Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [VIA] ★ Viacoin ★ ~ the future of digital currency ~ ★
by
Ashdrake
on 10/03/2015, 18:24:37 UTC
Interesting that Drak says these things.  I have a strong reputation in crypto that speaks for itself.  But I should clarify a few things:

I have never actively traded VIA for day trade profits nor has Otoh.  We typically accumulate large positions early and help nurture the projects, a lot like what we have done with Darkcoin.  Yes there are times we sell, but it's not done on a daily basis, or even a weekly basis for that matter.  Also, I want to be very clear.  I've never released any priveledged information to Drak about other projects, and if he believes so I welcome him to share it here as I'm that confident he won't be able to give me an example.  

"Alarm bells began to ring for me when he started sharing privileged information with me about other projects his associates were involved in. I became concerned he might actually be using his position with viacoin to his advantage and leaking to his group."
 
Yes, Drak was telling me priveledged information that was advantageous but how advantageous can it be when the price was of VIA was already dead at this time (already below 10k satoshis).  And like I said in many previous posts, we haven't sold our VIA position.  And to say there were alarm bells at this point or prior is interesting and I'll point out why.  Drak had shared with me that Patrick Byrne was interested in VIA and that they wanted him to fly out to the states in February.  Drak had contacted me because he knew I represent some of the largest holders, and wanted to see if we could secure a block of coins for Patrick.  I told him I could ask Otoh but I was not willing to sell any, in fact I told him I was interested in purchasing more (quite the opposite of what he claims of him feeling I was looking for a way out).  Also, one extremely important point here: If there were really red flags prior to this, wouldn't Drak have just told me he has found a large interested buyer and not disclose names?  Drak had informed me that he didn't mind me accumulating more just not to run up the price, and if anything place bids below market.   Eventually he become extremely upset when I informed him that I spoke with my attorney because I had some interest in accumulating a bit more VIA (We wound up acquiring 7 btc more worth over the next 4 weeks at a price of 10-12k satoshi, hardly increasing our already sizable position of millions of coins).  And to be honest I was quite surprised that he expected me not to consult with an attorney regarding anything, especially this as the last thing I wanted to do was put my self in any sort of legal problems.  Fwiw, my attorney had informed me that as long as I was not manupaliting prices, since it's an unregulated market, that it was ok to accumulate more.  Drak was not happy about the fact that I spoke to my attorney regarding this issue and then decided to stop communicating with me.  This was definitely interesting as it seemed extremely irrational.  February came and went and Drak had become even more silent on the forums as well as with others that he normally communicates with whom I am close with as well.  I began to wonder what was happening behind the scenes, and began to question if a lot of what he's represented to this point was really as it seemed.  

Prior to this incident I had done everything I could to help Drak push this project forward.  I had brought on the largest base of investors (as a group we still hold over 3M VIA and around 12M XCH), I had converted 200k VIA for XCH even though I was not excited about the suprise second raise, I had introduced Drak to other companies in the crypto space in an effort to get him and his coin support.  However, continuously since the beginning of this project I've seen him systematically shut down interest in this project and turn it into one of the smallest communities I've seen for a cryptocoin.  Again, my actions in my projects speak for themselves.  I've been active in helping other coins and investments succeed, and Drak has spawned practically zero adoption of VIA.  These are simply facts.  

If Drak thinks I'm trying to kill his coin he is wrong.  The truth is I have lost faith in it more specifically his ability to create any sort of adoption or community behind it, enough so that I think the best course of path is for him to shut it down and return remaining funds to coin holders.  However I'm open to ther possibilities.  

I point out that I do question if he is being totally honest with the community.  Otoh checked out long ago, becuase he is convinced that Drak is not.  

However, if the community wants to move forward with the project, then so be it.  If that is the case I propose that we have a trusted finance officer put in place to administrate the funds (which is why i've been trying to get an idea of where finances are).  If he is truly as straightfoward as he tries to appear this should be a total non-issue right?  If he is opposed to this, well, then we have to ask ourselves why?



BRO

You just admitted twice that you got insider information, and you traded on insider information. Its written right there. Basically, you used whatever information BTCdrak has given you in good faith and acted on it. You just proved his point. Also talking to your lawyer... Come on man...

Also advantegous information when VIA is at 10K is a fucking gold mine dude. if you believe in the project you buy when the price is in the dumps (especially if you get insider info) not when it goes to the MOON.

 LATER EDIT: Also its not your business or anyone's business other than BTCDrak's of where his finances are. Stop acting so entitled.  You are also a scumbag. gtfo