[ANN] Ethbits Crowdsale (ICO) MORE THAN 13644 ETH RAISED !

[Jenny Moll]

if 1ETH = 100 ETB,  why is there a discretion on the ICO page?

7.5k ETH has been completed, congratulations for the huge success. And we can expect more fund now. Cheers!

Congratulations ICO has completed 8K ETH, this is a very happy thing.

[jenifive]

Jenifive.

Ask questions with out quotes with out FUD and I personally will answer them I guarantee you. But stop spamming our thread with the same thing. I understand concerns from any investor into a new project but ask properly. If you genuinely have questions list them below. tomorrow I will answer to the best of my ability.

Thanks.

First you need to stop deleting any messages from this thread that are relevant to the project even if you dont like them.


Questions are in quotes because i see that you are refusing to answer to them and simply deleting messages.
The first three times my questions were without any quotes and accusations. But as i see you dont want to talk and banning me from Telegram, your subreddit, deleting messages from here. So what conversation are you talking about?

What so FUD about my messages? Can you alaborate on that? That i think you shouldn't trust people that cant answer to simple questions and instead of that deleting all?

Now after 30 times of deleting my messages from here, from Telegram and reddit you want to talk? Why not start doing it before it?

Spamming is posting the same message all over again where the same message is ALREADY located and not being deleted without any reason.

If you understand the concernes from inverstors why not just answer to the questions instead of doing something else?

The questions are:

1. We already have another well made exchanges goes through the fire, getting hacked (Polo) and getting stronger every time. And this would mean that if people will be trading on EthBits they will be risking money to lose. Because exchange will be fresh, without any fixes. And every new exchange is more exposed to hacks because developers dont have enough experience developering their own exchange. So there are will be exchange mistakes on which traders will be paying by losing money. What are the guarantees that EtherBits cold storage wont get hacked with traders money? How can you give any promises on that? Why doing another centralized exchange in the first place?

2. Why you need blockchain network to make a centralized exchange? Other than giving a very small percentage of dividents to token holders what is the another reason? I dont see one.

3. Why not starting exchange without crowdsale? Liqui.io is great example on that. They weren't started any crowdsale to get money from people. They did it by themselves.

The way i see EthBits is using excuse (Ethereum network) to get money for developing centralized exchange on which most of the profits will go only to you. I dont see the reason why else would you need this.

I wouldn't say a thing is this was a decentralized exchange project like bitsquare or openledger or https://etherdelta.github.io but its not. Its from another world.

1. Good question seriously it is good.  Well for the hacking part we are using a team of developers who know the concept of cold storage very well and I have mentioned it before that they have made an exchange that has never had any security problems. We will not be using smart contracts because we are not yet so confident enough. If we use standard well proven protocols with cold storage then the only security breach will be inside jobs and nobody wants to go on the run or go to jail. There will be no one with access to the code who is not well vetted and who has a equity in the company. It will not happen.

2.
Rather than get Angel investors (most of them already have a piece of the pie in other exchanges) we are doing a crowdsale so to give everybody an option to get good returns. We can not legally sit her and say yes you will get rich but we are extremely confident we can take on the top exchanges with volume quickly. Also we will be utilising our token to partly pay site fees and also part of the fees we take in our token will be burned. So we will have a constant volume with a reducing supply. We could not do that with pounds or bitcoin and if we could then it would be nice to hear how we could.

3. I kind of answered this before. I would say Liqui is successful but only a hand full of people are gaining considerable amounts of returns. we are aiming high like Polo. You can call that rubbish if you like but we have the right team in place to do so. Polo makes sometimes 1 Mill usd per day. imagine 40% of that shared out to the people who believed in us from the start or even people who bought our token at 50 times the value from now. I am not saying we will do any of this I am giving you a scenario. If we sell out and we make 1 mill per day then we will pay out 400k USD per day to token holders that will be better than what liqui offers by holding your bitcoin. So what would you prefer a handful of people making all the money or a community  who saw an opportunity and grabbed it to share the profits. We are doing all the hard work all you have to do is believe in what we are doing. So your argument I do not understand.

1. So you are guarantee that EthBits exchange wont get hacked ever in any way? That cold storage can't be hacked ever? That could't happen? Poloniex using cold storage and even they were hacked several times. What are the names of developers that already made another exchanges and what are the name of their exchanges?

Hello, my name is Dmitry Sergeev and I'm lead developer in EthBits. A few years ago I was a part of development team on p2p exchange project. I signed NDA so I can't share you any information about code, project and names.

