Post
Topic
Board Announcements (Altcoins)
Re: [ANN] - THE BITCOIN MOVIE
by
TheBitcoinMovie.com
on 19/03/2017, 22:51:12 UTC
Hahaha, 'The Bitcoin Movie', crowdfunded and collaboratively developed using Ethereum, lol.

Bitcoin will always be Bitcoin, but currently Ethereum is the most advanced and secure way for token issuance and smart contracts implementation available.

Seriously though, its an interesting idea and it would be fun to be involved in it, but 13,000 BTC as a minimum goal for a stage 2 ICO seems so ambitious that I'd feel like I was wasting my money on stage 1 because it would end up never happening.

Glad you find the idea interesting!

In our view The Bitcoin Movie should target an important budget. Low budget indie films, with exception on the horror genre, rarely make money for their investors and opting for a low budget film would make The Bitcoin Movie an unattractive investment option. A budget of 13,000 BTC almost certainly guarantees the onboarding of a distinguished director, reputable lead actor and supporting role - all very important factors if you want to sell the movie to distributors globally.

The downsides (and benefits) of conducting multi-stage ICOs are evident, but we believe this is the course that needs to be taken.

Also, how do you plan to identify unique token holders for voting? I presume that means there must be some KYC in order to buy tokens?

We all know there is currently no proper way of proving the unique identity of someone in a trustless manner and some are working on this issue. Therefore an account registration will be required to join the crowdsale and a user identification method similar to the ones used by online gambling and betting sites will be used to enable voting rights to token holders.