My take on Vivacoin

in vivacoin •  7 months ago

2018-02-27 20.31.10.png

Where I come from, there's a tradition that, by the end of the year, you summarize where you've been and make a roadmap for the coming year.
One of my resolutions was to start 2018 with a long post about the current Vivacoin situation including the call for removing William Banks from the position of CTO.
When the first rumors of "William being unavailable for the immediate future" came out, I thought that the Viva Holdings board had done what I had been proposing.
As we know now this wasn't the case.
The situation started to unreel so I thought I'd take a pause to see where things are heading, but now I think I'll make a move.

I think I was the second person who ever bought a VivaCrown. It was on a Steemit auction in 2016. The reason was that by that time my short honeymoon with Steemit was long over. In my opinion, Steemit was at that time ( and to a big extent it is also now), rather a proof-of-concept than a real product. But it didn't look like there was more development ahead on the roadmap. So soon I started to think about how I would have designed things differently, and Vivacoin presented quite a few ideas similar to my own.
However, when it comes to my first Crown, I've come to consider it to be like rather some sort of donation to reward Viva for its excellent presentation. I didn't really think the project would actually lead to a successful launch, as the initial way Crowns were sold was obviously too extravagant, to put it mildly.
But while taking part in Alpha-testing before the Viva ICO, I've started to change my mind.

One thing appealing to me was that William was flexible enough and usually didn't hesitate to change things which didn't work as initially intended.
And, of course, his productivity was appealing, too. Unlike Steemit, where to implement one minor thing might take ages, here it was done before you knew it.

I'll give one example to illustrate this point.
Those who have been on Steemit long enough know that initially SP was locked for two years here. Later on, it was changed to 13 weeks under the pretext that "investors do not like to be trapped for so long".
I was in strong opposition to that change. The solution for "trapped" investors seemed to be quite obvious to me - just introduce an internal SP market so those who need a quick exit could dump their SP for liquid Steem.
But, of course, seeing how things are done here, there's no point to even dream about that.
However, for Viva, things were different. As we know, William used to say that the whole idea of Viva/VIP was "stolen" from Steemit's Steem/Steem Power system.
But unlike Steemit, the Viva/VIP market was introduced overnight. One day he mentioned it and the next day we had it.

So by the time of ICO in May 2017 I was ready to invest more. It was quite reasonable to expect that if the Viva team had more funding to hire more developers they would be able to deliver some awesome product.

As we know now, that didn't happen.

Also, VivaCrowns were supposed to be exclusive licenses to operate a mint on the Viva blockchain, but there's no sign that any development on the "Viva blockchain" has taken place. ICO funds apparently were spent on "payroll, lawyers, and data center" and so on (and these are just rumors, as there are no documents that have been made available so far).
However, it's certain that no extra developers were hired and William himself apparently spent all his time on developing the Tradeqwik exchange.
Since TQ was always supposed to have been "a private business on top of Viva blockchain", directing all the available working hours to develop some private businesses and neglecting the actual purpose of the ICO seems to be rather trust breaking.

As the first news about "a bug on TQ leading to missing funds" came out I didn't worry too much, as I expected "TQ funds" were rather small and the ICO funds big enough to cover the eventual loss. As we know now the amount of these missing funds were quite bigger than expected, including some loans from TQ partners as well as the ICO funds already spent by then. So, actually, VH was just agonizing over the loss from October onwards, all the while promising us some "exciting news next week".

Seeing how VH deals with people and with situations, even in case of the best possible scenario (the lost funds mysteriously recovered and all the charges against William dropped) I've made the decision to not support VH in any way in the future.

I guess that VH's plan for now (assuming there's actually anyone still on board) would be to just play for time before the official bankruptcy, thus making it difficult for the newly appointed trustee to revoke previous swaps that have dissolved ICO funds.
Then, they could suggest to creditors to be paid by some "consolatory token" that maybe somehow, someday would then be bought back by VH.
At that point they would announce a new ICO I guess.

As I said, this possibility doesn't make me excited at all. I think that before starting to "unfuck the world" as the former VH CEO once put it, the Viva executives have a lot learn about how to unfuck the people right next to them.

According to the Vivacoin announcement on Bicointalk:

To date, 4000 Crowns have been issued to early investors and developers; 6500 new Crowns will be offered during our ICO

The exact distribution was never disclosed so I'll take the liberty to make some estimates.
Only 190 Crowns were openly sold on two Steemit pre-ICO auctions in 2016.
A corresponding amount was probably sold on OTH deals.
So my estimate is 1000 Crowns for each of Viva's three founders and about 500 Crowns spent on bounties.
6500 Crowns were supposed to be issued for the ICO.
Just about 200 were sold on TradeQwik for crypto and maybe about 300 were sold for fiat, leaving about 6000 Crowns remaining the property of Viva Holdings.

