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.
Centralized exchanges can and will be hacked. The most recent example of this was BTER, with its loss of millions of NXT coins, and before that Vircurex, with a large loss of Litecoins. Even though the thief that stole from BTER has returned the greater portion of stolen value, yet another example of such a hack does not comfort the users of these exchanges.