WeTrust vs Edgeless

[deadsilent]

I will go for edgeless. I dont know. These two ICO looks very promising. But i think edgeless is better. Gambling is very popular in the cryptoworld. So i think edgeless is better. WeTrust is good too. I just read that Iconomi will support WeTrust. Im not really a fan of ICOs because its risky. But we'll see what is better when they're both release in the market.

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[topesis]

It seems Daniel review and evaluation of WeTrust will certainly expose the project to more potential investors, I believe Edgeless is better because the market is there and Casino business is huge but for WeTrust I can't reality say how they will attract users to their platform which is a very big issue for me

[altcoinrich]

It is an interesting comparison, but they are totally different projects and build in different realm. You know WeTrust is a financial platform, more specific it is insurance platform, but edgeless is a casino platform, to aim profit like yearly like fiat casinos. Personally I prefer Edgeless, because the gambling industry has more fun, people like gambling over insurance.

[shinratensei_]

It seems Daniel review and evaluation of WeTrust will certainly expose the project to more potential investors,

LOL, do you ever read the whole sentences have made by daniel? The project still has a lot of the lack and daniel have acknowledged it.

Is edgeless same with vdice. It seems like more gambling platform use the ethereum manufacture.

[Police Indo]

Both are on different sides but I prefer WeTrust looks more promising bring a concept that can bring economic changes
I'm still waiting to see if this can actually work or not

[AusKipper]

A blockchain can be used to create a cryptocurrency to act as a medium of exchange.

A blockchain or cryptocurrency, IMHO, cannot vette people for loans, and then prosecute them if they are fraudulent in their loan application and/or don't pay the loan back.

I think any of these coins based on that concept is doomed to fail (WeTrust, HumanIQ)

If you want to do something like this, use an existing coin as the  currency, and then create the software etc to facilitate the peer to peer loans (ie, create a Kickstarter using Bitcoin or Monero or Dash or some other coin, and let that software run in a de-centralized fashion)

[modernbuddha]

WeTrust's Token Sale is LIVE IN 17 HOURS.



Go to our website at WWW.WETRUST.IO and sign up!

We've put together a wonderful FAQ with all the FAST FACTS you'll need to know before participating!

[modernbuddha]

A blockchain can be used to create a cryptocurrency to act as a medium of exchange.

A blockchain or cryptocurrency, IMHO, cannot vette people for loans, and then prosecute them if they are fraudulent in their loan application and/or don't pay the loan back.

I think any of these coins based on that concept is doomed to fail (WeTrust, HumanIQ)

If you want to do something like this, use an existing coin as the  currency, and then create the software etc to facilitate the peer to peer loans (ie, create a Kickstarter using Bitcoin or Monero or Dash or some other coin, and let that software run in a de-centralized fashion)

@AusKipper: We aren't policing the loans. We're creating tools for people to police themselves and organize as they choose. To thwart bad actors, WeTrust will have four deterrents:

1. Reputation risk/ Reviews: ROSCA groups will be limited to "trusted associates" - family, friends, co-workers, fraternal groups, and professional/ religious organizations. Defaulting on payments could mean social shame and loss of reputation amongst an individual's closest associates. The idea is that for ROSCAs with small enough dollar amount commitments, reputation risk will be sufficient enough to keep participants honest. Reviews may also be left by other members to show how they felt about any participant.

2. Legal risk: ROSCA formation will allow trusted associates to e-sign and bind each other to a legal contract which requires faithful adherence and payment to the ROSCA. Defaulting on payments and stealing could mean legal repercussions. Legal recourse will only be used if individuals are participating in a "high-stakes" ROSCA and legal action would be worthwhile. I've spoken to our legal advisor and she believes it will be possible to create auto-populating templates that will be tailored to each person's ROSCA terms.

3. Collateral risk: Collateral commitments may be required prior to joining a ROSCA. The collateral will be entered into a smart contract which will surrender the property to the ROSCA group if the ROSCA agreement is breached. Collateral can be liquid-cash like assets like Bitcoin or even less liquid assets such as auto/ home titles. Our system will benefit significantly from the ability to accept less liquid assets, since the majority of middle classes’ net worth is locked in real estate. Collateral would allow capital to be used more efficiently.

