To our first e-mail update for the Internet of Coins project. In light of our upcoming fundraiser, we would like explain to you what to expect. Because we aim to be transparent in our communication: if you already frequently visit our Bitcointalk forum thread, read our weblog, watch our vlogs, read our opinion pieces and comb through our tweets, you won't miss out on a thing. If you don't, these e-mails will provide a nice packaged bundle of information regarding the progress of the Internet of Coins project and the latest updates regarding the upcoming fundraiser, starting March 21st. We will update you once per week.
Quick recap: what IS Internet of Coins?
Internet of Coins (IoC) is a platform which allows you to trade digital assets and currencies peer to peer, with an easy to use interface and the opportunity to earn fees from each other by participating in the network. Under the hood, we have been building the client to support the different currency systems for the past two years. The first deliverable is the wallet to control them, arriving this summer. It supports Bitcoin, Ethereum, NXT, Counterparty and LISK out of the box.
Next week, we are starting developer vlogs to keep everyone update on the parts under the hood. The biggest update right now is that the LISK chain has been stabilized and interacts properly with the wallet API. Many thanks to LISKs Max Kordek for his support on this. We are in the process of finishing up the alpha to ship it to our test group in the Netherlands. You can find our published code here.
Last week we were featured as keynote speakers at the Blockchain Expo London. We'll be uploading the video to our youtube channel. In the meantime, several additional crowdfunding listing sites have contacted us for interviews. Currently, we are listed at Cyber Fund, and expect to be popping up on more places across the web soon. Translations are being set up, so people can view the site and the client in their local language. We welcome Marjon, our new Translation Coordinator for this.
Joachim recently wrote an article about our foundations philosophy, which gives an impression of our line of thought with the foundation. Fun fact: the guys at Matthias Klees' Federated Blockchain Initiative already made a nice shoutout in their latest animation about EuropeCoin, one of many tokens that will connect to the Internet of Coins.
Ways to support
Love the project? You can help out by giving it a *Star* through your Twitter account on Cyber Fund. We are setting up bounties for our social media ambassadors as well. More on those next time.
Thank you for taking the time to read our updates,
we´ll be in touch again next week!
The team behind Internet of Coins - Amadeus, George, Jelle, Joachim, Marjon, Matthias, Pim, Robert, Sergey and Steffen
During the inception of decentralized, blockchain driven ledgers, many developers in the early blockchain scene had a clear vision in mind. Reading through the messages in the forums back in the day it was evident collaborative developments were driven by a personal vision for freedom and change in finance. Not by greed, coercion, or lust for power. Rather, for most crypto enthousiasts, it was as if all shared an unwritten conviction, or invisible manifesto. It held a common dream to unite for a better financial world. A future in which not just money, but benevolence, brotherhood and kindness would play the headlines.
However, as the characteristics of money and what it ethically entangles entered the play, it did not take long for those early passionate minds full of ideals to succumb to the promises, expectancies and enticements of wealth. Venture capitalist money started flowing, with projects being funded based on their face-value merits. The young cryptocurrency markets started making wild swings in which the intelligence of but a few could fleece the masses of their small stashes of blockchain-stored value.
Throughout these changes the kindred spirits were not entirely erased from the scene, but their once vibrant voices were now largely being drowned out by corporate and political sweeps for competitive power. They hammered down solid pillars in this pristine land of ideology, upon which sharp, perceptive vultures can perch to lay claim to their next spoil.
The prospect of a blade-runner style world becomes more realistic, as now also governmental organizations are closing in on the blockchain phenomena, aiming for a tight grip of regulation and control. Beyond the view of the technical developer enthousiasts, they forge the iron gears of our destination with systematic diligence.
Perhaps taking some time for reflection would be prudent. Where do we want the blockchain industry to go from here? How are we going to help out through positive action? What ideals have we given up in this theatrical game with all its loud players? Which ashes have we gained for trees, and how may we identify the ramifications of our developmental actions for the future of not only our personal finance, but also the future of other people? The growing Internet of Value scene is a place to tread boldly, yet also carefully, because what we do doesn't only concern ourselves. If we don't develop and do business with open eyes and open hearts, the world of money and value will see yet another uninspiring era full of Groundhog Days.
So where are our manifesto's and convictions now? It is my hope we may find the strength and dedication in this to work together for freedom and positive change. Collaborating with eachother instead of merely competing. Guarding ourselves against corruption. To break barriers in finance to the advantage of all, and not just a few, making our daily lives and actions more benevolent and our Internet a better place to be.
As we are exiting 2016, we are very thankful to all the people and organizations who have supported the Internet of Coins project this year. We have a few announcements, and we´ll make them. Next weeks in 2017!
For now, we wish everyone a wonderful New Year´s Eve and... you may want to keep tabs on the Cyber.fund Radar ;)
Greetings from Joachim, Amadeus, Jelle, Steffen, Sergey and Robert
The Internet of Coins project is proud to announce a joint cooperation effort between programmer Aymeric Vitte and the development team of Internet of Coins. After a technical review of the latest developments in distributed networking technologies, the Peer Shared Mesh technology pioneered by Vitte came out as the foremost candidate and his protocol specifications are seen as an excellent basis for implementing our own network topology. In this way, Vitte's ground-breaking work on distributed network technology will be extended and implemented into the cryptosphere.
Internet of Coins developer Amadeus de Koning explains: "The partnership with Vitte is an important step in realising the ambitious goal that Internet of Coins has set for itself, which is to unite cryptocurrencies in a fluid exchange network, without reliance on trusted third parties, such as exchanges, that at present form key points of failure in the crypto ecosystem. We believe exchanges have validity as cryptocurrency marketplaces, but as stores of wealth they have quite a poor track record. Therefore we see a need for supplemental mechanisms of exchange that are less vulnerable to trust issues, yet able to cross the boundaries between various blockchains."
Aymeric Vitte, lead developer of the Peer Shared Mesh (peersm) technology and CTO at NAÏS, comments: "I am happy to see the adoption of the peersm technology in a cryptocurrency application. This will form another example of a field in which the reliable and open standards of peersm can be applied. We will be working together with the Internet of Coins to integrate, modularise and further develop the peersm technology stack."
First of all, we wish you all a wonderful 2016. 2015 has treated us well. Thanks to advice from Startup Bootcamp and Holland Fintech we have slowly been growing. We welcome new team members Sergey Kazenyuk and Steffen Hoffmann and thank them for their contributions to the client! The SIDN foundation has been very supportive as a partner as well, in addition to their support via the grant we were awarded in August.
As a decentral open source collective, it is good to have a stable foundation where upon each of our contributors can build freely. For development, these are the internal Git and testnodes, which provide means to an end. Regarding other areas a solid basis is required as well. For this, we got in touch with the Dutch NLnet Foundation.
Michiel Leenaars, Director of Strategy at NLnet:
“Digital payment systems and the internet are a great match, but we are at an early stage. There is a lot of experimenting that needs to be done before we can ultimately converge and find the solutions that will scale to the whole Internet. The Internet of Coins is an ambitious open source project, and full of promising ideas. We are looking forward to working with the team to mature their technology.”
The NLnet Foundation used to be the first Internet provider of the Netherlands and has supported numerous projects with advice, contacts or funding. Among them you may recognize the Tor project, NoScript extension or WebODF library. Yes, they’re cool. And from now on, they will be advising us on shaping and developing the Internet of Coins project further.
In other news: the recent Cryptsy hack again underlines the need for a stable, non-commercial decentralized exchange system. You can find a good read here about how the hack took place.