Re: 🎥📀 PUREVIDZ.NET 📀ICO OPEN📀LIVE DEMO & 2 ESCROWS📀VIDEO STREAMING📀 VIDZ 📀🎥
Self Moderated Thread. I do like the idea of the project.
This is not truly escrow as you hold all the funds for a certain period, say one of your batched was 500 btc, You could run with it. this is FALSE escrow to give a false sense of security
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Disclaimer: Every user will have a unique deposit address automatically generated by the PureVidz team to automate accounting of funds. After funds are deposited to this address and a sufficient amount of confirmations are met (3) the user will be credited that amount to their account. Funds on user addresses will be moved in batches to the escrow address. The escrows can only be held responsible for the funds held by the escrow address. This funding process is no different than typical modern crowdfunds conducted such as Waves.
This is not truly escrow as you hold all the funds for a certain period, say one of your batched was 500 btc, You could run with it. this is FALSE escrow to give a false sense of security
It has a disclaimer how can that be a false sense of security
Nobody in their right mind will invest a lump sum after reading the above disclaimer, it takes very little effort to make small investments and wait for them to be placed in escrow. They are sent long before any significant amount or batch has built up going by the past happenings, there has been like 3 batches I've seen sent to escrow and that is a few btc total, sorry worries are wasted here it seems. Thanks for stating the obvious disclaimer though haha