Omniwallet Milestone v0.24

Screen Shot 2014-12-17 at 2.22.57 PMUS Dollars, Russian Rubles, Chinese Yuan, you might wonder what do these all have to do with Omniwallet? Starting last Friday we began the rollout of a new Account Settings page within Omniwallet. A long requested feature, users now have the ability to update wallet passwords, set/change an email address and choose a preferred currency for displaying wallet value. Along with hiding Test Ecosystem properties (the new default) from your wallet you can now also support the developers.

Screen Shot 2014-12-17 at 3.02.11 PM

Also as a treat we want to share with you a screenshot from the new UI which is currently under development and getting much closer to completion. This new, reworked interface will have much better support for mobile devices as well as provide a more fluid wallet interaction experience.

 

Milestone Summary (See the full list of details on Github):

  • New: Account Settings page
  • Update email address for your wallet
  • Update Wallet Password
  • Currency Selection
Ongoing:
  • UI/UX updates
  • Rapid deployment of updated code
  • Crowd-sourced Security Testing
  • Continuing integration of Master Core features
On the Horizon:
  • Wallet ID recovery by Email
  • DEx Phase II
  • Additional SP token values in fiat

Take a look and let us know what you think, we’re always happy for user feedback.

The Holidays are about giving to others. So come check out Omni’s Heart of Gold and see how the code will be giving back this next milestone.

Property Token by Delta Business Management and the Omni/Master Protocol

By Judith Jakubovics – BizDev at the Omni/Mastercoin Foundation

In this project, the Delta Business Management wants to embed unique id’s into the tokens to make a strong binding to a deed / contract. Once it will launch, the intention is to scale the business and branch into other forms of assets and property in particular residential markets and capital held in properties. The aim being that asset is more interchangeable giving the owner more flexibility with their wealth.

I would define it as PayTo capability token.

Delta will want to keep tokens to retain their pay to history so the new owners of the contract/token won’t be paid over and over and form a limited fund source. These assets are to be issued manually upon sale.

Customers will apply for Delta ID token. They will apply and send in KYC documentation which will be vetted by Delta Business Management. Once verified a delta ID token will be sent to the clients designated address. Visible in Omniwallet. etc., Once an individual has a delta ID token, they will be able to purchase from the Delta range.

The token holds no personal information and will just be to verify that this individual has passed KYC and is known to DBM, The tokens will be sequential ref designated within the token and all personal information will be kept offline and managed by Delta. Anyone viewing the token via Omniwallet will see DBM ID 001 & DBM ID 002 and so on. No personal information is contained within the total and the identity will only be known by Delta. You will be able to purchase directly from Delta website or directly from the Decentralized Omni exchange – Omni Exchange is scheduled to launch by the second week of January 2015.

So this property tokens will be traded with other members of the delta eco system (ie others who have a valid id token) this means that the properties are interchangeable without the need for estate agents and lawyers. There are procedures in place if someone sells an asset to a non delta ID token holder. The “sendbacks” are stopped until the new owner has obtained their own delta ID token.

All revenue received from the asset will be converted to btc by Delta as the management agent and will be distributed by BTC send outs quarterly providing the Delta terms are met (Delta ID token accompanies the asset).

If people no longer want their property managed by Delta they can either send the token back to Delta to redeem for the title deeds from UK land registry or, they can initiate the break clause in the original contract and receive a full refund (option available after 5 years).

Delta sees exciting opportunities with projects like factom.org (Factom is born on the Omni/Master Protocol) to be able to break the existing storage and parking assets into smaller pieces for small investors build up their portfolios. This would not be possible without projects like Factom.org getting around the micro payments problem which enables to break it down for smaller investors/clients.

If you want to know more, please visit  http://www.deltabusinessmanagement.com/

Great things are happening to the Omni/Master Protocol

Point of contact for companies and organizations who want to issue a token (Judith Jakubovics) Judith (-at-) Mastercoin.org

and on Skype: Judith.Jakubovics

Omni in the Alps

Community Members,

I’m happy to report that I’m back from representing the Omni community at the Paris Bitcoin conference.

While over in Europe I hopped onto a train eastward and made my way to the land of Zug. For those unfamiliar Zug is a Canton and city in Switzerland just about 20 minutes south (by train) of Zurich the financial hub of the country.

