Topic: [ANN] Swarm Fund 1.0 - [OFFLINE THREAD] - page 15. (Read 139876 times)

It's a slight glitch that should be resolved within a day or so. Joel (fractastical) of SWARM has comprehensively reported the issues ASAP to the Counterwallet dev team. Relax, not everything has to be a conspiracy

Cross-posting this for you SWARMers:

https://github.com/CounterpartyXCP/counterwallet/issues

Short answer is that Counterwallet mysteriously fails with some addresses. I hope and expect this will be resolved in the next 24 hrs.

"On SEPTEMBER 1st we will act according to the VOTE options..."

Thread unlocked.

Swarm updates:
     

      Weekly video updates from our new office here.

      Sprint I Review

      Swarm.co


First campaign:

     Ever tried to explain Bitcoin to your friends? Now you don't have to. The Bitcoin comic explains all in an easy approachable format. 120 pages of pure fun, guaranteed to excite and enlighten.

    

    Get your copy of the Hunt for Satoshi today. Order now and get your copy by the holidays

We've done an initial distribution of SWARM to SWARMPRE holders on a 1:1 basis.

The specifics of the remaining SWARM are now available for a vote, explained at length here.



We've also completed a full financial audit and better explained cryptoequity.

If you are interested in the Swarm idea you can also read some related writings.

By popular request, we will also soon be discontinuing our bitcointalk presence and moving all comms over to our own forum.

As for the specifics of our legal infrastructure, we are operating out of multiple legal entities and plan to document this when everything is setup to our satisfaction.  

FTFY

Looks to me like Swarm is a glorified/incarnated Evergreen: https://bitcointalksearch.org/topic/evergreen-is-private-money-backed-by-bitcoins-and-other-assets-426904

http://www.cryptocoinsnews.com/news/evergreen-private-money-backed-by-bitcoins/2014/01/21

Seems like you are new here. Why don't you ask Fractastical where they had registered their company first? After they got the Million, they went to the "Fancy California".

Dollar is designed to make you stupid greedy, because it is based on artificial scarcity. I'm much more intelligent when I think in FIMK, Swarm etc. block chain abundance.

Thank you very much, very interesting and inspiring!

One still unsolved practical problem of human based digital currency for e.g. universal basic income (UBI) is proof-of-identity (PoI). In FIMK ecosystem, with which I'm so far most familiar with, the basic income distribution over four years will be based on existing Finnish state and banking sector PoI services for Finnish citizen-identities. While major improvement compered to the previous pump-and-dump national coins, it is just one step towards genuine UBI. But as FIMK is not just on idea level but already actual, the pragmatic side gives new incentives for theoretical questions and suggestions for solutions.

I assume we can agree that it would be most sound and socially acceptable at this point of evolution to define most basic human based identity as single human organism, which in turn can have multiple linguistic identities such as forum nicks etc., citizen identities controlled by government authorities, and various other psychological identities. For PoI of unique human organism bioidentification (finger print etc) would be most natural and already available choice, which can be combined where and if needed also with various peer-to-peer PoI systems, such as guarantee of organic identity of a new member in digital community by existing member identities.

E.g. fingerprint identification for peer-to-peer systems is already available on some professional laptops etc., and this is clearly something doable also on large scale up to global scale, as I understand UBI. Easiest way to do this with current+ resources would be one time biometric PoI for UBI account, after which password PoI would be enough There is also always some chance of fraud with every system, but perfect is the worst enemy of good. There are also other problems, should the biometric PoI data be it's own blockchain, how to link that data securely with other blockchains, how to achieve consensus to remove e.g. deceased identity from the system, etc.

Another issue is that UBI alone would not probably work very well for resource based global economy, or at least not as single transition process towards such, and could probably function best combined with assets created as producer credits. Global UBI could function as the global unit of value, through which producer credit -assets would be exchanged.

Crowd funding ways to improve stability of block chain computation, developing globally accessible PoI architectures, user apps for radio transmitted block chain data (first test starts in september with FIMK and BTC), sustainable computer hardware (and bioware with bacteria that eat only electrons and can form biowires?), these are the kinds of start ups that I would like to support through block chain crowd funding by Swarm and/or other platforms.

We raised more than $1M from more than 900 backers, in less than 40 days. THANKS A MILLION.

Not sure where you got the idea that Swarm is based in the UK, but I'm seeing headquartered in Palo Alto, California United States, spawned in France.

Joel Dietz: Palo Alto, California: https://www.facebook.com/joel.a.dietz
Colleen Sollars: Livermore, California: https://www.facebook.com/colleen.sollars
Ben Ingram: Berlin, Germany: https://www.facebook.com/tquila.ben
Jef Cavens: Antwerp, Belgium: https://www.facebook.com/jefcavens/about

Swarm spawned from this think tank: http://magazine.ouishare.net/2013/05/bitcoin-human-based-digital-currency/

Their Twitter account mentions Swarm once, albeit in a different context: https://twitter.com/OuiShare/status/377745227823722496

http://falkvinge.net/2013/09/09/the-swarm-economy-is-not-silicon-valleys-sharing-economy/ - >

