Topic: [PRE-ANN] OPAIR | Decentralized Debit Cards | OCaml | New Blockchain Platform - page 60. (Read 127671 times)

Now We are going on OPAIR talks . We need SebastianJu to come here for making comments or give his idea about this. But I do not see him anywhere. All investors contribute their money to this project and They have been discussing about how to use the escrow funds .
They also want their project to run smoothly without discontinuation.
   

I really like this solution too

I am an investor and ready to pruff to my investments by signing message from input address as i'm newbie

Me too! Can we create a poll for this solution?

I really like this solution.

Yesm i think so, any other escrows do the same thing, the general pattern is release partial fund when they complete X% of roadmap. I heard that lisk team doesn't get a lot of fund, they use their own money if the fund is short, and 15k btc is not released in one time. This is very good way to protect investors, not only release a copy-paste wallet. SebastianJu is the most famous escrow, we hope to see this project can be a real in use and legit project

@isildur..they clarified a lot of times that the whitepaper will be ready before the launch of the new platform:



Good health to Opair!

can we know which langues for translation are still pending as if interested and available can do it for bounty.

Also already good improvement in fund raising.

Will love to stake some of coins as have limited supply.

somebody call him here, we want to know what he thinks about proposal BoldNinja

There are some bounties paid for translating the thread and that is it.

EDIT: The funds are still there.

He is right here: https://bitcointalksearch.org/topic/m.15794822

He is the escrow and has nothing to do with the project itself (perhaps as a investor). Maybe he is lurking sometimes, but he has no reason to get involved in the discussion in the thread.

Sounds also good to me at this point.

BoldNinja good proposal. Where sebastianju??  

I also agree with BoldNinja.

@casinobonusgiveaway he is a trusted and well known escrow for similar projects, he won't release it for nothing. He already declined some ideas of releasing the escrow funds, I believe those coins are in good hands.

I invested a small amount to this in the first ICO Phase and as more that I read this here, it seems to me, I can say goodbye to my BTC. I'm relative new to Cryptocurrencies, but I wnt to make my thoughts too. Please correct me if I see something wrong.

So the problem seems to be that SU won't release funds without real milestones and wassermann can't release XPO without all funds. I totally agree with SU to release nothing. Making a cheap basic wallet and getting fast on an exchange, is the way every scam coin goes. And I wouln't even release a sat until some real work is done.

So wassermann says, he needs a timeline when the funds will be released to can plan his work, here is my suggestion:

1. Pay bounties from first ICO Phase.
2. Release basic wallet and get on exchange.
3. Plan the work for a functional wallet (not beta)
4. Start the POW Phase for the time planned for the functional wallet.
5. I don't know f ths is possible for SU, but let him set buybacks at about 150 sat for mined XPO. They should be hold b escrow.
6. When wallet is finished the whole BTC and XPO form escrow will be released to wassermann + XPO from the ICO will be released to the investors.

I think everyone who invest in an ICO should lan to make big money within a short time. And all who want to make some quick profit can mine them during th developement phase.

It is one solution, another solution, you and 2 devs can show identities to SJ, so that you are not afraid that anyone will threathen you, or influence devs' life, because only SJ will see their identities.

You should let SJ trusts you, now your action makes escrow can't trust you, because you aleays ask fund, and in general escrows have the responsibility the judge the project is legit or not, they have right to decline to pay if they think the team is not legit.

Sounds good 

Good health to Opair!

I agree with this! If the escrow also agree we can close the agreement.

Regards

I don't see where is the problem. Simple

You received 60 BTC which is a lot in stage 1. That should get you a head-start and to get trust from investors :

1. Pay the bounties from stage 1 you will be left with more than 50 BTC
2. Release the wallet and distribute the coins if you think you got much less than you wanted well that's a risk every developer has to accommodate sometimes less is more in crypto ( a lot of now sucessful projects even started as a joke and are now in top 50 coins without any starting funds) apart from that I'm OK if you take that 9% that was reserved for PoW as development fund and that should give you motivation for your project to be properly developed.

Now for the escrow :

1. You get 20% of escrow when you distribute coins and post working basic wallet along with source (that's additional 15-18 BTC I don't know how much was raised in stage 2 )
2. You get 20% when you list it on Bittrex and not some shitty exchange (3 BTC listing fee will get you additional 15 BTC for development)

You are still left with more than 80 BTC (stage1+stage2) you can start developing the wallet you promised.

3. You get 20% when you release wallet you promised (beta one)
4. You get 40% when it's functional (I'm not saying smart contracts, debit cards, ... ) but that it is stable

@vasdav and XbladeX..they said two weeks thinking they will raised 700 btc but the project raise a way less btc. Please read this:


Good health to Opair!

You are right, absolutely agree