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Author Topic: Peer-to-peer direct stock selling platform (WireStock)  (Read 73790 times)

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namussi

« Reply #50 on: October 23, 2017, 22:09 »
+1
DAOs and blockchain networks are flat and fully transparent economic units with fully liquid cryptoassets.

We haven't had a crisis yet in the world of cryptomoney. Only then will we see just how liquid those cryptoassets prove to be.



« Reply #51 on: October 24, 2017, 01:44 »
+4
DAOs and blockchain networks are flat and fully transparent economic units with fully liquid cryptoassets.

We haven't had a crisis yet in the world of cryptomoney. Only then will we see just how liquid those cryptoassets prove to be.
They are only liquid if someone wants to buy them  ;).

« Reply #52 on: October 24, 2017, 04:01 »
0
DAOs and blockchain networks are flat and fully transparent economic units with fully liquid cryptoassets.

We haven't had a crisis yet in the world of cryptomoney. Only then will we see just how liquid those cryptoassets prove to be.
They are only liquid if someone wants to buy them  ;).

By liquidity i mean there are no restrictions based on timelines or minimum amounts to convert your earnings to cash like its the case with SS and other platforms. No arbitrary minimum payout amounts or payment cycles. Of course, the liquidity would depend on the market in case of cryptocurrencies. Thats why it is called a decentralized market. It is based on demand/ supply. More details will be provided on this in the comprehensive doc that we will share.

namussi

« Reply #53 on: October 24, 2017, 06:45 »
+3


By liquidity i mean there are no restrictions based on timelines or minimum amounts to convert your earnings to cash like its the case with SS and other platforms. No arbitrary minimum payout amounts or payment cycles. Of course, the liquidity would depend on the market in case of cryptocurrencies. Thats why it is called a decentralized market. It is based on demand/ supply. More details will be provided on this in the comprehensive doc that we will share.

It sounds like "liquidity" means something very different to you than it does to the rest of the world. What other terms are you using in bizarre ways?

ShadySue

  • There is a crack in everything
« Reply #54 on: October 24, 2017, 07:14 »
+6
In short, to fully understand the advantages of StockChain (platform we are building), it is important to be familiar with such concepts as cryptoeconomics, smart contracts, decentralized autonomous organizations (DAO) and advantages that they offer particularly with respect to marketing and building P2P marketplace networks.
<yawn>
As the Dragons would say at this point, "for that reason, I'm out"
(Do the Sharks say the same?)

« Reply #55 on: October 24, 2017, 07:41 »
+5
Yes, the Sharks say the same.

« Reply #56 on: October 24, 2017, 15:49 »
+3
I did bring up ptop, blockchain and cryptocurrency not long ago.  I do think there could be a solution that works for contributors and buyers.  I don't think marketing would be a problem if there was a way to buy and sell image licenses that was much superior to the options we have now. 

I think it will take a few years for cryptocurrency to become more mainstream and it's going to be difficult to get people interested right now, as it's currently such an alien concept to the majority of people.  Perhaps if the rumours are true and Amazon start accepting Bitcoin, it will become more mainstream?

The vast majority of people that I talk to about cryptocurrency think I'm crazy buying into it but I think they're crazy keeping all their money in fiat currencies that are dwindling in value.  It feels like when I first started using the internet and most people thought it was a fad.  I suggest everyone here should stop thinking that the sites we currently use are our only option.  I never liked Symbiostock but that doesn't mean that some smart people wont come up with something much better.
« Last Edit: October 24, 2017, 17:37 by sharpshot »

namussi

« Reply #57 on: October 24, 2017, 21:17 »
+3
The vast majority of people that I talk to about cryptocurrency think I'm crazy buying into it but I think they're crazy keeping all their money in fiat currencies that are dwindling in value.

Except that inflation is very low in major economies. If you're in a country with high inflation, it's much more sensible to shift your cash into a basket of major currencies: dollar, yen, euro. That will preserve the value of your money, and by diversifying you reduce volatility.

Cryptocurrencies are, in contrast, VERY volatile. And we haven't had a financial crisis in the West like 2007 to 2009, or in Asia during 1997, to see how they react.


