Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ICO] Inchain - insurance for the crypto economy
by
baggle
on 26/09/2016, 19:34:27 UTC
Hi there,

I followed the project since the first discussion thread, but didn't have time to read everything fully.

I come with few questions:

-The project aims to insure people against exchanges being scammed. this means a large amount of people will come to claim money at the same time. How will the team handle this, from a financial and technical point of view?
-Bonds is a great idea, and very innovative.
How will you make sure no scammer won't open a bond, a run away once he'll have reach the amount of funds he fixed in his mind?
How will you be able to give information about a bond, to estimate its risk? Not that i'm a fan of current rating companies (which are pure bullshit), but they actually managed to create their place in the economy, and they're "important".
Inchain creates the bonds and holds the funds from the bonds so the only one who could run away with the money is Inchain. As Inchain also creates the bonds they will determine the expected risk.

Also an easy thought comes to my mind, what will prevent inchain to run away?

Aren't they anonymous? did they uploaded videos of them? did they shared some personnal informations proving their identity?
Pictures and text are ok, but worth nothing as long as they don't fit to real conditions to prove who they are.
If developpers are honest, they have to be liable and do what's needed to bring proofs to investors.