Bitcoin Forum

What is Klyemax Studios?

Klyemax Studios is an adult entertainment start-up based out of central Canada.
Specializing in live adult cam shows and videos featuring female and male along with couples on webcam.
Planned web cam shows as well as pay per download recordings/features are the primary revenue streams.
Our goal is to provide a safe place for talent to come and show off their goods, while taking client requests live on cam.
We aim to achieve this through setting up potential talent into the industry, While coaching them along the way to meet success.
Recruitment of female and male talent has already begun, and we hope to add more talent to the roster as time goes on.
 
The plan is to use Bitcoin as the primary method of tipping and purchasing private shows.

Initially Klyemax Studios started out as a hobby venture between myself and one of my starlets.

After receiving over 1600+ viewers on the first show it was realized that an untapped market had been uncovered right on our doorsteps. The first show lasted ~4 hours and was very well received. Both male and female viewers tuned in and we achieved #6 on the top 10 list of most viewed cams at that time.

Unfortunately our account on the website we were using had not been verified and we had lost out on hundreds of dollars worth of tips from our viewers.

We had a few users tip us in Bitcoin though, which I thought was amazing.

The camera we used was off of my laptop, the picture quality was terrible, But people were honestly enjoying the live show and the interaction we were providing with the viewers. This was not your run of the mill cam-whoring session. This was as pure as adult entertainment gets!



Why the IPO?

Well to be completely honest with you, We'd like to bring the Klyemax experience to the next level!

We plan to run on the site chaturbate.com as well as myfreecams.com until the point in time we develop our own site and cam client. We understand that the live cam show business is extremely competitive and we must work our way to the top and create a healthy brand before venturing out with our own site. It will eventually happen, and we look forward to it, but as it sits right now it is best to build up a solid reputation and clientele base before going into the second phase which sees us build our website into a full fledged force to be reckoned with.

The purpose of this IPO is to be able to get proper HD webcams and microphones, Get computers and servers to be able to host and stream from, as well as be able to rent a multi roomed studio space for our talent to come to and work in securely and also to be able to get new "toys" and accessories for our talent to perform shows with. Not only does this IPO gear up the studio to provide a greater experience for its clients, it also allows Klyemax studios to begin developing its own adult entertainment website providing a place for Bitcoin users to come and fulfill their wants and desires via private shows.

I personally have experience in web design as well as in the security sector, including hands on work with various high definition remote controllable camera systems. The plan is to be able to implement this functionality into video/chat based clients for private shows and a more interactive experience with the featured talents. That being said I will be looking for a seasoned flash or HTML5 developer to work with to help develop both server-side and client side functionality.

We plan to use the initial phase 1 IPO funds to get the studio off of the ground:

-HD 1080 PTZ web cams allowing users and talent to move the camera by remote.
-Acquire smaller wireless cameras for extreme POV shots.
-Computers needed to stream to multiple sites simultaneously.
-Multi monitor setups to allow talent to track/interact with their clients over the many websites they are streaming on.
-High speed internet with bandwidth capable of streaming 1080 HD video as well as sound.
-Space to broadcast from as well as things to furnish the cam areas with.
-Business cards and advertisement calling in more talent and clients.
-Get the website up and running in beta for testing before official launch


The number details:

Basically the number game breaks down as such:

70% of the tips goes to the talent. (35%/35% split if 2 people on cam, 23.3%/23.3%/23.3% if 3 people on cam)
15% of the tips goes to the investors. (proportionately split up into % of shares owned by any given shareholder)
15% of the tips are kept by Klyemax Studio for costs related to running the business. (Space rental, electricity, etc etc)

This includes all tips from live shows as well as any revenue made from private shows.

The average 2-4 hour show can net anywhere's between $100-$300+ worth of tips.
Substantially more if you find the right client willing to pay talent for private shows.
If we multiply the amount of cams on and talent working immensely revenue grows accordingly!

We expect the first few months to be slow revenue wise, as we build up what we need to stream properly.
A small amount of Talent is already on board but we are constantly recruiting.

It is expected we will be to project profits once show schedules and profit data is compiled in the future.


How can you get involved?

Klyemax Studio is currently selling shares for this business venture!

After speaking with a seasoned advisor we've revamped the IPO to allow for further expansion of Klyemax Studios.
We believe this revision will be beneficial to both the initial investors as well as the business's future.

A total of 250,000 shares are to be sold in this initial round.
These are initial investor voting shares.

This initial round of investment is to provide proof of concept, so to speak
We need the opportunity to prove that Klyemax Studios will generate revenue.

Once it has been proven the business model is concrete another IPO will be formed.
We plan to have this IPO hosted on Havelock Investments at a share price of 0.001BTC.
Only an additional 250,000 will be sold at this time.

Shares bought this round will be worth 10 times their face amount during second phase IPO.

As an investor you will be entitled to what ever percentage of tips in relation to the shares you own.
If you owned 25000 shares you would effectively get 1.5% of the tips until second phase IPO.
Klyemax Studios owns all unsold shares and dividends will be paid according to % of shares held.

The cost per a share is 0.0001 BTC
Only 250,000 shares will be sold this round.

You can purchase / trade shares here:

https://bitcointalk.org/index.php?topic=596706

Dividends will be paid out every Sunday to shareholders.
Once the show schedule is set up I should be able to project profits.
Shares never expire or go stale, you own your share until you choose to sell them.
Trading shares between users is fine as long as it is made clear in the buy/sell/trade thread posted above.


Investor packages:

Investor packages have been announced! Allowing you to buy yourself perks now (instead of paying top dollar later).
Depending on what tier you fall into with your amount invested you will receive perks!
The tiers stack, Meaning if you invest 0.50 BTC you would unlock the perks from the 1st, 2nd and 3rd tiers!

Tier 1: Supporter (>=0.05BTC)
Supporters receive moderator status in all Klyemax Studios cam rooms.
This will include the Klyemax Studios website cam rooms as well as MFC / chaturbate rooms featuring our talent.
(abuse of your moderator privilege allows Klyemax to retract your supporter status)

Tier 2: Privileged (>=0.20BTC)
Privileged investors receive special customized nameplates in the Klyemax Studios rooms.
It is planned that users will be able to purchase nameplates to stand out from the crowd.
Investors of this tier will receive all nameplates unlocked FREE when the Klyemax site opens.

Tier 3: Elite V.I.P (>=0.50BTC)
This tier opens up the world of the elite adult cam experience right to your finger tips.
Lifetime VIP membership for 1 account on Klyemax Studios website.
Preferred in queue for cam controls, Control what you see and move the camera!

Tier 4: Overseer (>=1.00BTC)
Overseers shall be given permission to add / delete rooms and moderate the upcoming website.
In addition to being given room creation privileges they will also have access to all revenue data.
This is an option best suited for serious investors interested in maximizing both their and Klyemax Studios revenue.

Tier 5: Porn Baron (>=2.50BTC) (maximum of 5 given out)
The tier name says it all. You sir (or madam) are an aspiring porn baron.
Only 5 Baron positions shall be given out and they act as co-owners to Klyemax Studios.
As porn baron it is your job to sit back, relax and watch our talent from your villa.
These are weighted voting positions and ultimately you get a solid say in the workings of Klyemax Studios.



Remember, all tiers stack on one another, Enabling all investor perks above it.
Tier 1 through 3 will be available for purchase when the site opens via web sales.
Tiers 4 and 5 are only available through initial IPO and are non-transferable.



Thank you for your interest in Klyemax Studios!

Any questions or concerns? Feel free to PM me here.
Alternatively email us at: klyemaxstudios@gmail.com
Or shoot us a Message on Skype: M_R_KLYE

Like us on FB:

https://www.facebook.com/klyemaxstudios

Hope to hear from you soon!

KLYE

As it sits right now we've only done a handful of shows and made a small amount of money (before Klyemax came to be).

I do understand that people prefer free porn, But you aren't going to get live shows with talent doing your bidding free anywhere generally speaking.

Projected incomes will be easier to determine as we do more shows and get a schedule set up.

Thanks for your interest in Klyemax Studios!

Cheers,

Kyle.T

^I vouch for OP.  100% legit 8) NSFW http://imgur.com/a/SVIg8

You are looking at $100-$300 earned per a 2-4 Hour show.. This is completely dependent on number of people watching and what talent you have on cam we've found.

Why thank you.. And besides you looking like a sock puppet.. I appreciate you digging out the link to the screenies of my first show. :)

Not at all.  You have posted the link in your other thread, here: https://bitcointalk.org/index.php?topic=587618.msg6531760#msg6531760 .

I wanted to offer my support there, but due to trolls the thread was locked :-\

And I most certainly am not your sock, I resent the implication.

Unfortunately I had to lock the old posts due to a few users having nothing better to do than harass me and down call everything.
Hopefully these new self moderated threads won't run into the same problems..

Self Moderated posts are the hallmark of those that can't take criticism; I don't like them

I will gladly take constructive criticism. But when you have users repeatedly trolling and referring to talent as barnyard animals and asking for scat videos (with absolutely no intention to pay).  Well, eventually you just lock the threads and and cut your loses.

A little bit of trolling here and there.. I can deal with. But absolute asinine behavior I haven't got the time nor the patience... Hence the new moderated threads. Hopefully you can understand this.

Cheers,

Kyle.T

Can you please quote relevant posts where people have asked for 'scat videos'? I seem to be missing them.

And I would consider legal information constructive criticism :) I encourage all to go see the thread themselves and evaluate, rather than based on hearsay.

Nope, I had a lot of trolls in my BDD thread at the beginning. I believe it's important for transparency to keep threads non-self-moderated.

You can go back and find them on the old threads.

And believe it or not your legal advice was actually helpful to me. I apologize for getting course with you but the way you went about things was clearly aimed at shaking my tree so to speak. In the future I ask you limit yourself to constructive criticism on one post and then let me deal with it.. Instead of repeated posts. Much appreciated sir.

Cheers,

Kyle.T

@FastLoan4You:

I have asked OP to poop on his friend a little.  A perfectly valid request, OP is a sex worker, more precisely a camwhore (I believe that's the correct colloquialism, no?)
Apparently OP gets offended by routine requests.  Sorry, OP :-\

Please refrain from asking your requests here. This is not the time nor the place to ask for your scat fantasy to be fulfilled..

I'll ask you not talk about your particular perversion here. Not to say you are wrong in having such wants or needs.. But frankly Klyemax Studios is a little bit more civilized than to have talent defecating on eachother... Learn to read NotLambchop, I will not have you stinking up this post with your requests and questions involving people crapping on one another. Grow up.

^I'd settle for that :-\  Fond memories of my handler's hand...

http://media.vcstar.com/media/img/photos/2012/08/02/970627_t607.JPG

See, Fisting is good clean fun in my opinion! Provided one has ample lube of course!

*edit: Bahahahaha, Ok. I'll give you that one NotLambchop.. That is pretty funny.

