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Messages - bytemaster

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9826
General Discussion / unSystem & Invictus Innovations
« on: November 03, 2013, 08:31:15 pm »
The unSYSTEM crew are aiming to achieve the same goals as Invictus Innovations and in the spirit of working together to build the best, interoperable technology I felt they deserved their own forum.

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We are dedicated to creating popular tools that promote privacy, independence, and integrity in contradistinction to those used for mass surveillance and suppression.

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We are building a separate world, connecting projects and resources across continents and outside the tainted spheres of “legitimacy.”

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In our thought and debate we aim to transcend particular ideologies and merit those most passionate and world-bending efforts.

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The future is bright. The future is crypto.
We haven't even begun to explore the possibilities that the blockchain brings us. The purpose of this project as we develop our technological capabilities will be to explore blockchain hyperspace creating p2p, crypto and opensource software that delivers this new world to you, the user, the king, the pioneer.

  • Auto-anonymiser for your Bitcoins.
  • Broadcasters to avoid triangulation of your financial transactions.
  • Automatic fee discovery. Ability to set a tradeoff between confirmation time and fee size.
  • Decentralised market discovery mechanisms.
  • Distributed identity.
  • Distributed reputation.
  • Encrypted messaging.
  • Private asset issuance.
  • Decentralised trading.
  • Semi-persistant storage mechanisms. Such things could lead to an uncensored fast encrypted web. The holy grail of cipherspace.
  • Timestampped proof of ownership.
  • Encrypted shop-fronts.
  • Contracts, escrow, cooperatives, alternate ownership models, ...
  • Decentralised market places (ala Silk Road).
  • Uncensorable crowdfunding platforms, stock platforms and information blackmarkets.
  • Highly scalable blockchain infrastructure.

We want to start an exploration in turning these rough concepts into usable privacy products for the people. Working tools (not prototypes) that are useful and relevant. Bring on the future!

For more information: https://darkwallet.unsystem.net/

9827
We have been told that our website (http://invictus-innovations.com) could use some love.  We are starting this bounty for a logo and website theme that fits in with our overall product lines of BitShares and Keyhotee.

This bounty will run for 1 month, followed by community voting.  We will ultimately pick the one we like best taking the feedback into consideration.  The bounty is only paid once we decide to adopt the logo. 

Note:  This bounty is only for the look & feel of the website, not for the CSS / application of the style.  The logo is a part of this deliverable and should be its own image.

Bounty to be paid in BTC using BitStamp price at time of payment.

9828
General Discussion / $2000 Bounty - ProtoShares Mining Pool [CANCELED]
« on: November 03, 2013, 07:54:40 pm »
This bounty will be paid once a working mining pool is deployed to a server provided by Invictus Innovations.

ProtoShares supports the GetWork protocol which should scale better given the harder hashing algorithm that limits the hash rate to about 1hz per computer.   Because of the different nature of this proof of work you should not run out of nonce search space.

The bounty will be paid in BTC at the BitStamp price at the time of payment.

EDIT:  I am canceling this bounty now that it is obviously more profitable to run your own pool than to be paid by me :)

9829
General Discussion / Invictus Innovations - Help Wanted!
« on: November 03, 2013, 07:38:10 pm »
If you have C++ skills we are looking for talented developers.  Please contact me for more info.

9830
Keyhotee / Introducing Keyhotee Video
« on: November 03, 2013, 07:18:38 pm »
Here is a presentation I produced that gives a high-level overview of Keyhotee.

http://www.youtube.com/watch?v=3pZaTdEtK-8

9831
General Discussion / Introduction to BitShares - Video
« on: November 03, 2013, 07:15:19 pm »
This is a youtube video I produced that describes BitShares. 

http://www.youtube.com/watch?v=5BV55IrZi7g

9832
General Discussion / BitShares - Decentralized Autonomous Bank & Exchange
« on: November 03, 2013, 07:13:05 pm »
BitShares as a Decentralized Autonomous Bank
by Daniel Larimer, CEO, Invictus Innovations Incorporated
http://invictus-innovations.com/bitshares-as-dac-bank

Stan and I were discussing BitShares one evening and I was trying to describe how BitShares is different from an altcoin.   I used an analogy that described bitshares as a crypto-equity in a decentralized bank and exchange called BitShares.  The shareholders of the bank are those who own bitshares.   I then went on to explain how this decentralized bank can lend dollars into existence just like their centralized counterparts.   I will review this analogy here for the benefit of others who would like to engineer their own Distributed Autonomous Corporations (DACs).



