
May 26, 2023
Hey everyone!
Welcome to the AMA, I'm Colin, your familiar host. I've been taking a step back from the public eye recently to focus on my family, myself, and some coding. I've also been working on new marketing strategies. After the release of version 5.1, which many people were eagerly anticipating, I've made sure to deliver on our promises. Although I didn't expect it to cause a significant price surge, it's great to see the positive response.
To kick off this AMA, let's discuss our current plans and where we stand with development, as well as touch upon our future plans. At the moment, I'm personally working on version 5.1.1. I've encountered about three bugs so far, and there have been some database issues reported by a few users. I'm currently collecting log files from them to investigate further. Kendall has successfully resolved an issue with the transaction history, and there's also been a problem with unstaking coins in the mobile wallet. I've identified an issue with some of my nodes, but once we're out of beta, they won't be the sole reliance.
Lately, we've experienced some strange issues with the data center, resulting in unexpected charges and reversals. To cope with this, I had to resort to using gift cards, which is quite ironic. Anyway, I want to take a moment to recap the conference we recently attended. It was a promotional event for the new Defcon, and it went really well. We made valuable contacts and met some impressive security experts. Some of them are even helping us review the operating system architecture. Additionally, I've been in touch with another brilliant engineer who is genuinely inspired by Nexus. We've been chatting, and while I don't have a specific timeline for their involvement, I believe their contribution will greatly benefit our project.
I want to share that I have been doing a lot of work on my own for this update. It has been quite challenging, but I am proud of what I have accomplished. We have dealt with 113,000 lines of code, which is equivalent to a 2000-page book. Having only three bugs in all those pages is impressive in my opinion.
I understand that some of you have been frustrated because you can't unstake, and I want you to know that I have made it a top priority to address this issue. However, before tackling that, I wanted to ensure that we had other things in motion to improve the visibility of Nexus. Many people only respond to price and value, so I have been working on strategies to address that.
I have also been in discussions with Sohaan. We are collaborating on his society platform, where we are working on architecture and other aspects. It's interesting to see what is happening with figures like Elon Musk appointing a World Economic Forum spokesperson as the CEO of Twitter. It's not surprising, considering his background in the military industrial complex and his work on brain implant chips. This presents a unique opportunity because there is currently no place for free speech. Even platforms like Truth Social are still centralized, and history has shown that centralized platforms can be corrupted.
That's why I am focused on developing a more decentralized environment. It doesn't matter how good of a person you are, centralized platforms are prone to corruption. I have witnessed it happen repeatedly with companies. So, I believe in the importance of decentralization and will continue to work towards that goal.
We're currently working on creating a new type of Twitter environment. We are designing mockups and exchanging ideas to develop a unique monetized liking system, allowing users to monetize content and leading to the creation of reputation systems. Our goal is to keep it simple and build something solid. Ultimately, Nexus and your profiles could become a social media network, and we are aiming to create a unified data set that other platforms can develop front-ends for. This means different social media platforms can host the same data set, enabling them to add new features and functionality while still having the same user base.
Getting people to start using a new social media platform can be challenging. It's a chicken and egg problem - if nobody is talking because nobody is there, how do you get people to join? However, our approach could potentially help others launch their own social media platforms by leveraging our social media API framework. Having decentralized communication protocols and quantum-resistant messaging systems will be crucial for ensuring secure direct messages. It would be great to have a standalone mobile wallet app or a mobile app that integrates with the existing Nexus mobile wallet.
Nexus, with its sigchain technology, can offer additional features like creating public profiles. This means you can have a business profile like LinkedIn or a public friend profile like Twitter, all while sharing the same user base and data set. This has great potential as more people will be interested in using different social media platforms that tap into the same user base. We are also addressing issues with reputation systems, taking inspiration from game theory principles and keeping it simple for the initial launches.
Anyway, on the development side, things are looking good. I'm working on some new use cases that seem promising, especially in the creative field. I've been talking to some interesting people who could potentially contribute to Nexus in a meaningful way.
I'm also in touch with a few individuals who might be able to help promote Nexus, but not in a direct promotional way. I'm more interested in people who can build utility on the platform and showcase its capabilities through real-world applications.
