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July 30, 2014, 05:27:42 PM |
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Hi guys, first of all, apologies in advance for my imperfect english. Then, I want to share with you an idea. I'd like to know what you think about it. As all of us have seen, the crypto scene is becoming a full time scamming job for a lot of devs. This is the price that we pay to be anonymous, so maybe it's part of the game. Nevertheless, it introduce in the market a high level of fear. All these scams don't destroy only the investors: is the whole crypto world to be compromised. Mistrust is uneconomic for the whole business.
So, let's see. What happens when a dev leaves? Ok, the coin immediately crashes in the markets.. Understable. But the worst is that the dev doesn't give any password and so the coin goes to die definitively. I think that if it could be EASIER to make a quickly takeover, IF and WHEN a dev dumps and goes away, then his exit could be only a TEMPORARY CRISIS and not the definitively coin's death. So I m wondering if it could be exists a " TAKEOVER ASSURANCE" service.
How?
- BEFORE the launch of a coin ( and before to raise money: IPO/ICO exc ), a dev could give all the passwords ( thread, social media, etc) to a thirdy part - let's say a PassWord escrow. This agreement will be named: Takeover assurance. It doesn't guarantee you will not be scammed. It guarantee that in the case that this happens, the coin doesn't die and there will be another chance ( if there is a community behind).
- The PW Escrow will provide to keep this documentation in a safe place
- If the dev of a coin disappears ( not only because he s a scammer, but also for personal reasons: life is full of unexpected events), then the community could to contact the PW escrow to have all the passwords saved ( 48 hours? 72 hours? One week? Each community could decide which is a reasonable time with no updates by the dev or we also could fix a standard one).
This agreement could be named " Takeover assurance".
I think that if every dev decides to agree with a " takeover assurance", then the community will know that in the worst of the case it will lose only the dev and not all the job done. It's a little step, a small safety.
- If a dev decide for a " takeover assurance", he will put this information in the OP. He will give to the PW escrow every password he s holding ( thread, reddit, twitter and so on) and all that could be necessary in the case of a future takeover
- Every member that handle a social network coin account will do the same
- At the same time, the PW escrow will provide to keep a public list of the coins that choose this service
- Naturally the PW escrow will be highly professional. Every coin dossier will be considered extremely reserved - The PW escrow is not responsible for every lack of communications by the dev/community ( in case of change of password, for example)
So, two questions:
1) What do you think about it? Should this service be usefull?
2) About the takeover: what else a dev needs to do it? I m not tech astute, so every suggestion is appreciated.
I m ready to do this kind of job and so I think of other reputable members of this community, no more no less than a normal escrow, with the difference that a PW escrow doesn t manage money but passwords. But, again: do you think this could be useful for the crypto scene limiting the scam's damages?
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