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DTV is also the concept, what is the difference and innovation?  SingularDTV is a great concept with a team that conducted an impressive ICO round. They aim to produce the futuristic tv series Singular and the production of documentaries for those unaware of the benefits and opportunities that blockchain technology and decentralization provide. However interesting, a limited budget may become soon problematic given the futuristic nature of their tv series, where you can immagine substantial amounts may need to be invested in post-production to make the series look good. Let's hope for the best. Success of each major ICO to date is important for the prosperity and growth of the ecosystem as a whole. The Bitcoin Movie targets a similar goal - push Bitcoin further out of the shadows and help the world wake up to the huge potential of blockchain - but in a different context. TBM is here to finance the production of a full length feature film for worldwide distribution with a production budget of high quality movies with compelling stories, e.g. “The imitation game” starring acclaimed actors Benedict Cumberbatch and Keira Knightley which grossed over $233M worldwide against a $14M production budget and received eight nominations at the Academy Awards. Why? Bitcoin has affected the lives of many and will continue to do so, providing stories that can inspire, intrigue and captivate audiences worldwide. Bitcoin can create stories people will relate to. Stories are almost always about facing problems and trying to overcome them. Stories have a problem-solution structure. Stories are usually about trouble and Bitcoin offers to be a great storytelling platform. What happens when a man forgets he bought 100$ worth of Bitcoin in 2009? Is there a story to tell about Mt. Gox, Bitcoin’s $460 million disaster? Is there a movie behind the story of a 29-year-old idealist who built a global drug bazaar and became a murderous kingpin? Or perhaps TBM should depict the story that even those outside the Bitcoin community have heard - the story of how an unknown person created the biggest invention since the internet and then vanished forever? The Bitcoin Movie must be seen as an opportunity for the crypto-community to achieve something of great importance. Not so far from now a movie with a Bitcoin related storyline will be produced. You can be 100% sure of this. The Bitcoin Movie opens up the possibility for the crypto-community to take part in it and tell a story that serves Bitcoin, before Bitcoin becomes mainstream and the big studios start evaluating the topic. You are most welcome to read our white paper and get back with comments and questions. |
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Dev should talk to some indie producer and lower the goals maybe?
In our view The Bitcoin Movie should target an important budget. Low budget indie films, with the exception of horror movies, rarely make money for their investors and opting for a low budget film would make The Bitcoin Movie an unattractive investment option. A budget of 13,000 BTC almost certainly guarantees the on-boarding of a distinguished director, reputable lead actor and supporting role - all very important factors if you want to sell the movie to distributors globally and not only showcase it on various indie festivals. Good answer. Do you have something to show us at the moment? At the moment, getting the word out and invite people in the conversation is the most that can be done. It has to be as 'organic' as possible, without pumping, to test the true interest and give it a chance of a slow and steady rise. TBM is a marathon, not a sprint. It is also important to note, right now the bitcoin community seem to focus more on SegWit/BU/HF, so the timing may not be the best. This is also the reason the bounty program announcement has been postponed. |
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Dev should talk to some indie producer and lower the goals maybe?
In our view The Bitcoin Movie should target an important budget. Low budget indie films, with the exception of horror movies, rarely make money for their investors and opting for a low budget film would make The Bitcoin Movie an unattractive investment option. A budget of 13,000 BTC almost certainly guarantees the on-boarding of a distinguished director, reputable lead actor and supporting role - all very important factors if you want to sell the movie to distributors globally and not only showcase it on various indie festivals. |
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I have seen so many ico but this one will not push through if you are so serious about your project and you are capable why not tell us who are your team,and what other projects your team are involve in present and past, I didn't see it in your white paper your white paper is just to entice people to invest. Try harder next time..
Your concerns are spot on! Before launching The Bitcoin Movie campaign, we discussed this matter thoroughly and conceded there probably is no team 'good enough' within the crypto-community. Before you interpret this statement the wrong way, please consider, who would you trust to deliver on a high quality film production for worldwide distribution? Remember, The Bitcoin Movie is not a low budget indie film project. The Bitcoin Movie must be seen as an opportunity for the crypto-community to achieve something of great importance. In the not so far future a movie with a Bitcoin related storyline will be produced. You can be 100% sure of this. The Bitcoin Movie opens up the possibility for the crypto-community to take part in it and tell a story that serves Bitcoin, before Bitcoin becomes mainstream and the big studios start evaluating the topic. Thankfully for now they still don’t see much value in it. |
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Hahaha, 'The Bitcoin Movie', crowdfunded and collaboratively developed using Ethereum, lol.
