Post
Topic
Board Service Announcements (Altcoins)
Re: Byteball's Marketing Fund. Make your contribution to the development of Byteball
by
DarkStar_
on 17/01/2018, 23:09:40 UTC
All the money that will be received on our own wallets:
Byteball - E7E3UDNDTGBRTLN63DXJF7EXIXVQYTM2
Bitcoin - 33FJvNxyc5p5M76prfHcWeq4aEoWMMkhEH
will be transferred to the trustee of the fund in escrow.

Please don't do this, and instead have the BTC/Byteball go directly to the escrow address. Ascendancy, a scam ICO that happened a few months ago did this, and things went badly. The ICO used an escrow, but funds were kept in the ICO's addresses and then moved to the escrow every 8 hours. This didn't happen when they decided to run, stealing ~4 BTC in funds.

No one wants a repeat of that.

You are right, I misunderstood you. Now your idea looks much better. Then we need to invite two more reliable people to the project. I will make this suggestion to the community of Slack. May be you can suggest more names?

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I suggest a 2 out of 4 multisig escrow, for instance (if they're willing to cooperate) handled by:
CryptKeeper
Michail1
me - LoyceV
[add more]