Author

Topic: BTCD is no more - page 337. (Read 1328490 times)

hero member
Activity: 690
Merit: 501
August 24, 2014, 07:15:49 PM
Can someone produce an android price ticker

Yes we need some android apps.
sr. member
Activity: 255
Merit: 251
August 24, 2014, 07:13:58 PM
Now it is curious to me that you are complaining about 1000 BTCD given to what looks to me like professional graphic designer. What was the value at the time? 1000 BTCD today is different than several weeks ago. If you are volunteering to work and then decide you want to become a paid contractor midstream, then this is your decision. Maybe if you had purchased BTCD on the open market when it was cheap like other key contributors (also showing faith in your own project), then some envy over somebody else getting paid would not be an issue?


James

Thank you for saying that! My personal friend designed the logo and other designs (such as the one in that photo) and put in weeks of work for this project. It was not wrong of him to ask for compensation. To say otherwise is downright wrong.
full member
Activity: 168
Merit: 100
August 24, 2014, 07:12:22 PM
Complete disclosure to the community!

Questions have been asked about the BTCD's pre-mine (~24,800 BTCD or ~1.5% of the total 1.6 million PoW Coins) here is the breakdown:
P.S. Because coins started to stake after 8 hours of maturity, the total # of BTCD during the PoW phase was less than 1.6 million, and ended up being ~1.174 Million BTCD

1) Azeh -- 5,386 BTCD

2) TorrnA -- 5,386 BTCD

3) BTCDdev --5,386 BTCD

Further development expenses:

Promotion payments before launch: 2,200 BTCD

Blog Posts/ Articles: 120
Node hosting: 10
Games: 90
Faucet funding: 3
Mac Wallet: 275
Windows Wallet: 500
Block Explorers: 550
OP translations: 360
Donations for independent work: 120
Media relations trial: 100

Anon tech development: 3500 (given to BTCDdev by James for his work)
Further development reserved for James after coming on board ~ 1000 (offered to TorrnA and BTCDdev by James)

Basically all pre-mine payments we're made before James joined as core developer.  After which, James was offered a bounty for his services, however, said already had enough BTCD that he had bought on the open market and therefore offered his bounty to BTCDdev for his help coding, who didn't have funds to be able to purchase BTCD on the open market.

Furthermore, I (Azeh) was lucky enough to have BTC available in the early days to purchase the majority of the BTCD I hold on the open market and have subsequently funded other aspects of BTCD development with my personal funds.

Web Designer: 1000 BTCD
BitcoinPRbuzz: 1200 BTCD

See below for more details:

A portion of the original pre-mine was agreed upon by the three original developers (Azeh, TorrnA, BTCDdev) to be distributed evenly. This was well before the launch of BTCD and was well before any of us had any knowledge that James would agree to come on board to become the core developer for BTCD.  The fact of the matter is, before the launch of BTCD the three original members worked for 2 months planning BTCD. Only one member, Azeh (me) had any BTC available to purchase BTCD on the open market.

Moreover, as others have said previously, If one wanted they could have bought the equivalent of the entire pre-mine in the early days for a few BTC.

Why is this being said now:

1) Continued questions from some community members that have asked for more detail about the pre-mine.

2) A current web developer has blackmailed the dev team for payment of between 5-15k BTCD payment.  If we didn't oblige, he threatened to come to the forums to disclose this news and spread FUD.

3) So we can clear the air and move forward with a clean slate and tell said developer that their services are no longer wanted.

Unfortunately, a team member has gone rouge and has threatened the development team and by extension the BTCD community and therefore, I'd like to completely come clean before said member has a chance to spread FUD.

This member, out of respect, I'll leave anonymous and allow him to come out himself if he so chooses.  However, this member continues to think that BTCD is some sort of conspiracy that has been concocted to enhance the value of NXT.  This member continues to believe this even after explanations about how NXT just provides platform with which BTCD is built over and has nothing to do with original NXT developers or the currency itself.

The situation escalated after an argument with the web designer after which this individual threatened me that he "could just hit ctrl alt delete and walk away", and said that he had done so on the past to another coin.