So, this is your fourth thread on this 'offering'...  I have to agree with twentyseventy on the topic of moderated posts.  There's no way for us as readers to know that you are only deleting the 'troll' posts.  The 'may need deleted' title on the one locked thread recording a public history of who has invested with you is particularly troubling.  

Beyond the poor IPO etiquette, though, I find a few obstacles to investment here which I just can't get past:

• Lack of experience operating a business
• Lack of experience in the industry (a few cam shows aren't sufficient)
• Vague details of expenses/lack of 6-12 month projections
• Paying yourself an unspecified salary from the 15% operating budget
• Lack of concern or due diligence regarding local regulations which could negatively impact the business (through added costs for compliance or sanctions from non-compliance)
• History of homelessness
• History of begging
• History of drug abuse
• Prodigious time spent on gambling websites
• Vague valuation (First you wanted 25 btc, then you wanted 275 BTC..  You priced shares at .008, then at .024, then back to .008)

My recommendation on this offering is for investors to steer clear.

Public record of all those invested here:
https://docs.google.com/spreadsheets/d/1uNPYb9UxEIdkjqs7SmAUu6K4lDW7sHoWoDAS2zzcZAo

The other threads can be deleted at a mods discretion, as record of investors is secured above.
Threads were locked do to people's inability to behave in a sense were business could be conducted.

I am doing my best to deal with the onslaught of assholery that I have been bestowed with by opening up this IPO.
This is my second IPO and I apologize if I haven't been able to live up to your expectations. This is a learning experience for myself.

As it sits right now I do not have years of experience in the adult entertainment industry.. You must start somewhere.
I cannot offer profit projection as of yet without pulling numbers completely out of thin air, I choose not to do such predictions until we have enough data to accurately base the math off of. If this troubles you come back in a month, Numbers should be starting to form by then.
It has already been said I will be taking my wage after all bills and expenses have been paid. Depending on how well we do will directly affect what type of wage I am comfortable taking from that 15%. Also note that when I am on cam I am also taking a piece of the 70%, This insures that I can make a living off of this ontop of managing the talent / site / etc etc.
I am looking into the legal ends of this as we speak. A forum user was kind enough to bring up the issue and I am looking into the codes now to see what could be in the way and what needs to be done to comply. So far it looks not to be a terrible issue.
Now, I expect my past to be dredged up in this matter.. But it repeatedly being waved around frankly does nothing. Everyone has had their issues in the past, I am no different. I do not claim to be a saint. But what I can promise you and all investors is that I have been living hard drug free for quite some time now and I have no intentions of falling off the wagon again so to speak.
My time spent on Just-dice.com is leisure time. Many people play video games or take part in chat rooms. For me JD is a good place to talk with friends and burn a few hours. And as for vague valuation I suggest you go and re-read the IPO.. Not only are the numbers you have above for share price completely off but it seems to me that even after your fourth read through you do not understand what is being offered and seem to have nothing up your sleeve other than petty personal attacks on my character and old trials in my life..

I reserve the right to moderate this thread. I will not delete posts that are not outright trollish in nature. You have concerns and I am happy to answer them.

Cheers,

Kyle.T

Consider learning with your own, not other people's, money.
No, you don't finance your education through an IPO.  IPOs aren't learning aids.
You are obviously not ready to raise funds through an IPO.
Consider not advertising the fact that you plan to camwhore. Some people have old-fashioned notions and have problems reconciling shit like CEO, IPO, and camwhore.
You are funding a business by issuing unregistered securities and selling them to non-accredited investors.  There is no way around this.
No one questioned your saintliness, it's your track record that's troubling.
Some people play vidya, and some shoot speedballs.  No difference.
Your character and your past are the only things we can judge you by, you admit to having no experience and no numbers to share (which, in itself, is troubling).  The "trials in [your] life" are irrelevant -- it's your failures and shortcomings that count.

I'm going to leave this here as a testament to how absolutely low your trolling is.
Starting up my first business, you are entitled to your opinions but frankly you are just twisting things way out of proportion to attempt to make me look bad. I kindly ask you not to post anymore on any of my threads as you clearly have nothing but malicious intent.
In this line of work no better way to turn profit than run a business, get talent on board and not be afraid to work yourself.

I'm not asking for millions of dollars to invent some new world changing device. I am simply asking for some start up cash to get myself a porn studio set up to see if it can turn a healthy profit, which I believe it can.

Take your shitty defeatist attitude and your trolling and go mess with some other thread. When I get this thing off the ground and achieve success I'm going to look back at all this hate and naysaying and thank you for motivating me to make you look like the moron you are.

Please note that the comment is regarding your expenses, not your profit.  You should definitely know this information, or at least have budgeted with detailed estimates.  You should know how long you will be able to stay in operation without any reliance on incoming funds, at a minimum.


You're right on the share price not being changed.  That was a different IPO, my mistake.  I was relying on memory since all of these threads make it difficult to look through the changes you've made mid-IPO.  But, you did initially want 25 BTC and then changed your mind and wanted to sell an additional 250 BTC worth of shares, so the vague valuation stands. 

That said, I don't see any of the above as a 'petty personal attack'.  They are simply facts about your life which deserve consideration by investors and other stakeholders in your business.  You might want to consider your reactions a bit more closely to avoid building the perception of having a persecution complex.  I'm not saying that I have that perception of you yet, but the idea is beginning to form due to the way you handle criticism.

The initial IPO is for 25 BTC. When the company is proven lucrative we will do a second phase IPO as mentioned in the revised document.
I don't expect you to see any of the above as a personal attack. You and your trollish comrades have done nothing but circlejerk off of each other while attempting to discredit myself or fling FUD in all directions around you. I am done dealing with the hate I am receiving and I've clearly stated I'm not putting up with posts of trolling nature. That being said you've raised your concerns, now please carry on about your day and avoid trolling my threads any further.

To get back on track, what will predominantly be the themes of the income earning shows out of the gate? Female solos, girl-girl, couples, threesomes? Then finding out which shows tend to bring in more and do more of them to get some decent money in the till. Then, as this profit schedule can be rinsed and repeated and perhaps doubled or so, the 1st IPO will likely be finalized and on to major upgrades in talent ages and genre as well as traffic expansion. If this can pan out, seems that there is plenty of staying power.

Thank you Chef Ramsay for helping me put these threads back on the tracks.

We plan to feature primarily female solo, girl on girl and couples in live web shows. But will gladly feature couples and perhaps even male talents if the clients are willing to show a need for such. I am not a person to write off any viable means of profit but primarily we hope to focus on "straight" porn so to speak. It is also planned to offer downloadable video aswell for a fee.

As per local regulation all talent will be 18+ and their identities will be verified by the Studio as well as any sites they are featured on.
Personally I believe out biggest money makers will be found with solo female live cams as well as couples.

It is still too early for me to be able to project revenue as we haven't got equipment in needed to film yet. I am still researching what will be "the best bang for our buck" so to speak. The functionality I am looking for with the equipment so far has been difficult to find and worse comes to worse I will be developing our own PTZ camera mounts in order to achieve what is planned.

Cheers,

Kyle.T

Happy to announce I've just gotten word another female talent will be joining up with Klyemax once she gets back from out west.
Very pretty girl, Close personal friend of mine. She has never done this sort of thing before so it will be nice to have a fresh face on camera.
Not sure if she will be doing solo shows or shows with myself yet but I will keep you all posted as I know more!

Thank you for your interest in Klyemax Studios. I am excited to build up the talent roster and get broadcasting in the days to come.

Cheers,

Kyle.T

I just went ahead and quoted this from Benny1985 on the former topic. I happen to know that Benny1985 is a legit crypto entrepreneur himself, and a very successful one. So heed his words.

What you are planning to do is a potential goldmine. But you will have to stick to the rules. They will come for you and they will nail you to the cross (and your investors) if you don't. Yes, we're talking a 12.000$ IPO here that might stay under the radar but hell, don't risk it.

Screw the trolls and go for it. You know exactly where you want to be and you got the balls to get there. This has huge potential. But it will only have potential if you do it by the book. Find some friends who speak Legalese and beat the government on their own turf.

He's not trolling bro.  Questions like 'what are the numbers' are what shareholders should be asking when they consider investing in a startup.  Ok, sure, maybe you can't make any revenue projections (although I doubt it).  Can you at least show marketing information like customer growth, cost of acquiring a customer, maybe an exploration of the market size and a growth model?  What about past expenses/revenue and obvious future ones?  You also seem to have the mindset that a business is just a 'neat little thing' and if it flops it'll be contained to your credit report/your shareholders' losses.  That's not true at all for any business because of legal liabilities and especially not true for this one because you're selling unregistered securities.

Consider doing a few shows (with available equipment) to show a market for this. This is a low barrier to entry market. Obviously anything you spend will multiply your income in measure. However you can do alot with a laptop and some free time. Do at least a few weeks worth shows as quickly as possibly. Post your results (and proof) and you'll shut up 99% of the people in these threads. It's difficult to invest if you show a willingness to go out and attempt. You see this all the time on shows like Shark Tank. If you made some money doing the bare minimum then you're onto something.

Hope this helps.

Thank you guys for the advice listed above. It's a nice change to come into the thread and have people giving sound advice rather than ripping strips off of me and trolling. I'm planning to put some shows on this week with my horrible laptop camera to try and show investors / trolls that it is indeed viable business to do adult cam shows.

I am still researching proper cameras at the moment and haven't exactly found what I am envisioning yet. If anyone has tips on where to look online for fully movable cameras supporting RS 45 PTZ interfaces please let me know!

Cheers,

Kyle.T

Did you check the legal status for the shows and legal requirements and all? Having it closed because something wasnt checked wouldnt be fun i guess.

I guess another important question is what the total amount of share at the end will be. I mean when one buys now a share he gets 1/250000 of 15% of the total tips. So its important to know how many shares you will sell later. If you would sell another 250000 shares later then the same old share only would get 1/250000 of 7.5% of the total tips. And so on. So i think its important to know what you plan later in order to know how devalued the initial shares could become.

In my jurisdiction as long as all talent is over the age of 18 their is no problem with them camming. I am having a lawyer friend write up waivers in case of accidental pregnancy or death, As well as having him advise me over any codes or laws we may rub against.

The phase 1 shares will be worth 10x their number value when the second IPO launches. A small ammount of dillution will occur at this time but the second share prices will start at 0.001 BTC. Giving 1st round shareholders what I believe to be fair compensation for the 10% dillution or so that is going to occur. Of course second phase IPO does not launch until we are proved profitable to investors and start to expand multiple studios to large population centers.

Cheers,

Kyle.T

Shit happens.  Condoms break, people have heart attacks, etc.  99.9% chance that won't happen, but the shareholders don't want to be holding the bill if it does.  Just like when you go to a paintball field and they make you sign something saying that if you get injured or die it's not their fault.

