The Demons and Angels of Progress: BlackCoin Ecosystem, Industry, and Evolution
Having newly taken up the mantle as head of the BlackCoin Foundation, I thought it a good moment to step to the podium and offer something of an overview - where we've been, what's brewing lately, what's imminent, and, broadly speaking, what kind of vision is building for the year to come. A 'State of the Union' address, as it were, with a few revelations, a smattering of history, some personal reflections, and a good dose of encouragement about the months ahead. At 8 months of age, BlackCoin is stepping into a new phase of its existence. I'll call it 'Phase 3'. Phase 1 began with Rat4 triggering a kind of decentralized Big Bang, sending a massive shockwave through the primordial soup of Altcoin. Therewith, a strangely huge, bright cluster of matter, energy, money and mind-power began its rapid expansion, leaving a 1500-page trail of btctalk thread, no small degree of ideological gang warfare, wild price chart action, and a barrage of POS aftershocks throughout the cryptosphere. Then came Phase 2: the quest for order. We saw the inception of the Blackcoinpool, the BlackCoin Foundation, CoinKite integration, the new btctalk thread, the /blackcoin reddit, and Blkfeed where I am writing now. We saw well-organized initiatives like L'Isle sur la Sorgue in France. We saw rat4's implementation of POS 2.0, and a progressive mitigation in price volatility. We saw the release of the BlackCoin Music Video and its immediate rampage across social media. And then two things happened. Two 'Phase 2' explosions: David Zimbeck birthed his magnum opus, BitHalo/BlackHalo, and Joshua Bouw went to China. These two monumental steps, combined with all the other incremental developments mentioned above, have planted the seeds and set direction for where we are now. Phase 3 as I see it is about two things: The creation of value, and the full arrival of BlackCoin technology on the world stage of business and finance. These go hand-in-hand. While Bitcoin has begun to step meaningfully beyond the embryonic isolation of its first few years as a strange new tech experiment, Altcoin can scarcely be said to have done so. It functions mostly as a developer playground/sandbox on the one hand, and a zero-sum game on the other, where traders (and some thieves and bullies), hang out and try to take each others money. Such value as there is, is mostly in forward-looking potential. The price-action on our markets, however, is little more than the daily scorecard at a poker game. There are only so many chips on the table. They change hands. That's it. And while this game is intrinsic to all markets, even the most mature ones, it is not the basis of industry. Value is. And BlackCoin is now on a mission with all guns blazing to make that happen. For some indications about how, read on. A large part of my work since wrapping up the BlackCoin Music Video (and even before and during production), has been in outreach to the business world, outside crypto. Persistent efforts over many months have yielded results, not least of which has been a great deal of steady buying. Many new players are at the table now. And many old ones have withered and are gone, often to the tune of 50-100K BC at a clip, and most especially during periodic heavy sell-offs. But the new hands are not like the old ones. They are not the cynical, coin-hopping P&D sleezebags we know all too well. They are established businessmen, buying-in with an intent not only to hold, but to build. They are a new breed, and a new brain-trust. I am amazed by the flow of fresh ideas they generate, and by how ready, willing and able they are to facilitate new contacts and connections across a multitude of industries. And not only to suggest but also back new initiatives. Including a new tech start-up of my own, about which more will be said in coming weeks and months. The new network is growing. This is life in Phase 3. I'll bring this post to a close by recalling the great industrialist, Henry Ford. He did not invent the automobile (just as BlackCoin did not 'invent' crypto). The Stanley-Steamer had come into existence already a decade earlier, as the ultimate in turn-of-the-century 'personal-tech'. What Ford did was to provide a series of catalytic design and production moves that resulted in a mass-scale paradigm shift. He pushed the automobile through that watershed moment, to that click-point where suddenly everyone just saw that the automobile was no mere tech-toy for the idle rich. It was the future of transportation. I'll leave it to the master-debaters, quibblers and hair-splitters to argue over the merit of my analogy. I'll even spice it up by stating my opinion that BlackCoin's PoS 2.0 is to Proof-of-Work what the internal combustion engine was to the steam engine. Now go have a field day. For additional entertainment and history lessons, have a look at the FUD campaign waged against Ford by the Stanley Motor Carriage company: see the sub-heading, 'Obsolescence' in the Wiki here: http://en.wikipedia.org/wiki/Stanley_Motor_Carriage_Company Now, onward and upward for BlackCoin! And PS: my motto going forward is: "You can have any color you want, as long as it's BLK." Yours Truly, Jabulon
We play white elephant during Xmas party at my work....about 100 or so people attend it. This is what I'm planning to give. (TEXT VERSION) Feel free to copy and use it.