That means the founders control about 90% of this project.

I think that maybe every single crypto project is plagued by a similar distribution.
For example, Steemit started just like that. For a regular investor, the only hope is that founders will act responsibly.
However, for Viva, it's safe to conclude that it wasn't the case.

So one of the scenarios I would consider for eventual future development is VH liquidated and replaced by "VivaFund". VH's founders shouldn't get a stake, which would allow them to further direct this project. That would mean they would have to burn probably 90+% of their stake.
This scenario would have the advantage of keeping the "Viva brand" alive.
To be able to say "Yes, Viva had its problems in the past, but were able to solve them successfully" would be, actually, quite beneficial for the project.

The other option would be just to start a new project, crediting everyone except founders and people who had received some unreasonably big bounties with newly created tokens according to their Viva balances.
Since the "Viva brand" doesn't really have much value (and as I understand it the "Viva code" is mostly useless anyway) maybe this scenario would be preferable in the and.

It would be just like a "Fork", except that there is actually nothing to fork.

I do have experience being a board member for a non-profit Fund running solely on a donation basis for many years, and I can verify that you actually don't need millions of dollars to build something useful.
It's amazing how much can be done with maybe a hundred people contributing around $100 a month, provided the money is not spent to provide a luxury livelihood for executives.

The problem with that scenario, however, is that I do not have experience on participating in remote running projects (or better said I have negative experience).
As I've seen, as long as core team members of a project can have personal meetings at least 2-3 times a month, everything can go just fine. If it's not the case - everything collapses quite quickly.
And it looks to me that the "Viva tribe" is quite widespread globally. To eventually create a "VivaFund Board" that would be able to meet regularly would hardly be possible.

As for the core Viva principle of "stable currency with the supply regulated by minting/unminting process", the TQ experience (also disappointing in many other ways) did rather convince me of its reliability, if implemented properly.
And I also think that we actually do not need "a multi-dimensional graph", as William put it, to make it work. An old-fashioned one-dimensional blockchain would do the trick just nicely, so I'm all for a second try. But for the reason mentioned before I'm rather pessimistic, considering the possibility of developing the Viva blockchain as a community project. And, unfortunately, I do not know any blockchain developers personally, let alone affordable blockchain developers.

Thinking about how this second try could be done, I have realized that the announced SMT tokens on the Steem blockchain might be just what we need. The explanation given about SMT tokens was rather vague but it seems that

  • we'll be able to create our own tokens to play with on top of the Steem blockchain;
  • we'll be able to trade them on internal Steemit markets for Steem and SBD; and
  • we'll be able to send it p2p to other Steemit users, and that's actually a feature which wasn't implemented on TQ.

So, of course then we could credit everyone with SMT-Viva, SMT-VivaCrowns, SMT-VIP and so on according to the snapshot of TQ balances, but we could actually do more than that: we could also create internal Viva assets like SMT-BITCOIN, SMT-LITECOIN, SMT-EOS and so on.
William used to insist on the instant conversion Viva to iV-assets and back, also quite a few people pointed out that it leaves it open to price manipulation. Instead, we could borrow from the Steemit principle, which requires 3 days to make internal conversions from SBD to Steem.
And we could use an average conversion price over these 3 days as well.
And, of course, there's no real need to represent every crapcoin with $100 daily volume. We should only choose established coins with at least a few people interested in.
That would make it quite resistant to manipulation. The best thing, though, is that to start it running we would not need any coding at all.

Initially, the participants could just transfer SMT-Viva to a technical operational account with a memo like "mint ivEOS" and a committee of a few trusted members could process it manually over the course of 3 days and then send back the "ivEOS" (Steemit does support multi-sig transactions, FYI). The same would apply for reverse conventions aka "unminting".

Initially we also should set a minimum conversion amount at something like $100 to restrict the number of transactions.
Also, at the first stage, there probably wouldn't be any dividends. Instead, the conversion fees could be just burned.
Later on, when the system gets a bit more established, a protocol to automate all the transactions and distribute dividends could be coded, but this seems to be quite an easy task. I believe we could find someone to do it just for a few bounty Crowns.

So far I couldn't find any reason that would prevent me from starting that project once SMT tokens are launched. Of course, the best start would be if we could onboard as many people as possible from the Viva community, but I wouldn't hesitate to start with just a few people, just like Satoshi did back in 2009. ;)

However, the bad news is that there are no SMT tokens so far and sadly Steemit as a platform seems to not be very reliable for delivering on its promises either.

So, is there something we could make to give at least somevalue to Viva assets right now? I think the answer is yes, and it could be done with the help of Steemit as well.
Let me explain how.