Oh, and speaking of issues, Trade Ogre had some problems a few weeks ago, which is why I'm holding off on the market maker for now. I want to make sure everyone is upgraded to the new 511 core before we reach out to bigger exchanges, just to avoid any potential complications.
Right now, everything is looking good and bug-free. The network is healthy, and we're planning to release the next version, 5.1.1, next week, possibly even earlier. This update will fix staking and transaction issues, so it's pretty important.
If you're using the mobile wallet, feel free to give it a try and let me know if you encounter any issues. Once it's fully released, it will be able to search for any node on the network running at least the 5.1.1 core.
So, I wanted to talk about a few technical details regarding our system. Sometimes, there might be issues, but they are usually not on the client side. It's usually a connection issue on another node or filtering out bad nodes. There are so many little nuances and things to consider when it comes to making our open system work properly.
With a private closed system, it's easier to filter out unwanted data. But with an open system like ours, we have to be able to filter out all that information and data. It's a lot of work, but I want you all to know that I've been dedicated to Nexus for a long time and I won't stop until it's done. I am determined to finish the operating system.
We faced some challenges, especially with the collapse vector causing a lot of damage. But I've been making steady progress in the lab. Currently, I'm working on the hydrogen batteries and have managed to get some thrust on the prototype I've been developing. I haven't achieved full lift off yet, but I got half of it to lift off. Once I have a good demonstration, I'll post a video for you all to see.
I also want to encourage others to contribute to the research. There used to be a lot of people working on it, and this particular effect I'm using with asymmetrical capacitors and high voltage is quite interesting. It's like electric fluid mechanics, creating an IoD wind. The effect has been tested by a guy named Hector Serrano in a NASA laboratory under vacuum conditions, and it showed displacement, indicating that it's actually creating thrust. We still need to determine where that thrust is coming from, though.
So, I've been doing some research in my lab and I've discovered something really fascinating. It's a technology that produces thrust, and I've verified it myself. It's pretty amazing, to be honest.
One of the things that excites me about this technology is the potential to move away from chemical-based fuel. Dealing with regulations and issues related to rocket thrust and horsepower can be quite challenging. It's like a chicken and egg problem - you need thrust to lift the fuel, but you also need fuel to generate thrust. This creates a thin margin for payload capacity.
I believe this technology should be open source, and I know that Hector Serrano has also worked on it. He even renamed it the Serrano force effect, which I think was intellectually dishonest since he was studying the same effect. But moving forward, I want to focus on lifting the entire object and for that, I'll need high ceramic capacitors. Barium titanate seems to be a promising material for this purpose. Additionally, building Tesla coils and increasing voltage can lead to exponential increases in thrust, but maintaining voltage without dielectric breakdown is crucial.
If anyone is interested in experimenting with this technology, I highly encourage it. The more minds we have working on it, the better. It's actually quite simple to build in your garage. You just need to find a high voltage power supply, which can be made using old fly back transformers from old TVs. Aim for at least 15 to 20,000 volts, but higher voltage would be even better. Just keep in mind the air's dielectric breakdown, which is approximately 1 centimeter per 10,000 volts.
So, that's the update on my progress. Things are going well with the hydrogen, and I've also been working on some Arduino stuff.
I've been really focused on hydrogen and developing a new power source, like a battery. My goal is to eventually make it compatible with existing technologies, so it can be used in smaller devices like A, AA, or AAA batteries. I'm aiming for a voltage of 1 1/2 per cell, which shouldn't be a problem. The ultimate aim is to create a power supply for drones that can generate high voltage and enable self-propulsion. The possibilities with this technology are truly limitless, and I find it absolutely fascinating!
Now, I want to clarify that I'm following a rigorous scientific process and not making any assumptions or presumptions about having everything figured out. I'm experimenting with new technologies that don't necessarily have a scientific basis in our current understanding. Some people have mentioned sub-quantum kinetics and electric probiotics, but I'm still unsure about all of that. It's inconclusive at this point, but it's definitely interesting research, don't you think?
