TBolt256, I would like to invest but need some alleviation of concerns to reasonably risk it. Please answer the following question:
Considering that an ICO scam just ended (Ascendancy) taking advantage of time-delayed forwarding from a non-escrow address to an escrow address, why not have investors instead send their bitcoins directly to an escrow address? The latter is definitely possible, and I have seen it on some other ICOs.
Escrows are not magic, as nothing prevents just releasing a generic clone coin to technically satisfy an escrow and then disappearing without further development. However, an identical escrow loophole to the Ascendancy scam only raises concerns further.
Respectonomy does have an interesting concept and a far better whitepaper than Ascendancy, but, like Gleb Gamow has pointed out (with some legitimate points beneath the humor and sarcasm), there are some serious red flags.