Topic: [ANN][preICO] Dolphin BI: The first cryptoasset investment analysis marketplace - page 9. (Read 5300 times)

I mean, if using ETH as a currency/platform became ineffective, what could be substitute? ( taking into account that Waves remain the one which left)

OK, The subscriber will pay his fee and 80% goes to the authors and experts and 20% goes to the system. But will the user (simple subscriber) know exactly to whom his money got via using free widget? Maybe he wants to control the percentage of money going to experts or authors? Cause he may distrust widget fund in somewhat way.

Only Subscribers can rate widgets. The widget's rating in the marketplace (unlike Expert's rating) does not affect revenue distribution, but the Subscriber can use it to decide whether the widget is worth buying. Even if some widget has bad rating, it will not necessarily be deleted as long as people use it. It makes sense to delete inactive widgets, though.

And what if the widget gets poor rating from an Expert? Is it going to be deleted? Or maybe the author will have to update the widget to satisfy the needs of Experts and Subscribers?

We are not planning such functionality in the platform, but it can actually be done in Ethereum itself. These Authors can create a single Ethereum address, create a new widget linked to this address and the widget's revenue will be sent to it. And this address may be a contract that automatically splits the earnings in any way the participating Authors want.

I'm curious about the work of the Authors. Will they be able to collaborate on the same widget within the platform? If so, how will they divide the income?

So, you've described your costs in a table. Don't you think that there could arise additional spendings and how would they be covered with low initial investment prediction?

I've added a response to your last question into my previous post. As for this one, I'm ill-equipped to answer it, but Pavel (zidorov) will come and answer it a bit later.

What problems  have you already faced while preparing your project in terms of legalization of the project and the legalization of ICO?

There is no maximum amount, I'm afraid. And setting a maximum amount wouldn't help either - the "whale" can quite easily create another address and invest from it. It's not possible to prevent this without introducing complicated (and potentially game-theoretically faulty) designs into the crowdsale model.

If you're worried that these "whales" could undermine the platform's economy - don't worry! First, the individual Subscriber's influence scales logarithmically with their wealth, so a crowd of well-behaving subscribers will overwhelm a malicious subscriber with ease. Also, there will be a voting mechanism that will allow Subscribers to rescale the platform's prices if the DoBI/USD rate changes significantly. So the capabilities of "whales" in manipulating the platform are very limited.

                   

It is practically impossible to completely block such an attack - a person crazy enough to spend troves of money on an attack would probably succeed. However, observe Bitcoin - its total cap is $66 billion, so a wealthy enough entity (some banks could probably do that with ease) could buyout all Bitcoin for $100 billion (considering the price will start to grow) and completely crash the system. But nobody does that, because crazy people rarely have enough money to blast everything to bits

The idea here is to create the system where such attack is not practically impossible, but economically infeasible. The potential profit from an attack must not be greater than its cost. So we introduce the aforementioned logarithmic scaling to cripple a wealthy malicious subscriber and force them to buy new accounts if they want to perform an attack. And so we try to design the system in such a way that buying Sybil accounts will cost more than the revenue from the possible reputation gain. To evade automatic detection an attacker will have to rate other experts both positively and negatively; but when you rate others positively, you increase their revenue and decrease yours! There is also a number of votes threshold and other counter-measures that will make the attacker spend more than they gain.

 I read your whitepaper and saw interesting point - self-promoting attack. Lets imagine the situation, for example, i am smart enough to create absolutely real fake accounts, and I will not only rate myself, but other amazing experts. If you think  that people lazy enough do not do this, believe me some are not. So, how you will protect honest and smart experts, who deserve big rating from this totally the same smart guys, which are a bit trickier and have a lot of free time ?

What is the maximum amount of investment from 1 address? For example, if there is no cap for 1 address then there will ne so called "whales" and manipulators who can whatever they what with the price of token on exchange, it will lead to the centralization

The apps are planned as an adaptation of desktop frontend, so the final version should indeed have the same functionality. There may be some troubles with custom widget sizes - the authors may set them arbitrarily, so not all widgets will fit on the smartphone screen. We are considering several possible solutions - we'll tell you more about that when the desktop version is done and we're closer to mobile release.

In general, the smartphone screen can hold less information, so, while the functionality is the same, the use cases are different: you may use the smartphone app to quickly check some figures on the go, while the website is your main workplace.

Are mobile apps for Android and iOS, which you are willing to release later on, going to lack some functions, which the platform itself can provide? Or is it going to be the same thing just in more convenient form for the smartphones?

The presale tokens (DBIP) will be converted to DoBI at 1:1 rate before the main TGE. We recognise that if ETH price will rise, one can buy more DoBI per ETH during the main TGE (remember, that we price DoBI in USD and not in ETH), so the volatility risk may actually exist. We decided to split the volatility risk with our investors 50:50. If the ETH price rises, then we will cover 50% of early investor's loss from the founder reward fund. You can read more in Section 5 of our WP.

What if volatility made connecting tokens with ETH become loss making? And if that way, may be there a possible ways to choose other one?

If I understand you right, you are asking about how automatic widgets will be rated?
We utilize 'usage statistics' for that: if more Subscribers use a widget then more reward will receive widget's Author.

A reference to Johnny Mnemonic) Watch it if you haven't, it's a pretty cool movie!

There will be a rating system in the marketplace - it will not be used to distribute funds, as with experts, but the Subscriber can use it to define if the widget is worth its cost. The author gets the entirety of widget's revenue (in case of automated widgets).

The widget accesses some external data provider through its Docker backend, so it is up to author to make sure that their data is relevant. There will also be some basic data providers from Dolphin BI that custom widgets can query, for example, clients for different blockchains.


Anybody can become an expert! The expert cannot see the content of widgets if they are not subscribed (or haven't purchased the paid widget) - they will only see a separate expert's interface where they can post their evaluation.

To become an expert the user will have to register as an expert. Although it is not required, we will strongly encourage experts to reveal their identities; after all, it will benefit them, because they will increase their trustworthiness and popularity, and, therefore, revenue. It is even likely that new experts that pass identity verification will get a small "starter" rating boost (though we are still discussing how to best handle that). Otherwise, an expert is only required to register their ETH address, and they are good to go!

So, I`ve gone trhough your Whitepaper and now there is a question. Who will add and remove Experts to the system and what a person should do to become one? Won`t it be used by some unhonest subscriber in order to get free access to widgets?