Hi,
I have read whitepaper
Very strange things:
1) I cannot copy/paste text - it's very strange for project.
2) There no original ideas. Merkle Root & signs exists a long time. To make Merkle Root from data and to sign it - it should not be needed in crowdsale and in ICO
3) This scheme does not stand up to criticism
It describes what things exist in real words. Service providers & signed "PII" - it's now can be realized through x.509 certificates.
Payment can be realized through bitcoin/debit cards
Signs can be realized through PGP/ECC signs. No need to put it in blockchain. These data can be published in sites / forums and etc. But ok - it can be put in blockchain (for example in Bitcoin blockchain for $2-$4 fee :-)
And from whitepaper main idea i see there: the Civic wants to control tokens, services and service providers (page 15 from "Whitepaper")
4) Service providers can leak private keys. Service providers can be rogues - they can issue fake cerificates and etc. No ways to check it. It will check only the Civic. They want to be main organisation in this project ( == centralization)
P.S. 99% if ICO - they are scam. Please to think twicely
I have read whitepaper
Very strange things:
1) I cannot copy/paste text - it's very strange for project.
2) There no original ideas. Merkle Root & signs exists a long time. To make Merkle Root from data and to sign it - it should not be needed in crowdsale and in ICO
3) This scheme does not stand up to criticism
It describes what things exist in real words. Service providers & signed "PII" - it's now can be realized through x.509 certificates.
Payment can be realized through bitcoin/debit cards
Signs can be realized through PGP/ECC signs. No need to put it in blockchain. These data can be published in sites / forums and etc. But ok - it can be put in blockchain (for example in Bitcoin blockchain for $2-$4 fee :-)
And from whitepaper main idea i see there: the Civic wants to control tokens, services and service providers (page 15 from "Whitepaper")
4) Service providers can leak private keys. Service providers can be rogues - they can issue fake cerificates and etc. No ways to check it. It will check only the Civic. They want to be main organisation in this project ( == centralization)
P.S. 99% if ICO - they are scam. Please to think twicely
5) they already have competitors with zillions in revenue which don't need any ICO to fund their projects:
http://www.coindesk.com/power-to-the-user-accenture-and-microsoft-are-changing-identity-with-ethereum/
Maybe I should thank that crappy app for preventing me to participate in this ICO
