Where do you get the Idea that BCX is "stating facts that are not in dispute"
?
All of the facts listed are from the fucking auroracoin website and thread.
we know there was a 50% premine. that's on the website.
we know the dev holds the coins. that's on the blockchain.
we know there is no escrow: the blockchain has 21 wallets with the 50% premine coins, and no escrow was discussed by the dev.
we know there' s nothing to stop the developer from dumping coins. There is nothing to stop the developer from using the Air Drop to cover a dump.
we know there's no infrastructure or strategy in place to distribute coins to 300,000+ icelanders, and no comprehensive plan was provided by the dev.
how do you dispute facts that the developer has plainly stated?
For one, they ARE in dispute by many.
This is a problem. If you do not read the thread, and the website put up by the developer, or even worse, you are disputing the developers' own words and investing on what you think the coin should be, you're fucked and you don't know it yet.
It's extraordinary that people spend so little time and effort to research an investment before sinking money into a coin like this.
It's crazy that it's written on the auroracoin website and announce thread, and you dispute the developer's own statements.
Thanks for your elaboration. I still have to disagree with you.
Many of the facts as you describe them are correct. The way BCX has described them however were very suggestive to say the least.
1) Build coin
2) Promote fake good will and pump value
3) Use Air Drop as cover to dump premine.
4) Use tens of thousands of pre-deployed "air drop" wallets to launder coins from premine addresses
5) Make several million USD off the bag holders and retire.
To get back to your list:
1. 50% premine: True and for a good reason
2. Dev holds coins in premined wallets: True and for obvious and detailed reasons
3. No escrow accounts: True and to me that could be an issue, but I explain shortly why it's not anymore
4. There is nothing to stop Dev from dumping: True, but he won't get far and again I have my reasons not to doubt this
5. No comprehensive plan: True, if you havent been doing your homework
So far we agree on a lot. There is another thing a agree on as well and that is that
"It's extraordinary that people spend so little time and effort to research an investment before sinking money into a coin like this" as well as people who chose to bash against things for the same reason.
If you had done your research, you must have figured out by now that there is a serious group in this community that is putting in a lot of effort to create and control the initiative that has been brought to us by the dev. And I happen to be one of them, just read the posts.
One of the reasons I have no doubt anymore is the absolute devoted and serious insights this dev has (and I know from direct contact). Also there is my firm believe that if we take action upon this initiative ourselves (which is exactly what the dev wants) we can be in control.
Just take some time to investigate all the ins and outs and try to imagine what you could do to contribute.