@Decentradical
Interestingly ignored this from my post:
"The fact that the Bitbay team have received only 66% of the BTCs doesn't invalidate this classic P&D scam since the remaining 34% will be surely delivered as David will surely release the software."Which of course invalidate your argument that the fund has not been received as the Bitbay team could dump any coins without risk as they will surely receive the remaining parts of the ICO from Bter.
Which could have been 3000 BTC legit investment if you let the whole ICO be bought.
No it wouldn't be 3000 BTC. In this dried out market where the BRO ICO could raise only a few hundreds the Bitbay ICO could never raise 3000 BTC - that's the main point.
Anyway, I rest my case. There is no point to explain the basics to ignorant idiots nor to trolls.
Actually I didn't. You added the bolded font later and I missed one quote tag in my post (check the original post, it's missing). Just some confusion.
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.
If I follow the milestone scheme
- 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.
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...
If you don't provide evidence I'm just going to assume these numbers are hypothetical.
550 BTC as development funds is meagre.
- 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...
It's still 500 btc. I really don't get where you're getting the 900 btc from. But that's not a relevant difference either.
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,
His own gravy! Buying your own gravy and selling your own gravy at comparable prices leads you to equal or less gravy. But let's throw you a bone and he picked up a margin from the 550BTC legit investment. That's still a really pathetic profit.
Lets assume he has sold 2,000 BTC (you choose the figure) already. He ALREADY is up 1,650 BTC.
Minus his initial investment which brings me at a net loss for Bob. Poor Bob. He might end up under the bridge if he keeps continuing with these genius schemes of his.
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?
No I don't. The only way he could've made money from this is Bob was a wizard able to conjure BTC's out of thin air. And if that were the case I'm not sure why he would bother with letting other people share in on his magical ability.
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?
And that is why 'Bob' won't even be able to break even on this. Buying and selling your own stuff minus the friction.
All of the above figures have been posted here several times
The basic numbers on the milestone haven't even been correct. Bob's capital may or may not be true I've seen no evidence for it suggesting either way.
Bob's scheme however, fails at all parts no matter how much money he has put into this.
