Selected highlights:- the pool mining server and daemon have been running for weeks without complaint
- At this time, we are still waiting for response from NovaExchange regarding listing, as their 1 BTC listing fee is something the core team is able to budget out of personal coffers
- development has not been tremendously fruitful as of late
- active on Twitter and Bitcointalk
- Going forward, we plan to publish a monthly summary of the happenings of Intense Coin, on or about the 15th of the month (the launch anniversary of Intense).
- Following our roadmap, the items on our immediate agenda are paper wallet generation (a la BIP39), ITNS listing on an exchange, a Slack tipbot, and a Twitter awareness ad campaign
AnalysisFirst the bad stuff: development of the VPN solution not being fruitful is a little concerning. This project has a lot of potential but it'll require a credible path to actually building the VPN solution. That said it's only been a month and we should see how things stand over the next few ones.
The good stuff: The developers are willing to pay 1 BTC out of their person pockets to get it listed. That shows a serious commitment by the developer, and so, per my previous point, even if they didn't have a great first month, it shows that they intend to make some true progress.
Moreover the promise to provide monthly updates is also a really positive move. Open and clear communication will build a lot of trust and interest in the project. It's like a company publishing quarterly reports.
All in all in my mind this update
substantially boosted the value of this coin. Before we kind of just had to take it on face value that a VPN solution would be built. Now we have some evidence that developers are both serious about it and will give us honest updates about its development.
SyrioForElle, thanks very much for your comprehensive summary and analysis.
I would ask for your reconsideration of labeling the lack of VPN progress as concerning. Unanticipated and exorbitant amounts of time and resources were dedicated to resolving and maintaining issues with the core branch after launch. We used the CryptoNote reference implementation, thinking that was the best as it's right from the CN foundation and developers, but in fact it turned out to be neglected and rife with issues. Upgrading the core code, the pool software, and triaging all of the snags that came about as a result of those actions tied us up from time that should have been spent on VPN-related activities.
I am not stating these facts to be defensive, but to hopefully share insight for the uninitiated on the reasons behind our current delayed status.
We have now patched up these issues and feel, at last, pleased with the coin itself, leaving us to focus on more important matters (the actual development of the VPN service)! Also note that there have been efforts mentioned to discuss the work with private contacts and some VPN companies, so it wasn't a complete wash.
R&D continues. At this very moment I am consulting with a firm that has worked on a similar project. While it took longer than we would like to get to this point, as you said it has only been a month, and we are working diligently to have significant progress in the VPN arena by the next monthly report.
We appreciate your positivity and support.