Pic Inside this envelope is a paper that holds Bitcoins. Bitcoin(abv. BTC) is digital currency that is worth real money (At the time of writing this, each BTC is worth about $726). It's the first decentralized electronic currency not controlled by a single organization or government. It's an open source project, and it is used by millions people. All over the world people are trading millions of dollars worth of bitcoin every day with no middle man and no credit card companies. It's a startup currency which has never happened before. Email let us send letters for free, anywhere in the world. Skype lets us make phone and video calls for free, anywhere in the world. Now there's bitcoin. Bitcoin lets you send money to anyone online, anywhere in the world for less than a cent per transaction! Bitcoin is a community run system not controlled by any bank or government. There's no wall-street banker getting rich by standing between you and the people you want to send and receive money from. It is impossible to make a counterfeit Bitcoin and there will only be a finite number ever created. No one person controls Bitcoin and therefore no one can control what you do with Bitcoin. All of these qualities add up to make Bitcoin a solid platform for both saving and spending money. Like gold, oil, or any other fiat currency, Bitcoin value also fluctuates every second mostly because of demand and supply. At the beginning of this year each BTC was worth $14 then it went upto $1200 during Thanks Giving and at time of writing this it is worth $726. You can see the realtime value of your Bitcoins at http://coinbase.com/charts - the number in the top right is the current value in US Dollars, that is the price that people are actively buying Bitcoins for right now on an exchange market. What can you do with Bitcoins? *You can send them to people. You can setup an online ‘wallet’ at http://coinbase.com and send them to anyone in the world for free. You can buy things. *http://www.gyft.com/ Shop for gift cards and pay with BTC *http://www.bitcoinstore.com - Buy electronics. *http://coinkite.com - Bitcoin debit card. You can hold onto them as an investment. *Just put this card away somewhere safe, and in a few years’ time you may be surprised at the value that your Bitcoins accrue. Who knows this paper might worth thousands of dollars in near future. You can convert them back to US Dollars at any time. *http://coinbase.com allows you to buy and sell Bitcoins and withdraw or deposit US dollars back into your bank account. If you’d like to know even more, go to http://weusecoins.com or http://bitcoin.it Bitcoin is going to be the biggest opportunity for innovation that the world has seen since the industrial revolution. HAPPY HOLIDAYS
While coinbase & coinkite are great for us enthusiasts we could really use something we can get our friends and family to use. So I'm counting on Circle to make something incredible that goes beyond novelty and actually provides financial services people truly need. Here is my list of requests, please comment and add your own below: • Never talk about BTC prices and instead tell users how much they have in US dollars. Somewhere hidden in the account details is the BTC balance and the current exchange rate API. • Have a clever communication method of introducing the idea that their balance will be going up and down based on the rate of adoption. Possibly describing it as a positive and negative "interest" that is based on the overall adoption of bitcoin. • Give an option for dollar for dollar balance for conservative users who don't volatility. For people with small amounts of money this might be preferable for some. Also it gives people power over volatility. This way if they choose volatility it's a choice rather then a default. • Get rid of the word "wallet" and instead just call it their account. • Be in android & iOS! Hire someone just to deal with Apple and get through to them. Maybe integrate into iBeacon to entice them. You've got to Steve Jobs them. Talk to them the way Steve Jobs used to talk to potential partners that got them on board. Persistence. It'll happen. • Have your app launch the QR scan when opened by default. Assume they are opening the app to spend money and again, list the amount being spent in US dollars. (for US customers) • Vibrate the phone with a pulse when the QR registers. This way it has a more NFC feel. You don't have to "take a picture" you just have to set the phone near the QR display. • Get rid of the term "confirmation" and instead just have it immediately say "complete" once the transaction has been picked up by a few nods. Have an "info" button that can be pressed and the number of transactions and other techy blockchain info like transaction ID and confirmations can be hidden there. • Have a cool animation during payments happening. Definitely don't say "spending