Author Topic: [ANN] BITSHARES n BEYOND DAC [Sollywood TV + Sollars and Sense]  (Read 10468 times)

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Offline Akado

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You should find this interesting http://www.watchmybit.com/Home/About people pay per view and content creators get paid.
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Offline liondani

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I respect your passion and work!
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Offline luckybit

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    To The Entire BitShares Community and Our Fellow Supporters
    Greetings From Sollywood!!



    Hello All its Solomon  :D.

    I introduced myself to the BitShares community with this delegate post. Now I’m introducing the complete details of the project I want to run as a BitShares delegate and filmmaker for this community. This project is BitShares Video DAC. This DAC proposal will be its formal introduction. There are still some elements to fully flesh out but much of it is complete (95%). I want to complete the rest (crowd-funding details/share-dropping) with community involvement and those who believe in this vision.

    If detailed proposals aren't your style you can check the tl;dr version here.


    Table of Content

    1. Who Am I: Sollywood
    2. BitShares Video: The Vision
    3. Sollywood TV / Sollars and Sense: The commercial Application
    4. New Money Brand
    • New Money Business Model
    5. Sollars.com
    6. Funding + Financing
    7. 100% BitShares Delegate
    8. Conclusion
    9. TL;DR Summary

    Lets Get This Started... Feedback Feedback Feedback[/list]

    This is probably going to be the next big thing after Bitshares Music.

    This DAC needs to be on a USB stick and pluggable into a TV like Chromecast.
    « Last Edit: April 18, 2015, 08:13:46 pm by luckybit »
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    Offline edilliam

    Not been around the last few days, since I made my comment. Also, I'm sure you won't, but please don't take any of comments as too negative, I'm just trying to keep you as realistic as possible. Please, please do not rush into this!

    Firstly, I need to bring up the topic of decentralization again. If this is all going to be a centralized thing then surely it is not a DAC? You have said this could be the BitShares videos DAC, but if you are doing everything centralized, centralized storage, playout, ingest, transcoding, cms/metadata etc then where does the BitShares blockchain come in? If it is all centralized then where is the need for a blockchain?

    You say that the starting architecture does not need to be decentralized initially and that you can convert. This is a really bad idea imo. Consider this: If you go the centralized route initially you will be building a company with real employees and an office and a data center with potentially millions of USD of equipment and then at some point you convert. Will you just say: "Sorry guys you're all fired and all this equipment we bought is no longer necessary as it's all going onto a decentralized storage solution"? Either the company works and you will be making a profit and there will be no reason to disband it or the company makes a loss and there will be no way of spending its now non existent money on turning it into a more efficient decentralized version of itself.

    So, either this is going to be a centralized thing full stop and it is therefore not the BitShares video DAC and if so, you will have a very hard time competing with Netflix and Hulu etc and their economies of scale. Or it is going to be decentralized thing and then you must work out the fundamentals of the technical aspects of this project. You cannot just say:

    Quote from: SolomonSollarsNSense
    Anything is possible you just need the team to do it.

    I love your enthusiasm, but this just isn't true. I want to cure cancer, but I can't ask a community to crowdfund my assembling of a team with the promise that I'll sort out all the technicalities of it later. I know this is "argumentum ad absurdem", but If you have no idea of the technical aspects of this project and you also think:

    Quote from: SolomonSollarsNSense
    White Papers are useless.

    You will almost certainly (and sadly) fail. You have to work out the technical stuff here! Even if this project is to be a centralized thing you have to work out the technical stuff! These things take massive teams of highly skilled and expensive engineers, huge sums in consulting fees, huge sums in legal costs and potentially millions of USD of equipment to build. I know this well because I have helped design, build and run broadcast headends. This is what I did before Bitcoin came along. If you do not know the technical undertakings of a project of this scale then how can you effectively plan and budget accordingly? How do you know how much money you need to raise in a crowdsale? Please don't just pick a figure and assume it is enough, because it probably isn't.

    Finally I'm making some big assumptions here, but one of the reasons I assume Peertracks are either not doing video initially (or maybe never) is because of the differences in size and bitrate of audio compared to video. A video stream is significantly larger than just an audio stream because there is just so much more data in video. Also in a transport stream for video content there will sometimes be multiple video and audio payloads as well as the extra headers and info. On average the audio in a video stream takes up around 5% of the total data. To do video storage and playout in a decentralized manner is very difficult. User upload speed is terrible compared to download, so if the information is being served from other users of the system you will either have terrible wait times or the bitrates will be so low that the quality will be terrible. Several huge companies (we're talking 100s of millions in investments) have tried to do video p2p and usually give up. It may be possible with South Korean internet speeds, but for everyone else it just may not be possible yet. I bought a home NAS server the other year that also works as a media center and can stream stuff over the web. I thought that I wouldn't have to always carry my entire music and video library with me everywhere, but in reality it couldn't even stream audio real time due to my apartment's upload limit.

    Offline BunkerChainLabs-DataSecurityNode

    So that's a lot of text to read, but most people who have read it seem to respond positively to your passion, motivation, efforts and video/content skills. I think this is a success by all measures.  +5%

    What is worrying is what is always worrying when a passionate, motivated entrepreneur gets pitching: There is too much going on, you're trying to do and say too many things simultaneously. Obviously you have a lot of ideas brewing, but not all of them are relevant right now.

    As I see it you have three main things you need to focus on right now. 0) Getting a BitShares Delegate up, get it voted in, and keep communicating with and learning from the community. 1) Marketing your YouTube channel to get a viewership in the tens of thousands. 2) Refining your ideas on a MVP to the point where a fundraiser will be effective and get you enough money to build it.

    When it comes to the first point you can do this independently and collaborate with the marketers over at Nullstreet. Instead of defining your demographics in advance I think you should do exploratory marketing with your Youtube videos. Do what you do best, and see what subscribers you attract: That's your demographic, it's the concrete people who are interested in your ideas and style.

    As for the second point, you should focus on explaining as clearly and concisely why your MVP will make money for the investors who buy into it. In addition viral incentive structures of your MVP need to be in place before we even talk about the grand experience; think through a) why users would use it, b) why investors would invest, and 3) why content creators would produce content on there.

    Finally, don't underestimate the time and resources that are required to do things that in abstract sound pretty straight forward. We all know this common advice, but underestimating the time it takes to resolve and deal with minute issues is usually what gets people trapped.

    To sum up:
    - Zone in on what you need to do instead of what you can do.
    - YouTube is best way to explore demographics, build reputation and refine branding, voice and vision.
    - Focus on simplifying your MVP pitch and learn in detail how to raise funds safely with BitShares.
    - Don't underestimate the time and resources you need to do even "simple" things.

    Looking forward to see you develop and grow boldly! In 2015 the speed of evolution is only bounded by the speed at which we transcend our own limits again and again  +5%

     +5% for taking an interest in a proposal and going to great lengths to give really thought out help with it. Awesome show of community support CLains.
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    Offline SolomonSollarsNSense

    So that's a lot of text to read, but most people who have read it seem to respond positively to your passion, motivation, efforts and video/content skills. I think this is a success by all measures.  +5%

    What is worrying is what is always worrying when a passionate, motivated entrepreneur gets pitching: There is too much going on, you're trying to do and say too many things simultaneously. Obviously you have a lot of ideas brewing, but not all of them are relevant right now.

