Weekly Update #14:
Robert Ross is a Counterparty Foundation Community Director and the Director of FoldingCoin Inc. Each week Robert and various guests will bring you the news of what has been going on in the Counterparty communities and also touching base on the other Bitcoin 2.0 communities.
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- Symbiont has released a new blog titled "Why Symbiont Believes Blockchain securities are Wall Street’s Future". In the article the following is stated:
Symbiont launched its first blockchain-based private security earlier this month, converting its founders’ shares, convertible preferred shares and convertible note terms to function on the blockchain. Symbiont CEO Mark Smith opened up on the firm and its market strategy, suggesting that the private equities market will be its main focus. The FX trading veteran and founder of early ETrade alternative MatchBookFX called a robust private securities market “the only future” given that many startups are avoiding public offerings. Adam Krellenstein indicated that Symbiont has created its own “full-featured smart contract language” that works with bitcoin using embedded consensus, and that was built from the ground up to be transferable to other blockchains. “We have a smart securities system, it’s a layer on top of bitcoin, it encodes execution data and publication data in transactions, publishing to the blockchain, so all the data is on the bitcoin blockchain,” Krellenstein said. With this developed, he continued, Symbiont is now focusing on developing its front end and APIs, which will seek to enable its clients to use the technology on their own. Krellenstein suggested this technology was different from token-based systems, such as those in use at Overstock’s tØ platform. Symbiont has not applied for a BitLicense in New York, but suggested it is in talks with FINRA and the SEC to ensure its compliance. “We don’t touch fiat or crypto, we don’t money transfer,” Smith said. “Our customer is responsible for KYC and AML that they sponsor onto our permissioned network. We’re never a counterparty for a trade, we never custody a currency fiat or crypto."
WOODSHARES released a report on August 10th that I missed, so i will be covering it now. WoodShares has so far raised 10 BTC using the Tokenly Swapbot to sell tokens. Finnovista selected WoodShares recently a 5 minute pitch at the wayra conference. Wayra is a Spanish startup conference. An article by Latin America BTCnews reported on the project. And finally, WoodShares had an interview on B Libre discussing the project.
An tutorial video about Tokenly Pockets has been released in Spanish on YouTube.
- Spells of Genesis had another Interview on the Tatiana Show with special guest Erik Voorhess. After the show, Tatiana stated the following in Skype:
Guess what? Now I like video games, It's a mirable!
The crowdsale for Spells of Genesis is ending soon so if you are looking to participate you need to within the week. Crowdsale ends September 3rd
- In a new blog posting by Storj Labs, the following is stated about test group B:
We are ready for Test Group B. We will give users a few hours before we take a snapshot and distribute 100,000 SJCX in rewards for the second milestone. Any SJCX address can participate for testing purposes, but to receive a reward holding a 10,000 SJCX balance is required. If you haven’t already joined Test Group B, you can find a step-by-step guide to our client software here. If you already installed the software in the previous email, an upgrade to version 1.3 is mandatory to receive a reward. Non-crowdsale participants will have to contribute to the rewards pool at a later date (we would rather move forward on testing and do that later). We are happy to have you with us and look forward to reaching the 1 PB milestone with your help!
- GetGems has released their development update #16. In this update Gems has announced a few new things. Gems has hired Chen Eilat who is a problem solving enthusiast, focusing on the user’s needs. 3 new features are available on the Android version of GetGems (iOS to come later I am assuming) and they are:
Smart Contextual Stickers: Forget the boring smileys, inconvenience of searching for Gifs, now GetGems analyzes your text and highlights key words and phrases that can easily be replaced by native Telegram Stickers and cool gifs!
Quick Money Transfer Button: Gems added the Gems Button, now you can send and tip Gems with one click.
- Telegram Merge: This update also includes the latest Telegram code (3.1.2)
- IndieSquare has released a new update the mobile wallet. There is a discussion going on at the CounterpartyTalk forums. The following is a list of the newest features:
push notifications, Right now, only between IndieSquare wallets but in the future will be available for any incoming transactions. By setting up your username from setting, your name will be include in the other party's notification
Sign out of the account
Token icons for bitcoin and XCP
- you need to type in your pin to see the passphrase
In the Community
- Bytecoin.org released a few blogs discussing the various kinds of "proofs" in the crypto-currency space. From the article about "Proof of burn" the following is stated:
Proof of Burn works exactly the way you thought: instead of burning electricity you should destroy your digital coins. No, you do not have to format your hard drive. You "burn" them by sending to such address where they cannot be redeemed. For example, to the address, which is a hash of a random number: chances for someone picking public and private keys for it are negligible.
Shout Outs and Sponsorship's
- None this week