johny1976
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Merit: 1002
Developer
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November 23, 2016, 06:40:54 PM |
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ICO or Crowdfunding You will get tradable shares so ICO.
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johny1976
Legendary
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Activity: 1135
Merit: 1002
Developer
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November 23, 2016, 06:51:53 PM |
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P.S. While I'm busy making friends, I'd like to offer my services as escrow. I would be willing to act as escrow, where I only release funds after issuance of all shares and personally conducting a basic due-diligence and security audit of the code. I would be happy to offer this for a flat 3%, but I would only be able to offer due-diligence/security review if the ICO got > 100 BTC invested. If my findings or opinion is negative, I would offer a period for people to get a refund on their bitcoin (in exchange for shares) before releasing it to betbase. Otherwise I would release funds to betbase, and not further be involved and you would release the funds to whom? why not keep it and handle it as long term escrow so all investors can be sure it will not disappear into the dark? That would be fine if we wouldn't need the money for our bankroll. RHavar knows how to handle a Bank Roll That wouldn't be neither practical nor cheap. We use cold storage for finance so that will be OK. It's a common practice when doing ICO. As of escrow, we think it will be best if it won't be an escrow from Bitcointalk, we need a real trusted (and I mean really TRUSTED) escrow as we can not afford to risk any of your money.
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JackpotRacer
Legendary
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Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
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November 23, 2016, 06:56:37 PM |
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P.S. While I'm busy making friends, I'd like to offer my services as escrow. I would be willing to act as escrow, where I only release funds after issuance of all shares and personally conducting a basic due-diligence and security audit of the code. I would be happy to offer this for a flat 3%, but I would only be able to offer due-diligence/security review if the ICO got > 100 BTC invested. If my findings or opinion is negative, I would offer a period for people to get a refund on their bitcoin (in exchange for shares) before releasing it to betbase. Otherwise I would release funds to betbase, and not further be involved and you would release the funds to whom? why not keep it and handle it as long term escrow so all investors can be sure it will not disappear into the dark? That would be fine if we wouldn't need the money for our bankroll. RHavar knows how to handle a Bank Roll That wouldn't be neither practical nor cheap. We use cold storage for finance so that will be OK. It's a common practice when doing ICO. As of escrow, we think it will be best if it won't be an escrow from Bitcointalk, we need a real trusted (and I mean really TRUSTED) escrow as we can not afford to risk any of your money. and who is trusted in your team after the coins go into cold storage?
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wagecoins
Jr. Member
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Activity: 59
Merit: 10
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November 23, 2016, 06:58:31 PM |
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Dear All,
As i was personally mentioned in the topic i would like to give a short summary about my project.
I started to build WageCoins in April after i get in touch with MoneyPot team, especially with Rango (Acoin) He advised me Johny as a developer. Our agreement was that the site will be ready with all features until May. (1 month deadline) Johny had some issues so he couldnt keep it. I thought it is okay because every project can have problems. We agreed again to fix everything latest in June.
Johny and his team fixed the site except rakeback function which was totally messy. It is true that he was working on it to fix it. He couldnt fix it.. After that Johny disappeared for a while and i became very confused about MP team and his job too.
We had a very rough conversation after that between Rango, Johny and me. ( the rakeback was still a mess ) The project was taken over by an other developer team, they fixed all the functions.
It is true that i am still in contact with Johny we talked on Skype and i said congrats to him about his new project.
Personally i didnt have any problem with him after the first delay, he was honest and explained the reason about the delay. But after he disappeared for weeks i couldnt trust him anymore.
I still want to say congrats for the site and i hope if someone wants to build a casino at them they will provide a prompt support.