Even without SMT tokens, the Steem blockchain allow for the creation of sub-chains to support custom-issued tokens. The first experimental Pocket-token was already created half a year ago. More information about you can find here.

https://steemit.com/pocket/@biophil/pocket-announcement

Do also pay attention to the comment left there by Steemit inc CEO Ned Scott (@ned).

I've already asked the author of Pocket and he answered that "he could be convinced to help" to create a protocol for pocket-Viva tokens.

Unfortunately, unlike SMT, these tokens cannot be traded on the internal Steem market. Also, these tokens wouldn't be visible in our Steemit wallets, but we could trade it p2p and it would also be possible to make a getaway to trade it on Bitshares ( the Bitshares getaway for Pocket was made by @virtualgrowht and I believe he is a Crown holder too).

Let's say people interested in developing "Pocket-Viva" could together delegate some considerable amount of Steem to a "Poket-Viva" account, so it could make say 10 upvotes daily worth $1 each.
We could start to sell these upvotes to the highest bidder, but charging pocket-Viva instead of SBD. People will have to transfer pocket-Viva to the operating account in order to get an upvote.
Let's say Alice transfers 5 Viva and Bob transfers 6 Viva.
Bob will get an upvote, and Alice will get upvoted next unless someone Charlie comes along and outbids her with 5.5 Viva.
So price discovery for Viva will take place.
Maybe initially people will start to offer 100 Viva for a $1 upvote, thus putting Viva's valuation at 1 cent. That's ok - 1 cent is still better than zero.
But since we'll have a limited supply of Viva (no salaries for the executives, no selected few allowed for VIP drown-downs) I suppose that quite soon Viva would achieve more a comfortable price level, maybe more like $1.

Let's say we've started with a total of 50,000 Viva, 500 Crowns and 1,000,000 VIP.
Let's assume that after 3 months the operational account could collect 10.000 Viva.
Then half of that amount could be distributed to CrownHolders, giving them 10 Viva for each Crown. In this instance, it would start to make sense for CrownHolders "to hold".
The other 5000 Viva could be just burned. In order to maintain the supply all the VIP holders would be allowed to make a 0.5% drawdown, so there is also something in it for VIP holders.

From here on I can see three possible paths for future development.

If at some point SMT will be launched. A snapshot of the 'Pocket-Viva' chain can be used for creating the Genesis block of the SMT-Viva project.

It might be that we actually would be able to find developers for the actual Viva-blockchain. Great - the snapshot of Pocket-Viva could be used for creating the Genesis block of this blockchain then.

And finally, we also could just keep on developing the Pocket-Viva protocol. We could have a separate block explorer for it, separate wallets, and list it on CoinMarketCap just like any other coin.

However, I wouldn't want to start the Pocket-Viva project with just a few people participating. But if many people, especially those who are able to delegate SP to the project, would be interested in participating, then I would also join and contribute both by delegating SP and funding protocol development.
I would estimate that we would attract a community that owns a few hundred Crowns and that people would be ready to delegate something like 50 Steem for each Crown to the community account and donate something like 5 Steem for each Crown to fund token protocol and bidding bot development. If so, then it would be worth to try.
Otherwise, probably not.

I've seen that people from Viva have already started to create mutual upvote communities on Steemit. I also do like getting an upvote from @tradeqwik for my posts on Steemit. However, this proposal is different. If implemented it would help not only those who are active on Steemit, but every Viva holder by creating some value for their Viva funds.

Or maybe we could just be waiting for a miracle to happen.
Well, this is also an option.

I do realize that this long post might be hard to digest. But, well, unlike VH, I do not have "Chief Communication Officer" to wrap it all up in a nice little bow.

I'll pay 500 Pocket-tokens for any meaningful feedback, so please make your move.
Who knows how much it might be worth one day? ;)

Little Viva ttolling from a fellow CrownHolder @mrwang


Some links for those who don't have any idea what I'm talking about.

Vivacoin announcement on Bitcointalk

https://bitcointalk.org/index.php?topic=1878942.0

Vivacoin team

https://steemit.com/viva/@chrisaiki/who-is-the-team-behind-vivacoin

What happened to 'William'

https://steemit.com/scam/@neoxian/scam-warning-williambanks-and-viva

Tradeqwik audit

https://steemit.com/viva/@vivacoin/current-viva-situation-next-steps

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

I admire your idea and how it tries to rescue the spirit of Viva, but I’m so tired of anything that sounds even remotely like Viva. I’m looking ahead, excited about Cardano and EOS and Vice and oh yeah maybe my Tezos investment is finally going to pay off. So many exciting things to look forward to!

