Personally I am still on the fence, counting my nickels.
However the kerfluffle about "released BTC" seems rather silly to me.
If the Dev team was inclined towards "using the incoming BTC to buy the rest of the crowdfund" - - they could do the exact same thing by simply using their own btc "to buy the rest of the crowdfund". It all ends up in the same place - with the dev team. With a total of 100 btc so far it's not exactly a huge amount.
And even if they were doing something silly like that it would be pretty obvious when the crowdfund is over and everyone can see who bought, in the crowdfund meetings etc.
That behavior would come to light before the ICO played out. So they would be shooting themselves in the foot doing something like this.
What seems more likely is that the newfound indignation about "released BTC" is the first attempt by some person ( or group of persons) during the last 24 hrs of the crowdsale to spin the percentages of the final amount and come out on top, as one of the 10 top buyers with the very attractive resale clause.
My guess is there will be more of these attempts here during the remaining hours. One would hope the attempts would be a bit more fleshed out, at least for the entertainment value.
I am also skeptical that we have seen the last of the list updates. I bet we see one more.
Let me just explain where you have this wrong my dear friend.
There is no rest of crowdfund because there is no limit, only total coins 2.5 million divided by btc invested X 2 (ico 1 + ico 2).
The more they rinse the btc through the more they own and the less investors own.
Pushing initial marketcap up and raising the chances of severe dumps when it officially launches.
Don't forget they will attempt to sell this at +30% on an exchange once forum ICO has ended.
The higher they push it now the more they stand to gain on ICO round 2 on an exchange.
Will be my last post in this thread, it's sad they dragged BayAreaCoins into such a vulnrable / questionable scenario.
Wow, one of the paid fudders responded to my post. I am so complimented.
Let me explain to you why you need to up your game when it comes to fud.
1)There is a "rest of the crowdfund" and there is a limit. It is the remaining 2.5 million coins.
2) Rinsing statement: somewhat confused and mathematically circular. Somehow the investors disappear....? Not sure what you are trying to do other than work the word "rinse" into a sentence.
3) High marketcap is obvious goal of any startup. "raise chance of severe dumps ...? " your logic please? People who are buying are looking to either hold or profit or both. This is where I am making my descision today.
4) The crowdfund is a price discovery mechanism. How much the public chooses to by on ICO is also a market cap discovery mechanism. Taken together, both these processes establish the opening trading level when Viral hits the exchange.
5) Your dramatic farewell and crocodile tears for BayAreaCoins are noted. But I am quite sure he is a big boy and can run his own life. And anyhow, he is an escrow agent. By definition that means he is not 'dragged in' to anything. He is impartial.
Anyhow, good luck with the rest of your fudding. Pro tip: make sure you collect from your employer before he reads your posts. : -)