All banks these days operate on what I like to call a fictional reserve basis.  When you approach the bank for a loan to buy a house, the bank creates new dollars from thin air backed by your collateralized promise to pay back the loan.  In this case, your house is the collateral and the bank may call your loan and foreclose if you stop making the required payments or if the value of the house falls too much.   When you pay off your loan the dollars are destroyed and the bank keeps the interest payments and the lean is removed from your house.   The key thing to remember here is that these dollars are nothing more than an IOU from the bank.   People trust the value of the IOUs because they trust the bank to honor their promise to pay a dollars worth of value.

Lets step back one step further and consider that a dollar use to be defined as  412.5 grains of 99.9% pure silver.   When you received a bank note it was a promise to pay  one dollar worth of gold and the law defined the fixed ratio of gold to silver required to give the bank note a tie to the real world.

As you can see the promise to pay is denominated in dollars which are defined as a weight in silver, and yet what is paid out upon redemption is gold.   This example demonstrates that a dollar is just an arbitrary label assigned to a certain amount of value.  Just like you could have a dollar of silver or a dollar of gold, you could also have a dollar of corn, a dollar of oil, or a dollar of anything including a dollar of bitcoin!   When the United States left the gold standard entirely the dollar began to float against all other goods and services and now has value for its own sake even though it is no longer price-fixed against gold or silver.  The dollar is nothing more than an arbitrary measure of value and is still redeemable for $1 worth of silver at the current market price (not the price fixed 412.5 grains of silver).

Lets go back to the world of DACs and consider how a decentralized bank can lend dollars into existence just like their centralized counterparts.   First the bank must identify someone who would like to borrow dollars as it is the collateral behind the borrowers promise to repay that backs the value of the dollars.    Just like real banks,  BitShares requires collateral for the loan and the only collateral BitShares has the ability to foreclose upon is its own equity.    When you borrow money for a house the bank usually requires at least 20% down to protect the bank in the event your house loses value.   In the case of the BitShares DAC the bank requires a 50% downpayment.
Someone wishing to borrow $100 dollars from the BitShares DAC must find $200 worth of equity (bitshares) to back the loan.  Lets assume they have mined $200 worth of equity, they can mortgage this equity and receive 100 BitUSD in exchange for a lean on their equity that can only be cleared by paying back 100 BitUSD.   

BitUSD is the equivalent of the old bank notes that promised to pay $1 worth of value on demand.  In the case of the old bank notes, this value was denominated in gold or silver.  In the case of the BitShares DAC this value is $1 worth of equity, aka bitshares.   The BitShares DAC can almost always make good on this promise because when someone comes to redeem a note and is unable to sell it on the market directly the value of the BitUSD in terms of bitshares will rise until the decentralized bank has the authority to call a loan and repurchase the BitUSD. 

Most people understand why someone would borrow money to buy a house, but why would someone mortgage their BitShares for BitUSD?   The reason someone would borrow BitUSD is so they could sell it and take what is called a short position.  A short position is a speculative bet that BitUSD will go down in value relative to bitshares.  If the value does go down then the speculator can repurchase the BitUSD for fewer bitshares in the future and then pay off the loan while pocketing a nice profit.  This is how speculators on Wall Street make money when stocks go down: they borrow the stock, sell it for $100, and then repurchase it later for $50 and return the stock while making a $50 profit.

Dividends & Interest Payments
All banks attempt to operate for a profit and therefore charge interest on loans along with transaction fees and inactivity fees.  The bank profits are the distributed to the shareholders as dividends.  In the case of the BitShares DAC there are also transaction fees, inactivity fees, and margin-call fees and the profits that result from charging these fees are paid to the shareholders.

When someone wishes to borrow BitUSD from the bank they do not get to borrow this money interest-free.  Instead they pay interest equal to the dividends they would have received on their collateral.    Anyone holding a bank note is effectively lending value to the bank by not redeeming it and anyone holding a balance at a bank is traditionally paid interest.  Likewise, those who hold BitUSD are effectively lending the value of a dollar to the decentralized bank by not redeeming it.  In exchange for lending this dollar the bank pays them interest.  In the case of the BitShares DAC the bank does not take a cut of the spread between the interest paid by the borrower and interest paid to the lender.

It is through this explanation of BitShares that the concept of a DAC was born and a new take on the nature of Bitcoin as a decentralized autonomous corporation rather than just a crypto-currency came to be.

