Changing the terms of the crowdsale while it is running is tantamount to fraud itself. They initially created such a steep and rapid decline in exchange rate being offered that it only made sense to invest in that first week before it started dropping like a stone by half each week.
They had a rush of interest in that first week from people wanting to catch the 1000 per bitcoin deal and then were clearly afraid that the drop off would cause people to think they'd missed the boat, so instead changed the terms of the sale and extended the one week limit to two.
That's unfair to those who bought in that first week thinking they'd get a good deal when suddenly there was a load of PR touting about the success of that first stage and, lo and behold, we now find there's another week at the same rate!
Absolutely criminal. No, seriously, it is actually criminal.
My theory is that they're going to throw some money at Dengo Systems to get them to stitch together some open source projects and rebrand them so they can claim delivery and leave the rest of the work to the fucking 'DeOS Foundation'. They already said weeks back that the not-an-ICO-but-a-crowdsale was going to be used to pay developers to 'improve' this DeOS before releasing it. Funny how he had already claimed in January of last year that they had 27,000 users actively using it though. You'd think it was, you know, in a usable condition then, what with him crowing about a not-insignificant number of members of the public USING it 20 months ago, so why isn't accessible to the public now?
Still, they've broken that many UK financial laws in their quest to collect investment funds (Jawad, your token fails the Howey Test big time, so it is a security no matter how much you wanted to insist you were just selling software) I can't see them getting a completely free ride out of this fraud. Give it time.
Jawad was asked in one of the interviews where the money for this 'Five Million-Euro Blockchain Bank' was coming from and was directly asked if it was being funded by the money from this ICO and he squirmed and fluffed his words as he pretended like the money was going to come from their own resources.
http://www.benzinga.com/pressreleases/16/09/p8434566/razormind-to-open-blockchain-headquarters-in-belfast-12-bitcoin-jobsGlobal computing firm Razormind has chosen to locate their European Headquarters in Belfast creating 12 jobs, 20 paid internships, a new blockchain lab, and installing 10 BitCoin ATMs over the next 12 months. The offices will be located in The Scottish Provident Building, next to City Hall. Razormind currently has European sites in London, Paris, and Munich for which the Belfast HQ will take a leading role.
Razormind doesn't have the money for this, their DeOS ICO, however, has several thousand bitcoin.
I wonder if the people who fell for this con would be happy to learn that the several thousand Bitcoin they invested aren't actually committed to the development of this DeOS software.
BTW a leading 3 in the wallet address denotes multisig, so it is possible somebody with an ounce of understanding of the seriousness of this fraud will stop the whole process until the actual facts, rather than Jawad and Phil's fevered imagination, can be established. There is still time to let the investors learn of the true state of Razormind, DeOS and how this ICO was fraudulently staged, so they can choose whether they wish to have a refund.
