Quote from: Wasda on January 27, 2017, 12:09:49 AM

Quote from: boomboom on January 27, 2017, 12:03:17 AM

Quote from: KLONE on January 26, 2017, 04:48:35 AM

Yeah, the average Blitz investor would be rightly pissed-off at these execs who passed up the swap, and Chris looks like he made a good offer, so if they declined the swap then the blitz bagholders under 30K who didn'y know about this should blame the blitz whales for that. BUT it does look like the blitz execs and Chris agreed to this option, and unless Chris is going to deny this happened, looks like the blitz guys have some % in Stratis. That means all Stratis investors here are going to get (100% - blitz %) as there return, so this discussion is very relevant to THIS community, right?

Quote

Option B:
We keep Blitzcoin as is. We make the new blockchain its own Bitalize project that pays a % to Blitz Rewards. This would mean the BAAS platform is isolated from Blitz. The new platform and blockchain will be developed in an open source manner. so some of the development could flow back into the Blitz Blockchain.

We can infer the Blitz % from the proposal document, we know from Option A that Chris was offering the Blitz executives 4M coins out of 24M, so that's 1/6, or 16.67%, so assuming Chris was offering two options that he thought were valued approx the same, and the blitz execs chose option B, we can therefore assume blitz execs agreed to a 16.67% share in stratis.

Quote

Option A:
The new blockchain would have 24 million coins. The existing 4 million Blitzcoin would be exchanged for the IPO token. Then the other 20 million coins would be sold during the IPO. All of the funds raised would go into the development of this new parent blockchain, platform development and marketing. This platform will require elected nodes to secure the side chains, Blitz execs will have the first choice for operating one of these nodes, if option a is selected.
Please note these are example figures and this new blockchain is likely to have a higher coin supply.

LMAO.. you guys need to wake the fuck up and stop dreaming. you will get a big fat ZERO (0)

I noticed today killakem has returned to the Blitz slack after many months away, so he's probably discussing the situation in the restricted Blitz executive channel, but I don't know that for certain as I only have ~15K blitz, so was never granted access to the executive channel myself.

Too early too assume anything, but looks like Chris isn't being as dismissive of the situation as you are.

edit: don't forget Chris is probably one of the largest blitz holders, so if he honors the deal it might actually increase his stake in Stratis