Benefits of Accepting Crypto + Bitcoin Donations on ...

Survey Responses Are IN!

I want to thank everyone who replied to our survey! Your feedback is extremely valuable!


Here are the results and how they're helping shape our direction.


What goals would you like to see us accomplish? What's most important to you in how this Quadriga situation ends?

This was an open-ended question and the answers varied widely (and there was definitely a lot of responses which mentioned multiple goals). Here's a summary:
The justice theme has been entirely overlooked by what we're doing. Discussing the idea on the Quadriga Uncovered Telegram group, it was determined that there was definite interest in a potential letter-writing initiative. One possibility would be sending letters to the RCMP to request the exhumation.


Is there any part of our initiative which confuses you?

Almost universally, there was no mention of any confusion.
The feedback we did receive:
Please feel free to reach out on Telegram and Reddit if there are any further questions!


Is it more important to you that we focus on (a) helping victims of Quadriga recover, (b) educating more people about Quadriga and other exchange fraud, or (c) preventing future exchange fraud events like Quadriga?

Of the first or only choice picked, 70% chose (a) helping victims of Quadriga recover, while 30% chose (c) preventing future exchange fraud events like Quadriga.
(a) was mentioned in 80% of cases, and top choice in 70%.
(b) was a second choice in 30% of cases and mentioned in 35%.
(c) was mentioned in 65% of responses and top choice in 30%.
The educational portion of our initiative was seen as the lowest value. We are floating the idea of replacing the Education goal with a separate Justice goal, which is composed of letter-writing and other advocacy to help speed up any potential criminal investigations.


What bothers you most about Canadian cryptocurrency exchanges?

The responses varied widely. Here's a selection:
There is clearly a lack of satisfaction.


Should preventing events like Quadriga focus more on regulatory reform (working with regulators) or trying to create change through setting the example on one exchange and go from there (similar to how "Tesla" has electrified vehicles)?

Overall summary:
Pressing forward on both fronts appears to make the most sense.


Would you rather have the recovery run inside of a for-profit exchange (sort of a marketing/promotion idea to push people onto a safer exchange) or as an independent group of affected users pushing for our own interests (working with the safer exchange and other businesses potentially similar to a labour union or political advocacy)?

The end result:
We will be working to run this independently, however working closely with our partner exchange as a joint project (and it is definitely a promotional tool for them).


If given the choice, would you prefer (a) $20 cash each year for 10 years (slower recovery with full choice), or (b) your choice of $200 worth of discounts on products/services that are donated by small businesses which you could use this year (faster recovery with less choices)?

60% indicated a preference for (b), and 40% had the preference for (a). There is clear interest in focusing on both, which will push the fastest and most flexible recovery.


Affected users have a liquidation option which allows non-victims to purchase their tokens on the exchange. How do you feel about charging non-victims a small fee (5 cents per token) that is split between funding the project and a pool for affected user payout?

50% expressed outright support for the idea. Below are more detailed responses and comments:
At the moment this has not yet been agreed upon by the partner exchange.


Have you discussed the project with anyone else who lost funds in Quadriga? What kind of feedback are you hearing?

40% said they've discussed it. 40% have not. 20% didn't answer (or it was hard to understand). Some of the responses:


Many affected users have strong privacy concerns and shame regarding what happened to them, such that they are even hesitant to share basic details. What do you feel is the best way to build trust and openness among the affected user community?

Here are some of the replies:

Notes: Percentages rounded to the nearest 5%.


Thank you very much for everyone who took the time to respond! We will continue to study your answers as we move forward!
submitted by azoundria2 to QuadrigaInitiative [link] [comments]

Plan To Recover Our Losses


Background on the Initiative

My name is Matt. I’ve lived in Calgary my whole life, and been running businesses and programming since I was 10 years old. I’m a recent graduate of the University of Calgary in a business and computer science double major, and I currently manage the software team (6 students) at a small Calgary IoT startup. My past business experiences include running a window cleaning franchise across 6 communities, a popular concession stand, and a free web hosting service with over 10,000 clients.
I first got involved with cryptocurrency in 2017, when we had the big run up. Prior to that, I’d done a ton of research but never actually invested. While my losses in Quadriga are significant, they’re nowhere near some of the losses I’ve been hearing about. I’m fortunate to be in a “walk away” position if I so choose and I more or less did for the first week. But I couldn’t stay away. It isn’t right. Especially not now when the solution is so close and the potential impact is so significant.
Quadriga Initiative is the result of 6-7 months of on and off brainstorming, collaboration, and iteration around the central goal of recovering what's been lost.
The money is almost certainly not accessible. (I'm pretty sure it would have been found already.) We'll all get something from the bankruptcy, and I appreciate the legal team and official committee working hard on our behalf, but I fear it won't even come close to making up for what was lost. For many people - their whole life savings. It's not a very satisfying recovery. It doesn't leave anyone whole. It leaves a lot of people behind.
Without funds to pull from, any full recovery solution has to center around creating new value. Entrepreneurs and business leaders are creating value every day, and this is where the idea comes from.
We take advantage of the fact we have a large affected user community, tons of economic bargaining power, and a vast network. Many in the business community were affected, know someone who was affected, or feel horrible about what happened. My discussions with business leaders have shown that they generally desire to make this right, and businesses regularly do "goodwill" donations or gestures for marketing. The Quadriga Initiative provides a way businesses can help easily and in a "win win" way by running token-accepting promotions. We then provide a competitive framework that helps to promote businesses which make the biggest impact, highly incentivizing a faster recovery.
At this stage, everything is more or less ready. We have a primary exchange partner, a growing team of affected users, and multiple business connections. What remains is the incredibly tough challenge of creating trust and understanding among a community that's been completely devastated in the worst way. This is no easy task.
We need your help! If things don't make sense, or you still have questions, or you don't understand something, please take the time to ask and reach out! In addition to commenting here, please feel free to chat with us on Telegram: https://t.me/QuadrigaInitiative



Where Does the Money Come From?

The money (value) comes out of the profit margin of businesses. Businesses normally sell a product or service at a profit over the cost of production. Instead, a business would sell the product or service at a discount (less profit), accepting tokens in place of the difference.
While this may seem generous, like the business is giving something away, it also benefits the business as well:
Once a successful marketplace is established, affected users will have a multitude of businesses where they can spend tokens and get good deals. As well, other consumers can buy the tokens at a discount (supporting affected users), then use them to save money.
The leaderboard and large affected user community give a strong advantage to businesses to participate and offer the best deals. Businesses that have recovered the most are rewarded with more people seeing their promotion (free advertising).



The Various Uses For Tokens

Our Partner Exchange: Tokens will be tradable and accepted at face value towards the trading fees on the partner exchange. A trader who wants to save money on trades can stock up on the tokens to gain a discount over other customers who don't bother. The tokens can be used towards 50%-100% of the trading fees depending on the calendar date. This means a heavy discount for affected users and is essentially a price segment for the exchange.
In addition, the primary exchange partner we have is looking into giving back a small portion (15%) of gross trading revenue towards cashing tokens. This is done to incentivize the affected user community to spread the word about the exchange.
Participating Businesses: Businesses in the community accept the tokens towards purchases to promote to Quadriga victims, supporters, and deal seekers. It functions similar to a discount, where the tokens are applied as a portion of the sale price, with a few additional advantages for the business:
Businesses sell promotions for tokens, and send the tokens to a burn address that encodes the business website URL. To further encourage business participation, a leaderboard is set up to promote those businesses which have burned the most tokens. The leaderboard is a useful place to go shopping if you have tokens. You can find businesses who take them and get the best deals. All information is on the blockchain, enabling anyone to set up a leaderboard or start accepting tokens.



Token Flow Diagram

The linked diagram is a handy visualization of the initiative and how the various parties interact:
https://www.quadrigainitiative.com/Quadriga%20Initiative%20Diagram.pdf
The complete initiative is a full marketplace, enabling the beneficial (win win) interaction of all parties and the gradual recovery of losses over time. The token supply is finite, limited by the amount of losses we can verify, and all tokens eventually get cashed for $1 worth of products/services (or primary exchange gross trading revenue) as the program runs.


Our Primary Exchange Partner

Since the primary exchange is handling validation and distributing the tokens, it's important they be trustworthy. Given the history with Quadriga, most affected users (including every member of our team) are legitimately concerned about anyone losing their funds again. This is the primary reason we've selected to work with TxQuick.


Proof of Reserves and Why It Matters

In case you missed them, so far this year we've seen 3 large scale exchange collapses:
Each one represents massive losses for those involved - hundreds and thousands of affected lives. These are real people and families at the other ends, with hopes and dreams, who worked hard for their money.
In the case of QuadrigaCX, it took the freezing of the bank accounts, the death/disappearance of the CEO, and concerted legal action to even realize it was insolvent.
Exchanges can easily continue to operate for years with whatever level of reserves they like. Third party audits are riddled with holes like:
On top of that - most exchange platforms still don't even bother to audit. Despite the warnings about storing funds on exchanges, people still do. And remember that many affected users weren't storing funds on Quadriga - they simply got stuck with no way to withdraw.
Proof of Reserves asks exchanges to:
What it doesn't prevent:
What it does prevent:
Check this link for more details on Proof of Reserves, including the full hash tree algorithm.
Despite the relative simplicity of publishing wallet keys, the vast selection of exchanges we have in Canada, and the many millions of dollars stored, not a single exchange has done so. The hash tree algorithm has existed since 2014. It's presently on one exchange (last audited in 2014).
We feel that Proof of Reserves is key to preventing future exchange collapses, which is why we are so pleased to have a primary exchange partner which will be implementing the full algorithm. While we can't control other exchanges, traders now have an option to use an exchange which proves full backing of all deposits and we hope this will encourage wider adoption and greater industry transparency.