About security question:
There are 2 types of hacking: hacking the entire network (for example - find and use bugs in blockchain) and exchange platform bugs and erros.
For the first type - It will be not only Ethbits users problems, it will be a global catastrophe for each crypto users and exchanches.
For the second type - My team is developing 100% secure and successful high-load projects for customers.

About cold wallets and Poloniex "hacks" - It wasn't "cold wallet hacks" their problem was in database structure and withdrawal daemon. Cold wallet is 100% secure if you follow 2 rules: 1 - If you send out a transaction from a cold wallet, it's not a cold wallet; 2 - If you create a cold wallet on a infected (hacked) computer, it's not a cold wallet.

I don't have much time, on unreasonable criticism of other projects, so if anyone want to discuss Ethbits with me - My contacts:
Email: sergeevdms@gmail.com
Phone/Telegram : +79315830735

Congrats everyone with our minimum goal.

Of course you signed NDA on your p2p exchange! No one should even know the name of such exchange in which you were developing it. Thats the kind of conforting information i need to know that will give me confidence in legitemacy of the project!

So you are saying you are guaranteeing that for the second type of security breach you can assure all that EthBits can't be hacked ever?

So if exchange will be using cold storage it will be exposed for being hacked on the level of database structure and withdrawal daemon in which situation traders will lose money anyway?

If indeed it happens to these merchants it may be a bad signal of course, but I'm sure this will not happen because they also have an anti hacking security system.

What is this anti hacking security system are you talking about?

[bizzargin]

if 1ETH = 100 ETB,  why is there a discretion on the ICO page?

7.5k ETH has been completed, congratulations for the huge success. And we can expect more fund now. Cheers!

Congratulations ICO has completed 8K ETH, this is a very happy thing.

why are you dummies celebrating this by sharing a picture of discrepancy in the ICO? lol

[Mrbates]

if 1ETH = 100 ETB,  why is there a discretion on the ICO page?

7.5k ETH has been completed, congratulations for the huge success. And we can expect more fund now. Cheers!

Congratulations ICO has completed 8K ETH, this is a very happy thing.

why are you dummies celebrating this by sharing a picture of discrepancy in the ICO? lol

To quote the lego movie, everything is awesome!

[gawuk]

I hope EthBits ICO can be success
goodluck dev

[BitcoinRonnie]

I hope EthBits ICO can be success
goodluck dev

It is already successful, the minimum is collected, it will go more quickly when many will understand this.

[jenifive]

I wouldn't be trusting EthBits project with the person that have negative rating account...
https://bitcointalk.org/index.php?action=profile;u=900663


And im very worry right now about the money that people already contributed to the crowdsale.

Please be aware!


Plus i didnt get any answers to my questions since two days...

Jenifive.

Ask questions with out quotes with out FUD and I personally will answer them I guarantee you. But stop spamming our thread with the same thing. I understand concerns from any investor into a new project but ask properly. If you genuinely have questions list them below. tomorrow I will answer to the best of my ability.

Thanks.

First you need to stop deleting any messages from this thread that are relevant to the project even if you dont like them.


Questions are in quotes because i see that you are refusing to answer to them and simply deleting messages.
The first three times my questions were without any quotes and accusations. But as i see you dont want to talk and banning me from Telegram, your subreddit, deleting messages from here. So what conversation are you talking about?

What so FUD about my messages? Can you alaborate on that? That i think you shouldn't trust people that cant answer to simple questions and instead of that deleting all?

Now after 30 times of deleting my messages from here, from Telegram and reddit you want to talk? Why not start doing it before it?

Spamming is posting the same message all over again where the same message is ALREADY located and not being deleted without any reason.

If you understand the concernes from inverstors why not just answer to the questions instead of doing something else?

The questions are:

1. We already have another well made exchanges goes through the fire, getting hacked (Polo) and getting stronger every time. And this would mean that if people will be trading on EthBits they will be risking money to lose. Because exchange will be fresh, without any fixes. And every new exchange is more exposed to hacks because developers dont have enough experience developering their own exchange. So there are will be exchange mistakes on which traders will be paying by losing money. What are the guarantees that EtherBits cold storage wont get hacked with traders money? How can you give any promises on that? Why doing another centralized exchange in the first place?

2. Why you need blockchain network to make a centralized exchange? Other than giving a very small percentage of dividents to token holders what is the another reason? I dont see one.

3. Why not starting exchange without crowdsale? Liqui.io is great example on that. They weren't started any crowdsale to get money from people. They did it by themselves.

The way i see EthBits is using excuse (Ethereum network) to get money for developing centralized exchange on which most of the profits will go only to you. I dont see the reason why else would you need this.

