Quote from: jenifive on April 20, 2017, 11:12:41 PM

Quote from: ethbits on April 20, 2017, 06:47:28 PM

Quote from: jenifive on April 19, 2017, 10:14:38 PM

Quote from: ethbits on April 19, 2017, 09:48:37 PM

Jenifive.

Ask questions with out quotes with out FUD and I personally will answer them I guarantee you. But stop spamming our thread with the same thing. I understand concerns from any investor into a new project but ask properly. If you genuinely have questions list them below. tomorrow I will answer to the best of my ability.

Thanks.

First you need to stop deleting any messages from this thread that are relevant to the project even if you dont like them.

Questions are in quotes because i see that you are refusing to answer to them and simply deleting messages.
The first three times my questions were without any quotes and accusations. But as i see you dont want to talk and banning me from Telegram, your subreddit, deleting messages from here. So what conversation are you talking about?

What so FUD about my messages? Can you alaborate on that? That i think you shouldn't trust people that cant answer to simple questions and instead of that deleting all?

Now after 30 times of deleting my messages from here, from Telegram and reddit you want to talk? Why not start doing it before it?

Spamming is posting the same message all over again where the same message is ALREADY located and not being deleted without any reason.

If you understand the concernes from inverstors why not just answer to the questions instead of doing something else?

The questions are:

1. We already have another well made exchanges goes through the fire, getting hacked (Polo) and getting stronger every time. And this would mean that if people will be trading on EthBits they will be risking money to lose. Because exchange will be fresh, without any fixes. And every new exchange is more exposed to hacks because developers dont have enough experience developering their own exchange. So there are will be exchange mistakes on which traders will be paying by losing money. What are the guarantees that EtherBits cold storage wont get hacked with traders money? How can you give any promises on that? Why doing another centralized exchange in the first place?

2. Why you need blockchain network to make a centralized exchange? Other than giving a very small percentage of dividents to token holders what is the another reason? I dont see one.

3. Why not starting exchange without crowdsale? Liqui.io is great example on that. They weren't started any crowdsale to get money from people. They did it by themselves.

The way i see EthBits is using excuse (Ethereum network) to get money for developing centralized exchange on which most of the profits will go only to you. I dont see the reason why else would you need this.

I wouldn't say a thing is this was a decentralized exchange project like bitsquare or openledger or https://etherdelta.github.io but its not. Its from another world.

1. Good question seriously it is good. Well for the hacking part we are using a team of developers who know the concept of cold storage very well and I have mentioned it before that they have made an exchange that has never had any security problems. We will not be using smart contracts because we are not yet so confident enough. If we use standard well proven protocols with cold storage then the only security breach will be inside jobs and nobody wants to go on the run or go to jail. There will be no one with access to the code who is not well vetted and who has a equity in the company. It will not happen.

2.
Rather than get Angel investors (most of them already have a piece of the pie in other exchanges) we are doing a crowdsale so to give everybody an option to get good returns. We can not legally sit her and say yes you will get rich but we are extremely confident we can take on the top exchanges with volume quickly. Also we will be utilising our token to partly pay site fees and also part of the fees we take in our token will be burned. So we will have a constant volume with a reducing supply. We could not do that with pounds or bitcoin and if we could then it would be nice to hear how we could.

3. I kind of answered this before. I would say Liqui is successful but only a hand full of people are gaining considerable amounts of returns. we are aiming high like Polo. You can call that rubbish if you like but we have the right team in place to do so. Polo makes sometimes 1 Mill usd per day. imagine 40% of that shared out to the people who believed in us from the start or even people who bought our token at 50 times the value from now. I am not saying we will do any of this I am giving you a scenario. If we sell out and we make 1 mill per day then we will pay out 400k USD per day to token holders that will be better than what liqui offers by holding your bitcoin. So what would you prefer a handful of people making all the money or a community who saw an opportunity and grabbed it to share the profits. We are doing all the hard work all you have to do is believe in what we are doing. So your argument I do not understand.

1. So you are guarantee that EthBits exchange wont get hacked ever in any way? That cold storage can't be hacked ever? That could't happen? Poloniex using cold storage and even they were hacked several times. What are the names of developers that already made another exchanges and what are the name of their exchanges?

Hello, my name is Dmitry Sergeev and I'm lead developer in EthBits. A few years ago I was a part of development team on p2p exchange project. I signed NDA so I can't share you any information about code, project and names.

About security question:
There are 2 types of hacking: hacking the entire network (for example - find and use bugs in blockchain) and exchange platform bugs and erros.
For the first type - It will be not only Ethbits users problems, it will be a global catastrophe for each crypto users and exchanches.
For the second type - My team is developing 100% secure and successful high-load projects for customers.

About cold wallets and Poloniex "hacks" - It wasn't "cold wallet hacks" their problem was in database structure and withdrawal daemon. Cold wallet is 100% secure if you follow 2 rules: 1 - If you send out a transaction from a cold wallet, it's not a cold wallet; 2 - If you create a cold wallet on a infected (hacked) computer, it's not a cold wallet.

I don't have much time, on unreasonable criticism of other projects, so if anyone want to discuss Ethbits with me - My contacts:
Email: sergeevdms@gmail.com
Phone/Telegram : +79315830735

Congrats everyone with our minimum goal.

sergeevdms

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