One of the last threads I read here Stan spoke about how all the devs were getting alpha-geek Google style salaries until recently. That doesn't exactly make me picture "broke-ass" devs.
Also, I think the whole 'NXT millionaires' thing has probably done more harm than good and has given people a skewed perception of NXT. NXT's reputation as a poorly distributed currency doesn't really seem to connect with the reality in my experience thus far. And a lot of people seemingly dismiss NXT outright based on that skewed perception of a very poorly distributed currency.
Topic: Bitshares oligarchy rearing it's head - page 3. (Read 4636 times)
Who did they give 30 million to for doing nothing? What was their reasoning? Can you provide links please.
They dropped 30 million of the 500 million expanded cap to Adam of FollowMyVote. As part of the merger Bitshares bought the VOTE DAC out which was allocating a major percentage of its own shares to VOTES devs and founder(Adam). bytemaster convinced some of the koolaid drinkers that Adam's DAC was going to kill bitshares because Adam set aside that enormous allocation of VOTE shares to pay devs, mainly bytemaster. bytemaster under the guise of trying to satisfy AGS donors who donated after the Bitshares Exchange donor period ended said he had to D something for them and would thus walk away from the flagship DAC to go get paid by VOTE. This caused him to come up with the great scheme of merging the DACs and paying Adam that huge sum of BTS. It has now come to light that VOTE had no killer app that could "change everything" as bytemaster claimed in his sales pitch pre merger.
I'll get you links after work.
Thanks.
Who did they give 30 million to for doing nothing? What was their reasoning? Can you provide links please.
They dropped 30 million of the 500 million expanded cap to Adam of FollowMyVote. As part of the merger Bitshares bought the VOTE DAC out which was allocating a major percentage of its own shares to VOTES devs and founder(Adam). bytemaster convinced some of the koolaid drinkers that Adam's DAC was going to kill bitshares because Adam set aside that enormous allocation of VOTE shares to pay devs, mainly bytemaster. bytemaster under the guise of trying to satisfy AGS donors who donated after the Bitshares Exchange donor period ended said he had to D something for them and would thus walk away from the flagship DAC to go get paid by VOTE. This caused him to come up with the great scheme of merging the DACs and paying Adam that huge sum of BTS. It has now come to light that VOTE had no killer app that could "change everything" as bytemaster claimed in his sales pitch pre merger.
I'll get you links after work.
The new Bitshares PR initiative/censorship of the Dev teams transparency and often candid posts is now in full effect. The initiative is at the order of a few "Chinese" stake holders that control large amounts of BTS. They have been angry at Bytemaster since the merger and are now threatening him with divesting and killing the BTS price if he doesn't hand over the reins to Bitshares. Since BItshares likes to call itself a company, this development is akin to a hostile corporate takeover, except that the raiding parties have the ability to kill the price in such an illiquid market. These hostiles are also contemplating a roll back or deletion of "unfairly" distributed shares, namely 30 million BTS that were given to 1 person for absolutely nothing. As I agree with the fact that the person deserves no shares that were given, this takeover and quasi black mail is a major red flag for something that is supposed to be decentralized/ distributed/democratic. This is not what a cryptocurrency is supposed to be.
NewFud(newmine) is just trying to spread FUD. Anyone who has followed BitShares for awhile understands why good PR is importing. Since BitShares has a large Eastern community it important that information is presented in a clear manner. It is very easy for something to be mis-interpreted.
The new Bitshares PR initiative/censorship of the Dev teams transparency and often candid posts is now in full effect. The initiative is at the order of a few "Chinese" stake holders that control large amounts of BTS. They have been angry at Bytemaster since the merger and are now threatening him with divesting and killing the BTS price if he doesn't hand over the reins to Bitshares. Since BItshares likes to call itself a company, this development is akin to a hostile corporate takeover, except that the raiding parties have the ability to kill the price in such an illiquid market. These hostiles are also contemplating a roll back or deletion of "unfairly" distributed shares, namely 30 million BTS that were given to 1 person for absolutely nothing. As I agree with the fact that the person deserves no shares that were given, this takeover and quasi black mail is a major red flag for something that is supposed to be decentralized/ distributed/democratic. This is not what a cryptocurrency is supposed to be.
This is why they had to change from PTS to BTS. Don't be fooled Bitshares is far more a scam then NxT could ever get.
Here is a good read on how BTS came about and PTS role in the process.
https://bitsharestalk.org/index.php?topic=14019.0
Utter nonsense, the OP is referring to a single forum post that was moderated rather rashly and open discussion has continued since.
What is really "rearing it's head" in BitShares is a professional crowdfunding platform which received seed funding from a world famous VC: https://bitsharestalk.org/index.php?topic=13428.msg175507#msg175507
What is really "rearing it's head" in BitShares is a professional crowdfunding platform which received seed funding from a world famous VC: https://bitsharestalk.org/index.php?topic=13428.msg175507#msg175507
Who did they give 30 million to for doing nothing? What was their reasoning? Can you provide links please.
Tell me more
The new Bitshares PR initiative/censorship of the Dev teams transparency and often candid posts is now in full effect. The initiative is at the order of a few "Chinese" stake holders that control large amounts of BTS. They have been angry at Bytemaster since the merger and are now threatening him with divesting and killing the BTS price if he doesn't hand over the reins to Bitshares. Since BItshares likes to call itself a company, this development is akin to a hostile corporate takeover, except that the raiding parties have the ability to kill the price in such an illiquid market. These hostiles are also contemplating a roll back or deletion of "unfairly" distributed shares, namely 30 million BTS that were given to 1 person for absolutely nothing. As I agree with the fact that the person deserves no shares that were given, this takeover and quasi black mail is a major red flag for something that is supposed to be decentralized/ distributed/democratic. This is not what a cryptocurrency is supposed to be.
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