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Author Topic: [ANN] [R3D] NEW UPDATES COMING SOON  (Read 64918 times)
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unusualfacts30
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August 04, 2015, 08:17:32 AM
 #121

Hi folks,

     It was nearly exactly a year ago that I posted an announcement about a CFC for a system and was faced with the same responses, scrutiny and reluctance as Jared (Stoner) is now.  I was fortunate enough that those who were familiar with my work or had worked with me spoke up in favor in those times of skepticism.  Ultimately, it was a mixture of those whom had vouched for me as well as some blind yet curious faith that led those uncertain to follow the progress.  Some of you may know me, some not.  Since before that CFC went live and to this day, I've been here and have released several versions of Neos and have continued to support it.  The channel on IRC is consistently filled with folks who can attest to the fact that I live there more or less.  I've been involved in crypto for a few years now, and it's the only work I not only enjoy but have a very strong passion about.  I don't support scams nor get involved with them.  I will however, call a scam out if i realize the community is in harm's way and may or may not realize it.  I'm always upfront and honest to a fault with this community.

Over the course of time, I shifted from developing full-time on Neos into what I've been referred to as a "hired gun", or a contract developer.  I'm approached by many for development work ranging from initial development, to infrastructure and debugging.  If a coin is broken or needs upgrades, a hard fork with economic or network changes - I'll decide if I want to get involved based on the people involved, what I know about the project and people and if I feel it's just a quick cash grab.  This space is filled with enough people losing money on fly-by-night pseudo developers endlessly promising fairy tales.  Jared being a long-time friend, and fanatical Neos supporter and I were talking about the future of Neos a few months ago.  I had mentioned potentially shifting Neos to a PoS base as that was what the community was requesting so I was experimenting with some modifications.  Following that, I was looking for a system that could handle data on the network also - namely for aliases as the current system isn't built into the core.  Namecoin and Syscoin were my go-to's for reference so I began studying the code, and porting it into a stable PoS base to further experiment, spot areas of improvement and see exactly what could possibly be done to produce something new and useful for Neos.  Many projects have attempted to do so, some inefficiently and others with quite a few bugs.  I've been staring at this code for quite some time, the most subtle nuances that a blind eye wouldn't spot definitely have an impact on the end result and that's paramount.

Jared has referred many people to me for development work, and I've always taken it on as his referrals have been legitimate and paid well, and on time.  He approached me roughly a month and a half ago and asked if I could keep a project in the making to myself, and that he'd spoken with those involved prior to asking me if it was alright with them to divulge what they had in mind.  After we discussed the details of it, and I asked who else was involved he told me three of the other developers - and we knew each other.  The other folks involved I only know by alias and from the introduction by Jared.  The first thing discussed when we were all in a chat together was the sensitivity of keeping people's privacy in-tact.  The reason being, several of them aren't crypto devs but one of them is a developer for a known product, one of them in the political arena, and another person an analyst for a financial firm.  The fact is, the nature of this project and what it could potentially represent could be questionable and have a negative impact on their reputations or livelihood.  Me?  I'm just a developer with a passion for crypto who believes in freedom.

With that being said, I was given an initial amount of funds for my role within this project which I'll go into details regarding that shortly.  As much as the details of our arrangement are between us, I'm a pretty wide open book and I'm fine with disclosing the terms.  I've explained to the other folks I stand by what I believe in, and I've voiced my advocacy for freedom many times over publicly and that I wouldn't sit idle while the doubts were "emphatically" expressed.  If it were anything other than legitimate at least in my opinion, you would be seeing a post by me double in length and with even more rationale and facts to back it up.  So in all fairness and in the interest of someone's name and a project that's been worked on with enthusiasm as well as great dedication, I'm writing this.

There's a chicken and an egg situation here.  When the team discussed the terms of the ICO, the minimum required amount was discussed with growth and debt in mind.  The folks involved, including myself, can't afford to turn down work or income while working on another project on a promise alone.  Their arrangements and terms I'm not privy to, nor do I wish to be it's not my business.  However, to have me on board for the duties I'm responsible for myself - it wasn't an exorbitant amount nor was it the most humble.  We all have bills and people to pay and that's just business.  I've voluntarily stepped into the light here, my information is public and when I'm not coding I will answer questions to the best of my ability.

