Bitcoin Forum

Which one? SHA1-256, SHA2-256 or SHA3-256?

Cheers

Graham

new account

not sure if legit

Well, there's a term to throw around ...

There's no canonically-identifiable legal entity described anywhere in the reams of self-protecting boilerplate legalese (apparently authored by an alumni of the greengrocer's' school of writing), all we get is “blocktrust.org”. AFAICT, the outfit runs out of one of Dubai's FTZ legal fabrications. The end result is layers and layers of administrative obfuscation that effectively form an impenetrable protective screen between you and them and, if you've been unlucky, your hard-earned money.

Personally, I find it impossible to come up with any reasons for this kind of Byzantine pseudo-corporate legal protection other than the obvious - it's completely opaque and it tilts the playing field overwhelmingly to their advantage and to everyone else's disadvantage.

It's not even necessarily ill-intentioned, it's just that by (carefully?) failing to identify the legal entity making this offer, they effectively prevent any legally-enforceable contracts from being made. In essence, they have (equally carefully?) stripped away all your legal protection --- for everything, incl. privacy.

No canonically identifiable vendor = no contract. No contract = no redress. No redress = very high risk factor.

Cheers

Graham

Hi Graham, Sendcoin is using Scrypt as PoW algorithm (to generate the coins and initial blocks) and SHA-256d as PoS algorithm.

Thanks for your question

Graham,
 
Thank you for your interest in BlockTrust. As unusualfacts30 posted, the BCT account is new but the players are not. For clarification of the BlockTrust team, please visit: About Us (https://blocktrust.org/#/viewer/about%252FaboutUs.html).
 
As per your questions regarding our Terms of Use, we would welcome any questions you may have about our Service or Process. Please contact us Here (contact@blocktrust.org) or message us on BCT. Anyone of our support staff would be happy to answer any questions and allay any concern regarding our Service, process, and legal relationship to our Clients.
 
There are a couple things to note in general response to your comments. BlockTrust is interested in providing information about new blockchain projects so that prospective supporters are informed as completely as possible about all facets of the project's operations. Who made it, why, how, challenges for proposed success, and how to judge the implementation of Certified Crowd Offering (CCO) funds. If a project satisfies BT requirements for certification and seeks support from the community for funding, we will create that bridge. We are interested in transparency, security, and safety for the crypto community in going forward with crypto crowdfunding. BlockTrust is very committed to bringing confidence back to this marketplace.
 
Users supporting CCOs on our site are anonymous. The Clients hosting projects for community contribution are certainly not. If an issue arose between the community and any BT hosted project, we are compelled to work with any and all appropriate legal authorities to help resolve any conflict, as well as provide any useful information within our possession. The terms for using our service are quite standard for any online crypto service. We have released liability in a regular, normal legal manner, however our commitment is to our community.

For clarification purposes, there are two contracts made when using the BlockTrust service, either as a supporter of a CCO or a Registered User hosting a CCO. A Registered Client creates a contract with BlockTrust that begins and ends with the CCO, and upholds the promises stated by the project team for their CCO. A contract is also created between the Registered User, who represents the blockchain project, and a supporter who contributes to that CCO. That contract upholds the promises made by the project to the community, to follow through with stated intent to the best of the project’s ability. Please let us know which perspective you are interested in so we may further clarify the relationship.

We welcome all positive criticism from the community. If you have any suggestions that may make you and others more comfortable, please let us know.
 
We are not going anywhere, and we respect the comments and desires from our community. Please contact us with further questions and comments so we may more accurately explain our business practices.

Regards,
The BlockTrust Team

oh nice! im in lets party.

I guess I wasn't clear enough: this is a case of “Quis custodiet ipsos custodes?” (https://en.wikipedia.org/wiki/Quis_custodiet_ipsos_custodes%3F) and is way above any staffer's pay grade, this is boss-talk.

The content of Blocktrust's privacy and t&c pages on the web site references an unidentified entity called “Blocktrust”. It is this entity that undertakes to implement and maintain the data protection for blocktrust.org visitors. If the entity remains unidentifiable, the assertions of protection are simply unenforceable and are consequently baseless. The end result is that visitors are entitled to no protection whatsoever, a perfectly predictable outcome of the failure to identify the legal entity that purports to make these assertions.

Whilst nature might abhor a vacuum, she finds irony irresistible and it is splendidly ironic that Blocktrust fails to meet the standards of transparency that it apparently expects of the coin developers it assesses.

You want us to trust Blocktrust's say-so - so exactly who is Blocktrust and, more to the point, why is Blocktrust apparently being so secretive about its legal constitution? If it's a limited liability company, who are the directors and where is the registered office?

Wearing my tinfoil hat and clutching a black swan, I find myself speculating on the possibility that, behind the scenes, Blocktrust could conceivably be owned and controlled by a bobslurpus and there's no way us chickens could ever find out.

Cheers

Graham

A scam, as always. This is a pure fork of blackcoin, nothing else. https://github.com/sendchat/sendcoin

They have not done anything else than fork it, straight of rat4s repo.

will watch this Project..seems interesting.

BlockTrust has shown to be very professional, helpful and transparent.

-The SendChat team.

Not a scam. We are building an app that will create a cryptocurrency ecosystem, and make it simple to use cryptocurrency for non-technical users. We also have created Sendcoin which is a fork of blackcoin. We intend to create demand and liquidity with the integration of Sendcoin into SendChat messaging app and business model.

To trust those faces? http://sendchat.org/sendchatteam/

Hell no!


A face tells you everything, and the grandpa thing? :)))

Well, the whole Sendchat CCO process show that Blocktrust indeed a good platform that will bring trust back to the cryptocurrency community, even though the goal is not met, the blocktrust team show that they can held good business ethics that repeatedly hurt by scammer and fraud, as with their resource and connection Blocktrust could easily make a secret deal and fund the CCO behind our back just to show a successful crowdfunding in their platform, but they showed their integrity by follow the term of agreement and process the refund without any problem.

With recent low trust for any crowdfunding/ICO from community, Sendchat raise nearly 200BTC while at the same time other good project crowdfunding like https://bitsquare.io (https://bitsquare.io) (decentralized exchange) that have a goal of 120BTC can only reach 45% from their goal.

Keep up the good work Blocktrust team, our community need to bring back trust and transparancy.

glad to see that SendChat is going to get funded this time around...

Looks good! I am watching it on a daily basis and will contribute to this great project.

Pony Express server missing, messenger data in his pocket.

https://img0.etsystatic.com/000/0/5130711/il_fullxfull.195016364.jpg