>lawyer friend
>waivers in case of death

Your friend the lawyer?  He's not your friend :D

You don't have a friend who went to law school? I thought everyone my age had at least one friend who ended up a lawyer!

Lmao uvwvj! You never know what can happen. And I'd like to cover the investors arse as well as my own just incase something terrible was to happen. Double backflip penetrations could be risky for all those involved and it is a must we plan for said extreme maneuvers!

So your friend the lawyer said "Funding a camwhore site by selling unregistered securities?  Make sure everyone signs a waiver in case they die on cam, bro."  Something like that?

Not exactly. I am going to get him to use his legal jargon speak to make up a nice waiver for talent just in case something ever does go wrong.

So the "talent" are going to be your employees?  This is getting interesting...

Absolutely they are going to be my employees. Are Hugh Hiefner's bunnies not his employees?

The bunnies that have taxes withed and medical insurance provided are, yes :)
Have you given *any of this* any thought?
Also, since you mentioned "my age," how old are you?

Taxes and polysporin! What porn dreams are made of! (jokes)

Can't wait to see how this turns out

http://i2.kym-cdn.com/photos/images/newsfeed/000/330/832/9c6.gif

IPO shares SOLD!

Congrats to the investors that got in on the first round shares. Klyemax plans to bring you live adult web based entertainment as soon as possible! We will be piggybacking off other sites until we can get ours up and tested.

Cheers all!

Well, I wish everyone involved lots of luck but don't see this one doing to well. The horrible math and complete misunderstanding of the industry aren't great indicators.

Klye, if you ever need some advice shoot me a PM.

Why would I need advice from someone with a negative rep and terrible misdemeanor? I'll let my shareholders and myself guide this venture instead of trolls thank you..

Because your numbers will never work out for investors or for the business to survive. Your investors have zero knowledge of the webcam industry or they wouldn't have sent you a cent so relying on your collective knowledge to "guide the way" isn't going to magically make your shoddy math work out.

Good luck to all of you though, may you learn cheap.

Ooof. Dude. His single negative trust rating was because he was a new user doing an IPO. Nevertheless, he has consistently paid dividends and proven himself a relatively stable and reliable operator thus-far. I have no doubt he can ask Tomatocage to remove the negative trust rating at this juncture.

On that topic: he's in the XXX space at the moment, and is running a site that is consistently earning money. Maybe instead of being an asshat you should humble yourself, acknowledge you don't know everything, and get some advice from someone who is already successful in this space? Then again, that's probably something you should have done at the outset.

Full disclaimer: I hold no shares in XXXProfit, and was quietly critical of it at the beginning. My opinion has changed over time, although my shareholding has not.

It's hard to find the signal from the noise here sometime but I have been involved with webcams going back 13+ years. I have worked directly with models and program owners.

Anyhow Klye, I don't sit around rooting for anyone to go bust. That said, some of the numbers and plans you have really need to be reconsidered while you are still sitting on most of the money you collected.

I don't mind posting publicly if you don't care, I just didn't want to write a wall of text that you were sure to ignore.

Again, let me know if you decide you want some unsolicited advice.

Hi,

Who is your developer or development firm? What technology are you using for streaming? What content distribution network are you using?

As I'm sure he will confirm (seems to be truthful about his inexperience) there is no firm. You won't find a legitimate firm for $10,000.

Well, video streaming CDNs cost quite a bit too.. You are aware that bandwidth costs ~$250 (for your scale of volume) for a 3hr show with 1.2k viewers (480p)?

If you want "HD 1080p".. that cost rises up to ~$1000.

"The average 2-4 hour show can net anywhere's between $100-$300+ worth of tips."

Your 10% cut (what, $20) is not going to pay your bandwidth bills (min $250, $1k+ for 1080p).

If you pay >$xx,xxx a month in streaming you can about half the costs, if you pay >$xxx,xxx a month you can about quarter it.

See now why the cam sites charge models about ~50%? (No, you will get banned on Chaturbate and every other cam site if you keep trying to get people to tip bitcoin and bypass their cut). It's not because they are greedy, it's because bandwidth is expensive when you are streaming video.

--------

So, your new allocation:

60% of the tips goes to the bandwidth (assuming 480p)
15% of the tips goes to the investors. (proportionately split up into % of shares owned by any given shareholder)
15% of the tips are kept by Klyemax Studio for costs related to running the business. (Space rental, electricity, etc etc)
10% of the tips go to the talent.

I'm sure many of the talent would be super interested in signing up.

For god's sake talk to a systems analyst before you start an IT business venture. Bandwidth is expensive. Economics of scale applies.

He said that in the beginning they would just be using Chaturbate anyhow. I'm sure it will be decided that there is no reason to change that once he inquires about the actual logistics of building your own site where investing 7 figures isn't even a guarantee that you'll have 50 freeloaders on the site at a time.

Nice to came back and see a troll circle jerk again on this thread. *shakes head*

I'm not sure where you live but bandwidth is affordable here.

"Well, video streaming CDNs cost quite a bit too.. You are aware that bandwidth costs ~$250 (for your scale of volume) for a 3hr show with 1.2k viewers (480p)?" - "rupture"

^ where are you pulling these silly numbers from? In no way does a 480P stream lasting 3 hours cost $250. That is ridiculous even to think about let alone actually write on a public forum. -_-

I understand you boys sitting there trying to debunk the possibility of what I am trying to achieve. I'd be pissed to if I was paying $250 a month for terrible internet. The distribution network I plan to set up is my own. Until that time we will use other cam sites to distribute talent and video. Think about what you have said for a second regarding the infrastructure and bandwidth. Get realistic for a second and please circlejerk one another elsewhere.

Also I am a bit confused.. Is "ABitInterested" running some xxxProfit deal? If so I'd love to speak with him regarding what his costs are.. Because frankly if he is spending $1000 a month on a business internet connection he needs to base himself somewhere else.

Cheers,

Kyle.T

Kyle,

I have been in the adult industry for 13+ years, specifically on the webcam end of things. I know the ins and outs of that industry as well as anyone, from affiliate marketing to talent recruitment to processing, etc. I have never and will never host my own site because of the amount of capital required to do one properly and with any success.

Are you aware that simply being an affiliate of somewhere like Chaturbate, where you only make 20%, actually gives you a bigger percentage of revenue than they keep for themselves? After processing fees, chargebacks, the model split and hosting they are left with a fraction of that. They work on scale, a scale they achieved with a 7 figure investment and lots of time.

You can keep calling me a troll and that's fine. I'm simply telling you that your math sucks and hope you realize it **before** you invest a cent into your own site. I could hand you the best webcam software in the world right now for free and you would never get it off the ground for the amount of money you hope to raise in the future. If you put the entire amount towards marketing you would end with $0 and a site that has no amount of traffic or talent to speak of.

Again, good luck.

I'm certain many camwhores, much like yourself, dreamed of their very own website/"distribution network."  But being somewhat more inciteful than yourself, they understood that willingness and ability to preform on cam is not a sufficient skill set for starting a business.
That's why trained bears don't own and run their own circuses.

 :-\

What confuses me about this is the fact that the live webcam adult entertainment industry hasn't been around for 13 years..
13 years ago we were rocking 56kbps dial up modems (or worse) and simply didn't have the processing power nor bandwidth to do what is possible now. Now not trying to call a bluff or be an ass here. But over a decade ago what we do now simply was not possible.

Now call me a dreamer, But I think you are limiting yourself with your misconceptions of what is achievable within realistic budgets.
A 7 figure budget as you pegged chaturbate to have would be > 10,000,000 and frankly I think that site was built on a small fraction of such.

I understand you trying to share your experience with me and such.. But at the end of the day you are competition and I don't expect you to offer me any real valid advice. That being said I realize we are both going after the same pie, And I don't expect you to help me.
Of course if I put it all towards marketing I would end up broke. What is the point of marketing unless you are bringing something fresh to the table? Sex sells itself, Just a matter of delivering it a fashion where it beats the next delivery medium.. Start small, get some previously unseen client interaction going and then go for advertising. If you truly have been in this business 13 years and you are still in IPO mode you are doing it wrong imho.

If you stream video to 1200 viewers, you are not streaming it directly to them. You stream it to a server with your "business internet connection" (which indeed can be cheap) and then the server streams it to the 1200 viewers. Obviously only in the situation of your own website and not with Chaturbate.

Rupture is talking about the bandwidth of that own server (or better: CDN) It seems you never thought about these hosting costs and I advise you to google a bit on it.

It is probably something like this:
1 HD stream Mb/s * seconds of show * viewers / ~1000 (for MB>GB - not sure if they use 1024Mb) * GB price = $... per show

So imagine your 1080P stream is 5 Mb/s and 7200 seconds for 2 hours, 1200 viewers and GB price of $0.03, it will be:
5 * 7200 * 1200 / 1000 * 0.03 = $1296 for only 1 show of 2 hours.

Of course 5 Mb/s might be lower with some compression or the right codecs I guess. And 1200 viewers is bit much probably. GB price might actually be more though. I barely know a thing about video streaming, just web development, so it might be not 100% correct. But just an example to give you an idea.

And wolves do not listen to the opinion of sheep (or lambs in your instance).

Starring on cam is one thing, aiming to make business out of it is another.

It's to early in the day for me to deal with this troll circlejerk.. Atleast ABitInterested has some sort of minor handle on the industry.
If I recall not a day or two ago you were asking to be shit on and fisted (or something). Please Lamb, for the love of your own reality and mine just go find someone else to entertain yourself with.. I haven't the time nor the patience for your ridiculous behavior or input.

NLnico. I am looking over your math and you seem to be within reason saying that.

Although, Depending on who you are hosting with bandwidth is "free" meaning it is included in the package.
Now don't get me wrong, I'm sure most bandwidth providers have un upper level on what they are willing to offer with packages..
That being said though, When you have a private show you can be raking in $500-$1000 for an hour or two of streaming.
Multiples of that private show can easily end you on the right side of profit even if you were to have outlandish bandwidth costs.

Numbers are for pussies :)

For the love of...


Lambchop you daft cunt... -_- A regular show WITHOUT any private show action can easily net as stated.

Private shows however are a huge money maker. Please raise up off of my balls and find something productive to do with your time instead of making yourself look like a mongol all over my business.

OK tiger, don't mean to piss on your parade.
*Though I understand that could be quite entertaining --you into golden showers?

I only care about the stock when can trade? And studio, what time do you start work?

*shaking my fucking head*

OUT Lambchop OUT! *points to door*

https://bitcointalk.org/index.php?topic=596706.new#new Check out this thread and go see if you can trade with a shareholder.

And as for shows starting up we're hoping to have some this week but not entirely sure at this moment.

@Rates:  As soon as all the 'I's are dotted and teh 'T's crossed, MRKLYE's good to go :D

I am in no way competition to you, none. I promote programs as an affiliate.

