Quote from: Breasal on September 02, 2016, 02:24:11 PM

Quote from: l8orre on September 02, 2016, 02:05:29 PM

Quote from: Breasal on September 02, 2016, 01:23:25 PM

Quote from: TwinWinNerD on September 01, 2016, 08:47:40 PM

The reason for all this is pretty simple the project needs to raise funds so James and his team can create the tech for all this and finance the dPoW algorithm. This is only possible with the freshly raise BTC.

But this dilutes the f*#k out of BTCD holders. Now we swap from a pool of 1.2 M total BTCD to 200 M Komodo....how is this good? BTCD holders need to have the same percent of komodo as they held BTCD...nothing less or we get f*#ked.

we are not really getting diluted, because the value of BTCD swapped for KMD increases proportionally with the dilution.

so if you end up with 1/5 of something that has 5* the value. as jl777 succinctly put it on slack: it is like exchanging ONE 5$ bill for FIVE 1$ bills.
or with 1/2 of something that has 2* the value.

and the revshare asset more than compensates for 10 weeks suspended price action.

Yea, I'm almost convinced...but not yet. I am trigger shy after losing a lot on nxt assets and previous failed icos. BTCD has been steady income with great stake profits and a good smaller lot of committed supporters..now it goes corporate.

no corporation
5% staking continues with komodo