Quote from: Primitive on March 20, 2015, 04:26:29 PM

Quote from: btcdrak on March 19, 2015, 04:44:10 PM

Quote from: PilotofBTC on March 19, 2015, 03:05:07 PM

Do we have any community funds?

There is 1MM VIA.

what is the status of the ~600BTC from the ICO?

The fact that Drak remains silent and doesn't answer the specific question above (re: ~600 btc ICO funds) is VERY telling. I've asked him directly in the past about returning remaining ICO funds to investors/coin holders and his reponse has been that he never presented this as an investment. This is one of the MAJOR reasons why I (and Otoh as well) have no confidence in him or the project, because his lack of response to questions like this clearly show the project is simply a coin grab for him. Drak sees the ICO funds as his own and not for use in advancing the coin, and that is simply disgusting. He'll likely come out and say he delivered VIA and XCH as promised, but the idea that you can take so much of other people's money and deliver two failed projects (clones for that matter that have clearly failed to get traction) and then say he is deserving of hundreds of thousands of dollars people entrusted him with to advance the coin is seriously delusional. Then saying that 1MM Via are community funds perpetuates this scam, because you'd have to be a fool to not realize that Drak is really offering nothing. 1MM Via is practically worthless since there is literally no market to sell into, and it's comical for him to think this miserable amount will somehow do anything reasonable to help advance the coin. PR and marketing costs actual money, not unsellable VIA. And if he sold that 1MM VIA to try and pay anyone the most it could generate is 3.5 BTC or roughly $900 USD (as that's how much it would take to move the price down to ZERO on Bittrex at the time of writing this). Compare that to the roughly 400 BTC (or around $100K) that should still remain from the ICO funds and which should be used to advance the coin, and then you can really get a clear perspective on what he is doing.

Unless Drak can a.) show he is willing to use the remaining ICO funds to advance the coin, b.) give us some transperency on what funds have previously been spent on, and c.) have someone the community trusts handle finances moving forward, then you should see him as nothing more than a con man / theif. Sigh.