I don't see where is the problem. Simple
You received 60 BTC which is a lot in stage 1. That should get you a head-start and to get trust from investors :
1. Pay the bounties from stage 1 you will be left with more than 50 BTC
2. Release the wallet and distribute the coins if you think you got much less than you wanted well that's a risk every developer has to accommodate sometimes less is more in crypto ( a lot of now sucessful projects even started as a joke and are now in top 50 coins without any starting funds) apart from that I'm OK if you take that 9% that was reserved for PoW as development fund and that should give you motivation for your project to be properly developed.
Now for the escrow :
1. You get 20% of escrow when you distribute coins and post working basic wallet along with source (that's additional 15-18 BTC I don't know how much was raised in stage 2 )
2. You get 20% when you list it on Bittrex and not some shitty exchange (3 BTC listing fee will get you additional 15 BTC for development)
You are still left with more than 80 BTC (stage1+stage2) you can start developing the wallet you promised.
3. You get 20% when you release wallet you promised (beta one)
4. You get 40% when it's functional (I'm not saying smart contracts, debit cards, ... ) but that it is stable
this works for me, looks like a win-win
One of the real problems with this thread is that the spoiled, entitled, mentally challenged children who post here don't even bother to read. It's the same stuff repeated over and over again even after it has been refuted. I just read someone claiming the dev is trying to get all the funds without releasing the wallet.
READ BEFORE YOU SPEAK! A plan WAS put forward by BoldNinja that was agreed to by Wasserman as well as a lot of investors - read it above, it is more than fair.
Of course, I'm guessing nobody will so the rest of the day we'll have more posts like "Dev is scam? When me be rich?" and more ridiculous demands (my fav was that the coin should be listed on an exchange for a while before the funds are released... so if the price is good, great, if not, just ask for a refund LOL).
Wasserman - if Sebanstian doesn't accept the plan that a number of us agreed to, I believe the only thing to do is ask people who want to stay in the project to tell Sebanstian to forward their BTC directly to you. Everyone else can just take their BTC back and GTFO so we can move on with the real development of this project, instead of coddling babies worried about their 0.01 BTC "investment".