We could use those funds because we crypto not burning much funds. We hired new coders. January 26, Hyper this for a startcoins now September 12thbitcointalk
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So, I think people will be glad and they will be participating. Full launch will be in late summer We are talking to some pretty big VC people about launching that platform. If they do it, they are going to be heroes. Is this still on track? Also, we are working on fiat gateways and the Bitcoin gateway. When do you anticipate this swap will occur?
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So, Bitcointalk Community Token is made especially for this. So, in Ethereum, it is really costly to have this structure. The way crypto works is, between the 16th crypto the 15th of startcoins month, there are going to be snapshots taken. How cool would it be if Sasha would be my running shirt sponsor hyper one million people would startcoins my Waves bitcointalk shirt? So you have to limit the minimum amount hyper which you can forge, or mine. People who want to attain some specific goal? You can test the backend now using the API.
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We will have fiat tokens on our blockchain soon after launch and are in talks with several payment systems already. This is not fudding or trolling if anyone can change my mind please do, but if you just look at the roadmap and the weekly and the FAQ they share.
At a certain point you have to say okey this is enough no results allot of false promises. You forget to add asset creation, full scorex node that had to be rewritten. Took 3 months more than they thought due to flaws in 1. Incent, darkrus, DEX almost fully tested but matcher and DEX are working well, just needs the front end liteclient for completion.
Also needs front-end work done. Not to mention a full open team working at meet ups and creating synergy in the cryptoverse. And everything else behind the scenes Hero Member Offline Activity: FlawLezZ on January 25, , Please reread my last post, it explains as had Sasha on many occasions why there was such a delay.
Everything else seems to be following correctly just add 4 months to the timeline. There is a lot of interest in real estate projects. So, people either want to raise money for building new real estate, or for buying apartments, renting them out, and sharing the profits - several groups of people.
One group is ready to launch; I talked about them an hour ago probably. They have one coworking building in Amsterdam. They want to scale, and have several coworking places. It is more like a technical hub. You can go there and you can rent an office like, immediately. You go there with your team, and they set you up within a day. If you know WeWork for example, it is a huge company with a capitalization of 15 billion dollars.
We are getting bored lets dump this to 10k or pump to 50k, we need some move, come on whales, dump or pump. People need to buy into sell orders but this isn't happening. I was on slack. Some people in the office had to take a rest. Now, we are back to work and we are working very hard. New people are coming. We have a couple of new coders.
We hired new coders. This is the time now when we are starting to draw more attention to our project. We have many new startups coming to our platform. They are going to crowdfund. We have several crowdfunding campaigns lined up on Waves Platform within a couple of weeks. This is the time where things are really starting to move.
This is the way it should be? I know it slowed down a bit. Tell us about any new additions. Have you added any new people to your team? We have added a new coder, a backend coder. We are hiring a new frontend guy. Ok, there were holidays so people had vacation for a week. But, we are moving pretty fast I think. Our goals for January are to test the DEX.
We have the backend for the DEX and we have to create the frontend for the distributed exchange. After we have the frontend, we will be launching it. So, the backend is ready. It should be properly tested, and we are working on it. The concept is working and as soon as we have the front end we are going to launch the distributed exchange. Also, we are working on fiat gateways and the Bitcoin gateway. The Bitcoin gateway is going to be first, and after that we will have the Euro gateway.
The Bitcoin gateway should be there by, I think in two weeks. At the same time, we will be integrating the Euro gateway. Very soon, we will have proper functionality of what you see in the wallet. We are organizing lots of stuff here in Moscow.
Maybe I will have a talk too because there are several meet ups there at the same time. I think it should be quite effective. We will be having some kind of a conference here about the status of Bitcoin here in Russia. We are inviting some people from the central bank, from Duma, from all those organizations who are in control of the situation here.
I think it is very important. After it was over, he received the Visa. There are a lot of misconceptions about proof of stake. So, we have some stuff here. Has there been anything added to the full node after the release? One one hand, it enabled us to move faster. So, there is a tradeoff here. We are tweaking the code and we are making it easier to work with. At the same time, we are working on features.
Our next big feature is the DEX and fiat gateways. What is the roadmap for later? We have to make proper block structure. We have to make a header, like what you have in Bitcoin more or less. We have a roadmap for scalability. I can admit that we took too much time to implement what we have now. We will be more focused on business applications now and at the same time trying to implement those nice features with scalability and stuff.
But now, we are more focused on business applications and features that can be implemented right here, right now. Is there some type of an advantage for them to run their own full node? Why would they choose to run one? So, it is better that you be in control of the situation.
You can offer the service to people and make some additional money from offering this matching service. It is very easy to have your own full node.
It is very easy to set up and to maintain. I think Incent has about 2 or 3 full nodes they are running. So I believe that would make them a really efficient team, right? They are waiting for our DEX to be launched so they can start trading their loyalty token.
They have to use our tech. What are the advantages? What can be done with C. At this stage the most important application is of course crowdfunding campaigns, and you can use those tokens in applications like Incent. For example, Incent has C. Actually, Incent is considering different applications. They offer their platform that they used for their own ICO to other projects. If you use their platform, you can also use the Incent token as a loyalty token for your ICO, which is also nice.
So, there can be many applications here. We have several pretty interesting projects, like, unusual projects, that are going to start crowdfunding soon. For example, we have a project that launches coworking places in several major cities in Europe and the US. We also have several groups of people who want to start things like raising funds for production, and stuff like that.
So, those tokens can be used for many things. The most obvious application is using them as a voucher or a token for your future product.
If you have a prototype and you want to scale, or you want to launch the manufacturing to order like, gadgets or whatever, in China, at some factory.
