It seems like you have a pretty solid plan for going forward but why do we have to wait for the next whitepapers and the demos as you call them. Why cant we see it all now and start using the site already.
There's a couple reasons for that.
We've built a fully working site internally for testing but a development site is not necessarily something you want users to have access to. We need to make sure it is stable, efficient and user friendly not to mention secure. The first public beta site will be available in the very near future. At the same time that site goes live with some public domain media for users to test the technology with, we will be posting our technology whitepaper detailing how the site and coin function, our plans for how the site will scale and how we plan to keep the site secure in the case of any attempts to take it offline.
By launching those two at the same time it will let people have something to get their hands on and try to prove we can do what we say we can and those who are technologically inclined can verify that the site will be usable at the scope we describe.
The second demo site is what we are working on now which expands the base site functionality with things such as submitting new media, the initial bounty system, searching, tagging, scraping sites such as themoviedb for descriptions and much more. This is where efficient scaling needs to be carefully considered because what works with 1,000 users does not necessarily function under the load of 10,000,000. At the same time this site is released we look to offer our financial whitepaper to give much more specifics of how the ecosystem will function. We've been active in the thread describing in layman's terms how everything will work but investors will obviously require a much more in-depth and precise document showing how coins are exchanged, burned and earned.
It's worth noting that the second demo site will have a global (very small) bounty on all media submitted so everything that is submitted during that phase will be rewarded after the ico ends. It offers us a chance to onboard members of existing torrent communities and get their feedback so any necessary adjustments to the site can be made before its final 1.0 launch.
After reading this answer id like to invest 1 btc. How do I do this? Do I need to make an account on the site, or contact one of the escrows.
Thank you for your interest. You would make an account on our site at
http://purevidz.net/ Funds submitted through the site are tallied, associated with your account and then sent to a 2-3 multisig wallet.
Im very new to all this, and by all this I mean bitcoin and bitcoin altcoins. Most alt bitcoins i have to buy or mine but do I understand it right that i will be able to seed a tv show series and get paid for doing that?
The coins are distributed initially through the ico and through the dev fund. To get more you will use an exchange, stake the coins you have in your wallet or participate in the site. During Beta-2 of the website there will be a small global bounty on all validated content submitted to the site. This simply means you submit a magnet link for valid media and name/tag it properly. Following the ICO those bounties will be paid out up to a maximum value.
In regards to post release coin redistribution and consumption I've detailed those above.