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Topic: [ANN][EPESO] - E-Peso Initiative | Philippine Government-backed - page 3. (Read 69340 times)

legendary
Activity: 1428
Merit: 1001
Fucker of "the system"
how do i get thw coins
legendary
Activity: 1736
Merit: 1001
How do I sell this?

What is the point of this if it's never going to hit any exchange?

Clearinghouse don't even have Epeso/Via market anymore.

You can create any pair you want in Clearinghouse.
hero member
Activity: 1540
Merit: 500
How do I sell this?

What is the point of this if it's never going to hit any exchange?

Clearinghouse don't even have Epeso/Via market anymore.
sr. member
Activity: 448
Merit: 250
NOW do we have be online on any exchange?

well, its in our hands I would say. We could ask bter and Polienex to add ePeso. They allready implemented XCH which is the same tech. Should we start a campain?

edit: you can trade it on the DEX clearinghouse allready now.
legendary
Activity: 882
Merit: 1001
NOW do we have be online on any exchange?
legendary
Activity: 840
Merit: 1000
Interesting stuff.
legendary
Activity: 1064
Merit: 1000
Anyone running the clearinghoused, there is a new version to upgrade to now.
legendary
Activity: 1064
Merit: 1000
So, we have just wrapped up our free distribution at https://stellartalk.org/topic/6166-e-peso/?p=65588 and we are now moving to other online Filipino communities to distribute.

FAUCET:
We've just begun to study how to implement php faucets to Clearinghouse daemon. We have installed XCH servers on Linux machines which helped speed up the free distribution.

MOBILE WALLET:
Clearwallet is in active development - changing every three days or so. We need to be agile and implement a fast workflow to update the soon-to-be-released mobile wallet. Right now, we're studying the Python scripts and planning to modify it for ePeso purposes only.

VIACOIN / CLEARINGHOUSE NETWORK:

We discovered that the current state of the network only allows roughly 8 transactions per 30-60 seconds - much less when there are few active miners (We are aiming for 2,000 transactions per second for a viable national network). We assume miners are turned away from the current price of Viacoin and Clearinghouse coins, hence, the lack of miners. It seems that the network is under-valued or dying.

We also assume that if the network gets more miners and becomes more secure, the number of confirmations allowed in a specific time range will improve. Until then, ePeso cannot be adopted in a nation-wide level.

We sincerely hope that any revolutionary development in Viacoin will change the current state.

Nice work on the faucets. I am very very interested to hear about the mobile wallet you are developing!
Regarding mining, this is somewhat correlated to price, and somewhat perceived price potential at least. This is because miners need compensation for their work to cover costs and will tend to mine whatever is most profitable for them at the time.
Regarding tps, no blockchain can currently scale to 2000 tps. Bitcoin is about 7tps with current blocksizes, and Viacoin, assuming we were to use the same 1MB blocksize would be 175 tps.

Treechains should allow scaling to very large numbers but this is still under research and development.
newbie
Activity: 58
Merit: 0
So, we have just wrapped up our free distribution at https://stellartalk.org/topic/6166-e-peso/?p=65588 and we are now moving to other online Filipino communities to distribute.

FAUCET:
We've just begun to study how to implement php faucets to Clearinghouse daemon. We have installed XCH servers on Linux machines which helped speed up the free distribution.

MOBILE WALLET:
Clearwallet is in active development - changing every three days or so. We need to be agile and implement a fast workflow to update the soon-to-be-released mobile wallet. Right now, we're studying the Python scripts and planning to modify it for ePeso purposes only.

VIACOIN / CLEARINGHOUSE NETWORK:

We discovered that the current state of the network only allows roughly 8 transactions per 30-60 seconds - much less when there are few active miners (We are aiming for 2,000 transactions per second for a viable national network). We assume miners are turned away from the current price of Viacoin and Clearinghouse coins, hence, the lack of miners. It seems that the network is under-valued or dying.

We also assume that if the network gets more miners and becomes more secure, the number of confirmations allowed in a specific time range will improve. Until then, ePeso cannot be adopted in a nation-wide level.

We sincerely hope that any revolutionary development in Viacoin will change the current state.

suggest you PM btcdrak, or chat on freenode: https://kiwiirc.com/client/irc.freenode.net:6666/viacoin-dev
sr. member
Activity: 924
Merit: 260
So, we have just wrapped up our free distribution at https://stellartalk.org/topic/6166-e-peso/?p=65588 and we are now moving to other online Filipino communities to distribute.

FAUCET:
We've just begun to study how to implement php faucets to Clearinghouse daemon. We have installed XCH servers on Linux machines which helped speed up the free distribution.

