Topic: [old thread] - RISE | DPOS | APPS & DAPPS - page 444. (Read 653328 times)

Not to mention that legal actions are taking months, where the money wont be paid before real actions are taken. Waiting for 7-10 days is easy compared with that.

I say that is bullshit, dont feed the troll.

Yeah, i think that is PM material, not airing your dirty laundry for all to see. If you knew about all of those issues, why invest?


ANYWAY.

We only have two delagtes atm, someone needs to try and beat my 100% uptime?!

That is the point. In all ICOs that i have join i never had a negative return. NEVER.... VPRC gave me a nice 200% profit, LISK gave me a nice 300% profit...

Exactly. Anyone who was serious and had a brain wouldn't post this in a forum. They'd contact support directly. Secondly. You're dealing in BTC across borders. You might as well hold it for another 8 days or whatever it is and trade it. You'll probably get more btc out of it. I don't even know the last ICO that returned negative returns.

Damn it! What a dick-move.

Everyone knows investing in an ICO is risky. That is common knowledge and part of Cryptos nature.
Now afterwards, just a few days before the launch, you are threatening with legal consequences because " YOU DIDN'T KNOW THAT THERE IS NO REFUND-BUTTON"? (As if this was a fucking walmart)

Are you serious about this? I bet you're just trying to defame the project for whatever reason that could be. Why else would you come up with a "legal reminder" in your first post?
Why don't you ask "Hey guys, I reconsidered, can you help me?" -Instead you go ragemode from the start.... W T F

@ mr.admiral_bit: If you invest in something like an ICO of a cryptocurrency and you are clearly aware of all the red flags concerned, why do you invest in the first place?  I can see only one reason: a big (legal and well played) trap to create FUD.

Hello there,

ok, let´s do this my way...

i strongly oppose your statement in terms of "Rise" not beeing a financial provider. You implemented a platform to invest a certain amount of crypto coins in exchange for a certain amount of crypo coins of a different kind.

This kind of transactional structure automatically implies a financial enterprise, either in a commercial or regulative understanding. All commercial applications or services which are provided from the U.S territory fall under the regulation of the FDIC.

Again id like to point out, that nowhere on the application account form it states that your investment is actually a donation. I think my point becomes more valid if i give you a few examples:

- The "Get started" button on the mainpage directly leads you to the rise application form
- After filling out all mandatory fields you can directly login into your account. There is not even an email verification implemented
- On the profiles you will find a button with the label "Invest". The click on the button will return a "BTC investment Address"
- The form part "Your Investement" shows you the label "Invested BTC"
- On the lower part of the page you will find a transaction overview which first column is named "Investor"

Nowhere during the application process i was asked to confirm any terms of use. Nowhere during the application process i was informed that my "Investment" is not refundable. I did not recieve a confirmation mail with the details of my profile setup. At no time during the application process i was forwarded to an information which could have lead me to the conclusion that my investment is actually a donation.

The RISE investment process clearly lacks the verification and transparency stipulated by your financial regulators (especially if it is supposed to be regarded as a donation process).

With regard to the points stated above i will pursuit the following actions:

1. I will perform a screencap incl. timestamp of the Rise application procedure for further evidence - Done
2. I will file a formal FDIC complaint with the motion to investigate the extend of rise´s financial and legal obligations
3. I will file an action for a declaratory judgment with the motion to refund all my investments during the Rise ICO period

The last point will lead to a cost note from my lawyer which includes: 1. Filing the motion, 2. Translating the notion 3. Forward the notion to the U.S jurisdiction. The estimated fees lie around 2000 € and will forwarded to the Rise team after it has been covered by my insurance company.

Please make no mistake; i have the money, the time and the intention to pull this through. If you are willing to resolve this without further legal implications, you know how to contact me. After proper account verification i will provide you with my BTC refund address. For your further reconsideration, no action will be filed until Monday, June the 20th end of business


Kind regards

just karma from your dump dump wave comments. lol Now no dump.

WAVES really blow it... this will have a impact on the RISE deposits... now it is 20th of June, so maybe we are still ok, but for me it can be easily move to 1th of July or so, and then it will have a impact, as i was planning to add some more coins here.

Rise Dev already have 2 weeks additional time from the extended ICO - to sort out any potential issue + distribution of the code to the exchanges. If exchanges need to compile & audit your Rise code, make sure you submit it before the ICO ends so that it will be ready on the "advertised" launch date. So make sure you do not give the same "excuses" LISK & WAVES had.

Dear OP, Please learn a lesson from waves epic fail and secure an exchange giving them everything they need for a smooth open.  

Sig campaign is already finished.Bow you have to wait for post ico bounties.

I want join the Signature Campaign,but my grade is too low.

Hi.. Ive created an account and when I tried to login again I cannot sign in. It says that "The token for this user is incorrect."
This is the email that I used to create an account [email protected]

Wow so far Rise has raised over $600,000 

Hi Admiral_Bit,

With all due respect we are not a financial institution or an enterprise.

Rise is not providing any direct services. We are working on open source code that anyone can run and use at will. We provide no centralized banking or financial services.

Bitcoin "Investments" are donations to keep us able to work on the project.

Those donations will give us the ability to develop features that provide nodes new benefits if they upgrade.

For those reasons we don't come under FDIC regulations.

Rise will launch in just over seven days, at which point you can recover your investment depending on the performance on the exchanges.

You know you are on bct right? Lol.

yes. wallet for windows would be much better as I'm not a linux user not mac.

Hello there,

from a legal Point of view, this Information does not unbind you from the implementation of proper business terms. There is no confirmation what so ever (i.e. I hereby understand, that all investements are non-refundable) when creating a rise Profile.

Actually the rise Profile page does not give any Information regarding the Investment procedure. When it comes to financial transactions you are obligated to implement proper Business Terms. And moreover, you are required to have them confirmed by the user before you process any transactions.

The RISE ICO  violates FDIC regulation Act 6500 which clearly states:

"§ 1005.4 General disclosure requirements; jointly offered services.

(a)(1)  Form of disclosures. Disclosures required under this part shall be clear and readily understandable, in writing, and in a form the consumer may keep, except as otherwise provided in this part. The disclosures required by this part may be provided to the consumer in electronic form, subject to compliance with the consumer-consent and other applicable provisions of the Electronic Signatures in Global and National Commerce Act (E-Sign Act) (15 U.S.C. 7001 et seq.). A financial institution may use commonly accepted or readily understandable abbreviations in complying with the disclosure requirements of this part.

My lawyer (who i dont even have to pay since i have proper insurance) will have a legal complaint ready by next week. Please consider the financial and reputational impact to your Enterprise which comes along with an international lawsuit.

I´d really like to resolve my refund request without legal implications. Please reconsider...