Quote from: MoveCrypto on April 05, 2017, 08:03:37 PM

Quote from: petricag on April 05, 2017, 07:26:47 PM

Quote from: MoveCrypto on April 05, 2017, 03:57:46 PM

I will wait to see what they do with the team fund when it unlocks at the end of April before counting this one as a broken promise.

And how do you see what they do with the team funds ? When it unlocks ? those funds were locked? Are you sure? Or you just strongly believe this without any real proof ?
So between "Devs having inside information traded those funds like crazy having already 3-5x profit" and "Devs are correct, we can surely trust them they locked the private key in the piggy jar until end of April" you choose as the most likely answer the latest ?
Could've been so easy to setup ... an address whit only one transaction 13M in ... no transaction out untill end of April, that can be checked publicly.

This address holds the 13M ICN dev fund + all the unwithdrawn ICN from the ico platform.

https://etherscan.io/token/ICONOMI?a=0x29d38fdf26d64fa799276e6615759d27db1f1fcd

If they withdrew portions of the 13M ICN to trade with, then there's no way to put it back into the address without us seeing it on the blockchain. (Deposits to the ico platform aren't possible, so there's no reason to see any deposits going into that address)

So at the end of April, we should see exactly 13M withdrawn from that address, no less.

If they wanted to trade on inside info, they would have put their own BTC & ETH into the ico anonymously, then used that ICN to trade with. If that did happen, then I don't think there's any way to prove it, and it's also a common thing for team members to put personal money into their own ico then use the coins to trade. As long as they don't go overboard and take a loan to put 1000 BTC into ico then dump on everyone and put the 1000 BTC right back into their own pocket.

This is an issue with every ico, it involves trusting the team to not pull this sort of move or run with the money.

You're right, of course, that there may come a time when all of this can be checked over. But the longer it takes, the more people will become suspicious. And like you say, there are other ways of playing the system anyway.

It's just one point among many, though. When you start to collect all of these different concerns together into a broader picture, you end up with less trust, and more suspicion.

We'll just have to wait and see, I suppose. See where this all goes over the next few months, and beyond.

It shouldn't be left to people, like you, to fill in the blanks where the team have clearly failed.

They've even got Daparski doing their moderating for them! While I'm sure he doesn't mind, I hope he'll be paid/rewarded for this in some way.