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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [RELEASED]BitMoney.i2p - Centralized|Const solo POW|Unlimited supply|Instant tx on: December 27, 2015, 10:22:04 AM
Hello guys!
We are constantly working on the next stage, so all is ok.
There were no any serious attempts to find services owners to offer them integration (only up price in this topic, but nobody sees it).
In January I'll visit SEO forums and will search for people who owns services and would like to integrate them for clear money (BTC).
The main goal now and in the future is still further system development.
Thank you for support and Happy New Year!
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [RELEASED]BitMoney.i2p - Centralized|Const solo POW|Unlimited supply|Instant tx on: December 07, 2015, 07:17:19 PM
Double thank you. I am sure, we are on the right track.
3  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [RELEASED]BitMoney.i2p - Centralized|Const solo POW|Unlimited supply|Instant tx on: December 07, 2015, 09:06:52 AM
We had a small talk with a guy in other topic https://bitcointalk.org/index.php?topic=1268279.120
He generally discussed BitMoney with z0rg1ink, but I also add a small view on our project.
It may help newcomers to understand our general ideas, so I want to paste it here either.
-----
Just have noticed this discussion. I am also a member of BitMoney dev-team. Hope to make all clear about our project, if it is so actively discussed.

- What is it about exchange rate? Will it always fall?
As soon as we integrate many services, people will start to buy BTM for their needs. Most people can't mine as much as they need for usual transactions. So the rate will stabilize, with small inflation like any currency has.

-Well then, what is the reason to integrate it with my service or just use?

And it's the main point. Here we come to the topic subject.
We are developing payment system which should have many obvious advantages if compared with Bitcoin. I just paste here some description from the manual:

* Anonymous (for clients) transfers optionally.
* Small storage requirements
* Ready to work immediately after start.
* Client-server protocols based on the i2p network, most experienced system for anonymous and encrypted communication.
* Client authentication and encryption key exchange based on RSA with 2048 bit keys. Everything including local settings is encrypted with AES-256.

In short, BitMoney transactions are fast, and can not be tracked like Bitcoin payments. This fact and out i2p relation provide many opportunities and we are trying to catch and use all of them (ani-spam system is just the first and one of the most simple examples). I can't say if we shall succeed or not, but the next generation cryptocurrencies have to provide this properties for their users. Bitcoin can't reach it by design, and we are already doing it.
Just for example. Fast transactions provide opportunity for shops to sell goods with a price based on almost current exchange rate, not making 3-10% markup for safe currency exchange. Moreover, low commissions let shops to make even lower prices in BTM, that is good for their consumers.
Offline payments are the other interesting feature. It will be implemented in the future release.
And I can go on long enough.

-What is the reason to mine BitMoney anyway, if my electricity doesn't cost ~0?
First, for small amounts it's easier to mine BTM than to buy it. It's most about different ani-spam services (look our forum or build-in chat for example).
Second, we have plans to provide a kind of investments with BTM, but it's not about HYIP pyramids or something alike. It should be a kind of investment in external services implementation, clean and profitable for all sides with a goal of further project development. But now it is all I can tell about that.
Third, BTM mining is still profitable just to buy BTC with current rates.

Finally, if we are speaking about Bitcoin. It is also not profitable to mine for most of users. But they use it, and not because of profitable mining, but for its comparative security and anonymity.

-Where is admin's profit?
We have commissions for most of transactions like any other payment system has.  But our commissions are much lower.

-What happens, if you have problems with fbi?

https://bitcointalk.org/index.php?topic=1241229.msg12975575#msg12975575

Please, just check our news sometimes. We are in constant development and have ideas how to implement our plans in reality, with benefits for everyone.
4  Economy / Economics / Re: The economic model behind Bitcoin is flawed on: December 06, 2015, 10:09:16 PM
Hi deisik and hi all Smiley
Just have noticed this discussion. I am also a member of BitMoney dev-team. Hope to make all clear about our project, if it is so actively discussed

The one million dollar question... Why should we trust you?

It's the weakest point of the system, you are absolutely right. Trust shall be accumulated due the time of stable work, but it will never be enough.
The main point: we are developing it and we have profits from BitMoney stable work and popularity. Absolutely no reasons for us to harm the project or our clients interests.
I hope that build-in exchange will not be the main BTM market, so users will not have to rely upon us in this point either.
5  Economy / Economics / Re: The economic model behind Bitcoin is flawed on: December 06, 2015, 09:30:35 PM
Hi deisik and hi all Smiley
Just have noticed this discussion. I am also a member of BitMoney dev-team. Hope to make all clear about our project, if it is so actively discussed.

- What is it about exchange rate? Will it always fall?
As soon as we integrate many services, people will start to buy BTM for their needs. Most people can't mine as much as they need for usual transactions. So the rate will stabilize, with small inflation like any currency has.

