Everything is updated and payouts have been made. As a quick update. A friend of a friend works as a VC for a large electronics manufacturer that everyone in the world knows. We had a meeting 2 days ago and he likes eGoods and the entire concept, but he told me I'm missing 1 thing in order to get acquired or funding and that's something proprietary OR a large following. I don't have the money to promote to get a large following so, I'm going the proprietary route. I've always planned for Intracoin to have its own blockchain, but it looks like I'm going to have to move that timetable up.
Intracoin, once the blockchain is done will have these features to start:
Scalability - Will have transaction times that rival Visa (over 24,000 per second)
Security - Will be secure against the loss of funds (NOT HACKS as no one can know all of the exploits of such new tech, but I will maintain the ability to reimburse anyone for losses)
Insurance - Items purchased using IntraCoin will be insured against theft, dissatisfaction of services, etc. I won't have the manpower initially to handle all of the claims quickly, but I will do my best. The more people using the coin, the quicker I can get the help.
Mining rewards - It will be a POS blockchain so it will be environmentally efficient and responsible, it will also offer a competitive interest rate monthly for holders of the coin. Likely 1% compounded monthly with a 2% Intro rate for the first 6-12 months.
Low Fees - Fees will be around .2% for transfers. So that's $2 on a $1,000 transaction.
Since it's just me this will take some time. But I will keep interested parties updated. Thanks again for your support!
Hi there,
Thanks for the update.
According to the explanations provided, it seems that there is nothing much you could do in the short term for the missing thing to be in place. I hope you would find a way to implement what is needed.
Kind regards,