Timeline for the Initiative

The initiative process breaks down into roughly 3 stages:
Pre-Claim Stage - We are working to save affected user balances for later validation, as well as determine if there is sufficient interest in the project. This is ongoing.
Exchange Stage - We bring the primary exchange online, and process claims. Recovery starts through exchange trading fee discounts and eventually gross trading revenue. The exchange platform is expected to launch within a few months.
Marketplace Stage - Once we have enough individuals with tokens, we bring in the first businesses from the wider community. After we have several initial businesses, the marketplace grows organically as more businesses sign up over time. This is approximately a year after launching the exchange.
Full recovery (all losses) is likely to take multiple years, anywhere from 2 to 25 years. There are a lot of factors to consider.


Verification of Claims

Accurately capturing losses is key. Businesses are interested in helping honest victims of a crime who had their money stolen from them, and not too interested in supporting any fraud. We've been working hard to make our process as easy as possible for affected users, while being as hard as possible for false claims (claiming wrong amounts, losses of others, or fake claims).


How To Sign Up

If you wish to participate, please sign up at https://www.quadrigainitiative.com/.
You can do a pre-claim to save your balance, or an email only sign up just to show interest and get the launch email.



How You Can Help

We are stronger together!


Thanks so much!
submitted by azoundria2 to QuadrigaCX [link] [comments]

Quadriga Initiative - Additional Information and Clarifications

Quadriga Initiative - Additional Information and Clarifications

Introduction / Summary

The Quadriga Initiative is an independent process where affected users and businesses in the community work together to recover losses from QuadrigaCX. An exchange (the primary exchange) will verify claims and distribute free tokens representing losses. Tokens will be accepted at the primary exchange and by participating businesses at face value. There is a white paper here with more detail:
https://quadrigainitiative.com/Quadriga%20Initiative.pdf
If you wish to participate in the Quadriga Initiative and receive free tokens representing your loss, there is a pre-claim process now open. A pre-claim uses your QCX client ID, first name as registered on the QCX platform, and a valid email address to copy your balance information and associate it with your email address.
https://quadrigainitiative.com/
Although a personal email will work, it is recommended for privacy and security to set up a new "forwarder" email account that doesn't personally identify you, with a unique password. Make sure that whatever email process you set up is one which still works to reach you in a few months time.
  • We are a community initiative which is not connected with the bankruptcy process. Participation does not impact your bankruptcy claim. You can find the official bankruptcy information on the Miller Thompson website.
  • We have taken all reasonable measures to protect our website and stored data against SQL injection. The website back-end is simple, all input is sanitized, and all access passwords are 16+ character full random. (I have a background in web hosting.)
  • There is no cost to participate and the pre-claim process takes approximately 3 minutes.
  • Please be sure to keep a copy of your bankruptcy claim paperwork for later validation!


Background on the Initiative

My name is Matt. I’ve lived in Calgary my whole life, and been running businesses and programming since I was 10 years old. I’m a recent graduate of the University of Calgary in a business and computer science double major, and I currently manage the software team (6 students) at a small Calgary IoT startup. My past business experiences include running a window cleaning franchise across 6 communities, a popular concession stand, and a free web hosting service with over 10,000 clients.
I first got involved with cryptocurrency in 2017, when we had the big run up. Prior to that, I’d done a ton of research but never actually invested. While my losses in Quadriga are significant, they’re nowhere near some of the losses I’ve been hearing about. I’m fortunate to be in a “walk away” position if I so choose and I more or less did for the first week. But I couldn’t stay away. It isn’t right. Especially not now when the solution is so close and the potential impact is so significant.
Quadriga Initiative is the result of 6-7 months of intense brainstorming, collaboration, and perpetual iteration around the central problem of how to recover what's been lost.
The money is almost certainly not accessible. (I'm pretty sure it would have been found already.) We'll all get something from the bankruptcy, but for most of us I fear it won't really make up for what was lost. For many people - their whole life savings. It's not a very satisfying recovery. It doesn't leave anyone whole. It leaves a lot of people behind.
Without funds to pull from, any full recovery solution has to center around creating new value. Entrepreneurs and business leaders are creating value every day, and this is where the idea comes from.
We take advantage of the fact we have a large affected user community, tons of economic bargaining power, and a vast network. Many in the business community were affected, know someone who was affected, or feel horrible about what happened. My discussions with business leaders have shown that they generally desire to make this right, and businesses regularly do "goodwill" donations or gestures for marketing. The Quadriga Initiative provides a way businesses can help easily and in a "win win" way by running token-accepting promotions. We then provide a competitive framework that helps to promote businesses which make the biggest impact, highly incentivizing a faster recovery.
At this stage, everything is more or less ready to launch. We have a primary exchange partner, a small team of affected users, and multiple business connections. What remains is the incredibly tough challenge of creating trust and understanding among a community that's been completely devastated in the worst way. This is no easy task.
We need your help! If things don't make sense, or you still have questions, or you don't understand something, please take the time to ask and reach out! In addition to commenting here, please feel free to chat with us on Telegram: https://t.me/QuadrigaInitiative



Where Does the Money Come From?

The money (value) comes out of the profit margin of businesses. Businesses normally sell a product or service at a profit over the cost of production. Instead, a business would sell the product or service at a discount (less profit), accepting tokens in place of the difference.
While this may seem generous, like the business is giving something away, it also benefits the business as well:
  • The business can get additional sales. Even though the profit per sale is less, the business still makes profit on those additional sales.
  • The business can find new customers. Even if a business sells a product or service "at cost" (meaning zero profit), they've established a relationship. The customer may buy other products or services in the future, or it could be part of a subscription.
  • The business is seen positively as "giving back", creating a better future, helping fraud victims, etc...
Once a successful marketplace is established, affected users will have a multitude of businesses where they can spend tokens and get good deals. As well, other consumers can buy the tokens at a discount (supporting affected users), then use them to save money.
The leaderboard and large affected user community give a strong advantage to businesses to participate and offer the best deals. Businesses that have recovered the most are rewarded with more people seeing their promotion (free advertising).



The Various Uses For Tokens

The Primary Exchange: Tokens will be tradable and accepted at face value towards the trading fees on the primary exchange. A trader who wants to save money on trades can stock up on the tokens to gain a discount over other customers who don't bother. The tokens can be used towards 50%-100% of the trading fees depending on the calendar date. This means a heavy discount for affected users and is more or less a price segment for the exchange.
In addition, the primary exchange partner we have at the moment is looking into giving back a small portion (15%) of gross trading revenue towards cashing tokens. This is done to incentivize the affected user community to spread the word about the exchange.
Participating Businesses: Businesses in the community accept the tokens towards purchases to promote to Quadriga victims, supporters, and deal seekers. It functions similar to a discount, where the tokens are applied as a portion of the sale price, with a few additional advantages for the business:
  • It price segments. The business doesn't lose revenue on customers who would have paid full price. With a 20% discount, the business loses revenue on some customers who would have bought anyway. Nobody likes to throw away free money.
  • It can run continuously. A 20% discount running continuously would mean the perceived value of the product would just be 20% less. A promotion accepting tokens can run long-term, enabling the business to attract more customers with less effort.
  • It's a give-back play, showing the business is caring about the wider community, and maybe has a larger agenda than pure profits. (ie Trying to create a better future.)
Businesses sell promotions for tokens, and send the tokens to a burn address that encodes the business website URL. To further encourage business participation, a leaderboard is set up to promote those businesses which have burned the most tokens. The leaderboard is a useful place to go shopping if you have tokens. You can find businesses who take them and get the best deals. All information is on the blockchain, enabling anyone to set up a leaderboard or start accepting tokens.



Token Flow Diagram

The following diagram is a handy visualization of the initiative and how the various parties interact:
Quadriga Initiative Diagram
The complete initiative is a full marketplace, enabling the beneficial (win win) interaction of all parties and the gradual recovery of losses over time. The token supply is finite, limited by the amount of losses we can verify, and all tokens eventually get cashed for $1 worth of products/services (or primary exchange gross trading revenue) as the program runs.


Our Primary Exchange Partner

Since the primary exchange is handling validation and distributing the tokens, it's important they be trustworthy. Given the history with Quadriga, most affected users (including every member of our team) are legitimately concerned about anyone losing their funds again. This is the primary reason we've selected to work with TxQuick.
  • TxQuick is being developed by Ethan Burnside, who has demonstrated his integrity in 2012-2013 when he ran BTC Trading Corp. When it was shut down, he spent significant personal funds to keep it running so everyone could get their money out - likely the only time in history that an exchange shut down and everyone got their funds. You can learn more about him from his post here.
  • We've had extensive discussions on Telegram about security. Ethan is open, transparent, and extremely knowledgeable. He has invested heavily in developing a system of secure multi-sig wallets. His previous exchange was never successfully hacked. If you have any questions, Ethan is happy to answer them!
  • Ethan is strongly in favour of publishing wallet public keys. The exchange will feature a full transparency page to allow anyone to see that all funds are fully backed. In the future, a full proof of reserves will be deployed to assure all customers that their balances are represented.
  • In addition to the token validation/verification function:
    • TxQuick will be the first platform to allow buying and selling of the tokens.
    • TxQuick proposes to accept the tokens at face value towards trading fees on the exchange. Affected users can use tokens to get free or discounted trading (50%+ off).
    • TxQuick will also handle a slow token payback, enabling tokens to be exchanged 1:1 for cash over time using 15% of gross trading revenue.
  • This proposal is subject to approval by the TxQuick board. It could be changed. There is a necessary interest level from the affected user community of at least 1,000 sign-ups.
  • While it might seem like Ethan is being super generous and giving a lot away for free, again this is mutually beneficial (win win). Here are some of the benefits to the primary exchange:
    • Lots of sign-ups from affected users and, later, interested consumers, many of whom will stay to use the platform. Ethan desires to achieve a dominant position in the Canadian marketplace.
    • The token program provides an effective price segment, increasing revenue over time. (Low prices = lost profit, high prices = less customers, price segment = more profit and customers.)
    • Customers with recovered funds are likely to be more loyal and prefer the platform, and the profit share incentivizes spreading the word about the platform. (Interests are aligned.)
  • It is not required to use the primary exchange platform for trading or deposit any money. You are free to sign up, receive your free tokens, and continue trading on any other platform or just use the marketplace.