-Well then, what is the reason to integrate it with my service or just use?
And it's the main point. Here we come to the topic subject.
We are developing payment system which should have many obvious advantages if compared with Bitcoin. I just paste here some description from the manual:

* Anonymous (for clients) transfers optionally.
* Small storage requirements
* Ready to work immediately after start.
* Client-server protocols based on the i2p network, most experienced system for anonymous and encrypted communication.
* Client authentication and encryption key exchange based on RSA with 2048 bit keys. Everything including local settings is encrypted with AES-256.

In short, BitMoney transactions are fast, and can not be tracked like Bitcoin payments. This fact and out i2p relation provide many opportunities and we are trying to catch and use all of them (ani-spam system is just the first and one of the most simple examples). I can't say if we shall succeed or not, but the next generation cryptocurrencies have to provide this properties for their users. Bitcoin can't reach it by design, and we are already doing it.
Just for example. Fast transactions provide opportunity for shops to sell goods with a price based on almost current exchange rate, not making 3-10% markup for safe currency exchange. Moreover, low commissions let shops to make even lower prices in BTM, that is good for their consumers.
Offline payments are the other interesting feature. It will be implemented in the future release.
And I can go on long enough.

-What is the reason to mine BitMoney anyway, if my electricity doesn't cost ~0?
First, for small amounts it's easier to mine BTM than to buy it. It's most about different ani-spam services (look our forum or build-in chat for example).
Second, we have plans to provide a kind of investments with BTM, but it's not about HYIP pyramids or something alike. It should be a kind of investment in external services implementation, clean and profitable for all sides with a goal of further project development. But now it is all I can tell about that.
Third, BTM mining is still profitable just to buy BTC with current rates.

Finally, if we are speaking about Bitcoin. It is also not profitable to mine for most of users. But they use it, and not because of profitable mining, but for its comparative security and anonymity.

-Where is admin's profit?
We have commissions for most of transactions like any other payment system has.  But our commissions are much lower.

-What happens, if you have problems with fbi?
https://bitcointalk.org/index.php?topic=1241229.msg12975575#msg12975575

Please, just check our news sometimes. We are in constant development and have ideas how to implement our plans in reality, with benefits for everyone.

6  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [RELEASED]BitMoney.i2p - Centralized|Const solo POW|Unlimited supply|Instant tx on: December 05, 2015, 11:25:30 AM
Another few cents to the pot, 51000 total now.

Tomorrow i'll finish client app code publishing, then will write c# api usage example, then start to prepare phpbb patch. Probably PHP and Java api usage examples will be written and published too if there will be enough requests.

Stay tuned Smiley

Well you are generous...
Anyway after each integration I'll sell BTC on the exchange with volume 55000 BTM and price "best bid + 10%" (also for each integration). This approach would provide price stability and opportunity to take profit.
7  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [RELEASED]BitMoney.i2p - Centralized|Const solo POW|Unlimited supply|Instant tx on: December 03, 2015, 06:09:24 PM
Trader, thanks a lot Cheesy
8  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [RELEASED]BitMoney.i2p - Centralized|Const solo POW|Unlimited supply|Instant tx on: December 02, 2015, 06:18:45 PM
Integration reward is up to 30000 BTM for each of the first two projects.

After each integration we send the reward. Then I'll sell BTC on the exchange with volume 40000 BTM and price "best bid + 10%" (also for each integration). This approach would provide price stability and opportunity to take profit.
For example, if the best bid will be 2000, then I will put ask order with the "2200" price and 18 lots amount.
9  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [RELEASED]BitMoney.i2p - Centralized|Const solo POW|Unlimited supply|Instant tx on: November 29, 2015, 09:38:28 PM
Hi guys. Just use one browser for i2p, and any others for clearnet.

If you can't get access to bitmoney.i2p, is forum.i2p ok?
10  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [RELEASED]BitMoney.i2p - Centralized|Const solo POW|Unlimited supply|Instant tx on: November 27, 2015, 11:36:46 AM
Tell me please guys, what's your average speed of mining? Coins per hour for example, or coins per day.
I am not asking about it, but if you also tell your computer specifications (or just CPU) it will be really great.
11  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [RELEASED]BitMoney.i2p - Centralized|Const solo POW|Unlimited supply|Instant tx on: November 26, 2015, 10:52:49 AM
Actions into the DOM suggest that we have some new users. Please, don't forget about feedback and try to reg on our forum.
12  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [RELEASED]BitMoney.i2p - Centralized|Const solo POW|Unlimited supply|Instant tx on: November 25, 2015, 01:58:35 PM
Ah, my rank is too low, I can't use long signatures yet. So, I'll join later.
Well, then now all depends on you Smiley Thanks for your support.

I think we'll discuss campaign type late, if you have any knowledges or ideas about such campaigns, feel free to share them on our forum.
But first we shall do some interesting things, that may really hold "mass user" attention. Having them, we can hope to achieve good results with promotion campaigns. 