« Reply #58 on: October 25, 2017, 03:59 »
+2
I started to invest into cryptos years ago. I do it because I like profit and freedom. I am looking forward to the first decentralized peer2peer stock media platform. Good luck guys.  :)

« Reply #59 on: October 25, 2017, 09:01 »
+2
The vast majority of people that I talk to about cryptocurrency think I'm crazy buying into it but I think they're crazy keeping all their money in fiat currencies that are dwindling in value.

Except that inflation is very low in major economies. If you're in a country with high inflation, it's much more sensible to shift your cash into a basket of major currencies: dollar, yen, euro. That will preserve the value of your money, and by diversifying you reduce volatility.

Cryptocurrencies are, in contrast, VERY volatile. And we haven't had a financial crisis in the West like 2007 to 2009, or in Asia during 1997, to see how they react.
I think we are in a financial crisis in the west now.  Government debts are astronomical, personal debts are at unsustainable levels.  Economies rely too heavily on consumer spending.  Ignoring the problem, raising debt ceilings and printing more money isn't fixing it.  All that does is pass a huge burden to the next generation.  Bitcoin might be volatile but its trend has been generally upwards for the last year, going from around $600 to $5,500.  It's worth $10,000 in Zimbabwe, I hope the rest of the world never sees a financial crisis like that one.

ShadySue

  • There is a crack in everything
« Reply #60 on: October 25, 2017, 09:14 »
+3
Still, while we discuss cryptocurrencies, the OP still hasn't addressed concerns about marketing.

« Reply #61 on: October 25, 2017, 09:25 »
+1
Well, they're not an agency, right?  It's "peer to peer".  That means no middleman.

« Reply #62 on: October 25, 2017, 09:52 »
0
Well, they're not an agency, right?  It's "peer to peer".  That means no middleman.
Thats why there is the DAO. Try google DASH DAO that is a real example of a Decentralized Autonomous Organization in practice.

« Reply #63 on: October 25, 2017, 10:15 »
+2
Still, while we discuss cryptocurrencies, the OP still hasn't addressed concerns about marketing.

As mentioned before, we are going to post an official document in about 2 weeks that will describe the process of establishing and maintaining StockChain platform in more details. It will also go over the diminished role of the middleman in initial phases of DAO (and eventual elimination of the middleman), marketing plans, p2p trading and etc. It is not possible to describe StockChain fully in a single forum post with no diagrams and background information about blockchain and smart contracts.

Thanks again for your feedback and questions!

« Reply #64 on: October 25, 2017, 20:54 »
+2
Just again for fun: who will inspect every individual file and read the releases?

Who will inspect 1.5 million new files every single week to see if they fit the technical and legal requirements so the customer can buy them?

Where are the image inspectors in your business chain??

Who will train them?

Who will pay the lawyers to keep analysing the ongoing legal changes worldwide in the image market?

« Reply #65 on: October 25, 2017, 21:07 »
+1
Im open minded enough to see what the plan is when it gets pit on paper.

I beleive all contributers would love to see someone develop a paraadigm shift in this industry, one that would be different,inique and a pleasant change for contributers

« Reply #66 on: October 26, 2017, 00:30 »
0
Just again for fun: who will inspect every individual file and read the releases?

Who will inspect 1.5 million new files every single week to see if they fit the technical and legal requirements so the customer can buy them?

Where are the image inspectors in your business chain??

Who will train them?

Who will pay the lawyers to keep analysing the ongoing legal changes worldwide in the image market?
Im assuming this will be down to sellers just like if you ran your own site. I guess we will find out soon enough

« Reply #67 on: October 26, 2017, 00:32 »
0
Im open minded enough to see what the plan is when it gets pit on paper.

I beleive all contributers would love to see someone develop a paraadigm shift in this industry, one that would be different,inique and a pleasant change for contributers
Yes I'm a natural skeptic hence my negative seeming comments but if it works then it could benefit.

« Reply #68 on: October 26, 2017, 01:20 »
+2
If we self inspect, then it is no different then selling via photoshelter, your own webshop etc...it will have no cumulative power, because the buyer does not benefit from a base standard over all files.

It then makes no difference wether you pay via a cryptocurrency, or paypal or credit card.

You add another currency to your webstore...so...how does that improve the quality of your files for the customer?

It doesnt.

Will adding a cryptocoin payment option bring in customers who you couldnt reach before?

