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Offline AdamBLevine

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Pre-Mine concerns
« on: January 07, 2014, 07:14:23 PM »

How many MMC were given in the Genesis block to MMC addresses you control directly or indirectly?  We don't care about how much you have now.  Just how much you started with?


You have stated that if someone voted you out as CEO and did things you didn't like, you would quit as a developer. 

How much would you pay someone, in whatever currency, to do your Job?

I'll write the answers out and you fill in the blank.

1.  After block 1 and before block 2 of MMC I had     coins.

2.  If I had to hire someone to do my job, I would pay them           per year.
« Last Edit: July 12, 2014, 10:15:46 AM by FreeTrade »
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Offline dimiro

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Re: Adam B Levine's concerns
« Reply #1 on: January 07, 2014, 07:18:27 PM »
I've noticed a correlation between Newmine winning votes and price decreases.

The value recovers somewhat when useful candidates win the positions back, but not quite as much as the drop.

Looks like we've got some serious CMO contenders - hopefully an active CMO can help the market value of the coin.

So to translate this, it's not your fault, you didn't mean to do it (vote with 40k premined coins), you'll never do it again, and you're not willing to disclose how many MMC you gave yourself in the Genesis Block of memorycoin 2, or what a year of support from you for your project would cost.   

I've asked literally four times and you have yet to do anything but quote yourself saying if you were voted out as CEO you would quit unless you decided it was really worth it. 

Here it is one more time since you seem to keep losing track of my questions.

If the only price is a project you believe in, are you willing to put all your how about just 75% MMC into development bounties paid to other developers in exchange for a guarantee you'll be able to guide the coin as you see fit?  Somehow I think the speculative upside has your attention too.

It would be great if you addressed the parts that actually matter instead of just responding to semantics.



Lets assume you spent 1 month of full time work adapting Protoshares (which you were paid to develop) to MemoryCoin.   What do you think is a reasonable amount to pay you for that time in US dollar terms.   What would be a compelling US dollar amount worth of pay be to convince you to give support to your project for say, a year?   

and are you really comparing yourself to Satoshi with regards to holdings?   He could easily answer this question, he did not give himself any advantage or number of Bitcoins in the Genesis block of Bitcoin.   That is not true of MemoryCoin, and yes you gave some of those coins to other people but many of them went to you or addresses you control.   To be clear,  you are not willing to publicly share how many MemoryCoins you gave yourself in the Genesis Block of Memorycoin?


ouch..

Offline FreeTrade

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Re: Adam B Levine's concerns
« Reply #2 on: January 07, 2014, 07:26:24 PM »
All these questions are answered here -
https://bitsharestalk.org/index.php?topic=2288.0


Try to stay on topic please Adam. I've responded to your questions already - please don't try to take every thread off topic because you're not getting what you want.
« Last Edit: January 22, 2014, 04:40:57 AM by FreeTrade »
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Offline MegaFarmer

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Re: Adam B Levine's concerns
« Reply #3 on: January 07, 2014, 07:33:10 PM »
Try to stay on topic please Adam. I've responded to your questions already - please don't try to take every thread off topic because you're not getting what you want.

1.: The title of this topic is: Adam B Levine's concers. So Adam's post could not be more ON topic.
2.: You have responded to Adam's questions, but that is something different than ANSWERING them.
3.: Adam is not getting what he wants because all he wants is answers from you.
4.: Can we please get a decent CEO on this coin that can say more than "it isn't my fault, it's them"

Offline FreeTrade

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Re: Adam B Levine's concerns
« Reply #4 on: January 07, 2014, 07:35:20 PM »
No, Adam posted this on another topic. I split it so that we could collect all issues related to it in once place.
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Offline Velocd

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Re: Adam B Levine's concerns
« Reply #5 on: January 07, 2014, 07:36:38 PM »
Try to stay on topic please Adam. I've responded to your questions already - please don't try to take every thread off topic because you're not getting what you want.

