Dev: Hi guys, we hope that you are all well. Please find our May update below.May 2
https://mylinx.io/news/may-2018-update/ May Update:
Payment Integration: Unfortunately we have to announce that our first scheduled Linx payment retail integration has been delayed. Of course this comes as a disappointment for us as we're sure it does to you too. We have uploaded a press release from Traxsource below explaining the situation. Here is a transcription :
April 30th, 2018
Due to the increased work load involved in our ongoing store upgrades we are not in a position to integrate the Linx payment system on May 1st as planned.
We are extremely disappointed to announce this news, as both sides have put so much time & effort into making this happen. It goes without saying that we will continue to offer our full support to the Linx project & the team behind it. We hope to be able to bring this project to fruition at a later date.
Brian Tappert Traxsource Managing Director
The platform : As you will no doubt be aware recent guidelines and regulations in the protection and handling of personal data is changing the way web based platforms operate. API access to some of the biggest social networks is now being restricted among other things and this has caused us to rethink a few major aspects of our own platform.
Although we firmly believe the new data regulations are a great thing for end users, it has also resulted in changes to some of the features that were originally incorporated . Our original schedule for the roll out of the platform was in stages. First we would introduce a fully functional baseline system and then start adding more features over time. After much discussion, we have now agreed that we need to deliver a much more ambitious platform from the get go. One additional aspect of the resdesigned platform is that we will now be including an audio upload and streaming service which will allow artists and musicians to showcase and sell their music directly (using Linx of course) from their profile page.
We are very close to completion and will notify beta testers as soon as we comfortable with the new model so you can put it through it's paces before release.
Block halving : Welcome news for long term holders is that in around 36 days the Linx block reward halves for the first time since our blockchain launched. This will reduce the block reward from 50 to 25 Linx, dramatically slowing down the amount of freshly minted Linx released every day. You can monitor the countdown to halving at the following page : https://mylinx.io/halving
Source and Wallets : The team is currently working on a completely updated version of the Linx source code which implements many of the latest developments in blockchain tech. iOS and Droid wallets will follow the release of the new source. As we're sure most of you are already aware, Linx wallet support is already available for iOS and Android in the excellent Coinomi app : https://coinomi.com
Lastly, although the unexpected delay in our first retail integration was not the news we’d hoped to deliver to you today, we hope that finally knowing who the retailer is will go some way to easing any concerns you may have had about the validity of the Linx project or the abilities of our team. Although we have had to adjust the schedule of our roadmap our goals for Linx remain unchanged. There is a ton of exciting things happening behind the scenes but we remain reluctant to speak about them until they are ready to be realized. In light of the current situation we hope that you will understand the reasoning behind our position on this. For those that are uncomfortable not knowing what's coming, we totally understand and trust you will use your best judgement with regards to any Linx holdings you may have.
If you have any questions about anything ask away and we'll do our best to address them where possible here in the slack channel.
Dev: Hi guys, before we address your questions we just want to say that the reactions to the news yesterday from the community both in here, on Telegram and on Twitter has left us somewhat deflated. We knew the delay wasn't going to be well received but we hoped that you would see that the delay was not of our making, and see the positives in revealing the name of our partner and also realise that we have been completely straight with you from the start. Instead we watched some of our "supporters" calling us scammers, some even insinuating that we dumped ahead of the announcement. Neither could be further from the truth. Emotions were running high yesterday. We wanted to let everybody have their say before we responded to anything. With that said, onto some of your questions and comments...May 15
User: "Some of us are holders and miners from june. We deserve more @linx team" Dev: We appreciate your frustration John as we are feeling exactly the same. Months and months of work on the payment system took priority over everything else as we knew it was going to be a massive coup for the project integrating with one of the most reputable dance music retailers in the world. The amount of work involved set us back with everything else. Remember, we don't have millions of dollars raised from an ICO to just employ an army of people to get this done. All we can do is assure you that nothing has changed from our perspective, if anything our vision, especially for the platform, is bigger now than we first anticipated. We totally appreciate and respect people like yourself that have been with us from the start and shown real support for the project and we hope that your faith in the project remains.
User: "Unfortunately devs probably knew for quite some time that this wasn’t happening today and used their recent hype to dump their bags." Dev: Not true. For those calling us scammers or liars or insinuating that we have dumped our supply, we suggest that you save yourself the anxiety and exit now without looking back.
User: "if there was an exchange they would have mentioned it" Dev: Check out the guidelines and rules for listing on any of the larger exchanges.
User: "its been 1 year with nothing to show for it at the moment" Dev: Not true and extremely insulting.
User: "you don't give us enough information" Dev: Yes this is a valid point, but we did tell you how we planned to operate from day one. If we felt we could tell you things and they wouldn't be used as hyping weapons we would be much more forthcoming. The last thing we wanted from this project was a lot of hot air out there and a community getting progressively angered by promises of things to come that are yet to materialise. Yesterday, when we did say something, we watched as people from the crypto community publicly attempted to rubbish our project to our retail partner. Yes, against our better judgement we have made some statements, in good faith, regarding our roadmap along the way to address some of the constant questions raised from the community. The reason we never wanted to say anything prematurely is hopefully blatantly obvious now. We fully understand the never ending cycle of hype and fud that the cryptoscene thrives on, but we told you from the start that we were not going to do that.
User: "Since the first partnership didn't go through for now, could you tell us a bit more about the future business strategy of linxpay? Will you release the retail or consumer software to public?" Dev: Absolutely. We weren't planning to release this until the retail version was out there but yes, the consumer version will be fast forwarded now for sure. Work on the platform is currently taking priority, once that's finished this will be next. Think of it like an alternative to the paypal model. It will be as simple as registering an account and making a simple API call to start accepting Linx on any website or blog.
User: "Why set deadlines at all if it's not set in stone with Traxsource." Dev: We didn't. We agreed a deal with Traxsource in 2017. The timelines for integration were chosen and subsequently postponed by Traxsource for valid and unavoidable reasons. The 'set in stone' date of May 1st was their choice as was made clear in our previous announcement.
User: "please tell us about new exchanges." Dev: We have submitted, and are still actively submitting exchange listings. That's all we can say right now. We know that's not exactly what you want to hear but it's the truth.