As for how long the market has been around, clickcash had ifriends.net online and popular in the late 90's. By 2001 or so they had already paid out millions of dollars to affiliates.

There is no realistic budget in owning an actual cam site. 7 figures is in the single digit millions and Chaturbate spent well into the millions getting their site up to par. The code work alone would cost you at minimum 6 figures and I don't mean $100,001. Sourcing your own custom webcam software will cost anywhere between $50,000 to $1,000,000 or more and you will be delivered a buggy piece of shit that will need to be tweaked multiple times before it can be used on a wide scale.

As for unseen client interaction, there isn't much left. ifriends.net offered cyber dildonics (remote sex toys) and remote controled webcams that the viewer could control way back in the early 2000's.

I have seen multiple companies that had half a clue spend well over a million dollars only to fail. There are very few successful players in the space and even many of the sites you might think are successful are just skins of one of those successful ones.

The expenses in running a full fledged Chaturbate competitor far exceed any amount you could make with the first version of your plan and the amount that could be raised in your second stock offering.

Consider it a friendly heads up. There are a whole slew of problems you are going to run into even on the simple first part of what you have proposed but at least with that you have a chance. Fuck on cam, make a few bucks, pay shareholders. If you invest all of that money into the big picture pipe dreams you are going to have a lot of pissed off people looking for you.

Cheers

There is no free bandwidth for a Chaturbate style webcam show. It is custom everything and it is expensive.

I'm not trying to talk you out of your venture, you already collected money and have put the wheels in motion. I only suggest that you thoroughly investigate all that is involved in starting your own webcam site before you ever spend a penny in that direction. There are plenty of things you could do to make money for investors and grow the business long term that don't involve chasing something that will drain you in every possible way.

Recruiting and keeping talent is hard enough as it is as I'm sure you will figure out soon enough. At least that is an inexpensive lesson.

Anyhow, good luck with it. May you be the #1 whatever you do.

Actually my calculation seems wrong. 1080P video is around 5 - 9 Mb/s but that's megabits not megabytes. So let's say 8 Mb/s so 1 MB/s, then it would be 1 * 7200 * 1200 / 1000 * 0.03 = $259.2

$0.03 per GB is low though, that assumes that you will have petabytes of traffic each month*. $0.06-$0.12 per GB is more realistic. So price would be 2x259.2 or 4x259.2 still around $600-$1000 for 2h show I guess.

* based on CDN Fastly: http://www.fastly.com/pricing - just a random CDN though, probably not cheapest or whatever




So then you would not take a CDN but a dedicated server and have streaming software on it (which will require some expensive software and more development.) And for the bandwidth, still you could make calculations. Most dedicated servers do have a TB limit, like 100 TB. You can calculate how many 1000-viewers hours that is per month. Also I am not sure if for example a 100 Mbit or 1 Gbit connection would be enough for thousands of 1080P streams (you can calculate this too though.) And then I am not yet talking about the hardware (which probably is more difficult to calculate.)

Obviously you would start with a smaller server too. But then again you can calculate it ;)

Like if you have 1MB/s stream, 1 hour, 1000 viewers, 1000 MB = 1GB:

1 * 3600 * 1000 / 1000 = 3600 GB per hour. So 100 TB cap: 100*1000/3600 = 28 hours of 1080P streaming with 1000 viewers (assumes they all watch for 28 hours.)



Developing a site (without the actual streaming part) is not even that special. But you definitely have to look carefully into the hosting aspect. You cannot just get any "unlimited" hosting package, they will block you in a day, all covered in their TOS.

You will need to make an estimation of shows, hours and viewers per day. Turn that into a number of gigabytes. And check how much that will cost with several CDNs and dedicated servers. And if you go with a dedicated server you gotta look into streaming software, development costs, hardware requirements and connection speed limit. Ideally you could make an estimation for when you have 50 viewers, 500 viewers, 1000 viewers, 2000 viewers, etc. And also private shows / non private / lot of tips / few tips. So you can calculate the estimated costs / profit in the beginning and as you grow. And also in the ideal situation (lots of private shows + tips) and the least ideal (no private + few tips.)


EDIT: my math is probably still wrong, but just for example so you can calculate it in detail yourself.
EDIT2: Also remember that these costs should be covered by your 15% cut only (!)

Alright ABitInterested. I may have been over defensive in dealing with you initially.

I had you pegged as a fellow also running cams and showing talent, If you are indeed no, you are correct.. Not a competitor.
Your advice isn't as malicious as I previously perceived it to be and I apologize for any nastiness I may have directed your way.
Coding is not nearly as expensive as you think. Hell, you can hire fluent object orientated Chinese coders for less than a pack of smokes an hour. Not saying this is the plan but you get the idea.

I'm not looking to re-invent vibrating suits nor am I looking to step on any toes unnecessarily. This is a highly competitive multi billion dollar industry I am stepping into.. Even a small % of the pie (so to speak) will put both the investors and my studio in a nice profitable place.

And I think you are calculating expenses assuming no revenue which is silly. As said before sex sells itself.

I appreciate the heads up and the concern though ABitInterested. Hell, give it a little while and I actually might need your hand with promotions through your affiliate hobby. Far to many people on here quick to make enemies and offer no real advice. I applaud you for speaking what you feel is true.

Cheers,

Kyle.T

Noted NLNico.

The plan was to host my own servers eventually and stream from them. Even then I will have to look into the business internet plans offered here and see what type of caps they impose on the plans.

I do plan to stream in 1080 for the most part. Although I am leaning towards at this point in time only having VIP members have access to such streams as to help offset bandwidth costs. Jimmy Freeloader who isn't paying for his cam watching doesn't need to have the best experience possible, as he isn't paying for it.

The site development isn't going to be super cheap by any means, nor is the hosting. But I think it's possible to get a solid working beta site up and running with what we have invested. Again, I am not trying to go massive off the start. We will get the site up and running and some servers going before we expand.

Cheers,

Kyle.T

No problem, but the expenses are legit. I have seen dozens (hundreds) of webcam sites coded over the years. The problem is always scalability. When you put even 20 live streams on at once and thousands of viewers you run into problems that are not addressed in chap Chinese code. Anyone can code a functional webcam site, not many can code a functional webcam site that is optimized, rarely crashes and will scale past one or two streams reliably. Even the best coders are going to have unforseen bugs in their software which requires a staff on hand to deal with it. It's a really big undertaking and I am not kidding about people dropping millions on sites you've never even heard of. Chaturbate was started by industry veterans that already had millions in the bank, tons of connections with talent and webmasters and a decade of experience.

Cheers

As for the bandwidth concerns: go p2p :) use the webRTC data channels and your clients will be helping you with bandwidth :D
http://www.html5rocks.com/en/tutorials/webrtc/datachannels/

Also, there are other ways of reducing bandwidth costs

No it is not. You NEED a content distribution network. You are pushing out gbps.

You CANNOT use any shared hosting, VPS hosting, or dedicated servers. You need a CDN.

This is not practical or all the other cam sites would cut their operational costs by 80%. WebRTC "works" (and by that, I mean it technically passes data, with up to 100% [yes, 100%, not a typo] overhead).

When certain users (who is streaming content to others) closes their tab.. your users are going to black out for a second or two. I am sure you are aware in cam sites there are people joining and disconnecting multiple times per second.

Also, most (ie, pretty much all except people in South Korea) residential internet connections cannot upload 720p in real time. Forget about 1080p.

Finally, it introduces significant latency (can be up to 10-20 seconds, especially the peer you are getting the data off is on 3G, is on Tor, etc)..


$0.03 per gigabyte? That's really scurrilous lol, Amazon cloudfront offers bulk rates of $0.03 per GB after streaming 524 TB a month. That is more than $25,000 a month in bandwidth costs you have to spend before you pay $0.03 per GB.

MRKLYE is looking at $0.08-$0.10 per GB. Please show me where you can find bandwidth cheaper at this scale? Let me know, I would love to switch from cloudfront which is one of the cheapest CDNs already.

And yes, Rupture is right. A 3 hour show to 1200 viewers at 480p will cost you $250++. Do you ever wonder WHY all the cam sites charge ~50%? Competition should bring it down. But no, because the vast majority of the 50% goes to their CDN for bandwidth. And the established cam sites are only paying a third of what you would pay.

Rupture actually underestimated, if you want good video quality worldwide then you will need to distribute the stream from multiple edge locations, the top band for CloudFront is as high as $0.25/GB.

At your scale, I would expect you to be paying around $300 in bandwidth costs for a 480p 3 hour show with 1.2k viewers. Bandwidth only becomes cheap when you are shelling out $25k, $50k, $100k per month in bandwidth.

Yeh, check my next post where I corrected the GB price. I agree with around $0.10/GB

And also, you also need DDoS protection. Your site will get DDoS attacked if you run a cam site.

Here is how much it is going to cost you (quote from email I got when I ran something similar):


You probably need unlimited (because I got attacks in the 30Gbps range). You might think, oh I'll go with cloudflare, $200/month DDoS protection right?!

No, go call cloudflare with your business description: +1 (888) 99-FLARE

They will tell you that they will only be able to protect you with their enterprise package. The quote I've got was $4500 a month, on 12 month contract.

See https://www.cloudflare.com/plans, 'Averages $5,000 monthly'

Blacklotus (http://www.blacklotus.net) quoted me $10k+ a month, $5k setup.

Prolexic (now part of Akamai) refused to do business due to the nature of the business.

And before you think I'm a troll, I've done this before, it sounds lucrative but in reality it is not. There is a VERY high barrier to entry, and it is an extremely difficult business. You're dealing with Bitcoin so no chargebacks or fraud which helps, but this is not a business you can launch out of a trailer and expect to be successful.

Lot's of luck to you bro in your venture. I hope all goes well.

Mikey

If it says free traffic and you are trying to host a bandwidth intensive adult live streaming service. I can guarantee most affordable hosters will cut you off faster than you can collect the tips. These calculations are always mixed and under a fair-use-policy, so your legal ground will be thin.

Well you have to not only count in total bandwidth , you have to count in the limited connections per server.

Assuming 1 Gbit on one of those machines : https://order.us.unmetered.com/pages/dedicated/

As in you have probably something around 5 Mbit in moving Pictures , this means your 1 Gigabit unmetered Server can serve 200 Users Max. Not facturing in possibly Resource limits as in CPU/RAM-Power.

So you want to serve 1200 Users, well that would be at minimum(!!!) 6 of these babies in an optimal environment, properly load balanced. And you are paying around 600$ in the lowest tier / Month.

You are paying them with and without load and no chance to scale quickly, because you have to order another one.

How big is your Budget for IT-Personell who can pull this off properly ? Implementing existing solutions or creating a new one ? Do you buy something or does something exist that needs to be modified ? Who will do this ?

Don't get me started on CDN or DDOS. On this Budget , Self-Hosting is out of the Question , if you want it to be moderately successful (and running well ).

