Do you think "iamnotback" really has the" Bitcoin killer"?

[thejaytiesto]

Edit: 17/03/2019

Thread closed because of iamnotback's request. He has had to quit developing due health problems. I hope he takes a long vacation and gets better and comes back someday or at least still posts some altcoin critique and bitcoin/economics articles from time to time, they are valued.

For now this is it and im closing the thread.

In the Econ. Total. thread I mention a little about The Road to Ruin, the brand-new book by Jim Rickards.  I just started.  I will have lots more to write about it as I explore his ideas.

Of interest is that many of his ideas, so far anyway, parallel Armstrong's ideas.

He is saying that ~2018ish when the defaults go bezerk, the central banks will be trapped, and the global elite will close the financial system, so that the elites can buy up all the distressed corporations and assets, before they reopen the financial system.

Hard assets will preserve wealth long-term but they won't be liquid during that period:

https://bitcointalk.org/index.php?topic=1665943.msg16749910#msg16749910

THAT would be the acid-test of a new crypto: whether the black market guys would accept it.

I disagree. I am not here in crypto-land to create black markets. I am here to create a mainstream market of billions of people using crypto-currency.

For liquidity, you are going to need crypto-currency. And that is why you need crypto-currency with billions of users for massive liquidity. Bitcoin isn't going to get us there fast enough. That is why I will release the "Bitcoin killer" early 2017.

Proof-of-work coins such as Bitcoin, Monero, and Zcash will lose all their security in the coming crisis, because miners won't be able to exchange BTC for fiat to pay their electricity.

As we know, bitcoin has the problem of making us choose between

1) A network that has conservative blocks in order to stay decentralized (so nodes can be run by common folk instead of big pockets, corporations and whatnot, which would be fatal for the network) + a secondary layer on top like LN to facilitate fast velocity, cheap transactions then wrapping them up on the decentralized network, but making on-chain transactions expensive and slow for those that want to use it. (This is the best we have now)

2) A network with big blocks, that is centralized at its core, since the blocks are too big for common folk to host nodes = centralization of nodes spiral begins and it ends up as centralized as mining is nowadays.

Option number 2 is out of the question, which is why Bitcoin XT, Bitcoin Unlimited etc have been failures that get next to no support. Bitcoin Core with conservative blocksize increases (devs and all experts say they its best to increase the blocksize after segwit so we will get 2MB after segwit) + LN is the best we got. All other methods have been proven to be smoke and mirrors. Unrealistic and deceiving solutions.

Now we have this "iamnotback" guy that has been saying to be sitting under a solution that would allow for fast, cheap, onchain and big volume transactions while delivering bitcoin tier security all within the same package. I personally don't believe it, since he would be sitting under a goldmine, and we all would be rich by investing like 10 bucks. Im sure that if he really releases a whitepaper, experts will find out flaws, there will be some sort of tradeoff and we will still be left with the option 1) as the best we have and Bitcoin will remain king, but the guy seems smart and im not a coder so i'll wait to see what happens, I will give him a fair chance.

So what do you think? is this guy trolling us? he has delusions of grandeur? or he is a true genius that will make us all rich?

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[bathrobehero]

Proof-of-work coins such as Bitcoin, Monero, and Zcash will lose all their security in the coming crisis, because miners won't be able to exchange BTC for fiat to pay their electricity.

Considering how stupid that statement is, I highly doubt the answer is yes.

[Fidel007]

don't know if he has the bitcoin killer but i will throw in a few bucks in whatever shelby comes up with....

he's fucking nuts enough that it will either succeed or burn spectacularly but it's a gamble that I am willing to take.

[iamnotback]

Proof-of-work coins such as Bitcoin, Monero, and Zcash will lose all their security in the coming crisis, because miners won't be able to exchange BTC for fiat to pay their electricity.

Considering how stupid that statement is, I highly doubt the answer is yes.

I was referring to Jim Rickards' prediction that the elite will shut down the financial system for a period of time. I am saying that if that period of time is of sufficient duration that BTC can't be exchanged for fiat to pay for electricity, then mining farms have to shut down.

If the world is in such a chaos that the entire world financial system can be shut down and no one can move any fiat for some period of time, then proof-of-work miners can also be affected because they have bills to pay.

