well, the only sort of good news i can proffer you folkses right now is that we've gotten replies from two venture capital firms regarding applications ive made. somewhere, oh, five or so pages back, someone mentioned that we "hadnt atracted any big investors", and while im sure that was regarding crypto as a whole, it got me thinking. i wrote several firms last week, somewhere in the range of twenty or thirty, submitting applications to both venture capitalist organizations and "angel investors". most of them were local to nova scotia where im from, owing to the logistics of travel to the in-person meetings that will be required.
i look at it this way, what we have *IS* a good investment, long term, which is what these organizations look for, and is an innovative way of looking at how to apply the EVM technology. many of the people that offer investment money thru these firms are looking for twenty times their investment over eight years, which given where we are now and where the technology in eight years will logically be given the exponential advancements within computing and cryptotechnology. (theres a statistic somewhere that states we double our overall single computer computational capacity every 16 months, which is quickening.) what we have built with SOIL is a brand new way of implementing this technology, although firms like microsoft are already looking at how to use it themselves with azure, but again, in an unfocused universal way.
with capital investment, we are unfortunately beholden TO the investors, but by placing a portion of what we've asked for (which is essentially around the minimum investment preferred...) into bitcoin, we can offer a 'per project' costing to DApp developers who bring forth the specific technologies we need and want to strengthen the infrastructure and middleware towards large scale applications needs our target industry endusers will require.
the difference with venture capitalists and angel investors is that the VCs look for a partial ownership in the project, which can be achieved thru a partial "buy-back" of available "shares" in SOIL. this in itself will help to boost the valuation of SOIL, BUT conversely, will create a larger "voting block" against what we've envisioned towards a truly fair and democratic process along our timeline.
id prefer the individual investors thru these methods rather than corporations, to be honest. individual VCs and investors are more of the risk-takers, and while i dont view SOIL as a whole to be that ungainly a risk given where we are presently, where we are projecting to be... but as cryptocurrency itself as a product is so entirely speculative and this isnt a bricks-and-mortar business we have.
anyhow, this is why ive been rather silent this past week with updates, and why ive put down my studies into Solidity and DApps development personally for a few days... the applications process for these is very in depth and having to rewrite our "roadmap" to suit this, and present a cohesive plan, has taken a emergency room doctors work week worth of time.
for those interested in learning Solidity to create the sorts of DApps we need built, a great in depth site can be found at:
https://eng.erisindustries.com/tutorials/2015/03/11/solidity-1/remember, this is the sort of project that NEEDS you to be involved, and building middleware and functioning applications for the system is a great way to help not only increase the value of your own personal holdings in SOIL, but when capital investment becomes available for the specific DApps needed, will be an opportunity for a nice payday as well. if you truly expect us to build the whole system on our own backs, populating the blockchain our own selves, with no contribution from the community, then you must also need to expect this project and application creation to be on a slower timescale as well.
if you look at ethereum, not only do they have a large and corporate-funded development team, you also need to look at the number of individuals, unrenumerated, who are working on DApps, you will see how the model SHOULD be working. that being said, if you build a "rock/paper/scissors" gambling DApp for SOIL, you really shouldnt expect a bounty (although you should realize a profit). think to scale, consider what we're building towards and offer appropriate applications against this and you will help SOIL grow into the brand and overall "crypto-entity" we have envisioned.
