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Author Topic: Wemark hows it going  (Read 18529 times)

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« Reply #50 on: April 30, 2018, 16:25 »
+1
« Last Edit: April 30, 2018, 16:58 by obj owl »


« Reply #51 on: April 30, 2018, 19:13 »
0
wemark youtube channel... https://www.youtube.com/channel/UCKIxNl0HhoTWshUnrBL70Og

just uploaded 300 pics... will see.

« Reply #52 on: May 01, 2018, 04:22 »
+4
A couple more benefits as I understand it...

It's transparent.
When a buyer buys a photo, the photographers share goes directly to them.  It isn't put in a holding pot until you've got $100, and isn't calculated in the back end (full of bugs) and then tabulated at the end of the month.  When a purchase is made, you get the money - straight forward.

Less transaction costs
Credit card and paypal fees are between 4-5% .. that's 4-5% extra that could be going to us.  Using their own coin, the transaction cost doesn't exist.

--

What would be cool in the future is if the image file had a digital signature in it. When someone scraped the image off google and used it in their blog or office document, the software would ask - have you paid for this?  We can't see your purchase on the blockchain.  Please link your purchase or click here to license the image for $4.00.  :)

namussi

« Reply #53 on: May 01, 2018, 07:00 »
0
What is new is inside the blockchain system.
You will have no more need to put your transactions in a middle centralized ledger. You can control where and when your work is used, no more thief no more search around the web
OK, please explain to me in words of one syllable how the blockchain stops thieves from lifting legitimately purchased files from the websites they were purchased for, which is how most thefts occur.

Perhaps to be fair, you should try asking that question in words of only one syllable. (Remember, you can't use the word "blockchain" as that's two syllables.)

« Last Edit: May 01, 2018, 07:38 by namussi »

« Reply #54 on: May 01, 2018, 10:59 »
+6
A couple more benefits as I understand it...

It's transparent.
When a buyer buys a photo, the photographers share goes directly to them.  It isn't put in a holding pot until you've got $100, and isn't calculated in the back end (full of bugs) and then tabulated at the end of the month.  When a purchase is made, you get the money - straight forward.

Less transaction costs
Credit card and paypal fees are between 4-5% .. that's 4-5% extra that could be going to us.  Using their own coin, the transaction cost doesn't exist.

--

What would be cool in the future is if the image file had a digital signature in it. When someone scraped the image off google and used it in their blog or office document, the software would ask - have you paid for this?  We can't see your purchase on the blockchain.  Please link your purchase or click here to license the image for $4.00.  :)

Do yourself a bit of due diligence and contact them and ask how they are going to convert play money into real $$$ that you can actually go into a real store in the real world and buy a tangible edible such as peanut butter... the reply I got was they are still working on that. The reply I got was so vague they simply will not get one pixel of imagery from me.

BTW... since when is PayPal and credit card fees 4-5%? more like 2.9%.
« Last Edit: May 01, 2018, 11:12 by Clair Voyant »

« Reply #55 on: May 01, 2018, 11:44 »
+1
convert play money into real $$$ that you can actually go into a real store in the real world and buy a tangible edible such as peanut butter...

Just as much "play money" as the credits you are used to at Fotolia.

As with all cryptocurrencies, you would have a digital wallet where they are stored, and you are free to exchange them for anything else (Bitcoin, $$$, Ethereum, etc.) at an exchange of your choice, just like with yen to dollars, or you can exchange them directly with another individual.

« Reply #56 on: May 01, 2018, 12:25 »
0
convert play money into real $$$ that you can actually go into a real store in the real world and buy a tangible edible such as peanut butter...

Just as much "play money" as the credits you are used to at Fotolia.

As with all cryptocurrencies, you would have a digital wallet where they are stored, and you are free to exchange them for anything else (Bitcoin, $$$, Ethereum, etc.) at an exchange of your choice, just like with yen to dollars, or you can exchange them directly with another individual.
" I sell pictures on Fotolia as I think their Credits system is great".....said no one.....ever.  You are right but I think the need to trade in Crypto is a significant negative...the positive is the ability to track pictures. The other is commission rate which is not really to do with whatever they are traded for.

