Hey everyone, it's been a while!  Neuralium is still very active even if life is gripping at us full strength, but we keep going!

So yes, Exbitron has listed IUM, it is now official and LIVE.  I strongly suggest you give it a check. Go Exbitron! 


on the project side, we are going to begin a strong push to grow the team in the next few weeks, its time to get serious, IUM can change the world.

see you again soon.

trolls sure like to come and cry to btctalk when they get called for their abuse; pitiful really. jimboscott you were given multiple chances in both discord and telegram and you just kept on trolling actively. if you dont like the project it is your right, but then move on, we dont have to tolerate the same baseless accusations over and over. really, move on.


So, meanwhile a bit of news, the dev team is still going strong, taking a bit of a much deserved break for the summer, as we expect this autumn to be very intense, but many more changes to come.

Due to the outlook of the FATF rules that are coming into crypto, we decided to cancel the bridge project, as it could have complicated legally in the coming future. Instead, we are readjusting the aim towards exchanges, so we are working on that angle in summer. stay tuned for more news once the sunny season is over and real life kicks back in.

see you in a while

hey everyone,

here comes another update:


so, if you will remember, during the last few months we had navigated between two very distinct economic models which are fixed block emission (possibly with halving) and a miner pegged inflation. Then we decided a few weeks ago to integrate both together for a time while we would release bridge, and then finally migrate back to the other at some time in the future.

well, since then we had a new idea. we decided to split both models into their own independent tokens. so,

the current neuralium crytpo token becomes the ium1 (or rather, the ium classic). for this token, we have set the token bounties to a fixed amount per block, and this will remain into perpetuity. We know this will make users happy as it encourages a more traditional crypto experience as we all know it so well.

Then, in a distant future and when the time is right, we will release another independent token which will be called ium2. On that token, we will use the miner pegged inflation to create an entirely new crypto experience.

When ium2 goes live sometimes in the future, both tokens will run in parallel and act on each other to support each other.


I think this idea is very cool and will open many new possibilities in the future. so on we go...

Hey everyone, here is a quick status update.


So, team is actively working on the new multiverse system. The code for the managed portals is now complete, and chaotic portals will come in the coming months this year. Meanwhile, bridge is also taking shape.

The shaping "vision" about bridge is that it will not be an exchange. legally, exchanges are complicated and not only we the dev team can not have anything to do with IUM and monetary value, but in canada, exchanges have to obtain a license with the relevant financial authority if they deal with money and securities; so its not an exchange.

rather, we are modeling it more like a "farmer's market".

Everybody can "offer/request" and determine their own terms, which the other party is free to accept or ignore as they wish.
everybody presents their "display", as they see fit, and users are free to "shop around" so to speak and decide who they want to deal with.
like a farmer's market, where every seller will establish a display, talk with prospective clients and conclude their business as they wish.
we the neuralium dev team will be like the market organizers, the ones responsible to offer tables, make it pretty and ensure that there are good musicians playing good music so that the ambiance is nice and pleasant. (if you see the analogy)
other than that, we will have nothing to do with any price or anything like that. it will be for the sellers to determine how they want to conduct their own private business with the clients they decide to deal with.

on your seller's table could be some IUM, some btc, some eth, or anything else that you see fit for that matter (as long as it is legal of course)
so there you go, i hope it helps explain the vision a bit
then later we can add all sorts of financial tools for the users to analyse their crypto positions and operations.
it can grow into a very powerful crypto tool.

So the first version will support OTC trades between users, and quickly we will add token to token transfers with other cryptos out there. We will definitely start with BTC next.

In any case, we expect the first test version to be out within 2 weeks. We are actively developing, taking a bit more time than expected, at the same time we are expanding the scope quite a bit.

will post updates soon.

good question. The proper answer would be long and detailed, i will keep it brief here.

The new Bridge software i described above is going to be our first official service on the blockchain (we intend to release many more in the future).

The first version will offer OTC trades between users. For example, a user will be able to publish an offer/request, and define their own personal conditions to the trade. From this point, they are free to operate on their own, or they can select an escrow from the list of available ones in the system (anybody can become a validator). Then they can complete their trade with escrow verification.  this is the first version of the software that we will release in a few weeks.

In later versions, we will add token to token exchanges directly in the system, meaning that trades will be able to add tokens from other cryptos (i.e. btc, eth, etc.) and add them to the trade conditions to be exchanged automatically. this way, it will become a defacto exchange but operated by the users.