I was the first crownholder, the winner of that original Steemit auction that netted me a cool 100 Crowns. I was ecstatic, thinking that I had finally gotten in on the ground floor of something that was going to be huge. That first night I had a long chat with William Banks and he shared the very first alpha design of what would become TradrQwik with me. I was convinced he was a genius on the order of Vitalik Buterin and Dan Larimer. I went on to accumulate a lot more Viva assets in the ICO and created some of the charts & diagrams used in the whitepaper. When Viva finally collapsed, I owned 1000 TQS, close to 10,000 VIVA, and greater than 500,000 VIP. And now all that paper wealth is worthless, because the man I put so much trust in turned out not to be a genius after all.

But you know what? I’ve shrugged it off and moved on. That old saying “never invest what you can’t afford to lose” exists for a reason. Viva was a blow to me, but not one I can’t recover from. This is crypto, where new opportunity is just around the corner. I may have lost a lot on Viva but I know I’ll make it back before long on something else. To succeed in crypto investing you almost have to expect to suffer through a disaster or two at some point.

I admire your idea and how it tries to rescue the spirit of Viva, but I’m so tired of anything that sounds even remotely like Viva. I’m looking ahead, excited about Cardano and EOS and Vice and oh yeah maybe my Tezos investment is finally going to pay off. So many exciting things to look forward to!

I consign Viva to the past. Let it rot in the shadowy depths of William’s prison cell, and may it rest in peace.

·

I have a friend who used to work in USA on some high corporate positions for a long time.
When asked once, which skills are necessary to succeed in corporate America, she answered promptly - self presentation skills.
Well, the self presentation skills of Viva team are not to be denied. )
I do understand that probably most of people involved in Viva would just prefer to write it off.
I wish you success with your other projects.

·

pocketsend:501@cryptomancer

·
·

Successful Send of 501
Sending Account: svamiva
Receiving Account: cryptomancer
New sending account balance: 1001395
New receiving account balance: 500
Fee: 1
Steem trxid: 8fba57dde368956f1f3c44e31c92da22c4a28a88
Thanks for using POCKET! I am running this confirmer code.

·
·

Thanks for that, now I’m going to have to learn more about how Pocket works. And best of luck to you as well.

·
·
·

You already have 500 Pocket now )
To send some of it to any Steemit user just place a comment like
pocketsend:amount@user,memo

·

Lol, that's a huge amount of TQS! You must have been rolling in FuckTokens!

Or whatever those silly coins were. It was the Introduction of all of those that finally signalled to be the cane was a bogey.

Exactly as you say though, this is crypto. There is more gold in them thar hills!!

Another crownholder here. I also remember the excitement of the early days of viva, before it all fell apart. I like your suggestion to attempt a recovery of some sort.

·

pocketsend:501@nenad-ristic

·
·

Successful Send of 501
Sending Account: svamiva
Receiving Account: nenad-ristic
New sending account balance: 1002397
New receiving account balance: 500
Fee: 1
Steem trxid: bb3d876e23ea2dab39abe3c1db562fe68b8111af
Thanks for using POCKET! I am running this confirmer code.

·
·

Successful Send of 501
Sending Account: svamiva
Receiving Account: nenad-ristic
New sending account balance: 1002397
New receiving account balance: 500
Fee: 1
Steem trxid: bb3d876e23ea2dab39abe3c1db562fe68b8111af
Thanks for using POCKET! I am a confirmer bot for fun, view my source confirmer code here. Don't know what a POCKET Token is? Here is a link to the official announcement post.

·

Well, I'm not the first one suggesting some attempt of recovery. Let's see how it'll spread.
Anyway, now you're the proud owner of 500 new shiny Poket tockens. You can play with sending some of them to other Steemit users by making comments of this type:
pocketsend:amount@user,memo

Thanks for the explanation of the Viva situation ... I was wondering what happened there. Trying to reboot the project by piggybacking on the Steem blockchain might make sense, and I think the Pocket token implementation was really clever, but from what I understand the use of comment-space for these tokens is problematic due to blockchain bloat. Wonder if there's a way around this problem?

·

the use of comment-space for these tokens is problematic due to blockchain bloat.

We'll have to ask the author about, but I don't think that the organic use might cause any problems. Maybe it do provide some extra opportunity for an 'attack' although.
Anyway my idea of implementation would be using 0.001 SBD transfers instead of comments.

·

pocketsend:501@mada

·
·

Successful Send of 501
Sending Account: svamiva
Receiving Account: mada
New sending account balance: 1001896
New receiving account balance: 999490
Fee: 1
Steem trxid: b00b87ced9546365695b2e86700ce05c013f86e5
Thanks for using POCKET! I am running this confirmer code.

