Author Topic: Who is Cryptonomex?  (Read 5619 times)

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Offline bytemaster

Angels control less than 20%
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline bobmaloney

But their private ownership percentages is not for us to disclose.

Understandable.

However, while Dan claimed that he did not own 51% - I can't help but worry that ownership may be lopsided enough (in favor of the angels) that a very small group can choose to divert the wishes of the rest of the group.

Additionally, my ignorance regarding IP law leads me to worry about what happen to those rights if something like that does happen.

Maybe we can get a list or pie chart of ownership percentages with names redacted?
Seeing an equal list of sub-10% ownership slices would sure let me sleep a lot easier with the current situation than seeing 2 or 3 30% slices.

I'm not sure what Dan meant by "diversification", but since I'm the one who would do the diversifying I'm sure I would know about it if we were. Obviously we must pay some of our bills in fiat and a few in BTC.  I can tell you that my ownership in BitShares has monotonically increased since the beginning.

My take from the mumble sounded as if there was to be diversification beyond BTS.
Again, I understand short-term costs and expenses, but I want to know that CNX is all in - and if they have positioned themselves to live and die with BTS.

Thanks again for addressing this.
"The crows seemed to be calling his name, thought Caw."
- Jack Handey (SNL)

Offline karnal

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Dan, Stan, Ben, Nathan, Follow My Vote, Valentine, SVK, Cass, Chronos, Max W, Bo, Li,James,Vikram,Synapticad, Gregory, Lance (Agent86), Alt, Misc Laywers

In other words, people you know and love from around the forum.

My heart is filled with the warm fuzzy feeling (tm) reading this +5%

Offline merivercap

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Dan, Stan, Ben, Nathan, Follow My Vote, Valentine, SVK, Cass, Chronos, Max W, Bo, Li,James,Vikram,Synapticad, Gregory, Lance (Agent86), Alt, Misc Laywers

In other words, people you know and love from around the forum.

Dream Team!

That's awesome!   Hey you guys should leave some talent for the rest of us 3rd party startups too... :P
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Offline Riverhead

Dan, Stan, Ben, Nathan, Follow My Vote, Valentine, SVK, Cass, Chronos, Max W, Bo, Li,James,Vikram,Synapticad, Gregory, Lance (Agent86), Alt, Misc Laywers

In other words, people you know and love from around the forum.

Dream Team!

Offline Stan

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Since we are most likely going to be voting on awarding the majority large worker contracts for the foreseeable future to Cryptonomex, I think it is the responsibility of the Bitshares community to require at least a responsible level of transparency regarding the makeup and ownership of what will be our largest contractor.

If there are a few big CNX investors that wish to remain anonymous for the time being - fine - but please allow the community to know that is at their request and weight the information ourselves.
They may wish to keep their anonymity and maybe the large percentage of this community will be OK with that, but in the spirit of what was Bitshares, I request a little more openness from here on out.

Now is the time for the community to set precedent on what requirements will be necessary from contractors, going forward.
I would like to see some answers to this before any of these proposals come to a vote.

My previous post that was unfortunately made at the end of the locked NuMine thread:

https://bitsharestalk.org/index.php/topic,16902.msg216862.html#msg216862

Quote
I don't see it that way.

I think most people here with legitimate concerns (by now I think most of us know who to read, who to consider and who to skip) are over Cryptonomex as a company.

We don't know the ownership percentages - what little we do know is from the mumble - that bytemaster doesn't own 51%.

But how much do the angels own? Who are they?  What are their goals? Interests? Alignment?  This matters.

bytemaster's claim that they plan to diversify holdings is somewhat bothersome as well and a lot of that part of the mumble came off as kind of like - (not a quote) 'well, things are different now - we are Cryptonomex, you're not - so it's none of your business'

Yes, that is bothersome - and this is coming from someone who has been here since the beginning and trusted in the devs through every minor crisis to date.

If the diversification is short term, to pay for rather immediate expenses - OK, but if Cryptonomex is truly all-in on BTS - their holdings should reflect that.

Also - who is Cryptonomex?

What makes the team? I've been looking for a team page and have yet to find it.

Is Toast part of Cryptonomex? Vikram? Agent86? theoretical? who? - is there a link I'm not seeing?

