Thank you all for making this discussion live! The White Paper will be released on March 13, 2017.
In the meantime, we would like to answer some of the questions:
By design, The Bitcoin Movie will be a unique filmmaking experience. Token holders will have the opportunity to actively participate in the creative choices. From development to post production, you will have the ability to vote and decide on key film elements such as director, storyline, cast, etc.
The Bitcoin Movie is set to become the first film in history to use blockchain technology and smart contracts to run a film production.
This is the absolute worst decision making process imaginable for making a movie. You'll end up making the worst movie possible, what next, use blockchain and smart contracts to raise children.
Investing in The Bitcoin Movie will represent an equity stake in the production of the film where profits generated by the resulting film will be distributed amongst token holders. The Bitcoin Movie Tokens will give voting power to its proprietor and allow him/her to vote on important decisions in the filmmaking process. Therefore, The Bitcoin Movie represented by its token holders will take the position of a production company and financing entity. The Bitcoin Movie token holder's responsibility lies in hiring the right people for the job not to interfere in the work of experienced movie professionals.
Interesting project but my concern is once the film is completed, these tokens are worthless. Am I correct?
not if they share the potential profit with the token holders.
we will see.
Investing in The Bitcoin Movie will represent an equity stake in the production of the film where profits generated by the resulting film will be distributed amongst token holders.
The Bitcoin Movie? is it a film or just a name of your project?
must provide with the details to avoid confusion and get some inputs with regards to this project.
Interesting idea but a bit of confusing too.Are you going to make a movie on bitcoin or going to build a movie production house like Warner bros etc?Why you calling it bitcoinmovie and not blockchainmovie if you intend to use blockchain?
"The Bitcoin Movie" has been chosen to make the "working title" as generic as possible. In the end, the produced film title will depend on the script that will be chosen trough the decentralized filmmaking process described in the white paper that will be released on March 13, 2017.
Hope the given answers cast some light on our mission. The Bitcoin Movie is here for the community, not to take, but to give. Please feel free to continue the discussion. Any questions (and answers) are most welcome! As Albert Eistein once said:"The important thing is not to stop questioning. Curiosity has its own reason for existing." Yeah and you didn't answer on my last question....
What benefit for investors from this crowdsale? Will you share a part of the profit from movie or not? If tokens will need only for voting about decisions it's really stupid investment....