Internet of Coins: Project Update #3: Freedom

23 Feb 2017 / Dotrego

Aside from our email updates, from time to time we will place an update on the weblog here as well. Not on our mailinglist yet? Be sure to leave your contact details and be the first to know about our development and campaign updates.


 Welcome!

If this is your first e-mail update, you can always read the previous ones at our weblog. And remember: the fundraiser starts March 21st. We send these updates once per week.


 Topic of this week: foundation goals

Someone recently asked us why we were actually pursuing an initiative in fintech, as the market is booming and new startups with global ideas arise every week. Here´s actually the thing: we don´t consider Internet of Coins a financial venture.
Granted, with building a connection between different value systems for asset management we are facilitating the use of financial networks. But it is the technological advancement in personal freedom we are aiming for. The freedom to use any cryptocurrency or asset you like, the freedom to issue your own assets, and the freedom of not having to worry about a centralized third party holding your valuables. We call this social tech. Which is why we are working with a Greenpeace hackathon winner, a Free Press Unlimited developer, a public administrator, open-source hardliners and a development worker on the team. We want to keep our eyes fixed on our goal, which is in the line of ethics and not profits.


 Development evolution

This afternoon we had a session with Hans Schaaij, coordinator of a Dutch initiative to build self-sustainable ecovillages. The residents of these ecovillages are the first group of users to test the routing and allocation of our network. After these tests, we will scale up testing by inviting community developers for a public alpha. One of the first lessons Hans gave us: provide big icons in the mobile UI for the elderly. Making things easier is very much about being inclusive. That's what we won't forget Hans :-)


 Campaign growth

Our site is now available in Dutch and German!
Next week, we are presenting the project at the Dutch event Bitcoin Wednesday. If you are around, we welcome you to have a chat with us. At Bitcointalk we also held a banner contest, the results of which you may find among different news outlets. We thank all participants for their creativity.


 Latest publications

Joachim recently touched upon the inner workings of the hybrid token system in a recent article picked up by NewsBTC. Currently we write multiple articles every week to showcase all the aspects of the system before the crowdfund starts. Still, if anything about the project is unclear, just ask. We aim for transparency.


 Ways to support

Like the project? You can help out by giving it a *Star* through your Twitter account on Cyber Fund. If you have a suggestion for a blockchain event where we really should be, drop us an email and we´ll try to come by.


Thank you for taking the time to read our updates,
we´ll be in touch again next week!


Yours sincerely,

The team behind Internet of Coins - Amadeus, George, Jelle, Joachim, Marjon, Matthias, Pim, Robert, Sergey and Steffen

 

Internet of Coins: Project Update #2: Trust, languages and wallets

16 Feb 2017 / Dotrego

 Welcome!

If this is your first e-mail update, you can always read the previous ones at our weblog. And remember: the fundraiser starts March 21st. We send these updates once per week.


 Topic of this week: trust

With Internet of Coins (IoC) we aim to create a trustless environment in which the security of your value transfer is not dependent on the assumption that you are to trust the person on the other side of the network willing to trade. However, the fundraiser, which we are organizing to scale this project, does require trust. And for that, you sometimes may like a third party to review your options. Which is why we are currently under assessment by rating agencies Smith & Crown and ICOrating. Internet of Coins is are already listed at Cyber Fund. Through our cooperation with established escrow partner NLnet, we aim to provide a solid basis for long-term continuity. Their 20-year experience as an organisation supporting open-source initiatives has been a great help. But of course don´t believe just us; perform your own critical assessment. Especially before participating in any crowdfund.


 Development evolution

Our alphatest is almost ready for deployment. Amadeus has worked hard to build the interface for the hardware wallets we are providing to the testers; mainstream users who have asked for a pilot to use cryptocurrencies as a replacement for fiat currency within their community. We have had some requests for a Slack channel, and will set up one to keep in touch with the development community. We usually steer clear of proprietary software, but in this case we´ll make an exception ;-)


 Campaign growth

We are multilingual! A team of community translators joined us from Bitcointalk.org who are now translating all our announcements to Chinese, Dutch, German, French, Greek, Indonesian, Italian, Japanese, Polish, Portuguese, Russian and Spanish. Including these e-mail updates, so you can always find one in a language of your choice on the boards. Site translations are in the works, expect to see new language options next week. We will also start recruiting some social media ambassadors.


 Latest publications

Tatiana Moroz from CryptoMediaHub interviewed Joachim on her show about Internet of Coins. It is a very good introduction to what the network has to offer and what technologies we are using. You can view the interview here.

Currently we are also working on the Funding Terms, to make sure they are available for everyone before the fundraiser starts.


 Ways to support

Love the project? You can help out by giving it a *Star* through your Twitter account on Cyber Fund. If you have a suggestion for a blockchain event where we really should be, drop us an email and we´ll try to come by.


