You are doing a fantastic job, mate. Keep it up for the final stage.
Really looking forward to hearing your report from Malta!!
Thank you very much! Nice signature btw  have fun Matthias . |
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THATS IT
this is the last update of our paper, you will ever see.
I am deeply moved by getting aware of that fact, can't be more excitingDOWNLOAD HERE
 we are getting real
have fun
Matthias 
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Hardware Team Report.... and more
HardwareWe discussed the fact, that the uninterruptible power supply would nearly double the price of the device,
plus the fact that in case of running additional harddrives, the Capacitors would have to be quite hudge.
SolutionGiven we are having even more ideas with nice features to add we decided to go modular
That means for our device
1) we are serving the basic version with a "clean shutdown button", that just shuts the device down orderly
2) We will design a much bigger housing, to be able to add modules.
3) We will from start offer a UPS, a remote device and other modules as optional components
4) We will also use the bigger housing, to provide best possible audio quality per default for proper voicecontroland we are having a timetable1) right now designers are working on the new housing
2) they have a target timeframe of two weeks
3) while i will integrate the audio, we will post design proposals from time to time
4) after two weeks the design decision will be made and we will send it to the tools manufacturer to build the forms
5) they will need about 1-2 weeks to make the forms and to provide the first 10 test-housings
6) we will use these for the test devices on the Malta Blockchain conference
7) at the same time the tool-makers are producing the hard-metal forms for the series productionsome more new stuff to reportRichard a friend in Cologne, who works for Disney Marketing Germany will join us to take
care of the Malta Blockchain Conference presentation area
Ralf, a business friend will take care of overseeing my texts for the info flyers
and will convert them into understandable language for average users
Carlos (the guy, who made our beautiful stickers) and Richard will then take care of the graphics,
so we can start printing in four weeks.
Clock is ticking, we are approaching the exciting part of the project, i guess
have fun
Matthias
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@Rataxe, of course Marv has some good points against it. Its not a "feature", what we are discussing, its a regulative workaround and its annoying. I also agree with him that Termdeposit is a major, important feature. that should be preserved at all cost Because we are having the Lawyer, who will check this concept for us, after we finished discussing it, i will try to get the percentage down as much as possible, for sure. This somehow also answers your question, where the percentage comes from: I simply made it up as an example, taking into account, that users will at least need a buffer. they cannot be required to be on 100%. All in all, i am not satisfied with this solution either. Its simply the only idea for now. I am sure the will be something better over time, any idea is, as i said welcome, I can imagine to find a job, that makes more sense for ERC in the process of completing the Financecloud over the next 8 weeks, lets see ... Hardware Team arrived here tonight, Tomorrow we will start planning to go into production, have fun Matthias  . |
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This is a super idea, system in europecoin able to detect if there is a decline in mining as well as giving the user to commit wallets notification mine at least, this is very interesting, so they can keep blockchain keep running.
exactlly, and given low mining rate is always an opportunity to get some coins with virtually no mining power, normal users will never miss that opportunity, because their wallets will jump in automatically. have fun Matthia . |
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loose old and new screenshots collection i made,
to update our new partners at KAZE Solutions
PRESS HERE
 have fun
Matthias
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Ease of use and variety of use targets with very low power consumption of Europecoin is the reason for the community to choose and support the project.
Also, what is special about Europecoin?
the special about Europecoin is, as you correctly said, "Ease of use and variety of use targets" and let me add interconnectivity accross blockchains and services.
Given i assume, reading your question, you already understood the low memory, security and ease to use properties of our wallet
(feel free to ask if i am wrong) let me outline the product, we are building as the the next level (and will make public in 8 weeks in Malta):
Europecoin Financecloud API
emerged from a thought-experiment, named Federated Blockchains.
The paradigm shift behind is, to place "features" into a decentralized, blockchain-agnostic protocol, rather than into a single currency.
We predict, that in the near future, "inter-connectivity" (being the most connected entity in the network/market) will out-compete "unique features" as an advantage.
Why? Because there will not be such thing as "unique features". Coins of the future will have to have ALL the features or they will die.
