USDe, WIDE AWAKE (and still THE DOLLAR, IMPROVED)
Hey guys! Just so you know, despite you probably taking notice of tens of new coins entering the scene (different spins with questionable IPOs and such) - the USDe Dev Team is still here and plugging away! We've recently released 2 updates, one introducing the Kimoto Gravity Well and another to remove the bonus superblocks. It appears that post-fork dust has settled and that we were able to reach every USDe service provider out there. Thank you for staying with us. We equally appreciate users who are active as well as those who are silent and keep track of the developments here on this board.
As more coins pop up left and right and with a large portion of the crypto community focusing on quick profits instead of long term investments, retaining a strong base of contributing community members can be challenging. Thankfully many of you are not here just to pump and dump and we want to reiterate that we are here for the same reasons. We’re directing a project with integrity, with long term goals, that isn't backed by a 50% premine, IPO or developers who have previously led pump and dump crypto projects. This is something we want to last, something we want to grow.
Recently, there have been many mixed, but mostly negative views in the media regarding the security of Bitcoin and cryptocurrencies in general. We have seen some concerted efforts by large media outlets to discount cryptographic currencies as scams, warning investors against their volatility and how thousands of Bitcoins have been stolen from vulnerable exchanges. We, as an open-source community have many challenges to face -- P2P currency has irreversible cash-like properties, is decentralized by definition and has no insurance against loss. In our opinion, the community should, and likely will address these important issues by coming together and establishing bullet-proof security standards for all coin developers, exchanges and service providers to follow. It’s our firm belief that these standards should be established by our community rather than some government entity who doesn't understand the technology and ultimately wants control. But this is a topic we can elaborate on in a future post.
Given this recent news and the resulting slump of Bitcoin prices, we would like to remind everyone what USDe is, why it was created, and some of our future plans.
ABOUT THE NAME...
Some have asked why the USDe stands for the Unitary Status Dollar eCoin. Luckily it’s a short answer! Our domain name, usd-e.com was registered first. Obviously, to start a currency with USDe in its name, we had to define its acronym. For legal purposes, we chose to call it the Unitary Status Dollar eCoin.
Unitary = Unified, Uniting, Bringing Together
Status = State of Affairs, Current Position, Territory
Dollar = Used in 20+ Countries around the world and commonly used to describe currency and/or bank notes
eCoin = Electronic, Enhanced Coin
Aside from the values of integrity, honesty & transparency that USDe was founded upon, USDe has the benefit of globally recognized name. Ask yourself this, which coin do you think the average consumer can identify with, an “IX3” coin or the Unitary Status Dollar e-coin (USDe)?
WHO’S BEHIND USDe?
As a team, we know that we have nothing to hide from the world and thus we are not concerned with sharing our real identities with the world. The one thing that is still up for decision is when we release this information.
One suggestion is to make our short bios available on a new, re-designed usd-e.com Web Site. Yet another is to hold off on releasing this information until we see our community step up by donating funds, talent, time and resources for USDe, even with the price fluctuations that may make USDe seem less rewarding. We are, after all a peer-to-peer, completely voluntary network that is decentralized. The founding board members can only help to steer the collective efforts.
WHAT DO I TELL OTHERS ABOUT USDe?
In the evolving field of P2P cryptographic payment methods, which is unfortunately littered with effortless clones that hold no meaning outside of extracting wealth from speculators, we like to think of USDe as a currency with a greater purpose. The goal is to bring together not only those among us who are already familiar with the benefits of decentralized currency, but your next door neighbors, family members and people who are not aware that the old, tangible currencies can be replaced with an improved secure currency.
We aim to unify the crypto community under one umbrella. USDe would like to see a stable, fast and safe currency backed by a team that can be trusted, with clear motives that are honorable. Long-term, as cryptocurrencies gain wider acceptance, USDe, with its reasonable amount of maximum coins and fast transactions has a viable chance of becoming the de facto currency for digital transactions online and in the real world, in the U.S. and worldwide.
We welcome all users, including those who have unfortunately learned the hard way by being burned by con artists from other coin projects! The difference that we offer is honest effort, transparency, commitment and longevity. You will not see us abandon this project, as the USDe Coin simply has too much potential!
WHAT’S COMING UP?
The first of three scheduled 50% block reward reductions is coming up in a few weeks. We expect the rewards of USDe per block to drop to 2,000 USDe at the end of this month (March 2014). The market and USDe’s price is likely going to react positively as the harder a coin is to mine, the higher its perceived value becomes.
FUTURE PLANS
USDe is subject to some of the same guidelines established by the community (i.e. inflation rate, profitability calculators, how attractive the graphics are, how active the community is, how many services exist for the coin, etc…), which means that we have to compete with other projects that this community is exposed to on a daily basis.
Priority #1 for us is to make sure that our branding is clear, concise and consistent in all media and social platforms anywhere information about USDe is shared. Once our Web presence is crisp and presentable to the masses, with easy to use instructions for the general public to understand, we will approach investors to inject funds into the project. The funds will be used for original content (satire, failed monetary policy discussing blogs & artwork) and for marketing (social media, SEO, videos, etc...)
USDe NEEDS YOUR SUPPORT
We don't want to mislead anyone or pretend & over-promise that we have every ingredient necessary to make all of our plans happen quickly and on a shoestring budget. If we have miners, true supporters and believers in this project, now is your best opportunity to step up!
If you can help us, we need 4 things to get our traction back:
1) WEB & GRAPHICS - A skilled Web and/or Graphics Developer who is willing to work closely with us via Skype to re-design our Web Site, banners, ads, headers and such. If you are not one, but know someone or would like to do some leg work to help us find one here on bitcointalk, we will appreciate it!
2) FRESH IDEAS - thinking outside that box, how an existing project can uniquely separate itself from others - this could be a feature in the wallet or technology, or a fresh marketing idea.
3) MOBILE ANDROID WALLET DEV - We still need to find a reliable Android DEV that we can work with to re-release the USDe Mobile Wallet for the Android platform - BUT if you happen to know of, or about an IOS / Windows DEV capable of the same for either platform, please pass their information along to us.
4) INVESTMENT - If finding people to donate their time to help USDe with graphics, web & mobile wallet development is fruitless -- we will need to hire them. Given USDe's current price, spending USDe for bounties is probably not the best decision (remember, we were at 500 Satoshis at one point!). If you have BTC or $ that you can donate to help us pay for USDe's growth & service development, please let us know what you are able to contribute. We will be sure to publicize exactly how donations are spent.
Stay tuned for further updates!
Go USDe
once more..
