[ANN] - THE BITCOIN MOVIE

[TheBitcoinMovie.com]

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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[aioc]

Since making a movie is a mainstream business,thus dev should show up who are behind this venture,I believe this is just a hype ico and they just want to bank on Bitcoin popularity,if there's a company who should be producing movie about Bitcoin,it should be the people who are the big names in the Bitcoin industry,not a newbie with an unknown identity

my verdict: Another will be scam ico coin in the making

[Crypto_FreeMan]

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."

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....

[boomboom]

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.

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'

[TheBitcoinMovie.com]

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.
 

[TheBitcoinMovie.com]

NEW UPDATE

Update 2 (March 13, 2017) - White paper released - Make sure to leave your comment!

[TheBitcoinMovie.com]

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.

[TheBitcoinMovie.com]

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.

[lembang]

This seems to be interesting

[TheBitcoinMovie.com]

This seems to be interesting

 

Have you read the white paper?

[bournekin]

Any bounty campaign sir
I would reserve indonesian translations
thank you

[tippytoes]

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.
 

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.

[Cryptorials]

Hahaha, 'The Bitcoin Movie', crowdfunded and collaboratively developed using Ethereum, lol.

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.

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?

[robelneo]

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..

[EdgarTheEdge]

Hahaha, 'The Bitcoin Movie', crowdfunded and collaboratively developed using Ethereum, lol.

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.

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?

Dev should talk to some indie producer and lower the goals maybe?

[TheBitcoinMovie.com]

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.

[TheBitcoinMovie.com]

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.

[TheBitcoinMovie.com]

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.

[TheBitcoinMovie.com]

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.

[EdgarTheEdge]

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?