I wouldn't say a thing is this was a decentralized exchange project like bitsquare or openledger or https://etherdelta.github.io but its not. Its from another world.

1. Good question seriously it is good.  Well for the hacking part we are using a team of developers who know the concept of cold storage very well and I have mentioned it before that they have made an exchange that has never had any security problems. We will not be using smart contracts because we are not yet so confident enough. If we use standard well proven protocols with cold storage then the only security breach will be inside jobs and nobody wants to go on the run or go to jail. There will be no one with access to the code who is not well vetted and who has a equity in the company. It will not happen.

2.
Rather than get Angel investors (most of them already have a piece of the pie in other exchanges) we are doing a crowdsale so to give everybody an option to get good returns. We can not legally sit her and say yes you will get rich but we are extremely confident we can take on the top exchanges with volume quickly. Also we will be utilising our token to partly pay site fees and also part of the fees we take in our token will be burned. So we will have a constant volume with a reducing supply. We could not do that with pounds or bitcoin and if we could then it would be nice to hear how we could.

3. I kind of answered this before. I would say Liqui is successful but only a hand full of people are gaining considerable amounts of returns. we are aiming high like Polo. You can call that rubbish if you like but we have the right team in place to do so. Polo makes sometimes 1 Mill usd per day. imagine 40% of that shared out to the people who believed in us from the start or even people who bought our token at 50 times the value from now. I am not saying we will do any of this I am giving you a scenario. If we sell out and we make 1 mill per day then we will pay out 400k USD per day to token holders that will be better than what liqui offers by holding your bitcoin. So what would you prefer a handful of people making all the money or a community  who saw an opportunity and grabbed it to share the profits. We are doing all the hard work all you have to do is believe in what we are doing. So your argument I do not understand.

1. So you are guarantee that EthBits exchange wont get hacked ever in any way? That cold storage can't be hacked ever? That could't happen? Poloniex using cold storage and even they were hacked several times. What are the names of developers that already made another exchanges and what are the name of their exchanges?

2. So your answer for my question is you are using blockchain network because you need to money for developing centralized exchange and there is no near any other reason why would you need to use particulary a blockchain? So if you had money for developing you wouldn't use ethereum network?

3. I'm sure Liqui will get bigger after some time and i dont see the reason why would some new exchange should be huge with a lot of users. If you are planning to start instantly like Polo with their volumes than you are risking to be hacked because a lot of hackers eyeballs will be watching your exchange.
I think there is no reason to be in a hurry to become big because you should get enough time to get trust and credibility.
I need the exact calculations what profit will token holders get if for example you will be having Bittrex month profit.

What profit will i get if i will be buying EthBits tokens for the current price in sum of 10 BTC.

For example:
I will be buying 20000 EBTS. It is 0.9% of all the 100% total EBTS cap.
If Exchange will be getting profit for 50k USD every day the token holders will be getting 1000 EBTS profits every month to my wallet.

Also will the exchange profit calculations be transparent and you will be making every month a thorough spreadsheet for investors? Or we will be trusting on your WORD that you will be fair and will give any exchange balance information? How also we could be sure that you will be getting correct data without any changes? Am i understand this right that your profit payments to tokens holders will be made by EthBits devs so we should trust you that your team won't scum anyone?

In total this is your business model?
You asking for 100% of money from people without any return for exchange development. No one can be sure if you even make this glorious exchange. No one is sure if it will any good. No one is sure if it will not be hacked.
And if at the end all will get well and you will finally release your exchange after a year or more for every 1 profited dollar you will take 0.6 cents for yourself and the rest 0.4 for all the token holders? What kind of fairy world are you live in? Do you think this is reasonable business model for people buying your coin?

Of course you signed NDA on your p2p exchange! No one should even know the name of such exchange in which you were developing it. Thats the kind of conforting information i need to know that will give me confidence in legitemacy of the project!

So you are saying you are guaranteeing that for the second type of security breach you can assure all that EthBits can't be hacked ever?

So if exchange will be using cold storage it will be exposed for being hacked on the level of database structure and withdrawal daemon in which situation traders will lose money anyway?

[toygg]

Personally, I have invested about 0.5 ETH in it. Although it might sound little, but I believe in this project's success in the future when it is launched. The price of ETHbits is going to skyrocket in value.

[xdookiex]

I wouldn't be trusting EthBits project with the person that have negative rating account...
https://bitcointalk.org/index.php?action=profile;u=900663


And im very worry right now about the money that people already contributed to the crowdsale.

Please be aware!


Plus i didnt get any answers to my questions since two days...