WageCoins
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Wagecoins - Dice, plinko and more
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johny1976
Legendary
Offline
Activity: 1135
Merit: 1002
Developer
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November 23, 2016, 07:03:46 PM |
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P.S. While I'm busy making friends, I'd like to offer my services as escrow. I would be willing to act as escrow, where I only release funds after issuance of all shares and personally conducting a basic due-diligence and security audit of the code. I would be happy to offer this for a flat 3%, but I would only be able to offer due-diligence/security review if the ICO got > 100 BTC invested. If my findings or opinion is negative, I would offer a period for people to get a refund on their bitcoin (in exchange for shares) before releasing it to betbase. Otherwise I would release funds to betbase, and not further be involved and you would release the funds to whom? why not keep it and handle it as long term escrow so all investors can be sure it will not disappear into the dark? That would be fine if we wouldn't need the money for our bankroll. RHavar knows how to handle a Bank Roll That wouldn't be neither practical nor cheap. We use cold storage for finance so that will be OK. It's a common practice when doing ICO. As of escrow, we think it will be best if it won't be an escrow from Bitcointalk, we need a real trusted (and I mean really TRUSTED) escrow as we can not afford to risk any of your money. and who is trusted in your team after the coins go into cold storage? For example me, almost Legendary user (any day now). Dear All,
As i was personally mentioned in the topic i would like to give a short summary about my project.
I started to build WageCoins in April after i get in touch with MoneyPot team, especially with Rango (Acoin) He advised me Johny as a developer. Our agreement was that the site will be ready with all features until May. (1 month deadline) Johny had some issues so he couldnt keep it. I thought it is okay because every project can have problems. We agreed again to fix everything latest in June.
Johny and his team fixed the site except rakeback function which was totally messy. It is true that he was working on it to fix it. He couldnt fix it.. After that Johny disappeared for a while and i became very confused about MP team and his job too.
We had a very rough conversation after that between Rango, Johny and me. ( the rakeback was still a mess ) The project was taken over by an other developer team, they fixed all the functions.
It is true that i am still in contact with Johny we talked on Skype and i said congrats to him about his new project.
Personally i didnt have any problem with him after the first delay, he was honest and explained the reason about the delay. But after he disappeared for weeks i couldnt trust him anymore.
I still want to say congrats for the site and i hope if someone wants to build a casino at them they will provide a prompt support.
WageCoins
Thanks for confirmation, David.
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JackpotRacer
Legendary
Offline
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
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November 23, 2016, 07:13:11 PM |
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P.S. While I'm busy making friends, I'd like to offer my services as escrow. I would be willing to act as escrow, where I only release funds after issuance of all shares and personally conducting a basic due-diligence and security audit of the code. I would be happy to offer this for a flat 3%, but I would only be able to offer due-diligence/security review if the ICO got > 100 BTC invested. If my findings or opinion is negative, I would offer a period for people to get a refund on their bitcoin (in exchange for shares) before releasing it to betbase. Otherwise I would release funds to betbase, and not further be involved and you would release the funds to whom? why not keep it and handle it as long term escrow so all investors can be sure it will not disappear into the dark? That would be fine if we wouldn't need the money for our bankroll. RHavar knows how to handle a Bank Roll That wouldn't be neither practical nor cheap. We use cold storage for finance so that will be OK. It's a common practice when doing ICO. As of escrow, we think it will be best if it won't be an escrow from Bitcointalk, we need a real trusted (and I mean really TRUSTED) escrow as we can not afford to risk any of your money. and who is trusted in your team after the coins go into cold storage? For example me, almost Legendary user (any day now). are you joking? you? cause you are almost a Legendary? why would someone trust you? oh sorry for dumb question cause you are almost Legendary if you would be smart you would go back into last row and let other trusted users do the job but only if your team has a trusted user
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johny1976
Legendary
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Activity: 1135
Merit: 1002
Developer
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November 23, 2016, 07:20:46 PM |
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...
For example me, almost Legendary user (any day now). are you joking? you? cause you are almost a Legendary? why would someone trust you? oh sorry for dumb question cause you are almost Legendary if you would be smart you would go back into last row and let other trusted users do the job but only if your team has a trusted user Escrow will be provided for the ICO from start to finish. Bankroll will be managed by Betbase after that. There's no other practical way.
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RHavar
Legendary
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Activity: 1463
Merit: 1886
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November 23, 2016, 07:39:08 PM |
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As of escrow, we think it will be best if it won't be an escrow from Bitcointalk, we need a real trusted (and I mean really TRUSTED) escrow as we can not afford to risk any of your money.
I strongly doubt you will find a "really trusted" escrow who would risk damaging their reputation to enter a deal where their only responsibility is ensuring you've issued shares (which we all know, offers absolutely no assurances and even if it was a scam would still get issued). If an escrow agent is not able to offer either side any meaningful assurances, it gives a sense of impropriety and increases investors risk.
