I have refrained from posting in this thread and perhaps I should continue to do so. After all, the more fud that is sprayed out by nomoreheroes, illodin, dasource etc. supposedly the more people will refrain from buying, supposedly bettering my relative share.
However my training in economics gets the best of me when i see things like "Bob Surplus is going to buy 500 coins!" and other such drivel and "buyback" theories being posted.
The original amount of BTC apparently released according to what i saw from the totals in the first (deleted) thread was less than 50 btc. Hardly the sort of money one is going to 'take over' a crowdfunding with. And as an earlier poster pointed out, they could do the exact same thing with their own BTC, at zero risk, if they were thinking this way.
Yet these people come in here - with zero evidence - assert that massive shennanigans are taking place.
My partners and I have taken a satisfactory postion Viral. It suits our current RL network and we believe there is a a lot of potential in such a network, especially one that allows entities approaching DACs to eventually built out on it.
Whether large whales are buying in or not really makes little difference to us. A larger market cap lets Adam G and his team build out the back end of the project faster - and there are other projects with their eye on the prize. So this is a very good thing.
Anyhow, this thread was widely predicted to become a circus of fud as the crowdfunding drew to a close. One would hope that the fudders would take a shot at the actual business model, or the network structure of Viral, or some other relevant topic. But it seems to be just aimed at making large claims without any evidence. Throwing fud at the wall to see what sticks.
Hey,
I think the solution to this is pretty simple. But first, I'd like to point out the concerns. You said nothing would prevent people to use their own BTC to pull this through. Yes, there is: it basically poses the risk on themselves, and their amount of BTC (or the amount of risk they would be willing to put into this - if that theory applies) is limited.
When BTC which are put into the IPO are directly forwarded to the ones running the IPO, they could literally buy as many VIRAL as they'd like:
- send BTC to IPO address
- get an entry in the list of buyers
- BTC are sent back to the buyer
- buyer increases his position in the IPO
- rinse & repeat, over and over
That would be a significant difference to just using their own coins. But as I said: if the theory applies. I don't know it, and I haven't researched it. I don't want to pull this project through the dirt, because I don't know enough.
Now, the solution would be simple: compile a list of the BTC addresses listed in the OP and note how many ingoing transactions show "spent". If nearly all do (or at least a significant amount), then at least the possibility exists that the BTC are already back with those who run the IPO.
Also, please don't always ride that old "without any evidence" horse. IF the funds are already released back to those running it, it would be shady. Nothing more to say here. Did you sleep under a rock in 2014? Didn't you see what happens to IPOs being run on e.g. Bter.com, this crappy shitbooth of an exchange?
That being said, I still don't know if any of all this applies. And I have no intention to check the BTC addresses myself. Can't be bothered to, right now.