Company Decent / Decent Foundation Value Proposition DECENT is a decentralized content distribution platform that utilizes blockchain technology to ensure trust and security. The platform will be open source. Freedom from censorship, fair rewards for publishers and anonymity (if so desired) are mentioned as key advantages. Whitepaper Customer Segment Content producers, content consumers, miners (called "Publishers" by Decent). Technology The whitepaper is not yet entirely clear on the tech stack that will be used. Blockchain technologies are mentioned, Kademlia DHT and Bittorrent for content distribution. Apparently, parts of the software are already in development. Team The company mentions a Swiss and a Slovak office. There are three Founders: Matej Boda, Matej Michalko and Wayman Kwan. The core team consists of 13 persons total, plus four ambassadors and four advisors. CV Matej B (from their website): Matej was always interested in new technologies and future progress. During his studies at the Technical University in Bratislava he took an internship in BMW Munich as a technical concept creator. Although his background is in applied mechanics, he became involved in blockchain based technologies in 2013. Fascinated by the decentralized protocols, he was interested in the cryptocurrency mining at first. Since then he has supported the community by helping to organize events such as Central European Bitcoin Expo Vienna and Bitcoin 2 Business Congress Brussels, advising on mining technologies and discussing future possibilities for blockchain. Currently he is focusing on the main project – DECENT platform – he co-founded. CV Matej M (from their website): Matej’s interest in online privacy was fueled first while studying Computer Science at the Swiss Federal Institute of Technology in Lausanne where he completed a project concerning the privacy protection of mobile phone users for Nokia Research Center. Since then he became more and more involved with Bitcoin. Mining at his own laptop in the beginning, then organizing cryptocurrency conferences around the world (Austria, China, Belgium, UK, …). He also founded the first Bitcoin Marketing agency in the world. Matej has operated from multiple countries, including the UK, Isle of Man, Switzerland, Slovakia or China. Since the beginning he is passionate about the immense potential of blockchain technologies. Thereby, he founded DECENT last year. CV Wayman Kwan (from their website): Wayman Kwan is a venture capital investor partner of Elements Capital LLC, USA. He was responsible for the business development, financing and promotional activities in several international companies. He founded a private information services team providing finance and investment advice to the companies around Asia and became a partner in Malaysian and Chinese Joint Venture. He is a well-recognized investment advisor and also participates in many other non-profit and charitable organizations such as Rotary International, Negeri Sembilan Royal Anti-drug Association and Malacca Shooting Association. Team Page ICO offering details ICO starts at 1:00pm GMT Sunday, 11th of September. Duration: 8 weeks. 70% of the total available DCT ("fuel of the network") will be distributed initially, 30% will be made available to miners later on. Of the initial distribution, 10% of the tokens go to the Decent Foundation, 2% go into an "Investment Fund", 1'000'000 go to the bounty program, 3'000'000 go to the marketing program. The rest is sold in the ICO. I did not find the total number of tokens to be created, only percentage numbers. Sale starts at 5000DCT/BTC (+50% bonus on the first day, up to 10M DCT), going down to 3000DCT/BTC over time. Update: Decent just reiterated that "The final amount of DCT will be determined by ICO results. DCT distributed during ICO will represent 70% of the total DCT ever issued." on Bitcointalk. I find the combination of relative and absolute numbers a bit confusing, but in the end, 70% seems to go out to ICO participants (plus the devs), 30% to miners. Update 2: Decent made the 50% bonus "dependable" by removing the 10M cap and prolonging it until today (September 11th), 11PM GMT. Good reaction. ICO page - Homepage Donations Since we are talking about paid content: in case you'd like to make a small donation to the writer of this post, please send your Satoshis to: 1JsiFGmKZvr3iR4KejpMswmapCoB2oWsog
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Actionable tips for perseverance for entrepreneurs
https://medium.com/@JoshBlatchford/perseverance-entrepreneurship-418aa190df3f In case you hate clicking links: For those who do not know me — this is my first Medium post after-all — I am the Managing Director of Bitnewt, which is the leading Bitcoin marketing agency. This is my first startup I have founded and, while I knew it was going to be hard to create a successful business, I did not expect it to be quite this hard. Depending on the industry you are in and your level of luck, I believe that if you get everything perfect — right product, right market, right time — you will do well to earn minimum wage inside of 6 months. This is primarily for two reasons: a) it is hugely time-consuming and b) 90% of your revenue will go on costs and reinvestment. Therefore, one needs a lot of perseverance to make it through the rough side of entrepreneurship, before they can become successful. I’m convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance. — Steve Jobs During the short time I have been in an entrepreneur, I have quickly had to find ways to keep my perseverance and morale high. This is despite already being quite a motivated person. I am going to share some of those tips with you. While these tips could be useful to anyone, entrepreneurship is such a huge roller-coaster that messes with your emotions unlike any other job. For this reason, entrepreneurs will find these tips most relevant. Have free or low cost hobbies Psychologically, it helps massively knowing that if everything goes completely wrong you do not need money to keep yourself happy. For me, running is an activity I can enjoy even if I became homeless. If your primary hobby is expensive, like car racing for example, you should think about and develop other free activities that make you happy. Talk to no one, or everyone Talking to friends and family is the biggest mistake I made when starting a business. It adds unnecessary pressure and people develop sky-high expectations of you. Conversely, it does make you think ‘Oh