Even if the project was much bigger than it is, and the fail factor greatly reduced, it is about derivatives. Of all things wrong with fiat, wrong with the world, wrong with trading in general... derivatives are the worst. It makes cancer seem like a tummy ache from eating a bit too much candy. Please keep derivatives away from cryptocurrency, don't poison the wells that much.
Actually it's about the people using derivatives, don't blame the hammer. Derivatives can reduce volatility or at least protect against it and create opportunities for more people and businesses to use the crypto currencies.
I'm just wondering, what is stopping this guy from taking the Eth and running off? Do people not remember that not everything is legit?
Thanks for your concern. This question has been asked a couple of times before and is already answered in this thread. Besides that I'd like to refer to the background research that was done to our team here :
https://www.reddit.com/r/dcorp/comments/6dcsnj/due_diligence_questions_disclaimerwhitepaper/Pretty excited to join this ICO as it was my first one. I have a couple questions.
I was able to see the DRP as a custom token in my Mist wallet. I'd like to transfer to a hardware wallet like a Nano S. Is that currently possible?
Regarding transfers, once the token is transferred (either sold or just transferred into cold storage), how is ownership tracked, particularly as a shareholder? Thank you for your time.
Ownership of the tokens is linked to your Ether address and thus to your private key, as long as you are the only one who has access to your private key you can transfer the tokens (starting from October this this).
Do not forget that you have more than 1000 people !
1385 as of today!
I responded to a comment on Reddit.
To echo my comments on Reddit - While any ICO comes with risks, I am impressed with the way DCORP has set up their incentive structure with the goal of preserving token value, as well as the structure that allows token holders to have votes in business decisions.
As per the whitepaper, the team members have a lock-up period on the tokens they receive, which are distributed (created) in 3 phases starting 1 year after deployment through the 4th year.
I emailed the founder with a couple of questions and received a response in a timely manner. As per the founder's comments regarding the team incentive structure:
"This is all done to ensure token holders that we will do everything within our power to increase the value of DRP and prevent dumping. Please also note that not a single DRP token was given away for free, we’ve chosen to pay for all bounties and marketing by investing our own ETH and BTC."
Wow, thanks for sharing!
Hi I used jaxx wallet to send Eth. Is that still ok? Little bit concerned because someone in this thread wrote it must be sent by myst or my ether wallet but on the website it says it recommends these wallets?
I can just enter my private key into a wallet that supports erc20 tokens and it shoukd be fine?
Yeah, you should be fine! Have a look at the article about Jaxx
https://www.dcorp.it/crowdsale#walletsEven if the project was much bigger than it is, and the fail factor greatly reduced, it is about derivatives. Of all things wrong with fiat, wrong with the world, wrong with trading in general... derivatives are the worst. It makes cancer seem like a tummy ache from eating a bit too much candy. Please keep derivatives away from cryptocurrency, don't poison the wells that much.
One of the uses of derivatives is as a tool to divert risk.
wiki : Derivatives are used by portfolio investment / management managers, corporations and financial institutions and individual investors to manage their positions against risks from stock and commodity price movements, interest rates, foreign exchange rates without affecting the physical position of the underlying product.fyi Dcorp is not the first and the only platform that adopted derivatives. So please explain your words specifically about why derivatives should not apply in cryptocurrencies.
Derivatives themselves are not bad, technically you are insuring and counter insuring and bundling up RISK. What made us fail in 2008 is a bunch of thieves and liars in Wall St banks that bundled up high risk mortgages and other loans, passed them off as CLASS A risk, but they were like D Class and then took out insurances to hedge against their own derivative packages, then kept passing them off, like pass the parcel, to anyone the could sell them too, until the last peeps, like the Greek Govt, who were left holding the bag lost, as the value of the derivatives crashed and everyone started defaulting on their loans. That's why everything went pear shaped. To top it up, after all the thieving Bankstas stole all the money and buggered off and nearly crashed the Financial System, governments bowed down to them and told the rest of us, 'WE GONNA PRINT MORE MONEY, DEVALUE OUR CURRENCIES, ASK YOU TO PAY TAXES TO BAIL OUT THE BANKS AND GIVE TECHNICALLY ALL THE PHAT CAT BANKSTAS A BIGGER BONUS FOR STUFFING UP! YAYAYAYAYA '.
On the other hand doing Derivatives on the blockchain will make it all VERY TRANSPARENT and in comes DCORP!
We all get a chance to own a part of the derivatives pie in a much safer environment. Also congratulations to the DCORP TEAM for rasing over 1.5 mil so far.
You got it right! Thanks for posting!
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