Quote from: ivanlabrie on October 07, 2014, 12:07:56 AM

Quote from: kcog1 on October 06, 2014, 11:00:44 PM

So what do we know about the dev of this coin? I'm interested in the cause, and I know it's not a coin you'll really make money with, but how can I be assured the dev isn't just gonna run off with the money? I've heard of it happening with other charity coins in the past...

Well, you can read the articles posted in the OP.
We don't need to run with the money, really.

The idea is making something good for a change, getting these kids that are suffering so bad a warm meal or something to cover themselves from the cold with.
There is a link to the block explorer and the charity donation address, you can see that there is no money flowing out of that address, and it won't until we convert the coins to euros to send that money to the charities.

We will detail that process and publish the appropriate data, so there's nothing to worry about in that regard.
If you want to help, try voting for us at bter.com, we need to increase the trading volume and get the price as high as possible to make the donations count.

In the first post of the thread there is a chart, exemplifying how the amount of donations would change with different coin prices.
Something to think about...

Have a nice day Wink

Well that's a risk one way or another I feel because there is still a chance for you to run off with the money. What's the advantage of buying up this coin instead of say, sending your BTC to these charity wallet addresses that are already established?

-World Aid for Homeless Children: 1GZM9zwAceK32v139mmX9itPwCZSJjU3Pk
-Bitcoins for Charity: 1NoA98grVfXfVqysU4ijM9jhMBD8vmrUC8
-Bitgive foundation: 1PEoUKNxTZsc5rFSQvQjeTVwDE9vEDCRWm
-TheWaterProject: 1CRvLyXFFhMr8ZABhjcmF3XLnPMjCSrkn6
-NewHarvest: 1HqkTQL2VaDbAPEn3H7i6uVRmYScwHkE69

I could keep going on and on but the point is, why invest in this when you can donate directly to a charity of your choice without having to worry about the chance that your money will end up in greedy hands rather than hungry stomachs?

kcog1

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