Crypto assets may one day reduce demand for central bank moneyDong He, International Monetary Fund (IMF)
Please read, and agree to, the following before proceeding.
Resistance is not responsible for the security of your devices. If one of your devices is breached, you could lose both currency and contracts.
Resistance is not responsible for how you operate online. If you break any laws, betray the trust of another user, or behave unethically while using the platform, you will suffer the consequences.
The user expressly knows and agrees that the user is using the Resistance platform at the user’s sole risk.
The user represents that the user had an adequate understanding of the risks, usages, and intricacies of cryptographic tokens and blockchain-based open-source software, Resistance, and the Resistance coin.
The user acknowledges and agrees that, to the fullest extent permitted by any applicable law, the disclaimers of liability contained herein apply to any and all damages or injury whatsoever caused by or related to risks of, use of, or inability to use, the Resistance platform under any cause of action whatsoever of any kind in any jurisdiction, including, without limitation, actions for breach of warranty, breach of contract or tort (including negligence) and that neither Resistance nor the Resistance Team shall be liable for any indirect, incidental, special, exemplary or consequential damages, including for loss of profits, goodwill or data.
Some jurisdictions do not allow the exclusion of certain warranties or the limitation or exclusion of liability for certain types of damages. Therefore, some of the above limitations in this section may not apply to a user. In particular, nothing in these terms shall affect the statutory rights of any user or exclude injury arising from any willful misconduct or fraud of Resistance.
The following Terms and Conditions (“Terms”) govern the use of the Resistance open-source software platform (“Resistance Platform”). Before any use of the Resistance Platform, the User confirms to understand and expressly agrees to all of the Terms. All capitalized terms in this agreement will be given the same effect and meaning as in the Terms. The group of developers and other personnel that is now, or will be, employed by, or contracted with, Resistance (“Resistance”) is termed the “Resistance Team.” The Platform will be developed by persons and entities who support Resistance.
The user acknowledges the following major risks to any use of the Resistance Platform and expressly agrees to neither hold Resistance nor the Resistance Team liable should any of the following risks transpire:
Regulatory Actions in One or Multiple Jurisdictions:
The Resistance Platform could be impacted by one or more regulatory inquiries or regulatory actions, which could hinder or limit the ability of Resistance to continue to develop the Resistance Platform, or which could block or restrict the ability of a User to use the Resistance Platform.
Unendorsed, Alternative Resistance Networks
There is a possibility that alternative Resistance-based networks could be established, which utilize the same open-source source code and open-source protocol underlying the Resistance Platform. Resistance-based networks may compete with Resistance, which could potentially negatively impact the Resistance Platform.
Lack of Interest in the Resistance Platform or Distributed Applications
It is possible that the Resistance Platform will not be used by a significant number of external businesses, individuals, and other organizations and that there will be limited public interest in the creation and development of distributed applications. Such a lack of interest could impact the development of the Resistance Platform. It cannot predict the success of its development efforts or the efforts of other third-parties.
The Resistance Platform Does Not Meet User Expectations
The User recognizes that the Resistance Platform is under development and may undergo significant changes at any time. The User acknowledges that any expectations regarding the form and functionality of the Resistance Platform held by the User may not be met upon release of the Resistance Platform, for any number of reasons including a change in the design and implementation strategy and execution of the implementation of the Resistance Platform.
Potential Security Vulnerabilities
The Resistance Platform rests on open-source software, and there is a risk that Resistance or the Resistance Team, or other third-parties not directly affiliated with Resistance, may introduce weaknesses or bugs into the core infrastructural elements of the Resistance Platform causing the system to lose Resistance tokens stored in one or more User accounts or other accounts or lose sums of other valued tokens issued on the Resistance Platform.
Breakthroughs in Cryptography that Could be Used to Exploit the Resistance Platform
Cryptography is always advancing. Developments in code-breaking, quantum computing, AI and other fields, could jeopardize the security of cryptocurrencies and the Resistance Platform, which could result in the theft or loss of Resistance tokens. As much as possible, Resistance intends to update the protocol underlying the Resistance Platform to mitigate any advances in cryptography and to incorporate extra security measures, but it cannot guarantee that any security updates will be initiated in time or successfully.
