Apologies for not checking in more frequently here. I continue to be working seven days a week generally, and lately, my internet connection at home has crapped out.

Not much new technically speaking. We should be hammering out the specifications for NYAN3 (hard-forking release tentatively scheduled for sometime 2017). Initially proposed is a block size increase (to prove we can, not because we need it now. Also suggested is a difficulty function change (the current one takes too long to increase, then increases too much; we want a faster, smoother response). And the third part is putting in an OP_DATA type of functionality which will allow us to ultimately build a forum system on the Nyanchain and other applications as well.

In community, as mentioned above, we have a NYAN Parlement formed. I haven't been as active there yet as I will be, but I hope to make this a useful body.

In finance, we surprisingly had a large spike recently. It looks like someone just suddenly threw a bunch of money (a few BTC) at NYAN. Personally, I always advocate slower, more long-term buying, after perhaps learning a little bit of a lesson early on in the revival (first quarter of 2015) when americanpegasus and I bid each other up unsustainably (and haven't yet regained the 60+ satoshi we were hitting by the end of that, apart from briefly during this spike). This spike went up to a bit over 400 satoshi apparently, but now we're back to 10 satoshi, which is still up from the 7-9 satoshi I'd been trading at, but a tiny bump compared to the money thrown at it.

Still, regardless of how it comes, this helps us. I had a 100,000 NYAN ask at 300 satoshi, and that got filled. That's going to go back into buying NYAN at market prices (now apparently 10-12 satoshi rather than 7-9 satoshi). My hope is that we'll see more and more Nekonauts acting as market makers like this in the future, and investing into more and more NYAN.

I'd really like to know who was behind this and I hope they will continue to gamble on NYAN. But even if this was a one-time event, it has definitely helped give some more energy to us and take some cheap (and some not-as-cheap) NYAN off the market. And that's very much appreciated.

Cheers!

CoinaDay

Posts

Merits