Bounty: 3412 USDBLX
Number of claims filed: 7
Number of Opinions issued: 7
Likes: 5
Number of comments: 31
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White Paper Summary
Emerging blockchain technology has made it possible to create an incentivized peer-to-peer network for submitting, curating, and governing a database of encyclopedia articles.
Accreditation
Congratulations
We are proud to announce that the following document Everipedia Whitepaper WP version 247 achieved the ChainBLX opinion based accreditation on 2019-05-07 00:20:43.
This accreditation testifies that it is our professional opinion as well as the opinion of our community that document Everipedia Whitepaper is in compliance with the professional standard brought forward and regulated by chainblx.io.
A ChainBLX accreditation is very difficult to archive and in no way should any statistic be indicative of the quality of the document at hand. Neither should the achievement of accreditation in anyway imply that investors should not conduct their own diligence prior to any investment.
Document Everipedia Whitepaper reached its accreditation with the following statistics.
Likes of forum members: 5
The discussion forum will remain open for future discussion, the remainder of the bounty will be reimbursed to the owner and no future claims can be filed.
In the name of the community and ChainBLX
We wish Everipedia Whitepaper the best of success.
Status: White Paper Owner
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Thanks Very Interesting here are some links:
https://everipedia.org/
2c4d0f11958ce1d834f4d3fac5eae76chttps://big.one/trade/IQ-EOS
https://www.alexa.com/siteinfo/everipedia.org
Status: Bounty Hunter
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Automatic Claim Number - cla1557234253
Quote - S a m K a z e m i a n , K e d a r I y e r , T r a v i s M o o r e , T h e o d o r F o r s e l i u s , L a r r y S a n g e r s a m @ e v e r i p e d i a . c o m k e d a r @ e v e r i p e d i a . c o m t r a v i s @ e v e r i p e d i a . c o m t h e o d o r @ e v e r i p e d i a . c o m l a r r y @ e v e r i p e d i a . c o m
Claim
Although the whitepaper gives contact emails, it doesn't list or indicate any physical address or headquarters location.The Everipedia website lists headquarters in Santa Monica, Stockholm, and the Cayman Islands, but only gives a physical address in the Cayman Islands.
In and of itself, there is nothing intrinsically wrong with this. However, since the website has an 'Investors' section, and contains a downloadable investor presentation, it is concerning that they do not list a physical address in the US or Sweden, where the team is presumably physically based.
This seems to indicate a deliberate lack of transparency for an unknown reason.
Flags:
From Everipedia: We are incorporated in the Cayman Islands. by seedwhitepaperowner1 on 2019-05-08 06:29:15
cec833253c2ad187a8c489fe8ab9bebdStatus: Member
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Alright, a new whitepaper! Appreciate the links Karl. I think we can get through this by helping each other out and hitting different aspects of this whitepaper. I made a list below of how we can do so.
Press research, see if they claim something different in the press.
Who is part of the team/company
Site registration, active or not as well as their status with the Secretary of State
Lawsuits, if there are any or not
Copyright and patents
Technology
Business methodology
This makes it easier for us to check this whitepaper compared to everyone doing their own thing. Also gives newbies like myself and others the opportunity to see and learn how the experienced bounty hunters go about their work.
6880095fbdc444cb900b4feba6922dafStatus: Bounty Hunter
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I found something https://theoutline.com/post/2369/everipedia-is-the-wikipedia-for-being-wrong. It is not claim worthy but we cam probably find a pattern of behavior to file a claim.
9f9d65a3b86d2b869208c150ff1f3f6dStatus: White Paper Owner
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Hi I am the mod for tonight. Please don't DM or email us with question. Just post it here for efficiency reasons.
9d3b3b878714f9fdeef84dc740e4b4f0Status: Member
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I tried to look up the owner of the site and nothing has come up in my search so far any idea? Also, there is no registration of Everipedia with the Secretary of State, something to look into https://businesssearch.sos.ca.gov/CBS/SearchResults?filing=False&SearchType=CORP&SearchCriteria=Everipedia&SearchSubType=Keyword.
