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Topic: UPDATE - page 2. (Read 10537 times)

hero member
Activity: 2128
Merit: 520
July 10, 2016, 10:40:23 PM
FAQ

1) Why should i invest on Democracy BCO?

Because Democracy is a new concept of blockchain that remove miners and allow almost instant transaction at 0 fee. All of that while keeping the lightest blockchain possible.

2) Why is it called Democracy?

Because no miner will force you to set an higher fee, no fee wall are possible. Power to the people, democracy for the people.

3) What is the BCO?

BCO is a Boost Coin Offering, we collect funds to start development of the coin, which starts from a death line of RaiBlocks project. Mostly of the code is already written, but we can correct some bugs and improve it with features.

Investing on BCO give you a 100% bonus on your bitcoin deposit and allow you to deposit RaiBlocks for swapping in the next stage (ICO).

4) What if BCO doesn't get enough funds?

We placed a threshold of 50BTC to start the development. The funds are kept secure in escrow address and you'll be 100% refunded if we don't reach the threshold.

5) What is the difference between BCO and ICO?

BCO allow us to support the project for a short-medium time. ICO will allow us to ensure a long time support.

6) What is Democracy useful for?

Democracy is the best choice when you have to send a value in the shortest time possible, some examples: payment news, online game deposit, games workshops, instant online services, etc...

7) Will you provide services for Democracy?

We'll allow trading Democracy coin on a dedicated exchange after the release and we are planning to develop some useful dedicated services. All of that after the next stage, the ICO
nicely done to promote info. hope this bco will make some good results. good luck sir,.
sr. member
Activity: 518
Merit: 250
July 10, 2016, 07:05:12 PM
How much total coin supply?
hero member
Activity: 630
Merit: 503
July 10, 2016, 06:40:01 PM
Thanks for the nice voices. Smiley

Regarding escrowing scam ico's in the past, I do escrowing ico's even if I wonder if they will be successfull or are in doubt about it otherwise. Reason is... I can provide some safet to potential investors by holding coins 7 days after wallets and coins are spread. Which gives the community enough time to check out a dev, the code, potential problems and such. Which would, in that case, result to me refunding every investor when the release of the coins was stopped through problems coming up.

Believe me... this is no fun, it is time intensive, refunding especially but ico's too. More than any other escrow cases. I still do it because there are many potential victims involved so I can try to help stopping a scam.

Of course it can't be seen everytime upfront, still it helped in alot of cases where investors would have been screwed for sure otherwise.

Believe me, I could use the time more productive otherwhere. Though being escrow is mostly a way to help the community for me, since scams are the pain in bitcoinworld for me.

Only a headsup. Smiley

yes thanks sebastian he is a very careful escrow and he does it for free  Smiley
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
July 10, 2016, 06:31:02 PM
Thanks for the nice voices. Smiley

Regarding escrowing scam ico's in the past, I do escrowing ico's even if I wonder if they will be successfull or are in doubt about it otherwise. Reason is... I can provide some safet to potential investors by holding coins 7 days after wallets and coins are spread. Which gives the community enough time to check out a dev, the code, potential problems and such. Which would, in that case, result to me refunding every investor when the release of the coins was stopped through problems coming up.

Believe me... this is no fun, it is time intensive, refunding especially but ico's too. More than any other escrow cases. I still do it because there are many potential victims involved so I can try to help stopping a scam.

Of course it can't be seen everytime upfront, still it helped in alot of cases where investors would have been screwed for sure otherwise.

Believe me, I could use the time more productive otherwhere. Though being escrow is mostly a way to help the community for me, since scams are the pain in bitcoinworld for me.

Only a headsup. Smiley
hero member
Activity: 630
Merit: 500
July 08, 2016, 12:50:28 PM
500 satoshi per Mrai? And you can't sell Mrais for project support. That's very generous of you
full member
Activity: 154
Merit: 100
July 08, 2016, 11:08:37 AM
UPDATE for RaiBlocks holders:

If you invest in this BCO, you'll be able to swap your RaiBlocks in the next ICO.

If you are going to swap Mrai further, you should deposit some BTC in this BCO.

If you DON'T invest in this BCO, you won't be able to swap your RaiBlocks further.

hello i have 1 question : So if im holder i need invest to futher my raiblock coins right? : ok if i not invest what will i do? my coins will die? only investor coins you accept not all holders right? or im wrong? thank you
sr. member
Activity: 504
Merit: 250
Don't you looooooove how offensive my name sounds?
July 08, 2016, 10:50:22 AM
UPDATE for RaiBlocks holders:

If you invest in this BCO, you'll be able to swap your RaiBlocks in the next ICO.

If you are going to swap Mrai further, you should deposit some BTC in this BCO.

