Author Topic: Unanswered question thread  (Read 9572 times)

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Offline cob

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Re: Unanswered question thread
« Reply #30 on: February 01, 2016, 05:26:00 pm »
Who is still on the Team?
The original members of the team are still part of the project, nothing has changed. There are only four stock holders in PeerTracks at this time.

Is Eddie still around?

Yes, Eddie is CEO of PeerTracks. Naturally he is still there.

When will you provide a working website for Troopeers, PeerTracks and MUSE?
Leaving Troopeers out of this for now as this will have an update of its own.
If you are referring to landing pages, the one for PeerTracks will stay as is for the time being.
In regards to the MUSE information page, Cass showed me a page he had designed for it. It’s based off of the read M logo he and Pendragon3 did. Real slick. I’d like to get him to do the changes to both the red logo and that MUSE page.

If you are talking about the web app, the PeerTracks platform is complete, as it stands today, it only needs to be integrated with MUSE.

As far as the MUSE client goes. That’s not getting revamped. It was just updated to where BitShares is today. The interface for MUSE is going to be PeerTracks anyway… at least for 99% of the users.


Can you publish a document of how you have spent the crowdfund money?

We can give you a very general recap of where the fund went and continue to go.
The biggest expense was the development of the PeerTracks web app. This includes all standard features like streaming, playlist creation, downloading/purchasing of song files, following artists, liking songs, channel creation. It also included project specific features like buying of UIAs, and the front end of a basic wallet to see your tokens. Added to that is the GUI for the automatic royalty payment splitter and song metadata. I can dig out a video of that, which might bore the non-music crowd but should excite the musicians on the forums! Finally there is the advertiser portal that was created to allow brands to partner with Artists. That’s it for web app dev.
Then there’s the blockchain development cost. Keep in mind funds went into helping fund codebase production that was required for both MUSE and BitShares. On top of that was MUSE specific work.
Legal fees.
Lawyers aren’t the cheapest chaps in the land! This project requires different specialists: Corporate attorneys, Trademarks specialists, Crypto-currency lawyers, SEC specialists and Entertainment industry attorney.
Moving on to the more business side of things. Such as attending key events to make our presence known, network and build up extremely valuable contacts… not to mention learn learn learn. This includes travel related expenses for the NYC, Las Vegas and Texas bitcoin Conferences, but most importantly the music specific events like the Entertainment Law Initiative, The Grammys, MIDEM, The Future of Music Policy Summit and Berklee’s Fair Music Open Forum event.
Finally there are marketing expenses in this I include a couple sponsorships, which turned out to be a great move. (Eddie really educated me on the value those can have!)
Keep in mind we have only covered expenses, we haven’t paid ourselves. I personally have been on this full time for about two years with no salary coming in. I just want to put that out there to put it into perspective.
I did a small raise of capital for stock in the PeerTracks company here in Canada because I had friends and family wanting to invest into PeerTracks itself. At the moment all expenses of the project are funded by the CEO.
We are now prepping for a spring or summer raise, which aims to be the biggest yet.
Everything we have done to this point was to set the stage and ensure both PeerTracks and MUSE have a foundation and can now rise in value. If anyone in the community is interested in PeerTracks, contact us. Many opportunities are available.

Will you be releasing a working product before you being your next round of financing?
Yes.

Has BitSapphire succeeded or failed to deliver a working product? Do you still have a relationship with them?

BitSapphire has completed their task and relationship with PeerTracks. We are now moving to a more internal approach. The hiring process has begun. They did much of the heavy lifting as far as development, fundraising and early day consulting goes. We are still on good terms and will most likely work with them again in the near future.

What technical obstacles must be overcome before launch?

As far as we can see, it looks like smooth sailing ahead. Unless we find a fundamental flaw in the Graphene codebase while integrating PeerTracks to MUSE, everything should be fine.
Once the basic functions are there, we will insert the automatic payment splitter in MUSE and start a muse_USD market to allow us to Launch PeerTracks with all its features.

Are you willing to commit to publishing updates at regular intervals?

