Topic: [ANN][XOM] Pre-Release|Coin and P2P Marketplace|Anon|Escrows|Reputation|and More - page 5. (Read 28389 times)

No, you didn't. You applied for the trademark in February 2014, whereas Omnicoin was originally released in December 2013. Please decide on a new name for your coin, because regardless of your opinion on our coin, it is a legitimate cryptocurrency supported by many members on HF and has a solid grounding. We realize there are some who voice their negative opinions of omnicoin, but we have recently restructured the Omnicoin team and are currently undergoing many new developments.

Please have a look at the posting date of this thread: http://www.hackforums.net/showthread.php?tid=3923174
You will notice that it was posted on 12th December 2013.

On Friday, February 07, 2014, a U.S. federal trademark registration was filed for OMNICOIN by OmniBazaar, Inc., Clearwater, FL 33758. The USPTO has given the OMNICOIN trademark serial number of 86187319.

So clearly we chose the name before you filed your trademark application. Please rethink your branding.

Thanks, Mesh.
Omnicoin Team.

OmniBazaar will be open sourced after we launch and get some traction. CryptoBazaar... we'll see. At the very least, we will get the code reviewed/audited -- for our own peace of mind as well as that of the community.


Thanks. Best of luck to you too.

Yes. We're aware.

Edit: I had an appointment scheduled for a phone conversation with the Jesse (the owner of the omnicoin.org domain) to discuss this whole issue. But, Jesse never followed through with the call. The facts of this matter need to be sorted out. We have had several omnicoin-related domain names for over a year and a half, and have been working on the OmniCoin project for almost that long. We believe we have a strong case for a rightful claim to the name.

We had a trademark application for the OmniCoin name filed well before they launched their coin.

The coin is still going strong and is trading on an exchange so maybe naming after it you are fanboys then .

I don't care about OmniCoin. It is an alt/appcoin that I won't use for sure.

I really care about OmniBazaar and CryptoBazaar. OmniBazaar should be open source. CryptoBazaar must be open source.

Good luck with your little project.

The OmniCoin you're referring to flopped bigger than shit.

The [XOM] OmniCoin that will actually get rolled out with OmniBazaar is definitely usable - I believe several other threads in this forum identified that particular product as a 'shitcoin'.  OmniCoin [XOM] was developed far earlier than what you're seeing (and has several pending patents).

Are you aware that there is already another coin using this name?

This does look like a great idea but OmniCoin as a name and coin does already exist here http://www.omnicoin.org/ .

We're going to go the Coinsource route. Give us a few days to work with them.

But, in the mean time, IndieGoGo has all of our contact information. And a few minutes of searching (or the link at the bottom of the OP) would take you to our website, which contains all manner of information about who we are and what we are doing.

Unlike many of the other projects on BitcoinTalk.org, there is nothing hidden about the project or the developers.

Your donations will help us move this project forward faster.

Thanks,
Rick

First, I am required to say that investment in OmniBazaar is available ONLY to "accredited investors". If you don't know what that means, you probably aren't one.

Investment-related documents can be found here: http://omnibazaar.com/index.php/invest

Our on-line investment site is on AngelList: http://omnibazaar.com/index.php/invest

If you have any other questions, you can PM me on this site.

Thanks for asking.

Rick

A simple question, how and where can  I invest in this project?

Where do you see a reference to $25 on the crowd-funding page?

The OmniBazaar base application will be completely free. Free to download, free to install, free to post listings, free to search and shop, and no monthly fees. The only cost will be the small transaction fees mentioned in the OP and the campaign. We do think we will probably charge some small fee for the CryptoBazaar anonymity feature, and for the distributed currency exchange. Not everyone will need or want those features, and we believe they will add enough value to be worth some small premium. And there is something to be said for making those features a little bit exclusive.

We will have a beta available for testing as soon as possible. But there is still some work to do before we are ready for a public beta.