·
·

Successful Send of 501
Sending Account: svamiva
Receiving Account: mada
New sending account balance: 1001896
New receiving account balance: 999490
Fee: 1
Steem trxid: b00b87ced9546365695b2e86700ce05c013f86e5
Thanks for using POCKET! I am a confirmer bot for fun, view my source confirmer code here. Don't know what a POCKET Token is? Here is a link to the official announcement post.

Svamiva, I congratulate you to your amazing optimism and your ideas. I personally met the founders of viva and I was very excited about a project that makes a lot of sense in my world view. I also shared the information about the viva project with many tough also warning about investing too much into something that is still building. That helps my conscience now. I also decided to be grateful to the founders of viva as the opened a new world for me, first steemit and then the many possibilities of crypto. As you all I wish that viva and TQ would have manifested as proposed and I am still open to that possibility. I loved the idea of a Viva crown and minting my own coins as I am aware that so much of the fiat money is just printed paper and does only give benefits to a few and not to everyone. As I won 2 bounties from Viva that I would be able to withdraw monthly starting November 2017, I was more excited and more grateful. I was planning to move those over to fiat and have some extra money to be with family and 2 newborns. That fell apart as TQ started to have problems in November. I was beyond shocked hearing the announcement about William-Steve. I am still hoping that the auditing crew finds where the assets went and can recover some for us. As I said, Viva opened new doors for me and new ways of thinking what could be possible and therefore I am grateful. I did not have much fiat or steem to invest, just my idealism, trust, excitement and sharing with the world. I love the ideas you have to add viva to steemit in a way tough I would prefer that viva and TQ would have a comeback after the auditing.

·

pocketsend:501@siriusgaia

·
·

Successful Send of 501
Sending Account: svamiva
Receiving Account: siriusgaia
New sending account balance: 998890
New receiving account balance: 500
Fee: 1
Steem trxid: 934be773a5e7f4921baddcf0e8b06c1c1f961db1
Thanks for using POCKET! I am running this confirmer code.

·
·

pocketsend:1@kcm

·
·
·

Successful Send of 1
Sending Account: siriusgaia
Receiving Account: kcm
New sending account balance: 499
New receiving account balance: 0
Fee: 1
Steem trxid: 4674408dcbe3c101c0e1ea66cd95ef0af3154334
Thanks for using POCKET! I am running this confirmer code.

·
·
·

There's 1 Pocket "a confimation fee", so if you send just 1 Pocket the receiver gets ziro ( unless you delete your comment right away. In this case the receiver gets 1 Pocket, but there will be no confirmation comment )

·

Yes, I think the core idea of Viva is sound.
The problem seem to be that founders were running an experiment "to what extent the system could be abused before it collapses".
As for the audit I've started to be suspictious because of declining revards for the updates. In my eyes "declining rewards" means "waiving responsibilities for the content".
Anyway, now you have 500 new shiny Poket tockens to play with. You can send some of them to other Steemit users by making comments of this type:
pocketsend:amount@user,memo

·
·

Thank you very much for the 500 new shiny Pocket tokens and good luck. Interesting view point about the audit. I would have guessed that they declined rewards to not profit from the audit. I am still trying to see the positive in it all, the silver lining.

I'm a Crown holder too. I bought mine using some of the STEEM I had accumulated by doing design work for other users here at the beginning of this platform. I also designed the TQ logo. I never thought my work would be connected to such a scam.

I'm with @cryptomancer and doing all I can to left this failure in the past, but it's hard for me to not have some hope to recover at least part of what I have invested. Especially now that I'm an unemployed father. That more than 1k in STEEM I've invested in Viva would be good to have it now to pay some bills.

I liked your idea but I don't think people will invest more time and energy in this, especially because (good) developers are hard to find and hold.

·

pocketsend:501@dudutaulois

·
·

Successful Send of 501
Sending Account: svamiva
Receiving Account: dudutaulois
New sending account balance: 1000393
New receiving account balance: 500
Fee: 1
Steem trxid: 71ccf3e3ec86b8868f952fe1ee26499f38ba2964
Thanks for using POCKET! I am running this confirmer code.

·
·

Successful Send of 501
Sending Account: svamiva
Receiving Account: dudutaulois
New sending account balance: 1000393
New receiving account balance: 500
Fee: 1
Steem trxid: 71ccf3e3ec86b8868f952fe1ee26499f38ba2964
Thanks for using POCKET! I am a confirmer bot for fun, view my source confirmer code here. Don't know what a POCKET Token is? Here is a link to the official announcement post.

