[ANN] VendettaCoin - Scrypt - POW - VendettaHosting - Business Profit Share

[vendettac]

Also ocminer, what were the terms that were fulfilled as you said that bittrex believed the terms were fulfilled?

I'm at work now, so I don't have enough (or so much) time to search trough the whole CLSTR Thread, but here is one point:

https://bittrex.zendesk.com/hc/en-us/articles/203082940-ClusterCoin-FAQ?input_string=clustercoin

Here are escrow terms:

Code:

Bittrex provides an escrow service between coin developers and traders who want a safe way to transact presale coins.  

Before starting the ICO, the developer must:

Provide Bittrex with wallet code for code review before adding the coin onto our website
Mine a genesis block with the premine;  Any coins not part of the ICO must be disclosed in the ANN thread
Transfer the premine to Bittrex
Disclose the terms of the ICO
The length of time for the ICO
The price / market cap for the premine
The conditions for a successful ICO; For instance, the developer will refund all investors if the ICO does not exceed 50% of the premine
The schedule for ICO payments;  This can be as much as a lump sum after 7 days of the ICO ending or a schedule of payments over a series of months
The coin team must provide working wallets for Windows, Mac, and Linux and a stable blockchain up to 3 days after the end of the ICO
Publicize the terms clearly on the ANN thread; A link that verifies Bittrex will hold the ICO will be provided and must also be posted on the ANN thread
Provide Bittrex a minimum non-refundable 5 BTC payment for hosting the escrow.  This will be used to buy back the ICO if it is cancelled.  The escrow fee can be increased depending on the complexity of the terms of the ICO.

So basically .. After the Blockchain was running for three days and all wallets were delivered, the terms were fullfilled. POD was requester AFTER that and just with lots of pressure from the community.


As stated before - I've got limited time now, but you can see everything for yourself @ the CLSTR Thread.

Compare your those terms with the terms I have already posted in this thread. There's huge difference. In CLSTR you were paying the 100% to only get the coin launched and blockchain working for 3 days. Here we're dividing the ICO in 3 different phases.

[vendettac]

Deleting posts already, I would watch out for this one guys.

Noticed that too...

Sad..

Another Flag...

IT already says in the huge words that accusations and name calling will be deleted. It is stated in the thread already. I have not deleted any questions at all. Feel free to ask a question.

[ugethit1]

My account was hacked because my password wasn't strong.  When I made the account I didn't bother to use a strong password.  It wasn't malware that hacked my account.  I never logged into my account from the computer I use for wallets.

I agree that PoD is better then nothing.  Sadly it is like putting up a fence made of paper around your yard and expecting it to keep out the wolves.  I would like to see a better fence is all.  The difference between you and me OCminer is I want people to be safe.  You want people to feel safe.  Feeling safe is great till they lose all their money.  Being safe stop them from losing all their money.  Now be honest which is better?

[ancientcoins]

lol he wants 100btc in ipo lol. your idea isn't even that good.

it is the end of ipo coins, just how pre-mine used to make scammers money ipo will end too. only the few legit ones will succeed.

[Chris001]

Ok dev

As you can see, I think you are on the right track

BUT NOT THERE YET.

The first term can't be just a working wallet and blockchain or whatever.

So make the escrow terms have TEETH early, and I think you will have something going.

It has to be a STRONG ESCROW Agreement.

Basically, if we get screwed, you get nothing.

You do that and I think you will have people joining you in your effort.

What's the big problem with POD anyway? If it is important to your community and your investors, why not work with them?

[ancientcoins]

Ok dev

As you can see, I think you are on the right track

BUT NOT THERE YET.

The first term can't be just a working wallet and blockchain or whatever.

So make the escrow terms have TEETH early, and I think you will have something going.

It has to be a STRONG ESCROW Agreement.

Basically, if we get screwed, you get nothing.

You do that I think you will have people joining you in your effort.

What's the big problem with POD anyway? If it is important to your community and your investors, why not work with them?

i think he should get 1% escrow every 3 days

[ocminer]

My account was hacked because my password wasn't strong.  When I made the account I didn't bother to use a strong password.  It wasn't malware that hacked my account.  I never logged into my account from the computer I use for wallets.