9833
General Discussion / $5000 Bounty - Dividend Paying ProtoShares
« on: November 03, 2013, 07:10:22 pm »
I am looking for talented developers to help incrementally build BitShares style features on top of the ProtoShares code base.  The first feature is to implement a dividend paying crypto-currency.  This will be the foundation for many different types of DAC.

BitShares pays dividends according to the following algorithm below:

1) The total money supply is tracked as MONEY_SUPPLY
2) 50% of mining rewards + transaction fees from each block are paid as DIVIDENDS
3) A dividend accumulation table is maintained that includes the total dividends per Satoshi paid for every block for the past year.  Each block adds DIVIDENDS/MONEY_SUPPLY to every entry in the accumulation table.   This table will require 128 bit 64.64 fixed-point precision so that dust can accumulate properly.
4) The dividends due a particular output can be calculated by looking up the coin-age in this dividend accumulation table and these dividends are part of the input value of the transaction when the output is spent.  All dividends except the past 100 blocks are included.   Dividends for the past 100 blocks are paid as part of the transaction fee because these dividends could be lost if there is a chain reorganization.

In addition to updating the block chain, the bitcoin wallet would have to be updated to reflect the current balance along with all dividends. 

I have already implemented a proof-of-concept block chain based upon this dividend system, but am looking for a developer who can integrate such a system on top of the Bitcoin code base.

Bounty to be paid in BTC at the BitStamp price as of the time of payment.

9834
There is a lot of work that needs to go into packaging up ProtoShares-Qt for binary distribution on OS X.   This is work that anyone with generic programming skills can do, so I am going to start a matching bounty to have someone else do this work. 

If you are interested in an OS X binary for ProtoShares please send BTC to 1MTXs5rMXjviAT5soMK8f3FbQPFxTBLB9a  and Invictus Innovations will match up to $1000 (BitStamp Price) of every bitcoin sent to that address.  This is a community effort and ProtoShares is there to give everyone an equal opportunity to get in on the ground floor.

Requirements:
1) Qt5 Support
2) DMG file, Drag & Drop Install
3) Working Dock Menu & Icons.


9835
General Discussion / Associated Press, DAC
« on: November 03, 2013, 06:33:09 pm »
Overview
 
  • APShares built on a variation of BitShares
  • Writers pay with APShares to submit articles once every 5 minutes
  • Only one article may be submitted every 5 minutes
  • Speculators bet on the value of that article relative to APShares (BitShares style Prediction Market)
  • Dividends Due collateral on short positions are paid to the Writer
  • 25% of all transaction fees on transactions related to the article are paid to the Writer
  • Writers pay to create an individual IPO for themselves, one new writer per week.
  • Articles are not copy righted and may be distributed / reproduced at will and the writer will profit by this

A case study of The Associated Press, DAC  by Daniel Larimer
Source: http://invictus-innovations.com/dacs-whats-in-a-name

8BTC is a Chinese news aggregator and blogging platform that has begun calling themselves a Decentralized Autonomous Corporation (DAC) or a set of DACs.  The core idea is that writers each have Bitcoin addresses and that revenue generated by the websites advertisements are paid to the writers via the Bitcoin addresses.   This is a centralized company with a centralized domain name that could be taken down.   8BTC also claims to have a membership DAC, but they have a centralized pre-screening process.

After hearing about 8BTC’s misuse of the DAC concept to describe their service, I decided I would sit down and define how such a service could be implemented as a true DAC.  If you are not familiar with the concept of a DAC you may want to take some time to review our prior articles on the subject.

The first step of this process is to accept that it must not have any centralized dependencies.   This means it must be free from all centralized servers and domain names and must not rely on centralized copyright enforcement.  The service must also be free of all centralized advertising revenue.  Lastly the service must be free of centralized editors or censorship.   The second step is to clearly define the purpose of the DAC in a manner that enables us to think outside the box as we consider potential implementations.

I would define the goal of 8BTC as generating revenue for the writers and to promote distribution of solid high-value content.   The traditional means of generating revenue is through advertising, tips, and paywalls.  Meanwhile valuable content is acquired by paying talented writers and using centralized editors.  None of these traditional means of achieving our desired goal are possible with a DAC, so we must think different.

For the purposes of this article, I will name this new DAC The Associated Press, DAC (AP, DAC) after the The Associated Press, Inc which is a flesh and blood corporation in the business of distributing stories across many outlets.   AP, DAC will be a dividend paying, for-profit, DAC that will derive profits for its shareholders from service fees.