·

Well, actually here I'm mostly adressing people having like 10+ Crowns, since they should be more motivated to protect their investments.
Personally when joining some project I expect to give it 2-3 years before eventually wrighting it off, so I'm not giving up yet. )
Anyway, now you have 500 new shiny Poket tockens. You can play with sending some of them to other Steemit users by making comments of this type:
pocketsend:amount@user,memo

pixresteemer_incognito_angel_mini.png
Check The Daily spotlights of 4 March 2018! You missed one? ----> #dailyspotlights
Your quality post caught my attention and I hope you benefit from my resteem. My followers have a refined appreciation for quality art. You might also enjoy my curated collection. To see the quality posts I have curated via resteem, see my blog @pixresteemer. If you want to know more about me and my mission, please check my introduction.

Congratulations! Your post has been selected as a daily Steemit truffle! It is listed on rank 2 of all contributions awarded today. You can find the TOP DAILY TRUFFLE PICKS HERE.

I upvoted your contribution because to my mind your post is at least 61 SBD worth and should receive 135 votes. It's now up to the lovely Steemit community to make this come true.

I am TrufflePig, an Artificial Intelligence Bot that helps minnows and content curators using Machine Learning. If you are curious how I select content, you can find an explanation here!

Have a nice day and sincerely yours,
trufflepig
TrufflePig

Thank you very much for your post. I invested quit a lot in what I thought was THE crypto project (1100+ TQS, 12 Crowns, thousands of VIP). Apart the lost money it was an very big deception. But the most painful thing is that I promoted it a lot to friends of mine who, sadly, invested in VIVA. You can't imagine how stupid I feel now. Like @cryptomancer I moved on.

I'm interested by the new project. Those guys seems to be very effective but I will be more careful for sure!

·

Yes, I also do have a friend, who at that time was totally new to crypto and have invested in Viva more then I would recommend. Also I have warned him not to buy more then one Crown and spread the rest of the money to other projects, but sadly he didn't listen.

Ok, now you have 500 Poket tockens. You can send some of them to other Steemit users by making comments of this type:
pocketsend:amount@user,memo

·
·

Oh thanks for the Pockets! Yes I felt bad for one of my friend. I ethically reimbursed half of the sum invested. I was so enthusiast. Will never give again investment advice.

·
·

I realize this is months old. I've had this post bookmarked with a note to come back and respond when I could think of something to say. The thing to realize is that announcements and information stopped, but the work never even slowed.

Your friend will have their assets in their hands very shortly. You all have my apologies for the time it took to get it this far, I've had to go it alone on the development end from architecture to final implementation, it's been a lot of work.

You've both already been over in the vivacoin thread so I have nothing to add here. But drop a line to the email in that post, I'm in a position where I need testers. I'm inviting you both to be part of that if you'd like.

I'm going to try and reach out to you in email, because it's doubtful this post will ever see the light of day. But at least I finally can say something.

@astral I see your recent votes, thanks.

·
·
·

pocketsend:501@williambanks

·
·
·
·

Successful Send of 501
Sending Account: svamiva
Receiving Account: williambanks
New sending account balance: 997888
New receiving account balance: 500
Fee: 1
Steem trxid: 3248d77405e648a74c7105c0753cbedacd3473c5
Thanks for using POCKET! I am running this confirmer code.

·
·
·

I'll consider that when all the liquid customer funds will be returned to the owners, and, quoting myself

VH's founders shouldn't get a stake, which would allow them to further direct this project. That would mean they would have to burn probably 90+% of their stake.

·
·
·
·

VH's founders shouldn't get a stake, which would allow them to further direct this project. That would mean they would have to burn probably 90+% of their stake.

I understand what you're trying to say.

We aren't stake based. Directing the future isn't something I'm here for and I'll do a follow up post soon to make it more explicit, but something you need to be aware of, because you've somehow missed it from the whitepaper is that each crown holder, gets exactly 1 vote. Doesn't matter if you have 1 Crown or 10000 of them. The only reason to hold additional Crowns is to benefit from TRs and ARs.

Terminology has changed and Crowns are now Estates, the commitee is now called the Estate Board, but the rules are the same as I laid out in the whitepaper. Each person's voice is equal and the system is designed around that.

So just remember it's 1 person, 1 vote. Person meaning someone who holds an account and has undergone full AML/KYC verification. You don't do that and your vote isn't counted no matter how many Estates you have.

Thanks for the reply though.

I'd still like to invite you to testnet. It will be a lot more clear how this works, if you try it first.

·
·
·
·
·

The only reason to hold additional Crowns is to benefit from TRs and ARs.

...or to sell it.
Anyway, I'm not going to contribute to something what is de facto your private business. Not any more.
Call it Crowns, call it Estates, but you have reserved for you more Estates that the rest of your world could possibly collect toghether.
I wouldn't contribute to such a project from the beginning, but at that time there seemed to be some decent people around who would vouch for you.

Loading...
·
·
·

Thank you for taking the time to reply.

