Topic: [ANN] [VERSA] Universal storage repo, Blockchain OAUTH, Antidotes + much more - page 15. (Read 21777 times)

Ummm so you have a blockchain and...? What is the news here exactly? Your just like describeing things you can do with a blockchain that doesn't make this coin anything special from the 1000's of cryptos out there by now...

Yawn

This question has been brought up several times, try reading through the past comments. The major part of coding is in the works - yes, we'll be working on the project despite a lack of funds received through this crowdfunding.

Is there a minimum ico fund for this? I mean shall you work on the project even if crowdsource is not enough?

I will probably buy near the end of crowdsale (or when there are few coins left).

Yes, yes, I've been told this multiple times. Fixed - 07.17.2015 6:58 UTC.

You should probably correct this then:

Btc raises, US dollar equivalent of any amount gets bigger, but this seems like a very very little.

Hi,

we sold 430K Versa, which is around 1.7 BTC. The Crowdfund ends on Friday the 17th, in one week from now.

How many coins did you sell until now? I discovered this coin only now. When the ICO will finish?

Will be up a bit later, after we establish our value proposition. We'll provide wallets for mobile platforms in a few days after the launch. However, after Satellites are out, we'll be able to equip wallets with even more auxiliary features.

We won't sell the licenses... Closed source is actually a sort of easy, but we won't go 100% closed source, and won't keep it open source either. We'll have the inbetween consensus ready for the unnofficial launch of our alpha-build.

The point of restrictive license is that the codebase will be available for distribution to developers who need access to sources in order to build their project, that happens to be open-source, but we will require anyone who distributes derivatives to publish the source available under the same terms.

We would not be able to make clear business predictions because:

1) it is difficult to maintain market position when we're in the stage of ongoing crowdfunding campaign, i.e very beginning;
2) yet we don't control our distribution network and can't delve into details that can make or break our project - balance sheets, cash flow, budgeting;
3) we haven't finalized the question of timing but we sure it will have financial consequences that affect our overall planing model.

When we deliver our value, platform will rely on clear definition of benefits we provide to store your data via inlets, and that, we hope, will state our strategy for ensuring usability and client satisfaction.

ok thats great!
 
will the android wallet be avalible as soon as the pc one or a bit later?

Yes, you will be able to stake on your smartphone, set up tor if needed + geo/local trader based on Satellite validation, meaning Versa servers will help binding an agreement between buyers and sellers and escrow your local trades.

Thank you for answering my questions.  If this were a scam, I would expect you to be shilling a bit harder.  To me, that lends the project a bit more legitimacy.

What is in it for you guys though?  I understand at some point you and your team will most likely buy some of your own coins.  Thats kinda the glaring fault with ICOs, since those coins end up being free.  It's just the way things are though so I'm not really worried about it too much.

But is there a business model you haven't revealed yet?  Is the plan to make money selling licenses to the different components?  3 skilled developers aren't typically going to spend their own money and time slaving away at a project for no financial gain.  Which is very understandable, a man has to eat.

can i stake on the android wallet? or only pc?

There is no POW here, we'll go pure proof-of-stake after the initial sale ends.

Versa currency will be open source. The code for components which are non related to Versa cryptocurrency itself, will be distributed under a licencing agreement to authorized users with private modification and copying, and, partially, may either be released under APGL meaning non-commercial tag as well the editing restriction is applied, or may be kept non-public (in the near future).

We'll have multiple unofficial releases:

1) An early alpha stage release to gather your feedback and contributions to improve the basic specification, although this prototype will not be reflective of the final potential of Versa ledger. The code will be open source and available to view via github repository in late July.

2) Source libraries for Antidote, Satellites implementation, supplementary cryptography libraries, websocket implementations, tools and API's for reading chains will be released in early August.

3) Press-release and online publications announcing news-worthy information and platform background.

We'll officially launch in August, there will be needed several actions for the alpha-build, making us unable to give more precision on commit deadlines, but we reserve the right to push the exact date back and forward in case we encounter developmental issues.

We have three members in our team, everyone is clear about his role and empowered to do whatever it takes to build up the necessary tools, part of coding and equipment to bring our platform to life.

However, if the total amount pledged through this sale will not be enough to fund the development and disallow us to run an effective campaign, we'll use our personal finances to support the project. Versa has been the product of sleepless nights and days of hard work, and will evolve despite a lack of funding.

Antidote is an apptoken you use to obtain inlets, vote for Satellite nodes and create decentralized apps. Antidotes will be completely derived from Versa coins and managed on a special Antidote blockchain.

You create you chain with your chainID, submit an inlet payment using Antidotes, Satellite nodes accept the payment, broadcast the acceptance of your payment to all other nodes, create inlet block for that chainID and add your inlet to newly formed inlet block.

Consider this as a blockchain solely consisting of hashes of your private data.