i answered a question from a member of the Burst community and post it here, to share my answer for everybody,
for better understanding the nature of our project:
Quote
it looks like soon we will be able to spend our burstcoin at merchants Grin
I miss the full details of this post. Is there a link to the main post or article? How is this related to Burst Coin I did see the nexus?
I miss the full details of this post. Is there a link to the main post or article? How is this related to Burst Coin I did see the nexus?
Burstcoin, or more precise @crowetic have joined us to develop thie Federated Blockchains Technologies.
This is (and will stay like this) a "nonprofit" opensource project in itself, but it has, of course, the aim, to create value for any altcoin
and will favour especially, to create value for everybody, who contributed.
The Company, i am talking about, in this post, is a different entity. Its a commercial startup, i am founding with some high level venture capitalists.
How this is related to Burst:
The question is good, the value for Burst comes in an indirect way, so its not easy to see. Let me explain:
The New Company will be offering Point-Of-Sales solutions for average enterprises, like restaurants merchants and so on especially focussing
on keeping the hardware affordable. It will support Europecoin, Bitcoin and all active members coins (like Burst) first
and any existing altcoin as soon, as Federated Blockchains has been published.
This solution will be based on the development of Federated Blockchains as a core, by plugging in, an accounting system, as one of the first APPs,
provided on the Federal Blockchains Network. Because of this concept, my new company is interested in the progress of the open project "Federated Blockchains".
Thats why we will support it by funding and by hiring developers, that are engaging the most for the project, to support their work.
That means for Burst
1) as an engaged member we can help the developer to free his mind and to focus his crypto engagement, by providing funds
2) the developer will be (of course) among the first persons, to know about APIs and corresponding business opportunity’s, to be able,
to have a commercial service online on the F.B. Network (just like my new company will), as one of the first APPs when we will be going public.
He will be far ahead of all those, who will then have to begin developing their service.
3) He will also be able to influence the decision making, because he IS one of the decision-makers.
(all active members are the project, there are no exclusive rights or ownerships for anybody)
Having outlined the advantages, of being an active F.B. member, its clear, that the news, of funding opportunities, is a great one for Burst to.
i hope i described everything in an understandable way,
its as difficult to describe, as it is to understand, (especially as a non native English speaker)
its a product of an "organic", two years, think and learn process
of the Europecoin community and its shared, to use joined forces, to bring it into reality.
We all and the whole crypto community will profit from this
if you have more questions please read the Paper
( http://www.europecoin.eu.org/europcoin-info-resources-2/press-info?download=36:federated-blockchains )
and after reading, don't be shy to ask questions
have fun
Matthias
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