Firstly I would like to reassure you all that we are not going away. Someone expressed their concern that Bitz was a pump-n-dump, but I can assure you it is not. We are in it for the long run and as such there is no hurry in rushing out new features that are not needed or wanted or that will not help adoption of cryptos. I know that we have published a road map and I do admit that I may have to amend it somewhat. There are a couple of reasons for that; one is the extremely low volume and small community. When the road map was worked out it was based on a wider user base. I will endeavour to publish an amended road map as soon as I can.
On the plus side is that the Bitz network is stable and staking is working fine and there are no "repairs" needed at this time or any adjustments.
I will tell you what we are working on and why. Firstly, my main focus has shifted from the new feature development and towards strategies for increasing liquidity. If we do not have liquidity we will not be listed on other exchanges and will not be able to integrate into payment processing companies. So volume first and then set the focus back to new features as per roadmap. Now, we are discussing two ideas, one is to make Bitz masternodes and the other is to develop a "co-dependant" 'slower" coin-2 with what we are calling "merged-staking" at the moment. Both ideas has the purpose of making Bitz a more attractive investment and encourage Bitz acquisition. Masternodes are popular these days but I am undecided as to whether it is a good thing for people to be encouraged to hold a large amount of coins when the value is low. Masternodes seem more appropriate to me if the value of the coin is higher and so the masternodes are more difficult to get. The coin-2 idea will likely draw in more people. I won't go into detail now. The coin-2 idea is an alternative twist to the idea of the masternode in that you will be rewarded for holding Bitz over a period of time and also be rewarded for staking and keeping the node running but the reward will be in the form of a "co-dependant" coin. This coin may accrue a higher interest if kept over a longe period. More of this later.
I am also working on security ideas for the wallet but this is time-consuming and complicated. We want Bitz to be the most secure wallet around but it is no easy thing to do. We first have to work out a strategy and the theory and maths around it and then code it.
If you feel like there is a lack or development it is because most of the work is behind the scenes right now trying to figure out the best way forward. We are two with a very limited budget and other commitments so hang in there.
I was also asked about if we could link and e-mail to a Bitz address. Bitz will incorporate "BitzIdent" in the future where you will register an identity on the blockchain with various advantages and this is likely to have the same function as the e-mail.
Whats the point of cryptos?
Well, I am thinking remittance services at the moment and also simply as digital money. The aim of Bitz when it is developed the way it is meant to be is to be fast and super easy to use. It's really as simple as that. We will persevere and see where that leads. The ideas of cryptos and blockchains are new and nobody really knows where it is going. It is worth the journey though and we will see where it leads. Maybe in the future your fridge will use Bitz to order milk when "The Internet of Things" is out there.
I am still a believer in simplicity and things that just work.
I would like your input on the masternodes and what specs. they could have bearing in mind that Bitz supply is only around 2 mill. coins.
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