Quote from: solid12345 on July 06, 2015, 05:59:51 PM

Quote from: Kolbas on July 06, 2015, 04:25:38 PM

The situation in crypto now is that good news and great features usually don't affect the price. Pegging and real trades, working market that is what we need.

I've been trying to say for weeks now, if you think pegging can and will work, then why would you want a price rise? There is no way any whale is going to allow the price to rise when they can accumulate what could be a fortune in the near future.

Why fret over 50 satoshi Bays if you think $1 is on the horizon? It's worth throwing down 1 btc worth and just cold storing it for 6 months, i'd not worry about it. If the pegging doesn't work it you're out $250 bucks, if it does you're a millionaire, pretty good lottery ticket in my book.

Yeah well the good thing about this pegging system is we can roll the price up or down. So even at .01 cent you would be holding a tremendous amount of money. Its a question of how much liquidity is desired. We can roll the peg upwards using deflation (and that may also create a nice arbitrage too). The key here is supply should match demand.

So the thing is, every update comes in order. We have the templates working nicely so when people see the peg and buy in, they see the user friendly markets that even their mom could understand which we could fill with p2p cash orders or selling items etc. New buyers will see the value in completed software. Plus it makes marketing it so much easier!

That is why this update comes first.

As for an update on progress, yes the software is coming along. I'm currently privately testing the fiat templates which also have automatic price tracking. Also testing guarantor contracts for people without deposits. This new client is totally different the entire UI for contracts has transformed. Its perhaps my biggest update to the contracting system itself in a year. So consider that this update is huge. I've got to make sure its watertight, stable, fast and secure. So be patient, things are progressing and we will have something soon.