I initially liked the project, but can't get over the fact that the 1.75 million funds can run out pretty quickly if there are suddenly lots of exchange hacks. Are you only ensuring against the large exchanges or also the small ones?
But thats why they sell bonds to transfer the risk, so that Inchain in the best case wont lose anything. 
Topic: [ANN] [ICO CLOSED] Inchain - insurance for the crypto economy - page 31. (Read 109157 times)
November 12, 2016, 03:37:31 AM
November 12, 2016, 02:02:45 AM
I initially liked the project, but can't get over the fact that the 1.75 million funds can run out pretty quickly if there are suddenly lots of exchange hacks. Are you only ensuring against the large exchanges or also the small ones?
There are several criterias that will be applied to exchanges and web-wallets. So not every service will be insuared by Inchain.Yes, we intend to rate every exchange and depends on their risk rating they can or can not be insured by Inchain.
This info will be public. Some evident criteria for rating:
This info will be public. Some evident criteria for rating:
- How long the service is operational
- If it was compromised previously
- Security audit results
- Multi-Sig & Hot Wallets/ 2Factor
November 11, 2016, 03:28:40 PM
I initially liked the project, but can't get over the fact that the 1.75 million funds can run out pretty quickly if there are suddenly lots of exchange hacks. Are you only ensuring against the large exchanges or also the small ones?
November 11, 2016, 10:39:52 AM
Those people whinning about TVE, I really don't see any thing special about the site, there are alot of social media app site like this. I have not seen any ICO project on TVE that has raised $1.7 million, if there is any you can mention it and prove me wrong. ICONOMI, ANTSHARES, Komodo etc do not use the site. Stratis team are the one that developed TVE and use it for their ICO and the project couldn't even raise 1000BTC, another one presently on it is INCENT project and it takes them more than 1 month to raise $1 million. The problem is not about using TVE or not, I think either don't get the concept of INCHAIN or people are scared to invest because of what Spaceone pointed out
It is not about TVE or things, it is the too high threshold, if the threshold is 175k usd, so the project will start. Their business concept is not OK, if an exchange spends money on the insurance and claim a 2 million hack, this project aint able to compensate, it is useless project.
1. Its not the exchange that buys insurance. Its the people that uses it that can insure the their accounts on it.
2. Insurance bonds will be sold to cover the risk of potential hacks.
3. They will not insure amounts that cant be covered, like in your example where they have insured 2 million on one exchange with only 175k to cover it.
If they sell to users, serious? Scammers will report fake cases and make the project bankrupt, and if they really compensate users, 1.75m is too less. You know insurance companies have billions of spare funds, not any small companies can form insurance company, only big groups can found insurance companies, or financial companies.
Exchange hacks like the recent Bitfinex isnt really something you can fake.
Which is why they sell insurance bonds to allow them to insure more users.
You dont need billions to run insurance, in standart insurance companies they usually hold around 20% of the amount insured.
So if Inchain holds 1M they could insure up to 5M (depending on the risk assessment)
Its all been discussed many times in the thread before.
It looks like an utopian product/ico. The fund tells everything.
In many ways an insurance is like running a casino, you just have to make sure that the odds are stacked in your favour.
Its just a long term investment, which most people in crypto dont like. Many people just want to flip ICO's which limits interest of long term holders as well.
November 11, 2016, 09:52:02 AM
Those people whinning about TVE, I really don't see any thing special about the site, there are alot of social media app site like this. I have not seen any ICO project on TVE that has raised $1.7 million, if there is any you can mention it and prove me wrong. ICONOMI, ANTSHARES, Komodo etc do not use the site. Stratis team are the one that developed TVE and use it for their ICO and the project couldn't even raise 1000BTC, another one presently on it is INCENT project and it takes them more than 1 month to raise $1 million. The problem is not about using TVE or not, I think either don't get the concept of INCHAIN or people are scared to invest because of what Spaceone pointed out
It is not about TVE or things, it is the too high threshold, if the threshold is 175k usd, so the project will start. Their business concept is not OK, if an exchange spends money on the insurance and claim a 2 million hack, this project aint able to compensate, it is useless project.
