Internet of Coins Update #26 - I heard it through the grapevine

12 Sep 2017 / admin

Internet of Coins Update #26 - I heard it through the grapevine

Dear cryptocurrency enthusiast,

We thank you for your interest in our project, and all who participated in our crowdfund. You are receiving this e-mail because you have either signed up for the Internet of Coins e-mail updates, participated in the crowdfund or have previously been in touch with one of our team members. This newsletter will be sent out once every two weeks, to keep our supporters updated about our development efforts.

Grapevine talk

On our chat channels there was some confusion over a message that did not come from us, and instructed people to make a wallet. Be sure only to respond to instructions that come from Internet of Coins directly. As per our terms (https://coinstorm.net/terms) we will release a public wallet to receive the tokens in the first quarter of 2018. See 'The release of the tokens' below for details. If you have any suspicions about emails claiming to be from Internet of Coins, or using the IoC name, please forward the contents to info@internetofcoins.org so we can take appropriate measures. Internet of Coins is an independent initiative and has NOT instructed any other organisation to speak on our behalf.

Alpha wallet updated

Our ALPHA wallet (only for testing purposes) was updated and now integrates many improvements. We invite people to try it out and give us feedback per email about their experience. Please keep in mind this is experimental code, so please do not store large amounts of value until the testing phase has been completed. The alpha wallet can now be reached at https://wallet.coinstorm.net We'd love to hear some feedback on your experience with the wallet.

Tell me more, tell me more...

We now have a working implementation of deterministic Ethereum functions, so the ETH blockchain can be connected to our ecosystem. We have integrated the REST API into the command line wallet for testing purposes. Processes in the code have been segregated, or split up into separate streams, for more security. Account credentials are checked at login using a validation algorithm to prevent typing mistakes. Also our connectors to other RPC (remote procedure call) interfaces have been improved.

'How we roll'

We noticed some questions about the token release cycle in our email inbox. Some supporters asked how and when they would receive their tokens. For most people, the tokens will be released in the first quarter of 2018, when our integrated and user-friendly wallet has been developed. The last requests for early holders are now being handled.

The release of the tokens

There have been questions regarding where the HYBRID tokens are 'visible' and how donators can know where their tokens are stored. We build on earlier achievements, and hence the infrastructure to carry our tokens will be developed using the (crypto)currency that our supporters donate. At the present moment, this means your registration information is your ticket for our Fundraiser. Make sure to keep a copy of the TXID of your donation, screenshots of transactions and confirmation, your PIN and/or the confirmation email. The deadline for those without any confirmation of their donation to contact us was September 1st.

Once the network infrastructure is functional, each donator will be able to create their own account on the newly developed system. This account will receive the amount of HYBRID tokens reserved according to the USD value of the donation at the time of participating, as per our terms. In the course of development, the network will be connected to different coins and token systems, also those included in the fundraiser.

How can we help you?

If you want to ask the team any questions, regarding the project or in general, please use one of these ways to do so:

Twitter: ask your question and mention @InternetOfCoins
Log on to the chatpage on our website: https://internetofcoins.org/chat
Via email: info@internetofcoins.org

If you haven't received a mailing from us earlier and are new to the project, you can read up on previously published articles on our blog, join the Bitcointalk forum thread, check out our project website or watch one of the presentations we have held at various conferences.

Ways to support

We can use help integrating different blockchain systems into the Internet of Coins wallet. If you can program in JavaScript (NodeJS), and would like to help out, please let us know. You can also follow and retweet us at @internetofcoins to spread the word. Want to be added to our Slack channel? Just reply to this mail with your request and we'll send you an invite. Once added, you can invite others as well.

Thank you for taking the time to read our updates, we'll be in touch again with our next newsletter around two weeks from now.

Yours sincerely, Amadeus, George, Jelle, Joachim, Kirsten, Luca, Maria, Marjon, Pim, Robert, Sergey and Steffen

Internet of Coins Update #18 - Alpha wallet now live on TOR!

15 Jun 2017 / admin

Internet of Coins Update #18

  • Alpha wallet now live on TOR!

Dear cryptocurrency enthusiast,

We thank you for your interest in our project, and all who already participated in our crowdfund. You are receiving this e-mail because you have either signed up for the Internet of Coins e-mail updates, participated in the crowdfund or have previously been in touch with one of our team members.

