Topic: VLT | Veltor | Donar Network | Minimalism. - page 6. (Read 141346 times)
You fudders do realize that it would benefit everyone to have a successful ico? I am baffled why do you guys want to sabotage it by throwing scam accusations?
No
I like the approach. i think it's very professional when you weight in all the aspects.
Fast forward to 15/05/2017
Pity the fools who bought this shitcoin and got screwed.
Someone is buying thousands of VLT on yobit 
*Clap clap*. You probably passed your coins to new bagholders.
I like the approach. i think it's very professional when you weight in all the aspects.
LOL. So, with the new ICO the current veltor coins are only worth 5% of the project. That's a big FU. 
I have the feeling things have gotten a bit out of hand and some people are letting their emotions get the better of themselves, so let me clear some things up.
1) It is true that we wanted to sell some Veltor when the price was doing well to contribute to our funding of the foundation. However, not much later, the first dumps happened, and rather than selling any, I personally actually bought some more. I will check with the team whether we are willing to publish all of our addresses to confirm this.
2) I put my name behind this, and Alex put his name behind this, because we fully believe that not only will we make any investor whole, everyone will be better off long term. There is no haircut if holders get to keep their value and get a share in a project that has more resources and a much higher potential of success.
3) All of the funds raised in the ICO will go to an officially created foundation in Switzerland, with a clearly defined mission. I'm not sure if you are aware of how foundations work, but once you put the funds in, it's a non-profit organization and you can't legally use them for anything else. Nobody will personally profit from this.
4) The video interview was a bit of a stupid idea. Honestly, someone in the team accepted it before thinking it through, and then we had to somehow do it. We had none of the current plans and were simply playing a character of what was still a hobby project. We were trying to have a bit of fun, and in a way we did, but looking back, we probably shouldn't have done it.
5) It is fair to be upset, but what I think goes a bit far is personally threatening the people involved in the project. The team has put many months into Veltor, with no reward and no financial support. We invested tens of thousands of euros of our personal money for equipment and partnerships. There are two sides to this story.
In the end, the technical vision of the project has grown far beyond what was initially envisioned. In order to get there, we need serious funding. Otherwise, the project has no future and will die. If that's what you want to happen, that is what will happen. However, I think this would be the worst outcome for everyone involved when there is so much potential.
I see the biggest misalignment between the team's perception and the community's perception in what they think the potential of the project is and what is possible in terms of an ICO fundraiser. Of course, if you assume we can't raise much, then you think you are being scammed. It is our sincere belief, however, that no one will end up losing any value.
It is our fault for how communications on the project were handled, and when we did the Jason reveal, it was precisely because we have every intention of changing that. This is why we asked for a couple of weeks to let us roll out the updates. We could have done the ICO reveal later, but we did not want to keep anyone in the dark once the decision was taken.
We did fully expect some negative blowback, but the kind of things that are being said go far beyond what we thought a reasonable reaction would be. Again, we are a number of people dedicating their free time with nothing in return, to a project we started out of a passion and with an idea to create something extraordinary. I think this goes a little bit too far.
1) It is true that we wanted to sell some Veltor when the price was doing well to contribute to our funding of the foundation. However, not much later, the first dumps happened, and rather than selling any, I personally actually bought some more. I will check with the team whether we are willing to publish all of our addresses to confirm this.
2) I put my name behind this, and Alex put his name behind this, because we fully believe that not only will we make any investor whole, everyone will be better off long term. There is no haircut if holders get to keep their value and get a share in a project that has more resources and a much higher potential of success.
3) All of the funds raised in the ICO will go to an officially created foundation in Switzerland, with a clearly defined mission. I'm not sure if you are aware of how foundations work, but once you put the funds in, it's a non-profit organization and you can't legally use them for anything else. Nobody will personally profit from this.
4) The video interview was a bit of a stupid idea. Honestly, someone in the team accepted it before thinking it through, and then we had to somehow do it. We had none of the current plans and were simply playing a character of what was still a hobby project. We were trying to have a bit of fun, and in a way we did, but looking back, we probably shouldn't have done it.
5) It is fair to be upset, but what I think goes a bit far is personally threatening the people involved in the project. The team has put many months into Veltor, with no reward and no financial support. We invested tens of thousands of euros of our personal money for equipment and partnerships. There are two sides to this story.
In the end, the technical vision of the project has grown far beyond what was initially envisioned. In order to get there, we need serious funding. Otherwise, the project has no future and will die. If that's what you want to happen, that is what will happen. However, I think this would be the worst outcome for everyone involved when there is so much potential.
