Quote from: bithic on February 02, 2014, 07:04:43 AM

Quote from: jl777 on February 01, 2014, 10:23:24 PM

emunie and etherium update:

Very active times in the next gen crypto space. I know laws aren't supposed to apply in crytoland, but crypto is getting big enough that it is overlapping the real world

Rumours of the incorporation of emunie seem to be fully confirmed. They are a UK company now, subject to all the laws of her Majesty. Probably a very wise move, considering all the potential liability a large scale IPO with uncertain results could incur. By incorporating, Dan has the ability to create golden parachutes, large salaries, dividends, etc. Even long time fanboys of emunie are upset. Not sure of percentage ownership, but my guess is vast majority is owned by Dan. Shrewd financial operator, with dubious ability to predict crypto markets as evidenced by BCNext's hat.

This move to being fully incorporated makes emunie into Ripple 2.0! Since emunie won't have fiat gateways or external exchanges, the big impact will be in ease of use and raising the bar as to what people expect. I urge all client developers to study the emunie beta (if you can download it) to make sure we are doing all we can in the usability side. From what I have heard emunie has an excellent GUI and we can't ignore any excellence regardless of where it is.

If anybody knows of any actual functionality that NXT (of 2 months from now) lacks in comparison to emunie, please let me know so I can make sure we fill the gap.

On the etherium side, they actually listened to negative feedback on their IPO structure and pulled the IPO. Not sure if what they come back with will be simpler or more complicated, but they announced a testnet release. If anybody has any actual experience with their testnet please post what relevant things etherium has or could have.

We now have the funds to proactively outdo ALL the competition. As the leading second gen crypto, as long as we defend against competitors, we win. Oh, TF and 1000TPS makes us win too, but I just want to win even without that. Better to win by 1000 kilometers than by just a kilometer.

James

Good idea.

Also, it's been a while since I've checked in with eMunie, but I believe the claim is it will be able to handle credit card transaction volumes at very high speeds. We may have stiff competition on this front.

I guess there is some small chance emunie's price controls doesn't create a downward spike and implodes, at least for a few months. Best to make NXT as strong as possible in all areas.