User: "Good luck finding a link to that "press release" anywhere, likely fake." Dev: It's probably a good idea to wait and see next time before you accuse us of being fraudsters. The press release was entirely Traxsource's idea. They are fully aware that this further delay from their end might hurt our reputation and this is the last thing they wanted to happen. They have supported us from the start. The music industry is extremely fluid and unfortunately full of unexpected circumstances that often cause delays.
User: "reveal the identity of the devs please" Dev: If you are unable to trust us without knowing who we are then this isn't the project for you. There are plenty of crypto projects with photographs and linkedin accounts for you to invest in. We have our reasons for wanting to remain anonymous which we'll explain a bit more in the following answer.
User: "Could you provide a valid business reason why being anonymous is a good thing for Linx?" Dev: Sure. Has the anonymous nature of Bitcoin prevented it from being adopted? Charlie Lee recently stated that he will eventually pull away from the Litecoin project as he doesn't feel having a public head for the project is a good thing. We feel exactly the same way. Any project should thrive (or fail) based on the project, and not who is behind it and what they say or do. Also remaining anonymous allows us to poole our enormous resources without interference from the crypto community. For example - this was tweeted directly to our retail partner yesterday "@traxsource we have some developers who will build and deploy a working product. No need to work with @linXcoin".
User: "scam exit today?" Dev: No.
User: "So they've dumped everything" Dev: No.
User: "Why release the name of the partner? if the deal was still on you would keep the name hidden for competitive advantage" Dev: Do you think that this was the way either us or Traxsource wanted to announce this integration? Can you imagine the fallout if we had simply said that there was another delay without telling you anymore? We had no choice but to reveal the name and we are massively disappointed that we had to do it this way.
User: "The fact that you didn't begin the marketing is a problem" Dev: Yes it is a problem but we couldn't. The marketing of this integration is a joint venture between ourselves and Traxsource.
User: "obviously this is a huge disappointment for you guys, as I can't even imagine the man hours you've put into this project." Dev: Yes this is a massive disappointment for us. We have been working towards this since last year. Other aspects of the project were put on the back burner as this took priority. It's the last thing we wanted or expected and has put us behind schedule several times now, not to mention also delaying other aspects that were tied to the release of this integration. We are now having to adjust our strategy to fit the situation which is not easy when we've been working to said strategy for over a year.
User: "Also if items have changed it would be good to provide fans with more realistic + achievable timelines" Dev: Although we completely understand, and in another situation would totally agree, this is something that we will not be doing. Once bitten... From here on out we will only talk about things that are imminent. That way there is no room for disappointment on either side. We feel this is the only way to proceed and maintain credibility in the current climate.
User: "thank you for this good partnership" Dev:Thank you for again being one of the few that has actually picked up on what a big achievement this is. From the very start we asked you to trust us and for those that have, hopefully we've been proven worthy of that trust.
User: "The team must show more respect for investors" Dev: We haven't received a single penny of investment from anybody.
User: "If they didn't care about crypto community and communication at all, why give all those promises they knew they couldn't 100% deliver?" Dev: The failure for this to happen on the announced dates was not our call, we were 100% ready.
User: "So no milestone has been accomplished" Dev: If pairing up with one of the biggest retailers in our industry and thereby opening Linx up to an entirely new and significantly large audience is not a milestone then nothing we do is ever going to be good enough for you.
User: "The "store upgrade workload" reason sounds bullshit." Dev: It's not. We know the reasons for the latest delay and they are 100% valid.
User: "I think the regulations gave them cold feet" Dev: That is not the reason, see answer above.
User: "I firmly believe that Linx will have its chance to show itself to the world, and maybe it will not take long". Dev: Thank you for the vote of confidence, so do we! We wouldn't be doing this if we didn't :)
User: "The fact is the awareness of this project is only maintained by the community." Dev: Do you really think Traxsource agreed to partner with us because of the Linx community?
User: "If you are really so confident, please at least show us some proof so we can trust?" Dev: Very confused by this question, this seems an impossible ask.
User: "technically, maybe it would have been better for the devs to simply just keep the project closed as they once mentioned" Dev: Agreed.
User: "Keep in mind that there seemed to have been a NDA between linx and their partner" Dev: A fact that most other people haven't picked up on and yes, you are correct. It's not just Linx that needs to keep plans under wraps for competitive edge, our partners do too.
User: "Take a closer look at Traxsource instead and what a quality business it appears to be." Dev: Exactly. Anybody who knows anything about our market knows how big a deal this is. Maybe it would be useful for some to go back and read what Linx is all about.
User: "I just hope that the devs won't lose the motivation to achieve what they had planned". Dev: No we won't. Of course we would benefit from less criticism and more support from the community though :)
User: "I can't speak for everyone but personally as an EDM fan I truly want to see the project become reality and would love to help make it become a reality in any way I can". Dev: You are exactly the kind of person that we hoped would get behind the project and we value your support.
Dev: We have only covered a handful of questions here but it is clear that 2 of the biggest concerns you have relate to communication from us and listing on more exchanges. We will look into making both of these matters a priority going forward. We appreciate that there are some of you that have been with us since the start and we wish this recent announcement had been different for you as much as for ourselves. The last thing we wanted to do is let anybody down. It's especially hard when things are beyond our control as they were in this instance. We'll ensure that a repeat of this situation doesn't happen again by only releasing information on things that are imminent, no big lead ups.
We also hope that our answers to some of your questions do not come across too rude or dismissive, as that is really not our intention, but it is really important that we are quite blunt in our answers to avoid any misunderstandings.
In closing we just want to say that we are very encouraged by the support and activity in the community run Telegram channel especially. Please don't think that we don't care about, watch and value your support in the community channels, we most certainly do.
Dev:Hey guys,May 21
Hope you're all well.
To address one of the issues brought up recently we are going to be posting progress updates and answer some of your questions every week or two from now on. Any questions you have can be posted in any of the Linx social groups and we'll pick a few and answer what we can.
