David,
Since there still seems to be the attitude that this turd can be polished into a diamond somehow, let me lay this out so you can possibly avoid
making the same mistake twice in a row.
You knew you were getting paid in BAY, you knew Steven and Lin were getting paid in BAY and you knew that Bob and Ryan were getting paid in BAY. Forget the BTC... just
think about that.
This is nowhere near the situation that I think you see it as being (which is why I'm bothering to post this in the first place). If this were a case of a .44B
premine and an ICO for the difference (560M BAY)... then it wouldn't be as big of a deal. Of course, it would have been harder to sell those 560M BAY but they would all be clean funds - as all investors would have known the distribution and risks. What happened was that the funds
from the ICO were used to buy free BAY for yourselves with investor BTC...
and then keep the BTC that was used. Then, irrespective of milestones, the funds were immediately disbursed (a big chunk of which we know of - but the rest we don't).
The bottom line is this: Bob and Ryan are crooks and market manipulators... but so are Steven and Lin (and
you, but you don't see it that way) - because this couldn't have been pulled off at all without BTER's
full cooperation in the scam. So just because you cleaned house (which you didn't, since they were the ones that actually were the whistleblowers - ironically on
themselves actually) doesn't mean it's CLEAN at all. As to whether the other two guys and yourself are just clueless about markets, or just think it's a harmless "shuffling of funds" or not... it doesn't matter.
If you help get the price back to ICO prices - what does that accomplish? If you get the markets working - what does that really change? Even in that scenario, the best you are really doing is improving the already tainted proceeds for the guys that set this up in the first place! There is no 'protecting the investors' in this scheme... and what does that do for those of us that already dumped long ago anyway? If you were really interested in protecting anyone other than yourself - you would have called it out
during the ICO - so that remediation could have occurred.
Unfortunately, now for many (myself included) it wouldn't matter if you make the worlds greatest market ever seen - it won't change the fact that this was a BTC-churn scam of epic proportion (call it money laundering, call it 'creative accounting', whatever).
What you should have done is what I did... even though I bought my BAY
with my own BTC: I dumped mine at the lowest price in the past 4 days. Stupid for a trader I know, but after realizing just how much of a scam this was... I wanted at least the ones that bought my 2M BAY to get in at rock-bottom prices - and hopefully they got back out with ~1BTC in profits today. In reality, what I should have done is moved them to a wallet and deleted that wallet so at least I could help the distribution - that's my bad. The BTC doesn't matter, I've got plenty more (and due to what you guys and others are doing to it as well as to BC and other alts) I don't see it being around too much longer either. Or at least not at anything north of $10 that is.
TL;DR (in case you missed it again)... you cannot possibly polish this into a diamond - or even a slightly shiner piece of crap even. Let it die the death it deserves, resign your position in BC, and then develop Halo/NT into what you claim this could have been. In 5 years or so, if any of this is still around then, you might still be seen as being a great dev and constructive influence on crypto, who just had really, really poor judgement.
PS - Thought this was funny when I re-read my post... I said "even though I bought my BAY with my own BTC" in referrence to your BAY... but then the humor struck me... actually you
also bought your BAY with
my BTC.