If we are going to build a decentralized news distribution service then we will have to find a new way to generate revenue for writers while also filtering the best content.   We will also need a new distribution model that does not depend upon any one domain name or web host.    This is the easy part, you must allow anyone to republish the content on any domain and in any manner they wish and then provide them with financial incentive to do so.   Then you must also provide a way for the original, potentially anonymous, author to profit even as their content is being distributed far and wide.

This is where a prediction market enters the equation.   Allow any author to submit a URL to their article to the block chain.   Once the URL has been submitted (with an appropriate fee paid), the author can place a bet on the ‘value’ of that article.  Those who read the article can then bet on whether they think the value of the article will go up or down from its current price.   If they think it will go up in value they bet on the article and then work to republish the article and advertise it through their channels.   If they think it will go down in value they bet against it and focus on promoting other content instead.     All bets can be tracked and settled in the block chain in a manner very similar to how BitShares works.

The end result of this AP DAC is that market forces will conspire to create many outlets for quality news that is hard to censor.  It will result in rapid recognition of quality work and reward the authors of that work handsomely as the perceived value of the article rises.  It will reward web hosts who advertise or republish the work because they bought into the article along with the author.  Publishers also generate revenue from traditional sources such as advertising by having high-value content to distribute.   It will also automatically filter bad writers which provide low value content because they will lose money if they continually pay to submit articles that never gain any traction.

Someone might point out that a solid author who writes predictably popular articles will have a hard time buying in at bargain basement prices and thus his opportunity to profit from the rise in popularity of his articles will be hindered.   This can be addressed by giving the author a large cut of all transaction fees associated with speculating on the value of his articles.   Any article that is picked up and published far and wide will have a lot of people buying a stake in it and the author will get a cut each time this happens.  He can also rake in a royalty payment from detractors betting against his article.  In a sense, the more detractors one has the greater your royalty payments will be!

How Royalties are Paid
To fully understand the mechanics of this you will want to read the BitShares white paper and my article on Decentralized Autonomous Corporations, but I can provide a high-level summary here.    Anyone wishing to speculate on the value of an article going up must find someone willing to speculate that the value will go down.   The individual betting against an article must post collateral in the form of shares in AP, DAC to maintain a short position.  Because shares in AP, DAC pay dividends like most other DACs the dividends on the collateral can be redirected to the author of article.

Under this design there are three parties that benefit in different ways.  Someone who decides to invest in an article and ‘go long’ profits when the price rises.  Someone who decides to bet against an article and thus ‘go short’ profits when the price falls more than the dividends they would have received and lastly the author profits from these dividends.  The more people speculating on his article the greater the royalties the author earns.

All of this will work without the need for centralized advertising or donations and will provide a better news source than any existing news aggregator.   Translators would have a huge financial incentive to translate successful articles from one language to another because they have an opportunity to ride a similar growth curve in the new language.

While the content will be distributed, the author also builds brand recognition and drives traffic to his own website as a result.   People start following his work directly so that they can get a heads up on new articles to invest in.   This gives authors many indirect means of profiting from their work.

In addition to speculating on the value of individual articles, users can speculate on the value of individual writers.   In this event an individual can invest in themselves early on and then work to build their own brand through publishing quality articles.  As they establish a solid track record they make a large return on their investment.  It is like having a mini IPO for every author.  Once again, those who go short in order to bet against a particular writer have the dividends on their collateral redirected to the writer and as a result generate a steady stream of revenue for the writer.

Scalability of AP, DAC
Clearly there is a lot of overhead associated with creating a market for articles.  There must be a large number of players before efficient markets can take effect.  Fortunately, AP, DAC doesn’t need to process every possible blog like Digg or Reddit.  Instead AP, DAC is in the business of producing the highest quality articles by the best possible writers.

To keep the markets deep and focused on the highest quality articles, AP, DAC must limit the number of submissions it allows every day.  This is easily accomplished by only allowing one submission per block.  Therefore the first obstacle an article must overcome is getting included in the block chain in the first place.   Miners will obviously pick the articles that pay the highest fee and as a result the first step in the process is an auction.   The best writers bid against each other to get their articles published by AP, DAC by paying highest transaction fees.

Likewise, there must be a limit on the number of writers who have a personal market. This could be limited to one new writer per week and they would also have to pay the highest transaction fee to have a market created to speculate on their value as a writer.

These transaction fees add to the profits of owning AP, DAC.