Proof of Reserves and Why It Matters

In case you missed them, so far this year we've seen 3 large scale exchange collapses:
  • QuadrigaCX
  • EZ-BTC
  • Cryptopia
Each one represents massive losses for those involved - hundreds and thousands of affected lives. These are real people and families at the other ends, with hopes and dreams, who worked hard for their money.
In the case of QuadrigaCX, it took the freezing of the bank accounts, the death/disappearance of the CEO, and concerted legal action to even realize it was insolvent.
Exchanges can easily continue to operate for years with whatever level of reserves they like. Third party audits are riddled with holes like:
  • How can they possibly know the client list they're given is legitimate and fully inclusive?
  • How can you know the funds weren't borrowed for the audit purposes?
  • How old is the report? How can you trust the auditor?
On top of that - most exchange platforms still don't even bother to audit. Despite the warnings about storing funds on exchanges, people still do. And remember that many affected users weren't storing funds on Quadriga - they simply got stuck with no way to withdraw.
Proof of Reserves asks exchanges to:
  • Publish the wallet public keys so people can see that funds are fully backed. (A satoshi test can prove ownership of those wallets.)
  • Publish a hash tree to let each customer validate that their balance is included in the total.
What it doesn't prevent:
  • Same as presently, if funds are not secured in proper multi-sig wallets or multiple exchange operators are corrupt, the funds could still be taken, up to what's stored. However, this would be immediately known to everyone instead of revealed whenever admins felt like it (or never).
  • The balances of customers who never check the hash tree could be excluded by a dishonest exchange, which wouldn't be noticed until one of those customers decided to check.
  • A dishonest exchange could still dispute the balance of a customer or arbitrarily prevent withdrawals. In this case, the customer and exchange would have to sort that out.
  • A dishonest exchange could pretend to own wallets it doesn't. A satoshi test would help with this, where the exchange operators send a small amount at a specified time.
  • While it makes things safer, it's still not a good idea to store funds on the exchange.
What it does prevent:
  • The exchange owner can't spend funds of active customers, and still claim to hold them.
    • ie QuadrigaCX, EZ-BTC
  • The exchange owner can't conceal if funds are hacked or stolen. It becomes known immediately.
    • ie Mt. Gox, Cryptopia
  • Anyone can see if the exchange is solvent before trading.
    • ie Anyone with "bad timing" using an insolvent exchange.
Check this link for more details on Proof of Reserves, including the full hash tree algorithm.
Despite the relative simplicity of publishing wallet keys, the vast selection of exchanges we have in Canada, and the many millions of dollars stored, not a single exchange has done so. The hash tree algorithm has existed since 2014. It's presently on one exchange (last audited in 2014).
We feel that Proof of Reserves is the key to preventing future exchange collapses, which is why we are so pleased to have a primary exchange partner which will be implementing the full algorithm. While we can't control other exchanges, traders now have an option to use an exchange which proves full backing of all deposits and we hope this will encourage wider adoption and greater industry transparency.


Timeline for the Initiative

The initiative process breaks down into roughly 3 stages:
Pre-Claim Stage - We are working to save affected user balances for later validation, as well as determine if there is sufficient interest in the project. This is ongoing.
Exchange Stage - We bring the primary exchange online, and process claims. Recovery starts through exchange trading fee discounts and eventually gross trading revenue. The exchange platform is expected to launch within a few months.
Marketplace Stage - Once we have enough individuals with tokens, we bring in the first businesses from the wider community. After we have several initial businesses, the marketplace grows organically as more businesses sign up over time. This is approximately a year after launching the exchange.
Full recovery (all losses) is likely to take multiple years, anywhere from 3 to 25 years. My best estimate would be 10 years, although there are a lot of factors to consider.


Verification of Claims

Accurately capturing losses is key. Businesses are interested in helping honest victims of a crime who had their money stolen from them, and not that interested in supporting any fraud. We've been working hard to make our process as easy as possible for affected users, while being as hard as possible for false claims (claiming wrong amounts, losses of others, or fake claims).
  • Our ideal verification is based on:
  • If we don't have all the information, or there are problems, claims may be limited or rejected. This is at our full discretion, along with our primary exchange partner.
  • The user balance website is available to confirm balances for a limited time. It could go offline as early as August 31st. Once it goes offline, pre-claims will no longer be possible. As no list of claimants is being published through the bankruptcy, and paperwork can easily be manipulated, larger balances will then have to be validated through the courts.
  • Anyone with a balance on Quadriga can create a pre-claim by providing:
    • Client ID and first name for the purposes of saving the total which you had.
    • An email address for a future launch announcement (which can be a forwarder).


How To Sign Up

If you wish to participate, please sign up at https://www.quadrigainitiative.com/.
You can do a pre-claim to save your balance, or an email only sign up just to show interest and get the launch email.

  • We are a community initiative which is not connected with the bankruptcy process. Participation does not impact your bankruptcy claim. You can find the official bankruptcy information on the Miller Thompson website.
  • We have taken all reasonable measures to protect our website and stored data against SQL injection. The website back-end is simple, all input is sanitized, and all access passwords are 16+ character full random. (I have a background in web hosting.)
  • There is no cost to participate and the pre-claim process takes approximately 3 minutes.
  • Please be sure to keep a copy of your bankruptcy claim paperwork for later validation!


How You Can Help

We are stronger together!
  • Get yourself to a solid level of understanding of what we are doing by asking any questions or giving any feedback if anything doesn't make sense. This is the biggest thing!
  • Send in your pre-claim or do an email-only signup. (Every sign-up helps show interest.)
  • Upvote.
  • Share on social media.
  • Let us know your ideas/thoughts!
  • Join our Telegram group. Come meet our team!
  • Help us get the word out. Tell your friends.


Thanks so much!
submitted by azoundria2 to BitcoinCA [link] [comments]

(Work in progress) RAIDEN NETWORK AND TOKEN FAQ

This is an unofficial FAQ (I am in no way connected to the developer team) and it is also a work in progress. Once the community here have helped improve it, corrected mistakes and shortened + simplified unnecessarily complicated explanations, it can hopefully be made into a new stickied post by the mods.
The idea I had behind this FAQ is to provide an FAQ that uses easy to understand language, avoids technical jargon, and provides good answers that are truthful. Ideally, anyone should be able to understand it. After reading through it, the reader should have an deep understanding of the project. It does however, at the moment, require that the reader knows about some common cryptocurrency things, like blockchain and token.
So, get going by commenting and correcting what I wrote so far, or contribute new questions and explanations!

FAQ/Useful Info

The short story behind the Raiden Network

Blockchains are great, but they have limitations. Blocks are created at limited speeds, and they have limited capacity. With today's heavy usage, one has to pay more and more to have ones transfer included within a reasonable timeframe. This makes them gradually less and less suitable for ordinary purchases, as the transfer fees rise. How can cryptocurrencies ever hope to gain mass adaptation if this continues?
Luckily, a solution exists - the Raiden Network, which allows Ethereum and all other ERC-based tokens to be transferred.
The Raiden Network works by setting up payment channels between users. Channels can connect to other channels, creating a network. So even if you just have a single open channel, you can make a transfer to anyone in the network. The speed of the transfers are nearly instant, and the costs to use the network is nearly free. The creators of the network takes no cut.
Then once a large volume of these has been added up or the channel is closed, they are added to the blockchain as a single transaction.

What is the reason behind the cost advantage of Raiden?

Blockchains are of limited capacity. The max capacity of Bitcoin was reached a long time ago, and the max capacity of Ethereum is starting to near it's maximum. Once the capacity is reached, the only way to ensure a transfer or smart contract is included is to pay more to get it on. The cost skyrockets, and Bitcoin is already at $5 dollar per transfers and rising, making it unusable for any regular payments. Raiden on the other hand can handle over 60.000 times more transfers than the Ethereum blockchain - and is basically free.
In fact, you can probably imagine transactions that are smaller in value than the transaction cost of using the blockchain. Thus Raiden opens the possibility for entire new methods of business that are simply impossible on the blockchain.

What is the reason behind the speed advantage of Raiden?

To transfer something on the bitcoin blockchain and to get it validated by later blocks, takes about 90 minutes. For Ethereum, it takes several minutes. By the time the payment completes, the value of the token used could change a lot, and the information sold might be obsolete. Imagine the internet using minutes to load each page! Meanwhile, Raiden is nearly instant. Near instant transfers will be the only acceptable standard in the emerging machine-machine information economy.

What is the reason behind the privacy advantage of Raiden?

On the blockchain, the entire world knows that Alice transfered 0.005 ETH to Bob, and the exact time of when it happened. Every transaction is communicated to every participant. This has been an reason why, for instance P2P solar power companies haven't used them - it goes against EU (and other countries) laws to publicize how much power each household is consuming. As an business or individual you generally don't care about having the entire world know each individual sale you did. Collecting everything in a payment channel and then putting the total balance on the blockchain at the end of the day is better for you.

