This is a purchasers critique and analysis of the Patientory project during the Patientory Token Sale:
- The code is not on github because they are using closed source code for their product. This is completely unfamiliar to most ETH and BTC folks because we’re used to code being open sourced. Patientory is choosing a different path, and considering their need to follow HIPAA guidelines, that’s fine. It’s not a red flag; it’s just unusual in this space.
- “Seemingly stolen IP” This was a pretty incendiary comment, and it doesn’t hold up one bit. I downloaded the Patientory whitepaper and compared it to the link you provide https://www.healthit.gov/sites/default/files/8-31-blockchain-ibm_ideation-challenge_aug8.pdf and ran it through a plagiarism checker. 3.5%. That’s nowhere even in the orbit of close to possibly plagiarized. I’m curious to what you used to get 25 and 80 % plagiarized (as if 20% is even close…) as a return? What was the file you used? It certainly wasn’t the white paper from Patientory.
- Claimed partners and deals. Patientory claims Boomtown Accelerator in Colorado as helping them lift off, as well as Permanente (ie Kaiser Permanente). They’ve been working with them the past 16 months. You ask for documentation to prove it, which is fine, but after you’ve just called their white paper plagiarism, and in the middle of a busy crowdsale, it’s disingenuous. Before you rip out an Ethtrader post calling people deceptive, why not try contacting a few of the companies listed on their webpage and ask them? Ask Boomtown if they’ve heard of Chrissa McFarlane and Patientory. Ask them if they have people to recommend you call. If you care enough to spread FUD on reddit, you should care enough to use a phone to get accurate facts.
- Team. You’ve got a point here, but it’s hard to agree when we’ve gotten this far. Chrissa, the CEO, does have experience in the medical/insurance world (which is what Patientory will be dealing with) but the other main folks are generally not health care people. This isn’t an issue for me, as they seem to be capable entrepreneurs so far, and they’re actually working with the people who will use their product and designing the UI with their help.
- Does the team have any plan? If you had signed up for emails and gotten on the slack, you could have asked for the road map, which the team is pretty constantly telling people. The road map is available on the website right now (Patientory.com was DDoS’d yesterday during the crowdsale’s start) and I can guarantee I saw that before yesterday. And yes, a great majority of startups fail. It doesn’t help when people are misinforming the public about them, but thankfully the people who actually make the decision whether or not to buy their product will not be consulting r/ethtrader.
- Fake press. See, they’ve been incredibly upfront about the articles that have been “paid content”. You didn’t have to dig hard because it was written above the articles in question. That’s a fairly common way to get some visibility on the internet. And as the product is in beta, I doubt any doctor is going to endorse it. Like you, I want to see the app/product, but unlike you, I trust the web of information surrounding Patientory’s CEO and it points to it being legit. Also, their response to you pointed to some non-paid press as well.
- There were no high pressure sales tactics. This is just ludicrous on its face. The team did offer more opportunities for pre sale investors to buy in, and that upset some people. On the other hand, the team allowed the ETH price in USD at sale start to be used for pre sale valuation, so those of us who donated when ETH was around $150 didn’t get smoked when ETH was at $220. Investors spoke up and Patientory listened.
Original content can be found at: http://bit.ly/2qTOEjq