« Reply #57 on: May 01, 2018, 13:17 »
+4
convert play money into real $$$ that you can actually go into a real store in the real world and buy a tangible edible such as peanut butter...

Just as much "play money" as the credits you are used to at Fotolia.

As with all cryptocurrencies, you would have a digital wallet where they are stored, and you are free to exchange them for anything else (Bitcoin, $$$, Ethereum, etc.) at an exchange of your choice, just like with yen to dollars, or you can exchange them directly with another individual.

So you contacted the people at Wemark and they said their "play money" is converted to $$$. They told me a few days ago that this was not possible as of yet and they would be working on that later. My understanding with Fotolia is that their "play money" is instantly converted to $$$ via Paypal or whatever payout medium you use once you meet the threshold. The universally unknown WMK is not easily converted and the need to trade in Crypto is just one more obstacle to getting your $$$. 80% of ICO are scams. I won't put a pixel into anything that is not tried, true, and tested.

« Reply #58 on: May 01, 2018, 15:59 »
0
The universally unknown WMK is not easily converted and the need to trade in Crypto is just one more obstacle to getting your $$$. 80% of ICO are scams. I won't put a pixel into anything that is not tried, true, and tested.

They offer crypto currencies to pay.
if you don't like this don't apply, where is the problem?
It's not an obstacle it's a choice.... Crypto currencies can be changed in usd or euro or whatever you want.
Every month I change my earnings I euros, so?
They are not an agency and change different coins is not their job, exactly what all (majority) of agencies do, paying in dollars. After all is up to you to change, or not?
So this is really not the point.
« Last Edit: May 01, 2018, 16:13 by derby »

« Reply #59 on: May 01, 2018, 16:46 »
+2
Page looks ok. 85% is fair. If that gives signs of real life, I'll be soon there with my best content. Bad content will be left for the ones who sell and pay my work as i it was worthless.

« Reply #60 on: May 01, 2018, 16:56 »
0
Page looks ok. 85% is fair. If that gives signs of real life, I'll be soon there with my best content. Bad content will be left for the ones who sell and pay my work as i it was worthless.

Can you point me to their Terms and Conditions?

« Reply #61 on: May 02, 2018, 00:46 »
+4
The universally unknown WMK is not easily converted and the need to trade in Crypto is just one more obstacle to getting your $$$. 80% of ICO are scams. I won't put a pixel into anything that is not tried, true, and tested.

They offer crypto currencies to pay.
if you don't like this don't apply, where is the problem?
It's not an obstacle it's a choice.... Crypto currencies can be changed in usd or euro or whatever you want.
Every month I change my earnings I euros, so?
They are not an agency and change different coins is not their job, exactly what all (majority) of agencies do, paying in dollars. After all is up to you to change, or not?
So this is really not the point.
You think when a creative in a business goes to the finance manager and says I want to buy some images in crypto it won't often be seen as an obstacle? It would be a choice if there were more than one way of paying. Absolutely the biggest point to me ...."will buyers use it?" that above everything is why agencies will succeed or fail.

namussi

« Reply #62 on: May 02, 2018, 04:14 »
0
The universally unknown WMK is not easily converted and the need to trade in Crypto is just one more obstacle to getting your $$$. 80% of ICO are scams. I won't put a pixel into anything that is not tried, true, and tested.

They offer crypto currencies to pay.
if you don't like this don't apply, where is the problem?
It's not an obstacle it's a choice.... Crypto currencies can be changed in usd or euro or whatever you want.
Every month I change my earnings I euros, so?
They are not an agency and change different coins is not their job, exactly what all (majority) of agencies do, paying in dollars. After all is up to you to change, or not?
So this is really not the point.

Cryptocurrencies are very volatile. One day you might get $8000 for your bitcoin, the next day $10k, the day after that $7.5k.

Similarly finance managers won't be sure how much the picture is going to cost in dollars (or whatever their company's accounts are in).

So it will be an issue until cryptocurrencies settle down.
« Last Edit: May 02, 2018, 04:18 by namussi »

« Reply #63 on: May 02, 2018, 06:44 »
0
The universally unknown WMK is not easily converted and the need to trade in Crypto is just one more obstacle to getting your $$$. 80% of ICO are scams. I won't put a pixel into anything that is not tried, true, and tested.

