[PRE-ANN] OPAIR | Decentralized Debit Cards | OCaml | New Blockchain Platform - page 44.

termion

hero member

Activity: 910

Merit: 533

Quote from: equator on September 09, 2016, 12:00:12 PM

After seeing so much of problems after the ICO finish , i am in doubt now that as soon as the coin gets launched in exchange every one will try to just cashout their coins at what ever rate it may be. So mostly this coin is going to get highly dumped on launching time.

I think so... Developers must do something interesting and REAL with project BEFORE launch in exchanges...

equator

legendary

Activity: 1190

Merit: 1002

After seeing so much of problems after the ICO finish , i am in doubt now that as soon as the coin gets launched in exchange every one will try to just cashout their coins at what ever rate it may be. So mostly this coin is going to get highly dumped on launching time.

tomsmith26

hero member

Activity: 1148

Merit: 512

Quote from: wasserman99 on September 09, 2016, 10:50:53 AM

Quote from: wasserman99 on September 08, 2016, 02:49:01 PM

As we said previously to the release date we should reach a consensus with SJ. This is the final plan we both agreed:

1) Define the 9% PoW before Friday. // By far the most voted option at the moment is "b".
2) On Friday communicating the decision to SJ.
3) Release the qt wallet before September 19th.
4) On September 19th the refund period will ends and the remaining funds will be released.
5) Start the distribution.
6) List on exchanges.
7) Launch the beta during October.

The distribution of the coins can not start earlier because it would be totally unfair to investors in the first phase as SJ he said:

Quote

How about making a timeframe of two weeks from the day we have an agreement settled. This should be sufficient time for investors to check for the status of the coin and make a decision.

The problem is that if wasserman99 would release the coins now to ico 1 investors then I either would have to refund all ico 2 users or forward all coins of users that do want a refund. The latter is no real choice. The reason is that they could hedge against the price of the coin otherwise. Ask for a refund with the coin price drops or ask for the coins when they rise in value.

If wasserman99 sends coins before that timeframe to ico 1 then a refund to ico 2 has to happen to not make it possible to force a forwarding.
If coins are sent to ico 1 and 2 then still ico 2 bitcoins has to be refunded for the same reason.

We are in touch,

Regards

Hi,

The most voted option was b). Thus, we continue with that in mind for the wallet. So will be pure PoS with 3% Annual Interest. The qt wallet will be ready before the september 19th but the distribution will start after that date for reasons that can read above, agreed by the escrow.

Regards

Thank you for your information.
I'm waiting for releasing the wallet and distribution on that day. all agreements are resolved ?
Nice works!

Dank Frank

sr. member

Activity: 406

Merit: 250

Too Weird to Live. Too Rare to Die...

You guys do realize after all shadiness from this ICO, wasserman now only have to release a cheap ass qt wallet for full escrow funds and didn't notify any investors by email on what to vote and how to vote.

wasserman99

sr. member

Activity: 476

Merit: 250

Quote from: wasserman99 on September 08, 2016, 02:49:01 PM

As we said previously to the release date we should reach a consensus with SJ. This is the final plan we both agreed:

1) Define the 9% PoW before Friday. // By far the most voted option at the moment is "b".
2) On Friday communicating the decision to SJ.
3) Release the qt wallet before September 19th.
4) On September 19th the refund period will ends and the remaining funds will be released.
5) Start the distribution.
6) List on exchanges.
7) Launch the beta during October.

The distribution of the coins can not start earlier because it would be totally unfair to investors in the first phase as SJ he said:

Quote

How about making a timeframe of two weeks from the day we have an agreement settled. This should be sufficient time for investors to check for the status of the coin and make a decision.

The problem is that if wasserman99 would release the coins now to ico 1 investors then I either would have to refund all ico 2 users or forward all coins of users that do want a refund. The latter is no real choice. The reason is that they could hedge against the price of the coin otherwise. Ask for a refund with the coin price drops or ask for the coins when they rise in value.

