Apologies I didn't mean to imply that
BTC will disappear or even that it will become the smaller market cap any time soon. I just mean that for what we need in the Knowledge Age,
BTC is lacking those aspects trollercoaster enumerated. Note I havent engaged in private conversations with trollercoaster about details of my work.
There is one aspect that is still not solved for crypto-currency which is filtering of the protocol. The next TODO will be steganography and also figuring out how to keep the block chain online with HAM and shortwave radio should that become necessary.
After selling some coins, we can fund the research & development needed on those remaining items. That is one reason we should not do a mining launch and then throw away all your money into hardware and electricity, when instead we can pool your money and put it towards solving all our needs. I have a lot of other ideas for existing and new projects that need funding that appeal to our common goals and interests. We just need to make sure that when we will sell coins that we do on an open market exchange and that we document where all the money is being spent (no way to repay a loan in order to cheat if you spend the money received), so it is provable that the controlling entity (which won't be me!) isn't hoarding coins. I can not be a controlling entity due to SEC regulations and I am a USA citizen. I will have to be paid by such an entity for my services.
I hope everyone understands I expect to be paid very well so I can retire. That means perhaps up to 1% of the coins (of course some spent over time to fund my lifestyle thus not 1% forever, but also not dumped on the market all at once or even when the coin is young). I've worked tirelessly nearly 18 x 7 on this for the past 2.5 years self-funding myself (except for roughly
BTC15-20 I received from rpietila, smooth, and jl777 in 2014 and big thanks to them) and depleting my savings. But angel investors would take more than that any way, so that is why I wanted to make sure the angel investment gets spread around so that no one can dominate the markets early on.
One thing that can be done for anyone who attains 1% of the coin supply in this early vestment period is to lock coins for a period of time, even with staggered times they become tradable, so they can't be all dumped onto the exchanges all at once.
The other challenge faced is trying to launch a coin into a down market and the crypto community losing its fever pitch to buy altcoins. Any way, I think 4 - 6 months means launch as crypto is bottoming if you believe Armstrong's model that the low for gold will be March or April 2016.
For angel investors, they get to lock in their stake in dollars now while
BTC is still loitering near $300. I do think we have a bounce in
BTC coming right about now and hopefully one more time up to $325 so you all get one more chance to divest
BTC before the collapse below $150 (if I am correct that
BTC will follow gold down as both being private assets).
Also we have the GavinCoin threat (promise?) to fork Bitcoin in March, so someone pointed out to me in private that this might contribute to a selloff in
BTC. My thought is to stand on the sidelines until the GavinCoin crap is sorted out. Others look at it as a chance to own coins in two forks and sell in one or both forks. I don't have an opinion on that. Haven't studied what can happen.
This GavinCoin scenario is opening the door for an innovative altcoin to step up. But remember the mass media will probably always favor
BTC so don't expect any altcoin that seriously challenges
BTC on tech to get media coverage. Big media might even have a policy of blackout on it. Note I have a connection in the media that writes often about computer security and crypto currencies. So I think I can tap him (and there will be others).
- 1st they criticize
- 2nd they attack
- 3rd they join
Also the other factor is Blockstream and their sidechains. If that becomes serious and it could this Fall, then there needs to be a strategy to make sure they can't just copy your coin and make it a side chain. And the easiest way to do that, is make your coin also a side chain. I have some ideas about how to cleverly do that while still retaining independence also.
The person who I had in mind to be a public liason on this coin has declined (unless if no one else can be found). So that position is still open. It should be a paid position since you take on some responsibility and exposure. But that person needs to be absolutely trustworthy. Please no one that will post in the threads of other coins or attack any one about any thing. Even though I've done that occassionally in the past, I want to stop that entirely. And no one that will tell users what they must buy. A person who will not turn hoards of people into haters against the project. Yes there are other coins that are scams, but that is not our problem. Lead by positive actions and results, not by negative comparisons against your scammy competition. One user did PM me offering to be that person. I will try to follow up with him.
After much contemplation, I have decided I prefer to remain anonymous (plausible deniability) on such a coin project. Thus I want to go silent about it again. No more details from me. You won't be able to prove if it was really me or not (but hey don't be stupid, you've been given copious hints).
So thus I won't be announcing who is that liason publicly.
If you've expressed an interest to invest as angel investor, then you will be contacted. And there will be some way to prove the tie to me for those angel investors.
For everyone else (the public), you've read every thing I am going to write about this from my user account.
