/biz/ - Business & Finance

>>3119558
>>3119710
>>3119763
>>3119774
>>3119818
>>3119870
Hai hai!~

I found out this morning and went onto the Obsidian Slack immediately to demand an explanation from the devs (who apparently have been dealing with the news all day).

Apparently, fluffypony meant it as a broad statement regarding ICOs in general, without realizing it that what he just said was... rather stupid.

According to the @sagemark, their marketing and businss guy:
>That was basically a knee jerk reaction from fluffy. Probably annoyed that he is being connected to an ICO (something he doesn't really believe in). That said he is truly a tech advisor and is purely involved in answering questions related to blockchain or privacy

I'll so post below some of fluffypony's attempt to clarify the situation. I'm still committed to Obsidian and will be holding it into the future, though I understand if some anons are reasonably spooked by all this. I was too!

>>3096113
Hai hai!~ I can help explain that anon-san! I'm actually pretty deep into it, so this may be a long one!

So Embermines (MBRS) is a platform helps "properly manage projects, royalties, and collaborations." It's essentially it's a platform for content creators (musicians, third party devs, artists, etc) manage and distribute whatever they make. In a weird way, it's part content distribution network (think Apple's iTunes store), part collaborative management platform (think Slack, Asana, et al), and part social media network. So in a way it's kinda like Steem, but more oriented towards helping content producers. The genius of the platform - and this is why I think it can do well - is that it solves the trust problem of distributing profits between members in long distance collaborative projects!

To give an example: suppose a 5-man (music) band wants to use Embermines. One band member (let's say the lead singer) opens up a "Project Compact" that is used to sign off on smart contracts which will equally automate and enforce royalty shares of all band members. It establishes clear ownership of the intellectual property and defines everyone's role in the project (the band).
So when this band releases their next $10 album via Embermines, the album is tethered to smart contracts tied to everyone involved in its creation (ie, the band members). When someone buys the album, the smart contracts activate, ensuring that each band member gets their 20% royalty cut automatically.

(cont)

>>3091500
I'm actually interested in Aeternity! Just didn't have the money invest in it back then.

When exactly are the tokens being traded anon-san?

>>3076201
Short-term, I'll likely be selling enough to recover what I put in (plus a bit of profit) once it passes 5x. This should happen sooner rather than later (especially if it appears on other exchanges).

I'm *hoping* for somewhere in the $0.8 to $1 range by years end. Possibly higher in the long-term, depending on usage and (more importantly) the entry of rivals. We have Kyber coming up, for example. So gotta keep an eye on that!

>>3076238
Glad you asked anon-san!

You see, MBRS is a small cap ($2.4 million, only 50 million tokens!) blockchain platform based in the US that helps properly manage projects, royalties, and collaborations, and solves the trust problem of distributing profits between members in long distance collaborative projects. They've got a big release set for October and version 1.0 release for Q1 2018. If you want to understand the full potential though, I suggest reading through their stuff and checking out the dev telegram group.

There are few other reasons. First, if you know me, you know my thesis regarding platforms: they all go up above $1 eventually. Even Lisk has managed this, despite them producing very little in months! Next, MBRS acquires other small platforms and startups
and integrates them into their ecosystem. They distribute the tokens for *those* small platforms FOR FREE. So basically, I've bene partaking in two mini ICOs just for holding MBRS! The next (and last, lastly) distribution is on September 1st for Domain tokens at a 100:1 ratio.

I'm currently holding 100,000 of these puppies. Plus around 67k or so of the first distributed token and soon 200,000 of the second token (which began distribution an hour ago).

>>3050016
To be bluntly honest, I haven't read up as much on IOC as I would like. They seem to be up to interesting stuff though! Projects that don't do marketing and are under-reported are always the ones people should keep an eye on.

Anyways, going on the little I know though (and feel free to correct me if I'm wrong or if I don't' know something), IOC's messaging system will be integrated into their wallets, right? Doesn't this mean that it won't be a standalone application?

>>3030925
Well, I think you should start with tokens that are used for platform purposes, as they are generally more liquid.

So I would say Bitcoin (as the main medium and as a platform itself once RSK comes out), Ethereum, Stratis, Waves, Lisk, Ark, Obsidian (once it finishes ICOing), Aeternity (once they're distributed, and maybe District0x (Though not a platform for dapps and ETH-specific, it is a platform for decentralized marketplaces and communities).

Sounds like a reasonable start, right?

>>3019191
Yes, anon-sempai! Obsidian is one of the more undervalued and (for some reason) unnoticed ICOs currently ongoing!

It's an entirely new C# blockchain platform based off of (but not being part of) Stratis, with a focus on privacy. Like other platforms, it'll be used to built dapps and services, though without the focus on smart contracts (which the developers believe is still a roughly unproven concept). Their first dapp (currently in beta) is an encrypted messenger that is as secure (if not more) as Signal app.

Other neat facts:
>the main developer of *Monero* is onboard as a technical advisor
>the Obsidian dev team (very friendly and reachable on slack!) is currently offering a 5% token bonus for the next few hours (I bought when the bonus was still at 20%)
>the current exchange means the token price is a low $0.08 (lower than DNT is right now)
>they're listed as "Low Risk" by ICOrating)
>they'll be announcing new services and other neat things from here to the end of the year, and have set aside a good number of tokens just for that purpose

Oh, and one last thing anon-sempai: platforms, on average, do quite well in the crypto space. They tend to end up over the $1 valuation! Think about what that means if you put in, say, $10,000 now and hold to $0.8.

>>3014584
Anon-san, I bought in at $0.02 and am planning to hold my 100k plus tokens for that long.

Let me tell you three special things~

One: evidence shows that platforms for building applications and services do well in crypto markets and tend to go over $1. Even shitty ones like Lisk! With DNT, it'll be a platform to build decentralized markets and communities, there is the potential for even more value there. Decentraland is one of the proposals and its already going to ICO (https://decentraland.org/).). Second Life in cryptoworld! With virtual real estate with fiat value!

Two: DNT still has a lot to implement, from the various modules (including the Aragon module) to the registries to the DNT power factory (read the white paper). Plus two possible additional contribution periods, to raise more money to build all this stuff.

Three: These projects don't exist in a vacuum; they're are all going to be interconnected because of Etheruem. DNT provides a platform for markets. Aragon provides governance. Civic provides identity verification. SNT provides communication. 0x Protocol provides decentralized token exchange. It goes on!

And all the projects I just listed are going to work with DNT! SNT is already in integration plan stage. DNT was built using the 0x Protocol network. Civic might very well be in the future.

We're seeing the start of a new world of liquid democracy and markets (liquid modernity), and people here and buying and selling their stake in this for temporary current solid fiat profits! Anyone with a real brain will realize that you want to *own* a chunk of liquid modernity to ascend to an even higher realm: gaseous modernity: https://medium.com/@raulsantahelena/boiling-liquid-modernity-fc21efafa719

In other words, oligarchical power.

Stop thinking small, anon-san.