Hey guys, does the update look good to you guys? Escrows will be releasing 25% of the ICO to the devs.
Excuse me, but am I right assuming the 50% of ICO is already released, and now the next 25% is going to be released, so the released funds percentage will reach
75% of total funds?
I agree the devs are doing fantastic job, but the speed of releasing the funds does make me worry a bit. Devs are working really fast, but would be great for them to have some tangible incentive to continue that work in few weeks-months too.
And the milestones here:
25% after the first major update to our website
Auto-populating metadata and tagging
Video Suggestions (by similar tags)
Playlist Management
Subscriptions
Are all of them met already? If they are met, then of course, the funds should be released.
Don't take me wrong, I really like the work devs are doing, but I want to make sure rules and agreements are not changed on the fly.
I'll try to address this clearly for people for those asking, the meta data and tagging has been done for some time now and will be improved. This is essentially the feature when you search the movie/TV title and it fills in all that information for you (Synopsis, Genres, etc). There are some current limitations with this like I previously mentioned. An example of this is current the auto populate doesn't work well for great for currently airing anime which is a big form of media, but does work well for main stream/English TV and movies. Better support for this can be added in the future, but for the time being it does it's job fairly well. Video suggestions by similar tags is a system that's long been implemented as well, it's clear to see it's working as there are some recommended movies at the bottom of viewing one. Playlist management is done, but isn't entirely visible in the current UI since we've temporarily disabled TV while we add support for TV through IPFS. There are two examples of this which is a playlist could be derived from a users liked content (new) but more important playlists were auto-assembled when a user uploaded a season. A season was essentially a playlist which was a collection of several entries. Rather then spending development time making pages for and writing the front end integration for certain features on the current UI which can be a lengthy process, we've chose to focus on other important matters because we're going to be switching to the front end Dynamic Index developed. Lastly, subscriptions, again this is done but there's some issues with this in the current UI. For example, suppose you like someones content very similar to how when you're on said content it has recommendations you can perform an analysis on content they've liked and suggest other content from that user which is a good starting point. On Youtube you see this feature as "You might also like from this User..." which just limits the related algorithm to content from that user then content entirely on the index. The other issue with subscriptions is that currently all views are uploaded anonymous. We planned on addressing this again in the new UI where a user chooses certain permissions when uploading a video. It's currently not like Youtube in the sense that you see who uploaded it and they have a channel and you can see their other uploads etc the reason being it requires UI for the user profile.
There seems to be a disjoint in thinking between practically and what's best for PureVIdz versus what gets us paid. Hypothetically speaking, we had never mentioned IPFS or a new UI before on the roadmap so should we just scrap those and prioritize what gets us paid because those are our tangible incentives? The obvious answer is no. Here's another hypothetical, during the crowdfunding process should we have made promises for things that would take years to develop but still collect our crowdfunding money upfront after the token/coin launches like every other crowdfund does? The obvious answer is no, because anyone doing this makes the whole point of escrows pointless and if that was their intentions from the start there was no reason to use an escrow other than for show purposes. We should be prioritizing development in a way that lets us grow and expand the platform in the fastest way possible and lets people feel an immediate product that still works quite well even if it's not to the point we intend to eventually get it to. Our incentive to get PureVidz to that point is that the faster we're at the point where we can approach main stream users and grow our reach the faster we all benefit.
Thanks.