    As I see it you have three main things you need to focus on right now. 0) Getting a BitShares Delegate up, get it voted in, and keep communicating with and learning from the community. 1) Marketing your YouTube channel to get a viewership in the tens of thousands. 2) Refining your ideas on a MVP to the point where a fundraiser will be effective and get you enough money to build it.

    When it comes to the first point you can do this independently and collaborate with the marketers over at Nullstreet. Instead of defining your demographics in advance I think you should do exploratory marketing with your Youtube videos. Do what you do best, and see what subscribers you attract: That's your demographic, it's the concrete people who are interested in your ideas and style.

    As for the second point, you should focus on explaining as clearly and concisely why your MVP will make money for the investors who buy into it. In addition viral incentive structures of your MVP need to be in place before we even talk about the grand experience; think through a) why users would use it, b) why investors would invest, and 3) why content creators would produce content on there.

    Finally, don't underestimate the time and resources that are required to do things that in abstract sound pretty straight forward. We all know this common advice, but underestimating the time it takes to resolve and deal with minute issues is usually what gets people trapped.

    To sum up:
    - Zone in on what you need to do instead of what you can do.
    - YouTube is best way to explore demographics, build reputation and refine branding, voice and vision.
    - Focus on simplifying your MVP pitch and learn in detail how to raise funds safely with BitShares.
    - Don't underestimate the time and resources you need to do even "simple" things.

    Looking forward to see you develop and grow boldly! In 2015 the speed of evolution is only bounded by the speed at which we transcend our own limits again and again  +5%

    Thanks CLains. Can always count on a solid response from you. Your points are all valid and I'm working through them now. That's a pretty fine road map you got there too  8) Don't mind if I take it do you  ;D
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    Offline CLains

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    So that's a lot of text to read, but most people who have read it seem to respond positively to your passion, motivation, efforts and video/content skills. I think this is a success by all measures.  +5%

    What is worrying is what is always worrying when a passionate, motivated entrepreneur gets pitching: There is too much going on, you're trying to do and say too many things simultaneously. Obviously you have a lot of ideas brewing, but not all of them are relevant right now.

    As I see it you have three main things you need to focus on right now. 0) Getting a BitShares Delegate up, get it voted in, and keep communicating with and learning from the community. 1) Marketing your YouTube channel to get a viewership in the tens of thousands. 2) Refining your ideas on a MVP to the point where a fundraiser will be effective and get you enough money to build it.

    When it comes to the first point you can do this independently and collaborate with the marketers over at Nullstreet. Instead of defining your demographics in advance I think you should do exploratory marketing with your Youtube videos. Do what you do best, and see what subscribers you attract: That's your demographic, it's the concrete people who are interested in your ideas and style.

    As for the second point, you should focus on explaining as clearly and concisely why your MVP will make money for the investors who buy into it. In addition viral incentive structures of your MVP need to be in place before we even talk about the grand experience; think through a) why users would use it, b) why investors would invest, and 3) why content creators would produce content on there.

    Finally, don't underestimate the time and resources that are required to do things that in abstract sound pretty straight forward. We all know this common advice, but underestimating the time it takes to resolve and deal with minute issues is usually what gets people trapped.

    To sum up:
    - Zone in on what you need to do instead of what you can do.
    - YouTube is best way to explore demographics, build reputation and refine branding, voice and vision.
    - Focus on simplifying your MVP pitch and learn in detail how to raise funds safely with BitShares.
    - Don't underestimate the time and resources you need to do even "simple" things.

    Looking forward to see you develop and grow boldly! In 2015 the speed of evolution is only bounded by the speed at which we transcend our own limits again and again  +5%
    « Last Edit: February 21, 2015, 05:05:13 pm by CLains »

    Offline SolomonSollarsNSense

    Sorry to ask this maybe it is obvious or already answered (I am lazy with long posts) but why use a new coin solar & sense as payment system and not bitusd? Maybe the model could be to issue Solar & Sense shares like an IPO that will get converted in bitusd once the project is launched.

    Hey mf no worries. Things are still being fleshed out anyways. At least on the DAC side. Thanks for the honesty. I appreciate it. The short answer comes down to decentralized functionality. BitUSD is a great piece of functionality but the way its decentralized wouldn't work in the short term for the Sollywood TV business model. Plus the brand is synergistic in my opinion and I want to keep it that way  :D

    That doesn't mean BitUSD won't play a role. Consumers are meant to purchase Sollars in bulk with Dollars (like game tokens) to spend on platforms which utilize Sollars (Sollywood TV / New Money). I do not see why BitUSD cannot play that role in addition to traditional payment options like PayPal Stripe Banks? All we have to do is accept bitUSD so we would be like a Bitshares merchant  ;)

    Plus when Content Creators "cash out" or burn their Sollars for Dollars I do not see why bitUSD cannot be an option we promote? Heavily? As what to cash out to? I'm saying we would accept bitUSD for Sollars and their are options here for creativity.

    Actually you are right in that we would be looking to probably issue a share or bond-like unit. But that unit would not be Sollars. Sollars works just like bitUSD. It has stable and reliable economics its just artificially kept at a 1-1 exchange to the Dollar unlike BitUSD which has a different type of functionality and fee structure to achieve the same thing.

    Consumers and our millenial to young adult markets do not care about the intricacies of decentralized economics. They will just care that they are getting their content at the right price and can spend at the right price.

    Either way this is a project powered by BitShares and at the very end of the day that is what really matters. That we are selling the message of BitShares being the new linux. In my opinion that is what will get us to a larger market cap in the short and long-term with a killer app that is utilizing BitShares tech in any way shape or form. No one will care about the intricacies. They will just care about the marketing message which sticks in the head and creates perception and perspective.

    Thanks for the input broski. Hope this helps out a little.
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    Offline mf-tzo

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    Sorry to ask this maybe it is obvious or already answered (I am lazy with long posts) but why use a new coin solar & sense as payment system and not bitusd? Maybe the model could be to issue Solar & Sense shares like an IPO that will get converted in bitusd once the project is launched.

    Offline SolomonSollarsNSense


    Your proposal is so long and hard to follow that does not make much sense. You business model is very far from clear. It seams that although you put a lot of time in writing everything, it does make things even more messy. You already talk about presale but besides a lot of mambo jumbo and big revolutionary words there is nothing clear.You talk about apps and solar micro payment backed by bts.... "all project powers by Bitshares" what this does even mean. What are you talking about ?

    Then you go on with non sens part two :

    Quote
    Persons who hold BitVid  would not own a portion of projects which choose to use the DAC to fund or issue their own tokens. Only if you buy into them specifically would that be the case such as with Sollywood TV and Sollars and Sense.

    ...hhhh WHAT ? This that make any sense to you ?

