I have one more question in regards to Alty, did he partake in the "pump and dump" of cloak coin? To be more precise, did he make a profit from the "pump and dump"?
Thanks for your previous answers
I am not sure how much Alty was personally invested in Cloak. If you are asking if he was the cause of the pump and dump then the answer is no. But maybe Alty will want to expound on my answer when he wakes up. It's 3am in France at the moment.
Cloak rose briefly to 350K satoshis iirc and spent a fair while at over 200K sats. For some time it was at an $8M marketcap level and knocking on the door of the $10M, it was doing 2000 plus btc volume a day and during mining it often came second only to litecoin in terms of gpu hashing power. If I'd actually sold my coins during this mega pump I could of earned about 600 btc plus from the 250,000 cloak that I held. I didn't because I thought and was hoping, as were many others, that the price would hold and we had a long term project on our hands. There was no ICO to pay for development, that was paid for out of my own pocket as were the coins that I accumulated from 25,000 to 60,000 sats. I held my cloak as it pumped without selling a single one and I held as it dropped right down to my entry price at which time I marginally recovered costs.
Do you have some info about how collected money from ICO attract on real development ? May be you need to post some roadmap what will be if you gain 200,300, 500,1000 btc ?
This is one for our development team to answer more precisely. The last time a similar question was asked, it stands at 600 btc for our 3 existing developers to work full time for one year. However there are a ton of other costs to consider including marketing which would include being present, participating and talking at cryptocurreny events.
Daily Dev UpdateRelated Blog PostRise-Web Enhanced Authentication (2FA)
Enhanced Authentication will be delayed a bit. We are integrating PassportJS with the NodeJS Web Application Framework, KeystoneJS, which is the core of Rise-Web, instead of just building it into our fork of KeystoneJS. This will take a bit more time to complete to the specifications of the Core Devs over at KeystoneJS, but we wanted to contribute back something to their project, and we figured Enhanced authentication would be a great thing to give back. We appologize for the delay, but it is coming. It will also be included in our Web-UI when we rebuild it in React.
Rise-Core
We finalized our new bitbucket repository with the fresh pull of Lisk's core repository today. We replayed our changes that we made to testnet, bringing it up to NodeJS 6.2.0 from 0.12.x, updated some package versions so we completely pass a Node Security Project check, and removed extraneous packages, including the DApp functionality in the core, and the custom Lisk-JS package.
I need to finish overlaying the testnet changes onto the Web-UI as well, and we will be ready to move on.
Next up we are going to create an installer utilizing a shell script to enable installation on any Ubuntu Server, and we are going to ensure the entire package runs on our Docker container system. This will coincide with a relaunch of the Testnet so you all can start running your own nodes and delegates without any issue.
Hipchat Pro
Atlassian graciously gave us a free set of Hipchat Pro licenses. We now have access to Hipchat Pro for all of our community memebers. This adds 1-to-1 Voice, Video, and Screen sharing, Unlimited File Storage, and Unlimited History Searching for our instance of Hipchat. This is in addition to the full licenses of the rest of the Atlassian cloud software we already have. Come join the community!
Next Generation Economy and Rise.Vision Dev Discussion
In a couple of weeks we will be hosting a community talk entitled "Next Generation Economy" in conjunction with ThinkTank Coworking in Portland, Maine. We will introduce CryptoCurrencies to the general community, show them some ways in which they can easily get involved, and open up for a bit of discussion on the future of a "manage it yourself" economy. We are doing this to increase our standing in the community, and become a visible presence for CryptoCurrencies in the State of Maine.
Immediately after this talk, we will be holding a Rise.Vision Dev Discussion for anyone who wishes to join. I (Justin R. Donnaruma) will be available to answer any questions you may have about Rise.Vision.
Both of these talks will be streamed via Google Hangouts live, questions will be accepted via Google Hangouts Chat, and will be recorded for viewing at your leisure. Specific date and time will be announced tomorrow once we finalize details with ThinkTank Coworking.
And one more thing...
As I was writing this update, we were accepted into the Microsoft Bizspark startup program!