1. Its not the exchange that buys insurance. Its the people that uses it that can insure the their accounts on it.
2. Insurance bonds will be sold to cover the risk of potential hacks.
3. They will not insure amounts that cant be covered, like in your example where they have insured 2 million on one exchange with only 175k to cover it.
If they sell to users, serious? Scammers will report fake cases and make the project bankrupt, and if they really compensate users, 1.75m is too less. You know insurance companies have billions of spare funds, not any small companies can form insurance company, only big groups can found insurance companies, or financial companies.
Exchange hacks like the recent Bitfinex isnt really something you can fake.
Which is why they sell insurance bonds to allow them to insure more users.
You dont need billions to run insurance, in standart insurance companies they usually hold around 20% of the amount insured.
So if Inchain holds 1M they could insure up to 5M (depending on the risk assessment)
Its all been discussed many times in the thread before.
It looks like an utopian product/ico. The fund tells everything.
November 11, 2016, 09:43:46 AM
Those people whinning about TVE, I really don't see any thing special about the site, there are alot of social media app site like this. I have not seen any ICO project on TVE that has raised $1.7 million, if there is any you can mention it and prove me wrong. ICONOMI, ANTSHARES, Komodo etc do not use the site. Stratis team are the one that developed TVE and use it for their ICO and the project couldn't even raise 1000BTC, another one presently on it is INCENT project and it takes them more than 1 month to raise $1 million. The problem is not about using TVE or not, I think either don't get the concept of INCHAIN or people are scared to invest because of what Spaceone pointed out
It is not about TVE or things, it is the too high threshold, if the threshold is 175k usd, so the project will start. Their business concept is not OK, if an exchange spends money on the insurance and claim a 2 million hack, this project aint able to compensate, it is useless project.
1. Its not the exchange that buys insurance. Its the people that uses it that can insure the their accounts on it.
2. Insurance bonds will be sold to cover the risk of potential hacks.
3. They will not insure amounts that cant be covered, like in your example where they have insured 2 million on one exchange with only 175k to cover it.
If they sell to users, serious? Scammers will report fake cases and make the project bankrupt, and if they really compensate users, 1.75m is too less. You know insurance companies have billions of spare funds, not any small companies can form insurance company, only big groups can found insurance companies, or financial companies.
Exchange hacks like the recent Bitfinex isnt really something you can fake.
Which is why they sell insurance bonds to allow them to insure more users.
You dont need billions to run insurance, in standart insurance companies they usually hold around 20% of the amount insured.
So if Inchain holds 1M they could insure up to 5M (depending on the risk assessment)
Its all been discussed many times in the thread before.
November 11, 2016, 09:10:09 AM
Those people whinning about TVE, I really don't see any thing special about the site, there are alot of social media app site like this. I have not seen any ICO project on TVE that has raised $1.7 million, if there is any you can mention it and prove me wrong. ICONOMI, ANTSHARES, Komodo etc do not use the site. Stratis team are the one that developed TVE and use it for their ICO and the project couldn't even raise 1000BTC, another one presently on it is INCENT project and it takes them more than 1 month to raise $1 million. The problem is not about using TVE or not, I think either don't get the concept of INCHAIN or people are scared to invest because of what Spaceone pointed out
It is not about TVE or things, it is the too high threshold, if the threshold is 175k usd, so the project will start. Their business concept is not OK, if an exchange spends money on the insurance and claim a 2 million hack, this project aint able to compensate, it is useless project.
1. Its not the exchange that buys insurance. Its the people that uses it that can insure the their accounts on it.
2. Insurance bonds will be sold to cover the risk of potential hacks.
3. They will not insure amounts that cant be covered, like in your example where they have insured 2 million on one exchange with only 175k to cover it.
If they sell to users, serious? Scammers will report fake cases and make the project bankrupt, and if they really compensate users, 1.75m is too less. You know insurance companies have billions of spare funds, not any small companies can form insurance company, only big groups can found insurance companies, or financial companies.
