes how insanely hard it is to find good devs! So really you can have as much money as you want. Also, the whole "1 million dollar" thing isnt as simple as you make it to be. There was many people involved in the funding process, there is money that gets set aside to develop and money saved for the buy wall for hedging, money set aside for long term a million can be burned through very fast if you don't budget correctly. Its not that much money nowadays however its great seed money and will bring attention to Halo, Bay and Black/Nighttrader.
You dont just get money and "play for broke". And lets say we did have a "superdev". He would still need to be trained in Bitcoin. Currently, the people who know how to dev correctly in Bitcoin are in very short supply. It seems like there is Vitalik, Peter Todd, some of the Bitcoin core devs, myself, Autonopolous, maybe a few hundred very expensive cryptographers, rat4, and the maybe guys like the new Peercoin team and Shadowcoin.
Most of these devs have jobs and most of them are in their own coin or project or are hiding in the shadows and are clearly unreachable.
AND then you have to consider if they are slow or fast or they are padding their hours.
Then, if you have a dev team you still need a good project manager. And the new devs need to be trained and that can take months. So really, I'm still going to be doing most of the coding since I know what I'm doing. The hope is that I will be able to teach them. As you know from my whiteboard video (I have more of those I didnt share) and from our project manager I'm definitely doing just that. But if anyone thinks that money buys quality I would love to point you to Hollywood, McDonalds, Starbucks and all the other big companies that cut corners to stay alive. It takes a very special mixture of awesome to be the next "Diablo 3" or "Half-Life" or "Adobe Photoshop"
My goal is definitely to train that team. In the meantime I'm doing most of the heavy lifting and some of the smaller tasks I'm giving to Cambodians and soon there will be a team in China and India. But you also get what you pay for. Without a fantastic project manager they could still be very slow no matter how many you hire! As I'm working as a project manager and coding we will still need a few more project managers to move things along.
All the people reading this thread are mostly traders. I know you want to find "the next thing to pump" but in reality BitBay and Blackcoin are fantastic long team investments. And although it is true that you may see a big pump within a few months, that should not be your motive for investing here.
The investors that stay and build here are going to be made very happy. We have very awesome plans for rewarding you for your loyalty. Thats my goal. To turn coins into companies. Soon coins will be paying holders the way stock companies pay dividends.
EDIT:
I also just noticed that there was a comment that said you weren't buying shares? Well maybe that can change. There is many ideas for how to have dividends from other coins or even dollars flow into projects like Bay and reward bulls.
We take this one step at a time like building a city.