Bottom Line:

Regarding the pre-mine, should we have been more transparent in the beginning.  The short answer: Yes.  However, I will blame myself because I only wanted to protect TorrnA and BTCDdev from any criticism who both put in a ton of work and deserve every BTCD they received from the pre-mine.

In addition, I'm not going to sit idly by while an individual attempts use threats and blackmail to achieve some sense of control and extort funds for their own gain.  This is not in the spirit of what BTCD is all about.  For the most part the development of BTCD has remained mostly "ego" free which is how we'd like to keep it.  If development team members can't agree to this, then they have no place on the development team.

Lastly, yes, we are asking for donations.  Donations are all being carefully recorded and held by TorrnA, who I can vouch for as a very trustworthy individual.  All bounty payments going forward will be completely transparent and divulged to the community.  

i never blackmailed any dev i just asked for what i think my work worths so far and future developement, if someone can receive 1k BTCD for this http://oi61.tinypic.com/33ttet0.jpg i think that i should get more than 0 BTCD for work done and continuig to work here, i yet asked about premine and about 2 weeks ago i was told it was kept for james but now it seems things changed and its not keept, btw the actuall premine was 1.5% from 1.6M coins that should have been in PoW
it would be nice if you kept to the facts. I am so disappointed about this. Funds were being raised so people like yourself could be compensated. Also, I do not remember seeing any posts anywhere about the premine being kept for me! In fact, I have posted several times that the premine was mostly used before I even arrived and also that I wanted the 3500 BTCD offered to me to go to BTCDdev since he wasnt able to get much on the open market. I believe it is quite important for key contributors to be vested

The estimated value of the BTCD that the three got from the premine is <1 BTC for most of the PoW period. If anybody has any problems with this other than yourself, I would be surprised. Now it is curious to me that you are complaining about 1000 BTCD given to what looks to me like professional graphic designer. What was the value at the time? 1000 BTCD today is different than several weeks ago. If you are volunteering to work and then decide you want to become a paid contractor midstream, then this is your decision. Maybe if you had purchased BTCD on the open market when it was cheap like other key contributors (also showing faith in your own project), then some envy over somebody else getting paid would not be an issue?

Care to explain what NXT txid 17945798072342483012 is?

I had sent you 500 NXTprivacy directly as confirmation of your work and while this is not the same as 1000 BTCD, it was also clear that there would be more after work was completed. Whether your work is worth more or less than what some other paid contractor is getting is a judgement call. I trust Azeh's judgement on such matters and since you cannot get over the horrible injustice that you have been subjected to, it is best that you leave. I wish you luck in the future and if you decide to keep posting here, please stay with the facts.

Goodbye.

James
1k was given few days ago so its not much less, i can post skype chat logs about premine keept if you want to see, also i own more than 30k BTCD that is not sold unlike the premine so yes it gives faith here a lot, as for that asset please send me your NXT address and i will return it same second, its not any value for me receiving your assets which it seems you have one for every feature for this coin that is to be released, well maybe, as yet still no sign of anything

EDIT: i never asked for the free asset, but it seems i received it when i questioned the NXT benefits from your work here
legendary
Activity: 1176
Merit: 1134
August 24, 2014, 06:56:33 PM
Complete disclosure to the community!

Questions have been asked about the BTCD's pre-mine (~24,800 BTCD or ~1.5% of the total 1.6 million PoW Coins) here is the breakdown:
P.S. Because coins started to stake after 8 hours of maturity, the total # of BTCD during the PoW phase was less than 1.6 million, and ended up being ~1.174 Million BTCD

1) Azeh -- 5,386 BTCD

2) TorrnA -- 5,386 BTCD

3) BTCDdev --5,386 BTCD

Further development expenses:

Promotion payments before launch: 2,200 BTCD

Blog Posts/ Articles: 120
Node hosting: 10
Games: 90
Faucet funding: 3
Mac Wallet: 275
Windows Wallet: 500
Block Explorers: 550
OP translations: 360
Donations for independent work: 120
Media relations trial: 100

Anon tech development: 3500 (given to BTCDdev by James for his work)
Further development reserved for James after coming on board ~ 1000 (offered to TorrnA and BTCDdev by James)

Basically all pre-mine payments we're made before James joined as core developer.  After which, James was offered a bounty for his services, however, said already had enough BTCD that he had bought on the open market and therefore offered his bounty to BTCDdev for his help coding, who didn't have funds to be able to purchase BTCD on the open market.