Thank you for taking the time to read our updates,
we´ll be in touch again next week!


Yours sincerely,

The team behind Internet of Coins - Amadeus, George, Jelle, Joachim, Marjon, Matthias, Pim, Robert, Sergey and Steffen

 

Internet of Coins: Project Update #1

07 Feb 2017 / Dotrego

 Welcome!

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. 


 Development evolution

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.


 Campaign growth

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.


 Latest publications

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!


Yours sincerely,

The team behind Internet of Coins - Amadeus, George, Jelle, Joachim, Marjon, Matthias, Pim, Robert, Sergey and Steffen

 

Foundation for Internet Domain Registration funds Internet of Coins

25 Aug 2015 / Dotrego

Since our previous update before summer, we have been focusing on securing funding for continuous development. Today, we learned our efforts bear fruit. As of the 25th of August, the Stichting Internet Domeinregistratie Nederland (SIDN, or Foundation for Internet Domain Registration Netherlands) announced their support for development of the Internet of Coins, and awarded us with a Pioneer grant!

SIDN operates as registry for second level domain names in the Netherlands. Its foundation supports innovative projects which inspire an open and free use of Internet. We are very pleased with their support and will continue to cooperate as the project evolves. Part of the money will be used for coding bounties.

During our quest for angels, someone asked us "Why aren't you doing a digital ITO or IPO to acquire funding?"
Of course we would not be the first project. But let's be clear on this. We do not want you as a consumer to spend your cash on a project which is still in development. And like any startup, we are working with pivoting goals between timeboxes. So we aim to secure development 'the old-fashioned way'. Try out our client once there is a beta.

As part of this strategy, we have decided to separate the Internet of Coins project from our smart contracting agency Metasync, so it becomes its own entity as a non-profit foundation. Stay tuned for more info, or get in touch.

Pizza Day Development Update

22 May 2015 / Dotrego

Pizza day is upon us! It has been a while since our last update. In this time we have seen a strong decline of the Bitcoin price, mining organisations going bust, and other initiatives consolidating their efforts to stay relevant in the cryptosphere. Also there is good news when looking at the adoption of Bitcoin and cryptocurrency concepts by businesses in general.

Meanwhile, we have been working on building hybridd, the client/server node for IoC. The skeleton of the node has been written and is now in alpha-testing. It is a modular construction that makes it possible to tie in any kind of value-related functionality. We have created some proof-of-concept modules to start filling in the blanks. [Read more...]

Working towards cryptosphere evolvement

23 Mar 2015 / Dotrego

Time for an update! Where to begin... since the whitepaper release at the Dutch Bitcoin Embassy on the sixth birthday of the blockchain back in January, we've had a surge in media attention; for example via Yahoo! and a CoinTelegraph interview. After the announcement and the followup, our focus shifted back to development.

Evolution Versus Revolution

08 Oct 2014 / admin

The word revolution comes from the latin revolutio, meaning a turn around. It could mean a modification of an existing constitution, or a complete change of it. However, revolution is almost always understood as a quick change. And that is exactly where my pitfall detector starts ringing.

In recent months we have seen many claims of "revolutionary" developments and technologies in the crypto scene. Next to a plethora of new coins being announced, there are also organizations claiming to have “the next big thing”. The many new hypes are often flashy enough to woo a great amount of users of cryptocurrency into investing their coins into these ventures.

Along with many revolutions that have happened in human history came not only rapid, significant changes in (geo)politics and social situations, yet most often also systemic instability and insecurity, loss of cultural identity, and destruction of value. Pitfalls, many of them historically documented, that come back with every revolution. And these mass-behavioural cycles, in circling back to zero, oust unwanted elements out of a system. What can we deduce from this? Revolution also means reinvention and reset, and the effects of this are not solely beneficial.

Evolution, on the other hand, is less often highlighted in social and cultural contexts. And yet in a manner of speech we often refer to positive development processes in society and in our cultures as evolutionary ones. Nature itself contains many forms of evolution and progression, and it forms a prime example for our own development.

When weighing evolution versus revolution, the Internet of Coins team has decided on attempting to navigate a more long term route. Instead of simply declaring another revolution, they seem to rather declare an evolution aimed at augmenting technologies that are already out there. It is the announcement of a project that is aimed at organic growth. Not reinventing wheels, but rather enhancing the current state of money-like informational commodities we call crypto currency.

It is possible to bring change step-by-step. To replace the current financial structure all of the crypto currency enthousiasts together need to create something so useful that it makes the current systems obsolete. This movement and the work it encompasses are of such magnitude that it cannot be done overnight. So we may want to choose our positions wisely

With the Internet of Coins project and the other decentralized options out there it may become realistic to start adding stability and overall constructive development to the cryptosphere. Together making strides towards being evolutionary, instead of just revolutionary.



1