Quote from: worth on August 18, 2014, 04:13:25 AM

Quote from: IronBank-Social on August 18, 2014, 03:40:45 AM

Quote from: worth on August 18, 2014, 02:37:23 AM

Is the purpose of this coin to create a stable, long-term growth app coin with a purpose or just another pump-and-dump? Because it seems to me that abruptly changing the nature of the ICO (especially after taking people's money) to help create buzz for the coin suggests this is just about another money grab.

The way this works seems perfectly straightforward to me - people send whatever amount they are able to or wish to, then they receive a proportionate share based on their contribution.

The only part that hasn't been stated explicitly is how the coins will be disbursed to the people who paid. My assumption is that wallets will be made available and then we'll be asked via PM for an address if we contributed. What is the need to rush to an exchange unless people are just looking for a quick profit or some kind of dopamine rush?

As a person who has been in crypto and involved with the bigger wigs in trading, I understand where this thought stems from. But the IBC team can NOT risk running with anyone's BTC in fear of lawsuit with Blocktech as well as other conditions. Rushing to an exchange would only be wanted if that is what a resounding amount of people in crypto want. We will do what we seem fit but take in the public majority strongly into consideration. Thank you for your feedback.

I wasn't expressing concern about you running off with the money; my concern is a rush to an exchange and what rapid course changes might suggest about how well planned out it is.

There were others in this thread who claimed that the entire thing was confusing, which it doesn't seem to be. I was merely saying that the exact method of distribution hasn't been explained in detail but was the only part that lacked detail.

Take into consideration we listened to both of you and understand both concerns.
Both of you have been positive members to this thread, and for that we thank you both.