Furthermore, I (Azeh) was lucky enough to have BTC available in the early days to purchase the majority of the BTCD I hold on the open market and have subsequently funded other aspects of BTCD development with my personal funds.

Web Designer: 1000 BTCD
BitcoinPRbuzz: 1200 BTCD

See below for more details:

A portion of the original pre-mine was agreed upon by the three original developers (Azeh, TorrnA, BTCDdev) to be distributed evenly. This was well before the launch of BTCD and was well before any of us had any knowledge that James would agree to come on board to become the core developer for BTCD.  The fact of the matter is, before the launch of BTCD the three original members worked for 2 months planning BTCD. Only one member, Azeh (me) had any BTC available to purchase BTCD on the open market.

Moreover, as others have said previously, If one wanted they could have bought the equivalent of the entire pre-mine in the early days for a few BTC.

Why is this being said now:

1) Continued questions from some community members that have asked for more detail about the pre-mine.

2) A current web developer has blackmailed the dev team for payment of between 5-15k BTCD payment.  If we didn't oblige, he threatened to come to the forums to disclose this news and spread FUD.

3) So we can clear the air and move forward with a clean slate and tell said developer that their services are no longer wanted.

Unfortunately, a team member has gone rouge and has threatened the development team and by extension the BTCD community and therefore, I'd like to completely come clean before said member has a chance to spread FUD.

This member, out of respect, I'll leave anonymous and allow him to come out himself if he so chooses.  However, this member continues to think that BTCD is some sort of conspiracy that has been concocted to enhance the value of NXT.  This member continues to believe this even after explanations about how NXT just provides platform with which BTCD is built over and has nothing to do with original NXT developers or the currency itself.

The situation escalated after an argument with the web designer after which this individual threatened me that he "could just hit ctrl alt delete and walk away", and said that he had done so on the past to another coin.

Bottom Line:

Regarding the pre-mine, should we have been more transparent in the beginning.  The short answer: Yes.  However, I will blame myself because I only wanted to protect TorrnA and BTCDdev from any criticism who both put in a ton of work and deserve every BTCD they received from the pre-mine.

In addition, I'm not going to sit idly by while an individual attempts use threats and blackmail to achieve some sense of control and extort funds for their own gain.  This is not in the spirit of what BTCD is all about.  For the most part the development of BTCD has remained mostly "ego" free which is how we'd like to keep it.  If development team members can't agree to this, then they have no place on the development team.

Lastly, yes, we are asking for donations.  Donations are all being carefully recorded and held by TorrnA, who I can vouch for as a very trustworthy individual.  All bounty payments going forward will be completely transparent and divulged to the community.  

i never blackmailed any dev i just asked for what i think my work worths so far and future developement, if someone can receive 1k BTCD for this http://oi61.tinypic.com/33ttet0.jpg i think that i should get more than 0 BTCD for work done and continuig to work here, i yet asked about premine and about 2 weeks ago i was told it was kept for james but now it seems things changed and its not keept, btw the actuall premine was 1.5% from 1.6M coins that should have been in PoW
it would be nice if you kept to the facts. I am so disappointed about this. Funds were being raised so people like yourself could be compensated. Also, I do not remember seeing any posts anywhere about the premine being kept for me! In fact, I have posted several times that the premine was mostly used before I even arrived and also that I wanted the 3500 BTCD offered to me to go to BTCDdev since he wasnt able to get much on the open market. I believe it is quite important for key contributors to be vested

The estimated value of the BTCD that the three got from the premine is <1 BTC for most of the PoW period. If anybody has any problems with this other than yourself, I would be surprised. Now it is curious to me that you are complaining about 1000 BTCD given to what looks to me like professional graphic designer. What was the value at the time? 1000 BTCD today is different than several weeks ago. If you are volunteering to work and then decide you want to become a paid contractor midstream, then this is your decision. Maybe if you had purchased BTCD on the open market when it was cheap like other key contributors (also showing faith in your own project), then some envy over somebody else getting paid would not be an issue?

