I have been patiently waiting for news that I considered to be headline enough to spark another Newsletter. I have been waiting since the last issue, issue 71, 4th January and, much to my astonishment there is still no real news and, especially, no news about what I am really waiting to hear about. COINPAY. What is happening with COINPAY?
Thus, like all of you and in the absence of any real information (and I am trying hard to get some) I can only do what is inevitable in periods of no news and that is to fill the void with opinion (or speculation if you like). Unlike those that always think that quiet means problems with Bitclub - I do not follow that thinking.
I do believe though (purely opinion) that there must have been issues discovered with COINPAY that were not expected, technical issues would be my guess. And my theory is that this has delayed the launch. Let's face it the COINPAY project must be a serious challenge when you think what they are trying to do with it but, all the same, updates couldn't hurt could they...
In terms of other news, I was asked the other day why I don't seem to do much now on things Crypto but outside of the BCN sphere. I would ask you, if you were thinking that too, look at the Bit-Talk Blog. There are Crypto related news items appearing there frequently so, if you haven't seen the blog yet, you should go and have a look.
There was a news bulletin from BCN on 9th January telling us that we could buy external (thumb drive) wallets from them but, in all honesty, these aren't news. You've been able to buy them from other people for some time. OK in the interest of fairness, you can use them to store Clubcoin (which is unusual and maybe unique).
But as most people with reasonable numbers of ClubCoin are staking them anyway (or probably should be) then having somewhere off computer to store Clubcoin so that they do not stake for us seems self-defeating to me - just my opinion.
I do like the idea however of offline storage for Bitcoin so in that respect the wallets are a good idea even if they have been readily available direct from companies like Ledger for some time.
There was finally another news bulletin late yesterday (24th January) from BCN that focused primarily on security again. I think it is great that there is so much effort given over to security and I do realise that a set up like BCN is a highly attractive target for hackers and it is good that we appear to have tech guys that are up to the task of protecting us.
The one significant piece of news (for me) is the changing of the mining script. You will see that re-purchases will be happening with one quarter of the current regularity to reduce the burden on automatic invoicing in the system. This should make the site less prone to periods of slow function and overloads leading to a crash.
In a nutshell, when a re-purchase happens it triggers an invoice in the system that, with them making this change, will happen 4 times less. That, across the entire membership should massively reduce the pressure on the invoicing system.
The detail of the full news bulletin from yesterday follows in the next section. The final piece of news was about a Dubai leadership meeting in April. I, and others were in Kuala Lumpur last July when they announced this for November 2016, then put it back to January 2017. So, sorry BCN, but for me, that isn't news either. I can see what's really happening here.
Clearly, they want the leadership meeting to also be the "official" launch of COINPAY. So, I guess, that gives us a late March, April launch now for COINPAY. Again, let me stress, pure speculation on my part until I can finally get to talk to someone in the know. And that has been proving very hard to do of late...
It's possible, given their growth over the last six months that, as a Pro-Builder in rank, I may not even qualify to get to that meeting? That would be sad but, hey, that's life and I guess shows you just how dramatic growth in Bitclub has been... |