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1  Alternate cryptocurrencies / Marketplace (Altcoins) / [ANN] Providence Enterprises on: September 30, 2016, 05:58:09 PM

Founder's Story

My name is Jared Mimms. My time in bitcoin is storied. It all started from a young age when my father tried to explain banking to me. I asked the question: why would I give my money to other people? It took me a while to radically accept that other people could generate "interest" for me. I felt stupid when bitcoin came along - stupid that I didn't dedicate my life to overcoming the stigma of self sufficiency perpetuated by the very existence of the banking system as poor financial sense when you can "make your money work for you" by doing nothing but handing over your life savings to some middle manager. Still, I handed my cash over to Wells Fargo, and...we'll get to that.

My father didn't get into the details of the convenience side of things. I think that's where the "mainstream" adopters of bitcoin are stuck. Think about it - people go to work and every month get paid by direct deposit. Then, expenses like food and rent are automatically charged to an account. Why would anyone care when people don't even bother to look at the fees. Oh wait, fees on consumer bank accounts are a thing of the past. How are the banks still alive again?

I learned in high school, my cousin never got the banking system. He's the smart one.

Still, I had the idea of virtual money young and knew how to question things. I completed a senior project on FOREX trading. I stood on the trading floors of San Diego when Freddie Mac and Fannie Mae went down in 2007. I went to college. I received an invitation to a Goldman Sachs trading floor in New York City. I witnessed an overseer extoll the expense of his coworker's coat in coked up fashion. I promptly left.

When I got back to San Diego from a couple years at Davidson College, to my delight, Bitcointalk taught me a new way into financial independence. Too bad Charlie Shrem blocked my fledgling hedge fund Omega Hedge from investing in an early Bitinstant. Or maybe his persistence in being the sole investor saved my life.  Wink

I decided to go back to college, where I learned web development. I turned Omega Hedge into an intellectual property haven when I produced a script submission platform for cross server runtime. I envisioned a decentralized version. My vision would later become Ethereum.

After graduating University of California, San Diego (UCSD) with a degree in Bioinformatic Entrepreneurship, I decided to provisionally patent my script perpetuation prototype under the LLC Omega Genomics. I ran my mind to analogously apply my claims to decentralized, cryptographic systems.

I felt validated when I found out Charlie and Bitinstant succeeded, a company I had courted, in the time it took me to graduate UCSD. I too had succeeded as an entrepreneur (albeit in the field of bioinformatics) in that time, but I knew I had produced cross-industry value and had to move on.

I engaged in the forums again, this time joining the Ripple community. I started the historic Bitinsure thread that brought the community together around the concept of peer-to-peer insurance.

I used Bitinstant to buy enough bitcoin to register for Bitcoin 2013 in San Jose. I walked into the conference listening to Zippity Doo Da and O Fortuna, wearing a blue Hugo Boss 70's threaded suit and the carnelian/gold "Ring of the Devil," a family heirloom bestowed in sin. My only sin was not investing in Bitcoin heavier. I sat in the audience of the main stage as one of only a handful of attendees positioned there at the beginning of the conference. I noticed Charle Shrem speaking to a young founder of Bitcoin Magazine onstage by the name of Vitalik Buterin. When Adam Draper of called for pitches onstage, I went up and pitched pay after peer-to-peer insurance. I called for Ripple and Bitcoin to work together by playing nice. I brushed shoulders with the Winklevii and shook Fred Ehrsam's hand after I presented to him a new way to do affiliate marketing called Dycomb. I met Chris Bishko from Omidyar and the new CEO of Prosper, Ron Suber.

When I returned home from the conference, the Bitinsure thread on the Ripple forum stayed active, producing team member Wolfgang Spraul, domain name, testers, and a fan base.

