Topic: [RELEASED]BitMoney.i2p - Centralized|Const solo POW|Unlimited supply|Instant tx - page 2. (Read 14271 times)

Hello guys!
We are constantly working on the next stage, so all is ok.
There were no any serious attempts to find services owners to offer them integration (only up price in this topic, but nobody sees it).
In January I'll visit SEO forums and will search for people who owns services and would like to integrate them for clear money (BTC).
The main goal now and in the future is still further system development.
Thank you for support and Happy New Year!

Either developers don't see this info either money is too small, we'll try to change both parameters soon. Probably this week we'll try a little signature campaign too to attract some action. I think about BitMoney or direct BTC with discount payments, discount % is under discussion.

Well, at least we are testing price stability concept now, and it's working as expected - for many miners 3500+ price range become unprofitable and they stopped, we returned back to 3000.

still no luck finding testers? hmm too bad, when i get time i will try to collect potential crypto services that rely on micro transactions and post a list here so you can try to contact them directly.. btw. updated signature, that's one hell of a reward.

Reward up to 111k (or 0.032 btc or 14$ with current rates). Who wants to get BTC instead full or partly - I can send BTC directly but with exchange rate equals current +20%.

Reward for integration example (look 1st post for conditions) up to 91k (with current exchange rates around 10$ or 0.023BTC). Now Android or Apple apps are paid too. I'll write some guide soon how to install VNC workspace with Mono on VPS so if there were troubles with it they will be resolved i hope. Bump

Reward up to 76k.

P.S. Post here please any service you know who might be interested in cheap and fast micro-payments service, I'll try to contact them for integration.

Double thank you. I am sure, we are on the right track.

Server restart in 15 minutes.

P.S. Discussion (started from https://bitcointalksearch.org/topic/m.13163849) was interesting, thanks to deisik he asked many right questions. I didn't convince him but there are some expanded answers about the project.

We had a small talk with a guy in other topic https://bitcointalk.org/index.php?topic=1268279.120
He generally discussed BitMoney with z0rg1ink, but I also add a small view on our project.
It may help newcomers to understand our general ideas, so I want to paste it here either.
-----
Just have noticed this discussion. I am also a member of BitMoney dev-team. Hope to make all clear about our project, if it is so actively discussed.

- What is it about exchange rate? Will it always fall?
As soon as we integrate many services, people will start to buy BTM for their needs. Most people can't mine as much as they need for usual transactions. So the rate will stabilize, with small inflation like any currency has.

-Well then, what is the reason to integrate it with my service or just use?
And it's the main point. Here we come to the topic subject.
We are developing payment system which should have many obvious advantages if compared with Bitcoin. I just paste here some description from the manual:

* Anonymous (for clients) transfers optionally.
* Small storage requirements
* Ready to work immediately after start.
* Client-server protocols based on the i2p network, most experienced system for anonymous and encrypted communication.
* Client authentication and encryption key exchange based on RSA with 2048 bit keys. Everything including local settings is encrypted with AES-256.

In short, BitMoney transactions are fast, and can not be tracked like Bitcoin payments. This fact and out i2p relation provide many opportunities and we are trying to catch and use all of them (ani-spam system is just the first and one of the most simple examples). I can't say if we shall succeed or not, but the next generation cryptocurrencies have to provide this properties for their users. Bitcoin can't reach it by design, and we are already doing it.
Just for example. Fast transactions provide opportunity for shops to sell goods with a price based on almost current exchange rate, not making 3-10% markup for safe currency exchange. Moreover, low commissions let shops to make even lower prices in BTM, that is good for their consumers.
Offline payments are the other interesting feature. It will be implemented in the future release.
And I can go on long enough.

-What is the reason to mine BitMoney anyway, if my electricity doesn't cost ~0?
First, for small amounts it's easier to mine BTM than to buy it. It's most about different ani-spam services (look our forum or build-in chat for example).
Second, we have plans to provide a kind of investments with BTM, but it's not about HYIP pyramids or something alike. It should be a kind of investment in external services implementation, clean and profitable for all sides with a goal of further project development. But now it is all I can tell about that.
Third, BTM mining is still profitable just to buy BTC with current rates.

Finally, if we are speaking about Bitcoin. It is also not profitable to mine for most of users. But they use it, and not because of profitable mining, but for its comparative security and anonymity.

-Where is admin's profit?
We have commissions for most of transactions like any other payment system has.  But our commissions are much lower.

-What happens, if you have problems with fbi?
https://bitcointalksearch.org/topic/m.12975575

Please, just check our news sometimes. We are in constant development and have ideas how to implement our plans in reality, with benefits for everyone.

All client code published. To ExternalApiExamples repository added c# example of full sending\receiving payments workflow. There are external miner example too, if anybody wants to play with own Scrypt implementation take a look.

P.S. Yes, this rewards will be supported with sufficient BTC ask orders if you'll want to sell them immediately, just PM the appropriate time.

P.P.S. Up to 62k total.

Well you are generous...
Anyway after each integration I'll sell BTC on the exchange with volume 55000 BTM and price "best bid + 10%" (also for each integration). This approach would provide price stability and opportunity to take profit.

Another few cents to the pot, 51000 total now.

Tomorrow i'll finish client app code publishing, then will write c# api usage example, then start to prepare phpbb patch. Probably PHP and Java api usage examples will be written and published too if there will be enough requests.

Stay tuned

Trader, thanks a lot

updated signature, that's really awesome reward. i already contacted few ppl waiting patiently until someone takes a bite and finally test payment integration in real environment. GL

Integration reward is up to 30000 BTM for each of the first two projects.

After each integration we send the reward. Then I'll sell BTC on the exchange with volume 40000 BTM and price "best bid + 10%" (also for each integration). This approach would provide price stability and opportunity to take profit.
For example, if the best bid will be 2000, then I will put ask order with the "2200" price and 18 lots amount.

Ok i had Sam configured i think it is working Thanks for your help

SAM is just the protocol to communicate with i2p router and i2p network in general. Like SMTP\POP3 for email.

ok i forgot if the manual exist. what i don´t understand what is SAM

Look Manual please, it's all written on the first pages there (and many more).