Ok on the surface this sounds great but I have two very important questions or I'm declaring red flags:
1. How do you plan to manage the ICO so that distribution of coins is even or at least even enough to prevent a 51% monopoly on coin ownership occurring in the hands of a small cabal of owners.
- 19.95 million coins for 500btc isn't much for some people and whale dominance can completely override the benefits that PoS otherwise brings.
- Is there going to be a maximum limit per individual investor?
- Do you think whale accumulation will damage community confidence in ebitz?
- Do you have any other mechanisms in place to limit whale accumulation (e.g. single person ownership >15% total supply).
2. Why don't you have your own dedicated whitepaper?
- Yes you explain the differences between zcash and ebitz nicely but you haven't explained how you are going to convert the zcash anonymity protocols to work on PoS.
- Where is the code for ebitz to explain how the PoS switch will be handled and scaled?
3. What is the method by which you will be receiving funding?
- I appreciate you are accepting bitcoin but having signed up to your wordpress website I see no explanation of how the ICO funds will be received/sent and how the tokens will then be issued after.
- Is there an escrow service?
- How do I know this isn't just a scam to steal my money?
4. Does this implementation still require a trusted setup?
...
I do like the ebtitz concept; PoS Zcash without a founders fee and future implementation of a marketplace are major plus points in it's favour over other anon cryptos but the time to ICO is very short (suspiciously so) and there are some big red flags unaccounted for here presently.
I am very interested but please could you provide a response to these important questions otherwise I am staying out of this one.