Quote from: raisinbran on April 22, 2020, 09:08:55 PM

Quote from: LuckyLeprachaun on April 21, 2020, 03:59:39 PM

Quote from: raisinbran on April 21, 2020, 09:33:58 AM

One difference with LAToken is that they have invested a fair amount of sweat equity; they got skin in the game.

What you mean exactly? They invested in Bitbay? and how do you know what they have invested in?

The term "sweat equity" means work that is performed at a discounted pay rate (perhaps even zero) in exchange for a share in potential future profits of a business. A typical high tech start-up has founders and employees. The unpaid work that the founders put in formulating the idea, performing market research, finding a viable niche, doing initial product development, drawing up everything they need to approach vulture capital (think Shark Tank) then doing the VC rounds is considered sweat equity. When they get funding they hire coders that work at a lower rate than usual in exchange for stock options, another form of sweat equity.

I believe it was Shorn who said we have a hard time convincing exchanges to carry BAY because the work necessary to integrate the dynamic peg is several times the amount of work required to integrate most other coins. We paid the up-front integration fee to four exchanges. Three of them accepted the payment and gave us ample reassurances that they would perform the integration. Once they started actual coding, however, they soon realized they really weren't up for all that hard work (poor babies) so they started doing the BS boogie then vanished into the wind. This is the type of situation that LuckyLeprachaun is understandably concerned with.

But LAToken is in the processs of actually performing the agreed upon integration. Our coders say they have been consistently asking detailed questions. And their code seems to actually work correctly (for the most part). LAToken has invested a considerable amount of capable coder hours, so they are definitely motivated to see it through to payoff.

Quote from: LuckyLeprachaun on April 21, 2020, 04:16:17 PM

I spoke to Latoken and they assure me that the problem should be resolved in a few days. Let's hope Undecided

Go to YouTube and search for: latoken davos

LAToken presented the 2019 Blockchain Economic Forum in Davos. Check out the credentials of the speakers. LAToken doesn't have a virtual server on Bluehost. They know the business side. That's why they can grasp the potential of BitBay.

Thank you for taking the time to explain all that to me, I understand now. Cheers Cool