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 

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.

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! 

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.

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 

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! 

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  ). 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

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  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.

ArHag as DataNodeSecurity suggested this is a very VERY timely post. Particularly for me as I am about to propose a new DAC project called BitShares Video (which is in line with my personal project). BitShares video will be the open-source component of my project Sollywood TV/Sollars similar to BitShares Music and PeerTrack.

The thread will go up either today or tomorrow on this forum. It will be in the 3rd Party DAC section. I would love everyone's input and discussion when it comes to financing, structuring and share dropping which was planned but needs to be strategic as Arhag suggested.

The main element of the project that still needs to be figured out are the issues we are discussing here. So this can be a practical use case for some of Arhag's ideas and everyone else who is interested in getting entrepreneurs on board to power BitShares technology and possibly all of us to the moon.

Anyone who talks to me knows that I believe what will gain BitShares a larger market cap is its technology powering entrepreneurs and consumer-friendly business ideas such as my own. We will not win this game trying to do what BitCoin has done or what Ethereum has done. If BitShares can be known as the new Linux for powering commercial businesses such as Apple etc etc and actually be powering an Apple, or a SnapChat or a Facebook-like consumer friendly business what kind of market cap do you believe we would have today?

No REALLY think about that...

We are the nerds in high school. They are the popular jocks. We need to remember who always wins in the end and stick to what we can do best. That may not be everyone's belief but it is mine and I am following through on it.

I am going to create explainers for the BitShares video project in the same vein as the ones I created for Sollars and Sense. I am creating the scripts now along with helping out the individual who is going to register my delegate bid and maintain it. Yes I found someone and we worked out a deal that is perfect for our current needs. He can name himself if he would like.

BitShares is missing a serious opportunity and I will be damned if I don't get you all to see that. Peace 

Hello All,

First I want to apologize for the late response I did not realize people were still responding to this thread. I am working on a separate thread for the Sollywood TV/Sollars DAC proposal so I completely tuned out to it. I'm very much still around and plan to be around 

I'll be on with Justin (Fuzzy) tomorrow at 1pm EST/12pm CST to talk about the DAC and my BitShares Delegate. Come join us for the Sollywood experience! Bring all the criticism/skepticism with you and we'll turn it into sunshine 

I'm still learning a lot but I know there is definitely a product/community fit here.

I read your proposal, watched one video http://youtu.be/Ny0nzALWh4k  and have to say you would have my vote 

Hey man that's awesome! I know its a bit much, but thank you for taking the time out to view it. I've worked very hard on everything and plan to continue that work ethic within this community. And I appreciate your vote of confidence. You won't be disappointed. There is more where that came from, just need support like yours 

I love your videos and presence on camera. Your YouTube videos each have like 5 or 10 views, though, which does not demonstrate to me that you are marketing your ideas (?) Your skill set is impressive and would be a big plus in this community. In order to get votes, your mission has to be really well defined to add value to the BitShares ecosystem. I can definitely see you being an important part of this going forward; I just know that other voters will want to see a more specific proposal for adding value via marketing (or whatever you choose to do). And there's a natural distrust of newbies who have not yet proven a commitment to BitShares, so that's why I think you could get more voter support for a delegate if either you stick around to help for awhile first and/or partner with someone here who is well known in the community and might complement your skill set.

Hey Donkeypong (awesome name by the way  ) Thank you for the compliments, the honest response and the constructive criticism. I've actually been around for a while. Ask CLains he can vouch for that. I call him Mr. Wonderful because he suggested a Shark Tank project last year which if I hadn't been distracted with a CS program I probably would have done. He's been on my ass to come out of the crypto-closet and be more visible and productive with the community. I'm the one who has been all over the place but thanks to him I'm here.

I don't believe I will have a problem gaining support from this community. I believe my character and my ideas speak for themselves. My hope is that my story will show I'm in this for more than the money. And if I'm going to go anywhere I need help and am willing to give my help and services in return. I made all that stuff you see on the website on a $0 budget. Nothing but passion for showing what I can do. The last project I got paid for I did as a favor for this project And as you can see we raised 3 times its amount working together on a great idea with my visual and creative direction.