The resulting product of our vision about the future is a "cryptocurrency smarthub protocol" in a hardware device for the home-network.
These devices are acting as a mesh network, providing a financial servicebus for merchants, apps and services, with an easy interface and appstore.
Given our "all features approach" each single feature may not look "unique" but the system as a whole "FINANCECLOUD API" with EUROPECOIN in the middle of it,
is, though i consider this fact unimportant, quite "unique". So to say it philosophically:"Don't look at the drops, we produce
look at the ocean, they create"
Get a deeper understanding, reading our quite recently updated Paper:
https://erclab.bitcoinsulting.eu.org/index.php/s/gwP5cjNzqwebMYa
have fun
Matthias
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It's a pitty that you need to keep the wallet open, because the 'interest feature' was very low energy consuming.
Yeah.. my initial sensation was that this one kills it for me. If it goes to this then I'm with Rw13, maybe it should be removed. It will stay low energy consuming, the wallet will have the same low memory footprint as before, just you have to leave it open. The "work" you are contributing in this case is a hypothetical mining, that may never happen. You are rewarded for providing the mining CAPABILITY in case of an low mining power emergency (which didn't really happen since this wallet existed). So the only thing that will be measures is uptime of the wallet, which will have to be about 60% of the locking time. Term-deposit rates will simply work the same as before. Also the mechanism is exactly the same.
How does it work then? How long coins would be locked? If it is just like Termdeposit then I can lock them for example for 2 weeks, but I still get 5%? Do I need to keep that wallet open for 2 straight weeks?
Term-deposit will work exactly the same, its just a "trick", to keep regulators away, by defining a "work" for the reward. The work is "uptime" in a binary sense (you have 60% uptime, then Termdeposit will go like it always did, you are beliw 60% uptime, Termdeposit wiill fail and your coins will return) Let me highlight that:a) i do not feel this will be the final way to do it, FINANCECLOUD will give us enough opportunities to bind this earning to a "work" that will make not only more sense, but will also create another advantage for ERC inside of the Financecloud. See it as an Placeholder to keep the regulators in check wile rethinking this carefully and without pressure. b) Ideas are always welcome. So let me outline once more the problem, we are solving with this change: Termdeposit in its current form, pays without any work to be done. This leads the US, to classify ERC as an security.
This fact would not directly a problem for us, but for exchanges, which would lead them to have to delist us.
We are closely working with them, Bittrex is even paying the lawyer, who is helping us to get this done correctly
So if you have a different idea, that you think is better, THIS IS THE THING your idea should do:
We need to define a form of work, that we can claim, to be the reason for the given Termdeposit reward.c) Keeping wallet open for a nearly improbable possibility to mine (which in a the rare case of happening would of course be rewarded extra) does not change the zero memory footprint of the Termdeposit function and we will find ways to also even eliminate the given inconveniences. (lets "assume" a "third party" that is "not us" could start providing an uptime fake bot ) have fun Matthias |
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"May be you can add some nice UI feature to visualize 'coins earned' within a specific timeframe." thats a good idea, thanks  Have fun Matthias |
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The Guardian Reward As promised, here is the Termdeposit workaround concept,
to prevent regulatory problems, that would make it difficult for exchanges to keep us listed.
The US sees any asset, that can accumulate rewards by just holding it, without having to contribute
work, as an "Security", This would be a problem, because exchanges are not allowed to trade securities.
As a workaround, to be able to keep Termdeposit we came up with a new concept:HINT:Europecoin uses a technology, named "Bitbreak Blockchain Shield", that uses TWO separated difficulty calculating threads, that
are checking against each other. This system is able to detect mining attacks in realtime and can react immediately, raising the difficulty.
On the other hand it can also detect a sudden drop in mining activity. It then notifies all user wallets and the are starting a minimal mining activity
to keep the Blockchain moving.THE NEW CONCEPT:Termdeposit will get a new name, the "GURDIAN REWARD". By locking his coins, the user expresses his commitment to safeguard the Network against a
drop in mining activity. The more coins he locks, the higher the higher is the probability, he keeps his wallet open, to collect his rewad.
