December 3, 2014 - Development Updates

1.) The testnet version still in heavy testing.
Right now the Simplified Payment Verification (SPV) for BTC transactions works flawlessly.
We are testing the Counterparty Send/Receive.
More updates soon. New code, new bugs to fix.

From now on, we will be switching gears and publishing builds more often after the testnet.
This way bugs will be found more easily from the community.
A Bug Bounty program will be posted in the near future.

2.) This is a reminder, when testing and implementation of software that deals with over 5000+ tokens that affect monetary value, due diligence/token holders must be the # 1 priority.

3.) Tilecoind protocol in progress.

4.) Demurrage fees will be applied to Tilecoin and other transactions that will reduce the total number of tokens. So, for example, right now there are 100,000,000, depending on what type of transaction is initiated via TilePay, a "burned" # of Tilecoin will be removed from the total number of Tilecoin available.

Regards,
ASIC-8Tile