CryptoValley3

My purpose there was to open a Omni Foundation office in Europe and also incorporate the new Omni Foundation entity in one of the world’s most crypto friendly places. In fact the Omni Foundation is using the same law firm and this is the same jurisdiction that Ethereum, Monetas, Hermes and many other blockchain related projects have chosen as their home.

By choosing the same location we gain a great deal of network effect benefits. Chief among these benefits is that these fellow projects have smoothed the way, by educating local counsel, local government, about the opportunities of the blockchain technology world. As a result the cost and time required to properly incorporate  and comply with local legal and regulatory hurtles is much reduced.

This is a big step in the “The Great Transition” I described in my previous post about moving from the old MSC Foundation to the new community / member driven Omni Foundation.

In the coming week you will notice more and more of the websites, social channels, Github repositories for the community switching over to the new Omni name and terminology. Omni Protocol, Omni Core, Omni Wallet, and Omni Foundation. In addition we will be opening the membership application to the Omni Foundation at the same time we launch the new website.

Thanks for being involved in this effort to extend the blockchain in a whole world of new ways.

Best Regards,

David A. Johnston

Omni Foundation

Omniwallet Milestone v0.23

brain-on-chip-main

This Milestone marks the completion of the previously mentioned code refactoring project which has been underway for the past few weeks. This allows the team to resume development on a much cleaner code base which will make global wallet interactions simpler for new features and enhancements.

Testing on Phase two of the DEx has been underway by the development team for the past few weeks. We are just about ready for additional testers to start trying out the system. If you haven’t already, take a moment and get yourself setup with a wallet on testnet, then get some test BTC from a faucet. Once you have your test BTC send some to the moneyman (moneyqMan7uh8FqdCA2BV5yZ8qVrc9ikLP) to get some testnet MSC/TMSC.

chart

New Feature Highlight

One of the new features we’d like to highlight this Milestone is the addition of QR Codes for wallet addresses. Available now from the ‘My Address’ page simply click on an address to show/hide its corresponding QR code.

 

Milestone Summary (See the full list of details on Github):

  • QR Codes for Wallet Addresses (just click the address)
  • Completion of Code Refactor
  • Updated FAQ
Ongoing:
  • UI/UX updates
  • Rapid deployment of updated code
  • Crowd-sourced Security Testing
  • Continuing integration of Master Core features
On the Horizon:
  • Wallet ID recovery by Email
  • Support for currency localization
  • DEx Phase II
  • Additional SP token values in fiat

Take a look and let us know what you think, we’re always happy for user feedback.

Feeling Curious, Come check out how Omni is spreading The Message.

Highlighting some great projects built on the Omni/Master Platform

By Judith Jakubovics – BizDev at the Mastercoin Foundation

Dear Masterminds,

Another exciting week for Omni/Master Protocol – full of innovative ideas, community collaboration and much more.

There are so many new innovative projects, and I would like to highlight some of them.

I would  love to highlight all of them, but there are projects in the pipe that are not ready to be revealed in public yet.

(A) – Projects that already launched on Omni/Master Protocol:

a) Maidsafe – Date of launch – April 2014

Maidsafe aims to create no less than a fully peer-to-peer and decentralised Internet platform, in which all data is ‘shredded’, encrypted and distributed to an extensive network of computers around the world. MaidSafe consists of two key parts: the network and the client applications. Safecoin is the currency of the SAFE network and a mechanism to incentivise and reward end users and developers as well as provide access to network services.

http://maidsafe.net/      and  http://maidsafe.net/safecoin

b) ApiNetworks – Date of launch – June 2014

The API Network provides the solution to create a fully decentralized and tokenized API network.This platform will allow API providers and users to meet in a fully open sourced platform, using the lessons learned from Bitcoin.

The goal of API Network is to take all the APIs out in the world,and provide a universal mechanism for querying them.

APICoin (XAP) will provide a transparent and distributed way to compensate developers and service providers for their effort with the coin XAP.