Regarding my responsibilities in this project and the role I play.  The developers at the time I had spoken with Jared were past the planning stage and were just basically outlining the details of the project and goals/milestones and what they'd like to see in the project, out of the project and needed in the project.  I think I can fairly say everyone's feelings towards the rapid censorship, especially as of late are not the fondest.  They had implemented some of their ideas into standard data messaging but they were having issues with a few aspects of it such as size, compression, delivery and basically a usable system that wasn't relying on heavy hash to keep the chain moving, or a PoS system that only urged people to hoard with the intention of profiting later from a) lack of supply in the wild and b) interest-based gains which would then just lead to flooding the market with sell orders.  Their goal and idea behind the system wasn't to price it for traders but aimed more towards something that was actually unique and usable.

So what do you do when PoS isn't a) always stable b) supportive of a healthy economy typically c) defeats the purpose of the system you're building?  What do you do to prevent the necessity of large hash to keep this network in motion without financial overhead?  My suggestion based on my aforementioned experimentation and knowledge was make an abundance available for the sale, auxpow mining since now we have scrypt asics everywhere and hash is readily available, and incentive based on a proportionate amount of reward based on use.  This system isn't made to sit idle, it's meant to be used and thus those who either directly mine it or auxpow it, will be rewarded based on that use.  A prime example, is I'd run the Neos forum on the system and get rid of the hosting fees we have right now for that server.  I thought this would be a great and practical actual *use* of blockchain technology instead of just a project based on finances.  There are others out there that have great systems in place for other uses, as there are others out there with only financial purposes.  Everything is derived from inspiration brought on by those with the thought in mind and reference of the past as well as present.  Syscoin is great, they themselves looked into Datacoin and Namecoin.  My role in this is to re-engineer it into something else in the areas of transport and storage.  Analyze the current bottlenecks, shortcomings and recognize areas that could be improvised to function differently and in many cases along the way - improved.  Once the source is released, I'll be explaining to anyone interested what's been changed, written from the ground up, questioned and what's been removed with the reasons behind it.  For example the fee reward system, the account system and quite a bit more.  As I said, this is going on more than a month in the making and that's just the point at which I was brought in with the agreement and promise of post-ico employment.  The 4K BTC sum isn't what's expected to be reached, but just what's made available.  You can buy 1, 1000, or 0.  A project of this magnitude that's actually legitimate has costs to not only create but to maintain, support, and grow.  The minimum set is what's been told to me to afford to keep everyone involved paid and the project continually developed.

There have been quite a few questions here along with doubts and my intention here is to hopefully bring some legitimacy to this project as it truly is worthy of positive attention, at least in my opinion.  As I've already stated, I don't get in bed with scammers or those with less-than-honorable intentions.  My personal salary from the sale wouldn't be given to me in a lump sum either regardless of the level of trust the rest of the collective or Jared have in me.  It requires a certain level of responsibility, experience and trust to be in the position Jared's in and if I hadn't known him for as long as I have now and worked with him I would be skeptical the same as those voicing their concerns are.  There have been quite a few companies, investors and developers in this space that have expressed a great amount of interest and with good reason. The ground work was almost all laid out when I came into this project, it was the implementation and delivery that was lacking and that's where I've been able to step in and offer my abilities.  I've introduced an experimental alternative to leveldb as was in conjunction to it as a possible replacement for a multitude of reasons as well.

Regarding the roadmap and features detailed there.  Some are already in development, a few in which I played the role of coding (encrypting the data on the chain for example).  They're included in the current list of features only because they've been thoroughly tested.  I never release anything as "done" or "included" without proper testing.  With that said, updates will come as features are tested and proven stable - not before.  Graphical roadmaps, elaborate images and graphs - unnecessary.  History has shown us time after time that a scammer can hire a designer, pay a nominal fee and rob us blind.  The intentions behind the simplistic layout were to be informative and forthcoming - not beautiful.

With all of this considered, the person in the position of holding responsibility for the financials is not only someone who has voluntarily given their time to support and nourish other communities, but also someone whose personal information is public and I as well have Jared's information even beyond what's disclosed in the CFC along with one hell of a lawyer that practices both in and outside of this space thanks to another reputable person involved in crypto.  Every bit of relevant information regarding his holding and dispersal of the funds is documented and legally binding.

