Yeah I am invested in VTR but saw this project so thought why not invest in both? Quick update I went ahead and tried it in chrome incognito (without any extensions) and I can confirm it works now. Wow! It's amazing the bandwidth it's getting just from a torrent.
If I invest in te ICO am I essentially pre buying coins or does the investment go towards the sites revenue?
It makes sense to hedge investments so I am with you on that one and sorry for jumping the gun I just couldn't workout why I had not seen any complaints when I read the thread back like ten pages when I found this lastnight and like you I was blown away with quality and speed. You should leave the dev team a pm though to see if they can help for future reference. When I read the white paper which you can too here
http://www.purevidz.net/Info/Intro everything is designed to take away the necessity of any extensions or downloads which is a very big sell for me.
From my reading and understanding, the coin brought and finances raised in the ICO will not go towards the site revenue. It will be used to market the site and help with expenses that usually arise when creating a big site until the time when the site is standing on its own which shouldn't be to long in all fairness.
It says funds on the site will be raised in many ways ranging from - Advertisements on site, targeted Advertisements, VIP memberships, VPN referrals. As you can see like I did, this can make an absolute fortune and goes above and beyond any standard streaming site.
I highly recommend reading the entire whitepaper and basing your decision on what you find there. I found gold with the way the escrow works with targets to release funds their funds and the extremely high transparency moving forward. And of course "most of all" the way my BTC is going to turn into more BTC.
I read the whitepaper but I still don't see where it mentions how we are getting paid back. Are we paid back a percent of the sites profits? If this is like a normal crypto coin can't you just buy it off an exchange?
As an investor your stake in the company is the coins you hold. The mechanisms of the site are designed to force the value of the coin to raise as well as to re-distribute the coin to encourage users of the website to participate in using the coin to help boost its adoption rate.
Fiat earnings are broken into 3 categories.
#1: Site base maintnence: 15%
#2: Ownership based stake: Variable% based on how many coins the company holds (public wallet addresses that are not 'dumped')
#3: Buyback programs: Remainder is used in buying coins from exchanges to be burned, redistributed to site users through promotions and to increase the ownership stake
These mechanisms mean that as the site earns money the coin gains in value which benefits investors and at the same time boosts the acceptance rate of the currency and the site itself through the advertisement programs it funds.