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Author Topic: Peer-to-peer direct stock selling platform (WireStock)  (Read 43865 times)

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« Reply #225 on: November 28, 2017, 11:29 »
+1
Diamonds is quite interesting when you look at the way De Beers basically created a "tradition" of the diamond as an engagement ring and made any man (as it was in those days) feel guilty if he didn't spend a ridiculous portion of his wealth on something totally useless.

Between 1939 and 1979, De Beers's wholesale diamond sales in the United States increased from $23 million to $2.1 billion. Over those four decades, the company's ad budget soared from $200,000 to $10 million a year.


« Reply #226 on: November 28, 2017, 12:09 »
+1
Diamonds is quite interesting when you look at the way De Beers basically created a "tradition" of the diamond as an engagement ring and made any man (as it was in those days) feel guilty if he didn't spend a ridiculous portion of his wealth on something totally useless.

Between 1939 and 1979, De Beers's wholesale diamond sales in the United States increased from $23 million to $2.1 billion. Over those four decades, the company's ad budget soared from $200,000 to $10 million a year.

Yes, that is very interesting. A lot of things we grow up with and learn that they are "important" or "valuable" are nothing but very successful marketing campaigns.

From "Breakfast is the most important meal of the day", to diamonds, to Valentine's Day (and now Singles Day).

When I was in Japan I happened to be there on "Pocky Day" which happens to be a very, very successful marketing campaign for so called Pocky sticks, a type of candy.

Everyone were talking about Pocky Day and who knows how much they sold.  :)
« Last Edit: November 28, 2017, 17:07 by increasingdifficulty »

« Reply #227 on: November 28, 2017, 15:23 »
0
I agree with that I just don't agree that Bitcoin is "like" gold. The only similarity is that some people use it as a "store" of value. The differences are bigger in my view in particular Gold is a physical thing.

Gold is physical because the technology we have today wasn't invented thousands of years ago. Do you still write letters? Do you still start up your projector and load a roll of film to watch a movie?

Gold only has value because enough people say it has value. Just like Bitcoin. Just like money. Just like a gemstone. Just like a piece of art.


Why do you guys always keep dead threads on trending for so long? Gold and Bitcoin aren't terribly similar ... in event of an EMP disaster hopefully you printed out your wallet info but, unlike gold, bitcoin is quite a high yielding asset, and should continue to be for quite some time. In event of a nuclear holocaust, gold will still be a lump of rock that will be nice to look at from time to time. They're similarly volatile but, I'm sure you'd agree that your gold can't grow at a rate of even 6%-20% as a decent investment portfolio could ... and could possibly just ... ya know, half in value like it did back in 2008 ... Sure wish I'd had invested in a a few bitcoins when I first heard about it .... much better ROI than this Microstock crap. An ounce of gold is back up to ... $1,320 :/ still down ... *.

EDIT: Years wrong, it was 2013 with a 27.6% drop followed by 2 years declining another 12%
« Last Edit: November 28, 2017, 15:27 by DallasP »

« Reply #228 on: November 28, 2017, 15:35 »
+3
Why do you guys always keep dead threads on trending for so long?

Sorry if we ruined your day.

Do you have a usable list of rules that we can obey to better handle ourselves on the internet?

« Reply #229 on: November 28, 2017, 15:53 »
0
Why do you guys always keep dead threads on trending for so long?

Sorry if we ruined your day.

Do you have a usable list of rules that we can obey to better handle ourselves on the internet?

No, shove off ya hoser.

I don't really care :) there was nothing else interesting to comment on today ... it seems the internet is still on holiday vacation.

« Reply #230 on: November 28, 2017, 16:55 »
+2

From "Breakfast is the most important meal of the day", to diamonds, to Valentine's Day (and now Single's Day).

Gees, singles day? first I've heard of that... maybe a new microstock market  ;D

In all seriousness though, I have to agree with the sentiments of the original responders here. Without customers, you've got nothing. Unfortunately, I don't have many ideas beyond really good SEO and a lot of marketing dollars to AdWords, which in and of itself is a risky game.

The blockchain idea I do find interesting and I would add that it's more than just interesting, it would give a new business (and again the right customer base) an edge over existing microstock sites. Bitcoin transactions are much cheaper than credit cards and even paypal. Hell with the price of a stamp they'd be cheaper than a check too. but again as everyone here has said without customers and in this case the RIGHT customer who WANTS to use Bitcoin or any other crypto, it's pointless.

Sure wish I had studied SEO and Adwords better when I was younger, I'm trying to make up for it now but hey... hindsight is 20/20

Speaking of that 20/20 visions... I sold my coins and quite mining years ago. Back then I thought to myself it'll never go high than $300 ... then a year later $1000....   Now I'm kicking myself in the butt... few months ago when the price was like $4k I looked at it and compared prices, I'm scared to look today.

namussi

« Reply #231 on: November 28, 2017, 19:55 »
0

From "Breakfast is the most important meal of the day", to diamonds, to Valentine's Day (and now Single's Day).

