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RE: Blockhive ILP instead of ICO!
Now this, this sounds interesting as an investor myself I hope to see more and more of this happening.
How is the company or owner/creator held responsible to continue to repaying the annual profits out is it within the blockchain itself to do so ?
i came across this when reading through. If interest can be earn if the project makes money, what It the project did not or it finally collapse, what will be the outcome, will the capital be return or lost?
Sounds like your out money if it goes down which is normal for any investment.
it would be solid though if there was something written in the blockchain that just auto paid out investors on the profits month, daily etc.
Oooh
This is also what i want to know... i don't want to be the next carlos screaming BITCONNNECTTT!!
Yeah, this is kind of what is expected from ICO so if there is no automatization or legal contracts that ensure the behavior, it doesn't really offer anything new.