Quote from: chocobo on July 09, 2014, 06:11:24 PM

btcdrak, how much will you be buying? I trust you but it would be an easy way to get free coin if you wanted.

Thanks

That's a fair question and I have no way to prove my answer. I *totally* understand how skeptical people have become because of the daily scams on BCT.
Personally, the only presale I have participated in was Maidsafe and even that went terribly wrong despite their intentions. Anything can happen in crypto.

I am running this initial coin offering for a few reasons, the first is because I believe it is the best way to bootstrap a coin and the 'coin economy'.
As an experienced trader I know how coins get abused at launch and what whales are capable of. If you have ever read any of my pastebins, you'll have some
idea of this. As a developer I am aware of a myriad of ways to hide a premine and are a lot more easy than going through all the rigmarole of writing
dedicated presale software.

The second reason is I wanted bootstrap the project because frankly, I believe if it can't raise a decent sale value, then maybe it's not worth my time.
I've had this idea since October 2013 and for one reason or another I never got around to implementing it, and a lot of innovations have come along
in the meantime, but they still did not address my original concern. I am glad I waited however, because all good ideas should build on the shoulders
of proven innovations (which is exactly how Bitcoin came into being).

So my intention is to mine the coin and run a mining pool.

FWIW: I am also taking a lot of personal risk with this coin launch. It takes a long time to build reputation, and minutes to destroy.