[ANN][PRESALE] BITNATION

[BestKait]

this is an interesting project, looking from a road map, which I think is very neat and potentially   succeed in the future, I'm interested to see the progress of this thread, and not a bad idea to invest, may be a successful project

Thanks for the support!

If anyone is reading this and interested in checking out the roadmap here is a link right to it to make it easy .

ROADMAP: https://icobazaar.com/v2/bitnation/roadmap

[stronger2]

BITNATION program is very innovative and unique even arguably amazing in my opinion here I think that it is like having a country that all controlled by technology blockchain which later happened decentralized government

[JaceMace.]

BITNATION program is very innovative and unique even arguably amazing in my opinion here I think that it is like having a country that all controlled by technology blockchain which later happened decentralized government

Thanks stronger2, we appreciate the support.

Don't forget to follow us on Twitter: https://twitter.com/MyBitNation
Like us on Facebook: https://www.facebook.com/MyBitnation/
and Join our Telegram Channel: https://t.me/PangeaBitnation

[kieran_84]

Dear Community,

We are excited to announce that the invite link is ready to get the Bitnation iOS App.

Download TestFlight and fill out the form to get an invite to download the app.

http://ios.bitnation.co

[WhereIsMyBTGNegga??]

Hi!
I've bought tokens some weeks ago but still did not received it to my ETH wallet.
How can I get it?
Thanks

[DrearyUrbanite]

Is there actually a soft cap or do you have enough funds already secured to definitely make Bitnation happen?

Hey DrearyUrbanite, there's actually no soft cap. However, we do have a hard cap of
US$27.3 Million, total hard cap was $30 Million, but $2.7 Million sold in pre-sale in Q4 2017.

Ok that means we will definitely be able to use your service and hopefully see it grow over the coming years no matter how the token sale goes. That's cool! And I like the name Bitnation very much. Everyone involved with crypto gets an idea immediately of what that could be about.

[the1arty]

The BitNation foundation was in 2014 and from that time, they really did a lot. Now, it’s the first company, who named itself as a first Internet Government based on blockchain technology, actually on Etherium smart contract technology. What that means? It’s not a secret, that Etherium technology provides maximum security and safety of the data, but what means an “Internet Government”? Let’s try to find it out. https://www.youtube.com/watch?v=_ye22aupLyw&t=14s

[Felicisimoiii]

Hi!
I've bought tokens some weeks ago but still did not received it to my ETH wallet.
How can I get it?
Thanks

Hi! Tokens will be transferred after the token sale. 

[Zye]

now it is profitable to invest in the project. If you intend to do this, then the best time will be gone.

Thank you for your interest Rugeartreama!

The Public sale is live until the 25th of April (or until the hard-cap is reached!)

[ivan376]

Why people still love to have tokens? Tokens are now getting bad reputation nowadays. Even the mother of all tokens Ethereum is plunging in its value.

[vabchgent]

i've read all of your white paper and other of your project documents, and i still don't don't understand what about is this project....

Hi vensky,

Thank you for taking the time to read it.

Bitnation is creating a jurisdiction - a legal domain - in which p2p agreements can be made, disputes resolved and contracts enforced through reputation. So the answer is most people would use it - it’s 100 times cheaper than using legacy legal services, more secure, trustworthy and configurable for your life. More and more people live and work across borders and need a jurisdiction to account for that. Even more live and work in the informal economy (2bn according to World Bank estimates) and have no current legal protections. On our jurisdiction you can make enforceable binding agreements without recourse to 3rd parties. Communities and nations can also be built on the jurisdiction to offer services to their members - this means that a free market for governance services is possible - increasing choice and driving down costs.

What happens if I enter a contract with a counterparty and we agree upon certain terms and conditions. Now one party breaks the rules. Who is going to enforce my claims? Will it be acknowledged by any official jurisdiction?

Hey vabchgent,
Enforcement is done through financial and reputation incentives. Contracts are agreed to voluntarily and only apply peer-to-peer, there is no police necessary. Instead of deterrence enforcement is done through positive incentives

Can you think of any scenario where it might make sense for one party to deviate from the contract? Even if it is damaging both parties for example? What happens then? Would a court still be a place to go or how do envision such a situation (if existent) to play out? Very interesting project anyway here!

Hello Vabchgent,

PAT drives the reputation system on Pangea, which provides a native contract enforcement mechanism. Pangea awards three non-tradable sub-tokens for 1.) making and successfully completing contracts and arbitrating disputes (keeping your word), 2.) building and populating  nations and offering services citizens rate highly, 3.) developing and updating smart contracts that are highly rated by users. Users can only rate ‘machines ’ - smart contracts and nations - not other users (to prevent popularity contests), while a machine (AI) rates users against set criteria.

