- 00:01 – Introduction
- 00:25 – Who Is Charlie Shrem?
- 00:37 – Crowd Machine And What It Plans To Do
- 01:47 – Private And Token Sales For Crowd Machine
- 03:04 – What Is Crowd Machine?
- 03:48 – Problem Crowd Machine Solves
- 04:40 – Crowd Machine Community
- 05:56 – Crowd Machine Team
- 06:55 – Specifics About How Crowd Machine Works
- 09:16 – Crowd App Studio
- 10:32 – How Crowd Machine Will Disrupt Aws And Github
- 12:45 – Crowd Share
- 14:02 – Project Overview
- 16:14 – Crowd Machine Compute Token Cmct
- 16:51 – Getting Paid For Your Code
- 17:47 – Getting Paid For Your Computer’s Spare Capacity
- 19:08 – Whitepaper
- 20:04 – Public Token Sale
- 21:36 – Additional Resources
- 22:15 – Recap Of Crowd Machine, Crowd App Studio And Crowd Share
- 23:37 – Conclusion
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00:01 – Introduction
Hey guys what’s up, Dan again from cryptocamacho.com, where each day I bring you the latest tips, tricks and news in the cryptocurrency market. Guys, I’m super excited today, I have an ICO to review for you that I think is going to be bigger than any ICO that I have reviewed to date, it’s one of Charlie Shrem’s biggest investments, and he actually said on Twitter that this was his biggest investment in cryptocurrency to date.
00:25 – Who Is Charlie Shrem?
If you don’t know Charlie Shrem is, he’s one of the godfathers of cryptocurrency and Bitcoin, he started a company way back when with Erik Voorhees way back in the day, he’s been around the block quite a bit, you should look up his name if you don’t know him.
00:37 – Crowd Machine And What It Plans To Do
But the ICO I want to review today it’s called Crowd Machine, Crowd Machine is poised to disrupt the cloud computing industry. If you don’t know what cloud computing is, go check out Amazon Web Services, go check out Microsoft Azure, they are some of the biggest businesses in the last, let’s say, five to ten years of this century, they’re some of the biggest businesses and Crowd Machine is poised to disrupt them from the inside out. What they’re doing is very, very exciting and they’re actually building out a… well let me get into it here, just in a second, let’s go through it you know bit by bit. So here’s Crowd Machines website, and they even claim right on their home page here ‘we disrupt multi-trillion-dollar industries’ and that’s crazy, that’s a very, very bold claim that they disrupt multi-trillion-dollar industries, and if you look at Amazon, which we can look at here in a second, Amazon Web Services, Microsoft Azure, Internet of Things, Crowd Machine is looking to take them down using blockchain technology to ultimately disrupt the cloud computing space, the app development space, by turning anybody’s computer into a hosting service, if you will, for cloud computing.
01:47 – Private And Token Sales For Crowd Machine
So again, let’s get into this and let’s just see what exactly Crowd Machine is trying to do. If future blockchain apps will be built and run using Crowd Machine, say goodbye to AWS and Azure, never write code again and get apps to market forty-five times faster. They’re claiming that they’re going to enable users to develop apps, use apps and host apps in the cloud on their Crowd Machine if you will, forty-five times faster than what they can do today. Their ICO is not currently open, they do have a private sale going on now, the minimum contribution for the private sale is one hundred thousand dollars so they’re definitely looking for some serious players, their token sale is going to open up very, very soon, in order to participate in the token sale you need to register to be whitelisted so that you’ll be able to participate in their token sale. If you haven’t done this, I highly recommend that you do this now before you know everything gets crowded, just to make sure that you get on this waitlists, to make sure you get an e-mail when they send out the launch dates of their ICO, you want to be on their list to make sure you’re updated for the latest and greatest. So again, they’re just whitelisting folks right now to participate in the I C O, but they do have a private sale if you do have one hundred thousand dollars, or more, that you want to contribute.
03:04 – What Is Crowd Machine?
OK, so what is Crowd Machine? Let’s go into more the specifics about what Crowd Machine is. Crowd Machine is an advanced, distributed computer, very interesting, how are they going to do that? How are they going to create and build a distributed computer? Think of blockchain, think of decentralized computing, think of decentralized apps, essentially what they’re going to do is they’re going to turn, basically, a network of computers into a super-distributed computer to enable all this to happen, and I want to get a little bit more here but I want to read through this ’embedded within the computer is an app development engine that requires no coding, enabling anyone to come to create decentralized apps and smart contracts without limitations,’ and we will go into the how it works here in just a sec.
