Re: ★★★★ [CAIx] ★ 100% PoS ★ We launched our own multipool!★★★★
Update from Developers 7/9/2014
I know lately I been away for some personal issues, however, I tried to make as much time for the project as I can. Now things are getting a bit less stressful, and I am able to put more time into steering things back on track.
As most of you know in the last three weeks the helm was held by members of the foundation mostly and I did not have the ability to make decisions on most of the important matters due to lack of time/availability. During these hard times some of the foundation members did a great job picking up the slack by getting more involved and showing initiative to get things moving along, for which I am very much appreciative and thankful.
At the start of the project we decided to burn the premine and use our revenue streams from the game and later the PSP to build a vested interest for the developers to keep improving and working. After getting a generous investment of 24 BTC to cover the costs of development for the game to get to the next stage, we were approached by another investor who offered to donate three Titans if we implement the PSP program into our project. The investor gave me 9 BTC as a down payment for this program, so I used 10 BTC from the game funds to finish paying for the first miner on the promise the investor would finish paying for it later on, and he said he ordered two more miners himself which he will use for the PSP as well. This investor was obviously seeking a pump to exit with profit and used the 9 BTC donation as bait for us to announce the PSP. This investor later delivered a message to a foundation member while I was away, that he will not deliver on his promise. Virtualann or TheGir or Roscoewins or whatever he likes to call himself took that info and went with it public which by itself is not a problem, but he made it look like I was hiding something. This was frustrating because when that message was delivered in the foundation room I was not even around. When I found out I told everyone I wanted time to contact this investor and find out for myself.
When we got the 24 BTC for the game project and 4 BTC income came, I promised people 14 BTC dividend from that, there was nothing forcing me to do this, and this was not even income from the game. So in total we had 28 BTC 10 were used to complete the first TiTan purchase, about 11 so far been given for the nodes and some nodes still have to be paid. I made payments to the game devs as well.
When we got the news about the investor defaulting on the miners, we still had the 14 BTC from dividend and some in the foundation suggested strongly we use that to buy another Titan to add to the PSP but after much thought I decided to go along with the BTC payment for dividend although that put us back on funding for this project in all. Making the decision to pay the dividend might not make much sense to you, but I could not find it in me to tell people one thing and do another.
I been going over much of this, and giving it a lot of thought. Also I contacted the investor who invested in the game to see if we can get some help on the PSP as well. But we do need some help from the community as well so I setup a development fund to help move the game and the PSP.
CAIx address: XdUpLTUQn9G7CFs8UZaDZLJsbJcMFkk3Vf
BTC address: 14RXPn6k4vWnTLvmVhJfXpSkHc28DAzryt
I will have an answer tomorrow from the game investor if he wants to help fund the PSP program as well.
This is the whole story so far. Am I giving up on CAIx? the answer is no, and I am not disappearing with bags of BTC, so far I have spent over 26 BTC of my own on this project and I will make sure this is not the end of the road for us.
Although the investor who defaulted on the PSP program did us some harm, however, his idea was brilliant and genuine. It will probably go through some changes to allow dividend payments. I strongly believe it's worth saving, and the lord willing will hear some good news tomorrow from our game investor.
Below is a snapshot of the new wallet that will be released this week. Wallet is done and will go through some security scrutiny by the dev team to insure it's safe for release.
Joseph Stuhlman
7/9/2014
Special thanks to foundation members Pieterjanvh and Mvaessen for the great work done on the Client GUI.
Thank you for the update and honesty! lets hope the game investor will see the potential off the psp and will contribute to it. Also a big thanks to Pieterjanvh and Mvaessen for finishing the wallet! Cant wait to se the result