In the future, I envision that bridge will evolve into an entire crypto fund services suite that will offer a multitude of tools and position analysis to the crypto investors. I have BIG dreams for this service.

Bridge will enable users to reach others, and some token activity will begin. From there, eventually other exchanges will pickup on the activity and join the party. remember, it took many years for bitcoin to have exchanges, rome was not built in a day. everyday we are laying the bricks that will form the brick neuralium road system someday.  Until we get there, we are building the tools that will kickstart this economy.

So miners, keep mining, token outlets arriving soon.

I hope this answers your question  

that is weird. I know fred will be releasing a bugfix version this week, maybe it will help. you can also send us your logs in the official discord channel, it does help to see what is happening during the bug.

hey everyone, here is a quick update:

There is a lot happening lately, perhaps too much to explain succinctly in this thread. I will try to sum it up, and you are welcome to come visit our official channels if you want more information.


1. Mining pool

The team has officially begun work on the first official mining pool. While the main code is already completed, we sidestepped the development a little bit so that we can complete the Bridge system explained bellow.

2. The Neuralium Multiverse

In the last few days, we established the basic design for a few new concepts that will be added in the next few weeks. This new idea is what we call the Neuralium multiverse. We will create the concept of "Portals", and these portals will be doors into other dimensions (other systems).  This means that any system in the world will be able to integrate with the Neuralium blockchain. It will be possible for users to send and receive tokens through these portals at will. We expect that in the future, the neuralium multiverse will expand to thousands of dimensions for the benefits of the users.

3. Transient accounts

We will be adding the concept of transient accounts, which will be accounts that will be able to send and receive tokens, but will not require to be published on the blockchain and will not have to go through an appointment. This system will open up the network to anybody who wants to use it without it's more advanced features.

4. Bridge

Finally and most importantly, we have begun work on our first service on the blockchain, to which we assigned the temporary codename "Bridge".  This system will be it's own mobile app and website and will allow users to send and receive tokens as well as perform OTC transfers.  Bridge will use the multiverse portals to operate on the neuralium blockchain as a side system. The advantages is that bridge will not require an appointment, a simple regular account created in a minute will do, and will provide instantaneous token send/receive, private transactions as well as escrow services on transfers.


we expect that the bridge system should be live within about a month, and the others will shortly follow thereafter.

so there we go, stay tuned for updates and come visit us!

Hello everyone,  it's been a while, here is an update:

so, today we just released a very important version update, 1.0.1.29.  This release is the first to implement the refactored server account behind appointments code.

With this version, server accounts need to pass an appointment to obtain the cryptographic keys that it requires to publish the account. we had to do this to stop some people from selling accounts on the blackmarkets. Once a server account is published, it does not need to do an appointment again, so it is a one time thing only. Other than that, the version has a lot of bug fixes and performance enhancements.


Now, the team is beginning work on the first mining pool. We expect that if things progress well, it should be live within a month, more or less.


other than that, mining is stable, things are going well, appointments are becoming very solid and we officially passed the 10K miner mark, woohoo!

lets keep going and see you there!

hey everyone,

little update to inform you that the latest version 1.0.1.24 is finally released with multiple bug fixes.  The whitepaper has also been updated with a first draft of the inflation model.

 

1.0.1.24 release notes
--------------------

1. The Reset the wallet index operation now allows to clear the transaction and timeline history. Most of the time it is not required, but it can help remove transactions that may be added as duplicates by mistake. Simply check the "Clear Entire History" open in the wallet before resetting the index. As always, a wallet backup is recommended before performing the operation

2. The "attempt wallet rescue" operation has been removed since it will be rescued automatically from now on if any incomplete transaction is detected. A new version which will be more sophisticated will be added in a further version.

3. Breaking changes in the format of gossip messages has been implemented. these changes improve the ability of a node to optimize the flow of messages under high load, and will result in significant performance enhancements when high gossip load is underway. 1.0.1.24 will thus be incompatible with previous versions when propagating gossip messages.