Again I am doing this mostly because I want these tools. My best creations have come from tools I wanted to use myself. When I created CoolPage (and even though I am not proud of CoolPage's tech any more), I was frustrated when using Abobe PageMill (had a free copy from my prior work) to layout a web page and I couldn't afford NetObjects Fusion (or I couldn't download the 40MB trial because I was on slow dialup connection in Philippines) so I created something easier-to-use and access.
I am doing this now because I want to use these tools. So you can expect me to make them excellent as time allows the necessary coding to do refinements, because I want to use the tools. I hate Bitmessage's GUI and feature set, even though I am grateful it exists. I'll be so happy when we can replace Bitmessage with something easy-to-use and access.
What do I mean by easy-to-use and access? Well for one thing, it should be as simple as pointing your browser to a URL and a GUI client appears. Point and click.
Lot of work ahead me now. The conceptual work is about done. Now the grinding programming. So going silent is necessary any way.
P.S. for an example of why I need the math PhD's assistance and review, I need help to understand what Gregory Maxwell is referring to about the non-unity cofactor for EdDSA:
https://bitcointalk.org/index.php?topic=380482.msg4083612#msg4083612That is an example where my math is sorely lacking. I could figure it out with a lot of time, but right about now we need me to be coding and not teaching myself higher abstract algebra maths.
I would still like to find another coder who is at my level or higher. Preferably someone who knows how to code in Java and also knows cryptography. We would have a lot of paid work to throw at the person at even higher levels of pay especially after launch of the base testnet and core block chain functionality when we can sell coins on an open market exchange to raise funds to pay developers at top rates of conpensation (to get the best, you need to not be stingy). Just imagine all the work that needs to be done on GUI wallet, block chain explorer, etc..
Also I thoroughly understand about the need to use low level languages (for performance and) to ensure constant time cryptography and also to use typed languages to avoid silly cryptography bugs.
How can you claim to of solved problems when the first is already solved by Vanilla coin. Vanilla coin wallet is anonomous already right? Plus it's plans are to implement anominity too. Just remember if your not done in a couple of months your not first mover in anominity either.
No I see why you attacked and got so upset at Vanilla coin....though it seems it inspired you 'solving' double spend ie you copied.
I wish VanillaCoin good luck. My confidence is well founded. I haven't copied a thing from them. I've been working on my own stuff for 2.5 years. And there are no similarities whatsoever in our algorithms and methods. And I have
stated all my logic over in the altcoin forum as to why they haven't proven theirs can work (and several other long-time experts have agreed with me). And they have released no details whatsoever on their anonymity algorithms. The chance that they discovered what I did on anonymity is about zero. Again I wish them good luck and have no desire to continue any discord with them.
When people follow you to other threads, stalking you, that is indicative of whom is the leader.
I'm so glad to see that most of you early Bitcoin adopters finally see that Bitcoin has been hijacked by the banks. I was saying it since 2013 but nobody would believe it - especially not the Bitcoin "experts".
Afair, you participated in my "Bitcoin is a Ponzi" thread where I cited and discussed with you my "Bitcoin: The Digital Kill Switch" in 2013. So "nobody" is incorrect.
FYI: Monero is most likely a fed coin. Just ask the top hackers in crypto! So is DASH. That makes both coins good buys just don't go falling in love with another lie. 
Smooth and iCebreaker are running a convincing campaign to elucidate that DASH (DarkCoin) was instamined.
Why do you think those guys (fluffypony, tacotime, smooth, etc) are moles for the banks? I sometimes have discussions with smooth. He is also working on AEON.
I read an innuendo yesterday that implied fluffypony has 25 x 2.5% of the XMR coins! I doubt that! But there was apparently one entity mining the hell out of Monero on AWS (these are just accusations I read yesterday so I dunno).
Seems the more plausible explanation is these are all just sort of scammy coins by guys who want to get rich and pretend (hide behind) an ethos that they are more ethical (holier than thou) the other scammer.
It is the Hegelian dialectic principle that TPTB employ where the lesser worst looks better (i.e. manufactured crisis).
But I still doubt that. I bet it is just human natures at play.
Also I want to move away from getting into these political battles. Who cares! Can't we just go create great tech and make our presentations and let the users decide what they want to buy and use.
...
Frankly I don't know who is honest. I start to think some people are honest, but then they behave strangely.
I guess all I can deduce is that those who play politics are politicians. And I know that generally speaking all politicians are corrupt.
