Hello dev,
How much BTC raised so far?do you accept any other altcoin?
thanx

Not making the milestones of course makes me think what happens with the btcs? I mean lets say the coin goes live and first milestones are reached.
Devs get 50% of the ICO funds, but now something happens after the coin has had a little pump and many original ICO investors sold, probably at profit.
But 50% needs refunding to ICO investors, who gets the refund because the guys can go back and buy their original coins cheaper and get a refund?
I could be missing something and lets hope they want the remainding btc and it never comes to that.

Glad to see s/he helped you. It is an interesting project and cant say wont be buying some vids for them bounty hunters. i do like my movies and watch them for free anyway just not the greatest quality and gets annnoying sometimes. looking forward to seeing what you have with your beta2 next week.

Please read the OP and you will see there is no in wallet movie maker. You will have nothing to download to watch movies and that is your short version. Here is slightly longer-- http://purevidz.net/info/intro

The site will be free for anyone to use and will not require any software, addons or wallets. From a user standpoint it will function the same as something like youtube where you can simply click anything you want and it will start playing in your browser within seconds.

Premium features can be unlocked using VIDZ coins which will include: no ads, custom site skins, VIP requests for new content, alerts when tracked media is available and much more.
Users may tip those adding content to the site to encourage them or place bounties on new releases to encourage it to be added to the site.
Those who submit or review new content are given a portion of the bounty placed to reward them for keeping the site updated and to ensure all releases are of the highest quality and stability.


The site funds itself through VIP memberships, advertisements (with strict advertisement guidelines), through referrals and through product partnerships to bring our services outside of the browser (android tv boxes being a fantastic example). Funds earned by the site are split between costs of hosting/development, the dev fund allocated for viral marketing campaigns and global bounties and the remainder is put towards organized coin buyback programs.


Essentially correct yes. The wallet will be in no way required in order to watch or submit content for the website. That being said we are investigating various extended functionality for the wallet which users can optionally enable. This would be things such as optionally assigning a portion of your harddrive space and bandwidth to help seed torrents for the website in order to receive a small amount of coins. This would be an option for those who essentially wanted to 'mine' the coin in a more traditional way than a POS coin offers. I want to be clear that this is simply something we are testing and developing, I cannot guarantee it will be part of the initial release.


I'm aware the thread is getting a bit long to read through but for more detailed answers I might suggest taking a look through some of our other replies. I'd like to address some of your main concerns though.

.onion domains and TorBrowser speeds: The .onion domain will be a simplified way for users to access our database of content and our searching/tagging libraries. There is nothing stopping those users from using a traditional torrenting client once they grab the magnet link from our site. TorBrowser is considered a extreme backup for those who live in areas with extreme copyright or internet censorship laws.


Legal issues: There is nothing illegal about our site. We are offering links to indexed content the same as any search engine. While the past years have definitely shown that many countries (primarily the USA) does not care about laws and will still attempt to disrupt your service, none of the content on our site is copyright and nothing about our service breaks any laws. We will of course take every precaution to ensure the site cannot be interfered with or taken offline but it has been proven already that staying online amidst great political pressure is not an insurmountable issue.

Marketing strategy: We have many strategies planned.

Our first strategy involves bringing in as many contributors of existing torrent communities to convince them our site shows promise. When combined with the global bounty on all content submitted to our site during the beta period, it will be a 'no brainer' for them to add us to the list of sites which they submit their content to. The fact they are already releasing it to dozens of other sites benefits us greatly because it increases the reliability of these releases to ensure there will be active seeds all around the world while our site has time to grow its user base.

The second strategy involves attracting as much attention from the crypto community as possible. This means twitter and signature campaigns, press releases and generally letting users know about the coin, its features and uses and the site being developed. This is designed so that we will be able to jump start the economy of the site itself (placing bounties, testing the premium services, tipping, etc) as these users are already familiar with what cryptocurrencies are and how to use them.

The third major strategy boils down to viral marketing. Following the 1.0 release of the website (populated with content during the beta period!) we will be offering existing members of our community bounties to advertise the site in many ways. This includes facebook, twitter, youtube and forum posts advertising the service but also real world marketing including things such as bounties for printing off an approved flyer and posting it in their local community center of campus. Given the site will already be online and have tons of content from the beta period, these users will act as vectors for explosive growth in our user base.

We will of course be reaching out to various news websites, community forums and groups and writing press releases as part of each of those three strategies.

Excuse my ignorance but what on earth if a fake seeder and how can they destroy pure vidz.

No it will not be a tor network site. For those in areas with very strict internet filtering we will offer a .onion domain so that they can still access an archive of our website and its magnet links. With that data they can still use whatever torrent client they prefer to download the torrents in a traditional manner. It's simply a fallback and is not intended as a main feature of our project.


He is discussing issues with a different project, not ours.

The two projects have entirely different goals. It would be like explaining why building a house doesn't have the same issues as building a car. Both can be complex projects with fantastic results but they are not particularly related to eachother.


We are building upon our work with WebTorrent to update how the world interacts with torrents and remove the need for shady streaming sites which are so reliant on file mirrors (which fail regularly). Our goals consist of open access to torrents without needing any applications or addons installed and without having to worry about if the file you're about to access is safe or broken or incorrectly labeled.


Their project involves a wallet with built in torrent tracker functionality, chatrooms and what amounts to mining consisting of seeding resources. My initial impression is that they are trying to create a crypto based program similar to kazaa or limewire (they specifically state those two applications in their OP). Users wanting or not wanting that to be a reality is up to the masses, not us. My concern is that it retains all the 'problems' of traditional file sharing programs by requiring a specific wallet application in order to be used. I'll leave my comparison at that as it would be easy to misconstrue my statements as trash talking potential competition. I feel there is room for both projects and feel that we are attempting to accomplish very different goals.

The second demo will be made available to all users this weekend. The less issues we encounter in our internal tests the earlier in the weekend that release will be.

I have to say that the dev is really handling himself very professionally on this thread. So many other threads the devs would be cursing people or calling them stupid who ask legitimate questions or doubt the product but here he's very professional and has the good answers. Not only that but the ico only ends in January so its not like the dev is trying to make a Christmas scam and run off with the money. The more I read and think about this project the happier I am that I invested. Maybe I'll even invest a little more in the end fomo.