Re: [ANN] BitHIRE (HIRE) | Freelance Market | Microtipping | Adverts

Yeah right not touching this price manipulated coin right now lmao. Nice trex pump and all, for those that will win...yet anyone buying now will lose and baghold. If this coin is real it is/can be promising though...but with that manipulation it REALLY turns ppl off knowing that isn't real btc pushing it up. Nobody knows about this coin and it flies just like that?? Roll Eyes

this.

Edit:

- poor website
- ANN has no technical info
- whitepaper is simply a marketing roadmap, NOT a whitepaper.
- oversupplied ICO
- code had SIX commits. Total. Trivial changes.
- pumped out of the gate

Why don't you post some real technical info? Why should freelancers even waste time w Bithire? Why no just list their services on CoinToPay, accept any crypto they want, and avoid Bithire bag holding entirely??

A whitepaper is not limited to only delivery of technical concepts. Its clear, you seem to be more technically inclined which is fair but again, building a service product doesn't require a full technical overview.

When the project started, we wanted to solve some problems we identified with current services for freelancing and we observed a niche that could be filled with our service.
Clearly, our website is different to CoinToPay and we've chosen to go about the route of settling directly in Crypto and not in fiat. I'm not going to go into depth why that has its benefits, we've all heard that before. Other services like fiverr have integrated crypto payments and also settle in fiat. Infact, they raised $60M in series D funding just do integrate this.

Many websites, reddit, zapchain changetip etc. have mechanisms for allowing micro-transactions and micro-tipping. And HIRE is in line with that idea. It also served as an opportunity for us to kick-start this project.

Whilst you could argue that users can perhaps get the same from other websites, I would argue that dealing with fiat is something we have chosen to sidestep and thus position ourselves as crypto-only. Furthermore, there is absolutely no reason why having more options to sell their services on other platforms is a problem at all. Especially given that the incumbent competition all settle in fiat and have some what of a oligarchy going on.

As for bag holding Bit hire, we are committed to giving holders the opportunity get real services on a platform where for once, they can do something with the coin instead of as you say bag holding. Again, it is another option and we are not a fault for giving people that option.

We have been running social media (see our twitter, facebook) for several months now, and I know plenty of community members here will back us up in saying that there is genuine interest in the project. I don't know and therefore can't comment on what happens with the coin out the gate, but what we're focusing on doing is continually to update the site and build something that people truly would like to use.

If you have further questions, I will do my best to answer them.

Thanks for the reply and i certianly am not questioning your commitment to the project (with a pump like that out of the gate why wouldn't you be comitted) but unfortunately your reply is a lot of words without the technical content I'm looking for / which is included in the OP or first few replies of most altcoin ANNs.

Can you please provide technical information about the coin itself and its underlying technology?

1. What makes this better than any other clone coin? The code in github doesn't show many changes from the standard clone coin that will be dumped in a month.
2. How are you storing data on chain? Are you even storing data on chain?
3. How are you protecting again bloat?
4. How are you securing buyer information?
5. Is buyer information stored on chain?
6. How do buyers and service providers communicate- is this in wallet or pushed to some third party service like email?
7. I see images on listings, are these stored on chain?
8. How does the "bitcoin integration" work?
9. How do you support buyers from fraudulent service providers? What happens if I pay for a gig but it is never completed, is there some refund or escrow mechanism to secure (what is essentially trustless) service provider/consumer interaction?

All of the above questions are things I would expect answered in a meaningful whitepaper, especially one that's about a crypto marketplace for freelancers. Some of these are very serious issues when it comes to a marketplace and marketplace security, speaking from experience here.

Your whitepaper doesn't touch on any of these, not even on a surface level, and that's ok- if you can answer the above questions. I'm looking for real tech innovation to invest in, can you tell me how $HIRE accomplished that in a meaningful way?

Please include specifics, and don't talk to the marketing plans, social media, the freelance community, how you'll make this coin valuable for everyone long term, your commitment, etc. While that's all good and well that isn't what I'm inquiring about. As the developer and distributor of a coin, answering these questions in a succinct and technical manner should be pretty basic. I've numbered them to make it a lil easy to tie you answers with the related questions- Thanks!

Danosphere

The coin itself is nothing particularly unique in terms of technical innovation. This however doesnt rule out implementing things like decentralised markets for which half of your questions relate to.

This was a conscious choice. Our aim was never to bring an underlying technical innovation to a coin, instead, we wanted to develop a platform for people to list their services and make money settled in crypto.

In a sense, $HIRE can be compared to what securities are for companies. Nobody asks what technical innovations one security have over another because their value isnt derived from being technically distinct. Value proposition aside, $HIRE was created as an opportunity for us to create something that people will actually find useful. How people want to assign value to what we produce against the value of the coin is down to the market, not us.

Despite this, we can figure out ways to make the ecosystem very worthwhile for holders of $HIRE, this would likely come in the form of $HIRE bonuses for referrals, activity based payouts, advertising payouts and even adjusted fee structures for $HIRE.

User information is secured using encryption with SHA512. We do not store funds on the same server as the site database so in the event that the site is compromised, neither funds or user information will be useful or available to attackers.

Buyers and Sellers communicate through the website. Email notifications will be sent when gigs are purchased.

Buyers are protected from fraudulent service providers through escrow, the number of days specified for delivery would be stated and locked in once the order has been made. In the event that there is a dispute, the order can either be cancelled by the seller or the dispute is raised and we will look at the dialogue ourselves to resolve the matter.

Finally, I know you are looking for investing into technical innovation, and that is absolutely fine, if you dont feel like we have anything unique, then absolutely just brush us aside.

I have left out answering some of your other questions because were not storing information on the chain. We dont believe everything has to implement decentralisation, however it isnt beyond the scope of the project to implement some of the mentioned features at a later date.

We want the site to be a bridge for people who wish to freelance, and we give them a low barrier of entry into dealing with crypto.

We did consider building decentralized markets, and some form of Smart Contracts protocol into the actual coin using multi-sig and Bitmessage and we may still go this direction after we are happy with the site.

As it stands though, you may not feel like investing for lack of technical innovations but we stand by the fact that we want to bring something useful to the community that simply doesnt exist in the way weve envisioned it.