Whereas, a proof-of-stake system would not be so affected because it doesn't require consumption of an external resource. We might argue that such chaos would also shut down the entire Internet, but I tend to think the Internet is much more global, resilient and diverse than a few mining farms in China.

So please enlighten us as to which of us is stupid?

bathrobehero, are you challenging me to an intellectual contest? Do you really think you can challenge me intellectually?

****
I was referring to Jim Rickards' prediction that the elite will shut down the financial system for a period of time. I am saying that if that period of time is of sufficient duration that BTC can't be exchanged for fiat to pay for electricity, then mining farms have to shut down.
****

Total bullshit man now there are projects like 2k Wat solar power + miner:
http://www.bimblesolar.com/bitcoinsolar     - ta da and NOMORE PROBLEMS WITH POWER

The mining farms don't currently run on solar dimwit. They run on subsidized cheap power in China such as hydropower at 2 - 4 cents per kWH.

You seem to not read, both the red highlighted text above and the upthread post as quoted below:

I didn't take the time to read all 16 pages, but regarding the financial elite turning off financial transfers in a doomsday scenario, thus forcing miners to turn off their machines, why wouldn't the electric provider accept Bitcoin or litecoin as payment for their service?

I'd rather not focus on that upthread diversion. It wasn't a particularly strong point. That is not the main problem with Bitcoin.

The intended point was simply that if we didn't have to rely on PoW (and its numerous disadvantages), it would be better (assuming all of PoW's positive attributes were retained).

[noise2]

Eagerly awaiting the mythical whitepaper solving all our problems. Of course I remain skeptic, if something sounds too good to be true it usually is.

With that said I'm hopeful and I'm sure there is some insight and improvements to be had. I'm waiting eagerly to read the whitepaper and possibly invest in the coin when (if?) it's ready.

[freshman777]

don't know if he has the bitcoin killer but i will throw in a few bucks in whatever shelby comes up with....

he's fucking nuts enough that it will either succeed or burn spectacularly but it's a gamble that I am willing to take.

I'll throw in a few bucks just to get him to shut up with his Armstrong bullshit, maybe he'll get busy coding instead of spouting nonsense all day long.

[iamnotback]

Eagerly awaiting the mythical whitepaper solving all our problems.

It is not a myth. It is already posted at a popular Git repository host. All the commits edit history since I started writing it in November are there to be reviewed when it is opened to the public.

Currently 30,013 words with 205 cited references. I am not completely satisfied with the document yet. It is a very long document that has undergone a lot of edits and needs more polishing. The paper attempts to explain a very complex topic and so the paper at this point is a spaghetti because topics are cross-referenced all over the paper to each other. But the necessary concepts are already all there as of December.

Working on crypto-currency block chain consensus systems is multi-disciplinary. You must be an expert economist as well as a computer scientist and a physicist.

[cryptohunter]

I think he has been  proven correct a few times before. So if he says he think he has then there is a good chance.

I will be investing in his project.

[iamnotback]

Estimated time until IPO? I plan on making a huge whale splash. My bitcoins are growing in anticipation.

I have no idea. I took a week off during the holidays to work on my health (voracious daily exercise such as full court basketball with tongue hanging on the ground with 20 years olds since my son arrived).

And I am headed to Singapore next week to see gut specialists. My son loaned me his laptop (that is how broke I am), so I will be working in the hotel during the trip (and yes I will carry my laptop with me at all times and so don't think you will be able to steal it and get early access).

As in most things software related, especially considering my performance past years has not been speedy Gonzales given the illness, expect everything to take far much longer than one dreams.

So I think this thread is premature and it is my fault for opening my big mouth too soon.

I am doing a complete review of my paper and re-read it from start to finish. So I can make sure I have all the issues loaded holistically in my mind. Then I will make the definitive conclusion about any weaknesses in my design.

I know I have something unique and I want to write down clearly any weaknesses. There is nothing that is absolutely perfect, but I am reasonably sure I am bringing something very unique and different. And I think I have solved the scaling, instant transaction, and decentralization issues at least we can say with a viable experiment worth trying.

In the paper, I analyze many other systems such as PoW, (D)PoS, dPoW, Byteball, Iota, Casper, Tendermint, Intel's Proof of Elapsed Time, Trusted Execution Environments, etc, etc.. I lay it all out starting from fundamental explanations of the FLP impossibility result and a taxonomy of work arounds of which there are two main categories: probabilistic, asymptotic and Byzantine agreement. Then I put all the systems into that taxonomy and relate my design to it.