4. Smart contract bounty (self-enforcement): If a ROSCA participant violates the terms of the ROSCA, the ROSCA group may start a “Bounty” on the retrieval of funds. If the funds are retrieved, the “Bounty” is paid out to the person who enforces the terms of the ROSCA.


These deterrent options will be on an "opt-in" basis and participants will be able to choose the level of security they want.

[Chin Cheng]

We Trust is going live today and it will be interesting to know whether it can pull the huge amounts like they are expecting.We are seeing more fantasy projects every now and then and i would like to know what difference does it make by believing in wetrust or edgeless. I have to go through the entire white paper to come to a conclusion.

[boazsalosa]

We Trust is going live today and it will be interesting to know whether it can pull the huge amounts like they are expecting.We are seeing more fantasy projects every now and then and i would like to know what difference does it make by believing in wetrust or edgeless. I have to go through the entire white paper to come to a conclusion.

intresting because they have a very different plan
edgeless with future casino and wetrust by providing a beneficial impact for society.

[modernbuddha]

We Trust is going live today and it will be interesting to know whether it can pull the huge amounts like they are expecting.We are seeing more fantasy projects every now and then and i would like to know what difference does it make by believing in wetrust or edgeless. I have to go through the entire white paper to come to a conclusion.

@Chin Cheng: Here's the link to our WP (updated for Daniel Z (ICONOMI)'s review comments): https://github.com/WeTrustPlatform/documents/blob/master/WeTrustWhitePaper.pdf

[puremage111]

Well, imo i would prefer and go foward on Wetrust > Edgeless, not saying that edgeless is bad as if they are able to implement their platform at 0% H.E, it is huge

Yet, Wetrust seems to have a more clear objectives : ROSCA, and the previously failed ico of loan, insurance platform Inchain are not able to took over the pioner place in the crypto insurance/loan industry, It will now be the turn of Wetrust to shine.

But of course, As mentioned on certain post, Loan in cryptocurrency is still relatively new and it will not be growing and profitable within months compare to edgeless because gambling platform are able to adapt and just operate when platform launch.

[modernbuddha]

Well, imo i would prefer and go foward on Wetrust > Edgeless, not saying that edgeless is bad as if they are able to implement their platform at 0% H.E, it is huge

Yet, Wetrust seems to have a more clear objectives : ROSCA, and the previously failed ico of loan, insurance platform Inchain are not able to took over the pioner place in the crypto insurance/loan industry, It will now be the turn of Wetrust to shine.

But of course, As mentioned on certain post, Loan in cryptocurrency is still relatively new and it will not be growing and profitable within months compare to edgeless because gambling platform are able to adapt and just operate when platform launch.

@puremage111: Also, I want to mention that we are taking a "grassroots" approach. We simply want to enable savings and lending amongst trusted communities of friends and family. Because this is already done offline (w/ over 1B people), our platform will be the tool to make it so much easier. Additional products will be built on top of these trust circles that will form.

Check out the roadmap here and our milestones based on funding: https://medium.com/wetrust-blog/updated-budget-and-roadmap-135db39281cb#.rbcygukzq

[Alonzo Ewing]

Well, imo i would prefer and go foward on Wetrust > Edgeless, not saying that edgeless is bad as if they are able to implement their platform at 0% H.E, it is huge

Yet, Wetrust seems to have a more clear objectives : ROSCA, and the previously failed ico of loan, insurance platform Inchain are not able to took over the pioner place in the crypto insurance/loan industry, It will now be the turn of Wetrust to shine.

But of course, As mentioned on certain post, Loan in cryptocurrency is still relatively new and it will not be growing and profitable within months compare to edgeless because gambling platform are able to adapt and just operate when platform launch.

