[ANN]Crowdsale June 20th|Social Kapital: decentralized business idea marketplace

[Social Kapital]

I am watching !

That's right! Stay with us 

[Loyd]

Keep up good work dev. team!;)

[hatshepsut93]

Newbie accounts, ICO, anonymous devs...

Red flags everywhere!

[agamemnon-1]

Newbie accounts, ICO, anonymous devs...

Red flags everywhere!

hatsheosut93, you registered on bitcointalk in april 2016, I registered in dec 2013. who is
really the newbie.

I hope you understand what smart contracts mean. You are sending coin to a blockchain
contract and withdrawing money from same blockchain contract controlled by shareholders.

The entire codebase (ethereum block chain contracts) will be published next week, so
watch out for that, then came back and tell us what the code does. When it is deployed
on the blockchain, tells us how it works. There is nothing you have invested in that is
close to giving you this sort of control.

you are been offered the opporunity to be part of something unique, too bad you cannot
see that

[neolinkhati]

Who is Social Kapital.?

I am Sirus Knight a co founder of Social Kapital
https://www.linkedin.com/in/sirus-knight-9292a0121

More importantly, Social Kapital is immortal (cannot be deleted) and immutable
(cannot be changed) software on the ethereum blockchain. We are going to publish
the entire codebase at github and this event will be announced on bitcointalk, the
ethereum forum and to the press. Lots of people will take a look at the code and
confirm whether it does what we are saying.

And here is what the code does...

(1) 100% of the ether received is held in a contract controlled by shareholders

(2) Shareholders decide which investments to make and how profits are shared

(3) Anybody can exit the DAO at anytime by calling a function. The contract
calculates your share of ether book value and pays this out once the block
is mined.

Here is the Social Kapital voting protocol
https://medium.com/@social_kapital/social-kapital-gridlock-fd51dcd5ca6e

Now, the question is how many coins have you invested in that gives you this sort
of control over the business and your funds?

We are over excited about the social kapital opportunity. It is not about me or you.
It is about what the crowd, what the community is capable of when there is common
purpose (build great businesses and make lots of money).

Social Kapital is about pooling funds, talent and networks together to build
businesses with the rules of association defined by blockchain software.

Don't trust Sirus Knight, trust the blockchain, trust software!

Thanks for explanation!!!

[Social Kapital]

Keep up good work dev. team!;)

Thank you! We surely will 

[allinbox]

Newbie accounts, ICO, anonymous devs...

Red flags everywhere!

Like it would make a difference if the devs announce a name. Nobody will check if its real or not...

[agamemnon-1]

We have just released the smart contracts that define how the Social Kapital organisation works at github

https://github.com/socialkapital/fin-and-ops-contracts-g1

For the benefit of non programmers, this blog post provides a quick read that answers
your most basic questions.

https://medium.com/@social_kapital/social-kapital-blockchain-contracts-101-34ee9ae2146f

To reiterate.

(1) when you buy shares in social kapital, your ether is sent directly to the treasury
contract controlled by shareholders

(2) if you decide to exit the fund, you call a function in the share contract and your
shareholding tokens (florin) is exchanged for ether in minutes

(3) shareholders collectively vote on why and when ether is moved from the treasury
contract to committee multi-signature wallets

[agamemnon-1]

This is a Social Kapital security statement about it's smart contracts
on the Ethereum blockchain
https://medium.com/@social_kapital/smart-contracts-security-statement-78fdd59b20d8