Topic: BitShares scam2.0, Still scamming - page 8. (Read 12188 times)
I don't know if this is bad or good news, the development has a secure funding, but the original principles of Bitshares, Protoshares etc are all gone. How would this affect the Bit"share", proto"share" , ags holders, time will tell, but it does not look good at the moment.
Once the 2.0 chain is launched, does it really matter who claims ownership over what? This will be a highly advanced blockchain in which just about everything can be voted on by shareholders.
Being this dynamic is quite impressive and will attract many developers to create their own apps. There is a shift in the crypto world where the chains themselves are the operating system and developers will choose the best one to leverage their app. No need to recreate the wheel and have 100000 different blockchains.
Being this dynamic is quite impressive and will attract many developers to create their own apps. There is a shift in the crypto world where the chains themselves are the operating system and developers will choose the best one to leverage their app. No need to recreate the wheel and have 100000 different blockchains.
Most of the folks on bitsharestalk know NewMine well and weren't buying what he was pushing so he threatened to come over here and make a stink. I see he did his best! 
Anyhow here's the facts that got us to the ability to deploy BitShares 2.0 this summer:
1. Invictus ran out of donated BTC at the end of last year. All PTS was returned on advice of our accountants.
2. During recent months 100% delegates have earned about 4277 BTS * $0.006 = $25 per day. (BitShares paid for 1/2 hour every day)
(Enough for them to answer a few questions or fix a simple bug every day or so.)
3. By dipping into our BTS reserves set aside for legal, accounting, and government contingencies, I3 was able to provide a small stipend for some of them amounting to about 3 paid hours per day. To meet the rest of their living expenses, they were forced to live off their savings from last year.
4. This left them somewhere around 8 unpaid hours a day as independent agents. With this time, the team continued to provide essential updates for BitShares and worked on Graphene with the hope of producing something of value that could be used to recover all their sacrificed pay. This was a huge gamble. It would have been smarter to take a job at Google, use their new salaries to buy up cheap BTS. Instead they stuck with it. Net cash flow during all this time was from the developers to BitShares, not the other way around.
5. When it became clear that Graphene would be a success, the team decided to build a new company to monetize it and recover their painful losses.
6. ALL of the current stakeholders in Cryptonomex are members of the global BitShares community who invested their own time and/or money to make Graphene possible.
7. It is CNX intention to use the results of these risky investments to raise additional capital and capture new revenue streams. To do that, we need to have a company that owns something that merits such investment. That's why we have the license structure you see. Failure to assert those IP rights would mean that BitShares would need to find developers able to take Graphene the rest of the way for $25/day. We were, alas, not able to find anybody willing to continue doing that.
8. For the foreseeable future we expect to continue using such outside investments to grow the BitShares ecosystem in a way that incentivizes investment in CNX.
Please observe the complete series of announcements we make this summer before you judge our commitment to BitShares success.
The next one is tomorrow.
Anyhow here's the facts that got us to the ability to deploy BitShares 2.0 this summer:
1. Invictus ran out of donated BTC at the end of last year. All PTS was returned on advice of our accountants.
2. During recent months 100% delegates have earned about 4277 BTS * $0.006 = $25 per day. (BitShares paid for 1/2 hour every day)
(Enough for them to answer a few questions or fix a simple bug every day or so.)
3. By dipping into our BTS reserves set aside for legal, accounting, and government contingencies, I3 was able to provide a small stipend for some of them amounting to about 3 paid hours per day. To meet the rest of their living expenses, they were forced to live off their savings from last year.
4. This left them somewhere around 8 unpaid hours a day as independent agents. With this time, the team continued to provide essential updates for BitShares and worked on Graphene with the hope of producing something of value that could be used to recover all their sacrificed pay. This was a huge gamble. It would have been smarter to take a job at Google, use their new salaries to buy up cheap BTS. Instead they stuck with it. Net cash flow during all this time was from the developers to BitShares, not the other way around.
5. When it became clear that Graphene would be a success, the team decided to build a new company to monetize it and recover their painful losses.
6. ALL of the current stakeholders in Cryptonomex are members of the global BitShares community who invested their own time and/or money to make Graphene possible.
7. It is CNX intention to use the results of these risky investments to raise additional capital and capture new revenue streams. To do that, we need to have a company that owns something that merits such investment. That's why we have the license structure you see. Failure to assert those IP rights would mean that BitShares would need to find developers able to take Graphene the rest of the way for $25/day. We were, alas, not able to find anybody willing to continue doing that.
8. For the foreseeable future we expect to continue using such outside investments to grow the BitShares ecosystem in a way that incentivizes investment in CNX.
Please observe the complete series of announcements we make this summer before you judge our commitment to BitShares success.