What things are we likely to see use the Raiden Network in the future?

Anything that requires speed and low fees. Especially, it is suitable for small payments in the Internet of things, where emerging machine connectivity and info derived from them could be extended into a single global marketplace.
Furthermore, it is for example, ideally suited for the small-scale solar power industry, where you can buy and sell power at much better rates than now. Also ad companies making payouts per second of watched ads, accessing paywalled content via a 'pay as you go' model, smaller businesses or temporary/seasonal businesses that can't access VISA or just wanna avoid expensive fees.
Lastly, getting near free global transfers makes possible totally new business-models that are unfathomable right now.
The Raiden team is also building raidEX, an decentralized exchange that will be on the network.

Why will other developers build upon Raiden's Network?

The system has no fees except the ones needed to incentivize nodes in the network. They will thus have no reason to create their own network since that would be more costly and time-consuming for them.
The protocol itself is open for innovation and additions are encouraged. Already, a large number of companies have committed to using it or to build apps upon it. 3rd party developers building upon it is actively encouraged, with the Raiden team having dedicated 16% of all tokens towards funding 3rd party open source projects on the Raiden Network.

Why is the Raiden Network Token worth anything?

The RDN token is used to pay and receive the small node incentivization fees that are necessary for the network to function. Since most users won't run full nodes, but a lighter app, there will be a Light Client Gateway Service Fee for them to connect to the network through a full node. Other providers of services on the network will provide pathfinding and channel monitoring services; all of these services will need to be paid in RDN.
As the network grows, the circulation and value of the RDN token will grow, however, the network itself will not become more expensive to use, since a growing number of nodes will compete for traffic through lowering their fees.
These fees are necessary for such an network to function, because running larger full nodes has a cost in effort, bandwidth and the number of tokens locked in a channel deposit.

Does the RDN token have inflation?

No. There is an fixed quantity of 100,000,000 tokens. 50% were sold in the ICO, 16% is put in a fund for 3rd party developers, 34% is retained by brainbot, the company behind Raiden.

Is it safe to use? Can somebody steal my tokens along the way?

Transfers go from one user, to the next, to the next, until the final destination. When it is confirmed that it reached it's final destination, first then all of them become valid. So none will gain any tokens from intercepting them. Additionally, locked deposited tokens creates an large cost to cheating. So it is very safe to use.

Why does setting up an channel temporary lock tokens?

The locked tokens are security against anyone cheating or trying to take the system down - if someone is trying to attack the system they would first need an insane amount of deposits and channels to do so - and they would lose the deposits in the process. The cost to attack thus becomes much, much higher than benefits gained.
Additionally, you can think of the tokens locked as virtual mining. But instead of paying or installing a GPU, you simply gain interests on the tokens locked up. This is done through receiving fees for the node being used. The fees are very small, but once the system is used by many, it will add up. Simply put; the more channels one sets up, and the more funded they are, the more throughput there will be through your node.

What is µRaiden?

µRaiden, also called 'microRaiden', is the light client (not full node) for the Raiden Network. It is easy to set up and use, and you can use it for most things you can do on the Raiden Network. However, it is not suitable for many-to-many payment setups as it requires users to lock up tokens upfront for every potential payee. Setting up an full node is way more costly and time-consuming, thus the majority will prefer this light client.

What is this I hear about Vitalik Buterin being mad at them for holding an ICO? Is this an greedy money-grab?

Vitalik proposed that instead of holding an ICO and having a Raiden token, they could secure funding for the Raiden Network through Ethereum Foundation donations, and that other ERC-20 ICO's could dedicate their unsold token towards the Raiden Network since it's such an vital project for the future of Ethereum.
However, the Raiden Network choose an ICO to give them stable, guaranteed funding. Thus making 100% sure they can hire enough developers to complete it without relying on the goodwill of others. As they are creating an free-to-use, open network, this is entirely reasonable.
And actually, since the ICO happened, Vitalik has only made positive comments about the Raiden Network and have retweeted posts about µRaiden being live on the mainnet, as an example. There simply isn't any rivalry.

Why won't Raiden be out-competed by other projects also using payment channels?

Because of the 'Network Effect'. You can probably imagine some improvements to say, Facebook, but even if you code it, it will be unsuccessful. People already have all their friends on Facebook so they have no reason to switch. This project is the most advanced in terms of development. It started many years ago and will during 2018 roll out a lot of elements to the final network. Already now, one can use it with limited functionality. And 3rd party developers already have the code, and are building their own things upon it. The Raiden Network is simply put the first of it's kind.
By the time any other similar project starts to roll out, the Raiden Network will be well-established and there will no reason for any individuals to switch even if the features of the competing network are better. Add to that, the fees to use the network is at the absolute minimum while still providing incentives to operate nodes. Any smart developer will instead build upon Raiden, adding their improvements into apps and add-ons to the ecosystem.

Why won't Raiden be made obsolete by future Ethereum upgrades?

First let's clarify, the Raiden Network is not intended to outcompete Ethereum, but to make it better and more valuable.
Secondly, the future improvements to Ethereum such as Casper, Sharding and Proof of Stake is needed anyway to increase capacity, and are vital for Ethereum to be mass adopted by the general public. The better Ethereum works, the better for Raiden. What can be said though, is that scaling Ethereum up is hard and will take years. It is also totally unfeasible that the transaction fees and speed will be able to compete with the Raiden network.

What is known about brainbot, the company behind the Raiden Network?

They are a German tech company, founded in 2001. They have offices in Mainz, Berlin and Copenhagen. They are a founding member of the Enterprise Ethereum Alliance, have contributed to developing Ethereum itself, something they continue to do today. They have developed other private blockchains for other enterprises and hold technical training workshops for other companies who expand into the blockchain. They are also building something called the Trustlines Network, which is an network where friends that trust each other in real life can lend money to each other, while an smart contract keeps track of amounts owed.

How does the company make money from developing the Raiden Network if they get no cut of the fees?

They have already made money from the ICO, for further development purposes. Also, they hold a large percentage (34%) of the remaining tokens, and these tokens will rise in price as their use in the Raiden Network increases. This should be reassuring to the holders of the RDN token.
submitted by Jahrude to raidennetwork [link] [comments]

[Serious] Warning: quite a negative post about Dogecoin but I write because I want it to succeed

