Post
Topic
Board Tokens (Altcoins)
Re: [ANN][ICO] Genesis Vision - Decentralized platform for the trust management
by
kraterion
on 03/10/2017, 19:09:44 UTC
I personally think the trust system itself is flawed as you may never now when a user decides to perform an exit.
He might have very good feedbacks but could exit at the end... Or the trust can be easily faked... Why would we need a decentralized trust system?
Was wondering this too, brokers activities are recorded on blockchain, ok, but what if a broker decide to quit operations and scam investors? It's like hella easy to withdraw all investors' money, a couple of transfers here, a couple anon coins there and moneys are disappeared. Now I'll read the whitepaper maybe I'll find my answer there

3.1 The manager’s trading account is blocked from depositing and withdrawing funds

Ok so he can't exit whenever he wants. This means that managers' smart contract are managed only by Genesis ? After reporting period profits will be transfered to managers' tokens holders automaticly?