That is the only maybe...if you only accept payments in dollars,,but now add euros...but in practise paypal and credit card companies solve the currency thing for you.

If cryptocurrencies go mainstream, you will be able to use them via paypal or credit cards.

So...where is the benefit for the customer?

How does it improve our files?

« Reply #69 on: October 26, 2017, 01:43 »
0
If we self inspect, then it is no different then selling via photoshelter, your own webshop etc...it will have no cumulative power, because the buyer does not benefit from a base standard over all files.

It then makes no difference wether you pay via a cryptocurrency, or paypal or credit card.

You add another currency to your webstore...so...how does that improve the quality of your files for the customer?

It doesnt.

Will adding a cryptocoin payment option bring in customers who you couldnt reach before?

That is the only maybe...if you only accept payments in dollars,,but now add euros...but in practise paypal and credit card companies solve the currency thing for you.

If cryptocurrencies go mainstream, you will be able to use them via paypal or credit cards.

So...where is the benefit for the customer?

How does it improve our files?
As I said I'm a sceptic but if a large number of customers see this as a "go to" site then thats the benefit ....hence the concern about marketing spend. I don't really understand all the block chain stuff  so will await to see what eventually emerges.

SpaceStockFootage

  • Space, Sci-Fi and Astronomy Related Stock Footage

« Reply #70 on: October 26, 2017, 01:52 »
+2
I'm very sceptical, but I'll look forward to reading the report. I appreciate this is a wild generalisation based purely on my personal experience, so I apologise if I offend anyone, but the majority of avid cryptocurrency users I've met have been stoners, futuristic hippies, digital anarchists, hackers and tin foil hat types. Not exactly my target demographic for selling stock. Although to be fair, the remainder have appeared to be just relatively normal, forward thinking tech people and investors. They were in the minority though.   

« Reply #71 on: October 26, 2017, 01:58 »
0
I'm very sceptical, but I'll look forward to reading the report. I appreciate this is a wild generalisation based purely on my personal experience, so I apologise if I offend anyone, but the majority of avid cryptocurrency users I've met have been stoners, futuristic hippies, digital anarchists, hackers and tin foil hat types. Not exactly my target demographic for selling stock. Although to be fair, the remainder have appeared to be just relatively normal, forward thinking tech people and investors. They were in the minority though.
Early adopters probably tend to be the more unconventional sometimes new stuff works sometimes it doesn't. While the report might be interesting what I'm really  waiting to see is some product...if it involves me risking any of my stoneage currency I'm out ;-). I've wasted plenty of time on other sites so happy to risk some of that! Its an odd strategy though to release all this info about what you are doing....no doubt SS etc are looking at this and considering a) What ideas they can steal b) How to strangle it at Birth.
« Last Edit: October 26, 2017, 02:06 by Pauws99 »

« Reply #72 on: October 26, 2017, 03:15 »
+3
Perhaps a percentage of the coins could be used to pay for reviewers, lawyers, marketing and anything else that's required?  All the good altcoins can be exchanged for bitcoin and that can be exchanged for dollars.  It's not much different to someone in the US being paid in euros and exchanging it for dollars.

The main problem I see is that this is all so new and the decentralised versions of eBay, Spotify, YouTube etc. aren't that impressive right now.  I think they will be in time but this is very early days.  The concept is revolutionary, not having the internet run by a few big corporations.  Having a way to compensate content providers without the huge fees to pay shareholders, investors, hedge funds etc. I think it will gather momentum, when most people can see the advantages. 

The alternative is to do nothing and watch a few big corporations take over everything and keep finding ways to make more money from us.  Was that really the way the internet was supposed to function?

namussi

« Reply #73 on: October 26, 2017, 03:21 »
0

The alternative is to do nothing and watch a few big corporations take over everything and keep finding ways to make more money from us.  Was that really the way the internet was supposed to function?

The people who create new forms of communication or help to popularise it in the early stages are often naive and idealistic, and have no idea how it will actually be used. For example, Bell thought people would use the telephone to listen to live concerts. TV pioneers thought we would use television to watch documentaries and to educate ourselves.


« Reply #74 on: October 26, 2017, 03:27 »
0
Today's' naive idealist is tomorrow's big corporation...google, apple, facebook.......I suspect modern technology makes the tendency to monopolies easier.


 

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