I agree that PoD is better then nothing.  Sadly it is like putting up a fence made of paper around your yard and expecting it to keep out the wolves.  I would like to see a better fence is all.  The difference between you and me OCminer is I want people to be safe.  You want people to feel safe.  Feeling safe is great till they lose all their money.  Being safe stop them from losing all their money.  Now be honest which is better?

I also want people to be safe.

The difference between you and me is that I'm actually working together with the ones who want crypto/altcoins to be safer than before. I started choosing the coins which I add to my pools and I'm not adding EVERY coin to suprnova. I try to make things more secure for the miner, I review code and I also help (legit) Devs with coding and getting their bugs/forks/twirks worked out.

You, at least currently, are just insulting people and are of no help.. You say everything is shit, POD is shit, escrow is shit and everything is bad.

If everyone would go your way, we'd live in wild anarchy until the end of the century and everyone would stab and scam other people.

First good point which came out of this thread is the Idea of Community Driven Escrow by Chris001...  You see ? That is what happens when the community works together..

Lets work together...

[vendettac]

lol he wants 100btc in ipo lol. your idea isn't even that good.

We have run a file hosting business before. And we have earned over $1000 in cash in the first month. You can expect a lot more than that. Personally I will not try to lure you into a fancy ideas. 100BTC is not really a lot at all. And we're not even overpricing in our ico. Things don't happen overnight.

Ok dev

As you can see, I think you are on the right track

BUT NOT THERE YET.

The first term can't be just a working wallet and blockchain or whatever.

So make the escrow terms have TEETH early, and I think you will have something going.

It has to be a STRONG ESCROW Agreement.

Basically, if we get screwed, you get nothing.

You do that I think you will have people joining you in your effort.

What's the big problem with POD anyway? If it is important to your community and your investors, why not work with them?

I have stated escrow terms before. I am going to delete this regular stupid comments. And if anyone takes the comment deleting as a false flag. I don't care at all.

Well, I have stated things clearly.

I am still going to wait for the word from devthedev. He is a experienced escrow and he might have better ideas to safeguard the community funds. After all that's what you all want.

I am going to take the word from the investors and write down the escrow terms A to Z the way you like. As long as my identity is protected. I will continue with the escrow. I don't have anything to add anymore once I have given the full authority to investors to write and or update the escrow terms as long as they make sense.

[ancientcoins]

do you we have another vendetta coin https://bitcointalk.org/index.php?topic=427255.0

[TimC]

While there is a solution to escrow. There is no need for POD. isn't it?

Well.. No need..  I would not say that..  Certainly POD delivers an extra 'feel'  of security..  Things Look much more honest and 'legit'  with pod instead of a simple escrow..  

Personally I would not invest in some Internet junk from 'some guy on the Internet'  where 'some Other guy from the Internet' does the escrow but both dont know each Other...

But you do know about the recent scams here?

You are selling software (the coin) and we want to know if you know how to maintain your software project. That is why a POD is being requested by more and more people BEFORE they mine or buy coins. Since any person can copy and paste and there are less people that know how to code software. Are you a programmer or a copy/paster. A programmer will get a POD done where a scammer/copy paster will not.

[ugethit1]

Sorry you don't like it when someone points out how flawed PoD is.  It offers no protection to the investor because with little to no effort it can be faked.  I ask for reform.  You say I am not helpful.  You maybe right.  Then again informing others that PoD is only a half measure may just save them some money.  So maybe I am helping others.  

I never said everything is shit Ocminer, you would do well to speak for yourself instead of trying to put words in my mouth.

[ocminer]

Sorry you don't like it when someone points out how flawed PoD is.  It offers no protection to the investor because with little to no effort it can be faked.  I ask for reform.  You say I am not helpful.  You maybe right.  Then again informing others that PoD is only a half measure may just save them some money.  So maybe I am helping others.  

I never said everything is shit Ocminer you would do well to speak for yourself instead of trying to put words in other's mouths.

Lol mate..

I think I'm THE one who speaks for himself.. or do you see any other "troll" asking legit questions in all the newbie accounts/no pod coin releases in the last weeks ?

I can quit doing that and we can just go on like before .. without pod, without "community" without doing anything against the scams and we'll see how long this massive scam-o-polis can go on...

Personally I really like the idea of the community driven escrow.

