Author Topic: What happened to the 30 million BTS  (Read 10343 times)

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Offline toast

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The balances say they are partially claimed but `blockchain_list_address_transactions` for those addresses doesn't show anything. I think the latter is wrong though and the balance is correct, so about 11 million of those BTS have moved which is worth about $45k now. Did he have to sell at the bottom? Maybe someone can do the detective work if Adam doesn't respond.

Code: [Select]
default (unlocked) >>> blockchain_list_address_balances PqJyHZfb5THhEjQuDdQdBkAu9Pfx9peoFZ
[[
    "BTSKbY6PskiT9b1oGZVV6vPJQjB2Rkejtu6X",{
      "condition": {
        "asset_id": 0,
        "slate_id": 0,
        "type": "withdraw_vesting_type",
        "data": {
          "owner": "BTSHVsEyXjY9qR37QDv2dtmDuMj7PgnffzFD",
          "start_time": "2014-11-06T00:00:00",
          "duration": 63072000,
          "original_balance": 1500000000000
        }
      },
      "balance": 955753186835,
      "snapshot_info": {
        "original_address": "PqJyHZfb5THhEjQuDdQdBkAu9Pfx9peoFZ",
        "original_balance": 1500000000000
      },
      "deposit_date": "1970-01-01T00:00:00",
      "last_update": "2015-07-28T20:48:20",
      "meta_data": null
    }
  ]
]

default (unlocked) >>> blockchain_list_address_balances PhhGLBBoQkiCthPbhR961S1JSLwHHyetaC
[[
    "BTS6gY5sK9cVnqm4Bg9L3dW9XRn6iEBnRRyZ",{
      "condition": {
        "asset_id": 0,
        "slate_id": 0,
        "type": "withdraw_vesting_type",
        "data": {
          "owner": "BTSHnBguYS2XBD5dzXTmChXWth1ZnR4nvTw",
          "start_time": "2014-11-06T00:00:00",
          "duration": 63072000,
          "original_balance": 1500000000000
        }
      },
      "balance": 953752616058,
      "snapshot_info": {
        "original_address": "PhhGLBBoQkiCthPbhR961S1JSLwHHyetaC",
        "original_balance": 1500000000000
      },
      "deposit_date": "1970-01-01T00:00:00",
      "last_update": "2015-07-29T20:10:20",
      "meta_data": null
    }
  ]
]
Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

Offline toast

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$300K given to FMV R&D
...
$200K  paid to marketing

Does that marketing figure include adam's team post brian page?
Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

Tuck Fheman

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It seems that BTS isnt falling towards the whales 1600 buy target fast enough, so newmine's whale masters have instructed him to reignite the fud attacks.

https://bitsharestalk.org/index.php/topic,17584.msg223892.html

Offline speedy

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It seems that BTS isnt falling towards the whales 1600 buy target fast enough, so newmine's whale masters have instructed him to reignite the fud attacks.

Seriously? He is right to bring this up.

Delete the still-to-be vested 30 million from the 2.0 genesis block, or this will haunt us for years.

Offline Ander

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It seems that BTS isnt falling towards the whales 1600 buy target fast enough, so newmine's whale masters have instructed him to reignite the fud attacks.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline speedy

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Thank you newmine for bringing this up.

We talk about how mining puts huge downward pressure on a blockchain, what about 30 million new BTS constantly vesting over 2 years? When new users ask about the distribution of BTS and they hear that we gave away 30 million BTS to 1 guy for his pipe dream voting pet project that has nothing to do with the core product, they will say why should I invest in this?

Lets assume that 2.0 is really popular and achieves a moderately successful market cap of $200 million in a couple of years. Then that 30 BTS will earn AE $2.4 million dollars for doing nothing.

We keep hearing about how Vote is the secret sauce but we never hear any updates on it. Adam is never posting on these forums on why he needs to be given that money or what he is doing with it. Im sure hes talented otherwise BM would not have done it.

We are creating a new genesis block for BTS 2.0, so how about fixing this elephant in the room by deleting that 30 million BTS vesting address from the genesis block. Or would Adam like to comment on this post on why that shouldnt happen? There is already precedent for this - the marketing guy's bonus was cancelled and the departure was still ammicable.

This needs to be fixed.
« Last Edit: September 12, 2015, 07:36:43 pm by speedy »

Offline NewMine

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What happened to the 30 million BTS from the merger that was designated for marketing under the direction of Adam K. Ernest?  Are we just writing this off? Or are we still waiting for some numbered release?