Topic: BitBay |Decentralized Marketplace|Smart Contracts|IoT Tech|Markets Open - page 102. (Read 339486 times)

Hi Everyone

Just a friendly reminder -

Posts are moderated when they contain fud, personal attacks or profanity.

If you are offended because a post of yours is deleted, please consider what you may have been posting in your quoted material.

If you are here to fud, and notice your posts getting deleted, you can reasonably expect you will be reported & banned from the thread if you persist. There will be no warnings.

This thread is for cordial and constructive community interaction around the topics of Bay and related technologies. The community has indicated a strong wish to keep it that way.

Thanks,

BitBay Team

Hi Guys

Just a quick heads up to people having booting issues with wallets:

David recommends using file / exit and not the red x. The x does not truly exit the wallet: it merely sends it to the taskbar. Then when people use task manager to kill it, halo processes are still running, complicating reboot.

He is working on a video walk through of the wallet and smart contracts, should be out in the next day or two. Then we can resume the betting competition in style : -)

thanks,

BitBay team

I would have..

[1] -  expressed the IPO as a marketcap instead of a price in the main announcement. This is a more honest expression of the valuation because price is meaningless without taking into account coin supply. It's also what lets investors immediately compare the IPO alongside equivalent marketcap coins which are currently trading

[2] - not mentioned stuff like Alibaba without fully qualifying what the nature of those associations were

[3] - had something working that investors could evaluate before investing (hence mitigating the accusations of "vapourware" IPO)

[4] - been transparent about IPO interim and final capital holders, who they are and given blockchain addresses which could be audited and let investors verify the integrity of the custody chain of capital which they are supplying the project

[5] - launched the IPO at a half million cap at the most (in the absence of any significant completed development work). One of the main problems for this project is that it still has it "all to do". It's jam tomorrow as far as deliverables is concerned but jam today as far as investors money goes. It's somewhat of a step in the right direction to have phased releases of the capital upon completion of certain development milestones, but it's far from being an escrow situation. For a start, what happens if those milestones are not reached - is capital returned to investors ? I doubt it. Do investors have any input over the arbitration of marginal achievements ? No.

If the whole IPO was indeed bought by 3rd party investors it means that north of half a million dollars of investor's money has gone up in smoke. That's no mean sum of money and investors have taken this loss, not developers or other project stakeholders.

Given that fact, I think there is some basis for the FUD which I think would have been mitigated if some of the items above had been paid more attention.


GIVE ME A GOOD REASON FOR BUY HUGE THIS COIN.....BITBAY

Amen!

Hi Everyone

Just a friendly reminder -

Posts are moderated when they contain fud, personal attacks or profanity.

If you are offended because a post of yours is deleted, please consider what you may have been posting in your quoted material.

If you are here to fud, and notice your posts getting deleted, you can reasonably expect you will be reported & banned from the thread if you persist. There will be no warnings.

This thread is for cordial and constructive community interaction around the topics of Bay and related technologies. The community has indicated a strong wish to keep it that way.

Thanks,

BitBay Team

To show my appreciation for what David has done so far, I voted for him at this CoinDesk Poll.

P.S. Whan all is said and done, I have to say I admire the way that dzimbeck has stuck to his post and kept going with the product and support work through all of this. He's clearly been taking a lot of sh*t from people lately - some reasonable complaints and other stuff totally unjustified and personal.

Dealing with that stuff and programming are incompatible activities. No one can program effectively while stressed and I think he deserves some credit for conducting himself professionally "while being in amongst it".

How would you have run things better?  I mean, this is a genuine question.

[1] -  expressed the IPO as a marketcap instead of a price in the main announcement. This is a more honest expression of the valuation because price is meaningless without taking into account coin supply. It's also what lets investors immediately compare the IPO alongside equivalent marketcap coins which are currently trading

[3] - had something working that investors could evaluate before investing (hence mitigating the accusations of "vapourware" IPO)

[4] - been transparent about IPO interim and final capital holders, who they are and given blockchain addresses which could be audited and let investors verify the integrity of the custody chain of capital which they are supplying the project

[5] - launched the IPO at a half million cap at the most (in the absence of any significant completed development work).One of the main problems for this project is that it still has it "all to do". It's jam tomorrow as far as deliverables is concerned but jam today as far as investors money goes.

It's somewhat of a step in the right direction to have phased releases of the capital upon completion of certain development milestones, but it's far from being an escrow situation. For a start, what happens if those milestones are not reached - is capital returned to investors ? I doubt it. Do investors have any input over the arbitration of marginal achievements ? No.

How would you have run things better?  I mean, this is a genuine question.

Pay bitcoins raised during the ICO to the dev team based on a percentage of completion method. Investors and developers could make an agreement in advance about how much a certain achievement is worth.
Crypto is exciting, that's why people take the risk and invest into the dark (including me because I just love the tech and its implications and it is fun to take part in the market a little bit)... In real life, those who want to start a business have a very hard time to raise money compared to the crypto ICO shit. And if they get money from real investors, they have to be extraordinarily transparent about their IDs on the one hand and their plan on the other hand. Stage financing is one keyword there. You may now say that yes, there is some type of POCM because they only received 66% so far. But please, this is far far away from a reasonable POCM.