4. In order to improve assurances of data integrity of the wallet during write to disk operations, this version adds 2 new options:
{"AppSettings": {
  "NeuraliumChainConfiguration": {
    "EnableTransactionFileVerification" : true,
    "EnableTransactionDataVerification" : true
  }
}}
Both options are disabled by default and can be enabled if desired.

a. EnableTransactionFileVerification = true|false : If enabled, all files written to disk during a wallet transaction will be re-read and verified for data integrity to the original file before being committed. It can slow the transaction speed and use more battery, but will offer much stronger assurances of data integrity.

b. EnableTransactionDataVerification = true|false : If enabled, all compressed and encrypted files will be verified for validity before being written to disk. It can slow the transaction speed and use more battery, but will offer much stronger assurances of data integrity.

Also note that these protections entail more data checks and may result in reduced battery performance.

5. Daily automatic backups have been added to the wallet for increased data integrity security. This behavior is enabled by default and will automatically make a new backup every day
that the wallet is running. Up to 5 backups will be kept in history at all times. These backups can later be used to perform advanced wallet rescue if any corruption ever happened. (rescue wallet will be implemented in a later version)

{"AppSettings": {
  "NeuraliumChainConfiguration": {
    "EnableAutomaticWalletSafetyBackups" : true
  }
}}

6. please take notice that although v24 has a lot of bug fixes, it did not receive all the attention that was required to be fully stable. the team was busy in security work during it's development cycle. 1.0.1.25 will probably be the version everyone is truly waiting for.

it is a very good opinion Daltonik, and very valid also. we could certainly go in that sense and it would work. but let's consider what motivates the choice to keep going with the current model:

The current inflation is actually not a lot. You are looking at the total and think it is high, but it is not. The inflation is dynamically calculated to remain stable and pegged to active miner count to a ratio of 10 tokens per day per miner.  so even if the inflation seems to be large, it is only because the number of active miners of IUM has been growing VERY quickly!  

so, we have a lot of tokens, but also a lot of users. But we have to consider that every real user brings a larger economy, with more activity, more hands to use these tokens, and the economy increases with every new user also. so, the token count goes up, but so does the size of the economy, proportionally.

at 10 tokens per day per miner, it's an average of 3650 tokens per year per miner. it really is not such a large amount. Thus, we really have to take the total "per capita", and never as a whole.

What IUM is doing has never occurred in the history of humanity. Never in history has a resource been:

1. impossible to corner by anyone, available to all at all times
2. inflation actively and proportionally pegged to the number of active miners at all times.

this has never been done before, we are making history here!  and the results will be the best, most stable and most accurate inflation ever; Laser precision!

so let's keep going and let the IUM ecosystem continue to grow, and you will see, the IUM economy will be the most stable of all, because the model is balanced now and forever.

the whitepaper will be updated in the coming weeks to explain the inflation model in greater detail. this will help explain it well. as soon as i have time to write it...  

Hey everyone!

well, I barely slept last night; I was thinking intensely about the topic of the potential modification to the daily user:token ratio, and I am confident that I found the right solution.

First and foremost, I want to thank EVERYONE, whomever you are and wherever you are in the world for your thoughts, comments and participation yesterday in the discussion.  What it showed to us all is that we have a fantastically smart, powerful and engaged community that is able to think and reflect as a team and as a unit, and that we are very powerful all together. The new IUM community is top in class and I am VERY proud to be with every single one of you. thank you for joining up with us!

So, I came up with the question yesterday because in the end, the IUM is doing something that is entirely new and something that has never been done in humanity up to this point. A constantly growing (mining) token pool that is pegged to both a daily user:token ratio AND pegged to the block active miner count is completely innovative. nobody has ever done it before at such a large and dynamic scale before. And since it is all new, we are all learning as we go about how this inflation model will behave over time and with fluctuations of active miners. We are all learning as we go, and so am I, and it is normal to reflect and question certain things until they become clearer.

In the end, after intense reflection and spining it all from all angles, I came to the conclusion that our current model is already perfect and does not require any changes at all. As we all know, the key to inflation is it's constance and predictability. Inflation can increase or decrease over time, this is actually fine as long as the rest of the economy proportionally follows with it. But what truly matters is that this inflation be constant and predictable in time. In this vein, I realized that we could not change the inflation model now; it is too late. We made a choice at launch, and now we live with it forever.

The current formula generates very nice numbers. For example, I inquiried with a distant friend that I knew was mining last evening to gather some comments, and she told me that within 3 or 4 hours, she had mined 2 IUMs. I reflected on this and realized, these are fantastic numbers!   0.000343211 would be an impractical number, but 2, it's perfect.

