Post
Topic
Board Tokens (Altcoins)
Re: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem
by
paulmaritz
on 13/06/2017, 13:16:59 UTC
I only read till the part that you say they should stop at 1 hour.
 Coz at this point you clearly dont read properly.
Why waste my time reading the fud.

They have no reasons to stop in 1 hour even if there no attack and no clogged transaction
because the cap not even reach yet at that time.


Duration: The fundraiser will run for 14 days or until the hidden cap is reached, with a 1 hour minimum time.

https://blog.bancor.network/bancor-network-token-bnt-contribution-token-creation-terms-48cc85a63812

You're proven me correct that most of you are a bunch of idiotic sheeple without intelligence.
Reading is hard, huh? And no arguments given, again, no surprise. The fact that you say it yourself that "Coz at this point you clearly dont read properly" means you don't understand anything what you read, which may be a sign of a mental attention disorder.

Quote:
"Clause 14: Initial creation period is either one hour or until the hidden cap has been reached. It must be at least one hour, but when the hidden cap has not been reached, it will be longer.
Clause 15: Here it clearly states the minimal initial creation period is 1 hour long. Not more. Not less.
Clause 16: "After the Minimal Initial Creation Period, the Initial Creation Period automatically ends once the Hidden Cap as implemented in the SCS has been reached."

So, the "Minimal Initial Creation" period is one hour long. After that time is up, we're into the Initial Creation Period, which terminates once the hidden cap has been reached. The hidden cap was 250k ETH.
250k ETH was reached at 2 hours, which is after the "Minimal Creation Period" that is very clearly stated to be 1 hour long. Because the hidden cap was reached after the "Minimal Creation Period", the hard cap ends the ICO."

Clearly, you talk non-sense, because it went longer than 2 hours up to 3 hours. Again, where are your arguments? They're clearly in violation of their own T&C, yet you keep defending with ZERO arguments, pathetic!

Just as DigitalNinja is shilling and acting like a clown, by spouting bullshit and opinions, which his posts show only activity in this thread @ https://bitcointalk.org/index.php?action=profile;u=1008945;sa=showPosts;start=60



Contract law (crying laughing face) you do know that a contract has to be signed in wet ink by all parties to stand in law? I sure didnt sign any contract hahaha. I stopped reading there because i know that

See this intelligence of @ DigitalNinja. Contracts don't have to be signed in "wet ink by all parties". You must be blind that one of the other terms was that you're not a US citizen/resident and by contributing, you have given consensus to this case, which is enough to be used in court against you. You clearly don't understand law at all. For example: Clicking on the terms and agreements at Paypal account creation, you're already binded by the terms in court. I'm getting tired of stupid people like you.

"most of you are a bunch of idiotic sheeple without intelligence" - Thanks for the compliment!

You falsely quote: “Clause 14: Initial creation period is either one hour or until the hidden cap has been reached. It must be at least one hour, but when the hidden cap has not been reached, it will be longer.”

This while the BNT Creation and Bprotocol Foundation Contribution Terms and Explanatory Note (https://bancor.network/static/BNT_Creation_and_Bprotocol_Foundation_Contribution_Terms.pdf) clearly state:

“Initial Creation Period: The Initial Creation Period starts on June 12, 2017, at 14:00 GMT and lasts for a maximal duration of 14 days (“Duration of Initial Creation Period”) or until a hidden cap implemented in the SCS (“Hidden Cap”) has been reached, whichever is earlier. In any event, the Initial Creation Period will last for a minimum of 1 (one) hour”

In other words: The minimum duration is 1 hour and the maximum 14 days.  

You falsely quote: “Clause 15: Here it clearly states the minimal initial creation period is 1 hour long. Not more. Not less.”

It is clearly stated in the Terms and Explanatory note:

“Minimal Initial Creation Period: Independent of the Hidden Cap, the Initial Creation Period will in any event last for 1 (one) hour”

In other words: The initial creation period must at a minimum be 1 hour long. Common sense dictates, according to what’s stated, that they were well within their rights to go over 1 hour.

Furthermore, you state: “Clause 16: "After the Minimal Initial Creation Period, the Initial Creation Period automatically ends once the Hidden Cap as implemented in the SCS has been reached."

“Hidden Cap: After the Minimal Initial Creation Period, the Initial Creation Period automatically ends once the Hidden Cap as implemented in the SCS has been reached. The amount of the Hidden Cap will be communicated once contributions amounting to 80% of the Hidden Cap have been recorded in the SCS. In case Contributions during the Minimal Initial Creation Period exceed the Hidden Cap, 20% of the exceeding Contributions will be allocated to the ETH Reserve Balance. The remaining 80% of the exceeding Contributions will be locked for two years in a smart contract serving the purpose of stabilizing the BProtocol ecosystem by purchasing BNT (at the price of 0.01 ETH). After the two-year lock-up period, remaining ETH will be allocated to the Foundation to be used in accordance to para 33”