Beyond all the FUD and conflicts I want to thank you particularly for not abandoning this great project. You can't imagine how disappointed I was (and others too obviously). I don't judge anybody. What could it change anyway. I could write ad nauseam, but I prefer to stay constructive.

You are a very determined person and I praise you for not giving up.

I contacted Dawn for the testings some days ago.

Now a question, do the AVIV (I presume) peg will be still set to USD $10?

·

pocketsend:501@astral

·
·

Successful Send of 501
Sending Account: svamiva
Receiving Account: astral
New sending account balance: 999892
New receiving account balance: 500
Fee: 1
Steem trxid: 0ecc71e7f4b7cf239ec62972ef5139f6902f9250
Thanks for using POCKET! I am running this confirmer code.

As I am an incorrigible utopian, I am trying this:
https://steemit.com/steemit/@sharonomics/zero-cash-ico-share-yor-influence-delegate-sp-for-2-months-or-pledge-author-reward-sbds-to-become-a-stakeholder-in-world-s-first
At least, does not require investment, only participation.
Isn't the SMT a copy of Bitshares with a smart contract tool on top ? If you want to create tokens, you can do it on Bitshares.

·

If you want to create tokens, you can do it on Bitshares.

Yes, but I do not want to ask people to create Bitshares account, seem to much trouble to me.
I do not want just "some tockens", I want tockens easy to use for Steemit users.
I'm rather adressing here people who have invested a few BTC in viva, they might be interested to try to recover some of it.

Anyway, now you have 500 new shiny Poket tockens. You can play with sending some of them to other Steemit users by making comments of this type:
pocketsend:amount@user,memo

·

pocketsend:501@chrisaiki

·
·

Successful Send of 501
Sending Account: svamiva
Receiving Account: chrisaiki
New sending account balance: 999391
New receiving account balance: 1499
Fee: 1
Steem trxid: 219245ac12ccda1ba2fcffc56eb19dbf0ce46e27
Thanks for using POCKET! I am running this confirmer code.

·
·

Successful Send of 501
Sending Account: svamiva
Receiving Account: chrisaiki
New sending account balance: 999391
New receiving account balance: 1499
Fee: 1
Steem trxid: 219245ac12ccda1ba2fcffc56eb19dbf0ce46e27
Thanks for using POCKET! I am a confirmer bot for fun, view my source confirmer code here. Don't know what a POCKET Token is? Here is a link to the official announcement post.

·
·

Thank you,
Opening a bitshares account is not more difficult than a TQ account if you use the openledger UI.
https://bitshares.openledger.info/
and there are excellent tutorials on youtube.

·
·
·

Yes, but still, when applying to my idea of "selling upvotes for viva-substitute-tockens" it would be quite a roundabout way if we had to ask people here first to open an acc on BTS and then any time they want to buy an upvote they have to log in there to make a transfer.

The ability to use viva-substitute tockens without leaving Steemit seem to be worth something for me.

Also I don't want this project to be limited just by the small viva community.
We should spread a word about this possibility among the whole Steemit community, like "Did you know that you can buy 1$ upvote just by paying 1 viva-tocken, which is trading now for 0.1$? And you don't have to register on BTS for that. Just contact Alice, Bob or Charlie, they are ready to sell you viva-tockens for Steem or SBD"

I think, if anything Viva should stay dead. Any new project may involve some of the people but have nothing to do with Viva. It was a scam from start to finish and associating with it would just tarnish the new thing.

I disagree with the comparisons between steemit and Viva. Viva delivered nothing, steemit has delivered a lot. Progress might be slower but stuff actually happens. All that was ever delivered from Viva was a shonky broken exchange which was designed to take your money.

·

pocketsend:501@meesterboom

·
·

Successful Send of 501
Sending Account: svamiva
Receiving Account: meesterboom
New sending account balance: 1000894
New receiving account balance: 1000600
Fee: 1
Steem trxid: 19347735f4ab24720df546bfd437acf1b47fd55c
Thanks for using POCKET! I am running this confirmer code.

·
·

Successful Send of 501
Sending Account: svamiva
Receiving Account: meesterboom
New sending account balance: 1000894
New receiving account balance: 1000600
Fee: 1
Steem trxid: 19347735f4ab24720df546bfd437acf1b47fd55c
Thanks for using POCKET! I am a confirmer bot for fun, view my source confirmer code here. Don't know what a POCKET Token is? Here is a link to the official announcement post.

·

I've only made comparison between Steemit and Viva regarding founders controlling most of the stake. )
Personaly I wouldn't spend a penny for keeping Viva brend alive, but if someone would - I wouldn't protest also.

Excellent explanation of the vivacoin situation. Resteemed to my 7000 followers!!

