Re: [ANN] æternity ∞ AE ∞ TESTNET live [PoS x PoW | Smart Contracts | Merkle Trees]
Starting to look interesting here but I still dont like the no escrow so I wont invest but watch I will and hopefully I'll be able to laugh at everyone when this blows up in their faces.
I don't think when Ethereum did a crowdsale they had escrow
But they had a known and verifiable trusted dev. Here we have a nobody dev. Big difference. Dont you think?
They have a very visible team of verified people. Also they are using an Ethereum Smart Contract, it would not make sense to use an escrow.
I think you are just trying to antagonize.
Not at all. Their team is not know by anyone I know or talk to and we have seen with the dao what can happen when an eth smart contract is used.
This AE spells bad news man, be careful.
Name one major token sale that run with an Ethereum smart contract that has used an escrow then come back.
Most token sales use multisig addresses with signatures held by multiple parties, and that's a fact.
Not sure what Aeternity will use but the team has replied to you several times that they will announce all the terms when things are ready for the public.
The voice of reason will speak up pretty soon, revealing to us that one of the main priorities of this project is exactly a quick buck crowdfund campaign programmed into a smart contract. Why they have a preference for Golem-like crowdfunding model over much more traditional sale via forum escrow is because the first allows for slicker and quicker fund gathering while removing the element of trust and the need for escrow from the equation entirely.