Greetings everyone,

We will no longer be hardforking Boolberry. We will be fairly launching as a separate currency with a small pre-mine for research, development and marketing along with a small mining tax to support on going project related endeavors.

We will also be pivoting to a new zero knowledge system developed by our researchers. This new system will require us to forgo ring signatures and stealth addresses. Since we won't be using our ShortRingCCT research, we're planning on migrating that it into Boolberry, so if you're interested in that head over to the BBR thread and join the community.

BBR Thread:
https://bitcointalk.org/index.php?topic=577267.0

Itsuku will be reserved for Doubloon along with our new zero knowledge system and our i2pd integration.

Sorry for all the confusion here but this was a recent development in the project direction and we decided it was best to bring our prior work on ShortRingCCT to make Boolberry a stronger competitor in the privacy vertical now that the original developer is back on the project full time. I've updated the ANN to reflect the pivot in direction for the project.

We believe this is the best direction for our project's integrity as all coins will be mined through Itsuku rather than generated through a hardfork.

Thanks all!

Since announcement, we have significantly improved our services.
Firstly, we have expanded a number of cash withdrawal and deposit options to have one of the widest globally:
http://www.coindesk.com/spectrocoin-launches-bitcoin-cash-service-25-countries/

Secondly, we have launched a merchant solution to accept Bitcoin payments through API, e-commerce plugins and libraries:
https://spectrocoin.com/en/merchants.html

Thirdly, we have launched mobile wallets with full functionality for iOS, Android and Windows Mobile.

I am the IT department team member of an investment company, and the company wanted to create a coin to distribute to its investor and this company coin is backed by BTC/ETH/FIAT

The question is

Should we create the coin under ETC network or BTC network, whats the difference of PRO & CONS.

I tried before forking a coin in BTC a few years ago,  but the issue is our requirements are


1) We don't want anyone to be able to get the coin other than the company who will supply it / through exchange
2) We want a max coin to be distribute and the owner of all the max coin will be the company initially
3) We have a plan to pump in 6 figures USD every week in term of BTC/ETH to buy back the coin that we distribute out through Coin Exchange.
4) We want to able to create wallet address for our investor and send the coin to this address.
5) We want to able to automatically through CLI send out investment payment in term of coin to investor wallet address. (I know BTC fork can do this, e.g Dice site to process withdrawal etc) and to monitor incoming payment to our BTC/ETH wallet
6) We want to able to send the key and the address so that we can guide our investor on how to setup account on Coin Exchange and to link their coin wallet to their exchange account.
7) We have intention to pay BTC to get it listed on Exchange to make it easy for our investor to convert it to BTC (which we will buy from that exchange)

Which coin should we fork our coin on , ETH or BTC. What do you suggest.

If we choose to fork in BTC, is there a way we can prevent outsider to mine it (e.g set extreme difficulty to even mine 1 coin of it) which is fine for us.

Is there a way to prevent error from happening, because if we use BTC, we would need to pre-mine a lot of it, and would it cause the client to go haywire.

Thanks for your generous advise.

Ideas and business plans have no real meaning, execution is everything. Excellent quote from Paul Graham (http://paulgraham.com/ideas.html):

Actually, startup ideas are not million dollar ideas, and here's an experiment you can try to prove it: just try to sell one. Nothing evolves faster than markets. The fact that there's no market for startup ideas suggests there's no demand. Which means, in the narrow sense of the word, that startup ideas are worthless.