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RE: Steem Basic Income - Member Delegation Report (10 June 2018)
This initiatives looks great, but there is one HUGE concern:
- Where is the guarantees of your credibility?
If tommorrow (or two years later) you simple will say: "that's it, we got your money, fools" or maybe just "we are bored and not interested to support this project anymore" no one can punish you or get SP back. Anyone participating mus have 100% trust in you. But we even don't know who you are!
How can a sane person give an actual money for just a pretty words?
UPD: you have no answer for such an important question in your FAQ of "whitepapper". Please add it there. Credibility is much more important than a complicated schemes of shares distribution. What use will have thous shares if project can't be trusted in a first place?
These are fair points, and one reason why we've structured so that a member could enroll for only 1 STEEM and then increase their participation through delegation instead of further increasing their shares.
We do have a formal refund policy that applies to any material program changes (and closing the program would be a material change) that is detailed in the Complete Overview. It's too late to change the FAQ post, but we will include more contact information when we announce our website (coming soon).
Thanks for your answer, @steembasicincome.
I want to trust you, and maybe even will get some shares, cos it's a good deal... it's just a pity that you can't do a trust-less, decentralized system for this project ((
I have been investigating the possibility of doing an SMT in order to support a trust-less decentralized system.
Since HF 20 has not even been released, that's not our immediate development priority. Anyone 'pre-selling' an SMT before the code support for them has been added to the blockchain protocol should be treated with extreme skepticism... especially if the pre-sale is using STEEM or SBD and not an ERC20 or other token that would convert into the SMT after launch.
Have a look at the video's they have posted. They give thw names of those involved. If they simply ran off then they would be found.
Other than that what trust do you give bots, or even in the whole steemit system. You have to trust a little at some point. They have prooved themselves to be trustworthy and will continue to do so.
Why would you screw over a good system that benifits everyone involved, including those managing it.
I trust him alot more than a self upvoter. I have invested with them for 3 months now & get $2.50+ in upvotes daily from them.
Hm? Where is a logic?
First of all, self upvote is 100% transperent - I'm doing nothing prohibited by this blockchain, and doing it openly.
But even then... I don't ask you to send me 1 SBD or something, do not try to make some trusted deal with you. So I do not need your trust anyways.
But SBI needs trust of their peers, cos they getting real money for a far-reaching promises, with no way to force refund in a case if these promises are broken in any manner.
Ergo: my question is a good question, even in case I'm myself is a totally malicious person with a bad intentions. True?
Wait until you see what they tell ME, I'm pretty skeptical, based on past results.
I run a community voter bot and I get very little bad feedback, and it's none once I 'Splain hpw to verify the incoming votes ;)
OK I HAVE GOTTEN A SATISFACTORY ANSWER! ;-)