Topic: [ANN] Lampix Token Launch - Bringing Blockchain Image Mining to A/R Systems - page 4. (Read 16850 times)

Phil, do you have any news about bounty?

I think its a myth and exaggerated (dramatized by headline events in the media) that cloud storage is less secure than the older traditional methods.  Many enterprise level businesses use cloud storage, there is a high priority for companies who provide these services to be as secure as possible.  As long as it's properly secured, which is the key it will be at no more of a risk than traditional methods.

This is more of a philosophical discussion but I don't think just because there always will be small groups or individuals in society attempting illicit activities that they should be pandered too and everything should be made "free" based off the idea that they will always exist.  I know that's not your exact argument but you have to remember there are always indirect consequences to everything so with any extreme or drastic ideas it becomes complicated in measuring the real effect.  These are just my opinions though not the company so I won't discuss it too much here.

Simply put, the system we are building is a marketplace of image datasets incentivized by the PIX token and driven by demand in the computer vision and machine learning fields.  We expect computer vision and machine learning to strongly increase in growth which in turn will grow the demand.

With regards to the higher PIX value making it more lucrative and desirable to image mine I don't think it's a topic that is being avoided but just the opposite, I think that's what we want.  So as you explained, yes you are right, it would be better for the mining and building the ecosystem if the PIX price increased.  Similar to what happened last year with ethereum which rose in price dramatically and you saw a lot more people mining as a result as well as graphics cards being sold out for a period of time.

Thank you, so you'll prevent piracy by storing data in the cloud. Doesn't sound like a very solid plan. Let's hope you'll be making so much money it won't matter. What could you do? This sounds crazy, but embrace piracy and learn to use it to your advantage or get plundered by pirates.


Sure, anyone who buys a lampix thinking they can pay it off by mining for 2 months will realize at $2.85/hr, that's a lot more work than how it initially sounds. Historically in crypto, a higher mining difficulty = higher price. If I were image mining, you wouldn't be able to separate a pix from me for less than $1 because I place a lot of value on my time....

So, higher pix value = better talent mining images. Why is this not discussed, and actually avoided as a topic?

When can I find out the results for the bounty? Is there a date?

The actual image datasets are not stored on the blockchain due to size limitations, rather it will be a hash address for the image and the images will be in a separate cloud storage.

Can you expand on what you mean by "Hence, the value of pix will increase rapidly to working image miners."?

At the beginning as we build the ecosystem there will be an incredible need for mining images to build up the datasets.  You can view this as a marketplace as well.  Companies that need specific image datasets for computer vision and other projects may also have the capability of putting up bounties (Increased rewards) for the specific image datasets they need.

So as there is demand on the buyer side (people needing specific images) the demand must be met on the seller (uploader side).

the images are decentralized on a public blockchain, and since you intend on charging pix to access the data sets, how do you intend to stop people from forking/pirating it?

Should the above question even concern the lampix company since the dataset blockchain would be owned by the pix holders? How does lampix benefit from pix having a high valuation?

Working 316,800 seconds a month for 2 months in order to pay for a $500 device is the equivalent of working for $2.84 an hour, which you state is 4x more profitable than voting. The thought that someone could find a new quality object to image every 10 seconds is not very realistic. Hence, the value of pix will increase rapidly to working image miners. Why has the future value of pix not been addresssed?

Lampix platform explained with details, video focused on developers and R&D firms.

What is Lampix and how does it work ? What can you do with it ? We believe Lampix will impact humans as much as computers or smart phones have.

https://www.youtube.com/watch?time_continue=1&v=4r8lxnx2wXM

it's normal bro ,take it easy .most of altcoins crash because btc .

- 28% today; I would have loved to have discovered PIX only today damn it is becoming a real bargain ;

Let the Management do his job; Phil, do not hesitate to get in touch with us to share some tangible news like you did!

Have a good day guys,

And remember: Buy when people sale, Sale when people buy; today is more interesting than 1 week ago. But never catch a failing boat; so assess the innefficiencies of the business wisely ;

Today nothing but its price has fundamentaly changed with Lampix, let's not forget (when it reach 1 cent , ok it will be bad.)

It's been awhile that I had visited their thread and at that time I was already impressed by their Lampix device.
And the people behind this are real and seems that they are really developing this product.
Also, this kind of project doesn't need airdrop unlike other tokens out there.
From my perspective, once their product is out in the market, this will really be a good one to watch for.

Dear Phil,

Many thanks for your prompt & detailed answer; it is indeed of paramount importance to clarify these points; many Token buyers are thinking the business like impulsive guys acting who could do more to follow proper due dil jobs before putting money in projects, and they will cry in few months because of that; and your project will then be more fairly valued.

