Re: [BLITZ] BLITZCASH | A brand new face for BlitzCoin | FITALIZE | TVE
The Stratis swap for Blitz never happened, BUT, a deal was made and documented.
Value for Blitz comes from either/or:
1- Chris Trew honoring the deal he made with Blitz 'executives'
2- Chris Trew honoring the Stratis whitepaper and making Blitz (the first) sidechain of Stratis
Value for Blitz comes from either/or:
1- Chris Trew honoring the deal he made with Blitz 'executives'
2- Chris Trew honoring the Stratis whitepaper and making Blitz (the first) sidechain of Stratis
As much as I agree with the history you posted, Blitz hodlers will get nothing unless they take legal action now, which is very unlikely.
You do realize Chris Trew is one of the largest Blitz whales, it's very likely he (and other Stratis insiders) would actually end up better off if the 1/6 revenue split with Blitz investors was enforced by a court order. The deal has never been officially denied by stratis dev team, not once!
Stratis is a legal entity in the UK run by known people, they might have decided years ago the inevitability of Stratis being legally challenged to honor the original deal offered to Blitz, and hence their decision to mothball Blitz sidechain project and start quietly accumulating cheap 'dead' coins.
When I stake Blitz I regularly get +30 connections, not bad for a 'dead' coin
Whilst I have to agree you have valid arguments on this situation what I don't agree with is the 30+ connections as an index of health of this project : I read it as several people with their bags full of this dead coin and trying to keep it alive in the hope of getting back some value out of them sooner or later.
Hope am wrong on this anyway.