Our goal is to have hundreds, or thousands, of wallets and ways to interact with and store the currency. Consider the 'QT' to be a temporary then legacy interface which is enough for those used to crypto currency to get started. Most people's interactions with Bitmark will be through marking, pressing buttons on websites and transferring from service to service. Apps, browser wallets, alternative clients, we hope to have a wide range of them, and foster competition between design and experience specialists. There will likely always be a P2P daemon back bone network, but the last thing we want is for our friends and family to have their first encounter of cryptographic currency be a clunky unintuitive downloadable program, no currency, and to be required to jump through several hoops before being exposed to even the slightest utility.

Checkpoints, deferred to be discussed under separate cover Multi Signed Broadcasted Checkpoints.

I will be retiring for the day shortly as I've been preparing things for the last 26 hours. Not before releasing an updated client however

I personally have no trepidation over the implementation of check pointing. Mark you have earned my trust and I have full confidence in your abilities as a developer. I understand your unwavering commitment to quality and thus I am in support of this option.

Correct.

The total is 8 BTC, 2.5 BTC received and 5.5 BTC still required. Half of it (4 BTC) is used for me to live on and provide basics for my family, the other half is used to acquire BTM to secure the loan repayments.

All going well through hard work and effort the value and adoption of Bitmark will grow considerably, reflecting in the price, and leaving me with BTM profit after paying the loans which I can trade up and down to self fund perpetually. That is in the most fortunate of case. In the worst case it ensures full time work on the project for another 40 days to produce and roll out marking, and no loss to anybody who loans.

If we(miners with 15mhs and more) all give just ONE BTM per day to the foundation,thats it!
That is possible and 1BTM doesnt make us reach......

So people lets donate to this great project....


Regards to all

How about this for a fund raising idea. Either an official pool where all the profits go to Mark or failing that make an agreement with one of the existing pools to allow us to have an option in our account to donate a % of our coins to the foundation (on top of the existing pool fee).

As an example, say xHash allows us to donate 0.5% on top of their 1% pool fee.  They lose nothing, in fact they probably gain a heap of hashpower as we would all mine there, which equals more profits. A win-win situation.  If the idea flies, please make it an mpos pool, I hate the lack of stat feedback in nomp pools.

Perhaps in the future we could spend some time on creating a distributed secure exchange, previously I have modelled and coded such a thing, it would need more work. It's something to think about, maybe early next year.

In the interim today's events have prompted me to with Poloniex and we have came up with some approaches to further mitigate risks and tighten security - although it is already very good.

1. Each week Busoni and I will speak for a short time, to update checkpoints, ensure their code is rebuilt, and notify of any changes to the code.

2. At this time they are going to inform us of the total combined amount of BTM they hold for all users, so we can see if people are using the exchange as a web wallet. If this does happen then we can try to advise our community as to the benefits of securing their own currency, and also find out their requirements to make real secure web or mobile wallets to manage funds.

3. We have agreed that I will anonymously enquire on technical forums and stackexchange as to the most secure server and daemon setup's, there are various approaches to holding wallets and storing currency, I have proposed some alternatives to them, and we now seek to identify the benefits of each, with peer review, so that they may make the best decisions.

Funding Update
A total of 2.5 BTC has now been committed to me, out of the 8 BTC target. Thank You to both of those who have displayed such confidence and faith in both the project and I.

I don't know if withdrawals are completely frozen or not but anyone who has money in Bter should strongly consider getting it all out if you can. They lost 50 million NXT and things are not looking good.

Androidicus, and others, thank you for your offer of BTM.

Let us discuss it.

My aim is to acquire BTM from those who do not see value in it or treat it as a short term investment, short term miners, day traders, etcetera. I would rather soak up that BTM than risk the valuable BTM of community members, as this would create both downwards pressure on markets and put two sets of BTM on the market, that which already is, and that which would normally be being held.

I may also add that by holding acquired BTM I can increase the value of the currency as a whole, I can also trade a portion to further increase holdings of both BTM and BTC, and hopefully provide enough to not only pay back the loans, but also to have some of my own holdings, and a budget to trade with. By doing so I would be able to fairly self fund further development without the need for measures such as those proposed.

Finally, if I took up all the offers of BTM loans I have had, I would temporarily be the biggest 'whale', and would prefer to avoid that. Simple day trading and off market acquisition in the direction of purchasing I am happy with, and see almost zero risk in - worst case I am holding a lot of BTM, exactly the thing I hope to achieve. Gambling large amounts of my supportive community's valuable BTM in the direction of selling, feels like too much risk for me to take on, imagine if somebody acquired it and bumped the price beyond where I could buy it back? No BTM, no funds for the loans, it would be a mess.

I hope that makes sense, and would value the communities input on this.

The terms offered are 60 days maximum until repayment, 10% interest if repayment is in BTC, 15% if repayment is taken in BTM.

Half will be used to purchase BTM, half will be used fund my time - food and such basics for home. I am confident that within 45 days the price tag of BTM will be double, through hard work full time from myself and others.

Did anyone else catch that, "Soon to be released website" 

That's what I've heard. The guy disappeared. Pretty sure it's not malicious or any sort of scam. He was a pretty upstanding guy. Maybe illness or worse. This was a really nice online wallet and I'll miss it. Problem with some of these things is that they're done well and function well, but they live and die with one person.

TT

The problem is that you trusted your coins to some other person's wallet.

If somebody would like to buy a domain and host it, say 'miningcosts.com' or something, I would be happy to make the foundation of a website where people could view and add their hashing costs for each algorithm. It would be interesting to see, and also useful data.

Production cost is very important, if a currency strays too far above it too quickly we know what happens, it also stops people paying over the odds in 'pump and dumps'.

For Bitmark, it would improve the quality of data we receive and give, in this instance to miners/traders/investors, and most pertinently the original question, how to provide a fair average price for businesses/users/services to use on a daily basis. This one


another discussion topic I was thinking about invoices, I saw a QR code on a bill last week...

Reasonable, perhaps we enable marking in some simple ways, then give-away marks for people to use?