I would also strongly recommend that we open up this deal to "crowd fund" a UIA with a buyback plan. This way onceuponatime can diversify his risk and we can have an "equal opportunity" policy.  I don't want anyone accusing us of playing favorites.  By being equal opportunity we should auction it off.  Raise as much BTS as possible to fund it and then burn the rest.  This way the network gets a proper market-determined-price for this revenue stream.

This sounds like an ideal plan. My only addition would be  work in USD, at least it will make them useful. If you cant use your own price stable product when you are writing all in $ then its pointless expecting others would.

Quote from: bytemaster on November 23, 2015, 11:21:56 pm

Quote from: tonyk on November 23, 2015, 11:07:29 pm

I really do not get 'the no lifetime fees' crowd.

What is up with you people? Someone making too much money, according to you?

If yes go pay it yourselves, or get up and organize it as a UIA funding that you can buy into...


PS
And keep in mind that I say that while I have only 3 prime suspects for this secret investor - CNX being one of those.

CNX is not one of them, nor is it CCEDK nor Bunker.   In other words, there is no slight of hand here, I just wanted to air the idea without involving them.  Would the mystery investor please speak up if you are ok discussing this publicly?

I approached Stan and Dan with the thought of my paying CNX $45,000 to get the Stealth work funded. This is a huge chunk of my lifetime savings, and it is a huge risk for me to be taking. However, I am in total harmony with Bytemaster's philosophy and goals as far as I understand them and want this project to succeed, and to succeed .

I find that a lot of community members are expecting others to do the work needed to get this project rolling for free or for less than market rates. And out and out jealousy rearing its ugly head in some comments today.

Any reason you prefer stealth transfer over bond or prediction market? Is it because you think it is more important or you feel that the developers are intent on doing this first?

Will you be open to a crowd funding where you dont have to put up the whole $45,000?

Only curious, dont attribute anything to my questions.

I for one can't believe Cryptonomex is going to get rid of the licensing for only 10mil bts. 

Thats because you are unable to realize that the current climate is a non-starter and it results in their own significant holdings becoming more and more worthless with every passing minute. They need to have the startups who want to provide services to get it for free, otherwise nothing is going to happen.

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A dollar denominated pay is fair for everyone, both the founding team and the shareholders. They get their assured payment and the shareholders know that the current price has not been manipulated by them to grab extra BTS. I wonder what is the reason that they do not want to accept that.

We do not assume any particular direction for the BTS price movement, and even if you use the average price over the summer you will see that we are not even asking for our costs to be reimbursed.  Ultimately, all we are looking to recover is a fraction of the BTS we had to sell to build it in the first place.

$60,000 around the earlier prices would have been much less than20m BTS. If you subtract the amount you got from your workers then that will be even less. So yes, you are trying to recover at least the BTS you sold to build.

The "botched" release that went relatively smoothly with few people losing money and minimal downtime.  Sure it wasn't feature complete, but who here would like to go back to the 0.9x wallet?

Oh please, take a look at the marketcap and if you are still blind I cant help. Of course I am sure you will have a lot of excuses ready (you see, it is all those evil market manipulators - waaaa!!!).

Let me ask again, would you be burning the extra BTS if price recovers? After all, you have said you want to be paid around the market rates. Or are you telling us you want the market rates now as well as all the potential upside?

I think you should be paid in USD. $90 a day (or lower if they can haggle you down) for a year.

The founder team says that they need to be paid a premium because of opportunity costs etc and that by paying them those fees the shareholders will benefit with increased prices. If thats the case why not they take a fraction of the pay in BTS as after all their work will lead to value increase and they will end up more than the $50,000 they asked for.

Honestly it seems more like they realise it's not going to go anywhere and trying to grab as much money as possible. Or they really believe that the price will increase and they are disguising a massive overcharging by talking in dollar terms at a time when their botched up release has run BTS through the ground.

It feels like all those bankers during the meltdown who made their customers bankrupt and got paid millions as bonus as they arranged a bailout.

Quote from: topcandle on November 03, 2015, 08:55:05 pm

Its simply another Dan makes a obtuse theoretical assumption that never stands up to rigor when fully implemented.

so smartcoins do not exist?

As good as not existing. It barely works and everyone prefers to issue their own coin instead.

Compare to nubits and you will see that smartcoins are a failure.

i haz brownies