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This is a consortium chain with trusted nodes. It is therefore not an open and permissionless public blockchain. This may have many uses, but it is not competing with Ethereum. It is competing with Ripple, Bitshares and other distributed databases run by trusted parties.

is this a scam or Ponzi scheme? a lot of people say that. But if we look who are the person behind it, I think it's real.

No individual cap = money grab

Yeah, but I think it is revolutionary.

interesting, looks like they are marketing themselves as ethereum 3.0

Hard to trust some ICOs these days but the smart contract space is pretty full of future opportunity

GUI contract builder sounds like a cool novel approach to offer some visual programming system, i find with ICOs its super hard to invest in something that's not running in production in front of everyone.

For investing in the crypto coins that are stable and in production checkout the live forecasts at https://bitbank.nz

Ponzi pumping should not be supported on hacker news

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