PAT is a tradable reward (like air miles) for building up a good reputation (accumulating non-tradable tokens). It can be used on the platform to buy services and exchanged for other digital assets - we have a deal with shapeshift already. You can also use any other crypto to buy services and trade on Pangea, but use of PAT will provide a small discount.

 So a jurisdiction is a domain of law. In which any agreements can made and upheld to a set of agreed rules (a legal code). Because ours is a peer-to-peer jurisdiction, those rules are agreed between the parties to each agreement, not by any third party or authority. The Pangea jurisdiction allows these agreements to be made, and provides a native human arbitration system to resolve disputes - and a reputation system for enforcement.

In addition to p2p agreements, users can also create their own voluntary communities- nations- for collective agreements, and to offer governance services. These can use the Pangea jurisdiction to their own set of collective rules.

Since they are voluntary (nobody is forced to join them, and any citizen can leave at any time) these communities must compete for citizens in a free market for governance - and it’s perfectly possible - even likely - that users will join several nations to access different services (e.g. a occupation based nation, say for employment and education - e.g. a wheat farmers nation, or a solidity developers nation, another for their local needs - say a neighborhood or city association for trash  collection, basic income and local services, and a cultural nation for religious or other social services - like a nation of Goths or Buddhists.) so governance becomes like other aspects of life, a matter of choosing what suits you best.

Thank you very much for all those details. It is a very interesting but also challenging concept in the way that it is hard to grasp its potential impact on our real lives. You mention, among others, this example of a wheat farmers nation: that is where I have a hard time to fully understand the consequences of such a nation. If we say that a wheat farmer enters a contract with a baker and both agree on a certain price to be paid for a certain amount of wheat on a specific date via Bitnation (is that a possible example, i.e. a futures contract?), and the baker doesn't pay, then the baker will lose reputation. Does that situation have any consequence outside the "virtual" bitnation world? Or am I totally off here with my example?

I do understand what you are essentially building, at least I believe so. I am just asking myself how Bitnation exists in relation to our current world? Can we just be there and make contracts outside or our jurisdictional world? Is that even legal?

Your reputation on Pangea determines how others view your ability to keep your word. This reduces or increase your chances of other to carry business transactions with you or not in the future. Aside reputation on Pangea which sounds more virtual, there's also an escrow - you will be able to put digital assets into escrow on a blockchain, (examples are land titles, ownership documents for assets like cars etc, deeds for buildings, wills, crypto-currency etc.), these will only be released on contract completion after arbitration. So in your case scenario if baker doesn't pay the farmer, what ever asset that was held in escrow will not be released until he carries out his part of the contract. There's also contract insurance - you can take out insurance against one party failing to fulfill their part of the bargain.

We all operate in both virtual and non-virtual worlds, and more so. You could have a bank account in New York and never visit a bank there or seen any of your cash dollars, but it will still work well for you when you need it because you can access it online. Goods are ordered daily from  Amazon, but nobody goes an Amazon store (in fact like the bank in New York, they don't exist as places you can walk into and do business), but like the dollars from the bank, the books from Amazon arrive on time. Why should jurisdiction be any different? The fact that it is, suggests its an archaic system ripe for disruption.

I hope this answers your question.

It answers my question! I can still see scenarios where things don't work out, but that is actually also the case in the world we live in now. If Bitnation gets a lot of adoption the system will mature quickly and things might work out much smoother in the future.

[Willliam]

The project concept is very interesting. Whitepaper is clear and understandable.

[Nowar]

Are you going to freeze team's tokens for a while? For how long? Several months or longer?

[22naru]

The project concept is very interesting. Whitepaper is clear and understandable.

i was surprised aswell ,how good  is write it  the whitepaper. i hope all the best for this project.

[thedon1997]

Are you going to freeze team's tokens for a while? For how long? Several months or longer?

Hey Nowar,
Yes, There is a lockup period of 50% of the tokens for a year for founders and early contributors.

[Felicisimoiii]

The project concept is very interesting. Whitepaper is clear and understandable.

i was surprised aswell ,how good  is write it  the whitepaper. i hope all the best for this project.

Thank you! We appreciate it! 

[Maslate]

The project concept is very interesting. Whitepaper is clear and understandable.

i was surprised aswell ,how good  is write it  the whitepaper. i hope all the best for this project.

And I was also surprise why we are not making a good amount of collection, this project deserves a bigger contribution.
Until now, as I checked, the total collection is less than 1K eth, it deserves more by now.

[triclinics21]

When will the bitnation public sale start ?

[Sammied]

When will the bitnation public sale start ?

Hello Triclinic21, our public sale is live!!

Public sale will be live until 25.04.2018 or When hard cap is reached.

[Sammied]

Are you going to freeze team's tokens for a while? For how long? Several months or longer?

Hi Nowar, team's tokens has a one year vesting period.