Quote from: coinpump on September 01, 2014, 03:37:33 AM

Quote from: jl777 on August 30, 2014, 09:30:19 AM

Quote from: ebite on August 30, 2014, 09:03:31 AM

Quote from: jl777 on August 30, 2014, 08:45:04 AM

Quote from: Trinibits on August 30, 2014, 08:35:08 AM

I'm in. When does ipo start?

up to poloniex

Do you mean you are ready for IPO anytime while Poloniex is not ready yet?

well, the idea for IPO came to me 8 hrs ago
within an hour Polo agreed to host IPO, but something about midnite friday, so there was no time to finalize the details
Tristan is very quick so I dont expect it will take them very long to get ready

I expect the ipo to be most of September

Does anybody have any concerns with Poloniex having all 5000BTC in their pocket at one point of time ?
I recall an incident with Poloniex hack that made them pass this loss on their customers to avoid completely goxing.
I don't remember size of that loss, but I guess 5000BTC is quite big amount if lost. That loss may gox them.

Also considering the time when Poloniex and ShareXCoin exchange were the only exchanges that had QORA, Poloniex had some trouble that made me (and other people) send my money to ShareXCoin where I successfully lost 100% of my deposit (I don't care about ShareXCoin much because I would lose 80% of it after QORA dump anyway, but I care that Poloniex gave me that incentive).

James, do you have any plans to withdraw portions of those 5000BTC as they flow into Poloniex pockets to prevent Poloniex having all of them at some point in time ?
If not, what can I read about Poloniex business to make me trust them ?
Also why not have IPO on 2 or 3 exchanges to avoid putting all 5000 eggs into one basket ?

Regarding the hack, I would like to point out that we repaid the loss in full to our customers -- we did not pass the loss off onto them and walk away. We have since implemented many security measures to ensure that nothing like that could happen again, including continual auditing of the exchange.

As for Qora, the technology was very new when ShareXCoin was still around, and prone to continual freezes and blockchain corruptions. We kept on top of them as best we could, but wallet downtime was unavoidable as it had to be resynced and the wallet rebuilt.

BTC from the ICO would be funneled straight into cold storage; no part of it would remain in the hot wallet for any appreciable length of time.

busoni

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