Conceptually interesting, but I agree with other commenters that tying a public login to an anonymous currency via an unvetted 3rd party that holds it for 3 months sounds more like a bad joke than any kind of real service.
Huge signup friction, virtually no payoff.
Is this even within paypal's terms? I've seen them swing the hammer for less.
Hey Rick, Thanks for checking us out, and we added in the public login to drive a social gaming environment. We will rarely hold money for as long as three months, it is in case we have an account be of concern based on our security protocol. We will be publishing this security protocol in a white paper as well as adding in standard login. Skilled gaming is also allowed by PayPal and Coinbase, while gambling is not. Feel free to email me at sagar@koalah.co if you have any questions.
Huge signup friction, virtually no payoff.
Is this even within paypal's terms? I've seen them swing the hammer for less.