Potential Mining Attacks
Just as is the case with many other cryptocurrencies, the blockchain used for the Resistance Platform is vulnerable to mining attacks, including but not limited to:
Any successful attacks present a risk to the Resistance Platform, expected proper execution and sequencing of transactions, and expected adequate performance and sequencing of contract computations. Despite the efforts of Resistance and the Team, known or innovative mining attacks may be successful.
Quick Implementation and Inflated Demand
If the Resistance Platform is rapidly adopted, demand for Resistance tokens could increase intensely and at a pace that exceeds the rate at which miners can create new tokens. Under these circumstances, the entire Resistance Platform could become destabilized, due to the increased cost of running distributed applications. In turn, this could dampen interest in the Resistance Platform and Resistance tokens. Volatility in the demand for Resistance tokens could lead to an adverse change of the economic parameters of a Resistance-based business which could result in the company being unable to continue to operate economically, or to cease operation.
Quick Implementation and Insufficient Computational Application Processing Power
If the Resistance Platform is rapidly adopted, demand for transaction processing and distributed application computations could increase intensely and at a pace that exceeds the rate with which miners can bring online additional mining power. Under these circumstances, the entire Resistance Platform could become destabilized, due to the increased cost of running distributed applications. In turn, this could diminish interest in the Resistance Platform and Resistance tokens. Insufficiency of computational resources and an associated rise in the price of Resistance tokens could result in businesses being unable to acquire scarce computational resources to run their distributed applications. This would result in revenue losses to businesses or even cause businesses to cease operations because such operations will have become unprofitable.
Acknowledgment, acceptance of all risks and disclaimer of warranties and liabilities:
THE USER EXPRESSLY KNOWS AND AGREES THAT THE USER IS USING THE RESISTANCE PLATFORM AT THE USER’S SOLE RISK. THE USER REPRESENTS THAT THE USER HAD AN ADEQUATE UNDERSTANDING OF THE RISKS, USAGES, AND INTRICACIES OF CRYPTOGRAPHIC TOKENS AND BLOCKCHAIN-BASED OPEN-SOURCE SOFTWARE, RESISTANCE, AND THE RESISTANCE COIN. THE USER ACKNOWLEDGES AND AGREES THAT, TO THE FULLEST EXTENT PERMITTED BY ANY APPLICABLE LAW, THE DISCLAIMERS OF LIABILITY CONTAINED HEREIN APPLY TO ANY AND ALL DAMAGES OR INJURY WHATSOEVER CAUSED BY OR RELATED TO RISKS OF, USE OF, OR INABILITY TO USE, THE RESISTANCE PLATFORM UNDER ANY CAUSE OF ACTION WHATSOEVER OF ANY KIND IN ANY JURISDICTION, INCLUDING, WITHOUT LIMITATION, ACTIONS FOR BREACH OF WARRANTY, BREACH OF CONTRACT OR TORT (INCLUDING NEGLIGENCE) AND THAT NEITHER RESISTANCE NOR THE RESISTANCE TEAM SHALL BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY OR CONSEQUENTIAL DAMAGES, INCLUDING FOR LOSS OF PROFITS, GOODWILL OR DATA. SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES OR THE LIMITATION OR EXCLUSION OF LIABILITY FOR CERTAIN TYPES OF DAMAGES. THEREFORE, SOME OF THE ABOVE LIMITATIONS IN THIS SECTION MAY NOT APPLY TO A USER. IN PARTICULAR, NOTHING IN THESE TERMS SHALL AFFECT THE STATUTORY RIGHTS OF ANY USER OR EXCLUDE INJURY ARISING FROM ANY WILLFUL MISCONDUCT OR FRAUD OF RESISTANCE.
Brief Network Incoherence
It is our recommendation that any groups handling large or essential transactions to maintain a voluntary 24-hour waiting period on any Resistance tokens deposited. In case the integrity of the network is at risk due to issues with the clients, we will aim to release patches with a sensible timeframe to address the issues. We will endeavor to provide solutions within the voluntary 24-hour waiting period.
Resistance is not liable for:
Any comparable unforeseen event that results in performance becoming commercially improbable.
I disagree / I agree, let’s proceed