We have been in business for over a year and a half, and even with the struggling crypto market, we have been fortunate to hit good points most of the time with conversion to fiat for use in building the company. While we utilized Bitcoin and Bitcoin Cash upfront to get the business up and running, all those upfront costs were associated with building the business, and we still have roughly half the Ethereum that we raised during the ICO and nearly all of the Ripple and LiteCoin we raised are still stored in Cold Storage.
Okay, someone is lying here. According to Substratum’s whitepaper, the BTC, ETH, XRP, BCH, and LTC collected during its ICO was hedged four ways into BTC, ETH, USD, and USDT (25% each). Now, Justin Tabb is saying there is still XRP and LTC “stored in cold storage”, which is impossible if Substratum did indeed hedge its funding as stated in its whitepaper. Also, Substratum does not have “roughly half the Ethereum” it raised during its ICO left. Substratum raised 17,778.25 ETH, and there is currently 5,150.991684 ETH left in the treasury – that’s ~29%. Last time I checked, 29 ≠ 50.
We don’t ever want to put out a substandard product just to hit some arbitrary deadline.
The only one who’s been constantly making release date promises since 2017 is Justin Tabb himself. In September, Tabb said, “Before December 31, 2018, SubstratumNode Production Version 1 will be available. Quote me on it.” In a December interview with Datadash, Tabb assured viewers that a production version of SubstratumNode would be released before the end of the year. The only “arbitrary deadlines” that exist when it comes to SubstratumNode is Tabb’s own
shilling arbitrary deadlines.
CryptoPay is still very much in the pipeline.
Quote me on it.