Jenifive.

Ask questions with out quotes with out FUD and I personally will answer them I guarantee you. But stop spamming our thread with the same thing. I understand concerns from any investor into a new project but ask properly. If you genuinely have questions list them below. tomorrow I will answer to the best of my ability.

Thanks.

First you need to stop deleting any messages from this thread that are relevant to the project even if you dont like them.


Questions are in quotes because i see that you are refusing to answer to them and simply deleting messages.
The first three times my questions were without any quotes and accusations. But as i see you dont want to talk and banning me from Telegram, your subreddit, deleting messages from here. So what conversation are you talking about?

What so FUD about my messages? Can you alaborate on that? That i think you shouldn't trust people that cant answer to simple questions and instead of that deleting all?

Now after 30 times of deleting my messages from here, from Telegram and reddit you want to talk? Why not start doing it before it?

Spamming is posting the same message all over again where the same message is ALREADY located and not being deleted without any reason.

If you understand the concernes from inverstors why not just answer to the questions instead of doing something else?

The questions are:

1. We already have another well made exchanges goes through the fire, getting hacked (Polo) and getting stronger every time. And this would mean that if people will be trading on EthBits they will be risking money to lose. Because exchange will be fresh, without any fixes. And every new exchange is more exposed to hacks because developers dont have enough experience developering their own exchange. So there are will be exchange mistakes on which traders will be paying by losing money. What are the guarantees that EtherBits cold storage wont get hacked with traders money? How can you give any promises on that? Why doing another centralized exchange in the first place?

2. Why you need blockchain network to make a centralized exchange? Other than giving a very small percentage of dividents to token holders what is the another reason? I dont see one.

3. Why not starting exchange without crowdsale? Liqui.io is great example on that. They weren't started any crowdsale to get money from people. They did it by themselves.

The way i see EthBits is using excuse (Ethereum network) to get money for developing centralized exchange on which most of the profits will go only to you. I dont see the reason why else would you need this.

I wouldn't say a thing is this was a decentralized exchange project like bitsquare or openledger or https://etherdelta.github.io but its not. Its from another world.

1. Good question seriously it is good.  Well for the hacking part we are using a team of developers who know the concept of cold storage very well and I have mentioned it before that they have made an exchange that has never had any security problems. We will not be using smart contracts because we are not yet so confident enough. If we use standard well proven protocols with cold storage then the only security breach will be inside jobs and nobody wants to go on the run or go to jail. There will be no one with access to the code who is not well vetted and who has a equity in the company. It will not happen.

2.
Rather than get Angel investors (most of them already have a piece of the pie in other exchanges) we are doing a crowdsale so to give everybody an option to get good returns. We can not legally sit her and say yes you will get rich but we are extremely confident we can take on the top exchanges with volume quickly. Also we will be utilising our token to partly pay site fees and also part of the fees we take in our token will be burned. So we will have a constant volume with a reducing supply. We could not do that with pounds or bitcoin and if we could then it would be nice to hear how we could.

3. I kind of answered this before. I would say Liqui is successful but only a hand full of people are gaining considerable amounts of returns. we are aiming high like Polo. You can call that rubbish if you like but we have the right team in place to do so. Polo makes sometimes 1 Mill usd per day. imagine 40% of that shared out to the people who believed in us from the start or even people who bought our token at 50 times the value from now. I am not saying we will do any of this I am giving you a scenario. If we sell out and we make 1 mill per day then we will pay out 400k USD per day to token holders that will be better than what liqui offers by holding your bitcoin. So what would you prefer a handful of people making all the money or a community  who saw an opportunity and grabbed it to share the profits. We are doing all the hard work all you have to do is believe in what we are doing. So your argument I do not understand.

1. So you are guarantee that EthBits exchange wont get hacked ever in any way? That cold storage can't be hacked ever? That could't happen? Poloniex using cold storage and even they were hacked several times. What are the names of developers that already made another exchanges and what are the name of their exchanges?

2. So your answer for my question is you are using blockchain network because you need to money for developing centralized exchange and there is no near any other reason why would you need to use particulary a blockchain? So if you had money for developing you wouldn't use ethereum network?

3. I'm sure Liqui will get bigger after some time and i dont see the reason why would some new exchange should be huge with a lot of users. If you are planning to start instantly like Polo with their volumes than you are risking to be hacked because a lot of hackers eyeballs will be watching your exchange.
I think there is no reason to be in a hurry to become big because you should get enough time to get trust and credibility.
I need the exact calculations what profit will token holders get if for example you will be having Bittrex month profit.

