When I first read the game Turtlecoin I thought you are some turtle lover who wants to pretend that he is planning on saving turtles around the globe. People are freaking out here doing all kinds of things with crypto...  Why the name Turtlecoin? |
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With those economic fundamentals there isn't much incentive to hold in the short-term. You'd be better off selling in the beginning and rebuying from those who sell after you. The POS rates are massive. |
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Does anyone who wants to make use of your platform have to undergo procedures like KYC or AML?
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@tiCeR Yes, you are right about the patent process, However Our legal team has filed UK patent National application & international application with EUIPO on January 2018 and same time our legal team have submitted PDAS with WIPO for first priority claim. As per PDAS first filing priority claim is in favor of Dafzo against any other inventor from PCT countries. We have submitted fast track examination with applicable jurisdiction and expected to receive patent within 18 months to 24 months time-frame. @Nischal Arvind S Our Legal Advisor : https://www.linkedin.com/in/nischal-arvind-s-a026291aOur official partners : https://www.nassandguild.comThanks for the honest reply. Will study your whitepaper and have a deeper look at your project. Having a patent in place would actually be awesome but now you have to be patient anyway  |
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Hello tiCeR, thanks for the question.
The seed sale was ongoing in October and the hard cap was reached. There is a presale for strategic contributors that's ongoing at the moment until the 19th February - above 100 ETH. Then on the 20th and on the 21st February there will be a presale for whitelisted contributors - above 5 ETH. The public token sale starts on the 22nd February and it will last until the hard cap has been reached or until the 22nd March.
Videos are not stored on the blockchain, you actually only store the information regarding transactions and that relates to videos (hashes, etc). The technology is advancing.
Interesting. I am not sure if I understand how your platform works if videos are not stored on the blockchain. If someone creates a video and someone else wants to see it, does that other person have to pay for it and that transaction gets recorded on the blockchain? And then, how does the other person access that video if it's not stored on either a central server like Youtube provides or on a blockchain? Does that person need access to the producers computer? The blockchain only stores pointers (the hashes) to the locations of the videos i.e. the VIEW hosts. The decentralized CDN (content delivery network - that serves videos) means essentially that anyone can host videos and be part of the Viewly network. Whether its one person making use of their home internet upload capacity when they're not using it or professional CDN's, they all treated as nodes in the network and yes some will be more capable than others and will set for theselves a higher VIEW token price for use. The centrality is only the blockchain itself that points to where videos are. That explains it, thank you. Is there any sort of censorship involved or can anyone offer anything via your blockchain? But wait, it wouldn't probably be smart to offer illegal content via your platform because the hash pointer will be stored permanently. They could do it via Tor though. |
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Hello tiCeR, thanks for the question.
The seed sale was ongoing in October and the hard cap was reached. There is a presale for strategic contributors that's ongoing at the moment until the 19th February - above 100 ETH. Then on the 20th and on the 21st February there will be a presale for whitelisted contributors - above 5 ETH. The public token sale starts on the 22nd February and it will last until the hard cap has been reached or until the 22nd March.
Videos are not stored on the blockchain, you actually only store the information regarding transactions and that relates to videos (hashes, etc). The technology is advancing.
Interesting. I am not sure if I understand how your platform works if videos are not stored on the blockchain. If someone creates a video and someone else wants to see it, does that other person have to pay for it and that transaction gets recorded on the blockchain? And then, how does the other person access that video if it's not stored on either a central server like Youtube provides or on a blockchain? Does that person need access to the producers computer? |
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Has the patent for your technology only been filed or also already approved? Maybe you can provide the source for it.
Patent has been filed, we would be soon releasing the complete information about the technology and all team members of Dafzo Ok but that process to get the patent through could take years and years or am I mistaken here? That's how I know it, but maybe it's different for you for whatever reason. |
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It's easy and simple to use the application! And this is only the beginning! How many people will help to master the world of crypto currency, how many of them will become richer and happier from it. Ultimately, all these favorable transformations will become part of the future world in which we will all live - in 10-20 years these projects (some of them) will become the new trendsetters of fashion and progress, and the teams will become the elite of the new digital world!  I agree with you. Who knows what will be in 5-10 years. Perhaps cryptocurrency will occupy the central financial system in the world and applications associated with it will replace the current google and the rest. Isn't the goal of cryptocurrency to not have a central financial system at all? Nevermind, I know what you wanted to say I'm waiting for people to begin to perceive the crypto currency as a means of achieving comfort in various fields of science, the world, communication, etc Not as a means of achieving multiplication of their capital While your answer isn't really the answer to my (not so important) question, I'd still like to respond to what you wrote. I personally think that the goal of achieving a multiplication of their capital is the first and most important for adoption in the case of Bitcoin. The reason is because Bitcoin is decentralized and most people dive into the technology right now not because they care about their privacy, but because they want to increase their personal wealth. If it was centralized and controlled by government we wouldn't really perceive digital money the way we now got introduced to it in 2009. Thanks Satoshi for money as a means of freedom, not as a means of control and surveillance. |
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It's easy and simple to use the application! And this is only the beginning! How many people will help to master the world of crypto currency, how many of them will become richer and happier from it. Ultimately, all these favorable transformations will become part of the future world in which we will all live - in 10-20 years these projects (some of them) will become the new trendsetters of fashion and progress, and the teams will become the elite of the new digital world! I agree with you. Who knows what will be in 5-10 years. Perhaps cryptocurrency will occupy the central financial system in the world and applications associated with it will replace the current google and the rest. Isn't the goal of cryptocurrency to not have a central financial system at all? Nevermind, I know what you wanted to say |
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Has the patent for your technology only been filed or also already approved? Maybe you can provide the source for it.
