Topic: [irregularities] Mass Network - page 40. (Read 91862 times)

This is not about who is "good for you" or not, an escrow shouldn't be good enough for you, it just should be trustworthy in the community of investors. If people on this forum trust some other people on this forum as being able to provide a safe escrow in case, for whatever reason, the asker tries to run with their money, then I think you should give this option more thoughts, or do all you can to win the trust of the forum users. Anyway, as we've discussed before, the choice is yours, you might just get fewer investors on Bitcointalk, and maybe you don't need their investments, in this case that's settled.


If you are not holding an ICO, you surely don't need an escrow, aren't you holding an ICO?

Power is the biggest & worse of all addictions . Escrow gives me the satisfaction that you wont/cant get addicted

bittrex, hitbtc, at least
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That's very good
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This project has unique innovation and well planned project,so I believe there's a big chance that it can get listed by any exchange big and small,but's better to get it listed on Yobit,Poloniex and Novaexchange..

On which exchange to prepare
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bittrex, hitbtc, at least
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That's very good

You know I am with you on most topics, including escrow-related one, but please do not touch the forum UI
This forum's vBulletin-style GUI is the best I have even seen in forums, as its clearly readable, is well balanced, and has no unnecessary shit distracting my attension. All others are either the same, or worse, or awful.

Out of curiosity, give me a link to good forum UI. I am intrigued...

P.S. let sleeping dogs lie...  

We don't "hire" an escrow because we can not understand what it means. Who exactly is good enough for us just to give a spare key of the apartment and 2FA to the e-mail account? Who's that? Someone that can be "hired"? This is nonsense. Barack Obama? Would he be interested.

"Escrow" is just part of the scam genre. You don't need an escrow if you just sell an app coin. You can't have an escrow if you got something that's valuable. 

You have a clear and logical explanation,why you should not hire an escrow,but time can only tell if this is the right decision,I hope it is.Massnetwork could be one of the crypto currecy Ico that do not hire an escrow and had a success with it,I guess with this many will follow your leads.

First of all, please scroll back this thread a bit and you will see the answer. In short the answer is "please offer someone for the escrow, we will consider if that person has any more esteem as our dev do who are mostly quite well-known".

But let me add something.

"Escrow" has become a part of the genre here in alt coin section. It's a cliche similar to why the forum for cryptocurrency has to have ugly and outdated UI. For the same reasons that nerds and geeks in movies don't comb their hair, don't take shower, and wear cheap clothes that doesn't fit. For no reason. Because it is just not true. And crypto community needs a normal UI forum not this piece of shit. That's one thing.
 
Secondly, If I understand it correctly, the term "escrow" means an arbiter that guarantees:

(1) either that the money that are meant for some specific purpose should be kept unspent until the time comes;
(2) or the money has to be forwarded to a designated party under the fulfillment of specific conditions.

__

Mass Network sell an app coin, that fuels the specific [already existing] application. There's no requirement or need to have any USD or BTC to create the coin at the announced moment. So, there's no purpose to "hold" the funds as in item (1). It's like when you are offered to buy bitcoins, you just buy some bitcoins. Or course, Mass coin is far from being a bitcoin. But it is of the same nature. Technically, there's no problem to emit it because it is just a Colu.com asset. Even if CEO runs away with the corporate cash, there's just no problem to create a distribute the coin. It will be created and it will be distributed, at least because some dev own it (well, WILL own after the distribution) and because there are already quite a few people who have invested. So why waste it? Why would anyone on this planet waste a chance for a pump-and-dump, at least?

Now, to the item (2). Mass Network does not sell equity (as shares of a DAO, for example). Therefore, it does not offer any part of control over ways of product development. So, there's no specific designated party that needs to be protected.

Considering this, what might an escrow exactly do for Mass Network? What functions of it do you mean could you elaborate, please?

Third party escrow?

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On which exchange to prepare
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bittrex, hitbtc, at least

On which exchange to prepare

as far as I can see you never answered his questions. but who cares i am out

Sure not. It was vividly answered right in the first reply.

different

Thanks for the feedback . Your efforts r impressive ,but.

Can you make the ICO address public or Not ?

I did not completely understand the course of your thoughts and your logic, but I sense something is not clear so I feel obligated to once again deliver my position.

1)
There's only one goal everyone who pays any attention to this thread has— Mass coin should grow in value over time.

2)
Mass coin is not a share or any other type of equity connected to any team or legal entity. Whatever happens inside those teams is nobody's business but theirs. Those teams or companies did not go public, did not sell shares.

3)
Mass coin value depends mostly on whether the idea behind it will be accepted by the advertising industry (particularly, RTB framework) players. It also depends on the general parameters of advertisement industry but no problems seem to be there: the Internet IS advertising. Coins and tokens behind social networks, incentive payments projects, taxis operators or whatsoever may worry. Mass shouldn't. There's no another advertising industry ICO out there, by the way. The factors above are prevailing as we closing to the point where software module for webmasters is close to launching. Mass has passed the point of no return and even the point of probable failure. From recently, Mass coin value—at this particular stage—much less depends on the particular performance of its team but depends more on general ad industry's response. It is kind of "we've done what we could" situation. Either the idea is picked up by ad industry players and other developers willing to contribute or not. 

4)
Mass coin will only be issued once. The act of its emission is virtually free of charge so it will take place in any case, no matter what amount of money is collected during the ICO. So there shouldn't be any worries about whether it will exist or be traded on exchanges. Sure it will. Simply because there's no reason for it not to.

5)
Mass coin will not be very liquid but I dare to argue that there's no practical need for that for you as a coin holder. First of all, there's no liquidity there except for bitcoins. For example, Waves were dropped in few days 1/3 of value by the as little attempt of sale as approx 10 thousand USD. 10k, Karl! Well, you may say that—unlike Waves that answers no particular need even if it will exist as a real blockchain—Mass may become liquid have the substantial business idea in the background. You would only be partially correct. Due to the tiny size of the entire crypto segment, all projects are "all or nothing". The risk/return aspect is extremely high. Neither Mass coin nor any other coin will be comfortable to trade in any foreseeable future. But chances are, one year from now, you would regret you didn't manage to get a bigger share of this single, one-time-ever emission. 

what about making the ICO address public ?

and if everyone finds an extremely childish excuse when it comes to proper presentation of the product then it will become impossible for the investors to do a risk-reward analysis. Google hangouts , conferences, coin interviews are done for a reason. Thats ok, not going to ask again.

Already asked about the video a while ago; dev are not great about multitasking.

the money/wallet is being used to pay devs, quite a few of them; some are deep in crypto (and some - not exactly innocent type of it that is just about currencies and smart contracts), some — are deeply into big data and data harvesting. So, there's a doubt that an ephemeral ICO image improve is worth even a tiny probability for devs to feel uncomfortable having the relations structure exposed. Again, ICO participants are getting the PRODUCT - the coin. They are not invited in any way into the back stage, the team relation, the inner kitchen. Mass is NOT a DAO.

talking to both low grade such as hitbtc and biter and upper ones too. There will be two places to trade at least, you can be assured.

yes, with the dev team. But we have outsources the signature campaign and other non-profile tasks. There's a separate thread about it.

I assume you are with the dev team. If you say everything is OK I suppose it is.
Is the ICO progressing well otherwise?