I wrote the white paper as way to organize all my extraneous thoughts into one document. So it is intended to be educational for others and organizational for myself.

It is pulling into one document much of the research and papers that have applied to blockchains.

I am still hoping to add some discussion of proof-of-space, and proof-of-retrievability and those related projects such as Storj, Sia, MaidSafe, etc.

[Spoetnik]

Eagerly awaiting the mythical whitepaper solving all our problems. Of course I remain skeptic, if something sounds too good to be true it usually is.

With that said I'm hopeful and I'm sure there is some insight and improvements to be had. I'm waiting eagerly to read the whitepaper and possibly invest in the coin when (if?) it's ready.

Yeah pretty much..
And did he leave ? Look at his account name LOL
He made a grand farewell then uhhh...

But he was quoted above saying early 2017 so get your wallets ready to buy his ICO guys.
I warned you all lots he will unleash his own.. while he FUD's all the others of course.

Off hand i am skeptical he has time to code the worlds best crypto coin considering how much time he spends in the politics section spouting off crazy ass conspiracy theories.

So i dunno is Bitcointalk going to release that new forum ?
When i signed up here mid 2013 i was told back then theymos had already gotten over a million dollars in Bitcoin and that was sub $50 Bitcoin times..
Still waiting now aren't we ?
Why do i mention that ?

Well.. the site here has been laggy all the time on & off.. even now as i hit reply.
Hey theymos all those guys paying for Donator or VIP status should fund a few more servers to get this shit a little less laggy

[tunctioncloud]

I don't think so : an altcoin, whatever his technology may be will never defeat Bitcoin, because to elect the best crypto-currency, we look at how many people use it. No altcoin will ever surpass Bitcoin because the average people absolutely don't care about the internal problems, and I do not see any internal problem as of today. The branding is whatever matters the most, and good luck defeating Bitcoin's branding ! Most of the people that know some economical things knew about Bitcoin, but absolutely none about things like Ethereum or Litecoin. Good luck releasing something that beats Bitcoin on all the points, which is basically impossible if you conduct an IPO or an ICO.

[bathrobehero]

Proof-of-work coins such as Bitcoin, Monero, and Zcash will lose all their security in the coming crisis, because miners won't be able to exchange BTC for fiat to pay their electricity.

Considering how stupid that statement is, I highly doubt the answer is yes.

I was referring to Jim Rickards' prediction that the elite will shut down the financial system for a period of time. I am saying that if that period of time is of sufficient duration that BTC can't be exchanged for fiat to pay for electricity, then mining farms have to shut down.

If the world is in such a chaos that the entire world financial system can be shut down and no one can move any fiat for some period of time, then proof-of-work miners can also be affected because they have bills to pay.

Whereas, a proof-of-stake system would not be so affected because it doesn't require consumption of an external resource. We might argue that such chaos would also shut down the entire Internet, but I tend to think the Internet is much more global, resilient and diverse than a few mining farms in China.

So please enlighten us as to which of us is stupid?

bathrobehero, are you challenging me to an intellectual contest? Do you really think you can challenge me intellectually?

I'm not challenging you to anything but that statement was stupid.

If the financial system would magically shut down, don't you think crypto would be much more appreciated?

Sure, some hobby miners would stop and the difficulty might drop some but the majority of mining would definitely not stop at all.

With current prices and assuming all miners sell as soon as they can it costs just over 2 million USD per day to "run" the network (which also includes miner's profit). On a global scale even in a chaos scenario where miners couldn't sell off easily, I don't think that's much especially since it would help the financial situation greatly.

Not to mention there were presumably long streches of time where miners mined speculatively because current prices were unfavorable. I have no doubt serious miners could weather some pretty long storms.

And we're also practically flying towards cheap renewable energy so PoW in general becomes less of an issue every day.

[iamnotback]

I don't think so : an altcoin, whatever his technology may be will never defeat Bitcoin, because to elect the best crypto-currency, we look at how many people use it. No altcoin will ever surpass Bitcoin because the average people absolutely don't care about the internal problems, and I do not see any internal problem as of today. The branding is whatever matters the most, and good luck defeating Bitcoin's branding ! Most of the people that know some economical things knew about Bitcoin, but absolutely none about things like Ethereum or Litecoin. Good luck releasing something that beats Bitcoin on all the points, which is basically impossible if you conduct an IPO or an ICO.

