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You have to wonder where all the money went, at least for AGS there was a public list of expenses. Here I can't help feel like it's all gone to travelling and "networking", which I'm sure has been productive but there's been talk of websites and a wallet being developed, did that actually happen?
I dont know what you think, but thats how crashing Projects always end up. Taking the funds, spending on numerous Events but in the end they all start to inform the "Investors" how bad everything around them is working out and that`s why no one can present you a single bit of what they "have been working on" for the last 16-20months.
Too bad, but i see another Investment just got burned in this stupid crypto world. Seems like ETH and FCT should have been my only investments
Who pissed in your cheerios man? These projects aren't exactly cookie cutter and yes a lot of them will fail. ETH and FCT are great projects as well but perhaps crypto isn't the space for you. I look at crypto as high risk with the chance of high reward. With that risk comes a huge chance of loss.
That said I don't think your investment is "burned up". The project is still alive, moving forward, and just about to get its name out there. Up to you of course - I'll be happy to buy your shares and sit on them for another couple years.
Hello everyone!
As some of you may know PeerTracks just had a week long gathering of the devs in Houston Texas. Since we’ve decided the Minimal Viable Product (MVP) needs to include streaming, we used the opportunity to get the whole team in one location and go over the entire business model from A to Z.
After having met the Kosovo guys (which are AWESOME might I add) in person, we locked ourselves is a house for a week with some whiteboards, post-its, stickers and really got down to business.
To say the week long design sprint was productive would be an understatement! It was extremely valuable. For the first 3-4 days we had epiphany after epiphany. This is going to be bigger than we all thought. And yet the purpose of the sprint was to get all ideas and features and possibilities down to an MVP. So although a ton a value was discovered, the road towards reaching it is now way shorter and simpler.
The goal was to find out what gives us the edge on the competition. What do we have that none of the big players have? What is our unfair advantage?
Well, we found it and are going to capture that market as fast as possible. The rest will be built on top of the MVP and all the extra little features will be added later on once we’ve established a presence in the music market.
Now I wish I could spill the beans and tell you guys everything we figured out and yes it’s very un-crypto of us to keep it secret…
BUT
We simply cannot go into details just yet. We are going up against Google, Apple and a bunch of Sharks in the music industry. They have the funding, they have the coders, they have the time, the lawyers, the contacts.
Yet we found our unfair advantage and are going to RUN with it.
To give you an idea of what I mean, think of google +
Google has the tech, the money, the people, and everything you could possibly imagine to create a great social media platform that could out perform Facebook. And yet, Google + still has not caught on, why? Because the community is what’s valuable. We cannot built a gimmick website that can simply be replicated by the big boys for a million dollars.
We have our unfair advantage and a beach head. We know exactly what we need to do in order to make it big (:
So just to keep it very general.
-We’ve figured out a way to make our back end cheap, fast and transparent. So much that it could change the crypto and tech worlds in general. BitShares Music might grow up to be much MUCH more.
-We’ve found a way, through the existence of Artistcoins, to benefit to small artist and the already a superstar artist.
-We’ve found a way to fix the Taylor Swift vs Spotify issue. Meaning huge selling point for BIG artists.
-We’ve found a way to make the best playlists out there. (appealing to users/music listeners)
-We’ve found a way to change the entire royalty tracking payment system.
And we’ve actually started testing the user interface with users to see if the non-crypto people get it.
More details will come out as we go of course.
We are planning on a soft launch in March. The goal is to have a working MVP of PeerTracks’ basic features and get a few hundred users testing everything out. Artists will also be able to sign up at launch and see what the blockchain can do for them.
From there, Eddie and I will work on getting additional funding in order to get our MVP all the bells and whistles it needs to be a full blown, scalable beast of a machine!
So thank you everyone for the support thus far. Very appreciated! We are doing our best to deliver a kick ass product ensuring that the network it rests on has a high value. I am no doubt biased on this but I think buying Notes was a good move ^^
Here are a few pictures of our week for those that are interested!
http://imgur.com/5yKSOnI&vwj4u2W&7qr9gJZ&qJJs2bO&ajydrBL&DzistkC#0
Wow, it is good that muse is holding its 1mio USD cap.
That means it might be considered a good pick for other exchanges.
One million is good? Wake me up when MUSE hits $10M. Someone named Bono is already a major holder. Steve Bono, the retired quarterback? The ghost of Sonny Bono? Oh, no. There can be only one.