Gees, singles day? first I've heard of that... maybe a new microstock market  ;D


They all happen on 11th November (11.11 is supposed to look like single people/Pocky)

China: Singles' Day - https://en.wikipedia.org/wiki/Singles%27_Day
Japan: Pocky Day - https://en.wikipedia.org/wiki/Pocky_%26_Pretz_Day
Korea: Pepero Day - https://en.wikipedia.org/wiki/Pepero_Day
(South Korea only, I presume. North is probably "celebrating" hungry thin-people day)

Singles' Day is enormous in China now. Sales are much bigger than Black Friday.

https://www.forbes.com/sites/michaelzakkour/2017/10/31/singles-day-alibabas-vision-for-the-future-of-retail/#5bb5201368e0




namussi

« Reply #232 on: November 28, 2017, 23:01 »
0

Why do you guys always keep dead threads on trending for so long? Gold and Bitcoin aren't terribly similar ... in event of an EMP disaster hopefully you printed out your wallet info but, unlike gold, bitcoin is quite a high yielding asset, and should continue to be for quite some time.

Are you sure that you mean "high yielding"? As far as I can see, Bitcoin has even lower yields than cash on deposit.

Perhaps you mean capital appreciation, which is very different.


« Reply #233 on: November 28, 2017, 23:47 »
0

Why do you guys always keep dead threads on trending for so long? Gold and Bitcoin aren't terribly similar ... in event of an EMP disaster hopefully you printed out your wallet info but, unlike gold, bitcoin is quite a high yielding asset, and should continue to be for quite some time.

Are you sure that you mean "high yielding"? As far as I can see, Bitcoin has even lower yields than cash on deposit.

Perhaps you mean capital appreciation, which is very different.

Would it not yield quite highly if you for instance invested when the cap was thought to be $100 and cashed at $1,000 ... Seems like a yield to me ... Capital appreciation and likewise, exchange rates aren't something that most people concern themselves with ...but, it quite similar in one thing being worth more or less than another. They are methods of exchange, would your goods be worth $10, or $1,000 ... if it were more desirable would it be worth more than that?

It's the same * cow, it doesn't matter what you label it.

« Reply #234 on: November 29, 2017, 02:48 »
+1
exchange rates aren't something that most people concern themselves with

I'm going to wildly assume you're American. Exchange rates aren't something that most US citizens concern themselves with.

The rest of the people of the world do. Especially if you do some investing, or, as we all do here, work online to some extent. I get paid in three to four currencies and currency fluctuations can greatly change my spendable income.

I've met a worrying amount of people who didn't even understand currency conversion, especially when the value was reasonably close, like the dollar to the euro or pound. They couldn't grasp that pricing also changed.
« Last Edit: November 29, 2017, 02:54 by increasingdifficulty »

namussi

« Reply #235 on: November 29, 2017, 04:09 »
+1

Why do you guys always keep dead threads on trending for so long? Gold and Bitcoin aren't terribly similar ... in event of an EMP disaster hopefully you printed out your wallet info but, unlike gold, bitcoin is quite a high yielding asset, and should continue to be for quite some time.

Are you sure that you mean "high yielding"? As far as I can see, Bitcoin has even lower yields than cash on deposit.

Perhaps you mean capital appreciation, which is very different.

Would it not yield quite highly if you for instance invested when the cap was thought to be $100 and cashed at $1,000 ... Seems like a yield to me ... Capital appreciation and likewise, exchange rates aren't something that most people concern themselves with ...but, it quite similar in one thing being worth more or less than another. They are methods of exchange, would your goods be worth $10, or $1,000 ... if it were more desirable would it be worth more than that?

It's the same * cow, it doesn't matter what you label it.

"Yield" means regular income from an investment, such as interest from a bond or dividend from shares. You receive money without having to cash in the investment.

What you are describing is capital appreciation. Very different.


« Reply #236 on: November 29, 2017, 04:10 »
0
.
« Last Edit: November 29, 2017, 04:12 by sharpshot »

« Reply #237 on: November 29, 2017, 04:14 »
+1
I just wish I had bought some more under 5K just 8 weeks ago :)

namussi

« Reply #238 on: November 29, 2017, 05:07 »
+2
I just wish I had bought some more under 5K just 8 weeks ago :)

You need to be more ambitious.

Why wish for that when you could instead wish that you'd bought a million dollars of bitcoin when they were worth a matter of cents back in 2010.


niktol

« Reply #239 on: November 29, 2017, 07:27 »
+1
I just wish I had bought some more under 5K just 8 weeks ago :)

You need to be more ambitious.

