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Old 09-23-2017, 07:23 AM   #31
mday
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Originally Posted by WalterB View Post
In other words they ride the cryptohype by taking money from fans, giving them tokens that are connected to 1 artist or project. Or they take money from fans to give the artist tokens.
Or do artist and fan/investor both get tokens?

To me it just sounds like a middleman taking real money to give back tokens that need to be exchanged again befoire they can be spent in the real world. So they can take their commission twice.

If all tokens go to the artist: there is no incentive for investors.
If only half of the tokens go the artist and half stay with the investor who hopes it will increase in value what will that do? Will it motivate investors to motivate others to invest in the same artist and thus increasing demand for those tokens?
If that is the case it is just some blockchain multi-level-marketing scheme that comes close to a ponzi scheme.

An artist needs to spend money to create what was promissed. This means the artist has very little room to wait and benefit for a possible long term increase of the value of their tokens. So, where is the added value?
Actually there is added risk: there is a change that the tokens become worthless and a production can not be finished.

Yeah, I'm a bit sceptical, because I feel that the tokens are artificially put into a crowdfund construction.
Well the platforms intention is to provide easy and transparent way to (this is what the blockchain is for) produce works and fans can support artists by getting piece of the artist in a way (tokens)..
So artists would hold some of the tokens and public/fans some.
There's going to be accounting, payroll payment modules etc. with that platform, everything is transparent.

look at the https://singulardtv.com or ask questions as https://slack.singulardtv.com from the team,
I am not part of the SingularDTV team.

Modules are more explained on the website, best is to ask around at slack.singulardtv.com, the team is present there almost 24/7.

Last edited by mday; 09-23-2017 at 10:52 AM.
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Old 09-23-2017, 08:21 AM   #32
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Also its intended to be publishing portal for your work. So also a platform for people to buy your work by credit card for example. Movies, tv series, music etc. Other creative works.
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Old 09-23-2017, 07:50 PM   #33
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Well the platforms intention is to provide easy and transparent way to (this is what the blockchain is for) produce works and fans can support artists by getting piece of the artist in a way (tokens)..
So artists would hold some of the tokens and public/fans some.

.......................
How does the artist acquire tokens?
How many tokens does the body of work of an artist entail?
What if the public buys all the artist's tokens? Or is that impossible?
Or is this a blochchain version of Zivity where the public buys tokens a gives them to artists?
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Old 09-24-2017, 12:54 AM   #34
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How does the artist acquire tokens?
How many tokens does the body of work of an artist entail
What if the public buys all the artist's tokens? Or is that impossible?
Or is this a blochchain version of Zivity where the public buys tokens a gives them to artists?
Theres going to be a web app called tokit & launchpad these are going to be used by the artist. To create those tokens and setup everything.

Dont know about the token amounts, maybe adjustable. Talking maybe millions and more.

Dont know the details as of yet, it could be 50% of the tokens are available to public or adjustable amount, so public cannot buy all. If they buy all the 50% guess that is going to push up the price of the token then. So the artist has the rest 50% with those prices.

Nope.

There is no definitive answers yet, as the platforn is going to be released in around 2 months..
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Old 09-24-2017, 12:55 AM   #35
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Alex Winter to direct blockchain doc for SingularDTV, Futurism Studios (exclusive)

https://www.screendaily.com/news/ale...122581.article
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Old 09-24-2017, 01:06 AM   #36
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Dont know the details as of yet, it could be 50% of the tokens are available to public or adjustable amount, so public cannot buy all. If they buy all the 50% guess that is going to push up the price of the token then. So the artist has the rest 50% with those prices.
Is this the same kinda thing as incorporating a production studio or film project and selling shares?
Sure sounds that way...

So where do we sign up? How can we submit our projects for tokenification?
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Old 09-24-2017, 01:23 AM   #37
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Is this the same kinda thing as incorporating a production studio or film project and selling shares?
Sure sounds that way...

So where do we sign up? How can we submit our projects for tokenification?
When the project launches in a couple of monts, you can do this yourself.
For now if you are interested, introduce yourself,projects, maybe content you already have and are looking to distribute/sell by emailing: contact@singulardtv.com
Or visit https://singulardtv.slack.com and introduce yourself and ask around questions, SingularDTV team is there to answer.
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Old 09-24-2017, 01:43 AM   #38
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Might just have to take you up on your suggestion and see how deep this rabbit hole goes.
Thanks for taking the time to raise awareness for this opportunity.
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Old 09-24-2017, 06:30 AM   #39
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Theres going to be a web app called tokit & launchpad these are going to be used by the artist. To create those tokens and setup everything.

Dont know about the token amounts, maybe adjustable. Talking maybe millions and more.

Dont know the details as of yet, it could be 50% of the tokens are available to public or adjustable amount, so public cannot buy all. If they buy all the 50% guess that is going to push up the price of the token then. So the artist has the rest 50% with those prices.

