Phase1: 600,000 tokens @ 1:1.20 OPENPOS tokens/each Special Buyback
Phase2: 1,400,000 tokens @ 0.000288 BTC = 403.2 BTC
Phase3: 3,000,000 tokens @ 0.000360 BTC = 1,080 BTC
Phase4: 95,000,000 tokens (in 2017) @ 0.000500 BTC = 47500 BTC
Total of 48,983 BTC (not including Phase 1) = $28,116,242
So, yes they are asking for well over the $20 Million dollars, my concerns are justified, rational and realistic. It is silly to tell me to buy T-notes ...
This is exactly why I told OP that posting/projecting such specifics about a Phase 4 is absurd. It results in this pointless, and circuitous logic that because Phase 4 is impossibly large we have no business conducting a Phase 2 & 3. Phase 4 doesn't exist ... it is like you are protesting Santa Clause' skid marks. Quite pointless.
Here is the inside scoop guys.
Blockpay++ will never get to a Phase 4. If things go well enough they will be acquired by a POS software vendor which can almost instantaneously deploy the software across millions of terminals and simultaneously coordinate an education campaign directed at its merchants. The acquirer will have no choice, and will gladly buyout token holders at a very handsome multiple of our original cost.
What makes you so sure the new buyer will "gladly" buyout token holders at a "very handsome multiple"? They will not be contractually obligated to do so, they could easily interpret token holders as "donors" with no expressed or implied expectation of return. No contracts were signed. The shareholders (and legal counsel) of the buyout company would surely not agree with the token holders' expectations of a "very handsome multiple" and would hold their directors accountable to have negotiated little to no reward for those who have no contractual claim on any of blockpay's assets.