Post
Topic
Board Announcements (Altcoins)
Re: BitBay |Decentralized Marketplace|Smart Contracts|IoT Tech|Markets Open
by
The Sound And Fury
on 17/12/2014, 19:08:30 UTC
Intermezzo:

The BitBay ICO was a different animal for Bob’s group. It was, in some ways, a risky move.

For the first time, Bob would not control the coin.

Bob’s involvement was fairly limited: the Chinese heavies who were starting BitBay had lined up a dev in Zimbeck. But they had no expertise in marketing a coin. This was to be the responsibility of Bob and his group, in return for their share of the ICO.

The problem was that Bob did not control the majority of the coin supply. Bob was an old school pumper: he knew that knowing where the coins were, and having control over what was happening with them was crucial for moving a market. With BitBay the Chinese would hold the majority of the coins. And they could shaft Bob at anytime.

The Salamander was sent to China to sign off on the deal for Bob. The Salamander was not supposed to be the fixer this time around: Steve was in charge of the project. And Zimbeck of Halo fame had signed on to be the dev.

But what the Salamander found happening in Cambodia needed fixing. And that’s where the trouble began.