Topic: | STRATIS | The first blockchain developed for businesses |Full POS - page 720. (Read 1891114 times)

If the document is true there was an agreement to pay some % (of profits ... ?) from Stratis to Blitz, so that could be construed as special treatment

I think there will always be 6-8 or was it 5 no 10 ppl nono 100 ppl in a slack thought!! I'm happy those 6-8 or 2... didn't get any special treatment and we all got a fair ICO with Chris's brilliant idea in the end.

Option B:
We keep Blitzcoin as is. We make the new blockchain its own Bitalize project that pays a % to Blitz Rewards.  This would mean the BAAS platform is isolated from Blitz. The new platform and blockchain will be developed in an open source manner. so some of the development could flow back into the Blitz Blockchain.

I agree, as making it public would silence those whining babies.

We need to confirm whether this proposal document is authentic asap, if it's genuine this guys revelations about a secret vote among blitz whales isn't exactly FUD anymore (although he did make some offensive accusations against Chris, so should apologise), so the details of any foundation agreement between Chris and Blitz investors needs to be made public IMO.

We need to confirm whether this proposal document is authentic asap, if it's genuine this guys revelations about a secret vote among blitz whales isn't exactly FUD anymore (although he did make some offensive accusations against Chris, so should apologise), so the details of any foundation agreement between Chris and Blitz investors needs to be made public IMO.

So Stratis is Option B:   

What % of Stratis will be paid as Blitz rewards, What was agreed?

First I've heard about any profit sharing agreement between Stratis & Blitz ...

I have a copy of killakem's proposal document, for the sake of clarity I'll post it here.

The choice for blitz executives was much clearer than you remember @Cryptosporidium, the ICO option which became stratis was outlined in some detail, so arguing that killakem tried to mislead the community about his plans for Stratis is complete BS. It was however restricted to just a handful of blitz whales knowing about it, and in retrospect that was a mistake. Every blitz investor should have known what was being planned, and had a chance to vote, but killakem did not conceal his intentions or trick any of the blitz whales.

 Chris aka killakem was the lead dev of Blitz, and if you owned 30k blitz you were entitled to designation as an executive with access to a restricted slack channel. In the first half of 2016 he was active in blitz slack, the roadmap include the TVE fitalise, and earlier the Block Delivery Network. I bought 30k blitz with the promise that that would allow me to run a BDN node and earn revenues from providing the BDN service. You can see what was planned in the original blitz thread which is locked now.

In june2016 chris/killakem made posts in the executive lounge of the blitz slack outlining a proposal. Unfortunately those messages are gone now with the 10k slack limit for messages. He posted a document in the executive lounge that had two options, and he asked for opinions from the +30k blitz holders.

The proposition was this, from memory - chris was committed to blitz as his crypto project, but he was only able to work part time. He proposed starting a new coin with a higher coin cap, letting existing blitz holders swap over to the new coin, with the excess coins being sold in an ico to fund chris so he could work full time on blitz. So what was presented was the same project, blitz, but with two options

1 -no coin cap increase,  no dilution, chris works part time, same blitz roadmap, basically no change
2- new coin with increased coins, blitz swap 1:1,  excess coins sold, chris working full time, BUT same blitz roadmap

I argued for option 2-, but most just saw dilution and voted for 1-

My complaint is this, what chris presented in the blitz executive lounge mentioned nothing about starting a new project stratis, the choice was between part-time chris with no dilution of blitz, or full-time chris with dilution of blitz so coins could be sold in an ico to fund chris. My accusation is Chris did not make it clear that there was a third option, which is what happened - Chris would have an ico anyway for stratis, stopall work on blitz original roadmap, and blitz bag holders would get nothing.

He asked for a 'vote', but didn't stick by the outcome. If the blitz executives knew of option 3, they obviously would have voted for the dilution of blitz, as that would have included the swap. I believe Chris presented his two options knowing people would vote with self interest for no dilution, so he could have the stratis ico without a fair swap for blitz holders. I think he played everyone, and he knew he was going to start stratis, and he wanted a way to avoid doing what jl777 has had to do with btcd swap for komodo.

 I was provably a supporter of Chris and blitz, as I bought 30k blitz and followed the blitz slack daily. I assure you since the stratis ico all activity related to blitz is 100% off the radar. I can find no updates of what is going on, but stratis is obviously Chris' new project, but in june 2016 he was saying blitz was still his main focus, part-time or full-time. I believe he lied, and everything he's done since backs that up.

We will soon be announcing our next project. A Blockchain-as-a-service cloud platform, that will provide simple one click provisioning of btc, eth, nxt, bts etc blockchain nodes like the other baas providers. The new platform will offer private chains for developers and businesses to develop and test applications on their own private blockchain with customized specifications. These private chains will be pegged to the platforms parent blockchain and will utilized merged POS mining with elected nodes mining blocks for the private chains. This will remove the requirement for mining, seed nodes etc, while allowing customers of the platform to scale up or scale out. The aim is to significantly reduce the time required for developers and businesses to develop, test and deploy Blockchain solutions.
This BAAS Solution will have its own Blockchain, the private blockchains will be side chains off the parent blockchain with a 2 way peg in place.
To raise funds for the development and marketing, and to allow killakem to work full time on the project, we will have an IPO. This presents us with 2 options for Blitz holders:

Option A:
The new blockchain would have 24 million coins. The existing 4 million Blitzcoin would be exchanged for the IPO token. Then the other 20 million coins would be sold during the IPO. All of the funds raised would go into the development of this new parent blockchain, platform development and marketing. This platform will require elected nodes to secure the side chains, Blitz execs will have the first choice for operating one of these nodes, if option a is selected.
Please note these are example figures and this new blockchain is likely to have a higher coin supply.

Option B:
We keep Blitzcoin as is. We make the new blockchain its own Bitalize project that pays a % to Blitz Rewards.  This would mean the BAAS platform is isolated from Blitz. The new platform and blockchain will be developed in an open source manner. so some of the development could flow back into the Blitz Blockchain.

Wow, good exposure for the team and the project. What is Stratis team presenting to the public this time?

so a few questions about staking, whats the average time to receive any coins from staking, days, and the ROI atm i got a massive 53 coins and showing +400 days before i'll receive a "reward" which is what exactly? I been around POS coins before so any help would be appreciative.

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PS

Just to clarify in a single sentence, Straits is basically bitcon core running on C# with sidechains and Segwit enabled and uses these coins as "gas" to run contracts?

Thanks again..

Here's an auto invite to Stratis slack, just enter your email address for an invitation link.

https://stratisinvite.herokuapp.com/

Can anyone provide me with a link for the Team Administrator for Slack - Stratis? I want to join but there's no administrator contact info on the Stratis website??? Thanks!