I personally don't want wolong involved in any way going forward. I want to find a way to claw back the coins, dump them at market, use the BTC to purchase back holdings from IPO investors through rebuying those funds and also dump their panda at market to effectively wipe the playing field and start from zero. The issue, however, is that Artis and Jacob are the ones who are caught in the crossfire - Artis has had no way of even touching his funds given that he is AFK and jacob hasn't touched his either, also consider investors like Molly who effectively bought in at 50BTC at a 25 satoshi IPO value, it will all be wiped, and with all the will in the world, I don't see wolong relinquishing his holdings.
Myself and add1ct3dd have taken a look at wolongs wallet activity and it is clear that he has moved 200mil aside (most likely mollys holdings) and its clear that he has moved a further amount to exchange and is being held there, (thats our guess anyway), likely Mintpal. So it makes our job very difficult, because even if we teamed up with the bigger pools and forced a 51% , it would leave a lot of good people very fucked and we really don't want to cause any more issues or drama with the community given everything that has happened.
I'm personally open to any suggestions that in theory could work, but please know one thing,I PERSONALLY have little authority over what can actually happen given that it is Jacob and Artis who are the core devs and would need to agreee between themselves.
We are obviously distraught that all the hard work, time and effort we have put in was seemingly sabotaged in the window of a few hours and would love to find a way to move past it and regain the community trust.
TLDR: I think the coin would be better without wolong, he adds zero value to the project.
Just my 2 cents
Sev
Jeez... you guys just go from bad to worse. In what world would Wolong allow you to "claw back" his holdings? And what other world would there be a "market" for you to "dump" them on? And that third world where you are going to "dump" the new shares acquired by the previous "dump"? where would that be? And who will these shares be dumped upon exactly? I think you may be having a freakin' breakdown there sevoque.
Your right, there would be no market to dump to in essence it would the coin back in the hands of people who were ready to see us do the right thing with the coin at a cheaper price and switch the balance between the wallet values of the devs and of the users/adopters of the coin.
And also correct, wolong wouldn't do that, i was describing my ideal scenario to fix this That plan does nothing for anybody except extract you out of this mess, so that you can move on. It is time that you manned up and stopped crying in your beer. Besides, that plan is so stupid, even the idiots here wouldn't be fooled by it.
I didn't say that my plan was good and i also stated that it was unlikely to happen and that was open to ideas. I have nothing to be blamed for as I am not responsible for wolongs actions.. even after seeing the last 100 pages of threads you still trying to attack me? No worries.. keep at it
First, you have to accept what happened and move on. Wolong will probably want to pump this coin up for his own gains, but even if he just wants to keep dumping... well, let him. sooner or later, his share of coins will be gone.
Agreed, sooner the better if we are going to be doing anything with the coinSecondly, you have to get up every day and work hard to make this coin a success despite the difficulty. It sucks, it's not the vision you had in mind, and many people will never forgive you, but that is where you are.
Thats exactly what we were doing until wolong decided to dump the market. and yes, it is what it is at this point but it is still not a great situation for anyoneThirdly, you have to keep everyone informed on a daily basis what is happening. How many founders coins are still hanging over everyone's heads, for example. You may not know precisely, but give your best estimate. Also, what are the developers up to? If they have abandoned ship --say so. There will probably be volunteers to step up, especially if they get some of your (and founders coins).
If you had read the post, you can see jacob was saying he is not going anywhere, the other guys are still around but the other guy, Artis, is not aware that anything has even happened given that he has been AFK since launch due to personal matters.. so, there is nothing to say at this point.
This coin was always a stupid idea and I feel bad for the newbie suckers you talked into it. But, you are where you are -- now, at long last, do the right thing. Hand this coin over, faults and all to someone and then move along or stop sniveling and get to work.