Ninjastic
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Board Announcements (Altcoins)
Re: [ANN] UR - Distributed Via A World-wide Airdrop, Based on Ethereum
by
bit tired
on 17/10/2016, 18:14:49 UTC
Quote from: ur-technology on October 17, 2016, 05:53:14 PM
Quote from: bit tired on October 17, 2016, 05:17:31 PM
Quote from: bones261 on October 16, 2016, 04:46:22 AM
Quote from: BTC Community on October 16, 2016, 04:35:48 AM
Quote from: bones261 on October 16, 2016, 04:17:04 AM
Interesting. Another reason that I should finally upgrade my flip phone. Cheesy
congratulations ，you got a new cellphone.

Not yet. I'm still trying to bring myself to spending the extra money. However, my flip phone is starting to become a joke that I tell to my friends.  Cheesy

Now back on topic. OP, this Airdrop distribution fund. Will it be an automated function of the blockchain, or will human actors be in total control of the fund? I just want to know what measures will be taken that would prevent human actors from distributing a substantial portion of the funds to themselves, dump and move on. I know that it will be transparent. But a fast move by a bad actor can take a matter of minutes and not give time for the community to react.

Edit: I see that the OP answers this question. Sort of.
Quote from: ur-technology on October 16, 2016, 02:24:17 AM
Q: How do we know the UFF Funds won’t be dumped on an exchange?
A: The UFF funds will be trackable through publicly auditable addresses and announced transactions.

But will this be enforceable by a well written smart contract? Some other function of the blockchain? Otherwise, it involves us absolutely trusting the individual(s) who have control of the private keys for the addresses of the fund.

If can't understand how the dev can use a well written smart contract to secure the UFF Funds without trusting some humans in control of multi-sig private keys. If the dev decides who those humans will be there's the risk he could collude with them to dump the UFF Funds.


UFF fund transfers will be announced on the UR.technology website to users who 1. publicly identify themselves and 2. their UR addresses. The process is not governed by a smart contract, but is nevertheless publicly verifiable.

So we have to trust you not to dump all the UFF Funds, and the only reassurance we have that you won't dump is an address you will publish containing those funds? If you choose to dump 99.9% of people won't notice for hours.