This is copied from a Steemit post on kencodes blog... Probably the reason behind the torching of BlockPay's market cap today.

"
@Chris4210 where are you?
Today, my claws come out. I invested my entire life savings into those BLOCKPAY tokens because you promised us that we would get to “share in the rewards from BlockPay transactions as well as value increases from products built by the Company”.
My life savings: http://cryptofresh.com/u/kencode
Your promise: http://cryptofresh.com/a/BLOCKPAY
(more promises found on reddit, facebook, twitter, linkedin and more)

The past couple weeks, Development has come to a crawl Chris, this is very damaging as my Developers and I have no idea where the money is. I heard you were starting another company with xeroc and some shark named constantin. Is that true? I even got word that you had my company formally Appraised? Is that true?

I have still not been paid my salary, my bills are past due now, my babies are hungry and you know I sure as hell can’t afford a lawyer to track you down. Barely 2 weeks ago you emailed me and said “Current reserves are around 540 BTC + 25k Euro on Bank account”. Really?

If that is true, then where is all that money?! I see you have been recently taking out hundreds of thousands of dollars, where did all that money go?!
https://blockchain.info/address/37jDFfS9WJEPL33YivJbnjfQQNU5RjFWFY

How the hell are we going to be able to continue launching crypto products with no money Chris? A Bitshares Worker Proposal? Your investors never agreed to that!

You agreed (multiple ways) that you would stop trying to take charge of my Developers and Rodrigo’s marketing team too. I guess you fail to remember him yelling at you and hanging up on you?? Even emailing you and telling you to stop it. Obviously that contract has also been breached. My Developers said that you contacted them and stated that you are in charge now and I am leaving my own company? Is that true?!

You agreed (in person with your lawyer/father, and via email) that if more than $2000 was to be expensed that you would get my permission first! Where is the money?!

Your investors deserve to know what I am building, every single week, at a minimum. People love it when I post my weekly technical reports and I will not stop writing them and posting them online to show off what we’re building (including links to our github commits). Apparently, because of this, a couple weeks ago your excuse was “you leave us with no choice but to stop all sales and marketing activities immediately” as if my reports were somehow damaging my own company. You’re kidding, right? If you quit, then why did you start flying around the world on a “BlockPay World Tour”? 1,095 Bitcoins wasn’t enough for you? Now I find out that you are hiding out somewhere in China with your girlfriend. WTF?!
Our commits: https://github.com/kenCode-de?tab=repositories
1,095 Bitcoins: https://blockpay.ch/newsroom/investor-relations/blockpay-reserves/

There are currently 762 of us who have trusted you!!!! I’ll be damned if you’re going to steal all of the STEALTH tokens I bought for my company too.
Holders: http://cryptofresh.com/a/BLOCKPAY
STEALTH tokens: http://cryptofresh.com/u/bitshares-munich

Attempts to contact you and settle this matter by email, SMS and Telegram have failed. Hopefully this steemit post reaches you. You have left me no choice but to contact the Authorities.

Chris, I was building crypto products before I even met you and refuse to let you destroy my company like this. I gave you 49% of BitShares Munich so that you would pay the bills, and get out there and start marketing the products that I built and continue to build (well, not as of late, obviously).

Going public with this is the right thing to do, as transparency is required Chris! Of course this may damage the value of our BLOCKPAY tokens for a bit, but you have left me no choice. As you are well aware, I have always fought for my rights and I will do so once again. As an activist, I assure you I will not stop until you honor the contracts you have made with us, let us see your accounting, pay all of our invoices, answer my questions above, and settle this with me immediately. Since you Follow my blog here on steemit.com, we all know you have been notified. Just as before, I will also send you this notice via email, SMS and Telegram.

More posts to come. Stay tuned, this may get bumpy."

We have been frequently told that BTS is this great platform to build business's on, but so far we havn't seen any examples of that.  Yes there is Muse, but that hasn't launched and it's a separate chain.  Same thing with identabit.  We were told CCEDK would utilize bts for their back end, but that also hasn't happened.