444K HYBRIDs registered

This week, we were happy to see the fundraiser counter jump to lucky number 444,000 HYBRIDs registered. Most of the donations have been sent in Ethereum and Bitcoin, but we see the NEM, WAVES, NXT, Counterparty and Bitshares community participating as well. As we are entering the last week of the crowdfunding campaign, we thank all who already decided to be part of our journey.

Just seven more days to go

The fundraising period will close on the 21st of june, the beginning of summer. Only seven more days to register for HYBRID initial tokens and get your donation settled. After that, development will start according to our roadmap (see our terms page for more details). We will keep you informed about procedures and the development of our infrastructure through our newsletters and on twitter.

First transaction sent using IoC alpha wallet

As we mentioned in a previous newsletter, we have done our utmost to get a 'live' version of our wallet out there for testing by you, our supporters. We are proud to announce that today at 11:40 the first transfer of value from an IoC wallet to an IoC wallet was made, an amount of 1 LSK. The public alpha is available for testing at http://kth3qittpclsdrk6.onion so you will need to use TOR to access it. It supports just Bitcoin and Lisk for now, so we can test the basic functionality of the transaction mechanisms. Please do not store large amounts of value on this wallet yet, it is to be considered experimental until after more extensive testing and there may be bugs. This is a milestone for Internet of Coins and 'proof of work', to release public alpha software ahead of time, before the fundraiser is even over!

Celebrate with us!

To celebrate the release of the alpha wallet and give a last boost to our fundraiser, we ask for your help. You can show your support for our project by tweeting or posting the following message on your twitter or facebook account:

IoC launches #alpha #wallet! Join the storm! #internetofcoins https://coinstorm.net

The case of the missing PIN

We understand from people with Gmail accounts that our PIN emails, and in some cases our confirmation emails, are not arriving at Gmail customers. This is because Gmail uses excessively strict greylist filtering. In some cases, it may help to send a little test email to info@internetofcoins.org and keep this email in your outbox, before you start the donation procedure. Then Gmail sees the address as 'whitelisted' because you have corresponded with it before. However, if you do not receive a PIN email, even after checking your spam box, please use 77777 as your emergency PIN in combination with Gmail addresses only. These donations will then receive extra inspection and verification.

In that case, be absolutely sure to paste the correct transaction ID, which is a 64 character long hexadecimal string that identifies your transaction. You can find your 'TXID' by viewing the transactions coming in to the blockchain address that you are donating to, which are listed on our terms page using a block explorer. For Bitcoin donations, for example, you can use: https://www.blocktrail.com/BTC/address/14aV8dULoL67i6xQncfmFsbFaEtpRKskC2/transactions and for Ethereum donations: https://etherchain.org/account/0x197a920123dda17040a065457ef0c01b28a54045#txreceived

In case of not receiving a confirmation email, we also recommend to make screenshots of your transaction, in case these may be needed in later correspondence. You can always contact us about your donation in case of problems. Please understand that we cannot give you a simple refund of any donation, since only the overseeing foundation can decide on individual cases, when serious error is involved.

The release of the tokens

There have been questions regarding where the HYBRID tokens are 'visible' and how donators can know where their tokens are stored. We build on earlier achievements, and hence the infrastructure to carry our tokens will be developed using the (crypto)currency that our supporters donate. At the present moment, this means your registration information is your ticket for our Fundraiser. Make sure to keep a copy of your PIN, the TXID of your donation, screenshots of transactions and confirmation, or the confirmation email. When the network infrastructure is functional, each donator will be able to create their own account on the newly developed system. This account will receive the amount of HYBRID tokens reserved according to the USD value of the donation at the time of participating. In the course of development, the network will be connected to different coins and token systems, as well as those included in the fundraiser.

Transparency of our fundraiser

You can check any of the blockchains listed on our terms page, to verify that the donated cryptocurrency will only be spent on project development, starting after the fundraiser period. We are proud to be part of an alliance with the Commons Conservancy under the reputable NLnet foundation, an official charity under Dutch rule of law, which guarantees that we cannot use these funds except for the purpose of developing the Internet of Coins.

HYBRID pricing schedule

The next price per unit increase for HYBRID is scheduled to happen on the 18th June. So now the PPU value is 1.925 USD, and after that date it will increase to 2 USD and will remain there until issued. Check our terms page for the authoritative schedule.