If wasserman99 sends coins before that timeframe to ico 1 then a refund to ico 2 has to happen to not make it possible to force a forwarding.
If coins are sent to ico 1 and 2 then still ico 2 bitcoins has to be refunded for the same reason.

We are in touch,

Regards

Hi,

The most voted option was b). Thus, we continue with that in mind for the wallet. So will be pure PoS with 3% Annual Interest. The qt wallet will be ready before the september 19th but the distribution will start after that date for reasons that can read above, agreed by the escrow.

Regards

oprutcoin

newbie

Activity: 30

Merit: 0

when the wallet can take?we are wait for a long time.

XbladeX

legendary

Activity: 1302

Merit: 1002

Quote from: BasementRot on September 09, 2016, 03:57:30 AM

...
51% attack is when 1 person/group controls over 50% of the network mining hash rate. Then they have blockchain control and can reverse transactions, double spend coins and block other peoples transactions at will.

Many exchanges have more than 50% coins and no one attacks POS coins all those theoretical problems doesn't happening.
All drama is to hyped abut that.
PS: Exchange can give such POS 200-400 confirmations before they are usable if they aware

vasdav

sr. member

Activity: 280

Merit: 250

Quote from: BigWait on September 09, 2016, 03:04:06 AM

what happen
when will luanch

Yeah, when will available wallet? Date?
10.09 or maybe 18.09?? Huh

BasementRot

full member

Activity: 126

Merit: 100

Quote from: XbladeX on September 09, 2016, 02:52:15 AM

Quote from: termion on September 08, 2016, 05:55:14 PM

I suggest increase all amount coins to 90 or 100 million, if ft possible. Developers can remain 5-7 million to yourself, and remaining - POS... Attack 51% - it's very dangerous...

What ? if escrow ill have 50%+ online coins it doesnt mean he will attack network even with attack what yo can do ? Cheesy

At best you can do is blocking spending that is all

What are you talking about?

51% attack is when 1 person/group controls over 50% of the network mining hash rate. Then they have blockchain control and can reverse transactions, double spend coins and block other peoples transactions at will.

BigWait

hero member

Activity: 506

Merit: 510

what happen
when will luanch

XbladeX

legendary

Activity: 1302

Merit: 1002

Quote from: termion on September 08, 2016, 05:55:14 PM

I suggest increase all amount coins to 90 or 100 million, if ft possible. Developers can remain 5-7 million to yourself, and remaining - POS... Attack 51% - it's very dangerous...

What ? if escrow ill have 50%+ online coins it doesnt mean he will attack network even with attack what yo can do ? Cheesy

At best you can do is blocking spending that is all

Arrakeen

hero member

Activity: 532

Merit: 500

Offer escrow, receive negative trust

Quote from: kooke on September 08, 2016, 10:41:39 PM

I'm here again. I see great that you were able to finally reach an agreement with the escrow. So, now we need to wait 11 days more, no problem for me.

What are we waiting 11 days for now? If you could share a link with more info, that'd be great (I can't find it here).

Hopefully someone can ease my anxiety over this - all the back and forth talk never looks good Undecided

kooke

sr. member

Activity: 448

Merit: 250

Bitcoin super-duper-mega-ultra-hyper-node

I'm here again. I see great that you were able to finally reach an agreement with the escrow. So, now we need to wait 11 days more, no problem for me.

@BasementRot, if there is not PoW phase, i think that would be pure PoS with year % interest.

As i did by pm, my vote was for the option b. I just wanted to make it public.

Good health to Opair!

cryptodv

hero member

Activity: 1092

Merit: 507

btcstakes.com

POS or POW? What's the final decision Huh

looking4thegrail

member

Activity: 74

Merit: 10

Let's see what Wasserman delivers. The coin will likely be secured by POS. Before they said POW and POS. An escrowed premine is a good idea. If they deliver something great, they'll be able to use the premine to deliver more features.

cowboys

member

Activity: 80

Merit: 10

Whatsup with all the drama? ICO guy here, haven't checked since.

termion

hero member

Activity: 910

Merit: 533

I suggest increase all amount coins to 90 or 100 million, if ft possible. Developers can remain 5-7 million to yourself, and remaining - POS... Attack 51% - it's very dangerous...

