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Messages - bitsapphire

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76
General Discussion / Re: RETWEET Moonstone.io Launch Announcement...NOW!
« on: April 09, 2015, 09:43:48 pm »
Quote from: rgcrypto on April 09, 2015, 09:30:41 pm
1. Do we have a plan for ranking on subreddits?

1. Not yet. It seems it is super difficult to get on reddit with non-bitcoin stuff. We think our primary target should be:
  • Other forums (not necessarily crypto)
  • Other mailing lists
  • Blogs, blogs, blogs. We need to get on blogs, but many of them asking for 200-300 USD per post, which rarelly makes financial sense. We should do a blog storm and organize several bloggers to write about us, maybe even just form our own community.
  • More videos, especially interviews. Does anybody know any vloggers or podcasters? That is super effective!

Quote from: rgcrypto on April 09, 2015, 09:30:41 pm
2. Is there a place where we can see the details of the offer on the website?

Could you please explain that some more?

77
General Discussion / Re: Moonstone Fundraiser Help Thread
« on: April 09, 2015, 09:24:31 pm »
Quote from: nomoreheroes7 on April 09, 2015, 05:23:11 pm
What if we want to do multiple donations? Would you just send some more BTC at a later time to the same BTC address you generated when you first created the wallet?

Is there any way to check and see whether our donation was received and our wallet credited?

That works and we have tested it. Your MOONFUND price is calculated based on the exchange rate at the time of the first BTC confirmation. If you send funds again there you'll get a new exchange rate.

78
General Discussion / Re: Moonstone Fundraiser Help Thread
« on: April 09, 2015, 09:21:22 pm »
Quote from: Bitcoinfan on April 09, 2015, 05:14:30 pm
What happens when you reach your goal?  Will you still refund the donations made after $150k with 15% yield?  What if you had 500k dumped on your site.  Is there anything preventing you from meeting the target of 15% yield for 500K in donations?

If we get 500k dumped then that will be the least of our worries :). We would be able to integrate Bitcoin much faster, create a decentralized bridging service, and decentralize the server setup into an oracle setup. Not to mention that we could start with the modularization of the system for future plugins too. If anything like that happens we'll figure out an even better way to compensate everybody!

Assuming though we simply pass the 130k goal, based on our calculation and the current BTS exchange rate up to 300k USD worth of MOONFUNDS should be no problem with 5 delegates.

Does that address your concerns?

79
General Discussion / Re: [FINAL ANNOUNCEMENT] Moonstone.io development and crowdfunder diary
« on: April 09, 2015, 09:16:29 pm »
Official Metaexchange and Bitsapphire cooperation announcement https://bitsharestalk.org/index.php/topic,15607.0.html

80
General Discussion / Re: RETWEET Moonstone.io Launch Announcement...NOW!
« on: April 09, 2015, 09:12:31 pm »
Quote from: favdesu on April 09, 2015, 09:05:57 pm
Quote from: bitsapphire on April 09, 2015, 09:03:18 pm
Guys you're absolutely awesome! Thank you so much everyone, especially rgcrypto!

Let's make this happen.

We've already got so much good feedback form everybody. Looks like we'll have a long weekend adding marketing material and appropriate changes to the fundraiser page.

Any Marketing materials you would like to use for social marketing?

An affiliate system :)

Any platform or technique you are already familiar with or would suggest?

81
General Discussion / Re: [FINAL ANNOUNCEMENT] Moonstone.io development and crowdfunder diary
« on: April 09, 2015, 09:11:36 pm »
Trezor compatibility is being tested. Initial tests look promising.

If we reach our funding we'll definitely add Trezor compatibility to our milestones!
https://bitsharestalk.org/index.php/topic,15604.0.html


82
General Discussion / Re: Will Moonstone be Trezor compatible?
« on: April 09, 2015, 09:09:37 pm »
Quote from: luckybit on April 09, 2015, 02:26:25 pm
https://github.com/trezor/connect
Trezor connect looks good and the code is extremely clean too.

We're way ahead :D
Already testing BTS with Trezor, lots of things already work. This fundraiser can make the integration possible within 3 months to develop it.


83
General Discussion / Re: RETWEET Moonstone.io Launch Announcement...NOW!
« on: April 09, 2015, 09:03:18 pm »
Guys you're absolutely awesome! Thank you so much everyone, especially rgcrypto!

Let's make this happen.

We've already got so much good feedback form everybody. Looks like we'll have a long weekend adding marketing material and appropriate changes to the fundraiser page.

Any Marketing materials you would like to use for social marketing?

84
General Discussion / Re: [FINAL ANNOUNCEMENT] Moonstone.io development and crowdfunder diary
« on: April 09, 2015, 08:58:37 pm »
Quote from: clayop on April 09, 2015, 08:55:20 pm
If kind of screenshot, or demo video is provided in pace with the launch, it would be better. People still cannot believe why Moonstone is important and how it is awesome.