They offer crypto currencies to pay.
if you don't like this don't apply, where is the problem?
It's not an obstacle it's a choice.... Crypto currencies can be changed in usd or euro or whatever you want.
Every month I change my earnings I euros, so?
They are not an agency and change different coins is not their job, exactly what all (majority) of agencies do, paying in dollars. After all is up to you to change, or not?
So this is really not the point.

Cryptocurrencies are very volatile. One day you might get $8000 for your bitcoin, the next day $10k, the day after that $7.5k.

Similarly finance managers won't be sure how much the picture is going to cost in dollars (or whatever their company's accounts are in).

So it will be an issue until cryptocurrencies settle down.

I think you are misunderstanding their need for a cyrtocurrencies and how it may work.  They need to use one to record the blockchain transaction. They need to have their own, as opposed to others on the market, so they can control it in their own stable environment.  Therefore, they can use it as a token or credit without any fluctuations in the price.

namussi

« Reply #64 on: May 02, 2018, 07:18 »
0

I think you are misunderstanding their need for a cyrtocurrencies and how it may work.  They need to use one to record the blockchain transaction. They need to have their own, as opposed to others on the market, so they can control it in their own stable environment.  Therefore, they can use it as a token or credit without any fluctuations in the price.

Maybe I am misunderstanding, but I'm afraid your explanation didn't really clarify things :-(

niktol

« Reply #65 on: May 02, 2018, 08:36 »
+5
  Therefore, they can use it as a token or credit without any fluctuations in the price.

The question for me is not what they can do, but mostly what they will do. So far I haven't seen from them much interest in photography or other visual content. They keep talking about new technologies (if you inbreds don't understand our lingo, kindly stfu), Ethereum (of all things really important for designers), and how much money everyone will make (oooo, exciting!). Just sounds a bit fishy. But I am willing to wait and see.

« Reply #66 on: May 02, 2018, 13:48 »
0

I think you are misunderstanding their need for a cyrtocurrencies and how it may work.  They need to use one to record the blockchain transaction. They need to have their own, as opposed to others on the market, so they can control it in their own stable environment.  Therefore, they can use it as a token or credit without any fluctuations in the price.

Maybe I am misunderstanding, but I'm afraid your explanation didn't really clarify things :-(

Sorry, a bit abstract for you, I will try and cut out the shorthand and add a few words to make it more understandable.
Volatillty of their crytocurrency is not an issue.
These enterprises sprouting up all over the place using blockchain technology are after information, the sellers and the buyers and the transaction that occurs between them, if they were agencies that information flow would breakdown and be useless.  Unfortunately, for these enterprises to get that information they currently have to use crytocurrencies to record the transaction within the blockchain, which is not popular with sellers or buyers, but unavoidable it they are to gather the information they need.  The transaction could be done using any crytocurrency, but  using their own crytocurrency allows them to keep the transaction/information within their grasp.  Volatility of the currency is not an issue as the transaction is almost instant and as the crytocurrency, remains within their own little ecosystem, for now at least, there is no reason for the price to change.  Both buyer and seller get hit with a transaction fee, albeit a small one, it is an extra one.


« Reply #67 on: May 02, 2018, 14:59 »
+4
So, if this transaction is between the buyer and seller, why do they get 15%?

« Reply #68 on: May 02, 2018, 16:16 »
+1
So, if this transaction is between the buyer and seller, why do they get 15%?

Someone has to build and pay for the tech.

« Reply #69 on: May 02, 2018, 17:37 »
+4
Who is going to inspect the files?

The main reason customers buy from stock agencies is that they know they get technical quality and the legal risk is drastically mimized because editors check every individual image at 100% for logos etc...and they also read the model releases to make sure it is commercially usable.

If they have no inspection, why should I pay them any money?

The internet is full of billions of uninspected files.

Their project doest address any of the concerns customers or photographers have.

It is obviously not created by someone who understand the stock industry. I seriously doubt any of them have ever made money with stock files.

They might as well open a bakery and advertise...you can buy our bread with bitcoin!!!

So what? Who cares? Will the bread taste any better?