The real issue and what prompted me to consult the community was not the formula per say, but rather that this formula would make very large numbers over time as the daily mining always carries over. For example, when we have a billion miners, then the mining would unlock 10 billion tokens per day! its a large number, even if it remains a proportional 10 tokens per day per miners (which produces stable inflation). There would one day come a time where this number would be too impractically large for the human mind, and this is where I thought we might need to adjust the ratio. But in the end, the numbers are arbitrary and can become arbitrarily large, the only thing affected is their human level usefulness (ease of use. for example, it is much easier to use 10 tokens then 10,000,000,000 tokens, even if 10 is really 0.0000000001 relative to the larger version.)

So, the solution I came up with is to inspire from the concept of decimal readjustments like the mBTC and uBTC concepts in bitcoin and create the concept of an IUM scale modifier that represents the inverse of a 10 based logarithmic scale.


I thus introduce the (tentative) scale format for IUM as IUM|x, meaning the inverse logatihmic scale modifier to apply to the number. the modification formula thus becomes y = IUM * (10^x);

example, for now, the baseline IUM represents IUM|0. so IUM == IUM|0.

10 IUM|0 is equal to 1 IUM|1. (1*(10^1)) = 10;

---------

1000 IUM|0 is also equal to:

1 IUM|3 (1*(10^3)) = 1000.
10 IUM|2  (10*(10^2)) = 1000.

-----------

1_000_000.1 IUM|0 is also equal to:

1.0000001 IUM|6 (1.0000001*(10^6)) = 1_000_000.1
10.000001 IUM|5 (10.000001*(10^5)) = 1_000_000.1
10_000.01 IUM|2  (10_000.01*(10^2)) = 1_000_000.1

etc.

For the forseable future, we will stick with the default baseline of IUM (a.k.a. IUM|0), but in the coming years, we will add the concept of scale modifier. Then as the token base grows over time, the scale can be adjusted infinitely to push us into the future and maintain perpetual proportional balance.

This concept combined with a stable inflation per block active miner becomes the most powerful inflation method that has ever existed in humanity up to this point. And we can be very proud to be on the forefront of innovation. lets keep going, great things are ahead of us.

I will define all the above in much greater detail in the whitepaper in the coming weeks once I have time to sit down and write this new chapter in our story.

hey! thanks Javi for posting this.

Yes, we are facing our first big community decision.  When we started in January, we took a decision, and now that we have about a month and a half of observation, we can better evaluate the consequences of these decisions and adjust if necessary. In this case, the 10:1 token per user per day ratio is proving to make the numbers of tokens a bit high, and it will become more of a potential issue in the future once the number of user grows and time passes by.

So, while it is still early, we have an opportunity to reevaluate our decision and correct course with what we now know. its a community decision, so everyone's vote matters. if we stick to 10:1, its perfectly fine, and we will live with the numbers.  if we retarget to 1:1, then numbers will be smaller, easier to manage for people. it will give a bonus for the early miners, but it is fair since mining was very rocky in the first few weeks, and miners deserve the bonus for having stuck with the token during it's difficult times and help us push through.  anyways, the depreciation through the early years will mitigate this advantage very quickly, so we are still fine to adjust.

it's exciting, our first community move all together,  

a simple display bug. to be fixed in the future when we can get around to it

Thank you Javi!

yes, very important, everyone should upgrade to the new version v23. Desktop is already released and mobile will be released anytime now. It has very important bug fixes and previous versions should be deleted as they can be dangerous if transactions are sent. Same thing for appointments, v23 is now required to make appointments.

so, after all this, v23 has been released and seems to finally bring us the stability we wanted. It was a lot of work, but we did it! so, we can finally breathe a bit. IUM is on rails; there are still a few bugs here and there but nothing catastrophic. mobile mining is stable; server mining is stable; now we are getting somewhere.

so, at this point, here is what we have ahead of us:

1. mining pool.

we will begin work on the pool this week. I already have the design in mind, so it's just to put it down on paper, and then the team will share the dev load. I myself am often called to fix bugs on the server nodes so I can't quite focus on the pool too much. Will take care of the design and then hand it over.

2. The mining pool is the prerequisite for us to get back into the app stores

we know that behind the appstores is a tsunami of users. In order to accomodate them, we need code to be stable (pretty much there) and we need a pool. so let's revisit this topic once the pool is live, perhaps in a month

3. documentation

obviously, all this crazy work since december prevented us to find the time to update the documentation. Whitepaper needs a serious review, and of course, general documentation for the various software we publish.