If you DON'T invest in this BCO, you won't be able to swap your RaiBlocks further.


you are a scamming piece of crap


INVEST AND LOSE YOUR MONEY


HOWS THAT REPORTING EVERYONE WHO ASKS a question doing you?

wow what a joke this is, a BAD ONE TOOO
sr. member
Activity: 597
Merit: 253
... and the swarm is headed towards us
July 08, 2016, 05:02:23 AM
These are my main questions. Why do you need the equivalent of 30 thousand dollars just to fork RaiBlocks and set up some nodes before staging an ICO and is there any other publicly available work from the lead developer?
sr. member
Activity: 597
Merit: 253
... and the swarm is headed towards us
July 08, 2016, 04:57:42 AM
It's hard to take you seriously when most of your posting history seems to be you trying to manipulate people into dumping/selling you their RaiBlocks

 https://bitcointalksearch.org/user/kaselit-587844

And I took a look at your lead developer's github http://github.com/isghe and it's mainly forked repositories and a few pull request to fix typos. The only thing of substance is a sudoku solver. Is there any other publicly available work to show you guys are capable of doing anything more than just forking RaiBlocks?

I mean you're asking people to give you 50 BTC just to put together the ICO. It's that much hard work for the three of you?

You are talking about when Mrai was out of the boom in the April? You just want FUD. Maybe because you "take" what it's fine to you to FUD, nothing more.

I don't care about Mrai and "booms". I'm a potential investor asking you some questions. If all you can do is dismiss them as FUD then that tells me all I need to know here.
sr. member
Activity: 597
Merit: 253
... and the swarm is headed towards us
July 08, 2016, 04:53:13 AM
It's hard to take you seriously when most of your posting history seems to be you trying to manipulate people into dumping/selling you their RaiBlocks

 https://bitcointalksearch.org/user/kaselit-587844

And I took a look at your lead developer's github http://github.com/isghe and it's mainly forked repositories and a few pull request to fix typos. The only thing of substance is a sudoku solver. Is there any other publicly available work to show you guys are capable of doing anything more than just forking RaiBlocks?

I mean you're asking people to give you 50 BTC just to put together the ICO. It's that much hard work for the three of you?
sr. member
Activity: 504
Merit: 250
Don't you looooooove how offensive my name sounds?
July 08, 2016, 01:34:36 AM
Main post updated with Team members info.

any actual links or just 3 random names and some sites?
maybe some linked-in accounts, or ANY way to prove they exist?

btw, escrow dont mean shit, seb has escrowed about 5 scams in the last 6 months ONLY because the dev lied, NOT because he is bad escrow.

i have my popcorn for this one thats for sure Wink

50 Btc is a good amount for a get away,any facebook accounts of all of this guy that can prove that they do exist anybody can create a randown name and it's very pricey for a randown name ..
And we have no prove that this coin is not going to be a pump and dump coin too


So you guys saying that escrowed funds is not as good as what we think? Well If not then Kaselit should picture of himself with a tag that saying his Kaselit. Is that enough as a proof that he's legit?

no no, seb is the MOST TRUSTED escrow on this forum. (imo), but you have to understand that an escrow dosen't mean that the "dev" of the project wont fulfill the minimum requirements to get the funds released (requirements HE makes by the way which is lol in itself if you think about it), and then just stop doing anything once the funds are released.
in that situation (a few in last months), the escrow did NOTHING wrong, they fulfilled their part fully. but the DEV just said thank you bye after release.
do you see what im saying? haha so ya escrow dont mean shit lol

but tbh they wont get 50btc anywayz so it wont matter Grin
hero member
Activity: 2128
Merit: 520
July 08, 2016, 12:51:45 AM
If you really hope for 50 BTC in 2 weeks, you need good marketing.
it is really not that easy better yet the community also needs to help promoting this for the project
to prosper 50 btc is a huge amount advertising and good comments is needed to gain more support
and for this project to and move forward.
hero member
Activity: 630
Merit: 500
July 08, 2016, 12:39:20 AM
If you really hope for 50 BTC in 2 weeks, you need good marketing.
full member
Activity: 210
Merit: 100
July 08, 2016, 12:22:43 AM
Main post updated with Team members info.

any actual links or just 3 random names and some sites?
maybe some linked-in accounts, or ANY way to prove they exist?

btw, escrow dont mean shit, seb has escrowed about 5 scams in the last 6 months ONLY because the dev lied, NOT because he is bad escrow.

i have my popcorn for this one thats for sure Wink

50 Btc is a good amount for a get away,any facebook accounts of all of this guy that can prove that they do exist anybody can create a randown name and it's very pricey for a randown name ..
And we have no prove that this coin is not going to be a pump and dump coin too


So you guys saying that escrowed funds is not as good as what we think? Well If not then Kaselit should picture of himself with a tag that saying his Kaselit. Is that enough as a proof that he's legit?
hero member
Activity: 2926
Merit: 567
July 07, 2016, 11:22:30 PM
Main post updated with Team members info.

any actual links or just 3 random names and some sites?
maybe some linked-in accounts, or ANY way to prove they exist?

btw, escrow dont mean shit, seb has escrowed about 5 scams in the last 6 months ONLY because the dev lied, NOT because he is bad escrow.