I rapidly produced the produced the peer-to-peer insurance prototype, qualifying as an invention, with UI developer Chris commissioned with the help of Wolfgang Spraul and Jon Phillips. The community embraced Peercover. Beta tester, now counsel, Ian Reader joined the fray. I retained Procopio in Del Mar, a law firm recently advertising itself as a start up specialist. I filed a provisional patent with Noel Gillespie on peer-to-peer insurance. I kept Peercover alive with $40,000 I inherited from my grandmother's trust after I retailed XRP, Ripple's "postage stamp," on Google Wallet on the advice of MIT alum Benjy Thomas. Even though Google Wallet advertised itself as a means of selling digital goods, the service froze my account with $10,900 just as projections for one fiscal year topped $1,000,000. Later, I went to Procopio to prosecute. I was upset when I found out Google was also one of Procopio's clients and the firm would not prosecute its own. I realized the limitations of modern law and the delicacies of conflicts of interest. I hoped that automated systems could augment the field of law.

Wolfgand Spraul and Jon Phillips flew out to San Diego to meet me. We attended Money 20/20 together. They helped me secure a speaking spot at the Ripple conference. I spoke on reaping what you sow online, extolling the vision of Peercover. Ripple employee Evan Schwartz presented his face with various expressions in some kind of sick Bill Gates/Jobs joke behind me. Wolfgang, Jon, and I met with a venture capitalist after the presentation.

When I returned to San Diego without funding for the office we picked out, I felt disappointed. We met at Procopio and could not negotiate an equity agreement based on location. Wolfgang and Jon had ties to Germany and China. They were great assets for Peercover, but we had to delay the deal. Later I would find the XRP in our shared wallet drained. I did not blame them and would still work with them in the future.

Working in my new apartment in Pacific Beach, I invented the idea of "autonomous corporations" by progressing to investment groups as standalones and integrations with the reward, insurance, and yet to be developed merchant groups on the platform. I picked up angel investment from big names who requested to stay semi-anonymous. Chris Larsen, CEO of Ripple Labs, and S****, CTO of Private Internet Access, supported me.

I took a business trip to San Francisco, meeting with Adam Draper who directed me to Jered Kenna. Jered Kenna said he would invest but we never got around to a terms sheet. Later, he did not reply to my messages.

I ran a small experimental ICO, the first in the industry, and semi-automated dividends to help pay beta testers for Peercover.

I took a trip to Beverly Hills. Les Borsai introduced me to Shawn Fanning, who expressed interest in decentralized poker. We decided a business relationship could not happen there yet. Les later came down to San Diego to pitch a surgeon on an investment in Peercover. We would stay in contact.

During that time I experimented with ACH, aided by Jumio identity verification. The now "out of business" Y-Combinator supported company Balanced, "forgave my debts." All ACH fraud happened from Wells Fargo accounts. Jumio verified pictures of U.S. passports submitted with these accounts. Now Wells Fargo is in trouble for incentivizing employees to make fake accounts.

Jack Peterson joined my development team, demanding an exorbitant amount of equity for his contributions: graphs for our products, Simple Exchange and Simple Stocks. I later had to sell Simple Exchange to an Italian group when struggling to pay my rent.

I frequented the Ripple group on Skype. I recognized Vitalik Buterin in the group. Feeling safe about my patent, I dropped my prototype for contracts in the Skype group. I saw Vitalik Buterin download the prototype. Next thing I know he is pitching exactly what I did using his media connections. Vitalik Buterin claimed he was me, convincing Tim Swanson, who wrote Great Chain of Numbers that Peercover would be on his protocol. I called the FBI. Vitalik Buterin directly blocked my funding with the Bitangels. Convinced that Peercover was dependent on Ethereum, the Bitangels decided to wait to invest in the protocol first. Later, I would write a whitepaper that actually works for contracts called Webmata.

Based on demand from users of the Ripple Forum, I spun off a community called OpenXRPTalk with radio announcer Isabel Sierra recommended by Jack Peterson.

