BUMP
Can any DT here please give a flying fuck about tagging this projects owner.
Dear user, first of all, please be more respectful, you could have said the same using other words.
I posted a short fast answer to you in Grayll's ANN
https://bitcointalksearch.org/topic/m.53303809 (but you just wrote and left), and also an ellaborated answer as follows.
What seems strange is that since April 2019 you have not responded to any of the logic outlined to you. Your motivation is unclear, however if your motivation is to help investors avoid making mistakes then you should probably change your strategy.
Any other could have said it is just an attempt to get Merits at all cost.
Some of the parts you refer to were also used by the Founder of GRAYLL in a White Paper written and publicly hosted in May/June 2018, how come you did not pick this up?Furthermore, it was clearly indicated that publicly available statistics only need to be quoted as source if so desired, if this is not done it is no indicator of a project being invalid.Have you ever seen the business plan or pitch deck of Twitter, Tinder or Coinbase? Professional investors look at the team and their capabilities less at some arbitrary document.If you have ever run a company or project you should know that a White Paper or business plan will go through multiple iterations whilst knowledge is being gathered and the development is ongoing.A small start-up team is not just busy trying to provide the most well written and presented White Paper, they have 100's of other work streams everyday to manage, especially if pleasing and raising funds from retail investors prior to a product being available is not the highest priority.Although we are glad that retail investors exist and are interested, it takes 10x more work to receive a $1,000 commitment from retail investor than $100,000 from a professional investor that cannot lose their client's or their own money, but better understands how to analyze the potential of a team and their project.
Therefore if you are trying to help other retail investors navigate projects and understand how a tech/blockchain/DLT/crypto project is built then ask technical, business development and other fundamental questions that make a difference in the real world, rather than focusing on things that will not make a difference either way.After 20,000+ White Papers published by blockchain/DLT project since 2017, how many projects are actually there today with viable technology and which ones can actually execute a business plan to grow and evolve a project or pivot if required?
In April 2019 you received adequate responses make you question how you are actually analyzing projects, no intelligent response was received, you just kept repeating the same and avoided actually looking and studying what the project was about and what you might think as relevant was actually not really relevant to the project at all at that time. There are 48 pages did you read and understand those, running a project through a scanner does not amount to helping anyone or knowing anything, you must first understand whether what you feel is proof of future failure is actually relevant to your assumptions, therefore there is no reason to respond to your repetitive remarks, as they have been addressed and you may review any improvements or amendments made, however again paper is paper, saying that someone will do something is actually different than being able to do it and doing it and changing paths if and when required. Twitter, Google and many other start-ups are currently a different concept and business model then when they started.
https://grayll.io/wp-content/uploads/2019/09/GRAYLL_Business_-White_Paper_V.1.01_EMAIL_SEP_2_2019.pdf It's like saying that the new Ferrari seems to has copied some design aspects of the headlights from Lamborghini without mentioning that now they have the most revolutionary machine learning assisted driving and auto-pilot, the car drive at speeds of 400 km/h on a hybrid engine that charges itself when stationary etc etc...
Your repetition and views seem to indicate that you're actually not a software developer or have ever created an App or ran a project or start-up company, but that might be an incorrect assumption, but usually the way anyone knows if someone understands what they are speaking about is the types of questions they ask.
***Raising funds is not just a simple process and most projects actually spend capital raised from VC/private investor funding to run an IEO to retail investors, 2019 was definitely not a great year for that.Most of initial capital was provided by the founder and a person doesn't work for 12-18 months 12-14 hours per day, 7 days per week for fun! Many committed team member joined 6/7 months ago work hard everyday in the hope to be rewarded in the future due to the success of the project, based on the foundation of a relevant application that provides users with value.
So, yes funding is important to maintain the milestones on a road map, improve the development team, but we don't need to give up as the IEO was never a priority,
Contrary to what some people will have you believe, a project of this magnitude will take 1 to 1.5 years to build up. The team a high academic pedigree, US Ivy League and other top 30 universities globally and have the worked for top corporate firms, hedge funds, banks and investment managers, law firms they didn't just wake up one day and went let's do something for no pay for 18 months. Some people on the team have been involved in Crypto and DLT from the earliest days of Bitcoin. The founder started developing with smart contracts before Ethereum was even funded, Codius is older than Ethereum...
At the end of the day everyone will be wrong that doubted that it was possible, we might be later than anticipated due to additional development complexities... but it will eventually be there... However, it is a shame how much time and energy goes I to irrelevant issues in the blockchain/DLT space. Hopefully all this trolling in Blockchain/Crypto will stop or diminish, it’s killing the real progress and value that can be created.
If you are at all interested in improving your position and learing new skills and having valuable information we do that everyday on
telegram:
https://t.me/grayll_official_groupand every week on
Medium:
https://medium.com/@grayllWe are committed to improving the space and helping people!This was shared with you back in April 2019:
It seems people talk a lot about White Papers but actually don't know how to read, analyze or interpret the information to make useful decisions.
Neither do most retail investors know that most of the technical stuff is usually written by the team as they generally devise & create the system and the marketing and often tokenomics by ICO Marketing Agencies or Advisors for a cool $5,000 - $20,000.
Projects actually do not have it so great, because the cost of doing anything in blockchain is exorbitant compared to any other tech start-up environment.
Again, Airdrops can cost $5,000-$10,000 without the cost of a robust bot, exchanges offer this service as well now for IEOs.
Scrap the White Paper: How to Evaluate Tokens and Blockchains
https://www.coindesk.com/scrap-white-paper-evaluate-tokens-blockchainsCrypto investors love white papers, although I’m not sure they really read them. Mostly they skim them and ask “why can’t you do this with a database instead of a blockchain?”
Asking the right questions
Most crypto investors don’t ask good questions. In fact, most crypto forums are filled with posts of people asking the same thing over and over or issuing the same three or four criticisms of blockchains that they read somewhere else.
VC mindset
I think it is much better to evaluate a blockchain the way you evaluate a startup — you assume the starting point is a starting point, not an end point. Crypto buyers, it seems to me, evaluate a white paper like a final product, and that is where they go wrong. When I look at crypto deals, I think about a different set of things. I think about where they are starting and where they are likely to be in a decade, and the path to get there.
If you want to evaluate opportunities that way, here are four things to consider. — Team — Vision — Scope — New vs. Existing Market —
curious funny fact: You were reported and banned for plagiarism