Yes we can. However the product is going to launch soon, at that point, most of you will probably all be using it either as testers or regular users. Also our NYC-based PR firm will be releasing general write-ups for us on the mainstream media. Those should contain good nuggets of info as well.

Will you be releasing a project plan?

No.

Have you secured a way for artists to create Tokens and users to get money into the system through Credit Card?

Yes. Users will be able to purchase Tokens with credit card directly. As far as funding their account with muse_USD, this requires a gateway like CCEDK – which can be seamlessly tied into the site like ebay is to paypal.

With your current funding level, will you still have enough to release the initial product?
Yes. More funding would merely speed up the process since we could hire more full time devs.
We are always looking for more funding and would entertain any accredited investor wanting to explore coming into PeerTracks as a stockholder.

What are your plans for SXSW?

We will attend and have a street team interfacing with the crowd/public walking the streets passing out cards and banners. SXSW is such a crowded space/event you can get lost in the shuffle. The days of launching your new app at SXSW are pretty much gone. You get drowned out in the noise. It was recommended we attend SXSW as a place to set up important meetings and make valuable connections. This is what we intend to do.

Has PeerTracks already paid the marketing firms upfront for work or is that another upcoming expense?
PeerTracks has an internal team inclusive of Eddie’s marketing and promotional experience as well as a PR team based in New York, which is paid on an ongoing monthly basis.

Why wasn't there more transparency over the last few months when PeerTracks was running into difficulty?
Eddie’s father passing away took out our CEO and I had to step in double time during that period as work stacked up. This all happened during the Washington event at the same date MUSE was launched. Still Eddie made it to NYC a week later for the important meetings we had lined up. Those were difficult times, great things came out of it and all is good now but at that time, I was under water with many shoes to fill.
Eddie always states in interviews that his dad is the reason he is in the music business so you can imagine the emotional strain. I can say that he is back and louder than ever.
Also, It made no sense to update people about internal difficulties with our partners (which cost us time and money) until we had resolved the issue. An update during those weeks would have caused 1000x more speculation and rumours than we see today. And as stated above, as of today, everything has been resolved and we are moving forward again. We are moving faster, have more traction and we are finally starting to see the light at the end of the two-year long tunnel.







Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline Riverhead

Re: Unanswered question thread
« Reply #31 on: February 01, 2016, 05:27:10 pm »
So I cant buy more at Metaexchange? :(

Metaexchange MUSE/BTC is alive and well. I have been noticing sometimes it says 0.0000000 available and I've reached out to their developer Monsterer about it. Seems to be an intermittent display issue.

Never the less the large movement of funds from liquid-muse to the staging account was indeed paying back loans I had used to get instant liquidity on the pair. Over the last while I have been investing a lot of my own money in Muse and therefore have the depth to fund the pair independently.

Offline Marky0001

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Re: Unanswered question thread
« Reply #32 on: February 01, 2016, 06:28:18 pm »
- what about the exchanges?
- poloniex, chinese exchanges?

- if you are raising new funds what relevance will our muse investment have then? I mean not a single word about muse and liquidity


Offline bitacer

Re: Unanswered question thread
« Reply #33 on: February 01, 2016, 06:36:13 pm »
So I cant buy more at Metaexchange? :(

Metaexchange MUSE/BTC is alive and well. I have been noticing sometimes it says 0.0000000 available and I've reached out to their developer Monsterer about it. Seems to be an intermittent display issue.

Never the less the large movement of funds from liquid-muse to the staging account was indeed paying back loans I had used to get instant liquidity on the pair. Over the last while I have been investing a lot of my own money in Muse and therefore have the depth to fund the pair independently.

It shows 0.0000 for me all the time . Would like to get some more after this update.

TravelsAsia

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Re: Unanswered question thread
« Reply #34 on: February 01, 2016, 06:53:09 pm »
- what about the exchanges?
- poloniex, chinese exchanges?

- if you are raising new funds what relevance will our muse investment have then? I mean not a single word about muse and liquidity

There's been a few of us already in contact with the exchanges (ClayOp, Xeroc and myself come to mind). I know Xeroc was following up with Poloniex, I will follow-up with Bill from Bittrex tonight. Not much luck on the Chinese exchanges so far from my end. 