Matthew Liston contacted me about a deal. He said he could fund Peercover better than me. I paid him and the designer he brought to the table in XRP for a logo for Simple Exchange. I was disappointed when Arthur Britto conditionalized a Ripple Labs grant on his involvement. He started a derivatives trading platform called Dyffy. Jack Peterson left Peercover for Dyffy. Eventually, Jack and Matthew did a shady deal with Vitalik for a prediction market called Augur based on Peercover's reward groups. They raised too much money out of SEC regulation by claiming their service was of Canadian origin. Even though the platform would eventually pay token owners, they classified as a foundation. Their business model and reporting did not make sense to me. I approached Paul Sztorc of Truthcoin. He had published a blog post on his opinion of Augur. I believed we were taken advantage of.

In the meantime I decided to keep forging forward, without regard to finances. I had no way to secure myself. I had to return home and work with a new team on Providence, a company designed to acquire and monetize Peercover with a custom middleware solution I invented. Matthew Neumeier, Chris Bates, Peter Visser, and Tim Frost cofounded the Providence project that evolved into an enterprise proposal. While Tim did business development, Chris published articles, Peter produced videos, Matthew connected people, and I produced code. Stephanie Murphy from Let's Talk Bitcoin voiced the Pledger Club video.

The Providence home page contained a marketing game and faucet. It directed to our first two products, Pledger Club, and Pier Exchange. We started a Regulation S enabled fundraising effort. Matthew and I gained acceptance to Founder's Space, a technology accelerator in San Francisco. After a business trip, I was cut down mid stride by mental health allegations. My mother and father, jaded by Jack Peterson and my financial condition, involuntary committed me to a mental health hospital. I barely survived on the street level afterwards, draining my credit. The hospital placed me on temporary conservatorship, denying me the right to make contracts in the State of California. A physician named Dr. Koley put me on Riese petition, enabling nurses and administrators to forcefully inject me with harmful agents. They pushed me into the carpet, producing soft tissue damage and open lacerations on my body. In court ordered by my writ of habeas corpus, Dr. Koley testified, "anyone can start a business." My new c-corporation bounced.

I knew Pledger Club had solved the notary problem. With Pledger Club, no one can deny a contract is signed. Pledger Club went down. The State of California had denied contracts not only to me, but to the world.

I ran to Santa Monica and San Jose, only to get sucked back into the mental health system.

I regained stability when my parents agreed to sponsor me again. In recovery from the financial stress and survival at the street level, I regained my contacts. I joined XRPChat by the advice of Ian Reader. I found out my friend Taylor Warden had started a gateway called Xagate and had gone through a similar ordeal in mental health. Ripple Labs had agreed to compensate him for the gateway. Ripple Labs had stiff armed me by ignorance.

In recovery I publicized my legal capital against Ethereum, organizing and fielding efforts to collect money owed. I received a request to join a team and lend my founder's story. I decided to share it here instead.

I don't like how I have been treated. But, I had a lot of time to think. I have legal assets. I am sane. I am real. I have been defamed. But, I still have it. I have a plan. From all of my experience and all of my pain I have a plan for Bitcoin. The Ripple team failed to endorse productive community members. The efforts of Ripple could become the upgrade for Bitcoin. Since Ripple Labs has not paid me, I am the bridge between Bitcoin and Bitcoin 2.0.

Business Plan

Providence will standardly apply per request monetization middleware debuted with the Pledger Club app to static and dynamic content sites across the world, enabling a "pay for use" monetization schema in lieu of "pay per month" monetization schema. Providence will reduce stress on internet service providers (ISPs) and hold people accountable for the data they use at a higher sensitivity than today's monetization.

Providence will enable customers to self-service with copy and pasteable code implants in common languages. Providence will also do custom integrations.

Providence is an escrow business. Payments from consumers using Providence retrofitted apps and web pages on a request basis will go to Providence escrow, accessible by a management platform.

Corporate Structure

Stage 1:
Promissory notes are issued on Ripple Consensus Ledger. Providence Enterprises incorporated in California.

Stage 2:
Promissory notes converted to equity tracked on Ripple Consensus Ledger. New issuances governed by a Ripple multisignature address weighted on proportions of owned shares per address.

Stage 3:
Peercover reverse merges with Providence Enterprises.

Stage 4:
Providence Enterprises formally acquires Pledger Club, Pier Exchange, Providence Solutions, and Pecunia.

