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RE: Ep. #523- $55,000 Bitcoin By 2022 / IRS Recedes In Court / TenX Pay Token Drops 100% / 7ype / More!
Definitely one of my favorite yet. Might have to check that ico out. Also, that clean cut is killer man. Keep em coming.
Checked out 7ype - can confirm seems legit even though website looks a bit 'old school'.
Highlights include:
20 feature films already signed up to the service
The whitepaper is very easy and simple to read
The Roadmap appears to be quite realistic.
~7 days left on the '50%' discount period.
Oh and bonus the main guy on this project was an actor in Rogue One: Star wars story (Samuel Victor)!
Agree, I read the whole whitepaper today. It is actually like a pre-whitepaper for information ahead of the pre-sale and there will be a longer more detailed whitepaper coming out before the full price ICO starts on 17-7-17. You can tell reading the paper that he has been working on this concept for many years and is really committed to making it work. He is pinning his reputation on this and is flaunting it through his twitter (where he is followed by the Barack Obama himself) and other social media accounts. At the same time he is not aggressively marketing or advertising the ICO and will be happy to go ahead with however much finding they receive.
One thing I learnt from the white paper is how convoluted and rigged the whole movie funding scene is. Is makes sense that the big dogs are dominating distribution and using it to hog all the profits, he explains this really well (better than me).
One risk is that movies made/funded through this channel will be shunned by the big distribution companies like Universal Pictures and whoever else. I see this as a fairly low risk considering his network and the network of the other people in the movie business who will be involved and invested in this project. Another is that all the initial films produced are flops and don't make any money to pay back the initial investments. This risk could be mitigated by Samuel investing the proceeds of ICO that are not yet spent in BTC, ETH and DASH as per he suggests he will in the whitepaper which could provide much more money to make movies and pay back the original investments.
Alternatively I think this project could see massive support from the film industry from people who want to see it success for the good of the industry and the good of more original ideas and artistic creation coming back into films. If it does averagely well it would pretty quickly become well known you would think among the producer and acting communities and they are great candidates to invest, participate and support the project and you could see some famous actors keen to get involved through pure interest and support for their own investments in the project.
One final point I would make is that because this ICO is capped and capped at quite a small limit if people do get wind of it and there is substantial interest people are likely to miss out and the very limited supply when it becomes available could see high demand as happened with the majority of early stage ICOs. So it could make a good trade, although I bought a couple hundred bucks worth and I will be using it to help fund some cool movies - and then hopefully get them back as per the intended rules of the project once the slate of movies make a profit :)
Thanks Crypt0 for giving him the shout out and me the chance to research it and get in early! You should all check it out especially if you like movies!
Sick! Thanks for doing the research. Now I'm super stoked.