Quote from: Captain_Picard on August 24, 2016, 02:42:48 PM

So, after almost an hour of research this is the picture of the blockpay ICO I have so far... some prior ico token holders receive 50% of a .5% transaction fee on merchant sales, ambassadors receive 15%, leaving 35% for company expenses and blockpay token holders and token holders will be paid last in this hierarchy with no guarantee or even agreement that any percentage amount will be paid to blockpay token holders. This means any return on investment is up to the personal discretion of the management team, and they and everyone else get paid first. Tokens are not needed to power any app so their value is at the mercy of discretionary dev spending and 'rewards'. I don't see why an investor would make an investment in such a blind pledge without anything written or coded to offer any assurance of getting their money back plus. Titan20 has repeatedly asked for clarification on this and so far just a lot of 'trust us', it's a great idea. I don't dispute that your idea is great and your concepts might work, but I greatly question the risk/reward offered to token buyers with zero hard figures detailing the value proposition to token holders.

Edit: I believe I also picked up somewhere that this first batch of icos will only offer 6.5% of the total amount of tokens, meaning current investors are also subject to dilution risk down the road, the rate of which is also at mgt discretion?

Dude, logic and common sense is not the right way to frame this. Think internet bubble circa 1997-2000. When we push the price to 0.10 btc per, all them other facts that you so kindly point out won't mean jack squat. If it makes you more comfortable then invest in treasury notes. With notes all your returns are contractually defined. ;-)