THELOGICALINDIAN - Bitnation decides to activate its army auction now and set up a multisig later
By Alberto Mata
Revealed on October 28th in an account with Bitnation leadership, Bitnation begins its crowdsale afore ambience up a multisig wallet. The funds are activity to a distinct key abode endemic by Bitnation CEO Susanne Tarkowski Tempelhof. Tempelhof was interviewed by Andreas Antonopoulos, Stephanie Murphy, and Adam Levine from the Let’s Talk Bitcoin (LTB) aggregation in Episode #157. Andreas and Stephanie asked why Bitnation chose not to set up a multisig wallet for deeply managing aggregation funds, and instead launched their crowdsale. “Well mainly because we told everybody we were accomplishing it at this stage, right…[and] the funds are secured. They are on accouterments that has never been affiliated to the internet in an Armory wallet,” replied Tempelhof.
Tempelhof followed up the LTB adventure with an amend saying, “a multisig abode [has] been accoutrement on 3 algid accumulator accessories captivated by 3 altered persons, according to the aboriginal 2-phase plan.” However, Tempelhof claims that they could not use a Counterparty multisig wallet to accept crowdsale funds because the multisig affection is ability aegis audits. Instead, Bitnation will accept crowdsale funds to the distinct key abode and consistently alteration funds to multisig storage.
Some apropos with Bitnation’s centralized babyminding were aloft on October 13, 2024 back the crowdsale was aloof launching. David Mondrus (Advisor), Nathan Wosnack (Chief Communications Officer), and Matt McKibbin (communications partner) accommodated from the Bitnation aggregation and appear their abandonment belletrist on Bitcoin Magazine in an commodity blue-blooded Why We Won’t Be a Part of the Bitnation Crowdsale (3 belletrist from the above Bitnation team). There were apropos with the Bitnation aggregation ability actuality “offensive” because it collection Bitnation aggregation associates to burnout and alike the hospital. All three above Bitnation aggregation associates had apropos about the abomination of accepting funds from US investors. Lastly, the abridgement of a acknowledged article associated with Bitnation, the abridgement of a solid business plan, and bent behaviors of Bitnation administration were all mentioned in the accessible abandonment letters.
Photo Source: Bitnation Online