The funds are held by an escrow member - there are no static rules like "When the Blockchain is up 15% of the funds have to been paid out" - The community decides when the funds will be released. This incorporates many things like responsiveness of the dev, innovations, "feelings" about how the thread/coin develops etc.. Very safe in my mind.

[powersup]

Sorry you don't like it when someone points out how flawed PoD is.  It offers no protection to the investor because with little to no effort it can be faked.  I ask for reform.  You say I am not helpful.  You maybe right.  Then again informing others that PoD is only a half measure may just save them some money.  So maybe I am helping others.  

I never said everything is shit Ocminer you would do well to speak for yourself instead of trying to put words in other's mouths.

POD isnt perfect, and you still need to do a little research yourself.  Also keep in mind the POD is a rating system 1 - 5.  Personally I wouldnt invest in a coin where the dev only receives a 1 to 3 rating.  Cryptoasian also give a detailed overview on how much is known of the dev and his expected coding ability.

[DeCrypterManiac]

Sorry you don't like it when someone points out how flawed PoD is.  It offers no protection to the investor because with little to no effort it can be faked.  I ask for reform.  You say I am not helpful.  You maybe right.  Then again informing others that PoD is only a half measure may just save them some money.  So maybe I am helping others.  

I never said everything is shit Ocminer, you would do well to speak for yourself instead of trying to put words in my mouth.

So what offers the protection ?

[cryptoknightt]

lol he wants 100btc in ipo lol. your idea isn't even that good.

We have run a file hosting business before. And we have earned over $1000 in cash in the first month. You can expect a lot more than that. Personally I will not try to lure you into a fancy ideas. 100BTC is not really a lot at all. And we're not even overpricing in our ico. Things don't happen overnight.

Ok dev

As you can see, I think you are on the right track

BUT NOT THERE YET.

The first term can't be just a working wallet and blockchain or whatever.

So make the escrow terms have TEETH early, and I think you will have something going.

It has to be a STRONG ESCROW Agreement.

Basically, if we get screwed, you get nothing.

You do that I think you will have people joining you in your effort.

What's the big problem with POD anyway? If it is important to your community and your investors, why not work with them?

I have stated escrow terms before. I am going to delete this regular stupid comments. And if anyone takes the comment deleting as a false flag. I don't care at all.

Well, I have stated things clearly.

I am still going to wait for the word from devthedev. He is a experienced escrow and he might have better ideas to safeguard the community funds. After all that's what you all want.

I am going to take the word from the investors and write down the escrow terms A to Z the way you like. As long as my identity is protected. I will continue with the escrow. I don't have anything to add anymore once I have given the full authority to investors to write and or update the escrow terms as long as they make sense.

This is a great move by your part dev.

People are worried when you want to hide your identity, but jl777 won't even let his voice get recorded, and seems to feel the same as you do about his identity being protected.

The problem is you don't have the trust already, so letting the community decide what escrow terms would protect them is a big step in letting your community know that you have their best interest in mind as well.

Now you just have to follow though with this train of thought.

I don't know if a dev has ever offered this before.

What does the community think would protect us?

[ugethit1]

That is the point.  There is no protection.  All you can do is vet the code.  Then you watch and see what the devs are up to.  If you like what you see invest.  If not don't invest.  Trust PoD if you like.  But understand it can be faked.  Infact only a fool wouldn't lie when doing PoD.  

This is from yesterday.

People here seem to lack the ability to put themselves in the shoes of a dev.  Imagine for 1 minute that you are a dev.  A dev with the purest of intentions to make a good coin.  You know that doing PoD is a good way to gain the communities trust.  So you do PoD.  Here is the thing.  Would you A tell the truth knowing that if you fail someday someone who lost money on your failure could come looking to hurt you and your family?  Or B lie about who you are even though your intentions are pure in a effort to protect yourself and your family from some pycho who may come looking for you?

I think only a fool would tell the truth in that spot. The guy who tells the truth would find it hard to protect his family from an unknown person coming to harm them for him failure. Lets face it 95% of coins fail.   All you end up doing is what your seeing.  No coins being released because even the honest devs are scared/unwilling to give their personal info to this community.

If for no other reason then protecting your family lying on your PoD is a good idea.

