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Author Topic: [ANN][EPESO] - E-Peso Initiative | Philippine Government-backed  (Read 66520 times)
karmala
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November 11, 2014, 10:12:21 AM
 #261

hello devs, how are you doing? Please give a live sign.

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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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bigeliphant
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November 11, 2014, 07:28:00 PM
 #262

Will this be the main page when the coin goes up? I'm going to follow this every week day by day. Shocked

they dont learn you laws at school, just rules.
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November 11, 2014, 07:50:04 PM
 #263

Will purchasing viacoin make me e-peso's? Huh

they dont learn you laws at school, just rules.
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November 11, 2014, 10:44:05 PM
 #264

Hiya, gimme a few more and I have another forum where I can give it away for free. I can't say which one since I'm just a member, but there are some pretty big hitters there, and a whole bunch of pinoys as well.

Let's talk about it later on. We still need to do something else.

When will we see the Faucet?
what's the next plan of dev team after the free distribution?

The faucet is still under development, which has taken most of our time. In fact, we may have to ask for more budget from our government client. Our main problem is how to discern if the wallet recipient is Filipino. Also we plan to send out epesos to 10,000 to 100,000 addresses.

After the distribution, we plan to test how holders will use epesos in a local environment (for example, one village). However we need to build simple infrastructures in order to enable that (over-the-counter exchanges, merchant acceptance, etc). We have been studying Hullcoin, so we look at that for guidance.

when will this be ready for trading

I've been reading the threads here at Bitcointalk. It seems the culture here is to acquire as much crypto-currencies by mining or by purchasing large amounts in order to "dump" to unsuspecting buyers. I'm sorry to say that exchange listing is the least of our priorities. We want this to work.

True but EPESO distribution was free and it needs some time to be valuable...

Right, and I'm not sure how that would ever happen.

If a government entity wants to create a Crypto currency that is official or somehow tied to or backed by their actual currency, they aren't going to BUY some existing tokens.

They are going to issue Tokens and require that they are purchased with Fiat pesos. They would have full control over the tokens population.

So, that said, I'm pretty sure this would be a prof of concept token which the apps, etc, are written to use. But, if those assets are accepted/acquired they would be switched to the officially backed government token.

If the Dev thinks or implies that these tokens would become the actual tokens I really think he is mistaken. If anything, the Gov't would "pay" him for any Software that he creates which they could then brand, sign, and tie to their official currency asset token. They also might hire him to help maintain/enhance any other infrastructure they require.


The congressional bill calls for 1 billion units, not 100 million units. If the government adopts epeso, they will probably issue 900,000,000 units more. Being an internet money, no entity can control its migration. The Philippine government can only guarantee 1 epeso per 1 php exchanged within its borders and its banks, but they cannot control its exchange outside its borders or in the internet.

Like we stated in the OP, we or the government may/may not compensate beta-users of epeso. We don't know. However, if the cost of building new infrastructures for a replacement token is greater, then, who knows. For example, total value of infrastructures built is $400,000, then every 250 epesos is equivalent to one US dollar (why start from scratch?).

The software is already paid for. We don't hold the rights.

UPDATE:

We are still developing the faucet aimed at distributing to Filipinos. The free distribution have been slower at the other online community. It seems that most crypto-enthusiasts are already here in this forum. In that light, we will probably need to explain the concept of crypto-currencies to other Filipino communities.

If you're not happy with the free epeso given, I suggest you return it so we can give it away to someone else willing to participate.  

                                       S O N M   -   ICO: June 15th until July 15th                                      
FOG COMPUTING & BLOCKCHAIN           [Whitepaper] [Business Overview]
BitcoinTalk | Reddit | GitHub | Slack | Twitter | Facebook | Google Groups | Telegram | Medium
karmala
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November 11, 2014, 11:18:37 PM
 #265

Thanks devs. There are not only trolls in crypto. Keep on the good work!

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November 12, 2014, 01:42:17 AM
 #266

Thanks devs. There are not only trolls in crypto. Keep on the good work!
thanks for update from the dev,
it is better to have a good communication between us.

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November 15, 2014, 09:35:29 PM
 #267

see this
https://www.youtube.com/channel/UCj2MHkYHm9zOJhsSqoqM2Ng

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November 16, 2014, 06:09:32 AM
 #268

So, we have just wrapped up our free distribution at https://stellartalk.org/topic/6166-e-peso/?p=65588 and we are now moving to other online Filipino communities to distribute.

FAUCET:
We've just begun to study how to implement php faucets to Clearinghouse daemon. We have installed XCH servers on Linux machines which helped speed up the free distribution.

MOBILE WALLET:
Clearwallet is in active development - changing every three days or so. We need to be agile and implement a fast workflow to update the soon-to-be-released mobile wallet. Right now, we're studying the Python scripts and planning to modify it for ePeso purposes only.

VIACOIN / CLEARINGHOUSE NETWORK:

We discovered that the current state of the network only allows roughly 8 transactions per 30-60 seconds - much less when there are few active miners (We are aiming for 2,000 transactions per second for a viable national network). We assume miners are turned away from the current price of Viacoin and Clearinghouse coins, hence, the lack of miners. It seems that the network is under-valued or dying.

We also assume that if the network gets more miners and becomes more secure, the number of confirmations allowed in a specific time range will improve. Until then, ePeso cannot be adopted in a nation-wide level.

