You can prove to me that this is not a scam by altering the IPO like this:
1) Investors register for the IPO, but do not send in any BTC for escrow. Only a BTC address needed for this.
2) after the coin launches, the registered investors then have 30 days to send the BTC for escrow and receipt of their coins.
This will:
1) lock in the investors by pre-registration
2) allow them to exit the IPO if the coin fails.
3) prevent "first day" coin dumps on an exchange
4) place the financial burden of failure on the devs (where it belongs) instead of the IPO investors.
No offense, but who are you to make demands of anyone? That seems like quite the arrogant move.
I don't think we have anything to prove to you and the fact that you posed your ideas in this manner actually makes me personally more inclined to ignore them.
If you are still unsure of our motives or the legitimacy of this launch, I would ask that you just stick with us, don't send any money, and only send when you are comfortable.
The way in which we are doing escrow is already very similar to what you are asking for. Look, no matter when you give people access to funds, the dumpers will still dump. Whether it be first day or 1 year from now, the day they have access, some investors will simply dump. That is the entire reason some people invest in launches like this. They want the quick buck they think they will get from flipping on day 1. That is part of the risk investors take when they support an early project.
Even Facebook saw this with their IPO. It debuted at $38 per share at the launch of the IPO and one week later closed at $26.81. That is a huge decline but is indicative of the nature of investors. Most investors expect an immediate jump in price, they dump as fast as possible to take their initial profits, and then they run for the hills. That is OK, if some people want to do that, that is part of how these types of investment based funding systems work. However, the good part of that is, it gives us initial capital to improve the product and it gets rid of the short term investors. This leaves us with dedicated long term investors who will help the community grow Crypti into a top 3 Crypto Currency.
Facebook today is at $66 a share. Long term investors who held have seen considerable growth. That is what our goal is and what we hope yours is too. I am 99% confident that the we will be announcing a strong vesting schedule soon so that the development team will periodically receive their stake over the course of the first YEAR of development. That means the development team by design will be long term investors which will only help the currency in the long term.
30 days won't determine whether or not Crypti will fail. It will take months or years to know whether or not the market will adopt and support Crypti. Look at Litecoin. Litecoin was launched in October of 2011 and yet now, in the Summer of 2014 we finally know that Litecoin will probably fail and see consistent price deflation and eventually be irrelevant. It took 3 years, with several really strong points where Litecoin looked like a serious alternative to Bitcoin, for it to finally start to lose strong support and now we have whales dumping left and right.
Investors will be protected with the escrow terms. If the coin does not launch or the launched coin does not function, coins will be returned to investors. That being said, we won't launch until we have everything working so this is a non factor.
The devs will see the biggest loss from failure. With portions of our stake being released quarterly, if the value drops to 0.0000001, our stake will be useless before we even get it. I feel like this is a very fair safeguard for investors to know that we will work as hard as we can to ensure that Crypti and it's valuation don't tank.