They should be registered since they state that their headquarters is here in Westwood https://en.wikipedia.org/wiki/Everipedia.
It is strange because they have a big internet presence. Please, I would love credit for this with reputation so I can work my way to being a bounty hunter.
7a3ce4c28cf86fd1a8bc2d3963b0dbf0Status: Bounty Hunter
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Automatic Claim Number - cla1557206449
Quote - However,Wikipediaunintentionallytrapstheknowledgecapitalitgenerateswithinitsownplatformwhenitscontentcouldbeusedtocreateathrivingknowledgeeconomy.
Claim
It is interesting that Everipedia says that Wikipedia is unwilling to make a knowledge base when Everipedia wouldn't even be where it is now without importing entries from Wikipedia. As you can see they admit in this paragraph on their own site https://everipedia.org/wiki/lang_en/everipedia/ ,Part of Everipedia's alternative was to import all of Wikipedia's content on their platform. This laid a foundation for people to add content to these pages that would not necessarily be accepted on Wikipedia's platform, such as links to their websites and social media accounts. In addition, Everipedia's users could create additional pages for people, organizations, and other subjects that are not found on Wikipedia.
Everipedia copied information from Wikipedia. Wikipedia hasn't been referenced as their source.
Think about all of the contributors who submitted their work to Wikipedia, a free platform, for others to reference and use their work for educational purposes. This company, not a free platform, took their work and copied it to their platform with only mentioning that they imported content from Wikipedia.
e2a78c7a0ae04e078a805a2c6f37cb1b
Status: Bounty Hunter
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Everipedia is a great concept, but it brings one major question to mind:
Wikipedia seems to work because the people who submit and edit articles are sort of idealists. They do it because they believe in it, they enjoy it, and feel a part preserving and distributing the world's knowledge.
Everipedia's submitters and editors, on the other hand, will be incentivized by tokens that have value. Will this corrupt the quality of the information? Will the spirit of the community be positive and collaborative, or will it invite schemes and unhealthy competitive practices between users?
No one knows, but you have to commend Everipedia for a wonderfully inventive concept.
d6b6877ffe725848ae3958edec818b8bStatus: Bounty Hunter
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@HopeHK I hear ya but read the whitepaper and look at the website because they thought of all of this. What it comes down to is you can work on wikipedia for free or you can get paid sort of for doing the same thing on everipedia.
a16f83950c932876effd5f7288d36c14Status: Bounty Hunter
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@MX10178 the fact that they don't show an address (besides Cayman Islands) on the website is not that unusual. Lots of companies do that because otherwise people drop by constantly with different proposals etc. The Whois on the Everipedia website registration lists an address in Los Angeles. If they were hiding something they could have kept that address confidential too.
702f0bb9a63d8d48cafe58e5b847cfabStatus: Bounty Hunter
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Automatic Claim Number - cla1557330988
Quote - 1‑2millionuniquevisitorseachmonth
Claim
ony 30% of traffic coming from search engines, i.e. organically. Suggests the numbers have been inflated by purchasing page views.Supported by the % of web traffic coming from India.
https://www.alexa.com/siteinfo/everipedia.org?ver=alpha6a83e4d774361e776e604737a4ac2ed3
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Automatic Claim Number - cla1557331685
Quote - Thetransferfeemodelweproposewillallowthenetworktobenefitfrommarketspeculation.
Claim
All Tokens benefit from market speculation. This is not unique to their model. When the utility of the network is low, such as in the initial period when the network is small, the incentive for users of the token is only its speculative value. As the network grows so does the utility of that token on the network rather than the speculative value and so the network grows exponentially. 9fe4534d30b240cc57d7c5a640848ae9Status: Bounty Hunter
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Automatic Claim Number - cla1557332042
Quote - Thetransferfeemodelweproposewillallowthenetworktobenefitfrommarketspeculation.Sinceonlynon‑governance,non‑stakingtransfersincurafee,thespeculatorsare,inaway,fundingthedevelopmentoftheEveripediaNetwork.Thetransferfeecanbeburnedtocreateadeflationarysupply,usedtofundnetworkdevelopment,orusedtofurthereconomicactivityontheplatform
Claim
tokens held on the majority of the large trading platforms DO NOT physically move to different wallets on the underlying blockchain with each trade. Tokens are held in cold storage by the trading platform and are only transferred once a user is looking to take those tokens off the platform. This is done to increase trading speeds and decrease the risk of attacks. 1d3c973ed3abfda7cfd7c7a4af6d0c48Status: Bounty Hunter
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Automatic Claim Number - cla1557332534
Quote - commonresponse‑thecorrectone.