The next one is tomorrow.
In the beginning they asked for money:
"[Preorder] Keyhotee founder ID"
https://bitcointalksearch.org/topic/m.3451627
and you bought it.
Then they asked for more:
"BitShares AGS and Bitshares X allocation"
https://bitsharestalk.org/index.php?topic=1631.0/?r=payroll
and you bought it.
Then they asked for more BTS to cash out on and "live on", see #6:
https://bitsharestalk.org/index.php/topic,10148.0.html/?r=payroll
and you bought it in the form of "delegate pay' which dilutes current share holders.
None of that was enough, now the are seeking to retain licensing for the BitShares Toolkit the Dev team has re-named Graphene. Graphene will be owned by the recently formed company, Cryptonomex. Cryptonomex's President is Stan Larimer (Bytemasters Dad) and was founded in secret by the Bitshares Dev team after they killed off Invictus Inovations Inc. over the past few months.
"Cryptonomex, Inc retains all rights to the Graphene Toolkit and any derivatives thereof for any other use. The BitShares blockchain is defined as exactly one global ledger. There are many other possibilities for the new SmartChain technology, since this toolkit will be able to be licensed to any party willing to pay the fee to create a new business or app, and run their business to this new type of crypto-technology."-from their self made PR announcement on yahoo!
https://bitsharestalk.org/index.php/topic,16953.0.html/?r=payroll
BTS holders have been waiting for 11 months for a stable platform/ a 1.0 version of the client that is yet to come. Bytemaster claims no funds from Invictus were used to create the Graphene toolkit:
More to come, I am sure.
"[Preorder] Keyhotee founder ID"
https://bitcointalksearch.org/topic/m.3451627
and you bought it.
Then they asked for more:
"BitShares AGS and Bitshares X allocation"
https://bitsharestalk.org/index.php?topic=1631.0/?r=payroll
and you bought it.
Then they asked for more BTS to cash out on and "live on", see #6:
https://bitsharestalk.org/index.php/topic,10148.0.html/?r=payroll
and you bought it in the form of "delegate pay' which dilutes current share holders.
None of that was enough, now the are seeking to retain licensing for the BitShares Toolkit the Dev team has re-named Graphene. Graphene will be owned by the recently formed company, Cryptonomex. Cryptonomex's President is Stan Larimer (Bytemasters Dad) and was founded in secret by the Bitshares Dev team after they killed off Invictus Inovations Inc. over the past few months.
"Cryptonomex, Inc retains all rights to the Graphene Toolkit and any derivatives thereof for any other use. The BitShares blockchain is defined as exactly one global ledger. There are many other possibilities for the new SmartChain technology, since this toolkit will be able to be licensed to any party willing to pay the fee to create a new business or app, and run their business to this new type of crypto-technology."-from their self made PR announcement on yahoo!
https://bitsharestalk.org/index.php/topic,16953.0.html/?r=payroll
BTS holders have been waiting for 11 months for a stable platform/ a 1.0 version of the client that is yet to come. Bytemaster claims no funds from Invictus were used to create the Graphene toolkit:
BitShares 2.0, Graphene & Cryptonomex
After much discussion with those in the BitShares community over the licensing terms of Graphene and BitShares 2.0, Cryptonomex has decided to take the following actions:
Cryptonomex has not accepted any funding from the Angel Shares donations made to Invictus.
Cryptonomex is committed to the long-term success of BitShares and will depend upon the BitShares community as much as the BitShares community depends upon us.
So they did this for free, which they refuse to do anything for free for BitShares? Or did they re-name the BitShares Toolkit they abandoned in the "Merger" to Graphene and are now attempting to license it and sell competing blockchains to the highest bidder? After much discussion with those in the BitShares community over the licensing terms of Graphene and BitShares 2.0, Cryptonomex has decided to take the following actions:
- All code as of June 1, 2015 will be released under the CC0 1.0 Universal license (https://creativecommons.org/publicdomain/zero/1.0/legalcode)
- All future work performed by Cryptonomex will be a derivative owned by Cryptonomex, Inc and will be licensed for use with BitShares under the BSD 3 clause license (http://opensource.org/licenses/BSD-3-Clause) where BitShares shall refer to a single logical blockchain regardless of how many side-chains it may add in the future. Rights to use the work for any other blockchain are reserved to Cryptonomex, Inc.
- All future additions to BitShares will be licensed by their respective authors according to the terms laid out in their individual worker proposals.
Cryptonomex has not accepted any funding from the Angel Shares donations made to Invictus.
Cryptonomex is committed to the long-term success of BitShares and will depend upon the BitShares community as much as the BitShares community depends upon us.
More to come, I am sure.
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