Conclusion

AP, DAC is a new way to align market forces to promote the production and syndication of the highest quality of news content in an entirely decentralized manner that richly rewards authors, readers, and publishers who participate in the system without having to rely on ads, donations, or micro-payments.   It is truly decentralized and autonomous and will automatically provide market incentives to produce quality articles while earning a hansom profit for its decentralized owners.

9836
BitShares PTS / Best Mining Hardware
« on: November 03, 2013, 06:31:21 pm »
Thanks to azwccc @ bitcointalk
Prebuilt Systems can be found here: http://www.portatech.com 

Complete Barebones System w/ Core i7 4770 @ 4 x 3.9GHz
Intel Socket 1150 Motherboard & CPU w/ CPU Fan Heatsink
2 GB RAM
High Quality Mid Tower Case w/ Power Supply
Free Professional Assembly & Testing
USB Flash Drive with Linux for OS + Miner
Price Of Advertised Item: $414.93 -- FREE Assembly & Testing Included


Thanks to MineMind @ bitcointalk
If you would like to build your own: http://pcpartpicker.com/p/1W43u
Intel Xeon E3-1220 V3 3.1GHz Quad-Core Processor
MSI H81M-P33 Micro ATX LGA1150 Motherboard
G.Skill 2GB (2 x 1GB) DDR3-1600 Memory
HEC Enterprise MicroATX Mid Tower Case
Raidmax 450W ATX12V Power Supply
USB Flash Drive with Linux for OS + Miner

Total: $348 after Discounts, Rebates.


Some things to note about these systems.

1) No benchmarks have been performed using our mining algorithm
2) The initial ProtoShares-Qt client requires about 1 GB per core, in theory enhancements to the algorithm should allow 1.5 GB to be used with any number of threads.  Until someone contributes an enhanced mining algorithm to the ProtoShares client you will require about 12 GB of RAM
3) The Momentum Proof of Work is memory bus limited, having 2x1GB DIMMS may be better than 1x2GB DIMM.
4) These systems assume boot from USB stick running Linux.  You will have to build ProtoShares from source to mine on these systems until someone releases a downloadable USB drive image.

 

9837
BitShares PTS / What is BitShares PTS (proto-shares)?
« on: November 03, 2013, 05:32:22 pm »
Owning BitShares PTS is a way to acquire future BitShares and speculate on their value today!


What is BitShares PTS?
BitShares PTS is a class of crypto-currency that let you capture a position in one or more cool new DACs before they are ever implemented. The speculative value of PTS is a subjective mix of three market
perception pillars. These pillars are the market’s assessment of:

• The speculative value of a future DAC share.
• The probability that the DAC can and will be successfully fielded.
• Confidence that the PTS will map to an equitable share in the implementation.

... summed across all DACs that announce there intention to honor PTS holders with shares when launched.

Developers use BitShares PTS to capture early adopter interest in their new idea.

Investors use PTS to get in on the ground floor of an entire new industry.  Instead of enduring the hassles and costs of mining every new DAC into existence, they focus on acquiring PTS once and for all, and thereby claim a stake in every new DAC that honors BitShares PTS.

Developers and Investors start on a level playing field for obtaining BitShares PTS. They are being slowly mined and easily accessible from public exchanges as one of the top crypto-currencies on the market.

What about that Third Pillar?

The third Public Perception Pillar is confidence that owning a DAC’s PTS will translate into
actual ownership of an equitable share in the objective DAC. It is up to the DAC developer to convince
the market that this will happen using whatever social consensus the market will accept. The PTS Social Consensus is simply:

Quote
At our DAC’s pre-published launch time, a DAC’s genesis block shall be initialized
to precisely match the current unspent outputs of the corresponding BitShares PTS blockchain.

For every BitShares PTS proto-share you hold at that launch time, you now have a corresponding
share in the DAC accessible via the same public address to which you hold a private key.

That’s it. Simple. Easy to understand. Real hard to renege.

You can read about the latest, more general form here:  http://invictus-innovations.com/social-consensus/

What do you mean “real hard to renege” on your social consensus?

Who would want to abandon the entire universe of informed early adopters by reneging on their rights as
founding shareholders? In this business, the network effect of market share is everything. Besides, if
someone deploys an open-source DAC without honoring the social contract to its PTS holders,
someone else will simply fork the open source code, and honor that contract. Bingo, they’re in business!
The network effect of informed early adopters will do the rest and the reneging developer’s implementation
will go into the dustbin of history.

BitShares PTS were designed to be mined into existence according to the curves below.  This has been considerably accelerated in practice by the overwhelming amount of interest from the mining community.