November 11, 2016, 09:05:11 AM
Those people whinning about TVE, I really don't see any thing special about the site, there are alot of social media app site like this. I have not seen any ICO project on TVE that has raised $1.7 million, if there is any you can mention it and prove me wrong. ICONOMI, ANTSHARES, Komodo etc do not use the site. Stratis team are the one that developed TVE and use it for their ICO and the project couldn't even raise 1000BTC, another one presently on it is INCENT project and it takes them more than 1 month to raise $1 million. The problem is not about using TVE or not, I think either don't get the concept of INCHAIN or people are scared to invest because of what Spaceone pointed out
It is not about TVE or things, it is the too high threshold, if the threshold is 175k usd, so the project will start. Their business concept is not OK, if an exchange spends money on the insurance and claim a 2 million hack, this project aint able to compensate, it is useless project.
1. Its not the exchange that buys insurance. Its the people that uses it that can insure the their accounts on it.
2. Insurance bonds will be sold to cover the risk of potential hacks.
3. They will not insure amounts that cant be covered, like in your example where they have insured 2 million on one exchange with only 175k to cover it.
November 11, 2016, 08:20:55 AM
Those people whinning about TVE, I really don't see any thing special about the site, there are alot of social media app site like this. I have not seen any ICO project on TVE that has raised $1.7 million, if there is any you can mention it and prove me wrong. ICONOMI, ANTSHARES, Komodo etc do not use the site. Stratis team are the one that developed TVE and use it for their ICO and the project couldn't even raise 1000BTC, another one presently on it is INCENT project and it takes them more than 1 month to raise $1 million. The problem is not about using TVE or not, I think either don't get the concept of INCHAIN or people are scared to invest because of what Spaceone pointed out
It is not about TVE or things, it is the too high threshold, if the threshold is 175k usd, so the project will start. Their business concept is not OK, if an exchange spends money on the insurance and claim a 2 million hack, this project aint able to compensate, it is useless project.
November 11, 2016, 06:23:08 AM
Those people whinning about TVE, I really don't see any thing special about the site, there are alot of social media app site like this. I have not seen any ICO project on TVE that has raised $1.7 million, if there is any you can mention it and prove me wrong. ICONOMI, ANTSHARES, Komodo etc do not use the site. Stratis team are the one that developed TVE and use it for their ICO and the project couldn't even raise 1000BTC, another one presently on it is INCENT project and it takes them more than 1 month to raise $1 million. The problem is not about using TVE or not, I think either don't get the concept of INCHAIN or people are scared to invest because of what Spaceone pointed out
November 10, 2016, 11:07:43 AM
Come on guys,we need to promote Inchain as much as possible.We have around 13 days left.
I am sure this project will be a success.
I am sure this project will be a success.
November 10, 2016, 08:14:56 AM
You need 1.55 m more, where do you raise so much money without better promotions on forum and social media, and with current facebook and twitter abusers, this will never get such big fund. I have to say OP is incompetent.
Reasons:
1. he didn't hear people's words, to use TVE for effective social media campaigns instead with current low level spammer campaign, spammer campaign is dead and almost does void on promotion. I saw he said ok he would use TVE, but the fact is not. Now TVE doesn't need you.
2. too high and unrealistic limit, 1.75 million?
3. signature campaign is bad, too greedy you ask people to post 50 while others are 20-30, ark even doesn't require a post, that is why this campaign only attracts few people.
Reasons:
1. he didn't hear people's words, to use TVE for effective social media campaigns instead with current low level spammer campaign, spammer campaign is dead and almost does void on promotion. I saw he said ok he would use TVE, but the fact is not. Now TVE doesn't need you.
2. too high and unrealistic limit, 1.75 million?
3. signature campaign is bad, too greedy you ask people to post 50 while others are 20-30, ark even doesn't require a post, that is why this campaign only attracts few people.
What is TVE?
Bad memory? Even I remember those things clearer than you, shame? I even know the weakness of your project, but you team seems self-satisfied. Don't waste time now, TVE promotion won't help you now,
https://bitcointalksearch.org/topic/m.16473453
https://bitcointalksearch.org/topic/m.16502040
Such a bad memory want to handle 1.75 m usd fund? I feel this project too fishy. Only ghost will trust you. Will be happy to see this project doom. Bad memory, lack of strategy and promotion, you rept by yourself. ROFLMAO
Keep defending for him, you asked me to show that, i showed, but you still defending for the impotent guy, haha, keep it, and dream about 1.75 m usd. bye.
https://bitcointalksearch.org/topic/m.16473453 He said "he will try"
, again, you contradict yourself, "There was no one word that Inchain officialy will " obviously he promied and ate the words. I made my advice here, but some are offensive, op is arrogant to listen people's advice, not only mine, but also others' advices. So if you guys do not welcome idea-inventors, listen others and keep arrogant, you see the project failed, easy. Like you, very offensive.