Bitcoin only has a couple million users at best. A very small social network is 100 million users. I think we can get more users than Bitcoin. I had a million users for my CoolPage s/w in 2002 when the Internet was 10X smaller.

Btw, I never contemplate killing Bitcoin. Bitcoin will continue to be the on/off ramp to/from fiat. No altcoin will supplant that. Thus Bitcoin will remain the reserve currency of crypto. But in terms of scaling and adoption, yeah I think we can challenge Bitcoin.

The distribution is not going to be primarily ICO. And it is not going to be PoW either. And it is not going to be Steem's voting rewards. It is going to be something better.

My problem is not the ideas and design work, it is the hard slog of execution. Execution requires capital and larger development teams (but not too large just a few guys who are well focused and professionals). So we will need a small ICO at testnet stage (meaning in theory very high multiples of upside potential and this will need to be explained in terms of the ongoing distribution but I don't want to reveal that now), to get enough capital to hire some more devs to do all the ecosystem development work that has to be done. I can't do that all programming by myself. I am just hoping to be able to complete the development work to have something functioning at testnet.

Reading the following thread can give some insight into the knowledge I have gained from organizing the whitepaper:

https://github.com/cosmos/cosmos/issues/47

If possible, I would be interested in possibly hiring some devs from outside our ecosystem. Some professional programmers. Or perhaps working with IOHK as consultants (perhaps but I can't speak to any compatibility between Charles' operation and myself). Actually selecting and hiring devs is also a major pita.

[Elsada]

the year of 2016 was fairly full of exciting news in the cryptocurrency world and We have seen many continued blockchain innovation,
the steady growth of Bitcoin and increasing global acceptance of the currency and Of course That's not all we clould see but 2017 is just beginning.
It's going to be an exciting year and yes, Bitcoin has done a surprised wonder passing over 1,100$.

Bitcoin - You,  Do not spoil our surprise. Thank you, Bitcoin.

Happy New Year - the golden year of 2017.

[rokkyroad]

I don't pay a lot of attention to iamnotback mainly because of verbal diarrhea(sorry iamnotback). He is one of our more well known characters for better or worse ... something like Spoetnik.

Hard to say if he can produce something unique. He might be the next "satoshi". Genuis comes in many forms and is often mistaked for idiocy.

Would I buy his coin? Hell ya. The entertainment value alone would be worth the few bucks. Can you imagine the shit storms?

[iamnotback]

Proof-of-work coins such as Bitcoin, Monero, and Zcash will lose all their security in the coming crisis, because miners won't be able to exchange BTC for fiat to pay their electricity.

Considering how stupid that statement is, I highly doubt the answer is yes.

I was referring to Jim Rickards' prediction that the elite will shut down the financial system for a period of time. I am saying that if that period of time is of sufficient duration that BTC can't be exchanged for fiat to pay for electricity, then mining farms have to shut down.

If the world is in such a chaos that the entire world financial system can be shut down and no one can move any fiat for some period of time, then proof-of-work miners can also be affected because they have bills to pay.

Whereas, a proof-of-stake system would not be so affected because it doesn't require consumption of an external resource. We might argue that such chaos would also shut down the entire Internet, but I tend to think the Internet is much more global, resilient and diverse than a few mining farms in China.

So please enlighten us as to which of us is stupid?

bathrobehero, are you challenging me to an intellectual contest? Do you really think you can challenge me intellectually?

I'm not challenging you to anything but that statement was stupid.

If the financial system would magically shut down, don't you think crypto would be much more appreciated?

Especially the crypto whose security isn't impacted by inability to convert the token to fiat. So the impetus and motivation will likely turn away from PoW and towards anything secure as an alternative (and realize I have knowledge of such a system which is unreleased). I have information you don't have.

Sure, some hobby miners would stop and the difficulty might drop some but the majority of mining would definitely not stop at all.

Mining farms have to pay their electricity bills. Hobbiests are not providing the security of Bitcoin.

With current prices and assuming all miners sell as soon as they can it costs just over 2 million USD per day to "run" the network (which also includes miner's profit). On a global scale even in a chaos scenario where miners couldn't sell off easily, I don't think that's much especially since it would help the financial situation greatly.

That would be more compelling argument if the mining wasn't concentrated into a few mining farms.

