Chinese exchanges volumes are insane. We need to get listed to attract investors
a 3 btc buy up will see Bitbay reach half a million. Someone take one for the team and put up 3btc worth ;-)
No point doing this... more people will just poor bay on to the market.
BAY2 is the way forward.
LISK is crypti's BAY2
We have a legit reason for a BAY2
What was the problem with Crypti? I invested in Lisk because i liked their site and concept. But then i saw Crypti and wondered why that project was so unpopular.
I'm not sure I wasn't part of crypti. The thing is crypti developed some nice things. However they ran out of fund or the other devs wanted to move in a separate direction. Put forward some nice plans for lisk . Boom new ICO 1000's BTC for new development. That's what I heard. But anyway they seem cool guys and perhaps just want to go on their own and do something.
To be fair David you're probably a far more known figure than either of those two guys. They seem really cool and everything but most people have heard of david zimbeck. So whilst you've been scammed out the development pot and left to work on peanuts for years. Other devs are getting 1000's of BTc to further their development ideas?? that seems very weird.
We that are left here including you David are the victims. If you can come up with a perfect plan of how our BAY2 ICO funds will be used to further development and push us forward we could have an amazing BAY2.
If anyone read through all BAY2 proposal from before the they would not even be released until after pegging but are an rather Investment fund.
I went over the BAY2 idea several times and could find no good reason why not to run with it. It only has positives.
You can have the best single coder and designer in the world but there is only so much you can do on your own. The old BAY1 community could also be revived since they are not loosing out. Instead of 100% of cmc rank 120+ they can have 50% (or more if invest in BAY2) of CMC rank top 10.
I think you can do it David and you are being wasted here working with little resources.
I have no idea how they convinced you to do 100% of all the dev work for only 20% of the ico funds? That alone even if they had not deliberately took their 80% and sabotaged the project. You would have still been getting screwed over. You need a large dev pot and lot of BTC at your disposal.
Any negativity from the community can be quickly slammed down when we have an Open and transparent ledger for the funds and how they will be used. You as dev should take the same % from BAY2 as before for private interest and incentive and the rest of incoming funds spend on development.
I have no idea why any sane person (victim ico investor from BAY1) would not be over the moon at this idea. Yes you may well be seeing your share diluted by 50% but if the project is now 100+x the size or greater if we have a great ICO for dev and marketing then just increased you gain by 50%
And this ICO is practically fool proof because what we don't sell of BAY2 ICO (if it does not sell out which if we have a good enough road map and have competence to put in place which we do) is burned and never released after pegging so that dilution doesnt even take place.
Of course someone with a better mind for maths, leveraging etc will need to thrash out the best way.
If other project that actually USED all their first ICO money and didnt have it stolen away can have another ICO why the hell cant we. Of course we need to 100% track down those BAY1 wallets that are linked to the thieves that destroyed this project and have them frozen down first. We don't want them to benefit from our hard work.
Actually the lied thats how. When i talked to Steven he said they would hire devs. I told them i was involved in Blackcoin and could not do all the coding because i wanted to finish NightTrader but i did want the work since i was doing Blackcoin for free sort of a labor of love or something. So i was already in Asia hiring devs for the NT project and figured if that didn't work out they said they had devs with BTER. I even talked to Lin and he told me that. So it was hard for me to imagine that nobody would help me. They got paid and left. Thats so wrong on so many levels i dont know where to begin and end with it.
Actually its a huge regret of mine that i didnt demand to be in control of finances. But there was BTER and i doubted the exchange would put their reputation on the line. They had a lot of volume after all. And i was afraid i would not get hired at all if i was too demanding and i liked that fact that it wasnt a silk road type setup so i just sort of went with it. But yet it was very stupid of me not to ask for more, its just i had never gotten a contract that big before so from my perspective it was a blessing. And i didnt ask enough questions.
Okay so on to BAY2.
There is another problem i see with that. If it was an ICO, then it sets me up again for possible sabotage and not to mention fudding and insults on the bitcointalk thread. It could effect how much is raised and for me would be personally stressful.
Also since i dont have any coders working with me, the problem is promising an investor something new, most successful ICOs have at least 2-3 people and partners you know. I dont trust anyone anymore unless Vitalik himself wants to do it. hahaha I know hes busy so... yeah.
So yeah you know even if it raised for example 200 btc... thats not enough for more than 1-2 coders and if they cant hit their target in a year the money is gone and im still stuck doing all the work. Besides, i would have to train them too.
So for it to really be successful it would need a few million dollars. Like you saw what Lisk funded?? They can hire some nice coders for that!! They really will do great if they handle those funds responsibly.
The problem with wallets of the theives is its hard to track once they get split up. If you look at Mt Gox that was .5 billion dollars! They should have honestly rolled back the blockchain. It was seriously worth it because that was 30% of the coins in circulation. In our case the problem was mostly with the bitcoins.
In fact, more than 50% of bitcoins in existence have been stolen (mt gox .5 bil, sheep market 100 mil, silk road a few hundred mil, mintpal bter cryptorush cryptsi and so many others)
So it really is an issue even in Bitcoin
