Yes, banks who hire blockchain experts hire them because they want to obtain advantage in the market. There will be winners and losers of development. It is difficult to tell when it is the right time to invest and what the right amount is at a time. Some banks have started to invest already, some have not. But banks are interested in improving their own services based on blockchain technology (thus creating their own platform), not in the adaption of any existing platform. However, I do not think that existing BTC/altcoin chains would ever be competitors to them. Due to the official regulation and financial background and existing infrastructure, banks will stay on the top of financial system and BTC and altcoins will remain that - alternative currencies.

So, what is your progress with this project's development? I think, it is a very good idea and wish to learn your solutions to the questions above. I am sure, your answers would make many more people help your product if they have their questions cleared up.

Do you intend to develop this wallet, OP? Or what else was the reason to collect these suggestion? There are some very useful advice in this thread. Good enough to start with. However, if you are a developer yourself, I can give you additional tips related software technology and security.

I am still looking for this. Thank you for your contact! I will add you when next time I am on Skype. I hope you do not mind if it does not happen very quick. Actually, this is somewhere in the middle of the importance list, but certainly not something I will not need in the future. So, thank you and I am open-minded for other offers too in the meantime.

Since not getting a reply, I am assuming this offer is no longer valid? Not for me, at least. Feel free to update us if the case is different, but I am unwatching this opportunity from now on. OP, you may PM me if you still need a customer and want to offer this service.

Thank you for PMing! Honestly, I did not have the time to check the whole story yet, but it seems OP really has a kind of plan. I am leaving this message here to encourage people to care with this project.

Yes, that is what I meant by "move". So, it is not really move, but spreading to other platforms as well. I have no argument against spreading the discussion to other platforms too and I welcome the fact BCT is still among these platforms. Who are the Monero developers in this forum, by the way? We all know, this platform has a kind of spaghetti view, but I want to know what answers are "official" and what are not.

What about the starting nodes then? No altcoin start with no node. I think, the amount of nodes the developers can have work when initialization has impact on stability of the platform and such a stability may have impact in the price. Again, it is security. A network of a few nodes is more dangerous than a network of more nodes, providing the same quality, features...etc. And here, risk has cost.

Since I am taking this Android based development course NOW, could you please elaborate what you mean under "portfolio"?

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As for my previous, non-Android projects, I have had some programming projects and tutorials in the forum, already:

Autobump-bot from Bitzard || No PHP || Multiple forums || VirusScan
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Also, member of BITZARD security and programming team.

I am taking an Android based development course. Now, I can use my new knowledge to do some actually useful thing. Also I usually invest into promising altcoins or professional altcoin related platforms so I want to join the two. What Android mobile application would you find useful? How much would you pay for such an application in the market (no need for exact price, just price category: low - regular - premium => compared to usual market prices)?

Yes. In fact, all the important questions were answered clearly. I did not regret posting this thread as I found it extremely useful and I do not mind having it around since alot of people need to learn what we discussed here, but I will close the thread so that shitposters cannot ruin the point of discussion.

That suggests the number of nodes has an effect in its price, doesn't it? The more people support your altcoin, the more demand it has and the more demand an item has, the more value the item has. I thought that was a working principle.

Also, security. Would you rather trust a network of 2 nodes or 2,000 000+ nodes? A network of 2 nodes is more vulnerable to hacking, DDoS, internet provider...etc. Destroying/infecting/hijacking/centralizing a 2,000 000-node network is more difficult than a network of 2 nodes. Security should have an effect in value too.

So, the question is not whether, but again, HOW does this effect appear in price?

So, all miners have to keep a full copy of the ledger to run stable. Yes, I assumed there was a method like SPV mining since downloading the full ledger takes time and HDD space and it is just certain we are thinking whether we could avoid the unpleasant investment (in time and space) and jump right to the profit part. But if I understood right, it did not work out very well so you are strongly advised to download the full copy. I was assuming the same at running nodes that there could be a method to verify transactions...etc. without downloading the full copy. But I guess, it neither works at nodes then. Sooo, both miners and nodes have the full copy of the ledger downloaded, but they have different configurations as for purpose?


That is true. Thank you for pointing out! Even light clients are dependent on the trust in nodes.

I was assuming such an option from "mining". As we know, there are several mining specialized HW out there. Why isn't there such HW for full nodes? Since one of the advantages of keeping a full node is security, don't we want to keep it even more secure by pushing it into a HW that is secure at "lower level" (lower = closer to machine level)? Because you know, a regular computer can easily be hacked, infected...etc. Especially if it is the computer, you use for your daily tasks.

Yes. Literally, that is what I meant with that question. Sticking to the very good analogy: why would people buy a safe in their house when they have or intend to have only a small overall value there? People who invest to buy a safe, usually invest to it because they have or assume they will have a certain value to keep there. Returning from the analogy to BTC, I am interested in what this certain value is. 1 BTC, 2 BTC...etc?

By moving from BCT to your own platform, aren't you afraid of losing "trust"? By this, I mean here in BCT there are all kind of people. People who support Monero, people who are against Monero and people who do not even what they are writing about lol. But the point is, different groups of people could share their opinions here and have a clash of arguments. In your own platform, obviously, Monero supporters have louder voice. I am not against having multiple platforms of communication including your own forum...etc. but moving away from BCT, which is considered one of the central places of crypto communication, I am interested how you are not afraid of losing attention to your currency and an elaboration of what you mean when writing people who have to know about Monero know about it already.

At what amount of BTC am I advised to invest into this hardware wallet? I understand there is an amount of BTC where after web wallets are difficult to trust. Also, I prefer divide my funds between web and HW wallets. So, what is the amount of funds when I am advised to consider investing into this? How much BTC did you have (if not private) when you bought your first HW wallet?

I precisely am interested in your "improvements" since I and people I know were all totally satisfied with some of the mentioned trading software (I will not make ad for them here, though). Since you mentioned "private usage", I assume you are willing to use these "improvements" personally, so not for the profit from sales. If that is true, why don't you suggest the so-mentioned improvements to the Staff of any of them projects? I think, if they really are that great improvements and they implement them that means a win-win. Then you could simply use the product, which should cost less than hiring a professional.

Yes. Thank you for your answer! I was wondering whether you bought a piece of hardware (like a VHSIC), which was made with the purpose of running as a BTC node or you just installed a full node in a Linux VM in a general PC.

Running a full node 24/7 is not cheap. Even if you have free energy access, you have to dedicate the HW and similar. It is especially important at a new altcoin where future is even more unpredictable than BTC network's.

Does the node-base of an altcoin matter as for its price?

Which altcoin has the greatest "network" right now (in number of nodes)?

What altcoin pays the most for running one of its nodes?