I do not mean to be arrogant but its really annoying to read posts like yours. You keep saying how bad they are and bla bla bla. If you want to help then write down your ideas. Then leaders will decide what they will use and not use. Its their project and their right to do so. If they will fail then ICO wont succeed but if they will not fail then we all will profit. So you can help but you cannot dictate what they need to do. You can do so when you will have your own project. I am investor here so i hope they succeed as much as others but meanwhile I wont call them incompetent like you do because that is no good for the project. So please, calm down, give good proposals and stop whinning if they do not use all of them.
November 10, 2016, 05:38:56 AM
Full of insurance projects , but the real one is about to drop , even waves is trying to catch some with cat s project . But who knows maybe this can succed too , i mean , why not .
November 10, 2016, 05:28:05 AM
You need 1.55 m more, where do you raise so much money without better promotions on forum and social media, and with current facebook and twitter abusers, this will never get such big fund. I have to say OP is incompetent.
Reasons:
1. he didn't hear people's words, to use TVE for effective social media campaigns instead with current low level spammer campaign, spammer campaign is dead and almost does void on promotion. I saw he said ok he would use TVE, but the fact is not. Now TVE doesn't need you.
2. too high and unrealistic limit, 1.75 million?
3. signature campaign is bad, too greedy you ask people to post 50 while others are 20-30, ark even doesn't require a post, that is why this campaign only attracts few people.
Reasons:
1. he didn't hear people's words, to use TVE for effective social media campaigns instead with current low level spammer campaign, spammer campaign is dead and almost does void on promotion. I saw he said ok he would use TVE, but the fact is not. Now TVE doesn't need you.
2. too high and unrealistic limit, 1.75 million?
3. signature campaign is bad, too greedy you ask people to post 50 while others are 20-30, ark even doesn't require a post, that is why this campaign only attracts few people.
What is TVE?
Bad memory? Even I remember those things clearer than you, shame? I even know the weakness of your project, but you team seems self-satisfied. Don't waste time now, TVE promotion won't help you now,
https://bitcointalksearch.org/topic/m.16473453
https://bitcointalksearch.org/topic/m.16502040
Such a bad memory want to handle 1.75 m usd fund? I feel this project too fishy. Only ghost will trust you. Will be happy to see this project doom. Bad memory, lack of strategy and promotion, you rept by yourself. ROFLMAO
Keep defending for him, you asked me to show that, i showed, but you still defending for the impotent guy, haha, keep it, and dream about 1.75 m usd. bye.
https://bitcointalksearch.org/topic/m.16473453 He said "he will try"
, again, you contradict yourself, "There was no one word that Inchain officialy will " obviously he promied and ate the words. I made my advice here, but some are offensive, op is arrogant to listen people's advice, not only mine, but also others' advices. So if you guys do not welcome idea-inventors, listen others and keep arrogant, you see the project failed, easy. Like you, very offensive.
November 10, 2016, 04:34:28 AM
Thunderclap effect - raised 5.5 btc (not much, but only 3.5 hours passed after publication). One more time want to thank all who participated in Thunderclap campaign.
Agree, thank all who help Inchain with Thunderclap!
November 10, 2016, 03:30:45 AM
Thunderclap effect - raised 5.5 btc (not much, but only 3.5 hours passed after publication). One more time want to thank all who participated in Thunderclap campaign.
I'm glad I helped with the Thunderclap, there is need for more marketing strategy like this
November 10, 2016, 03:17:31 AM
For now raised $204000.
November 10, 2016, 01:25:09 AM
So if they don't reach the 1.75 mil the ICO money will be returned and the ICO proclaimed a fail?
Yes. November 09, 2016, 06:15:25 PM
So if they don't reach the 1.75 mil the ICO money will be returned and the ICO proclaimed a fail?
November 09, 2016, 03:46:21 PM
Thunderclap effect - raised 5.5 btc (not much, but only 3.5 hours passed after publication). One more time want to thank all who participated in Thunderclap campaign.
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