Actually, I expected for some excuses for not warning the community that you financial model is just an example and the real model will be different. You wrote that your exchanges list is an example in 30 days after the post was published. No warnings in the blog text.
Would you show this financial model to a venture investor? I doubt. Even if you did you wouldn't get the money.
So why do you show it to the community? Because you think they won't read it or will just trust you without any verifications.
If you say I'm wrong please tell me where I'm wrong.
All the numbers from your financial model are not real and will be different in the real product.
Number of exchanges - not real.
Each exchange share - not real.
Insurance premium - not real.
Coupon rate - not real.
Total amount insured - not real.
Thank you for mentioning about your survey and saying that conditions are 'editable'.
So if all the above numbers are just an example why do finalize your post with words 'As you can see Inchain earns in each case'? The conclusion is based on the example numbers that are far from reality. So you should write 'As you can see from our example InChain can be profitable but only with the numbers we gave you. They will be different in reality'. That would be fare at least.
Are you sure there will be bonds in your real financial model?
Are you ready to give me 100 BTC if there will be no bonds in your real financial model?
Well, we have never said that the list of the exchanges is the one we will be working with. We conducted a survey among those who are interested in the project and created a model based on their expectations.
Obviously, the platform is not not even in the development stage yet. All we can publish for now is our projections based on inputs and assumptions.
Regarding the blog post you refer to, it looks quite reasonable. However, it is not clear why you think that 15% of the market you estimated (1M BTC) is that much unrealistic, given the total absence of any competition.
Moreover, we have never claimed that we are going to stay away from the Chinese market.
One more thing, If people have their accounts insured, they might increase their exposure to exchanges and online wallets rather than cold storages.