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Author Topic: [ANN][ICO] Sphere - Decentralized Social Networking >200,000 users  (Read 43517 times)
biplobmbhr
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January 26, 2018, 10:22:53 AM
 #801

What is the token price now?
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January 26, 2018, 05:49:07 PM
 #802

What is the token price now?
Presale price $0.05 per 1 SAT
Ico price $0.14 per 1 SAT


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January 27, 2018, 03:13:37 AM
Last edit: February 10, 2018, 09:42:11 PM by Francewhoa
 #803

This is my review of Sphere Social. Which is at https://sphere.social

Summary: Token. Weak ethic. NOT decentralized.

The good:

• Token can be exchange for services within Sphere Social (SS). In the unlikely event that it’s successful. I do not trust and will not invest in SS though.

The bad:

• Sphere Social (SS) is NOT really fully decentralized. They try to fool you into believing that they are decentralized. To do so they use the popular word “decentralized” all over their whitepaper. In fact SS is mostly CENTRALIZED. They claim that they are decentralized because they offer reward tokens. Which they call Social Activity Tokens (SAT). Tokens are not to confuse with a full decentralized Social Network. Sorry but those are two different things. Read on for other red flags. In other words, SS are misleading and deceiving you. This shows they have a weak ethic. When most users figure this out the value of their token will crash and users will leave. To the benefit of really decentralized Social Network. Such as https://DiasporaFoundation.org or https://Minds.com


• NOT distributed. And NOT federated. Read more about the definition of distributed and federated networks at:

https://en.wikipedia.org/wiki/Distributed_social_network

https://en.wikipedia.org/wiki/Federation_(information_technology)

• Sphere tried to mislead you and deceive you into beleiving that blockchain and distributed storage are the same thing. Extract from Sphere whitepaper v1.7.4 on page 19: “a decentralized social media platform that stores multimedia and other data on a secured blockchain rather than on traditional servers.” Source at https://sphere.social/wp-content/uploads/2017/12/Sphere_Whitepaper_v1.7.4.pdf

Their claim is unethical because by definition a “blockchain” is a cryptographically secured ledger that can be permissionless and decentralized. A blockchain is NOT to confuse with a distributed storage of social multimedia and other data. In Sphere's claim above, notice that they tried to mislead you and deceive you into believing that "blockchain" and "distributed storage" are the same thing. They are not.

The above is one of the many unethical claims in the Sphere whitepaper. Did you spot the other unethical claims?

An ethical claim would be: “Sphere stores multimedia and other data on a secured decentralized storage rather than on traditional secured centralized storage. And store its SAT tokens in on a secured blockchain.” Assuming that those are their real intentions.

Maybe the Sphere founders are not familiar with the most widely recognized definition of blockchain? For investors, buyers, and users interested to not getting scam by unethical abuse of words such as “blockchain”, “decentralized”, “cryptocurrency”, “token”, a good start is to educate yourself. For example Corbett Report did an informative video about the nuances in the jargon. Very good to watch. They are good and bad crypto currencies. Educate yourself to not get scam by the bad ones. Video at https://www.youtube.com/watch?v=FkhUn7nh33Q

• Potentially NOT secure. Because the code is not available publicly. So it can not be review by the public. In other words, there is a risk of abuse. The software code is NOT open source. So weak security. And high risk of abuse by people with immature behaviors. Compare to https://DiasporaFoundation.org or https://Minds.com code which are open source and can be review by all.

• Owned by the for-profit corporation Sphere Network LTD. Which was recently created on 13 September 2017. With correspondence address at Otonomos (Uk) Ltd, 1 Fore Street, London, United Kingdom, EC2Y 9DT.

According to legal records, this for-profit corporation is controlled by only two people. They are Mr Andrew Khong and Mr Tuong Pham. 25 to 50% each. Both are residents of the USA. Source at https://beta.companieshouse.gov.uk/company/10961486

SS advertised that you are 100% in control of your content. That's false. As stated above, only two people have full controls of all your SS content, including censorship. Others have limited and partial decision-making control over your content.

This means that SS is primarily Money-Servant. Not People-Servant. In other words, Sphere is not owned by a not-for-profit community. Usually a corporation first priority is to hoard money. Not serve you and protect your privacy.

• Bad choice of name. Because there is already a Sphere Social network. That's gonna create confusion. The other network was founded in 2008 http://www.the-sphere.com

Wiki page at https://en.wikipedia.org/wiki/The_Sphere_(social_network)

• Their primary front-end website at https://sphere.social seems to be partly powered by Wordpress. As you know SS back-end software is NOT open source. But SS use the open source project Wordpress for their primary front-end website. And do NOT give credit to the Wordpress community. SS's behaviors are awkward and self-centered.

• Not friendly with United States and Singapore citizens. If you try to register they greet you with a email asking you to confirm that you’re not a citizen from those countries. Source at https://www.minds.com/media/803754670359556096
So the two owners of SS are citizens of USA, but they do not welcome other citizens of USA to use SS. That is really suspicious.

• Weak ethic. Because they tried to fool their user into believing that they are decentralized. This is false. They are primarily centralized.