Claim
Common response does not = correct response. An expert in a field may have a minority response, however, the correct response. 97fafb91854bc6ad4a63f107a2852342Status: Bounty Hunter
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Automatic Claim Number - cla1557334339
Quote - TokenModule
Claim
There is no full economic model provided for the system and therefore no way to verify if the system will work efficiently. 66c229312a6b8cb67b5a06de49d974aeStatus: Bounty Hunter
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I believe that the curating of articles on Wikipedia may be more neutral because the math behind Everipedia allows the suppression of opinions that aren't mainstream. And those opinions need to be protected when people are resisting changes.
6fad7fe0d4226dce89dec1ef13e185e6Status: Bounty Hunter
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@HopeHK this is pretty significant because for example, the vast majority of people would classify the tomato as a vegetable, but it is a fruit. The majority opinion is not necessarily correct.
07fe38502d800ce78b63407e9d31de6dStatus: Member
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It was decided to release 9% of the funds. The jury voted in their opinion to release an average of 13% of the bounty and a median of 9% of the bounty.
Please see below for the opinion of the jury:
Claim: It is interesting that Everipedia says that Wikipedia is unwilling to make a knowledge base when Everipedia wouldn’t even be where it is now without importing entries from Wikipedia. As you can see they admit in this paragraph on their own site https://everipedia.org/wiki/lang_en/everipedia/ , Part of Everipedia's alternative was to import all of Wikipedia's content on their platform. This laid a foundation for people to add content to these pages that would not necessarily be accepted on Wikipedia's platform, such as links to their websites and social media accounts. In addition, Everipedia's users could create additional pages for people, organizations, and other subjects that are not found on Wikipedia. Everipedia copied information from Wikipedia. Wikipedia hasn’t been referenced as their source. Think about all of the contributors who submitted their work to Wikipedia, a free platform, for others to reference and use their work for educational purposes. This company, not a free platform, took their work and copied it to their platform with only mentioning that they imported content from Wikipedia.
Highlight: However,Wikipediaunintentionallytrapstheknowledgecapitalitgenerateswithinitsownplatformwhenitscontentcouldbeusedtocreateathrivingknowledgeeconomy.
b214f54a9455119c1bfeaf1688c855e9Status: Bounty Hunter
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@RayenPLK Exactly, so then what happens if 90% of the consensus says that a tomato is (obviously) a vegetable? How can someone who knows the correct facts override that?
4a2d351835787ecd83209ff577783059Status: Member
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It was decided to release 5% of the funds. The jury voted in their opinion to release an average of 15% of the bounty and a median of 5% of the bounty.
Please see below for the opinion of the jury:
Claim: ony 30% of traffic coming from search engines, i.e. organically. Suggests the numbers have been inflated by purchasing page views. Supported by the % of web traffic coming from India. https://www.alexa.com/siteinfo/everipedia.org?ver=alpha
Highlight: 1‑2millionuniquevisitorseachmonth
e9e011c2da079e58e7b1d00f9f184100Status: Bounty Hunter
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@Karl , its interesting to see the differences between Everipedia and Chainblx system.
56434a00eac2eb22ef0f9b2b79e51838Everipedia is easier, but may guid wrong results as @HopeHK points out.
Chainblx is complicated IDK if Chainblx could make it simpler as they offer accreditation and mediation. A easier system would probably bring more wp and bountyhunters to the forum.