I am convinced that when a huge market correction will emerge, with BitCoin & Altcoin crashing to 2016 low levels, (and even if not) Lampix will remain a stabil player as everhthing, as described in my precedent post, is there to bring real eco impact & you have the intrinsiek value of your tech & product to back it up.

Projects like yours are the reason why blockchain & cryto will enter into the real economy of daily life, and changing it.


I am a value investor and your project, in the context of Cryptocurrencies & Tokens, Lampix is a no-brainer at the moment;

I will contribute by following your project & reacting on twitter & co  ;

Best regards,

Alex

Looks very promising. I'm looking forward to a more transparent bounty program with an overview how much you get for how much views etc...
Please keep us updated. Thanks!

Hello again everyone.  Here is a summary of announcements and discussions consolidated from all our communities over the past 2-3 weeks that you may have missed.  I’ll try to recap what’s going on every 2-3 weeks:

Official December 2017 Update:
https://docs.google.com/document/d/17UfYsdWhBpT0j1qvNulbfcbZ8gFT5uPW7OlJ7-lKkVY/edit

Upcoming Event:
The Future of Mixed Reality is on the Blockchain Jan 18th NYC:
https://www.eventbrite.com/e/the-future-of-mixed-reality-is-on-the-blockchain-tickets-41521768728

Announcements
PIX added on exchanges BigOne and DEW.

Press/Media Mentions
George Popescu, Lampix CEO, interviews with The Investor (The Korea Herald): http://www.theinvestor.co.kr/view.php?ud=20171222000596

Lampix named best AR Display for 2017 by Next Reality:
https://next.reality.news/news/best-augmented-reality-2017-0181868/

4 Augmented and Virtual Reality Projects That Point to the Future of Education:
https://www.edsurge.com/news/2018-01-03-4-augmented-and-virtual-reality-projects-that-point-to-the-future-of-education

BlockchainMix: How Decentralized Technology and AR will Change the Travel Industry in 2018:
https://coinidol.com/blockchainmix-how-decentralized-technology-and-ar-change-travel-industry/

Five Ways Blockchain Is Bringing Mixed Reality Into Our Lives:
https://coinidol.com/five-ways-blockchain-is-bringing-mixed-reality/

Videos:
Tour of the NYC Office: https://www.youtube.com/watch?v=aYEE_aWcr6M

Interview with CEO, George Popescu on ICOs as a new form of funding for startups: https://www.youtube.com/watch?v=C5PylveaYIU

Discussions/FAQ

Are you considering integrating your product in other devices than a lamp?
(As answered by George Popescu, CEO) Lampix will be just one device that will use the PIX ecosystem. Many more devices will be able to use it.  The vision is for Lampix to be like an Operating System that runs on any hardware.  For now nobody else makes Lampix compatible hardware but we are talking to multiple firms.

More Kickstarter details
The Kickstarter will be launched by March with delivery in the summer.  Expect at least 3 apps, one of which will be a mining app.

Cost of the Lampix Device?
Lampix will be affordable for the home and workplace at around $400.  It will come with a mining app so you will be able to earn back the cost and you will also be able to purchase the device using PIX.  The price in PIX has not yet been determined.
Can we have an in-person demo or be able to test the device?
You can contact us ([email protected]) to schedule to test the device in-person for 20-30 minutes on location.

Communities
We try to keep all our communities engaged and active.  Please subscribe and share to help us grow. 
Reddit: https://www.reddit.com/r/Lampix/ (still a small group but we’ve grown over 50% in the past few weeks) - this is a good place for reference along with our main site.
Telegram: https://t.me/lampix_project (we’ve reached over 1.1K members!)
BItcointalk: https://bitcointalksearch.org/topic/ann-lampix-token-launch-bringing-blockchain-image-mining-to-ar-systems-2044884
Slack: https://lampixproject.slack.com/
Social Media:
Facebook: https://www.facebook.com/Lampix-997463780290920/
Twitter: https://twitter.com/lampix_co
Medium: https://medium.com/@lampix
As always you can read about announcements here as well as https://www.lampix.co/#/news, where you can also share articles as part of our bounty program.

Lampix: One of Blockchain’s Buried Treasures

Lampix is a hidden treasure buried deep within the confines of the cryptospace. Usually to be buried you’d have a token with no working product or a token that has no legitimate purpose other than to be a money grab riding off bitcoin’s coattails. An example of such a token is PAC coin, a cryptocurrency whose website boils down to a hastily-modified e-commerce template (note the shopping cart in the top right corner).

https://medium.com/@alx.g2017/lampix-one-of-blockchains-buried-treasures-7071510b9ea0

if they deliver on the product, this might end up been a huge coin. wish i was in new york, would have loved to go to that conference

Yes you will be able to earn PIX.  Not just for mining but for "voting" on the quality of images as well.  It will be easiest to mine with the Lampix device but you will be able to mine with smartphones.