inputs & outputs" or anything odd like that. Keep in mind spending money is fun. • Let the user categorize the payment after they make them by choosing from a list of such as "food, entertainment, gifts, technology, services, home products, transportation, accomodation/rent, gas & other" or something like that. Also allow additional tags to be added with a more discrete button as a feature for power users. But do try to have all users at least categorize as they go. That'll be part of the fun. Part of the quantified self movement of tracking ones habbits. • Provide charts to show someone how they are spending their bitcoin. • Don't ask people to label the address they just paid because chances are it's a unique address created just for that transaction. • Connect to facebook and Gmail to find any contacts that are also using circle so they are accessible in a "contacts" area of the app so they can be sent money easily any time. Imagine a friend paying your lunch bill and you quickly sending them 10 dollars on the spot. No QR scanning between friends. At a merchant that's ok but there has to be a better way then phone sex. Use existing social networks to find people or their email address if no other option exists. As a last resort scan their QR. Allow a scanned QR to be turned into a saved contact from a list of transactions in the same way you can add a contact on your phone from a list of calls you've made. • When opening the app have the most often paid contacts be one click away on the same screen that has the QR scanner. • Allow for exporting of transactions, with time stamps, categories and added notes to help those with businesses pull out and total up their deductible expenses. Possibly even a tool to do this on the site without the need for a spreadsheet. • Allow a photo to be assigned to a transaction that's just occurred. Not a primary feature but good for the legal bread crumbs since payments are not reversible and since there is a slight lack of receipts beyond the blockchain and account history. Documentation of certain transactions could be useful for future audits. • Allow for geo stamps to be stored with each transaction but also allow that option to be turned off in a very clear method. • Provide all users accounts with both with an "active" balance a "safe" balance. This is like checking and savings. Keep everyone's safe balance in cold storage and have their be a delay when they move from their safe to their active. This way they can't get robbed at gunpoint for more then what's in their active account. • Provide a dummy safe for power users with a lot of money in there. This is a special password the user memorizes and if forced to show a criminal their safe balance they can show the dummy safe. • Provide monthly automation such as "transfer X dollars worth of bitcoin per week to the active balance." Or "send X dollars on the 1st of each month to X contact." • Don't really have "addresses" but instead contacts and QR codes. If at a store you pay a QR and if you're paying your roommate your share of rent you are paying a contact. Somewhere hidden can be the address but it's really not important to have access to it. • Provide a bridge between old financial services and new financial services under one roof. Allow users to endorse their pay check to Circle by photographing the check and sending it to Circle who will process the check for you and put the balance in your account at present exchange rate. This way it's possible for lot's of people with straight forward lives to not even need a bank account and not have to pay those monthly fees. It's okay to charge $5 dollars per check deposited or whatever it costs you and it's worth it to get money moved straight into bitcoin with no need for a personal bank. • Market to employers a system to pay their employees in bitcoin. • Allow for a bill pay type check to be sent using the persons bitcoin balance. This way if they have rent or they have a utility bill that simply won't accept bitcoin and that won't accept a credit card either then Circle could just simply cut a check and send it to the address the user requests and then deduct the money immediately over to their own traditional banking account that can cover the check once it clears. A service like this is worth a few dollars or whatever it costs to not have to deal with keeping a bank account and the whole pain in the ass that is. But also this is a marketing opportunity to put a little slip in with the check that says, "streamline your bill collecting" or something to that effect. Even if you are marketing a partner service like bitpay or coinbase it's still better that you get these places to eventually accept bitcoin so that your customers are better served. • Partner with a traditional credit card company that is able to have it's monthly bill be paid in bitcoin. This way someone with