The problem I see with Dogecoin is the same that always existed, it's just that low price unmasks the real intentions of the majority of the community: to make money.
The money-making strategy of the Dogecoin community was different, such that it masked our true intentions and gained a lot of media coverage. Charities, sponsorships, giveaways, life-saving donations - all of these things are difficult to criticize and make worthy news. Precisely why they are used. How can you sit there and rag on a bunch of people who have just given thousands to house and educate homeless kids, or to help a guy back to his home country to get medical treatment, and so on. If you had criticized these noble endeavors at the time you would be seen as a grumpy, possibly sociopathic bastard. For who could argue with charity? And of course the news and bloggers are going to report on such wonderful things. It sounds like the perfect recipe for success!
The perfect recipe for those impatient young nerds absolutely kicking themselves for missing the Bitcoin gravy train, the second chance to get rich and retire on a tropical island with a beautiful oriental bride. (Or whatever your preference is.) But how could you accuse such apparently generous people of using noble endeavors charity, sponsorships, community spirit, fun etc. in order to cause Dogecoin to go viral and explode as Bitcoin did? Yet this is what was always underneath the surface, waiting to come out, and come out it did when people started to reveal their true colors in times of frustration. It was all fun, games, charity, good will and so on when the price was high, but now... people are leaving, pointing fingers, arguing, and now that it has been observed that donating to charities does not increase the price, this has slowed down significantly as well.
The USP of Dogecoin was to "make money fun", which is good and quite revolutionary, in theory, but here we are seeing that Dogecoin cannot defy the basic forces of supply/demand. Fun and goodwill (even if it were 100% genuine) cannot keep the price of anything up if people are dumping it in huge volumes and relatively little is bought in comparison. You can't just put Dogecoin on NASCAR without a way for normal people to buy it and without a reason to buy it. It's almost like the "Dogecoin price explosion plan" (aka "Bitcoin train 2.0") was crafted by the underpants gnomes:
  1. donate to charities, sports sponsorships, fun fun fun, community community, yay fellow shibe I love you fellow shibe urgh I hate those profit mongering Bitcoiners, charity, fun, memes, laughter
  2. get noticed for the aforementioned by media
  3. go viral
  4. ???
  5. price of Dogecoin increases by 100000%
Step 4 first includes the more practical things such as mining schedule and security of the coin. It also includes ways for average people (even kids and grandma) to actually buy Dogecoin when they hear about it, and at least one compelling reason which would motivate the average person to use Dogecoin over other payment methods, as well as some unique uses of Dogecoin for which it is the only payment method. The way Bitcoin is starting to be regarded as another major payment method adopted by big vendors and many small ones alike, now Doge has to match that and in fact exceed it, because why would the average person choose Doge over BTC? Step 4 is the hardest part, but it cannot be skipped. It is fanciful to think that the price of Dogecoin can increase as much as BTC did without solving the problems we face in successfully implementing step 4.
One of the founders, I forget which one, has mentioned a few times about how Dogecoin shouldn't be used in the same profit-hungry spirit as Bitcoin was. That's easy for him to say as he has a high paid tech job. A lot of people who bought into Dogecoin are not so well off. This post may seem harsh to people here, but I 100% do not judge anyone for wanting to make huge profits. I'm just mentioning something I never liked, which is concealing this fact and pretending to be whiter than white. Pretending that, deep down, all big holders of Dogecoin e.g. a few million plus don't want to get stinking filthy rich from Dogecoin when deep down they do, like any human being, and they couldn't give a shit about t-shirts, memes, and sponsorships.
People talked about NASCAR as if it would propel us to the moon based on the viewers we had, this obviously didn't happen, and many still hope that he October NASCAR race will magically light a fire under the price. It won't. Even if it gets great exposure, there is no way for that exposure to actually help Dogecoin.
Until we have proper infrastructure for the average person to buy Dogecoin, concrete reasons why the average person should use Dogecoin over fiat and places that accept Dogecoin, a picture of the doge on a car won't do jack shit. I'm sorry to be the bearer of bad news but people should get their freaking heads out of the sand. Sometimes it just reaches a certain limit of people screaming "moon!!" like a bunch of kids who don't know when to stop. Are we still going to hear "moooooon!!!" when we are at 20 satoshi, 10 satoshi, single figure satoshi? Or when, like MOONCoin, we are no longer traded in satoshi, but in "litoshi"? I fear people will only realize when it is too late.
It's like the marketing plan for Dogecoin was fumbled together by a bunch of kids with pie in the sky ideals, and no real considerations of developing Dogecoin as a legitimate currency at the very least used more widely than Bitcoin. Some people may not like this post but it is made because I am a supporter of Dogecoin, both in its initiatives and to get rich. I don't have that much faith in the latter anymore, but I still dream of it one day going to 1 cent, maybe 3 cents. I think 10 cents may be pushing it but who knows. At least I'm not afraid to admit that this is why I'm here.
inb4 "oh, you're not the type of greedy profit mongering leech we want in our community anyway" ... give me a break, we are all human and we are all selfish. Everyone wants a better life for himself and that's OK. We just have to take our heads out of the sand and find realistic, not fanciful and idealistic, ways of getting to where we want to be, so that we can all be stinking filthy rich. When you're rich, if you want to give some of it to charitable Dogecoin endeavors, cool, if you want to spend it all on drugs, hookers and an early grave, then cool as well.
inb4 "jackson palmer said this, jackson palmer said that about keeping Dogecoin lighthearted and warm and fluffy" ... well, of course jackson palmer doesn't give a shit about whether Dogecoin goes to the moon, because he is quite well off and doesn't really have a need to make his $2000 savings from his minimum wage job turn into a hundred grand or whatever. He is talking from his perspective. Everyone is free to have their own perspective, which will be different based on life situation. We have had a chinese holder of 300 million coins visit us lately. You can talk all you want about lightheartedness, but when you've sunk nearly a hundred grand into Dogecoin, or any investment, you are going to be very concerned about the price and it is going to be impossible to be lighthearted about it. And that's actually a good thing, because it is unrealistic, idealistic lightheartedness that is killing Dogecoin and driving the price into oblivion without a bottom in sight. The founders are quite well off, and have very little financial interest in Dogecoin. So of course they are going to laugh about it and say that Dogecoin should be lighthearted, used for good, for charity, for fun, and not taken seriously, as if the sun shines out of their ass or something. As if they're not human beings who don't care about how much money they've got, talking about how people who buy Dogecoin to get rich are evil profit mongering scum of the earth. It's pompous, self-righteous and plain stupid. Like I said the only reason they don't care is because they already have their money. They don't have a hundred grand in Dogecoin like that chinese guy. TL;DR screw the founders.
EDIT: I just read the following post which is saying a similar thing. Funny it was posted at around the same time as this. I am glad to see other members of the community also starting to see the truth. It's also nice to see that I am not imagining things or going mad, because when everyone is saying/doing one thing, it's so tempting to think they are correct, even if what they are saying/doing is actually not. I really liked this guy's McDonalds analogy for Dogecoin: http://www.reddit.com/dogecoin/comments/2bpipt/i_speculated_a_dump_and_called_for_a_change_in/
submitted by jb200800 to dogecoin [link] [comments]

Idea to catalyze BitcoinCash adoption: microcharity

Bitcoin was made for small payments, the unbanked in mind. Let's do first major microcharity via faucet.
Create a BCH faucet that disperses only if the browser is from certain country(s) (e.g., Venezuela, Puerto Rico, Tibet [make waves:)]). (A country that needs a solid currency and or one with particular need/demand from unbanked people with cheap Android phones.)
A few reasons why this makes sense to me in no particular order.
  1. Exclusively breeds more interest/demand.
  2. It's easily done​ imperfectly by checking the browser's IP.
  3. "But, if done by IP, then people will be able to cheat!" And if the cheating is kept < ~10%, that's perfect ;) Not an issue. Just means more buzz and demand.
  4. Great publicity. Microdonation is a major unknown strength we need to showcase.
  5. Humans love giving. Bitcoin makes giving fun and easy. Just post the public key of the faucet silo/reloader everywhere so donors can see the remaining balance, tip it (via txt or not), and see the update. The qrcode will likely make its way onto tv. Make the website display the realtime balance of the silo and the wallet address. When people donate, they instantly see their contribution's increment.
  6. People have plenty to give. I think I saw that a month's wages in Venezuela was like 30usd. As a community we can support thousands of familymonths.
  7. Suppose a shitload of BCH is collected from the faucet and coalesces at the target side into a big sum that is earmarked for shoes and blankets from a wholesaler. Would any troll vendor dare say, sorry we don't accept BitcoinCash?
  8. Technically, many cryptos could do this right now. But only BCH has the Bitcoin name and the capacity and the goodwill of people who can best imagine (remember?) how to wield Bitcoin and why.
  9. Puts the focus back on utility and fun of cash and less on price watching.
  10. You know how a lot of social apps get popular and take off in certain regions. Friendster:Philippines, photolog:Brazil, Line:Thailand, etc. If we focused on (limited to) a specific region (in this case geographical) maybe getting user density up is quite doable. There may be other ways to define a limit or community...fivr, mechanical Turks, Prize/lottery/game winnings (remember money tree? Ridiculously Simple but ridiculously popular).
  11. The faucet recipients start to use BCH between each other in their daily lives, adding txs to the chain beyond tips and speculation. That would spread to neighboring regions.
  12. It takes some coding but with a faucet, after it's done, you turn it on and walk away. From that moment hundreds or thousands interact and are introduced.
  13. Invite gambling site to allow users to earmark X% of their losses to be sent automatically as a charitable donation (credited or anonymous) to the silo wallet.
It's good to see people thinking in creative utility again (vs hodl mantra... literally helps nothing and no one.)
submitted by LuxuriousThrowAway to btc [link] [comments]

Anyone else get this EULA popping up recently?

Just noticed this for the first time today, and only read it in full after the similar issue that happened with Kerbal Space Program. The Fun Pimps Entertainment LLC – End User License Agreement
Limited Software Warranty; License Agreement, and Information Use Disclosures
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BECAUSE SOME STATES/COUNTRIES DO NOT ALLOW LIMITATIONS ON HOW LONG AN IMPLIED WARRANTY LASTS AND/OR THE EXCLUSION OR LIMITATION OF INCIDENTAL OR CONSEQUENTIAL DAMAGES, THE ABOVE LIMITATIONS AND/OR EXCLUSION OR LIMITATION OF LIABILITY MAY NOT APPLY TO YOU. THIS WARRANTY SHALL NOT BE APPLICABLE SOLELY TO THE EXTENT THAT ANY SPECIFIC PROVISION OF THIS WARRANTY IS PROHIBITED BY ANY FEDERAL, STATE, OR MUNICIPAL LAW, WHICH CANNOT BE PRE-EMPTED. THIS WARRANTY GIVES YOU SPECIFIC LEGAL RIGHTS, AND YOU MAY HAVE OTHER RIGHTS THAT VARY FROM JURISDICTION TO JURISDICTION.
TERMINATION: This Agreement is effective until terminated by you, by the Licensor, or automatically upon your failure to comply with its terms and conditions. Upon any termination, you must destroy or return the physical copy of Software to the Licensor, as well as permanently destroy all copies of the Software, accompanying documentation, associated materials, and all of its component parts in your possession or control including from any client server or computer on which it has been installed.
U.S. GOVERNMENT RESTRICTED RIGHTS: The Software and documentation have been developed entirely at private expense and are provided as “Commercial Computer Software” or “restricted computer software.” Use, duplication or disclosure by the U.S. Government or a U.S. Government subcontractor is subject to the restrictions set forth in subparagraph (c)(1)(ii) of the Rights in Technical Date and Computer Software clauses in DFARS 252.227-7013 or as set forth in subparagraph (c)(1) and (2) of the Commercial Computer Software Restricted Rights clauses at FAR 52.227-19, as applicable. The Contracto Manufacturer is the Licensor at the location listed below.
EQUITABLE REMEDIES: You hereby agree that if the terms of this Agreement are not specifically enforced, Licensor will be irreparably damaged, and therefore you agree that Licensor shall be entitled, without bond, other security, proof of damages, to appropriate equitable remedies with respect any of this Agreement, in addition to any other available remedies.
INDEMNITY: You agree to indemnify, defend and hold Licensor, its partners, licensors, affiliates, contractors, officers, directors, employees and agents harmless from all damages, losses and expenses arising directly or indirectly from your acts and omissions to act in using the Software pursuant to the terms of the Agreement.
MISCELLANEOUS: This Agreement represents the complete agreement concerning this license between the parties and supersedes all prior agreements and representations between them. It may be amended only by a writing executed by both parties. If any provision of this Agreement is held to be unenforceable for any reason, such provision shall be reformed only to the extent necessary to make it enforceable and the remaining provisions of this Agreement shall not be affected.
GOVERNING LAW. This Agreement shall be construed (without regard to conflicts or choice of law principles) under the laws of the State of texas, as such law is applied to agreements between Texas residents entered into and to be performed within Texas, except as governed by federal law. Unless expressly waived by Licensor in writing for the particular instance or contrary to local law, the sole and exclusive jurisdiction and venue for actions related to the subject matter hereof shall be the state and federal courts located in Licensor’s principal corporate place of business (Collin County, texas, U.S.A.). Both parties consent to the jurisdiction of such courts and agree that process may be served in the manner provided herein for giving of notices or otherwise as allowed by Texas state or federal law. The parties agree that the UN Convention on Contracts for the International Sale of Goods (Vienna, 1980) shall not apply to this Agreement or to any dispute or transaction arising out of this Agreement.
IV. VIDEO MONETIZATION AND AD REVENUE Anyone who has purchased or has received a gift or press release copy of the game has permission or rights to receive ad money or to monetize their video work on Youtube, TwitchTV or other video channels and mediums.
V. EASY ANTI CHEAT Licensor is using EasyAntiCheat anti-cheat service (“EasyAntiCheat”), which is operated by a third-party service provider offering services to Licensor. EasyAntiCheat has a client software (“Client”) that is integrated into the Software. When you start a new game session the Client will automatically load and install its latest version to the gaming unit. When you are using the Software on your gaming unit EasyAntiCheat is monitoring the gaming unit, analyzing the Software binaries and scanning the memory of the gaming unit for the purpose of detecting and preventing cheating in the Software (“Purpose”). For the Purpose EasyAntiCheat is storing information regarding cheating methods used in the Software (“Data”). By installing, copying, or otherwise using this Software, you give your consent that EasyAntiCheat may gather, store and publish Data for the sole purpose of the Purpose. The Data will be used solely for the Purpose including but not limited to identifying and banning players who are cheating in computer games, analyzing cheating behavior and cheating codes as well as sharing data about cheats with affiliates of EasyAntiCheat.
VI. SERVER DONATIONS Anyone who has purchased or has received a gift or press release copy of the game has permission to receive server donations from players. Server owners MAY NOT charge hard currency (tangible money such as cash, credit, bitcoin, etc. that has monetary value) for soft currency (in game currency that has no monetary value) or in game items. Server owners MAY allow priority access to players that make a donation.
IF YOU HAVE ANY QUESTIONS CONCERNING THIS LICENSE, YOU MAY CONTACT IN WRITING
The Fun Pimps Entertainment LLC. 906 W. McDermott Drive Suite 116-208, Allen TX, 75013
TLDR: while you may get ad revenue and server donations for the game, any mods or videos created for the game can be used without contacting the original creator, or even compensating them.
submitted by Kaneharo to 7daystodie [link] [comments]