4. The final inflation formula

Since launch, we used a simplistic inflation formula which was fine up to this point. Now I want to design the actual formula that will keep us going for the foreseeable future. Once this new formula is coded, I will publish it on github and the current one will become an antique. (i will publish the current one too, so we can have the history of inflation algos)

5. More sophisticated server verification

The server verification protocol we use right now is effective but simplistic. In order to be ready for decentralized appointments, we need to test port 32888, and perhaps test for general latency, "pocket" THS, also blockchain sharing memory hard questions, etc. So the validation protocol will be made more sophisticated in the coming weeks

6. patience

other than that, we just have to be patient. Every day, more tokens are mined and released out in the world, and more users join all the time. More users talk to their friends which brings even more users, and so we grow. We just have to be patient and every day, the IUM reputation solidifies a little bit more
if you are curious, we now have 3750 server miners and 5150 mobile miners for an estimated total of 8900 miners
growing every day. now that appointments are fixed, more will come as we know some people lost their verification.


so, if you never tried the IUM before, now is a good time to do so. Hope to see you around and come to see us on discord.

yup, network is fine and going strong. and every day we fix more bugs that make it even better. for example, v22 brings in more fixes that will make a huge difference.

Some people don't understand what is the process of development of new and innovative projects.  They forget that BTC was riddled with bugs for it's entire first year of existence too. They only want the "corporate experience" of pitch perfect software from day one. For these people, other projects are surely better; IUM is fully home-brew. Getting massively better every day though, but still hand crafted by a small team of 4 unpaid devs.  Some people will never understand that and it's fine. let's move forward shall we.   

For everyone else, version 1.22 should arrive by the end of the week end and will bring a large number of bug fixes. stay tuned

Hey everyone!

here is an update from the team.

Things are doing very well, we now have 8000 active miners, and still growing fast, yoohoo! The team continues to be very active in improving everything daily. every day a bit better as we say.

Now important for everyone, we all have to update to the latest version of 1.0.1.20.  I had a bug in my math and the account Ids in previous versions are wrong, so we all need to upgrade to latest version. Especially if you intend to do appointments. Due to regional differences in the dates interpretation, we had to change the format to make sure it was more international, and everybody needs to new version to perform appointments correctly.

Because of this week's transition to the new version, appointments will surely be rocky a bit this week, but everything should be resorbed by next week. again, be sure to keep up to date on versions, it will move fast this week.

We also finally decided on our the schedule that will get us going for the next few months.  Here it is:

• Central region will be on Mondays at 12:00 UTC
• Orient region will be on Wednesdays at 16:00 UTC
• Occident region will be on Saturdays at 00:00 UTC   (friday in the targeted timezones)

so come and visit us in our channels, at this point, sky's the limit everyone!

beautiful attempt at false equivalencies, bravo marco, you are right in your mind i guess. and because the IUM sucks for you, you will go to beautiful BTC right, I wish you the best of success. again have a good life.



Now for the smarter people out there with the ability to think and see the world like it truly is, here is a bit more for your convenience.

Many people are way to quick to place decentralized/centralized dichotomy in a black & white paradigm.
not all decentralization is good, and not all centralization is bad. People are becoming obsessed with this, and their beliefs on the matter are based on complete ignorance of the nuances of the matter. the truth is that everything in this world is centralized. Computer manufacturing is centralized, electricity production is also. this very board is too. Centralization is unavoidable right now because decentralization is the victim of human nature. The key is not to avoid or hate this fact, it is to structure it in a way that is good for everyone. This is why that the true workable solution to the problems of this world is accountability through transparency.

Bitcoin, ETH 1 & 2, Monero, XRP, IOTA and many others are all fully centralized, point blank. The users have no control. In the case of pool dominated tokens like BTC for example, it is the pool that has all the power and users have no choice but which pool they will mine on. The pool makes all the blocks and picks all the transactions and receives all the tokens. The users are just delegated the scraps. If the pools stop operation, the tokens remain stuck to impossible difficulty levels from which they will never come back down unless centralized again.

there is a quote I love:



this is VERY true with crypto. some very clever minds have managed to market cryptos as if they are decentralized and the people believe that. But the cryptos are not decentralized at all, every single one of them, no exception (any successful and large enough one). These cryptos are very centralized and DANGEROUS, because they are disingenuous and hide this centralization, which is the absolute worst kind of oppression: hidden absolute power with no accountability.

and hence again:


there is nothing worst than thinking that we are free when it is not so. If there is a government or some form of management entity, it should be KNOWN, it should VISIBLE, it should be ACCOUNTABLE and it should be TRANSPARENT. Failing at all these things, cryptos are a tyrannical synarchy.

