Author

Topic: [ANN][ICO] Sphere - Decentralized Social Networking >200,000 users - page 127. (Read 46933 times)

member
Activity: 101
Merit: 10

 They try to fool you into believing that they are decentralized. To do so they use the popular word “decentralized”. In fact SS is primarily CENTRALIZED. They claim that they are decentralized because they offer reward token. Tokens are not to confuse with a decentralized Social Network. Sorry. I mean all content posted to SS is centralized, and fully control by ONE for-profit corporation. In other words, SS are misleading and deceiving you. This shows they have a weak ethic. When most users figure this out the value of their token will crash and users will leave.


https://www.minds.com/register;referrer=Francewhoa

I feel like you are fundamentally misunderstanding what stage of development the company is in, and even what the purpose of an ICO is.

Sphere is not yet decentralized.  We are not trying to fool anyone about that.  We don't "claim we are decentralized because we offer a reward token"- that doesn't even make any sense.  

We have a plan to put our social network- which is only in beta right now, so people can try it out and get used to the interface- on the blockchain and make it decentralized.  To do that, we need money.  To raise the money, we have created the Social Activity Token (SAT), a new form of digital currency designed to be used within Sphere – to connect people online for advertising, finding, sharing, buying, selling, and trading products and services.  

 You write the words "for profit" as if they were some sort of crime.  Maybe someday this world will be a socialist paradise where all our governments are handing out that sweet universal income.  Alas, until that day we all still have to make a buck and feed our families,  and Sphere Social wants to share the profit with our users. We  will use the proceeds of the ICO to decentralize, improve, and add features to Sphere Social.   Hopefully, SAT will increase in value due to the features we add, since they will include ways to use the token. This would benefit both the company and the token holders.   Read our whitepaper- we will give users the choice of whether or not to sell their personal data and which parts to sell- and if they do sell it, they get a portion of any profit we make on it.

Open-source has its place, and it's certainly fun for those working on it, but there are benefits to not being open-source as well- namely fast, organized decision-making, and being able to pay the experts we need to make the code work, rather than just hoping someone will come along with the expertise needed.  
newbie
Activity: 5
Merit: 0
This is my review of Sphere Social. Which is at https://sphere.social

Summary: Token. Weak ethic. NOT decentralized.

The good:

• Token can be exchange for services within Sphere Social (SS). In the unlikely event that it’s successful. I do not trust and will not invest in SS though.

The bad:

• Sphere Social (SS) is NOT really fully decentralized. They try to fool you into believing that they are decentralized. To do so they use the popular word “decentralized” all over their whitepaper. In fact SS is mostly CENTRALIZED. They claim that they are decentralized because they offer reward tokens. Which they call Social Activity Tokens (SAT). Tokens are not to confuse with a full decentralized Social Network. Sorry but those are two different things. Read on for other red flags. In other words, SS are misleading and deceiving you. This shows they have a weak ethic. When most users figure this out the value of their token will crash and users will leave. To the benefit of really decentralized Social Network. Such as https://DiasporaFoundation.org or https://Minds.com


• NOT distributed. And NOT federated. Read more about the definition of distributed and federated networks at:

https://en.wikipedia.org/wiki/Distributed_social_network

https://en.wikipedia.org/wiki/Federation_(information_technology)

• Sphere tried to mislead you and deceive you into beleiving that blockchain and distributed storage are the same thing. Extract from Sphere whitepaper v1.7.4 on page 19: “a decentralized social media platform that stores multimedia and other data on a secured blockchain rather than on traditional servers.” Source at https://sphere.social/wp-content/uploads/2017/12/Sphere_Whitepaper_v1.7.4.pdf

Their claim is unethical because by definition a “blockchain” is a cryptographically secured ledger that can be permissionless and decentralized. A blockchain is NOT to confuse with a distributed storage of social multimedia and other data. In Sphere's claim above, notice that they tried to mislead you and deceive you into believing that "blockchain" and "distributed storage" are the same thing. They are not.

The above is one of the many unethical claims in the Sphere whitepaper. Did you spot the other unethical claims?

An ethical claim would be: “Sphere stores multimedia and other data on a secured decentralized storage rather than on traditional secured centralized storage. And store its SAT tokens in on a secured blockchain.” Assuming that those are their real intentions.

