The current version has already had smart contracts for 2 years. The newest one is actually very stable and fast. However, I need to update the daemon from the POS 3 fork. (You could build that yourself too)
This version of BlackHalo has decentralized markets as well.
So the goals this year:
Implement the cold staking technique
Finish the remaining templates (currently only custom smart contracts and cash for coins template is live)
And after all templates, I'm still working on NightTraders beta.
The challenge in NightTrader I've had is latency, if i finish the microtrader it will require time to complete trades so i dont want to release a product if people arent using it.
Regardless, I'm making it with either microtrading or perhaps a variation on atomic trades or multisig exchange. The drawback to multisig exchange is i take on some liability because our servers participate. Microtrading is fully decentralized but consider some transactions might take up to 10-20 trades. Imagine waiting for a trade to finish when involved in Bitcoin (days! no fun)
Bitbay will also get their much anticipated pegging.
The problem? My guy who did my marketing moved on to do a completely different business after I paid him.
So we have no marketing in BLK or in BAY or not even for BitHalo or NightTrader.
I cant code and market, coding is so much work i dont even have time to trade and that has costed quite a bit.
And sorry guys that I don't visit Bitcointalk much, I am usually on r/Blackcoin
Speaking of marketing we have a new site for Blackcoin at davtonia.com/blackcoin but its been hard to convince Gritt to help me push the redirect link back. Things like this are exactly what holds back our marketing.
Its been 2 years and we are still using the old site.
The site might not be the only antiquated thing. Seems "industry" is going with the block chains...smart contracts with decentralized applications all without the possibility of down time.
Crypts are evolving and ironing out a niche in the system, we either evolve and move forward with them or fade away and die with the rest.
The possibilities are causing multi millions to pour new seed money in...I think we are on the edifice of the next "internet" and its time for some big moves.
Venture capital is flowing into this new wild frontier, and where is BLK?
We have the smartest brains in the crypto world, thats why I have a position in BLK. I only hope we haven't become compliciant.
Yeah however Etherium is a bloated protocol. It cant be both a decentralized application and payment network.
Let me explain how serious of a problem this is. Bitcoin cannot even store BASIC TRANSACTIONS on the blockchain without grinding to a halt and sparking a huge blockchain size debate. This actualy problem is increased 10-20 fold if you think you are going to store applications in a decentralized way??? You would be out of your mind to think that.
This is why i've never agreed with the Eth business model of "selling dreams without solutions". And investors are apathetic saying "Oh its okay bandwidth will catch up"
But it wont. Etherium to survive will have to centralize and that is absolutely no good as a payment network.
So actually the blockchain is only good for notary, possibly validating a side chain and reporting errors.
So in all honestly the future is in the lightning network, a P2P debt transfer protocol. Something that allows peers to avoid reporting to the blockchain by transferring trust in time locks.
Etherium storing software on the blockchain?? Ridiculous. Imagine having to download all of youtube to watch a single video. The scalaing problem is very serious.
I do like the fact that they can augment the scripting system so in that respect Bitcoin and all its clones are dinosaurs. But Etherium cannot possibly be a solution because it cannot be decentralized in its proposed state.
Thank you for that. After reevaluating the situation I believe you are correct.
If you carefully read the fine print of what they say you will soon see the holes. Factom says its over $1000 for 1gb to be stored on the bitcoin network and they are just using a single hash, which is just a time stamp!?! ....So the time stamp is going to point to another location of the files? idk
I've already heard about Bitcoins blockchain issues (almost 65gigs atm? so full client is out) and like you said downloading all of youtube is not going to work for a crypto, it has to be fast.
Seems like they are mixing two good ideas to come up with a pile of garbage... Snake oil salesmen?