    You should first flesh out clearly your ideas, give some working  examples. Like a real what are the incentive for consumer and for content providers ? Please don't tell to reread that proposal again nor watch the video, because I already did that part. Make it short don't write empty words to fill up the space. Let us  understand what the hell are you talking about. Make a whitepaper then maybe then you could start talking about presale and biVid and Solgold ..... And please don't criticize other delegates and don't event try to criticizes Music  ...Case in point Music had a very clear and brilliant model, also one of the confounder has like 25 years or so experience in music industry. Only once everything was clear they started talking about funding. You are going the other way around. 
    I'm  one of those that remember your first time around this forum. Your proposal back in the time sounded like a Nigerian scam. To be clear I'm not saying  that this was your intention but sounded that bad.. Then you completely disappear and now your are back .That's alright it seams that you are doing better already than the last time.
    One thing I have to say is that your videos are really good you got talent. So start by making some Bitshares videos, in the meantime make your proposal sound like a real proposal don't even talk about funding you are so far from that part you can't imagine. Gain some trust from this community and maybe you got a chance. Until then I will not even vote for you let alone spend any money in your solar nonsense!!!  But I'm open to listen to your vision and if one day it will make any Sense I'll for sure change my mind.

    Proposal is trying to mix some sort of artistic sense of the world with an economic platform.  This would be good for softening the marketing edge but not for the business pitch.  BTS video may likely be a viable DAC regardless. +5%


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    Thank you Carpet. I appreciate the honest feedback. I see where you believe it can work and may not work. I'll try to convince you on the points you are not sold on as I start with these videos. One step at a time right... I'm terrible with that  ;D
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    Offline SolomonSollarsNSense


    Then you go on with non sens part two :

    Quote
    Persons who hold BitVid  would not own a portion of projects which choose to use the DAC to fund or issue their own tokens. Only if you buy into them specifically would that be the case such as with Sollywood TV and Sollars and Sense.

    ...hhhh WHAT ? This that make any sense to you ?



    By the way oco101... Did you actually listen to the BitShares Music Beyond Bitcoin episode delulo made me listen too? Those words are almost literally verbatim COB's words on their own Music DAC and how their model works... Like LITERALLY. I could give you the time if you would like. Or you could listen to it if you haven't.

    I just want to make sure criticism stays constructive here. I love criticism I can take it  :D

    Yes a lot of information has been presented here. That is because it is the Big Picture. The whole picture. But if you can honestly say you do not understand the business model then you haven't actually tried to understand it. The business model canvas is literally underneath the business model plan video.

    I even give a short explanation of the model underneath both elements in addition to a short explanation in the Sollywood TV introduction if you don't have time to read or view everything...

    White Papers are useless. They become outdated the moment it is released and features will most certainly change compared to what is written. Simply look at the evolution of the Ethereum White Paper. How much of what Vitalik wrote is actually relevant to the project today besides the wait for it wait for it... BIG PICTURE  ;)

    In your case I think its fair to the rest of the BitShares community that you give your critiques your best shots as you are a highly regarded representative. It looks good to the outside world who may visit the forum later and get inspired to use BitShares for their own projects. If they are viewing critiques like yours compared to the constructive ones I have received so far that does not look good on your image and the larger community image.

    If you do not like the project or me then that is fair enough I can't change that. If you do not think this will bring your holdings a higher market cap that is also fair enough. That's how shark tank works Kevin  :P

    But if you would actually like this to succeed one day then give me a chance to explain things which don't make sense for you after you have tried to understand them. If you do not have time to understand them then that is also fair. But understand your misunderstanding is not a consensus.

    If you just support my videos then that is cool broski. Vote for my delegate and throw this project in the trash can of your mind. But I could still use your vote  ;)
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    Offline SolomonSollarsNSense

    What if PeerTracks could add a video feature faster and more efficiently?

    That is a possibility that I think Solly hasn't considered yet.

    Consideration of potential competition is an important part of business plans.

    You would be surprised onceuponatime at the amount of time I've put into understand how Sollywood TV w/ Sollars and Sense is much better FOR CONSUMERS than all of its competition. That is why I am pushing forward. If I and those who support me have to drag everyone kicking and screaming to a higher market cap then so be it.

    That is how this community should work. Competing ideas for a larger market cap.

    My only problem for this idea has been product/community fit which I have not found until now. There are some who don't get the Big Picture. That is okay. Others actually do.

    Yes it may take time to help every single community member to see that but that is why I am going to start by making videos for the community. Those who can see the difference now are the ones who will reap the most benefits later. That is how all opportunities work in life.

    It was the same case for BitShares, Bitcoin, Ethereum, (list = all inputs for successful ideas which started out as making no $ense to most people except for the few)

    And those few will simply make the most $ense.

    Automobile over the horse you say? That'll never work. They can simply breed faster horses. I mean the car looks like the horse why not just keep it a buggy or use the horse for wheels. Its got pretty much the same features then do so why try? Just use the horse its gonna be the same thing in like 5 to 10 years  :P

    My point is stay tuned. We are just getting started.
    « Last Edit: February 20, 2015, 11:29:46 am by SolomonSollarsNSense »
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    Offline SolomonSollarsNSense

    What if PeerTracks could add a video feature faster and more efficiently?

    Hey donkeypong thanks for the thoughtful question. Its not about features in my opinion. Its about the unique experience created around the features. Going to the movies is different from watching content at home with loved ones, is different from viewing content on a mobile screen by yourself, is different from watching content at a bar with the broskis. Is different from watching content on YouTube, is different from subscription content on Netflix, is different from paying for the non$ense of Cable.

    All these different experiences my have the same kinds of features enabling them. I know crazy right  :D But the feature doesn't make the unique experience. Its an enabler but it is not the whole picture. To go further...

    The video feature of Vine, is different from the video feature of Instagram is different from the video features of YouTube is different from the video features of Netflix, is different from the video features of Cable. There are subtle to drastic tweaks in the video features and yet they all create unique experiences and communities on their platforms with very different demographics that work for their business models.

    The feature that we are bringing to the table is some $ense which enables a new kind of experience we do not have at the moment with visual content. Buy in bulk and spend at real value for content and services.

    That new kind of experience and its future iterations from this starting point is very dependent on my creative mind as an entrepreneur. Key to understand here is I am aiming at a highly sought after demographic BitShares does not have at the moment and plays as the key to the future of banking.

    I know so is PeerTracks with music. But COB and the Music team is not me. We are different people with different motives and platforms.

    Peer Track's model will not work for content distribution in my opinion. It may work for the content creation phase but that is a drastically different market. It would then be competing with the KickStarters, IndieGogo's and crowd-funding platforms along with the heavy weight production companies ect. Sollywood TV doesn't deal with that phase. Its content distribution the final frontier that hasn't been solved for content creators and acts as a serious pain point for consumers.

    That is why I stated its best not to conflate film and visual content creation/distribution with music as both come with different needs and very different industry landscapes. If they would like to add video features to the BitShares Music DAC then that is interesting. Is it open-sourced?

    Finally if PeerTrack would like to follow my road map I would actually encourage them too. Its one of the top causes of start-up failure. Trying to be like the competition (if you see them as competition. I don't).

    PeerTrack has Notes, we make $ense. Totally different road maps I assure you. Just look at the economics of both units for starters.

    People thought Myspace and Facebook were the same (I'm guilty of that). We see how that turned out.

