The people from Bay are buying a license to it.
They want to make mesh networks and iOT. Its NOT THE SAME. Completely different project. They are highly connected and are striking a deal to make it a hedging coin.People don't complain about it being part of BitHalo which I did for free. Everything so far I did was for free, in fact, I'm paying devs in Cambodia out of my own pocket. Last 2 conferences Sean went to, I paid for out of pocket to promote Blackcoin.
Let me explain that this deal can be HIGHLY beneficial to Blackcoin. The people running it can pay full time devs. We can literally have an office of 100 devs. It really depends on your attitude towards it. I dont run their coin exclusively, Personally, I dont like ICO. However, these are some of the most connected people in Crypto. This project will benefit Blackcoin for the following reasons.
We will get funding
We will be connected to some major Chinese exchanges and have a good chance at becoming a hedging coin (you should check NuBits to understand what that is...) this part can bring BC to a dollar. Both coins can get pegged to a dollar eventually using some really advance hedging techniques.
Also Blackcoin is getting two exchanges (NightTrader & NT multisig) and it will have a permanent multipool hard coded into it. So it will be the BlackHole that it was originally intended to be.
What can we do to help Blackcoin? Donate to devfund? Buy BitBay coins?
BC FTW