Hi!

I’ll answer your questions in two parts if that's ok:

1. Competitors:

There are competitors both on and off the blockchain. From the 'old guard' like TripAdvisor (who recently spectacularly failed to address the issues we’re solving), Amazon and Yelp- to on-chain solutions like Revain. he issue is that they all attempt to deal with the problem in the same way with solutions that have been proven time and again in the real world to not work. If they did work, there wouldn’t be 20% review fraud. It is not like Amazon, Yelp and TripAdvisor do not have access to significant resources and view this as a huge problem. Putting the same old solution into the blockchain (and throwing around 'AI' without any genuine USP) won’t address the issue- and no amount of marketing can change that.

2. Our Competitive Advantages:

To summarise why we’ll win in three words: Technology, Traction and Team.

Technology: We have developed a robust and proven technology stack that utterly set us apart from our competitors, backed by unique and protected intellectual property that solves a set of problems that have, so far, been intractable. No one would accept 20% fraud in any other industry but that is the current state of the market- and the affected revenue is just staggering as a market problem ($321 billion).

Traction: Unlike many blockchain projects, we’re not just a white paper and some slick marketing- we’ve quietly been proving our technology through adoption. Our solution is used by over 25,000 monthly active users (as of Monday this week) in a closed beta of an app in New York & London. We're already talking to a dozen other platforms about how they could leverage the Tru Reputation Network- and that is going to be the driving economic force behind the Network- real-world mass adoption, not speculation on potential future prices.

Team: We’ve got a team that has 110 years experience, has a history of success with startups and knows how to execute. Between our team and our advisors we’ve created companies that have generated more than $500 million revenue and raised over $70 million in funding, have a wide range of experience across a majority of market verticals and possess a broad knowledge of financial services & digital security technologies.

Hope that answers your questions- I'm more than happy to go into more detail as to why the current solutions will never work if you want me to.

Sure, the Patent Application can be found here. We’ve filed internationally on a US priority, and we’re currently finishing up with the European Patent Office as well as the USPTO. If you need any more, feel free to DM me.

This is what gets you into deep shit even if you're doing nothing wrong- and the ICO in question. It's fraud and it's extradition offense in most countries.

Yeah, and laundering, and many other completely legal things- not everyone wants everyone knowing the exact balance of their account or what they bought ever second of the day. Public ledgers do show exactly what you're disposition is and who you sent money to- but it's only bubble up the situation that has existed with banks since the late 80s- they know everything about your spending (and they use it to sell you more, it's pretty disgusting from the inside to be honest).

But, true privacy coins will be the excuse Crypto gets cracked down on along with mutterings about 'terrorism'. There isn't a chance in hell governments won't react severely to them, and by association anything based off the blockchain.

I use MEW, but I use a clone of the repo locally. The public version has some worrying issues with lack of security headers being set that's been raised with the team, but it's open to clickjacking, MITM, and iFrame attacks- all of them easily preventable, and not really an issue if you run a local clone or a clone on your own URL with the headers set. It's a fantastic project though, irrespective.

UPDATE:

- New content to share- Tru Reputation Network Explained

- BitcoinTalk Signatures is still wide open, lot of stakes still to play for.

Hi- video can be viewed here

Hi- probably the best summary I can give you, is the following infographic:


Essentially, because we're linking verified transactions to the parties involved, and linking them in using the Semantics Terms Feedback Algorithm (that's the patent we keep talking about, and it's a game changer)- it basically removes the ability to fake feedback. Once both parties accept feedback, the algo determines based on the market depth how much Tru Reputation Tokens they receive for their feedback and splits it between the parties. The Tru Reputation Network isn't linked to any single platform or site as well- it's designed to be really easy to remove any existing feedback mechanism and just replace it with Tru- and better, you can then persist your reputation between every platform in the Tru Reputation Network (and platforms can read that reputation as well, making their offering more valuable: getting passed the 'walled gardens' of E-Bay, Yelp, etc).

The White Paper does explain it all in quite a lot of detail, but there is also a explainer video just going through the final voice over edits right now which I'll share when we've got it polished.

Hey all

We're updating the spreadsheets right now. Some updates on specific campaigns:


If you haven't submitted your reports, please do so now.

Can I also ask in future you separate Likes from Shares/Retweets- I want to make sure you get rewarded for your effort, and it could lead to ambiguity. If you spot any errors in the spreadsheet hit me up on the Bounty Support Telegram Group or via DM on here, or at Our PreSale Inbox.



Loads of empty spots on this one, anyone who is Jr. Member or above should consider it as it's pretty under-subscribed and there is a lot of cash on the table.


In other news- you guys have been rocking this week, plenty more to come next week as the traction is building, and a few announcements (like new team members being added now they've signed their contracts).

Spoken to the entire team today, and we're all in agreement that the circumstances where we would ever even consider extending the pre-sale period would essentially boil down to technical issues with the Ethereum chain causing TXs to take too long to confirm or be blocked (like the CryptoKitties launch storm). Even then, there would have to be enough TXs in the pipe to justify changing timelines- something that I'm not inclined to do as a matter of course nor are the rest of the board.

Thanks. There is a CrowdSale after this, and the reason we decided against a short sale period was to remove the wrong incentives- panic rushing to buy, and not giving people enough time to participate. Equally, a lot of Pre-Sales are not open to everyone and while we're closing out terms with some VCs right now (when I can talk about them, I will), I wanted to ensure anyone could participate at the same bonus rates they can. The Pre-Sale may not run until the 5th March- if we hit our Soft Cap way before then, we will be closing the Sale down- we're not trying to over raise, we know exactly what we need to get where we want to go. The Crowd Sale will follow at the end of Q2 and will be shorter than this- and depending on what happens between now and May 2018, may actually be incredibly quick- it is purely there to offer tokens prior to the launch for institutions, platforms and general users to buy the supply before the general launch- and determines the total size of the pool.

We are still looking for Bloggers and YouTube contributions- if you're thinking about it, reach out- wide open field right now- and therefore probably the best earning ratios.

Same with BCT signatures.

I am indeed- spreadsheets will be updated on Sunday after 10 am GMT each week.

Check the feed- lots more inbound today- plenty to get your stakes this week (and we'll aggregate the figures across 7 days rather than strictly enforcing per day limits).

Thanks for the feedback- we got a bit irritated by how many White Papers either ignored the economics, or ignored the technical details- a good white paper should cover both and act as a 'bible' for the project.

Blog update

TL;DR: This isn't a project that is just a White Paper, a private chain (based off of JPMCs Quorum Project) is being used by Trubador - over 16,000 Monthly Active Users in NYC & London, over 1 million feedback items handled in over 300k transactions- and it's growing at about 50% each month.

What are the concerns? The spreadsheets are at the bottom of the post. If we get the math wrong on anything, feel free to kick us- we're all working towards the same goal- getting the Tru Reputation Network launched successfully so you earn and we get to change the way reputation works.

Copper Member added to Stake Tiers. If anyone else is a Copper Member and wants to participate- you're welcome to join.

Copyright has little to no bearing on this given it's an MIT License project- you would be required to display the copyright notice (much like the Simple Machines copyright at the bottom of the current forum) but it allows full usage of the code including for commercial purposes so long as the original source is acknowledged. It's basically as Open Source as Open Source gets.

Permission granted.