Quote from: x11joe on May 06, 2015, 05:21:32 PM

Just wanted to give a status update.

I have been busy with work lately, so I have not had a chance to update anything as of yet. I apologize, and don't want to make any promises or deadlines, but I can say that I have not forgotten this project and will be working on it as soon as I can.

Since I am creating an engine from scratch though, I'm not going to be able to easily give this to an exchange anytime soon, this is going to be a very long term project. I would like to discuss some of the ideas with you all though as I work on this.

To recap:

I will be using C++ and probably the Boost Libraries for networking support as my dependencies, same as every other bitcoin client. I will be using an HTML/CSS Interface for the UI so it will easily work on all operating systems and browsers and allow for customizable design and other nifty features.

The major difference will be an attempt to write code that is easily understandable and easy to work with, and who better to consult this with then the people here on the forum as I write the code. I also plan to use SQLite for the database (although slower to query records its much easier to understand and better documented in my opinion). Also, it won't be as bad since I plan to have a limited ledger that won't grow to ridiculous sizes as time goes on. As such this will be a public work in progress.

I have not decided on Proof of Work or Proof of Stake, or something like Proof of Resource, but I'm open to suggestions. My hope is that the energy used in proving the block can be used for something useful instead of just burning electricity, or if I can at least minimize it as is the case with proof of stake.

My only concern is copy cats running away with the code and creating a clone coin which would undermine my efforts. Any suggestions to protect the source code while we work on this?

Yo Joe

1) Keep it closed scource for awhile.

2 ) keep the community alive by setting up multisig wallet with addresses & coins for people who want to convert to the new coin. So many problems with wallets no longer working, delisting, dodgy exchanges etc.

just my 2 sat