This looks interesting, is there any translation bounties available? I can do the spanish one.
Thanks.
I will update you once we have the bounty anno. |
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What are the plans for using the 30% of all funds raised and retained by Mass staff? Can you elaborate how this will be spent? I assume this isn't just being reserved for individuals within the company.
Of course, it is not just a distribution among the team memebrs. The plan is very sophisticated. Soon we will publish the detailed statement about that in the "Updates" section of the site about this. http://blog.mass.networkThanks. I might/probably will invest once I can see a breakdown of this 30%. Do you have an ETA for this update? should be able to finish it over the weekend. Look forward to reading it. Please be updated: http://blog.mass.network/mass-network-economic-model/ |
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What are the plans for using the 30% of all funds raised and retained by Mass staff? Can you elaborate how this will be spent? I assume this isn't just being reserved for individuals within the company.
Of course, it is not just a distribution among the team memebrs. The plan is very sophisticated. Soon we will publish the detailed statement about that in the "Updates" section of the site about this. http://blog.mass.networkThanks. I might/probably will invest once I can see a breakdown of this 30%. Do you have an ETA for this update? should be able to finish it over the weekend. |
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What are the plans for using the 30% of all funds raised and retained by Mass staff? Can you elaborate how this will be spent? I assume this isn't just being reserved for individuals within the company.
Of course, it is not just a distribution among the team memebrs. The plan is very sophisticated. Soon we will publish the detailed statement about that in the "Updates" section of the site about this. http://blog.mass.network |
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No Bounty, No Party  We will launch the program very soon. waiting, but where exchange? SS, most probably. Also working on that. SS means ? shapeshift |
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No Bounty, No Party We will launch the program very soon. waiting, but where exchange? SS, most probably. Also working on that. |
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so are you using a new blockchain ? a new coin ?
or a new coin on Bitcoin blockchain ?
new coin on Bitcoin blockchain |
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No Bounty, No Party We will launch the program very soon. |
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Each participant of Mass ICO will receive [1,000,000,000,000 × ( total amount of all deposits made to one individual account ÷ total amount
of deposits made by all ICO participants) × 0.7] Mass coins;
Mass will reserve [1,000,000,000,000 × 0.3]coins altogether for its internal use.
Can you give a example ? Thank you...
Example: You deposited 10BTC. Other people deposited 3,990BTC. Altogether 4,000BTC. Your share is 0.0025. Mass takes 0.3 x 1Trillion mass coins. 0.7 T coins or 700 Billion coins are to be distributed. 700 B x 0.0025 = 1.75 Billion coins go to you. ___ PS Ordinary payment is the system could be 1/1,000 of a dollar so, in normal nominal values, 1.75 Billion Mass coins is around 2 Million tokens of a regular USD size. Of course, we have no idea what the actual rate could be. This is just to give you an explanation that we need a trillion because of the indivisibility of 1 coin. |
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So the product you are creating has nothing to do with a blockchain? so basically this is a way to raise funds for an application, similar to seed fund/venture capital by creating a coin, but the investors who no stake in it? The application where the user get remunerated by advertisements is not tied to this coin or use of the blockchain?
So if the application is not successful, the value of the coin plummets to zero.
Most products from Ethereum to others all have and had a community involvement, but the legalese says no by the Mass Network OP.
***So if the application is not successful, the value of the coin plummets to zero.*** True for every application not only Mass. ____ ***Most products from Ethereum to others all have and had a community involvement*** Community involvement is a great thing but ON TOP of an application that most people need. Virtually everybody is involved with online ads industry. Getting back to Ethereum, few people on this planet understand what smart contract is, even fewer people needed, and none want to actually use it. Otherwise, we would see the working apps all over. |
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These have nothing to do with us. MasS, not MasK. |
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So the product you are creating has nothing to do with a blockchain? so basically this is a way to raise funds for an application, similar to seed fund/venture capital by creating a coin, but the investors who no stake in it? The application where the user get remunerated by advertisements is not tied to this coin or use of the blockchain?
So if the application is not successful, the value of the coin plummets to zero.
Most products from Ethereum to others all have and had a community involvement, but the legalese says no by the Mass Network OP.
Mass uses the only safe blockchain in the world—Bitcoin—for asset circulation. Mass attracts fiat money and attention to blockchain technology in general and Bitcoin in particular. Mass does NOT offer yet another useless clone of a useless blockchain. Mass solves the actual problem the actual functioning industry has - the growth of ad-blocking. Mass operates in the industry that brought the biggest amount of money to internet. Ever. |
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It looks professional but that long list of fancy names looks too long and fancy. How do we know that those are actual people that are involved with the actual names, titles and that they are above board?