.............
And seems like a big caveat to me.
The public puts in money to buy tokens.
Who gets that money?
(My guess: SDTV gets the money, since they need to cough up the money as well when the public sells the tokens. If that is the case: the artist is not raising money, but driven demand for tokens, hoping his own token amount becomes more valuable. Since every artist has his/her own tokens you can not expect BitCoin like develepments from 5cent to $1500.
Since tokens are not shares: what incentive is there for the public to 'invest'?)

And then there are the artist's tokens: will the artist just get them for free?
Or does the artist need to buy them as well?

If the artist gets to keep 50% of the tokens and has to pay for them this systeem will not be profitable until the tokens go up over 100%.
If the artist gets to keep 50% for free this will means you can not just exchange the tokens for money, but you really need to sell them, or the tokens will be extremely volentile once you start selling.
Why?
Imagine:
I have 50 tokens as an artist.
I buy 50 tokens as 'public' for $50,-
This sets the value to $100,-
If I can just sell them all for this value I make $50,- profit and put SDTV out of business.
Unless I had to pay as an artist as well or unless the value drops rapidly when selling. (In both those cases it is very hard to get the value of what the public has put in it: and that raises the question: why would you try to finance a project if most of the money put is will slip through your fingers?) Or you only can sell them if there is real demand, which would mean the tokens can be only traded like a commodity if you find a buyer and all tokens can be owned by anyone but the artist. And that sounds like bundled complex financial products which's value has no longer a true connection to what is being sold (the 2007 crisis dynamite :p ), but without being it a real share of possible profits to be made.

Last edited by WalterB; 09-24-2017 at 06:36 AM.
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Old 09-24-2017, 08:58 AM   #40
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Since tokens are not shares: what incentive is there for the public to 'invest'?
Walter, I think SDTV is trying to say you're investing in the artist, so the tokens are shares in the artist. There's a video way earlier in the thread about David Bowie selling shares of himself. But I just read about that now & what Bowie actually did was sell 10 year bonds in 1997 based on future royalties from his existing hits. So the bonds were backed by the strength of his music & his popularity.
https://en.wikipedia.org/wiki/Celebrity_bond

So it looks like SDTV needs big Film/TV artists who are as successful as Bowie. They need artists with great catalogs of work that collect royalties so they can attract investors. Who is going to invest in an artist that doesn't have the same stature & body of work?

But the bigger problem is how people access the tokens. You're given several number codes to access your electronic wallet. It says if you lose those codes, there's no way to retrieve them, so you've lost your money forever. Yikes.
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Old 09-24-2017, 10:58 AM   #41
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Walter, I think SDTV is trying to say you're investing in the artist, so the tokens are shares in the artist. There's a video way earlier in the thread about David Bowie selling shares of himself. But I just read about that now & what Bowie actually did was sell 10 year bonds in 1997 based on future royalties from his existing hits. So the bonds were backed by the strength of his music & his popularity.
https://en.wikipedia.org/wiki/Celebrity_bond

So it looks like SDTV needs big Film/TV artists who are as successful as Bowie. They need artists with great catalogs of work that collect royalties so they can attract investors. Who is going to invest in an artist that doesn't have the same stature & body of work?

But the bigger problem is how people access the tokens. You're given several number codes to access your electronic wallet. It says if you lose those codes, there's no way to retrieve them, so you've lost your money forever. Yikes.
Bringing awareness of the blockchain technology to the masses is also one of SingularDTVs mission. As seen in earlier post they are doing a documentary about it.

There are also other wallets you could use, but I think SingulsrDTV are doing tutorial vids that they also launch. Currently there are call centers around the world to help, also a chat at the singulardtv site.

Last edited by mday; 09-24-2017 at 12:17 PM.
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Old 10-09-2017, 11:35 AM   #42
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Tokenization About To Commence! 09 Nov 2017 #GRMTK #TokenLaunch @Gramatik

https://twitter.com/SingularDTV/stat...07049557913600

Tokenization About To Commence!
🎆09 Nov 2017🎆
#GRMTK #TokenLaunch
@Gramatik @SingularDTV

#Decentralize #Disrupt
#Music #Entertainment

SingularDTV should be launching a few days before.
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Old 10-10-2017, 05:55 AM   #43
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Walter, I think SDTV is trying to say you're investing in the artist, so the tokens are shares in the artist. There's a video way earlier in the thread about David Bowie selling shares of himself. ...........
But that was Bowie selling his shares.
Now we talk about a platform that does not own the artists work, but is selling tokens.
And the who gets the money from the sold tokens isn't even answered in a straight way.
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Old 10-10-2017, 11:08 AM   #44
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But that was Bowie selling his shares.
Now we talk about a platform that does not own the artists work, but is selling tokens.
And the who gets the money from the sold tokens isn't even answered in a straight way.
the platform is just the enabler, artist still sells his/hers tokens.
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Old 10-10-2017, 11:11 AM   #45
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You can have the best idea in the world but if nobody "gets it" right away, or the learning curve is too steep, unfortunately, those are the ideas that flop. I'm afraid this is still too complex and needs to be broken down for someone to land on your site, and within 5 seconds, say "wow what a great idea!" Or else they will move on.
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