Update time, we have been working on an optical processor for a couple of years which the engineers have completed now. So we are now seeking investors locally to purchase the equipment so we can make them in house. Once that is complete we will be launching the coin as the only current coin that can be mined but not abused through mining. We have a few investor meetings setup this month. If one accepts the project I will be back here to update everyone and then push the coin forward.

We finally today got a team to be directed by the original Dev. Progress updates should begin again once he has everyone moving forward.

We have hired and fired 3 people so far, once its apparent they dont understand what we are doing we cut ties and try another dev. This is a tedious but necessary process to ensure that the foundation is strong.

Generally investors want to gain an advantage in tokens presales, mining in some manner, or simply a chunk of coins. Any of these can imbalance the equilibrium we are aiming to maintain. We have not directly worked with ICOs but they seem to have a whole set of eyes on them now and probably more so in the future and we aim to stay out of the public eye. So that summarizes the issues. If we had the funds to hire 1 or 2 helpers fpr our dev we could probably be done in under a month and move onto launching the coin on the institutional platform. However, we would like to maintain our soul. If anyone has ideas on how to approach the subject let us know we'll consider it.

We have been self funding everything....so yes? We would like to take investors but the issue there is they all want some form of advantage for their investment (understandably so). It isn't a problem now but it would be years from now unless someone can think of a way to make it fair for everyone.

We are working on getting funding for the launch and completion, there are many other pieces to the project we want to tie together to get this all rolling out to the public. Sometimes the right way is really difficult to get moving.

Still in process, we are going slower due to some new tasks we have to handle to make this come to life. The wait will be worth it. We have partnered with ACTtrader.com to have coinage available as a pair to trade using institutional financial instruments. Be patient and check back for updates as the project progresses we will update it here.

Our git is private and yes we only update here.

Our lead developer had to begin working a day job to secure his citizenship but beyond that slowdown everything is moving along. We are writing the whitepaper this week and should have it done soon.

Soon. TM

We have continued refactoring each piece, we are now refactoring the blockchain so we can swap it out for a different type if we choose. We have completed work on a blockchain database, it will be a searchable db using a blockchain. If it functions with coinage as intended, we will roll it out in the next test version.

Progress is being made, we are rewriting pieces that we find will work better refactored. We are testing methods to handle strip mining. Currently its looking good, noone will be able to abuse mining like they have before. There will be a hard cap on how many coins can be mined per day/month. This is what we have been testing for a week now. We are making progress but be patient this is to be released the right way. And we are prepping to integrate a framework like spring.

Today we finished hibernate integration, testing and refactoring. Next will be clean up work for beta, more unit testing and some bug hunting. I will upload the update, some of the GUI fixes are not complete, but they will be taken care of before beta is complete.

This greatly reduces the amount of code needed for save and retrieve functions which are going from 20 lines to ~5. Thus, 1/4th the chance of bugs.

https://en.wikipedia.org/wiki/Hibernate_(framework)

Looking quickly through the h2 corruption, seems the people getting the corruption are disabiling some important consistency checks to squeeze a bit more of performance. Sounds a bit stupid to complain at that point, but we'll see when we get to testing. We'll be sure to stress test the database.

Someone pmd us asking why h2.

h2 is our first choice due to it's small footprint and ease of portability, but we can switch to another database at any time. We will be testing different database technologies before the initial launch to see which one will be best for our case. That's one of the reasons we are pushing hibernate next, we can change the database type without changing our code. Everything will be tested, clean, refactored and modular.

As of a few minutes ago we got hibernate to work with the ide and appears to be functional.

For the mined blocks, its a bug we already fixed but didn't push out yet. It wasn't transmitting information across the network yet. And yes placeholder is correct it isnt optimized yet.

Yes the waiting has been long, we crossed 6 years now.

There is a lot going on behind the scenes here, other projects we are tied to and partnerships. So hold onto your seat. We plan to disrupt or break laws and industries, this will be a fun year.

Well we do appreciate the enthusiasm.  I do not recall ever seeing another project attempt to follow the satoshi whitepaper to the letter/spirit of the vision, but we will do our best to ensure we achieve it.

No exact date, basically once everything is working as intended and tests and audit are complete.

Updating the OP and info on the thread to reflect current development.

After staking and other issues are fixed for beta, we will begin code audit....the end is in sight my friends.

Iota had a ico, COINage will not have a ico. And the code is original, and following satoshis original vision.

Today we are moving from sqlite to h2 db. And we finished block headers and tx broadcasting.

The idea is, once the main address receives a tx, it changes further encouraging anonymous transactions. Old addresses are still valid but not showing up in the wallet to keep users from ruining their privacy with laziness.

As soon as you use an address, it's no longer anonymous, since it can be traced.And reusing address just makes it way more easier to figure out who's using it.