03:48 – Problem Crowd Machine Solves
Problems that we solve, and they do get kind of a number of different problems that they solve, but they solve the issue of creating apps, creating smart contracts and they make it easier for developers to do that and make it easier non-developers to do that, so if you’re not a developer you can still create apps with Crowd Machine. What else do they do here? Deploying decentralize apps is tedious so they enable one quick process to deploy apps, sounds kind of like WordPress when you do the one-click install of any apps that are related to WordPress, it kind of sounds similar to that but for applications across the cloud, across the Internet. Again, hosting apps is expensive, Crowd Machine makes it more inexpensive, so AWS did a very good job at this, looks like Crowd Machine is going to disrupt that and try to bring the cost down even further from where AWS can actually bring it down. So, I’m not going to kind of read through all this, but I just want to give you kind of a sense.
04:40 – Crowd Machine Community
‘get paid to be a member of the Crowd Machine community’ Crowd Machine is a focus on this community, the people who participate with the Crowd Machine technology combine to form the most advanced, distributed network and decentralized app technology available today. Community members can be app authors, those that create apps, or app processors, those who use their devices to run apps on the network, whether an app author or app processor, community members are paid for their participation. So, think about this for a second, they’re essentially going to create a distributed, decentralized supercomputer that lives across their networks’ Machines. So you, if you were to participate in this network, you would have a Machine or a note or a computer that they would use to do what they’re talking about here, so as they build up their network of computers, of users, they’re going to be able to host apps on these computers, they’re going to build up and pay users that host these apps on their computers. And even says right here anyone can use their devices, spare capacity to run Crowd Machine decentralize apps and get paid, so you’re going to get paid to essentially a host of other people’s apps and to deploy other people’s apps across the blockchain cloud that they’re going to be building out. Very cool, very, very powerful idea and I’m very, very excited to see where this goes.
05:56 – Crowd Machine Team
So let’s begin a little bit more, they do have a few customers already, GE is one of those customers, which is very, very interesting because I have very close ties to G.E., so I do want to dig into that a little bit deeper, have a lot of press going on about Crowd Machine just because of where they’re at, the team is very, very, not the team, the company is very, very new but the team is solid, solid heavy hitters in the industry, you can look up their LinkedIn profiles right here if you want to, sorry, their LinkedIn profiles aren’t connected here but you can look them up on LinkedIn and you can see what their background is, so Craig Sproule, he is an experienced C.E.O. and systems engineer, product management so forth and so on, financial management, so he definitely is a great leader to lead this company forward. I’m not going to go there all these folks, but you can kind of get an idea if you just look really quick, but the team is solid, the team is big, the team is smart, have a number of advisors as well internationally and domestically within the U.S., another good sign.
06:55 – Specifics About How Crowd Machine Works
But let’s actually dig into some of the specifics about how Crowd Machine works, how they’re going to work and what they’re looking to do. So, if you jump over the crowdMachine.com/howitworks, you’re going to see exactly how their solutions work. Crowd Machine consists of a decentralized peer-to-peer network computer called ‘The crowd Computer,’ so instead of crowdfunding, they’re going to be creating a crowd computer using a network power, they’re going to be creating, essentially, like a supercomputer from the crowd so they’re going to link all these computers together to really create this massive hosting or cloud-based infrastructure to do all this that they’re talking about here, so keep that in mind guys. The crowd current computer is distributed on the Crowd Machine communities mobile devices and computers where each device on a network functions to execute decentralized apps, so if you think of Amazon, Amazon has AWS, Amazon Web Services, it’s all centralized, Amazon has the server farms where they have you know probably hundreds, thousands if not millions, tens of thousands of computers in their server farms essentially doing the same thing that Crowd Machine wants to do, but it’s all centralized within Amazon’s control, within Amazon’s server farms across the world, and so when we talk about Amazon Web Services, what that basically is, it’s essentially, probably thousands or tens of thousands, I don’t know how many exactly, but thousands of computers linked together in their server farms that provides an infrastructure for other companies to host apps, to deploy apps, to host files and anything like that, to do programs in the cloud so you don’t have to have programs on your Machine, you can do them on the cloud. Crowd Machine is taking this a step further and they’re not necessarily building a server farm, what they’re doing is they’re using individual computers, the users, the end-users which would be you and me if we want to participate, they’re using everybody else’s Machines and computing power to offer very, very similar services to that Amazon Web Services offers, they’re just doing it in a decentralized way, so there’s not going to be a company behind it like Amazon, it’s going to live in a decentralized network across the world. Very, very powerful idea, I think it’s very, very cool that they’re doing this and it’s no surprise that the minimum investment is one hundred thousand dollars just to get in for the private sale.