Again, I think most concerned here have a tremendous amount of trust and faith in the Larimer's and the rest of the dev team, but we have yet to be convinced that Cryptonomex is not something that can run away from them.

I really hope to get some reassuring answers soon. We have our first Bay Area meetup on Thursday and I'm sure most of us have had enough of a hard time trying to get up to speed with the technical and operational 2.0 changes - I really would like this issue to be worked out before being blindsided by a newb with interest and not having an answer.

Lastly, thanks again to everybody in this community - from the devs to the lurkers who show up for 1 or 2 important posts. The last 18 months have been the most optimistic I have ever been that the next 100 years will be one of enlightenment and abundance.

Thank you

Cryptonomex is currently owned by about 20 people you already know and presumably dearly love.
(Hint:  one way you can tell is if their emails end in @cryptonomex.com.)
Over time, the list of stakeholders will grow as more contributors join us.
Those with public roles will appear on our web site when we get around to it.
But their private ownership percentages is not for us to disclose.

I'm not sure what Dan meant by "diversification", but since I'm the one who would do the diversifying I'm sure I would know about it if we were. Obviously we must pay some of our bills in fiat and a few in BTC.  I can tell you that my ownership in BitShares has monotonically increased since the beginning.

You can have my BitShares when you pry them from my cold, dead hands.





Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline bytemaster

Dan, Stan, Ben, Nathan, Follow My Vote, Valentine, SVK, Cass, Chronos, Max W, Bo, Li,James,Vikram,Synapticad, Gregory, Lance (Agent86), Alt, Misc Laywers

In other words, people you know and love from around the forum.   
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline bobmaloney

Since we are most likely going to be voting on awarding the majority of large worker contracts for the foreseeable future to Cryptonomex, I think it is the responsibility of the Bitshares community to require at least a responsible level of transparency regarding the makeup and ownership of what will be our largest contractor.

If there are a few big CNX investors that wish to remain anonymous for the time being - fine - but please allow the community to know that is at their request and weight the information ourselves.
They may wish to keep their anonymity and maybe the large percentage of this community will be OK with that, but in the spirit of what was Bitshares, I request a little more openness from here on out.

Now is the time for the community to set precedent on what requirements will be necessary from contractors, going forward.
I would like to see some answers to this before any of these proposals come to a vote.

My previous post that was unfortunately made at the end of the locked NuMine thread:

https://bitsharestalk.org/index.php/topic,16902.msg216862.html#msg216862

Quote
I don't see it that way.

I think most people here with legitimate concerns (by now I think most of us know who to read, who to consider and who to skip) are over Cryptonomex as a company.

We don't know the ownership percentages - what little we do know is from the mumble - that bytemaster doesn't own 51%.

But how much do the angels own? Who are they?  What are their goals? Interests? Alignment?  This matters.

bytemaster's claim that they plan to diversify holdings is somewhat bothersome as well and a lot of that part of the mumble came off as kind of like - (not a quote) 'well, things are different now - we are Cryptonomex, you're not - so it's none of your business'

Yes, that is bothersome - and this is coming from someone who has been here since the beginning and trusted in the devs through every minor crisis to date.

If the diversification is short term, to pay for rather immediate expenses - OK, but if Cryptonomex is truly all-in on BTS - their holdings should reflect that.

Also - who is Cryptonomex?

What makes the team? I've been looking for a team page and have yet to find it.

Is Toast part of Cryptonomex? Vikram? Agent86? theoretical? who? - is there a link I'm not seeing?

Again, I think most concerned here have a tremendous amount of trust and faith in the Larimer's and the rest of the dev team, but we have yet to be convinced that Cryptonomex is not something that can run away from them.

I really hope to get some reassuring answers soon. We have our first Bay Area meetup on Thursday and I'm sure most of us have had enough of a hard time trying to get up to speed with the technical and operational 2.0 changes - I really would like this issue to be worked out before being blindsided by a newb with interest and not having an answer.

Lastly, thanks again to everybody in this community - from the devs to the lurkers who show up for 1 or 2 important posts. The last 18 months have been the most optimistic I have ever been that the next 100 years will be one of enlightenment and abundance.

Thank you
« Last Edit: June 16, 2015, 07:11:48 pm by bobmaloney »
"The crows seemed to be calling his name, thought Caw."
- Jack Handey (SNL)