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[Crypto0429]

Can you please clarify a few points?

When was your patent officially filed? Can you share a link to the application? How does your patent compare to MasterCard’s patent? Lastly, how does LNDR compare/compete with Ripio Credit?

[Crypto0429]

Tony H.
@GreatBambin0
·
14h
Replying to @blockmasonio and @github
hey guys does this mean app is close to production and release this week?
1
1
BlockMason
BlockMason
@blockmasonio
·
22m
Yes, the app is launching this week.
1




Can’t wait to use the app that is launching this week!!

[BlockMason]

Can you please clarify a few points?

When was your patent officially filed? Can you share a link to the application? How does your patent compare to MasterCard’s patent? Lastly, how does LNDR compare/compete with Ripio Credit?

To answer your questions related to patent - we won't be sharing detailed information about the patents except with strategic partners and only under an NDA. They will be published at some point and publically available but only after a lengthy approval process.
At Blockmason we've built a system for recording credits and debts through double confirmation and this is the specific patent we're applying for. This allows individuals and entities to tap into existing mechanisms for debt transactions without the red tape of banks, lawyers, and other trust institutions.

To answer your last question - Lndr is Blockmason’s first app built on the Credit Protocol. The basic idea behind Lndr is a permanent, immutable and double confirmed debt between two friends on the blockchain.
Rippio Credit Network is a global credit network based on cosigned smart contracts that connect /lenders and borrowers.

I hope this helps, and thank you for your support!

Elvina @Blockmason

[rafzalan]

I cant understand difference between dblconfirm and cosigning, for me both BlockMason and  Ripio are working on the same idea but with different approaches, Ripio want to develop lending apps (someone need money and another sell him with interest rate ....) it is an old idea but with new implementation, but BMs are working on a community app that anyone could use it to write credits (more generic).

I like BlockMasons here is why:
1- BMs have better development team and a clear idea about whole ecosys, they are programmers that are trying to program but Ripio like many others are financials, bankers or managers that are trying to develop software.
2- BMs have a working product with a marketcap of $15,297,566 but Ripio's marketcap is $69,274,489 without a working product
3- BMs are trying to capture US market, and I think they know how to do it.
4- BMs know how to present their product, they already had very good decisions (being on mobile + telegram stickers + patent)

[Crypto0429]

We need the app release please!!! Or at least I do! That way I can stop having to remember who owes me money!!!

[BlockMason]

Yesterday the Lndr UCAC was successfully deployed to the mainnet. Since then our developers switched the app to start using the mainnet UCAC and have been going over everything to make sure weird bugs didn’t pop up. Today we’re ready to allow a limited group to use Lndr!

Our ideal Lndr app user notices details, is interested in blockchain tech, and is keen to share their Lndr experience with the rest of the community in the form of posts, screenshots and videos if possible. We select users across a spectrum of geography, language, and platforms (iOS and Android) and will give preference to those who have been active in helping improve the awareness of BLOCKMASON and Lndr.

If you’re interested in using the app and reporting back to us on your experience, please contact us at info@blockmason.io. Please include any relevant experience, your twitter and social media handles, and the make and model of your phone.

// Blockmason Team
To see the original post, follow the link: https://announcements.blockmason.io/app-testers-needed/

[d7f/e8rtg8g78s]

Omg BCPT announced on bittrex !!!!!  Time to stack a lot guys 

https://www.reddit.com/r/CryptoMarkets/comments/7f96qa/poe_bcpt_eng_going_on_bittrex_proof/

Have fun buying at this free price !!! This is 100 % confirmed news ENG was just aded on bittrex FEW MINUTS AGO !!!! Time for BCPT to pump above the 60 % !!!!!

[rafzalan]

Omg BCPT announced on bittrex !!!!!  Time to stack a lot guys 

https://www.reddit.com/r/CryptoMarkets/comments/7f96qa/poe_bcpt_eng_going_on_bittrex_proof/

Have fun buying at this free price !!! This is 100 % confirmed news ENG was just aded on bittrex FEW MINUTS AGO !!!! Time for BCPT to pump above the 60 % !!!!!

This is a 5 days old leakage

[BudaCoin]

Omg BCPT announced on bittrex !!!!!   Time to stack a lot guys  

https://www.reddit.com/r/CryptoMarkets/comments/7f96qa/poe_bcpt_eng_going_on_bittrex_proof/

Have fun buying at this free price !!! This is 100 % confirmed news ENG was just aded on bittrex FEW MINUTS AGO !!!! Time for BCPT to pump above the 60 % !!!!!