If the elite want to shut everything down so they can force firesale prices so they can gobble up the assets they want, why would mining farms be undesirable assets to steal?

Not to mention there were presumably long streches of time where miners mined speculatively because current prices were unfavorable.

So you didn't take Economics 101 and thus don't understand that mining farms are not the marginal miners.

I have no doubt serious miners could weather some pretty long storms.

Mining farms are probably mostly debt slaves who have to make their debt payments every month as well as electricity.

But even if not, they still need fiat to pay their electricity with. If the financial system shuts down, they can't pay their electricity. Or worse, maybe their electricity provider can't pay its employees and shuts down.

I didn't state it as a certainty. I stated it as an additional risk factor.

Centralized paradigms are not anti-fragile.

And we're also practically flying towards cheap renewable energy so PoW in general becomes less of an issue every day.

Now you've totally ruined your credibility. I suggest you get an education in Economics before you try to challenge me:

http://www.truthcoin.info/blog/pow-cheapest/

The security of PoW is the amount spent on energy. If energy gets cheaper, then the hashrate will increase so that the total amount spent remains the same.

[iamnotback]

verbal diarrhea(sorry iamnotback).

I won't this time let that go unchallenged. Maybe in the future, I will just ignore these (as I am sure that it is impossible to not rub some people the wrong way no matter what a person does).

Quote it now or it didn't happen.

What you think is verbal diarrhea is (to me at least) information that appears to you as noise, because the information is ostensibly above your comprehension ability (or interest or patience or knowledge at the time you read it). Often one of my motivations for writing is to organize (collect) my own thoughts.

Over time, more of my past posts will make more sense to you. I am always a few years ahead of most of the other people.

Is your definition of "verbal diarrhea" equated to voluminous posting on wide-ranging topics? Because I like to engage others in debate? Even on topics in Politics & Society.

I realize simpletons prefer the soundbite tl;dr. Sophisticated investors understand that the devil is in the details. Speculators also understand that a good pump-and-dump is sufficient, so perhaps there is a reason to prefer the soundbite.

I think you need both. You need soundbite marketing and you need sophisticated detail, e.g. Bitcoin.

I will not promise that I am the best pumper. I can only tell you that I did formerly manage to produce popular software and did a lot of coding. I have been working on the whitepaper and will be working more on the coding. And posting less (I have been posting less).

I will hopefully switch gears from being a forum poster to leading a software project and marketing. So there needs to be some shift in focus and attitude. If that is your point, then I am not disagreeing.


Edit: I realize maybe he is referring to when TPTB_need_war  would criticize other projects such as Ethereum, Dash, Synereo, etc and also the long thread about whether ICOs are legal. That was a period of learning and conceptualizing about those issues. It was a necessarily stage of gaining understanding and insight.

[tunctioncloud]

I don't think so : an altcoin, whatever his technology may be will never defeat Bitcoin, because to elect the best crypto-currency, we look at how many people use it. No altcoin will ever surpass Bitcoin because the average people absolutely don't care about the internal problems, and I do not see any internal problem as of today. The branding is whatever matters the most, and good luck defeating Bitcoin's branding ! Most of the people that know some economical things knew about Bitcoin, but absolutely none about things like Ethereum or Litecoin. Good luck releasing something that beats Bitcoin on all the points, which is basically impossible if you conduct an IPO or an ICO.

Bitcoin only has a couple million users at best. A very small social network is 100 million users. I think we can get more users than Bitcoin. I had a million users for my CoolPage s/w in 2002 when the Internet was 10X smaller.

Btw, I never contemplate killing Bitcoin. Bitcoin will continue to be the on/off ramp to/from fiat. No altcoin will supplant that. Thus Bitcoin will remain the reserve currency of crypto. But in terms of scaling and adoption, yeah I think we can challenge Bitcoin.

The distribution is not going to be primarily ICO. And it is not going to be PoW either. And it is not going to be Steem's voting rewards. It is going to be something better.

My problem is not the ideas and design work, it is the hard slog of execution. Execution requires capital and larger development teams (but not too large just a few guys who are well focused and professionals). So we will need a small ICO at testnet stage (meaning in theory very high multiples of upside potential and this will need to be explained in terms of the ongoing distribution but I don't want to reveal that now), to get enough capital to hire some more devs to do all the ecosystem development work that has to be done. I can't do that all programming by myself. I am just hoping to be able to complete the development work to have something functioning at testnet.

