The more coins the BAY team bought themselves, the less investors could have bought. The more investors bought, the less the BAY team could have sold.
There's no 'pure' profit there. They could only play even at most. Which is doubtful as I suspect Bter doesn't do the whole thing for free.
You, the Bitbay team have 1 billion coins, and you take it to Bter. You, the Bitbay team put 1500 BTC into the ICO, that attracts another 1500 BTC from legit investors. Since the ICO is completed you will receive the full 3000 BTC that means you received back you own 1500 BTC as well as you receive the 1500 BTC legit investment
Which could have been 3000 BTC legit investment if you let the whole ICO be bought.
Once you have the BTC, any BAY coins can be sold at any price, that will be a pure profit.
They don't have the BTC yet. They only created a functional smart contract wallet. That's 1000btc minus whatever BAY they bought themselves minus the development costs. Woopidoo.
So any coins you've bought are the ones you can sell. That's still EVEN or LESS than what you've spend it on.
The fact that the Bitbay team have received only 66% of the ICO doesn't invalidate this classic P&D scam since the remaining 34% will be surely delivered as David will surely release the software.
- 500 btc at completion of ico delivery of initial wallet. (This threshold has been met.)
- 500 btc at delivery of wallet with integrated smart contracts
- 500 btc at delivery of our decentralized marketplace
- Balance of funds after 60 days of stable marketplace performance. At this time the BitBay team will also be releasing its Phase 2 road map.
The Bitbay team just reached their 2nd Milestone. That entitles them to 33% of the whole ICO. The rest, including whichever amount you think they invested, is still with Bter." Your math, by your own effort to make it fit in your own agenda, is quite flawed.
Let me correct it for you so you cannot continue claiming you "don't see it".
Real numbers, around
2,700 BTC collected total on the ICO.
550 of them from real investors, the other
2,150 from Bobsurplus and the "Chinese". Are we clear on this so far? OK...
- 1st release from BTER:
900 BTC on first threshold.
- 2nd release, around December 5th,
900 BTC.
Pending, 3rd release of
900 BTC when Zimbeck delivers working software for decentralized marketplace...
So we have
1,800 BTC of the original 2,150 fronted, already collected. Rest of the original "investment":
350 BTC.
Now Bobsurplus has been selling since day one after the launch and has collected
THOUSANDS OF BTC from those sales, fron 300 sta price to 68 sat price.It doesn't matter the price, it is gravy already, the whole of it. Get it now? Lets assume he has sold
2,000 BTC (you choose the figure) already. He ALREADY is up
1,650 BTC. With, obviously, plenty more to come. EVEN if the house of cards falls today completely and somehow BTER decides to keep the 900 BTC it is still holding, Bobsurplus has ALREADY made a ton of money. Now, even in this, present and very real worst case scenario,
he is going to make still thousands of BTC more pure profit, even if the price drops to a few sat. You FOLLOW, finally? That is, by the way, the REAL MATH... except for the
cost. Other than clerical, organizational -which comes from Bob's fees to his group, the only cost of this operation is David Zimbeck. They (the "chinese" and Bob) paid him
100 BTC for adapting Halo to BitBay. Another
90 or so when the first release of ICO money. And
20 million BAY. Do you get the fucking picture now?
Now, to the new "white knight" that just came in here pretending to be and "Internet Investigator": All of the above figures have been posted here several times, the latter part coming from Zimbeck himself, so your questions, just like the rest of your posts, is completely irrelevant and very old "news" for anyone with real interest in this scam that has been exposed on these boards practically since day one. Whoring for attention the way you have come barking in here will only get you a very, very cold reception, alright?