API Network is actually the solution to create a fully decentralized and tokenized API network platform that will allow API providers and users to meet in a fully open sourced platform, using the lessons learned from Bitcoin.

http://www.apinetwork.co/  and  http://www.buyxap.com/

c) GenerCoin – Date of launch – June 2014

GENERcoin is the Green ENERgy Asset Backed Coin that is backed by Arterran Renewables innovative solid bio fuel made from sustainable non food sources, such as manure, and municipal solid waste that is a direct replacement to coal. Coal contributes 40% of green house gas emissions in the US alone(source US EPA). Each GEC is a receipt and claim for the bio fuel that backs each coin.

www.genercoin.org  and www.arterranrenewables.com

d) CryptoNext – Date of launch – July 2014

CryptoNext plc is an Isle of Man company that offers digital currency products starting with a multi-currency, multi-lingual exchange platform and extending to merchant and remittance services.  It is the first company to launch an exchange offering multiple Fiat and multiple digital currencies, via a platform which is available in several languages.

www.cryptonext.net and  https://www.youtube.com/watch?v=GG97mJ-Y_ac&feature=youtu.be

e) CoinProz – Date of launch – August 2014

CoinProz is utilizing a new method of valuing their token called Proof of Action: By distributing much of their coin offering to users who participate in their crypto based social network they are encouraging a strong interactive community.

http://www.coinproz.com/default.html

f) Spacelite – Date of launch – Sept 2014

Spacelite project – Life Science R&D

SLC- Spacelite  is an asset backed token, each SLC is backed by 100 grams of SpaceLite, a highly medicinal potassium-oxygen based alkaline electrolyte mineral for human consumption.

http://www.spacelite.info  and  http://www.armedforces-int.com/suppliers/spacelite-military-operation-training-supplement.html

g) SovereignCoin – Date of launch – Oct 2014

The mission of SovereignCoin is to harness the purchasing power of physical silver, to energize and mobilize this tremendous resource, by anchoring to it a trading unit called a Sovereign. A Sovereign is a digital representation of one gram of silver utilized by SovereignCoin holders to record and reconcile value. No longer need the purchasing power of silver be trapped away inside one’s vault.

http://thesovereignexchange.com/content/sovereign-solution

h) Tether – Date of launch –  Nov 2014

Tether is a next-generation financial platform making it possible to safely and instantly send and receive Dollars, Euros, Yen, anywhere in the world using the Bitcoin blockchain.

You deposit your preferred currency (Dollars, Euros, Yen) or bitcoin onto our platform, and we issue you Tether+, which are digital tokens that allow you to make transactions using the Bitcoin blockchain.

https://tether.to/

(B) – Projects that will  soon launch on Omni/Master Protocol:

a) Factom

Simple yet critical technology on Master Protocol

The goal of the project is to build a protocol stack, beginning with a proof of existence layer, and ending with a layer providing proof of process.  All of which is secured with the Bitcoin block chain, without adding a significant number of transactions to the Bitcoin block chain, nor requiring any changes to the Bitcoin protocol.

With clever use of cryptography Factom  will limit the size of the blockchain without losing any of the information it contains.

http://www.factom.org/

b) Hope Gold Coin and The Festival of Hope

The Festival of Hope is the largest live music and charity event in history.

Hope Gold Coin is the overall sponsor of the festival of hope.

Hope Gold Coin is the means of purchase to support charitable activities around the world.

The HOPE Gold Coin Charitable Trust is a charitable trust under UK law expressly established to undertake the development, production, sale and management of the HOPE Gold Coin as well as ensure that all proceeds earned from the sale of HOPE Gold Coins will be used for charitable causes and activities.

  • Genuinely and completely altruistic.  
  • Proceeds earned from the sale of each and every HOPE Gold Coin will be used by HOPE Gold Coin Charitable Trust to benefit philanthropic and charitable causes, projects and activities worldwide
  •  http://test.hopegoldcoin.org

http://test.hopegoldcoin.org  and  http://www.thefestivalofhope.org/

http://www.hopegoldcoin.org/links-2/partners.html

c) Merchantcoin

MerchantCoin is the first self sustaining, marketing centric crypto-currency that incentivizes consumers, advocates and businesses to acquire and use bitcoin.The MerchantCoin solution provides a Faster, Cheaper, Easier and Smarter method for merchants to transact business within its ecosystem. The mWallet enables each merchant to accept bitcoin, but also to sell Bitcoin and many other alt-coins. TheMerchantCoin solution provides every merchant an onramp to the digital currency marketplace.

https://merchantcoin.net

d) La’Zooz

Transportation and traffic jams are basic parts of our modern lives.