Reading the following thread can give some insight into the knowledge I have gained from organizing the whitepaper:

https://github.com/cosmos/cosmos/issues/47

If possible, I would be interested in possibly hiring some devs from outside our ecosystem. Some professional programmers. Or perhaps working with IOHK as consultants (perhaps but I can't speak to any compatibility between Charles' operation and myself). Actually selecting and hiring devs is also a major pita.

Nice job you made me get interest in your project ! Bitcoin as the reserve currency is for me the best, maybe another altcoin could handle the current flaws of using it as a day-to-day payment system, but there's still some problems to solve, I could numerate them here if you want but I would not doubt that you are already aware of them. I think there's potential for your crypto-currency to grow in that field. At least also you're trying to get a small team of focused members and that's very too, and the total inverse of the Ethereum development team, which a disaster. The most catching-eye part is the way you will be securing it, neither by PoW nor by Steem (hopefully this is also a disaster), but by something new. I'd enjoy very much if you could enlight us a bit about this because I think you have something interesting under hood !

[iamnotback]

the current flaws of using it as a day-to-day payment system, but there's still some problems to solve, I could numerate them here if you want but I would not doubt that you are already aware of them. I think there's potential for your crypto-currency to grow in that field.

That is already covered in great detail in my paper. I don't want to release that detail prematurely for obvious competition reasons.

At least also you're trying to get a small team of focused members and that's very too, and the total inverse of the Ethereum development team, which a disaster.

Absolutely. I observed that mistake. And besides I already know that from working in real software development teams. For example, I was one of the 3 original programmers of Corel Painter (not Paint), the first software to ship in a paint can in the 1990s.

It is easier said than done to find a great co-developer. It is magic when it clicks. I have found that what you need comes to you when you need it. Trying to find it before you need it, doesn't seem to work.

I have to demonstrate some coding first. Great devs are attracted to leaders, who lead by doing not talking and giving commands.

The most catching-eye part is the way you will be securing it, neither by PoW nor by Steem (hopefully this is also a disaster), but by something new. I'd enjoy very much if you could enlight us a bit about this because I think you have something interesting under hood !

A creative person loves to talk about and share his creations, but I can't reveal my invention before it is ready to release (ICO) because of competition reasons. Sorry I can't tell you anymore than I have already written in the Decentralization thread.

And I better go back to working and stop talking here.  It would be best to stop acting like AnonyMint and more like Satoshi right about now. Which means more action, less talk.

Steem's biggest mistake is that voting from a collective pool can be Sybil attacked unless it is controlled by whales. I explained that in a blog:

https://steemit.com/steem/@anonymint/blog-rewards-can-t-be-widely-distributed

[tunctioncloud]

the current flaws of using it as a day-to-day payment system, but there's still some problems to solve, I could numerate them here if you want but I would not doubt that you are already aware of them. I think there's potential for your crypto-currency to grow in that field.

That is already covered in great detail in my paper. I don't want to release that detail prematurely for obvious competition reasons.

At least also you're trying to get a small team of focused members and that's very too, and the total inverse of the Ethereum development team, which a disaster.

Absolutely. I observed that mistake. And besides I already know that from working in real software development teams. For example, I was one of the 3 original programmers of Corel Painter (not Paint), the first software to ship in a paint can in the 1990s.

It is easier said than done to find a great co-developer. It is magic when it clicks. I have found that what you need comes to you when you need it. Trying to find it before you need it, doesn't seem to work.

I have to demonstrate some coding first. Great devs are attracted to leaders, who lead by doing not talking and giving commands.

The most catching-eye part is the way you will be securing it, neither by PoW nor by Steem (hopefully this is also a disaster), but by something new. I'd enjoy very much if you could enlight us a bit about this because I think you have something interesting under hood !

A creative person loves to talk about and share his creations, but I can't reveal my invention before it is ready to release (ICO) because of competition reasons. Sorry I can't tell you anymore than I have already written in the Decentralization thread.

And I better go back to working and stop talking here.

I understand all of that, and I do not take it as a lack of real backing. I am convinced that there is something interesting in your project, and it will be a pleasure to talk again with you once the testnet will be ready and that competition will no more be an issue to present your ideas. For now, get back to work and create us something that has a true potential in this ocean of mediocrity !