I see the biggest misalignment between the team's perception and the community's perception in what they think the potential of the project is and what is possible in terms of an ICO fundraiser. Of course, if you assume we can't raise much, then you think you are being scammed. It is our sincere belief, however, that no one will end up losing any value.
It is our fault for how communications on the project were handled, and when we did the Jason reveal, it was precisely because we have every intention of changing that. This is why we asked for a couple of weeks to let us roll out the updates. We could have done the ICO reveal later, but we did not want to keep anyone in the dark once the decision was taken.
We did fully expect some negative blowback, but the kind of things that are being said go far beyond what we thought a reasonable reaction would be. Again, we are a number of people dedicating their free time with nothing in return, to a project we started out of a passion and with an idea to create something extraordinary. I think this goes a little bit too far.
Your ICO is dead in the water without a fair deal try to get that fact.
50% is the minimum you can expect prior investors to take. That is meeting you in the middle.
...snip...
Not going to bother responding directly to all of that as most of it is just blathering away with things that, at the end of the day, are meaningless.At some point there was a significant change in the manner in which the team communicated with the community. It suddenly became "polished" which is not something you typically see from developers, but rather from organized groups. Despite all the supposed work that has been done, there is not even a preliminary white paper or any sort of "detailed" outline of the technical plans... Instead, there's a post about how there's going to be a piece of hardware people can buy, and the following week an announcement of an ICO. For those of us that have been around here awhile, it all starts to smell like the project is in the hands of a pump and dump type group as opposed to real developers. Developers who believe they're creating something revolutionary etc are more interested in communicating that vision and getting it in the hands of the public as opposed to selling hardware and ICOs.
You are right that as time went along, people joined the team and supported our vision. But saying that it all was pretensed for a pump and dump is just an accusation that is contradictory, as an ICO wouldn't make sens if we accept your version of the story for a moment.
Project Sinni is a side project, the main aim here is to support the network, the way it is layed out, it makes sens to have dedicate nodes, which will be cheap and power efficient. Especially with the nature of the project where the up-time of nodes is critical. If you scroll back a few replies,you'll see that a white paper and a test net client are planned for release before the ICO.
Perhaps I should have clarified. At one point it felt like the project was some actual developer type people albeit naive and inexperienced. Given the change in communications etc, it smells like it's been taken over by those who could be a pump and dump group. It has all the earmarks of one.
Even if it's not a PnD group, announcing a hardware product followed up by an ICO with a 5% swap says that the group now in charge is more interested in money and not about the fundamental tech/project. The 5% swap says that they don't care one little bit about anyone that will invest in the project and that includes those that would buy the ICO.
Let's just sum it up this way. This project is extremely high risk and it's far, far more probable that anyone putting money into it will end up losing it and the project being a failure. Just on it's own it's a high risk project without taking into account anything else.. The only "smart" thing the group has done is slapping the community now so they have time for the stink to subside by the time they finally do the ICO.
Edit: Are you part of the team? Cause you're talking as if you are and have information others don't.
I'm going to throw the towel and take the loss. The way Veltor changed the conditions of the coin swap is disgraceful.
Good luck raising your millions.
Good luck raising your millions.
...snip...
Not going to bother responding directly to all of that as most of it is just blathering away with things that, at the end of the day, are meaningless.At some point there was a significant change in the manner in which the team communicated with the community. It suddenly became "polished" which is not something you typically see from developers, but rather from organized groups. Despite all the supposed work that has been done, there is not even a preliminary white paper or any sort of "detailed" outline of the technical plans... Instead, there's a post about how there's going to be a piece of hardware people can buy, and the following week an announcement of an ICO. For those of us that have been around here awhile, it all starts to smell like the project is in the hands of a pump and dump type group as opposed to real developers. Developers who believe they're creating something revolutionary etc are more interested in communicating that vision and getting it in the hands of the public as opposed to selling hardware and ICOs.
You are right that as time went along, people joined the team and supported our vision. But saying that it all was pretensed for a pump and dump is just an accusation that is contradictory, as an ICO wouldn't make sens if we accept your version of the story for a moment.
Project Sinni is a side project, the main aim here is to support the network, the way it is layed out, it makes sens to have dedicate nodes, which will be cheap and power efficient. Especially with the nature of the project where the up-time of nodes is critical. If you scroll back a few replies,you'll see that a white paper and a test net client are planned for release before the ICO.
...snip...