Bitcoin will always be Bitcoin, but currently Ethereum is the most advanced and secure way for token issuance and smart contracts implementation available. Seriously though, its an interesting idea and it would be fun to be involved in it, but 13,000 BTC as a minimum goal for a stage 2 ICO seems so ambitious that I'd feel like I was wasting my money on stage 1 because it would end up never happening.
Glad you find the idea interesting! In our view The Bitcoin Movie should target an important budget. Low budget indie films, with exception on the horror genre, rarely make money for their investors and opting for a low budget film would make The Bitcoin Movie an unattractive investment option. A budget of 13,000 BTC almost certainly guarantees the onboarding of a distinguished director, reputable lead actor and supporting role - all very important factors if you want to sell the movie to distributors globally. The downsides (and benefits) of conducting multi-stage ICOs are evident, but we believe this is the course that needs to be taken. Also, how do you plan to identify unique token holders for voting? I presume that means there must be some KYC in order to buy tokens?
We all know there is currently no proper way of proving the unique identity of someone in a trustless manner and some are working on this issue. Therefore an account registration will be required to join the crowdsale and a user identification method similar to the ones used by online gambling and betting sites will be used to enable voting rights to token holders. |
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I can't fathom how you can raise that amount of btc in your stage 1 and the justification of how you will spend it is not that clear. How much more in stage 2.  As boomboom briefly stated what are the usual practices in the movie industry, it would be very hard to realize this project. The whitepaper is just a brief description & detailed plans are not yet laid out. This will be a project that will take 48 years in the making and a lot of actors that are initially cast will be dead tired of waiting, hence, leaving this project. In this regard, this one is not attractive at all to investors. In our view The Bitcoin Movie should target an important budget, especially considering low budget independent films rarely make money for their investors and opting for a low budget film would make The Bitcoin Movie an unattractive investment option. The white paper describes all that can be planned at this stage. First thing is to hire a creative agency to come up with different storylines, rule out those that are either unattractive or out of budget reach (e.g. require a big cast, many shooting locations, extensive special effects etc.), have investors vote which storyline to pursue and then hire a distinguished screenwriter to create a great script. A great script is paramount to a movie's success, and great writers request 6 digit deals. You can always experiment with an unknown writer, but you will probably end up with a mediocre script and subsequently undermine the possibility to onboard a reputable director and cast. A somewhat cheaper, but also interesting option would be to organise a screenwriting competition, giving awards to the best submissions and award the winning script with a fair contract. In any case, only after a script is secured can you start budgeting and laying out more detailed plans for stage 2. |
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What benefit for investors from this crowdsale? Will you share a part of the profit from movie or not? If tokens will need only for voting about decisions it's really stupid investment....
+1 Good question! I'd like to hear the answer from the dev This. If you just want to raise money from Bitcoin people, I wouldn't call this an ICO as there is no incentive to invest. Most likely a teen scammer trying to cash in on crypto hype. Making a movie where investors have the ability by design to determine creative choices through voting is complete lunacy, no director of any talent would consent to this, this idea isn't coming from someone who knows the movie business. Waiting for answers from dev. This looks too good to be real! You are welcome to take a look at the white paper (released today) and let us know your thoughts. |
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Yeah and you didn't answer on my last question.... What benefit for investors from this crowdsale? Will you share a part of the profit from movie or not? If tokens will need only for voting about decisions it's really stupid investment....
Probably you missed the answer given to a similar question. In short, yes, profits will be shared. You are free to take a look at the white paper and let us know what you think. |
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Your OP says
"From development to post production, you will have the ability to vote and decide on key film elements such as director, storyline, cast, etc."
This almost certainly gaurantees a cluster fuck process, I'll give you one example out of many that come to mind; if token holders vote on key elements like director, storyline and cast, that implies a range of candidates in each area will consent to having a public process where all necessary offers, counter offers, conditionals etc are made public, so the token holders can make a decision on who to vote for. Do you really think professional recruitment can work like that, without NDA's and confidentiality?
What you are proposing is a reality tv style recruitment process, where amateurs with nothing to lose offer themselves up for Movie Idol, and the token holders vote candidates off the 'tribe'. Now, that might make the 'recruitment' process a potential reality tv show, but the Movie it makes will be complete dog shit.
Small time Movie deals go like this. Someone writes a good script, it gets past around, sometimes for years, until some 'money' gets behind it. Then a BIG name signs on, then the script, money, and big name attract more money and other Big names. Then, depending on the Big names there might be script rewrites. Once the ball starts rolling the initial investors don't have any say at all, the big name actors, directors, producers, cinematographers etc do. Usually the original writer gets blown off and has little say in the finished product.