09:16 – Crowd App Studio
So let’s keep going through this built into the crowd computer is a highly capable blockchain and decentralized app-builder technology called the Crowd App Studio, we’ll dig into this a little bit more but you kind of see a little screenshot here. They’re enabling a crowd app builder to enable anybody to build an application and what they’re going to do is they’re going to enable people to use and reuse code snippets across this decentralized network so that you can pick and choose what pieces of the application you want to actually build out. Over the long term, I can see this being very, very powerful. Think of like a GitHub, but a GitHub that allows you to build apps, kind of like a puzzle, by grabbing code snippets and building them out into a puzzle, building out your application with existing code, that’s very, very powerful. Something like this is never actually been done before and really hasn’t been possible to do until now because of blockchain technology. So, let’s dig in a little bit more, the Crowd App Studio allows developers and non-developers to build decentralized apps that run on the crowd computer, Crowd App Studio is easy to use, functionality rich and enables the creation of decentralized apps to meet any requirement. Additionally, blockchain smart-contracts can create to meet the most demanding requirements.
10:32 – How Crowd Machine Will Disrupt Aws And Github
OK once you’re decentralized app is built, it is deployed across the crowd computer for you and made available to your customers. So your app, when you build it, it will be distributed and deployed across the entire network of users and will be accessible to anybody that wants it in whatever region they need to access it by because of the pure fact that it will live on any one of the computers that are in the network, so again makes it more efficient, makes it faster, makes it easier to access, I mean the benefits just kind of keep going on and on. The Crowd App Studio has access to Crowd Share, a library of reusable code the community has created. Crowd Share speeds up the decentralization app even further, so again think of this is like a decentralized distributed GitHub, if you’re familiar with GitHub at all. Community members can add source code to Crowd Share and be paid for its use every time the code is run on the network, so think of GitHub on steroids, people that use GitHub today, they can store their apps on GitHub, they can store their code on GitHub, they can Share their code with others, they can Share it around, deploy it, however they want in GitHub, but they can’t get paid for that because there’s no payment mechanism in GitHub to enable users and code developers to actually get paid or compensated with the code that they’re creating and that’s being used by other users. Crowd Machine is solving that problem by saying ‘look, we’re going to put everything on the blockchain in this decentralized network so you can store your code in a repository like GitHub, but you could also allow other people, other users, other developers, to use that code and you will be compensated every time that code is used, fantastic idea, I mean this is brilliant, this is a very brilliant idea. GitHub is one of the most popular coding and software development websites on the net, it’s probably the most popular site on the net. Amazon Web Services is probably the most popular cloud computing platform on the net, it has disrupted, you know gosh, I can’t even think of how many industries, thousands of industries, I mean has made software as a service a reality and very, very much possible and that is what Crowd Machine is looking to do, but they’re looking to take it to another level and Amazon I think should really, really be scared here.
12:45 – Crowd Share
Here’s a little diagram of how their Crowd Share library works, and it’s just kind of a little diagram for customers and it says app developers to participate in creating a global repository of reusable objects or code, enabling them to monetize their intellectual capital, that’s what I was just describing, Crowd Share app developers create app behaviours and place them in a Crowd Share when they can be downloaded for use by other app developers or customers, again, what I was just describing, Crowd Machine holds it, app developers, as a percentage of the customer annual payment is made available for payment to the app developers who have contributed to the Crowd Share. So, this is essentially kind of crowdfunding development, and it’s paying developers over and over and over when their software, when their code is being used in other applications, so it’s kind of like a mini blockchain in a blockchain, it’s enabling people to profit from the code that they build across many applications that it may be used in. I mean, this is frickin awesome, I want to buy in on this ICO, it’s not ready yet to participate but I want to buy in when it does because this is going to go to the moon, I mean, this is this is going to go bonkers, I know it. Apps can be created using crowd app Studio deployed to the cloud computer, Crowd Machine enables off-Machine apps to be created that are blockchain-agnostic.