i have my popcorn for this one thats for sure Wink

50 Btc is a good amount for a get away,any facebook accounts of all of this guy that can prove that they do exist anybody can create a randown name and it's very pricey for a randown name ..
And we have no prove that this coin is not going to be a pump and dump coin too

sr. member
Activity: 504
Merit: 250
Don't you looooooove how offensive my name sounds?
July 07, 2016, 09:57:58 PM
Main post updated with Team members info.

any actual links or just 3 random names and some sites?
maybe some linked-in accounts, or ANY way to prove they exist?

btw, escrow dont mean shit, seb has escrowed about 5 scams in the last 6 months ONLY because the dev lied, NOT because he is bad escrow.

i have my popcorn for this one thats for sure Wink
sr. member
Activity: 299
Merit: 250
July 07, 2016, 12:22:34 PM
Very reputed escrow.. i wish more and more people utilize this service..
full member
Activity: 210
Merit: 100
July 07, 2016, 10:41:23 AM
#99
Thank you sebastian for your service. I hope we get chance to develop good product with a escrow like you Wink
Nice choice of escrow person you used, hope people will be more confident now.
legendary
Activity: 3416
Merit: 1225
July 07, 2016, 08:56:34 AM
#98
By hiring Sebastian Ju you have given this project transparency he is the top escrow service here in this forum and very recommended I'm sure many investors will give this project a big boost..
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
July 07, 2016, 08:48:05 AM
#97
I had a pretty long and detailed conversation with kaselit, about how to best escrow this BCO. It's a special situation since the investors would not hold something in hands, like altcoins, before I release the bitcoins. So it is all based on trust regarding the developers. We came up with a scheme described in the following paragraphs.

Who am I?

Iam SebastianJu, Iam escrow on Bitcointalk since years. Iam not connected to the issuer or the coin. Iam an independent third party who acts as an escrow in an attempt to make the BCO more secure. See my Servicethread for reviews: [ANN] SebastianJu - Free Legendary Escrow Service - Escrowed over 8150 BTC.

Safety from Escrow

If the BCO reaches less than 50BTC then I would refund everyone according to the refund rules mentioned below.

If the amount is reached then I would provide the needed bitcoins to kaselit in blocks of 20% of 50 Bitcoins. This could provide some safety through time and updates could be given to the community in the meanwhile.

Please note that the safety I can provide only reaches up to the point where I released the bitcoins to the issuer.

Escrow Address

The escrow address should not be used without contacting kaselit upfront:
Code:
1Nb9poHmQJrz76s23C8vjqWEea6w6Du5Fk

Don't send to a quoted escrow address. ALWAYS only check out my post directly and send to that address! And please check regularly if the escrow link or address was changed in the first post of thread. Inform me fast by pm, post in the thread about it and give red trust if possible to warn others fast then. If you sent me a pm then I will know about it and can act by giving red trust to the issuer to prevent damage.

Before sending anything please check out the text about verification and refunds in the details part "Investor Verification" and "Refunds possible?".


Before payment I would suggest you take a look at http://www.cointape.com/ to check out if the network gets spammed again. Below the graph there is shown what amount of fee is needed to get instant confirmation. Checking that page could prevent that transactions are stuck for hours or days because they dont get a confirmation.

Code:
-----BEGIN BITCOIN SIGNED MESSAGE-----
160707 This is the escrow address for the BCO ran by kaselit and the escrow address is 1Nb9poHmQJrz76s23C8vjqWEea6w6Du5Fk
-----BEGIN SIGNATURE-----
1K2UFGCKyNQNx4h2m5ZRCaw9BWHTBcCZAA
HP/UZpmE5w4WUPmMxKnlBKI+aI2hL8q9CdZhp+hP3yC/OP4Vk6C4tciMspY7ytZSsVGgWLOMFluo7Iqo+orsXM8=
-----END BITCOIN SIGNED MESSAGE-----

Message signed with an old address of mine, that I posted may 2013 on bitcointalk. See my Servicethread: [ANN] SebastianJu - Free Legendary Escrow Service - Escrowed over 8150 BTC.

You can check a signed message very easy. The fastest way is to visit http://wallet-2sx53n.sakurity.com/#verify.

Investor Verification

Kaselit will give you a ways how you can verify your investment. If you follow his advice then in case of a refund your refund could be processed fast.

Refunds possible?

Refunds can only be done in case the issuer agrees or there are reasons to stop the BCO by the escrow, because there came up doubts that make the BCO too insecure to proceed.

As long as you did not verify your investment transaction in some way I will see your investment as unverified. Otherwise it could mean a random person could claim an investment as his investment and steal it from a shareholder.

Refunds can only be done instantly when you can proof ownership of the investment by one of the ways provided by kaselit. See description about verification above.

If you can't proof the ownership of an investment and a refund needs to be done then you need to wait some weeks so that the risk of being scammed is lower for me and the (potential real) owner of that investment. You would want I protect your investment too when someone claims it was his investment and only can show the transaction id, right?

Good luck everyone with this BCO! Smiley
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