Progress Updates :
-- Exchanges: As you are all no doubt aware the space has changed a lot over the past few months and many exchanges now only seem to be interested in ERC20 tokens that have raised significant funds from an ICO - and therefore can afford the substantial listing prices that some centralised exchanges are currently charging. We have some options on the table but we would really like to hear feedback from the community as to which exchanges they would prefer to see us spend the money on.
With that said we are totally prepared to follow the listing fee route with exchanges that still offer this option (fewer and fewer of them around it seems), but as mentioned above we would like to get some feedback from you guys before we proceed as we need to choose wisely. We want to ensure that there is a bigger marketplace for Linx traders but at the same time we don't want to see pump and dumps.
We have already submitted listing applications to several of the big exchanges but we have no further details to report at this time.
We've also begun adding Linx to voting systems on exchanges that offer this feature. Here is the voting link for SouthXchange - https://www.southxchange.com/Home/Vote - the Linx voting address is 16bt2DWHh2hxzgjK31sCifiLuUcvQaUFti if you want to support this listing. If there are any exchanges in particular that you would like us to add please let us know.
Although this is not ideal right now we believe that the future is going to be much brighter as more and more people move towards decentralised exchanges. We most certainly will be adding Linx to as many of these as possible as soon as the updated Linx source is released. The updated source fully supports DEX requirements.
-- Platform: We implemented some exciting tech this week on the streaming side of things. Beta testers will get to try it first and once we're happy that the platform is ready to launch we'll be able to tell you about it. Yes this is secretive but for good reason. We are not trying to sell anything based on this information, we're just keeping you in the loop while building something new and fresh. The last thing we need is somebody trying to copy our ideas before we've had a chance to release them. All things going well we should be in a position to give you a timeframe for the beta release in the next update. If you are wondering why you can't see any activity on our github for anything to do with the platform it's because it's all being done on our own self hosted private gitlab repository. At some point in the future we may open this repo up for community contributions, but for now it's strictly an in-house affair. Just because you can't see what's happening doesn't mean we're not busy beavering away :)
-- Retail Integration: No further news on this at the moment, please see the statement from Traxsource if you are unaware of the current situation.
Please get your questions in for the next update, we're listening :)
Wishing you all a fantastic week and, as always, thank you for being #LinxHeadz!
User: can you expand even a little on the music streaming platform?
Dev:Sure, the streaming part is just one aspect of the platform. It will enable artists to self-distribute. It can be used to simply showcase their work (think Soundcloud etc) or it can be used as a direct-to-fan sales platform utilizing instant purchases and downloads. It can also be used as a secure private distribution platform, for example - a producer or band sending out demo's to record labels. The labels will be able to play the track but the public will have no access or even knowledge that the track exists.
User: Regarding the exchanges and fees: can you elaborate on what options are on the table?
Dev:We'd rather not for the simple reason that once we start naming exchanges it opens up the doors for potentially negative responses aimed at said exchanges, remember this is all being discussed in a public forum. But more importantly, we don't want to lead the conversation. Right now the addition of new exchanges is more important to you guys than it is to us, so we'd rather hear what you want without trying to steer the debate in one direction or another.
Thanks for the suggestions of exchanges so far, please keep them coming.
Dev: Hi guys, please find some responses to your recent comments, suggestions and questions below. Team Linx
User: "wish we had more info about the payment system" Dev: As mentioned before, we spent months building a highly customised version just for Traxsource. As well as being a realtime payment processing engine it also includes a fully detailed customer management and tracking system including accounting and refund processing. It's incredibly simple to install on a retailers server and it is also completely self-hosted. It doesn't rely on, or even talk to, any of our servers. It only requires one live encrypted node (that doesn't even have to be localised) to connect to the Linx blockchain and a server with a valid SSL certificate to operate. It will convert several different FIAT currencies into Linx on the fly based on the current average exchange rate and includes weighting options for the retailer to cover any potential price swings. It's a fully automated system that creates unique user accounts for each customer and tracks their purchase history - it can even offer automatic discounts based on this. It fully integrates with any existing customer database or accounting system that a retailer may already have. It has several levels of security built in including anti-fraud mechanisms. It has a complete user management system whereby the sysadmin can grant varying levels of restricted access to company employees. It truly is a one click solution for any retailer that wants to start accepting Linx on an existing store and a fully functional out of the box customer management system for those wanting to open an online store from scratch. What was once a simple payment processing engine has evolved into a beast of a system unlike anything else out there in this space for sure.
User: "Do you feel the current developers can handle the workload required? Any plans to expand the linx team in the near term?” Dev: It is a lot of work, and the unexpected delays haven't helped at all, but it's important that these early stages of the platform are completed by the core team as they understand the full vision. Yes, we absolutely plan to expand the team once the platform stage is out of the way. We are actively looking for a dedicated lead iOS Dev, (if anybody in the community has suggestions we are all ears). We've already got people waiting to go with regards to the music PR side of things, we've had them from the start.
User: "new exchange suggestions" Dev: Many thanks to all of those that have put forward their suggestions of potential exchanges. We have been making applications where relevant. Some exchanges have already got back to us with offers of listing fees. Once we hear back from all of them we'll review the situation and decide where to go from there.
User: "Bittrex" Dev: We have already re-submitted Linx for listing on Bittrex. When we originally submitted it last year, the circulating coin supply was too low. At the time they required at least 10% of the total supply to be out there, this wasn't the case back then, but it is now. Please keep in mind that if Bittrex does decide to list Linx we will not be able to talk about it.
User: "TradeOgre also is free and good coins are being added there" Dev: Linx has been submitted for listing on TradeOgre.
User: "Dex exchanges" Dev: We will be submitting to many of these as soon as the updated source code is released. There are BIP's in the updated source that are required for DEX listings.
User: "what about the exchange you said you had?", "why aren't you talking about that?", "they have also made irresponsible announcements such as that they had 1 definite and more pending exchanges" Dev: We have definite options on the table to pay for listing Linx. We are not going to disclose what exchanges these are until, and if, we decide to actually go with any of these. This was the primary reason why we asked for your opinions.