no bank account can still have a credit card and be able to smooth over their monthly finances and pay for things like cell phone bills. There could be a way for the bitcoin balance to even provide security on the credit card making it a "pre-paid" credit card. The card could even be branded "Circle" if possible and it would be very cool to know you can use bitcoin to pay for things even when all that is accepted is a credit card. • On the security side have all transactions be multi-signature. This way the app on the phone is not just communicating with Circle, it's also communicating with the blockchain itself by co-signing along with circle the transactions. This way a private key can exist in the app and be something a user also has on a print out in case they loose their phone. This way if Circle was hacked they wouldn't be able to take anyone's money. The users would have to also be hacked at the same time which would be hard to do wide spread. Also it would keep all balances on the blockchain this way. Far better then one giant Circle account on the blockchain with all kinds of virtual accounts. Virtual accounts are too vulnerable to hacking and require too much auditing. Having your balance always audit-able in real time on the blockchain is better. Also a transaction can be refused by Circle if suspicious activity exists around a particular address, GPS location or any number of security variables that Circle could employ. Provide this to the world and Circle will be King! Or... if they don't then it's wide open for anyone else to jump on this user friendly approach. Thoughts?
I certainly do not want to start another episode of As the BlackCoin World Turns
I am willing to let Soepkip and Dognip inform the PR firm about the existence of the various, relevant threads on the environmental friendliness issue versus Bitcoin and let the pros decide if it should be the basis for the first press releases paid for under the contract. However, all of the research and the work on framing the issue has already been done to the extent that a text has already been produced that can be used as the basis for formulating a press release. If Max Borges will quote a price for composing a press release based on the work that has already been done, I will consider paying at least half of the price myself. However, what really are the alternatives? What is it about Blackcoin that is going to get tech-savvy long-term investors interested in kicking the tires? What other topics have been seriously offered? Of course there is the actual, average transaction time as opposed to block times. We have the independently-produced, realtime evidence on the bitinfocharts.com website that can and should be cited. We have the community. We have Coinkite. Even dzimbeck agrees that the mining pool is important only in the short term. I probably have not given the mining pool’s contributing to getting BC to the point where Iconic started the big pump and dump. I discovered out coin shortly before that happened. Thus, I had not lived through what got us to that point. Long term investors do not use technical analysis, reading the chart. They rely on fundamental analysis. Long term investors in cryptos are interested in what the price will be in three and six months, and one to five years from now. For a coin that is not even three months old, what can you really say about that?
Bitcoin transactions are verified by Bitcoin miners which has an entire industry and Bitcoin cloud mining options. While developers are improving the software they cannot force a change in the Bitcoin protocol because all users are free to choose what software and version they use. In order to stay compatible with each other, all users need to use software complying with the same rules ... Top Bitcoin APIs including APIs from 50Btc, Btc E, Bitstamp, Mt Gox, Bitcoin Charts Markets, Ripple, Coinbase, Cryptsy, Coindesk & Fidor Bitcoin Wallets können jedoch nützlich sein, um kleine Mengen von Bitcoins zu speichern, so dass Sie schnell online einkaufen können. Einige der beliebtesten Wallet-Services sind Blockchain und CoinKite. Bitcoin Vorteile. Bitcoin hat mehrere Vorteile im Vergleich zu herkömmlichen Geldüberweisungsdiensten. Zwei davon haben wir bereits ... CoinCorner allows users to buy and sell bitcoin in GBP or EUR. Users can fund their account via credit card or debit card, bank transfer or SEPA. All users are assigned a wallet for bitcoin storage and transactions. CoinCorner also offers a mobile app (for Android, iOS and Windows Phone) which syncs with the user's web wallet. The company currently operates in 45 countries worldwide. Bitcoin News Coinkite Forays into Bitcoin Hardware Space, Winds up Wallet Service. Coinkite, the Canadian bitcoin platform has recently decided to go ahead with the spring cleaning.
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