jl777 is just another jordan lee from nubits failed project, except this one is even more greedy. Thanks a lot for locking up my funds for the following 10 weeks in yet another foul ICO. This is the worst most draconian altcoin exodus for its stakeholders I've ever seen. You are basically freezing your investors' funds for 10 weeks with absolutely no reward. Everyone who bought BTCD lately in hope of long waited releases and finally some deserved appreciation got screwed hard by this move because they should not have bought into BTCD at all. Instead, they would have waited at least until your KMD ICO and bought into it directly with their BTC. In crypto space 10 weeks is like 10 years. A lot can happen. If I still had my BTC I spent on BTCD I would certainly find a much better investment at some point in the next 10 weeks. But now, no matter how good opportunities pop out, my funds are stuck in this BTCD which has no hope of growing in price due to KMD price fix. No one is going to buy BTCD from the open market because they could as well as keep their BTC and wait until your actual ICO. In the meantime they can spend their funds if a better investment opportunity pops out. I hope a bird shits on your head jl777.
Sorry, have to agree with this. All these new projects/ico's/assets/gateways/etc are just getting out of hand. I do believe you're a great developer, but damn finish some shit before starting something new.....
I will try to avoid birds.
At least we all agree that BTCD investors are not getting a massive preference, but rather a sideways move. This was necessary to not make this a value transfer from ICO investors to BTCD holders. Had we done that, the dPoW would not have been able to raise the needed funds and that serves nobody's interests.
In exchange for a 10 week implicit peg the upside is from post-ICO where komodo will have a lot more resources and can credibly become a top coin. We have to be honest, without some external infusion, the old BTCD 1.0 would not had much of a chance to rise to the top in the current crowded space. And without the 10 week ceiling, this chance for a much bigger upside would not exist.
Unless any new point regarding the fairness issue to BTCD holders is raised, I will be silent on this issue from now as I have been asked and have answered multiple times. And remember I am suffering the same consequence so I eat my own cooking.
I claim that iguanacore is working and it will be released with GUI before ICO funding starts. If you dont believe that I can complete tech projects dont put any funds in until the iguana is released. Or wait until testnet is live. Or wait until mainnet is live and buy from exchanges. The decision is entirely yours.
For BTCD holders, if you wait 10 weeks or so, it will likely rise back to .0053 or higher due to the revshare asset snapshot. I hope you can look past the short term to the long term. I have always stated my goals are long term. But if you just want out, then I am sure there will be a nice exit point where you get to sell out and forget all this long term stuff.
This ICO has been setup to be as fair as possible to all parties and I have yet to hear any alternative that would have solved all factors.