How to participate?

If you want to ask the team any questions, regarding the project, in general or about our fundraiser, please use one of these ways to do so:

Twitter: ask your question and mention @InternetOfCoins
Log on to the chatpage on our website: https://internetofcoins.org/chat
Via email: info@internetofcoins.org

Or check out our Crowdfund Tutorial if you want to know how to participate with cryptocurrencies.

If you haven't received a mailing from us earlier and are new to the project, you can read up on previously published articles on our blog, join the Bitcointalk forum threads or our project website, especially the terms page for our roadmap and legal information. Or watch one of the presentations we have held at various conferences.

Ways to support

Like the project? You can help us out by giving it a Star with your Twitter account on Cyber Fund. You can also follow and retweet us at @internetofcoins to spread the word further. Want to be added to our Slack channel? Just reply to this mail with your request and we'll send you an invite. Once added, you can invite others as well.

Thank you for taking the time to read our updates, we'll be in touch again soon with our next newsletter!

Yours sincerely, Amadeus, George, Jelle, Joachim, Kirsten, Maria, Marjon, Matthias, Pim, Robert, Sergey and Steffen

Combining Technologies the IoC Way

23 Feb 2017 / Dotrego

The blockchain and cryptocurrency scene is hot right now. It looks like everyone wants a piece of it, and there are a plethora of new experiments and technologies popping up all over the scene. Some people have only just discovered Bitcoin, its possibilities and potential applications. Other people have gone further to explore technologies like Bitshares, CounterParty or Waves and have been playing with the various token systems and smart contracts that are available on these platforms.

There are initiatives to make blockchain technology easier to use. These take the form of online wallets and block explorers, while going deeper one finds entire contract compilation systems implemented into easy-to-use websites. Enthousiastic users of cryptocurrency are also trying out decentralized exchanges like EtherDelta, the NXT Asset Exchange, or playing around with Mosaics on the New Economy Movement platform.

However, in all the activity and clamour, users are still pining for an environment that brings all these initiatives together in an understandable and secure way. Internet of Coins (IoC) want to create this place without a for-profit motive, guaranteeing objectivity, equality and freedom of development and use of all the novel peer-to-peer financial technologies. They also want it to be an environment that people with no technological experience can use, and feel comfortable with.

Internet of Coins is geared to being such an environment, and its development has been underway for some time now. The foundations for a decentralized financial web have been set down at its core, and its mission and objective is to make sure all the different platforms, ecosystems and technologies that are out there become accessible to anyone and everyone.

To boost development of its easy-to-use hybrid asset technology, and make it available sooner, Internet of Coins is organizing a crowdfund to ensure further integration of blockchain finance technologies. As a perk to invite people to start using the environment they are giving out hybrid tokens that run on multiple blockchains simultaneously, merging their innovations and technological power.

Hybrid is a unique token, as it functions as a diversification portfolio of multiple blockchain technologies, and spreads risk of failure of any one of these systems. At the same time it facilitates decentralized trade on all the underlying platforms and has a focus on creating liquidity. This kind of experiment has not been done before in the blockchain arena, and is sure to bring about new cross-blockchain ideas and experiments.

So where is this all going? They are sailing for a new horizon, where anyone can use blockchain technology, crypto tokens and deterministic transactions, without having to explicitly think about how to do it. Using advanced distributed ledger technology should be available for everyone, whether it's you, me, your parents or grandparents. It should be as easy as sending an e-mail. And seeing the developments at Internet of Coins, that's where it looks to be going.

The Inevitable Rise of the Mammals of Crypto

07 Nov 2014 / Dotrego

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p>The power struggle of centralisation versus decentralisation in the world of finance has a long history. The pendulum of power swings between the poles of one central institution to rule them all and the dispersive network, in a movement spanning over centuries. The rise of the mammals of crypto is the inevitable next step in the evolution of the global economy.

Baking Bread Amidst Price Volatility

19 Sep 2014 / Agent725

In many a conversation, I have come across the argument that Bitcoin, or other cryptocurrencies for that matter, would never be regularly used by merchants because of the inherent price instability in the markets. There are those who contradict this opinion by pointing out that when Bitcoin is beyond its adoption phase its price will stabilize enough to enable it to be used just like fiat currencies. This discussion doesn't matter much to me.



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