Care to explain what NXT txid 17945798072342483012 is?

I had sent you 500 NXTprivacy directly as confirmation of your work and while this is not the same as 1000 BTCD, it was also clear that there would be more after work was completed. Whether your work is worth more or less than what some other paid contractor is getting is a judgement call. I trust Azeh's judgement on such matters and since you cannot get over the horrible injustice that you have been subjected to, it is best that you leave. I wish you luck in the future and if you decide to keep posting here, please stay with the facts.

Goodbye.

James
full member
Activity: 168
Merit: 100
August 24, 2014, 06:28:56 PM
Complete disclosure to the community!

Questions have been asked about the BTCD's pre-mine (~24,800 BTCD or ~1.5% of the total 1.6 million PoW Coins) here is the breakdown:
P.S. Because coins started to stake after 8 hours of maturity, the total # of BTCD during the PoW phase was less than 1.6 million, and ended up being ~1.174 Million BTCD

1) Azeh -- 5,386 BTCD

2) TorrnA -- 5,386 BTCD

3) BTCDdev --5,386 BTCD

Further development expenses:

Promotion payments before launch: 2,200 BTCD

Blog Posts/ Articles: 120
Node hosting: 10
Games: 90
Faucet funding: 3
Mac Wallet: 275
Windows Wallet: 500
Block Explorers: 550
OP translations: 360
Donations for independent work: 120
Media relations trial: 100

Anon tech development: 3500 (given to BTCDdev by James for his work)
Further development reserved for James after coming on board ~ 1000 (offered to TorrnA and BTCDdev by James)

Basically all pre-mine payments we're made before James joined as core developer.  After which, James was offered a bounty for his services, however, said already had enough BTCD that he had bought on the open market and therefore offered his bounty to BTCDdev for his help coding, who didn't have funds to be able to purchase BTCD on the open market.

Furthermore, I (Azeh) was lucky enough to have BTC available in the early days to purchase the majority of the BTCD I hold on the open market and have subsequently funded other aspects of BTCD development with my personal funds.

Web Designer: 1000 BTCD
BitcoinPRbuzz: 1200 BTCD

See below for more details:

A portion of the original pre-mine was agreed upon by the three original developers (Azeh, TorrnA, BTCDdev) to be distributed evenly. This was well before the launch of BTCD and was well before any of us had any knowledge that James would agree to come on board to become the core developer for BTCD.  The fact of the matter is, before the launch of BTCD the three original members worked for 2 months planning BTCD. Only one member, Azeh (me) had any BTC available to purchase BTCD on the open market.

Moreover, as others have said previously, If one wanted they could have bought the equivalent of the entire pre-mine in the early days for a few BTC.

Why is this being said now:

1) Continued questions from some community members that have asked for more detail about the pre-mine.

2) A current web developer has blackmailed the dev team for payment of between 5-15k BTCD payment.  If we didn't oblige, he threatened to come to the forums to disclose this news and spread FUD.

3) So we can clear the air and move forward with a clean slate and tell said developer that their services are no longer wanted.

Unfortunately, a team member has gone rouge and has threatened the development team and by extension the BTCD community and therefore, I'd like to completely come clean before said member has a chance to spread FUD.

This member, out of respect, I'll leave anonymous and allow him to come out himself if he so chooses.  However, this member continues to think that BTCD is some sort of conspiracy that has been concocted to enhance the value of NXT.  This member continues to believe this even after explanations about how NXT just provides platform with which BTCD is built over and has nothing to do with original NXT developers or the currency itself.

The situation escalated after an argument with the web designer after which this individual threatened me that he "could just hit ctrl alt delete and walk away", and said that he had done so on the past to another coin.

