Yes, he isn't always correct and I have lots of disagreement with him, but in this case he is of course spot on. There is no 3000 BTC on this market, it's quite obvious for every sane person, and it's clear, this coin and operation has never collected 3000 BTC on the free market - majority of that ICO bought by the organizers of this thing.
OK... first some actual facts should probably be involved in this... there's no 3000 BTC... never was. That figure is based on all coins being sold at a price of 300 sats - and all coins were sold before it even reached that price. Secondarily the coins are held and released from escrow on a schedule (although outlined a few places in this thread...
HERE is a summary for you).
The 'majority of the ICO coins' might well have been purchased by the organizers... but only if they are literally the worst planners in the world. I could buy the 100BTC single transaction purchase during the first few minutes of the ICO as being an 'insider trade' - but everything after the first price tick was pretty even and consistent... so if they're making money dumping at a loss - while still not getting all the escrow'd coins due to milestone releases not being hit yet... they're the dumbest smart guys in history possibly.
When you couple that with the fact that I know one person that holds a decent chunk of BAY personally, and I hold a much less decent chunk myself... yet the 'evidence' (which actually still hasn't been presented in a single provable manner) all comes from those without any stake whatsoever in anything... and I think it's clear which is more reasonable.
NOTE: I'm not saying he
couldn't be correct this time... but I just haven't known him to use facts pretty much ever in his long monologues. He's often confused about simple aspects of blockchain functionality, coin code, and the identities of people involved. But then again, he loves claiming that I'm a puppet account or provably a member of the 'black hand' or whatever bogeyman is running around this week... so take it for what it is... my 2 cents.
The flaw in your logic in my opinion is, that if the organizers of the ICO bought the majority of the coins - and it is obviously the case as there is simply not enough liquidity on the market that supports such a volume - then any BAY that they sell even at 10 statoshi price is a pure profit, as the BTC is certainly will be released to the organizers. Of course David Zimbeck will meet with the release criteria and the BTCs will be released, so they can sell the coins without any risk for any price. The issue is, the compliance with the release criteria itself doesn't make this operation legit. The comical business plan with the team including Nico from Russia who loves dog and Holly from Taiwan who has a family (and really ... this is from the professional description of the team members who of course perfectly capable to challenge eBay but unable to reveal their professional credentials apart from that they love dogs and they are having family).
I appreciate your civil post and opinion, but if nothing else the so many newbie account that push this operation so strong in this thread isn't a warning flag for you? Isn't it the basic ingredients of any scams precisely what the so many newbie nicks do in this thread? Apart from the circumstantial evidence of impossible large volume, isn't the desperately arguing newbie accounts enough to be very skeptical about the honesty of this operation? Isn't it fact of dumping below ICO price also a red flag? No legit investor would sell under ICO price, why would they? Selling under ICO price is only make sense for the organizers who bought the coin and sell it at any price as they have (will have) the BTC back anyway.
SuperNet[Official Funds Raised Report]
Sep 23rd
bter 303370.1402 + NXT AE 267873 TOKEN = 571243.1402 TOKEN
1201.4874086 BTC, 13836576.42463729 + 33252122.74985353 NXT, 37559.38107027 BTCD, 713706.73861822 CNY, 5403 VIA, 435658.49 VRC
1201.4874086 BTC
BTCD rate 0.01252290 BTC 37559.38107027 = 470.3524 BTC equiv
NXT rate 0.00007890 BTC 47088699.1745 = 3715.3 BTC equiv
VRC rate 0.00014073 BTC 435658.49 = 61.31 BTC equiv
VIA rate 0.00029967 BTC 5403 = 1.6191 BTC equiv
CNY rate ¥ 2486 per BTC 713706.73861822 = 287.09 BTC equiv
total BTC equiv =
5737.1589BlockNetPlease, spread your mighty word there too, enlighten those lost souls and lead them to salvation! Thanks God you are here, you still can save us from ourselves!