Great Idea clayop!

I think a row of videos and giving more visual importance to the potential 15% return might be super important.

Anything else we should add or change?

85
General Discussion / Re: [FINAL ANNOUNCEMENT] Moonstone.io development and crowdfunder diary
« on: April 09, 2015, 08:42:38 pm »
Quote from: onceuponatime on April 09, 2015, 06:05:44 pm
My first donation has 8 bitcoin confirmations - but the funded amount on moonstone.io hasn't budged from $3,797  -  2.92%funded.

I'm not worried - my MOONFUND shares showed up in my wallet after 1 confirmation. Just wondering and wanting to be able to see the progress.

The bar is being updated manually at the moment as our Metaexchange integration script was insufficient to handle some exceptions. We'll fix that by tomorrow.

Your donations will all go to good use, that is important!

86
General Discussion / Re: Moonstone Fundraiser Help Thread
« on: April 09, 2015, 03:53:01 pm »
Quote from: lil_jay890 on April 09, 2015, 03:41:18 pm
Ok maybe you can dumb this down for me.  Say I have $100 to invest.  I think bts is going to be 100-500% higher within the next 6 months.  Shouldn't I just invest in bts since that return will be much higher than the 15% moonstone is offering?

If you think BTS is going to be worth 100-500% in a few months, then you would want to accumulate as much MOONFUND as possible (not investment advice, just saying). You can get 15% more BTS in the long run with your 100 USD by buying MOONFUND than by putting your money directly into BTS.

Concretely, if you want to spend 100 USD today on BTS you can get 18,000 BTS,
If you donate to Moonstone you can get 20,700 BTS in the long run.

I would really like to know whether that was simple enough. We'd like to include a simple explanation for our newsletter today. Please let us know what you think!

87
General Discussion / Re: Moonstone Fundraiser Help Thread
« on: April 09, 2015, 03:46:24 pm »
Quote from: liondani on April 09, 2015, 02:58:53 pm
"Upon donation you will receive 1.15 Bitsapphire UIAs, meaning, for every dollar you put in an additional 15% will get back to you in the form of a buyback over the next 5-30 months."

Can you clarify when exactly we get back our "donation"? In 5,6,7... our 30 months? Suppose the BTS market cap increase the next months and the $130000 will be collected from your 5 elected delegates  in 9 months from now... does it mean it mean you release the fund then our gradually  every day for example? (something like vested funds)

The text should update any time now to reflect the changes to BTS rather than USD. Based on the community feedback we decided to switch the repayment in terms of BTS as everybody in the thread and the poll is long on BTS. People want to make a return in in terms of BTS.

Considering that the delegate repayment rate is practically constant the repayment will also be constant (on a daily basis). We will place 1:1 orders on the market for MOONFUNDs every day with the delegate funds.

This means that the only variable (assuming delegates are voted in as planned) is what the price of BTS in terms of BTC is during these 30 days, and how much we raise. Once the fundraiser is complete it should be predictable how long it will take for the buyback to complete.

88
General Discussion / Re: Moonstone Fundraiser Help Thread
« on: April 09, 2015, 03:29:12 pm »
Quote from: maqifrnswa on April 09, 2015, 02:55:32 pm
Quote from: tonyk2 on April 09, 2015, 02:46:44 pm

1. Are the prices on metaexchange.info and moonstone.io different by design?

2. If this funding goes real well - Are you gonna end it at  ~130K USD or you gonna let it run for the while 30 days, collecting say 200K USD?

metaexchange.info is just the current exchange pricing determined by the market (not moonstone.io). It should be traded theoretically at a 15% discount to what BTS are worth now, anything off of that is an arbitrage opportunity. Right now 1 BTC = 44k BTS, and 1 BTC=51k MOONFUND, so it looks about right.

EDIT: Also, MOONFUND exchanges shouldn't count to the crowdfunding campaign, since it is done outside of crowdfunding.

(MOONFUND is the right UIA, correct?)

That's incorrect - bitsapphire is running a metaexchange node to support this fundraiser in partnership with us - the prices on metaexchange are the live fundraiser prices with no markup :)

MOONFUND is the official token, yes.

@tonyk2 The fundraiser will run for 30 days, just like a kickstarter. Whatever is collected will go to operations and an explainer to how the funds will be used ill be released regularly.

89
General Discussion / Re: Moonstone Fundraiser Help Thread
« on: April 09, 2015, 02:16:13 pm »
Quote from: Riverhead on April 09, 2015, 02:05:43 pm

Any issues donating directly from Coinbase to my assigned BTC address?

No issues. You can donate from any BTC address. The tokens are send to your newly generated wallet directly.

90
Follow My Vote / Re: "Blockchain Apparatus"
« on: April 09, 2015, 01:47:38 pm »
Interesting. I don't see anybody technical on that team?

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