Quote from: Videlicet on August 11, 2015, 01:51:51 AM

Development:

Quote from: Videlicet on August 10, 2015, 12:05:47 AM

More features to come such as Reversible Transactions, Two Way Signatures, Trust Network, Syncless Wallets, so forth. Nexus Proof of Stake is laying the backbone with Trust Keys, which will eventually grow into the consensus protocols that will support the Trust Network using the LLL [Lower Level Library] I've been developing in parallel. This includes Template Database, Template Protocol, Template Serialization, Utilities, etc. operating in the range of 10k - 100k Requests per Second, allowing the network to scale indefinitely without sacrifice to speed and efficiency, and cutting out arduous byte level programming requirements with disk sectors, protocol packets, serialization, etc. I'm most likely going to release the next major update with LLL integration, to lay the foundation for the consensus protocols, and increase the efficiency in data storage / retrieval.

Reserves:
I'll do some looking into the reserves code for the wallet, and ensure it uses the same reference block as getmininginfo as this is the command that is distributing the data to nexusniro.com

Corp:
Legally it would need to be licenses as a C corp in order to have public trading, the Niro could be considered property to the Corp, but as I see this this will subject the company to FINCEN guidelines which in essence will cost quite a substantial amount of money for money transmitter licenses. This would be something for the future, but as I see it the software develops value into the Niro, with the corporation backing the Niro which will enhance the Niro bringing the same result just without all the legal constraints.

Bitcoin:

Quote from: Videlicet on August 10, 2015, 12:05:47 AM

To helping other currencies this has evolved into a merging system which will allow currencies to be fused together into the host currency, with minimal inflation generated into host, and allowing bag holders a way out of the market if it has lost all buy support.

You can read from the quote the merging system is being designed as the way to help the bag holders that have incurred losses, or to merge together subpar technology but allowing communities to come together so that we have less coins in the marketplace, and stronger communities. A lot of my work is in part of developing technology that overcomes limitations that bitcoin hasn't such as burnt coins, reversible transactions, protocol efficiency, 51% attacks, double spends, etc. and also new technologies to consolidate the gross number of clone coins in the industry.

Thank You,
Viz.

question. bag holders give you bags for niro.... what if they just sell the niro they got for the bags? easy cash out for anyone with bags i think

TruthSeeker101

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