14:02 – Project Overview
OK so now we went into know how it works, let’s look at the project overview. This is just a kind of a quick snapshot of what Crowd Machine is, I want to read a little bit of it because I think it’ll help, kind of, clarify and help you understand what really this company is trying to do. ‘So, the problem: the need for software apps is outpacing their creation, while the same time, device memory and processor capacity remains largely underutilized,’ think of everybody’s computer when they’re not using it, underutilized. ‘The world needs a new methodology for creating decentralized apps that speed to meet demand, to support those apps it needs an efficient way to access and utilize distributed power. A report from Vision mobile estimates that three hundred thousand developers contributing to the IoT apps in 2014 must grow to nearly four point five million developers by 2020, if you add that to the requirement for blockchain and the I developers, as well as sustaining existing legacy apps across all industries, it becomes obvious that there is an insufficient skilled resources to support app creation and sustain engineering demand. The solution: Crowd Machine believes in empowering everyone to create amazing apps, their vision is to deliver the world’s most advanced global app execution network and accelerate the delivery of blockchain in decentralized apps,’ in the ways that I was just describing. ‘Crowd Machine harness is both demand and underutilization of the global processing power with its decentralized app solution, it’s creating the crowd computer, which is basically everybody else’s computer wrapped into one, a powerful peer-to-peer computational network that leverages global device capacity to power the execution of blockchain and decentralized apps.’ Woo! this is friggin awesome! I’m so excited about this! OK I’ve already kind of gone through some of this, I won’t go through all this, ‘a truly disruptive technology, a combination of providing a powerful decentralized cloud computer with an app development platform that has removed the need to understand how to write code, to get apps to the market up to forty-five times faster, will change the software industry forever. If they’re successful building this out, this is going to completely revolutionize how apps are built, how apps are deployed, how people monetize apps and how people actually do cloud computing and run software as a service application in general.
16:14 – Crowd Machine Compute Token Cmct
OK, so the token itself, the Crowd Machine compute token, CMCT, is an ERC20 standard token, which is based on the Ethereon blockchain, and will have a fixed supply of two million tokens, sorry, two billion tokens and be divisible to eight decimal places. I think the supply is quite high because of the Internet of Things, and they are projecting that the Internet of Things is going to really blow out the number of apps that are being built, in general across the world, so that’s why I think that token number is so high. Here’s kind of how they’re distributing the tokens, and here’s just kind of all their social media channels, so forth and so on.
16:51 – Getting Paid For Your Code
So let’s keep going, OK so anyone can create Crowd Machine decentralized apps and get paid, so this is basically talking about how Crowd Machine is going to create a repository that you can add code into, similar to GitHub, like I was saying, when the source code that you provided in the Crowd Share is used by someone else, every time your code is run on the cloud computer, you’re paid, like I was saying. So again, a GitHub type of solution that enables developers to get paid for the code that they create, so they’re going to disrupt GitHub, without a doubt, they’re going to disrupt Amazon Web Services without a doubt, those industries are enormous guys. Crowd Share also allows you to use anything from Crowd Share that you might find useful in your own apps, you simply download the source code from the Crowd Share and it’s ready to go, you can also use the source code from Crowd Share in your other apps for free, so this is going to make building apps even much, much simpler as well right.
17:47 – Getting Paid For Your Computer’s Spare Capacity03:48 – Problem Crowd Machine Solves
And so I wanted to also talk about kind of how the crowd computer will work itself, because anyone can use their devices to spare…I’m sorry, anyone can use their devices spare capacity to run Crowd Machines decentralized apps and get paid, so another way you can get paid if you’re an end-user, you have a computer that’s not really being used very often, you can keep you put on this Crowd Machine network and you can get paid for others to host their apps on your Machine. Crowd Machine combines the global spare processing capacity of mobile devices and computers to create the crowd computer, it’s the world’s most advanced decentralized app execution network, you can choose to allocate some of your devices spare capacity to participate in the cloud computer and the paid tokens every time your processor is used to run an app on the network, right, it’s very cool, I probably will participate in that as well. The amount of your device or computer’s processing capacity allocated to the Crown computer is entirely configurable, so you don’t have to use your entire computer’s bandwidth and CPU power, you can configure it however you want.
Depending on upon the device type you’re using to participate, you can choose to function in a number of different types of roles, each roll is paid differently based upon the type of task performed, so they’re thinking of a hierarchy structure of how they can enable people to get paid and how much they get paid for utilizing the resources that they’re giving up.
19:08 – Whitepaper
So what else here? OK, So here’s the whitepaper, I’m not going to go through all the whitepaper, I’ve already explained a lot of how Crowd Machine works, the paper is forty-seven pages long, I definitely highly recommend you read it, it’s very, very, very interesting how they’re doing this, again, I’m just going to look for some nuggets here that you guys may be like. OK, we’ve already gone…this is one interesting piece that I want to show you, so Gardner predicts that the business value out of blockchain will grow to slightly more than one hundred seventy-six billion by 2025 and will exceed three point one trillion it by 2030. Wowee! we’re just getting started guys, we’re just getting started. OK, so again, I’m not going to go through this whitepaper because I’ve already explained a lot how this platform is going to work but I highly recommend you go through it. You can read the whitepaper, you can read about the actual token sale itself, over here.
