So the foundation:
- Ditched the Auroracoin brand
- Sold the vast majority its Auroracoins
- Repurposed the proceeds to fund things not directly related to the coin
Let's face it. You guys abandoned the project.
To be clear we have not abandoned the project. If anyone has abandoned the project it would be the Icelanders that claimed their coins in 2014 and either sold the coins or have simply waited for other people to get involved without personally getting involved or contributing in any significant manner.
1. The Auroracoin brand has clearly not been ditched. Whatever that means.
2. Yes, 80% of the Auroracoin holdings were sold to fund the Icelandic Blockchain Foundation, of which Auroracoin is a significant interest. Aside from the CEO salary, none of the proceeds (ever) went to individuals or team members.
3. Yes, as explained the funds were repurposed but it is not accurate to say these uses are not directly related to the coin.
This decision to found the Icelandic Blockchain Foundation, maintaining Auroracoin as a primary working group within the Foundation ,
has done wonders for the legitimacy and objectivity within and without the foundation. Especially in developer and legislative circles.
While your comments are well-founded and welcome they do not represent the reality of the situation.
If you would like to participate we would welcome your contributions.
Michael Hannes
1: The CEO doesn't need to be paid, at least not with funds obtained by literally selling Auroracoin. If he believes in crypto and especially in Auroracoin he could have bought it himself from his own money. We all know this is bullshit.
2: The reality is, is that Auroracoin is going to be delisted from Bittrex. So you are NOT expanding but shrinking.
3: Show us where the money went from the 80% that has been sold. Show the receipts, bank statements or some kind of evidence where the money went. These are all very very easy answers you are giving. Zero evidence that the money is being used to create positive growth for AUR.
Furthermore, you are talking about meetups with a 100 people. Do you have any proof of that? Do you have photos or smth that proofs that there weren't 10 people at the Oct 11th meetup?
In short, the replies you gave us are filled with hopefull statements but that's it...just statements. I see no proof that what you wrote is actually true on the contrary the fact that AUR is going to be delisted from Bittrex is counterproof of your positive statements.
Normally I would accept proof like "project progression", but there isn't any progression with AUR so you have to provide something else.
Regards