Quote from: aragon4ikSS on May 16, 2018, 06:33:30 AM

Quote from: nofork_man on May 15, 2018, 01:52:18 PM

Who will have the access to smart contracts where all the reserve fund will be stored? How users can ensure that all the reserve fund ( their money litteraly) are being kept in safe?
Moreover, imagine the situation if reserve fund is stolen or just gone due to the hack or some blockchain vulnerability ( if u remember the situation when 70 million USD value in ETH stuck due to the Parity vulnerability), what will happen to the token price and the system at all?

First of all you have the understand that there are differences between the final version of the platfrom which we are developing now and the semi-centralized version that exists now. LibreCash token is immutable, only the rights for token emission will be delivered to the autonomus smart contract (DAO will have the right to change several parameters like Oracle priority) when work is done and security audit is complete.
If we are speaking about final version:
Smart contracts owner where reserve fund is being held is DAO contract, and the concensys of majority share holders is obligatory for the purpose of trasfering funds. The detailed explanation about DAO model will be included in WP that we are prepearing now for the realese.
If the system is compomised and major part of reserve fund is stolen or will get stuck within the bugged smart contract, so I think it will affect tokens price as well as any other token that may face the same situation. Thats why we care a lot about security and smart contract audit.

at what stage of the development are u now? I would like to try out or at least take a look at the product u have as for now.
When the final DAO implementation is planned?
And one more, u said that for any transaction from the reserve fund the share holders consensys is needed BUT how much share holders can exist? I mean those one that will have a right to vote?