It was all clear from the beginning.
Your seed is your private key.
Other projects did this kind of.
What do you think would the Ethereum devs say if you lost your wallet file and private key or how do you think could the people who invested in Factom recover they funds after they lost their seed?
It is much more decentral to generate a wallet on your computer in the second you become a investor then have a dashboard from where you can "withdraw" your coins after the ICO.
The wings team made it clear and everybody who invested saw this page:
https://ip.bitcointalk.org/?u=https%3A%2F%2Fs10.postimg.org%2Fjgpky6ill%2FScreen_Shot_2017-04-04_at_5.18.49_PM.png&t=575&c=Mx1L1lixLnwvEAEveryone after this had to veryfy that he/she had the seed saved by typing it in again(twice).
It is so sad that many communitymember are here just for the quick/high profit and dont understand the technology behind and read a damn whitepaper or something.
Learn from your mistakes and dont make this project responsible for burning your money. You did it all by yourself.
Thank you, I know, what a private key is and what it's needed for.
I handle several wallets since years.
It's clear that I cannot recover an account without the seed.
I have access to my account, thats not the problem.
When I created and verified it earlier (late 2016), there was no option in the menu to verify the seed.
In your example: If I can access my wallets (ether, electrum, whatever), I never needed my seed to simply payout coins or tokens. And they never asked me again to verify my seed after the wallet was created.
I know that it's my fault, that I did not store the seed but I think that it's not handled in a good way.
I never had problems without a seed all the years and I handle several crypto currencies since several years.