Not going to bother responding directly to all of that as most of it is just blathering away with things that, at the end of the day, are meaningless.At some point there was a significant change in the manner in which the team communicated with the community. It suddenly became "polished" which is not something you typically see from developers, but rather from organized groups. Despite all the supposed work that has been done, there is not even a preliminary white paper or any sort of "detailed" outline of the technical plans... Instead, there's a post about how there's going to be a piece of hardware people can buy, and the following week an announcement of an ICO. For those of us that have been around here awhile, it all starts to smell like the project is in the hands of a pump and dump type group as opposed to real developers. Developers who believe they're creating something revolutionary etc are more interested in communicating that vision and getting it in the hands of the public as opposed to selling hardware and ICOs.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
THESE CUNTS WERE THE ONES WHO WERE DUMPING
THEY FUCKING DUMP ON THEIR "INVESTORS" AND THEN HAVE THE CHEEK TO SAY THE FOLLOWING:
FUCK YOU
ONE OF THE SCAMMERS: MAX WOLTER AKA awishformore
https://twitter.com/awishformore
https://www.linkedin.com/in/max-wolter-60135871
wow! That explains that massive sell off. I had initially put it down to BTC getting pumped but it's now obvious they knew that the community would react adversely to these news. Will never trust anyone associated with veltor ever again. My 2 BTC investment is now literally worthless.
okay now we have for a fact that they dumped the coins.
oh and whats with the guy with the pantyhose on his head? is he supposed to be sexual slave or something?
SNIP
you screw people who believed in you and fought your corner and then you say people are being "emotional"?
what do you expect?
your little shenanigans have seen some people lose 80% overnight because of your greed.
you are just trying to jump on the ICO bandwagon to line your own pockets.
If your tech is that extraordinary, you should build it first and then the money will follow.
right now, the people behind veltor are just coming across as a bunch of greedy pigs who have no respect for the people who supported them initially.
without a supportive community, your little endeavour is as good as dead.
well done.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
THESE CUNTS WERE THE ONES WHO WERE DUMPING
THEY FUCKING DUMP ON THEIR "INVESTORS" AND THEN HAVE THE CHEEK TO SAY THE FOLLOWING:
FUCK YOU
ONE OF THE SCAMMERS: MAX WOLTER AKA awishformore
https://twitter.com/awishformore
https://www.linkedin.com/in/max-wolter-60135871
wow! That explains that massive sell off. I had initially put it down to BTC getting pumped but it's now obvious they knew that the community would react adversely to these news. Will never trust anyone associated with veltor ever again. My 2 BTC investment is now literally worthless.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
THESE CUNTS WERE THE ONES WHO WERE DUMPING
THEY FUCKING DUMP ON THEIR "INVESTORS" AND THEN HAVE THE CHEEK TO SAY THE FOLLOWING:
FUCK YOU
ONE OF THE SCAMMERS: MAX WOLTER AKA awishformore
https://twitter.com/awishformore
https://www.linkedin.com/in/max-wolter-60135871
Which idiot will invest in your new project when you have failed your old project ?
WOW they were trying to offload VLT otc!! With full knowledge that it was going to be worthless. That is the smoking gun right there. Keep all this and show when they emerge for their ICO.
no matter how revolutionary their supposed "tech" is, they seem to be forgetting that it's the users who will either make or break their "coin"
and if you alienate the community from the very start, then your "project" is dead.
you idiots had a god thing going but you got greedy.
and if you alienate the community from the very start, then your "project" is dead.
you idiots had a god thing going but you got greedy.
It's funny.. The way the sunday updates were going, the way they were worded etc, I had this gut feeling that some ICO was on the way and here we are.
I've reviewed the code on GitHub and all the messages of those involved since day 1. There's no white paper from which to judge if they even have a clue (and the skill, technical knowledge and cryptography background) as to what they're doing or if this is now being run as a "hype" project. There's not one single crypto coin that has solved all of the various issues in this area. Without being able to see if this coin is at least trying, or is even aware of all the various flaws is very important. So knowing all this and how massively risky it is to be developing something like this completely from "scratch", I certainly won't be getting involved in this project. It might be worth day trading but that's about it. Good luck to all of those that decide to throw the dice and accept the risk regardless.
I've reviewed the code on GitHub and all the messages of those involved since day 1. There's no white paper from which to judge if they even have a clue (and the skill, technical knowledge and cryptography background) as to what they're doing or if this is now being run as a "hype" project. There's not one single crypto coin that has solved all of the various issues in this area. Without being able to see if this coin is at least trying, or is even aware of all the various flaws is very important. So knowing all this and how massively risky it is to be developing something like this completely from "scratch", I certainly won't be getting involved in this project. It might be worth day trading but that's about it. Good luck to all of those that decide to throw the dice and accept the risk regardless.
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