Quote from: ribbitrewards on April 29, 2015, 04:18:33 PM

Quote from: Safty on April 26, 2015, 11:53:34 PM

@ribbitrewards

There are inconsistencies and you are not keeping up your words. You initially said only 400M + 100M coins to be used this year and rest 500M to be used in consecutive years. I would not be surprised if you announce about increase in total number of coins to 1.5 Billion in few months citing corporate reasons or whatever ...but that will be disastrous and the end. As of today, there is no rewards blockchain, chance for mining and we have been waiting patiently. Even without any final release, you were able to liquidate 100M+ coins which buyers like me are holding in hope. The Marketplace.Life website is okay but have numerous errors (I understand its in Beta, but many silly errors which raises the question about proficiency of dev team) and subpar features. Even if its in Beta, I was able to get on-hands with proposed features. For example when a person wants to favorite an item in the marketplace listing, it takes to new page and every-time the user has to navigate back to main page to select/fav the next item. Its just an example. Not so impressed with the software as of now. As an investor, I am aware of all the risk involved, but the direction and pace of this project is not encouraging. There is less than 1 btc support for RBR at Bittrex at the moment. Also when I asked about the paid airdrop information, I just got an ambiguous reply. (https://bitcointalk.org/index.php?topic=997015.msg10863240#msg10863240). With dozen team members, RBR has more than 3 threads in bitcointalk and so disorganized. You also fail to provide any ETA for features and roadmap. You marketed your coins thru bitcointalk and its fair if you can be more active and discuss with the community about next steps. Looking forward for answers. Thanks.

Hi,

Zlatko here again I just want to say that I appreciate the honesty and I would agree with you on most of the points that you made in your statement. I can assure you that we are taking every step to be 100% transparent with our supporters and keep everyone update on what is going on. I dont disagree with the fact that it seems as if we are in Stale mode. We have had some setbacks on the Rewards feature for our Blockchain. A portion of it is on the development side and a portion of it is on the financial side. Ribbit.me has been a bootstrapped company from the beginning. We are focusing on securing that funding as well as developing relationships with financial players and rewards program operators. I appreciate that from the outside this is not apparent until it is released but we are working on getting everything to fruition. We have been doing everything in our power to keep things rolling along on a very tight budget so that we keep our promise to bring the RibbitRewards Blockchain to the mainstream.

Unfortunately under the NDA we cannot speak on the the details of future developments and partnerships that we have been working on. I personally hope that you stick around and continue to support RBR to see everything roll out.

We have decided to take an additional 100M RBR out of reserves ahead of schedule to use it as an incentive Marketplace.life merchants and RibbitRewards rewards program on-boarding. This is a strategic business growth decision which will likely be positive for the overall demand for RBR in a growing RBR economy. None of these RBR will be liquidated into fiat by us.

As for the Marketplace, that is coming along with steady development as we begin to push it out to the public. We are clearing up some legal stuff in order to make sure that things are in place for the sellers and buyers. There is one small detail I can share with you which is: we are hooking up with payment processors to integrate RBR directly into their current system(s).

In terms of the Blockchain, we plan to make it available to the public through merged mining as we highlighted in earlier documentation - This should happen in about 2 weeks - We appreciate that this has taken some time to get out, and thank you for your patience - we promise it will be worth it!

Best regards,
Zlatko

Thank you for your response.

Do you know how many hours and days I have spent to collect your coins at minimum price? Its painful man. You just reduced my % in portfolio in a minute. What is the advantage of being an early adopter and supporter when your team brutally increase the number of coins after 5 months? Very unethical and unprofessional. You really should consider restoring back the 100M coins which you took from promised proposal. Your initial proposal was only 400M + 100M (miners) in circulation for year 2015. Rest 500M to be used in subsequent years. Can you restore the coins back? I have been following RBR since the start and looked at the distribution chart almost every day at Bittrex. Its easy for me to guess fellow early adopters and big bag holders from the thread, twitter and Bittrex coin distribution chart. I wonder why they are not against increase in 100M more coins this year. Even when your block chain is ready, you cant just take 100M coins when you promised using it only from next year.

Can I see any document explaining the architecture behind your rewards based block chain?. Can I see your patent synopsis? I am willing to offer my comments.

Safty

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