Stage 5:
Providence Enterprises licenses Omega Genomics script submission intellectual property. Providence Enterprises acquires Webmata intellectual property.  

Technical Structure

Providence Enterprises will leverage legal capital (stated below) for the upgrade of the Bitcoin protocol on the Interledger Protocol (ILP). Providence will develop a wallet plugin for consumers using bitcoin in web browsers.

The corporation will collect and distribute fees for stakeholders on the Ripple Consensus Ledger (RCL).

Providence Enterprises will consolidate technically into a standalone platform for doing business online.

Legal Capital

Legal capital is the right to sue for a monetary sum.

A fully formed Providence Enterprises will have legal capital on:

Ripple Labs
Google Incorporated (Alphabet Incorporated)
Wells Fargo
Ethereum Foundation (and team)
Augur Foundation (and team)


Providence Enterprises is selling promissory notes convertible to equity enabled by SEC Regulation S.

SEC Regulation S enables non U.S. citizens to invest in U.S. corporations.

Providence Enterprises is raising $2,000,000 (3,297.61 BTC @ $606.50/BTC) in BTC.

Promissory notes will be accounted on the Ripple Consensus Ledger.

2,000,000 PVD will be issued.

Fees from consumer wallet payments to sites monetized by Providence will route through the Ripple Consensus Ledger by the Interledger Protocol to Providence stakeholders (PVD holders).

PVD is non transferable. PVD represents restricted securities. Legal classification of PVD could change according to additional offerings approved by decentralized governance.


     Purchasers of PVD are not U.S. persons and are not acquiring the securities for the account or benefit of a U.S. person.

     Purchasers of PVD provide identification.

     Purchase minimum $150 (0.2541 BTC @ $606.28/BTC).


    1. Download Bitmessage
    2. Download and extract Ripple Wallet

    3. Create Ripple wallet

    4. Send a bitmessage to BM-2cXDD1oBsdaWwmDhYKtJQXBKJUsRbXij7Z containing:
         Ripple address
         Bitcoin address
         Ripple address signed by your bitcoin address
         Photo ID image encoded in base 64
    7. Send bitcoin to address 12tRjyYdbZkheAM3ejTf8yfit3CUjNtFNp from your bitcoin address used in Step 4

    8. Receive 30 XRP from Providence

    9. Add trust line from trust line section
         X PVD where X is PVD expected you will purchase lifetime of the offering (currently $1/PVD or 0.001694 BTC/PVD @ $606.28/BTC)

    10. Receive PVD from rBqbZZz5taf1dv4bfYo4BBMmfvJ5sc3eH2

    11. Wait for paperwork, updates, and dividends

Why Ripple?

Banks have announced plans to use Ripple as the new Swift/ACH. Settlements over the Ripple Consensus Ledger will prove profitable for Providence shareholders. Ripple Labs has indicated plans to license private ledgers. Providence will utilize a private ledger to help upgrade Bitcoin while maintaining value for bitcoin holders.

All links:

Peercover's New Scientist Coverage with Ron Suber from Prosper

Peter Visser's Pledger Club Video Voiced by Stephanie Murphy

Pledger Club Launch

Brave New Coin's Providence Announcement

Cointelegraph's Peercover/Providence Article

Cointelegraph's Ethereum Article

Providence ICO Announcement

Code bases:

All code bases are closed source.

Providence Main & Pledger Club Backend
Pledger Club

2  Bitcoin / Project Development / Providence on: July 28, 2016, 04:18:03 PM
Providence is a flight of technologies on the Ripple protocol backed by intellectual property potentially applied to any cryptocurrency protocol.

Assets include:

Pledger Club


Intellectual property from Omega Genomics

Providence Solutions

Pier Exchange

10 people+ have been directly involved with bringing my property to market. I have 2,700 beta testers ready to go. Peercover and Pledger Club are beta tested. Pier Exchange is architecturally intact, needing about 10 additional hours of development work.

Currently it's just me working on $20 million in civil suits.