9838
BitShares PTS / Mining Begins November 5, 08:08:08 UTC
« on: November 03, 2013, 05:11:03 pm »
We are pleased to announce that barring unforeseen circumstances, Mining for ProtoShares will begin on November 5, 08:08:08.   Follow this thread for the latest updates.

The Unix Timestamp will be: 1383638888 translates to Tuesday, November 5th 2013, 08:08:08 (GMT)

Guy Fawkes Day + Chinese Lucky Numbers for Birth(3) & Prosper (8)! 

The windows and Mac executables are available for download now:     http://invictus-innovations.com/downloads


9839
Marketplace / $500 Bounty - Keyhotee Splash Screen & Icon
« on: November 03, 2013, 05:07:27 pm »
I am looking for a graphics designer who can help us brand Keyhotee which is our ID, Wallet and Communication client.   It is named after Don Quixote because of our idealistic goals of decentralizing everything and slaying the dragon of tyranny.   We are thinking a theme of Honor, Nobel, Virtue, Knights, Security, Windmills, Dragons, Medieval, Horses, etc.

This bounty will accept submissions of draft ideas over the next 2 weeks after which I will select the top contenders for a poll and then award the bounty to the winner who will have 1 week to tweak the designs and send me the source images.

In addition to paying the bounty to the winner, I will award every individual who provides a meaningful submission with 0.25 BTC toward a Genesis Block Keyhotee ID of their choosing:  http://invictus-innovations.com/genesis-block-founder

The bounty will be paid in BTC using the BitStamp price for conversion.

The splash screen should be high resolution, detailed, and pretty at resolutions up to 640x640.   The icon should be simple and elegant but fit in the theme.   For inspiration on the current Icon I am using a Shield because it denotes protection and security.  

9840
General Discussion / Pre-order a Keyhotee ID
« on: November 03, 2013, 05:06:08 pm »
As anyone who has been following Keyhotee and BitShares knows, we are building a decentralized block chain based ID system.  With Keyhotee ID you mine your own identity and the more you invest into mining your own name the more others will trust that it is not a sock puppet and the more you have to lose if it builds a bad reputation.   Keyhotee ID assigns names on a first mined first served basis after the genesis block and the registration date and renewal count follow that unique name everywhere.   These numbers can be used for all kinds of things as the Keyhotee ecosystem grows including:  automatic filtering and ranking of posts on forums,  spam filtering,  threshold for account creation, and as a weighting component in a growing web of trust.   

http://invictus-innovations.com/your-good-name

How long has your Brand been in business and what's it worth to you?

Every Keyhotee ID has a Born-On Date.  The date it was mined into existence in the Keyhotee ID block chain. The closer to the original Genesis Block, the greater the reputation value.  The more you have to lose if you ever have to start over.  The more likely you joined before the Bad Guys learned what an impeccable, incorruptible reputation would be worth in Keyhotee Free Space.

Every Keyhotee ID also has a Recognition of Contribution.  This is what your reputation is worth to you based on what you've invested into it.  Proof that your ID is not a sock-puppet of convenience. Think of it as your personal proof-of-work.  What support have you given back to make the Keyhotee ID ecosystem successful?  So far, there are only two ways to build your ID's lifetime Recognition of Contribution.

And one will be lost forever before Keyhotee goes live on New Year's Eve.

1) Be a Keyhotee Founder. Contribute something toward building Keyhotee Free Space for everyone else.

2) Be a Keyhotee Governor.  Contribute mining resources toward securing  Free Space for everyone else.


So here is how it works:  If you contribute money toward the development of Keyhotee you will receive many benefits that are not available to others.  Among these benefits are:

1) First Pick of Names prior to Genesis Block
2) Your names never expire
3) You earn Investment points equal to 1 normal name renewal for every .0005 BTC you contribute.  Normally it would take 1 year of constant mining to acquire about 8768 investment points, but founders start out with at least 500 investment points when the contribute 0.25 BTC or more.
4) Whenever your name appears in Keyhotee as a source or destination email address or contact it will be given special honored status.
5) Any future ways we can think of to honor the Keyhotee Founders, if you can think of cool benefits let us know and we will add them to the list.

Keyhotee has the potential to change the way we do secure communication and will allow us to send Bitcoin to a name.   What name do you want?

Referral Bonus

There is one additional way to acquire contribution points.  Refer others to the idea.  When you refer someone you get one additional contribution point for every contribution point paid for by the individual you referred.   Help us build the Keyhotee Development team so we can hire a full time developer to continually improve our decentralized email, chat, VOIP, and web of trust system.

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