Quote from: Bl4ckw00d on February 01, 2017, 06:05:58 AM

There is currently a signature campaign which pays in btc. The twitter campaign I believe was paid in vidz.

Just because the project is gaining a bit of attention and trending up above ico price doesn't really validate whether this is or isn't a real project or not. After going through the whitepaper and seeing some of the scope of the project I invested. I didn't get in until after ICO bit am still happy with where it's going and the contributions by the DEV. If you don't see merit here that's fine . Some of us do. Feel free to check out some of the movies on the site though.

Oh and Bob, I agree. There should be something to incentive users uploading non request items for bounties. Things that will generate more hits and more views should be rewarded to some scale.

Thats that whole global bounty thing. look at the whitepaper.

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Bounties Ecosystem
Bounties are a great way for users of the website to influence what is added and to ensure that content is added at a healthy rate to the service to keep users entertained and the site running smoothly. To help with this, there are actually a number of types of bounties each of which work in slightly different ways. Contributors to the site may always view a list of available bounties ordered by their value. When these requests are filled and a moderator confirms the content is working, properly formatted and properly tagged then the bounty is split between the person who submits the torrent (75%), the moderator who reviewed it (12.5%) and the development fund (12.5%).

All users who have registered an account on the website will have a trust value based on how accurate their submissions, reviews and ratings have been in the past. Users with high trust ratings may be offered moderator status. Moderators are unable to review their own submitted content and will be removed and blacklisted if they incorrectly approve fake/misleading content.

User Bounties
Any user on the website may place a bounty for items not currently indexed. These bounties are combined between users increasing the visibility of content that has been requested by multiple users. To place these bounties, users will search for an item that they wish to be added to the site and then specify how many VIDZ tokens from their balance they would like to use. After a confirmation window the bounty will be placed and the VIDZ removed from their account. If a bounty is not filled within 30 days then the bounty is canceled and the tokens are returned to the users web wallet.

Global Bounties
Tokens in the development fund are accumulated through user submitted bounties, buyback programs and VIP membership renewals. Every time the fund reaches a certain threshold a new global bounty will begin. Unlike user specified bounties, global bounties assign a fixed number of coins to be distributed among all content added to the site during a specific time period. For example if a 7 day 100,000 VIDZ global bounty begins then at the end of the 7 days these tokens are split equally among all content submitted and approved to the website during that time period. Movies are valued at a 10:1 ratio to television episodes for obvious reasons.
These global bounties act as a way to healthily re-distribute the currency among users who are actively submitting content to the site and allows large amounts of new content to be made available at key times of the year. For example we would be able to trigger specific global bounties encouraging users to upload christmas movies near the holidays or summer blockbusters during the summer.

VIP Requests
When a user purchases VIP status, 60% of the coins are sent to a burn address with 40% being assigned to their request weight. VIPs may request as many new items to be added to the site as they wish without spending any VIDZ with our system automatically assigning a bounty based on how many items they have been requested and their current request weight. The math behind request weight takes into account how many items the user has requested in the month, the bounties already existing on those items and their perceived scarcity.
For example, requesting a newly released summer blockbuster will increase the visibility of the bounty but will not add a significant amount of VIDZ to it as the likelihood of it being submitted regardless is very high and the number of other bounties placed on it are already significant enough.

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