pawel7777
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October 21, 2016, 02:04:19 PM |
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Thanks for replying. The fact that you agreed on using escrow is reassuring. Have you already agreed on milestones, upon which the funds will be released? Also, both escrow providers seem solid, but your minimum ICO goal is set at ~2,780 btc, that's 1,390 btc for each of them. Although they are (very) trusted, none of them have ever held funds even close to such amount. Are you going to use multisig or will you let them fully control the funds? Side question: Have you got any bitcointalk signature campaign participants? If so, how many? If there are only few of them, will you still stick to the fixed 250k signature bounty? The reward could be disproportionately high for the effort.
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Sergey_Inchain (OP)
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October 21, 2016, 05:09:49 PM |
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The fact that you agreed on using escrow is reassuring. Have you already agreed on milestones, upon which the funds will be released?
Yes, but regarding last Inchain's concept changes we will change the milestones a bit to make them more frequently. Also, both escrow providers seem solid, but your minimum ICO goal is set at ~2,780 btc, that's 1,390 btc for each of them. Although they are (very) trusted, none of them have ever held funds even close to such amount. Are you going to use multisig or will you let them fully control the funds?
We will use multisig 3-4 where 2 keys holds escrow, 1 key for me and 1 key for Dmitry. Side question: Have you got any bitcointalk signature campaign participants? If so, how many? If there are only few of them, will you still stick to the fixed 250k signature bounty? The reward could be disproportionately high for the effort.
Yes, campaigns stats here: https://docs.google.com/spreadsheets/d/1ZDwUJeTStAzD4QtxM2gqNSaXm5LgMRgKUU0OXs9vEBIBecause of the campaign will active before the end of ICO we awaiting more participants.
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mendra_2009
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October 21, 2016, 09:08:44 PM |
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Hi Sergey_Inchain, Inchain survey not updated?
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xtyling
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October 21, 2016, 09:10:24 PM |
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Is the excel spreadsheet being updated ?
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pawel7777
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October 21, 2016, 09:11:15 PM |
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... Side question: Have you got any bitcointalk signature campaign participants? If so, how many? If there are only few of them, will you still stick to the fixed 250k signature bounty? The reward could be disproportionately high for the effort.
Yes, campaigns stats here: https://docs.google.com/spreadsheets/d/1ZDwUJeTStAzD4QtxM2gqNSaXm5LgMRgKUU0OXs9vEBIBecause of the campaign will active before the end of ICO we awaiting more participants. That's quite a lot of participants actually. I assumed there were only a few as I rarely see anyone with inchain's signature.
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Sergey_Inchain (OP)
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October 21, 2016, 09:46:47 PM |
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Hi Sergey_Inchain, Inchain survey not updated?
Hi, it not needs to be updated. It will be active before the end of ICO. Then, the survey shares tokens will be distributed to all survey participants.
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Sergey_Inchain (OP)
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October 21, 2016, 09:48:57 PM |
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Is the excel spreadsheet being updated ?
All campaigns except survey are updated every Saturday.
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SpacemanOne
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October 21, 2016, 11:47:43 PM |
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I did my own market analysis (if you are interested I can post the detailed info at some blog later)
Thank you. You really did a good job. It will greatable if you will post the details as soon as possible. Let's up spend some time to explore it. The details are here.
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jhon conor
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October 21, 2016, 11:52:43 PM |
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when ico inchain start?
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mone1
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October 22, 2016, 12:00:46 AM |
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what kind of legal form is your company, and where is it based? I didn't read anything about it...
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SpacemanOne
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October 22, 2016, 01:04:17 AM |
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In the model, the list of exchanges pointed as an example.
As I can see now the whole model is an example that could possible be implemented and could possibly not. Excuse me, I thought it was a real model, not an example. Why? Maybe because there were no writings like 'This is an example', 'Do not take it serious' or 'our future financial model is not defined yet', 'this is just a concept', etc. I've read your blog post carefully, examined all the details, tried to verify your numbers. I spent some time studying it. And now it turns out this is just an example and your real financial model may be absolutely different. You can consider me as your first fooled potential investor. The only thing we know for sure about the model is that there will be some insurance for exchanges and web wallets. Please correct me if I'm wrong.