I need funding to get the legal work done.
3  Alternate cryptocurrencies / Altcoin Discussion / Bitcoin 2.0 on the Folly of Ethereum on: June 18, 2016, 05:25:49 PM
Hi guys.

Ethereum is based on my intellectual property. I could not stop the runaway freight train propagated by a journalist.

I am preparing to present the plan for Bitcoin 2.0. I have met nothing but resistance. If you know entrepreneurialism, everything about me screams success.

I would like the floor.
4  Alternate cryptocurrencies / Altcoin Discussion / Reddit Censors Bitcoin 2.0 on: February 09, 2016, 10:46:18 PM
Reddit has now violated my freedom of speech, removing any post that would make me richer than mods.
5  Other / Meta / Bitcointalk Censorship on: January 30, 2016, 10:21:00 PM
I was censored on this forum for "trolling" when I simply solicited settlements for law cases in Bitcoin of interest to this community.

I consider the Bitcointalk community suicidal for ignoring me and censoring people who matter. In fact, Bitcointalk violated the First Amendment rights of United States citizens by banning people of merit.

If Bitcoin wants to live, the community will embrace posts like these.

I already showed the future of Bitcoin. Too bad the moderators here deleted it.
6  Economy / Service Announcements / HowTo Invest in Providence as an Accredited Investor on: November 07, 2014, 05:43:05 AM
Providence is offering 1/5th of total shares, 4,000,000, over the ripple protocol to accredited investors. We have created a one click method if you hold SnapSwap or Bitstamp USD. Please see the redemption site for more information.

7  Economy / Service Announcements / Providence on: October 28, 2014, 03:17:19 AM
Dear community,

After years of work and efforts by the crypto-currency community, I am proud to announce the foundation of Providence, my final venture in the crypto-currency space. Providence is a culmination of our market tests with Peercover and activity in the crypto space since 2010. Providence will progress toward our end game contract client built on the resultant of our Webmata spec. All of our products are the result of independent, original work.

Our mission statement:

After extensive market testing with the Peercover test flight, the time has come for us to announce a new deal for every human producing equity in life. We all, by divine providence, live on Earth together working for immediate and long term survival. We all have the right to enterprise, to expand our economic presence but we face great challenges in this pursuit. Superficial limitations prevent us from reaching our true economic potentials. Our societies have failed us in several regards pertaining to linear education and job placement. We all work hard but can accomplish much more if we work smarter. Providence enables every man, woman, and child to work smarter for economic freedom.

We are in the middle of raising a private investment round prior to release of our product sequence. Any referrals are appreciated.


8  Bitcoin / Bitcoin Discussion / Webmata: Beyond Contracts on: August 29, 2014, 02:46:40 PM
9  Bitcoin / Bitcoin Discussion / Webmata on: August 25, 2014, 03:00:09 PM
10  Economy / Service Discussion / Webmata on: August 22, 2014, 03:20:46 AM
11  Economy / Auctions / LTS Credit Gateway Whitepaper and Technology on: July 13, 2014, 06:42:49 PM
We are looking to sell a proprietary credit gateway whitepaper and seamless wallet/backend technology with frontend signing for issuing credit and collecting repayments over the Ripple protocol. We have the first scalable, secure, decentralized credit system for cryptocurrency.

The buyer will gain the opportunity to become the first credit union on the Ripple protocol.

Bidding starts at 10 BTC and ends August 1st 11:59:59 PM PST.
12  Economy / Auctions / LTS Fully Developed Altcoin Trading Platform on: June 27, 2014, 02:07:56 PM
We are looking to sell a fully developed altcoin trading gateway and accompanying Ripple issuing address.

Formerly Peercover Simple Exchange, the robust separate gateway comes ready to launch with 50+ notable crypto-currencies and hosting after just minor development tweaks.

The buyer may add new currencies the simplest technically possible with two lines of code and a daemon addition.

The buyer gets: the Simple Exchange brand, full hosting setup with Amazon and daemons, Ember.js frontend ready to launch, Node.js backend ready to launch, formerly high volume Ripple issuing address, 5000+ users, full charting library tool for Ripple, social media accounts.