And only mention Bitcoin six times: https://www.google.com/search?rlz=1C1CHFX_enUS549US549&es_sm=122&q=site%3Ahttps%3A%2F%2Ftwitter.com%2FOuiShare+bitcoin&oq=site%3Ahttps%3A%2F%2Ftwitter.com%2FOuiShare+bitcoin&gs_l=serp.3...4080.6182.0.6512.7.7.0.0.0.0.69.392.7.7.0.chm_loc%2Chmss2%3Dfalse%2Chms2min%3D10%2Chms2max%3D10%2Chmtb%3D120%2Chmta%3D1440%2Chmrde%3D0-0%2Chmde%3D1-0%2Chmmpp1%3D0-5%2Chmmpp2%3D0-3%2Chmth%3D4%2Chmffs%3D10000...0...1.1.51.serp..7.0.0.xOZsNq_1MNY

coin market cap is unimportant.

the only way to make it appear higher is to have a bigger supply exist than is actually available on the market. but this would be misleading. it would be like a pump.

and with every pump there is a dump.

that's why I agree with a burn, but only if you don't keep any, otherwise it's just a stealth pump- with the value distributed a little more fairly to investors so we'll bitch less.


distribute all the remaining swarm back to investors, make a quality product, do push-ups, sit-ups, pull-ups, mountain climbers and stuff instead of trying to pick up chicks at the gym, and the market cap will naturally rise because this is a good idea, and that's why I bought some against my better judgement.

I feel like I'm getting more worked up about this than I normally do about stuff, but c'mon dude we are not stupid...

I don't understand the legal concerns. The whole point is to grow so fast so as to influence the current legal regime, like Uber and AirBnB, not be constrained by it. Call it what you want to but give us our equity. Or, team up with a VC who can.

Since I posted here, it was brought to my attention via another thread that all is not currently swell with Swarm, et al. I honestly saw promise here, for I love the concept.

I've explored the _PoS^PoW ( ) and Ethereum options. Ideally, the project I have in mind would establish synergy with existing builds by trustworthy cryptopreneur developers, assuming such varmints exist.

PS/EDIT: This is one helluva active subsection. I posted, and within seconds this tread was bumped by a ~dozen ANN alts. I wouldn't be surprise to see my spoof CoinProLite thread buried by ~dozen pages since last posting this morning.

PSS/EDITT: Thanks for the valuable input, bud.

They have to so I wouldn't worry until they start trying to weasel out.

Quote from swarm rep when fundraising began:


Another quote from the same article (by Joel):


I just wish people in a professional position would act professional, not make promises they cannot keep, and actually seek legal advice before making these promises.  Anyone wanting a refund should be entitled to one if a single promise is broken that was made during fundraising.

We bought into crypto-equity.  The swarm fundraising was described as such. (equity in swarm, my last post quoted this claim)

Are you interested to check also the PoS side for development of your project? Counterwallet beta remains horrible compared to NXT and FIMK, where the speed of adding functionality is remarkably better than on bitcoin 2.0 side from all what I have seen so far. If I understood right, your idea is advanced and accessible PoW hash pool, and I can see lot of synergy with combining your idea for PoW with PoS platform.

It is you who has represented the Swarm team here from the beginning of this thread. How and why the hell do you stray away now If you were/are not part of the decision maker then you should have have stopped your fingers from typing nonsense here. What's the point of this theatrical?
Are you admitting that you do not represent the Swarm team here in this very BTT thread?

FFS your founding team hardly consists of 5-6 members. How hard can it be to sit together in your fancy office and say "let's give the investors what all of us had promised since the beginning of the crowdfunding"?

You want to keep over a million dollars worth BTC at the current price. You want to keep 8% of total SWARM. You want to reserve more SWARM for future funding so that you can get more BTC into your pockets. All i can see from this project is you KEEP, KEEP and KEEP and KEEP SOME MORE  . Where is the fair distribution that your team has been preaching since the inception of this project Remember your idea of Swarm would be worthless without our- "The investors money". Loads of ideas have been burnt to ground before this and will be burnt after this. If the investors can build a fortress, they can also build weapons to destroy such fortress. If you go the burn route, I'm pretty sure you will see a dump fest and there is no possible way in which your idea won't get burnt to the ground.
I sincerely regret taking part in this venture.

In between my rants, I've been working behind the scenes on a project I believe is tailor-made for Swarm/CounterParty (no, it's not CoinProLite, a spoof alt).

Yes, it's an alt, moreover, an ongoing series of alts, whereupon miners can alternated between the most profitable alts via the parameters they preset. All the alts would be based on the same exact hashing algorithm, et al.

Distribution of alts won't be a problem, for many non-cryptocoiners will not have a problem participating. Also, getting notables to back their various alts will be accomplished fairly easily.

I've already procured domain names for the project, with a handful more needing to be purchased outta my pocket (what's another hundred+ bucks?).

The site is already live, albeit not indexable for the search engines. The few I presented the idea to while in Chicago a couple weeks ago loved the idea, offering up their kind input, of which led me indirectly to Swarm, et al. albeit I, too, am still getting my head wrapped around the whole thing, but see its promise.

Currently, I'm seeking a trustworthy team to further develop the idea to a point of garnering minimal funding. I would love to see my project be the first mega project spawn from Swarn, offering up nothing less than FULL transparency along the way, for the notable reps of those attached to the various alts DON'T want their brands scarred by a misstep on theirs, or ours part while they hope to benefit handsomely for their involvement.

Needless to say, such an endeavor seen to fruition WILL bring further awareness to all viable cryptocurrencies.