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Bitsend is in search for a skilled designer for the Checkcoin mobile wallet (iOs/Android). They have taken a lot of time for this because they only want the best, someone that fits the budget but who also can make a high standard product that is perfected in the small details. For this they are in conversation with at least 3 companies in The Netherlands, Flitsmeister as advisor, Fourdigits and Dezzign for the designing. More news about this in future updates.
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So, in short, the development for which the IPO/CKC occured , hasn't even started despite the/your marvellous roadmap flyer, please clarify what were the BTC you collected used for exactly ? The main effort and purpose of the btc you took was on the mobile target with the gps features. do you confirm there is not yet a single line of code except that darkoin desktop copy/paste ? Was the funding round supposed to fund the "three conversations" ? it is a great beginning, yet , but which should have taken place before any OP...
The team has been giving presentations to several interested companies and institutes with the goal to receive investments in future development stages of Checkcoin. This they want because it may be possible to increase the possibilities and functionalities of Checkcoin substantially and on top of the software that is currently being developed. Such enhancements will cost a lot of extra funds and are only possible to develop with the help of investors. The release of the first CKC GPS-enabled wallet is not affected whether they succeed in this or not, the team is looking way further into the future and developments won't just stop after the first release. At least they don't want to. A creative mind could think of hundreds of applications that could be build around the Checkcoin system and Bitsend is willing to explore these opportunities.
Oh... so basically, you are now telling that the IPO round and related supposed development requires a secound round of funding to be valuable.
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In the first few months after Checkcoin was launched some concerns were raised about GPS-spoofing where a user creates a GPS signal without actually being physically on the location. Bitsend is in talks with several GPS/GPRS developers about the security of the Checkcoin network. To use Checkcoin GPS system, users will need to have a smartphone or device with Assisted_GPS. This system is verifying the real location of users using cell tower data. (
http://en.wikipedia.org/wiki/Assisted_GPS) This way it will be impossible for users to fake a location and grab the offered coins from faucets from behind their computer elsewhere. This is extremely important and for Bitsend the challenge is in finding the right people to implement the system in the app. More news about this in future updates as well.
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i'll give you a hint : A more relevant security threat : it is so easy to create several wallets/adresses on the same device. I would go to one spot, and mutliply the rewards iby the number of wallets in my virtualized android boxes. Enjoy.
Last but not least for now:
The guys from Bitsend will donate 50,000 of their own Checkcoins for community events and bounties. Soon community members will be able to earn CKC's either by simple tasks or by winning contests. I will make a public ledger for spendings per campaign on the CKC forum. If you have ideas for a bountycampaign or have a task that needs to be done for Checkcoin, welcome to contact me (BTCat). I will donate 10,000 CKC myself seperately for small costs that I make on the way, I might need to hire some help once awhile. Stay tuned for more updates about these bounties in the coming week.
Does that come from an hidden extra premine or did they buy their own IPO ?
