Quote from: AlexTheGreat on January 13, 2018, 07:40:38 PM

Hey Phil,

Correct me if I'm wrong but I think people do not understand the value of your token; what you did is decentralizing the value of the database you are willing to build with the community adding information & feeding it; the aim is to use all this decentralized information to open the doors of augmented reality in our economy; which make damn a lot of sense as everybody will be incentivized by adding inputs & the more the community is active, & the more devices such as Lampix or new applications are created & using it, the more the ecosystem is valuable; the more the token is damn valuable

With the lampix device offering the first applications to exploit this database;

In other words, it is a bit like if Facebook was just an application using private information protected in a blockchain-based set of rules & architecture; which is not the case as Facebook value lies directly in its database; they chose the centralized business model to protect their value (and could be destroyed by a decentralized social network as we don't like how Facebook make business thanks to us, and we don't receive any benefit).

I mean, the core value of your business is should be described in this way : "The token represent the value of the database which we have decided to decentralize to make its own contributor its beneficiaries, at the opposite of Facebook, Google & co : the most valuable part of these companies are created by you, but owned by them. We decided to give the value to the contributors and to use our device to leverage its value, in real economy; and other companies that we will exploit it will have to pay to obtain these tokens with increasing value"

Because your techno is amazing but the way you describe the value of the token, make it totally undervalued.

Do we get along with this description? If so, do not hesitate to get in touch with me if you deem it to be useful; my job as an M&A analyst is basically to help entreprenors clarify the way they describe the value creation of their projects.

We believe the tokens value will be better realized once the ecosystem is built, continued exposure is gained, and additional exchanges are added. We are working on all three. Remember the market value right now is pre-mining and pre-ecosystem. We are looking at creating real value with real innovative technology which tends to take longer than simple pumps.

You are correct in saying that most people don't understand at first the use of the token and concept of incentivized systems, I believe not just with our token but in general. This I believe is partially due to the enormous amount of tokens that have been created recently, which has brought skepticism within the community about whether certain tokens are necessary or whether they are just taking advantage of the cryptocurrency craze. So it is necessary to explain the use case of our token. This is explained in our whitepaper and FAQ and I have been working on explaining this succinctly within our communities as well (as I know that most people tend to skim through or not read whitepapers at all).

The incentivized concept itself is very simple, like you mentioned the Facebook example became popularized because of Zuckerberg's leaked messages to his friend regarding his ability to get everyone's information because they volunteered it for free (which was stated in a very profane matter gaining notoriety). While it's not an exact comparison as some can argue that there is some social-value in posting content to Facebook, the idea of receiving payment for contribution to a system that is receiving billions in advertising is appealing in a society that is shifting towards automation and where there is value to finding income through alternative means. This probably follows closely how BAT (Basic Attention Token) will work as well. All of this is still new so the more projects that follow this concept and the success of them will help more people understand and adopt.

Another way to look at it is as a decentralized marketplace. Earn PIX tokens by providing image datasets and by voting on integrity of the datasets (which is a safety against spamming), the demand for the datasets are from companies, projects working on computer vision, machine learning, researchers, developers. The demand should continue to gain as technologies in computer vision and machine learning grow. Additional value can be created outside of the ecosystem as well through markets of course.

Thanks for the post as this is an important discussion I think but it's not something that is at the forefront of the crypto community. I think Lampix is a unique project because it can merge the crypto community, tech enthusiasts and people interested in studying incentivized ecosystems/marketplaces. All of these things are both new and exciting with great potential.