HOLY SH*T!!!
Over $12 MILLION?!!!
They are so screwed. There's no way back from this for them now with the current market. At least we now know what they learned from Peermountain - how to screw everyone over.....lol
Keep an eye on the masternode count folks, it'll be dropping fast any moment now....the way of the shitcoin masternode scam.
I'm struggling to understand how such a massive deficit could have gone unnoticed TBH. I mean, I was more than a little concerned when I found out they were in the red by $3 million a few months ago, but to see the debt quadruple in such a short space of time is bewildering to say the least - how can that happen so suddenly? It's not like it's a bit of loose change - it's a staggering amount of money. If I were still a SYS holder I would be majorly worried right now, nobody is going to buy into the BCFN shitoken in the knowledge that they are in so much debt, which leaves SYS holders liable for this unholy BCF f*ck-up.
Syscoin users need to start asking some serious questions - good luck with that, history has shown us that they don't particularly like being asked questions.
there is not debt, bcf owes no debt it raised $5 million and most of that went towards developing syscoin, as for q1 thats on me, im the developer not danosphere hes more on management side, and you can check github on my activity its all open source and you can track how many hours I put in, more than you can count.
Its going good though, either way I'm going to fulfill my promise to bring real innovation to this space and make a difference. Again theres no debt, any numbers your seeing are offset by some type of asset, its likely just something from the RTO with Tiller. I've asked Chris about this myself and there is nothing about any sort of debt we owe, we raised money and have no liabilities. So not sure how you can pick a number but not look at the positive side of the balance side to see the offset!