Today was suppose be the other big ico of the month with civic, an identity protection platform. Seemed promising, more promising then status in my opinion however looking back on today's events, Civic may go down as the worst ico in bitcoin history.
First off, why launch a mobile ONLY platform? Honestly i was excited about the $25k investor cap but do i really want to send $25k into an ico over my cell phone, really? Do i even want to send $5k like that? Maybe it's just me but i make all my major investments and transactions on my laptop for so many reasons like security, functionality, tracking and the list goes on and on. Good thing They only had $500 positions available shortly after the launch so i don't need to worry about losing to much money chasing this unicorn.
How about the mobile app required to participate? Great demonstration of why bug bounty programs are so valuable. Why have a QR scanner that doesn't work for almost Everybody? And how many phones were not compatible?
The line concept was another almost brilliant idea that failed miserably. Got my position in line first thing when the ico launched and literally 5 hours later i get the email that I'm next and i have 10 min. to respond, what? Thanks for being understanding of my 5 hour wait, i will immediately pull off the freeway and send you my $25k while I'm parked at this burger king in the ghetto!
Why the heck are so many transactions being rejected? Is it me? I have only been trading bitcoin for 3 years now, maybe I'm doing something wrong? Double check the address, the data field, increase the gas, still nothing. Let's email them Again, even though they have not responded to my previous 2 emails, they may respond this time since i'm trying to send money. Who thinks they responded?
Civic updates the message on the site blaming network congestion which is so lame it's aggravating. I completed 2 other transaction by this timeboth over the Etherum Blockchain and with far less gas. Both transactions were slower then usual since each took about 15min. Maybe my transaction window expired since its like 2 hours later, Let's just get back in line a try one more time.
Wait, no, your taking a 3 hour break to catch up,huh?
Ok the break is over the line is moving and i only have 11387 people i front of me, Let's do this.
45min. later they close the ico do network congestion and the coinsbase fiasco. Um you don't even accept coinbase deposits and your instructions say "DO NOT SEND ETHER FROM COINBASE"... I'm soo confused now, what's going on.
Civic, you suck and i have no confidence in what your trying to accomplish. Stick with gift cards.
They launched 70% full with $22m sold coming out the gate and only raised 6m the entire day? Status raised what $270m in 3 hours.
You guys failed and need to be honest as to whats the problem.
Instead I'm going with NVO. We need more decentralized exchanges especially after what coinbase did today. That's another post, my rant is finished now. Thanks for listening.
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