Quote from: Cognitive-PR on February 25, 2014, 11:05:42 PM

Quote from: Tafelpoot on February 24, 2014, 01:43:04 PM

Please clarify:

4.09573021 coins leaving from 1cogxXy to
- 1.91145049 to 1Gw8o, the Cognitive havelock deposit address. This is the 10420 shares * 0.00018344 btc dividend per share.
- 1.91145049 to 1coggh, the Cognitive reinvestment fund, now at only 11.2291 btc instead of 15.
- 0.27272926 to 1Garr255, Garrett's public personal address... but why??

The contract states that all operating costs will be covered by the operators shares. I don't see any valid reason to send Cognitive funds straight to Garretts address.
Did you not make a separate wallet for Cognitive, resulting in sending all change money to your personal wallet? Please keep personal wallets separated from Cognitives.
Any coin that goes to 1coggh, intended or not, belongs to Cognitive.

Garrett plans to get online tonight and give you a more detailed explanation, but for now here is a brief explanation:

For a period of time, Garrett was using personal funds to pay dividends. The funds that were transferred from 1cogxXy to 1Garr255 (Garrett's public personal address) are compensation for that. I am going to contact Havelock and get records of when deposits were made into the COG dividend account and from what address they were sent. Then anyone should be able to verify that the dates for both the deposits and the dividends were the same, and that there were indeed deposits to 1Gw8o from one of Garrett's personal addresses equaling 0.27272926 BTC in value.

Quote from: Code_red on February 24, 2014, 02:41:10 PM

Why is there not at least 15.09686895 Btc in the reserve fund? The cointerra order was placed before cog was launched on havelock. So why is the not 50 percent of divs in the reserve fund? Why is the reserve fund still not completely public? This is bitcoin these are not hard task to accomplish this is the cognitive wallet mining revenue goes in, and any time that a single satoshi moves from the wallet there is a explanation. That way none of this crap is a problem and investors are not left with broken promises about transparency.

Garrett and I will come up with the exact price of the CoinTerra order so the amount in the reserve fund can be verified. The CT hardware was priced in dollars, so we will have to check the price of bitcoin at the time of the CT purchase to determine the value of the CT hardware, and ensure that the amount of BTC in the reserve fund is valid.

The reserve fund is completely public: https://blockchain.info/address/1cogghK1bWFNSVHdicX2dQLfcWJzxHBHY

As I said, Garrett will be online tonight to give a better explanation.

- Samuel

Thank you Sam!
This sounds a lot more professional and transparent, this can really be a good start of Cognitive.
I really hope Cognitive can clear up every doubt we have here and start a healthy growth!