Bottom Line:

Regarding the pre-mine, should we have been more transparent in the beginning.  The short answer: Yes.  However, I will blame myself because I only wanted to protect TorrnA and BTCDdev from any criticism who both put in a ton of work and deserve every BTCD they received from the pre-mine.

In addition, I'm not going to sit idly by while an individual attempts use threats and blackmail to achieve some sense of control and extort funds for their own gain.  This is not in the spirit of what BTCD is all about.  For the most part the development of BTCD has remained mostly "ego" free which is how we'd like to keep it.  If development team members can't agree to this, then they have no place on the development team.

Lastly, yes, we are asking for donations.  Donations are all being carefully recorded and held by TorrnA, who I can vouch for as a very trustworthy individual.  All bounty payments going forward will be completely transparent and divulged to the community.  

i never blackmailed any dev i just asked for what i think my work worths so far and future developement, if someone can receive 1k BTCD for this http://oi61.tinypic.com/33ttet0.jpg i think that i should get more than 0 BTCD for work done and continuig to work here, i yet asked about premine and about 2 weeks ago i was told it was kept for james but now it seems things changed and its not keept, btw the actuall premine was 1.5% from 1.6M coins that should have been in PoW
hero member
Activity: 493
Merit: 500
August 24, 2014, 06:17:28 PM
good post Azeh...



that is what will bring this coin to where it needs to be. your and jl's posts offer lots in the way of investor confidence






huge buy wall at .005 (45 BTC). lots more on the way down to .005 also. maybe you should get in now? or wait until BTCD is 5$, that would be a much better time to get in!
sr. member
Activity: 364
Merit: 250
August 24, 2014, 06:09:36 PM
Can someone produce an android price ticker

I use Cryptonator to track my coins exchange rate and to give a Ticker for each on the notification screen

https://play.google.com/store/apps/details?id=com.aev.cryptonator&hl=en


Is there a ticker for iPhone aswell? Couldnt find 1 in the appstore the other day.
legendary
Activity: 3556
Merit: 1126
August 24, 2014, 06:02:38 PM
Just to let you know I requested an withdrawal from cryptsy 10 hours ago and confirmed it by email.
It still says pending. . .

Anyone else with similar issue?

Log a ticket. I often have this problem. Longest delay thus far in the past few weeks was 24 hours. Pain in the butt when trying to pay miners daily for their work. Several occasions I paid miners out of my pocket and delt with cryptsy to get the withdraw processed.

If I don't have it in an hour I know I need to log a ticket.
full member
Activity: 149
Merit: 100
August 24, 2014, 05:39:13 PM
Can someone produce an android price ticker

I use Cryptonator to track my coins exchange rate and to give a Ticker for each on the notification screen

https://play.google.com/store/apps/details?id=com.aev.cryptonator&hl=en
member
Activity: 112
Merit: 10
August 24, 2014, 05:26:38 PM
Complete disclosure to the community!

Questions have been asked about the BTCD's pre-mine (~24,800 BTCD or ~1.5% of the total 1.6 million PoW Coins) here is the breakdown:
P.S. Because coins started to stake after 8 hours of maturity, the total # of BTCD during the PoW phase was less than 1.6 million, and ended up being ~1.174 Million BTCD

1) Azeh -- 5,386 BTCD

2) TorrnA -- 5,386 BTCD

3) BTCDdev --5,386 BTCD

Further development expenses:

Promotion payments before launch: 2,200 BTCD

Blog Posts/ Articles: 120
Node hosting: 10
Games: 90
Faucet funding: 3
Mac Wallet: 275
Windows Wallet: 500
Block Explorers: 550
OP translations: 360
Donations for independent work: 120
Media relations trial: 100

Anon tech development: 3500 (given to BTCDdev by James for his work)
Further development reserved for James after coming on board ~ 1000 (offered to TorrnA and BTCDdev by James)

Basically all pre-mine payments we're made before James joined as core developer.  After which, James was offered a bounty for his services, however, said already had enough BTCD that he had bought on the open market and therefore offered his bounty to BTCDdev for his help coding, who didn't have funds to be able to purchase BTCD on the open market.