These are exactly the issues that the La’Zooz team are dealing with. It will save our precious time and money, will reduce global pollution, will require less investment in infrastructures and much more…

La’Zooz is creating a Decentralized Transportation web that will not only be run by the community, but it will be owned by the community. “Fair share” and “fair fare” were two of the basic values that led La`Zooz team in its creation process.

La`Zooz is using the bitcoin 2.0 technology in order to distribute abundance to as many contributors that will come and by that La’Zooz is opening the floodgates for developers designers and users.

La`Zooz will move its “Proof of movement” mining Android App into Beta stage.It  will enable people who believe in ride sharing and other smart transportation solutions to change the way transportation on planet earth looks like.

http://www.lazooz.net/

e) BitLov

Bitlov is a digital currency automation platform that utilizes a predominately trustless network of decentralized, distributed autonomous agents called Rubrics

Bitlov is a digital currency automation platform that utilizes a predominately trustless network of decentralized, distributed autonomous agents called Rubrics. Bitlov empowers individuals and organizations to determine where money goes and when by simplifying the process of setting rules within contract templates, to write simple-to-complex transaction routines based upon various factors, such as: budget, pre-defined triggers, formulas, times, recipients, and more.

Website under constructon.

See the blog: http://blog.mastercoin.org/2014/10/19/introducing-bitlov-a-new-project-integrated-with-mastercoin/

f)Rymecoin

Remitance dollar coin for the Kerala state of India

Using the Master Protocol, RymCoins will be created from “Information Matrix Console (IM)”, where fiat currency, big data, user personal, professional, consumable and business information’s are captured; and purchasing power parity logic is applied for additional coin creation in the time of fiat currency conversion into crypto currency.

https://docs.google.com/document/d/18rMT0NY9PYeds469ZckOrrXIxEf8lLm7GJAau-TtD-w/edit

g) The Delta IDCoin

The Delta Business Management and the crypto space.

In this project, the Delta Business Management  wants to embed unique id’s into the tokens to make a strong binding to a deed / contract.

Once it will launch, the intention is to scale the business and branch into other forms of assets and property in particular residential markets and capital held in properties. The aim being that asset is more interchangeable giving the owner more flexibility with their wealth.

Great things are happening to the Master Protocol

Point of contact for companies and organizations who want to issue a token (Judith Jakubovics) Judith (-at-) Mastercoin.org and on Skype: Judith.Jakubovics

Omniwallet Milestone v0.22

CodeLast time, on the Omniwallet Milestone update, we spoke about code refactoring and Phase two of the Distributed Exchange (DEx). We continue our story where our intrepid adventurers left off. The team has been battling with the evil code monkeys but have made decent headway. We are currently reviewing/testing the updated code to ensure it performs as expected. Once this review is complete it will be rolled into production and provide the new baseline for us to work with.

With Phase two of the DEx getting closer to release we’ve been working on updates for Omniwallet to ensure it’s ready for the new features. Our back-end parser, OmniEngine, is currently running the updated code on testnet which populate the database. We have also added some preliminary updates to the api which will be used by the new front-end updates. We should have some front end pages this week to start making a better display/interaction with the data/tx’s the devs have been throwing into testnet for the past few weeks. If you want to get an early jump on checking out these features head on over to the Testnet server. It’s constantly being updated/tweaked as we are developing these features. Just a reminder this server may contain very raw features/data which are not in their final form.

Starting in the next few weeks we’re going to need to hit the testnet server hard to make sure everything is operating as it should. So take a moment and get yourself setup with a wallet on testnet, then get some test BTC from a faucet. Once you have your test BTC send some to the moneyman (moneyqMan7uh8FqdCA2BV5yZ8qVrc9ikLP) to get some testnet MSC/TMSC. Keep an eye out for updates on when we’re ready for testing to start.

