Post
Topic
Board Altcoin Discussion
Re: OFFICIAL LAUNCH: New Protocol Layer Starting From “The Exodus Address”
by
mindtomatter
on 06/08/2013, 00:45:55 UTC
Quote
Yes, I control the Exodus Address. Any funds sent there are to be used for making this a reality.
Doesn't this mean you are the only investor who bears zero risk for investing, and so have a heads-I-win-tails-I-get-my-money-back situation?  

not really. All MSC purchasers bear the risk of what he has spent going sour. if it turns out that the project can't go on, the funds will be returned to the sending address. the risk is shared proportionate to the investment, though he has control of the funds

But if he controls the address and the only meaningful development cost is paying himself a salary....   Mastercoins aren't BACKED by bitcoins, they are just initially funded - the funds deposited to the exodus address are to be used to fund development, which means paying the founder/developer.   

So where is the risk?