Quote from: StanLarimer on June 16, 2015, 03:17:56 AM

Most of the folks on bitsharestalk know NewMine well and weren't buying what he was pushing so he threatened to come over here and make a stink. I see he did his best!

Anyhow here's the facts that got us to the ability to deploy BitShares 2.0 this summer:

1. Invictus ran out of donated BTC at the end of last year. All PTS was returned on advice of our accountants.
2. During recent months 100% delegates have earned about 4277 BTS * $0.006 = $25 per day. (BitShares paid for 1/2 hour every day)
(Enough for them to answer a few questions or fix a simple bug every day or so.)
3. By dipping into our BTS reserves set aside for legal, accounting, and government contingencies, I3 was able to provide a small stipend for some of them amounting to about 3 paid hours per day. To meet the rest of their living expenses, they were forced to live off their savings from last year.
4. This left them somewhere around 8 unpaid hours a day as independent agents. With this time, the team continued to provide essential updates for BitShares and worked on Graphene with the hope of producing something of value that could be used to recover all their sacrificed pay. This was a huge gamble. It would have been smarter to take a job at Google, use their new salaries to buy up cheap BTS. Instead they stuck with it. Net cash flow during all this time was from the developers to BitShares, not the other way around.
5. When it became clear that Graphene would be a success, the team decided to build a new company to monetize it and recover their painful losses.
6. ALL of the current stakeholders in Cryptonomex are members of the global BitShares community who invested their own time and/or money to make Graphene possible.
7. It is CNX intention to use the results of these risky investments to raise additional capital and capture new revenue streams. To do that, we need to have a company that owns something that merits such investment. That's why we have the license structure you see. Failure to assert those IP rights would mean that BitShares would need to find developers able to take Graphene the rest of the way for $25/day. We were, alas, not able to find anybody willing to continue doing that.
8. For the foreseeable future we expect to continue using such outside investments to grow the BitShares ecosystem in a way that incentivizes investment in CNX.

Please observe the complete series of announcements we make this summer before you judge our commitment to BitShares success.

The next one is tomorrow.

I threatened to come over here after you locked and moved the thread I started over at Bitshares talk: https://bitsharestalk.org/index.php/topic,16902.msg216113.html#msg216113
It's funny because all you guys complain when I post stuff over here and that I should keep it in house and express my concerns at your forum first. Well, since you want to moderate my seemingly quite acceptable questions, you forced me to come over here. I even asked you to unlock my thread and the other guys thread you locked. But nope. And here we are. And I am more motivated than ever to point out your scam.