    That is finally why I am trying to encourage people not to try and make BitShares do what Bitcoin or Ripple did with its road map to large scale adoption. Yes it may have the same feature but it contains a unique value proposition that it must own to win. It doesn't have to be like the competition. It can be like itself and beat everyone. Thanks again.
    « Last Edit: February 20, 2015, 11:28:04 am by SolomonSollarsNSense »
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    Offline SolomonSollarsNSense

    Your proposal is so long and hard to follow that does not make much sense. You business model is very far from clear. It seams that although you put a lot of time in writing everything, it does make things even more messy. You already talk about presale but besides a lot of mambo jumbo and big revolutionary words there is nothing clear.You talk about apps and solar micro payment backed by bts.... "all project powers by Bitshares" what this does even mean. What are you talking about ?

    Then you go on with non sens part two :

    Quote
    Persons who hold BitVid  would not own a portion of projects which choose to use the DAC to fund or issue their own tokens. Only if you buy into them specifically would that be the case such as with Sollywood TV and Sollars and Sense.

    ...hhhh WHAT ? This that make any sense to you ?

    You should first flesh out clearly your ideas, give some working  examples. Like a real what are the incentive for consumer and for content providers ? Please don't tell to reread that proposal again nor watch the video, because I already did that part. Make it short don't write empty words to fill up the space. Let us  understand what the hell are you talking about. Make a whitepaper then maybe then you could start talking about presale and biVid and Solgold ..... And please don't criticize other delegates and don't event try to criticizes Music  ...Case in point Music had a very clear and brilliant model, also one of the confounder has like 25 years or so experience in music industry. Only once everything was clear they started talking about funding. You are going the other way around. 
    I'm  one of those that remember your first time around this forum. Your proposal back in the time sounded like a Nigerian scam. To be clear I'm not saying  that this was your intention but sounded that bad.. Then you completely disappear and now your are back .That's alright it seams that you are doing better already than the last time.
    One thing I have to say is that your videos are really good you got talent. So start by making some Bitshares videos, in the meantime make your proposal sound like a real proposal don't even talk about funding you are so far from that part you can't imagine. Gain some trust from this community and maybe you got a chance. Until then I will not even vote for you let alone spend any money in your solar nonsense!!!  But I'm open to listen to your vision and if one day it will make any Sense I'll for sure change my mind.

    Hey oco101,

    Thanks for the response broski  :) Don't worry we will turn that frown upside down, Sollywood's in town  8)

    Keep following the discussion it will click.
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    Offline onceuponatime

    What if PeerTracks could add a video feature faster and more efficiently?

    That is a possibility that I think Solly hasn't considered yet.

    Consideration of potential competition is an important part of business plans.

    Offline donkeypong

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    What if PeerTracks could add a video feature faster and more efficiently?

    Offline carpet ride

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    Your proposal is so long and hard to follow that does not make much sense. You business model is very far from clear. It seams that although you put a lot of time in writing everything, it does make things even more messy. You already talk about presale but besides a lot of mambo jumbo and big revolutionary words there is nothing clear.You talk about apps and solar micro payment backed by bts.... "all project powers by Bitshares" what this does even mean. What are you talking about ?

    Then you go on with non sens part two :

    Quote
    Persons who hold BitVid  would not own a portion of projects which choose to use the DAC to fund or issue their own tokens. Only if you buy into them specifically would that be the case such as with Sollywood TV and Sollars and Sense.

    ...hhhh WHAT ? This that make any sense to you ?

    You should first flesh out clearly your ideas, give some working  examples. Like a real what are the incentive for consumer and for content providers ? Please don't tell to reread that proposal again nor watch the video, because I already did that part. Make it short don't write empty words to fill up the space. Let us  understand what the hell are you talking about. Make a whitepaper then maybe then you could start talking about presale and biVid and Solgold ..... And please don't criticize other delegates and don't event try to criticizes Music  ...Case in point Music had a very clear and brilliant model, also one of the confounder has like 25 years or so experience in music industry. Only once everything was clear they started talking about funding. You are going the other way around. 
    I'm  one of those that remember your first time around this forum. Your proposal back in the time sounded like a Nigerian scam. To be clear I'm not saying  that this was your intention but sounded that bad.. Then you completely disappear and now your are back .That's alright it seams that you are doing better already than the last time.
    One thing I have to say is that your videos are really good you got talent. So start by making some Bitshares videos, in the meantime make your proposal sound like a real proposal don't even talk about funding you are so far from that part you can't imagine. Gain some trust from this community and maybe you got a chance. Until then I will not even vote for you let alone spend any money in your solar nonsense!!!  But I'm open to listen to your vision and if one day it will make any Sense I'll for sure change my mind.

    Proposal is trying to mix some sort of artistic sense of the world with an economic platform.  This would be good for softening the marketing edge but not for the business pitch.  BTS video may likely be a viable DAC regardless. +5%


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    Offline oco101

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     Your proposal is so long and hard to follow that does not make much sense. You business model is very far from clear. It seams that although you put a lot of time in writing everything, it does make things even more messy. You already talk about presale but besides a lot of mambo jumbo and big revolutionary words there is nothing clear.You talk about apps and solar micro payment backed by bts.... "all project powers by Bitshares" what this does even mean. What are you talking about ?

    Then you go on with non sens part two :

    Quote
    Persons who hold BitVid  would not own a portion of projects which choose to use the DAC to fund or issue their own tokens. Only if you buy into them specifically would that be the case such as with Sollywood TV and Sollars and Sense.

    ...hhhh WHAT ? This that make any sense to you ?

    You should first flesh out clearly your ideas, give some working  examples. Like a real what are the incentive for consumer and for content providers ? Please don't tell to reread that proposal again nor watch the video, because I already did that part. Make it short don't write empty words to fill up the space. Let us  understand what the hell are you talking about. Make a whitepaper then maybe then you could start talking about presale and biVid and Solgold ..... And please don't criticize other delegates and don't event try to criticizes Music  ...Case in point Music had a very clear and brilliant model, also one of the confounder has like 25 years or so experience in music industry. Only once everything was clear they started talking about funding. You are going the other way around. 
    I'm  one of those that remember your first time around this forum. Your proposal back in the time sounded like a Nigerian scam. To be clear I'm not saying  that this was your intention but sounded that bad.. Then you completely disappear and now your are back .That's alright it seams that you are doing better already than the last time.
    One thing I have to say is that your videos are really good you got talent. So start by making some Bitshares videos, in the meantime make your proposal sound like a real proposal don't even talk about funding you are so far from that part you can't imagine. Gain some trust from this community and maybe you got a chance. Until then I will not even vote for you let alone spend any money in your solar nonsense!!!  But I'm open to listen to your vision and if one day it will make any Sense I'll for sure change my mind.

    Offline SolomonSollarsNSense

    Okay I just got done listening to the BitShares Music episode. I’ll probably listen to it a couple of more times just for the amount of information and relevancy.

    https://soundcloud.com/beyond-bitcoin-hangouts/beyond-bitcoin-music-dac-edition-2014-10-03-starring-cedric-cobson

    I'll be mentioning time pointers from the discussion so people can check it out.

    Delulo thanks for linking this discussion. I owe you one  ;)

    Tl;dr BitShares Video will use the BitShares Music model to launch itself. We can definitely use it and modify it for phases of visual content creation and the film world. It is at its very least worth it to experiment with with a solid use case such as Sollywood TV w/ Sollars and Sense

    Now the DAC projects will have some differences as film and its process is very different from music and its process but there will be major similarities especially with funding itself as a DAC and incentives for investors to purchase its Note-like / BitShares-like unit.

