Hi everyone,
Essentially, Bitbucks was launched as an economic experiment. It did only one thing, and that was to put Bitcoin's inflation schedule into hyperdrive. This would allow us to see how individuals would cope socially, in the market, etc. There is one major flaw in that experiment, as Bitcoin's expansive base WAS formed over the long tenure of steady inflation, not hyperinflation. Any conclusions drawn from Bitbucks' correlation with Bitcoin would be rendered irrelevant, as the model is unfeasible and simply unrealistic to create that base that Bitcoin has, and build on top of that. There is no point in running an experiment when you already know the results, and in this case, once the PoW ends, the chain would stop propagating due to the lack of miners. As the Bitbucks platform does not have any value.
In this case, we will be doing something entirely new. The Bitbucks platform will switch to a token model on a Python blockchain platform. This is exciting stuff, as we will be pretty much the first official token project built on any Python platform. There will be a rebrand. There will also be a whitepaper release. And there will be a swap between the Bitbucks coin to the token.
There will be more information available soon. Before we facilitate any swap, we first have to get on an exchange, and we are working on that at the moment.
Regards,
The Bitbucks Team
Thank you for updating information!
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