This is fair to say as I have been using the wrong words to express what I meant. I believe most people can understand what I am trying to get at when saying one side has failed to provide their product and this leads to the investor side recouping what is left.
I'm not here to discuss Merriam-Webster's definition of escrow with you suchmoon. What I do believe is that the founders (the problems) hold more information than the investors(the wronged) who deserve better.
Even in a conflict the escrow is not supposed to favor one party over the other.
The only terms that I can find are these:
The funds will be released using milestones defined as follow:
- 30% release at the end of the crowdsale.
- 30% at the delivery of the beta wallet and first API Cluster
- 30% At the delivery of the Beta Validator
- 10% At the delivery of the plugin system
The funds won't be released until the escrows
agree that a milestone has been reached.
I don't see where it defines exchange rates or transparency levels or any of these things that are being discussed here.
I don't see where it doesn't say that all funds go directly to me in case of dispute either. You play on a lot of slides too when you were young suchmoon?