When this coin had its "burn" for clearinghouse which was really just a second IPO (lol one wasn't enough) for btcdrak since instead of the Via actually being destroyed (as they are supposed to be in a burn) they went into his pocket so that he could sell them for BTC for his own gain, it became pretty freaking obvious to me what was going on here. And it should be no surprise the price has plummeted since then... What, did people actually think he was just going to hold onto all the Via that was "burned" into his pocket?
It's funny, too, because I could have sworn I brought up this issue when the clearinghouse burn was starting and everybody stepped up to defend btcdrak claiming that he needed the additional funding to continue long-term development on the coin...
Wait... Pardon me for my ignorance as I have started taking interest in VIA after the burn process to acquire XCH.
That said, can you post a link where it said that VIA holders should burn (actually send) their coins to a VIA address set up by Drak?
Read through the clearinghouse thread.
https://bitcointalk.org/index.php?topic=734674.0"This initialization process is called "burning", but since viacoins are new and shiny, we decided not to actually burn them, but use them towards funding the ClearingHouse project looking forward."
"Q: What happens to the viacoins that I do convert to XCH?
A: They go to fund future development of ClearingHouse."
It is clearly stated by btcdrak in that thread that these funds are to be used for development, so I hope these aren't the funds btcdrak is currently having such a difficult time answering questions about...