Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [VIA] ★ Viacoin ★ ~ the future of digital currency ~ ★
by
spartak_t
on 10/03/2015, 23:59:29 UTC
Interesting that Drak says these things as much of it is simply not true.  I have a strong reputation in crypto that speaks for itself.  But I should clarify a few things, as I don't mind being totally open about my work:

I have never actively traded VIA for day trade profits nor has Otoh.  We typically accumulate large positions very 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 could be advantageous.  And like I said in many previous posts, we were already the largest holders of VIA and XCH and 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.  Drak even advised me on the trade saying if anything to place bids just below the market.  I debated including this info, but I figure at this point it's best to disclose everything.  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 maybe 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 without any legal risk.  Drak was not happy about the fact that I spoke to my attorney regarding this issue (but he was totally fine with my buying) and then decided to stop communicating with me over me obtaining legal consultation.  This was definitely interesting as it seemed extremely irrational, not to mention as a trader wouldn't Drak want to know where legal lines are?  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 surprise 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 VIA, I've seen him systematically shut down interest in this project as he has turned 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 other possibilities.  

I point out that I do question if he is being totally honest with the community.  Otoh checked out long ago, because 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?

Hello, masternode,

Firstly, I want to point out 2 MAJOR issues here:
1) Drak should* learn (or get some) marketing techniques and use them for VIA - that is pretty clear for everyone with 50+ IQ.
* - He is not obliged doing it as he is a coder after all. Maybe he did some mistakes, but they can be fixed in the future. Sometimes you can think you know something, but there is always someone else who knows better.
2) You must stop lying* people.
* - You've had some informations regarding VIA project (and possibly others as well), you consulted with lawyers and we are talking about business (as you and I see it). After all - you are here firstly, because you probably liked the project and mostly because of the money you can earn.

Now... let's stop the bullshit, okay? You are a grown man and you are investor. Calling yourself (with drak) both out is not the best option for VIA. It is obvious that the coin is struggling if we are talking about current price, but this is not the way to fix things. Drak is obviously skilled coder and you are obviously big investor. Please change the subject and act together (with the community) to take the project further. Most of all have seen worse situations than this one and I personally believe that Viacoin can really be something.

Cheers,
Spartak