·

pocketsend:501@paul.atreides

·
·

Successful Send of 501
Sending Account: svamiva
Receiving Account: paul.atreides
New sending account balance: 998389
New receiving account balance: 2579827
Fee: 1
Steem trxid: 0ed1f2681419a60309c26a789c5763ddc37125ad
Thanks for using POCKET! I am running this confirmer code.

·
·

Successful Send of 501
Sending Account: svamiva
Receiving Account: paul.atreides
New sending account balance: 998389
New receiving account balance: 2579827
Fee: 1
Steem trxid: 0ed1f2681419a60309c26a789c5763ddc37125ad
Thanks for using POCKET! I am a confirmer bot for fun, view my source confirmer code here. Don't know what a POCKET Token is? Here is a link to the official announcement post.

pixresteemer_incognito_angel_mini.png
Check The Daily spotlights of 26 February 2018! You missed one? ----> #dailyspotlights
Your quality post caught my attention and I hope you benefit from my resteem. My followers have a refined appreciation for quality art. You might also enjoy my curated collection. To see the quality posts I have curated via resteem, see my blog @pixresteemer. If you want to know more about me and my mission, please check my introduction.

So Viva blockchain like steemit there is no difference?

pixresteemer_incognito_angel_mini.png
Check The Daily spotlights of 10 March 2018! You missed one? ----> #dailyspotlights
Your quality post caught my attention and I hope you benefit from my resteem. My followers have a refined appreciation for quality art. You might also enjoy my curated collection. To see the quality posts I have curated via resteem, see my blog @pixresteemer. If you want to know more about me and my mission, please check my introduction.

pixresteemer_incognito_angel_mini.png
Congratz, your post has been resteemed and, who knows, will maybe appear in the next edition of the #dailyspotlights (Click on my face if you want to know more about me...)

ты чего-то все подзабросил тут? на делегацию перешел? а я вот ее брала и неудачно, профита было пшык, цены как раз упали, и я подвстряла. вообще с ценами сейчас все как-то уныло. когда там улучшение, не слышал?)

·

Чукча не писатель )
С делегированием это просто корявый перевод на русский, они пишут "часть СГ вам делегирована", а на самом деле наоборот, это я делегировал часть )
Оживление на рынках начнется в мае, хотя конкретно к Стим это не обязательно относится )
15 апреля - срок подачи годовых налоговых деклараций в США. Соответственно, фишка в том, чтобы к 15 апреля показать налоговой убытки, дескасть "я тут закупился неким говнокойном по доллару, а он внезапно подешевел до 2 центов, денег нет, но вы держитесь...
То, что "говнокойн по доллару" покупался сам у себя, и собственно изначально создавался именно для этой цели - это уже нюансы.

·
·

-) занятный раскладец, спасибо за просвещение, ибо это я как раз чукча в этой сфере-)
а то, что это ты отдал делегацию, а не тебе дали, я поняла, я ж и говорю, что прибыль идет оттуда (за нее ж платят как ни как), а не с постов.
хорошо, если расшевелится все хоть как-то. мне бы и стим подороже, и биткоин опять по 20, губа - не дура) обидно просто, только получилось вывести деньги с заблокированного акк на битрексе (заблочили внезапно, массово, прикрываясь санкциями), думала уже гусли, но хитрым путем удалось достать деньги, а тут курс уже не 20, а 7. везение прямо неистовое)

·
·
·

Думаю будет еще биткойн по 25 в этом году )

Every year I say that I will get out of my country and travel to a country but nothing changes and this over the years will not change because I am from Palestine

great experience shear and thanks for shearing

pixresteemer_incognito_angel_mini.png
Congratz, your post has been resteemed and, who knows, will maybe appear in the next edition of the #dailyspotlights (Click on my face if you want to know more about me...)

pixresteemer_incognito_angel_mini.png
Congratz, your post has been resteemed and, who knows, will maybe appear in the next edition of the #dailyspotlights (Click on my face if you want to know more about me...)
Please check the new rules of the Daily Spotlights!

pixresteemer_incognito_angel_mini.png
Congratz, your post has been resteemed and, who knows, will maybe appear in the next edition of the #dailyspotlights (Click on my face if you want to know more about me...)
Check the rules of the Daily Spotlights if you want to nominate someone!

pixresteemer_incognito_angel_mini.png
Congratz, your post has been resteemed and, who knows, will maybe appear in the next edition of the #dailyspotlights (Click on my face if you want to know more about me...)
Check the rules of the Daily Spotlights if you want to nominate someone!

pixresteemer_incognito_angel_mini.png
Congratz, your post has been resteemed and, who knows, will maybe appear in the next edition of the #dailyspotlights (Click on my face if you want to know more about me...)
Check the rules of the Daily Spotlights if you want to nominate someone!