Milestone Summary (See the full list of details on Github):

  • OmniEngine update for DEx Phase 2 data parsing
  • OmniEngine additional Reorg protection updates
  • API updates for DEx Phase 2 data parsing
  • Updated server configurable items
Ongoing:
  • UI/UX updates
  • Rapid deployment of updated code
  • Crowd-sourced Security Testing
  • Continuing integration of Master Core features
On the Horizon:
  • Wallet ID recovery by Email
  • Support for currency localization
  • DEx Phase II
  • Additional SP token values in fiat

Take a look and let us know what you think, we’re always happy for user feedback.

If you want to see how Omni is cleaning up the Trash come check us out.

Factom – simple yet critical technology on Master Protocol

By Judith Jakubovics- BizDev at the Mastercoin Foundation

Dear Masterminds,

Factom is a simple, yet critical technology for leveraging the power of Bitcoin Blockchain.

What is Factom?

The goal of the project is to build a protocol stack, beginning with a proof of existence layer, and ending with a layer providing proof of process.  All of which is secured with the Bitcoin block chain, without adding a significant number of transactions to the Bitcoin block chain, nor requiring any changes to the Bitcoin protocol.

As Peter Kirby- President of Factom explains: “Factom is a simple extension of the Bitcoin Blockchain that lets you build faster, cost effective applications with limited bloat”.

With clever use of cryptography Factom  will limit the size of the blockchain without losing any of the information it contains.

Factom is essentially a P2P network using a BitTorrent-like protocol, running on a system of federated servers. These servers all audit one another continuously to make sure they’re following Factom’s rules, and all of them are compensated in cryptocurrency for their services.

Once that’s established, anyone with the proper client program on their computer device can get and verify the information they need  to run for a decentralized application. You just need to be connected to the Internet, and–as it continues to decentralize–you’ll soon be able to do everything you need without worrying about silly things like “blockchain bloat.”

Factom is using the MSC Platform to issue the digital token associated with the Factom protocol.  Upon completing all the layers, Factom tokens will be converted to native coins running on Factom.  In fact, they may even be able to help improve the speed and reduce the cost of MSC transaction by running synced MasterCore nodes on the Factom platform.

Here are some advantages to running MasterCore on Factom:

1) The Factom blocks are hashed into the Bitcoin block chain, so they are just as secure as Bitcoin transactions .

2)Reduction Load on the Bitcoin Blockchain, thus unlimited MSC transactions can be performed on Factom for each entry placed in the block chain.

3)Federated servers allow for millisecond processing of MSC transactions that currently take quite a long time on the Bitcoin block chain, thus fast transaction processing

4) Secure transactions – All transactions of MSC will require cryptographic signatures.  This means even if the federated servers wanted to misdirect MSC transactions, they could not.  They will not have the private keys to do so.

5)Simplified protocols -The flexible entry format means that MSC transactions (as well as many other applications) can clearly add all the data and entries required to support the Master protocol.  Factom  allows the flexibility to construct transactions exactly as required by the application rather than force them into an awkward encoding scheme.

If you want to know more about this amazing project,  please visit

http://www.factom.org/

Great things are happening to the Master Protocol

Point of contact for companies and organizations who want to issue a token (Judith Jakubovics) Judith (-at-) Mastercoin.org and on Skype: Judith.Jakubovics

Omniwallet Milestone v0.21,Code Refactoring and DEx Second Phase

code refactoringHave you ever tried to cook in someone else’s kitchen, or had guests try to cook in yours? If the answer is yes then you probably have an idea how everyone has unique styles/preferences which enable them to perform best. Over the past several months we’ve had multiple developers contribute and work on the Omniwallet code base. Unfortunately, this can lead to code duplication. Particularly when a new developer, unfamiliar and wary of the existing code, starts working on features. Overtime these can become less than efficient implementations, difficult to debug and maintain due to the divergent nature of the codes location. To this end we have started refactoring the code base to bring it in line with a more intuitive structure/layout. The aim is to reduce duplication of code and make it easier to maintain/update the code going forward. Additionally, this should also help reduce the development times for new features. Individual components and functions will be accessible and referable in a logical and clear to interpret fashion.

otc-exchange-300x185 One of the new features coming up this year is the second phase of the DEx (Distributed Exchange). Currently you can trade Mastercoins for Bitcoins / Bitcoins for Mastercoins. The second phase of the DEx aims to introduce user currencies into this environment. You will be able to trade user currencies for Mastercoins and vice versa (user currencies for user currencies will be phase III of the DEx). We are currently working on the initial implementation which we’ll be testing on testnet. Once complete, we’ll start rolling out this feature to production servers.