You probably can understand that it is a bit of a "chicken or egg" situation. If we had more funding, we could get the beta (and other features) ready sooner. But, without the beta and features, . . . less funding. If it helps, you might notice that we are completely open about the identity of the team and about the company. We're serious about this and have been working on it for quite a while. We'd much rather get the project done than run off with your donations.

And, some people see what we are doing and decide they want an early shot at some OmniCoins. We believe it's a good bet.

OmniCoin will (of course) be open-source at launch (or before).

Yes. We plan to have some rules, like no murder-for-hire, no human trafficking, no weapons of mass destruction, no child pornography -- fairly sensible stuff. I trust you are not advocating that we allow those things.

Beyond that, we are designing a "self-policing" system that will allow people who are active users of the system to down-vote content that is either explicitly against the rules (mentioned above), or that they feel violates the spirit of those rules. If enough people object to a particular listing, then it probably shouldn't be there. This gets a bit tricky, however, if just anyone is allowed to come into the system and start voting down lots of stuff they personally disapprove of. So, our current plan is to allow a single down-vote for every (let's say) 4 or 5 successful transactions in the marketplace. Transaction info will be readily available on the blockchain, so we shouldn't need to store it. We may need to experiment a bit to find a self-policing algorithm that can actually catch bad stuff, without allowing vendettas or outside censorship. The one non-negotiable requirement for the system is that it must be decentralized, and can't involve any central authority. Do you have any constructive suggestions on how this can be done?

We will have a beta version of the marketplace app available for testing prior to launch. But, we are not going to release a half-baked solution.

Yes, we are asking for community support to complete the project. We have internally financed all of the development so far. We certainly aren't the first project to ask for funding before the release of a coin or a product. I doubt we will be the last. If you think the idea has merit, and that we have a good start, then pre-subscribe to the coin.

lol no. pod can't be trusted

POD would be good, this is very important in building users trust and confidence.

POD ? Coinsource?

I noticed from your crowd funding campaign that you plan on charging $25.00 for the market place software. You need to rethink that. Who would bother with that when kijiji, ebay and others are free to browse?

Also, when do you plan on giving us a working alpha/beta marketplace software for testing? With scams abound you will have to give us proof before you'll get any trust.

It's non open-source. OmniCoins are pretty much useless (bitcoins can be used). They are banning "prohibited" content (who will classify it as "prohibited"? What's illegal?). Not a single version or demo of this "working prototype". Looking for money before anything to offer.

Good luck guys, but I won't get closer to OmniBazaar. It is not decentralized when there is a group of developers working in a closed project.

Please see this from the FAQ on the original post:

Wait a minute! Are you saying you plan to dump 20 billion OmniCoins onto the
market when OmniBazaar launches?

No. The number of coins in circulation will be completely determined by how many people join and use the OmniBazaar marketplace.
We will give only a small (relative to the eventual 20 billion) number of coins to each person who joins OmniBazaar, and an even
smaller number of coins for referring a friend. We will distribute half the coins in this manner over, over the span of as many
months or years as it takes to distribute them all. We will distribute the other 10 billion coins as "reverse transaction fees" when
users conduct transactions with each other in the marketplace. In other words, during the initial distribution period, we will
essentially pay users a small OmniCoin bonus to buy or sell something in the marketplace.

We haven't finalized the numbers yet, but let's say we give 1,000 OmniCoins to each new user who joins OmniBazaar. This
represents one twenty-millionth (1/20,000,000) of the total eventual coin supply. That would be a much slower emission rate
than most other coins have. We could give 10,000 coins to each new user and still have a slow emission rate. We think this is
infinitely more rational and fair than most other recently introduced cryptocurrencies (especially the ones that generate all the
coins in just a few weeks to enrich the developers and their friends). And we believe this distribution plan will add liquidity at
the rate that is needed by the marketplace. As more people join, more OmniCoins will come into circulation. Similarly, we
estimate that users will do hundreds of millions of transactions in the marketplace before the "reverse transaction fee" pool of
coins is completely distributed.

20 Billion is a big number, but we plan to spread that over a large number of people over a considerable amount of time.

20B is creazy. investors can not earn money when it over 2sat .id better pass it.