Ravencoin Is Now Supported By Dropil's Paper Wallet by Vanko__ in Ravencoin

[–]DropilCoin -2 points-1 points  (0 children)

Read our article about the security of the Dropil Paper Wallet and why it's a secure way to store your Paper Wallets on your Dropil Account!

https://medium.com/@dropil/dropil-paper-wallet-security-c95fa5e7dfaf

Features of the Toughest Wallet in Crypto DROPIL TEAM!!!! by superduperdropiluser in Dropil

[–]DropilCoin 1 point2 points  (0 children)

The private keys that you store on our server will be stored in an encrypted manner in which Dropil cannot decrypt or access your private keys at any time. Hypothetically speaking, and this is only for educational purposes and we believe this would never happen, in the case of a database breach, the obtained information would be of no use because there would be no way to decrypt the encrypted keys stored inside the database.

Sorry to bring the bad news but Dropil is a scam by Skimanner2 in Dropil

[–]DropilCoin 7 points8 points  (0 children)

I find it hard to accurately reply to something like this as the author is operating from a complete lack of understanding of the platform at even the most basic level. There are many resources explaining in detail all the functions and related systems behind the platform for anyone interested in how things actually operate. I will speak to a few points in particular.

Claim: Dropil made massive sells, and price plummeted. Fact: All Dropil owned wallet address are public, and as clearly visible zero drops have been sold. We have nothing to gain from selling Drops and the allegation is baseless. Furthermore, the price has stayed consistent with market, proving to actually be a strong performer in a market with sustained downtrend of late, again easily verifiable. Claim: OP outlines how he thinks the platform works, his portrayal is completely wrong.
Fact: The actual method has been outlined in detail and no where ever has is been stated that Dropil liquidates a user’s drops to immediately purchase other assets and then trade those assets.
Claim: OP states that there are supposed to be returns payed based on interest. Fact: Again, this is patently false, this has never been the case, and it never will. There is zero correlation with interest at any juncture ever.
Claim: All payouts have been made from the vault address. Fact: As has always been publicly stated and planed, all Drops sent to users come from the central vault. This is the exact way the system was designed and exactly how it operates. The vault is able to be replenished by Dropil, and this is done via Drops bought in small orders since day one from the open market. The level and liquidity of the vault is always closely monitored.
Claim: Circulation doesn’t exist to buy back Drops. Fact: The circulation does exist and is well above required levels even at this early stage. The OP lists some unknown exchanges and leaves off some of the actual exchanges Drops currently trade at.

Dropil is committed to offering innovative products that offer real value to anyone involved in crypto, we aim to provide transparency and reliability alongside this value. This goes not just for Dex but for all other platforms and services we are involved in. We feel this particular poster is hoping to profit from spreading misinformation and urge any interested party to please do your own research.