Re: [ANN] PRESALE FEB2017 / SANTIMENT/ Market Intelligence w/Crowd Sentiment Data!
RED FLAGS:
--newbie account with no established community experience ANYWHERE? -- check
--no escrow "we PROMISE to return the money if 40k not met" -- check
--buncha names but ZERO links to their social media (twitter linkedin) for ANY legitimacy -- check
way to sketchy im not touching this with a 10 foot poll, and god help anyone who does, in its current offering this looks like a sad, sad scam :/
"Please read previous replies. We've been around for in the Ethereum community for a while. "
ok, so i have 10 million BTC, please read what i just said, i have 10 million BTC, it MUST BE TRUE, as i SAID it ! ;p the logic is so flawed lolz
--newbie account with no established community experience ANYWHERE? -- check
--no escrow "we PROMISE to return the money if 40k not met" -- check
--buncha names but ZERO links to their social media (twitter linkedin) for ANY legitimacy -- check
way to sketchy im not touching this with a 10 foot poll, and god help anyone who does, in its current offering this looks like a sad, sad scam :/
"Please read previous replies. We've been around for in the Ethereum community for a while. "
ok, so i have 10 million BTC, please read what i just said, i have 10 million BTC, it MUST BE TRUE, as i SAID it ! ;p the logic is so flawed lolz
Hi CjMapope, it's a good question you raised up and one of the more important ones too. From what I understand, there is no need for escrow in Ethereum. As the smart contract defines the rules and the rules are - if the money arent collected, it can be refunded by using the function refund() or even by simply sending 0.001 ETH (it will return this additional 0.001 ETH too)"
Thanks for this. I have read the smart contract .sol file (first time I have seen a Solidity code - well its less scary than I thought
). It seems to be good (though I didnt really check for bugs).But the fact is - the only protection is - it refunds if the minimum requested funds (4000 Ether) are not collected... Nothing else. Escrow is still needed to control the money, and release them in steps, according to goals reached. Otherwise nothing prevents developers from just running away with the money. 40k-120k USD is an amount good enough for doing that. How we can make sure this wont happen?
Public names is not a guarantee. See what happened on Nodio with all names being public.