I will do some inquiries tonight and update the community by Wednesday.
« Last Edit: February 01, 2016, 06:55:45 pm by TravelsAsia »

Offline Marky0001

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Re: Unanswered question thread
« Reply #35 on: February 01, 2016, 06:56:07 pm »
- what about the exchanges?
- poloniex, chinese exchanges?

- if you are raising new funds what relevance will our muse investment have then? I mean not a single word about muse and liquidity

There's been a few of us already in contact with the exchanges (ClayOp, Xeroc and myself come to mind). I know Xeroc was following up with Poloniex, I will follow-up with Bill from Bittrex tonight. Not much luck on the Chinese exchanges so far from my end.

so why are exchanges not interested?

I was pushing Muse in the poloniex trollbox and someone said "No reason for adding muse, because it will be dead soon anyway"

No i might understand why poloniex is not adding...

What will happen? People will dump to sub 100sat? The liquidity is key right now. Some weeks ago MUSE had over 30k of volume, what was this?

btw: thats the link to the article from Germany:
http://www.sueddeutsche.de/digital/lieder-kaufen-im-internet-nach-bitcoin-blockchain-soll-musikindustrie-auf-den-kopf-stellen-1.2751548
« Last Edit: February 01, 2016, 06:57:45 pm by Marky0001 »

Offline bitacer

Re: Unanswered question thread
« Reply #36 on: February 01, 2016, 06:59:11 pm »
What does it say ?

Offline Marky0001

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Re: Unanswered question thread
« Reply #37 on: February 01, 2016, 07:06:04 pm »
What does it say ?

most of the media focus is on Ujo, because peertracks lacks some basic explanations in their business model.

Ujo seems to address major artists while peertracks is out to for small talents.

Maybe someone could translate that article it is a real "in depth" text so i was REALLY surprised that someone from sueddeutsche.de really had the time to elaborate this topic.

Sueddeutsche.de is more or less comparable to NY Times in Germany.


Während Barrys Arbeit mit der Band Radiohead, die bekannt dafür ist, mit neuen Wegen des Musikvertriebs zu experimentieren, stieß er auf die Blockchain.

Alle Transaktionen von Ujo sollen über die quelloffene Blockchain von Ethereum abgewickelt werden. Anders als Peertracks ist Ujo nicht als Ladenzeile für einfache Nutzer geplant. "Niemand kann erwarten, dass Musikfans etwas machen, was komplizierter als das ist, was sie bisher kennen", sagt Barry. Ujo soll im Hintergrund funktionieren. Als Datenkatalog für Musikrechte könnte es Andockstation für etablierte Player wie iTunes oder Spotify werden.


- While Barry was working with the band Radiohead which is known for being open for new ways of music distribution, he encountered the blockchain.

- All transactions in Ujo will be managed by the ethereum blockchain. In contrast to peertracks Ujo wont be this kind of "record shop" for average users. "You cannot expect the users to adapt to more complicated stuff than they are already used to", says Barry.

- Ujo will run in the background. A form of database for music rights which can be used as interface for players like iTunes and Spotify.
« Last Edit: February 01, 2016, 07:16:35 pm by Marky0001 »

Offline Riverhead

Re: Unanswered question thread
« Reply #38 on: February 01, 2016, 08:13:23 pm »
So I cant buy more at Metaexchange? :(

Metaexchange MUSE/BTC is alive and well. I have been noticing sometimes it says 0.0000000 available and I've reached out to their developer Monsterer about it. Seems to be an intermittent display issue.

Never the less the large movement of funds from liquid-muse to the staging account was indeed paying back loans I had used to get instant liquidity on the pair. Over the last while I have been investing a lot of my own money in Muse and therefore have the depth to fund the pair independently.

It shows 0.0000 for me all the time . Would like to get some more after this update.

So the issue was someone sold the pair a few million MUSE which put a strain on the BTC pool. This meant the market maker couldn't function because the imbalance is too great. I've removed a large chunk of MUSE to restore the balance. While the pair provides liquidity there are also arbitrage plays to be made against other exchanges and this causes pairs to get out of balance and lose money. I am happy to break even to providing liquidity but there's only so much bleeding I'm willing to do servicing the arbitrage of markets :) .