Of Wolves And Weasels - Day 192 - Guest Post: The Spirit Of Giving

Hey all! GoodShibe... on Vacation (sort of)!
Please enjoy this post by Guest Writer lepaperbag and tip them well ;D)
Note: To tip them directly: +dogetipbot @lepaperbag xxx doge verify
The internet could be compared to a desert. It's vast. REALLY vast, and crawling through it can sometimes be really depressing and tiring. However, every so often, you will find an oasis. Sometimes, these oases just appear as a mirage, and instead just make up yet another part of the desert. This dogecoin community however, is not just an oasis; it's a darn tropical paradise.
Let me ask you this question: What is a random act of doge? How would you describe it?
For me, a random act of doge is an act of kindness, goodwill and charity.
It is my pleasure to say that I see this every day, here in /dogecoin, from people all over the planet.
How cool is that!? Shibes from all over the world, donating to charities and each other, for the most awesome (and on occasion the silliest) causes.
That is something to be hugely proud of.
I find myself more than ever, donating to charity collectors outside my local shop. In the past, I never gave them a second glance. Thanks to dogecoin however, I see donating in a whole different light.
I would hope you see it in that way too, for believe it or not, we have a great influence on how people see the spirit of giving.
Sure, while my dogecoin tip of 100 doge may be insignificant in monetary value, I am still filled with that sense of pride that I have donated something to another. It is infectious. It is glorious.
Just take a look over at bitcoin, more and more we see them donating and sponsoring events. Perhaps we have inspired them? Perhaps, we have set an awesome standard for others to follow.
That, my fellow shibes, it what has made us such a great community.
Yes, boosting the coin and businesses that accept it are hugely important too, but our goodwill and kind spirits have helped uplift us in times of chaos, and most importantly, helped others as well.
Of course, our rocket needs fuel, but there are other rockets out there which need that extra helping hand to get them off the ground, and we can provide.
Look back at all the good we have done for others, we have provided a better way of life, schooling, shelter, water, and so much more.
WE did that.
Sure, some of us may have donated tiny amounts compared to others, but we ALL donated. From all over the world we can hold our heads high, and say:
I was a part of that. I made someone else’s life that more meaningful.
So as we continue ever onwards to our goal of the moon, never lose this attitude /dogecoin.
For by continuing our endeavours to help others, we not only help the image of dogecoin, we help ourselves.
Visit this subreddit and smile, knowing that you are doing your part. Feel GOOD, as sometimes others just need that little bit of kindness to brighten their day, and it could be you who provides it.
Whether we are valued at 1 satoshi or 1000, an act of charity, will always be an act of charity.
1 random act of doge, will always equal 1 random act of doge.
This is where we stand, looking up towards the moon. We will make it, one way or another, hand in hand, paw in paw. Be it in a year, or one hundred years, we will look back at what we have done here and beam from ear to ear.
I know I am, and always will.
So keep smiling, and maintain that wonderful spirit of giving /dogecoin, we all know too well the world needs it.
It's 9:00AM EST and we've found 87.73% of our initial 100 Billion DOGEs -- only 12.27% remains until our period of Hyper-inflation ends! Our Global Hashrate is down from ~45 to ~52 Gigahashes per second and our Difficulty is up from ~600 to ~790.
I Hope you enjoyed today's Guest Post by lepaperbag!
Note: To tip them directly:
+dogetipbot @lepaperbag xxx doge verify
GoodShibe
PS:
  • There's a cool coin design competition going on right now over here - please take a moment to pop by and vote for your favorite!
  • Also, conjunctionjunction1 is looking for some help trying to put together a Doge-themed prize-pack for a Cat Rescue silent auction/ wine tasting event. Can you please pop by and offer some advice on what they should include?
submitted by GoodShibe to dogecoin [link] [comments]

Comparison of fundraisers with token rewards: Cosmos, Rchain, Agoras (Tau-Chain), Ethereum (Classic), Ripple, BitShares/Steem, Nextcoin

This site www.icocountdown.com claims to know the dates of these cryptocurrency fundraisers including:
Cosmos looks better than these other projects. Tendermint has been running some version of the Ethereum Virtual Machine with Eris DB for a long time.
Cosmos fundraiser has no mention of payment methods, only prices in USD, suggesting that an oracle will be required if Bitcoin payments are to be allowed, and/or payment processors may deny payments (as they often do for prepaid "credit cards") or they will have to re-open sales/issuance after the deadline which is a betrayal of the other buyers. Will there be (government) records of all those who buy the atom tokens? What will be the difference in price for those who are recorded in the government/corporate/network database vs those who do not? Is this designed to be resistant to hackers and regulators, or just hackers?
Many cryptocurrencies that aren't issued by PoW, change their commitments after selling tokens (eg MaidSafe, Ripple/Stellar, Synereo). Ethereum Foundation has abandoned the commitment to immutability and depends on governments and reddit.com censorship tools, to enforce a trademark over the "immutable" chain. Those who have stuck to their commitments AFAIK include Nextcoin, and BitShares/Steem. (For emerging research on how to decentralize cryptocurrency issuance without PoW see /webofcredit.)