====================
FYI, wikipedia definition for the word "synarchy":
https://en.wikipedia.org/wiki/Synarchism



====================


Neuralium is actually being honest about being managed by a custodian that is transparent (and will be more and more as we move forward), and we get flamed for being truthful and honest; It's a sad state of affairs. But lets move on, we can change the way people think about transparency in the world. We will bring honesty and accountability through cryptographic transparency. The people will get used to accountability through transparency and will begin to request it in more institutions. we are starting a movement, one that can make a real difference!

another similar quote from Charles Beaudelaire:


im not talking about religion at all here, just taking the quote to image the fact that the most evil bad actors will hide to make a product seem to be without influence, while they very much are. People hate the banks, think they are fighting the banks with crypto, but they don't realize the banks (through their various forms) are already behind all the cryptos and control it all. except with crypto, they are not accountable to anyone and can run a full on tyranny. If the mining pool owners decides to block your transactions, who will you turn to? exactly...

cryptos are a synarchy, a very very cleverly disguised one to boot. Neuralium is honest, and we put all the cards on the table. its the only way we can build something true and great in full honesty and respect of people and humanity

marco: you sure seem to have quite the grudge and an axe to grind

The Neuralium inflation model is a formula that is pretty much constant, and it has to be keept that way so that the inflation remains balanced. It is not something that is changed on a whim, like you seem to imply. It is a formula that is known to the public and is not changed often if ever. But it could be changed if inefficiencies in the inflation were detected, and this is always done with the public and is also true of other tokens; they will hard fork if they have to. The goal is to maintain the system stable.

Comparing Neuralium to a bank is trolling in it's purest form; banks are an entirely different thing and you are only trying to hurt by throwing ad hominem attacks towards the project. this is trolling at it's best.

but you know what marco, if you don't like Neuralium, just move on; go to the other 3000+ tokens out there. we never claimed to be everything for everyone. Some people wont like what we do and there is plenty of token diversity just for this. We strongly encourage and respect the other tokens, they have great offerings that offer something different for different kinds of people. Have a nice life!


This is a great question!  I've answered it multiple times in discord and telegram, but I will be happy to do it again here:

We really are a crypto token service company; in short our business model is to make money on valuable services we will offer on the blockchain. We could have taken the easy way and done what everybody else does and start the services on an existing blockchain, but we have larger dreams. We knew we could make a better blockchain, especially one that had the features we wanted like being green (this is capital, we did not want to further help the destruction of the planet through mining), we needed quantum proof and other cool features that the IUM has or will have in the future.

So, we decided to create our own blockchain first, to the specs we wanted, and AFTER that we would start running services on that blockchain.

For sure, creating a new blockchain and crypto token took much more time than we had initially expected! haha, knowing what I know now, if I was to go back to the start of it all, im not sure I would do it again, lol. it was HARD!  but anyways, we are here now.

So, the idea is that we now have a defacto double role.

roles 1: Benevolent custodian of the token:  like any token out there, there is a dev team (a company) that takes care of managing the token. it is the roles we take on neuralium. Because of the laws in Canada, we are not allowed to make profit directly with the token itself and we are not allowed to mine it or it would be illegal and we would go to jail. so, we donate our time to maintain the project for free. This is good because it helps the team keep a cool head and remain disinterested with the token, in order to lead it correctly and bring it to become the best it can be.

Because we can't make money but it does cost money to maintain the IUM, we intend to do an  STO (on another new and independent token) later this year to fund the project through the community. a kind of "GoFundme".

2. once the blockchain is fully stable and working, then we will switch mode and begin creating valuable services on the blockchain, which is our primary business model. Anybody on earth is free to make services for the IUM ecosystem, and we will make some too. This should bring us some money to be able to operate. For example some of the first few projects we have in mind is a mining pool and escrow services to facilitate safe OTC transfers of tokens.
 
I hope this answers your question feeltun  

you are being disingenuous there marco89.  You are trying to tell me that pools for bitcoin, although centralized would not shutdown because they would want to protect their own profits. this is misdirection.

