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by takasc2 3983 days ago
As an abstract idea / bitcoin experiment this is cool. As a company this is a disaster.

Its amazing you can fund a company these days with a statement like "the business model is yet to be discovered - we’ll probably provide paid-for oracle hosting services, or launch/invest in some smart contracts ourselves."

That basically is a business model of "we have no business model or intention of ever making any money - if people stop giving us money perhaps we can host a virtual yard sale - btw bitcoin is cool!!!!!

A three person team of SEO consultants think there is so much value in their understanding of an open source codebase they can somehow turn that into a business because bitcoin - lol.
1 comments
kolinko 3983 days ago
Why the hate?

The project was self-funded from previous successful ventures. That answers your first question.

As for the "SEO consultants" - neither one of us does consulting work, so I don't know where you got that either. We're all quite technical actually.

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takasc2 3983 days ago
I am not hating - I am just giving my opinion based on what I read on the first page. I guess SEO engineers is a better way to describe your work (tbh like many people SEO is a killer word that stops my attention i did not click through too see this was a tool not a consultancy) so I apologise for that.

So what is the current status of the project? it seems like you have not done anything for a year on the project but now it got submitted to HN? Bitcoin must have changed a lot in that time so i guess this is already a dead business just a cool project idea?

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kolinko 3983 days ago
It was a project idea, with some novel concepts introduced in our Whitepaper ( https://github.com/orisi/wiki/wiki/Orisi-White-Paper ). The bitcoin community changed a bit, but the fundamentals haven't and the concept we introduced is still awaiting a proper implementation.

Why it got submitted - I don't know who did it, it was neither one of us! But it's nice to see that someone's still interested in what you did.

One thing that I really should do is some kind of closure & public after action review...

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