We believe the tokens value will be better realized once the ecosystem is built, continued exposure is gained, and additional exchanges are added.  We are working on all three.  Remember the market value right now is pre-mining and pre-ecosystem.  We are looking at creating real value with real innovative technology which tends to take longer than simple pumps.

You are correct in saying that most people don't understand at first the use of the token and concept of incentivized systems, I believe not just with our token but in general.  This I believe is partially due to the enormous amount of tokens that have been created recently, which has brought skepticism within the community about whether certain tokens are necessary or whether they are just taking advantage of the cryptocurrency craze.  So it is necessary to explain the use case of our token.  This is explained in our whitepaper and FAQ and I have been working on explaining this succinctly within our communities as well (as I know that most people tend to skim through or not read whitepapers at all).

The incentivized concept itself is very simple, like you mentioned the Facebook example became popularized because of Zuckerberg's leaked messages to his friend regarding his ability to get everyone's information because they volunteered it for free (which was stated in a very profane matter gaining notoriety).  While it's not an exact comparison as some can argue that there is some social-value in posting content to Facebook, the idea of receiving payment for contribution to a system that is receiving billions in advertising is appealing in a society that is shifting towards automation and where there is value to finding income through alternative means.  This probably follows closely how BAT (Basic Attention Token) will work as well.  All of this is still new so the more projects that follow this concept and the success of them will help more people understand and adopt.

Another way to look at it is as a decentralized marketplace.  Earn PIX tokens by providing image datasets and by voting on integrity of the datasets (which is a safety against spamming), the demand for the datasets are from companies, projects working on computer vision, machine learning, researchers, developers.  The demand should continue to gain as technologies in computer vision and machine learning grow.  Additional value can be created outside of the ecosystem as well through markets of course.

Thanks for the post as this is an important discussion I think but it's not something that is at the forefront of the crypto community.  I think Lampix is a unique project because it can merge the crypto community, tech enthusiasts and people interested in studying incentivized ecosystems/marketplaces.  All of these things are both new and exciting with great potential.

Will Lampix receive a reward for contributing to the data ecosystem? Using a Lampix device or any other device with a camera, miners can photograph objects, write a description and send it for verification. Will they now be driven by smartphones?

Hey Phil,

Correct me if I'm wrong but  I think people do not understand the value of your token; what you did is decentralizing the value of the database you are willing to build with the community adding information & feeding it; the aim is to use all this decentralized information to open the doors of augmented reality in our economy; which make damn a lot of sense as everybody will be incentivized by adding inputs & the more the community is active, & the more devices such as Lampix or new applications are created & using it, the more the ecosystem is valuable; the more the token is damn valuable

With the lampix device offering the first applications to exploit this database;

In other words, it is a bit like if Facebook was just an application using private information protected in a blockchain-based set of rules & architecture; which is not the case as Facebook value lies directly in its database; they chose the centralized business model to protect their value (and could be destroyed by a decentralized social network as we don't like how Facebook make business thanks to us, and we don't receive any benefit).

I mean, the core value of your business is should be described in this way : "The token represent the value of the database which we have decided to decentralize to make its own contributor its beneficiaries, at the opposite of Facebook, Google & co : the most valuable part of these companies are created by you, but owned by them. We decided to give the value to the contributors and to use our device to leverage its value, in real economy; and other companies that we will exploit it will have to pay to obtain these tokens with increasing value"

Because your techno is amazing but the way you describe the value of the token, make it totally undervalued.

Do we get along with this description? If so, do not hesitate to get in touch with me if you deem it to be useful; my job as an M&A analyst is basically to help entreprenors clarify the way they describe the value creation of their projects.

Guys,

Mark my words: Lampix is going to be one of the 10 most successfull Tokenized project within the next  12-24 months;

I don't really think people do understand what they did: they basically shared the value of their database with the public; and their project & techno is a key leverage to this database value.

--> Imagine if Facebook, instead of an IPO, decided to do an ICO and share the value of the database of its users that Advertiser had to pay for commercial - purposes...  It would means that at the exception of shareholders having a major stakes in the company, one token would be more valuable than one share.

 And at the opposite of many other crypto & blockchain projects, there is a technology than serves as a "floor" valuation for its token.

In other words, it is , in my view, one of the 5 most undervalued Coin at the moment.