So, we are back with some news.
We mentioned the problem of scalability last time and there has been progress on two fronts.

Front one is our sidechain system, which is now a sidechains system. While originally designed to feature only a single sidechain for non transaction related data. A single one would have worked fine for a limited (think limited in the sense of a seven digit number) amount of connected devices, but would have broken down in case of major adoption.
To mitigate this, we will use the 40 byte of arbitrary data, which can be added to bitcoin transactions, for identifying purposes. Making use of this available data, our protocol will be able to handle a practical unlimited amount of sidechains. Actually, in theory it is not unlimited, but the number exceeds a decillion possible sidechains, which is unlimited for every practical scenario. Most likely this number will shrink during development as we may come up with additional information stored in the 40 bytes. So, the problem on front one is solved.

Front two is the amount of transactions in the main blockchain. This would also lead to problems if major adoption is achieved. The bad news is, this is out of our control. The good news is, Gavin Andresen sees this as a problem as well.

Bitcoin in general cannot achieve major adoption in ist current state. The amount of possible transactions does currently not exceed 80000 per day. A possible solution to this is stated by him here

http://www.coindesk.com/gavin-andresen-bitcoin-hard-fork/

In any case, it is an issue which has to be adressed sooner than later. We are confident, that it will be adressed. This means, that front two is being worked on as well, just not by us.

Now it is time to work on the second version of the protocol whitepaper and rewrite some information for the website.

We will be back with some additional news on the IPO and what our math guy and the engineer have to say about assembler in the coming days.