In reading the thread that those quotes were from you didn't answer anything other than you would not dev for the coin if you were sacked unless you approved of the coins direction.

Are you willing to donate a large portion of you MMC2.0 for development bounties? and What do you think is a reasonable amount of pay to support your project for a year would be?

Those are still unanswered

Offline jae208

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Re: Adam B Levine's concerns
« Reply #6 on: January 07, 2014, 07:40:46 PM »
Imagine big banks saying ,"it wasn't me" back in 2008
Oh wait...

A cryptocurrency or similar technology should not have paid CxO officers that are paid in advance ESPECIALLY if officers had premined beforehand.

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Offline isaacgoldbourne

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Re: Adam B Levine's concerns
« Reply #7 on: January 07, 2014, 07:42:59 PM »
Adam, I don't think you understand how this works. You mention people getting paid 1000s of bitcoins a year assuming a price of 0.2btc each but by that point the payout will be far lower. Instead of trying to be productive you just moan on the forums without making any serious proposals.
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Re: Adam B Levine's concerns
« Reply #8 on: January 07, 2014, 07:45:56 PM »
Instead of trying to be productive you just moan on the forums without making any serious proposals.

a huge +1 on that.

Offline jae208

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Re: Adam B Levine's concerns
« Reply #9 on: January 07, 2014, 07:47:20 PM »
When I'm removed as CEO, as will happen sooner or later, I'll have to decide carefully whether its worth my while volunteering efforts in an emeritus role. It'll depend on the new CEO and team and whether they're leading in the right direction. That's the price - a project that I believe in.

Yes
Let's use the power of the vote. Let's use our voting power to fix the fiat monetary system.
Let's vote for Obama because we believe in change.
Let's vote for a Republican that will balance the budget and bring down debt like Bush did.

I think MMC takes innovation backwards rather than forward...
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Offline AdamBLevine

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Re: Adam B Levine's concerns
« Reply #10 on: January 07, 2014, 07:51:20 PM »
I'm not asking how many MMC you have in your wallet.  I'm asking what is the number of MMC that you granted yourself direct or indirect control of as codified in the Genesis block.  There is only one right answer to this, and frankly if you're not willing to tell the users of your currency how many you gave yourself when you launched the thing how can you ever expect people to trust you?   How about a percentage of the coins generated in the genesis block, what 40%?  50%?

As mentioned before, these remain unanswered

How much time did you spend converting Protoshares to Memorycoin?  I assumed a month of full time work, but I would be happy if you would correct that to the real number.   In exchange for that work you did, since you do not consider the value of the coins moving forward what is the US dollar amount you feel compensates the work you've done on Memorycoin to this point if you were voted out today as CEO and decided to quit.   At what level of compensation would you feel "Well, that was a fair deal"

What would it cost in US dollar terms for the community to secure your support and development of your project for a year starting next month.

Since you have stated the only payoff you need is a project you believe in, would you be willing to devote 75% of your MMC holdings to the funding of Bounties that fulfill your vision of all that Memorycoin can be? 

At this point, seems like you're more likely to quit than actually clear the air.  Good news is you might have so many MMC you can't be fired this time :)
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Offline AdamBLevine

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Re: Adam B Levine's concerns
« Reply #11 on: January 07, 2014, 07:56:01 PM »
Adam, I don't think you understand how this works. You mention people getting paid 1000s of bitcoins a year assuming a price of 0.2btc each but by that point the payout will be far lower. Instead of trying to be productive you just moan on the forums without making any serious proposals.

I provided a range with the pay at current prices relative to the pay at higher MMC prices.  Point was, it's a pretty good job considering you don't have to do anything because there is no way to quality control the work before you've paid the applicant in advance quite well.   