We sincerely hope that any revolutionary development in Viacoin will change the current state.

                                       S O N M   -   ICO: June 15th until July 15th                                      
FOG COMPUTING & BLOCKCHAIN           [Whitepaper] [Business Overview]
BitcoinTalk | Reddit | GitHub | Slack | Twitter | Facebook | Google Groups | Telegram | Medium
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November 16, 2014, 02:47:36 PM
 #269

So, we have just wrapped up our free distribution at https://stellartalk.org/topic/6166-e-peso/?p=65588 and we are now moving to other online Filipino communities to distribute.

FAUCET:
We've just begun to study how to implement php faucets to Clearinghouse daemon. We have installed XCH servers on Linux machines which helped speed up the free distribution.

MOBILE WALLET:
Clearwallet is in active development - changing every three days or so. We need to be agile and implement a fast workflow to update the soon-to-be-released mobile wallet. Right now, we're studying the Python scripts and planning to modify it for ePeso purposes only.

VIACOIN / CLEARINGHOUSE NETWORK:

We discovered that the current state of the network only allows roughly 8 transactions per 30-60 seconds - much less when there are few active miners (We are aiming for 2,000 transactions per second for a viable national network). We assume miners are turned away from the current price of Viacoin and Clearinghouse coins, hence, the lack of miners. It seems that the network is under-valued or dying.

We also assume that if the network gets more miners and becomes more secure, the number of confirmations allowed in a specific time range will improve. Until then, ePeso cannot be adopted in a nation-wide level.

We sincerely hope that any revolutionary development in Viacoin will change the current state.

suggest you PM btcdrak, or chat on freenode: https://kiwiirc.com/client/irc.freenode.net:6666/viacoin-dev

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Viacoin | ClearingHouse
btcdrak
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November 16, 2014, 09:49:12 PM
 #270

So, we have just wrapped up our free distribution at https://stellartalk.org/topic/6166-e-peso/?p=65588 and we are now moving to other online Filipino communities to distribute.

FAUCET:
We've just begun to study how to implement php faucets to Clearinghouse daemon. We have installed XCH servers on Linux machines which helped speed up the free distribution.

MOBILE WALLET:
Clearwallet is in active development - changing every three days or so. We need to be agile and implement a fast workflow to update the soon-to-be-released mobile wallet. Right now, we're studying the Python scripts and planning to modify it for ePeso purposes only.

VIACOIN / CLEARINGHOUSE NETWORK:

We discovered that the current state of the network only allows roughly 8 transactions per 30-60 seconds - much less when there are few active miners (We are aiming for 2,000 transactions per second for a viable national network). We assume miners are turned away from the current price of Viacoin and Clearinghouse coins, hence, the lack of miners. It seems that the network is under-valued or dying.

We also assume that if the network gets more miners and becomes more secure, the number of confirmations allowed in a specific time range will improve. Until then, ePeso cannot be adopted in a nation-wide level.

We sincerely hope that any revolutionary development in Viacoin will change the current state.

Nice work on the faucets. I am very very interested to hear about the mobile wallet you are developing!
Regarding mining, this is somewhat correlated to price, and somewhat perceived price potential at least. This is because miners need compensation for their work to cover costs and will tend to mine whatever is most profitable for them at the time.
Regarding tps, no blockchain can currently scale to 2000 tps. Bitcoin is about 7tps with current blocksizes, and Viacoin, assuming we were to use the same 1MB blocksize would be 175 tps.

Treechains should allow scaling to very large numbers but this is still under research and development.
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November 16, 2014, 09:59:15 PM
 #271

Anyone running the clearinghoused, there is a new version to upgrade to now.
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November 18, 2014, 12:41:07 PM
 #272

Interesting stuff.
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November 19, 2014, 01:31:11 AM
 #273

NOW do we have be online on any exchange?

karmala
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November 19, 2014, 04:53:30 PM
 #274

NOW do we have be online on any exchange?

well, its in our hands I would say. We could ask bter and Polienex to add ePeso. They allready implemented XCH which is the same tech. Should we start a campain?

edit: you can trade it on the DEX clearinghouse allready now.

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November 23, 2014, 10:59:02 AM
 #275

How do I sell this?

What is the point of this if it's never going to hit any exchange?

Clearinghouse don't even have Epeso/Via market anymore.

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November 23, 2014, 05:51:56 PM
 #276

How do I sell this?

What is the point of this if it's never going to hit any exchange?

Clearinghouse don't even have Epeso/Via market anymore.

You can create any pair you want in Clearinghouse.
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November 23, 2014, 06:05:42 PM
 #277

how do i get thw coins

DID U MISS ME  I'M BACK


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November 23, 2014, 06:06:52 PM
 #278

is there is any exchange for this coin

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November 24, 2014, 05:40:10 PM
 #279

is there is any exchange for this coin
no there is not any exchange for this coin
i think its already dead

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November 24, 2014, 07:07:38 PM
 #280

is there is any exchange for this coin
no there is not any exchange for this coin
i think its already dead

It's not a coin, it is a Clearinghouse asset.

You can trade it in the Clearninghouse wallet.

As has been said, this is a proof of concept. It's amazing how many people expect something for nothing and complain when they don't get it.
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