    By the way is BitShares Music DAC open sourced?


    Compared to BitShares Music Model


    These are just my initial thoughts from my first run through of the discussion. They are not super organized but instead flow like a brainstorm. The point here is iterating on constructive criticism with more ideas that bring us closer to a solution many people can get behind.


    The Note and Funding


    So we would have one unit like Notes. Right now I call them BitVids for lack of a better term.

    BitVids would most-likely be distributed in the same way COB described for Notes. This is what I suggested must be highly strategic for the benefit of all involved in the Funding and Financing section.

    But again I want to start a serious discussion about this with community members who actually want to be involved and see this project as a profitable incentive to their BitShares holdings. I'll keep searching and I plan to make videos to speed up this process.

    Just as COB explained at 31:51 we will need a pre-sale in addition to the share-drop. This is what I wanted to discuss with the community to do it the right way and with people who see its potential. Again Funding + Financing section

    We would do a pre-sale/crowd-sale, and distribution such as was described for the same reasons he mentioned. We cannot solely rely on pre-allocation and dilution to fund us no matter how cool it sounds. And its very cool in theory but we all have to eat now. This is also where the 100% delegate comes in for the short-term


    Holders of BitVid


    11:59 is relevant to this point and its project. Persons who hold BitVid  would not own a portion of projects which choose to use the DAC to fund or issue their own tokens. Only if you buy into them specifically would that be the case such as with Sollywood TV and Sollars and Sense.

    For our DAC we can make it such that registering a token to do any type of project is a fee or a burning of all BitVids which is paid to BitVid holders at a higher rate than which was initially purchased?


    Selling Powered By BitShares


    All projects would be powered by BitShares and that is what we plan to sell which BitShares Music has not done so well in my opinion. But they are not really filmmakers I dont believe. As such an awesome project with a clear vision and a relevant demographic that is useful to the larger BitShares community I think they are dropping the ball on this one. Content creation to tell a story is key for this generation they are aiming for. Even if its static one room content.

    For every one snapchat there are a million no-name losers and not because they weren't better plays (snapchat is kind of irrelevant) but because they didn't catch on.

    Content is no gaurantee but it is the visual language most connect with today. Even if you can get some of these technology kids on YouTube to review it it can be used over and over again to sell a point.

    I don't say this to be an asshole. I make this point to motivate them to get their goddamn project out in the open more. If it wasn't for delulo's post I probably would have never seen just how much relevancy the project has for me and the younger generation. And just how cool their model is. The time is now not tomorrow.


    BitShares Video DAC Fees


    All of the fees COB named for Note holders of the BitShares Music network would apply for BitVid holders in the BitShares Video DAC network.


    Sollywood TV w/ Sollars Similarities and differences


    Sollywood TV is like the PeerTrack in this DAC. Its only one shop on the network. Not the entire network. And its helping out content creators in one specific way (distribution not fundraising) with one token Sollars and Sense.

    Sollars and Sense is something else all together. It has no analogy in the BitShares Music model. It is not an artist coin in the same sense as was used for Justin Bieber Coin or Snoop Coin. Those sound like shares of something.

    So something like a Sollar Bond would be more analogous.

    Something with zero-coupon bond like qualities to gain value over time and be cashed out for Sollars or bitUSD? We would promise but not guarantee that?

    Or SoLgold

    Alternatively a percentage of what is bought for Sollars and Sense equally goes to Sollar Bond holders? (Sollars and sense will be sold mainly to consumers at a 1-1 exchange rate).

    Or a percentage of bondholders receive some sort of value from holding the bond like a company share? Give your thoughts. There are many possibilities to create incentives for purchasing Sollar Bonds or SoLgold.

    So to recap if we are going to keep with the BitShares Music model my personal project would make Sollywood TV/Sollars a hybrid between PeerTracks and an artist like Snoop Dogg on the BitShares Video DAC network.

    But instead of issuing my coin Sollars and Sense (it already has an artificial market-pegged value which will be kept by consumer purchase and the freemium model) I would instead issue some type of Bond (not security) (Sollar Bond) that holders are speculating will rise in value because of Sollywood TV/Sollars and Sense utility and the way that ties to the bond.


    If we launched EVERYTHING TOMORROW


    So if we were to launch this thing tomorrow with a pre-sale

    The BitShares Video DAC's crowdfunding model would be issuing two units

    1. BitVid (the decentralized Note-like unit)
    2. Sollar Bond or SoLgold (a sort of artist coin) a sort of Bond for Sollars (the bond would be marketed for donations? And given in exchange?))

    If individuals buy into the Note unit (BitVid) they will be owning the BitShares Video DAC and its basic utility.
    BitVid holders are expected to fund content projects which could make the network as a whole profit or gain a larger initial value. They can also utilize BitVid based on individual profit opportunities and risks. Its decentralized. (Projects that are funded are expected to (by social contract) promote a powered by BitShares message)

    If they purchase the Sollar Bond unit it will be like purchasing the Justin Bieber coin or Snoop coin as you would be tied specifically to the Sollywood TV/Sollars project.


    So will investors be buying Sollars and Sense directly when we begin?


    Short answer is no.

    Investors would not be buying Sollars and Sense Directly. Only consumers who plan to purchase content on the Sollywood TV platform would be buying the coin directly which would have its set price. We will also be giving some (Sollars and Sense) away for free if we raise in Dollars to subsidize initial content creators and get the platform going (already was planned).

    Investors who want to make a profit would instead be buying the Sollar Bond/SoLgold in which we could pay out Sollars if exchange price rises above x? Typing my thoughts here.


    Other Projects on BitShares Video DAC or blockchain


    Others who use the BitShares Video DAC to support their projects can use different economics for their token. And as any visual content creator knows they do not need to be doing what we are doing.

    What I mean to say is BitShares Video DAC does not only need to fund distribution platforms such as Sollywood TV in an exclusive manner. BitVid holders can fund anything from large scale documentaries, or any other video type project that has to do with Pre-Production, Production , Post-Production and in my case Distribution of visual content.

    They can fund script software, visual effects teams, individual filmmaker movies, the next blockbuster the possibilities are endless. Now I see what Ed was trying to explain to me in the beginning. These various content projects such as mine would issue some type of token in exchange for BitVid eventually.


    Will content creators and partners for Sollywood TV issue their own tokens?


    So Content creators will not be issuing their own coins on Sollywood TV so in this sense we are not like PeerTrack. No other token would be used for Sollywood TV but Sollars and Sense. This may change in the future but for now that is where it starts.


    Another cool Analogy


    BitVid holders would be funding me as a unique artists who happens to have this crazy idea of taking on Hollywood in addition to creating his own content.  ;D

    25:15 – 27:42 He is basically describing what I think I will be as an “artist” (filmmaker) for this community. And what this proposal really is at its core. I'm asking people to bet on me and this vision.

    Its large yes. But Ethereum is larger and look at what they accomplished in a year. Where do you think this project would be in a year if our community got behind it and promoted it with my visual leadership? Its about priorities people. What is BitShares value proposition? Lets stick to it.