Cosmos Fundraiser

Is this some Intellectual Property? Perhaps reddit.com (spam/censorship filter) will allow a version to be posted here:
Cosmos Plan
Oct 6th, 2016 - The details in this plan override what is currently in the whitepaper, and all other plans published prior.
Cosmos Network Foundation (CNF) is a non-profit Switzerland Foundation. Its purpose is to conduct a Fundraiser designed to collect donations, to contract with entities and their agents for the development of the Cosmos Essential Software and Services (CESS), and to help foster a community around the CESS.
CNF is planning a Fundraiser for future staking tokens, called “atoms”, that give the holder limited license to validate the Cosmos Hub and Dex. The contributions made in connection with the Fundraiser will go to the CNF to develop the CESS.
All in Bits, Inc. (AIB) is a for-profit Delaware C-Corp behind Tendermint. The CNF has contracted with AIB to develop the CESS.
The CNF has received several commitments for donations from various individuals that will be tied to a portion of future atoms. The CNF’s initial donors committed an amount equal to 5% of CNF’s initial donation goal. Further, the CNF has entered into a number of strategic partnerships and received commitments for donations from interested individuals pre-Fundraiser for an amount equal to [ XX %] of the CNF fundraising goal.
THE PREFUND IS CLOSED FOR THE GENERAL PUBLIC. If you have to ask about the prefund now, you don’t qualify. The only exception is for strategic partners, such as crypto exchanges, who would make ideal validators.
The CNF reserves the right to receive further donations in the future from strategic partners at a discount rate of up to 25%.
Before the first day the Fundraiser is opened, the total number of atoms granted, the total amount of donations received, and a pseudonymous list of distinct persons and entities along with their discount rates, will be published.
The projected date of the Fundraiser for all other parties, notwithstanding the initial donors and pre-Fundraiser donors, is Q1 of 2017.
At most the Fundraiser will last for 6 weeks. Note that after the Fundraiser, no more atoms will be distributed by the CNF (unless approved by the on-chain governance mechanism).
Governance can approve proposals for the creation of new atoms. For further information concerning the proposed on-chain governance mechanism for the creation of more atoms, please see the whitepaper for details.
The atoms will not be available for use until after genesis day. At the earliest, genesis day is estimated to be sometime in Q3 2017. Even after genesis day however, there is an initial vesting period.
Atoms will vest over a period of two years after Genesis. Unvested atoms cannot be transferred until vested. Unvested atoms will vest over time, at a rate of 1/(24x365x2) of the account’s initial (genesis) atoms, every hour.
In the first day of the Fundraiser, suggested donations per atom will be $0.10. A discount of 25% for strategic funders implies an atom price of $0.075. A discount of 12% for Pre-Fundraisers implies an atom price of $0.088.
The CNF’s fundraising goal may be capped. More details will be released soon.
After the Fundraiser, the total number of atoms distributed multiplied by 1/3 is inflated and allocated for the CNF, AIB, and the Initial Donors.
On Genesis day, the distribution of atoms will be split between: CNF (10%) AIB (10%) Initial Donors (5%) Pre-Fundraiser Donors + Fundraiser Donors (75%)
Upon completion of the Fundraiser, all atom holders, including the CNF and AIB play the Delegation Game in a special purpose Ethereum smart contract (which holds no Ether). The top 100 validators after delegation will be chosen as validators on Genesis. For more information on the Delegation Game please refer to the white paper for details.
Every validator must participate in governance, or else run the risk that they will become inactivated and eventually unbonded. Delegators who delegate atoms to such validators will also likewise get their delegated atoms inactivated and eventually unbonded.
1/5 of the total number of atoms will be inflated every year and distributed back to the bonded and active atom holders (validators and delegators) for their work validating and securing the ledger.
The Unbonding Period is 1 month long.
Inactive or unbonded atom holders do not earn the inflationary atoms, and are thus taxed. This makes atoms ill-suited as a medium of exchange or a store of value. Instead, atoms are a tool, like Bitcoin miners are a tool.
Bonding atoms and staking them put the atoms at risk of slashing. Validators must run the sanctioned consensus protocol without deviation, or risk losing some or all of their atoms. Running the Cosmos sanctioned consensus protocol requires expert ability to run secure servers that must take extraordinary measures to prevent hacking. Delegators must choose who to validate to wisely, or risk losing those portions of atoms delegated to the incompetent, malicious, or hacked validator.
Tokens are virtual concepts on the blockchain. All mentions of tokens, like atoms, as if they were physical objects, are an approximation of what they actually represent. As we have observed with the ETH/ETC hard-fork, political tensions can cause the ledger to split. Furthermore, there is no central entity that is responsible for the upkeep of the blockchain. Atoms are not a claim to anything or anyone, not even the Cosmos Network Foundation. The software may be buggy, and even its underlying theory may be flawed, causing confusion, contention, and critical network failure for all those participating in the Cosmos network.
The CNF, AIB, all donors as well as any atom token holders or any Cosmos network participant, understand and accept that the Cosmos Network is still in an early development stage, and its application is experimental in nature that carries significant operational, technological, regulatory, reputational risk. Nothing contained herein represents any form of warranty. All participants in the Cosmos Network understand and agree, to the fullest extent permitted by applicable law, that no Cosmos Network participant will hold any of the developers, contractors, third parties or any other Cosmos Network participant liable for any and all damages or injury caused by or related to the use of, or inability to use, the Cosmos Network and the CESS under any cause of action in all jurisdictions, including, but not limited to, actions for breach of warranty, breach of contract, negligence, Nor shall any developers, contractors, third parties or Cosmos Network participants be liable for any indirect, incidental, special, exemplary or consequential damages, including for loss of profits, goodwill or data, in any way arising out of the use of, or the inability to use of the Cosmos Network and the CESS
All atom holders are free to fork, slash, and hack each other in accordance with the spirit of the Cosmos Constitution.
All validators and delegators must abide by the Cosmos Constitution.
A more fleshed out list of risks will be published soon.
A roadmap and the constitution will be released soon.
submitted by habbodabi to TheCosmos [link] [comments]

Article by Julian Assange about Google Chairman (and Blockstream founder) Eric Schmidt, who sought out the Wikileaks founder for an interview a while ago.

Below are excerpts from an article by Julian Assange about Google Chairman (and Blockstream founder) Eric Schmidt, who sought out the Wikileaks founder for an interview a while ago.
Eric Schmidt is one of the two VC founders of Blockstream, which received $21 million in capital to hire many Bitcoin "Core" devs to work on Bitcoin add-on projects such as the so-called level-two settlement layer "Lightning Network".
https://www.google.com/search?q=blockstream+eric+schmidt&sa=G&gbv=1&sei=2_1YVsKvNcHBPdSiouAD
http://www.newsweek.com/assange-google-not-what-it-seems-279447
Schmidt had taken over as CEO of Google in 2001 and built it into an empire.
Schmidt plunged in [to the interview] at the deep end, straightaway quizzing me on the organizational and technological underpinnings of WikiLeaks.
Schmidt was a good foil. A late-fiftysomething, squint-eyed behind owlish spectacles, managerially dressed—Schmidt’s dour appearance concealed a machinelike analyticity. His questions often skipped to the heart of the matter, betraying a powerful nonverbal structural intelligence.
It was at this point that I realized Eric Schmidt might not have been an emissary of Google alone. Whether officially or not, he had been keeping some company that placed him very close to Washington, D.C., including a well-documented relationship with President Obama. Not only had Hillary Clinton’s people known that Eric Schmidt’s partner had visited me, but they had also elected to use her as a back channel.
I began to think of Schmidt as a brilliant but politically hapless Californian tech billionaire who had been exploited by the very U.S. foreign-policy types he had collected to act as translators between himself and official Washington.
I was wrong.
Eric Schmidt was born in Washington, D.C., where his father had worked as a professor and economist for the Nixon Treasury. He attended high school in Arlington, Virginia, before graduating with a degree in engineering from Princeton.
In 1979, Schmidt headed out West to Berkeley, where he received his Ph.D. before joining Stanford/ Berkeley spin-off Sun Microsystems in 1983. By the time he left Sun, sixteen years later, he had become part of its executive leadership.
Sun had significant contracts with the U.S. government, but it was not until he was in Utah as CEO of Novell that records show Schmidt strategically engaging Washington’s overt political class. Federal campaign finance records show that on January 6, 1999, Schmidt donated two lots of $1,000 to the Republican senator for Utah, Orrin Hatch. On the same day Schmidt’s wife, Wendy, is also listed giving two lots of $1,000 to Senator Hatch.
By the start of 2001, over a dozen other politicians and PACs, including Al Gore, George W. Bush, Dianne Feinstein, and Hillary Clinton, were on the Schmidts’ payroll, in one case for $100,000.
By 2013, Eric Schmidt—who had become publicly over-associated with the Obama White House—was more politic. Eight Republicans and eight Democrats were directly funded, as were two PACs. That April, $32,300 went to the National Republican Senatorial Committee. A month later the same amount, $32,300, headed off to the Democratic Senatorial Campaign Committee. Why Schmidt was donating exactly the same amount of money to both parties is a $64,600 question.
It was also in 1999 that Schmidt joined the board of a Washington, D.C.–based group: the New America Foundation, a merger of well-connected centrist forces (in D.C. terms). The foundation and its 100 staff serve as an influence mill, using its network of approved national security, foreign policy and technology pundits to place hundreds of articles and op-eds per year.
By 2008, Schmidt had become chairman of its board of directors. As of 2013 the New America Foundation’s principal funders (each contributing over $1 million) were listed as Eric and Wendy Schmidt, the U.S. State Department and the Bill & Melinda Gates Foundation. Secondary funders include Google, the United States Agency for International Development (USAID) and Radio Free Asia.
Schmidt’s involvement in the New America Foundation places him firmly in the Washington establishment nexus. The foundation’s other board members, seven of whom also list themselves as members of the Council on Foreign Relations, include Francis Fukuyama, one of the intellectual fathers of the neoconservative movement; Rita Hauser, who served on the President’s Intelligence Advisory Board under both Bush and Obama; Jonathan Soros, the son of George Soros; Walter Russell Mead, a U.S. security strategist and editor of the American Interest; Helene Gayle, who sits on the boards of Coca-Cola, Colgate-Palmolive, the Rockefeller Foundation, the State Department’s Foreign Affairs Policy Unit, the Council on Foreign Relations, the Center for Strategic and International Studies, the White House Fellows program and Bono’s ONE Campaign; and Daniel Yergin, oil geo-strategist, former chair of the U.S. Department of Energy’s Task Force.
There was nothing politically hapless about Eric Schmidt. I had been too eager to see a politically unambitious Silicon Valley engineer, a relic of the good old days of computer science graduate culture on the West Coast. But that is not the sort of person who attends the Bilderberg conference four years running, who pays regular visits to the White House, or who delivers “fireside chats” at the World Economic Forum in Davos.
Schmidt’s emergence as Google’s “foreign minister”—making pomp and ceremony state visits across geopolitical fault lines—had not come out of nowhere; it had been presaged by years of assimilation within U.S. establishment networks of reputation and influence.
But Google’s chairman is a classic “head of industry” player, with all of the ideological baggage that comes with that role. Schmidt fits exactly where he is: the point where the centrist, liberal and imperialist tendencies meet in American political life.
By all appearances, Google’s bosses genuinely believe in the civilizing power of enlightened multinational corporations, and they see this mission as continuous with the shaping of the world according to the better judgment of the “benevolent superpower.” They will tell you that open-mindedness is a virtue, but all perspectives that challenge the exceptionalist drive at the heart of American foreign policy will remain invisible to them. This is the impenetrable banality of “don’t be evil.” They believe that they are doing good. And that is a problem.
Google is different. Google is visionary. Google is the future. Google is more than just a company. Google gives back to the community. Google is a force for good.
Even when Google airs its corporate ambivalence publicly, it does little to dislodge these items of faith. The company’s reputation is seemingly unassailable. Google’s colorful, playful logo is imprinted on human retinas just under 6 billion times each day, 2.1 trillion times a year—an opportunity for respondent conditioning enjoyed by no other company in history.
Caught red-handed last year making petabytes of personal data available to the U.S. intelligence community through the PRISM program, Google nevertheless continues to coast on the goodwill generated by its “don’t be evil” doublespeak. A few symbolic open letters to the White House later and it seems all is forgiven. Even anti-surveillance campaigners cannot help themselves, at once condemning government spying but trying to alter Google’s invasive surveillance practices using appeasement strategies.
Nobody wants to acknowledge that Google has grown big and bad. But it has. Schmidt’s tenure as CEO saw Google integrate with the shadiest of U.S. power structures as it expanded into a geographically invasive megacorporation.
In 2003, the U.S. National Security Agency (NSA) had already started systematically violating the Foreign Intelligence Surveillance Act (FISA) under its director General Michael Hayden. These were the days of the “Total Information Awareness” program. Before PRISM was ever dreamed of, under orders from the Bush White House the NSA was already aiming to “collect it all, sniff it all, know it all, process it all, exploit it all.”
During the same period, Google—whose publicly declared corporate mission is to collect and “organize the world’s information and make it universally accessible and useful”—was accepting NSA money to the tune of $2 million to provide the agency with search tools for its rapidly accreting hoard of stolen knowledge.
In 2010, after the Chinese government was accused of hacking Google, the company entered into a “formal information-sharing” relationship with the NSA, which was said to allow NSA analysts to “evaluate vulnerabilities” in Google’s hardware and software. Although the exact contours of the deal have never been disclosed, the NSA brought in other government agencies to help, including the FBI and the Department of Homeland Security.
Around the same time, Google was becoming involved in a program known as the “Enduring Security Framework” (ESF), which entailed the sharing of information between Silicon Valley tech companies and Pentagon-affiliated agencies “at network speed.” Emails obtained in 2014 under Freedom of Information requests show Schmidt and his fellow Googler Sergey Brin corresponding on first-name terms with NSA chief General Keith Alexander about ESF.
Reportage on the emails focused on the familiarity in the correspondence: “General Keith…so great to see you…!” Schmidt wrote. But most reports over-looked a crucial detail. “Your insights as a key member of the Defense Industrial Base,” Alexander wrote to Brin, “are valuable to ensure ESF’s efforts have measurable impact.”
Whether it is being just a company or “more than just a company,” Google’s geopolitical aspirations are firmly enmeshed within the foreign-policy agenda of the world’s largest superpower. As Google’s search and Internet service monopoly grows, and as it enlarges its industrial surveillance cone to cover the majority of the world’s population, rapidly dominating the mobile phone market and racing to extend Internet access in the global south, Google is steadily becoming the Internet for many people. Its influence on the choices and behavior of the totality of individual human beings translates to real power to influence the course of history.
A “don’t be evil” empire is still an empire.
http://www.newsweek.com/assange-google-not-what-it-seems-279447
submitted by UndergroundNews to btc [link] [comments]

