WhenHub SAFT (Simple Agreement for Future Tokens)

Dilbert Blog ^ | October 27, 2017 | Scott Adams

[2ndDivisionVet]

Today might be one of the biggest days of my life, and it will be impossible to explain why that is so unless you know at least a little bit about blockchain, dAPPS, cryptocurrencies, Ethereum, and the legal distinction between a Simple Agreement for Future Tokens (SAFT) and an ICO.

If those words look unfamiliar, one of the biggest technical revolutions the world has ever known is sneaking up on you. The folks in Silicon Valley — who live about three years in the future compared to the rest of the country — can’t stop talking about this topic. The smartest people in the Valley tell me blockchain will change nearly everything, and already is. It’s like “the Internet” before anyone had heard of the Internet. That’s how big it is.

One small example is that startups are raising funds by creating and selling their own digital “tokens” or “coins,” using blockchain technology, that serve as the payment mechanisms within their products. The tokens have an advantage over regular money in part because you can program simple rules for them using distributed apps, or dAPPS, to add function to your product. And blockchain brings its own set of advantages I’ll mention below.

In the case of WhenHub, a dAPP will trigger an automatic payment when certain conditions are met. The effect is to eliminate billing and invoicing efforts for micro-contracts while creating a distributed record of each transaction that is impervious to manipulation....

[Bobalu]

Look at this 2DV, it’s interesting.
https://zeronet.io/

Might make a nice backup for when FR goes down...