    Final Initial Thoughts


    As COB rightly pointed out if we are going to launch a DAC of this sort then there has to be some sort of use case experience that launches with it in order to give people a practical example of what can be done. In this case it is Sollywood TV with Sollars and Sense.

    Those are all my initial thoughts to get a conversation going about utilizing the BitShares Music model. I'll have my delegate registered soon. Stay tuned.

    As always Feedback Feedback Feedback on any point. Doesn't have to be everything
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    Offline santaclause102

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    I am not much help  technically or large financial contributions,  but fully support what Solomon is trying to accomplish.

    Every journey starts with the first step.

    Following with interest  +5%

    Thank you ubits. You gave all the help I need. Its people like you that keep me going  :) And that's what matter right now.

    I'm almost done hearing the BitShares Music episode. Its so relevant to what I am trying to get across with this project its kind of scary. I'll have my thoughts posted soon. Thanks again for the support.
    +5%

    Offline SolomonSollarsNSense

    I am not much help  technically or large financial contributions,  but fully support what Solomon is trying to accomplish.

    Every journey starts with the first step.

    Following with interest  +5%

    Thank you ubits. You gave all the help I need. Its people like you that keep me going  :) And that's what matter right now.

    I'm almost done hearing the BitShares Music episode. Its so relevant to what I am trying to get across with this project its kind of scary. I'll have my thoughts posted soon. Thanks again for the support.
    If you like the content I make consider tipping me. Helps me keep those bitshare content babies popping like popcorn! Send tips to: solomonsollarsnsense

    Offline ubits

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    I am not much help  technically or large financial contributions,  but fully support what Solomon is trying to accomplish.

    Every journey starts with the first step.

    Following with interest  +5%

    Offline santaclause102

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    Quote
    Decentralization comes in the open source component not in the starting architecture. But that may change in the future. So yes in a way you are correct. The long term plan is to make BitShares Video DAC into a decentralized DAC.
    What you wrote makes sense. I would not use the term "Bitshares Video DAC" though to not confuse people about your intentions / plans.

    So the role (apart from marketing / videos) Bitshares plays for Sollywood TV is that payments would be processed a UIA on the Bitshares blockchain?

    Did you check out how Bitshares Music will work? I think you may find a lot of inspiration there for your project! Best source imo https://soundcloud.com/beyond-bitcoin-hangouts/beyond-bitcoin-music-dac-edition-2014-10-03-starring-cedric-cobson

    Ok cool delulo,

    That is what I need. Lets get things moving with discussions. I'll check it out. Are there any name suggestions you would recommend? I still think it should be BitShares Video DAC as it may very well end up that way in the long run. Here is how I see it.

    Its about the long term vision not the short term iteration right? Sollywood TV is only one way to do this, comcast is another, BitTorrent is another. They all have various levels of "decentralization" and autonomous-ness. Now what if all these iterations were funded by the same unit?

    There are millions of ways that may be produced from this one project and that in itself is decentralized and autonomous.

    I think where the "company" part will come in is the funding unit we use for this project which has yet to be discussed. I made a suggestion that the unit be called BitVid. BitVid holders would fund project or different iterations of this project that may increase the value of their unit? What do you think?

    I'm checking out the BitShares music discussion now.
    The term "decentralized autonomous company" was an analogy proposed by Daniel Larimer to describe Bitcoin and similar consensus ledgers. What you want to do (as I understand it) is a traditional company that is using the UIA functionality of the Bitshares DAC as a payment system backbone. So in order to not confuse people and to not oversell I would drop the DAC terminology.

    I would guess that a crowd funding campaign where you receive money for shares in your company would only bring in significant amounts if you already something substantial: A team, a prototype product, some technical innovation etc.


    Offline SolomonSollarsNSense

    Quote
    Decentralization comes in the open source component not in the starting architecture. But that may change in the future. So yes in a way you are correct. The long term plan is to make BitShares Video DAC into a decentralized DAC.
    What you wrote makes sense. I would not use the term "Bitshares Video DAC" though to not confuse people about your intentions / plans.

    So the role (apart from marketing / videos) Bitshares plays for Sollywood TV is that payments would be processed a UIA on the Bitshares blockchain?

    Did you check out how Bitshares Music will work? I think you may find a lot of inspiration there for your project! Best source imo https://soundcloud.com/beyond-bitcoin-hangouts/beyond-bitcoin-music-dac-edition-2014-10-03-starring-cedric-cobson

    Ok cool delulo,

    That is what I need. Lets get things moving with discussions. I'll check it out. Are there any name suggestions you would recommend? I still think it should be BitShares Video DAC as it may very well end up that way in the long run. Here is how I see it.

    Its about the long term vision not the short term iteration right? Sollywood TV is only one way to do this, comcast is another, BitTorrent is another. They all have various levels of "decentralization" and autonomous-ness. Now what if all these iterations were funded by the same unit?

    There are millions of ways that may be produced from this one project and that in itself is decentralized and autonomous.

    I think where the "company" part will come in is the funding unit we use for this project which has yet to be discussed. I made a suggestion that the unit be called BitVid. BitVid holders would fund project or different iterations of this project that may increase the value of their unit? What do you think?

    I'm checking out the BitShares music discussion now.
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    Offline santaclause102

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    Quote
    Decentralization comes in the open source component not in the starting architecture. But that may change in the future. So yes in a way you are correct. The long term plan is to make BitShares Video DAC into a decentralized DAC.
    What you wrote makes sense. I would not use the term "Bitshares Video DAC" though to not confuse people about your intentions / plans.

    So the role (apart from marketing / videos) Bitshares plays for Sollywood TV is that payments would be processed a UIA on the Bitshares blockchain?

    Did you check out how Bitshares Music will work? I think you may find a lot of inspiration there for your project! Best source imo https://soundcloud.com/beyond-bitcoin-hangouts/beyond-bitcoin-music-dac-edition-2014-10-03-starring-cedric-cobson

    Offline SolomonSollarsNSense


    Some thoughts I have had previously in regards to creating my own video DAC that are relevant to this project are: Where will the content be stored, how will it be accessed, how much will this storage cost and how will these costs be handled by the DAC? Is data stored on a centralized or decentralized solution? What about data redundancy? What cut does the DAC take of the purchases? How will the cost of an existing CMS be managed or will a brand new CMS solution need be designed and built? Can anybody upload anything? If so, how will the legal side be handled such as DMCA take downs etc? If not, how will you decide what content is to go on the platform, who decides, how are they paid? Is playout limited to web streaming only?

    Also, do you have a team assembled or in mind already? How many people do you think this would take to make? What sort of timescales etc? This is a very ambitious project!  :D

    So in regards to these questions lets see. I'm gonna query the info in my head gathered from 1 year of computer science school and see if its done me any good. I would imagine for our starting point data will be stored server side no different than any tech start up in the valley. Since deflationary economics is highly at work today with the costs of storage I would imagine something like Amazon AWS would be phenomenal to our own in house content and the content partners we start with that do not host their own content. (Content partners that host their own content ie Netflix, Comcast, YouTube etc would only be using us at the point of payment or sale or cashing out)

    The DAC is not being built to be decentralized right now. We will grow to that eventually if it is shown to be a better model. But to building a unique content experience it is simply not necessary right now.

