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Author Topic: Bitnews on HI  (Read 1109 times)
pollen_bit (OP)
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April 28, 2014, 03:32:43 PM
 #1

[Havelock Investments] Public Offering Now Available for: http://www.bitnews.tv/ (SF2)

IamSatoshi is a project to explore ฿itcoin. https://www.onename.io/iamsatoshi
fluffypony
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April 28, 2014, 04:52:32 PM
 #2

This is, by far, the most confusing of the Seedcoin II "offerings".

You have no defined revenue streams except for "paid membership". You briefly mention advertising in one breath, and in another you say "the mainstream media receives a large part of its revenues from advertising fees paid by other highly centralized industries." You seem to want to create some sort of libertarian news movement...but then you cap your pitch off with "This material is meant for professional investment advisors, high net-worth individuals and sophisticated investors only." I can't decide if this is insulting or farcical.

There's also this: "[the media's] coverage of decentralization initiatives is rarely fair or balanced" - this hasn't been true for ages, most especially recently with all the news coverage as a direct result of the global rise in privacy concerns. But don't worry, you guys are going to be an "independent crowd-powered news channel focusing on decentralised technologies" - ok......"such as Crypto Currencies, P2P Energy Grids, Urban Farming, Direct Democracy, 3D Printing, Decentralized Internet, Mesh Networks" - dat decentralised 3D printing, yo.

For this you want 250 BTC, just on $125k at present value and 100 BTC more than TagPesa wants (who at least has a vaguely feasible idea for an actual product), with vague hand-waving promises of revenue and no details about what you need that insanely large amount of money for. Oh, except "reaching out to new viewers via targeted advertising on specialist websites"...and "attending and reporting from relevant meet-ups, conferences & expos around the world." So investors are paying for you to advertise on your buddies' websites and then take a paid-for vacation???

You have not demonstrated the ability to produce any material of worth. I'd be more inclined to throw money at CryptoCoinsNews - they've actually shown the ability to produce content despite having a group of mostly uneducated reporters (including a surprisingly lucid 15 year old).

Also, we live in a world where blogs, Reddit, and Twitter are the way people consume news (even IRC is experiencing a grand reawakening), so the people most active in those communities are the news makers and the news breakers. Producing a weekly show is very 2007. And don't forget, for all your libertarian callings, you've made no mention about how you'll disseminate that show without centralised, controlled services like, you know, YouTube.

pollen_bit (OP)
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April 29, 2014, 09:09:41 AM
 #3

Thank you for your feedback.
We’ll take your comments on board and carry on!
Don’t stay tuned for now. We’ll keep you posted when appropriate.


IamSatoshi is a project to explore ฿itcoin. https://www.onename.io/iamsatoshi
binderclip
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April 29, 2014, 09:10:25 PM
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"Don’t stay tuned for now."

well that de-escalated quickly
pollen_bit (OP)
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April 30, 2014, 09:50:36 AM
 #5

Before investing, the normal due diligence should be performed.
Comparing Bitnews to other media entities, where a statement such as 'a lucid 15 year old' is used, and at the same time saying we 'have not demonstrated the ability to produce any material of worth', IMO is trolling. Our names are on the PDF used by fluffypony to make his comments. A simple Google search will provide the BG and the materials we have all produced.

IamSatoshi is a project to explore ฿itcoin. https://www.onename.io/iamsatoshi
🏰 TradeFortress 🏰
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April 30, 2014, 09:53:03 AM
 #6

First of all you should avoid using copyrighted images commercially on your homepage -.-
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