A few more bug fixes and some small feature updates this milestone but the next few weeks will bring some big updates as work continues.

Milestone Summary (See the full list of details on Github):

  • Captcha for Account Creation
  • Improved logout functionality
Ongoing:
  • UI/UX updates
  • Rapid deployment of updated code
  • Crowd-sourced Security Testing
  • Continuing integration of Master Core features
On the Horizon:
  • Wallet ID recovery by Email
  • Support for currency localization
  • DEx Phase II
  • Additional SP token values in fiat

Take a look and let us know what you think, we’re always happy for user feedback.

They say battle changes a man. If you want to see how Omni is changing come checkout our War Stories.

Introducing Hope Gold Coin- The Festival of Hope and The Master Protocol

By Judith Jakubovics -BizDev at the Mastercoin Foundation

Dear Masterminds,

I feel privileged and  honored to be the first to introduce the Hope Gold Coin and  The Festival of Hope.

What is the Festival of Hope? 

The Festival of Hope is the largest live music and charity event in history.

100 charities globally, will benefit directly, tens of millions will get a hand up not a hand out. Enjoy the music, feel the love , be part of history of the largest charity and live music event. The events will start on Sep. 05,2015

The Festval of Hope is the largest live music and charity event.  Just to compare, The Live Aid  event (1985)  had 16 hours whereas the Festival of Hope has more than 400 hours of  live music

The Festival of Hope expects to raise at least 1 Billion US$

If you want to know more about The Festival of Hope please visit here:

http://www.thefestivalofhope.org/

What is Hope Gold Coin?

 The Hope Gold Coin was born on the Master Protocol – see here

http://www.hopegoldcoin.org/links-2/partners.html

Hope Gold Coin is the overall sponsor of the festival of hope.

HOPE GOLD COIN IS THE MEANS of purchase to support charitable activities around the world.

The HOPE Gold Coin is a totally unique and innovative new crypto-currency with major advantages. It is backed by proven and probable gold reserves, and measured, indicated and inferred gold mineral resources, all validated, confirmed and certified crypto-currency to comply with KYC2 and AML3 policies. It is designed and structured to be a mainstream currency, financial instrument and commodity, and universal unit of exchange and means of purchase to support charitable activities around the world.

The HOPE Gold Coin is a peer-to-peer Internet currency that enables instant, near-zero-cost payments to anyone, anywhere in the world.

The HOPE Gold Coin is safe and uses a secure open source, global payment networking that is fully decentralized without any central authorities. The HOPE Gold Coin features faster transaction confirmation times and greater storage efficiency than leading math-based bitcoin currencies, and will be freely exchangeable into other crypto-currencies or its cash equivalent.

Through innovative minting and release algorithms, the HOPE Gold Coin network consumes far less energy, maintains stronger security and safety, provides higher levels of assurance, and rewards users in more sustainable ways than other crypto-currencies.

The HOPE Gold Coin is a powerful entrant and participant in a disruptive technology that has the potential to transform the global financial services industry. It is unique in its purpose to benefit society and in its ability to raise the standard of living and quality of life for all by actively supporting the aspirational missions of a broad spectrum of charities, foundations and non-profit entities dedicated to addressing universal social, environmental, health, food, economic and similar problems that impact the lives of people worldwide. Through decentralized cryptography, the HOPE Gold Coin eliminates the need for banking intermediaries while significantly lowering transaction costs, potentially liberating poverty stricken economies around the globe by providing access to capital to the one-third of humanity that now has no access to financial services.