crap! I gotta make this work or I am going to look like a bit of an idiot…’ So should you talk to no one or everyone? If you have natural and internal motivation, tell no one about what you are doing — the cost of the external pressure outweights what you gain from the motivation. However, if you lack an internal drive to slave away everyday, tell everyone — the cost of the external pressure will be less than the boost in motivation. Bounce back By ‘bounce back’, I mean quickly recover from set-backs. When you lose a potential client and you are feeling terrible, the last thing you should do is work on aspects of your business than are only going to produce results over a long time period. Instead, try and gain a ‘quick win’. This is something that can improve your business immediately — albeit in sometimes a small way — and boost your morale. An example of this might be losing a potential client, and then immediately sign another. The quicker you can bounce back, the better. Take a full day-off (occasionally) The general mindset of an entrepreneur is that you are always working, but might take a break to do something else. There is a high risk of burnout for entrepreneurs with this work ethic. Taking a full-day, and by that I mean really a full-day, your mind resets and you can start fresh tomorrow. While Sam Altman recommends powering through burnout, if you can avoid burnout altogether, you will be more productive and persevering in the long-run. Make Yourself Laugh This is probably the most important piece of advice I give. And it is particularly important during the real, real dark days you will come across. There are two specific things you should do, on a daily a basis and as and when you are having a rough day. First and foremost, adopt a mentality of not giving a f*ck. You need to be able lose a client and laugh at them, rather than feel sorry for yourself. Not taking anything too seriously lets you have a mindset where you can laugh at what a world of hurt you are in. Secondly, when you need it most, do things that make you laugh. If I am feeling down and having a bad day, I take a break to watch funny Youtube videos or reaction gifs. Sometimes you just have to say ‘Screw it’ and enjoy yourself, instead of digging yourself into a rut. Watch motivational videos This is very, very cheesy advice — and also somewhat obvious — but they do work. Although you should find videos that have personal relevance and meaning to you, I highly recommend: Steve Jobs’ Stanford Commencement Speech How Bad do You Want it? J.K. Rowling’s Harvard Commencement Speech Again, sorry for the cheesy, or obvious, videos! Concluding remarks Thank you for reading my first post. If there are any tips you would like to share, please let me know — we all need as much help as we can get! I would also like to add that finding a role model, who you know personally, is also beneficial; it is easy to ask ‘What would they do?’, if you actually know how they think.
I have recently made my bitcoin marketing agency into a limited company, which now means I need to keep financial records. Does anyone have a simple breakdown of what I should keep track of and a good system that works for them? My marketing agency, for those interested: http://www.bitnewt.com/
Mysterious major marketing agency wants to promote Bitcoin Cash
*edit - just to be clear - don't send any money to anyone based on this thread. I want to start a discussion, not a specific campaign. *edit2 - related and quality discussion by johnnydorko Was having a talk with whatwouldsatoshido (apparently works for a mysterious major marketing agency) about a large scale Bitcoin Cash marketing campaign. I thought their summary was pretty good:
campaign to take away the fear of crypto ("it's too complicated, money for drug users, money for nerds")
Maybe small projects too:
If we can create a "good" case for us which we can use for marketing awards, then we can work with small projects.
Overall, I agree that Bitcoin Cash could use a coordinated marketing effort regardless of Libra and other stuff going on. Bitcoin Cash has the best fundamentals for a global, permissionless money that works for everyone. The fundamentals are necessary but are they sufficient? You can be sure that Libra will be marketing for itself and against Bitcoin Cash. If you do not believe me, read their white paper. You should get chills because they have been paying attention and adopted all of our language (it is doublespeak, but still they are using it). Look at nchain as well - absolutely flooding social media and manufacturing other events in meatspace. It is easy for them since they control the whole coin. It will be harder for Bitcoin Cash to coordinate one.
Community & industry funding for protocol and node development: Good
Community & industry funding for coordinated marketing: Good?
I was able to tell the mainstream media what we really think of the Foundation :)
Here is a link to the article: http://www.managementtoday.co.uk/news/1306983/how-bitcoin-went-legit/ Here are just the relevant parts: ‘It’s a less formal [style of] regulation,’ says Josh Blatchford, the founder of Bitcoin marketing agency Bitnewt. The idea of the Foundation is that ‘you can’t have decentralised everything - some people have to do the decision making process and make changes themselves.’ But all is not well at Bitcoin HQ. There have been reports of in-fighting between the Foundation’s founders. In May, 10 of its members quit when Brock Pierce, a former Disney child star, was elected as a new director. ‘It’s hard to say whether the Foundation will continue and be successful,’ says Blatchford. ‘At the moment it doesn’t have a very good reputation among the community. It’s perceived as just a collection of wealthy individuals who claim ownership of something they don’t really own. It’s a bit of a land grab.’ And here is some self-promotion ;) http://bitnewt.com/
I have recently started a bitcoin marketing agency, with only investing in web hosting. We are generating approximately £1000 a month. I was considering apply for a low interest start-up loan, which is provided by a scheme virgin is running. This would also be a great networking opportunity and a chance to get some guidance from successful entrepreneurs. However, I am just not sure what I would use the money on. So my question is: if you had £5000 /$8400 to start a marketing agency or get one off the ground, what would you spend it on?
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