*Update by dev 27th July*
This is the weekly status update from dev team, on our work for the phase-2, aka the decentralized p2p anonymous system (trustless system).
The implementation is going on fine, we've been making progresses each day. The system is very complex, there are 20-25 steps in the main scenario involving several multisig addresses and multisig transactions. The process is complex not only for the main scenario, but also in that there are many possible error conditions and "unexpected" situations that need to be handled correctly for each case, so the system will behave robustly in the real multi-threaded environment. This involves transaction creation, sign at different locations by different parties, transaction commit and reversal (in case of error conditions etc).
Many people asked for timeline for the phase-2 implementation, although in such complex software it is not easy to precisely provide the timeline, I will give an estimate based on the current progression. It is to note that unexpected things do happen, so please treat this estimate as an estimate, though I will tell you that I am pretty confident at my estimate, as I am the one who is doing the implementation, so I know this in every details and inside-out. My estimate is that the fully decentralized p2p anonymous system will probably be in test phase in about 3 weeks from now, plus or minus a week. Remember that the test phase means that all the implementations will basically be complete, and it will be running end-to-end. This of course means that there are still bugs to fix, and it is not releasable at that time. Usually it can be released after 1-2 weeks of testing. Also, after initial testing by the dev team, we will involve a few community members in the testing, so you can experience for yourself how the decentralized p2p anonymous system works and make suggestions to the features and usage from user's perspective. If you are interested in it, please post your intentions in this thread.
Again, SuperCoin and MammothCoin are great coins, the team knows clearly what they are doing. They do not hype the coins and give community un-realistic dreams, but they work hard to get the best done for the coin, and make the coin the most advanced one in all the alt coins. Please compare the feature set of Supercoin with some other high flyer coins, and see by yourself the features provided. Many of these high flyers are there not because of the advanced tech, but because they created unrealistic dreams and hypes among people. The unrealistic dreams and hypes will come to an end at some point. The Supercoin is real, it has concrete plans from the beginning, and the dev team did not miss any promises. This team has great track record, it delivers what it promises.
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