On another note, I wanted to give you an update on the development progress. I think it's best if I switch to biweekly updates from now on. It was taking up a lot of my time to do weekly updates, and I found it a bit consuming. I'm more of a momentum-oriented person, so I want to keep things flowing smoothly. By switching to biweekly updates, I can keep you all engaged and still have time to work on marketing opportunities. I'm also focusing on building relationships with like-minded individuals who may not have the tools to fulfill their goals, but align with our ideology.
Oh, and speaking of collaborations, I've been working with Christina on her voting application. She recently got endorsed by Bobby Kennedy, which is pretty exciting! I actually met Bobby back in May, and he's a really cool guy. He's really passionate about reforming voting systems, and Christina is working on a new debate that Bobby has confirmed to participate in.
I've been approached by several people who believe that developing a parallel voting system using blockchain technology would be a great idea. They argue that traditional voting systems are prone to corruption and voter fraud, making it difficult to trust the results. They suggest that creating a new voting system could help address these issues.
In Arizona, for example, there have been allegations that the governor was installed by the Sinaloa cartel, with evidence of fraudulent real estate transactions linked to her. This raises concerns about the integrity of the elections, especially considering she was also responsible for running them as the Secretary of State. It seems that those in power are only interested in protecting their own corruption, making it challenging to bring about change through legislation.
Developing a parallel voting system could provide a way to expose inconsistencies and discrepancies in the results. Implementing such a system on a local level, like in Maricopa County, could be a good starting point due to the high level of voting activity and cartel involvement there. Although I had initially planned to work with Mark Finchman on this issue, he seemed to have become demoralized and I haven't seen much progress from him recently.
Despite the challenges, I am determined to continue pursuing improvements in the voting system. As people around the world become more aware of the flaws and corruption in the current system, there will likely be growing support for alternative solutions. This ties into the importance of social media and online platforms, which can play a significant role in raising awareness and mobilizing communities.
Additionally, I am excited about the potential of programmable group chats. This feature allows for the creation of chat rooms with customizable functions, which can facilitate community engagement and collaboration. It's likely that such platforms will become the primary hub for community activities in the future.
It's like a combination of Twitter and Telegram, where you can have a public profile, make tweets, like and retweet things, but also send direct messages and create private groups. It's like having a smart contract for people, where certain requirements need to be met to ensure authenticity.
To start, we're implementing a trust key or a suit chain that has been around for a certain period of time, or a specific amount of Nexus or token. This way, we can tie identities and values together and prevent fake accounts. It will create a better environment for communication.
In terms of the technical aspect, the social media site will operate on an ad hoc network. Currently, I'm focusing on the mesh network aspect, with basic ground stations and Arduino routers communicating. I'm also experimenting with different gadgets like smart locks to address security concerns.
I've been jumping around between different tasks, including hardware development and marketing. There are some potential opportunities that could be really huge for us, but I'm more interested in building working relationships with notable individuals who are aligned with our goals. It's about focusing on these common goals and supporting each other.
We have put a lot of effort into developing our technology, but marketing has taken a backseat.
Sohaan, I wanted to give you an opportunity to talk about your social media platform and how it's progressing. If you're interested, feel free to join in.
We're currently waiting to hear from Sohaan, but in the meantime, everything is going well. We're planning to release a new version, 5.1.1, by next Friday. Kendall is ready to go, and I just have a few things to wrap up on my end.
I wanted to mention that our relationship with Christina and Bobby Kennedy has the potential to be really beneficial. Bobby Kennedy is currently running for president and has been very vocal about important issues. It's exciting to see our team grow and have people who are dedicated to making positive changes in the world.
It's evident that our work is having an impact, as MasterCard has blocked transactions from my ISP. It's a sign that we're making waves and not being ignored. Despite facing obstacles, we're committed to our mission and will continue to move forward.
Our community is amazing, and I'm grateful for all the support. We're constantly building and improving, and the next release, 5.1.1, is set for next Friday. Beyond that, we're considering features like pools, remote login, and peer2peer messenger integration with the crypto API. I'm leaning towards sticking with the original plan, which includes the 5.1-5.2 course.
The next update will be a hard fork, most likely the 5.1.1 one, followed by the 6.0 update. The 6.0 update will include several new features such as remote login, a messenger, and a crypto API, as well as an upgrade to the difficulty adjustment system.