Movie making deals are messy, secretive, top down and hierarchical, it can't be turned into a democratic process, too many conditionals, 'I'll be in your movie if X is the director, but not Y, unless Z is the co-star, in which case I MUST have P doing rewrites on the sex scene'
Thank you for your great response! What you say is most certainly correct and would indeed result in a total production disaster from start to finish, making it unimaginable to deliver a film worth watching. That being said, it would be most appreciated if you could take a look at the white paper (released today) and let us know your thoughts. |
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Thank you all for making this discussion live! The White Paper will be released on March 13, 2017.
In the meantime, we would like to answer some of the questions:
By design, The Bitcoin Movie will be a unique filmmaking experience. Token holders will have the opportunity to actively participate in the creative choices. From development to post production, you will have the ability to vote and decide on key film elements such as director, storyline, cast, etc.
The Bitcoin Movie is set to become the first film in history to use blockchain technology and smart contracts to run a film production.
This is the absolute worst decision making process imaginable for making a movie. You'll end up making the worst movie possible, what next, use blockchain and smart contracts to raise children. Investing in The Bitcoin Movie will represent an equity stake in the production of the film where profits generated by the resulting film will be distributed amongst token holders. The Bitcoin Movie Tokens will give voting power to its proprietor and allow him/her to vote on important decisions in the filmmaking process. Therefore, The Bitcoin Movie represented by its token holders will take the position of a production company and financing entity. The Bitcoin Movie token holder's responsibility lies in hiring the right people for the job — not to interfere in the work of experienced movie professionals.
Interesting project but my concern is once the film is completed, these tokens are worthless. Am I correct?
not if they share the potential profit with the token holders. we will see. Investing in The Bitcoin Movie will represent an equity stake in the production of the film where profits generated by the resulting film will be distributed amongst token holders.
The Bitcoin Movie? is it a film or just a name of your project?
must provide with the details to avoid confusion and get some inputs with regards to this project.
Interesting idea but a bit of confusing too.Are you going to make a movie on bitcoin or going to build a movie production house like Warner bros etc?Why you calling it bitcoinmovie and not blockchainmovie if you intend to use blockchain?
"The Bitcoin Movie" has been chosen to make the "working title" as generic as possible. In the end, the produced film title will depend on the script that will be chosen trough the decentralized filmmaking process described in the white paper that will be released on March 13, 2017.
Hope the given answers cast some light on our mission. The Bitcoin Movie is here for the community, not to take, but to give. Please feel free to continue the discussion. Any questions (and answers) are most welcome! As Albert Eistein once said:"The important thing is not to stop questioning. Curiosity has its own reason for existing."
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The Bitcoin MovieBringing The Story of Bitcoin to The Big ScreensWhite paperToken Crowdsale Starts May 5, 2017www.thebitcoinmovie.com
Follow Us:
Twitter
Medium
The Bitcoin Movie is here to bring Bitcoin to the big screens in form of a full length, high quality production film for worldwide distribution.
Think: The Big Short, The Social Network, The Imitation game.
Please refer to the The Bitcoin Movie White Paper to review the proposed method to finance and produce a motion picture with a compelling Bitcoin related story where crowdsale participant are involved in sharing the potential profits and picking the best storyline and present Bitcoin to a worldwide audience.
Distributing equity tokens to a pool of crowdsale participants opens up the possibility to achieve a more decentralized filmmaking process, especially in the beginning stages of development and pre-production. Development is where the creative juices start flowing, the story takes shape and begins to mold together. Inviting-in a Bitcoin community of token holders to select a Bitcoin related storyline can be a very powerful and potentially essential resource in choosing the right path to success.
You are welcome to read the white paper, join the discussion and follow this thread for updates!
UPDATES
Update 1 (March 9, 2017) - White Paper to be released on March 13, 2017 - Thank you all for making this discussion live!
Update 2 (March 13, 2017) - White paper released - Make sure to leave a comment here on Bitcointalk!
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>>> Main discussion: <<<
Bitcoin Forum > Alternate cryptocurrencies > Announcements (Altcoins)The Bitcoin MovieBringing The Story of Bitcoin to The Big ScreensToken Crowdsale Starts May 5, 2017www.thebitcoinmovie.com
Follow Us:
Twitter
MediumWe are excited to announce the start of The Bitcoin Movie campaign - a full length, high quality production film for worldwide distribution.
Think: The Big Short, The Social Network, The Imitation game.
By design, The Bitcoin Movie will be a unique filmmaking experience. Token holders will have the opportunity to actively participate in the creative choices. From development to post production, you will have the ability to vote and decide on key film elements such as director, storyline, cast, etc.
The Bitcoin Movie is set to become the first film in history to use blockchain technology and smart contracts to run a film production.
You are welcome to join the discussion and follow this thread for updates!
In the following weeks we will post an update with specifics on the upcoming token crowdsale and our bounty program. |
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