July 28, 2014: Flagons Den Live Blog

Going to live blog, the flagons den pitch 10 event tonight.
7pm pitch event starts around 70 people here. Some technical difficulties but with 30 seconds for each pitch and 60s Q&A no one is that phased :-), too much focus on hitting their lines.
7:04pm first pitch, Flagons Den pitch their co-working and mentorship workspace that is an actual bus. The mentorship program lasts for 3 months. Sponsored by KPMG, rackspace other big names. Taking applications now for September set. They focus on a personalized coaching path rather than a standard class-room setting like other incubators.
7:07pm A european network consultant running Tech City Coffee tuesday AM as a meetup providing mentorship.
Man I just realized how hard this is to listen and type reasonable notes
7:08pm Crowd-funding for university graduates, business or research or cancer research. Called EquitySpark
7:10pm DatingApp where you set up your friends. Linked with Facebook. Anonymous chat between those two people. The person who sets up the couple only sees the number of messages. App is called "Hitch" like the movie.
7:12pm Style Compare fashion compares across different stores creating a wishlist. Keeping track of prices and sending alerts. 25,000 users per month. UK Stores only but 1/3 of visitors are international. 1 pound to acquire a customer. revenue per user 4.50 per year.
7:14pm Matches up founders to form startups. Working a lot with universities. Freemium model, pro feature allows you to watch video pitches. Called Nucleus.
7:15pm London Breakthrough contestant comes to London with 100 pounds with the challenge to make 1m pounds in 12 months. Gets a good laugh; got to love the challenge
7:18pm SwagEasy from SV expanding into Europe gets you a store on your website in 30s. 4 Engineers from Cambridge and Stanford, 40,000 stores in 8 months. Imports from Etsy and others, or you can upload yourself. The presenter takes up the 30s challenge.Everyone watching intensely. Proves himself right. Automatic reading of styles within your website. Proving himself true. The entire room is stunned. Then he throws it is free!! (they plan to put apps onto your stores later) OK I must have mis-heard because when I went to check out the product here it clearly says "SwagEasy charges a 4% fee on sales from your store. This is exclusive of the payment processing charge that Stripe will levy on the sale." My bad.
7:22pm London accommodation manager taking over warehouses and building physical places for intl tourists. Called HideOut. Youth Hostels in particular. They have funding but still looking for sites. Include modular infrastructure. 30 pound per night is target price.
7:24pm PositionDark aligns you with things you care about but shows you the two sides of the story. Business model is a Big Data play through Social Media. Insight for political parties to see where the masses are going.
7:26pm Sorry missed one pitch...
7:27pm Audi listening, an audio platform that powers smart headphones that distributes content based on location. Think Google glass for eyes. Lots of PR. Called Audio Wings. Think of a guy going into a gym and rocky comes on. Phones don't work because lots of people don't want mobiles with them. Looking at putting the tech into current headphones manufacturers.
7:29pm pinterest for events. 50,000 pages views.
7:31pm App with one user the founder. BI for Social media. Analyze facebook against google maps, he is a fan of himself. Looking for ideas on how to create a business model. No plans for releasing maybe in the next two months.
7:32pm Gift2View works for fund raising customers Save the Rhino, Amnesty International, based on putting an ad in the middle of a video. They take 5% of donations
7:34pm CityZenik local travel guide to provide tourists with travel advice. Paid service based on how much guiding you take. Started in Serbia looking to get more guides in London.
7:35pm cooking classes using distributed method i.e. p2p cooking classes the AirBnB for hobbies. Will offer any kind of training
7:37pm real assets onto BitCoin gold batch crytpocurrencies. Thing Gold training for the masses. Built on top of Gold Trading Platform. 2-3 exchanges looking to join. "The real asset company"
7:39pm BookADrone commercial market place for drone operators 26 operators out of 300 in the UK. Think of Aero Photography or chimney inspections. In essence, a camera connected to a flying drone. Regulated with the CCA. Prices for 500 for a day. Autonomy for construction companies.
7:41pm EnergyDoneWell crowd funding to group together to buy solar energy infrastructure for schools. Equity share for investors 4-7% acquiring customers through word of mouth. Need help finding people who need infrastructure. Community shares doesn't need regulation. Average project needs 50k. Large scale 1.5m
7:43pm OpenPlayer music player open source and hardware to make music without restrictions. In prototype. Non-commercial open source license. Part of a university program. 20-25 pounds to make these products.
7:45pm TankTopTV [edit:oops sorry] find good programs across TV streaming. Personalize and customize which gets licensed to operators. 2 full time one part time. Mostly technology licenses because affiliate revenue isn't enough.
7:57pm Applyed a standardized format and processing platform for independent schools.
7:58pm A creative agency got up and went with a pitch which was in essence "We do all your marketing for you". The discussion moved to how much of the fee was performance based especially in the direction of gross adds. The rest of this is my POV only: I think the pitcher handled this badly stating that they didn't do that kind of thing because if the startup doesn't get the expected customers, the startup is doing something wrong. What wasn't explained well was that acquiring a customer is a holistic thing based on knowing about the company (consideration), evaluation of options, and then the actual purchase. Marketing is only really involved with the first component and to a much lesser extent the second (goodwill towards the brand). In a startup environment without a regular run rate it is very hard to commit to the exponential growth that most startups aim for, because the product is constantly changing and the business model is evolving as well as the underlying services. In short, a marketing agency at the startup phase should accept responsibility only for brand and product recognition. The rest is too subjective. In any case I am strongly against startups outsourcing sales or marketing. You're in a search for product market fit, you need to be as close to the customer as possible. /end of rant
8:00pm /LondonStartUp had it's go. Some people hadn't heard of reddit, others thought there was enough spaces to discuss the community, but some were enthused. For the first time pitching this place in real life I'm ok with the few people who came up and thanked me and especially for the one instant subscriber.
End of Pitches networking from 8-9pm
EDIT After the meeting: Explained the IncuBusLdn from the organizers because I think they deserved a bit more than my initial effort. Expanded my little pitch component. Then went on a rant about the creative agency discussion.
EDIT 2 Adjustment to Swag Easy notes
submitted by Emanresu2009 to LondonStartUp [link] [comments]

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Goodwill cannot accept donations currently

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