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Is this going to be an ICO and what's the timeframe for that? Also from a technical standpoint, will blockchain be able to cope with the massive load that comes with storing and playing videos on a global scale?
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Interesting developing is what going on in Stratis lately. Partnering with GluOn in San Francisco and just recently Beyond Global in China are good signs that Stratis ICO platform will see in action soon.
Already that's a great start. If the team can make ot even more simpler and efficient (no bottlenecks!) to host or participate in icos. Even 10% of the icos running on icos uses Stratis, It would go boom. I feel that there will be ever rising competition in the space of ICO hosting platforms. It is already a lot of competition in the market and I hope Stratis gets it right and succeeds in outcompeting most of the others. |
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If cederis operates in my country, for sure 75-90% of internet consumers will transfer to thier service because of thier cheap internet offer.
At my country is opposite, goverment control all activity of business and of course internet is the same. But i still hope this project will come to global asap. Won't there be similar problems as we have today with banks being the gateway to cryptocurrencies? I mean when you want to use Cederis you still need to use state controlled infrastructure. So maybe governments find a way to keep control over traffic. |
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I would love to see a feature where people in their regions could organize and raise funds to build a sports team in order to participate in competitive leagues Would be so craaaazy! |
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Invest in this feasibility study? I even fail to understand what exactly the feasibility study is that you are conducting / have conducted?
Sir a cryptocurrency that would not be affected by inflation and that will rise in value. Alright but what was the data that you based your feasibility study on? Is that available for review? |
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I like the healthy discussion and I feel everyone is making good and important points. Even the 30% discount number you throw in could fail to deliver the desired results. The liquidity in crypto markets is sometimes so thin that it's hard to see any system working reliably in the very near future. HOWEVER: that doesn't mean nobody should give it a try and I like what you are trying to do. As someone here said before, you have to strike the equilibrium between someone willing to provide massive collateral for a tiny loan and the financial security / sustainability of your system as a whole. That's a very difficult task to perform in markets with low liquidity.
Another interesting question is the size of the collateral in the constantly falling market - what we have now. I do not think that the closure of the transaction due to the sale of collateral through (suppose) 10 days from taking a loan will suit at least someone in this business. The question is really complicated. It looks like 30 percent is an insufficient stock of discount. But a larger percentage looks absurd. Almost double redundancy can be obtained. As long as they approach this project slowly and carefully there might be a good chance they can make it. Learn from the data they collect on a daily basis with high volume cryptos and adjust their procedures accordingly. I would love to see them succeed. |
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If those loans are backed by cryptocurrency collateral, every platform will have a hard time to survive severe crashes. The problem is that you need to take a very high collateral, which in turn makes your product unattractive. If you don't take a high enough collateral, you might end up with empty hands and be forced to close operations. I am excited to see a platform getting it right.
What level of collateral do you consider to be high? Usually the price of an asset in a collateral is estimated at a discount of 30%. I like the healthy discussion and I feel everyone is making good and important points. Even the 30% discount number you throw in could fail to deliver the desired results. The liquidity in crypto markets is sometimes so thin that it's hard to see any system working reliably in the very near future. HOWEVER: that doesn't mean nobody should give it a try and I like what you are trying to do. As someone here said before, you have to strike the equilibrium between someone willing to provide massive collateral for a tiny loan and the financial security / sustainability of your system as a whole. That's a very difficult task to perform in markets with low liquidity. |
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Yes, the Internet now takes practically the first place in life, through it we work, we communicate with relatives who are far away from us. it is not necessary for us, but a better Internet.
And also the youth cannot not live without internet. Internet has been a basic need now and also internet allows many users to earn a better living so internet will be online till the last breath of the human race. That will also make this project go good ahead. You discuss about the internet as if it could disappear tomorrow. What might disappear is internet via cable. Maybe it will only work via satellites and then there is a lot of infrastructure to be disrupted. |
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Invest in this feasibility study? I even fail to understand what exactly the feasibility study is that you are conducting / have conducted?
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In my opinion, there’re too many elements that are not a common thing for sport in this project. People can just not believe.
Yes but what is the conclusion that you are drawing? It won't be successful? Doesn't make sense because I guess there are also a few things out there where you would have never thought they can be possible, but - guess what - they are. |
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