Quote from: rpietila on September 05, 2014, 05:49:09 PM

Quote from: surfer43 on September 05, 2014, 04:23:54 PM

Quote from: aminorex on September 05, 2014, 03:55:57 PM

Quote from: smooth on September 05, 2014, 03:39:03 PM

I have (no?) idea what if anything BBR has to do with the bytecoin scheme.

I would put it more strongly: Event though it seems probable that CZ involved in cryptonote development, and hence in bytecoin development, there is nothing to link him directly with the pre-mine scam. If CZ was involved early in development but not in the fraud, almost certainly he was at least aware of it, so perhaps the distinction is too fine. If he was involved late, he could have been aware of it, but have no culpability in it. The closeness of the association, however, still would damage the risk profile of BBR in the market's view.

Scenarios in order of increasing investor risk:

1) CZ had nothing to do with BCN, and is not AS.
2) CZ is AS but had nothing to do with BCN.
3) CZ was involved in BCN, but after the pre-mine.
4) CZ was involved in the fraud, but is reformed.
5) CZ was involved in the fraud, and plans to exploit the next suitable opportunity to take money from more honest people.

In the best of these scenarios, BBR still suffers from the risks inherent in centralization of governance. It just gets worse from there on.

Scenarios 2-4 cannot negatively affect Boolberry or its investors, so they have no investor risk. It is implausible that there is any way for CZ to take money from more honest people using Boolberry, so scenario 5 is extremely unlikely. Oligarchy is just as centralized as monarchy.

False. Take an example of XMR. If David Latapie, fluffypony or any of the others was exposed as a scammer, I would race to the exits, and so would everybody. Why? Because they knew I would, and wanted to exit first. The value of the coin would be destroyed.

If this would not happen with BBR, well, it talks more about the great divide concerning what kind of people invest in that vs. in Monero, and to each his own...

I bet that the average hodlr would rationalize it as the behavior of a single bad actor not reflective of the behavior of the entire team.

Would you?

And would you honor an options contract shorting xmr under those circumstances?