Status: Bounty Hunter
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@cubanoBHlounge I think the chainblx system is already pretty easy to use, I would suggest maybe attaching the judgements directly to the claims though, but otherwise it was pretty easy to figure out in the beginning.
058bbcba88e1ae6f40db706b52b3481bStatus: Member
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It was decided to release 0% of the funds. The jury voted in their opinion to release an average of 0% of the bounty and a median of 0% of the bounty.
Please see below for the opinion of the jury:
We are incorporated in the Cayman Islands.
We are incorporated in the Cayman Islands.
Claim: Although the whitepaper gives contact emails, it doesn't list or indicate any physical address or headquarters location. The Everipedia website lists headquarters in Santa Monica, Stockholm, and the Cayman Islands, but only gives a physical address in the Cayman Islands. In and of itself, there is nothing intrinsically wrong with this. However, since the website has an 'Investors' section, and contains a downloadable investor presentation, it is concerning that they do not list a physical address in the US or Sweden, where the team is presumably physically based. This seems to indicate a deliberate lack of transparency for an unknown reason.
Highlight: S a m K a z e m i a n , K e d a r I y e r , T r a v i s M o o r e , T h e o d o r F o r s e l i u s , L a r r y S a n g e r s a m @ e v e r i p e d i a . c o m k e d a r @ e v e r i p e d i a . c o m t r a v i s @ e v e r i p e d i a . c o m t h e o d o r @ e v e r i p e d i a . c o m l a r r y @ e v e r i p e d i a . c o m
c3f725692a3854ddf5bf29d5b036d9bdStatus: Bounty Hunter
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I am here to respectfully address potential concerns for fraudulent activity or behavior that would put other people’s assets at risk. By reading the paper it is misleading that the currency will be stable and non inflationary, with suggestion of having appropriate burning/inflationary policies in place. Upon review of the ticker chart, the volatility is incredibly high from its conception. +90% Volatility. If the business has already succeeded in successfully raising in excess of $30 Million dollars, why has the platform not achieved stability? Furthermore, if Wikipedia is a failure and the benefit of Everipedia is the ability to capture monetary value, then why has the value of the coin declined?
What systems are in place to maintain stability and decrease volatility? If Everipedia can capture outside income besides that of staking, then where is the money going? I see many words about generating revenue, having an excess to which it needs to be burned. The values and the charts speak as if there is a huge money sink somewhere. This looks like a financial instrument that was designed to bleed losses for profit. This concept, and technology would be a huge success if it was treated more like a Gold Standard, than a tech startup.
With a system that is constantly generating incoming deposits, requires staking to participate, and has anti inflationary burning policies in place, then I would expect to see an extremely stable and slowly rising coin price to reflect those policies.
Looking at the historical chart, it would appear that the price chart is following the story of a volatile tech start up. Massive gains, massive losses.
“Another possibility is to auction off the IQ generated from transaction fees for
EOS, which would then be bound by an EOS smart contract to automatically
purchase RAM or other resources as needed to sustain operations. An auction
would only occur if it were detected that RAM was near capacity, say 90%.”
White paper clearly states intent to manipulate volatility to generate revenue. While nothing is inherently wrong with this concept, it is counter to the stated purpose of the currency and could be considered a Pump and Dump masked behind what appears to be an encyclopedia of verified knowledge. If you cannot trust the value or liquidity of a currency, then how can you trust the content? Considering the stability of the platform is important, It would be imperative to include the real numbers in various situations to prove that the systems work. Is the rate of burn greater than the rate of inflation? How is this measured? Who controls it? Can a Delegated Voting Group manipulate this system? Can the Founders Manipulate this system?
The 21 day vesting period seems excessive, it would be convenient for the people who have access to the allocated funds to trade them and capitalize on volatility of cryptocurrencies while the end user sits for 3 weeks waiting to edit a botany article.
