Do you or do you not claim 900K to be your (Open Ledger) revenue?
Cause for me it is an arbitrary number loosely related to your revenue ... the same way the total supply of BTS is loosely related to my personal exposure to crypto.
Using a random number of Obits you decide to buy back is highly irresponsible... I will go on to say that the only purpose of such actions must be to mislead the holders of the sad-note tokens regarding revenue and profits as well as muddy the waters of the finances regarding those tokens and your venture.
Staring with that, I just wonder what will be the next thing you do just cause you can do it physically? Issue yourself some new OPENBTC and buy back OBITS with them?
I will rephrase just for you tonyk
935 000 BTS is so far is listed as cashback, and to me this is the profit of OpenLedger as we have decided to cover the costs of Lifetime fees paid of some 532 000 BTS so far elsewhere.
I have at no time tried to hide or say that this is profit coming from anywhere else, and always given links to where I get the figures. The fact that we decide to let the OBITS hodlers who wish to participate in buyback receive as much as possible for this purpose, what is it to you? Where does it say that we have to deduct the costs and only offer the difference. Some people have to deduct their costs before they can deliver the profits to be used for buyback. We have decided to offer as much as possible in this first buyback, and that is our decision, and i asume that no OBITS hodler will argue against this either.
We know we have this as cost, and we have decided to cover that from the OBITS sales, so what is the problem?
And what is this about a random number of OBITS for buyback? There is no random number. The amount of OBITS used for buyback is based on the total profits we are able to deliver at the time of buyback, and as a minimum the cashback mentioned in below link is already a visible amount to consider as a minimum.
http://cryptofresh.com/u/openledger-reg
Dear obits writer,
the cashback you continue pointing to is not your revenue... to say nothing about it being your profit.
It is indeed a randomly chosen number [is it visible - yes, I have never said it was not]. Number you have full control over. You can increase it at will, and do so without any relation to your business or its revenue.
You can talk all you want what expense you have decided to cover with what... but all you are saying [whit such non existing in the real world concepts] is that you have the cash to do so [which no one argues you do].
Looks like you start talking to yourself. Let's make this simple, everybody understand that you think about OBITS, so, thanks for sharing your opinion.
PS:
for your new signature, I like it
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