If I am not mistaken this will make it possible for smart investors to make their own mini-networks, with say a hundred people they bring into the Viral network, and create tweet farms? With all the resulting weight and revenue being credited to the Verified node? If it is block chain based and DAC style there is really nothing to stop people from doing this.

Hi there

Sorry about the delay, i missed your question.

We are still working on the wire framing of Verified, so I don't want to say exactly how the working iteration will actually function when it is in place. But think of it this way:

You are a high performing node in the Viral network. Not only  is your initial reach quantifiably strong, but you have build up a visible, demonstrated track record in the Viral network. Others are beginning to find out about Viral through you.  You may have the social reach and weight that your Viral activity is producing quantifiable waves within the network, that can be measured by our algorithms. You as a single node, and the set of nodes like you, are an attractive user set - both for sponsors, and for investors in the Viral network that might want to buy into your performance. Essentially, you and your fellow nodes are in an excellent position to become autonomous corporations within the Viral network, entities that others can invest in.  Take this situation, build in metrics, base it on transparent block chain technology, and you have Verified.

This is just a very simplified description. But like all viral networks, the evolution of nodes in tandem with the evolution of the network as a whole is a very interesting area. We have seen this in the recent proliferation of 'masternode' concepts in different coins.

Hope this gives a little insight into that area of the Viral road map, and where we are going with Verified. Thanks for asking.

ViralDev

I would be very interested in hearing more about this Verified component.

Hi

Thanks for your questions,

Viral will not be mineable. Investors earn dividends by participating in the network as nodes.

In addition, investors are rewarded by the process of sponsor revenues being used to buy up Viral off exchanges, thus reducing the supply of Viral. Here is is the simplest way to understand it:

When Viral contracts with a sponsor to place products within the Viral network, the majority of these proceeds are used to buy Viral on the open market, thus decreasing the total available coin supply and increasing the value of Viral, benefiting all holders (reduced coin supply = increased value) . The majority of these coins are in turn burnt, permanently reducing the supply of Viral. A portion of the coins will not be burnt, but returned to the most active nodes (participants) in the Viral network. The exact ratio of burnt coins to dividend coins will be determined in dialogue with the community.

Verified is not about KYC etc. Verified is a component of Viral due to be added into the platform after the initial Viral Network is in place and functioning smoothly. Verified will offer Viral network participants who have demonstrated consistent social reach in the network a way to monetize that reach. We'll be posting more details on Verified shortly.

I hope this answers your questions.

Viral Dev

Haha, ok  


I Personally have not used that term to describe VIRAL , since I really do not see willing participants as bots or zombie machines in my control, which is how a botnet works, having a network of infected machines all reporting back to a central control server where you can make all of them do whatever you wish.

Right now in the beginning stages of VIRAL and its growth blueprint, the more VIRAL users that auth VIRAL to make posts on to their accounts the better for short term fast global growth of VIRAL. This way there are no favours placed onto certain accounts that have authed in the first stages, instead the main focus is on the global spread/reach of all the users put together. This will be most attractive to the early advertising sponsors when they see simple and clean stats and allows the sponsor funds spent to equally spread over the coin's value collectively on the short term and long term as well, but with the long term comes more incentives that will be passed onto the more active accounts with more followers and better reach/geolocation. There will be no need to implement any limitations in the early stages of deployment of VIRAL for the users when it comes to controlling their level of participation, all for the right reasons, we need to ensure that the network grows and the reach expands at a steady rate and not compromise that needed short term boost type growth of the VIRAL's reach as there will be many advertisers watching closely to see the growth and make their decisions on what budgets to apply to their campaigns all based on the reach.


Pretty much spot on, however I could have laid that out in less descriptive means haha


Im gonna look out the window on this one, it's too early to get too deep into the HUGE potential behind the deep metrics of VIRAL that will fall into place when target growth points are crossed.


Smart individuals who simply know how to use Google and do a little research into the aspects of VIRAL that they are not familiar with, are able to gather just how incredible VIRAL is, the idea, the goals and the structure combined, truly a revolutionary platform devised to allow content creators (active members of social networks) to finally be motivated and rewarded for their content along with being a part of something that will be seen as a historical moment in crypto-currency related ventures for decades to come everyone who embraces VIRAL will be known as the movers and shakers who were the earliest adopters!


