We understand everybody is anxiously awaiting the next update - we are preparing the beta release of our first OctoHub app and hope to have it live before August 1st. Once it is released, the wait between other releases will be considerably shorter as we are working on a number of projects simultaneously. In fact, we still have not officially decided which app will be the first. We know people are frustrated with the delay on the release of previous promises in the updated client/tip bot/etc but, while those projects are essentially complete, our investors are pushing different priorities and we have to cater to them first.

Obviously confidence in the currency itself is an important aspect of this project but, rest-assured, it will all come together soon. We aren't concerned with the current state of the altcoin market and we do not view other currencies as competition - we are doing something different and our goal is to create a true financial ecosystem built around OctoCoin and other major global currencies with both in-house enterprise-quality software and strategic partnerships. We will always be part of the altcoin economy as OctoCoin is, by definition, an altcoin. At the same time, we hope to eventually begin to distance ourselves from the dark cloud hovering over this economy and our investors are concerned about OctoCoin trading on the same exchanges as CryptoMETH, for example. A number of cryptocurrencies are flawed from a fundamental economics perspective and it's important we strike the proper balance.

All of our apps will be forced to remain in "beta" until the final (stable) release of PostgreSQL 9.4 as we heavily utilize the new JSONB "binary JSON" type and PostgreSQL 9.4 Beta 1 is the backbone of all of our apps. Despite the private pgSQL 9.4 Beta releasing at SXSW in March, there is still no ETA on pgSQL 9.4 (stable). This likely won't affect much but, for those of you with some insider information, it could create delays for our pending partnerships with financial institutions. If we had a better idea of the timeframe there, we may have considered incorporating a NoSQL solution into our projects (in addition to PostgreSQL) - we are simply too far along at this point to look back.

Finally, we will be looking to hire a part-time developer to assist with OctoHub and will be posting the application there soon. Our team consists of developers with varied backgrounds and, as such, we are using a wide-range of web technologies including Laravel (PHP), NodeJS/Socket.IO/Express, Apache, Nginx (primarily for load-balancing), PostgreSQL, Memcached, Redis, and JQuery/Bootstrap/AngularJS - obviously experience with at least a few of those will be a plus. All of our projects are managed in private GitHub branches and most of them will not be open source; as such, we would require an NDA to be executed. More details will be posted as they become available.

We would like to thank everybody for their continued patience - your patience will be rewarded.