Post
Topic
Board Altcoin Discussion
Re: BitShares Scam 2.0, another money grab.
by
CoinHoarder
on 01/01/2016, 20:43:17 UTC
Well, they are at it again and again and again. The only thing they seem to be consistent in is trying to pilfer more money off their delusional base.

They asked for $45K in cash to implement "stealth transfers" in BTS 2.0. Some poor schmuck over there decided he would give them $45K of his own money if he could recoup it in stealth transfer fee. (Although I suspect it may be a rouse. They have some "plant" offer up his money in hopes that it "inspires" the people with actual money to hand it over.)

Now they are asking for $70K per month, PER MONTH to finish the decentralized exchange. For those of you who don't know Bitshares was sold as a decentralized exchange over two years ago to original investors who gave them Millions of dollars. They are now holding the original idea hostage to get more money. These fucking guys are amazing.

https://bitsharestalk.org/index.php/topic,20827.0.html

... Bytemaster's post clearly says $30k a month, and that is for 4 quality developers that all work together in close quarters (in-person in the same office with office expenses.) Bytemaster has proven he can deliver. We could probably pay a different developer less, but the outcome would be unknown and it might end up being money burned. The Bitshares community trusts Bytemaster to deliver, so his time is worth more than any random developer we'd hire over the internet. He also already knows the codebase and is THE Bitshares source code expert because he wrote the damn thing. He deserves to be more expensive than other developers because his experience and knowledge is worth more.

Admittedly, the $45k FBA (fee backed asset... a new innovation in Bitsharesland) to implement stealth transfers is a risky investment. It also could very well pay off huge for onceuponatime, and is an awesome new way to fund features that no cryptocurrency has tried before. 80% of the Stealth transfer fee will be paid to him for eternity... that could end up being very lucrative depending on the success of Bitshares. I personally love it because it is a way of funding new development initiatives while adding value to BTS tokens at the same time with the added utility/features. It is admittedly a controversial feature.. not everyone loves it, but since when has Bitshares walked the path of conformity?