User: "starting a community fund to cover exchange listing fees" Dev: Thank you, this is true community spirit and let's us know how much you care about this project being successful! Hopefully this won't be required but it's good to know that some of you have got our backs in this respect :)
User: "there's something fishy going with big buy orders", "looks like insider trading", "somebody knows something" Dev: As mentioned above, we have submitted Linx to several exchanges. It's possible that any of these could have decided to get some supply prior to a potential listing, but if that is the case we certainly wouldn't know about it.
User: "linx kiosk and linxtalk.org" Dev: Neither of these are anything to do with us.
User: "They abandoned the project for the moment. No roadmap,no news about exchanges, no news about the integration with TRAXSOURCE, no real dates when they communicate Only promises. I think they did on puropose to let the price go down" Dev: Categorically not true. Why would we want to kill the value of our own project and upset the entire community at the same time? We’d lose all round! If anything, it's posts spreading FUD like this that could be having negative effects on the price. Of course it's your right to say whatever you want if that's what you believe, just don't expect anything positive to come of it if you do though.
User: "sometimes I think they are professionals and they know what they do, other times I think they are naive and lacking in experience", "i think they are just to slow for crypto business", "I feel like the project is being run by arrogant musicians rather than business folk with common sense", "honestly I dont think we can expect anything from Linx" Dev: How are these comments at all helpful or constructive? Insulting our project management, our team's characters' and our abilities has no value and is nothing more than that - throwing insults. Not only is it unhelpful but it’s irresponsible to the rest of the community. These forums were set up for supporters of the project. Please remember that they are also accessible to any potential exchange or business partner. Anybody that uses these forums to simply slag off the project and the team are undermining all of our efforts and the efforts of the rest of the community to move the project forward, not to mention the negative effects comments like this will have on new members joining.
User: "They have said many times their least concern is the investors" Dev: Of course we are concerned that people have put their faith and trust in us and we aim to deliver, but if you want us to make a choice between working on making this happen or spending our time posting pointless updates to keep speculators happy the work will win every time.
We all win when we achieve what we've set out to do and then you guys start shouting about how great it is and inviting people to see for themselves. We've taken onboard the valid criticisms about the lack of communication and are actively rectifying that.
User: "You don't have to do things just to tick them..." Dev: So you want us to lie then? Wrong project.
User: "I doubt linx really want to avoid the crypto community and not understand the importance of community support, but their stance is that they only want hype when the hype is supported by fact. After being burnt by their own mini-hype they are even more conservative in leaking info now." Dev: 100% correct. It has never been our intention to cut the crypto community out, if that were the case we would have just got on and done our thing without even bothering to tell anybody about it until we were ready to go.
We are all too aware of what "community" can sometimes mean in the crypto space. We know there are many of you that support our vision and are very excited, as are we, about what we are trying to achieve, but sadly this doesn't ring true for lots of others. We're not naive, we know a lot of you are here to make money and then move on to the next thing. That's absolutely fine, but don't get that confused with "community support". What we have tried to do from the start is minimise the hype/fud that "communities" rely on as our goal for this project is much more than to just be another coin sitting on an exchange. We are building something that we hope will revolutionise the way assets change hands in our industry (the music business). This is why we haven't subscribed to the same tactics that some other crypto projects use. We know we have something here and we believe we can make this happen. We don't need, or want, people shilling the project based on future promises. We brought this project to the crypto community to give those of you that liked the sound of what we are planning the chance to get involved and support it early. We knew we were a way off from realising most of our goals which is why we haven't hyped it yet.
User: "hard questions require harder answers" Dev: Couldn't agree more, let's do it!
User: "1. Rapidly improve the entire approach to communications and remove all previous lead dev arrogance.” Dev: Communication criticisms have been taken on board, hence the regular Q&A. Lead dev arrogance? What is your reason for this comment? Please expand.
User: "2. List the coin on many many more exchanges immediately (Use dev fee if needed and discuss community raised funds).” Dev: As mentioned above, Linx has been submitted to many exchanges and the community raised funds issue has also been addressed.
User: "3. Hire more team members (actually use the dev fee / no man is an island)." Dev: So you'd like us to dump our dev fee on the exchanges to hire some more people? What do you suppose that would do to the price and confidence in the project right now? Is this really what you want us to do? We are managing this project responsibly. As explained above, we will expand our team when needed.
User: "4. Set out a new clear product roadmap that is achievable, and stick to it. This is just software, break it down and get it out there.” Dev: We have a roadmap. This isn't just "software". We are talking about opening up the crypto space to an entirely new market here. The marketing and branding of this project is just as, if not more, important as the "software".
User: "5. Stop creating more hidden sub projects / idealistic dreams, this will hurt the overall brand and project long term, if the mic cable gets pulled out again inadvertently.” Dev: You mean like issuing a new roadmap?
User: "6. Think about strategy, security and data privacy, way in advance (GDPR re: linx social platform api usage - should have seen that a mile off).” Dev: Security and privacy have been utmost in our thinking since day one. It's one of the reasons we created Linx in the first place. It's also why we shut down our web wallet. With regards to GDPR we have been fully compliant since the first line of code was typed. What we couldn't account for was how the big social platforms were going to limit, or in some cases entirely lock down their API’s due to GDPR. We've had to make adjustments based on ongoing changes being made to these platforms, as will any other platform using API’s in this way. As mentioned in the last Q&A this has actually pushed us in another, much bolder direction than we first anticipated. It's just going to take a bit longer to realise it.
User: "7. Release the new 2.0 source code and talk about it with your community." Dev: The new source is coming and there will be a full update about what's changed when it's released.
User: "8. Do more Q&A’s." Dev: Hello :)
User: "9. Listen to and work with your community (crypto or otherwise) there is much intelligence in mass. Do not ever alienate them again, these are your fans, holders and miners, keeping your network secure. Without them, this will be doomed to the bedroom.” Dev: We are well aware of the importance of the miners that secure the network. We chose a POW algorithm to ensure that Linx could involve the entire crypto scene. We also value the support of the community when it's real support or valid criticism, and not just bitching because their planned pump and dump didn't pay off. As you can see, we will happily address any valid question or criticism. But we're not going to pander to people that are simply insulting us.
User: "10. Keep positive." Dev: Why would we not be positive? It does wonders for our team moral reading comments from our "supporters" about how useless we are, it really encourages us. Seriously though, If you really mean this and want us to keep positive then you the community can help with this. Insulting us, spreading FUD & general negging is not the way to help with positivity.
