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Offline hadrian

'Credits' Presale date announced - September 20th
« on: September 07, 2014, 06:55:59 PM »

http://getcredits.io/blog/credits-presale-logo-contest-announcement/
http://getcredits.io/

Apparently it's "the world's first Proof of Consensus cryptocurrency with riskless pre-sale".

Not sure if I should say this in case it diverts productivity away from BitShares, but there are "two $750 bounties (paid out in Bitcoin) as prizes in a design contest to choose the Credits logo".
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline onceuponatime

Re: 'Credits' Presale date announced - September 20th
« Reply #1 on: September 07, 2014, 08:14:23 PM »
http://getcredits.io/blog/credits-presale-logo-contest-announcement/
http://getcredits.io/

Apparently it's "the world's first Proof of Consensus cryptocurrency with riskless pre-sale".

Not sure if I should say this in case it diverts productivity away from BitShares, but there are "two $750 bounties (paid out in Bitcoin) as prizes in a design contest to choose the Credits logo".

White Paper? Developers? You posted this here why?

Offline hadrian

Re: 'Credits' Presale date announced - September 20th
« Reply #2 on: September 07, 2014, 08:46:19 PM »
http://getcredits.io/blog/credits-presale-logo-contest-announcement/
http://getcredits.io/

Apparently it's "the world's first Proof of Consensus cryptocurrency with riskless pre-sale".

Not sure if I should say this in case it diverts productivity away from BitShares, but there are "two $750 bounties (paid out in Bitcoin) as prizes in a design contest to choose the Credits logo".

White Paper? Developers? You posted this here why?

I posted this just for information. I don't know a lot about this project, but it seems to stand out somewhat. People here may be curious about "Proof of Consensus", or may simply want to stay informed about competitors. Different consensus mechanisms could have points of interest.
I doubt they will be a serious competitor, but I think knowledge is useful.

Bitcointalk announcement is here: https://bitcointalk.org/index.php?topic=614917.0

I'm not too familiar with netiquette actually, so if you think it'd be better for this topic to not be here I'm happy for it to be removed.

edit: Should I delete it?
« Last Edit: September 07, 2014, 08:57:22 PM by hadrian »
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Offline onceuponatime

Re: 'Credits' Presale date announced - September 20th
« Reply #3 on: September 07, 2014, 09:00:21 PM »
http://getcredits.io/blog/credits-presale-logo-contest-announcement/
http://getcredits.io/

Apparently it's "the world's first Proof of Consensus cryptocurrency with riskless pre-sale".

Not sure if I should say this in case it diverts productivity away from BitShares, but there are "two $750 bounties (paid out in Bitcoin) as prizes in a design contest to choose the Credits logo".

White Paper? Developers? You posted this here why?

I posted this just for information. I don't know a lot about this project, but it seems to stand out somewhat. People here may be curious about "Proof of Consensus", or may simply want to stay informed about competitors. Different consensus mechanisms could have points of interest.
I doubt they will be a serious competitor, but I think knowledge is useful.

Bitcointalk announcement is here: https://bitcointalk.org/index.php?topic=614917.0

I'm not too familiar with netiquette actually, so if you think it'd be better for this topic to not be here I'm happy for it to be removed.

I'm just saying that a quick perusal of their website gave me no confidence that just because they claim that the pre-sale is "riskless" that it actually is so. Since we don't know anything about the people behind this, how can we accept their claim for "riskless presale". How do we know that they will honor refunds? They say nothing about funds being held in escrow for the duration of the refund period.

Also, with no White Paper, how can we evaluate their "Proof of Consensus" technology?

Offline hadrian

Re: 'Credits' Presale date announced - September 20th
« Reply #4 on: September 07, 2014, 09:18:08 PM »
http://getcredits.io/blog/credits-presale-logo-contest-announcement/
http://getcredits.io/

Apparently it's "the world's first Proof of Consensus cryptocurrency with riskless pre-sale".

Not sure if I should say this in case it diverts productivity away from BitShares, but there are "two $750 bounties (paid out in Bitcoin) as prizes in a design contest to choose the Credits logo".

White Paper? Developers? You posted this here why?

I posted this just for information. I don't know a lot about this project, but it seems to stand out somewhat. People here may be curious about "Proof of Consensus", or may simply want to stay informed about competitors. Different consensus mechanisms could have points of interest.
I doubt they will be a serious competitor, but I think knowledge is useful.

Bitcointalk announcement is here: https://bitcointalk.org/index.php?topic=614917.0

I'm not too familiar with netiquette actually, so if you think it'd be better for this topic to not be here I'm happy for it to be removed.

I'm just saying that a quick perusal of their website gave me no confidence that just because they claim that the pre-sale is "riskless" that it actually is so. Since we don't know anything about the people behind this, how can we accept their claim for "riskless presale". How do we know that they will honor refunds? They say nothing about funds being held in escrow for the duration of the refund period.

Also, with no White Paper, how can we evaluate their "Proof of Consensus" technology?

Good questions onceuponatime.

I'm not advocating 'Credits' because I've not researched them. My thinking was that others here may have looked into it at some point and might have opinions which they wish to discuss here.

I came across 'Credits' a while ago, forgot about it, then got an email about the presale. I announced it so that others can be aware. Just a 'heads up' really.
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