Lastly, I've been accepting contract roles for the last several months since LTCGear went belly-up to maintain my role within the Neos community and in crypto in general.  I haven't missed a beat with regard to my role or support with Neos, even while coding for others.  I don't want to give the wrong impression, even with the clarity I've hopefully provided so I'll state again - I'm basically an employee whose future role depends on the response to this project.

I'd like to thank those who have read this lengthy post for your time and hopefully better understanding of the rationale behind a few of the uncertain details.  Now it's time for me to get back coding.

     Best regards,

syntaks

Thanks for detailed explanation about your involvement in this project.

I really don't see how it can raise even 800 BTC. Not that I don't think it's a good project or I doubt stoner or you but in reality Bittrex don't even have that much volume..may be 20% of that is real rest is fake. Add that to the fact that previous ICO have all been scam..I think people are going to be really nervous when it comes to throwing away their btc in ICO.

Anyways, Good luck. I have invested few btc just to see how it all rolls out at the end and if things are getting delivered after ICO I will be happy to invest more for long term.


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August 04, 2015, 08:21:57 AM
 #122

Neos coin developer involved this is then serious, one of the best developers in crypto. Smiley

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August 04, 2015, 08:23:13 AM
 #123

And you know what's ironic? Promising a non-removable content and free speech coin in a moderated thread. Talk about hypocrite there. And a bunch of pussy too with being anonymous. Bunch of pussy.

Kudos to syntaks though for opening up that he's one of the developer.


and whats stopping this anonymous owner of r3d coin simply running with the 4000 btc??

throw a few btc at the developers to seem legit then run wit 4000.

simple, no one knows who you are. not even your developers. most likely moolah.
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August 04, 2015, 08:45:43 AM
 #124

4000 BTC with an 800 BTC min sell to proceed...wuahahahahahahaha!!!!

This isn't May 2014, ICO's are a 50 BTC scam at best now. Grin

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August 04, 2015, 08:53:15 AM
 #125

And you know what's ironic? Promising a non-removable content and free speech coin in a moderated thread. Talk about hypocrite there. And a bunch of pussy too with being anonymous. Bunch of pussy.

Kudos to syntaks though for opening up that he's one of the developer.


and whats stopping this anonymous owner of r3d coin simply running with the 4000 btc??

throw a few btc at the developers to seem legit then run wit 4000.

simple, no one knows who you are. not even your developers. most likely moolah.

The Owner of R3D Jared or stoner19 has been outlined in the CFC guidelines here https://bittrex.zendesk.com/hc/en-us/articles/207166757
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August 04, 2015, 11:36:03 AM
 #126

WE DON'T CARE IF IT'S LEGIT - IT'S TOO FUCKIN' EXPENSIVE.

It would be nice for you to explain why you believe it is too expensive, instead of just internet yelling like a child would.  Now that we have an idea of who the team is, the amount they are asking for makes sense.

Stoner19 since this is a long term project.  In your opinion about how long do you believe it will take to accomplish the goals outlined?

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August 04, 2015, 01:12:13 PM
 #127

4 billion for 4k. comical. heres free money . sighs
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August 04, 2015, 04:39:29 PM
 #128

WE DON'T CARE IF IT'S LEGIT - IT'S TOO FUCKIN' EXPENSIVE.

It would be nice for you to explain why you believe it is too expensive, instead of just internet yelling like a child would.  Now that we have an idea of who the team is, the amount they are asking for makes sense.

Stoner19 since this is a long term project.  In your opinion about how long do you believe it will take to accomplish the goals outlined?

We're going to include everything we can in the first release, but priority is getting it out on the promised deadline. From there it will be an indefinite ongoing development and new features rolled out as they are complete. Today and tomorrow will be heavy code-work days so I expect some updates by this time tomorrow and will fill everyone in.

