Quote from: lordhavok on June 29, 2014, 05:22:15 PM

Quote from: GreXX on June 29, 2014, 05:18:13 PM

Quote from: mishax1 on June 29, 2014, 04:43:03 PM

15% to go into your pocket and 10% for development ? why so greedy ?

And why don't you just invest your BTC at the IPO to get stakes ? (How would we know if you didn't invest another 100BTC and got a final balance of 50% of the total coins? )

I really don't understand why everyone keeps throwing out the word greedy. As an investor, you are being rewarded with stake in the currency at the early stages for your support of future development. But, the current developers are responsible for ALL current development up to this point on their own dime. I think the people who put in the sweat and tears to make this thing a reality deserve some credit here. Without the development team, nothing exists.

Greed on our part isn't the issue here. Asking us to work for months for free with no compensation so that you can profit off of a product we created is greed. I don't think there is any stronger definition of the word. If you think the amount we are holding back for payment is too high, I understand your complaint and disagree.

I'm not trying to be offensive here and I have been very patient, but at this point my answer is simply this; If you disagree with the distribution model, which we have been very open to adjusting and are doing so based on community feedback, then walk. We can't please everyone, we are happy with where we are at, and if 1 or 2 possible investors have to walk for us to launch in the way that we think is equitable, then I guess that is the reality.

We have discussed the distribution ad nauseam in this thread already and explained our reasoning behind the numbers we chose. I also recently posted an update to how we will be scaling the 10% amount based on BTC earned. I think that is as far as we are willing and able to budge on this matter and I think it is a good compromise.

As per your other note, we didn't make it a binding rule that a developer couldn't invest in the launch as far as I know. I wish I had 100 BTC sitting around to invest in anything, lol. I personally have chosen not to invest anything additional because I don't want the coin to end up in the hands of a small number of people and also because I don't have extra holdings right now to put towards the launch. That being said, I can't control anyone else's actions and they will have to speak for themselves.

I totally agree with greXX, get involved or not, it totally up to you. nobody but yourself should responsable for your investment.
And, somebody here should pay for your tuition on your investment.

The term 'greed' is typically used as a tool for emotional manipulation, used by one person or group to control another. It is devoid of informational content in that there is no objective definition of what is 'greedy'. How much of an expected return on investment constitutes greed? 1%, 5%, 10%, 100%, 1000% or more? At what point does it become greed? At what percent reserve of shares for developers does it become greed? .1%, 1%, 5%, 10%, 20%, or 50%? I would be interested in seeing a consensus agreement on where we draw the line, so we can have an objective definition of 'greed'. As far as I'm concerned, if you can't put a number on it and objectively define something, then it doesn't exist - it is just non-scientific, emotional, irrational psychobabble.