Hello everyone

I want to start off by saying BitStone has flaws and those flaws are going to be addressed....the flaws were pointed out by a number of sources including those listed below-

1-points that were brought up on the thread by Suchmoon and Paul Revere...
2- points brought up by other respected crypto guys
3- my attorney -

I do appreciate the input and hopefully I can get some feedback as BitStone progresses. Often times the strongest critics can have the most valuable info...

It was mentioned here and elsewhere about my involvement with Paycoin.  I originally bought $300-400 in Hashlets when they first came out.  I sold those Haslets within a week....  I mined Paycoin in December and dumped Paycoin in December....Kilo17 was banned from HT for bashing Josh.... I engaged Paycoin again around the CoinStand fiasco and then stuck around and ultimately decided I was going to open a Gem Store for Paycoin.  The idea of the gold/silver was a later addition after I was in talks with the Foundation and Team-- the idea was to get subsidized, initially it was 20,000 XPY for the gems and later on it when the gold and silver came into play it would need to be 100,000+ XPY.  These funds were to be used to subsidize the discounts.  Based on a previous conversation I had with the Team/Foundation I thought the 100,000+ was going to happen and was going to be used to subsidize the gold/silver and Apple products that were mentioned.  Those funds ultimately were not made available and the store was not opened....

I announced to the Team/Foundation and the HT community that I was parting ways and going to create a coin and store without all the attached paycoin baggage.  Sold all but 8000 XPY which are sitting in BTClend and I cannot get out....

I do agree with a lot of the comments that Suchmoon and Paul Revere have made and hindsight is 20/20.  I also spoke to my attorney (yes on a Saturday-he is a friend) and explained what was going on with the Stones and the Coin.  His response was "Thats a fucking horrible idea" in regards to the coin and the gems being asscociated, even if they were 2 separate entities.  The fact that they are being released together would definitely raise eyebrows with some 3 letter organizations.  

As for the stones, I do have the stones and they are real.  I do not have the exact value of them but it is in the $1m range- which as pointed out on the thread would have needed some additional documentation to prove...

For the comments on using part of the team as the escrow - another horrible idea.....

Comments on the premine and how its distributed - I see the point and understand NOW how it would be difficult to truly show who is buying what....

Another problem is the association of the BST numbers and the Paycoin numbers as far as Premine etc.  Honestly that was just a HUGE oversight and I never considered it being associated in that way....