The last round consisted of 30 hired mining rigs and on average they performed exactly as required.
Could you provide more details as to how it was not hashing so great, was it rejects or a the difficulty inappropriately set or something else?

I will post the details of the last round very shorty.

[19:37] <@MarkPfennig> Este, Pablo, when you were both in school, and the teacher took your work and checked it over, did you say that they had "marked" your work?
[19:41] <EsteNuno> yeah
[19:42] <EsteNuno> some might say graded
[19:42] <EsteNuno> but marked was the most common
[19:42] <@MarkPfennig> I was thinking about a button people could use, which said "Mark me", and another which said "Mark my work", when you clicked them they would be bitmark urls, so allow people to send a small amount of bitmark (some marks) to those people, the first would be social, the second would be used like flattr and on open source projects
[19:42] <@MarkPfennig> if successful "mark" would be the daily use currency, and primary brand, "bitmark" is just for our bootstrapping phase
[19:42] <@MarkPfennig> what do you think?
[19:42] <EsteNuno> sounds like a cool idea
[19:44] <EsteNuno> i could see people having it on their blogs and such
[19:44] <@MarkPfennig> "Bob just Marked you [amount]", "You have 123.21 Marks"
[19:44] <EsteNuno> you could still keep bitmark as the currency name but just use mark as the verb in this case
[19:45] <EsteNuno> unless you mean mark as in the unit of bitmark
[19:46] <EsteNuno> bitmark helps people associate it with bitcoin which is good for now since people are just barely understanding bitcoin at this point
[19:46] <EsteNuno> average people
[19:46] <EsteNuno> maybe not understanding it, but being aware anyway
[19:47] <@MarkPfennig> yes, I agree, Bitmark is the currency, a mark is just 0.001 bitmark, so both as a verb and a unit of currency.
[19:47] <EsteNuno> right
[19:47] <@MarkPfennig> do you know soundcloud?
[19:47] <EsteNuno> yeah
[19:48] <@MarkPfennig> if you could "mark a song" on soundcloud today, that would be a tip. Which would be fine for services like that to add I think.
[19:48] <@MarkPfennig> as value increased, "marking" a song or product, would literally be paying for it.
[19:48] <EsteNuno> yeah it would be a perfect place for that
[19:48] <@MarkPfennig> it could be a back door in to adoption, it encourages people to view a mark as something of value, and to think of it in the context we use money
[19:49] <EsteNuno> yeah, definitely
[19:50] <@MarkPfennig> just an idea .. two or three little buttons would be nice, I could then make a small generator for people on the website.. perhaps even getmarked.com or something like that
[19:50] <EsteNuno> i like the idea a lot
[19:50] <@MarkPfennig>
[19:50] <EsteNuno> things like that can really help us reach out beyond bitcoin
[19:51] <EsteNuno> get people who use BTM as their first crypto
[19:52] <EsteNuno> most post-bitcoin cryptos other than dogecoin don't even really consider that
[19:52] <EsteNuno> but i think it's important
[19:54] <EsteNuno> plus it will be easy to answer the question of "why bitmark over bitcoin" from someone who has heard of bitcoin but not bitmark yet by showing them how it can be used and the fact that it's faster and +++
[19:54] <@MarkPfennig> yes I feel the same, of the most importance
[19:55] <@MarkPfennig> a nice thing for us, is that to give somebody 500 marks free, is only 0.5 BTM, about 2 or 3 cents
[19:55] <EsteNuno> yeah
[19:55] <@MarkPfennig> and 500 marks could last a person a very long time
[19:56] <@MarkPfennig> and potentially be 500$
[19:56] <@MarkPfennig> also, if it takes somebody 4 months of blogging to get 1000 Marks, then 1 bitmark will represent something of value, something to be earned
[19:57] <EsteNuno> yeah, people will want to complete a full BTM
[19:58] <EsteNuno> like a game at first, then later more about the value as it grows
[19:59] <EsteNuno> people like to collect things
[20:00] <EsteNuno> not like a game in the sense that it has not value, but psychologically motivated to complete the whole
[20:01] <EsteNuno> just like people now often strive to save 1 BTC or round numbers of BTC
....
[20:03] <EsteNuno> getting a full BTM from getting "Marked" could be like a badge

Just want to think the person who rented our miner. Thank for showing us the future. As soon as there done they will become part of the community..

Thank you as always for your support and kind words.

Adoption
Creating GetMarked will be enjoyable, I feel it is something my friends and family would use.

Reputation systems such as scores, karma, and likes have proven successful, Marks are a distributed reputation system which can follow a user around the web, and also real life. The novel part is that they are backed by currency, they are literally currency, the more the marking system is used the higher the value of each single mark. This adds a layer of competition and incentivization for users, they will compete for marks and watch the value rise. Natural milestones exist, to get 1000 Marks, and later 100, adoption milestones where a mark is worth a cent, then ten. Eventually marking something could be synonymous with paying for something. Marks are to be earned, each mark earned by an individual adds value to all.

Consider marks to be spendable karma, an amusing post on a social network could pay for your coffee, marking a video of the crisis in syria could pay for aid on the ground, marking an article about a mistreated animal could pay for it's shelter, and marking this idea could pay for it's creation.

If I can explain it's far reaching impact in under a minute, then getmarked has merit and should be a priority for our project.

Transitioning
The process of a business transitioning from Bitcoin or Bitcoin based currencies to Bitmark is not so ambitious, and not so hard.

The question of 'Why?' is the one we must answer with a list of things of things which earn and maintain value. There are early bird incentives for any business who may adopt and take profit in BTM, the profit margin on a pair of shoes today may pay for a new point of sale terminal later.

Many of the technical considerations are minimal to any business who already uses cryptographic currency, as bitmark is always based on the current release of bitcoin, it is completely compatible today and next year.

I agree that it is wise to start work on an executive level model, and something which answers questions like 'can we use the same address?' and 'will our ecommerce system work with bitmark?', the answers to which we know are no and yes respectively.

You can be sure that both the community and I will support you in creating the document, as you are part of the community and we can all see this kind of support is what drives the project.


The ability to do this in any manner for any set of currencies already exists, anybody can do it in any direction. The flow of currency from one to another is a natural process, each entity chooses to do it based on their sentiment towards the currencies in question at that time.

The purpose of IPM is to promote fair balance and reasonable stability in all areas of Bitmark, as each area scales.

Suggest anything you like, all input on any avenue of the project is greatly appreciated and makes for an interesting discussion thread.

Very interesting ideas and also inspiring at the same time. I feel frustrated that some of my other crypto investments did not pan out well. I was committed to support this project and still am, but it'll just take some more time than I'd thought of. I will start mining this coin as soon as I get the required investment.
It is just refreshing to drop by into this thread to see continuous commitment and amazing ideas after wandering in this chaos-filled forum  

Is there still some room to acquire some BTM by investing in the IPM pool?

Also, do we have a reddit for open discussion?
http://www.reddit.com/r/bitmark