My hope and vision is eventually to set up my own streaming site. It is part of the master plan.
Hosting our own servers would be preferred as well. I think non-VIP accounts would have reduced yet viewable streams where as the bandwidth intensive HD streams would be reserved for those with VIP access. I am hoping this will make it profitable to offer such high quality streams. I need to talk to some IT techs and get some qoutes on how and were we can get the cheapest hosting while still being able to provide the quality we are aiming for. At this point I am still researching nice PTZ HD cams as well as stream splitting for multiple sites to maximize profits. All constructive advice and criticism is greatly appreciated at this time. A lot of smart people are on these forums and those with good intent will indeed aid us through thoughts and posts to help guide us into sustainable hosting and streaming.

Cheers all,

Kyle.T

Um, have you looked into this technology? It offers LOWER latency than cdn's. multiplayer games are being developed using this stuff - live streaming services too.

The problem with that to me is not technical but privacy. Would P2P streaming show IPs to others? That would be a big issue on an adult site.

Technically it sounds cool though :)

The idea was mentioned to me by a person into looking into p2p based web streaming.
Very interesting idea but I'm unsure if the technology is developed.. Let alone capable of the video/audio I wish to bring to VIP users.
Decentralized web streaming would also deter DDOS was my understanding as long as the initial servers IP was masked some how.
(again this was explained to me by a person who claimed to have years of IT experience, but was unable to provide the means to do so)
It's been decided that only VIP member will have access to the truly HD streams. With 15-30 second VIP stream samples given to new users in order to showcase exactly what they are missing out on given their free viewer status. I believe this will encourage new free users to consider purchasing VIP packages and thus improving revenue.

Cheers,

Kyle.T

The official KLYEMAX STUDIOS Cock Tattoo!

https://bitcointalk.org/index.php?topic=625220


Cheers all,

Kyle.T

I need to get this off of my chest before I lose my mind or any more nights sleep:

https://bitcointalk.org/index.php?topic=642090

D00d, no big deal!  Just have a second IPO, go on JD, and double your money.  Problem solved!

Jesus Klye. :(

Just take a deep breath, calm down and just focus on doing this venture of yours. It may take time and extra effort but you'll be able to clear up your errors and make good. Spend as much time as you can applying yourself to your business and you won't have the time to drift into an idle time zone. It's truly your choice as to whether you bounce back or not. Show some guts and put your mind right.

Camwhore 24/7 to cure gambling addiction... 

And this is why I only invested .005...  Feel bad as shit for the guy that put 20 BTC in (if it wasn't just him)

Dang man. I stood up for you when everyone else was calling it out. I hope everything works out well for you though. I have to say, out of all these scams on bitcoin talk, people have seemed to be more "helpful" and "less harsh" with you than with the others. LIke others have said, it may take a while, but you can come out of this.


Mike

Quoted for posterity.

And just because you're an honest scammer doesn't make you less of a POS.


Are you serious right now? Klye stole 24 BTC of IPO funds, gambled it away, and you're advising him to 'calm down' and 'focus'? What a joke.

The guy is a thief, a liar, and a scammer.

I wasn't jumping on the 'don't trust the ex-hobo' train, but I'm sure on it now. Hopefully those of you that lost money learned a (relatively cheap) lesson. Sorry for your losses.

Sorry Folks...

Invested in Klyemax Studios IPO....

http://static.knowyourmobile.com/sites/knowyourmobilecom/files/styles/gallery_wide/public/7/50/tumblr_mh1yybp16y1rlo1q2o1_1280.jpg?itok=rG9wUkoE

 :D

Please post this image above everywhere on the forums Rabbi.

Your lack of originality further solidifies my observation you are indeed a mongoloid.

Cheers fuckface.

All I hear is a formerly Homeless Degenerate Cam Whore Gambler crying like the little bitch that he is  :D

PS: I love how you still have a fucking Just Dice Signature that seals the deal for %100 Scam  :D

Please shitwank some more Rabbi. maybe someone will tip you

Lots of people tip me because unlike you I have talents  :D

PS: My talents are not being a fucking whore.  :D

You couldn't get laid even if you paid for it bud.

Well...

1. I'm not interested in having sexual relations with anyone.

2. I would NEVER EVER wish I had a job fucking HIV/AIDS/Hepatitis ridden whores that you do.

3. I'm happy being clean of disease and having never been Homeless in my life.

You probably already have 2. and definately have been through 3. and if you don't have 2. it's because your hand doesn't count as a sexual partner  :D

Owch, that thread on the gambling was hard to read.

Kyle, please see a therapist.

lol I read through the thread and degenerate thread. Basically you took their money anf gambled it ? or did I miss a page or two when I was reading ?

No, you just summarized it accurately.

Yep, that's correct.  But you forgot to mention that this degenerate first WON 14 BTC, and spent that on real life gambling, drugs, and other necessities of his life ::)

Great Investment Choices Everyone!  :D

Can't say Im terribly surprised. Put $20 into this, figured would be nice to help an ex homeless guy start up. I was assuming the 20BTC was you just trying to increase the value of the shares so you could sell them for more. To whoever invested that, please look into what you are investing in. This guy has had a mega history of gambling, investing large sums into him would not (and clearly shown here) not a good decision to make. If you can't stop when your up you need to get some help. Maybe ask Just-Dice if they will ban your IP (Yes you can always go somewhere else and be able to access the site, but a lot of gambling related issues is more based on urges).


Hopefully you will stick to your word, as someone just lost $12,000 entrusted with you.

All kidding aside, gambling addiction is one of the most insidious, and hardest to overcome. Gambling addicts actually get the "rush" when the lose, not when they win. Not that they enjoy losing, but they are motivated strongly to bet more when hey are down. Winning leaves them passive. It is how their brains are wired and why they have such a hard time walking away from the table when they are up. A little " Mia cuppa" and a promise to pay back has assuaged kyle's guilt a little, that's big of shareholders to forgive. Now he knows he can fuck up and steal from shareholders and remain unscathed.

How's the appliance store doing?

The psychology of gambling would be a fascinating study. Is it desperation or some biological factor that causes people to do what they do?

A mixture. All humans enjoy adrenaline, gambling gives some more of it than others.

I think to a point that is true, but I have never seen otherwise reasonable people act in such a self destructive way. I suspect there is something deeper going psychologically as well.

Had such high hopes for this one! :p

"It's a trap!!"

Creepier still:  People who willingly invest money in camwhores who happen to be well-known degenerate gamblers :-\  I'm a pretty mellow d00d, I don't judge, u in2 zoo or vore--i'm chill, but THIS...   This is one twisted fetish...

What is the plan?
you investors going to get paid, somehow ? or you guys just have to write off the loss ?

Thanks ruru!  That was hysterical.  Of course, it is easy to laugh while watching from the cheap seats as there is nothing funny about being told your coins are gone. 

I really hope all investors get their coins back.  Good Luck.

How in the hell do you confuse me with some degenerate homeless dude from Canada?

Klye made his weekly payment on Sunday so it all depends if that trend continues or not. Assuming his talent shows up and continues what they've been doing for the last month then there will be money coming in. It's up to Klye to step up his game and grow his business. The business wasn't a scam, he just did what he did but AFAIK there's still a product being sold. We shall see. :)

Business not a scam, but money raised was supposed to grow business. I gave him the benefit of the doubt and he shat on it, he should have purchased everything outlined in the IPO the day he received funding. Nothing mentioned is that hard to find

You keep saying this but you are missing some key indicators. For instance, I have some things that would allow Kyle to increase his weekly profit to an acceptable level for the amount of money he raised with this offer and these could be put in place immediately. However, I have no interest in doing this, even though it would make me money as well, because of his behavior on the forums and elsewhere. And I'm not talking about the gambling.

Money is money :P

Any updates on the appliance store?

Well you see, just-dice is really fun and I... I...

I couldn't help it but....

I totally haven't had time to play shit in the last few weeks. I responded to your post in the other thread. ;)

 ;D

I don't think that dooglus accepts fridges and washing machines, luckily  ;)

Oh, Klye....

Looks like Kyle decided to not pay dividends this week, surprise  ::)

That's his choice, how's it going boss? reserved

@Chef Ramsay:  You mentioned that to certain men, owning a piece of poundcake holds a "certain allure."  Has the mentioned allure lessen its grip on you yet?

Yes, it is his choice, however dividends were supposed to be weekly according to the IPO (which he has already shat all over). Looks like he doesn't care about getting money back to investors, not surprised.

I do infact care about getting squared back up with investors.. :/

Financially I am not doing terribly well right now and unfortunately have become an anxiety riddled insomniac.
I will pay back investors, That's a promise, however the timeline is yet to be determined as to how long this could take.
Please, If anyone has any leads on work either web/graphics based or labour jobs please let me know.
Working this off and paying back investors is the only way I can maintain any sort of integrity after this whole ordeal.

Sorry I made terrible decisions with money that I should have not been moving around / gambling as I did.
Repayments will come, I first need to stabilize my life and be able to take care of myself before i can start rebuying the lost investor BTC.

Thank you for understanding this,

Kyle.T

This person's real name is Mauro Viseu:

https://www.facebook.com/mauro.viseu?fref=ts

He's a scammer. Find him on Skype at moevizzy. He's taken money from several people.

You've been warned.

 :o

So he's not canadian? Or named kyle?

how is this paying out so far? good or bad?

if good...

did you use counterparty to release the shares? i might consider buying some

if you followed this thread instead of just spamming well you didnt use counterparty
you would know that this CO is dead....

thanks for the update, see i didnt need to waste time reading, when someone will do the work for me

duh........

Nice strategy: never do your own reading, trust other peoples' opinions. Only idle ones have time to do the research, right?

yup that is exactly what i do, then i put it into a big data cruncher, and i do something else with it but i'm not going to reveal my secret sauce  ::)

I followed this for a while after the fact. Klye was a staple at PRCdice. Funny guy. A bit of a gambling problem, I guess..

He went on to great dick tree fame: https://bitcointalk.org/index.php?topic=777829.0

Yes gambling problem- he consistently loses at blackjack. Also a scamming problem. He bilks investors out of money. His name is Mauro Viseu and lives in Cali, Colombia. You can read about his scams on ripoffreport.com and other sites. Just google: Mauro Viseu SCAMS and you can read several accounts from innocent victims world-wide. Also beware of Diana Carolina Holgin, they have a child together and he uses her information to receive funds since she is a colombian citizen and he is not. He is from Canada and Portugal, has dual-citizenship, and has family in both Canada and Portugal. You've been warned. Stay away from Mauro Viseu and any of his investment schemes. He WILL steal your money. 

 

Doesn't everyone consistently lose at Blackjack ???

Definitely counting cards.  Definitely.

