Really sh*t behaviour from Bitsend.

They should have handled this so much better from the start. The silence when begged by investors for updates would have been acceptable, if they were actually working on something.

According to the roadmap there should have been a tangible product developed by now. This 'blame Bitcoin price' nonsense isn't going to wash. If they've been sitting on the ICO bitcoin all this time, without investing it into development then the massive question is why? What exactly did ICO investors invest in?

This is a classic example of how to screw up a coin, which could have been a huge success because there is a clear gap in the market.

I don't think it's a scam, but Bitsend are hugely inept and out of touch. Just like before they'll expect people to wait around with vague promises and no communication.

Arrogance and ignorance. A deadly combination.

TL