Hi and first of all thank you for the interest, yes we are still on schedule, and sorry for the late reply, as you can guess we are very busy working on 2.0 there is still things to do, and we need to make sure that everything works fine and perfect and also we need to make sure that there are no security holes. Exact details on how the blockchain will work we are not ready yet to share unfortunately, but all the mined Credits CRD will be used by default and there is no magic to be done from the user side to use the 2.0 wallet. Most likely the release date for 2.0 will be at the end of september, that is if we do not encounter any problems till then. releasing an alpha is something what we have considered but did not decide yet to do so.

the wallet will not be web based, but depending on the blockchain completely and it will be decentralized, and we will have an option for users to set up exchange nodes. those will be paid monthly by uptime and will be paid by the trading fee's , also there will be a lottery, details about it are, that there will be multiple lotteries, like a daily lottery, a weekly one and also a monthly lottery, where in every case a different minimum amount will need to be put into. There will be also a merchant place in the wallet where shops will be able to sell their products and also there will be a possibility for merchants to do lotteries with products for example like their ASIC hardware or other things to, you will be able to sort things there as you wish. Once the last blocks are mined, the transactions will have a new way of getting confirmed we can at this point not disclose that either. We have been thinking about keeping the Source code private for the while till Credits CRD gets established and widely known and accepted but we have not decided on this either at this point, because we are 100% confident that people will be mistrusting CRD then and rumors will come up like 2.0 has a virus or is stealing passwords or coins or anything like that, so at this point we think there might be no way around releasing the src code on the same day as the client.

EDIT: We are planing to put the premine to a good use, please see the bounty section, the 1st one, that is what we need for now, and once that is done we will be making paper wallets for distribution world wide, for now we are planning ~50 Countries world wide 10000 paper wallets each containing ~30CRD so that is 50*10k*30CRD. the distribution will be done by the people and they will be rewarded.

thank you once again for the interest in Credits CRD

Quote from: iaminitnow06 on August 19, 2014, 02:18:54 PM

Hi, Any updates? The launch time is approaching. A true decentralized exchange will be the next big thing in crypto-world after all the Mt-Gox, Mintpal and BTER fiasco. I have tweeted about Credits decentralized ecxhange but there seems to be very less interest in it atm. Maybe you can develop a twitter tip-bot Huh

We should start another signature campaign with greater rewards:maybe 2000 credits/week. Also shout out a huge giveaway, ex: 400K CRD to first 200 people(Juniour member or above) who promote and use Credits in some way. More amounts will be even better. I think it's time to put that 'bounty and giveaway' Credits into action.
Although you have uploaded a video of the exchange, more details need to surface if you plan to take the news to a wider audience.
Some questions:
-When is the exact release date?
- It is a very ambitious thing which you're trying to achieve. I'm sure that an alpha test release to the general public will be a huge help to irradicate bugs and it will help in improving the overall wallet structure. In the meantime it will also make people believe in the project after seeing the actual exchange in action. I will be very excited to test it and some other people who I talked with about this project are also very interested. You can keep the source private for 6 months to 1 year to block any disadvantages from copycats. Even if you release the alpha-client before a week of the actual release, it'll be huge for bug testing. Are you planning to release an alpha-client? (Most important)
-How will the current blockchain store all the data of all the other coins? What are the blockchain tactics that you are going to deploy? Or will you create a different blockchain altogether for the wallet version 2.0?
-Will it be a web based wallet or will it be totally controlled by the blockchain itself?
-What happens when the POW ends? How do you plan to support the network after that? POS?
-More details on the lotteries, please

Too many shitstorms exist in the crypto-world atm. Without the above concerns and ideas addressed, I see a very bumpy road ahead for Credits atleast until the launch.
Thank you,
An investor, an admirer, a supporter of the Credits project Grin