Well I think initially you’ll be able to claim that our project CRED (actually that’s the enforced utility¹ token name but not the exact project name) is exactly a permissioned system when the open source is not revealed. But there’s a surprise that comes later when the open source is released. So you and others will presumably have fun characterizing it as a farce at the start.

We will discuss/debate/analyze the technological specifics later when the open source is released.

¹ _{No ICO securities will be issued}

_{P.S. I suggest readers revisit the Verify AMA to read my (username iamnotback’s) comments there, specifically w.r.t. the naming conflict over the CRED token name. I also made several comments there pointing out that Verify seems to be (IMO and analyses) yet another in a sea of ERC-20 pointless projects and an ICO musical chairs money grabs. UPDATE: note Verifyas banned me from their subreddit(ard).}