What you are saying does not address the core problem that the pools, if they want to can shutdown bitcoin any time they want, point blank. Who knows, maybe they are owned by banks now ( ) and if the banks hate bitcoin, they might be waiting for the right time to press the stop button.

What you are arguing that an entity will fight for it's survival as long as it is profitable to do so is true for any company. Ford has been in business for over a 100 years. VISA and Mastercard have been in business for a long time too. So does Paypal, and any other company for that matter. Projects live on as long as they are worth it to run. It is unfair to assume neuralium will shutdown the project just "because".

Now about the inflation, it does not matter at all what are the rules of the inflation, whether it is hardcoded in code or established on a schedule by people. It has no importance whatsoever. What matters is that the economy of the token be optimal, so that the (moral) value for the owners of tokens is optimal.

While we are using BTC as our example, i can assure you that BTC's inflation model is substandard and inefficient (this is entirely provable although it would be a long post), but they chose it because it was the best they could do. IUM uses a smarter, more dynamic model which has for a goal to have a more stable token for everyone, and thus happier users.

Although the Neuralium team could technically change the inflation model, for one we can only do it if we benefit users, otherwise we will lose our Oh So Important credibility and nobody wants that, we work hard to build this, like any other company we want to maximize the project. But even BTC could change its inflation model if it wants to. all Blockstream has to do is change the code and voila. most people will always follow the brand "Bitcoin (tm)". (as we saw in the segwit/BCH debacle).


It sucks that every crypto out there needs and has custodians, but it's life and it's reality. Now the next best question is, do we know who the custodian is? is it accountable to the people and users and is it accountable to a known set of laws?  it must be and this is what we do.

well, haven't we raised the passions!  this is awesome  


well, there is not much room for opinion and feels here since we have the facts to fallback on. Let's use them shallwe!

so, let's use bitcoin for our example, but its the same for all the others.

Bitcoin is 100% centralized. for one, it's development is now completely controlled and in the hands of the blockstream company. But also it's network is completely in the hands of the top 3 or so mining pool. You say that many people are required to stop bitcoin, but this is false, you simply ASSUME that this is the case, but you have no facts to support it; and this is fact because we have no idea who runs the pools. The top 3 or so mining pools are operated by completely unknown entities. And since they voluntarily "split" a few years ago to prevent a 51% attack (because they had it since a long time ago), it is very safe to assume that all top pools are operated by the very same shadowy entity in the back.

If this single entity decides to stop bitcoin, at any time it wants, it is the end. NO more blocks. They can of course also block any transaction they want, because there is no accountability at all, and they select all the transactions.  If this entity blocks your transactions, who will you turn to? there is no accountability, and this is the worst form of oppression.

Im sure you will argue next that bitcoin can be restarted by others, haha. ok but we have to also consider objective reality. if the mining pools stop bitcoin, it will fall off the difficulty cliff. It would take years to mine the next block. no more transaction, nothing. it will be stuck, it will crash it's value and it will be the end. The code could be hard forked to change the diff, but for one, it will still take days, weeks or months to agree on who get's to do it and how, and the token will still be completely frozen during all this time. and of course, even if we hardcoded a lower diff to unstick it, what value do we use?  no value will work and it will be destroyed. The bitcoin mining is a technological ponzi scheme in the sense that it is designed to always go up, but never artificially down, or it will be brushed.

and even if, after all this, it manages to restart, it will simply re-centralize into another set of shadow pool operators. and you have no idea who they are and they are accountable to no one.

this is total centralization, and the worst kind. It is also worst than banks because at least banks are legally accountable to the country they operate in. In bitcoin's case, it is complete, total and unaccountable oppression.


Well, thank you for asking! While it has been discussed at lenght in our official channels, i can talk a bit about it here. The custodian is Neuralium inc. which is essentially the dev team. The company is incorporated in Canada and is legally liable to the laws of Canada and accountable to the government of Canada.

The fact of the matter is that true decentralization is impossible, this is why no other crypto token has achieved it either up to now. But the next best thing is accountability through transparency. This is what Neuralium is doing, and this is how transaction selection is performed, through cryptographic proof that the miners hold. the custodian is forced to be accountable at all times.

as a useful follow-up, I will post here 2 entries from our FAQ on discord:  (if you want to see more, come and visit our discord chat, plenty of material about us there)





a lot of people love the "dream" of crypto, but they do not want to hear about it's reality.