spent most of last night reviewing identifi from sirius/martti, spoken with him about it all day so far. It seems that our projects have mutual needs, so will be working to have identifi in with marking, which will give us a big open p2p trust network as another backbone for our system

Very interesting - skim read the Git info - will try and absorb it properly! 

Do you have a rough comparison of the amount of BTM you mined during the high diff and low diff period?

i figured out what i was missing the other day re the difficulty. hadn't equated the slowness of the blocks vs the number of days to change to lower diff, rather than the standard 11hrs.

also i see that we miners that are sticking to the network are true and all else are here to get the short term payout, not complaining, but would be nice to have a greater reward over the slow period for those that are sticking with the program ... or maybe the big miners stick around rather than increasing the diff and running. hopefully one day.

same with us, hanging in there to support the growth of the bitmark network, at this point in time it is working, as long as the price of bitmark hovers around 20-25k sats then its all working for us. 

@coinsolidation, can you reply my message, I PMed you two times but no answers.

For the quickest responses email mark@bitmark.co at any time - I'm online many hours each day.

tobeaj2mer01 is correct, and is a good man, yet we are also unclear.

Here is our conversation from pm around the time of investment:




Context is important, the messages were discussing the then current funding proposal in it's earliest incarnation:


At the time of investment the marking document he read stated:


Notice there is a discrepancy between both those last quotes, the first equates to 25% returned as BTM, and the second to 20% returned as BTM.

Subsequently tobeaj2mer01 did invest 0.5 BTC.

The issue is that tobeaj2mer01 needs some BTM for his investment, and I have agreed to send him a 'fair' amount of BTM.

But it is unclear whether that should be:

1. 20% (0.1 BTC) worth of BTM
2. 25% (0.125 BTC) worth of BTM
3. 100% (0.5 BTC) worth of BTM

And for each of those at which price point?

As a community what is your understanding after reading that, and what is a fair amount of BTM to be sending back in return for his early investment?

I had been working on the basis of 3, and trying to put anything I could in to acquiring additional BTM to send to tobeaj2mer01 to resolve this.

Hope that helps clarify as to the current status - I will link tobeaj2mer01 here to read this also and comment.

Let us first resolve this, then I will reply to other posts in a separate response.

Warm Regards,

Mark

Let's update as to the status of the project.

Marking is the primary focus and is being discussed intensively outwith this forum, with academics, technology specialists, socio economic specialists, people working on future systems, hackers, institutes, other projects, teams of students - the first primitive usages of marking (through twitter, and irc) are currently being created.

Discussion is mainly around how it will work technically, how it relates to Web of Trust and accountability, how it applies to decentralized autonomous organisations, communities, companies, and how it will utilize identifi among other technologies.

This is the primary part of the project, the primary usage, and sorry but also the part that will bring in funding to allow us to make it all a reality, so it is given precedence.

Outstanding we have:

1. An IPM pool which is 95% complete, it requires some UI elements and integration with ...
2. The bitmark.co website, which is 75% compete, and requires some further work,
3. A user focused website about the daily use marking, this is nearing completion and is to be released with the first usable marking, the twitter integration.

I have written these in chronological order, to the overall project and to maintain progress and enable further progress as our project rapidly evolves, they are required in reverse order.

If marking were to be released right now it would be used by many and spur our project on in multiple interested communities, if bitmark.co was released right now it would be viewed by a few, if the IPM pool were released right now there would be maybe two miners wanting to swap on to it to get some btc, and all investors who would potentially use it would find it cheaper to buy on market.

Scope grows daily, so many people are coming to the project from every corner of the web, and also many people who want to work on it part and full time.

Everything reduces to what is in demand, and bluntly, funding. If we were a well funded project there would be a team of people working round the clock on many different aspects and producing great things, that's in addition to my own productivity increasing substantially - given even quarter of the funding of these IPO scams people are so keen to invest in we'd be one of the most exciting productive and innovative projects on the web, let alone this forum. This is not the case, so please bare with me whilst I (and others) react to demand and have several meetings per day, we are working incredibly hard to create something new with far reaching impact and scope, far beyond the scope of this forum and existing crypto currency userbases, and beyond that of all current alt-coins combined.

Thanks, that is exactly it.

Somebody with contacts and your exact mentality is currently working hard to reach out VCs who have future interest in the system we are creating (not the currency btm), perhaps something will come of that.

I quote: "it's a bit fkn annoying that timelines cash, become so difficult when doing stuff you believe in.  hopefully we can change that paradigm [with marking]".

The irony is that this project provides the funding model for any project like it in the future, in any domain, it's a crowd sourced funding model and reputation system where if you work hard and create things people like, the likes given (marks) directly translate to money which funds what you do organically.

LOL