TravelsAsia

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Re: Unanswered question thread
« Reply #39 on: February 01, 2016, 08:31:06 pm »
- what about the exchanges?
- poloniex, chinese exchanges?

- if you are raising new funds what relevance will our muse investment have then? I mean not a single word about muse and liquidity

There's been a few of us already in contact with the exchanges (ClayOp, Xeroc and myself come to mind). I know Xeroc was following up with Poloniex, I will follow-up with Bill from Bittrex tonight. Not much luck on the Chinese exchanges so far from my end.

so why are exchanges not interested?

I was pushing Muse in the poloniex trollbox and someone said "No reason for adding muse, because it will be dead soon anyway"

No i might understand why poloniex is not adding...

What will happen? People will dump to sub 100sat? The liquidity is key right now. Some weeks ago MUSE had over 30k of volume, what was this?

btw: thats the link to the article from Germany:
http://www.sueddeutsche.de/digital/lieder-kaufen-im-internet-nach-bitcoin-blockchain-soll-musikindustrie-auf-den-kopf-stellen-1.2751548

I wouldn't take anything said in Trollbox seriously. It's like sitting down at the cool table of some US high school lunch room.  From my understanding, before the newest client upgrades, there were challenges with Poloniex importing their MUSE. Xeroc helped get that resolved. I would expect to see it on there sometime soon.  If we don't hear any movement this week, I will follow-up.  BItcoin crapcoins can be added without much thought, BitShares products are a different beast. We saw evidence of this from BTER where they didn't upgrade to 2.0 for the longest time (not sure if they finally handled it).

This isn't a Cob issue at all.  It's just time until we're added, there's people as I mentioned in the previous post donating time to help convince exchanges to add it.   As for Chinese exchanges, I believe we'll have some challenges with BitShares history of dillusion. That's just my opinion, we'll keep plugging away at it.

Offline cob

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Re: Unanswered question thread
« Reply #40 on: February 01, 2016, 09:06:36 pm »
- what about the exchanges?
- poloniex, chinese exchanges?

- if you are raising new funds what relevance will our muse investment have then? I mean not a single word about muse and liquidity

I think exchanges will integrate it once we show MUSE has a use other than a mere speculative altcoin.

A fundraise will no dilute MUSE. We would simply be raising funds as the peertracks corporation in order to get more devs on board and really bring use cases to MUSE.
Think of it like coinbase raising money to make a better Bitcoin ecosystem, bringing in new users and use cases, etc.

Regarding that german article. I'm happy the industry is really diving into the subject of blockchains + music. UJO has a product out. And as Phil Barry says, they are more of a backend, B2B type of service.
We are different in that way. You will see much more hype from the general public once we begin showing off the basic platform. UJO is really interesting for the musician. PeerTracks & co will be interesting for the musicians, the fans and the labels... and the non-music crowd which I'll go into further detail at a later date.
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline Marky0001

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Re: Unanswered question thread
« Reply #41 on: February 01, 2016, 09:26:30 pm »
Is it realistic to switch to ethereum at any point in the future?

It looks like ethereum is a real deal breaker here....

Offline Riverhead

Re: Unanswered question thread
« Reply #42 on: February 01, 2016, 09:31:56 pm »
Is it realistic to switch to ethereum at any point in the future?

It looks like ethereum is a real deal breaker here....
Deal breaker in what sense?

Offline Marky0001

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Re: Unanswered question thread
« Reply #43 on: February 01, 2016, 09:49:15 pm »
Is it realistic to switch to ethereum at any point in the future?

It looks like ethereum is a real deal breaker here....
Deal breaker in what sense?

Ethereum is like google in terms of blockchain businesses and bitshares... Well... is just a small note one a big piece of paper..

If Muse was related to ethereum it might have better chances of being talked about.

Offline Endless

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Re: Unanswered question thread
« Reply #44 on: February 01, 2016, 10:04:36 pm »
I looked at the ethereum website, https://www.ethereum.org/ you mean this site? I don't understand what it would do? Would it replace MUSE or just help someone work with it?