Rkana

sr. member

Activity: 281

Merit: 250

RK Coin Services - Alt Coins Dev (ETH-BTC & More)

If phase 2 ico can be refunded, how about phase 1 ico? You should be able to refund them if they also want their money back.
The way i see this whole thing is hit and run. I have no faith in you and no faith in this project. I would like to get my refund as
a phase 1 investor.

and PS: this voting thing is BS - it should be public like someone stated.

BasementRot

full member

Activity: 126

Merit: 100

Quote from: wasserman99 on September 08, 2016, 05:24:34 PM

Quote from: BasementRot on September 08, 2016, 05:07:56 PM

Quote from: wasserman99 on September 08, 2016, 02:50:25 PM

Hi,

Adhitthana, must be because "https://www.linkedin.com/in/haowang" already exist.

Regards

@wasserman99 - read and respond to my post (~6 post before this one) #1504 https://bitcointalksearch.org/topic/m.16180948

If you take PoW, how will the network be secured?

Why are you running the vote that decides if you get free money. That is major conflict of interest. It should also be public, not secret!

The vote should be to either give you PoW or not, by adding 2 categories for 'against' you are diluting the votes against yourself.

The PoW rules were established before ICO, a small majority shouldn't be enough to change a major rule like that after the ICO.

Hi,

We can send the premine (if the option b wins) to an escrow address not controlled by us, there is no problem. We will not touch the premine coins.

On voting, we decided to do it because many suggested that because the raised amount was less than expected. We decided to take this proposal and conduct a vote. We include the three options that we considered most appropriate. For the moment, the results of the voting at the moment are: a) 5 - b) 14 - c) 6. It's a big difference, even if we sum both options as you say. There are some votes that we are verifying that comes from an investor or not, so if anyone can vote (and is an investor) contact us by pm or slack. SJ is aware of and agree with the vote.

Regards

I'll ask again. How will the network be secured if there is no PoW reward and no incentive for miners? Do you have a working PoS system ready? Otherwise a 51% attack will be super easy.

The votes need to be public. What you are doing is like letting a president tally their own election votes and then tell everyone if they got re-elected.

wasserman99

sr. member

Activity: 476

Merit: 250

Quote from: BasementRot on September 08, 2016, 05:07:56 PM

Quote from: wasserman99 on September 08, 2016, 02:50:25 PM

Hi,

Adhitthana, must be because "https://www.linkedin.com/in/haowang" already exist.

Regards

@wasserman99 - read and respond to my post (~6 post before this one) #1504 https://bitcointalksearch.org/topic/m.16180948

If you take PoW, how will the network be secured?

Why are you running the vote that decides if you get free money. That is major conflict of interest. It should also be public, not secret!

The vote should be to either give you PoW or not, by adding 2 categories for 'against' you are diluting the votes against yourself.

The PoW rules were established before ICO, a small majority shouldn't be enough to change a major rule like that after the ICO.

Hi,

We can send the premine (if the option b wins) to an escrow address not controlled by us, there is no problem. We will not touch the premine coins.

On voting, we decided to do it because many suggested that because the raised amount was less than expected. We decided to take this proposal and conduct a vote. We include the three options that we considered most appropriate. For the moment, the results of the voting at the moment are: a) 5 - b) 14 - c) 6. It's a big difference, even if we sum both options as you say. There are some votes that we are verifying that comes from an investor or not, so if anyone can vote (and is an investor) contact us by pm or slack. SJ is aware of and agree with the vote.

Regards

Topic: [PRE-ANN] OPAIR | Decentralized Debit Cards | OCaml | New Blockchain Platform - page 44. (Read 127659 times)