EUROPECOIN [ERC] 🌟 FINANCECLOUD 🌟 CRYPTOCURRENY & FINANCE API + SMARTHUB 🌟

[szenekonzept]

Tormorrow Hardware Lab Team Meeting




Topics:

the new uninterruptible power supply function and production start







watch out for report!
Good night everybody and have fun
Matthias


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[kimyoon]

This is a super idea, system in europecoin able to detect if there is a decline in mining as well as giving the user to commit wallets notification mine at least, this is very interesting, so they can keep blockchain keep running.

[szenekonzept]

This is a super idea, system in europecoin able to detect if there is a decline in mining as well as giving the user to commit wallets notification mine at least, this is very interesting, so they can keep blockchain keep running.

exactlly, and given low mining rate is always an opportunity to get some coins with virtually no mining power,
normal users will never miss that opportunity, because their wallets will jump in automatically.

have fun
Matthia

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[CryptoMarv]

The idea of the "Guardian" is good, but I am not 100% convinced to make this to a requirement for the term deposit:

1.
Who says that only running the wallet will be accepted as "work" from the US goverment?

2.
Who says that it has to be 60% of the deposit time? Perhaps 10% would be enough for the US goverment or perhaps 80% is not enough for the US goverment.

3.
I think the term deposit is one of the main features of ERC and very attractive for new users. But when the users have to open the wallet for 14-15 hours a day, this seems not to be very attractive in my opinion. Many "normal" user have not running their PC/Laptop so many hours a day and now they should keep it running the whole day only for the ERC wallet?

4.
Also it seems to be a little bit risky. For example I make a deposit for one year. And after one year I only have 58% running time because of holiday, pc was broken, forget to restart after crash, wallet hanged for some days and I don't recognised it, ... Then I don't get any reward for my deposit even I had my wallet running for over 5000 hours and my coins were locked for 1 year.

I would prefer a solution where the wallet has not to run all the time. But I also have no good idea at the moment when we don't know 100% what is accepted as "work".

[RataXes]

It's a pitty that you need to keep the wallet open, because the 'interest feature' was very low energy consuming.

Yeah.. my initial sensation was that this one kills it for me. If it goes to this then I'm with Rw13, maybe it should be removed.

It will stay low energy consuming, the wallet will have the same low memory footprint as before, just you have to leave it open.....

......

c) Keeping wallet open for a nearly improbable possibility to mine (which in a the rare case of happening would of course be rewarded extra)
     does not change the zero memory footprint of the Termdeposit function and we will find ways to also even eliminate the  given inconveniences.
    (lets "assume" a "third party" that is "not us" could start providing an uptime fake bot )

have fun
Matthias

Wallet itself may be low energy consuming, but it's just like CryptoMarv said: I should have my PC running 14-15 hours per day just for ERC wallet. I sincerely doubt that majority has their wallets (=PCs) running 24/7 * 60 % - I sure don't. Marv brought up other pretty darn good points and questions too. Especially #2. How did you come up with 60 %?

#4 is great point too. Win10 users will feel the PAIN of forced reboots behind users' back. I really hope this is indeed just a temporary solution, because this really kills it for me. I agree though, that Guardian as an idea is good.

[szenekonzept]

@Rataxe, of course Marv has some good points against it. Its not a "feature", what we are discussing, its a regulative workaround and its annoying.
I also agree with him that Termdeposit is a major, important feature. that should be preserved at all cost

Because we are having the Lawyer, who will check this concept for us, after we finished discussing it, i will try to get  the percentage down as much as possible, for sure.
This somehow  also answers your question, where the percentage comes from:  I  simply made it up as an example, taking into account, that users will at  least need a buffer.
they cannot  be required to be on 100%. All in all, i am not satisfied with this solution either. Its simply the only idea for now.
I am sure the will be something better  over time, any  idea is, as i said welcome, I can imagine  to find a job, that makes more  sense for ERC in the process of completing the Financecloud
over the next 8 weeks, lets see ...


Hardware Team arrived here tonight,
Tomorrow we will  start planning to go into production,

have fun
Matthias 


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[szenekonzept]

Hardware Team Report

.... and more







Hardware

We discussed the fact, that  the uninterruptible power supply would nearly double the price of the device,
plus the fact that in case of running additional harddrives, the  Capacitors would have to be quite hudge.


Solution

Given we are having even more  ideas with nice features to add we decided to go modular
That means for  our device

1) we are serving the basic version with a "clean shutdown button", that just shuts the device down orderly
2) We will design a much bigger  housing, to be able to add  modules.
3) We will from start offer a UPS, a remote device and other modules as optional components
4) We will also use the bigger housing, to provide best possible audio quality per default for proper voicecontrol


and we are having a timetable

1) right now designers are  working on the new housing
2) they have a target timeframe of two weeks
3) while i will integrate the audio, we will post design proposals from time to time
4) after two weeks the design decision will be made and we will send it to the tools manufacturer to build the forms
5) they will need about 1-2 weeks to make the forms and to provide the first 10 test-housings
6) we will use these for the test devices on the Malta Blockchain conference
7) at the same time the tool-makers are producing the hard-metal forms for the series production


some more new stuff to report

Richard a friend in Cologne, who works for Disney Marketing Germany will join us to take
care of the Malta Blockchain Conference presentation area

Ralf, a business friend will take care of overseeing my texts for the info flyers
and will convert them into understandable language for average users

Carlos (the guy, who made our beautiful stickers) and Richard will then take care of the graphics,
so we can start printing in four weeks.