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kicauklaten
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October 22, 2016, 05:31:33 AM |
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when ico inchain start?
26th october 2016 ico inchain start
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Sergey_Inchain (OP)
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October 22, 2016, 07:59:33 AM |
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I did my own market analysis (if you are interested I can post the detailed info at some blog later)
Thank you. You really did a good job. It will greatable if you will post the details as soon as possible. Let's up spend some time to explore it. The details are here. Thank you!
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Sergey_Inchain (OP)
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October 22, 2016, 08:07:42 AM |
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In the model, the list of exchanges pointed as an example.
As I can see now the whole model is an example that could possible be implemented and could possibly not. Excuse me, I thought it was a real model, not an example. Why? Maybe because there were no writings like 'This is an example', 'Do not take it serious' or 'our future financial model is not defined yet', 'this is just a concept', etc. I've read your blog post carefully, examined all the details, tried to verify your numbers. I spent some time studying it. And now it turns out this is just an example and your real financial model may be absolutely different. You can consider me as your first fooled potential investor. The only thing we know for sure about the model is that there will be some insurance for exchanges and web wallets. Please correct me if I'm wrong. Hi, thank for the opinion. You are wrong. This model demonstrates operational financial scheme of Inchain. As I wrote, the list of exchanges is an example, to understand what exchanges & web-wallets may participate in insurance process we need to finalise risk model and check every exchange & web-wallet to assess their risk rating. Only after that it will possible to decide which exchanges or web-wallets have enough risk rating to participate in Inchain insurance.
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Sergey_Inchain (OP)
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October 22, 2016, 08:10:26 AM |
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what kind of legal form is your company, and where is it based? I didn't read anything about it...
There is no company yet. After ICO ends we will register a company as a service provider for the Inchain DAO. Inchain DAO is not a legal entity.
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Sergey_Inchain (OP)
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October 22, 2016, 08:36:18 AM |
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I did my own market analysis (if you are interested I can post the detailed info at some blog later)
Thank you. You really did a good job. It will greatable if you will post the details as soon as possible. Let's up spend some time to explore it. The details are here. Great analysis, thank you. You forget about ETH.
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loveofmylife
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October 22, 2016, 08:52:28 AM |
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what kind of legal form is your company, and where is it based? I didn't read anything about it...
There is no company yet. After ICO ends we will register a company as a service provider for the Inchain DAO. Inchain DAO is not a legal entity. Could you tell us more what did you consult? Actually since inchain dao is not a legal entity, why did you postpone ico?
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loveofmylife
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October 22, 2016, 09:14:24 AM |
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LOL, that is breaking bad image, I don't think they are related, but I heard OP has the relationshipt with Russian elephant project.
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Sergey_Inchain (OP)
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October 22, 2016, 09:14:59 AM |
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what kind of legal form is your company, and where is it based? I didn't read anything about it...
There is no company yet. After ICO ends we will register a company as a service provider for the Inchain DAO. Inchain DAO is not a legal entity. Could you tell us more what did you consult? Actually since inchain dao is not a legal entity, why did you postpone ico? Yes. We will post more details soon. This 2 weeks we spent on analysis what is the best legal scheme for Inchain. We told about it with three lawyers. Also we learned pretty much from docs around ICO & DAO legal questions, for example: https://steemit.com/crypto-news/@dan/is-the-dao-going-to-be-doahttps://medium.com/@GlobalTaxAccountants/united-states-federal-taxation-of-dao-tokens-e06be3be8565#.1dhbc4fj1https://prestonbyrne.com/2016/05/17/thedao-dont-walk-away-restructure/https://github.com/Otonomos/smart-equity/wiki/E.-How-to-Safeguard-Tokenholders'-Economics-Claims%3Fhttp://3amdeveloper.com/terms-and-conditions-of-the-ethereum-genesis-sale/https://medium.com/@piersbxd/ethereum-fixing-the-legal-problem-of-the-dao-4cae1eea63a6https://www.linkedin.com/pulse/how-sue-dao-stephen-palley
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