[ocminer]

That is the point.  There is no protection.  All you can do is vet the code.  Then you watch and see what the devs are up to.  If you like what you see invest.  If not don't invest.  Trust PoD if you like.  But understand it can be faked.  Infact only a fool wouldn't lie when doing PoD.  

This is from yesterday.

People here seem to lack the ability to put themselves in the shoes of a dev.  Imagine for 1 minute that you are a dev.  A dev with the purest of intentions to make a good coin.  You know that doing PoD is a good way to gain the communities trust.  So you do PoD.  Here is the thing.  Would you A tell the truth knowing that if you fail someday someone who lost money on your failure could come looking to hurt you and your family?  Or B lie about who you are even though your intentions are pure in a effort to protect yourself and your family from some pycho who may come looking for you?

I think only a fool would tell the truth in that spot. The guy who tells the truth would find it hard to protect his family from an unknown person coming to harm them for him failure. Lets face it 95% of coins fail.   All you end up doing is what your seeing.  No coins being released because even the honest devs are scared/unwilling to give their personal info to this community.

If for no other reason then protecting your family lying on your PoD is a good idea.

Ah... So every one of this coin has a fake ID:

http://cryptoasian.com/coin-list/


You do not understand that POD means NOT that you're wildly reveal your identity open for anybody, it just means you get in touch with CryptoAsian (or another "Escrow" holder) and proof it to them. He will hold it secretly and won't share it, this was already tried with CLSTR and he did not reveal anything.

Look here:

http://cryptoasian.com/proof-of-developer-faq/


It's simply stupid to say "We need to move on like this - just be "smart" and "smell" the scam from the start.. some are scams, some are not..." I don't understand what you are trying to protect or to hide, we simply need to get things managed correctly and get moved forward instead of stepping on the same place all the time..

Lets make a short example.. Maybe you understand it better then..

I knew of a Coke vending machine who would accept foreign coins for a quarter. The foreign coins are only worth a penny or so. This worked for about 2 weeks - until the manufacturer/operator noticed about the "scam". They then changed the way the machine accepts coins and added more security - if its hardware or software - i don't know but the machine does not accept this foreign coin anymore, you cannot scam it anymore with it. Simple - isn't it ?

[ocminer]

The problem is you don't have the trust already, so letting the community decide what escrow terms would protect them is a big step in letting your community know that you have their best interest in mind as well.

Now you just have to follow though with this train of thought.

I don't know if a dev has ever offered this before.

What does the community think would protect us?

+1

And here we see the progress...

[Chris001]

Roadmap




Ok, so here we see the roadmap

Can you wait until OCT 30

Less than 60 days to collect your money?

With the condition that all off the features are fully functional, and you then receive your money?


I think if you give these kinds of assurances, you will have a very strong community behind you, and be very successful in raising money in your ICO.

After people have lost so much money, people are dying for the real thing, Look at Neoscoin, it sold out in 11 hours because the community was comfortable because the dev twotrutles had some very strong and respected members of the community vouching for him,

AND more importantly, he did screencasts, showing the community what he was making, and put them on youtube for all to see.

No one had any doubts, and poof sold out in 11 hours and is now 3x the ICO price and only going up!!

Why? Because people are looking for good projects, they are hard to find

So can you wait until the 30th of Oct to receive your BTC?

I think if you can agree to complete your roadmap up to that point, this will gain you trust



What does the community think of this? If the devs can agree to this, they can have my investment, but what does the rest of the community think?

And what does the dev think? If you can do this I think you may rise up above of all the shit thats out there as a legit coin.

[ugethit1]

I knew of a Coke vending machine who would accept foreign coins for a quarter. The foreign coins are only worth a penny or so. This worked for about 2 weeks - until the manufacturer/operator noticed about the "scam". They then changed the way the machine accepts coins and added more security - if its hardware or software - i don't know but the machine does not accept this foreign coin anymore, you cannot scam it anymore with it. Simple - isn't it ?

So what your saying is your a scammer of coke machines?  This is me putting words in your mouth like you are trying to put them in mine.  

I want reform of a flawed system as much as anyone.  But PoD isn't the answer.  There is nothing to stop someone from lying during this PoD.  Therefor it can't be trusted. Would you agree or disagree that if that is case then PoD is worthless?