Post
Topic
Board Announcements (Altcoins)
Re: [ANN] CleanWaterCoin POW+POS | 1st Nonprofit Organization Coin | [Launched]
by
CleanWaterCoin
on 01/04/2014, 04:08:54 UTC
I don't know what to say other than we already explained exactly what happened:

Quote
Regarding the 13 btc, that came in from one investor about 30-45 min before launch. Since it was such a large sum they wanted an escrow and we obliged. To be honest, we were so busy prepping for the launch I didn't pay it much attention because I wasn't entirely sure they were serious. We had a good number of BTC come in up until a minute or two before 2 pm PST, which is when the PLC closed. We didn't accept anything after that time, but it did take me an hour our two after launch to finish listing all the info. I don't know how I can prove the 13 BTC came from a legitimate source without revealing the guy's identity, but I absolutely won't do that without his permission. I posted the TX ID and you can see we received that full amount so it's not a trick to retain coins--that would be counter-intuitive. We wouldn't spend all this time and effort to be transparent and then try to deceive users and keep coins.

We don't have 48 BTC, I wish we did. If that was the case we wouldn't have offered any Pre-Launch Coins because we wouldn't have needed any. It's a sad moment to have people drag your name through the mud and make false accusations because of greed. I'm sorry that someone investing caused you to receive less coins but that doesn't make us liars.

So in other words, you are saying that the IPO is here to cover your personal need. Self charity, nice concept indeed, so much for the non profit...

Who said that? Your arguments are so asinine.

This is from the OP:

Quote
Clean Water Coin is a major endeavor and although each of us on the development team has a “day job” we cannot fund this project entirely ourselves. If we could we would. Wherever possible we’ve relied on the skillsets of our team to put in work and reduce the costs, however, there are still hard costs and fees that we could not offset. That is where the PLC comes in. 100% of the BTC invested goes towards the Clean Water Coin Initiative. From development and server fees to marketing and outreach programs. We are not using the IPO as a source of income--that’s what our day jobs are for. So by investing in the PLC you are not only getting Clean Water Coins, but you’re supporting the organization and helping to build a charitable community.

I feel like Frodo right now and the PLC is the ring. I wish it had never come to me.