Furthermore, I (Azeh) was lucky enough to have BTC available in the early days to purchase the majority of the BTCD I hold on the open market and have subsequently funded other aspects of BTCD development with my personal funds.

Web Designer: 1000 BTCD
BitcoinPRbuzz: 1200 BTCD

See below for more details:

A portion of the original pre-mine was agreed upon by the three original developers (Azeh, TorrnA, BTCDdev) to be distributed evenly. This was well before the launch of BTCD and was well before any of us had any knowledge that James would agree to come on board to become the core developer for BTCD.  The fact of the matter is, before the launch of BTCD the three original members worked for 2 months planning BTCD. Only one member, Azeh (me) had any BTC available to purchase BTCD on the open market.

Moreover, as others have said previously, If one wanted they could have bought the equivalent of the entire pre-mine in the early days for a few BTC.

Why is this being said now:

1) Continued questions from some community members that have asked for more detail about the pre-mine.

2) A current web developer has blackmailed the dev team for payment of between 5-15k BTCD payment.  If we didn't oblige, he threatened to come to the forums to disclose this news and spread FUD.

3) So we can clear the air and move forward with a clean slate and tell said developer that their services are no longer wanted.

Unfortunately, a team member has gone rouge and has threatened the development team and by extension the BTCD community and therefore, I'd like to completely come clean before said member has a chance to spread FUD.

This member, out of respect, I'll leave anonymous and allow him to come out himself if he so chooses.  However, this member continues to think that BTCD is some sort of conspiracy that has been concocted to enhance the value of NXT.  This member continues to believe this even after explanations about how NXT just provides platform with which BTCD is built over and has nothing to do with original NXT developers or the currency itself.

The situation escalated after an argument with the web designer after which this individual threatened me that he "could just hit ctrl alt delete and walk away", and said that he had done so on the past to another coin.

Bottom Line:

Regarding the pre-mine, should we have been more transparent in the beginning.  The short answer: Yes.  However, I will blame myself because I only wanted to protect TorrnA and BTCDdev from any criticism who both put in a ton of work and deserve every BTCD they received from the pre-mine.

In addition, I'm not going to sit idly by while an individual attempts use threats and blackmail to achieve some sense of control and extort funds for their own gain.  This is not in the spirit of what BTCD is all about.  For the most part the development of BTCD has remained mostly "ego" free which is how we'd like to keep it.  If development team members can't agree to this, then they have no place on the development team.

Lastly, yes, we are asking for donations.  Donations are all being carefully recorded and held by TorrnA, who I can vouch for as a very trustworthy individual.  All bounty payments going forward will be completely transparent and divulged to the community.  

Thank you Azeh, for being truthful. I don't see any other way to be more transparent than this. Been following this thread from page one and never seen any trustworthy and transparent coin dev team in any other altcoin thread. Everything is going only forward. Even the community is great and helpful. You guys rock! Shame on that so called dev and team member. I guess everyone who is following the thread from the beginning will say the same or even better than me. You shouldn't blame yourself for any of this matter. As for James, I have never seen any dev is that fast and positive. And as I see from James' post, he is not greedy (bought plenty of BTCD with his money and donating his NXT assets to match the donation raised) and always trying to help make things better. I thank you all for the works you have been doing and never doubted your transparency. Keep up the great works!
hero member
Activity: 868
Merit: 1000
August 24, 2014, 04:54:53 PM
Can someone produce an android price ticker
sr. member
Activity: 441
Merit: 500
August 24, 2014, 04:53:29 PM
Complete disclosure to the community!