How to not get scam?

A good start is to educate yourself. For example Corbett Report did an informative video about the nuances in the jargon. Such as blockchain, cryptocurrencies, and decentralize. Very good to watch. They are good and bad crypto currencies. Educate yourself to not get scam by the bad ones. Video at https://www.youtube.com/watch?v=FkhUn7nh33Q


I wrote my review as a volunteer. Which was not paid by Minds, Diaspora, or anyone.

- - -
Are your tired of censorship with Facebook, YouTube, Twitter? You might be interested in the censorship-free and open source Minds at https://www.minds.com/register;referrer=Francewhoa
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January 29, 2018, 05:16:19 PM
 #804

Sphere is one of the best decentralized social network so far

https://steemit.com/sphere/@doviethoang/why-should-you-invest-in-sphere-decentralized-social-network
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January 29, 2018, 05:35:52 PM
 #805


 They try to fool you into believing that they are decentralized. To do so they use the popular word “decentralized”. In fact SS is primarily CENTRALIZED. They claim that they are decentralized because they offer reward token. Tokens are not to confuse with a decentralized Social Network. Sorry. I mean all content posted to SS is centralized, and fully control by ONE for-profit corporation. In other words, SS are misleading and deceiving you. This shows they have a weak ethic. When most users figure this out the value of their token will crash and users will leave.


https://www.minds.com/register;referrer=Francewhoa

I feel like you are fundamentally misunderstanding what stage of development the company is in, and even what the purpose of an ICO is.

Sphere is not yet decentralized.  We are not trying to fool anyone about that.  We don't "claim we are decentralized because we offer a reward token"- that doesn't even make any sense.  

We have a plan to put our social network- which is only in beta right now, so people can try it out and get used to the interface- on the blockchain and make it decentralized.  To do that, we need money.  To raise the money, we have created the Social Activity Token (SAT), a new form of digital currency designed to be used within Sphere – to connect people online for advertising, finding, sharing, buying, selling, and trading products and services.  

 You write the words "for profit" as if they were some sort of crime.  Maybe someday this world will be a socialist paradise where all our governments are handing out that sweet universal income.  Alas, until that day we all still have to make a buck and feed our families,  and Sphere Social wants to share the profit with our users. We  will use the proceeds of the ICO to decentralize, improve, and add features to Sphere Social.   Hopefully, SAT will increase in value due to the features we add, since they will include ways to use the token. This would benefit both the company and the token holders.   Read our whitepaper- we will give users the choice of whether or not to sell their personal data and which parts to sell- and if they do sell it, they get a portion of any profit we make on it.

Open-source has its place, and it's certainly fun for those working on it, but there are benefits to not being open-source as well- namely fast, organized decision-making, and being able to pay the experts we need to make the code work, rather than just hoping someone will come along with the expertise needed.  

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January 30, 2018, 06:55:59 AM
 #806

xopoшaя идeя, нaдeюcь вce y вac пoлyчитьcя, yчaвcтвyю в вaшeй кoмпaнии,  Пoжaлyйcтa пoвнимaтeльнeй oтнocитecь к paбoтe пapтнepoв, ктo тo вклaдывaeт дeньги, ктo тo cвoe вpeмя для пoмoщи в пpивлeчeнии вaм инвecтopoв,   кaк вы знaeтe вpeмя нeвocпoлняeмый pecypc, и нaдo yвaжaть дpyг дpyгa.

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January 31, 2018, 04:53:09 PM
 #807

at the end of the ico the sat will appear on mew tokens or will I have to add custom token?On my ether wallet
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February 01, 2018, 10:15:45 AM
 #808

the good project, i joined the telegram group
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February 05, 2018, 10:18:19 AM
 #809

 i hope this project success and have great team.keep following this ,such a good idea have a good invest in here Wink
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February 07, 2018, 01:16:36 PM
 #810


 They try to fool you into believing that they are decentralized. To do so they use the popular word “decentralized”. In fact SS is primarily CENTRALIZED. They claim that they are decentralized because they offer reward token. Tokens are not to confuse with a decentralized Social Network. Sorry. I mean all content posted to SS is centralized, and fully control by ONE for-profit corporation. In other words, SS are misleading and deceiving you. This shows they have a weak ethic. When most users figure this out the value of their token will crash and users will leave.


https://www.minds.com/register;referrer=Francewhoa

I feel like you are fundamentally misunderstanding what stage of development the company is in, and even what the purpose of an ICO is.

Sphere is not yet decentralized.  We are not trying to fool anyone about that.  We don't "claim we are decentralized because we offer a reward token"- that doesn't even make any sense.  

We have a plan to put our social network- which is only in beta right now, so people can try it out and get used to the interface- on the blockchain and make it decentralized.  To do that, we need money.  To raise the money, we have created the Social Activity Token (SAT), a new form of digital currency designed to be used within Sphere – to connect people online for advertising, finding, sharing, buying, selling, and trading products and services.  

 You write the words "for profit" as if they were some sort of crime.  Maybe someday this world will be a socialist paradise where all our governments are handing out that sweet universal income.  Alas, until that day we all still have to make a buck and feed our families,  and Sphere Social wants to share the profit with our users. We  will use the proceeds of the ICO to decentralize, improve, and add features to Sphere Social.   Hopefully, SAT will increase in value due to the features we add, since they will include ways to use the token. This would benefit both the company and the token holders.   Read our whitepaper- we will give users the choice of whether or not to sell their personal data and which parts to sell- and if they do sell it, they get a portion of any profit we make on it.

Open-source has its place, and it's certainly fun for those working on it, but there are benefits to not being open-source as well- namely fast, organized decision-making, and being able to pay the experts we need to make the code work, rather than just hoping someone will come along with the expertise needed.  


Thanks for the explanation. I came across here and be happy to see such a honest answer Smiley

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February 07, 2018, 01:17:21 PM
 #811

With over 250k users, I'm rather positive this project could be a changer. The big competitor is banning crypto related ads: are they preparing their own crypto currency?
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February 07, 2018, 01:18:46 PM
 #812

What is the token price now?
Presale price $0.05 per 1 SAT
Ico price $0.14 per 1 SAT

Very big difference. What is the percantage of the tokens will sell on presale? And also are there any locking period for buyers on presale?

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February 07, 2018, 01:28:57 PM
 #813

What is the token price now?
Presale price $0.05 per 1 SAT
Ico price $0.14 per 1 SAT

Very big difference. What is the percantage of the tokens will sell on presale? And also are there any locking period for buyers on presale?


That's indeed a massive difference between presale and ICO. Is there also a tiered structure during the ICO or is it all $0.14?


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king_of_alts
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February 07, 2018, 02:03:12 PM
 #814

What is the token price now?
Presale price $0.05 per 1 SAT
Ico price $0.14 per 1 SAT

Very big difference. What is the percantage of the tokens will sell on presale? And also are there any locking period for buyers on presale?


That's indeed a massive difference between presale and ICO. Is there also a tiered structure during the ICO or is it all $0.14?

How do you calculate $0.05?
According to https://sphere.social/de/presale/ there's different prices.
PS92
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February 07, 2018, 02:04:22 PM
 #815

wow sphere community keeps on increasing  and it is very good in value anyway Can someone explain what makes Sphere different than Datum?

What is the size of the community?

CryptoCutie
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February 07, 2018, 02:05:13 PM
 #816

What is the token price now?
Presale price $0.05 per 1 SAT
Ico price $0.14 per 1 SAT

Very big difference. What is the percantage of the tokens will sell on presale? And also are there any locking period for buyers on presale?


That's indeed a massive difference between presale and ICO. Is there also a tiered structure during the ICO or is it all $0.14?

How do you calculate $0.05?
According to https://sphere.social/de/presale/ there's different prices.

maybe with the 60% or 70% Bonus fpr Big Investors Smiley
webwakko
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It's all about the cryptocoins


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February 07, 2018, 02:15:37 PM
 #817

If this project is aiming at the same kind of usage as facebook, they will have a big compatitor on the market.
If facebook does not join the cryptoworld like this project does, it has a change to survive... be honest... we are already a lot of years using facebook and I think it is time for the next level in social media.
I saw another user commenting on the part that Sphere is not Decentralized, well... depends on where the data is stored.. if we think about the blockchain technology, then yes, the data is stored decentralized.
Maybe the platform itself is not decentralized, but I don't think it's meant to be... Don't forget that everything in the blockchain is there to stay forever, not possible to alter in any way...
So... going to follow this project from up close and hope they make it happen Smiley

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Axcel-m
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February 07, 2018, 02:20:14 PM
 #818

What is the token price now?
Presale price $0.05 per 1 SAT
Ico price $0.14 per 1 SAT

Very big difference. What is the percantage of the tokens will sell on presale? And also are there any locking period for buyers on presale?


That's indeed a massive difference between presale and ICO. Is there also a tiered structure during the ICO or is it all $0.14?

How do you calculate $0.05?
According to https://sphere.social/de/presale/ there's different prices.

maybe with the 60% or 70% Bonus fpr Big Investors Smiley

Hopefully there are no people just buy a high amount with 70% bionus to sell it fast.
Normally the project try to avoid this.
jonnytracker
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February 07, 2018, 02:20:28 PM
 #819

good to see you have a working app of Sphere in android playstore . This will be in my watchlist  Cool
CryptoCutie
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February 07, 2018, 02:23:28 PM
 #820

If this project is aiming at the same kind of usage as facebook, they will have a big compatitor on the market.
If facebook does not join the cryptoworld like this project does, it has a change to survive... be honest... we are already a lot of years using facebook and I think it is time for the next level in social media.
I saw another user commenting on the part that Sphere is not Decentralized, well... depends on where the data is stored.. if we think about the blockchain technology, then yes, the data is stored decentralized.
Maybe the platform itself is not decentralized, but I don't think it's meant to be... Don't forget that everything in the blockchain is there to stay forever, not possible to alter in any way...
So... going to follow this project from up close and hope they make it happen Smiley


yes Spere have a lot of potential, there also have added Credit Card Transactions in the back-office. So that you can convert in bitcoin for invest.
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