Therefor he gets a reward of 5% of the locked Coins.
THE DIFFERENCEThe only difference is, that the user has to keep his wallet open. There will be no mining activity, as long, as the Blockchain has enough miningpower to move.
(which it always had, since our lattest wallet version.) only if the network drops below a dangerous fresh hold, the wallet would start mining. The mining is
very minimal and barely measurable, just to keep the Blockchain moving.
We tried to keep the added inconvenience as little as possible
while keeping all the benefits in place. What do you think about thee concept?
have fun
Matthias
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KAZE Solutions Parnership
We are thrilled having meet with KAZE solutions and about partnering.
They can help a lot, perfecting Smartcontractng in FINANCECLOUD API
with KAZE <-> EUROPECOIN integration and more.
KAZE is a very like-minded team from Switzerland and they have developed
one of the most lightweight, but powerful smart-contracting engines up to today.
have fun
Matthias
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Because there are never enough explainers .....
 more stuff .... - fresh two-way ERC & FINANCECLOUD partnerships and integration plans establisched wit KAZA and with ELEGRO Payments.
- Europecoin Financecloud Presentation in "The Block" Blockchain Conference Magazine created
- Two Lawyers for the ERC Financecloud FOREX Gateway & Trading Intelligence module hired
- 19.09. Investor Meeting in Wiesbaden, roadmap for the FOREX Gateway launch
thats it for today
have fun
Mathias
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all "FOREX GATEWAY" for "EUROPECOIN FINANCECLOUD API" investors
have now successfully signed and transacted.
This means all Financecloud modules and gateways are now up and well funded.
have fun
Matthias
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TASKS T'DAY:  - 1 Interview
- 1 meeting with print media
- planning FOREX gateway company's next move
- teaching FINANCECLOUD API A.I. some tricks
- writing the new TERMDEPOSIT concept.
Sun's shining, volume catches up ... ooooh yeah have fun
Matthias
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- server maintenance and certificates upgrades done, everything should run smooth for now
- we prepared moving the Forex Gateway Company for EUROPECOIN FINANCECLOUD API to Zurich, Swtzerland
(Iron Eagle GmbH), which will also provide the Financecloud Api Trading Intelligence App,
- Communication with Bittrex about the collaboration plans re-established
- Termdeposit modification concept for regulative approval first brainstorming done.
Concept follows on Friday,to discuss it with our community
- Termdeposit Concept sent to Bittrex legal team for approval
thats it for today
have fun
Matthias
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 just catched up with our timeline
back on track
Matthias
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Gotta admit I had to google that one, quite fitting phrase indeed.
Are details for collaboration with Bittrex still being worked or..? Can you give a somekind of rough outline what's going on (or what will be going on) with them?
Yes collaboration with Bittrex is yet to be defined (and is the next-action-topic on my task list) have fun Matthias :-) |
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Glad to see you back Matthias.
My trust in you, and my faith in the project, are undiminished.
Per Ardua Ad Astra!!
Thank you so much :-) sic itur ad astra! Matthias . |
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Status Summary
Ideas like the kickstarter app, are for now, not what i am focussing on. If there is anything we are having enough,
for now, its "features". For most of the next weeks i will focus on interconnection, Interface and security. Most important
goal is, to be able to present a device, that can demonstrate our vision at the blockchain Summit in November.
And even the last three weeks, nothing was able to stop us from progressing and from getting there.
Last three weeks, have not only been scary for me, but for sure for some of my users, who did put their heart and their trust into
my work. Sorry for that, there wasn't a second, i did not feel bad about not being with you, but i did not know better, how to deal
with the attacks, than cutting the rope and then getting help. Nothing is able to stop me from running this project.
have fun
Matthias
Well you certainly have nothing to apologize for. Especially if considering those inconveniences were scary. I don't know how others have been feeling, but it's been quite waiting year anyway, so I don't what 3 weeks of hiatus means here (and it's not even hiatus, you came back with partnership and shit!). At the very least, Meyer informed us that there's rather good reason with this. thank you for your kind words and trust, it's a source of motivation for me. have fun Matthias . |
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