Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Tokens (Altcoins)
Re: [ANN]ChronoLogic - Proof-of-Time token on Ethereum
by
stormia
on 18/09/2017, 07:01:40 UTC
Quote from: jvper on September 18, 2017, 02:20:44 AM
Quote from: stormia on September 18, 2017, 12:05:55 AM
Quote from: jvper on September 17, 2017, 11:31:21 PM
Quote from: HEvangelista on September 17, 2017, 10:00:08 PM
I see that the bounties are over and now the question is what is next for this project. I will read the whitepaper later once I have the time to check on this. Innovative and out of the ordinary concept.

Bounty participants received YESTERDAY tokens. They will receive DAY tokens within 3 days. If they rightfully sold their YESTERDAYS before 3:30PM, they will NOT receive any DAY tokens. As a result I am afraid the distribution of DAYs to bounty holders will be lower than 0.8% of the total DAY tokens sold in the crowdsale. If this situation happens, it will configure a clear violation to the terms of the bounties campaign. People could ultimately call it a "scam". I urge the team to consider that despite nobody was entitled to earn YESTERDAYS, so the distribution of DAY tokens to bounty participants must be 0.8% regardless of who sold YESTERDAY tokens or not.

Lol no. How would that make sense? The people who sold their YESTERDAY would be receiving unfair compensation, in that they were able to sell and still receive DAY whereas those who were smart and payed attention and followed the rules would be punished relative to those that decided to sell. The rules were outlined beforehand I don't see how you can expect them to make exceptions for those who didn't follow directions. It was their choice to sell YESTERDAY, and they had every right to do so, but that doesn't mean they have a right to unfair compensation going forward. You can't eat your cake and have it too.

I'll explain using an example: imagine I promise you 10 ETH for one BTC. You send me one BTC and I send you 10 ETC. You would ask me to send the 10 ETH either way. If you sold your ETC or not it doesn't matter. You still are entitled to receive 10 ETH, otherwise it is a scam. Now read the sentence again considering ETC = YESTERDAY and ETH = DAY. This is the problem. Nobody received DAY yet. What they sold was another token affected by different chronopower, not the one mentioned in the whitepaper. Some people may have noticed the difference (at least at the moment the minting occurred) and sold those wannabeDay tokens. They are not the ones to blame.
Your example doesn't make any sense. The actual analogy would be if I agreed to send 1 BTC to you for 10 ETC that I agreed to hold onto until you sent me the 10 ETH, if I break the deal by not holding onto those 10 ETC (part of the deal) that was my fault and I am the one who broke our agreement. Imagine the 10 ETC is "collateral" if somebody gives you collateral for something they plan to give you in the future and you sell that collateral you broke the deal and they are no longer obliged to follow through on their end. You're acting like you should be allowed to have your cake and eat it too, but you shouldn't.