Yes gambling problem- he consistently loses at blackjack. Also a scamming problem. He bilks investors out of money. His name is Mauro Viseu and lives in Cali, Colombia. You can read about his scams on ripoffreport.com and other sites. Just google: Mauro Viseu SCAMS and you can read several accounts from innocent victims world-wide. Also beware of Diana Carolina Holgin, they have a child together and he uses her information to receive funds since she is a colombian citizen and he is not. He is from Canada and Portugal, has dual-citizenship, and has family in both Canada and Portugal. You've been warned. Stay away from Mauro Viseu and any of his investment schemes. He WILL steal your money. 

 
[/quote]

Doesn't everyone consistently lose at Blackjack ???
[/quote]

Yes most ppl lose at blackjack. But Mauro Viseu is a thief and a scammer so he probably lost a lot on blackjack and pocketed the rest. Check out ripoffreport - just search for Mauro Viseu and you'll get the idea. He's taken significant amounts of money (and now bit coin!) from several people. If you're an investor (victim) i urge you to please add your account/experience to help protect others. Thx.

[/quote]

So he's not canadian? Or named kyle?
[/quote]

He has canadian and portugese citizenship but lives in Cali, Colombia. No his name is not Kyle - It's Mauro Viseu.

Other names he uses: Kyle, Mr. Kyle, Klyemax Studios, JGaspar, Jason Gaspar, Kyle Atwell, and others.

MAURO VISEU IS A SCAMMER. Do NOT trust him or send him money or bit coins, EVER!

You've been warned. He has defrauded many people from all over the world.

I appreciate that you reach out to the community with concern. I'm sure this Mauro Viseu character you are talking about is a crook, mr. Kyle's public profile isn't much sweeter, but you have been posting the same notice, copy paste even, all over the place.
It's not enough to simply accuse. What proof do you have? How did you make the connection?
Spamming the same unsubstantiated accusations all over does not make it so.
And by the way, FUCK YOU for making me defend mr.kyle. 😡
I'm not even invested in this wreck

I have tons of proof. From emails from his victims, to links to his other posts about various investment schemes, to personal contact with Mauro Viseu and his associates in Colombia, and a police report that I, myself, filed. He's been running this 'adult webcam studio investment' scam for years. Before it was for cash payments. This time he used bit coin. I am 100% correct in identifying this crook. I can try to find a way to post proof without (further) exposing his victims. You're right - I'm spamming every post he's associated with to try to protect others. I copy/paste to save time because the message I'm sending is always the same. And in this thread alone, one poster wrote that he doesn't take the time to read the whole thread. So as I see it, the best I can do is to post the information about him as much as possible in hopes that as many people as possible will see it and avoid losing money. No one is making you defend Mr. Kyle - FUCK YOU for trying. He's not a wreck, as you suggested and perhaps believe. He's a crook, that you're defending. WTG.     

Well I was being sarcastic. I have no love for mr. Kyle, I do believe in legit complaints, not baseless accusations. I would suggest you at least inform you have proof in you warning posts, maybe agree to share this info under terms you can live with. I was reacting because I saw a few of your posts and thought they looked like a smear. If something's fishy you got to be impeccable in your actions against it. I suppose that's the point of not releasing much info...also, when googling "Mauro viseu scams" all the results were the same ripoff report link which looks weird.
The " fuck you for making me ..." Thing was a joke. I apologize for kidding above your abilities.

No good going and swearing at people with a valid point. On the Internet you may well be Mr Klye on a fake account trolling.

You could be him trying to distract potential prosecutors from discovering his real ID.

Need hard evidence here or it is baseless as the other user said.

I agree. I should have mentioned in the posts that i have proof. Just didn't think of it.. didn't think i'd have to defend a genuine concern for others. But this is the internet, and i do see your point. And i do totally agree to share the proof with absolutely anyone interested in seeing it. But I'll warn you - it's very saddening. There are many innocent victims, and none have come forward publicly which is why I'm urging other victims to add their accounts/experiences online. But it seems shame is tough to overcome and so silence prevails.

Regarding - "If something is fishy you must be impeccable in your actions against it" well said, and I totally agree and see how i have not been.

Unfortunately, ripoffreport seems to block Colombia (where i am currently) so i haven't even seen the link - I'm just desperately trying to refer others somewhere to stop the fraud and victimization that has been, and continues to be, carried out for years now. I suppose I could try to learn proxy connections but tbh I'm not that savvy. When i'm outside Colombia I'll check the link, and add as much info as i can. For now, I can see the link in google, but the page won't load. 

I know you were joking with 'Fuck you for making me..' and my 'Fuck you..' reply was also tongue-in-cheek. But the point I was trying to make (unsuccessfully) was that given the two sides, why would you put me to test instead of Mr Kyle? I have absolutely nothing to gain from 'smearing' someone who 'lost' all investors funds. But ultimately, you're right- i needed to be more clear in my initial posts and offer proof right off the bat. 

Anyhow, I do very much appreciate your posts. Thanks for your contribution. Wishing you all the best.             

Agreed - he had a very valid point. Didn't mean to swear at him - was just trying to point out that (in this case) he's defending the wrong party. I thought my 'fuck you...' was a 'tit-for-tat' referencing his post, but in retrospect i wish i hadn't said that.

I understand that this is the internet, and an anonymous board, but i'm happy to share my identity and the proof i have. If any prosecutors are actually investigating this please contact me - I'd be more than happy to provide my identity (passport, birth certificate, drivers license, bills in my name, previously filed police report, etc etc) and share ALL the evidence i have. Nothing would make me happier than to see an end to this criminal behavior.     

Seriously, fuck off.
It's not necessary to dig up 3 threads worth of tangent.
We get it.  He scammed people.

Go obsess elsewhere.

Ok. I'm done. I thought i might be able to protect ppl but i guess it isn't working as planned. No more posts from me. Take care everybody.

Sorry - I could have said that a little nicer.
That was before coffee kicked in.
I think you got across what was necessary.
Thank you for trying to protect other people.
Thank you for knowing when it's time to stop.

Yes, I think we can all agree the user here is trying to help, and I don't think anyone here would be surprised if it turned out mr.kyle is nothing but a huge fraud, but bitcointalk is full of libertarians and fans of social justice. You need proof before you sling dirt.
However, your warning about scammer Mauro viseu has been noted! Thx 🙈🙉🙊

I've actually been following these kylemax threads just to be entertained by the drama! My guess was that mr.kyle has been priming you all for his grand exit. He's already dropped several hints about suicide, I have been expecting him to go offline and let the rest of you think the worst and never fear having to pay anyone back.
Still, seems like a lot of Rigmarole to go through when he could just leggit but hey, these guys like to think of themselves as "artistes"

Can someone give a summary ?
last time I was here Kyle gambled the investors money.. that was like ummm 9 months ago ??
He  was "going to repay" seems like something exciting has happend since ??

He gambled away the investor funds instead of using it to improve his business. His "talent" subsequently left him.

Kyle is now jacking off on cam for an audience of gay old men in order to feed his losing gambling addiction.

Hes repaid like a couple hundred $ of it so far I believe. I think there was another thread he made for repayment progress but I think that thread has been pushed into the utter abyss of the old threads of the forum. Last I saw or heard of him, he was on Just-Dice about a week or so ago, he probably has been there again frequently since his old buds are on there all the time from what I gathered.

If KYLE owes you money then you need to post a signed message with the address you want the funds to returned to. 

This is how I understand it anyways.

Well, after he posted his screed on how bad he fucked up and how bad he felt about it, he allegedly was going to get a job and start paying back. He made one initial payment to the lot and then vanished, never to return again like in Usual Suspects. This case is closed for good.

He's in JD troll box right now. I'm sure if you come and sign a message from your loan repayment address he would work out a payment plan for you.

lol good luck

>gambles away IPO funds
>in JD troll box right now

What can possibly go wrong?

Far From it Chef!

Infact after a period of inactivity and despair I've returned and will continue with my repayment efforts.
It's been over a year since the KLYEMAX blunder and I have all intentions to fully repay investors in full.
Both my honour and name have been severely maligned by this and I will not be able to be truly at peace until this matter has been resolved.

Currently I am working on a number of side project in order to return funds to investors in KLYEMAX.
One of these projects is the KLYEMAX T-Shirt Fundraiser (https://bitcointalk.org/index.php?topic=1142879) which I recently started, Every little bit helps.

Just start banging ladies on cam and grab your usual stake from it which will pay it off easily. I'm glad you're looking to be entreprenerial once again. Happy camping.

Extremely pleased to announce that KLYEMAX is currently under development and in working alpha.

The plan is to hopefully have the site polished and fully tested for a January 1st, 2016 official launch date.
Currently deposits, cams, accounts, ID verification, tipping, pay per minute private shows and broadcaster withdrawals are all online.
All basic functions of the site are there but a fair amount of work still needs to be done before new years to make it run 100% smooth.
The site runs off of strictly BTC for private shows and tips tips broadcasters, and also allows CLAM deposits in exchange for on-site BTC.
Broadcasters are permitted to stream basically whatever they choose (porn, gaming streams, paid tutoring, etc etc) within confines of legality.
KLYEMAX will never accept fiat, credit card, paypal or any other non-crypto currency. It will launch and remain as a "Crypto Webcam Exchange".

Any shareholders or potential broadcasters are welcome to get a hold of me via PM on here if they would like a sneak peak of the site alpha.

With all that being said, Investors will be given a choice as to what they would like to with their shares:

1. Allow me to refund shares at original BTC selling price as funds become available through the site, dividends withheld.
2. Hold onto their shares and receive weekly dividends from January 1st, 2016 onward, maintaining their % of shares held.

Shareholders will have to pick between these 2 options and PM me their selection.
Please include a signed message from your BTC address on the document below:

KLYEMAX Shareholders Ledger Sheet (https://docs.google.com/spreadsheets/d/1uNPYb9UxEIdkjqs7SmAUu6K4lDW7sHoWoDAS2zzcZAo)

Any shareholder that cannot produce a signed message with their dividend address and choice of refund or dividends before the 1st of January, 2016  will have their shares frozen temporarily until they have confirmed what their selection is, neither refunds nor dividends will be processed during this time. Any shareholder that chooses to hold his shares will be asked not to sell or trade them until April 1st, 2016.



On a side note there are currently 27118 shares @ 0.0001 with a face value of 2.7118 BTC currently available for anyone interested in investing into the site.
That is a little over 10% of the total shares sold available. Dividends start from January 1st 2016 onward and will be paid every Sunday.



I know this project got off to a terrible start, But I've never stopped wanting this site, And now it's finally becoming a reality.
This is only version one of KLYEMAX, I will be actively developing it as time goes on and constantly trying to improve it.
Countless hours of sleep have been lost over the loss of the original IPO funds, But this is a step towards setting up the promised turnkey for investors.

Thank you for taking the time to read this, Even though this is a self moderated post I'm refraining from removing anything.


-KLYE

Good luck Klye! Hope it goes great!