Why wish for that when you could instead wish that you'd bought a million dollars of bitcoin when they were worth a matter of cents back in 2010.

why wish for one million dollars, when you could wish for one hundred billion dollars?

namussi

« Reply #240 on: November 29, 2017, 08:08 »
0
I just wish I had bought some more under 5K just 8 weeks ago :)

You need to be more ambitious.

Why wish for that when you could instead wish that you'd bought a million dollars of bitcoin when they were worth a matter of cents back in 2010.

why wish for one million dollars, when you could wish for one hundred billion dollars?

I like your style.

But we must be realistic in our 20/20 hindsight. There wasn't one hundred billion dollars of bitcoin around then.

Then again, I suppose we could also wish that there had been.

niktol

« Reply #241 on: November 29, 2017, 08:28 »
0

I like your style.

But we must be realistic in our 20/20 hindsight. There wasn't one hundred billion dollars of bitcoin around then.

Then again, I suppose we could also wish that there had been.

I'd say travelling back in time is even less realistic :)

As for the style, I owe it to Dr. Evil :)

https://www.youtube.com/watch?v=jTmXHvGZiSY
« Last Edit: November 29, 2017, 08:31 by niktol »

« Reply #242 on: November 29, 2017, 21:32 »
0
exchange rates aren't something that most people concern themselves with

I'm going to wildly assume you're American. Exchange rates aren't something that most US citizens concern themselves with.

The rest of the people of the world do. Especially if you do some investing, or, as we all do here, work online to some extent. I get paid in three to four currencies and currency fluctuations can greatly change my spendable income.

I've met a worrying amount of people who didn't even understand currency conversion, especially when the value was reasonably close, like the dollar to the euro or pound. They couldn't grasp that pricing also changed.

Yes yes, sorry ... I do a ton of work online but, it's all converted for me :) so my rates don't need to change at all ... everything is in US dollars because we think we're better than everyone.

Also, "The yield is the income return on an investment, such as the interest or dividends received from holding a particular security." If you'd have invested in 2010 with the low value you could have easily yielded whatever percentage you wanted to ... of course at first growth was a bit slower.

« Reply #243 on: November 29, 2017, 21:37 »
0
The bubble will probably pop the day that I grab some. I farmed like a quarter once though. lol

« Reply #244 on: November 30, 2017, 01:31 »
0
exchange rates aren't something that most people concern themselves with

I'm going to wildly assume you're American. Exchange rates aren't something that most US citizens concern themselves with.

The rest of the people of the world do. Especially if you do some investing, or, as we all do here, work online to some extent. I get paid in three to four currencies and currency fluctuations can greatly change my spendable income.

I've met a worrying amount of people who didn't even understand currency conversion, especially when the value was reasonably close, like the dollar to the euro or pound. They couldn't grasp that pricing also changed.

Yes yes, sorry ... I do a ton of work online but, it's all converted for me :) so my rates don't need to change at all ... everything is in US dollars because we think we're better than everyone.

Also, "The yield is the income return on an investment, such as the interest or dividends received from holding a particular security." If you'd have invested in 2010 with the low value you could have easily yielded whatever percentage you wanted to ... of course at first growth was a bit slower.
This is not a finance site but not really as you are selling part of your investment to get an income which is not the same thing. Thats simply not how yield is defined.

mediamasterrace

« Reply #245 on: December 05, 2017, 23:48 »
+2
I decided to create this account so I could reply to this topic, been reading it for awhile so here goes.

The original poster was seeking opinions on a peer to peer type file sharing system for stock footage and photos based on blockchain technology. Not a bad idea because status quo is not working, fraud and theft are rampant,the middlemen are taking larger and larger pieces of the pie to cover their astronomical costs and commitments to shareholders or VC's plus there needs to be some profit left over as businesses are not in business to lose money.

I will try and contact him directly once I figure out how to better navigate this site but I hope he gets a team together, does a startup and gets funding via VC's or an ICO and I'd advise to not share everything here in a public forum as someone else might just get to it and at it before he does.


Blockchain- So many were so quick to shoot down the idea, why?, saying it will never work without doing research, studying or trying it is so old school, I'm sure many of the same people said back in the day that the internet is just a fad. It can't succeed, it will fail and never change how we do business. Come on! your are showing your age by making comments like that.

All those "experienced" stock producers claiming in an nanosecond that this will never work.  Well, is status quo working?, sales good?, making a living?, saving for retirement?, healthcare covered?. Yea I didn't think so.

I could have afforded to gamble $100 7 years ago on Bitcoin, I was selling a lot more stock footage then and has the money to play with but I wrote it off as a waste of time, a scam, virtual money?, suuuure!, might as well throw $100 out the window or buy lottery tickets, then the Mt Gox exchange collapsed and I snickered.

