Dear log here is my entry for epoch 1595887199,
I am late again. I feel sorry, I had too much stuff on my list, I couldn’t make it earlier. I need a personal assistant…
CSCL / CasinoCoin
I am still moving some of the old systems around but I am pretty much done. I think I said that last week as well… Instead of rushing this through, I am still shutting systems down one by one, keeping an eye open because I don’t want to break anything. I hope to switch of more bare metal this week, right before the end of the month. Once that’s done I can order the replacements for those systems. I will use the chance and do most of the setups again from scratch. Looking back a couple of things should have been done differently and this is a great chance to fix it. The new configs and structure are planned and written down already, I just need to execute it. If everything goes as planned it will be a walk in the park. I am kinda proud I did the documentation firs this time.
Other than that, it has been work as usual. Monitoring and maintenance for the entire network. I am looking into some more load balancing stuff as well but couldn’t allocate as much time as I planned. I hope I will be done with the whole thing in the next two weeks. This includes new monitoring from home.
We didn’t manage to bring the crninfo back up yet. I want to see one more test round on devnet anyways, better be safe than sorry. Everyone is curious to have payouts to be enabled again. No worries, no one loses anything. The first round after activation will payout all burned fees since deactivation in one shot. However, the locked addresses will be unfrozen on Tuesday. This will allow people to move the collateral again if they wish. Applications and submissions will still be on hold.
We released a Q2 update, I know people were waiting on this. It’s nothing groundbreaking but very promising if you read between the lines. Looking forward to the Q3 update and I will make sure it is coming.
I still get asked about the Nano Ledger on a regular base. To everyone’s surprise, I just got my stuff together today and reserved a timeslot tomorrow. It is finally about to happen and to be submitted. Sorry for the delay. After Andre finished the code earlier this year it was sitting with me. It was 100% on me. I know people don’t understand why I couldn’t manage to just sit down for 2 hours and do it but there was always something coming up. This time it is at the top of my list and if the world isn’t going to end tonight, it will happen! There are not enough hours in a day…
It is integration week! I spent two days on testing integration and basic work for the flow of deposits and signups and linking existing accounts. As CR8 supports multiple ways of integration, native and coinpayment.net, both had to be tested. I am talking wallet to operator here. Not sandbox stuff. Looking forward to the fine-tuning which will be done by the team. It’s technically the same stuff we did for the BRM with some slight variations. It is always nice to see things in the wild. I couldn’t get some catchy screenshots last week. If there is still a chance to leak some next Monday, I will. I can’t wait for the silence to break. A lot of effort has been put into this and I want to see how it finally pays out.
The pending issues should now all be solved. It’s out of the team’s hands for now from my point of view. I hope everything goes according to plan and there won’t be any more blockers. I know stuff can go wrong till the very last minute, we have seen that earlier this month. My fingers are crossed.
Working as expected. The list of tweaks we have to do which Andrew created grew but the backend will become really awesome when it comes to reporting. I hope all those changes will be done till the end of August. CSCLazzareo has created some pretty decent infographics for TrustTracker, I will have to steal them and get some operators signed up. Other than that, not much to say on TTT.
Not sure exactly why, but the week felt pretty short. There isn’t much to tell as most of the stuff I did was quite boring. Well, besides playing with a new CR8 Wallet and doing some video edits of course. I guess that is mainly because these things are not on my list every week.
EDIT: I still get asked “But what about exchange Xyz?” That’s why I have sent you the link to this bit. Ask yourself: Is Xyz bigger then Bitrue? If no, nope. If yes, find out what they charge 😉
Discord is still full of talks about exchanges. I feel like I pretty much made my views on this clear: At the current state, we would need to aim for an exchange bigger than bitrue.com and we would need people trading on it. I highly doubt that a new exchange listing would cause an influx of new people throwing their money in. After all, it is not 2017 anymore. The sole impact of a listing these days might be overestimated. I want to stress out that we are talking to exchanges all the time. I know 10 which would list us right away for a fee of the top of my head but let me tell you: This wouldn’t do anything for us, other than burning the listing fees. WhiteBit was solid in my eyes but we didn’t manage to attract people to it.
There are three exchanges that I will contact again in 2020 to get listed but timing will be key. And yes bittrex.com is one of them.
Another topic is liquidity. As I said a couple of times before: The Foundation will not provide liquidity. They simply can’t. It took quite a while but we came from $1k a day to $10k day to $100k a day. The next target is $500k without third parties propping the markets for some weeks straight.
There are competitors out there that are on “Top10” exchanges, that have some sort of market-making and overall they are doing worse than us. NOT talking about the trading metrics.
Everyone wants a solution today. It’s not that easy. It will happen but I won’t focus on this or arguing about it on discord for hours because it steals valuable time. If someone has solid plan on how to fix it, let me know. Otherwise, I will focus on the things we need to focus on.
As a reminder: Please cancel all orders and get your coins off as soon as possible.
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