I remember Inchain was the first attempt in Insurance platform for crypto,which failed miserably and I hope Wetrust does not fall in the same level

I was one of the investors in Inchain

[mike77777]

Well, imo i would prefer and go foward on Wetrust > Edgeless, not saying that edgeless is bad as if they are able to implement their platform at 0% H.E, it is huge

Yet, Wetrust seems to have a more clear objectives : ROSCA, and the previously failed ico of loan, insurance platform Inchain are not able to took over the pioner place in the crypto insurance/loan industry, It will now be the turn of Wetrust to shine.

But of course, As mentioned on certain post, Loan in cryptocurrency is still relatively new and it will not be growing and profitable within months compare to edgeless because gambling platform are able to adapt and just operate when platform launch.

I remember Inchain was the first attempt in Insurance platform for crypto,which failed miserably and I hope Wetrust does not fall in the same level

I was one of the investors in Inchain

Inchain was different. They wanted to make insurances for bitcoin exchanges/platforms. WeTrust will deliver tools for mutual insurances. People will create insurances by themselves. And insurances aren't main goal for WeTRust. They have different idea different goals so they can't fail.

[iamnotback]

They have different idea different goals so they can't fail.

Oh really. Guaranteed eh?

63% of all new businesses in IT fail within 4 years. And that statistic is not for hair-brained, pie-in-the-sky ideas with a website and a whitepaper generating $millions for some Russian young guys to live the high life at hotels, conferences, parties, important meetings on yachts in the Baltic Sea, etc.. Even for venture capitalist funded (not pimple-face milliBTC speculators) it is 92% failure rate:

The report analyzed 3,200 high growth web/mobile startups.

Within 3 years, 92% of startups failed. Of those who failed 74%, failed due to premature scaling.

...

As far as I know, tech. startups have highest rate of failure among all industries mainly due to number of uncertainties that come with launching something new/innovative to the market.

I guess you mean they changed the bullshit so that people won't be able to say for sure that they will fail.

ICO graveyard coming...

[Alonzo Ewing]

Edgeless has collected 50k ETH on first few hours of the ICO,So the start is a success.

Lets see about Wetrust tomorrow,how do they start off.

[iamnotback]

Edgeless has collected 50k ETH on first few hours of the ICO,So the start is a success.

Lets see about Wetrust tomorrow,how do they start off.

Do you just enjoy repeating the same mistake over and over again?

I remember Inchain was the first attempt in Insurance platform for crypto,which failed miserably and I hope Wetrust does not fall in the same level

I was one of the investors in Inchain

So you bought Ethereum ICO and made a lot of money and you are still searching for the next big one?

But Ethereum made it back when it didn't have competition from 100s of ICO ideas. Ethereum succeeded because the goal was never to actually produce something that works, just to produce an illusion that it works. So after speculators throw their money away down 100 more rat holes, then a few more DAO attacks on Ethereum smart contracts and it will all collapse back to dust while the sellers of ICOs and the attackers have walked away with all the BTC.

[Alonzo Ewing]

Edgeless has collected 50k ETH on first few hours of the ICO,So the start is a success.

Lets see about Wetrust tomorrow,how do they start off.

Do you just enjoy repeating the same mistake over and over again?

I remember Inchain was the first attempt in Insurance platform for crypto,which failed miserably and I hope Wetrust does not fall in the same level

I was one of the investors in Inchain

So you bought Ethereum ICO and made a lot of money and you are still searching for the next big one?

But Ethereum made it back when it didn't have competition from 100s of ICO ideas. Ethereum succeeded because the goal was never to actually produce something that works, just to produce an illusion that it works. So after speculators throw their money away down 100 more rat holes, then a few more DAO attacks on Ethereum smart contracts and it will all collapse back to dust while the sellers of ICOs and the attackers have walked away with all the BTC.

I dont think I did a mistake this time by investing in the latest ICOs except for Inchain.

these will be successful for sure..even you can be one of the investors

[rafajunior99]

I personally see both a very good project and will develop in the future, so I think there is no problem if you want to invest in this project because they both had to look great, they are working hard with the team and run the projects themselves very seriously.