Actual people. Actual names. Actual help for the project. |
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◆ May 2017 Cricical mass reached
are you guys sure that " Cricical mass reached" is not a typo in the OP and as well as the whitepaper ? It's also amazing to see the thread is self-moderated. yeah, typo( You guys are being so precautions about the legal stuff, everywhere 'we are not responsible' ,'you get no share in company' etc... and cannot even proof read the white paper with more than 20 members in the team ? the image in the OP loll...If you think the value will increase thousands of times then why don't you people keep some coins for yourselves ? If you don't hold any coins for the team then what forces you guys to work for better network or price/value ? You already got the benefits or the money/btc. *** the image in the OP loll...If you think the value will increase thousands of times then why don't you people keep some coins for yourselves ?*** Any successful project grows in value orders of magnitude. Three-four orders are quite common. That doesn't free a project from a need to collect some funds for development. We surely keep some coins. None of the future estimations have any physical value, of course. Moreover, entire economics calculus is nonsense. However, this is the common ay to communicate and discuss the economics-related topic, by using figures. Makes little sense, but that how it is. Our language takes over 60% of extra symbols at least. So what, drop it? |
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◆ May 2017 Cricical mass reached
are you guys sure that " Cricical mass reached" is not a typo in the OP and as well as the whitepaper ? It's also amazing to see the thread is self-moderated. yeah, typo( You guys are being so precautions about the legal stuff, everywhere 'we are not responsible' ,'you get no share in company' etc... and cannot even proof read the white paper with more than 20 members in the team ? the image in the OP loll...If you think the value will increase thousands of times then why don't you people keep some coins for yourselves ? If you don't hold any coins for the team then what forces you guys to work for better network or price/value ? You already got the benefits or the money/btc. *** and cannot even proof read the white paper with more than 20 members in the team ?**** We have 11 team members working on the project, and only two of them were lucky enough to be born in a family where English was the first language. Both are busy developing, though. Will surely proofread the documents. Thank you for noticing. Isn't "proofread" a one word, by the way? *** If you don't hold any coins for the team *** We hold 30% and explicitly state that in the coins distribution formula. |
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◆ May 2017 Cricical mass reached
are you guys sure that " Cricical mass reached" is not a typo in the OP and as well as the whitepaper ? It's also amazing to see the thread is self-moderated. yeah, typo( You guys are being so precautions about the legal stuff, everywhere 'we are not responsible' ,'you get no share in company' etc... and cannot even proof read the white paper with more than 20 members in the team ? the image in the OP loll...If you think the value will increase thousands of times then why don't you people keep some coins for yourselves ? If you don't hold any coins for the team then what forces you guys to work for better network or price/value ? You already got the benefits or the money/btc. *** You guys are being so precautions about the legal stuff, everywhere 'we are not responsible' ,'you get no share in company' etc stuff... *** Should there be a workable btc/crypto regulation in place, we use it. So far, we all lack it. According to Jared Marx, who is an attorney at Washington, DC law firm Harris, Wiltshire & Grannis, "the development of this business practice in America has spawned yet another area of regulatory uncertainty in an industry where legal ambiguity is the norm: American federal securities regulation. While there are better and worse practices for making the case that a company’s particular token is not a security, predictability and a general resolution of this issue is unlikely in the near term. The reason for persistent uncertainty on this question is that unlike other areas of law where legal ambiguity stems primarily from the novelty of cryptocurrency, here more generic questions of law remain open to debate. First, the fundamental federal laws regulating securities were passed during the Great Depression, so not only did Congress write the relevant rules in a paper-and-pencil world, but Congress wrote them with the belief that broad government control of markets was necessary to avoid another disaster like the 1929 crash. The statute is, therefore, expansive rather than carefully tailored. Second – and this is what innovators looking for clarity should be understanding more deeply – United States courts have created a system for identifying whether something is a security that is impressionistic rather than rule-bound. This means that barring clarification from the SEC; it is very difficult to predict with certainty how a court would rule on cryptographic token sales." |
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Seems promising. Good team, Good idea. wish you gys the very best with the project.
But isn't 1 trillion coins a bit too much? How will face the competition against giants like facebook, google, etc. or what if someone starts a same project like Mass coin itself?
Thank you. The trillion is a nominal figure; it doesn't mean we're issues "too many". The reason to have that many is divisibility. 1 Mass coin is the minimum quant (like USD 10^-2 or BTC 10^-8). There can't be 1.2 Mass coins, for example. Just 1 or 2. Competition is always great. We do have competitors already. Anyway, it'd be funny to bother about it at this stage; like two splinters going down the Niagara River pushing each other as if there's a lack of space in the stream. |
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◆ May 2017 Cricical mass reached
are you guys sure that " Cricical mass reached" is not a typo in the OP and as well as the whitepaper ? It's also amazing to see the thread is self-moderated. yeah, typo( Thanks! |
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Could you please tell us about the browser and app you are planning to create. Are the Mass coins part of it? or is it something similar to Adblock or Brave browser?
Sorry for later answer, I will tell some more details about what we are going to do. First of all, we will extend http protocol so Mass users will tell important information about privacy rules to website. We expect, that other browsers like Brave or Cliqz will support our protocol extension. Then we will give some ways for websites to pay user or get payment, arrange paid ad show or something else. Draft version of protocol extensions will be available in 1 week. What about our products. We are going to be like Ubuntu in Debian World.  Our first product arranged for late December — browser extension for blocking ads, user data settings and test micropayment system. Any reason that we need to buy this? I mean any feature or function make your project unique? Like people buy eth ico for smart contract, maidsafe ico for decentralized network. Mass is a narrowly focused system. Its function is to provide the efficient marketplace for advertising industry participants—crucial to note—including web users. Web users are not only consumers any longer, but they are also SUPPLIERS of a major component, the data. Collectively, user data is more than the addition of individual packets; it's a classic case of "1+1=3" because Big Data growth must be fed with interconnections, graph layer information. Thus, consumers en masse represent the important system actor. Your project looks very professional, I can't get it, what is narrowly focused system? So you mass network will be focus on advertising industry right? Yes, "Mass is narrowly focused" means "we are doing just one thing, digital ads. Everybody understand what is it that we're doing". This expression is the reaction to you mentioning eth and maidsafe. Not sure about the latter but those two seem to be "widely unfocused projects". For example; it is still not yet clear what is Ethereum for. There is no live ETH project that would answer any practical everyday need yet. Smart contracts? What is it, exactly? A contract means a legally binding agreement between people. How can someone's personal will or obligation be placed on a distributed ledger? Not clear. Mass, in contrast, focuses on the very clear, transparent, and understandable need: to fix the advertising business which is obviously ill — just look at adblocking usage stats. |
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