Where is your reevaluated business model and other promises from the old version:
https://bitcointalk.org/index.php?topic=1088486.0Do you still have $1m to back this coin? Where is the BitStone Store?
Yes we have set aside $1M in Diamonds, Gems, Sapphires, Ruby's, Gallery Artwork, etc that will all be available in exchange for BST in our BitStone Store day 1 of launch.
Welcome Back Suchmoon,
Business Model has been reevaluated, along with the core specs of BitStone.
Lets remember BitStone never officially launched when the last thread in question was created.
That thread was used as a gauge of interest, as we were looking for the communities opinion on things.
Ideas, plans, and goals set in the old thread you mentioned - along with quotes from the old thread you mentioned... are "old" ideas, "old" plans, and outdated goals.
We went back to the drawing table and have come up with simpler ways to launch BST and get its foundation built.
We also listened and acted on the recommendations the community voiced:
We eliminated the ICO.
We eliminated the PREMINE.
We reconfigured the BitStone algorithm to X11 instead of SHA256.
We modified the coin supply/distribution model to cater more towards the community.
We modified the annual Proof of Stake percentage to 1% /month - 12% /yr.There are many other partnerships behind the scenes that we developed...and one of those partnerships will empower us to have multiple BitStone Accepting Merchants, and finer details on those partnerships will be released in due time.
We have more supply than before and soon will be able to sell these goods for BST.
Stay tuned,
BitStoneDev