Quote from: SwitchCoin on February 28, 2014, 03:08:14 AM

Quote from: SlidingHorn on February 28, 2014, 02:43:41 AM

Quote from: SwitchCoin on February 28, 2014, 02:18:48 AM

Quote from: roede94105 on February 28, 2014, 01:31:07 AM

Quote from: SwitchCoin on February 27, 2014, 11:04:40 PM

Quote from: subSTRATA on February 26, 2014, 10:32:56 PM

Quote from: SwitchCoin on February 26, 2014, 06:49:55 AM

Quote from: Jarod1231 on February 26, 2014, 03:09:10 AM

0 block reward and 0 mining fees... have fun getting your transactions to go through when there are 0 miners because there's 0 reasons to mine it Roll Eyes

We believe that too which is why we've designed Switch Coin like that. It's to prevent 4profit miners from being able to mine it, just to dump it at the exchanges, which would would significantly decrease the market value of Switch Coin. Imagine investing in an IPO, just for it to lose value over the upcoming weeks because 4profit miners are dumping it at the exchanges? We've designed this coin in every way possible to prevent such things.

Yes, but you haven't prevented you from dumping coins on exchange nor there is guarantee you will send any coins to investors. Trust -6, bye!

Of Course we guarantee that every investor will receive their coins. We didn't spend the past month working on this so we could kill our coin by doing something so ridiculous as to not send out the coins to our investors.

If you're looking for a zero risk way to obtain a stake in this IPO than you won't find it here. Our investors are taking a substantial risk while those sitting on the sidelines are not. It is precisely this risk that rewards them later on.

Why not accept escrow via a trusted member, like Anon135 is doing for exocoin? If you are an honest dev you will be okay. If you are a scammer you'll refuse the idea.

No one is calling us a scam because of our idea or because of our coin. They're calling us a scam because we're doing an IPO with our coin. In less than 4 days the IPO ends and once everyone sees the happy investors and Switch Coin on exchanges, they'll stop calling us a scam. Are we willing to risk our investor's money, our reputation and our Coin's future on someone else, so that people don't call us a scam for the next 4 days?

It's the same reason we have the wallets password protected. If we don't protect them, people will say Switch Coin had an unfair launch and is a scam. If we keep them protected, people will say its because we're a scam. The difference between the two is that once the IPO is over, they'll stop calling us a scam for locking the wallets. But if we don't lock them, we'll always be known as a scam coin with an unfair launch.

This whole thing is a very tricky balance between what's good for the IPO and what's good for Switch Coin's future. We're doing what we believe is best for the future of Switch Coin, not what is necessarily best for the IPO.

With that said, we're not opposed to escrow through someone who is not only trusted by the community but someone who we trust as well. Someone who we trust with not only our investors money but the future of Switch Coin. We've never heard of Anon135 and a forum search came up with only 3 posts. 1 isn't about him and 1 post is yours. So why should we trust him with our investor's money and the future of our coin? because you're going to call us a scam if we don't? In less than 4 days you'll be over it.

Here you go: https://bitcointalk.org/index.php?topic=108716.0

Oh wow, I didn't know such a thing existed. Thank you for sending that.

I'm going to discuss this with the other devs and if we can make this work without having to delay the launch than I don't see a problem with it.

Fuck these trolls. They all want in but they don't want to take the risk that I did.
Fuck that. When I invested I took a risk in you and now you want to let others do the same investment without the risk?
What kind of shit is that man? If you switch to escrow than I want my money back and I'm out.