Maybe the Sphere founders are not familiar with the most widely recognized definition of blockchain? For investors, buyers, and users interested to not getting scam by unethical abuse of words such as “blockchain”, “decentralized”, “cryptocurrency”, “token”, a good start is to educate yourself. For example Corbett Report did an informative video about the nuances in the jargon. Very good to watch. They are good and bad crypto currencies. Educate yourself to not get scam by the bad ones. Video at https://www.youtube.com/watch?v=FkhUn7nh33Q

• Potentially NOT secure. Because the code is not available publicly. So it can not be review by the public. In other words, there is a risk of abuse. The software code is NOT open source. So weak security. And high risk of abuse by people with immature behaviors. Compare to https://DiasporaFoundation.org or https://Minds.com code which are open source and can be review by all.

• Owned by the for-profit corporation Sphere Network LTD. Which was recently created on 13 September 2017. With correspondence address at Otonomos (Uk) Ltd, 1 Fore Street, London, United Kingdom, EC2Y 9DT.

According to legal records, this for-profit corporation is controlled by only two people. They are Mr Andrew Khong and Mr Tuong Pham. 25 to 50% each. Both are residents of the USA. Source at https://beta.companieshouse.gov.uk/company/10961486

SS advertised that you are 100% in control of your content. That's false. As stated above, only two people have full controls of all your SS content, including censorship. Others have limited and partial decision-making control over your content.

This means that SS is primarily Money-Servant. Not People-Servant. In other words, Sphere is not owned by a not-for-profit community. Usually a corporation first priority is to hoard money. Not serve you and protect your privacy.

• Bad choice of name. Because there is already a Sphere Social network. That's gonna create confusion. The other network was founded in 2008 http://www.the-sphere.com

Wiki page at https://en.wikipedia.org/wiki/The_Sphere_(social_network)

• Their primary front-end website at https://sphere.social seems to be partly powered by Wordpress. As you know SS back-end software is NOT open source. But SS use the open source project Wordpress for their primary front-end website. And do NOT give credit to the Wordpress community. SS's behaviors are awkward and self-centered.

• Not friendly with United States and Singapore citizens. If you try to register they greet you with a email asking you to confirm that you’re not a citizen from those countries. Source at https://www.minds.com/media/803754670359556096
So the two owners of SS are citizens of USA, but they do not welcome other citizens of USA to use SS. That is really suspicious.

• Weak ethic. Because they tried to fool their user into believing that they are decentralized. This is false. They are primarily centralized.


How to not get scam?

A good start is to educate yourself. For example Corbett Report did an informative video about the nuances in the jargon. Such as blockchain, cryptocurrencies, and decentralize. Very good to watch. They are good and bad crypto currencies. Educate yourself to not get scam by the bad ones. Video at https://www.youtube.com/watch?v=FkhUn7nh33Q


I wrote my review as a volunteer. Which was not paid by Minds, Diaspora, or anyone.

- - -
Are your tired of censorship with Facebook, YouTube, Twitter? You might be interested in the censorship-free and open source Minds at https://www.minds.com/register;referrer=Francewhoa
sr. member
Activity: 1360
Merit: 257
What is the token price now?
Presale price $0.05 per 1 SAT
Ico price $0.14 per 1 SAT
newbie
Activity: 42
Merit: 0
What is the token price now?
full member
Activity: 826
Merit: 105
Change Your Worlds Build a New Era!
дa я тoжe oчeнь нaдeюcь в вocтpeбoвaннocти пpoeктa в бyдyщeм,  пoкa тaк cкaзaть нa интyитивнoм ypoвнe, нe oчeнь ocoзнaвaя лoгичeкcки, пoчeмy этo дoлжнo пpoизoйти.
full member
Activity: 449
Merit: 100
Sphere is a kind of project that you would be SERIOUSLY wrong to miss out on. I am not going to say it is going to be the NEXT Bitcoin, but with token price of 5 cents, it just FREE by all means. I have already got myself over 2k Tokens and I am not sure who will be mad enough to miss out on such an epic opportunity like this one!
member
Activity: 294
Merit: 10
What possible price per SAT if already entered market or exchange?
member
Activity: 224
Merit: 10
I looks like it worked, just waiting to show now....thank you... so when it will be confirmed it will appear allocated on the sphere website, but the erc20 tokens will come to my metamask only after the ICO ends?
newbie
Activity: 2
Merit: 0
To how many bits is SAT token divisible???
If it is not divisible it will not grow in value. Why???
Because it must not grow in value!!! Why???

