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Stakeholder Proposals / Re: Sollywood TV : Sollars and $ense Pre-Campaign Update + Proposal
« on: November 25, 2015, 06:51:39 pm »Hey LilJay no problem,
The platform [Sollywood TV and Sollars and Sense UIA] will be built on top of Bitshare's DAC/Wallet. We will be using Bitshares as a back end. So both Content Creators and Consumers who use the platform through their iPhones or Android devices will essentially be using Bitshares. And this is the Millennial generation we will be targeting (18-34 year old Male/Female). A highly sought after market of individuals. If Bitshares can capture this demographic with a killer application they actually want to use we win plain and simple.
My argument has always been the way to do that is through changing the content pricing system in Hollywood which consumers Hate and loathe in America (and Millennials are not adopting at all). Everyone is waiting for a better solution. Its a $200+ Billion industry just waiting to be disrupted like the Taxi system was waiting to be disrupted before Uber came along. That is what Part 1 is explaining. And just like Uber I am saying the Uber of the Hollywood and Cable Industry is our product.
Remember Bitcoin's market cap is $3-5 Billion with no clear utility for its technology in sight. The Content Distribution industry is $200+ Billion. Now imagine its disruptor being built on top of Bitshares. Cha-ching! There is plenty of room for growth and disruption in this industry and again Sollars and $ense UIA is going to be the key. Hope that clears up the confusion. If not let me know. Thanks!
So you are going to sell content to consumers and bitshares or bitassets or UIA's will be the currency? Bitshares makes money through transaction fees?
So people deposit usd to get access to content, this usd is then converted to bitUSD or some other bitasset and transferred to the creator. This way the creator doesn't have to deal with a bank... they can distribute to anyone. Does this sound correct?
Excellent! Yes Lil Jay its very close with very small tweaks. The user deposits USD with us ( and payment processor) and gets the UIA in return. They then use this UIA to interact with Content Creators and Content.
This way neither the User or the Content Creator deals with the Banks or any other middle man that would want a piece of any transaction should it have been in USD. Payment processors and banks are VERY SERIOUS about getting a piece of transactions that happen in USD. This is even at price points below a penny. So we do away with all that Red tape.
Once content creators make enough of our UIA they can exchange it back to USD or BitUSD. Or they can keep it in the system and use it for Sollar ads to promote their content and potentially rack up more audience members It is up to them.
Remember this system works for all content creators from Student Filmmakers all the way up to Hollywood Big Wigs. That is what is revolutionary in my humble opinion. Hope this makes $ense. Thanks for the thoughtful question.
Have you considered using MUSE?
https://bitsharestalk.org/index.php/topic,20191.0.html