Regarding everyone's concern about the valuation and r3d being "too expensive," I'll provide some nice examples with statistics of existing platforms that could utilize the r3d core which should help to clear everything up about why 4,000,000,000 supply was chosen and why the opening CFC price is 100 satoshi.
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August 04, 2015, 04:59:10 PM
 #129

Interesting project. Good luck guys Smiley

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August 04, 2015, 05:35:14 PM
 #130

A big part of the details that people are missed or misreading here are the terms for a successful CFC.

r3d CFC will be considered fulfilled and successful if a MINIMUM of 802,000,000 r3d purchased before CFC closing. Maximum valuation of the r3d CFC is capped at 4,000,000,000 coins sold at 100 satoshi each.
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August 04, 2015, 06:51:11 PM
 #131

countdown to client release has been created

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August 04, 2015, 09:32:50 PM
 #132

FUCK YOU AND GO AWAY AND NEVER COME BACK! YOU TALK LIKE A BOT. WE THE COMMUNITY HAD ENOUGH OF SCAM ARTISTS LIKE YOU. GO AND TAKE YOUR SHIT WITH YOU!

http://coverize.me/wp-content/uploads/2011/11/go-away.jpg
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August 04, 2015, 09:52:00 PM
 #133

FUCK YOU AND GO AWAY AND NEVER COME BACK! YOU TALK LIKE A BOT. WE THE COMMUNITY HAD ENOUGH OF SCAM ARTISTS LIKE YOU. GO AND TAKE YOUR SHIT WITH YOU!



You is who? It doesn't make much sense to spam many Threads with that, without adressing who exactly you mean...
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August 05, 2015, 04:32:35 AM
 #134

I've scanned a few of these posts but didnt read them all (especially not that wall of text syntaks posted! Wink ).


I've had a few things typed out and erased them all. I'll just say this, I trust Stoner19 and Syntaks a lot. So much in fact that after reading what this is about I will be putting them in contact with some people that will hopefully fund their project. I think this has a tremendous amount of potential to actually utilize the technology and not get raped by the greedy masses.

This is NOT a "coin", this is a way to utilize the technology. Unfortunately there are a lot of people here that can not see this.


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August 05, 2015, 08:20:14 AM
 #135

FUCK YOU AND GO AWAY AND NEVER COME BACK! YOU TALK LIKE A BOT. WE THE COMMUNITY HAD ENOUGH OF SCAM ARTISTS LIKE YOU. GO AND TAKE YOUR SHIT WITH YOU!

http://coverize.me/wp-content/uploads/2011/11/go-away.jpg
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August 05, 2015, 09:20:01 AM
 #136

FUCK YOU AND GO AWAY AND NEVER COME BACK! YOU TALK LIKE A BOT. WE THE COMMUNITY HAD ENOUGH OF SCAM ARTISTS LIKE YOU. GO AND TAKE YOUR SHIT WITH YOU!




AMBROSUS

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August 05, 2015, 09:46:07 AM
 #137

Will be watching, interesting ideas. But i think the ipo is a bit overpriced.
Good luck  Smiley.
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August 05, 2015, 03:14:04 PM
 #138

Now that all of my questions have been answered I'm in like Justin Verlander is in Kate Upton.  (or like I would be if given the chance)

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August 05, 2015, 10:14:32 PM
 #139

We found an article on slashdot that I'd like to share with everyone. http://yro.slashdot.org/story/15/08/05/1454231/china-to-plant-internet-police-in-top-online-firms

Quote
Websites based in China already have to abide by strict provisions for online censorship, and will often delete any content deemed offensive by government censors. But under a new plan announced Tuesday by the Ministry of Public Security security forces will be placed at the offices of the country's major websites, so that they can quickly respond to suspected online crimes. No specific companies were mentioned in the statement put out by the Ministry, but the country's biggest Internet firms include Alibaba Group, Baidu and Tencent.

The reason this is relevant to R3D and everything we're building pertains to censorship. On a platform using r3d's core none of this information can be deleted or censored by any anyone, government entities included, thus the basis of why we're doing this. Censorship is one of the biggest problems we all face today. By writing pertinent information to a blockchain that cannot be removed it frees us from this censorship. We're certainly not condoning any anti-government actions here, only developing a platform where people can speak freely without worrying about being censored, and creating it in such a way that makes it easy for anyone and everyone use.

Again, I want to be clear here, I'm not writing this nor is any of this being developed as a means of promoting anti-government action, protests, rhetoric, etc., only new means of preventing censorship. What you chose to use the r3d core for is up to you and your imagination. It could be anything from a Love Boat chat forum to a Wikileaks mirror, to a reddit-style site focusing on chocolate covered bugs. It's entirely up to you how its applied.
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August 05, 2015, 10:21:15 PM
 #140

I like the idea, I will continue watching
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