What profit will i get if i will be buying EthBits tokens for the current price in sum of 10 BTC.

For example:
I will be buying 20000 EBTS. It is 0.9% of all the 100% total EBTS cap.
If Exchange will be getting profit for 50k USD every day the token holders will be getting 1000 EBTS profits every month to my wallet.

Also will the exchange profit calculations be transparent and you will be making every month a thorough spreadsheet for investors? Or we will be trusting on your WORD that you will be fair and will give any exchange balance information? How also we could be sure that you will be getting correct data without any changes? Am i understand this right that your profit payments to tokens holders will be made by EthBits devs so we should trust you that your team won't scum anyone?

In total this is your business model?
You asking for 100% of money from people without any return for exchange development. No one can be sure if you even make this glorious exchange. No one is sure if it will any good. No one is sure if it will not be hacked.
And if at the end all will get well and you will finally release your exchange after a year or more for every 1 profited dollar you will take 0.6 cents for yourself and the rest 0.4 for all the token holders? What kind of fairy world are you live in? Do you think this is reasonable business model for people buying your coin?

Of course you signed NDA on your p2p exchange! No one should even know the name of such exchange in which you were developing it. Thats the kind of conforting information i need to know that will give me confidence in legitemacy of the project!

So you are saying you are guaranteeing that for the second type of security breach you can assure all that EthBits can't be hacked ever?

So if exchange will be using cold storage it will be exposed for being hacked on the level of database structure and withdrawal daemon in which situation traders will lose money anyway?

Honestly JenFive... you remind me of the little girl that cried wolf. TBH, i have contributed to this campaign, and believe in it, along with the other people that have invested $400,000 USD. If its a scam, I appreciate your efforts in hindsight, but the sheer fact is that i've already invested.

Fact, there are two possibilities moving forward since i'm already vested.

1) Its a scam. My money is lost
2) Its not a scam, and i stand to make money with these guys.

point one, if its a scam, my money is gone. You crying wolf isn't gonna bring it back.
point two, its not a scam, but your fuckin FUD, which at this point it seems more and more like, is actually good for me!!!!!

Why? Because regardless of your FUD, i'm already invested. So you're FUD is only scaring other investors away, and in essence, my investment will give me a better return.

For this FUD I thank you.

I know you guys are full of FUD, because your ENTIRE FUD bullshit argument is built on the fact the Dev's are deleting your FUD posts.

Its logic, that if i was a campaign manager, and dumb shits like you were creating FUD, i would delete that shit too. Freedom of speech on a moderated forum is not free.

You trolls are essentially trolling. How much is poloniex paying you? You guys have FUDd'ED SOOOO MUCH, that they are finally leaving your FUD. You do realize that?

That you look like a FUCKIN IDIOT.

AND IF I COULD. I would down vote all your trust, because this project is legit.

JUST GET THE FUCK OUT.

You aren't offering anything constructive.

If you are GOING to FUD, STOP.

I'm already invested.

They aren't deleting your FUD anymore, cuz they realize ur a fukin parasite.

BUT THANK YOU.

For scaring people away.

I'm not afraid, and I will get mine.

[Coinonomous]

Hey yo sucka - I'll be more than happy to shove this post up my own ass if you don't get scammed and if not, well tell me i'm a troll ofc... 

[BorisTheBulletDodger]

It was repeatedly pointed out in the locked thread that this was a scam.

There was overwhelming evidence that there is some connection to EBITZ.

It has happened so many times where scamming attempts are called out and these concerns are labelled 'FUD"

and then after some time, you have those very people who were ready to lay their lives for the dev start threatening said "dev" with physical

violence because guess what?, the so-called fudders were right.....

want the very latest example?

check out the "ZETH" thread....

https://bitcointalk.org/index.php?topic=1802128.0

https://bitcointalk.org/index.php?topic=1878019.0

Now if you lose money when Ethbits turns scam, then you will have only your greed, short-sightedness and utter stupidity to blame.

[Coinonomous]

It was repeatedly pointed out in the locked thread that this was a scam.

There was overwhelming evidence that there is some connection to EBITZ.

It has happened so many times where scamming attempts are called out and these concerns are labelled 'FUD"

and then after some time, you have those very people who were ready to lay their lives for the dev start threatening said "dev" with physical

violence because guess what?, the so-called fudders were right.....

want the very latest example?

check out the "ZETH" thread....

https://bitcointalk.org/index.php?topic=1802128.0

https://bitcointalk.org/index.php?topic=1878019.0

Now if you lose money when Ethbits turns scam, then you will have only your greed, short-sightedness and utter stupidity to blame.

