Indeed; this is essentially BitGrin (Grin + Bitcoin emission + mining tax) minus the Grin acknowledgement.
When asked earlier what distinguishes this project from BitGrin, they claimed it has no mining tax, which it now does.
There are key differences between Epic and Grin/Bitgrin, and this difference will increase as we progress on development. And again, we do acknowledge Grin in our white paper and soon to go public GitHub.
The budget emission is 8.8% first year and reduces 1.1% every year until zero. This is relatively much more modest than some coins and will help ensure we can continue developing and promoting. The ultimate goal is to transition from using a foundation to a decentralized autonomous organization.
bitgrin/epic minus dev tax ,surely will attract many miners.
dump from tax scared some miners.
There's still the foundation reward ratio per year, pretty much a dev tax however you want to look at it.
2x ppl running the show should this flop guess who's gonna dump on ya all
Now only 1 person running the show. Legal representation, treasurer, and primary investor all resigned from the board. Leaving just Max. So it's a democratic vote of 1 on how the dev tax is distributed....
Epic coin getting ready for that epic failure right about now
Is it now? People complain about a Dev tax but don't mind getting shafted by projects with inflation that never ends. Epic Cash will be fine and does not rely on just one person. The catalyst was one person's idea but the vision will grow. Fudding a project with no ICO, No Pre-mine and supports privacy is tasteless.
Here's Randy Hilarski, the guy who has been using his brand media channels to shill Epic Cash. Of course, Randy has been working with Wayan Garvey on this project, as he has on previous projects, so has a vested interest in seeing Epic pump.
The catalyst's (Wayan Garvey's) vision was to build a token off of the sweat of others' unpaid labor, to collect a dev tax for co-ordinating the unpaid labor, and then to hyper-inflate the value of that token so he could dump it off for millions in fiat. He was in discussions with the treasurer and the whitepaper author over how they might develop stablecoin and DEX interaction to manipulate the value of Epic Cash. Before Epic launched and disappointed, Wayan had hopes of developing a stablecoin (EUSD) and a DEX (EDEX). That same catalyst screwed over people that money was owed to after they'd put in significant amounts of work. He took MethodX's (a "friend" from the toner industry) $100k investment and then channeled it into other projects, such as Covario, with which Wayan intended to take advantage of DEXs to pump Epic Cash value. If I'm not mistaken, Covario is a project that Todd Lewis (Brick Abode), a lead paid developer for Epic, is also a part of.
Wayan Garvey has a history of fraud and shady business dealings. Epic wasn't the first time he took advantage of workers leaving them unpaid. At his Impro Group office in Moldova he fired dozens of IT people without pay, and then moved their jobs to the lower paid alternative in Mudurai, India. Where, incidentally, much of the "volunteer" programming for the Epic project is being done. He downsized in the Philippines, firing much of his staff and then raised frivolous criminal suits against them when they sought legal remedies for unrightful termination and and failure to pay wages after having worked for him for years, building his Philippines company from the ground up.
His Impro Group warehouse burned burned down twice, netting him nice earnings about which there are those who will go on the record stating that Garvey bragged about sticking it to the insurance companies and walking away considerably richer. He has previous sexual harassment suits as head of that organization. He's been embroiled in civil suits raised by Xerox for encouraging contract violation and purchase of materials sourced through violated contracts with Xerox.
What Garvey doesn't have is a history in crypto. He only got involved in mid-2017 because of the windfall profits he saw everyone making, then let his greed get the best of him and lost his ass when the market dropped out. He has no background relevant to this industry except for running a toner trading company that his father started. And he has some friends in the financial sector that can assist him in screwing an undeveloped exchange infrastructure.
Only months ago he was on about how large investors from respectable VC firms, as well as Richard Branson and company, we getting on board (he actually bragged about hanging out with them on Necker Island!) and how a large pool of investment would carry the committed Epic staff into next year and onward into layer 2 developments, Epic has more recently been stiffing translators for languages like Bengali, Igbo, and Persian, as well as the whitepaper author for month's work in research, authoring and advising. This guy, Wayan Garvey (aka Max Freeman), is the sole recipient of the dev tax and unquestioned authority on everything that happens at Epic.
And now, where is he? On medical leave? Leaving you to tell everyone that they can't expect pay for their work because he's to spineless to come out and admit that he lied to everyone? And to tell us that the project doesn't rely on him, when he is clearly the linchpin who everyone answers to. Or is it because under all this pressure he's gone deeper down the opioid rabbit hole, leaving him without the facilities to push this project forward (but at least with MethodX's money to pay for those expensive ketamine and dilaudid shots)?
Who exactly is on the dev team? What real developments are on the roadmap? And how will they get paid? What token value is needed to bring paid employees (assuming their contracts would actually be honored) on? What is Wayan Garvey's cut out of the dev tax? Why did the lead legal representation and the treasurer resign from the board? And where do you fit into all of this?
Say what you will, but it seems like your championing of this project in the face of those who have already been taken advantage of, your disingenuousness, and the lies you're promulgating are what are truly tasteless.