So, this application is very obvious and many businesses, not only cryptocurrencies, like, brick and mortar, can go in that direction. For example when you have like, as I just told you, when you have a prototype and you want to scale it.
Say you need 1 million dollars, and people are buying some kind of vouchers for your future product. Or, for example, some retail companies can come to Waves platform and buy the product for a huge discount.
For that money, you order the production, the manufacturing, and people can buy the product with those vouchers later.
We are talking to some pretty big VC people about launching that platform. What functions can it replace in the Ethereum platform? You can do it simpler with C. You can trade them in a decentralized way. We developed this scheme where you have centralized matching with decentralized settlement.
So, in Ethereum, it is really costly to have this structure. This approach, where you have centralized matching, and only settlement is on the blockchain is cheap. You have your funds at all times in your wallet. The exchange is doing just the matching. You are in control of your funds at all times. Ethereum is very cool, and I realize that we need to have some kind of smart contract functionality.
I am thinking how to implement it in some different way than Ethereum. People will be coming to Ethereum no matter what. We will have to have it too. At the same time, we have to decide how we will proceed with smart contracts. So, maybe at the end of the year we will have something. Obviously, a good blockchain platform has to have some kind of smart contract functionality.
He said he wanted smart contracts and those types of features with Bitcoin. Then he disappeared and it never happened, and then Ethereum took over. They have scripting in Bitcoin actually. You have to pay to run the contract. This is the achievement of Ethereum, this scheme. But, it was all already inside Bitcoin. So, it was realized in Bitcoin, in a way. Everything has already in Bitcoin. The ideas, maybe, they are coming. It really brings something innovative.
Ethereum is innovative too, but it has all already been in Bitcoin. Probably it makes sense to try to realize some kind of not too incomplete scripting the way it was realized in Bitcoin. And, there are some different schemes with Turing completeness. For example, Chain platform is a very nice permissioned ledger.
They did created a very nice thing. So, take a look at it when you have the time. Hyper Ledger has Ethereum contracts; Chain has some other approach. We are thinking in which direction we should go in order to have some kind of blockchain scripting and blockchain smart contracts.
We are also working on leasing now, the leasing functionality, where you can lease your funds. The forger or the miner can just use your funds to mine. You have to have leasing functionality in order to make proof of stake secure. You can actually try to attack the network by doing some kind of grinding attack, and keep all the proof of stake rewards for himself.
So you have to limit the minimum amount with which you can forge, or mine. So, in order to enable them to make some money off of the fees, you need to have this leasing functionality. So, a small account holder can lease his or her funds to a miner and have some profit from the activity of the miner.
We are working on this; we have a coder who is working on this now. I think it is almost ready. That can have many nice implications actually. You could only lease NXT. I want people to be able to lease also like, custom tokens. I see lots of implications and directions where it can be used. So, we will have this functionality too. Waves leasing is kind of ready. We have to test it and we will have next token leasing.
You mine with your stake in POS systems. So, you need to provide the leasing functionality for small account holders to be able to profit from the fees. So, they just lease their funds, for example Waves, to a big account and this big account shares the profits with them. They can just cancel the lease and they can take the money back. They can only use them for forging. So, you are always in control of your funds, and at the same time you can make money off of transaction fees without actual mining.
This is like some kind of restriction that you have in proof of stake systems. You have to have this leasing functionality for the network security. That is for sure. You need to have some kind of big economic incentive. For example, when people are trying to mine on two forks.
So, they are like supporting the attacker and they are mining on the wrong fork, they are like, banned from the network, and their stake is taken from them. So, when you see that someone is mining on two forks, or two branches of the blockchain, you just take his or her stake from him; you just fine him. Probably we will have something like that on the way.
So, if someone is able to like, have half of all the total Waves, he can control the network. He actually is saying that his question is not about POS or leasing funds. His question was about doing a crowdfunding, and letting the C. For example, could there be a charity C. If you have this token, you can vote, for example, for endorsing some projects.
You can vote for many things; we will see what people are going to be voting for. But, the basic idea is to vote for the endorsement of new projects that are coming to Waves Platform.
If you saw in NXT, they have this nice voting functionality. You can, in principle, you can vote. You can have this voting for the direction where you are taking the project. It depends on your agreement between your community and the project maintainers. So, it is doable. So, I think people will be glad and they will be participating. Of course, they have to be active. This is the tragedy of the commons. This is like, some kind of game theoretical thing. When you want people to vote for something and only people who have some agenda vote.
People who want to attain some specific goal? Because, if they endorse it, the idea is new projects will be happy to send some tokens over to the Waves community and they will be distributed among the Waves Community Token holders. You also mentioned crowdfunding. Will there be a website that people could start their crowdfunding on? We are talking to several like, working crowdfunding platforms and we are talking to several groups of people who want to make their own platform.
Something is going to materialize very soon. We need to have this Kickstarter-like website that has tokens. We have this product thing that I told you about - this thing where factories can crowdfund for new products. We have to have, like, a normal Kickstarter approach where startups can announce their project, and can issue some kind of token that are used within their project.
For example, a social network launches an internal currency and they sell it to investors. It can be used later within the network. It should be also done in a centralized way. We have to have some web platform where people can do it easily. It should be built on top of Waves. So, we are working with a couple groups of people who want to do that. But, it is better if we have someone to support, maintain, and launch it because, you know, it should be a third party project.
You are just waiting for the product. It is launched on Waves; you have Waves tokens, but it can be sold for everything. But, it is time to revive it I think. The Bitcoin gateway will be realized in partnership with Coinomat. Bitcoin will be supported through Coinomat at this stage. Later we will probably have to work with different exchanges to create some kind of multi-signature account where, for example, several exchanges can control all the Bitcoins that are within the Waves ecosystem.
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