This guy is on the same page for sure... Jesus are you all fuckin blind???   

[BorisTheBulletDodger]

This is the locked thread: https://bitcointalk.org/index.php?topic=1834042.40

A lot of concerns were levelled on there and then this moderated thread was open.

[minime0105]

They can fud all they want, but I'll still believe in ethbits.
Just think, if its a scam ICO, how can they attend the coinfest UK 2017, one more thing, this is an article from one of the most reputable sites in crypto news. You can take a read, and as I said, they are not publishing scam stories or ICO because they are also a well reputed one.

https://www.cryptocoinsnews.com/ethbits-gets-green-light-new-copy-trading-cryptocurrency-exchange/

[BorisTheBulletDodger]

They can fud all they want, but I'll still believe in ethbits.
Just think, if its a scam ICO, how can they attend the coinfest UK 2017, one more thing, this is an article from one of the most reputable sites in crypto news. You can take a read, and as I said, they are not publishing scam stories or ICO because they are also a well reputed one.

https://www.cryptocoinsnews.com/ethbits-gets-green-light-new-copy-trading-cryptocurrency-exchange/

how fucking stupid are you?

Do you see this shit at the bottom of the article?

This is a sponsored story.

 

PS: I just saw noticed your signature.......look at mine....

[royalfestus]

These are the challenges you might face when u decide not to use angel investor and choose crowdsale. However I know the team is learning from the discusions so far. They have the team and the idea, it all has to go through a test. I hope the crowdsale is responding well and minimum value can be reachec if not the maximum. Crowdsale will not easier in coming year though it is good option now for most projects to get funding. Is the project at a good stage(not alpha test)? Token matter only for a while but how long will the project token stay on the top 100 of the marketcap

[jenifive]

I wouldn't be trusting EthBits project with the person that have negative rating account...
https://bitcointalk.org/index.php?action=profile;u=900663


And im very worry right now about the money that people already contributed to the crowdsale.

Please be aware!


Plus i didnt get any answers to my questions since two days...

Jenifive.

Ask questions with out quotes with out FUD and I personally will answer them I guarantee you. But stop spamming our thread with the same thing. I understand concerns from any investor into a new project but ask properly. If you genuinely have questions list them below. tomorrow I will answer to the best of my ability.

Thanks.

First you need to stop deleting any messages from this thread that are relevant to the project even if you dont like them.


Questions are in quotes because i see that you are refusing to answer to them and simply deleting messages.
The first three times my questions were without any quotes and accusations. But as i see you dont want to talk and banning me from Telegram, your subreddit, deleting messages from here. So what conversation are you talking about?

What so FUD about my messages? Can you alaborate on that? That i think you shouldn't trust people that cant answer to simple questions and instead of that deleting all?

Now after 30 times of deleting my messages from here, from Telegram and reddit you want to talk? Why not start doing it before it?

Spamming is posting the same message all over again where the same message is ALREADY located and not being deleted without any reason.

If you understand the concernes from inverstors why not just answer to the questions instead of doing something else?

The questions are:

1. We already have another well made exchanges goes through the fire, getting hacked (Polo) and getting stronger every time. And this would mean that if people will be trading on EthBits they will be risking money to lose. Because exchange will be fresh, without any fixes. And every new exchange is more exposed to hacks because developers dont have enough experience developering their own exchange. So there are will be exchange mistakes on which traders will be paying by losing money. What are the guarantees that EtherBits cold storage wont get hacked with traders money? How can you give any promises on that? Why doing another centralized exchange in the first place?

2. Why you need blockchain network to make a centralized exchange? Other than giving a very small percentage of dividents to token holders what is the another reason? I dont see one.

3. Why not starting exchange without crowdsale? Liqui.io is great example on that. They weren't started any crowdsale to get money from people. They did it by themselves.

The way i see EthBits is using excuse (Ethereum network) to get money for developing centralized exchange on which most of the profits will go only to you. I dont see the reason why else would you need this.

I wouldn't say a thing is this was a decentralized exchange project like bitsquare or openledger or https://etherdelta.github.io but its not. Its from another world.

1. Good question seriously it is good.  Well for the hacking part we are using a team of developers who know the concept of cold storage very well and I have mentioned it before that they have made an exchange that has never had any security problems. We will not be using smart contracts because we are not yet so confident enough. If we use standard well proven protocols with cold storage then the only security breach will be inside jobs and nobody wants to go on the run or go to jail. There will be no one with access to the code who is not well vetted and who has a equity in the company. It will not happen.

