if this was said from the word go i may have also have suggested similar but the fact the sale is nearly 2 weeks in and has raised over 100btc. what you and i feel at this stage isnt really our personal business so close to competition. we either invest or we wait until after the sale and buy from the exchange if that is what we want. the terms were clear from the start and they are what i invested on.
Well, yes, terms are there from the start. But they are not that clearly described. I saw many people confused by the description in OP here. And I bet half of current investors didn't realize the funds will be released prior to them even getting coins on their wallets.
In fact, this ICO is an opposite of VIDZ one. With VIDZ, the funds were released
after distribution and several goals being met. Here funds are being released first! Extremely unsafe, if you ask me. Yes, some work should be done by the Dev to get those funds, but investors do not get any chance to trade during that work being done (which was the winning point with Vidz).
In any case, I believe the majority did not invest yet, waiting for the last minute. Those 100 BTC is nothing. If the terms are improved, there will be much more than those 100BTC invested, both in first and second round. Dev should be interested in raising more, no?
Hi Drays,
I've spoken with Notorious and we'll meet the community at a half-way point with this.
While I agree that trustless is always better the issue by far with this project so far many people have dismissed us or at least have verbally expressed as such. I think this is a clear opportunity for us to prove ourselves and our long-time commitment to the project as we will give people the option of using an escrow for the last week.
The way this will work is simple, you can request an escrow deposit address from Dabs and send any BTC directly to him to keep at a 2% rate. Dabs will keep track of the email (the user's account on Novusphere), their escrow BTC address and the total amount deposited (after fees) on a spread sheet. The user will still be able to withdraw their atmos at end no different then those who directly deposited asides from the small escrow fee. The minimum requirement for this set up is 0.1 BTC as Dabs has to manually handle all these transactions. Dabs will hold all BTC for up to 14 days which gives us more than enough time to distribute coins, (likely) start trading on exchanges and start development on the Intermission/IV phases and then they will be released to us given there aren't any problems. I'll have Dabs confirm and verify these terms in case he wants anything adjusted. Once he confirms his terms I will directly make the amendment to the OP so everyone has a clear understanding.
This lets us directly demonstrate Novus's commitment to this project as well as easily lets us tackle these trust issues head on. While I understand your and other peoples skepticism, it's almost ridiculous to think we're incapable of delivering the temporary blockchain which is why I one-upped you and am proposing 14 days. I want you and everyone else to see the immediate start of the Intermission/IV phase following the end of crowdfunding.
Thanks.
: how dare you! 