Note TPTB_need_war posted the same statement about ETH in three threads, because suddenly 5 or 6 new threads all about pumping Ethereum appeared today. If the pumpers can make three threads, then why can't they all be rebutted? They can spam, but the opposing opinion and facts can't be. As if the opposition is the spammer but spamming the Altcoin Discussion with a proliferation of Ethereum pump threads is not spamming. Roll EyesQuote from: damn_the_truth on Today at 05:06:30 AM TPTB_need_war was banned for 3 days for writing in big red letters that "Ethereum is broken and can't be fixed" and proceeded to defend this point factually.They allow excessive trolling and scams no problem though.
And so the mods have now demonstrated they are involved in the pump of Ethereum.
So much for the objectivity of this forum.
Quote from: WilderX on Today at 08:36:10 AM y0 newbs, you talking about issues with mining? Did you know ETH goes POS this year?Yo clueless n00b, do you not understand the PoS doesn't rectify the fundamental flaw in the economics of the verification of long running scripts that I explained upthread and for which I have been banned for trying to point out in the numerous threads pumping Ethereum that spammed the Altcoin Discussion forum today.
Quote from: stoat on Today at 05:58:42 AM You still don't get it do you? The hype for ethereum is actually real. As in, it's our best hope. And people who actually want crypto to succeed as an idea will get behind it.Oh because it is our only hope, then we have to ignore the fact that after more than a year since they took and spent ICO money, they still haven't solved the most fundamental issue of the block chain technology required for long running scripts (if they want scaling and decentralization).
Quote from: stoat on Today at 05:58:42 AM Tptb want war, well, the entire time ive visited this forum he is either wasting everyones time with mental masturbation or simply stumbling from thread to thread FUDDing down every coin that would dare to challenge his "intellectual superiority".Because you are not interested in actually solving the core technical challenges that inhibit cryptocurrency from scaling out to the masses and being compatible with marketing strategies that can do so, such as the one I will drop on the world.
Quote from: Elokane on January 25, 2016, 12:56:02 PMSo you must be younger guy Dor who I've viewed in the Hangout videos in the Synereo channel on YouTube?
Quote from: TPTB_need_war on January 24, 2016, 05:27:06 AMSpot on!
Quote from: CoinHoarder on January 24, 2016, 03:28:48 AM I think social media can possibly be taken over by cryptocurrency/decentralized/blockchain technology. Think about it... Facebook has a market capitalization of 266.3 billion. What if a portion of their net profit was distributed to its users instead? Which service would you use... one that makes money off of you providing you nothing in return, or one that pays you to use its service? There are likely a few projects attempting to capitalize on this space. The only one off the top of my head I can name is Synereo and I am on the fence as to whether it is is a legit project or a P&D... I am waiting on the sidelines for now. http://www.synereo.com/I will respond to the rest of your informative post later (as I need to go outside on this Sunday).
I think Synereo may be conceptually on the right track, in that ads should preferrably be content that users want to see. I can envision content providers being creative in how they advertise products within enjoyable content. The bottom line is the economics per my prior post in reply to TechorMarketing. There were one or two ads on Google that were so interesting to me, I wanted to save a copy of the video ad. Meaning the way to beat Google is by making the advertising more efficient, thus superior ROI for all participants (advertiser, content creator, and viewer). If the superior algorithms require decentralization and cutting out the middle man, then Google with all its technical prowess can do nothing to compete.
Quote I only scanned a portion of their white paper. I believe they may have Sybil attack problems in their attention model (thus being gamed and not having the result intended), but I can't yet judge that with any certainty as I need to study it more carefully.The attention model is mine. We've designed it carefully against Sybil attacks. If you think you've identified an attack vector, do let us know -- I'll give you with an AMP bounty for it.
You've given me something very intellectually deep to chomp on, so thank you. I love conceptual paradigm shifts and I like to analyze models. I will need more time on this.
Looks to me as though they are serious. The devil is in the details on their technical model. They have a brainy looking CSO mathematician, so perhaps some of the model theory is originating from him.
Feel free to join our Slack channel at slack.synereo.com and chat with us there directly.
Quote from: Elokane on Today at 12:01:35 PM It is common knowledge that Greg, Synereo's CSO, is leading the design of Casper, Ethereum's new proposed Proof of Stake blockchain: https://blog.ethereum.org/2015/12/28/understanding-serenity-part-2-caspe He has spoken about the design principles of the technology underlying this effort, what would allow it to scale, in the recent Ethereum developer conference: https://www.youtube.com/watch?v=uzahKc_ukfMAnd appears Greg is the greying long-haired mathematician in Seattle that I've viewed on the same videos.
Synereo is NOT building their technology on Ethereum. Rather, it is Ethereum who are using Greg's decades of expertise in the field, and Synereo technology, to build their own.
Ethereum has provided Synereo with developer grants for this purpose. Hopefully, collaboration will continue in other ways as well. We also believe that our notion of a "smart contract", which we call a social contract, is more advanced, mature and scalable than anyone else's. People in the industry are starting to get a sense of this as well, including our friends at Ethereum. http://blog.synereo.com/2015/03/06/social-contracts-pt-ii/
A comprehensive post going into detail about all of these subjects are in the works.
Feel free to ask any other question about this here or on our slack channel at slack.synereo.com.
Quote from: tokeweed on Today at 09:55:40 AM I appreciate that you're trying to get your argument out. And you do have some points to think about. But this is a time of less talk and more trades. There's profit to be made in this current price run, which could be one of the largest runs we've seen in altcoins.You can't speak for all readers, because you are not all readers.
Quote from: Elokane on Today at 01:16:08 PM 2. Well, we think we have a solution! Would you like to take a look at the post Greg is writing on the subject? We'd value your direct feedback on it. This approach is different from the one Ethereum espoused before, and both Vitalik and Vlad are working with Greg to develop it now.Will do after I finish watching the video.
Quote from: Elokane on Today at 01:16:08 PM 3. We have a mechanism taking into account a few parameters to make it so people who behave in exactly the way you describe have very little, if any, impact on this economy. Generally, we're looking for actions that have high entropy; if "B", your GF, is essentially a copy of "A", you, there's very little information there.Is that specifically covered in the white paper or a design improvement hence?
