What are the goals required to meet before releasing the funds from escrow to the dev team?
If there are no goals except a working block chain and wallet then having the escrow is a false sense of security because anyone even me can release a wallet and code that works. And it would cost me less than $500 to make it happen.
Are their goals for releasing the money and if so what are they?
If you have read the OP, then you will know the rules for the ICO:
- We will have provided working Windows and Mac Qt wallets for Spectrecoin.
- The source code is public and available on GitHub.
- Distribution of 19 million SPEC has been completed to all investors relative to investment and any bonus as shown in the investors ‘account' and according to
https://ico.spectreproject.io/allicodeposits.php which is a ledger of investments.
- The Spectrecoin network is running and investors are able to transact.
- We have provided a working block explorer for Spectrecoin.
This is pretty standard fare really, the ICO is for you (if you want) to buy some coins and the escrow is there to make sure you get your coins. It's really as simple as that.
The funds are to be used to further the development of the Android mobile platform mainly and PR.
The security in the escrow is for you to be sure that you get your coins. It's true that anyone can release any coin, and we see that every day in fact. However, we are working on the code now we will have more features in place before the end of the ICO. We will have the whole network running under Tor and Tor integrated in the wallets. We will also have the first version of the Android wallet out very soon.
We are confident that we have a very good coin and after we are running under Tor only (which SDC is not doing) I would suggest that Spectre is the coin with the best anonymity around.
So pretty much no real goals besides a coin which anyone can make and a block explorer which you can buy on the forum for less then $50.
Sounds like a lot of people are about to get fucked up the ass on this one. Im not investing and I urge others to be careful because this sounds like the start of a scam.
I think your main issue is that you don't know how to read properly, or at least you don't know how to concentrate for long enough to understand what this is. This is not just about making the best anonymous currency out there. This is about making
AN ANDROID MOBILE PLATFORM for cash transfers. This is unique and there are actually no other MOBILE APP out there that does this.
So our goals are:
(1) Create the best and most anonymous cryptocurrency out there. Better than Monero, Shadowcash with Tor built into the code base and a whole network running under Tor only. Totally decentralised. This is new.
(2) To create an Android app for anonymous cash transfer across borders. NO OTHER TEAM is developing anything like that.
This is an overview:
We have a custom designed ‘zero-knowledge proof protocol’ that allows an instance of the app to reveal the number of successful trades it has been involved in, but without disclosing anything about those trades,
and also without the possibility of the number of successful trades being falsified. Hence, once an instance of the app has been involved in some number of successful trades the trust rating on the network will increase.
This will manifest for the user in the form of some value that we will set. This will be according to an algorithm that will consider a range of factors to counter any attempt to manipulate the trust rating.
This allows the intermediaries who facilitate the trade to prove their trustworthiness without revealing anything about their prior trades and without revealing who they are or where they are.
Crucially, no record of the trade will remain anywhere once a trade has been completed. Any record is transient and there is no history. If you are simply a client, there will be no trace on your phone that you have ever transacted.
Both a new trade request and available intermediaries ‘announce’ anonymously through a dynamic Distributed Hash Table (DHT) that will register details of the proposed trade so that clients can find intermediaries and vice-versa.
This allows the system to be totally decentralized and lets participants be totally anonymous until they mutually agree to trade within the parameters set in the app by the users.
@BTCnoobTard your goal should be to learn to read past the headlines and to judge the product on its merits when it's all done.