Though feedback from active testers like you is needed already now, and it is really important.


13  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [RELEASED]BitMoney.i2p - Centralized|Const solo POW|Unlimited supply|Instant tx on: November 25, 2015, 01:31:10 PM
to support you guys i made a little signature  Cool hope u like it. ideas are welcome..

Code:
[center]
[b]something totally different than you used to?[/b]
[color=orange]◥[/color][color=blue]◣[/color][color=orange]◥[/color][color=blue]◣[/color]Bitmoney.i2p: [url=https://bitcointalk.org/index.php?topic=1241229.0]Thread[/url][color=orange]◥[/color][color=blue]◣[/color][color=orange]◥[/color][color=blue]◣[/color]Bitmoney.i2p: [url=http://bitmoney.i2p.xyz/forum/index.php]i2pForum[/url][color=orange]◥[/color][color=blue]◣[/color][color=orange]◥[/color][color=blue]◣[/color]Free registration: [url=https://bitcointalk.org/index.php?topic=1241229.msg13050993#msg13050993]Token[/url][color=orange]◥[/color][color=blue]◣[/color][color=orange]◥[/color][color=blue]◣[/color]Bounty: [url=https://bitcointalk.org/index.php?topic=1241229.msg13060313#msg13060313]12000BTM[/url][color=orange]◥[/color][color=blue]◣[/color][color=orange]◥[/color][color=blue]◣[/color]Manual: [url=https://www.dropbox.com/s/x4isxriwoduvlsm/BitMoneyManual20151108.zip?dl=0]Download[/url][color=orange]◥[/color][color=blue]◣[/color][color=orange]◥[/color][color=blue]◣[/color]
[/center]

It's really nice, thank you. I take it Smiley
We think about signature campaign after the next large update, but it's already a good time for some PR Smiley More testers and feedback are exactly what we need.
14  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [RELEASED]BitMoney.i2p - Centralized|Const solo POW|Unlimited supply|Instant tx on: November 24, 2015, 05:14:25 PM
How to make a copy (backup) of wallet?

It's easy enough, you can make and save archive with your client.
15  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [RELEASED]BitMoney.i2p - Centralized|Const solo POW|Unlimited supply|Instant tx on: November 23, 2015, 09:48:06 AM
Market maker will be back soon.

By the way we have interesting discussions on our forum, join http://bitmoney.i2p.xyz/forum/index.php
16  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [RELEASED]BitMoney.i2p - Centralized|Const solo POW|Unlimited supply|Instant tx on: November 22, 2015, 11:46:14 AM
I have several words to add.

It may seems that in this way BitMoney and investments are incompatible, but it's no so.
The thing is that good investments may be done not in BitMoney, but with BitMoney. Perhaps we'll see an example in not very far future.

The currency is not for buy and hold strategy of course (this strategy may be useful only if BTM is oversold in a moment). But it's no reason to make one more currency with the same properties like complexity growth. Our goals are deeper and we hope that BitMoney users will find a way to use it with benefits in many areas.
17  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [RELEASED]BitMoney.i2p - Centralized|Const solo POW|Unlimited supply|Instant tx on: November 20, 2015, 09:44:18 PM
i would like to support this project and if understood correctly next step is testing BitMoney payments integration into online stores. For this cause i would like to add 2x 2000BTM to the pot making total of 2x 8000BTM for first two integration examples. and in my spare time i will contact few service providers that accept bitcoin and maybe i get lucky and get someone on board.  Wink
cheers

Thank you for great support.
We have just finished brainstorm, and it seems like we have an interesting idea for better promotion.
Hope to discuss it soon.
18  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [RELEASED]BitMoney.i2p - Centralized|Const solo POW|Unlimited supply|Instant tx on: November 20, 2015, 09:35:51 PM
what's wrong?
I want to make a sell order for BTM 1000 /10000 sat each for example

You need BTC to sell, so choose "buy" (looking in DOM, seems like you have already understood).
19  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [RELEASED]BitMoney.i2p - Centralized|Const solo POW|Unlimited supply|Instant tx on: November 20, 2015, 12:33:54 PM
Sorry for the stupid question, but who might be interested in buying BTM ?

Potentially those who uses BitMoney for its advantages to make payments and get services.
The currency itself is not an investment idea of course. It may be used nice for investment projects but it's again about payments and services.
20  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [RELEASED]BitMoney.i2p - Centralized|Const solo POW|Unlimited supply|Instant tx on: November 19, 2015, 01:15:03 PM
this coin for the elite?
all very difficult
planned normal exchange?

No, it's for high privacy and fast transactions Smiley
The next step is here https://bitcointalk.org/index.php?topic=1241229.msg12950816#msg12950816
The interface of exchange is rather common for trading terminals.
Someday we'll add Bitmoney to other exchanges.
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