Quote from: Elokane on Today at 01:23:51 PM He's providing valuable constructive feedback, which we always welcome!Thanks. Academics understand their life is finite and thus peer review in valuable so they don't waste time down a dead end.
|How did you manage to pick up Cryptex?||Great question. This was the inception of Gravitas and tells a really great story of how close the bass music community is. I found Tyler Chase, Cryptex, on The Glitch Hop Forum which was started by Dewey DB and run by ill-esha and a few other glitch hop OGs. Cryptex had posted some of his first reglitches on the site and I ended up playing a few when I opened for Skrillex and PantyRaid at the Austin Music Hall. I posted that mix back to the forum and we ended up chatting over instant messenger about his music and our philosophy on music.|
|What's the philosophy behind your "free music" practice?||The philosophy behind releasing almost all our music for free came from a conversation I had with edIT in 2010. Basically, he said, I know some people are going to download our music for free, some are going to buy it from iTunes and some are going to want to buy a shirt, record and CD of the album. It hit me that what all the artists and myself wanted was for as many people as possible to hear the music. Rather than asking people to buy the tunes and see if they liked it, why not give it to them for free and if they enjoy it, they'll likely donate on the next go around.|
|What goes into your decision to pick up an artist and/or release for Gravitas? Is it a sound, a type of artist? Something else?||Also a great question.|
|The short answer, we know it when we hear it.|
|Long answer, it all happens very organically. The music scene and business is really just a bunch of personal connections and friendships. Having a crew of talented DJs and producers helps so much. We are always sharing music, checking out each others mixes, doing A+R, and looking for the next dope sound or producer. Myself, Psymbionic, ONE4ALL, Galvanix, Jason Torres, and The Digital Connection review demos.|
|In the end, I make the final decision because I personally invest money into each release that comes out.|
|Our goal is for the label to be something like a Ninja Tune or Warp Records. Less of a genre or sound and more of an esthetic.|
|Is the money for mastering and advertising?||Artwork.|
|Promo Email to artists, blogs, and friends.|
|Email Marketing to fans.|
|Marketing / Promotions.|
|There's a lot of over-saturation in the industry, particularly among social media. How does this impact your social media presence and marketing campaigns, and which ways have you found most effective in reaching your fans and potential fans?||Of course, we have a social media presence, but really, our focus is building our email list so that we can have a direct connection with the people that want our music. Email isn't going to go away and isn't a trend. It may change over time, but pretty much everyone I know checks their email at least once a day.|
|Facebook and twitter are more for a conversation. We don't want that to be our sole means of promotion. We want those channels to be funny, interesting and list, in a smart way, the most important events that we are involved in.|
|Can you tell us about how releasing most of your catalogue free is working out for you business-wise, and what went into making that decision? Thanks!||Answered this question a bit already but I'll give you some more details. We're finding that the "Pay What You Want" model is absolutely brilliant. Of course, the music has to be good and it really helps if the artist has a solid fan base. Since it's "free", people don't feel bad about sharing the music and we don't have to spend a bunch of time, money and energy trying to lock it up. For anyone on our email list, which is something that we've worked really hard to grow, they will get pushed to our bandcamp and get the music for free.|
|We still send our tunes to iTunes, Beatport and all the rest of the digital retailers. We want the music to be ubiquitous. But with the retailers taking anywhere from 30-50%, it's just makes better sense to take donations from Bandcamp at 10-15%.|
|Overall, Gravitas is making money and most of the artists that have had releases with us have nothing but good things to say and have seen their bookings increase because of the exposure.|
|Do yall have some big studio where I could come hang and puff?||Sure, let's puff tough at some point soon.|
|What happens at Flipside, stays at Flipside ;). Saw you bring the heat at Lava Lounge! Things got sufficiently weird!||Lol. I've seen some truly bizarre things at Flipside. LOVE IT!|
|Really love what you guys have going down there. MAD respect on the home bass love and respect. 'Gravitas Fest' perhaps ;) ?? Im pretty sure pple would come!! :)||I can say enough about The Do Lab and what they have created. They are one my big inspirations. The true spirit of events like Burning Man and Burning Flipside (Austin's regional burn) are really important. Participation vs. Spectator. Being a part of something is so much more fun and rewarding then paying $80 to walk up to stage and watch a real life movie.|
|If we were to do anything like that, it would be way more participation based then a typical festival.|
|You should do something like the Mad Decent block party.||One day! We've still got a lot of work to do before we get there.|
|Maybe if I produce MIA's new album and have a worldwide hit, everyone follows my every move on twitter and I do a blackberry commercial, then we can do it.|
|Where do you think Glitch-Hop is headed in the future? It seems to have stayed underground for the most part with only a few artists getting major recognition. With the downslide of dubstep, do you think Glitch will be able to find a wider audience and compete with explosive movements like trap or do you think it will remain in it's niche?||The lines are really blurring for me. We're definitely not 100% glitch hop label. A lot of us love that sound but there are parts of the crew that only play house or are all about future beat / drum and bass. We want to avoid getting labeled with any one genre.|
|To answer your question, I think Glitch Hop will continue to thrive and evolve. Acts like Tipper have cult like followings. I don't think it's going to blow up like trap but I do think it will have a healthy scene around it for a good long time.|
|Marvel Years! Love your sound man, just curious why you changed your name from Wonder Years...?||He's getting online shortly. I can answer this. There was another band called "Wonder Years" and they had the copyright. It would have been a bad situation later down the road so he chose to make the switch before he took off which seems like is about to happen any day now.|
|Questions for any/all of you: When did you guys start/how long have you been producing? When did you start actually liking your art/getting exactly what you wanted? Advice for new producers?||I'm 32, about to be 33, and I've been playing music and working in the industry since I was 15. Honestly, I'm still not happy with my production as I don't dedicate the time to it that I would like to. That said, I have a ton of fun doing all the other parts of the music industry. I think there is a lesson there. There are lots of roles to play if you want to be in the scene or business and maybe don't click as a producer. Also, life is long, you may be a producer or DJ in your twenties and then want to own a studio or do mastering in your 30s and run a label in your 40s.|
