Hey guys,
I've been contacted to help with the escrow for this. It will be very simple to understand and to get involved. I am to keep a public list or spreadsheet of all investors, their forum nicks (you may remain anonymous), and the amount of BTC they have invested, and their GreenBacks address.
To keep it simple and transparent, I will use the tried and tested method of accountability which is just one investor BTC address which I control, and a link to that address in the blockchain. Everyone can see all incoming transactions.
For the sake of security of everyone's coins, refunds will only be processed AFTER the coin has failed to launch, at the same time. This will be a "cold" wallet address, that's why.
No refunds will be issued for investors who change their mind. If you are not sure, do not send. If you send, you are committed and you will receive the proportional amount of GreenBacks as indicated by the developers and website.
If the coin fails to launch in a satisfactory manner all BTC will be refunded back to their original addresses, less any bitcoin transaction fees. (Usually 0.0001 per 1000 bytes.)
This is my escrow thread if you want to do some research.
https://bt.irlbtc.com/view/234939For investors sake, please use a wallet where you control the private keys and can sign a bitcoin message. Search the forums on how to do this. Do not send BTC directly from an exchange or a web wallet. In clearer terms, DO NOT SEND from btc-e, cryptsy, coinbase, etc. Use a wallet that is under your direct control such as bitcoin-qt, electrum, blockchain, armory, or bitcoin for android.
In case of disputes, I will honor whoever sends a signed message using the bitcoin address that sent the coins. Bitcoin-Qt can do this.
As I understand it, the wallet will be available so you can get your GreenBacks address from there.
Any refund, will be sent to the address that originally sent it (or one of the addresses if there is more than one) as reported by blockchain.info UNLESS you can sign a message using that address to send it to another address.
I will charge an appropriate 1%~2% fee, depending on the amount of BTC collected by this ICO, deducted at the time I send the funds to the dev.
I will send the BTC to the GreenBacks devs only after the coin has launched, the wallet is working, the investors have received their GreenBacks, and the GreenBacks network has reached at least 48 hours in blocks AFTER the ICO. I think this is fair, if the coin is 2 days old and everyone got their GreenBacks, then I can release the ICO BTC funds to the devs.
For investors, what you could possibly lose is the time any coins you send until launch. This means your BTC are stuck until then.
For the GreenBacks team developers, you don't get anything until after 48 hours.
If GreenBacks agrees to these terms, then I will post a GPG signed message containing the bitcoin address for ICO. Investors may choose to remain anonymous, just send the BTC to the address indicated, and send me a PM with transaction details, preferably with a signed bitcoin message.
If you do not know how to sign a bitcoin message, please take the time to learn it.
I am not responsible for any coins sent anywhere except the escrow address shown above.
Thank you and have a nice day!
Dabs
Reminders:
1. Please send from a BTC address that you control, or can access the private keys.
2. Send me a PM or post here with your transaction details, preferably with a signed bitcoin message using bitcoin-qt or compatible wallet.
3. Don't forget to include a bitcoin transaction fee so your transaction gets confirmed and included in a block.
4. I am only responsible for coins sent to this address.
5. No refunds. Refunds are only processed if the coin fails to launch. Until then, no coins are moving.
For uniformity, follow this format when sending your IPO details:
1-your-bitcoin-address
Sent 5.05 BTC, ForumNick,
Email@address.comThe-signature-of-the-one-line-message-above.
Example:
1DabsXmraEr18jdEryck8jzcFku873xmRf
Sent 5.05 BTC, Dabs,
Dabs@bitcointalk.orgIDlni4Xn2vZyedLMPfjtj4TECBzqpCSSm4kqxpRPA9RW71ZANfVaZJLrIQdaU6Zup2kvVG8/QT8MugruXdU0nqk=
Then include the transaction details, either just the ID or a link to blockchain.info.
If you are not yet a member of this forum, send me an email to my address that signed the escrow contract. You'll figure out how to do this if you can verify my signature.