Sphere social and it's market where people will be able to trade the gods using SAT tokens is a modern idea, therefore it has to and it will (if successful) compete with Facebook and Amazon one day which monthly turnover exceeds hundreds of millions of USD.

People on Amazon are able to buy/sell things for as little as 5 or even 1 USD or even less.

If sphere social and its market will be successful at the beginning, we may expect significant grow in value of the SAT token, but at the end if SAT token is not divisible or it is not divisible to enough "minisats", it will be disaster for the sphere social market (it will implode under its own success) because if 1 SAT token will be worth 5 USD for example, people will not be able to trade the gods below that amount.

There is tens of thousands of items on Amazon below 5 USD and less and this is BIG BIG share of Amazon turnover.

Preferably 1 SAT should be divisible to at least 10K "minisats", so one day when 1 SAT HOPEFULLY AND THEORETICALLY will be worth 1000 USD, the price of SAT token will not affect the market because 1 SAT =1000 USD divided by 10K minisats = 0.10 cent which will be the smallest amount tradeable on the market.

So, Iam asking again.

Is SAT token divisible or not???
If yes, then to how many "minisats" it is divisible???

One more question.
I am unable to buy SAT tokens using credit card anymore.
Can you explain to us what happened???


PS. don't laugh at 1 SAT= 1000 USD
There is one billion SAT tokens but remember that unsold tokens will be burned.
This project has HUGE HUGE potential providing developers will listen carefully to people's needs and tips.
newbie
Activity: 30
Merit: 0
Hi Team, hope everything is running smoothly. Can we please know when the ICO will end and what amount has been raised so far? Thanks

This will help a ton for future investments.  I have already begun spreading the word and this is a frequent question I get asked
sr. member
Activity: 1360
Merit: 257
Posts about the bounty should be made on it's own thread which is here: https://bitcointalksearch.org/topic/bountyico-sphere-bounty-program-2437617
member
Activity: 756
Merit: 10
dear manager, please check the facebook table. Bardak in the number. posts. are marked 4.5.7 weeks, count. sat. only in 5 and 7. Why there is no reward for 4 weeks, and generally lost 6 n6edelya. here are the reports.
https://bitcointalksearch.org/topic/m.26851214  23.12
https://bitcointalksearch.org/topic/m.27155165 29.12

https://bitcointalksearch.org/topic/m.27669989  7.1

https://bitcointalksearch.org/topic/m.28025042   12.1
sr. member
Activity: 1360
Merit: 257
I have registered for this project since last year and cant remember my password, is there a way to recover it...
https://sphere.social/forgotpassword/
member
Activity: 112
Merit: 11
Hi Team, hope everything is running smoothly. Can we please know when the ICO will end and what amount has been raised so far? Thanks
full member
Activity: 392
Merit: 100
I have registered for this project since last year and cant remember my password, is there a way to recover it...
sr. member
Activity: 1360
Merit: 257
Rose to the rank of full member. Changed the signature will change, please in the table. And yet you have a avatar for full members?
You should post in the signature bounty thread: https://bitcointalksearch.org/topic/bountysignaturepreico-sphere-signature-program-2467225
full member
Activity: 770
Merit: 106
Rose to the rank of full member. Changed the signature will change, please in the table. And yet you have a avatar for full members?
member
Activity: 742
Merit: 12
The participants should post 10 quality posts in a week. Each message contains a signature field to the end of the ICO, shall have the right to receive remuneration. According to my signature the figure paid for the week or for each post?
тoжe интepecyeт oплaтa зa yчacтиe в пoдпиcнoй нeпoнятнo yкaзaнo кoличecтвo зa oдин пocт или зa вcю нeдeлю ecли зa вcю нeдeлю тo этo oчeнь cмeшнo
Jump to: