[PRE-ANN][SMAC]- Social Media Coin|500k total supply|Monthly Stability Fund

[SMAC-Media]

                                                                     UPDATED to ANN: https://bitcointalk.org/index.php?topic=952083.msg10423825#msg10423825

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[najzenmajsen]

1

[Shadow_Runner]

Danm. Are you Andrej Korgun friends?  

Edit: nevermind, mistake.

[najzenmajsen]

Danm. Are you Andrej Korgun friends?   

who is andrej korgun

[Hoganye]

should add mine phase?

oh and fix format. otherwise good.

[Shadow_Runner]

who is andrej korgun

Nevermind.

[notsofast]

No dev (OK, it's a pre-ann looking for a dev, I get it, but still, your concept and ties to the community should be strong enough that you should have an interested and competent dev before announcing to the world that you are releasing, until proven otherwise, Just Another Shitcoin)
Essential component seems to be crowdfunding social media botspam which is a) at best irritating to everyone except the people making money off it b) rapidly becoming a shrinking pie towards obsolescence

Pass.

[Shadow_Runner]

Damn. 55 BTC lol.

I had idea to spread peace and want to pay some little BTC for promotion, guaranteed to return if we fail, what I did actually, but...

Here is no guarantee at all and 55 BTC. Nice.

I think every ICO/IPO or whatever from now needs a guarantee. Or at least sr/hero member well known account.
I think I did good example (not for my ego) and next devs must do the same.

Or it's another scam.

[najzenmajsen]

should've gone with Smash instead 

[Hoganye]

senior hero members sell cheap

[boxxa]

I will chime in and say you are looking at the wrong places for "no dev". This coin focuses on projects off the block chain. We are not peddling some random "new anon feature" or some other broken dream that has been posted on here a bunch of times. The block chain technology is as far as its going to get for 99% of coins out there so look at this as a asset token used for outside purposes with profit and revenue streams, not some pipe dream of a coin being the new Bitcoin.

With the different purpose, we are looking at a different sector of the market and investors than coins who are fighting over the BTC available on Bittrex for example. This is aimed at a high growth industry that has been on a uprise for years that continues to be defined. That is what we are focusing on and projects stemming from that, not smoke and mirrors with wallet features that don't have much real world use until the road map grows and develops that then requires these features to be built back into the coin and when that happens, we are more than capable of doing that.

Just putting business and energy into building a real product so don't let that small item fool you or mislead you.

[marcous]

look good ? 

[SockPuppetAccount]

I see stability fund, marketplace, assets, a whole lotta blah blah blah, a buzzword filled roadmap, and a couple of kids who look like they sprouted their first pubes last week.

[MisO69]

I will be watching this one.

Looks like it could have potential, I also know Boxxa from the Pinkcoin threads. He did some nice work on their web wallet and some other stuff.

[boxxa]

Stability fund will be in a public signed address to prove assets ready to buy back coins. Can be watched in the block chain for movement if anyone is skeptical.

[elite3000]

Keeping an eye on it

[luckykitty]

Sounds good, but isnt 500K total supply too little?

[One Six]

55 btc target... come on sheeps.

[elite3000]

Sounds good, but isnt 500K total supply too little?

low supply is good

[trade2winnn]

watching.

-trade2winnn

[CryptoTrout]

lol

"SMAC Media will immediately use 80% (or more) of the crowdfunding to purchase large social media accounts. "

What type of 'large social media accounts' will you be buying and how are you going actually make a profit off of them?  The thing about those social media accounts, if the ads produce revenue, they are not going to sell them.  

"At the end of every month SMAC Media will use 15% of revenue to buy-back SMAC on the most liquid exchange."

What is 15% of zero?

This is a non-starter.  If any of you knew how to make a profit like this, you wouldn't need our money to buy the accounts, you would just do it silently yourselves and keep all the profit.

[chesthing]

I see stability fund, marketplace, assets, a whole lotta blah blah blah, a buzzword filled roadmap, and a couple of kids who look like they sprouted their first pubes last week.

Are these high school yearbook photos?
Seriously, next time be anonymous, less is more around here.

[MichaelEvancoe]

Essential component seems to be crowdfunding social media botspam which is a) at best irritating to everyone except the people making money off it b) rapidly becoming a shrinking pie towards obsolescence

Pass.

Thankyou for pointing out these errors, the Whitepaper will be updated accordingly.

Contrary to your belief, social media marketing is only increasing in size.  Companies worldwide are dedicating more of their marketing budgets every year to social media.  As the social media user base continues to grow, so does social media marketing.

To clarify, our crowdfund will not be used for "social media botspam."  It will be used to purchase accounts similar to @UberFacts @TweetLikeaGirl @MeninistTweet etc.  These accounts and others post content their followers are interested in, and occasionally post relevant ads to generate income.

[MichaelEvancoe]

lol

"SMAC Media will immediately use 80% (or more) of the crowdfunding to purchase large social media accounts. "

What type of 'large social media accounts' will you be buying and how are you going actually make a profit off of them?  The thing about those social media accounts, if the ads produce revenue, they are not going to sell them.  

"At the end of every month SMAC Media will use 15% of revenue to buy-back SMAC on the most liquid exchange."

What is 15% of zero?

This is a non-starter.  If any of you knew how to make a profit like this, you wouldn't need our money to buy the accounts, you would just do it silently yourselves and keep all the profit.

Accounts bought using crowdfund will be similar to @UberFacts, TweetLikeaGirl, etc. 

These accounts are not cheap, oftentimes $3k+ per 100k followers.  Accounts such as TweetLikeaGirl are worth $250k+.  An account as big as UberFacts is worth over $1mm.

After account/s purchase, SMAC Media will both grow these initial accounts in addition to promoting new accounts.

[boxxa]

It is an investment coin. There is going to be uses for it but the goal is to avoid the super inflation of coins and seeing TIP 2000000000 coins = $0.000002

Development is focused on expanding and adding to the current social reach of accounts and marketing by building on them with new technologies than their typical methods. Lot more than just buying accounts for the followers remember.

[trade2winnn]

Basically this is another ReddCoin?

 

[boxxa]

Basically this is another ReddCoin?

 

Correct me if I am wrong but wasn't Redd supposed to be a social coin such as DOGE? This project is social media advertising.

[MichaelEvancoe]

Basically this is another ReddCoin?

 

While ReddCoin is focused on being a "social" coin, SMAC is specifically made for payments in the social media advertising world which are currently made through PayPal.  PayPal, while being a convenient service, has too many ways for people to scam others.  By nature, a crypto currency is much better suited to provide secure and safe payments.

[kiwifruit8]

another Scrypt crap