[Video Blog #57] – Smart Contract Backdoors & Bancor – The Proof?


Please watch my latest video above for my perspective and review.

Backdoors do have their uses however in an unregulated market we need more disclosure and language that allows investors more clarity on what they are about to engage with.

I am not saying that Bancor will act inappropriately or otherwise, what I am identifying is that we, as a collective, need to be more diligent in understanding our position in regard to the smart contracts and potential risks via backdoors and the small print hidden amongst the code.

I feel there needs to be a “DECENTRALISED WITNESS DRIVEN” regulating body that verifies all elements within each smart contract and allows full interpretation and legal ramifications to be made clear the general public and all investors.

Full disclosure is required in a format that anyone can understand.

Following are the three Bancor backdoors.

READ FULL ARTICLE

Can someone verify these to be true or otherwise?

What are your feelings on this matter?

Let me know what you think of my video and comment below.

Follow Sebastian – @sebastianjago

Have a great day!

~Sebastian


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About Coach Sebastian
About Coach Sebastian
Sebastian is considered a serial entrepreneur starting his first business at the age of 12 and enjoying the challenges of business for over 30 years.

He has a passion for creation and believes strongly in process, self awareness, and diligent planning and is here to make an impact in your life.

Sebastian is the Founder and CEO of 6 startup companies and has travelled to over 24 countries with the aim of self exploration.

He has also dedicated his most recent stage in life to coaching people towards better lives via coaching & gym network.

He has played world cups for his country and is discovering more about himself each day via the diversity of information available to him.

Sebastian now seeks to guide and support more people towards better living and high states of awareness.

"A movement towards a #betterLIFE" ~ Sebastian

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