    Decentralized and autonomous-ness comes in its open-sourciness in the fact that anyone can use the components we build or acquire to do their own content experience or project

    I believe I have people confused, this DAC will not be starting out as a decentralized autonomous Company in the architectural $ense or the Bitcoin/BitShares sense. This DAC is starting open-source that is as much decentralization as it currently needs. My demographic that I am aiming to acquire simply doesn't care. So its overkill right now.

    BitShares the platform that is powering it will be enough of a DAC for crypto-enthusiasts.
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    Offline SolomonSollarsNSense

    @onceuponatime -- this was your first reaction:



     :D

     +5%

    I think the videos you produce to promote bitshares while you work on the funding for the new Bitshare Video would certainly be awesome.

    Quality videos like these will go a long way.. perhaps create some with the intent of going viral? Others that maybe can work with news releases?

    Lots of possibilities. In the end, as long as the production is consistent.. it will definitely be a step up for bitshares eco system as a whole.

    Hey thanks Data,

    You've got the right idea. I just have this bad habit of overkill with details and mumbo jumbo. I take this project very seriously  :D

    I'm gonna make Sollywood Magic for BitShares until this thing blows up. I will gain support with my content that is produced.
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    Offline SolomonSollarsNSense

    Hello everyone. I'm sorry I had to take a break yesterday. I've been going 100mph the last couple of days to put this thing together and get involved with the community. I'm back though now so lets get down to business  8)


    I like your videos and I particularly like your on screen presenting style, from the other video of you I have seen. Our community needs more people with your enthusiasm and creativity. I would vote for you as a delegate just to have you working full time on the BitShares branded videos btw.

    Let's get down to some questions:

    Can you give us a full history of your project? It looks like a lot of this content was created for previous pitches elsewhere. What worked, what didn't work etc in the past? How have you come to where you are now etc?

    Do you actually have any of the technical aspects worked out yet, or is this more of a vision of what could be? What happens if some of the things you have envisaged are just not possible? I would highly recommend working these details out in a white paper asap if not done already. I fear you have mainly approached this project from the content creation side and not the technical side.

    Some thoughts I have had previously in regards to creating my own video DAC that are relevant to this project are: Where will the content be stored, how will it be accessed, how much will this storage cost and how will these costs be handled by the DAC? Is data stored on a centralized or decentralized solution? What about data redundancy? What cut does the DAC take of the purchases? How will the cost of an existing CMS be managed or will a brand new CMS solution need be designed and built? Can anybody upload anything? If so, how will the legal side be handled such as DMCA take downs etc? If not, how will you decide what content is to go on the platform, who decides, how are they paid? Is playout limited to web streaming only?

    Also, do you have a team assembled or in mind already? How many people do you think this would take to make? What sort of timescales etc? This is a very ambitious project!  :D

    Thanks Ed I appreciate the constructive criticism and the questions. They help move us forward. It would take a book to give a full history of what has transpired over the last 5 years with this project idea. It most certainly did not start out as what is shown today and took a million iterations. The content was created for the Sollywood TV/Sollars idea similar to what Ethereum did for their idea. My primary background is not programming so I had no idea how it would be built I just knew the business model was there and if it could be built it would be awesome.

    Unfortunately I spent most of my time pitching to the wrong individuals (VC / Angel Investors). I should have been here and I probably should have done a crowd-sale or kickstarter much earlier. But no use in crying over spilled milk. I dropped the ball on that due to misplaced priorities (computer science degree). But now I'm focused and reworking it now that I've found a product/community fit  ;)

    There is no tech involved at this point besides the BitShares proto-chain as a starting point. This is the vision of what could be. The business model video gives a very doable starting point. And it would be more realistic to start with the payment system portion, sign in login, UIA etc similar to ChangeTip than to go all out and start building a YouTube.

    Anything is possible you just need the team to do it. So I plan to sell the vision until we have the team. As the immediate action chapter suggests and DataSecurityNode pointed out I will continue to make consistent videos for BitShares and BitShares Video DAC until our team is assembled. I will report as described there.

    If Ethereum can start with 2 guys (who didn't know what they were talking about), a 10 minute video and a white paper that is completely irrelevant today. I think I can sell Sollywood TV and Sollars and Sense powered by BitShares and gain a team to actually do it.

    BitShares started in a similar way also. A guy who didn't know what he was talking about and now he turned out to be right. In the same way Ethereum is turning out to be right too but that's only because now they have a team and not just the 19 year old wonder kid (who I love by the way  8)). But never forget how it started. No one builds anything on their own. Just doesn't work that way. Its a growing process and I've come to realize that.

    The thing that counts is the idea is rock solid and profitable.

    I do not have a team assembled in mind but I believe a crowd-funding campaign (similar to BitShares Music/Ethereum hybrid) could get this project the funds to assemble something in the beginning. At the very least a 100% delegate would be monumental to my content creation at this point. There is angel List a bunch of places to recruit from and I do not plan to poach core devs of BitShares. But the crowd-fund / Share-dropping / child DAC discussed in this thread by arhag could be very useful to us.

    I'll do your questions at the bottom separately.


    Are you open to rebranding discussions?


    Sent from my iPhone using Tapatalk

    That's interesting... I've had this conversation before  :) If you are directing that at the Sollars and Sense/Sollywood TV brand fair enough. If you have an argument that could have convinced Walt Disney, Sam Walton, John Deere, Harvey Weinstein, Amber Crombie and Fitch, Air Jordan, Calvin Klein, Henry Ford, Jacuzzi, Ferruccio Lamborghini, and a million other successful brands derived from their real life owners to change then I actually want to hear it.

    Or do you mean rebranding of "BitShares Video DAC"? Either way lets talk.

    My first reaction is that this is a very ambitious project and realistically far more than one man can accomplish working alone - even in the beginning.

    You will need a team. How are you going to pay them, even minimally, so that they can cover rent and food? In other words, let's see a preliminary budget and estimates of how much money you will need at each stage of the project. Not just for labor, but for whatever you are going to need as the project develops (ie. such things as office space, equipment, websites, advertising, servers, etc.) If you run out of funds before you get a cash flow to cover ongoing expenses it could turn out to be another broken dream.

    Have you got an inventory of what skills you are going to require, besides your own? For instance, you are going to need a dev or devs to do coding for parts of your project, yes? I hope you are not planning on poaching any of our core devs?  :'(  You are going to need to find and perhaps partner with such talent.

    Please don't let me discourage you. I just want to see financial plans fleshed out much as Edilliam wants to see the technical plans fleshed out.  It is an awesome vision, but needs the discipline of a business plan of the quality you would take to hard-hearted venture capitalists.  This will help you immensely.

    Thanks onceuponatime. I need this constructive criticism. You are exactly right. I need more than a team. I need a community and community endorsement. This will be no small feat. And that is why I brought it to the BitShares community (openly). It could use a project of this sort for its technologies and bolstering up its unique image and I could use the backing and crowd-funding/100% Delegate to begin this project.

