We wanted to update everyone letting them know we've gone forward with the web design and are having Dynamic Index develop the mock ups he initially created. We're looking forward to working with him, and have let him know to post his progress here regularly so that the community can also offer him guidance and their opinions about what they like and dislike.
Dabs is acting as our escrow for paying Dynamic Index and the break down as well as our other development fund expenditures can be found in the opening post near the top.
Thanks.
After some quick searching the amount even medium size sites like this can make is something to look forward to. The POS is like what 5% - 10%? So 10% of 85BTC annually needs to be brought back.
8.5btc buy backs per year to cancel POS 'dilution' needless to say that is close to nothing and also nothing to be even the slightest bit concerned about when taking into account....
A, The potential earnings of said site.
B, The above is not taking into account, coins will be burned as well as buy backs which makes the POS even less of a concern not that is was anyway.
C, This is going to the moon if they complete their milestones.
How much of profits will be used to burn Vidz and buy back Vidz from the market?
Hey Spandam, please reference this link as it gives a pretty detailed of all the numbers you're asking for and then some!
The thing is that this project has a very wide potential userbase. Given the scope of the project we can argue that this project will attract a lot of 'non-crypto' people, whereas projects like Waves and Lisk are dependant on just the Crypto community to adapt their tech (initially). This combined with the possibility of an actual revenue stream early on in it's core development...
Vidz is business, Crypto is (sadly still) a somewhat narrow community.
But that's just my two cents.
One of the goals of PureVidz has always been that once it's "production ready" it should be as simple and straight forward to use as a site like Netflix. As we jokingly said, we want infrastructure to be family friendly even to those who are older and not as tech literate. An example of this is using traditional streaming websites often makes you guess to find where the real play button is and clicking on things causes popups to open. Some of those popups can be malicious websites baiting you into installing something, porn, and who knows what.
In case you missed it in our past posts, at the end of this week we'll be enabling it so that users can attach their Twitter to their Pure Vidz account and then after some time we'll be closing Twitter attaching to audit those who participated in the bounties.
Was there a final decision made as to what new mockup will be used for the update?
Yes, we've decided to go forward with having Dynamic Index design the website using the mock ups he previously created. We've arranged for a deal with Dabs to act as the escrow for paying him for his work. A break down of how the dev. fund has been being spent is located in the OP near the top.
And what is with bittrex, did you cantact it already?
btw. on yobit it is rising very fast now, over 220 sat.
retweet this for poloniex and bittrex
https://twitter.com/WhalePump/status/822784660539318274
We'll be looking into different avenues for advertising once our infrastructure is up to par. As for Bittrex, we have not yet. We've been busy with other things mainly focused on the project development aspect side of things but we'll be looking into Bittrex later on and hopefully they'll see the merit in our project as many here do.