You've seen what I can do alone by myself. Now think about what we can do together... To me that is what counts 

The details of what I plan to do and how I can be helpful will be discussed tomorrow with Justin. I'm excited for it.

I will set up his delegate should he wish to persue his idea.. he has asked me for help setting it up and I said I would host it for him as long as he pays the fee for registration.

I see you jsidhu  Haven't forgotten. Just trying to get my act together. Bare with me broski 

I'm really impressed with this.  You are a natural on camera.  Great presences, articulate, and easily understood.  Great style.
You could make some killer explainer videos / interviews etc.

I'm very interested in seeing where this goes.  Still trying to digest.  It sounds like a very ambitious project.

I can see your Sollars and Sense perhaps as a User Issued asset.   

A documentary featuring bitshares has some value as does your media aggregator platform and it sounds like you intend for this to be based and or run on the Bitshares network.

You've definitely put some effort into this. 

Thank you Xeldal for the kind words. I appreciate it. I did put a lot of effort into these and they were with no budget. I think the documentary could be huge too but I would need the community to back it if we are really going to go all the way.

I could also see Sollars and Sense as a User issued asset too. I'm very open to that. All I really care about right now is adding value where I can. I've presented some ideas but I'm open. Thanks again for checking it out.

Welome Solomon.

I agree with Xeldal you got some video skills.

Reading over your proposal there is a lot going on. One thing I didn't see that is going to be probably paramount to others here is what you plan to do for reporting. Can you outline how you will be communicating your progress to the community in a succinct way?

Hope you are successful!

Jonathan

Hello Jonathan. Thanks for checking the proposal out and the kind words. I know its a lot. I just wanted to be as thorough as possible. May have over did it though. In the New Money White Paper (which I just posted today) (Its even longer  ). I have a section that goes over the basic Hollywood phase structure which is

1. Pre-Production
2. Production
3. Post-Production
4. Distribution

I would imagine my reporting on any type of content to the community would come once each phase is done for any given content (x). It's useless to set time tables and set deadlines at this time if we don't know the exact type of content. Something like my Sollars 101 vids may take 4 to 6 days to go through all the phases while a Documentary like New Money: Here's to the New Crazies" would take 4-6 months to even a year.

But I can say with confidence there would be an acknowledgement of starting and stopping of each phase directly to the community. I am also open to suggestions as I don't know how things are done around here in detail. I can adapt my reporting to any method. Thanks.

We are not interested in selling the mainstream audience BitShares, but rather our product - BitAssets.

Sumantso thank you for checking out the proposal I appreciate it. Yes I understand you are not interested in sharing the mainstream audience BitShares and that is very smart. That is why I proposed to have Sollars and Sense/BitShares + BitAssets at the center of the New Money documentary as I believe it could appeal to the mainstream audience. I am also clarifying that I am open to the idea of Sollars being a user-issued asset. Thank you.

Is there a conflict of interest here at all? You developed a new currency but wanted to use bitshares for economic reasons? Why not use bitshares and create an asset as a base for your currency and be done with all of the economic issues you faced in creating a new currency?

Seems like your goals closely align with the goals of this project ie: BitUSD thus it makes sense to use bitshares to further accomplish creating a world of people "who value life liberty and the pursuits of their own economic happiness" which oddly resonates with BM's goal.

Hello jsidhu. Thank you for responding. Conflict of Interest? Only if one sees money as a zero sum game can there then maybe be a conflict of interest. Still I don't think so. As I stated in the post I got into the digital currency game because of Sollywood TV. Sollars and Sense has no technology behind it. Its simply a brand at this time with potential.

I am open to it being used as an user-issued asset for Sollywood TV. I presented a number of ways I could move forward as a Delegate besides SollywoodTV/Sollars and Sense. I can make content like I did for myself for BitShares. But that takes funding and is not cheap. Yes BM and myself have very similar philosophies  .

Hello All 

I apologize for the late reply. Yesterday was the Super Bowl and we had a snowstorm blow through Chicago. Today was my birthday so I did a little celebrating (27) 

I'm going to start replying to everyone. Thanks for checking it out. I appreciate it.