And I did not talk about that in this thread, please try to stay on topic.  Here the questions are very clear - How many MMC did FreeTrade give himself in the Genesis block, how much is a month of his time working on a project that is close to his heart worth, and what would it cost for the community to secure his development services for a year.   As has been discussed before, the last time he abandoned a coin, you know, MemoryCoin 1, it was after being ousted by coinholders and the coin then died.   His stance about MemoryCoin 2 (thats the coin you've got now) is that he'll develop so long as he is the CEO and wants to.   If at any point for any reason he stops believing in the project, he'll think about leaving.   

If you're comfortable with that kind of situation this seems like the coin for you.  Meanwhile, they are real questions that deserve real answers and I'm still waiting.
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Offline isaacgoldbourne

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Re: Adam B Levine's concerns
« Reply #12 on: January 07, 2014, 08:22:20 PM »
Adam, I don't think you understand how this works. You mention people getting paid 1000s of bitcoins a year assuming a price of 0.2btc each but by that point the payout will be far lower. Instead of trying to be productive you just moan on the forums without making any serious proposals.

I provided a range with the pay at current prices relative to the pay at higher MMC prices.  Point was, it's a pretty good job considering you don't have to do anything because there is no way to quality control the work before you've paid the applicant in advance quite well.   

And I did not talk about that in this thread, please try to stay on topic.  Here the questions are very clear - How many MMC did FreeTrade give himself in the Genesis block, how much is a month of his time working on a project that is close to his heart worth, and what would it cost for the community to secure his development services for a year.   As has been discussed before, the last time he abandoned a coin, you know, MemoryCoin 1, it was after being ousted by coinholders and the coin then died.   His stance about MemoryCoin 2 (thats the coin you've got now) is that he'll develop so long as he is the CEO and wants to.   If at any point for any reason he stops believing in the project, he'll think about leaving.   

If you're comfortable with that kind of situation this seems like the coin for you.  Meanwhile, they are real questions that deserve real answers and I'm still waiting.
From what I have found by searching addresses freetrade has approx 80,000 MMC, not that unreasonable as far as I am concerned.

No applicants so far have elected just because of their promises, they have all done something already to deserve that position.
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Offline AdamBLevine

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Re: Adam B Levine's concerns
« Reply #13 on: January 07, 2014, 08:26:04 PM »
Adam, I don't think you understand how this works. You mention people getting paid 1000s of bitcoins a year assuming a price of 0.2btc each but by that point the payout will be far lower. Instead of trying to be productive you just moan on the forums without making any serious proposals.

I provided a range with the pay at current prices relative to the pay at higher MMC prices.  Point was, it's a pretty good job considering you don't have to do anything because there is no way to quality control the work before you've paid the applicant in advance quite well.   

And I did not talk about that in this thread, please try to stay on topic.  Here the questions are very clear - How many MMC did FreeTrade give himself in the Genesis block, how much is a month of his time working on a project that is close to his heart worth, and what would it cost for the community to secure his development services for a year.   As has been discussed before, the last time he abandoned a coin, you know, MemoryCoin 1, it was after being ousted by coinholders and the coin then died.   His stance about MemoryCoin 2 (thats the coin you've got now) is that he'll develop so long as he is the CEO and wants to.   If at any point for any reason he stops believing in the project, he'll think about leaving.   

If you're comfortable with that kind of situation this seems like the coin for you.  Meanwhile, they are real questions that deserve real answers and I'm still waiting.
From what I have found by searching addresses freetrade has approx 80,000 MMC, not that unreasonable as far as I am concerned.

No applicants so far have elected just because of their promises, they have all done something already to deserve that position.

Only Freetrade can answer this question unfortunately because he's the one who built the Genesis Block and only he knows how many addresses he controls.   Your speculation is as good as mine, which is not very good at all.

I'm not asking about the positions, I think it's very clear what I feel is important to know.
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Offline AdamBLevine

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Re: Adam B Levine's concerns
« Reply #14 on: January 07, 2014, 08:32:05 PM »
So Freetrade, now that you cleaned out my posts from other threads and compiled them here, do you have any intention of answering?   
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