Questions have been asked about the BTCD's pre-mine (~24,800 BTCD or ~1.5% of the total 1.6 million PoW Coins) here is the breakdown:
P.S. Because coins started to stake after 8 hours of maturity, the total # of BTCD during the PoW phase was less than 1.6 million, and ended up being ~1.174 Million BTCD

1) Azeh -- 5,386 BTCD

2) TorrnA -- 5,386 BTCD

3) BTCDdev --5,386 BTCD

Further development expenses:

Promotion payments before launch: 2,200 BTCD

Blog Posts/ Articles: 120
Node hosting: 10
Games: 90
Faucet funding: 3
Mac Wallet: 275
Windows Wallet: 500
Block Explorers: 550
OP translations: 360
Donations for independent work: 120
Media relations trial: 100

Anon tech development: 3500 (given to BTCDdev by James for his work)
Further development reserved for James after coming on board ~ 1000 (offered to TorrnA and BTCDdev by James)

Basically all pre-mine payments we're made before James joined as core developer.  After which, James was offered a bounty for his services, however, said already had enough BTCD that he had bought on the open market and therefore offered his bounty to BTCDdev for his help coding, who didn't have funds to be able to purchase BTCD on the open market.

Furthermore, I (Azeh) was lucky enough to have BTC available in the early days to purchase the majority of the BTCD I hold on the open market and have subsequently funded other aspects of BTCD development with my personal funds.

Web Designer: 1000 BTCD
BitcoinPRbuzz: 1200 BTCD

See below for more details:

A portion of the original pre-mine was agreed upon by the three original developers (Azeh, TorrnA, BTCDdev) to be distributed evenly. This was well before the launch of BTCD and was well before any of us had any knowledge that James would agree to come on board to become the core developer for BTCD.  The fact of the matter is, before the launch of BTCD the three original members worked for 2 months planning BTCD. Only one member, Azeh (me) had any BTC available to purchase BTCD on the open market.

Moreover, as others have said previously, If one wanted they could have bought the equivalent of the entire pre-mine in the early days for a few BTC.

Why is this being said now:

1) Continued questions from some community members that have asked for more detail about the pre-mine.

2) A current web developer has blackmailed the dev team for payment of between 5-15k BTCD payment.  If we didn't oblige, he threatened to come to the forums to disclose this news and spread FUD.

3) So we can clear the air and move forward with a clean slate and tell said developer that their services are no longer wanted.

Unfortunately, a team member has gone rouge and has threatened the development team and by extension the BTCD community and therefore, I'd like to completely come clean before said member has a chance to spread FUD.

This member, out of respect, I'll leave anonymous and allow him to come out himself if he so chooses.  However, this member continues to think that BTCD is some sort of conspiracy that has been concocted to enhance the value of NXT.  This member continues to believe this even after explanations about how NXT just provides platform with which BTCD is built over and has nothing to do with original NXT developers or the currency itself.

The situation escalated after an argument with the web designer after which this individual threatened me that he "could just hit ctrl alt delete and walk away", and said that he had done so on the past to another coin.

Bottom Line:

Regarding the pre-mine, should we have been more transparent in the beginning.  The short answer: Yes.  However, I will blame myself because I only wanted to protect TorrnA and BTCDdev from any criticism who both put in a ton of work and deserve every BTCD they received from the pre-mine.

In addition, I'm not going to sit idly by while an individual attempts use threats and blackmail to achieve some sense of control and extort funds for their own gain.  This is not in the spirit of what BTCD is all about.  For the most part the development of BTCD has remained mostly "ego" free which is how we'd like to keep it.  If development team members can't agree to this, then they have no place on the development team.

Lastly, yes, we are asking for donations.  Donations are all being carefully recorded and held by TorrnA, who I can vouch for as a very trustworthy individual.  All bounty payments going forward will be completely transparent and divulged to the community.



   
hero member
Activity: 635
Merit: 500
August 24, 2014, 04:48:25 PM
James

I understand your thinking about 'why would people use a knockoff' but i have to say, i think there will be a massive wave of clones once your concept enters public beta. Perhaps this should be a very serious working assumption in the strategic road map.

He's already taken care of that aspect by coding in such a manner that cut/copy/pasters won't end up with a working coin.