MOBILE WALLET:
Clearwallet is in active development - changing every three days or so. We need to be agile and implement a fast workflow to update the soon-to-be-released mobile wallet. Right now, we're studying the Python scripts and planning to modify it for ePeso purposes only.

VIACOIN / CLEARINGHOUSE NETWORK:

We discovered that the current state of the network only allows roughly 8 transactions per 30-60 seconds - much less when there are few active miners (We are aiming for 2,000 transactions per second for a viable national network). We assume miners are turned away from the current price of Viacoin and Clearinghouse coins, hence, the lack of miners. It seems that the network is under-valued or dying.

We also assume that if the network gets more miners and becomes more secure, the number of confirmations allowed in a specific time range will improve. Until then, ePeso cannot be adopted in a nation-wide level.

We sincerely hope that any revolutionary development in Viacoin will change the current state.
hero member
Activity: 742
Merit: 500
Thanks devs. There are not only trolls in crypto. Keep on the good work!
thanks for update from the dev,
it is better to have a good communication between us.
sr. member
Activity: 448
Merit: 250
Thanks devs. There are not only trolls in crypto. Keep on the good work!
sr. member
Activity: 924
Merit: 260
Hiya, gimme a few more and I have another forum where I can give it away for free. I can't say which one since I'm just a member, but there are some pretty big hitters there, and a whole bunch of pinoys as well.

Let's talk about it later on. We still need to do something else.

When will we see the Faucet?
what's the next plan of dev team after the free distribution?

The faucet is still under development, which has taken most of our time. In fact, we may have to ask for more budget from our government client. Our main problem is how to discern if the wallet recipient is Filipino. Also we plan to send out epesos to 10,000 to 100,000 addresses.

After the distribution, we plan to test how holders will use epesos in a local environment (for example, one village). However we need to build simple infrastructures in order to enable that (over-the-counter exchanges, merchant acceptance, etc). We have been studying Hullcoin, so we look at that for guidance.

when will this be ready for trading

I've been reading the threads here at Bitcointalk. It seems the culture here is to acquire as much crypto-currencies by mining or by purchasing large amounts in order to "dump" to unsuspecting buyers. I'm sorry to say that exchange listing is the least of our priorities. We want this to work.

True but EPESO distribution was free and it needs some time to be valuable...

Right, and I'm not sure how that would ever happen.

If a government entity wants to create a Crypto currency that is official or somehow tied to or backed by their actual currency, they aren't going to BUY some existing tokens.

They are going to issue Tokens and require that they are purchased with Fiat pesos. They would have full control over the tokens population.

So, that said, I'm pretty sure this would be a prof of concept token which the apps, etc, are written to use. But, if those assets are accepted/acquired they would be switched to the officially backed government token.

If the Dev thinks or implies that these tokens would become the actual tokens I really think he is mistaken. If anything, the Gov't would "pay" him for any Software that he creates which they could then brand, sign, and tie to their official currency asset token. They also might hire him to help maintain/enhance any other infrastructure they require.


The congressional bill calls for 1 billion units, not 100 million units. If the government adopts epeso, they will probably issue 900,000,000 units more. Being an internet money, no entity can control its migration. The Philippine government can only guarantee 1 epeso per 1 php exchanged within its borders and its banks, but they cannot control its exchange outside its borders or in the internet.

Like we stated in the OP, we or the government may/may not compensate beta-users of epeso. We don't know. However, if the cost of building new infrastructures for a replacement token is greater, then, who knows. For example, total value of infrastructures built is $400,000, then every 250 epesos is equivalent to one US dollar (why start from scratch?).

The software is already paid for. We don't hold the rights.

UPDATE:

We are still developing the faucet aimed at distributing to Filipinos. The free distribution have been slower at the other online community. It seems that most crypto-enthusiasts are already here in this forum. In that light, we will probably need to explain the concept of crypto-currencies to other Filipino communities.

If you're not happy with the free epeso given, I suggest you return it so we can give it away to someone else willing to participate.  
newbie
Activity: 45
Merit: 0
Will purchasing viacoin make me e-peso's? Huh
newbie
Activity: 45
Merit: 0
Will this be the main page when the coin goes up? I'm going to follow this every week day by day. Shocked
sr. member
Activity: 448
Merit: 250
hello devs, how are you doing? Please give a live sign.
hero member
Activity: 770
Merit: 500
total coin?
PoW or PoS?


It is neither PoW or PoS, it is a Clearinghouse asset. The population can be changed by the asset issuer.

any update from the dev team?
no news.
full member
Activity: 147
Merit: 100
another two accounts not in use?
legendary
Activity: 1008
Merit: 1000
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