Well here we are today and BTC is hitting new records as I type this, will it collapse? will the exchanges collapse if everyone tries to sell at once? maybe but the .com bubble burst and that was not the end of the internet, it came back and stronger than ever for another cycle. Same could happen with crypto, there most likely will be a shakeout.

Now I get why so many were so cranky and outright dismissed the idea of using blockchain, lack of knowledge of what blockchain technology is coupled with many years of being screwed six ways to Sunday by the agencies, lower and lower earnings, stress, add it all up and there aren't many good days.

So what the heck is this blockchain technology anyways?, most people think of the "coins", Bitcoin, Ethererum, Litecoin, Monero and others, so yes there are coins that can be mined using this technology, but there is also the " underlying technology", the underlying technology that this all runs on and it's in it's infancy might like the internet was back when.

I don't know all that much about it either nor do I have the masters degree in mathematics to understand it all but I also don't know the compression ratio of each of the cylinders of my vehicles engine as I'm driving down the road losing money heading from shoot to shoot filming stuff that isn't selling.

Think of it more as a system that runs in the background, like Linux, Windows, IOS, QNX, etc and on top of that we would have a UI (user interface), right now blockchain is not user friendly and there is code involved and command lines involved and so was the case with DOS before Windows95 came out.

So now that we've gotten past "coins", what's wrong with a decentralized technology that allows us to keep our footage and photos on our own drives and servers and cut the middleman out completely? Sorry what's wrong with this idea? oh it's too complicated for buyers (customers) and sellers you say, correct, in it's present form it is too complicated and not user friendly and we still haven't figured out a UI for accepting payments and easy downloading of the files.  If you remember peer to peer/torrent there are interfaces that make this all fairly user friendly.  So a ton of work needs to be done there.

It needs to be set up in such a way that customers can download a client and using that client search up what they are looking for so we need a search engine like Napster or limewire used to be and search up those titles which reside on our servers or computers and then we need to click download but we need something that pops up and and takes payment for the files selected and directs those funds to the artists accounts.

The backbone of this system though can be blockchain, could be something else that uses AES-256bit encryption but why not use blockchain which is secure?.  Everything else out there is being hacked six ways to Sunday.

So what everyone needs to do is some serious reading on what blockchain is, how it works, learn the terminology and study study study until you understand it, not the math itself but how it works in a practical sense and how it can be applied to businesses and how user friendly UI's and clients can be created.   The UI's on both ends need to be super simple for the buyers as well as the sellers, that's a challenge with any new technology, the average person doesn't care what's under the hood.

Or as one startup leader said to us in lecture one day, when pitching, DON'T TALK ABOUT THE TECH, investors and customers don't want to know about the tech that runs in the backgroud and don't care, they want to know what this product or service does, why they would want it or need it.  It's true, when you buy a software or an app do you ask if it was coded in python or in rust?.

Want to know more about Blockchain? this is your guy! He invented Ethereum, and should you have a viable business idea that could run off Ethereum blockchain from what I've heard is he responds on twitter and email and will talk to people and put them in touch with people.

https://www.youtube.com/watch?v=66SaEDzlmP4

I can tell you what won't work, saying everything will be right if the agencies paid us more, not gonna happen, current business model is not working, massive oversupply, our profit margins too thin thanks to the cuts that the agencies need to take, so what gives? decentralized system sounds quite good at this point.





« Reply #246 on: December 06, 2017, 00:56 »
+3
We will end up being chained to the block and the 1% will make the money, it's always thus.

« Reply #247 on: December 06, 2017, 03:32 »
0
We will end up being chained to the block and the 1% will make the money, it's always thus.

Well, there are a few ways to be in the 1%:

Be born in it.
Invent the technology.
Be an early adopter.

The last method is available to most of us.

SpaceStockFootage

  • Space, Sci-Fi and Astronomy Related Stock Footage

« Reply #248 on: December 06, 2017, 03:46 »
+3
I think the general consensus from the nay-sayers is that it's virtually impossible to invent a new stock site in this day and age, that will be successful and give the big guys a run for the money... and that's without using blockchain. So adding something new into the mix on top of that... will it make it less appealing or more? It all sounds kind of promising, and I have no doubt that cryptocurrency and blockchain will be the future... but it's kind of addressing a need that nobody really had, and the average buyer of stock is probably just going to scratch their head and then navigate back to one of the regular stock sites.

Although I'll concede that nobody really had a need for the internet before it was invented... or dishwashers, microwaves, cars etc. 

And all the talk of cutting out costs seems to focus on how much the author will get, and not the buyer. I'm assuming cost savings will be passed on to the buyer to make it more appealing? Otherwise, given the choice of an image at price X using a site and process they know... and an image at price X using a site and a process they don't know, they'll probably stick with the original site. 

niktol

« Reply #249 on: December 06, 2017, 10:26 »
0
And if bitcoins don't work out you can always invest in pets

http://www.bbc.com/news/technology-42237162


 

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