|Yeah man...more originals please! Always like what you put out...you know this. :)||Thanks! I'll have a new one on Virtus in Sonus Vol. 2. Comes out on July 2nd.|
|For Jesse - As CEO at Gravitas, how do you view other crews/groups in the industry? Is your experience more of competition or is there an element of a "co-opetition" or collaboration?||I don't think of them as competitors. There is loads of people, ears and music to go around. I think we've carved out a really cool niche for ourselves. I know the owners of labels like Muti, Simplify and Street Ritual. We share knowledge and a lot of artists work with us all. It's crazy what a small scene it really is. I can think of a couple situations where we chose not to do something because we didn't want to step on anyone's toes. We're the new kids on the block and know enough to respect those that came before and to try to set an example for those that come later.|
|We still going?||Integrity Above All Else.|
|Question for Gravitas -||Gravitas is one of the latin virtues. It literally means Importance, Weight and Meaning.|
|What values is the record label based around?||Link to en.wikipedia.org|
|What's you guys relationship with the bloom series? it's amazing,, have you any plans to collaborate with the project in the future?||The Digital Connection is up in Denver and will be playing Sonic Bloom. He's hooked into their scene. We know and respect them and I think you'll see more Gravitas artists there in the coming years. Somatoast would be my bet for the next artist to get their nod.|
|Jason, i haven't got to see any of your projection mapping stuff yet. Where can I view this?||Jason is a BOSS with the visuals. The stuff he was doing during SXSW was truly unreal.|
|What's with the infatuation with bass these days?||Music should not only be heard, but felt. Deep bass tones seem to literally put your mind and body into a specific state.|
|@Brede, who is the sexiest talent on the roster?||Male or Female?|
|I'd have to say ill-esha is by far the sexiest. :) It's not even about looks either, confidence and talent are what make a person "sexy". Watch this and you will know exactly what I mean: Link to www.youtube.com|
|My cat is pretty damn sexy too.|
|On the off chance you return, i have a question.||That is awesome that you say that. That is truly where our heads are at. I mentioned this in a few ways already but I want artists that can stand on their own two feet without a label. We come in and back them up with marketing. In return, they bring their fan base to us and the other artists benefit and earn new listeners. It's also, not a demand, but a gentle rule that you will support your fellow artists in their social media and real lives. In that sense, we are a creative collective and crew.|
|What does it mean for a label in this digital world of downloads and online distribution, when anyone can make their own bandcamp page and release music themselves?||In regards to being a brand, yes, that is what Gravitas is. It should speak to you and in some way convey meaning, thought, depth, and integrity. Those are hard things to totally lock down in language but I believe you can hear that in our music. If people even get a whiff of that vibe from us then I'm a happy man.|
|Do you become more of a form of branding, unifying different artists under one sound? Or is it more like a way to get artists to collaborate and share ideas?||In regards to free releases, I'm a student of the Internet. I have worked in tech jobs as an account manager, online and email marketing and webmaster. I love the Internet and there are new models of business that have never existed until the advent of digital media. Files can be shared and copied with a simple mouse click. We're not going to fight that, we're going to take advantage of it. We believe that the free sharing of the music is the first step of any relationship with a potential person / fan / customer. We want you to dig our stuff. We want you to share it. We want to play shows, collaborate, travel and see the world. And we ask that if you like our music, donate to help pay for costs and tell your friends about us.|
|I'm really curious - because you release so much for free, and it seems to defy the definition of what I thought of as a record label.||Thanks for your question. I had a blast answering.|
|I feel like I'm on the Truman Show. Am I in control of my actions right now?||Like I said, this scene is small. We are all connected via social networking and forums in some way. I probably share 2 or 3 friends with you on Facebook or something.|
|ARE YOU CONTROLLING THIS ENTIRE AMA.||And yes, I'm controlling this entire AMA. :)|
|What festivals will you guys be hanging out at this summer, and will there be a gravitas tent/dome anywhere ever? I'll be at rootwire and gratifly, anyone gonna be there?||There is talks of putting together an official artist management and booking agency. Both those ideas need to be separate from Gravitas though for legal reasons and to avoid conflict of interests. That said, the idea is to really back and artist from start to finish. 360 deal for independent artists.|
|You guys have a great label -- I love your music! I think ZEE's album is my favorite album of the year so far. Mr. Bill, when is the next Electrocado album coming out? (I know it isn't on the Gravitas label but shhh.)||ZEE's album was crazy good. More people need to check it out. I'm pretty sure Zebbler is an alien and Encanti is the nicest, realest homie that knows so much about audio and sound design.|
|How is your management structure set up? i.e. CEO/President, director of A&R, etc...||We're really just a group of people who love music. If we had to give titles, I'd be Owner / President, Psymbionic is VP and helps almost everyday with strategy and A+R. Jason Torres handles all things visual. ONE4ALL, Galvanix, Kendall Clark, The Digital Connection, Mike Abb and others help a ton with A+R and promotions. We're a big team and very "flat" as far as structure goes.|
|Thanks. Is it a full time operation for any of you guys?||A few of us are doing music full time. I run Gravitas and another business full time from my house. Others are working day jobs and putting as much time into music as possible. ill-esha gave me some great advice recently about this, you'll know when the time to jump full time into music is. It's scary for sure, but there is nothing else like pursuing your dreams full on.|
|Agreed. I've just started up a label and have some uneasiness about some future situations, particularly generating revenue for the label to be self sustaining. Definitely hoping to be in a similar position in the future.||For sure. When I started Gravitas, I was working full time for a technology company and making a healthy salary. I put a lot of money into each release. I was laid off from my job and we were forced to take a look at the costs and cut back. Honestly, that was the best thing that could have happened.|
