I'm confused to why this project is a good idea. It seems like they are collecting funds on behalf of a third party without that third parties consent and then distributing those funds, again without third parties knowledge or consent. As much as the project seems to have good intentions, insisting that It's BitCoin, BitCoin is different doesn't mean your product is actually exempt from rules and law. Or that Bitcoin…
Can you point to where they believe they are immune to the rules because they're using Bitcoin? To me it just looks like a badly implemented concept that happens to use Bitcoin. I'm not seeing any Bitcoin exceptionalism here.
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arsenische - Do I need to learn all the laws of all the countries before publishing anything online or may I just use the common sense and conscience please?
mitsuhiko - To be honest: when it comes to handling money I would assume so. If this website would be dealing with a real world currency you would have a bunch of problems on yourself at this point. Most people would avoid holding funds on their books for an unlimited amount of time.
Don't build software you have to opt-out of and you have a lot less problems on your hand. Right now, this is dangerously close to being sued by someone.
arsenische - That's why this kind of project is hardly possible with traditional money. This project was created during a 48 hour rails rumble competition. The beauty of Bitcoin is that everybody can use it to create something during a weekend.
This is not a commercial project, we don't have resources to hire lawyers and accountants.
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From this it seems that not only do they think it avoids legal issues, but they do not consider publicly raising bitcoin to be a commercial project that needs lawyers or accountants.