Quote from: coinbiz on June 30, 2016, 02:16:12 PM

Quote from: helloeverybody on June 30, 2016, 02:02:29 PM

Quote from: TraderBill on June 30, 2016, 01:56:15 PM

Quote from: ccs5t on June 30, 2016, 01:32:26 PM

I am still debating whether I supported a scam here? There is hardly any volume and the price keeps crashing. If there were in fact any buy walls how could this be possible?

Have buy walls been used yet? Or is the dev team waiting to use them?

I think buy walls is actually part of the reason the price has dumped so much.

It does not inspire confidence to see one of dev's first moves (before waves withdrawals have even finished) was to transfer 6k BTC to exchanges, where it is out of view of public, and 1k BTC gets burnt on buy walls.

There was no communication about what this 5k BTC was getting used for except for a very vague, "we're using it for development"

What does that mean? Are you hiring people with this $3 million which disappeared to exchanges? Who are you hiring? What are these funds getting used for? Where are they going? To a bank account? Held in BTC balances on exchanges? Held as fiat balances on exchanges? Transferred into devs pocket?

No one knows because there was very vague communication about this, and only after the transfers took place. That's the main reason people lost confidence and started dumping below ico.

Trader bill has hit the nail on the head here. All we need is a bit of communicatio. I mean without all the shouting about scams waves could be a perfectly legitimate coin but why not explain where the funding is going? Did you hire new devs? A new pr guy? Or is there a new lambo sitting outside the house now?

Yes exactly. Here is the ICO address:
https://blockexplorer.com/address/3DWBSSAue32YS8PcW2gLs6m52BCCv3UgDA

Of the 29,634 BTC raised, Waves has withdrawn/spent 18,271 BTC already!

18,271 BTC spent already, read that until it sinks in. That's roughly $11 mil USD, even if you calculate BTC at $600/ea.

It's shocking to see the nodes having issues and any downtime with that spending. Where was this money spent? $11 mil USD?? I mean come on, that's enormous money, more than several alt ICO fundings combined. Entire companies make that much in a year, and it's gone from the Waves ICO account in less than a few weeks... and during that time, almost zero marketing, zero development updates (not considering changing a background image on the wallet or changing some text / version numbers).

I'm in Silicon Valley. You can hire the best developers on earth for less than $11 million USD. The top developers at Google, Facebook, Apple, Tesla, etc. are not making that kind of money, and the Waves team burns through that without finding a lead dev and doing no marketing?

And after all that, the nodes blacklist each other? Again, $11 million USD is not a small number. You should have ZERO downtime and ZERO maintenance with that number. And again where the fuck is the marketing?? A superbowl advertisement broadcast to 50 million viewers cost $2-$3 million USD. Imagine what you could seriously do with $11 million USD. I should be seeing Waves plastered over the Internet. Lisk did 100x more advertising with a fraction of the money.

I call this a scam or complete idiocy.

Coinbiz - you botched your v0.3.0 -> v0.4.0 review (which I mistakenly followed). Might want to give it a few days before you start hurling bombs again.