|I'd say this, there is definitely an initial investment needed to get the brand of your label out there. You need to be consistent with quality, especially right at first. Paying an established producer an upfront fee, can help to get the label's name out there more and earn some credibility.|
|Haha, I'm actually in a eerily similar situation. Glad to hear things are working well for you! I really appreciate the feedback; I've looked to Gravitas multiple times as an example to follow, and I really appreciate you taking the time to do this!||For sure, feel free to hit me on twitter or here if you have questions. @jessebrede.|
|What are your thoughts on G Jones?||He's a G.|
|Why do you insist on making music that everyone wants to practice making babies to?||The world needs more smart, talented people. Get busy.|
|Can I get a free Gravitas t-shirt?||We're working on a system to grow money on trees. Until then, shirts cost money to make so, sadly, no.|
|We will send you some stickers though. Link to gravitasrecordings.com|
|You guys are in Austin as well, eh? Where are all the glitch hop shows here? That's my question. I see ill-esha/psymbionic comin through on sxsw but that's about the extent of it.||We've put on a fair amount of shows. ChrisB, ill-esha, Russ Liquid, Nicoluminous.|
|We do a monthly every 2nd Wednesday (tonight) at Barcelona. Like our facebook page and get on our newsletter and you should know what the happs is.|
|What are your main sources of revenue? Giving away music for free doesn't generate much.||We all play locally or tour nationally. We've done some paid projection mapping gigs for brands as well. Also,you would be surprised at how much people will donate when given the chance. Rough stats, 1 in 10 people usually donate and when they do it's at least a few bucks and sometimes $20. It's a really interesting psychological experiment.|
|Anyone catch the Opiuo show in Hollywood?||Soulular maybe, he's out in LA. Psymbionic is playing with him this Thursday in Chicago.|
|When will you start accepting bitcoin?||I'm a bitcoin noob. Is this a serious question? I'm down with the idea.|
|Cryptex is siiick! How long have you been involved with this genre of music?||Username fail.|
|Just wanted to say you guys are my favorite label, not only is the music kickass but the price structure and quality is also top notch; keep doing what you guys do!||Thank you, that means a lot to us. All the artists work so hard on their music and truly just want to share it. We love to hear that you are into what we are doing.|
|The scene in Austin is probably pretty similar to most fairly large cities in the US. Proggy/electro house is the norm for most clubs. I feel like we have a larger than usual bass music collective, most likely due to the college students and burners that reside here.||Ill-esha is AMAzing. :) Austin is great. It's a true scene at this point. The city is maturing and so is the scene. Loads of great things happening at this point. Disco Donnie Presents had the scene hostage for a number of years, they kept a lot of smaller promoters out and down while losing tons of money and booking the same 30 djs. Those days are over in Austin. We have several independent promoters that are doing solid shows on the regular. The most unexpected thing to happen was having people respond so positively and for projects to take off. We're in our little bubble so seeing people truly get excited about a Mr. Bill remix contest or ill-esha album puts the biggest fucking smile on my face.|
|We also have our pockets of drum and bass enthusiasts, dungeon style dubstep, and my personal favorite, UK garage.|
|I always thought it was to distinguish yourself because whenever I googled wonder years, your music is obviously not the first thing that came up haha. Anyway, thanks for doing this AMA! I am always posting your music in /electrohiphop, /under10k, and /listentothis.||I can confirm this. Starkey has mad love for ya.|
|This dude is absolutely killin' it in the weird GlitchJuke Purp-Fusion realm. Hope he continues to push the boundaries. Thriftworks is on a whole 'nother plane, though. We need more of this sound in Tennessee :[||Thrifworks is on another level. His field recordings and "found sounds" are probably my favorite of anything in that style. Absolute boss status.|
|Hell yeah. I was so stoked/surprised to hear he was touring with Lorin. But goddamn, there's nothing else like his stuff that I'm aware of. Hyper-dimensional uncertain shroom-hop. The way he processes vocals is untouchable.||I believe he studies at Berkely. He's posted some pictures of places where he's working. His process looks so cool.|
|Psymbionic handles the majority of the mastering for the label and every once and a while I will master something for us.||Sugarpill has done a good bit as well.|
|Lidsky is a friend of mine, and I absolutely love his music. He's pretty new to the label but he is the shit.||Yup Yup!|
|Spoiler alert bro.||Whoops.|
|Dinostep was a project 50 million years in the making, I did not expect to hear any mentions of it in the AMA. I sampled all of the audio from Jurassic Park and chopped up my favorites bits creating a dark journey through the aural landscape of Jurassic Park. Life...finds a way.||Link or it didn't happen.|
|Started in Garage band in 05. Switched to Ableton in 07. Made a lot of terrible terrible music. But I was having fun and that helped me keep at it. Just remember what Ira Glass said: Link to behance.vo.llnwd.net.||Absolutely bizarre that you posted this. Our very own, Nikki Hampson, designer of the Gravitas logo and Virtus In Sonus artwork, made that poster. It's for sale in our merch shop. Maybe that's where you got it but doesn't look like it.|
|Link to music.gravitasrecordings.com|
|Yeess. I keep forgetting that quote. I need to frame it in... everywhere I go.||Get it here: Link to music.gravitasrecordings.com :)|
|Hit up [email protected] to book him ;)||[email protected] please.|
|Just in case one rips, that is a great idea.||I keep a spare in my car as well.|
|We'll see. That remix really surprised me with how much it took off!!||Link to soundcloud.com|
SoundCloud is a music and podcast streaming platform that lets you listen to millions of songs from around the world, or upload your own. Start listening now! Comments. Make sure to make use of the "downvote" button for any spammy posts, and the "upvote" feature for interesting conversation. Be excellent. I find that new shows in my reader (Podkicker) show up as "null" and won't download. They get stuck at 0 bytes. Anyone else have this problem? Welcome to episode 74 of The Bitcoin Game, sponsored by eToro. The Bitcoin Game has been a featured podcast on the LTB Network since 2014! A few facts about David Jevans: In the late '90s, David attended monthly Cypherpunk meetups in Palo Alto. David hired Nick Szabo to help with IronKey (David's previous business, a secure USB product). And David is currently the founder and CEO of ... Click to download audio version. Be the first to hear new episodes on the Mad Money Machine Only Feed, or subscribe to the LTB Network Podcast Feed for free to automatically download new episodes of all the shows including Mad Money Machine!. Shownotes for Episode 14 of Mad Money Machine: No Foolin’ What's the difference between Bitcoin and my iPhone?
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