Since this coin has reached it's Q1 first quarter today, I thought I'd give a mini update from a developer perspective. It's just my own personal view, and does not necessarily reflect view of others or the community.
I've been on this project for just over a month and first of all it's been a lot of fun. First of all thanks to everyone that has taken part, particularly coinsolidation, who I am amazed has not collapsed of exhaustion yet! The team is great to work with and everyone has their thing, it's a very enjoyable vibe. The project area has grown from about 10 people to over 80 in the last month, with some people looking in and some more regular. There seems to be quite a lot going on in the pipe line, and it's also seems to be operating in the way of a DAC (decentralized autonomous corporation). So it can be full of surprises sometimes, and everyone can choose their own level of participation.
Development seems to me to be going quite well. There's lots of things being worked on and a regular stream of releases coming out, small and big, on the topic of marking. I would say it's more on the smallish side right now, than the big, but that can change easily. Markpfennig has a big release in trello that can be tracked, so that is something we're all looking forward to. Poloniex did an excellent rollout of marking in the space of a few days. Kudos.
We now have prototypes of marking on a number of platforms:
- slack
- irc
- twitter
- poloniex
- cli / shell
- web
- bitcointalk (yes you can mark here - shhh)
- browser based client side certificates (including android)
These range mainly from proof of concept to full production quality as in poloniex.
What I see as being in the pipeline is:
- email
- github
- android client
- soundcloud
- vimeo
- youtube
- much more!
And quite a bit more. At the same time maturing the existing work, scaling it, making it robust, security etc. It seems to get a little better each day, so hopefully that will continue.
Relationships seem to be going pretty well and we actually seem to be working well with lots of other teams. From my experience that's a rare pleasure in free software, so I think that's a positive.
Our web integration I think is getting really quite strong and we are well placed to be one of the leading coins in the world of REST / Linked Data / Web 3.0 / Semantic Web (all those terms mean similar things) which some people believe is the next logical step for the web -- at least that's what we are betting on.
As with any new technology the transaction levels and users start slow, so the challenge is to increase that, over the next quarter.
I dont normally talk about price, but I think I will give what I see as guidance, take is as you will. The coin is up almost 1000% in just over a month since I've been involved, which is a pretty decent rise. Last I checked it was around 110k satoshis. It's been as high as 250k. I think a lot of the trading of this project is on *potential* and that's a pretty hard thing to judge, especially if you are not close to the technology at hand. From a neutral standpoint I thought that when we hit 250k the price was probably ahead of the development at the time and I thought 200k was fair. Since then imho dev has gone quite well, and I'd say fair would be around 250k sat. now. So it's a good time to buy or mine cheap coins, imho. A lot depends on the next 3 quarters, particularly the next quarter. Watch the metrics primarily of implementations and users, growing tx numbers (mainly off block) and I'd say to a lesser extent mining / trading. I'd look to consolidate the 250k level then take stock of where we are again. Well I said more about price than I intended!
I've spoken to quite a few people (technical and non technical) about marking, from artists to geeks. Most seem to really like the concept. I keep hearing lots of creative ideas that are inspiring in the same way that bitcoin inspired me in the early days. For example I really like the mark to tshirt designs that have been discussed. Hopefully marking is an idea worth spreading and can attract creative people to get involved. Anyone can help out and make this project what you want it to be.
Just my 2 marks, hope it helps, looking forward to working with you all!
I want to mark you for the update. How can I do so?
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