    Like DataSecurityNode suggested I'll be producing videos for BitShares to promote bitshares while I work on the funding for this new Bitshares Video DAC project. I will not just be sitting on my ass, promise :P

    Some people want to sit on delegate pay and pray for others to produce their rocket. I actually want to build a rocket to go to the moon. Yes I will need a team but as I wrote to Ed that team will not be poached from Core Devs of BitShares. What is mostly needed from BitShares is funding. The utilization of stored funds to a project which can increase its value and market cap. That is how we grow. That is this project. That is why I plan to do the crowd-funding in addition to the delegate. I believe if more people knew about this project they would be willing to fund it in the same way we funded BitShares Music.

    Its funny that you mentioned that budget onceuponatime  ;D You made me remember I've got one with all if not 95% of what you requested. Since you mentioned it I want to discuss it with you first before I present it to the larger community. Its an excel document. I'll PM you and Ed.

    You do realise that registering a delegate has a big fee, and that refunds aren't possible?

    My main concern here, is that you're underestimating the costs and resources needed for a Video DAC.

    Hello graffenwalder. Thank you for your concern. It shows that you want individuals to be realistic about expectations with receiving a 100% delegates from the community. I appreciate that. I actually have quite a lot of support for my delegate bid at this time which I believe will continue to grow as the months unfold and this new project gets out.

    I'm not going anywhere. BitShares is stuck with me and we are going to get this damn larger market cap with its real value proposition. Not the one it thinks it needs to be now. 

    In my opinion its simple BitShares can either try and do what Bitcoin is doing or it can believe in itself and its value proposition and gain a larger market cap. The history of technology progress should show you can't have both.

    But may be I'm wrong and this will be a miracle.

    Thanks for you proposal!

    As you plan to make sollars and Sense a UIA do you know what legal requirements you have to fulfill since you would have to hold customer funds as collateral (the money (USD, BTC, BTS) customers give you to buy Sollars and Sense)?

    Did I understand this correctly. You want to start with a UIA as a currency for your platform (for purchasing video content, correct?) - the Platform at this stage would be hosted on a central server. The long term plan though is to make the platform into a (decentralized) DAC, correct? And so Sollars and Sense might not be a UIA anymore but a market pegged asset? How would this DAC work?

    Hello Delulo,

    No I do not know the exact details but I cannot imagine it is any different than Flattr, ChangeTip, or any game company like MMOGA or gift cards that give individuals some sort of virtual asset for cash.

    I simply want to start in a way that is beneficial to people who actually want to see this project move forward and help BitShares. I'm not Super Man I'm only Solo-Man  :'(

    Yes the platform will be built for centralization as there is no need to decentralize at this point. Decentralization is not always a feature in every instance some times its a pain and overkill. Sollywood TV/Sollars is not trying to disrupt the world and all that other jazz. BUT the tech that powers it will all be open-sourced and freely available for anyone to use.

    So eventually if people believe a decentralized version is necessary or it turns out from analyzing the business model in action that decentralization is a better model for some features like BitTorrent Live stream. Then we can go that route.

    But in the short-term decentralization is a hindrance  to building a unique Sollywood content experience.

    Decentralization comes in the open source component not in the starting architecture. But that may change in the future. So yes in a way you are correct. The long term plan is to make BitShares Video DAC into a decentralized DAC.

    I do not know what Sollars will be in the future. But now I just don't see it as a market-pegged asset in the bitUSD $ense and never really have. I mean it could obviously work that way but then it would serve a different purpose. Some may disagree with that but that again is why the project is open-sourced so if people have other ideas they can implement them.

    Sollars will be a centralized currency artificially market-pegged to the Dollar.
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    Offline graffenwalder

    You do realise that registering a delegate has a big fee, and that refunds aren't possible?

    My main concern here, is that you're underestimating the costs and resources needed for a Video DAC.

    Offline santaclause102

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    Thanks for you proposal!

    As you plan to make sollars and Sense a UIA do you know what legal requirements you have to fulfill since you would have to hold customer funds as collateral (the money (USD, BTC, BTS) customers give you to buy Sollars and Sense)?

    Did I understand this correctly. You want to start with a UIA as a currency for your platform (for purchasing video content, correct?) - the Platform at this stage would be hosted on a central server. The long term plan though is to make the platform into a (decentralized) DAC, correct? And so Sollars and Sense might not be a UIA anymore but a market pegged asset? How would this DAC work?
    « Last Edit: February 19, 2015, 11:14:00 am by delulo »

    Offline BunkerChainLabs-DataSecurityNode

    @onceuponatime -- this was your first reaction:



     :D

     +5%

    I think the videos you produce to promote bitshares while you work on the funding for the new Bitshare Video would certainly be awesome.

    Quality videos like these will go a long way.. perhaps create some with the intent of going viral? Others that maybe can work with news releases?

    Lots of possibilities. In the end, as long as the production is consistent.. it will definitely be a step up for bitshares eco system as a whole.
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    Offline onceuponatime

    My first reaction is that this is a very ambitious project and realistically far more than one man can accomplish working alone - even in the beginning.

    You will need a team. How are you going to pay them, even minimally, so that they can cover rent and food? In other words, let's see a preliminary budget and estimates of how much money you will need at each stage of the project. Not just for labor, but for whatever you are going to need as the project develops (ie. such things as office space, equipment, websites, advertising, servers, etc.) If you run out of funds before you get a cash flow to cover ongoing expenses it could turn out to be another broken dream.

    Have you got an inventory of what skills you are going to require, besides your own? For instance, you are going to need a dev or devs to do coding for parts of your project, yes? I hope you are not planning on poaching any of our core devs?  :'(  You are going to need to find and perhaps partner with such talent.

    Please don't let me discourage you. I just want to see financial plans fleshed out much as Edilliam wants to see the technical plans fleshed out.  It is an awesome vision, but needs the discipline of a business plan of the quality you would take to hard-hearted venture capitalists.  This will help you immensely.

    Offline carpet ride

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    Offline edilliam

    I like your videos and I particularly like your on screen presenting style, from the other video of you I have seen. Our community needs more people with your enthusiasm and creativity. I would vote for you as a delegate just to have you working full time on the BitShares branded videos btw.

    Let's get down to some questions:

    Can you give us a full history of your project? It looks like a lot of this content was created for previous pitches elsewhere. What worked, what didn't work etc in the past? How have you come to where you are now etc?

    Do you actually have any of the technical aspects worked out yet, or is this more of a vision of what could be? What happens if some of the things you have envisaged are just not possible? I would highly recommend working these details out in a white paper asap if not done already. I fear you have mainly approached this project from the content creation side and not the technical side.

    Some thoughts I have had previously in regards to creating my own video DAC that are relevant to this project are: Where will the content be stored, how will it be accessed, how much will this storage cost and how will these costs be handled by the DAC? Is data stored on a centralized or decentralized solution? What about data redundancy? What cut does the DAC take of the purchases? How will the cost of an existing CMS be managed or will a brand new CMS solution need be designed and built? Can anybody upload anything? If so, how will the legal side be handled such as DMCA take downs etc? If not, how will you decide what content is to go on the platform, who decides, how are they paid? Is playout limited to web streaming only?

    Also, do you have a team assembled or in mind already? How many people do you think this would take to make? What sort of timescales etc? This is a very ambitious project!  :D

    Offline liondani

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    Offline mf-tzo

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    Offline SolomonSollarsNSense

    « Last Edit: August 14, 2020, 08:11:38 pm by SolomonSollarsNSense »
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