Alright, one second while I give it a look!
Okay, I'm watching the video right now. That really... looks like Prossso to me, even though I know it's because that's the steem logo. Have you thought about having it be a regular "m" and putting the steemit logo as one of the o's?
I see this on the whitepaper page
Site to be hosted outside of EU to avoid GDPR legislation (due to come into effect in May 2018)
Does that mean it will neither be hosted in the EU nor the US to also avoid impending legislation in their spheres of influence? Might want to include a link or further explanation on that so it doesn't look like it's just an attempt to skirt around laws designed to protect consumers or investors.
I see a coming soon on some of the pages and a lack of discrete numbers on payouts. I assume this is because the numbers are still being worked out? I think potential adopters would be greatly relieved to be able to immediately see transparent numbers and math that works out to everyone's benefit based on their efforts.
There definitely needs to be more cautionary wording on the microloans page imo. Borrowers need to be made aware of the risks of loans, and lenders need to know how their funds will be protected. Is the interest-free going to remain forever, or is it a limited time offer in an effort to draw users to the platform? I'm not sure showing them the terms of the loan after the pitch is accepted is such a great idea. This does not foster transparency on any end, and potentially traps borrowers into feeling they must accept the loan, not knowing what terms other users have gotten.
Considering what the valuation of steem and sbd is now and market volatility I foresee issues with naive borrowers getting trapped in debt problems if they mistime their entry into a borrowing agreement, and similarly lenders can also see the value of their loans drop as repayment becomes cheaper. What are the loans priced in?
Well, it all seems interesting, and I await future iterations of the website. Good luck!
Thanks for looking so deeply into it. To generalise in answering these questions, it's mostly because we are in beta at the moment. We don't know what the numbers will be like, that will be to do with adoption. The more that whales support our efforts (and it's in their interests to do so), the more we will be able to support the promoters. Everything will be transparent, and there will be multi-proof-of-brain built in to the guild system.
In terms of hosting outside of the EU, this is because there is a particularly pernicious bit of legislation coming into force in the next few months. Of course, the powers that be always want to regulate everything, but we are a voluntaryist set. We want the community to run itself, not have to fuck about dealing with compliance with draconian legislation. If the community as a whole decides it wants the webserver hosting in the EU, then that's what we will do. But until we have community involvement (Which is the point of launching now, so we can get it) we have to do what we think is best.
The microloans...I agree, and we are talking about micro.....and we are talking about interest free, repaid by the promoters getting their promotional activities upvoted by the community (that we are supporting). The lenders are all fully aware of the risk, and they are private steemians. It's interest free for the life of the loan. People who fuck off with the loan (a) won't get another one and (b) will get called out to the community, which is probably the worst thing that can happen. Everything will be on the blockchain and transparent, so everyone will be able to verify everything. Essentially it's P2P lending purely for promotional activities, and small amounts.
I hope that clarifies some of the points for you, and once again, thanks so much for taking the time to read so thoroughly.
Can you share who you will be using for your web hosting, or if you haven’t decided yet, which companies you are looking at?
Looks good from what I’ve seen so far. I didn’t see any pop up window of a $9.99/ monthly fee to access the info on the site : )
Best of luck on this endeavor.
PS Did you intentionally use hashtag eutopian instead of utopian-io as a hashtag.
SDG