Quote from: CleanWaterCoin on April 01, 2014, 04:44:32 AM

Quote from: WALKEN-COIN on April 01, 2014, 04:34:54 AM

Quote from: CleanWaterCoin on April 01, 2014, 04:08:54 AM

Quote from: BTCspoon on April 01, 2014, 03:46:41 AM

Quote from: CleanWaterCoin on April 01, 2014, 03:32:40 AM

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 weve 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--thats what our day jobs are for. So by investing in the PLC you are not only getting Clean Water Coins, but youre 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.

Basically, someone watched how much was being invested at launch, decided to put a percentage of his or her stash in CWC. All of the BTC made from the coins will go towards keeping the project going, which makes perfect sense. That is how this non-profit works. Once you have the coin up and running, the charity donation come from the volume of sales.

Non-profits will be required to keep detailed public records of all financial transactions. The app for non-profit status puts them under the eye of regulators (who may or may not be effective in policing non-profit start-ups dealing with currency swaps). Buying a portion of the PLC makes no sense, since they (the devs) have all the BTC from the PLC "sales", but lost half their pre-mined coins to people at bargain basement prices compared to what they could have got just from doing what they already said they were going to do, then selling all 10MIL when they were at the peak of the media attention and community fervor. There is no reason for them to have bought 13 BTC of their own coins, at least no reason that makes it worthwhile.

If this coin performs half as well as some others that didn't have the image potential this coin has, I will have made a good investment choice, regardless of my heavily BTC-laden friend who got in under the line.

Moving forward!

This exactly. Why would we try and put in 13 btc at the last moment? I'm sorry but it is so illogical and idiotic. Time to move on, we've wasted enough effort arguing with people who only want to cause chaos.

I have invested too a little BTC and I was a bit angry when saw somebody invested 13 BTC and my Water stake got halved, I said these must be the devs, but after I realised, oh they could invest in the own project buy making a lot of small 0.1 BTC or 1 BTC investments and nobody would be angry, so I don't think they were it. But it could be good for the coin, this big whale must be very curious about this project, and he will keep their coins for a long time I guess and won't bump it.

I see a very high potential in Water, still when I own only a very small part of it.