Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ICO] BITBASE Escrow Technology Changing Smart Contracts as Whole
by
unlimitedtires
on 06/11/2017, 16:16:01 UTC
The majority of People bought during the ico - as yakov said only 5% of btbc are on coinexchange. The ICO was specially towards the end not sold out - it is only a bare Minimum of People who bought high at $4 or similiar. Main concern should be ICO buyers as they put their trust in the project and are the majority of coin holders -  Coinexchange is open market in the end.

Its not the users responsibility in the first place that those kind of measures are even necessary after messing up the product launch so hard. Not only did technical flaws occur (which can happen in ICOs), he also made random decisions and rare community updates, which is under his full control. Have you ever thought that these 5% of investors who were able to leave the platform to sell on coinexchange are getting their platform coins refunded by Yakov? He said he is going to do a rollback from all the funds. This is a mistake.

Think about it. If those people who sold their tokens from the ICO (which is 5%) are replaced by the people who bought these tokens from coinexchange, the total amount of tokens remains the same. So ICO investors are not even affected, because the total supply remains the same.

The way he is planning to do things is, he is giving the luckers who sold their tokens from the ICO right away even additional tokens in their wallets and he is burning those who actually bought these BTBc tokens from these luckers.

Sounds fair to me. Not.
I Agree!
It is not fair to reward the one who ran to sell them in an exchange and punish whoever bought it in the exchange. That's why I think that to repair the mistakes Yakov have to do a swap 1:1 and start the project well, without anyone losing money.