First, I have been neglecting my weekly update duties. The next post may reveal the reason why. I had a very tight schedule to produce it and have required rest since. Hopefully you will all understand. I will be on vacation for a couple weeks, checking in, but the team will be adding the update posts to their workload. I have conveyed a preference for titling it "CGB Cote Team and Community Update" as the weekly timeline thing doesn't work so well when there are ups and downs and busy schedules interfere.
we greatly increase the value of a transactional instrument by deeming it to be a non-transactional, which excuses us of most of the leg-work. Then we just sit and wait until They figure it out, and hand their money over. [It's happened once; it must happen again.]
This is great fundamental analysis Mark. Hope doesn't do much. We have to actually wonder who it is exactly who is going to start using this if the awareness is not created.
Regarding what makes CGB valuable, we have beaten the horse dead as far as what makes CGB unique (in important ways). Mark is right to point out the critical path here. I would suggest that we look exactly to the history of gold and how it was adopted (or how we think it would be). We better quickly realize that it was used in coinage along with silver in pseudo standard sizes to facilitate trade. CGB right now is like gold nuggets and flakes. Many other coins are figuring out how to better interact with the network. I would only bother looking to Bitcoin for the potential. We may be conflating ease of use with ease of spending. Ease of use is critically important, though certainly gold is used as a currency throughout history.
An update will be coming along shortly regarding the CGB client specifically. To get a bigger picture of what CGB is bringing to the table and what will raise awareness about it, check out the theory we're operating on. I suspect its a bit higher level than most. The advantages of this may be underestimated.
And because I cant help it:
This is a preview, vault motif in the works. We are looking at September for release, still much to do.