It would be a serious ethical violation to create a platform upon the facade of stability, knowledge, truth, verification, when in fact it is a huge money sink and purposely seeks volatility. Token Slashing, this is another volatility inducing concept. Anyone who is in control of the “governance” module could make a sweeping slash at an odd hour of the night to a few thousand accounts. This action could start a panic of sales, or a buying frenzy. These forms of price manipulation would have the potential for volatility abuse. Delegated Voting is another concern, it would be too easy for the market of accurate encyclopedia data to be swayed and manipulated if you had major players that could swing the votes. An expert could be correct in a situation and a mob of social justice warriors could over run them whilst knowing nothing on the topic. Especially, when winning comes with profit. Creating a low volume, high volatility trading environment is counteractive to the goal of the company as I read it, and it is definitely counteractive to hosting an accurate encyclopedia of information in a trustless world.
There seems to be a large conflict of interest. The people staking real world money into the system are just normal people who want to change the spelling of Color to Colour. The need to capture money from people are who just passionate about spreading knowledge. Tying their money up in accounts that they do not have access to, then intentionally manipulating the value of the currency without giving them the ability to remove their funds?
Someone who wants to correct the date on the day that grumpy cat died, may not fully understand the level of risk they are taking when they choose to participate in this website. It would appear that this is a binary system beyond the facade, where traders and AI abuse a volatile market, while the unsuspecting masses think they are trying to edit their favorite band’s discography list.
Sources:
https://nulltx.com/everipedia-interview-dr-larry-sanger/
https://coinmarketcap.com/currencies/everipedia/#charts
Status: Member
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It was decided to release 0% of the funds. The jury voted in their opinion to release an average of 1% of the bounty and a median of 0% of the bounty.
Please see below for the opinion of the jury:
Claim: All Tokens benefit from market speculation. This is not unique to their model. When the utility of the network is low, such as in the initial period when the network is small, the incentive for users of the token is only its speculative value. As the network grows so does the utility of that token on the network rather than the speculative value and so the network grows exponentially.
Highlight: Thetransferfeemodelweproposewillallowthenetworktobenefitfrommarketspeculation.
199c3f21734999ae30e05304ba97b8f9Status: Member
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It was decided to release 0% of the funds. The jury voted in their opinion to release an average of 1% of the bounty and a median of 0% of the bounty.
Please see below for the opinion of the jury:
Claim: tokens held on the majority of the large trading platforms DO NOT physically move to different wallets on the underlying blockchain with each trade. Tokens are held in cold storage by the trading platform and are only transferred once a user is looking to take those tokens off the platform. This is done to increase trading speeds and decrease the risk of attacks.
Highlight: Thetransferfeemodelweproposewillallowthenetworktobenefitfrommarketspeculation.Sinceonlynon‑governance,non‑stakingtransfersincurafee,thespeculatorsare,inaway,fundingthedevelopmentoftheEveripediaNetwork.Thetransferfeecanbeburnedtocreateadeflationarysupply,usedtofundnetworkdevelopment,orusedtofurthereconomicactivityontheplatform
692b4edc79672d360a12b99f9dd162f5Status: Member
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It was decided to release 0% of the funds. The jury voted in their opinion to release an average of 2% of the bounty and a median of 0% of the bounty.
Please see below for the opinion of the jury:
Claim: Common response does not = correct response. An expert in a field may have a minority response, however, the correct response.
Highlight: commonresponse‑thecorrectone.
cf7e15505e8d44d8898df67400058ef8Status: Member
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It was decided to release 1% of the funds. The jury voted in their opinion to release an average of 1% of the bounty and a median of 1% of the bounty.
Please see below for the opinion of the jury:
Claim: There is no full economic model provided for the system and therefore no way to verify if the system will work efficiently.
Highlight: TokenModule
3f886e0e3995a6f59cdaa1b016e8c1b4Status: White Paper Owner
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Compliments to everipedia for being accredited and thanks to all members for your work.
d58c4bc7753124d8276e2120816f0394Status: Bounty Hunter
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Hi
Find attached a copy of my claim.
Harris
03d84c25a7a7763c3e681dbcae6086ccStatus: Bounty Hunter
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Glad to see this paper make it through and it will be interesting to see how the model works over the long term. It could be a way forward in a lot of different applications.
9a35171425f44bf6e4ee368b15302554