So far as of yet I've had one response from any of the shareholdersshareholders. Please get a PM sent off to me ASAP.

bump for visibility. 1 sharholder so far replied.. But wasn't clear on if he wanted to hold or refund.

1200 Shares have been purchased for .12 BTC. The person purchasing these shares wishes to remain anonymous at this time.
This brings the total available shares to 25918 @ .0001 BTC. Dividends will start being calculated Jan 1st,2016, with weekly Sunday payouts.

Still busy working on the site, lots to do.
Any current shareholders please get ahold of me here via PM or join me on #klyemax on freenode

Another 2000 shares have been bought.

23918 shares are still available.

Anything you can show that this is anything real or ?

I'll PM you with a link to the online alpha. Still needs a fair amount of polishing but the skeleton of the site is done.

Gotta say, seeing you elsewhere made me wonder if you'd ever do right by your investors. This is a huge step in the right direction. Once it's live I may partake in investing as well.

I am reluctant to admit it, but after taking a look at your spreadsheet I must say that I am somewhat impressed with how much you have been able to repay (though you still have a way to go).

That being said, in my opinion it is improper for you to being re-selling your reclaimed ~25,000 shares while the entirety of your debt is still unpaid and doing so before you've proved to the community at large that you do in fact have a finished (or nearly finished) product (e.g. functional website) along with any indications of a confirmed userbase (i.e. cam models).

Nevertheless, I wish you the best in this endeavor and I very much would like to see you succeed and be profitble. Provided that you get the above mentioned isues addressed eventually, I myself would even consider investing.

I find it risky, to say the least, but I do have respect for the fact that he's done a LOT more than most others would in his shoes.

It's definitely refreshing to see someone with a wronggoing IPO trying to solve things the way he tries to do it. Most others would have left bitcoin and when they would come back use a new username.

So i think it's a nice thing to see. :)

KLYE, it looks like 30k shares total were for sale? If so, how much equity does that make total? Or rather, how much are you personally holding?

Hey guys, Sorry for the lack of update in the past week or so, Been busy with another clients project and wasn't able to put in as much work into the site as I would have liked over the holiday period. Nearly wrapped up their project so I'm now going to focus once again on getting the site running.

Currently looking into the complete overhaul of the alpha site, Originally we'd used a Flash based browser client for both broadcasters and viewers but in light of the recent Flash player security vulnerabilities as well as its cross platform compatibility issues the plan is to scrap the existing software used to serve streaming video and build a HTML5 client. However, this does add extra time to the development process and my January 1st, 2016 launch date was extremely optimistic and didn't take into account time for writing a new client nor taking on another project. That being said I'm going to publicly state now that I'm likely to push the launch date back sometime into the first 1/4 of 2016. I apologize for this but it's a necessary evil.  

A great amount still needs to be done on the site before it goes live, and I do not want to push an unfinished and un-tested product onto the market.




250,000 Shares were originally created representing 15% of the company. The price on these shares is 0.0001 BTC and that brought the original IPO total to 25 BTC when it was fully sold. However after I made it public I had mis-used the funds I began refunding the shares as I could afford to.
I ended up refunding a wee bit over 10% of the shares before I was able to start developing the site myself. The way the breakdown works for the site profits to shareholders: 70% of all tips and private show payments goes to broadcasters, 15% is split among the shareholders, 15% goes to klyemax to pay for servers. Anything left over from the 15% after the server and bandwidth fees are paid is my profit. Investors 15% is split up according to % of the shares owned.




I respect your opinion on the matter and appreciate the kind words.

The main reason behind the re-sale of the refunded shares is to seed the company again. I had bought back the shares out of own pocket to allow investors refund if they so desired. In all honesty I feel terrible of how the initial IPO funds were handled as I never had any intentions of screwing people. Having succumbed to gambling addiction and publicly humiliating myself with the company had put a serious negative spin on my life for a while there, But given enough time to recover my ambition I've chosen to take this as an opportunity to make good on my promises.

I did have a working alpha online that a few folks were able to use, But currently the alpha online is being re-coded. I'll hopefully be able to have an open beta in the next month or two. I'm very eager to get the site going and at the very latest March or April 2016 would be the full public launch.





I have an image to upkeep as a terrible degenerate individual, So often times when you see me in a chat harassing people its not because I'm actually a terrible person like I portray myself at times, But rather that is what people have grown to expect from me and when I'm civilized people ask if something is wrong.

I was extremely lucky to have investors that were willing to forgive me for my actions and give me time to develop a site rather than have me thrown in the stockades. If all goes well investors may very well get ROI+ on their investments this year. I know I'm excited to get the site running in the near future.

KLYEMAX UPDATE

Small quick little update on the site's development. So far getting alot done.
Excited we will be taking the alpha public shortly, although the final site will likely take more time.
Currently working on the payment gateways for the site. Hoping to have it online before I sleep.

So far over 105 Altcoins and Crypto Currencies are going to be accepted as deposits for onsite BTC.

Pay with various Altcoins! Full List of accepted Coins:

- ARCHCoin (ARCH) - ArtByte (ABY) - AudioCoin (ADC)
- BitBay (BAY)      - Bitcoin (BTC)      - BitcoinDark (BTCD)
- BitcoinPlus (XBC)      - Bitmark (BTM)      - BitShares (BTS)
- BitStar (BITS)      - BitSwift (SWIFT)      - BlackCoin (BLK)
- BlockNet (BLOCK) - Boolberry (BBR) - Burst (BURST)
- Bytecent (BYC) - Bytecoin (BCN) - CandleCoin (CANDLE)
- CannabisCoin (CANN) - CarbonCoin (Carbon)
- Clams (CLAM)      -CloakCoin (Cloak)      - Coin2.0 (C2)
- CoinoIndex (INDEX)      - Counterparty (XCP
- CryptoCircuits (CIRC) - Dash (DASH) - DigiByte (DGB)
- DigitalCoin (DGC) - DNotes (NOTE) - DogeCoin (DOGE)
- DogecoinDark (DOGED) - DogeParty (XDP) - DopeCoin (DOPE)
- eGulden (EFL) - Einsteinium (EMC2) - EnergyCoin (ENRG)
- Etherium (ETH) - EuropeCoin (ERC) - ExclusiveCoin (EXCL)
- FeatherCoin (FTC) - FibreCoin (FIBRE) - Florincoin (FLO)
- FlutterCoin (FLT) - FoldingCoin (FLDC) - FrankoCoin (FRK)
- GAIACoin (GAIA) - GameCredits (GMC) - GeoCoin (GEO)
- GetGemz (GEMZ) - GlobalBoost (BSTY) - GridCoin (GRC)
- GuldenCoin (NLG) - GunCoin (GUN) - HTML5Coin (HTML)
- JoinCoin (J) - Litecoin (LTC) - LTBCoin (LTBC) - Magi (XMG)
- MaidSafe (MAID) - MarsCoin (MRS) - MayJaneCoin (MARYJ)
- MaxCoin (MAX) - MetalMusic (MTLMC) - MonaCoin (MONA)
- Monero (XMR) - MyriadCoin (MYR) - NameCoin (NMC)
- Neutron (NTRN) - NobleCoin (NOBL) - NuBits (NBT)
- NuShares (NSR) - NXT (NXT) - OKCash (OK)
- OrbitCoin (ORB) - PandaCoin (PND) - PayCoin (XPY)
- PeerCoin (PPC) - PotCoin (POT) - PrimeCoin (XPM)
- Qibuck (QBK) - Qora (QORA) - QuarkCoin (QRK)
-ReddCoin (RDD) - Ripple (XRP) - ROSCoin (ROS)
- RubyCoin (RBY) - SativaCoin (STV) - ShadowCash (SDC)
- SiaCoin (SC) - SolarCoin (SLR) - Sphere (SPHR)
- StartCoin (START) - Steps (STEPS) - Storjcoinx (SJCX)
-Supernet (UNITY) - Swarm (SWARM) - SyncCoin (SYNC)
- SysCoin (SYS) - Titcoin (TIT) - Unobtainium (UNO)
-UROCoin (URO) - VanillaCoin (VNL) - VeriCoin (VRC)
- VertCoin (VTC) - XCurrency (XC) - ZeitCoin (ZEIT)



Still looking into the new HTML5 video client.
For the time being the alpha is running the old software.
Hopefully get the new software done in the next month or so.
Working on getting deposits working now. Hopefully in the next day or so.

This is a huge step forward for the site and we're hoping to release the full site at latest March 2016.
You can check out the working alpha @ http://klyemax.com (site still not ready for public launch)

Shares are currently still available and can be purchased on-site with any of the Altcoins listed above.
Dividends will be paid out when the site fully launched. Our best estimate is before March 2016.

To any current shareholders that haven't gotten ahold of me in regards to their shares please get ahold of me via PM.


Cheers,

Kyle.T

Working on getting a CounterParty (XCP) made up for KLYEMAX.

In the near future all shares will be distributed via XCP system.
Dividends will also be paid via BTC to shareholders on site launch.

Still a ton of work to do on the site and this project before it is ready..
However, KLYEMAX Alpha is online and will be actively developed.

I urge all shareholders to get ahold of me via PM in regards to their shares.

632 Shares were bought by two parties and the spreadsheet has been updated. I will be cleaning it up shortly to display data better.

For those that are observing or shareholding, is talent being recruited and are there varying scripts being developed for the shows when they come online? Or, is this just a "get it on" kind of thing? Are you going to film in-person (or cam) and/or is there any genres that you plan on forecasting cause of the potential profit..? In the former cam days, what worked best to push profits in general? Since this is making another go of things, these ?s are likely what many folks are thinking if they are in-tuned.

Also, what are the avenues to attract talent in general and build upon the initial relaunch?

Hey Chef, Thank you for the questions.

Currently I'm wrapped up on the development and design of the site. Active recruiting will be done when the site gets closer to launch.
Right now the Flash client used for streaming seems to have some connectivity issues and I am looking to replace it with a custom built HTML5 client.
Security wise Flash isn't the best thing either, and moving to a custom built client will help with future planned features on the site.

This is indeed sort of a self administered crusade to develop the site myself and do my investors well.
I have much honour to regain and ROI+ to earn my investors. It's the right thing to do, my apologies for taking so long to get to this point.

Attracting talent shouldn't be an issue, the performer pay rates offered to all users are significantly higher than our competitors.
Between the versatility of over 100 different cryptos accepted on site, the higher than average pay rates and future planned features I think KLYEMAX may very well raise from the metaphorical ashes and go on to be a very successful venture.

KLYEMAX has been created as an asset on Counterparty (XCP) in order to aid with the paying of future dividends.
You can find the assets original address HERE (http://blockscan.com/address/1HLz1yHFyiQwKFXhRCLgBtCBpYQFPVXVKL). All future dividends will be paid from this address to all holders of KLYEMAX.

