I feel an important question that hasnt been asked yet is where did all the BKS funding go?
At the time Jordan (@Phoenix) estimated 200,000 USD in funding would be needed to complete the project. A total of $320,764 was raised in the crowdsale. Yet Jordan (@Phoenix) reports here that only 122,288 US-NBT Nubits are left (mind you several thousand Nubits of that ammount were acctually generated by parking). That means over 200,000 USD has been “spend” on the project.
Remarkably Jordan stated in late February that:
Progress has been slower than expected because developers (most of whom had agreed to work about half time) haven’t put in the quantity of hours that were discussed when the project began. Fortunately, this means little funding has been consumed, so we get another chance without needing any additional funding. The best way to resolve the issue is to simply require full time developers, so they don’t have any other work competing for their time and attention. Additionally, these two full time developers won’t be working on the NuBit project at all. There has been a dynamic where the shared team for B&C Exchange and NuBits tends to put more time than expected on NuBits because it is a live and operational network, which means issues tend to seem more urgent than they do for the not yet operational B&C Exchange.
How is it possible that 200,000 USD in funding have been spend and yet the project is far from finished. Even more remarkable is that according to Jordan in late February only “little funding has been consumed”. Yet so much funding is gone now where did this money go?
According to @sigmike by what he could tell late July after the Nubit crash happend:
[quote=“sigmike, post:31, topic:3651, full:true”]
I think the last team consisted of only @Eleven. @glv’s last work was in April and @erasmospunk’s last work was in February. And I was barely involved when the Nu crisis happened.
Last week I asked @Eleven whether he was still working on B&C and he told me he was on vacation but was now ready to get back to work. I asked him to put the development on hold until we have a proper plan.[/quote]
-So we know Jordan estimated 200,000 USD needed to finish the project
-We know over 200,000 has been spend and yet the project is far from complete.
-We know from Jordan late february little funds were spent.
-By @sigmike estimation not much had been done on the project since late February and only @Eleven and @glv worked on the project in that time.
Then that really begs the question where did all the money go?