Just because a token goes into that test wallet doesn't mean it'll get listed. You can see even a confido token went into that test wallet. The Team also has a no exchange speculation talk policy in their telegram chat. They do not answer any exchange speculation questions, and proactively delete exchange speculation messages in their chat. Continued offenders even get banned.

[BlockMason]

Ethereum and the Network Effect

Building the Credit Protocol on Ethereum wasn’t a no-brainer for the Blockmason developers.  We struggled with the decision of whether to use Ethereum, to customize Ethereum or another blockchain and run our own chain or to start from scratch.  There were various trade-offs no matter which option we chose, but ultimately we settled on Ethereum.  While we still are open to at some point shifting the Credit Protocol to a different chain or rolling our own, the main thing that helped us make our decision to use Ethereum and keeps us on Ethereum to this day is the potential for gigantic network effects.

There is a very large amount of developer resources being thrown at Ethereum currently.  Whether it’s the various ICOs (hopefully) building their projects on Ethereum, the Enterprise Ethereum Alliance or other companies doing more traditional startups using Ethereum, Ethereum is going through a massive onboarding process and it’s not simply individuals buying and holding Ethereum. The scale of development and what’s happening is unprecedented.  Bitcoin never got close to this kind of attention development wise. 

So how does this all help Blockmason and the Credit Protocol we’ve built? One example is when people start storing identity information on Ethereum, that information could be incredibly important for specific credit applications. That information can be used to determine the eligibility of someone that will be given credit. It also makes it easier for less sophisticated entities to give out loans, because now they don’t need access to specific credit checks only offered by big corporations.  Instead, they can simply apply an algorithm to information that is easily accessible.

It's also helpful to have assets stored on the same chain so that those could be used for collateral, if for instance you wanted to take a loan out based on those assets or loan at one asset for a different asset or currency built on Ethereum.  In order for this all to work it’s ideal that there is the interconnectedness of everything like it is on Ethereum.  There are a lot of proposals for connecting all the different blockchains, but so far all these efforts haven’t produced much.

Another interesting facet of this network effect is when people are using different protocols for their debts and credits, there is a possibility of reading all that information and then using it to evaluate an individual’s credit score.  So the Credit Protocol could use information from other credit and debt applications running on Ethereum, this would be much more difficult to do if it wasn’t directly on the same chain with them.

With all of this (potentially) going on, it makes it a much more difficult choice to run the Credit Protocol on its own chain.  Running it on its own chain starts to feel like running your own LAN instead of being on the internet with everyone else.  That’s not to say that there aren’t trade-offs that one day might make it a better option to run on an isolated chain.  Ethereum has a lot of work to do to increase scalability and speed.  If the Ethereum network starts to experience serious congestion issues and another chain can solve these issues the decision to move becomes a lot more clear cut.  Storage is also another issue, with Ethereum it’s extremely expensive. 

//Blockmason Team

*To see the original post, please follow the link: https://announcements.blockmason.io/ethereum-and-the-network-effect/

[BlockMason]

Here is our tech update for today, and we hope it finds you well!

Credit Protocol Updates

Added nonce to IssueCredit event.

Replaced ucacId with ucacAddr as the unique identifier for UCACs.

Improved the tokensToOwnUcac functionality.

Lndr Updates

Updated server to automatically register transactions without waiting for the IssueCredit log to appear in blockchain to improve the speed of the app.

Implemented several bug fixes for the app UI.

Documented the key generation, message singing, and server verification for Lndr and future CP dapps.

//Blockmason Team
*To see the original post, please follow the link: https://github.com/blockmason/dev-updates/blob/master/2017-11-30.md

[rafzalan]

Waiting for reviews , screenshots and videos from testers.
It is currently one of the first applications on ethereum for everyone, everyday usage , but free of any charge.
Your future YouTube channel will get a lot of likes.

[rafzalan]

All ppls would get a way to write credits free, forever, amazing.
Only think about unlimited number of usages that this app could have in neat future.

[casinobonusgiveaway]

BCPT looks very good, there is rumor says that BCPT will be listing on bittrex very soon, is it real? I see bittrex's inner account tests the wallet. So this is the rumor or real?

[Departure]

I sent a request for participation in the testing, but there is no answer yet. I believe that the project has a future.

[rafzalan]

BCPT looks very good, there is rumor says that BCPT will be listing on bittrex very soon, is it real? I see bittrex's inner account tests the wallet. So this is the rumor or real?