To me it looks like a quick money grab project. Create something connected to cryptos. Try to generate many followers...dont worry about monetizing it is all about growth...then flip it quickly to the next groupf of investors that have no clue about the industry...and cash out.

There are a lot of companies being set up like this everywhere. They are driven by the easily available investor money circling the globe.

These projects can live for a few years, until someone decides they actually have to show a real profit...aand then it dies a slow death...

I do believe that cryptos as another form of currency or payment options will be added by most agencies at some point.

I also think that blockchain technology  might be an interesting add on for new types of licenses.

But it doesnt touch the basic problem of customers - how to find the right high quality file for their projects in the sea of billions of new images uploaded globally every week.

I am sure the current investors will make some money.

But it has no influence on our industry.
« Last Edit: May 02, 2018, 22:48 by cobalt »

namussi

« Reply #70 on: May 02, 2018, 21:28 »
0

I think you are misunderstanding their need for a cyrtocurrencies and how it may work.  They need to use one to record the blockchain transaction. They need to have their own, as opposed to others on the market, so they can control it in their own stable environment.  Therefore, they can use it as a token or credit without any fluctuations in the price.

Maybe I am misunderstanding, but I'm afraid your explanation didn't really clarify things :-(

Sorry, a bit abstract for you, I will try and cut out the shorthand and add a few words to make it more understandable.
Volatillty of their crytocurrency is not an issue.
These enterprises sprouting up all over the place using blockchain technology are after information, the sellers and the buyers and the transaction that occurs between them, if they were agencies that information flow would breakdown and be useless.  Unfortunately, for these enterprises to get that information they currently have to use crytocurrencies to record the transaction within the blockchain, which is not popular with sellers or buyers, but unavoidable it they are to gather the information they need.  The transaction could be done using any crytocurrency, but  using their own crytocurrency allows them to keep the transaction/information within their grasp.  Volatility of the currency is not an issue as the transaction is almost instant and as the crytocurrency, remains within their own little ecosystem, for now at least, there is no reason for the price to change.  Both buyer and seller get hit with a transaction fee, albeit a small one, it is an extra one.

Thanks for taking the time to explain that. V helpful.

Tyson Anderson

  • www.openrangestudios.com
« Reply #71 on: May 03, 2018, 00:21 »
0
Not sure if this has been answered, but does Wemark read embedded meta data?

« Reply #72 on: May 04, 2018, 15:47 »
+1
The universally unknown WMK is not easily converted and the need to trade in Crypto is just one more obstacle to getting your $$$. 80% of ICO are scams. I won't put a pixel into anything that is not tried, true, and tested.

They offer crypto currencies to pay.
if you don't like this don't apply, where is the problem?
It's not an obstacle it's a choice.... Crypto currencies can be changed in usd or euro or whatever you want.
Every month I change my earnings I euros, so?
They are not an agency and change different coins is not their job, exactly what all (majority) of agencies do, paying in dollars. After all is up to you to change, or not?
So this is really not the point.

Cryptocurrencies are very volatile. One day you might get $8000 for your bitcoin, the next day $10k, the day after that $7.5k.

Similarly finance managers won't be sure how much the picture is going to cost in dollars (or whatever their company's accounts are in).

So it will be an issue until cryptocurrencies settle down.

No, if for instance, you buy a WMK or whatever at $1 and the next day it's price dropped to $.75 you still have invested the dollar. Spending the WMK will cost you a dollar. Similarly you could buy a couple more at the lower rate, for investment or to use as you saw fit. The more people that buy in the more perceived value and the price goes up until more "coins" are created. Which in the case of bitcoin is done through the processing of transactions.

The price that you paid for the WMK is constant, whether it loses or gains value.

« Reply #73 on: May 04, 2018, 17:05 »
+4
Yes, and if you buy a 1 coin image today with the coin you bought yesterday, you've lost $.25 instead of buying it today.  No company is going to play games like that.

« Reply #74 on: May 05, 2018, 01:13 »
+1
If your finance officer authorises buying the coin today what you get tomorrow could easily be +/- 10%. While I can imagine individuals and very small businesses indulging I can't see bigger corporates engaging in this for quite some time. How many businesses actually pay their supplier in crypto?...very very few I suspect. I think Wemark has a future but not in toppling SS. Maybe Middle tier.


 

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