Now I am dissapointed, listen to it when you can and let me know if you enjoyed, you can really hear the excitment in my voice maybe too much on the show, however I am just really stoked to finally see VIRAL getting the attention it deserves and seeing people who are also very impressed with it.

Thanks for chiming in with the great questions cambda,

First off, the only thing that was missing in my initial idea for a way that the "little guy" could stop getting robbed of the fruits of their labour, which is getting something back for the  content that they already are supplying to the social networks on a daily basis, was missing a solid method, how would they be rewarded? There are some new social networks that have taken a stab at this model like TSU.co that offers members to get paid out a share of ad revenue in dollars and cents based on the quality and popularity of their post content, however those that do get paid mainly are making pennies to a few dollars every few months, the main reason behind that is due to the fact that they are a new social network and do not have the established advertising contracts in place that the big boys do, so they spread around scarce profits.

So, Forward to VIRAL, since the advertisers know that they are getting exposure through the major networks that they already spend money on, now they will have an even better avenue of marketing their goods, now they get the TRUST marketing factor, not only do they have their message on Twitter for example, but now will have the trust factor on top of that with real active Twitter members posting to their friends and followers etc, the method that has proven to have a much higher conversion rate overall. The advertisers would rather pay for trust factor marketing any day, this is just a fact and VIRAL is only that!  

Incorporating this innovative advertising solution into a crypto/token/digital funds type of platform as it's backbone just makes sence. My passion for innovation on the blockchain, the same backbone of bitcoin is something that has always intrigued me since I discovered it. This is the chance to make it happen and make it VIRAL.

When it comes to the potential to be made, value wise, this all depends on the Viral growth of the network, the more nodes that are authed the more spread the advertisers are getting in return for their ad buys. So just refer to the current amounts being spend by advertisers across the active networks on their campaigns and then keep in mind the global reach of VIRAL depends on how many nodes have authed and how much exposure they have based on friends/followers/geolocation/demographic as this grows faster, the incentive to the advertiser to commit more of a budget to their campaigns keeps growing and the value increase of VIRAL continues upward. It's really straight forward and will shake up the industry in ways that they may not be prepared for, this is where things get very exciting for everyone who is a part of VIRAL!

As for your question about the big players taking interest into Viral, this is to be expected, they will be getting heavily involved no doubt, however this is not a threat to any of the people involved, keep in mind that the spread of the network depends on the nodes running, the amount of wallet users who have authed and have promotional messages posted onto their timelines etc. The big players who scoop up larger numbers of VIRAL just stand to benefit based on the global value of VIRAL but will not benefit from the individual systems in place that take into account the reach of individual accounts that are authed in VIRAL, so overall there is no clear and present danger or threat to anyone stacking larger numbers of VIRAL in their wallets. All of this has been considered since the blueprint came to life a while back.

For your last question, using the example of marketing a new pair of Bose headphones, Viral users who authed would see a tweet appear on their account that would look similar to this. "Hey guys Bose came out with these new headphones that have intense bass and treble, check them out here xxxxx.com"  and the amount of times (frequency) depends on the advertisers budget at the end of the day. Of course those who have the budgets will push for more then once in a day, perhaps 2 times in a day throughout the entire VIRAL network.

Forget about mining and premining. Forget about a public blockchain.

Why couldn't the Federal Reserve just set up a website where you could open an account with them permitting you to transfer/send them money (USD, BTC, euros, etc.). Now for example you transfer $100USD from your checking account and you provide a "Fedcoin pubic address" (e.g. USD4859ht83649fnjborkoelg86395730957) generated by your Fedcoin wallet which holds the private key, the federal reserve takes the $100 you sent out of circulation and creates 100 fedcoins on the Fedcoin ledger (maintained on their server) and assigns it to that address. Anyone can use a Fedcoin wallet to generate public/private key pairs and transfer fedcoins they own by connecting to the Fedcoin ledger. One instant confirmation and you're done. The Fed agrees to pay one USD back per one fedcoin on demand.

NOONE

Just simply that If someone have 1000 BTC , they won't waste their time here .

people wont use it becoz it can easily be stolled and there is no compensation for the consumer ppuepil are going to fear hathing their bitcoins stored online and they can be stolled in an instant.

im afraid just the thought of hathing my bitcoins HOT for even just a few seconds with peupil hathing their coins stolled even with 2fa and secondary password it just isnt safe enough for the sheeple.