2.
Rather than get Angel investors (most of them already have a piece of the pie in other exchanges) we are doing a crowdsale so to give everybody an option to get good returns. We can not legally sit her and say yes you will get rich but we are extremely confident we can take on the top exchanges with volume quickly. Also we will be utilising our token to partly pay site fees and also part of the fees we take in our token will be burned. So we will have a constant volume with a reducing supply. We could not do that with pounds or bitcoin and if we could then it would be nice to hear how we could.

3. I kind of answered this before. I would say Liqui is successful but only a hand full of people are gaining considerable amounts of returns. we are aiming high like Polo. You can call that rubbish if you like but we have the right team in place to do so. Polo makes sometimes 1 Mill usd per day. imagine 40% of that shared out to the people who believed in us from the start or even people who bought our token at 50 times the value from now. I am not saying we will do any of this I am giving you a scenario. If we sell out and we make 1 mill per day then we will pay out 400k USD per day to token holders that will be better than what liqui offers by holding your bitcoin. So what would you prefer a handful of people making all the money or a community  who saw an opportunity and grabbed it to share the profits. We are doing all the hard work all you have to do is believe in what we are doing. So your argument I do not understand.

1. So you are guarantee that EthBits exchange wont get hacked ever in any way? That cold storage can't be hacked ever? That could't happen? Poloniex using cold storage and even they were hacked several times. What are the names of developers that already made another exchanges and what are the name of their exchanges?

2. So your answer for my question is you are using blockchain network because you need to money for developing centralized exchange and there is no near any other reason why would you need to use particulary a blockchain? So if you had money for developing you wouldn't use ethereum network?

3. I'm sure Liqui will get bigger after some time and i dont see the reason why would some new exchange should be huge with a lot of users. If you are planning to start instantly like Polo with their volumes than you are risking to be hacked because a lot of hackers eyeballs will be watching your exchange.
I think there is no reason to be in a hurry to become big because you should get enough time to get trust and credibility.
I need the exact calculations what profit will token holders get if for example you will be having Bittrex month profit.

What profit will i get if i will be buying EthBits tokens for the current price in sum of 10 BTC.

For example:
I will be buying 20000 EBTS. It is 0.9% of all the 100% total EBTS cap.
If Exchange will be getting profit for 50k USD every day the token holders will be getting 1000 EBTS profits every month to my wallet.

Also will the exchange profit calculations be transparent and you will be making every month a thorough spreadsheet for investors? Or we will be trusting on your WORD that you will be fair and will give any exchange balance information? How also we could be sure that you will be getting correct data without any changes? Am i understand this right that your profit payments to tokens holders will be made by EthBits devs so we should trust you that your team won't scum anyone?

In total this is your business model?
You asking for 100% of money from people without any return for exchange development. No one can be sure if you even make this glorious exchange. No one is sure if it will any good. No one is sure if it will not be hacked.
And if at the end all will get well and you will finally release your exchange after a year or more for every 1 profited dollar you will take 0.6 cents for yourself and the rest 0.4 for all the token holders? What kind of fairy world are you live in? Do you think this is reasonable business model for people buying your coin?

Of course you signed NDA on your p2p exchange! No one should even know the name of such exchange in which you were developing it. Thats the kind of conforting information i need to know that will give me confidence in legitemacy of the project!

So you are saying you are guaranteeing that for the second type of security breach you can assure all that EthBits can't be hacked ever?

So if exchange will be using cold storage it will be exposed for being hacked on the level of database structure and withdrawal daemon in which situation traders will lose money anyway?

Honestly JenFive... you remind me of the little girl that cried wolf. TBH, i have contributed to this campaign, and believe in it, along with the other people that have invested $400,000 USD. If its a scam, I appreciate your efforts in hindsight, but the sheer fact is that i've already invested.

Fact, there are two possibilities moving forward since i'm already vested.

1) Its a scam. My money is lost
2) Its not a scam, and i stand to make money with these guys.

point one, if its a scam, my money is gone. You crying wolf isn't gonna bring it back.
point two, its not a scam, but your fuckin FUD, which at this point it seems more and more like, is actually good for me!!!!!

Why? Because regardless of your FUD, i'm already invested. So you're FUD is only scaring other investors away, and in essence, my investment will give me a better return.

For this FUD I thank you.

I know you guys are full of FUD, because your ENTIRE FUD bullshit argument is built on the fact the Dev's are deleting your FUD posts.

Its logic, that if i was a campaign manager, and dumb shits like you were creating FUD, i would delete that shit too. Freedom of speech on a moderated forum is not free.

You trolls are essentially trolling. How much is poloniex paying you? You guys have FUDd'ED SOOOO MUCH, that they are finally leaving your FUD. You do realize that?