Those of you unfamiliar with CounterParty please check out http://counterparty.io/ to learn more.

A total of 250,000 Shares were created and will be distributed to shareholders who verify their addresses.
Around 90.5% of shares are currently held with a remaining 23286 shares still available for purchase.
At this time I ask even if you have verified your dividend address in the past please get ahold of me via PM.
This will greatly speed up the work of distributing the shares to the rightful shareholders as well as get you ready for dividends.

When the site launches weekly profits will be split up and sent in BTC form to the dividend addresses.
The aim is to have the site fully running by March 2016, Although a launch before then may be possible.


Given permission of the largest shareholder a listing of 5000-10000 of the shares may be listed on DEx (CounterParty Exchange)
This will allow users to trade shares easily on their decentralized KLYEMAX/XCP exchange. Initial price 0.0001 BTC (or XCP value worth)


The site is currently up and running in alpha at http://KLYEMAX.COM/ - Still very much under construction.


Anyone with questions feel free to contact me on here or via PM.

Bump for visibility. Urging all current KLYEMAX shareholders to PM me to expedite the share migration process to CounterParty.

23286 shares still available for purchase. You can find a link on the bottom of our website http://KLYEMAX.COM to purchase share.

More shares have been purchased by users and they have been sent the corresponding KLYEMAX asset to their dividend address.
A total of 20133 shares are still available. On a side note I ask all current shareholders to get ahold of me to expedite the share migration.

Nice concept overall. But how can you guarantee that you will not gamble with investor's income this time again? I know every hardcore gamblers have a tendency to gamble away every penny he receives because their hand keeps scratching as soon as money comes wandering in their wallets, just like alcohol intoxication effect!

I am planning to invest to your IPO but you need to give me a valid reason to the above question and a possible outcome if I get scammed after this. Remember I do not want to chase you down coming all the way from India spending another $1000 only for suing you, so by convincing me that your dox will be revealed is not a valid option for me.

I've sworn of -EV gambling with the odd exception of faucet gambling on the odd site here or there for entertainment.
Looking back on it all now I can see I threw away an amazing chance, but also created myself a future goal as a side effect.

The original share issue and subsequent loss of funds due to my lack of control over addiction haunts me, and I will not make the same mistake again.

It's already been made public who I am. I'm not sure many in my shoes would have fessed up and went on to attempt to mend the situation.

I appreciate your interest in the KLYEMAX project.




On a development sidenote I'm currently rebuilding the altcoin list of the site, in order to get lower fees for users.
Hopefully I will have the 100+ coins integrated into the site within the next 24 hours. I need some sleep.

I've integrated another payment gateway into klyemax.com and we now offer 120+ Crypto Currencies to be deposited for onsite BTC.
This is a huge step for the site and makes our competition look like amateurs allowing so few coins to be deposited.

Shares are still available with 13603 still unspoken for. Migration of the KLYEMAX share asset on counterparty platform is slow but steady.
You can check the progress of the asset distribution here: https://blockscan.com/assetinfo/KLYEMAX

I urge all current shareholders that have not migrated to the new KLYEMAX asset on XCP platform to get ahold of me ASAP.
You will be required to sign the BTC address you originally used for dividends on the KLYEMAX Sharholders Ledger (https://docs.google.com/spreadsheets/d/1uNPYb9UxEIdkjqs7SmAUu6K4lDW7sHoWoDAS2zzcZAo)

We will begin testing out the dividend payment system via counterparty platform starting this Sunday.

The open alpha can be seen at http://www.klyemax.com

Please keep in mind the site is under heavy development, If you find a bug please get ahold of me via PM or on the site's social pages.



Cheers,

Kyle.T

Another bump for visibility to current shareholders that haven't migrated from the original shares to the new counterparty KLYEMAX share assets.

On sunday we will begin testing the dividend payment system and all shareholders will receive 1 satoshi per a share.
If successful we will continue with the weekly dividends throughout the alpha and testing phase of the site with dividends likely to grow at full launch.

Only 11356 remain for sale at this moment.

What is the plan?
you investors going to get paid, somehow ? or you guys just have to write off the loss ?  :-\

I'm going to be sending out the first dividends on the new shareholding system in 3-7 hours or so.
I was hoping to have more of the shareholders migrated over but replies have been slow.

A counterparty wallet is not needed for KLYEMAX shares unless you plan to trade them later on with the XCP decentralized market.

Currently working on a contact page on site as well as a brief explanation as to what BTC is and how to sell it for newcomers to BTC.

This is the last chance before the first dividends are sent to shareholders to get your original issue KLYEMAX shares converted to the recently created counterparty asset. I apologize for the delay but would prefer the majority shareholder to be migrated before the dividends go out.
You will still be able to migrate your original issue shares into the counterparty asset later on, and must do so before your dividends will be sent.


On a side note, KLYEMAX is looking for a capable developer to help us start writing the new HTML5 streaming client.
A proven past work history in the field of streaming video over http / HSL is a must and we will be integrating into the current balance system.
If you believe you are the right man (or woman) for the job feel free to PM me your resume and portfolio, And we will go on from there.

First testing dividends on the now counterparty platform have been issued to shareholders that migrated over to the new asset.
Next dividends will be paid January 17th,2016. Our aim this week is to find a streaming video developer and complete share migration.

It is suggested that anyone that is holding the original shares that hasn't migrated to the new asset get ahold of me before next sunday to receive dividend.

Goal tonight is to get the contact page up and running as well as get the FAQ started as well.

Alright, Dividends were sent out but we've found a minor bug with the counterparty client.

TXID: https://blockchain.info/tx/62a97925b7a46a8588a1328e46fc8a4fc50d89556f0ad57a3e31cf1c6709565b

It seems the minimum amount that can be sent to a dividend addresses in BTC through the counterparty client must be over dust limit, And given this last test was a 1 satoshi per a share payout (a test where the site hypothetically only had $7 worth of deposits/tips that week) many shareholders dividend payments were not over the dust limit, Thus not getting payout. You can see the top 2 shareholders were paid out. I will write down what all non-paid shareholders would have earned had of counterparty sent to them and find a way to deliver the dividend payments.

With this test being done, and given the findings, I ask shareholders both large and small to consider allowing dividends every other week or on a monthly basis in order to get around this found limit within the couterparty client. Of course once site userbase and net profits pick up we could resume weekly payouts as even small shareholders would break the dust limit imposed by the BTC network.

Please feel free to weigh in below.

Good stuff coming ahead I presume.. Huh Klye?

Doubt it.

He hasn't even contributed a penny of his steem earnings to his victims investors (I don't believe).

Klye's moved on to bigger, better things. (https://steemit.com/crypto/@klye/how-i-burnt-my-ass-for-bitcoin-seriously)

Hail everyone. I'd like to apologize for the lack of communication in regards to the state of the KLYEMAX project.

I've not abandoned the project, nor have I forgotten my debts to the shareholders whom originally funded the project.

The past year the site GUI has been built and functionality on the site has been brought to a workable level. It's still not finalized though.
However, do to massive security issues in Flash (used for video client) and browser cross compatibility flaws I've not been able to formally launch the site. Without 100% mobile and all browser support the site simply will not have a chance against better established sites already in existence.

Despite my lack of communications progress on the site has continued. Originally the site was built with PHP on-top of the WP framework and while this works fine for now a new, node.js version of the site will be developed as well in order to maximize scalability of the project as well as move away from the antiquated PHP framework the site currently runs on. A year ago I wasn't able or in possession of the knowledge to build a system like this myself to the level where KLYEMAX needed to be. However this past year has seen tremendous advances in my coding abilities and I'm confident that future version of the site will be far superior to what is offered now.

With all of this being said I'm looking for a mentor to help me design, develop and implement a new custom HTML5 video streaming client capable of VR streaming. I've collected a number of different github pertaining to the build it's just a matter of having someone with more experience in designing these systems come in and point me in the right direction so I can get everything done and the site ready for a full launch.


On a side note weekly share buy-backs will be available at the beginning of next week. While I'm not in a financial situation at the moment to outright purchase all KLYEMAX shares held by shareholders I pledge to refund at the very least 0.025 BTC worth of shares weekly at face value to whichever shareholders would like refunds, Starting with the lowest outstanding amount, then alternating to the highest amount, then back to lowest, then highest etc etc. I believe this is a fair way to do it and will hopefully debunk any rumor of favoritism in refunds.

With all this being said I'm looking forward to getting the site where it needs to be to gain a competitive edge against current camming platforms. When I've got a little more time to hash out details I'd also like to try and implement a multi-sig cold wallet address with my top shareholders as well, not only to alleviate fears of myself having a repeat of the absolute inexcusable degeneration of the original IPO funds but also as a way to get my top shareholders more involved with the project as we begin to see a light at the end of a long and rough tunnel.



Thanks for taking the time to read this. I'll post more info on site development progression as well as the weekly share buybacks in the next few days.

well actually that's entirely untrue bb.. Although I highly appreciate you having my back and whatnot up there (not, you dickhead) :D

I paid .2 BTC a month (and a half?) ago to my majority shareholder.. You're supposed to be my PR guy damnit not f##king FUD'ing me because I'm busy trying to earn BTC to get things on the upswing by the end of this year.

Fired. bb. bad bb. Shittiest PR girl I ever hired. ;)

*clears throat*

Sorry about that...

Now that I've fired my incompetent intern PR girl I guess I've got to handle this myself..

Today I'll be starting the weekly 0.025 minimum refund a week. I managed to make a small amount of extra money on the side blogging so to kick things off on the right foot I've got 0.05 BTC available to refund this week.


Link to the KLYEMAX shareholder spreadsheet:
https://docs.google.com/spreadsheets/d/1uNPYb9UxEIdkjqs7SmAUu6K4lDW7sHoWoDAS2zzcZAo/edit#gid=0

- You MUST be present and have your dividend address verified in order to be eligible for a refund. (No address switching currently allowed)
- You MUST be willing to return any amount of KLYEMAX XCP token bought back at the time of your refund. (This is mandatory, This is a buyback)
- You MUST if not already taken the time to verify your dividend address do so by signing it. (This is to combat mongols attempting to scam refunds)

With all that being said if you're eligible for a refund and pass all criteria outlined above please feel free to comment below or PM me
(Commenting below prefered, A public record helps everyone keep track of things)

Another 0.025 BTC is available for share buyback to anyone meeting the criteria listed in the post above.

If no shareholder steps forward to claim the available share buyback funds they will be sent to primary shareholder.

https://blockchain.info/tx/fb2dbcc08a899a90eebd2febc44d2b3d1bae7ffaaccea57fa15085086526fef7

Sent to primary shareholder.

https://blockchain.info/tx/ab486991a1e8330db6d2574151a6933d019ea36be4345059dca9d37a13039ef0

Sent to primary Shareholder

klyemax.com will be down for a day or two while it moves hosts and gets set up on a better web server.

Stay tuned.