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Check out gamblingsitefinder.com for a decent list/rankings of crypto casinos. Note: I have no affiliation or interest in it, and don't even agree with all the rankings ... but it's the only uncorrupted review site I'm aware of.
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blocks.explorer
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November 23, 2016, 08:28:45 PM |
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so how can the investors be sure you will not "disappear" after the ICO funds have been transferred to you - if there will be "trusted" escrow that will handle ICO funds. Even having "shares" distributed, it will be worth nothing unless a working product is delivered on time and without bugs and issues. Personally i didnt have any problem with him after the first delay, he was honest and explained the reason about the delay. But after he disappeared for weeks i couldnt trust him anymore.
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johny1976
Legendary
Offline
Activity: 1135
Merit: 1002
Developer
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November 23, 2016, 08:43:20 PM |
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so how can the investors be sure you will not "disappear" after the ICO funds have been transferred to you - if there will be "trusted" escrow that will handle ICO funds. Even having "shares" distributed, it will be worth nothing unless a working product is delivered on time and without bugs and issues. Personally i didnt have any problem with him after the first delay, he was honest and explained the reason about the delay. But after he disappeared for weeks i couldnt trust him anymore.
Hi, thanks for question. Firstly, the working product is already delivered and fuly functional. Secondly, back then, we just wasn't able to deliver the product on time so we didn't have anything to inform David about. We didn't actually disappeared. Yet we take responsibility for it. Betbase is a priority #1 for me personaly (and the new team is dedicated to betbase). I'm really excited about this and so is my team. We've spent hours and hours of coding and you can trust me when I say that I'll never leave Betbase if there will be anyone interested in using it. That's a commitment.
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Daffadile
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November 23, 2016, 10:17:41 PM |
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As of escrow, we think it will be best if it won't be an escrow from Bitcointalk, we need a real trusted (and I mean really TRUSTED) escrow as we can not afford to risk any of your money.
I strongly doubt you will find a "really trusted" escrow who would risk damaging their reputation to enter a deal where their only responsibility is ensuring you've issued shares (which we all know, offers absolutely no assurances and even if it was a scam would still get issued). If an escrow agent is not able to offer either side any meaningful assurances, it gives a sense of impropriety and increases investors risk. Yes that is right it is not the responsibility of the escrow service whether or not external trades or promises made happen or not. They just hold the money and release it when the requirement is met. Only a shady place would want to take that risk since they wouldn't care about getting a bad name because they will only go and open a new website and do it all over again.
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googlebtc
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November 24, 2016, 12:36:45 AM |
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I think it is a good idea to call the people trusted to hold ESCROW, I think it is important to maintain public confidence a lot in this forum
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DeadBirdzz
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November 24, 2016, 01:11:57 AM |
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¯\_(ツ)_/¯
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monocolor
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November 24, 2016, 01:12:56 AM |
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too many ICOs, too little values
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HmmMAA
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November 24, 2016, 01:26:56 AM |
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I totally aggree . SebastianJu was used as an escrow for most of my buys and had no problem with him . Also he accepts tips and not % payment for his services , so i think he is the best solution for your ICO .
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"It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong." Thomas Sowell
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dragonares
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November 24, 2016, 01:27:51 AM |
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The topic or board you are looking for appears to be either missing or off limits to you.
I can't see the bounty thread, why there is rank limit?
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johny1976
Legendary
Offline
Activity: 1135
Merit: 1002
Developer
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November 24, 2016, 09:13:14 AM |
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The topic or board you are looking for appears to be either missing or off limits to you.
I can't see the bounty thread, why there is rank limit?
There's no rank limit, it got deleted. Re-created in different section: https://bitcointalk.org/index.php?topic=1691732.0
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ShooterXD
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November 24, 2016, 10:41:10 AM |
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This is a good investment option. I love cassino!
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johny1976
Legendary
Offline
Activity: 1135
Merit: 1002
Developer
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November 24, 2016, 10:59:16 AM |
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This is a good investment option. I love cassino! Thanks! The responses to our Betbase service are very good, it seems we have a lot to offer. Just some of them: Yes, we're trying to be as transparent as we can. By the way, have you seen our video?
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