Market Opportunity As people grow more open to new ways of paying, there is a rise in the ubiquity and legitimacy of virtual currencies. The most prominent of these currently is Bitcoin, a peer-to-peer digital currency that has been called ‘potentially world-

changing’ by eminent cryptographers. However, Bitcoin’s reputation for price volatility, security questions, and concern for facilitating illicit activities are all issues the Bitcoin community must resolve before cryptographic currencies like Bitcoin can go main stream as universally accepted digital currency. That process is well underway. Virtual currencies like Bitcoin are gaining a real-world presence and prominence as they become more accepted as a unit of exchange and means to purchase. But there is still room for significant improvement, which represents a real opportunity for the HOPE Gold Coin.

With surging interest from prominent investors and growing acceptance from governments, regulators, merchants, customers and the general public, there is a burgeoning market and increasing customer demand for virtual currencies.

This is especially true for a superior, stable, safe and secure crypto-currency that enjoys major points of differentiation and distinct competitive advantages and benefits, that is also freely transferable as a unit of exchange and means to purchase.

There is a much larger potential market for a stable, safe and secure crypto-currency with an intrinsic value backed by gold reserves and resources, and insurable against loss due to theft or negligence that allows more transparent transactions, is freely transferable to other currencies and resistant to radical price fluctuations, as well as

that resolves market and government regulatory concerns about the ramifications and consequences of the myriad illicit and trust related activities benefit directly

If you want to know more about the Hope Gold Coin and  The Festival of Hope, please visit here:

http://www.hopegoldcoin.org/

http://www.thefestivalofhope.org/

Great things are happening to the Master Protocol

Point of contact for companies and organizations who want to issue a token (Judith Jakubovics) Judith (-at-) Mastercoin.org and on Skype: Judith.Jakubovics

The Great Transition

Friends,

Many of you (including myself) during the crowdsale last August endowed the MSC Foundation with the support needed to build out the open source features of the MSC Protocol. We have come a long way since then, seeing token creation, distributed crowdsales, decentralized exchange and many amazing projects become reality on top of the protocol we envisioned together last year.

Today though, I’m here to tell you of a great transition that is coming.

Many in the community are asking: What will happen when the funds originally contributed to develop the MSC protocol are all spent? Its an important question and rather than leave people guessing, here I will outline the plan moving forward.

A Community Driven Model

The crowdsale was a great way to spark off development and get the original vision of the protocol implemented and operational. However, now that there are many projects operational on top of the protocol, it is that community which should be the one taking the lead.

The best way to accomplish this is through a model very similar to the Bitcoin Foundation, where support is gathered from those projects and community members using the protocol in their technology stacks. While this model is imperfect, it remains the best we have available for aligning the support of those using the protocol and those working to develop it.

Already some of the largest projects in our MSC eco-system have stepped up to say they want to sponsor the core developers in their work, by becoming members of a community driven Foundation.  These community sponsorships will make it possible for the core developers of Omni Wallet and the Omni Core implementations to continue and expand their work on these open source projects.

New Entity New Branding – From Master to Omni

In order to fully embrace this vision of a community driven model, there has been a planned election of new board members for the MSC Foundation. However, I believe that an even further step is required. An entirely new entity. One that reflects the international nature of many of the projects building on top of the protocol. Along with this new entity comes the opportunity to move beyond the initial branding of Mastercoin / Master Protocol to a new brand that reflects the broad and inclusive goals of the new community driven Foundation. I propose that this new Foundation adopt the Omni brand. A new Omni Foundation.

Already users are associating with the Omni Wallet as there primary interface to all of their digital tokens. Lets extend that to an Omni Core, Omni Protocol, so on and so forth. Of course the ownership of the tokens (previously called MSC) will remain the same, and the objective of building great open source software on top of the existing protocol will continue.

Its worth noting this transition will take time. The websites will be updated, the international entity has to be formed, the sponsorships and new community members formalized. My expectation is this transformation will take the rest of 2014.

My goal is to launch January 1st 2015 with a new entity and a clear path forward for the community. That way there is a smooth transition from the existing Foundation to the new Omni Foundation.

Next Steps

I’ll be making more posts in the near future about the sponsors of the new Omni Foundation, filling in details and answering community questions on a Reddit AMA.

However this direction should give the community, the confidence they need to know, there is long and sustainable road ahead for them to build amazing project on.

Thanks for being part of this community, which at its heart is moving such important decentralized technology forward.

Best Regards,

David A. Johnston

Chairman of the MSC Foundation Board of Directors

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