I know it's only been 3 months since launch, but why have we not seen 1 implementation yet?  We've seen announcements, but those either failed or have gone dark.  If this platform was so great, wouldn't CNX find way to use BTS in a more integral way, other than using worker proposals to aquire funding?

OPENPOS is probably the closest we have gotten to something exclusively using BTS, but even that isn't using BTS as it's "backbone".

When we had 1.0, DACX was planning on using bts as it's backbone.  There was talk of overstock as well.  We were talking of using the raised funds to create/buy a credit union.  We have heard nothing close to this with 2.0 and i'm wondering why.

Recently there has been discussion of using metatrader 4 as a interface for traders.  The features metatrader 4 has are what traders need.  Without these features we will find it hard pressed to attract traders.

Requirements:
-multitude of indicators (MACD, Moving averages, ichimoku, Stochastics, CCI... etc)
-customized indicator scripts
-Dynamic Scaling of the price chart
-Ability to pan and zoom on the chart
-live feed of Profit and Loss for each open position
-Ability to write expert advisors for robotic trading
-2 Click trading from the chart window
-STOP AND TAKE PROFIT ORDERS
-Ability to change chart type (bar colors, lines, OHLC charts, background)
-backtesting
-More...

Since our dex fails at meeting any of these above criteria, I believe we need to turn to a third party solution.  The Dex will still be the backbone and provide the feeds and liquidity, but the third party will have a much cleaner and user friendly look.

For this I suggest we use Metatrader 4.  This is the defacto acceptable program used for forex & cfd trading.  I have contacted metatrader in regards to setting up and licensing the terminal for bitshares.  I know a license can cost upwards of $100k, but there are companies offering to sell their licenses so there may be a cheaper option.

What I envision:
-website that hosts the metatrader introduction and download page.  Also has a link (with referral code) to create a bts wallet.
-newly created wallet links to downloaded metatrader platform
-password and credentials created for accessing account in metatrader
-user sends funds(crypto) to bts wallet and metatrader reflects those funds
-user trades markets in metatrader through bitshares API.  Metatrader gets price data from bitshares API.
-users can cash out or access their funds by going to the original website and logging into the wallet through there.

There are 3rd party open source solutions available that may be able to be used as.

https://bitcointalk.org/index.php?topic=279773.0

I would suggest that we use metatrader 4 because the majority of forex traders are familiar with it.  I have traded for 9 years on many platforms and in many different markets.  Metatrader has been my favorite platform and has been the most reliable and robust.

I would like to get the communities input on using a 3rd party for trading and how we would fund a license purchase of MT4.

option 1 - individual buys the entire license and sets it up so he is the referrer during wallet creation.  Enjoys all the referral fees.
option 2 - issue a UIA for people who would like to support the purchase of the license.  All referalls fee's go into a pool to buy back the UIA's.
option 3 - worker proposal.  But since this isn't a change to the code, I don't believe this is appropriate.
option 4- ??

I'm just wondering who other than crytponomex will ever submit a worker proposal to add a feature to the code.  Would the community ever support someone else modifying the code? Maybe if toast offered, but I highly doubt anyone from the outside would be voted in.  It's like cnx has a monopoly over all code changes, and I don't see that changing.  How long would it take an outsider to decipher and understand the code well enough to make productive changes?

I have around 2,200 in open short positions.  Is there a way to tell in the current wallet how much BTS I have tied up in collateral?  I would like to know how much BTS i would get back from my collateral if were liquidated right away.

I've noticed this delegate has been dropping down the ranks recently.  I haven't read anything about them lately so i'm wondering what the reason is.  Has the chinese group learned something recently?  Is Dacx still planning on working with bts?

'Merica... Fuck yeah!!



Take that yuan!!

Anyone see this $60,000 buy order for bitUSD on the DEX?  Either someone is very bearish bts, or maybe they are thinking of making payments to people it bitUSD.  Would be great if it's the latter of the two.