Quote from: StinkyLover on January 04, 2017, 07:44:05 PM

Now all I see is a big fat greasy IPO/ICO.

You won't see that. It will be limited. And you will have to fight to get in (don't know yet how I will handle this, perhaps first come first serve and also a minimum BTC level perhaps 10 BTC). Maybe ~$1 million raise (maybe less, maybe slightly more because I haven't written down any budget yet nor analyzed all the factors). Not $5 - 18 million cashout as other devs have been doing (ETH, LISK, WAVES, etc). It will not be enough to cashout and quit. Look I am age 51 and I see this as the last major project of my career. I am bankrupt. $1 million is not enough for me to retire on. I have much higher expectations than that. I didn't put 4 years of my life into this for $1 million. I was earning (inflation adjusted) $1 million a year back in 2001 with CoolPage. My minimum expectation for my eventual long-term (over many years) cashout is $10 million, but I would like to go for $100 million. I am shooting for a $100 billion market cap social network. If we simply duplicate Ethereum's market cap, that would still be a success any way. I am not going to start pitching that now. Wait until there is a real working system that we can be boast about. Right now this is all just vaporware and I didn't start this thread. Nor did I instigate the OP to create this thread. I was shocked to see this thread. I had no desire to discuss this now at this premature stage.

It is just enough to see the project through to maturity of development. I will earn my cashout on the tokens I will hold (which should be worth a hell of lot more than $1 million by the time we are done). But I really want to refrain from making any predictions about investment or anything like that because runs afoul of SEC regs and I am a USA citizen (unless perhaps we only sell to qualified investors or I can find a proxy to handle the ICO for us who is not a USA citizen, but the more mouths to feed the more waste). Thus you guys can go on writing comments like this and I will simply have to not respond. But my silence won't mean I agree with your comment.

Steem reached $400 million marketcap. I think I have solved the design problems that plagued Steem. How much is fixing Bitcoin's scaling and decentralization worth?

Quote from: StinkyLover on January 04, 2017, 07:44:05 PM

Glad to see this is still being talked about. I'm still very sceptical.

I also have ideas that could change the world "if only I could get the funds to build a team of architects/programmers/marketers/executives". Sounds like big ICO talk with no guarantees. Sounds just like Ethereum (and so many other crowdsales). Gimme your money now and pray that I build exactly what I've said I'll build.

But that's the biggest problem. What you think you're building ain't always what's left on the table when the tools are put down. This will be building an unproven concept not a 3 bedroom townhouse where architects plans are exact representations.

That is a valid skepticism. Frankly I worry about that too. I worry most about my health and its impact on my production (which is why I spent the past week just doing intense sports and barbell and being in the sunshine but now here I am again working allnite and it is 5am here). And I also worry about my age and that I haven't coded a lot since I got ill in 2006. And I worry about the complexity of this project and the management load of all this. It seems quite huge and I wish I was in perfect health and more youthful excess of energy level. And the best way to conquer that is to do action. So that is why I will shut up and generate code. That is a confidence builder in itself. But the white paper was also just as important as the code and I did complete that. So that is already a confidence booster.

But for example whereas Ethereum never had a consensus system design ever locked down ever. Not even now. I have my whitepaper with the design all spelled out in great detail and locked down already.

And before any ICO, I will have something working on a testnet so tokens can be traded immediately after ICO.

So just compare to Ethereum with it's $18 million raise, never had a solid design, too many talkers not enough coders, hyperventilated project, etc. And what was ETH's peak market cap?

Yet Ethereum did have a lot of others helping and they had good marketing. I will get to that later. First we need to have code and a working system. I don't want to start with complete vaporware as Ethereum and others did.

Quote from: StinkyLover on January 04, 2017, 07:44:05 PM

I still remain sceptical that the project will ever get off the ground. All I see now is an upcoming ICO/IPO. A few of the popular guys on BitcoinTalk will get rich in crowdsale BTC while their faithful followers pray to turn a profit... someday. Doesn't matter if it works or not, just get that bugger onto the exchanges!

Didn't you profit big on the Ethereum ICO?

Quote from: StinkyLover on January 04, 2017, 07:44:05 PM

Shame because I was actually thinking something different might happen here with this one. I was expecting to see some code some day. Looking forward to eating my words (or maybe just stand wrong and strong - hadn't decided). Now all I see is a big fat greasy IPO/ICO.

Meh

It will be different.