Re: 🎥📀📀 PUREVIDZ ICO - 43 HOURS LEFT- 2 ESCROWS - STREAMING TORRENTS

Quote from: Pure_Vidz on January 07, 2017, 03:30:50 PM

Quote from: coins101 on January 07, 2017, 10:34:53 AM

I'm still struggling with this whole website, crypto and investment thing. It just doesn't make sense.

Issue number 1: If you want your BTC investment to appreciate, you need to put it into a crypto wallet, which has no connection with the web site.

Issue number 2: if PureVidz becomes a success, it gets lots of users watching stuff, how does the ad money find it's way to crypto investors, without any form of auditing to know if the devs are stealing ad money or simply not declaring the ad revenue correctly? By definition, you can't trust a project whose stated aim is to steal from copyright holders.

Issue number 3: If PureVidz becomes a success, it becomes a take down target immediately. The 'investment' is just an illusion, as the project will never be allowed to gain momentum.

Issue number....you get the idea, there are lots of issues.

1: Yes and no. The value of the coin will appreciate as the site grows and the various burn/buyback/holding mechanisms kick in and as coin speculators gain interest in the project. Holding the coins in your own wallet (staked or even as a paper wallet) shields you from any changes or tweaks to the site. Our site contains no personal user identifiable data for that exact reason to ensure users anonymity and safety of their data (by having them protect their own coins)

2: We have mentioned earlier in the thread our intention to bring in a 3rd party auditor from the community to validate our fiat earnings to ensure reliability of our proposed buybacks and other site profit mechanisms.

3: These types of news articles are rather misleading... It references pirate bay being down but after years of attacks and government attempts to shut them down they rarely suffer more than minutes of downtime. We have discussed throughout the thread and in our whitepaper at length how we plan to ensure stability of the project. Namely the following core approaches.

-Route to new domain as needed: You can read the new host from blockchain, twitterapi or multiple other methods so when one domain or host is taken down it seamlessly re-routes to the new host.

-Back up site data to the blockchain: Magnet hashes are easily storable in OP_RETURN for example allowing the actual content of the site to be backed up in a decentralized method allowing the site to re-build from a catastrophic failure within minutes/hours.

-Indexing and tagging links is not illegal: we host zero copyright materials but rather index publicly available links to simplify how users interact with them. Yes, americans like to try to impose their ridiculous copyright laws on other countries but it's a simple fact that our site does not break any laws in the country we are located in nor the countries we will be hosting our multiple backup servers in.

Quote from: damiano on January 07, 2017, 11:36:20 AM

Dev you couldn't possibly have a back up of the site for if and when it gets big could you?

I wonder how current streaming sites solve this problem lol

I'm sure you haven't already thought of this have you?

Be good if blockchain tech could direct you to the newest domain if one got took down.

I would like to see escrow audit the revenue, will that be possible?

Most of your questions are answered above but let me quickly write a condensed response.

All site content and mirrors of the site will be decentralized through blockchain and various public APIs to instantly re-route users to whatever backup server is in use. If one server is interfered with or shut down for any reason there is little to no perceived downtime as it automatically routes to a new host with all content still in place.

THIS is why Im investing. Because the dev knows his shit.