Quote from: SolomonSollarsNSense on May 02, 2016, 01:21:49 AM

Quote from: PenguinsDancing on May 01, 2016, 07:20:25 PM

Disappointed.

Beware of "developers" that do not answer serious questions posed to them about their projects. Even an answer of "I don't know but I am working on it" is better than a continual stream of promotional material (a second sign of a questionable project). Compared to other projects that I have been following recently such as Digix, Slock.it/TheDAO and Augur, New Money seems very poorly organized and managed. The developers for these projects have much larger communities and have no problem putting out clear project goals and responding directly to community questions and criticisms.

As I see it right now, either Solomon is out of his depth but doesn't want to admit it; or he is actually just hoping to take your money and give you nothing back. In the end, there is not much difference between either scenario.

Before anyone shouts FUD again, please look back at my post history. I am not involved with competing projects, I am not a new member sock puppet, I have no history of trolling. I'm not very active on these forums, but when I am it is usually because I genuinely want to engage with people about the issues they face in their projects.

PenguinGenius thank you for your input but I believe you are being unfair in your analysis. Just because we are working hard in the background to complete some important tasks does not mean that nothing is getting done. Again people can believe what they need to but this project is geared towards a mainstream audience which you are not apart of and I know how to reach.

No other crypto project has so no one can claim to be an expert in that. I've proposed a different route. An Apple-like route.

We are gearing up to begin a campaign to reach them with what has been donated. Have you ever run a KickStarter before? Or a crowdfunder that did serious numbers? I have and posted one of my clients where our agreement for my services to them could be public. And that is what we are preparing to do again. And it does not take much. As long as you have a product people want. Now think about all that we raised going towards that...

Our goal for the crowdfunder is NOT to build some new blockchain. That is unnecessary and irrelevant. It is also why we have Bitshares. What our goal is is to take advantage of the American trend of cord-cutting and introduce what may very well be the "final nail" in Cable TV. That does not take blockchain. It takes $ense.

Some agree with that and some dont. But lets focus.

All answers of what is important and why we will use the route of a crowdfunder has been answered since the very beginning:
https://medium.com/@sollarsandsense/new-money-faqs-2d5e8e730caf#.os8ely7qd

A crowdfunder is still the immediate goal for this project and it will be taken up as the ICO completes. We are getting ready to shoot our content for the next phase. Thank you to all who donated. A super detailed roadmap will be released as things go on for the KickStarter phase. But right now I am focused on putting more important things together. Regards.

So, you're telling me that right now you are raising money so that you can raise more money from other people. . . and that this is the most important element of your project right now? That is basically a pyramid scheme.

I (quite reasonably) want to know what the ultimate pool funds will go towards. To say that my questions have been answered is disingenuous and the kind of answer you get from a developer who has no answers because they have no project.

Let's take these questions one by one, so it's not as overwhelming. We should start with the simplest and maybe most important question. If you don't have an answer to this, you don't have any way to provide a return to your backers.

Why should anyone give you/your organization 10-20% of the earnings from their films when this whole payment process could easily be entirely decentralized? What is that fee for and why should it not go to the content creators? In short, why do content creators need you at all?

I'll give you two examples to illustrate the problem:

1) Louis CK has a series online called Horace and Pete available for sale through PayPal or Bitcoin. This is a centralized model for selling content that exists right now without Sollywood. What can you offer him in return for the 10-20% fee you propose to take? Why would he, as content creator, provide his content through you?

2) Ujo Music is a decentralized service (a work in progress) that allows direct payments and content distribution between artists and customers without the need for centralized hosting or payment architectures. It will hopefully lead to a sophisticated micropayment system that works behind the scenes, so to speak, so that customers are charged only for the content they consume but without the burden of actively purchasing every piece of content themselves. This will most likely lead to services for other forms of media. THIS is the real "new apple" route that you keep trying to align yourself with. So, again, why would anyone use a service that takes a 10-20% fee when they have this option?