20:04 – Public Token Sale
I am going to go open up this token sale here, in just a little bit, here in just a sec. I just need to get this ready, I me pause this one second here. Alright guys, so this paper right here explains how the Crowd Machine compute token actually works, how the tokens going to be allocated, so forth and so on, but one thing I want you to pay attention here is right here, when the public say…OK, ‘sale periods: the public sale of CMCT will run for a total of 417 days, the public sell opens on April1st, 2018, so we have a little bit more than a month before the ICO actually opens, but I want to make you aware of this because I want you to sign up for the whitelist so that you’re aware when the ICO does go live, that’s a date that I’m going to be marching towards, I definitely want to participate in this ICO, I will definitely set aside a number of resources, financial resources, to do so. To get on the whitelist, again, go to token sale…I’m sorry, go to crowdMachine.com, click on whitelist and then you’re going to get this form here to fill out, to actually get notifications when the ICO will actually go live. If you take a look on Reddit here, Crowd Machine does have a presence, they have a presence, a pretty good presence already, considering that they’ve just started launching their site, starting to gear up for the ICO token sale, they had quite a bit of information here on Reddit that you can read, you can understand what they’re doing a little bit better, and you can see the interest level in the platform itself.
21:36 – Additional Resources
Also on bitcointalk.org, I will put the links in the show notes here on my YouTube channel, but again it kind of just explains what the platform is, what they’re doing, we have about twelve pages already enthusiastic investors, wanting to learn about…learning about what Crowd Machine is, so forth and so on. Again, I’d recommend you go through here and take a look at this a little bit further because it’ll give you some insights and what they’re trying to do. The FAQ section is also very, very good and I just want to read a little bit right here just again before we kind of close out on this, I want to make sure you understand what this is and what the potential opportunity is here.
22:15 – Recap Of Crowd Machine, Crowd App Studio And Crowd Share
Crowd Machine consists of the crowd computer, Crowd App Studio and Crowd Share, so remember crowd computer is the decentralized network that they’re going to be building with computers all across the world ,they’re not going to have server farms like Amazon Web Services, they’re going to be building their server farms using yours and my computers across the globe. Crowd App Studio is their development suite to allow anybody to build applications by using code that exists in their network, in their repository, people will be able to quickly and easily build applications using their interface, using their building tools to do so. Crowd Share, the last piece, Crowd Share is the ability to be able to Share those apps and reuse those apps and get paid to actually reuse those apps or the code that you’re using to build those apps. It enables developers to be able to profit from any code that they write that others may be using to run their apps, and again, very, very, very exciting guys and then this just goes into you know what Crowd App Studio is, what Crowd Share is, so forth and so on. If you want to get it from them, go through it and you could read, you can read exactly what it is, Crowd Share it’s like a GitHub repository, which I’ve already explained, crowd computer which I’ve already explained, is like a supercomputer but it’s a peer-to-peer based computer network that they’re going to be building out.
23:37 – Conclusion
Again, truly, truly an amazing company, I think an amazing opportunity for those that understand what Crowd Machine is trying to do. If there is one ICO that I would invest in 2018, this is the ICOI would invest in, obviously there may be other ICO’s that come up in 2018, and I may have a different opinion on this, but right now, this ICO specifically is definitely…probably the one I’m most excited about, there’s one other one that I’m going to do a review on and I’m pretty excited about as well, it includes artificial intelligence and building a marketplace and so forth, but excited about that but this one has power, this is very, very powerful, the concept of vision that they played out here, and I want you guys to be aware of it because theICO is coming up in April and you need to be aware of this. Leave your comments in the comments here on my YouTube channel, I’d love to know what you think about this, I’d love to know if you think it has potential, I am 100% bullish on Crowd Machine, 100% in, I gonna save some money to go invest and do that come April, but I couldn’t be more excited about this, this is probably the most exciting ICO that I’ve reviewed to date.
Again I’m Dan from cryptocamacho.com, if you have not subscribed, please click on that little red button below the video and subscribe for daily updates in the cryptocurrency markets, sometimes I review tools, sometimes I teach you how to invest and make more money while trading cryptocurrencies, either way, I’m going to teach you how to navigate this crazy cryptocurrency revolution that’s going on right now. Please leave a comment, guys, want to know what you guys think of this, I am truly excited about this and I hope you are too. See you guys, we’ll talk.