I've also been working on some retroactive features for the 6.0 update, particularly with the Constantine mode of the database. I'm planning to turn that into a database service so that it can be used with a JSON unrestful interface. I've had requests for this and I'm also in discussions with the Komodo guys about it.
Once we release the 5.1 update, I'll be reaching out to the market makers to get things going. I appreciate all of you for sticking around and being involved. If anyone was worried that I wouldn't continue working on this, rest assured that I will. When things don't go as planned, I pivot and find a new way to make it work. That's how success is achieved.
There's a quote by Thomas Edison that I like to think about. He said, "I have not failed. I've just found 10,000 ways that won't work." It's important to have that mindset when facing challenges and setbacks. Success comes to those who persevere and never give up.
We've been working on this project for nine years and we're not going to stop anytime soon. We're prepared for the future, including factors like quantum computers that are getting closer to becoming a reality. It's important to acknowledge the potential risks and be proactive in finding solutions to maintain confidence in the system.
I have a friend who is a security expert, and he recently discovered a flaw in Ethereum. It wasn't specifically in the Coral protocol, but rather in a wallet someone created that only used 64 bits of entropy. Using just a CPU overnight, he was able to find hundreds of Ethereum private keys that contained or once contained Ethereum. To test if someone else had already exploited this flaw, he deposited a small amount of Ethereum into one of those accounts, and it was immediately swept away by someone else.
This is exactly what could happen with quantum computers - they could sweep away all your keys, making them no longer safe. Bitcoin developers are already discussing this issue. The problem is that there are still about 1 million coins locked up from Satoshi. If private keys could be swept with a quantum computer, then these coins could flood the market and have unpredictable consequences.
Fixing this issue is not retroactive. Even if a solution is implemented, all the problems will still exist until someone transfers the affected coins. If someone doesn't know that a quantum computer is sweeping Bitcoin keys, their coins could disappear, causing people to lose confidence. There are many factors that could impact the industry, including regulatory scrutiny. Some coins have already been labeled as securities, which could lead to lawsuits from the SEC.
We are in a fortunate position because we are still small and under the radar. We can focus on building our project and, when the time is right, promote it with the right people. Many coins will likely disappear due to being classified as securities and attempting to avoid regulation. They will likely face legal action, especially if they are run by centralized companies that raised money through an ICO (initial coin offering). Ethereum started the trend of ICOs, but there are rumors that it may also be considered a security. However, we don't have to worry about that because we have never done an ICO - our project is community-driven.
Hope is the belief that things can get better, even when we don't know how. And faith is knowing that everything is exactly as it should be. When we shift our perspective and see challenges as opportunities for growth, we open ourselves up to new knowledge and experiences.
Sometimes, we learn through positive experiences, and other times, through negative ones. It's all part of the learning process. Just like a forest that needs to expand and contract, our lives go through cycles of expansion and contraction. Right now, we might be in a contraction cycle, but that can create opportunities for those who don't have much money to get in at a lower price.
It's important not to lose faith and to remember that hope without faith can lead us to always yearn for something better, without appreciating the present moment. We need to understand that our circumstances are here to teach us, and the quicker we learn the lessons, the faster new and better things can come into our lives.
So, it's crucial to ask ourselves why we are involved in what we're doing. Money may be one reason, as we need to provide for our families. But let's not lose sight of our deeper purpose and what truly drives us. Even when we face challenges, we should remember that everything is as it's meant to be. This past month has shown me how much the universe supports us, even in difficult times.
In the crypto industry, we face constant challenges and attacks, much like what happened to Bitcoin. But we are resilient, and we need to come together as a community. We are all on the same boat, working towards the same goals. The more we collaborate and support each other, the better off we will be.
Personally, I will continue doing my part, driving things forward and pushing for progress. And I encourage you all to do the same. Even though the world may seem chaotic, I see a bright future ahead. There is a global awakening happening, and we can be a part of it. So let's keep pushing forward and driving this movement together.
I'll be taking a break for a couple of weeks, but I'll still be around on Telegram from time to time. Stay positive and remember that everything will be alright. See you soon!
More info about Nexus: https://www.nexus.io