Re: [ANN] VISIO COIN - ultimate video streaming & sharing platform
That brings us to the 75 BTC. I'm sorry but I just can't believe you about this. I can't quote it so I'll just link it
https://bitcointalk.org/index.php?topic=1802371.msg17964679#msg17964679
I am a long time member of the Crypto community. The ICO is real and I also participated after seeing Sindren's ability during the problem with Vidz.
ICO was announced in a thread of purevidz early.
https://bitcointalk.org/index.php?topic=1696889.msg17949098#msg17949098
Because I trusted his ability, ESCROW was not necessary for me.
The investor in other early stages is same, too.
So ICO was sold-out early.
I am not doubting the 75 BTC exists, I am doubting the reason Sindren claimed he didn't use an escrow. He claimed the reason he didn't use an escrow was them over charging him for 10 BTC which we know is simply not true as many escrows are willing to provide their service for much cheaper.
Hello, thank you for taking the time to write such a detailed comment. It has been mentioned in the Slack as well that the complete ANN/Roadmap will not be published until after the launch of the prototype service. After the launch of the prototype the full ANN/Whitepapers will be revealed and translations to over 5 major languages will happen (contributors already lined up)
It is your choice whether you want to consider the ICO legitimate or not. There have been several unique users who have come out in support of the ICO stating that they had participated in it regardless of how brief it was and it was expected knowing Sindren's background.
The topic of security that comes with the ICO process that was used has to do with the recipient Bitcoin ICO address that was assigned to each participant. There are still several million Visio that have not been claimed by ICO participants and the dev wants to wait until all the Visio is claimed before publicly disclosing the receipt addresses so there is no chance that there will be any fraudulent claims on an ICO account (dev is busy full-time with development and does not want to be stressed by anything other than a simple streamlined distribution process).
It is your choice whether you want to consider the ICO legitimate or not. There have been several unique users who have come out in support of the ICO stating that they had participated in it regardless of how brief it was and it was expected knowing Sindren's background.
The topic of security that comes with the ICO process that was used has to do with the recipient Bitcoin ICO address that was assigned to each participant. There are still several million Visio that have not been claimed by ICO participants and the dev wants to wait until all the Visio is claimed before publicly disclosing the receipt addresses so there is no chance that there will be any fraudulent claims on an ICO account (dev is busy full-time with development and does not want to be stressed by anything other than a simple streamlined distribution process).
Can you explain how and why this isn't an issue for any other crowdfund?
You must understand, this is not a silly game where we try to push out as many features as possible in a one or two month time span in order to increase the hype and value. There is a longer term project that consists of several phases.
It is essential to provide tools and basic functions to our userbase regardless of whether other coins in the past have attempted to provide similar features.
When a feature such as encrypted messaging is considered, what may come to your mind if you were a dev would be - 'Which coins are using this? Did their price go up when they revealed the feature? Would my price still go up if I revealed it?
What comes to my mind is the scams and shitcoins that keep trying to slap whatever flashy thing they can into a wallet and claim it's some sort of cutting edge technology.It is essential to provide tools and basic functions to our userbase regardless of whether other coins in the past have attempted to provide similar features.
When a feature such as encrypted messaging is considered, what may come to your mind if you were a dev would be - 'Which coins are using this? Did their price go up when they revealed the feature? Would my price still go up if I revealed it?
Maybe you are used to some fancy Roadmap saying 100 things stretching out months into the future. Those who spend more time working and less talking on chatroom all day instead of developing are usually more clandestine and patient.
I'm use to useful milestones being on a roadmap, not things that other projects have done that are entirely open source that can be easily reproduced by referring to their code or copying and pasting it all together.We are not insecure, we have no reason to go attack other coins regardless of the flaws they have in their propositions or in their origins. We know what is going to happen in the coming weeks and soon you will simply be astounded at the amount of traction and support that the Visio project receives.
You are going to be pretty surprised at whats going to come, I can assure you that. How difficult do you think metadata retrieval and indexing with a corresponding IPFS hash is?
How difficult do I think it is? Pretty trivial given the code for it is already open source You are going to be pretty surprised at whats going to come, I can assure you that. How difficult do you think metadata retrieval and indexing with a corresponding IPFS hash is?
https://github.com/coinspark/php-OP_RETURN
https://github.com/stolendata/rpc-ace
ICO Escrow - You can choose to believe what Sindren said about the fee structure or not. The matter of importance is that the dev should have access to the ICO funds from day one. Its not making sense seeing these other coins receive ICO funds as they release features.
Does this mean that they have the capability to release features without any expenditure and that they are unlocking parts of the escrow just as a reward for their work?
Our dev is a lead engineer in a reputed technical consulting organization and he has put his day job aside for the sake of this project. If you go back into the Vidz archives as well you can see him talking about how he was taking time off of work to build new features for the community.
This front-end design was no piece of cake, there was a tremendous amount of work put into an aesthetic but pragmatic design and there will be lots of work moving ahead. Who is going to pay for any technical consultants or graphic designers? This is not a one-man army activity. The dev already has a team and he has to compensate them including himself.
This ICO 75 Bitcoin is peanuts compared to what the dev fund would be if this idea is executed properly and the dev knows that. Vidz itself hit a 3 million dollar market cap on a product that was not even 30% functional.
This is not like 99% of the other crowdfunds where the devs have no expenses, and can already code whatever is required with no real overhead costs. Once again we can agree to disagree here as only time will tell.
"What comes to my mind is the scams and shitcoins that keep trying to slap whatever flashy thing they can into a wallet and claim it's some sort of cutting edge technology."
We have made no claim of cutting edge technology yet, as we have said several times this is not even the complete roadmap and no one really has any idea of the scope of the project. I do not blame you at all for your cynicism. Once again only time will tell.
"How difficult do I think it is? Pretty trivial given the code for it is already open source "
You are correct, its not difficult at all. So I can't see why won't have any of the USPs pretty soon that any other IPFS coins use as their claim to fame... metadata
The conclusion is - within the first 1/2 month the priority is really the user adoption of the Visio Browser based platform. Immediate goals include certain traffic targets and range of demographic audience
There will be much more information to come. We have not even hit an exchange yet. Thank you for your constructive feedback, you are asking many questions that need to be addressed in a public forum