Features include BTC -> XRP sales, full chat, price and twitter trading ticker, full adjustable real time group chat, fully dynamic, realtime notifications.

This is the closest you can get to fully decentralized trading. Technically people can trade any currency against any currency even cross gateway. 50 X 50 = 2,500 potential markets just within Simple Exchange alone and many more against fiat of other gateways.

We are selling due to personal issues and other obligations but are confident the buyer can easily build our solid technology into a multimillion dollar volume gateway with minor investment.

Bidding begins at 10 BTC. Please post below. Bidding ends July 14th, 2014.

13  Alternate cryptocurrencies / Marketplace (Altcoins) / Ethereum Ether Pre-Sale Begins on: February 13, 2014, 04:40:11 PM

Peercover is now offering Ether forwards. We allow people to deposit BTC and trade ETH on the Ripple protocol before ETH is dished out.

Essentially you send us BTC and we issue ETH for you to trade on the 60k trader strong Ripple protocol. When the fundraiser begins we forward the BTC to Ethereum and allow people to withdraw the ETH when it becomes available.

We had our first deposits today and are liquid with ~6000 ETH on the open market.

There are many advantages to doing ETH forwards:

1) traders and investors may have access to tradable assets prior to, during and after any fundraiser and speculate on ETH and vicariously the Ethereum project.

2) we provide a simple way to obtain and track ETH assets while Ethereum's methodology of distribution will be more complex and non liquid with no exchange at the beginning.

3) we may even be able to get bulk discounts on ETH with bulk BTC saved up from forwards and pass on these savings to the holders of the forwards.
14  Alternate cryptocurrencies / Altcoin Discussion / Peercover Launches Ether Futures on: February 12, 2014, 01:36:19 PM
Innovation is upon us once more.

BEHOLD - the first futures on the Ripple protocol.

Trade Ether, the currency of the exciting Turing complete up and coming protocol Ethereum featured in Wired before it even launches over the Ripple protocol (Reddit).

You saw it first on Simple Gateway. Cool

15  Economy / Service Announcements / Retracted on: February 09, 2014, 04:24:58 AM
16  Bitcoin / Bitcoin Discussion / Simple Stocks on: February 06, 2014, 10:11:26 AM
Behold. The world's first and greatest decentralized IPO, share management, stock trading and automated/manual dividends platform.

Behold. Simple Stocks from Peercover (the real Etheruem).
17  Alternate cryptocurrencies / Announcements (Altcoins) / Peercover's Simple Gateway on: January 22, 2014, 03:39:32 PM
Trade Dogecoin, NXT, Namecoin, Peercoin, Bitcoin, Litecoin, USD on Simple Gateway on a completely decentralized exchange. No fees!

Simply register, create wallet, and click on Simple Gateway. Or, plug in a Ripple address you already have. Convenient bridges to any currency.

18  Economy / Trading Discussion / New Way to Buy BTC on: October 22, 2013, 11:55:16 AM
Peercover now offers the ability to buy XRP with credit card in the "Buy XRP with Credit Card" section and input a Bitcoin address in the "Send Currency" section to convert XRP or any other currency to BTC and send to a Bitcoin wallet instantly.
19  Economy / Service Announcements / Private Peercover Invitations on: August 31, 2013, 09:15:40 PM
Peercover is now operational.

We are offering a private trial before launch Tuesday September 3rd starting tomorrow September 1st in order to solicit feedback and dot our Is.

You have a chance to be one of the first group founders, potentially in charge of your own large insurance group as an admin. You may also start a non-admin group and receive the founder designation.

For the next week, anyone who receives a personal invite and founds a non-admin public group gets 2% of all claims approved and paid in that group for the lifetime of that group.

PM me if interested @
20  Economy / Service Announcements / Peercover Launch September 3rd on: August 24, 2013, 09:37:31 PM
Peercover, the world's first peer coverage platform launches September 3rd.

Preview here.
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