Clock is ticking, we are approaching the exciting part of the project, i guess

have fun
Matthias


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[szenekonzept]

THATS IT

this  is the last update of our paper, you will ever see.
I am deeply moved by getting aware of that fact, can't be more exciting


DOWNLOAD HERE



we are getting real
have fun
Matthias


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[CRYPTONAIRE]

You are doing a fantastic job, mate.  Keep it up for the final stage.

Really looking forward to hearing your report from Malta!!

[szenekonzept]

You are doing a fantastic job, mate.  Keep it up for the final stage.

Really looking forward to hearing your report from Malta!!

Thank you very much!
Nice signature btw

have fun
Matthias


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[szenekonzept]

A Cryptocurrency Smarthub

read the new article here:


Press to visit:



have fun
Matthias 



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[meyer]

the project gets more and more visible 

[szenekonzept]

the project gets more and more visible 

I hope so, thanks
have fun
Matthias

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[Rw13enlib88]

Keep the good work Matthias!!

Europecoin is very unique!!

[szenekonzept]

Keep the good work Matthias!!

Europecoin is very unique!!

Thank you very much,
Nothing will stop us

Remember, Remember
we're public in November

have fun
Matthias


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[Serco]

The development of technology is increasingly rapid, with technology, everything will be very instant and easy as the presence of crypto makes it happen. I see Europe coin has a good system for managing finances in a network system, and the advantages of this product we can buy gold or silver for investment. It seems like this will be interesting if this project will be successful.

[szenekonzept]

1rst FINANCECLOUD API housing designs

A smooth metal top and an ABS bottom,
with plenty of space for modules, easy accessable by sliding ....






have fun
Matthias  


P.S.

The development of technology is increasingly rapid, with technology, everything will be very instant and easy as the presence of crypto makes it happen. I see Europe coin has a good system for managing finances in a network system, and the advantages of this product we can buy gold or silver for investment. It seems like this will be interesting if this project will be successful.

thank you, good description @Serco


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[meyer]

looks good...makes sense 

[mondeo.96]

And you do not care that there is only one pool for extraction?
Thus, the coin is vulnerable.

[szenekonzept]

And you do not care that there is only one pool for extraction?
Thus, the coin is vulnerable.

Of course i do care, but let me add some facts that may put your (legit) concern into perspective:

- many users are solomining, because with the right power, this is still possible

- we are having a protection against low mining rates and even against total collapse of such.
  Its named "bitbreak blockchain shield". Its a self developed combination of a double difficulty retargeting mechanism with
  TWO threads instead of the usual ONE thread.  These two threads are measuring on two different  points and are checking against each other.
  In that way they are able to detect hash-rate-anomalies. They can detect a to low hashrate as well as a to fast increasing hashrate.

 1) in case of an increasing hashrate, Bitbreak is raising the difficulty in realtime to prevent attacks
  2) in case of a drop, it is activating a cloud of mini-mining threads located in each and any wallet, to keep the blockchain moving.


having explained the technical part, now let me also address the strategic aspect of your question:

As i said, we do care about the spread into more pools and this is not only the case for pools,
but also for exchanges. So here are my thought:

- at the current state of the over all market, in the same way as most of our fellow coins,
  we have suffered from the all over market drop. Of course this is not the position to make listings on exchanges or pools,
  attractive enough, to negotiate with them.  Best moment to advertise listing is, if you are going up and they can expect decent profit.
  Most coins had an ICO and are mostly buying into these exchanges or pools (which is ok), but as a takeover project, we do not have that option.

- in terms of this market situation, i do not feel, we should worry to much at this point, given our first public presentation of the FINANCECLOUD API is in 7 weeks.
  I am confident that the FINANCECLOUD API will, as soon as published, convince the world enough to give us our  position and adoption, we deserve.
  
  about Financecloud API: PRESS HERE

  



So given we are not that totally vulnerable (though you never know) and given we are just about to create the heads-up we need,
i am focusing on the current development and on preparing the event. Be assured, after we went public on the first of November
and after i returned from Malta, we will take care of the stuff, that is missing and we are then starting the campaigns, needed. (As we always did)


Ah before i forget:

As a takeover project, that is to 100% financed by my personal funds, of course any help, other than money is highly appreciated.
So if you are having any connections or partnerships, to get us listed on either pools or exchanges, we are more than happy to collaborate.
You can in return, expect a high response time and us treating your partners with an professional approach and with respect. If you are unsure,
just pick one of our partners randomly and feel free to ask any of them about their experiences.

i hope i was able, to create some more confidence about us
please ask more questions at any time
have fun
Matthias


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