Smart dude man Smiley
legendary
Activity: 3556
Merit: 1126
August 24, 2014, 04:36:14 PM
James

I understand your thinking about 'why would people use a knockoff' but i have to say, i think there will be a massive wave of clones once your concept enters public beta. Perhaps this should be a very serious working assumption in the strategic road map.

He's already taken care of that aspect by coding in such a manner that cut/copy/pasters won't end up with a working coin.

sr. member
Activity: 378
Merit: 250
August 24, 2014, 04:34:44 PM
James

I understand your thinking about 'why would people use a knockoff' but i have to say, i think there will be a massive wave of clones once your concept enters public beta. Perhaps this should be a very serious working assumption in the strategic road map.
newbie
Activity: 41
Merit: 0
August 24, 2014, 04:13:00 PM
Highest I have every seen.  This morning it was like 91K so  it changed really fast!!!
legendary
Activity: 1176
Merit: 1134
August 24, 2014, 04:11:43 PM
Network weight was 254K few minutes ago. Highest I have ever seen. Anyone seen more? Looks like more people staking  Roll Eyes
260645!
this is new record as far as I can remember
could it be that 85%+ is staking?



member
Activity: 112
Merit: 10
August 24, 2014, 04:05:01 PM
Network weight was 254K few minutes ago. Highest I have ever seen. Anyone seen more? Looks like more people staking  Roll Eyes
newbie
Activity: 14
Merit: 0
August 24, 2014, 03:32:31 PM
Hello...  Please add http://www.wincoins.today/ to the list of games accepting BTCD.  Compete against other players in our arcade games and win crypto prizes.
legendary
Activity: 1176
Merit: 1134
August 24, 2014, 03:24:44 PM
James and team -- Very impressive. And thank you for all your hard work & community spirit. Read black paper and all threads. Bought a nice starting stack of BTCD just as we were lifting off a few days ago. I'm a long-term holder. Can you point me to the most challenging (=negative) analysis - written by credible devs/investors - to your approach and tech? What are the big concerns/limitations etc?
People have been trying to solve the wrong problem and since Teleport solves the right problem, the big criticism is that I am not solving the wrong problem of making a new crypto algo that is anon. The right problem is how to create a way to use crypto that maintains privacy. This is what I solved, I didnt bother to make any new cryptographic maths as there already existed all that was needed.

It is like there is this giant effort of people who all go off to far and distant places in search of the answer and I just go to the train station where they all left from and find the answer right there! Maybe this makes some peoples angry at me, but I dont care I just want to have nice way of making crypto private and I am lazy to make difficult stuff. I just use what I find, here, there, put them together.

I am still waiting for any actual criticism of Teleport that I am not aware of. The creation/extraction is definitely a concern and we must take great precautions there. We are actively searching to hire a credible dev to do a thorough code review. Of course, if anybody has found any flaws in the DarkPaper, I am hoping they will post so we can address it. If there are no flaws in the overall design and the code implements to that design, then it seems Teleport is nice and solid.

I am iterative coding style, so over time the code improves by using new algorithms if necessary. I dont believe any wholesale changes are needed to the basic design, but I am always making mistakes, so if it is needed, then I just write more code to fix it. Whatever issues are found by code reviewer, I will fix them of course.

So, if anybody knows a credible coder who can do a meaningful review of Teleport, PLEASE contact them. We need this as without it people will just have to trust me, and there is no need for this trustpoint as the source is open, we just need to get a peer review. We will pay reasonable fee for the time spent.

James

Thank you. Fair response. I hope indeed you have had the simple breakthrough idea that we have been waiting for. The tech/code is beyond me to assess, but I am always drawn by the elegant solution to difficult problems. Let's find those peers and get some reviews going - and see what the world says.

Edit: James, just saw your post asking for help in Risto's altcoin thread. Great! I hope someone picks up the challenge.
I thought that was an active thread, but almost 12 hours since my post and not a single new one?
also, the Teleport concept might be simple enough for pirates, it turns out the implementation is quite involved and I had to port over vast majority of MGW code, just for one subset of Teleport. Probably ends up be 20,000 lines of code not counting all the libraries, so simple concept but lots of details

James
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