That you look like a FUCKIN IDIOT.

AND IF I COULD. I would down vote all your trust, because this project is legit.

JUST GET THE FUCK OUT.

You aren't offering anything constructive.

If you are GOING to FUD, STOP.

I'm already invested.

They aren't deleting your FUD anymore, cuz they realize ur a fukin parasite.

BUT THANK YOU.

For scaring people away.

I'm not afraid, and I will get mine.

Asking relevant questions about project is trolling?

Its not logic that instead of asking a solid questions EthBits campaign manager deleting messages and not answering anything in proper way.

How am i not offering anything constructive? Please read my messages again. It's should help understand what i writed.

Please refrain fom caps and too much emotions in your message. They wont help in any way.

[ethbits]

1. So you are guarantee that EthBits exchange wont get hacked ever in any way? That cold storage can't be hacked ever? That could't happen? Poloniex using cold storage and even they were hacked several times. What are the names of developers that already made another exchanges and what are the name of their exchanges?

Sergeev Dmitry but like what was mentioned he is under NDA and I can not say that. Also we never claimed we are hack proof but we will make security a very serious priority and limit any potential hacks. That is a given wuth any exchange really. All exchanges are open to potential hacks.

2. So your answer for my question is you are using blockchain network because you need to money for developing centralized exchange and there is no near any other reason why would you need to use particulary a blockchain? So if you had money for developing you wouldn't use ethereum network?

We are using the Ethereum Network mainly to use the profit share smart contract. Also we have found a company in Gibraltar where we can pay dividends without KYC so this is a major step in the right direction.

3. I'm sure Liqui will get bigger after some time and i dont see the reason why would some new exchange should be huge with a lot of users. If you are planning to start instantly like Polo with their volumes than you are risking to be hacked because a lot of hackers eyeballs will be watching your exchange.
I think there is no reason to be in a hurry to become big because you should get enough time to get trust and credibility.
I need the exact calculations what profit will token holders get if for example you will be having Bittrex month profit.

We will grow slowly with closed and open Beta. We are fully aware of the potential risks and will avoid them at all costs.

What profit will i get if i will be buying EthBits tokens for the current price in sum of 10 BTC.

I can not tell you that it would not be legal. But we will be having press releases in each country we enter. Also we wil be taking site fees in ETB and a new idea we have had is to burn part of the fees we take which will keep the supply constantly reducing. So we will maintain the desirability of the token constantly increasing and also have a constantly decreasing supply. We have made the token that will be 10 decimal places that is how confident we are.

For example:
I will be buying 20000 EBTS. It is 0.9% of all the 100% total EBTS cap.
If Exchange will be getting profit for 50k USD every day the token holders will be getting 1000 EBTS profits every month to my wallet.

We will be paying dividends in Ehthereum and we do not know the profit share yet until we have finished the crowdsale. It will be between 8% and 40%. Lets say we sell out and you buy 100% of the tokens which is 4 mill. If we  make 5k ETH per day then we distribute 40 % this evenly between the 5 Mill token holders every quarter. But remember we will have a decreasing supply.

Also will the exchange profit calculations be transparent and you will be making every month a thorough spreadsheet for investors? Or we will be trusting on your WORD that you will be fair and will give any exchange balance information? How also we could be sure that you will be getting correct data without any changes? Am i understand this right that your profit payments to tokens holders will be made by EthBits devs so we should trust you that your team won't scum anyone?

We will be provably fair it is in out white paper. If you have a read we can answer any questions you have no problems.

In total this is your business model?
You asking for 100% of money from people without any return for exchange development. No one can be sure if you even make this glorious exchange. No one is sure if it will any good. No one is sure if it will not be hacked.
And if at the end all will get well and you will finally release your exchange after a year or more for every 1 profited dollar you will take 0.6 cents for yourself and the rest 0.4 for all the token holders? What kind of fairy world are you live in? Do you think this is reasonable business model for people buying your coin?


Polo make 1 Mill usd per day sometimes. If they used our structure it would not just be the core team who are rich. We are giving people a good opportunity. Start Up businesses are always a risk but we have an excellent team to make this happen. I think its an excellent and fair business proposition to buy the coin. WE did have offers  from angel investors but we prefer to let the community gain which in turn will give us more awareness and volume.

[mkmdoc]

I have gone through the messages, is there anything wrong with Ethbit project, as many people are bothering about their investment.
This project will continue and also there is no updated spreadsheet in signature Campaign link?

[ethbits]

We will get this done this weekend I said this before and will make sure of it.