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> "how do people know who has how many coins, for a coin which has reportedly never shipped a working binary"? They have a MySQL type database that stores IOUs
by zelly 7y ago
> "how do people know who has how many coins, for a coin which has reportedly never shipped a working binary"?
They have a MySQL type database that stores IOUs for the people who bought the ICO tokens. They promise to deliver the actual coins once they finish the software, which in many cases has never happened. Others are less egregious than this and have working binaries on a testnet--the future main network is promised to deliver the actual functionality. There are a few coins (Cardano, EOS) worth multiple billions that don't have a mainnet or a working wallet.
- jki275 7y agoCardano certainly has both a working mainnet and a working wallet, and has for a couple of years. They are also running a testnet for their staking capability, which will promote to the main net eventually -- but claiming they're not running a live net and don't have a wallet is absolutely incorrect.
- Canada 7y agoEOS mainnet launched in 2018 and it certainly has wallets. As far as I can tell it does what they said it would do.