Quote from: Mr.Ease on February 06, 2017, 05:06:29 AM

Quote from: asphyxia on February 06, 2017, 04:52:08 AM

Hey guys, this is pretty damn important and might be confusing so don't skim.

For sake of simplicity, we will refer to my partner as "PV". Many of you know me as the one to give updates on bitcoin talk and the one who interacted directly with the escrows. Both PV and I are developers, we both use the Pure_Vidz account. He is aware that I am posting this and has already read the post ahead of time.

I mentioned before, there's been a lot in hurdles and to think about when defining the scope of this project. Pure Vidz started out with actually a very narrow scope. Briefly summarizing it was to create a super user friendly video index website for Web Torrents as no one had properly done this before and streaming itself was a huge market, this is PV's vision. The purpose of the site was to remodernize torrents to current era where everyone is use to simply logging onto Netflix to watch something as opposed to in the past when you had to actively seek out a torrent, make sure it wasn't something suspicious and then actually download the file before playing it... or stream it in some crap quality via flash.

As we continued to move forward and I saw the limitations with the Web Torrent technology, especially the bottle neck in terms of explaining to users how to submit content to the site, lack of seeders via Web Torrent, etc. I continued research in terms of IPFS eventually to a point where I felt comfortable advocating it become the primary content mechanism of Pure Vidz. We jumped the gun on this but we weren't really sure how IPFS would handle in a production environment.

It wasn't before long, that I started speculating on how far we could really push the limits of project through properly leveraging blockchain based technology and IPFS and if you go as far back enough, you'll see I've mentioned full decentralization was being considered...
https://bitcointalk.org/index.php?topic=1696889.msg17627951#msg17627951

Unlike PV I feel we shot ourselves in foot with our early limited scope but we never imagined either how much support we would receive for our project. This has let to numerous disputes for a while now which we've peacefully resolved in way that we feel will best benefit the community.

Pure Vidz is being forked into 2 seperate projects. PV has stated he has no interest in revising the goals of the project where I feel like we're throwing away a huge opportunity by not doing this. We've come to the fair agreement I can keep a portion of the dev. fund as well as around half of the remaining btc funds in to pursue my project but this is where things get awkward. Essentially, we'll be competing against each other to some degree as there will be direct overlap. Neither of us retain full ownership of the private codebase, so we've decided we can both continue developing on it as we see fit.

On my project going forward, VIDZ will be swappable via a proof of burn to a temporary coin. All VIDZ that I hold will be burned as well. I say temporary because for my goals to be realized it requires specialized blockchain development. The EVM just isn't going to cut it, nor do I want to be attached to constant political drama of Ethereum. More importantly no existing blockchain can go about the direct integration I want with browsers. The temporary coin will eventually be 1:1 swapped to the entirely new blockchain being developed when its production ready.

Briefly summarizing some of my goals going forward that Pure Vidz doesn't currently address:

Full Decentralization → Legal Compliance
Open Source Transparency
Incentive to add content that doesnt have a bounty
Continue to be rewarded for your content even after it's been added
Not only focused only on video based content

I'm not out to sell people hopium. I am a strong believer in presenting a tangible product early on which can use the temporary coin opposed to leaving investors in the dark where they can't actually feel or try what's being developed. There will very soon be an entire thread/post/document dedicated to defining the scope of what I hope to achieve and what is to come. Going forward, I will continue to use this account and have relinquished the Pure_Vidz account to PV's exclusive use going forward. It's very possible both projects could become prosperous in time.

Rather than ask questions here an go potentially far off topic, if you would like to speak directly Slack and Skype are a bit out dated - get modernized: https://discord.gg/PtXzUVr

Thanks for reading.

WTF.. you ambitious retard. The project is mid pump and you release this news..?
F off I'm out

i agree. total f'in retards. im out!