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Introducing TBC2
TBC was started with the view of ending world poverty through abundance, a noble cause for sure, and one that could be achieved if enough people are involved around the world, however it is our opinion that TBC is being held back by insufficient resources and questionable motives by the current admin(s). We were told recently in Admin Blog Poststhat TBC is limited to 90 transactions per block (with a block every two minutes) due to a code problem with daemons (nodes), however this was discovered several MONTHS ago and we are still unable to send and receive OUR coins without issue. Even with an entire code re-write this issue could be solved in a matter of DAYS, let alone many weeks and months!
We are further informed, that Admin personally has $40,000 – $50,000 PER MONTH in overheads, servers, websites etc, however servers (the same ones used by 90% + of the existing altcoins on the market today) cost $2-$5 each per month for virtual servers (or $20-$50 for more powerful dedicated servers per month). We know there are 15 servers (admin has said this in a recent blog post) so even if we are generous, we can say server costs are $750-$1000 per month as a maximum, for the 15 servers in use.
Add onto the server costs the website costs, and again being generous let us say $1,000 a month (although presumably it is far lower in costs as most sites with high traffic cost far less than this). This leaves us with some $38,000-$48,000 a month for “Other” costs (Admin said they pay a technical person to deal with these issues, a six figure salary??) We have to ask, what on earth is this technical person actually doing to justify this enormous salary since the issues we face now have been experienced for over 3 months!!
Either Admin are telling us blatant lies with what they state as overhead costs to run TBC or they are seriously mis-using their time and funds, but at our expense !
In addition to the costs that “DO NOT ADD UP “, we are told about a BANK who wants to run tests with TBC Members with instructions to follow. “WOW”, I said, “Can this be real?” After listening to Dan Lutz webcast about the TBC Bank I thought it sounded like something that could have potential, so I immediately signed up (as did many thousands of our fellow TBC community members) and paid my $10 annual fee to join and become a tester, waiting for further instructions to follow. These further instructions finally arrived, again after several weeks of ‘Admin’ related problems. Apparently, we have signed up to be part of an MLM program, as the further instructions state that in order to be a tester for the Bank, we need to recruit 100 people into Kringle Cash.
Therefore, it would appear that this ‘Bank’ is trying to create an MLM through TBC. Does this seem suspicious to anyone else here? To me, this is clearly a ploy to get many more people involved in TBC by giving them free Kringles, which I understand will grow the membership quickly, which is what we want, BUT, what is actually happening is that people are PAYING others to recruit for them. We can see in many TBC groups right now, people selling their services to recruit people into TBC for a fee, however, we have to wonder, how many of these recruits and new email addresses are real? 100 new members in 1-2 hours? That is some serious recruitment power these people have, for just a $30 fee !
My main concern here is that the Admin has stated in yet another Blog Post that there will be a $10 fee per member (wallet). With a current total of over 700,000 members signed up to TBC, we are looking at a potential of over $7 million USD and growing daily. Admin states these fees are needed for overhead costs (which detailed above is clearly excessive and highly doubtful) but even IF the overhead costs were justifiable and proven to be $50,000 a month, we are talking about more than 10 YEARS worth of overheads ??
‘ADDING INSULT TO INJURY’ TBC Admin has started to charge for wallet access:
To top off our doubts and suspicions, we quote another telling admin blog: “I hold all of the passwords to all of the servers and effectively the on and off switch for the whole TBC IT Network!” If you read the whole article here, Admin is trying to reassure us that the reason he is anonymous, is so that “they” (the elites) cannot get to him and make him turn off the network and he has our best interests at heart after all.
What this statement says to me however, is that ADMIN ALONE holds all the power. Where TBC is concerned, he is the Elite. If he decides he does not want to run TBC anymore, off goes the power? If he decided enough people have paid for their wallets and he has $3m -$4m – $5m+ in the bank from members paying for wallets, off goes the power? These are sinister thoughts, so let´s bring it down to less sinister ones, what if he gets hit by a car crossing the street, off goes the power? If he has a heart attack, off goes the power? TBC is closed source, if Admin disappears, through sinister actions or not, will TBC continue to function without him or her? Anonymous, pays the bills, pays the technical people, the developer(s) (apparently) the servers etc, if he is gone does TBC endure, or does it go offline and we all lose our TBC coins and investments to date?
Have you brought TBC to others? Loved ones? Business Partners? Group Members who trust your judgment? If TBC goes down and is lost completely, will your reputation suffer for it? We all will suffer considerable loss of trust.
I personally believe in what TBC stands for, as I and my partners, families and friends, have over 30,000 TBC between us, we have all paid our TBC Testers fees to become testers for the bank, but we have become disillusioned by the current situation with TBC transactions and the new MLM that Admin and this ‘Bank’ appear to be trying to create. We have lost many investors due to the issues with transactions literally NOT WORKING and have stopped promoting it completely due to these ongoing issues. We have attempted to speak with Admin through people who say they know or are in contact with Admin. We have offered our expert technical assistance FOR FREE to repair the issues with TBC transactions to get everything working smoothly again, we have offered this assistance more than once and each time we did so, we have been ignored or even shunned and told we were wrong. We offered to work with Admin to ensure the source code stayed closed and in Admins complete control, offered to help set up a mining system where Admin could control the pool and distribute the mining reward to the miners and yet still retain control, this would not only improve TBC transactions but would also reduce costs vastly.
Instead of accepting FREE help from us, Admin has opted to continue promoting this facade of repairs being carried out at great costs, and yet we still have a “broken” TBC where transactions do not send or receive smoothly after many months. Admin still continues under the guise that more wallet fees are the only way forward to fund these expensive and thus far, evidently ineffective repairs.
I personally think that once admin has enough money in the bank from “Wallet Fees” the plug will be pulled on TBC and Admin will likely disappear. This is obviously conjecture and my personal opinion, but I know it is shared by many TBC members I and my friends and family in turn, have spoken to since May.
TBC2 will be an Ether Token (ERC20 token) deployed on the Ethereum Network. Therefore, ERC20 compatible wallets can be used, existing block explorers can be used, existing apps can be used, and the coin will be “open” for anyone and everyone. Being an ERC20 token also means TBC2 can be added to any public trading exchange and will NEVER be subjected to poor admin controls or stipulations like “wallet fees”.
To get involved in TBC2 see “Purchase” page. TBC2 will be for everyone, not just existing TBC members/holders. For those of you more experienced crypto traders/users, we would urge you to look at the existing TBC communities that exist today. There are over 700k TBC members and the communities grows every day by thousands of members despite the fact that TBC is currently not working as it should. There is huge potential for TBC2 as we hope to harness what TBC has started and continue forward with an open-source, publicly tradable coin without limits or restrictions imposed on members.