It is already on binance, bittrex haven't any advantage vs binance. Bittrex have closed alot of accounts without reasonable reason or warning.
BlockMasons are working on ShapeShift, i think being there could be a big advantage for BCPT

[BlockMason]

Here is our development update for today.

Credit Protocol Update

We switched from having users confirm transactions directly with the smart contract, to having them sign the transactions so that any 3rd party could submit them (only if the signatures were valid). This update to the CP contract was deployed today.

Lndr Update

Transactions are now signed and submitted to the server, which sends them to the blockchain, retrying if necessary. This means that from the user's perspective, debt confirmation is instant.

// Blockmason Team
*To see the original post, please follow the link: https://github.com/blockmason/dev-updates/blob/master/2017-12-01.md

[BlockMason]

How does the Credit Protocol deal with enforcing debts?

TL;DR:

• Many of our the Credit Protocol fans and users are wondering about debt enforcement.
  The Credit Protocol is a base platform that enables third parties to build lending apps.
  The “Trust” and “Enforcement” are functions of the apps built on top of the Credit Protocol.
  Similar to how we trust Amazon delivery — which is built on top of a base protocol (HTTP).

Summary Detail:
How are debts enforced on the Credit Protocol? We get this question often.

Actually, the Credit Protocol (CP) is the base mechanism that enables other parties to build functional and trusted dApps (decentralized apps) on top of its core abilities. The function of the CP is to build the train tracks — so you (and others) can build the dApps that run on top of it.

The elements of trust, security, and enforcement will vary with the types of debts. For a lunch between friends it will be different than a car loan or a home mortgage. For a pair of concert tickets between strangers, different measures are needed than taking out a college loan. For this reason, various dApps built on top of the Credit Protocol will have their own enforcement mechanisms, and marketed to consumers and lenders as such.

More / Technical Detail:

The Credit Protocol is a protocol that stores credits and debts on the blockchain between two parties. These debts are stored with a memo indicating the reason for them. In order for these debts to occur, both parties need to cryptographically authorize the debt and credit. Notice until now we’ve said nothing about what kind of debt is stored, what currency the debts are in, what kind of debt it is, how large the debt is or what types of entities the debts are between. That’s because this type of information is separate from the protocol.

The idea behind protocols is that they are simple and broad. One of the most common and well-known protocols http (Hypertext Transfer Protocol) performs the simple and broad task of enabling data to be transmitted for the world wide web. Notice that it doesn’t say how you can guarantee Amazon will actually ship you a book after you paid for it online. Other entities are responsible for building Amazon, other entities are responsible for the payment systems enabling online purchases through Amazon, other entities are responsible for the law enforcement should Amazon decide to take your money, but never deliver the product.

The Credit Protocol functions in a very similar way. It allows dApps to be built on it and hooked in through UCACs (use case authority contracts), but those dApps are not controlled nor governed by the Credit Protocol. Through those dApps different businesses can build their own debt or credit businesses, or fun projects and it’s up to these businesses and the laws governing them to figure out enforcement when someone doesn’t pay their debts.

For example, if a bank started using the Credit Protocol to record debts it gives out, because of the reliability of the blockchain, that bank would still use the same mechanisms it does today to enforce that debt. On the other hand, if the bank started doing cryptocurrency collateralization, it would still be subject to the same lending laws it is today, but would be able to enforce debt non-payment by seizing those cryptocurrency assets used as collateral (within the specific laws of the jurisdiction of the bank).

None of this enforcement specifically involves the Credit Protocol. All enforcement is done by the businesses built atop the Credit Protocol and they are subject to the same regulations as other lending businesses.

//Blockmason Team

*To see the original post, please follow the link: https://announcements.blockmason.io/how-does-credit-protocol-deal-with-enforcing-debts/

[Randian Hero]

Dear admins. I tried to download your whitepaper but after going to this page by your link I get the Error 404.
https://blockmason.io/cp-whitepaper/Introduction-amp-Features/
Please, check it. The whitepaper should still be available even if the ICO is over.

[BlockMason]

Dear admins. I tried to download your whitepaper but after going to this page by your link I get the Error 404.
https://blockmason.io/cp-whitepaper/Introduction-amp-Features/
Please, check it. The whitepaper should still be available even if the ICO is over.

Hi Randian, thank you for your note! Here is the link to the whitepaper: https://blockmason.io/cp-whitepaper/introduction-and-features/
Can you please let us know what website did you try to download it from, so we can update the link if necessary?

Thank you!
Elvina